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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULES 13D-1(B) AND (C) AND AMENDMENTS THERETO
FILED PURSUANT TO 13d-2(b)
(AMENDMENT NO. ___________)*
LOMAK PETROLEUM INC.
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(Name of Issuer)
$2.03 SERIES C CONVERTIBLE PREFERRED STOCK
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(Title of Class of Securities)
541509402
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(CUSIP Number)
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(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|X| Rule 13d-1(b)
|_| Rule 13d-1(c)
|_| Rule 13d-1(d)
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*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 (the "Act") or otherwise subject to the
liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, SEE the NOTES).
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CUSIP NO. 541509402 13G PAGE 2 OF 10 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Forest Investment Management LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED BY 187,300
EACH REPORTING PERSON
WITH
----------------------------------------------------
6 SHARED VOTING POWER
Zero
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7 SOLE DISPOSITIVE POWER
187,300
----------------------------------------------------
8 SHARED DISPOSITIVE POWER
Zero
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
187,300
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES
CERTAIN SHARES*
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.29%
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12 TYPE OF REPORTING PERSON*
IA
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 541509402 13G PAGE 3 OF 10 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Founders Financial Group, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED BY 187,300
EACH REPORTING PERSON
WITH
----------------------------------------------------
6 SHARED VOTING POWER
zero
----------------------------------------------------
7 SOLE DISPOSITIVE POWER
187,300
----------------------------------------------------
8 SHARED DISPOSITIVE POWER
zero
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
187,300
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES
CERTAIN SHARES*
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.29%
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12 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 541509402 13G PAGE 4 OF 10 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Michael A. Boyd, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
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5 SOLE VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED BY 187,300
EACH REPORTING PERSON
WITH
----------------------------------------------------
6 SHARED VOTING POWER
zero
----------------------------------------------------
7 SOLE DISPOSITIVE POWER
187,300
----------------------------------------------------
8 SHARED DISPOSITIVE POWER
zero
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
187,300
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES
CERTAIN SHARES*
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.29%
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12 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 541509402 13G PAGE 5 OF 10 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Michael A. Boyd
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED BY 187,300
EACH REPORTING PERSON
WITH
----------------------------------------------------
6 SHARED VOTING POWER
zero
----------------------------------------------------
7 SOLE DISPOSITIVE POWER
187,300
----------------------------------------------------
8 SHARED DISPOSITIVE POWER
zero
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
187,300
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES
CERTAIN SHARES*
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.29%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 541509402 13G PAGE 6 OF 10 PAGES
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ITEM 1(A). NAME OF ISSUER:
Lomak Petroleum Inc. (the "Issuer").
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
500 Throckmorton Street, Fort Worth, Texas 76102.
ITEM 2(A). NAME OF PERSON FILING:
This statement is filed by the following persons: (a) Forest
Investment Management LLC, an Investment Advisor registered
under the Investment Advisors Act of 1940, as amended
("Forest"), (b) Founders Financial Group L.P. ("Founders"),
in its capacity as the owner of a controlling interest in
Forest, (c) Michael A. Boyd, Inc. ("MAB, Inc."), in its
capacity as the general partner of Founders and (d) Michael
A. Boyd ("Mr. Boyd"), in his capacity as the sole director
and shareholder of MAB, Inc. (collectively, the "Filing
Parties").
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE:
The principal business office of each of the Filing Parties is
53 Forest Avenue, Old Greenwich, Connecticut 06870.
ITEM 2(C). CITIZENSHIP:
Forest is a Delaware Limited Liability Company. Founders is a
Delaware Limited Partnership. MAB is a Connecticut
corporation. Mr. Boyd is a United States citizen.
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
This statement relates to shares of Lomak Petroleum $2.03
Series C Convertible Preferred Stock (the "Preferred Stock").
ITEM 2(E). CUSIP NUMBER:
541509402
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2
(b) OR (c), CHECK WHETHER THE PERSON FILING IS A :
(a) |_| Broker or dealer registered under Section 15 of the
Exchange Act.
(b) |_| Bank as defined in Section 3(a)(6) of the Exchange
Act.
(c) |_| Insurance company as defined in Section 3(a)(19) of
the Exchange Act.
(d) |_| Investment company registered under Section 8 of the
Investment Company Act.
(e) |X| An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) |_| An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F);
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CUSIP NO. 541509402 13G PAGE 7 OF 10 PAGES
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(g) |_| A parent holding company or control person in
accordance with Rule 13d-1(b)(1)(ii)(G);
(h) |_| A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act;
(i) |_| A church plan that is excluded from the
definition of an investment company under Section
3(c)(14) of the Investment Company Act;
(j) |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check
this box. |_|
ITEM 4. OWNERSHIP:
Provide the following information regarding the aggregate
number and percentage of the class of securities of the issuer identified in
Item 1.
(a) AMOUNT BENEFICIALLY OWNED:
Each of Forest, Founders, MAB, Inc. and Mr. Boyd
beneficially own 187,300 shares of Issuer's Preferred
Stock.
(b) PERCENT OF CLASS:
Each of Forest, Founders, MAB, Inc. and Mr. Boyd
beneficially own 16.29% of the Issuer's Preferred Stock.
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) Sole power to vote or to direct the vote
Each of Forest, Founders, MAB, Inc. and Mr. Boyd has the
sole power to vote or direct the vote of the 187,300
shares of Preferred Stock.
(ii) Shared power to vote or to direct the vote
Zero.
(iii) Sole power to dispose or to direct the disposition of
Each of Forest, Founders, MAB, Inc. and Mr. Boyd has the
sole power to vote or dispose or to direct the
disposition of the 187,300 shares of Preferred Stock.
(iv) Shared power to dispose or direct the disposition of
Zero.
INSTRUCTION: For computations regarding securities which
represent a right to acquire an underlying security SEE Rule 13d-3(d)(1).
<PAGE>
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CUSIP NO. 541509402 13G PAGE 8 OF 10 PAGES
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ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [ ].
INSTRUCTION. Dissolution of a group requires a response to this item.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
If any other person is known to have the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the sale of, such
securities, a statement to that effect should be included in response to this
item and, if such interest relates to more than five percent of the class, such
person should be identified. A listing of the shareholders of an investment
company registered under the Investment Company Act of 1940 or the beneficiaries
of an employee benefit plan, pension fund or endowment fund is not required.
N/A
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY:
If a parent holding company has filed this schedule pursuant to Rule
13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the
identity and the Item 3 classification of the relevant subsidiary. If a parent
holding company has filed this schedule pursuant to Rule 13d-1(c), attach an
exhibit stating the identification of the relevant subsidiary.
N/A
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
If a group has filed this schedule pursuant to Rule 13d-1(b)(1)(ii)(J),
so indicate under Item 3(h) and attach an exhibit stating the identity and Item
3 classification of each member of the group. If a group has filed this schedule
pursuant to Rule 13d-1(d), attach an exhibit stating the identity of each member
of the group.
N/A
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Notice of dissolution of a group may be furnished as an exhibit stating
the date of the dissolution and that all further filings with respect to
transactions in the security reported on will be filed, if required, by members
of the group, in their individual capacity. SEE Item 5.
N/A
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CUSIP NO. 541509402 13G PAGE 9 OF 10 PAGES
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ITEM 10. CERTIFICATION:
(a) The following certification shall be included if the statement is
filed pursuant to Rule 13d-1(b):
"By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were
acquired and are held in the ordinary course of business and
were not acquired and are not held for the purpose of or with
the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not
held in connection with or as a participant in any transaction
having that purpose or effect."
[SIGNATURES ON NEXT PAGE]
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CUSIP NO. 541509402 13G PAGE 10 OF 10 PAGES
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
FOREST INVESTMENT MANAGEMENT LLC
Dated: August 6, 1998 By: /s/ Michael A. Boyd
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Michael A. Boyd, Chairman
FOUNDERS FINANCIAL GROUP, L.P.
By: /s/ Michael A. Boyd
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Dated: August 6, 1998 Michael A. Boyd, Chairman
MICHAEL A. BOYD, INC.
Dated: August 6, 1998 By: /s/ Michael A. Boyd
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Name: Michael A. Boyd
Title: President
MICHAEL A. BOYD
By: /s/ Michael A. Boyd
Dated: August 6, 1998 -------------------------------
Name: Michael A. Boyd
The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the statement is
signed on behalf of a person by his authorized representative (other than an
executive officer or general partner of the filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
NOTE. Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. SEE Rule 13d-7(b) for
other parties for whom copies are to be sent.
ATTENTION. Intentional misstatements or omissions of fact constitute
federal criminal violations (SEE 18 U.S.C. 1001).