<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
AMENDMENT NO. 1
SAFEGUARD HEALTH ENTERPRISES, INC.
(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
(Title of Class of Securities)
786444109
(CUSIP Number)
DAVID K. MEYERCORD, ESQ.
STRASBURGER & PRICE, L.L.P.
901 MAIN STREET, SUITE 4300
DALLAS, TEXAS 75202
(214) 651-4300
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
FEBRUARY 9, 2000
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box [ ].
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7(b) 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).
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SCHEDULE 13D
CUSIP NO. 786444109
<TABLE>
<S> <C> <C>
- -------------- --------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
LESLIE B. DANIELS
- -------------- --------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- -------------- --------------------------------------------------------------------------------------------------------------------
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 OF 7 SOLE VOTING POWER
SHARES 35,155
----------- -------------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
----------- -------------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 35,155
----------- -------------------------------------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH: 0
- -----------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
37,155
- -------------- --------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X]
- -------------- --------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.78%
- -------------- --------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------- --------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 2 of 9
<PAGE> 3
SCHEDULE 13D
CUSIP NO. 786444109
<TABLE>
<S> <C> <C>
- -------------- --------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CAI Partners & Company II, Limited Partnership
- -------------- --------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- -------------- --------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------- --------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable
- -------------- --------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- -------------- --------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
- -----------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------- -------------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
----------- -------------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
----------- -------------------------------------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH: 0
- -----------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- -------------- --------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X]
- -------------- --------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
- -------------- --------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- -------------- --------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 3 of 9
<PAGE> 4
SCHEDULE 13D
CUSIP NO. 786444109
<TABLE>
<S> <C> <C>
- -------------- --------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CAI Capital Partners & Company II, Limited Partnership
- -------------- --------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- -------------- --------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------- --------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
- -------------- --------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- -------------- --------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
- -----------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------- -------------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
----------- -------------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
----------- -------------------------------------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH: 0
- -----------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- -------------- --------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- -------------- --------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
- -------------- --------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- -------------- --------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 4 of 9
<PAGE> 5
ITEM 1. SECURITY AND ISSUER.
Common Stock, $.01 par value.
SafeGuard Health Enterprises, Inc.
95 Enterprise
Aliso Viejo, California 92656
ITEM 2. IDENTITY AND BACKGROUND.
This report is filed by Leslie B. Daniels, CAI Partners & Company II,
Limited Partnership, an Ontario limited partnership, and CAI Capital Partners &
Company II, Limited Partnership, an Ontario limited partnership. Leslie B.
Daniels is a principal of the two partnerships. On June 29, 1999, SafeGuard
Health Enterprises, Inc. (the " Issuer") entered into a Debenture and Note
Purchase Agreement, dated June 29, 1999 (as amended, the "Purchase Agreement')
with CAI Partners & Company II, Limited Partnership, CAI Capital Partners &
Company II, Limited Partnership and Jack R. Anderson (collectively the
"Purchasers") relating to the purchase of convertible debentures, preferred
stock, notes and warrants of the Issuer. The Purchase Agreement was terminated
by the Purchasers on February 9, 2000. This amendment is filed because the
rights of the Purchasers to acquire beneficial ownership of 5,000,000 shares of
Common Stock of the Issuer pursuant to the Purchase Agreement have been
terminated.
(a) Name of Reporting Person -- Leslie B. Daniels
(b) Business Address --
767 Fifth Avenue, 5th Floor
New York, NY 10153
(c) Principal occupation --
Principal with CAI Managers & Co., L. P., an
investment manager, with offices located at 767 Fifth
Avenue, 5th Floor, New York, NY 10153.
(d) Criminal Convictions -- none
(e) Injunctions with respect to federal or state
securities laws -- none
(f) Citizenship -- U.S.A.
(a) Name of Reporting Person -- CAI Partners & Company II, Limited
Partnership ("CAI")
(b) Business Address --
767 Fifth Avenue, 5th Floor
New York, NY 10153
(c) Principal Business -- Private Investment Fund
Page 5 of 9
<PAGE> 6
(d) Criminal Convictions -- None
(e) Injunctions with respect to federal or state
securities laws -- none
(f) Place of Organization -- Ontario limited partnership
CAI is an Ontario limited partnership. The sole
general partner of CAI is CAI Partners GP & Co.,
L.P., an Ontario limited partnership (the "CAI
General Partner"). The CAI General Partner has five
general partners each consisting of corporations
controlled by Leslie B. Daniels, Richard J. Schmeelk,
Peter M. Gottsegen, Peter G. Restler and Manfred W.
Yu, respectively. The CAI General Partner has two
limited partners consisting of two corporations
controlled by David M. Culver and Mark P. Culver,
respectively.
(a) Name of Reporting Person -- CAI Capital Partners & Company II,
Limited Partnership ("CAI Capital")
(b) Business Address --
767 Fifth Avenue, Fifth Floor
New York, NY 10153
(c) Principal Business -- Private Investment Fund
(d) Criminal Convictions -- None
(e) Injunctions with respect to federal or state
securities laws -- none
(f) Place of Organization -- Ontario limited partnership
CAI Capital is an Ontario limited partnership. The
sole general partner of CAI is CAI Capital Partners
GP & Co., L.P., an Ontario limited partnership (the
"CAI Capital General Partner"). The CAI Capital
General Partner has five general partners each
consisting of corporations controlled by Leslie B.
Daniels, Richard J. Schmeelk, Peter M. Gottsegen,
Peter G. Restler and Manfred W. Yu, respectively. The
CAI Capital General Partner has two limited partners
consisting of two corporations controlled by David M.
Culver and Mark P. Culver, respectively.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
This amendment is filed because of the termination of the Purchase
Agreement described in Item 2 above. The shares of Common Stock reflected in
this amendment as beneficially owned by Leslie B. Daniels were acquired with
personal funds.
Page 6 of 9
<PAGE> 7
ITEM 4. PURPOSE OF TRANSACTION.
(a) through (j) - Not applicable.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
As of October 19, 1999, the Issuer had 4,747,498 shares of common stock
outstanding.
The current beneficial ownership of securities of the Issuer by Mr.
Daniels consists of a total of 37,155 shares of Common Stock held as follows:
(a) 14,250 shares held directly by Mr. Daniels and 20,905 shares held by a trust
of which Mr. Daniels is a trustee, as to which Mr. Daniels has sole voting and
dispositive power, and (b) 1,000 shares held by Elizabeth A. Learson, the spouse
of Mr. Daniels, and 1,000 shares held by Paul B. Daniels, the brother of Mr.
Daniels, as to which Mr. Daniels has shared dispositive power. Such 37,155
shares in the aggregate represent .78% of the shares of common stock of the
Issuer currently outstanding.
Mr. Daniels, CAI or CAI Capital have not effected any transaction
involving shares of common stock of the Issuer at any time since more than 60
days prior to the date of this report.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Other than the relationship of Mr. Daniels as a principal of CAI and
CAI Capital, there are no contracts, agreements, understandings or relationships
among the persons named in Item 2 or between such persons and any person with
respect to any securities of the Issuer.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
The following documents are filed as exhibits to this report.
1. Written agreement of Leslie B. Daniels, CAI Partners & Company
II, Limited Partnership and CAI Capital Partners & Company II,
Limited Partnership with respect to the joint filing of this
report.
Page 7 of 9
<PAGE> 8
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 February 15, 2000 /s/ Leslie B. Daniels
-------------------------------------------
Signature
Leslie B. Daniels
-------------------------------------------
Name/Title
Page 8 of 9
<PAGE> 9
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT
NUMBER DESCRIPTION
- ------ -----------
<S> <C>
1. Written agreement of Leslie B. Daniels, CAI Partners & Company
II, Limited Partnership and CAI Capital Partners & Company II,
Limited Partnership with respect to the joint filing of this
report.
</TABLE>
Page 9 of 9
<PAGE> 1
EXHIBIT 1
JOINT FILING AGREEMENT
In accordance with the rules under Regulation 13d of the General Rules
and Regulations of the Securities and Exchange Commission under the Securities
Exchange Act of 1934, as amended, the undersigned agrees to the joint filing on
behalf of each of them to this statement and any subsequent amendments thereto.
Date February 15, 2000 /s/ Leslie B. Daniels
--------------------------------------------
Signature
Leslie B. Daniels
--------------------------------------------
Name/Title
CAI PARTNERS AND COMPANY II, L.P.
By: CAI PARTNERS GP & CO., L.P.,
the General Partner
By: /s/ Leslie B. Daniels
------------------------------------
Leslie B. Daniels, President of
CLEA II Co., a General Partner
CAI CAPITAL PARTNERS AND COMPANY II, L.P.
By: CAI CAPITAL PARTNERS GP & CO., L.P.,
the General Partner
By: /s/ Leslie B. Daniels
------------------------------------
Leslie B. Daniels, President of
CLEA II Co., a General Partner
