<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
THE ELDER-BEERMAN CORP.
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(Name of Issuer)
Common Stock, no par value per share
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(Title of Class of Securities)
284470101
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(CUSIP Number)
Stuart J. Lissner, Managing Director, PPM America, Inc.
225 West Wacker Drive, Suite 1200, Chicago, IL 60606 (312) 634-2501
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
March 21, 2000
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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(e), 13d-1(f) or 13d-1(g), check the following
box: [ ]
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 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 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. 284470101 Page 2 of 9 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
PPM America Special Investments Fund, L.P.
36-408-6849
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b) x
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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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
Delaware, USA
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7 SOLE VOTING POWER
None
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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8 SHARED VOTING POWER
1,231,244
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9 SOLE DISPOSITIVE POWER
None
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10 SHARED DISPOSITIVE POWER
1,231,244
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,231,244
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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)
8.25%
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14 TYPE OF REPORTING PERSON*
IN
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<PAGE>
SCHEDULE 13D
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CUSIP No. 284470101 Page 3 of 9 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
PPM America Fund Management GP. Inc.
36-408-6845
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b) x
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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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
Delaware, USA
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7 SOLE VOTING POWER
None
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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8 SHARED VOTING POWER
1,231,244/1/
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9 SOLE DISPOSITIVE POWER
None
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10 SHARED DISPOSITIVE POWER
1,231,244/1/
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,231,244/1/
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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)
8.25%
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14 TYPE OF REPORTING PERSON*
CO
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- --------------------
/1/ All of the securities covered by this report are owned legally by PPM
America Special Investments Fund, L.P. ("SIF I"), and none are owned directly or
indirectly by PPM America Fund Management GP, Inc. ("SIF I GP"). SIF I GP is the
general partner of SIF I. As permitted by Rule 13d-4, the filing of this
statement shall not be construed as an admission that SIF I GP is the beneficial
owner of any of the securities covered by this statement.
<PAGE>
SCHEDULE 13D
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CUSIP No. 284470101 Page 4 of 9 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
PPM America Special Investments CBO II, L.P.
98-017-9401
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b) x
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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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
Delaware, USA
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7 SOLE VOTING POWER
None
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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8 SHARED VOTING POWER
735,624
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9 SOLE DISPOSITIVE POWER
None
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10 SHARED DISPOSITIVE POWER
735,624
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
735,624
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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)
4.93%
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14 TYPE OF REPORTING PERSON*
PN
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<PAGE>
SCHEDULE 13D
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CUSIP No. 284470101 Page 5 of 9 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
PPM America CBO II Management Company
98-017-9391
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b) x
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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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
Delaware, USA
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7 SOLE VOTING POWER
None
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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8 SHARED VOTING POWER
735,624/2/
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9 SOLE DISPOSITIVE POWER
None
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10 SHARED DISPOSITIVE POWER
735,624/2/
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
735,624/2/
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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)
4.93%
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14 TYPE OF REPORTING PERSON*
CO
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/2/ All of the securities covered by this report are owned legally by PPM
America Special Investments CBO II, L.P. ("CBO II"), and none are owned directly
or indirectly by PPM America CBO II Management Company ("CBO II GP"). CBO II GP
is the general partner of CBO II. As permitted by Rule 13d-4, the filing of this
statement shall not be construed as an admission that CBO II GP is the
beneficial owner of any of the securities covered by this statement.
<PAGE>
SCHEDULE 13D
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CUSIP No. 284470101 Page 6 of 9 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
PPM America, Inc.
36-371-4794
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b) x
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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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
Delaware, USA
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7 SOLE VOTING POWER
None
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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8 SHARED VOTING POWER
1,966,868/3/
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9 SOLE DISPOSITIVE POWER
None
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10 SHARED DISPOSITIVE POWER
1,966,868/3/
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,966,868/3/
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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)
13.18%
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14 TYPE OF REPORTING PERSON*
IA
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- --------------------
/3/ All of the securities covered by this report are owned legally by SIF I or
CBO II, and none are owned directly or indirectly by PPM America, Inc. PPM
America, Inc. is the investment manager/adviser of both SIF I GP and CBO II GP.
As permitted by Rule 13d-4, the filing of this statement shall not be construed
as an admission that PPM America, Inc. is the beneficial owner of any of the
securities covered by this statement.
<PAGE>
Item 4. Purpose of Transaction.
----------------------
In Amendment No.2 to its Schedule 13D filed on March 7, 2000, PPM
insisted that the Company respond to its as yet unmet requests no later than
March 17, 2000. To date, however, the Company has failed to address any of those
requests. In fact, it is PPM's understanding that the Company now has terminated
or suspended its share buy-back program, which was the only concrete step the
Company had taken to increase shareholder value. PPM accordingly has determined
to nominate and to solicit proxies for the election of three new independent
directors for election at the Company's next annual meeting in lieu of any
incumbents or other nominees proposed by the Company. PPM is now in the process
of evaluating possible candidates for the Company's board and intends to amend
its Schedule 13D again in the near future to identify its proposed candidates.
<PAGE>
Signature
After reasonable inquiry and to the best of its knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: March 21, 2000
PPM America, Inc.
By: /s/ Stuart J. Lissner
---------------------
Name: Stuart J. Lissner
Title: Managing Director
PPM America Special Investments Fund, L.P.
By: PPM America Fund Management GP, Inc.
its managing general partner
By: /s/ Stuart J. Lissner
---------------------
Name: Stuart J. Lissner
Title: Managing Director
PPM America Fund Management GP, Inc.
By: /s/ Stuart J. Lissner
---------------------
Name: Stuart J. Lissner
Title: Managing Director
<PAGE>
PPM America Special Investments CBO II, L.P.
By: PPM America CBO II Management
Company, its General Partner
By: PPM MGP (BERMUDA), LTD.
As Managing General Partner
of the General Partner
By: /s/ Stuart J. Lissner
---------------------
Name: Stuart J. Lissner
Title: Vice President
PPM America CBO II Management Company
By: PPM MGP (BERMUDA), LTD.
its Managing General Partner
By: /s/ Stuart J. Lissner
---------------------
Name: Stuart J. Lissner
Title: Vice President
