<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 11)
HANOVER DIRECT, INC.
(Name of Issuer)
Common Stock, $0.66-2/3 par value
(Title of Class of Securities)
440506 10 3
(CUSIP Number)
Theodore H. Kruttschnitt, III
One Bay Plaza, Suite 850
1350 Bayshore Boulevard
Burlingame, CA 94010
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 23, 1996
(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 / / .
Check the following box if a fee is being paid with this statement / / .
(Continued on following page(s))
Page 1 of 10 Pages
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CUSIP No. 440506 10 3
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Theodore H. Kruttschnitt, III
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2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) /X/
OF A GROUP (b) / /
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3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS PF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS / /
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A.
- --------------------------------------------------------------------------------
NUMBER 7 SOLE VOTING POWER 8,011,889*
OF -----------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
OWNED -----------------------------------------------------
BY
EACH 9 SOLE DISPOSITIVE POWER 8,011,889*
REPORTING -----------------------------------------------------
PERSON
WITH 10 SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 8,011,889*
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES / /
CERTAIN SHARES
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.64%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
- --------
* See Item 5 hereof.
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CUSIP No. 440506 10 3
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
J. David Hakman
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2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) /X/
OF A GROUP (b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS PF
- --------------------------------------------------------------------------------
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 U.S.A.
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NUMBER 7 SOLE VOTING POWER 20,286*
OF -----------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
OWNED -----------------------------------------------------
BY
EACH 9 SOLE DISPOSITIVE POWER 20,286*
REPORTING -----------------------------------------------------
PERSON
WITH 10 SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 20,286*
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES / /
CERTAIN SHARES
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .01%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
- --------
* See Item 5 hereof.
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CUSIP No. 440506 10 3
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Edmund R. Manwell
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2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) /X/
OF A GROUP (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 U.S.A.
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NUMBER 7 SOLE VOTING POWER 20,579*
OF -----------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
OWNED -----------------------------------------------------
BY
EACH 9 SOLE DISPOSITIVE POWER 20,579*
REPORTING -----------------------------------------------------
PERSON
WITH 10 SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 20,579*
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES / /
CERTAIN SHARES
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .01%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
- --------
* See Item 5 hereof.
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Item 1. Security and Issuer.
This Amendment No. 11 to Statement on Schedule 13D relates to
shares of Common Stock, par value $.66-2/3 per share (the "Common Stock"), of
Hanover Direct, Inc., a Delaware corporation and the successor in interest to
The Horn & Hardart Company (the "Company"), whose principal executive offices
are located at 1500 Harbor Boulevard, Weehawken, New Jersey 07087.
Item 2. Identity and Background.
(a)-(c) Mr. Theodore H. Kruttschnitt, III's principal
occupation is investing and his business address is One Bay Plaza, 1350 Bayshore
Boulevard, Suite 850, Burlingame, California 94010.
Mr. J. David Hakman's principal occupation is serving as Chief
Executive Officer of Hakman Capital Corporation, an investment banking firm
located at One Bay Plaza, 1350 Bayshore Boulevard, Suite 333, Burlingame,
California 94010.
Mr. Edmund R. Manwell's principal occupation is serving as
Senior Partner of the law firm of Manwell & Milton, 20 California Street, Third
Floor, San Francisco, California 94111.
(d)-(f) During the last five years, none of Messrs.
Kruttschnitt, Hakman or Manwell has been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) or was a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction as a
result of which such individual was or is subject to 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. Messrs. Kruttschnitt, Hakman and Manwell are all United
States citizens.
Item 3. Source and Amount of Funds or other Consideration.
Not Applicable.
Item 4. Purpose of the Transaction.
On August 16, 1996, in connection with the Company's Rights
Offering, Mr. Kruttschnitt exercised the 2,706,002 rights distributed to him by
the Company and thereby purchased 2,706,002 shares of the Company's Common
Stock, par value $.66-2/3 per share, for an exercise price of $1.03 per share.
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On August 16, 1996, in connection with the Company's Rights
Offering, Mr. Hakman exercised the 6,852 rights distributed to him by the
Company and thereby purchased 6,852 shares of the Company's Common Stock, par
value $.66-2/3 per share, for an exercise price of $1.03 per share.
On August 16, 1996, in connection with the Company's Rights
Offering, Mr. Manwell exercised the 6,951 rights distributed to him by the
Company and thereby purchased 6,951 shares of the Company's Common Stock, par
value $.66-2/3 per share, for an exercise price of $1.03 per share.
Item 5. Interest in Securities of the Issuer.
Mr. Kruttschnitt is the beneficial owner of 8,011,889 shares
of Common Stock of the Company as determined in accordance with Rule 13d-3 of
the Securities Exchange Act of 1934, as amended ("Rule 13d-3"). The 8,011,889
shares of Common Stock represent, in accordance with Rule 13d-3, approximately
5.64% of the 142,044,492 shares of Common Stock outstanding as of August 26,
1996.
Messrs. Kruttschnitt, Hakman and Manwell as a group are the
beneficial owners of 8,052,754 shares of Common Stock of the Company, as
determined in accordance with Rule 13d-3. The 8,052,754 shares of Common Stock
represent, in accordance with Rule 13d-3, approximately 5.67% of the 142,044,492
shares of Common Stock outstanding as of August 26, 1996.
(b) Mr. Kruttschnitt has the sole power to vote and dispose of
all his 8,011,889 shares of Common Stock.
Mr. Hakman has the sole power to vote and dispose of all his
20,286 shares of Common Stock.
Mr. Manwell has the sole power to vote and dispose of all his
20,579 shares of Common Stock.
(c) In connection with the Company's pro rata distribution of
subscription rights to its shareholders, on July 19, 1996, Messrs. Kruttschnitt,
Hakman and Manwell each received, 2,706,002, 6,852 and 6,951 rights,
respectively and, accordingly, purchased 2,706,002, 6,852 and 6,951 shares of
Common Stock, par value $.66-2/3 per share of the Company, respectively at an
exercise price of $1.03 per share.
(d) and (e) Inapplicable.
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Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities
of the Issuer.
Reference is hereby made to Item 4 hereof for a description of
certain contracts, arrangements, understandings and relationships relating to
the securities of the Company. Except as described therein, none of the
Reporting Persons has any contract, arrangement, understanding or relations with
one or more security holders of the Company or others, with respect to the
purchase, holding, voting or disposition of shares of Common Stock or other
securities of the Company which are convertible or exercisable into such shares.
Each of such persons reserves the right to enter into any such contract,
arrangement, understanding or relations in the future.
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.
Date: August 27, 1996
/s/ Theodore H. Kruttschnitt, III
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Theodore H. Kruttschnitt, III
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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.
Date: August 27, 1996
/s/ Edmund R. Manwell
--------------------------
Edmund R. Manwell
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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.
Date: August 27, 1996
/s/ J. David Hakman
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J. David Hakman
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