UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
EVANS, INC.
-----------------------------------------------------------------
(Name of Issuer)
Common Stock, $.20 par value
----------------------------------------------------------------
(Title of Class of Securities)
299155 10 1
(CUSIP Number)
September 23,
1998
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
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 ("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).
Page 1 of 12 Pages
<PAGE>
SCHEDULE 13G
--------------------------------------- ------------------------
CUSIP No. 299155 10 1 Page 2 of 12 Pages
-----------
--------------------------------------- ------------------------
- --------- ----------------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Peter Cundill & Associates (Bermuda) Ltd.
N/A
- --------- ----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- --------- ----------------------------------------------------------------------
SEC USE ONLY
3
- --------- ----------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda
- ----------------------- --------- ----------------------------------------------
5
SOLE VOTING POWER
NUMBER OF SHARES 0
BENEFICIALLY OWNED BY
EACH REPORTING PERSON
WITH
--------- ----------------------------------------------
6
SHARED VOTING POWER
0
--------- ----------------------------------------------
7
SOLE DISPOSITIVE POWER
0
--------- ----------------------------------------------
8
SHARED DISPOSITIVE POWER
0
- ----------- --------------------------------------------------------------------
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- ------------ -------------------------------------------------------------------
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- ------------ -------------------------------------------------------------------
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0%
- ------------ -------------------------------------------------------------------
12
TYPE OF REPORTING PERSON
CO, IA (Canadian)
- ------------ -------------------------------------------------------------------
<PAGE>
- --------- ----------------------------------------------------------------------
1
NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Peter Cundill Holdings (Bermuda) Ltd.
N/A
- --------- ----------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- --------- ----------------------------------------------------------------------
3
SEC USE ONLY
- --------- ----------------------------------------------------------------------
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda
- ----------------------- --------------------------------------------------------
NUMBER OF
SHARES 5 SOLE VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH
REPORTING
PERSON
WITH
--------------------------------------------------------
6
SHARED VOTING POWER
0
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- ------------ -------------------------------------------------------------------
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- ------------ -------------------------------------------------------------------
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- ------------ -------------------------------------------------------------------
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0%
- ------------ -------------------------------------------------------------------
12
TYPE OF REPORTING PERSON
HC
- ------------ -------------------------------------------------------------------
<PAGE>
- --------- ----------------------------------------------------------------------
1
NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
F. Peter Cundill
N/A
- --------- ----------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- --------- ----------------------------------------------------------------------
3
SEC USE ONLY
- --------- ----------------------------------------------------------------------
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
- --------- ----------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY
EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------
6 SHARED VOTING POWER
0
--------- ----------------------------------------------
7 SOLE DISPOSITIVE POWER
0
--------- ----------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- ------------ -------------------------------------------------------------------
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- ------------ -------------------------------------------------------------------
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
- ------------ -------------------------------------------------------------------
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0%
- ------------ -------------------------------------------------------------------
12
TYPE OF REPORTING PERSON
IN
- ------------ -------------------------------------------------------------------
<PAGE>
- --------- ----------------------------------------------------------------------
1
NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Cundill Value Fund
N/A
- --------- ----------------------------------------------------------------------
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- --------- ----------------------------------------------------------------------
3
SEC USE ONLY
- --------- ----------------------------------------------------------------------
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
- --------- ----------------------------------------------------------------------
NUMBER OF 5
SHARES SOLE VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH
REPORTING
PERSON
WITH
--------- ----------------------------------------------
6 SHARED VOTING POWER
0
--------- ----------------------------------------------
7 SOLE DISPOSITIVE POWER
0
--------- ----------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- ------------ -------------------------------------------------------------------
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- ------------ -------------------------------------------------------------------
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
- ------------ -------------------------------------------------------------------
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0%
- ------------ -------------------------------------------------------------------
12
TYPE OF REPORTING PERSON
OO
- ------------ -------------------------------------------------------------------
<PAGE>
Item 1. (a). Name of Issuer: Evans, Inc.
(b). Address of Issuer's Principal Executive Offices:
36 South State Street
Chicago, Illinois 60603
Item 2. (a). Name of Person Filing:
(i) Peter Cundill & Associates (Bermuda) Ltd. ("PCB")
(ii) Peter Cundill Holdings (Bermuda) Ltd. ("Holdings")
(iii) F. Peter Cundill ("Cundill")
(iv) Cundill Value Fund ("Value Fund")
(b). Address of Principal Business Office or, if none, Residence:
PCB and Holdings:
15 Alton Hill
Southampton SN01 Bermuda
Cundill:
Grosvenor House, Apt. 104 - Park Lane
London W1A 3AA England
Value Fund:
1200 Sun Life Plaza
1100 Melville Street
Vancouver, British Columbia V6E 4A6
(c). Citizenship or Place of Organization:
PCB and Holdings: Bermuda
Cundill and Value Fund: Canada
(d). Title of Class of Securities: Common Stock, $.20 par value
(e). CUSIP Number: 299155 10 1
Item 3. If this statement is filed pursuant to sections
240.13d-1(b) or 240.13d-2(b) or (c), check whether the person
filing is a:
(a) [ ] Broker or dealer registered under section 15 of
the Act (15 U.S.C. 78o);
(b) [ ] Bank as defined in section 3(a)(6) of the
Act (15 U.S.C. 78c);
(c) [ ] Insurance company as defined in section
3(a)(19) of the Act (15 U.S.C. 78c.);
(d) [ ] Investment company registered under section 8
of the Investment Company Act of 1940 (15 U.S.C.
80a-8);
(e) [ ] An investment adviser in accordance with
section 240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in
accordance with section 240.13d-1(b)(1)(ii) (F);
(g) [ ] A parent holding company or control person in
accordance with section 240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings associations as defined in section
3(b) of the Federal Deposit Insurance
Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the
definition of an investment company under
section 3(c)(14) of the Investment Company Act
of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with section 240.13d-1(b)(1)
(ii)(J).
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:
(i) PCB: 0
(ii) Holdings: 0
(iii) Cundill: 0
(iv) Value Fund: 0
(b). Percent of class:
(i) PCB: 0%
(ii) Holdings: 0%
(iii) Cundill: 0%
(iv) Value Fund: 0%
(c). Number of shares as to which the person has:
(1) Sole power to vote or to direct the vote:
(i) PCB: 0
(ii) Holdings: 0
(iii) Cundill: 0
(iv) Value Fund: 0
(2) Shared power to vote or to direct the vote:
(i) PCB: 0
(ii) Holdings: 0
(iii) Cundill: 0
(iv) Value Fund: 0
(3) Sole power to dispose or to direct the
disposition of :
(i) PCB: 0
(ii) Holdings: 0
(iii) Cundill: 0
(iv) Value Fund: 0
(4) Shared power to dispose or to direct the
disposition of:
(i) PCB: 0
(ii) Holdings: 0
(iii) Cundill: 0
(iv) Value Fund: 0
Item 5. Ownership of Five Percent or Less of a Class: [X]
As of September 23, 1998, the Reporting Persons ceased to be
the beneficial owners of more than five percent of the
Issuer's common stock.
Item 6. Ownership of More Than Five Percent on Behalf of Another
Person:
Not Applicable
Item 7. Identification and Classification of Subsidiaries which
Acquired the Security Being Reported on by the Parent
Holding Company:
Not Applicable
Item 8. Identification and Classification of Members of the Group:
Not Applicable
Item 9. Notice of Dissolution of Group:
Not Applicable
Item 10. Certification:
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.
In accordance with Rule 13d-4 of the Securities Exchange Act
of 1934, each of the persons filing this statement expressly
disclaim the beneficial ownership of the securities covered by
this statement and the filing of this report shall not be
construed as an admission by such persons that they are the
beneficial owners of such securities.
<PAGE>
SIGNATURES
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.
PETER CUNDILL & ASSOCIATES
(BERMUDA) LTD.
Date: September 25, 1998 By: /s/Patrick W.D. Turley
----------------------
Patrick W.D. Turley
Attorney-in-Fact*
PETER CUNDILL HOLDINGS
(BERMUDA) LTD.
Date: September 25, 1998 By: /s/Patrick W.D. Turley
----------------------
Patrick W.D. Turley
Attorney-in-Fact*
F. PETER CUNDILL
Date: September 25, 1998 By: /s/Patrick W.D. Turley
----------------------
Patrick W.D. Turley
Attorney-in-Fact*
CUNDILL VALUE FUND
Date: September 25, 1998 By: /s/Patrick W.D. Turley
----------------------
Patrick W.D. Turley
Attorney-in-Fact*
*Pursuant to Power of Attorney on file with the Commission and incorporated
by reference herein.
<PAGE>
EXHIBIT 1
JOINT FILING AGREEMENT AMONG PETER CUNDILL & ASSOCIATES (BERMUDA) LTD.,
PETER CUNDILL HOLDINGS (BERMUDA) LTD., F. PETER CUNDILL, AND CUNDILL VALUE FUND
WHEREAS, in accordance with Rule 13d-1(k) under the Securities and Exchange Act
of 1934 (the "Act"), only one joint statement and any amendments thereto need to
be filed whenever one or more persons are required to file such a statement or
any amendments thereto pursuant to Section 13(d) of the Act with respect to the
same securities, provided that said persons agree in writing that such statement
or amendments thereto is filed on behalf of each of them;
NOW, THEREFORE, the parties hereto agree as follows:
PETER CUNDILL & ASSOCIATES (BERMUDA) LTD., PETER CUNDILL HOLDINGS (BERMUDA)
LTD., F. PETER CUNDILL, AND CUNDILL VALUE FUND hereby agree, in accordance with
Rule 13d-1(k) under the Act, to file a statement on Schedule 13G relating to
their ownership of Common Stock of the Issuer and do hereby further agree that
said statement shall be filed on behalf of each of them.
PETER CUNDILL & ASSOCIATES
(BERMUDA) LTD.
Date: September 25, 1998 By: /s/Patrick W.D. Turley
----------------------
Patrick W.D. Turley
Attorney-in-Fact*
PETER CUNDILL HOLDINGS
(BERMUDA) LTD.
Date: September 25, 1998 By: /s/Patrick W.D. Turley
----------------------
Patrick W.D. Turley
Attorney-in-Fact*
F. PETER CUNDILL
Date: September 25, 1998 By: /s/Patrick W.D. Turley
----------------------
Patrick W.D. Turley
Attorney-in-Fact*
CUNDILL VALUE FUND
Date: September 25, 1998 By: /s/Patrick W.D. Turley
----------------------
Patrick W.D. Turley
Attorney-in-Fact*
*Pursuant to Power of Attorney on file with the Commission and incorporated
by reference herein.
