SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
International Leisure Hosts, Ltd.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.01 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
459759 10 6
- --------------------------------------------------------------------------------
(CUSIP Number)
Mark Sauder
1702 E. Highland, Suite 312, Phoenix, Arizona 85016
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
March 12, 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 [ ].
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).
(Continued on following page(s))
<PAGE>
- --------------------- -----------------
CUSIP NO. 459759 10 6 13D Page 2 of 6 Pages
- --------------------- -----------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
William S. Levine
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
OO
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(D) OR 2(E) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY ----------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 466,669
PERSON ----------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
----------------------------------------
10 SHARED DISPOSITIVE POWER
466,669
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
466,669
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
67.2%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
OO
- --------------------------------------------------------------------------------
Page 2 of 6
<PAGE>
- --------------------- -----------------
CUSIP NO. 459759 10 6 13D Page 3 of 6 Pages
- --------------------- -----------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Mark G. Sauder
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
OO
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(D) OR 2(E) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY ----------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 466,669
PERSON ----------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
----------------------------------------
10 SHARED DISPOSITIVE POWER
466,669
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
466,669
- --------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
67.2%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
OO
- --------------------------------------------------------------------------------
Page 3 of 6
<PAGE>
Item 1. Security and Issuer
This Statement relates to Common Stock, par value $.01 per share, of
International Leisure Hosts, Ltd., a Wyoming corporation (the
"Issuer"). The principal executive offices of the Issuer are located at
1702 E. Highland, Suite 312, Phoenix, Arizona 85016.
Item 2. Identity and Background
This Statement is being filed by:
(a) Mark G. Sauder and William S. Levine.
(b) 1702 E. Highland, Suite 312, Phoenix, Arizona 85016.
(c) Mr. Sauder is the Chief Financial Officer of International
Leisure Hosts, Ltd. and Mr. Levine is the Chairman of Outdoor
Systems, Inc.
(d) To the best of the filing persons' knowledge, during the last
five years, neither of the persons named in this Item 2 has
been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) To the best of the filing persons' knowledge, during the last
five years, neither of the persons named in this Item 2 has
been 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.
(f) United States.
Item 3. Source and Amount of Funds or Other Consideration
On March 12, 1997 Paul Lewinthal resigned from his position, pursuant
to that certain Irrevocable Proxy Agreement dated February 1, 1995, as
proxy, and Mr. Sauder and Mr. Levine were named successor co-proxies,
to the following trusts organized under Arizona law: J.J. Fisher Trust,
Elizabeth A. Nicoli Children's Trust dated 12/12/74 FBO Joseph P.
Nicoli, Elizabeth A. Nicoli Children's Trust dated 12/12/74 FBO Susan
Walker, Elizabeth A. Nicoli Children's Trust dated 12/12/74 FBO Toni Jo
Nicoli, 1992 Jennifer J. Walker Trust, 1992 Shawn D. Walker Trust, the
A.J. Nicoli Charitable Foundation and the 1978 Nicoli Children's Trust.
Neither the grant nor the withdrawal of proxy power involved any
exchange of consideration.
Item 4. Purpose of Transaction
The purpose of the appointment of Mr. Sauder and Mr. Levine was to
appoint successor co-proxies under the Irrevocable Proxy Agreement
dated February 1, 1995.
Page 4 of 6
<PAGE>
Item 5. Interest in Securities of the Issuer
(a) The aggregate number and percentage of the class and
securities identified pursuant to Item 1 beneficially owned by
each of Mr. Sauder and Mr. Levine are 466,669 and 67.2%,
respectively, composed of: 61,500 (8.8%) shares through J. J.
Fisher Trust; 39,021 (5.6%) through the Elizabeth A. Nicoli
Children's Trust dated 12/12/74 FBO Joseph P. Nicoli; 39,021
(5.6%) through the Elizabeth A. Nicoli Children's Trust dated
12/12/74 FBO Susan Walker; 39,022 shares (5.6%) through the
Elizabeth A. Nicoli Children's Trust dated 12/12/74 FBO Toni
Jo Nicoli; 35,014 shares (5.0%) through the 1992 Jennifer J.
Walker Trust; 55,015 shares (7.9%) through the 1992 Shawn D.
Walker Trust; 93,034 shares (13.4%) through the A.J. Nicoli
Charitable Foundation; and 105,042 shares (15.1%) through the
1978 Nicoli Children's Trust. Mr. Sauder and Mr. Levine also
succeed Mr. Lewinthal as trustee of the first six of these
trusts.
(b) For each of Mr. Sauder and Mr. Levine, the number of shares
beneficially owned with:
(i) Sole Voting Power - 0;
(ii) Shared Voting Power - 466,669;
(iii) Sole Dispositive Power - 0;
(iv) Shared Dispositive Power - 466,669.
(c) Other than the appointment of Mr. Sauder and Mr. Levine as
successor co-proxies under the Irrevocable Proxy Agreement
dated February 1, 1995 on March 12, 1997, Mr. Sauder and Mr.
Levine have had no transactions in the class of securities
reported on during the past sixty days.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
Mr. Sauder and Mr. Levine have been appointed successor co-proxies
under the Irrevocable Proxy Agreement dated February 1, 1995, and as
such have the power to vote an aggregate of 466,669 shares of the
Issuer's Common Stock held by following trusts organized under Arizona
law: J.J. Fisher Trust, Elizabeth A. Nicoli Children's Trust dated
12/12/74 FBO Joseph P. Nicoli, Elizabeth A. Nicoli Children's Trust
dated 12/12/74 FBO Susan Walker, Elizabeth A. Nicoli
Children's Trust dated 12/12/74 FBO Toni Jo Nicoli, 1992 Jennifer J.
Walker Trust, 1992 Shawn D. Walker Trust, the A.J. Nicoli Charitable
Foundation and the 1978 Nicoli Children's Trust.
Item 7. Exhibits
Exhibit 1 Resignation of Paul Lewinthal, dated March 12, 1997, under
the Irrevocable Proxy Agreement dated February 1, 1995 and
appointment of William S. Levine and Mark G. Sauder as
successor co-proxies.
Page 5 of 6
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of our knowledge and
belief, we certify that the information set forth in this statement is true,
complete and correct.
May 30, 1997
- -----------------------------------
Date
/s/ William S. Levine
- -----------------------------------
Signature
William S. Levine
- -----------------------------------
Name/Title
May 30, 1997
- -----------------------------------
Date
/s/ Mark G. Sauder
- -----------------------------------
Signature
Mark G. Sauder
- -----------------------------------
Name/Title
Page 6 of 6
<PAGE>
EXHIBIT 1
---------
RESIGNATION OF PROXY
I, Paul Lewinthal, hereby resign as the Proxy under the Irrevocable Proxy
Agreement dated February 1, 1995 (the Proxy Agreement"). Pursuant to the Proxy
Agreement, William S. Levine and Mark G. Sauder are hereby the successor
Co-Proxies.
Signed:
/s/ Paul Lewinthal
----------------------------------
Paul Lewinthal, Proxy under The
` Irrevocable Proxy Agreement dated
February 1, 1995
State of Arizona )
County of Maricopa ) ss.
)
Subscribed and sworn to before me, the undersigned Notary Public, came Paul
Lewinthal as proxy under the Irrevocable Proxy Agreement dated February 1, 1995,
and executed this Agreement this 12th day of March, 1997.
/s/ Kym A. Osmundson
----------------------------------
Notary Public
The Following undersigned hereby agree to act as successor Co-Proxies under the
Proxy Agreement effective on March 11, 1997.
/s/ William S. Levine
- ----------------------------------
William S. Levine
/s/ Mark A. Sauder
- ----------------------------------
Mark A. Sauder
