<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. ___)*
DAIRY MART CONVENIENCE STORES, INC.
- --------------------------------------------------------------------------------
(Name of issuer)
CLASS A COMMON STOCK, $0.01 par value per share
- --------------------------------------------------------------------------------
(Title of class of securities)
233860204
-----------------------------------------------------------------------
(CUSIP number)
Thomas W. Janes
Triumph Capital Group, Inc.
60 State Street, 21st Floor
Boston, MA 02109
(617) 557-6000
- --------------------------------------------------------------------------------
(Name, address and telephone number of person authorized to receive notices
and communications)
December 1, 1995
-----------------------------------------------------------------------
(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 the statement . /X/ (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
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.
(Continued on following pages)
(Page 1 of 16 Pages)
- --------------------------------
*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 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> 2
Page 2 of 16 Pages
SCHEDULE 13D
CUSIP NO. 233860204 PAGE 2 OF 16 PAGES
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
TRIUMPH-CONNECTICUT LIMITED PARTNERSHIP
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) /X/
(B) / /
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
WC
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(D) OR 2(E)
/ /
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CONNECTICUT
________________________________________________________________________________
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
______________________________________________________
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 765,000
______________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
______________________________________________________
PERSON 10 SHARED DISPOSITIVE POWER
WITH 765,000
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
765,000
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*/ /
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.5%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON *
PN
________________________________________________________________________________
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 3
Page 3 of 16 Pages
SCHEDULE 13D
CUSIP NO. 233860204 PAGE 3 OF 16 PAGES
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
TRIUMPH-CONNECTICUT CAPITAL ADVISORS, LIMITED PARTNERSHIP
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) /X/
(B) / /
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
AF
________________________________________________________________________________
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
________________________________________________________________________________
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
______________________________________________________
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 765,000
______________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
______________________________________________________
PERSON 10 SHARED DISPOSITIVE POWER
WITH 765,000
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
765,000
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*/ /
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.5%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON *
PN
________________________________________________________________________________
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 4
Page 4 of 16 Pages
SCHEDULE 13D
CUSIP NO. 233860204 PAGE 4 OF 16 PAGES
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
TRIUMPH CAPITAL GROUP, INC.
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) /X/
(B) / /
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
AF
________________________________________________________________________________
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
________________________________________________________________________________
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
__________________________________________________
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 765,000
__________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
__________________________________________________
PERSON 10 SHARED DISPOSITIVE POWER
WITH 765,000
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
765,000
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*/ /
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.5%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON *
CO
________________________________________________________________________________
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 5
Page 5 of 16 Pages
SCHEDULE 13D
CUSIP NO. 233860204 PAGE 5 OF 16 PAGES
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FREDERICK W. MCCARTHY
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) /X/
(B) / /
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
AF
________________________________________________________________________________
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 OF 7 SOLE VOTING POWER
SHARES 0
__________________________________________________
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 765,000
__________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
__________________________________________________
PERSON 10 SHARED DISPOSITIVE POWER
WITH 765,000
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
765,000
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*/ /
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.5%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON *
IN
________________________________________________________________________________
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 6
Page 6 of 16 Pages
SCHEDULE 13D
CUSIP NO. 233860204 PAGE 6 OF 16 PAGES
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FREDERICK S. MOSELEY, IV
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) /X/
(B) / /
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
AF
________________________________________________________________________________
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 OF 7 SOLE VOTING POWER
SHARES 0
__________________________________________________
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 765,000
__________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
__________________________________________________
PERSON 10 SHARED DISPOSITIVE POWER
WITH 765,000
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
765,000
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*/ /
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.5%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON *
IN
________________________________________________________________________________
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 7
Page 7 of 16 Pages
SCHEDULE 13D
CUSIP NO. 233860204 PAGE 7 OF 16 PAGES
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
E. MARK NOONAN
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) /X/
(B) / /
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
AF
________________________________________________________________________________
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 OF 7 SOLE VOTING POWER
SHARES 0
__________________________________________________
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 765,000
__________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
__________________________________________________
PERSON 10 SHARED DISPOSITIVE POWER
WITH 765,000
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
765,000
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*/ /
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.5%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON *
IN
________________________________________________________________________________
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 8
Page 8 of 16 Pages
SCHEDULE 13D
CUSIP NO. 233860204 PAGE 8 OF 16 PAGES
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
THOMAS W. JANES
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) /X/
(B) / /
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
AF
________________________________________________________________________________
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 OF 7 SOLE VOTING POWER
SHARES 0
__________________________________________________
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 765,000
__________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
__________________________________________________
PERSON 10 SHARED DISPOSITIVE POWER
WITH 765,000
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
765,000
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*/ /
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.5%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON *
IN
________________________________________________________________________________
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 9
Page 9 of 16 Pages
SCHEDULE 13D
CUSIP NO. 233860204 PAGE 9 OF 16 PAGES
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
JOHN M. CHAPMAN
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) /X/
(B) / /
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
AF
________________________________________________________________________________
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 OF 7 SOLE VOTING POWER
SHARES 0
_______________________________________________________
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 765,000
_______________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
_______________________________________________________
PERSON 10 SHARED DISPOSITIVE POWER
WITH 765,000
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
765,000
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*/ /
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.5%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON *
IN
________________________________________________________________________________
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 10
Page 10 of 16 Pages
SCHEDULE 13D
CUSIP NO. 233860204 PAGE 10 OF 16 PAGES
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RICHARD J. WILLIAMS
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) /X/
(B) / /
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
AF
________________________________________________________________________________
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 OF 7 SOLE VOTING POWER
SHARES 0
______________________________________________________
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 765,000
______________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
______________________________________________________
PERSON 10 SHARED DISPOSITIVE POWER
WITH 765,000
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
765,000
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*/ /
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.5%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON *
IN
________________________________________________________________________________
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 11
Page 11 of 16 Pages
ITEM 1. SECURITY AND ISSUER.
The securities to which this statement relates are shares of Class A
Common Stock, $0.01 par value per share (the "Class A Common Stock"), of Dairy
Mart Convenience Store, Inc., a Delaware corporation ("Dairy Mart"). The
principal executive offices of Dairy Mart are located at One Vision Drive,
Enfield, Connecticut 06082.
The reporting persons are filing this Schedule 13D because of their
acquisition of the Warrant (as defined in Item 6).
ITEM 2. IDENTITY AND BACKGROUND.
The following table provides certain information about each of the
reporting persons.
<TABLE>
<CAPTION>
Citizenship or State
of Incorporation/ Principal Occupation
Name and Address Organization or Employment
- ---------------- -------------------- --------------------
<S> <C> <C>
Triumph-Connecticut CT Investment Partnership
Limited Partnership
("Holder")
CityPlace I, 35th Floor
Hartford, CT 06103-3499
Triumph-Connecticut DE General Partner of Holder;
Capital Advisors, Investment Management
Limited Partnership
("Triumph")
CityPlace I, 35th Floor
Hartford, CT 06103-3499
Triumph-Capital Group, Inc. DE General Partner of Triumph;
("Capital") Investments
60 State Street
21st Floor
Boston, MA 02109
Frederick W. McCarthy USA Managing General Partner of
c/o Triumph Capital Group, Inc. Triumph; Director and
60 State Street, 21st Floor President of Capital; Investment
Boston, MA 02109 Management/Investment
Banking
Frederick S. Moseley, IV USA General Partner of Triumph;
c/o Triumph Capital Group, Inc. Director of Capital;
60 State Street, 21st Floor Investment Management/
Boston, MA 02109 Investment Banking
E. Mark Noonan USA General Partner of Triumph;
c/o Triumph Capital Group, Inc. Director of Capital;
60 State Street, 21st Floor Investment Management/
Boston, MA 02109 Investment Banking
Thomas W. Janes USA General Partner of Triumph;
c/o Triumph Capital Group, Inc. Director of Capital;
60 State Street, 21st Floor Investment Management/
Boston, MA 02109 Investment Banking
John M. Chapman USA General Partner of Triumph;
c/o Triumph Capital Group, Inc. Director of Capital;
60 State Street, 21st Floor Investment Management/
Boston, MA 02109 Investment Banking
</TABLE>
<PAGE> 12
Page 12 of 16 Pages
<TABLE>
<CAPTION>
<S> <C> <C>
Richard J. Williams USA General Partner of Triumph;
c/o Triumph Capital Group, Inc. Secretary and Director of
60 State Street, 21st Floor Capital; Investment
Boston, MA 02109 Management/Investment
Banking
</TABLE>
During the last five years, none of the reporting persons has been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
None of the reporting persons has been during the last five years a party
to a civil proceeding of a judicial or an administrative body of competent
jurisdiction and, as a result of such proceeding, was or is subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activity subject to, federal or state securities laws or finding
any violation with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The funds for purchase of the Warrant (as defined in Item 6) were
provided out of the working capital of Holder. All other parties filing pursuant
hereto are deemed to be directly or indirectly in control of Holder. The Warrant
was acquired as part of a transaction in which Holder paid the Company
$8,500,000 from Holder's working capital for $8,500,000 principal amount of
10-1/4% Senior Subordinated Notes due 2004, Series B (the "Notes"). If the
Warrant is exercised by Holder, it is expected that the funds which will be
used to pay the exercise price will be provided from Holder's working capital
or by Holder surrendering Notes.
ITEM 4. PURPOSE OF TRANSACTION.
The Warrant was acquired for investment purposes. The reporting persons
intend to review on a continuing basis their investment in the Company and the
Company's business, prospects and financial condition. Based on such continuing
review, alternative investment opportunities available to the reporting persons
and all other factors deemed relevant (including without limitation the market
for and price of the Class A Common Stock, offers for shares of the Class A
Common Stock, general economic conditions and other future developments), the
reporting persons may decide to exercise all or some of the Warrant, sell or
seek the sale of all or part of the Warrant or the Class A Common Stock or
increase their holdings of the Class A Common Stock.
Pursuant to a Registration Rights Agreement between Holder and the
Company, the Company granted Holder and its permitted assigns (the "Holders")
registration rights which require the Company to cause certain securities of the
Company held by the Holders to be registered under the Securities Act of 1933,
as amended (the "Securities Act"), so as to permit the sale or other disposition
by such Holder of said securities.
<PAGE> 13
Page 13 of 16 Pages
ITEM 5. INTEREST IN SECURITIES OF ISSUER.
(a) - (b)
<TABLE>
<CAPTION>
Number of
Shares Shared Shared Sole Sole
Beneficially Voting Investment Voting Investment
Name Owned Power Power Power Power Percent
- ---- ------------- ------- ----------- ------- ----------- -------
<S> <C> <C> <C> <C> <C> <C>
Holder 765,000 765,000 765,000 0 0 21.5%
Triumph 765,000 765,000 765,000 0 0 21.5%
Capital 765,000 765,000 765,000 0 0 21.5%
Frederick W. McCarthy 765,000 765,000 765,000 0 0 21.5%
Frederick S. Moseley, IV 765,000 765,000 765,000 0 0 21.5%
E. Mark Noonan 765,000 765,000 765,000 0 0 21.5%
Thomas W. Janes 765,000 765,000 765,000 0 0 21.5%
John M. Chapman 765,000 765,000 765,000 0 0 21.5%
Richard J. Williams 765,000 765,000 765,000 0 0 21.5%
</TABLE>
(c) Other than the transactions described herein, no transactions by
any of the reporting persons required to be reported by this Item have taken
place in the last 60 days.
(d) The Treasurer of the State of Connecticut, as trustee of the
State of Connecticut Retirement Plans and Trust Funds, as limited partner of
Holder, has the right to receive dividends from or proceeds from the sale of all
or some of the Warrant or all or some of the Class A Common Stock of the Company
after exercise of the Warrant. See Item 6.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
Pursuant to a Note and Warrant Purchase Agreement between Holder and the
Company, Holder acquired (a) the Notes and (b) a Warrant to purchase 765,000
shares of the Class A Common Stock at an initial exercise price of $6.95 per
share (the "Warrant"). The exercise price and number of shares of the Class A
Common Stock issuable upon exercise of the Warrant are subject to adjustment
upon certain events such as stock splits, mergers, reclassifications and similar
corporate events.
The Registration Rights Agreement is described in Item 4, which
description is incorporated by reference herein.
Triumph is a General Partner of Holder, which owns the Warrants, and
holds a 3.0% interest in Holder.
The Treasurer of the State of Connecticut, as trustee of the State of
Connecticut Retirement Plans and Trust Funds, is the Limited partner of Holder,
and holds a 97.0% interest in Holder.
Capital is a general partner of Triumph.
Frederick W. McCarthy is the Managing General Partner of Triumph and the
Chairman of the Board of Directors and President of Capital. Mr. McCarthy is a
person controlling Capital.
Frederick S. Moseley, IV, is a General Partner of Triumph and a Director
of Capital.
E. Mark Noonan is General Partner of Triumph and a Director of Capital.
Thomas W. Janes is General Partner of Triumph and a Director of Capital.
John M. Chapman is General Partner of Triumph and a Director of Capital.
Richard J. Williams is General Partner of Triumph and the Secretary and a
Director of Capital.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
A. Agreement for Joint Filing on Behalf of Each Reporting Person.
Pages 15-16
<PAGE> 14
Page 14 of 16 Pages
Signature
After reasonable inquiry and to the best of my knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct.
Date: December 8, 1995
Triumph-Connecticut Limited Partnership
by Triumph-Connecticut Capital Advisers, L.P.
Its General Partner
By: /s/ Frederick W. McCarthy
--------------------------------------
Frederick W. McCarthy
Its General Partner
Triumph-Connecticut Capital Advisors, L.P.
by Triumph Capital Group, Inc.
Its General Partner
By: /s/ Frederick W. McCarthy
--------------------------------------
Frederick W. McCarthy
Its President
Triumph Capital Group, Inc.
By: /s/ Frederick W. McCarthy
--------------------------------------
Frederick W. McCarthy
Its President
/s/ Frederick W. McCarthy
-----------------------------------------
Frederick W. McCarthy
/s/ Frederick S. Moseley, IV
-----------------------------------------
Frederick S. Moseley, IV
/s/ E. Mark Noonan
-----------------------------------------
E. Mark Noonan
/s/ Thomas W. Janes
-----------------------------------------
Thomas W. Janes
/s/ John M. Chapman
-----------------------------------------
John M. Chapman
/s/ Richard J. Williams
-----------------------------------------
Richard J. Williams
<PAGE> 1
Page 15 of 16 Pages
EXHIBIT A
AGREEMENT
Pursuant to Rule 13d-1(f) under the Securities Exchange Act of 1934, each
of the undersigned hereby agrees that this Statement on Schedule 13D (the
"Schedule 13D") is filed in its behalf.
Each of the undersigned hereby further constitutes and appoints Frederick
W. McCarthy his attorney-in-fact, with power of substitution, for him in any and
all capacities, to sign this Schedule 13D and any amendments hereto, and to file
the same, with any exhibits thereto and other documents therewith, with the
Securities and Exchange Commission, hereby ratifying and confirming all that
said attorney-in-fact, or his substitute or substitutes, may do or cause to be
done by virtue hereof.
This Agreement will be construed in accordance with Federal laws of the
Untied States and the laws of the State of Connecticut. Nothing contained in
this Agreement shall be deemed to confer any rights or benefits upon any person
other than the undersigned.
This Agreement may be signed in one or more counterparts.
IN WITNESS WHEREOF, the undersigned have executed and delivered this
Agreement as of December 8, 1995.
Triumph-Connecticut Limited Partnership
by Triumph-Connecticut Capital Advisers, L.P.
Its General Partner
By: /s/ Frederick W. McCarthy
--------------------------------------
Frederick W. McCarthy
Its General Partner
Triumph-Connecticut Capital Advisors, L.P.
by Triumph Capital Group, Inc.
Its General Partner
By: /s/ Frederick W. McCarthy
--------------------------------------
Frederick W. McCarthy
Its President
Triumph Capital Group, Inc.
By: /s/ Frederick W. McCarthy
--------------------------------------
Frederick W. McCarthy
Its President
/s/ Frederick W. McCarthy
-----------------------------------------
Frederick W. McCarthy
/s/ Frederick S. Moseley, IV
-----------------------------------------
Frederick S. Moseley, IV
/s/ E. Mark Noonan
-----------------------------------------
E. Mark Noonan
<PAGE> 2
Page 16 of 16 Pages
/s/ Thomas W. Janes
-----------------------------------------
Thomas W. Janes
/s/ John M. Chapman
-----------------------------------------
John M. Chapman
/s/ Richard J. Williams
-----------------------------------------
Richard J. Williams
