<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 13)
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
1730 South El Camino Real, Suite 400
San Mateo, CA 94402
(415) 525-9300
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 6, 1997
(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 [ ].
(Continued on Following Pages)
Page 1 of 10 Pages
<PAGE> 2
CUSIP No. 440506 10 3 13D Page 2 of 10 Pages
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Theodore H. Kruttschnitt, III
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) X
OF A GROUP ---
(b)
---
- --------------------------------------------------------------------------------
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 10,074,000*
OF
SHARES -----------------------------------------------------
BENEFICIALLY
OWNED 8 SHARED VOTING POWER
BY
EACH -----------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER 10,074,000*
WITH
-----------------------------------------------------
10 SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 10,074,000*
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES
---
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.04%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
- --------------------------------------------------------------------------------
<PAGE> 3
CUSIP No. 440506 10 3 13D Page 3 of 10 Pages
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
J. David Hakman
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) X
OF A GROUP ---
(b)
---
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
- --------------------------------------------------------------------------------
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 1,003,875*
OF
SHARES -----------------------------------------------------
BENEFICIALLY
OWNED 8 SHARED VOTING POWER
BY
EACH -----------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER 1,003,875*
WITH
-----------------------------------------------------
10 SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 1,003,875*
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES
---
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .50%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
- --------------------------------------------------------------------------------
<PAGE> 4
CUSIP No. 440506 10 3 13D Page 4 of 10 Pages
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Edmund R. Manwell
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) X
OF A GROUP ---
(b)
---
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
- --------------------------------------------------------------------------------
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 20,579*
OF
SHARES -----------------------------------------------------
BENEFICIALLY
OWNED 8 SHARED VOTING POWER
BY
EACH -----------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER 20,579*
WITH
-----------------------------------------------------
10 SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 20,579*
- --------------------------------------------------------------------------------
12 CHECK BOX 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
- --------------------------------------------------------------------------------
<PAGE> 5
CUSIP No. 440506 10 3 13D Page 5 of 10 Pages
ITEM 1. SECURITY AND ISSUER.
This Amendment No. 13 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 1730 South El Camino Real, Suite 400, San
Mateo, California 94402.
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 300, 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.
On May 30, 1997, Mr. Kruttschnitt paid $.90 per share to purchase
2,774,000 shares of Common Stock. The source of the funds for the purchase price
is Mr. Kruttschnitt's personal funds.
On May 30, 1997, Mr. Hakman paid $.90 per share to purchase 271,700
shares of Common Stock. The source of the funds for the purchase price is Mr.
Hakman's personal funds.
ITEM 4. PURPOSE OF THE TRANSACTION.
On May 30, 1997, in connection with the Company's Rights Offering,
which officially closed on June 6, 1997, Mr. Kruttschnitt exercised the
2,774,000 rights distributed to him by the Company and thereby purchased
2,774,000 shares of the
<PAGE> 6
CUSIP No. 440506 10 3 13D Page 6 of 10 Pages
Company's Common Stock for an exercise price of $.90 per share.
On May 30, 1997, in connection with the Company's Rights Offering,
which officially closed on June 6, 1997, Mr. Hakman exercised 271,700 of the
278,227 rights distributed to him by the Company and thereby purchased 271,700
shares of the Company's Common Stock for an exercise price of $.90 per share.
Except as set forth above, the Reporting Persons have no present plans
or intentions which would result in or relate to any of the transactions
described in (a) through (i) of Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
After giving effect to the transactions reported herein, Mr.
Kruttschnitt is the beneficial owner of 10,074,000 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 10,074,000 shares of Common Stock
represent, in accordance with Rule 13d-3, approximately 5.04% of the
approximately 200,031,580 shares of Common Stock outstanding as of June 6, 1997.
Messrs. Kruttschnitt, Hakman and Manwell as a group are the beneficial
owners of 11,098,454 shares of Common Stock of the Company, as determined in
accordance with Rule 13d-3. The 11,098,454 shares of Common Stock represent, in
accordance with Rule 13d-3, approximately 5.55% of the approximately 200,031,580
shares of Common Stock outstanding as of June 6, 1997.
(b) Mr. Kruttschnitt has the sole power to vote and dispose of all his
10,074,000 shares of Common Stock.
Mr. Hakman has the sole power to vote and dispose of all his 1,003,875
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 April 29, 1997, Messrs.
Kruttschnitt, Hakman and Manwell each received 2,774,000, 278,227 and 7,820
rights, respectively, and purchased 2,774,000, 271,700 and 0 shares of Common
Stock of the Company, respectively, at an exercise price of $.90 per share.
(d) and (e) Inapplicable.
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CUSIP No. 440506 10 3 13D Page 7 of 10 Pages
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 Issuer which are convertible or exercisable into such shares. Each of such
persons reserves the right to enter into any such contract, arrangement,
understanding or relationship in the future.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None.
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CUSIP No. 440506 10 3 13D Page 8 of 10 Pages
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: June 12, 1997
/s/ Theodore H. Kruttschnitt, III
---------------------------------
Theodore H. Kruttschnitt, III
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CUSIP No. 440506 10 3 13D Page 9 of 10 Pages
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: June 12, 1997
/s/ Edmund R. Manwell
---------------------
Edmund R. Manwell
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CUSIP No. 440506 10 3 13D Page 10 of 10 Pages
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: June 12, 1997
/s/ J. David Hakman
-------------------
J. David Hakman
