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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
EXCO RESOURCES, INC.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
269279 20 4
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(CUSIP Number)
William L. Boeing
Haynes and Boone, L.L.P.
901 Main Street, Suite 3100
Dallas, Texas 75202
(214) 651-5553
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
August 13, 1998
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*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
disclosures provided in a prior cover page.
The information required on 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 ("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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SCHEDULE 13D
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CUSIP No. 269279-20-4 Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Earl Ellis
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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 SOURCE OF FUNDS
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 100,000(1)
OWNED BY --------------------------------------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 0
WITH --------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
100,000(1)
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100,000(1)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.5% (voting, dispositive)
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14 TYPE OF REPORTING PERSON*
IN
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(1) The Reporting Person has acquired 50,000 shares of the Issuer's common
stock, par value $.02 per share (the "Common Stock") for $6.00 per
share pursuant to the exercise of rights issued to the Issuer's
existing shareholders under the terms of the Issuer's Common Stock
rights offering (the "Rights Offering"). The amount listed does not
include 1,000 shares purchased by the Reporting Person as a gift to
his wife or the 1,000 shares purchased by the Reporting Person as a
gift to his daughter. The Reporting Person has no beneficial
ownership interest in the shares owned by his wife and daughter. The
amount listed also takes into account a two-for-one reverse stock
split consummated by the Issuer in March, 1998.
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Item 1. Security and Issuer.
(a) Title of Class of
Equity Securities: Common Stock
(b) Name of Issuer: EXCO Resources, Inc.
(c) Address of Issuer's
Principal Executive Offices:
5735 Pineland Drive
Suite 235
Dallas, Texas 75231
Item 2. Identity and Background.
(a) Name: Earl Ellis
(b) Residence or
Business Address: Benjamin Jacobson & Sons
40 Wall Street
New York, New York 10005
(c) Principal Business: Present principal occupation or
employment and the name, principal
business address of any
corporation in which such
employment is conducted: Senior LLC
member, Benjamin Jacobson & Sons,
40 Wall Street, New York, New York 10005
(d) Criminal Convictions during the past five years: None.
(e) Whether, during the past five years, he was a party to a civil
proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is
subject of a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject
to federal or state securities laws or finding any violation
with respect to such laws: None.
(f) United States.
Item 3. Source and Amount of Funds or Other Consideration.
The shares of Common Stock acquired by the Reporting Person as
beneficial owner pursuant to the Rights Offering were acquired
with $300,000 in personal funds. The Reporting Person also
purchased 1,000 shares of Common Stock for his wife and 1,000
shares of Common Stock for his daughter pursuant to the Rights
Offering with $12,000 in personal funds.
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Item 4. Purpose of the Transaction.
The Reporting Person acquired 50,000 shares of Common Stock
pursuant to the exercise of rights in the Rights Offering for
investment purposes only and purchased 2,000 shares of Common
Stock as gifts for his wife and daughter.
Item 5. Interest in Securities of the Issuer.
(a) and (b): See Items 7 through 11 on the cover page of this Amendment
No. 1 to Schedule 13D.
(c) Other than the purchase of 50,000 shares of Common Stock of
the Issuer reported herein and the purchase of 1,000 shares
for his wife and 1,000 shares for his daughter as described
herein, the Reporting Person has not engaged in any other
transaction in the Issuer's Common Stock.
(d) Rights of others known by the undersigned to receive or direct
the receipt of dividends from, or the proceeds from the sale
of, the securities: None.
(e) The Reporting Person went below 5% beneficial ownership of the
Issuer as of August 13, 1998.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
None
Item 7. Material to be Filed as Exhibits.
None
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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.
Dated: August 24, 1998.
/s/ EARL ELLIS
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EARL ELLIS
