HALE AND DORR LLP
COUNSELLORS AT LAW
60 STATE STREET, BOSTON, MASSACHUSETTS 02109
617-526-6000 o FAX 617-526-5000
LEONARD A. PIERCE
617-526-6440
[email protected]
August 10, 1999
VIA ELECTRONIC TRANSMISSION
Securities and Exchange Commission
File Desk
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Schedule 13D Filing by Boyar Asset Management, Inc.
Ladies and Gentlemen:
Attached hereto for electronic filing pursuant to the Securities Exchange
Act of 1934 and Rule 13d-1 thereunder and Rule 101(a) of Regulation S-T is a
copy of an amended Statement on Schedule 13D which is being filed by Boyar Asset
Management, Inc. ("Boyar") on behalf of itself, (i) Boyar GP Holdings, Ltd.;
(ii) N.R.M.B., Inc.; (iii) Boyar Partners, L.P.; and (iv) Mark A. Boyar (each a
"Reporting Person").
The Statement on Schedule 13D relates to the beneficial ownership by each
Reporting Person of the Common Stock, $0.01 par value per share, of Loehmann's,
Inc., a Delaware corporation.
If you have any questions or comments concerning the enclosed, please
contact Leonard A. Pierce, Esq., counsel to Boyar, at (617) 526-6440 (collect).
Very truly yours,
/s/ Leonard A. Pierce
Leonard A. Pierce, Esq.
Attachment
cc: Ms. Arline Strelzik
WASHINGTON, DC BOSTON, MA LONDON, UK*
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HALE AND DORR LLP INCLUDES PROFESSIONAL CORPORATIONS
*BROBECK HALE AND DORR INTERNATIONAL (AN INDEPENDENT JOINT VENTURE LAW FIRM)
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Loehmann's, Inc.
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(Name of Issuer)
Common Stock ($0.01 par value per share)
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(Title of Class of Securities)
540417102
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(CUSIP Number)
Mark A. Boyar
Boyar Asset Management, Inc.
35 East 21st Street
New York, New York 10010
(212) 995-8300
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(Name, address and telephone number of person authorized
to receive notices and communications)
July 30, 1999
- --------------------------------------------------------------------------------
(Date of Event which requires Filing of this Statement)
If a 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
|_|.
*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).
Page 1 of 9
<PAGE>
- -------------------
CUSIP NO. 540417102
- -------------------
- --------------------------------------------------------------------------------
1. Name of Reporting Person:
I.R.S. Identification No. of above person:
Boyar Asset Management, Inc.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box If a Member of a Group:
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3. SEC Use Only
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4. Source of Funds:
N/A
- --------------------------------------------------------------------------------
5. Check Box If Disclosure of Legal Proceedings Is
Required Pursuant to Items 2(d) or 2(e): |_|
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization:
New York
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7. Sole Voting Power:
Number of 0
Shares -------------------------------------------------------------
Beneficially 8. Shared Voting Power:
Owned by 171,500
Each -------------------------------------------------------------
Reporting 9. Sole Dispositive Power:
Person 0
With -------------------------------------------------------------
10. Shared Dispositive Power:
171,500
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person:
171,500
- --------------------------------------------------------------------------------
12. Check If the Aggregate Amount in Row (11) Excludes Certain Shares:
|_|
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11):
1.89%
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14. Type of Reporting Person:
IA; CO
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Page 2 of 9
<PAGE>
- -------------------
CUSIP NO. 540417102
- -------------------
- --------------------------------------------------------------------------------
1. Name of Reporting Person:
I.R.S. Identification No. of above person:
Boyar GP Holdings, Ltd.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box If a Member of a Group:
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds:
N/A
- --------------------------------------------------------------------------------
5. Check Box If Disclosure of Legal Proceedings Is
Required Pursuant to Items 2(d) or 2(e): |_|
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization:
Delaware
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7. Sole Voting Power:
Number of 0
Shares -------------------------------------------------------------
Beneficially 8. Shared Voting Power:
Owned by 21,000
Each -------------------------------------------------------------
Reporting 9. Sole Dispositive Power:
Person 0
With -------------------------------------------------------------
10. Shared Dispositive Power:
21,000
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person:
21,000
- --------------------------------------------------------------------------------
12. Check If the Aggregate Amount in Row (11) Excludes Certain Shares:
|_|
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11):
0.23%
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14. Type of Reporting Person:
CO
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Page 3 of 9
<PAGE>
- -------------------
CUSIP NO. 540417102
- -------------------
- --------------------------------------------------------------------------------
1. Name of Reporting Person:
I.R.S. Identification No. of above person:
N.R.M.B., Inc.
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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
- --------------------------------------------------------------------------------
4. Source of Funds:
N/A
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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:
New York
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7. Sole Voting Power:
Number of 0
Shares -------------------------------------------------------------
Beneficially 8. Shared Voting Power:
Owned by 133,500
Each -------------------------------------------------------------
Reporting 9. Sole Dispositive Power:
Person 0
With -------------------------------------------------------------
10. Shared Dispositive Power:
133,500
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person:
133,500
- --------------------------------------------------------------------------------
12. Check If the Aggregate Amount in Row (11) Excludes Certain Shares:
|_|
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11):
1.47%
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14. Type of Reporting Person:
CO
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Page 4 of 9
<PAGE>
- -------------------
CUSIP NO. 540417102
- -------------------
- --------------------------------------------------------------------------------
1. Name of Reporting Person:
I.R.S. Identification No. of above person:
Boyar Partners, L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box If a Member of a Group:
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds:
N/A
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5. Check Box If Disclosure of Legal Proceedings Is
Required Pursuant to Items 2(d) or 2(e): |_|
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization:
Delaware
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7. Sole Voting Power:
Number of 0
Shares -----------------------------------------------------
Beneficially 8. Shared Voting Power:
Owned by 21,000
Each -----------------------------------------------------
Reporting 9. Sole Dispositive Power:
Person 0
With -----------------------------------------------------
10. Shared Dispositive Power:
21,000
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person:
21,000
- --------------------------------------------------------------------------------
12. Check If the Aggregate Amount in Row (11) Excludes Certain Shares:
|_|
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11):
0.23%
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14. Type of Reporting Person:
PN
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Page 5 of 9
<PAGE>
- -------------------
CUSIP NO. 540417102
- -------------------
- --------------------------------------------------------------------------------
1. Name of Reporting Person:
I.R.S. Identification No. of above person:
Mark A. Boyar
- --------------------------------------------------------------------------------
2. Check the Appropriate Box If a Member of a Group:
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Source of Funds:
N/A
- --------------------------------------------------------------------------------
5. Check Box If Disclosure of Legal Proceedings Is
Required Pursuant to Items 2(d) or 2(e): |_|
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization:
United States
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7. Sole Voting Power:
Number of 24,000
Shares -----------------------------------------------------
Beneficially 8. Shared Voting Power:
Owned by 350,000
Each -----------------------------------------------------
Reporting 9. Sole Dispositive Power:
Person 24,000
With -----------------------------------------------------
10. Shared Dispositive Power:
350,000
- --------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person:
350,000
- --------------------------------------------------------------------------------
12. Check If the Aggregate Amount in Row (11) Excludes Certain Shares:
|_|
- --------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11):
3.87%
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14. Type of Reporting Person:
IN
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Page 6 of 9
<PAGE>
SCHEDULE 13D
RELATING TO THE COMMON STOCK OF
LOEHMANN'S INC.
Boyar Asset Management, Inc. ("BAM"); Boyar GP Holdings, Ltd. ("GP
Holdings"); N.R.M.B., Inc. ("NRMB"); Boyar Partners, L.P. ("Boyar Partners");
and Mark A. Boyar, hereby amend their Schedule 13D relating to the Common Stock,
$0.01 par value per share (the "Common Stock", of Loehmann's, Inc., a Delaware
corporation (the "Company"). The foregoing persons are hereinafter sometimes
referred to as the "Reporting Persons."
Item 5. Interest in Securities of the Issuer.
(a) As of August 5, 1999, BAM beneficially owned 171,500 shares of Common
Stock of the Company, representing approximately 1.89% of the shares of Common
Stock reported to be outstanding in the Company's Quarterly Report on Form 10-Q
for the period ended March 31, 1999 (the "Company's 10-Q"). Such shares were
held in client accounts with respect to which BAM has voting or investment
discretion or both ("BAM Managed Accounts"). BAM disclaims beneficial ownership
of shares of Common Stock held in BAM Managed Accounts.
As of August 5, 1999, NRMB beneficially owned 133,500 shares of
Common Stock of the Company, representing approximately 1.47% of the shares of
Common Stock reported to be outstanding in the Company's 10-Q. Such shares were
held in a client account with respect to which NRMB has voting or investment
discretion or both (the "NRMB Managed Account"). NRMB disclaims beneficial
ownership of shares of Common Stock held in the NRMB Managed Account.
As of August 5, 1999, GP Holdings beneficially owned 21,000 shares
of Common Stock of the Company, representing approximately 0.23% of the shares
of Common Stock reported to be outstanding in the Company's 10-Q. Such shares
were held by Boyar Partners over which GP Holdings has voting or investment
discretion or both. GP Holdings disclaims beneficial ownership of the shares of
Common Stock held by Boyar Partners.
As of August 5, 1999, Mr. Boyar beneficially owned directly 24,000
shares of Common Stock of the Company, representing approximately 0.27% of the
shares of Common Stock reported to be outstanding in the Company's 10-Q. By
virtue of his relationships with the other Reporting Persons, Mr. Boyar has
indirect beneficial ownership of all the shares of Common Stock beneficially
owned by such Reporting Persons (350,000 shares,
Page 7 of 9
<PAGE>
3.87%). Mr. Boyar disclaims beneficial ownership of such shares.
None of the Reporting Persons beneficially owns any shares of Common
Stock other than as set forth herein.
(c) On July 30, 1999, BAM sold 169,200 shares of Common Stock of the
Company which were held in client accounts at a price per share of $0.25. All of
the shares sold were effected in the over-the-counter market.
(e) As a result of the sale of 169,200 shares of Common Stock on July 30,
1999, the Reporting Persons ceased being beneficial owners of 5% or more of the
Company's Common Stock as of that date.
Page 8 of 9
<PAGE>
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.
Dated: August 10, 1999
Boyar Asset Management, Inc.
By: /s/ Mark A. Boyar
-----------------
Its: President
Boyar GP Holdings Ltd.
By: /s/ Mark A. Boyar
-----------------
Its: President
N.R.M.B., Inc.
By: /s/ Mark A. Boyar
-----------------
Its: Chairman
Boyar Partners, L.P.
By: Boyar GP Holdings Ltd.
----------------------
Its: General Partner
By: /s/ Mark A. Boyar
-----------------
Its: President
/s/ Mark A. Boyar
-----------------
Mark A. Boyar
Page 9 of 9
