<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
Texoil, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, Par Value $.01 Per Share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
882906 20 9
---------------
(CUSIP Number)
Paul E. McCollam
c/o Resource Investors Management Company
600 Travis, Suite 6875
Houston, Texas 77002
(713) 229-8800
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
September 27, 1996
-------------------------------------------------------
(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 [ ]. (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 less than five percent 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.
*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> 2
SCHEDULE 13D
CUSIP NO. 882906 20 9 PAGE 2 OF 21 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Resource Investors Management Company Limited Partnership 06-114834
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
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
Connecticut
United States of America
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0
SHARES -------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,750,000 shares
------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON ------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
3,750,000 shares
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,750,000 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
47.43%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION.
<PAGE> 3
SCHEDULE 13D
CUSIP NO. 882906 20 9 PAGE 3 OF 21 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RIMCO Associates, Inc. 06-114420
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
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
Connecticut
United States of America
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0
SHARES -------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,750,000 shares
------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON ------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
3,750,000 shares
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,750,000 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
47.43%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION.
<PAGE> 4
SCHEDULE 13D
CUSIP NO. 882906 20 9 PAGE 4 OF 21 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RIMCO Partners, L.P. 06-120837
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
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
Delaware
United States of America
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0
SHARES -------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,050,000 shares
------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON ------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
1,050,000 shares
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,050,000 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.16%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION.
<PAGE> 5
SCHEDULE 13D
CUSIP NO. 882906 20 9 PAGE 5 OF 21 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RIMCO Partners, L.P. II 06-126459
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
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
Delaware
United States of America
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0
SHARES -------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,050,000 shares
------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON ------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
1,050,000 shares
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,050,000 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.16%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION.
<PAGE> 6
SCHEDULE 13D
CUSIP NO. 882906 20 9 PAGE 6 OF 21 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RIMCO Partners, L.P. III 06-129193
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
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
Delaware
United States of America
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0
SHARES -------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 450,000 shares
------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON ------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
450,000 shares
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
450,000 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.77%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION.
<PAGE> 7
SCHEDULE 13D
CUSIP NO. 882906 20 9 PAGE 7 OF 21 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RIMCO Partners, L.P. IV 06-132748
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
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
Delaware
United States of America
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0
SHARES -------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,200,000 shares
------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON ------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
1,200,000 shares
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,200,000 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
22.40%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION.
<PAGE> 8
SCHEDULE 13D
CUSIP NO. 882906 20 9 PAGE 8 OF 21 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Roy V. Hood
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
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
United States of America
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0
SHARES -------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,750,000 shares
------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON ------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
3,750,000 shares
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,750,000 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
47.43%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION.
<PAGE> 9
SCHEDULE 13D
CUSIP NO. 882906 20 9 PAGE 9 OF 21 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Paul E. McCollam
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
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
United States of America
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0
SHARES -------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,750,000 shares
------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON ------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
3,750,000 shares
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,750,000 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
47.43%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION.
<PAGE> 10
SCHEDULE 13D
CUSIP NO. 882906 20 9 PAGE 10 OF 21 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stephen F. Oakes
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
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
United States of America
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0
SHARES -------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,750,000 shares
------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON ------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
3,750,000 shares
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,750,000 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
47.43%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION.
<PAGE> 11
SCHEDULE 13D
CUSIP NO. 882906 20 9 PAGE 11 OF 21 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David R. Whitney
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
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
United States of America
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0
SHARES -------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,750,000 shares
------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON ------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
3,750,000 shares
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,750,000 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
47.43%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION.
<PAGE> 12
SCHEDULE 13D
CUSIP NO. 882906 20 9 PAGE 12 OF 21 PAGES
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John B. Parsons
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
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
United States of America
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0
SHARES -------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,750,000 shares
------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0
PERSON ------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
3,750,000 shares
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,750,000 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
47.43%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION.
<PAGE> 13
Page 13 of 19 Pages
This Amendment No. 1 on Schedule 13D/A ("Amendment No. 1") to the
Statement on Schedule 13D ("Schedule 13D") is filed on behalf of each of RIMCO
Partners, L.P., RIMCO Partners, L.P. II, RIMCO Partners, L.P. III, RIMCO
Partners, L.P. IV, Resource Investors Management Company Limited Partnership,
RIMCO Associates, Inc., Roy V. Hood, Paul E. McCollam, Stephen F. Oakes, David
R. Whitney and John B. Parsons (the "Reporting Persons").
This Amendment No. 1 is filed to reflect the funding of additional
amounts under the 10% Senior Secured Exchangeable General Obligation Notes
("Exchangeable Notes") of Texoil Company ("Subsidiary"), a wholly owned
subsidiary of Texoil, Inc. (the "Company"). The Exchangeable Notes are
exchangeable for common stock of the Company, par value $.01 per share (the
"Common Stock") at an initial per share exchange price of $.80. See the
summary in Item 3 below of the number of shares of Common Stock deemed to be
beneficially owned by the Reporting Persons upon full funding of the Exchange
Notes, as previously reported in the Schedule 13D.
Item 1. Security and Issuer: No change to this item.
Item 2. Identity and Background: No change to this item.
Item 3. Source and Amount of Funds or Other Consideration.
In addition to the information previously reported in this item,
please add the following:
On September 27, 1996, an additional $417,175 was funded under the
Exchangeable Notes, bringing the total amount funded under the Exchangeable
Notes to $617,175 as of September 27, 1996. Pursuant to the agreement between
the Limited Partnerships and Texoil Company, the Limited Partnerships may fund
up to $3,000,000 of Exchangeable Notes. As previously reported on Schedule
13D, upon giving effect to the full funding of the Exchangeable Notes and the
exchange of the Exchangeable Notes at an exchange price of $.80, the Reporting
Persons will have the right to receive the number of shares set forth below:
<TABLE>
<CAPTION>
PURCHASER EXCHANGEABLE NOTE AMOUNT SHARES RECEIVED OR TO BE RECEIVED
--------- ------------------------ ---------------------------------
<S> <C> <C>
RIMCO I $840,000 1,050,000
RIMCO II 840,000 1,050,000
RIMCO III 360,000 450,000
RIMCO IV 960,000 1,200,000
-------- ---------
$3,000,000 3,750,000
</TABLE>
Item 4. Purpose of Transaction. No change to this item.
Item 5. Interest in Securities of Issuer:
Item 5 is hereby deleted in its entirety and replaced with the
following:
(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>
Associates 3,750,000 3,750,000 3,750,000 0 0 47.43%
RIMCO 3,750,000 3,750,000 3,750,000 0 0 47.43%
RIMCO I 1,050,000 1,050,000 1,050,000 0 0 20.16%
RIMCO II 1,050,000 1,050,000 1,050,000 0 0 20.16%
RIMCO III 450,000 450,000 450,000 0 0 9.77%
</TABLE>
<PAGE> 14
Page 14 of 19 Pages
<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>
RIMCO IV 1,200,000 1,200,000 1,200,000 0 0 22.40%
Roy V. Hood 3,750,000 3,750,000 3,750,000 0 0 47.43%
Paul E. McCollam 3,750,000 3,750,000 3,750,000 0 0 47.43%
David R. Whitney 3,750,000 3,750,000 3,750,000 0 0 47.43%
John B. Parsons 3,750,000 3,750,000 3,750,000 0 0 47.43%
Stephen F. Oakes 3,750,000 3,750,000 3,750,000 0 0 47.43%
</TABLE>
- ---------------------
* Giving effect to the full funding of the Exchangeable Notes and the exchange
of the Exchangeable Notes at an exchange price of $.80.
(c) No transactions by any of the reporting persons other
than those transactions identified in Item 3 have taken place in the last 60
days.
(d) - (e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect
to Securities of the Issuer.
RIMCO is the managing general partner of RIMCO I, RIMCO II, RIMCO III
and RIMCO IV. RIMCO has a profits interest in the portfolio securities held by
RIMCO I, RIMCO II, RIMCO III and RIMCO IV.
Associates is the managing general partner of RIMCO, which is the
managing general partner of RIMCO I, RIMCO II, RIMCO III and RIMCO IV.
Associates has a profits interest in RIMCO, which, as indicated above, has a
profits interest in the portfolio securities held by RIMCO I, RIMCO II, RIMCO
III and RIMCO IV.
Roy V. Hood, Paul E. McCollam, David R. Whitney and Stephen F. Oakes
are managing directors of RIMCO. Each of Roy V. Hood, Paul E. McCollam, David
R. Whitney and John B. Parsons is a shareholder of Associates. Mr. Hood is a
shareholder and President and a director of Associates. Mr. McCollam is a
shareholder and Vice President, Secretary and Treasurer and a director of
Associates. Mr. Whitney is a shareholder and a Vice President and a director
of Associates. Mr. Parsons is a shareholder and a director of Associates.
RIMCO I is a Delaware limited partnership engaged in the business of
making investments in the energy sector of the natural resource industry.
RIMCO I is the record owner of an Exchangeable Note exchangeable, when fully
funded, for 1,050,000 shares of Common Stock, or 20.16% of the outstanding
Common Stock of the Company.
RIMCO II is a Delaware limited partnership engaged in the business of
making investments in the energy sector of the natural resource industry.
RIMCO II is the record owner of an Exchangeable Note exchangeable, when fully
funded, for 1,050,000 shares of Common Stock, or 20.16% of the outstanding
Common Stock.
RIMCO III is a Delaware limited partnership engaged in the business of
making investments in the energy sector of the natural resource industry.
RIMCO III is the record owner of an Exchangeable Note exchangeable, when fully
funded, for 450,000 shares of Common Stock, or 9.77% of the outstanding Common
Stock.
<PAGE> 15
Page 15 of 19 Pages
RIMCO IV is a Delaware limited partnership engaged in the business of
making investments in the energy sector of the natural resource industry.
RIMCO IV is the record owner of an Exchangeable Note exchangeable, when fully
funded, for 1,200,000 shares of Common Stock, or 22.40% of the outstanding
Common Stock.
Under a Stock Ownership and Registration Rights Agreement entered into
as of September 6, 1996 and filed as Exhibit D to the Schedule 13D and
incorporated herein by reference, the Company has granted the Limited
Partnerships certain demand and "piggy back" registration rights, to register
any offer of Common Stock held by the Limited Partnerships, as well as
securities (in any) issued with respect thereto, under the Securities Act of
1933. The Stock Ownership and Registration Rights Agreement provides for
indemnification of the Limited Partnerships by the Company and indemnification
of the Company by the Limited Partnerships under certain circumstances related
to such registration rights.
RIMCO I, RIMCO II, RIMCO III and RIMCO IV entered into an agreement on
September 6, 1996, with Texoil Company, a Tennessee corporation and wholly
owned subsidiary of the Company, to acquire $3,000,000 of Exchangeable Notes
the form of which is filed as Exhibit B to the Schedule 13D and incorporated
herein by reference. Upon funding of the Exchangeable Notes, such limited
partnerships will have the right to exchange the outstanding principal balance
of the Exchangeable Notes, at an initial exchange price of $.80, subject to
adjustment, for shares of Common Stock of the Company.
The exercise price and number of shares of Common Stock and the
exchange price and number of shares of Common Stock issuable upon exchange of
the Exchangeable Notes are subject to adjustment upon certain events such as a
reverse stock split or reclassification, merger of the Company or issuances of
Common Stock at a price less than the exchange price.
Item 7. Material to be Filed as Exhibits
A. Agreement for Joint Filing on Behalf of Each Reporting Person
B. Form of Exchangeable Note (filed as Exhibit B to the Schedule
13D and incorporated herein by reference)
C. Guaranty and Exchange Agreement (filed as Exhibit C to the
Schedule 13D and incorporated herein by reference)
D. Stock Ownership and Registration Rights Agreement among the the
Company, Texoil Company, a wholly owned subsidiary of Company,
and the Limited Partnerships (filed as Exhibit D to the Schedule
13D and incorporated herein by reference)
E. Powers of Attorney
<PAGE> 16
Page 16 of 19 Pages
SIGNATURES
After reasonable inquiry and to the best of the knowledge and belief
of each of the following reporting persons, each reporting person certifies
that the information set forth in this statement is true, complete and correct.
Date: October 31, 1996
Signature: Resource Investors Management Company Limited Partnership
By: RIMCO Associates, Inc.,
Its General Partner
By: /s/ Roy V. Hood
-----------------------------------------------------
Name: Roy V. Hood
Title: President
Date: October 31, 1996
Signature: RIMCO Associates, Inc.
By: /s/ Roy V. Hood
-----------------------------------------------------
Name: Roy V. Hood
Title: President
Date: October 31, 1996
Signature: RIMCO Partners, L.P.
By: Resource Investors Management Company Limited
Partnership, Its General Partner
By: RIMCO Associates, Inc.,
Its General Partner
By: /s/ Roy V. Hood
-----------------------------------------------------
Name: Roy V. Hood
Title: President
Date: October 31, 1996
Signature: RIMCO Partners, L.P. II
By: Resource Investors Management Company Limited
Partnership, Its General Partner
By: RIMCO Associates, Inc.,
Its General Partner
By: /s/ Roy V. Hood
-----------------------------------------------------
Name: Roy V. Hood
Title: President
<PAGE> 17
Page 17 of 19 Pages
Date: October 31, 1996
Signature: RIMCO Partners, L.P. III
By: Resource Investors Management Company Limited
Partnership, Its General Partner
By: RIMCO Associates, Inc.,
Its General Partner
By: /s/ Roy V. Hood
-----------------------------------------------------
Name: Roy V. Hood
Title: President
Date: October 31, 1996
Signature: RIMCO Partners, L.P. IV
By: Resource Investors Management Company Limited
Partnership, Its General Partner
By: RIMCO Associates, Inc.,
Its General Partner
By: /s/ Roy V. Hood
-----------------------------------------------------
Name: Roy V. Hood
Title: President
Date: October 31, 1996
Signature: /s/ Roy V. Hood
---------------------------------------------------------
Roy V. Hood
Date: October 31, 1996
Signature: /s/ Paul E. McCollam *
---------------------------------------------------------
Paul E. McCollam
Date: October 31, 1996
Signature: /s/ David R. Whitney *
---------------------------------------------------------
David R. Whitney
Date: October 31, 1996
Signature: /s/ Stephen F. Oakes *
---------------------------------------------------------
Stephen F. Oakes
Date: October 31, 1996
Signature: /s/ John B. Parsons *
---------------------------------------------------------
John B. Parsons
* By Roy V. Hood
Attorney-in-Fact
<PAGE> 18
Page 18 of 19 Pages
Exhibit A
AGREEMENT
Pursuant to Rule 13d-1(f) under the Securities Exchange Act of 1934,
each of the undersigned hereby agrees to the filing of this Statement on
Schedule 13D/A on its behalf. This agreement may be signed in one or more
counterparts.
Resource Investors Management Company Limited
Partnership
By: RIMCO Associates, Inc.,
Its General Partner
Date: October 31, 1996 By: /s/ Roy V. Hood
------------------------------------------------------
Name: Roy V. Hood
Title: President
RIMCO Associates, Inc.
Date: October 31, 1996 By: /s/ Roy V. Hood
------------------------------------------------------
Name: Roy V. Hood
Title: President
RIMCO Partners, L.P.
By: Resource Investors Management Company Limited
Partnership, Its General Partner
By: RIMCO Associates, Inc.,
Its General Partner
Date: October 31, 1996 By: /s/ Roy V. Hood
------------------------------------------------------
Name: Roy V. Hood
Title: President
RIMCO Partners, L.P. II
By: Resource Investors Management Company Limited
Partnership, Its General Partner
By: RIMCO Associates, Inc.,
Its General Partner
Date: October 31, 1996 By: /s/ Roy V. Hood
-----------------------------------------------------
Name: Roy V. Hood
Title: President
<PAGE> 19
Page 19 of 19 Pages
RIMCO Partners, L.P. III
By: Resource Investors Management Company Limited
Partnership, Its General Partner
By: RIMCO Associates, Inc.,
Its General Partner
Date: October 31, 1996 By: /s/ Roy V. Hood
-----------------------------------------------------
Name: Roy V. Hood
Title: President
RIMCO Partners, L.P. IV
By: Resource Investors Management Company Limited
Partnership, Its General Partner
By: RIMCO Associates, Inc.,
Its General Partner
Date: October 31, 1996 By: /s/ Roy V. Hood
------------------------------------------------------
Name: Roy V. Hood
Title: President
Date: October 31, 1996 /s/ Roy V. Hood
---------------------------------------------------------
Roy V. Hood
Date: October 31, 1996 /s/ Paul E. McCollam *
---------------------------------------------------------
Paul E. McCollam
Date: October 31, 1996 /s/ David R. Whitney *
---------------------------------------------------------
David R. Whitney
Date: October 31, 1996 /s/ Stephen F. Oakes *
---------------------------------------------------------
Stephen F. Oakes
Date: October 31, 1996 /s/ John B. Parsons *
---------------------------------------------------------
John B. Parsons
* By: Roy V. Hood
Attorney-in-Fact
<PAGE> 20
EXHIBIT E
<PAGE> 21
POWER OF ATTORNEY
For Executing Schedules 13D and 13G
Know all by these presents, that the undersigned hereby constitutes and
appoints each of Roy V. Hood and David R. Whitney, signing single, his/her
true and lawful attorney-in-fact to:
(1) execute for and on behalf of the undersigned Schedules 13D and
13G (and any amendment thereto) in accordance with Section 13 of
the Securities Exchange Act of 1934 and the rules thereunder;
(2) do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to complete the
execution of any such Schedules 13D and 13G and the timely filing
of such form with the United States Securities and Exchange
Commission and any other authority; and
(3) take any other action of any type whatsoever in connection with
the foregoing which, in the opinion of such attorney-in-fact, may
be of benefit to, in the best interest of, or legally required
by, the undersigned, it being understood that the documents
executed by such attorney-in-fact on behalf of the undersigned
pursuant to this Power of Attorney shall be in such form and
shall contain such terms and conditions as such attorney-in-fact
may approve in his/her sole discretion.
The undersigned hereby grants to each such attorney-in-fact full power
and authority to do and perform all and every act and thing whatsoever
requisite, necessary or proper to be done in the exercise of any of the rights
and power herein granted, as fully to all intents and purposes as such
attorney-in-fact might or could do if personally present, with full power of
substitution or revocation, hereby ratifying and confirming all that such
attorney-in-fact, or his/her substitute or substitutes, shall lawfully do or
cause to be done by virtue of this power of attorney and the rights and powers
herein granted. The undersigned acknowledges that the foregoing
attorneys-in-fact, in serving in such capacity at the request of the
undersigned, are not assuming any of the undersigned's responsibility to comply
with Section 13 of the Securities Exchange Act of 1934 and the rules
thereunder.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to
be executed as of this 31st day of May, 1996.
/s/ Paul E. McCollam
------------------------------------------
Signature
Paul E. McCollam
<PAGE> 22
POWER OF ATTORNEY
For Executing Schedules 13D and 13G
Know all by these presents, that the undersigned hereby constitutes and
appoints each of Roy V. Hood, Paul E. McCollam and David R. Whitney, signing
single, his/her true and lawful attorney-in-fact to:
(1) execute for and on behalf of the undersigned Schedules 13D and
13G (and any amendment thereto) in accordance with Section 13 of
the Securities Exchange Act of 1934 and the rules thereunder;
(2) do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to complete the
execution of any such Schedules 13D and 13G and the timely filing
of such form with the United States Securities and Exchange
Commission and any other authority; and
(3) take any other action of any type whatsoever in connection with
the foregoing which, in the opinion of such attorney-in-fact, may
be of benefit to, in the best interest of, or legally required
by, the undersigned, it being understood that the documents
executed by such attorney-in-fact on behalf of the undersigned
pursuant to this Power of Attorney shall be in such form and
shall contain such terms and conditions as such attorney-in-fact
may approve in his/her sole discretion.
The undersigned hereby grants to each such attorney-in-fact full power
and authority to do and perform all and every act and thing whatsoever
requisite, necessary or proper to be done in the exercise of any of the rights
and power herein granted, as fully to all intents and purposes as such
attorney-in-fact might or could do if personally present, with full power of
substitution or revocation, hereby ratifying and confirming all that such
attorney-in-fact, or his/her substitute or substitutes, shall lawfully do or
cause to be done by virtue of this power of attorney and the rights and powers
herein granted. The undersigned acknowledges that the foregoing
attorneys-in-fact, in serving in such capacity at the request of the
undersigned, are not assuming any of the undersigned's responsibility to comply
with Section 13 of the Securities Exchange Act of 1934 and the rules
thereunder.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to
be executed as of this 1st day of June, 1996.
/s/ John B. Parsons
------------------------------------------
Signature
John B. Parsons
<PAGE> 23
POWER OF ATTORNEY
For Executing Schedules 13D and 13G
Know all by these presents, that the undersigned hereby constitutes and
appoints each of Roy V. Hood and David R. Whitney, signing single, his/her
true and lawful attorney-in-fact to:
(1) execute for and on behalf of the undersigned Schedules 13D and
13G (and any amendment thereto) in accordance with Section 13 of
the Securities Exchange Act of 1934 and the rules thereunder;
(2) do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to complete the
execution of any such Schedules 13D and 13G and the timely filing
of such form with the United States Securities and Exchange
Commission and any other authority; and
(3) take any other action of any type whatsoever in connection with
the foregoing which, in the opinion of such attorney-in-fact, may
be of benefit to, in the best interest of, or legally required
by, the undersigned, it being understood that the documents
executed by such attorney-in-fact on behalf of the undersigned
pursuant to this Power of Attorney shall be in such form and
shall contain such terms and conditions as such attorney-in-fact
may approve in his/her sole discretion.
The undersigned hereby grants to each such attorney-in-fact full power
and authority to do and perform all and every act and thing whatsoever
requisite, necessary or proper to be done in the exercise of any of the rights
and power herein granted, as fully to all intents and purposes as such
attorney-in-fact might or could do if personally present, with full power of
substitution or revocation, hereby ratifying and confirming all that such
attorney-in-fact, or his/her substitute or substitutes, shall lawfully do or
cause to be done by virtue of this power of attorney and the rights and powers
herein granted. The undersigned acknowledges that the foregoing
attorneys-in-fact, in serving in such capacity at the request of the
undersigned, are not assuming any of the undersigned's responsibility to comply
with Section 13 of the Securities Exchange Act of 1934 and the rules
thereunder.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to
be executed as of this 19th day of September, 1996.
/s/ Stephen F. Oakes
------------------------------------------
Signature
Stephen F. Oakes
<PAGE> 24
POWER OF ATTORNEY
For Executing Schedules 13D and 13G
Know all by these presents, that the undersigned hereby constitutes and
appoints each of Paul E. McCollam and David R. Whitney, signing single, his/her
true and lawful attorney-in-fact to:
(1) execute for and on behalf of the undersigned Schedules 13D and
13G (and any amendment thereto) in accordance with Section 13 of
the Securities Exchange Act of 1934 and the rules thereunder;
(2) do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to complete the
execution of any such Schedules 13D and 13G and the timely filing
of such form with the United States Securities and Exchange
Commission and any other authority; and
(3) take any other action of any type whatsoever in connection with
the foregoing which, in the opinion of such attorney-in-fact, may
be of benefit to, in the best interest of, or legally required
by, the undersigned, it being understood that the documents
executed by such attorney-in-fact on behalf of the undersigned
pursuant to this Power of Attorney shall be in such form and
shall contain such terms and conditions as such attorney-in-fact
may approve in his/her sole discretion.
The undersigned hereby grants to each such attorney-in-fact full power
and authority to do and perform all and every act and thing whatsoever
requisite, necessary or proper to be done in the exercise of any of the rights
and power herein granted, as fully to all intents and purposes as such
attorney-in-fact might or could do if personally present, with full power of
substitution or revocation, hereby ratifying and confirming all that such
attorney-in-fact, or his/her substitute or substitutes, shall lawfully do or
cause to be done by virtue of this power of attorney and the rights and powers
herein granted. The undersigned acknowledges that the foregoing
attorneys-in-fact, in serving in such capacity at the request of the
undersigned, are not assuming any of the undersigned's responsibility to comply
with Section 13 of the Securities Exchange Act of 1934 and the rules
thereunder.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to
be executed as of this 19th day of September, 1996.
/s/ Roy V. Hood
------------------------------------------
Signature
Roy V. Hood
<PAGE> 25
POWER OF ATTORNEY
For Executing Schedules 13D and 13G
Know all by these presents, that the undersigned hereby constitutes and
appoints each of Paul E. McCollam and Roy V. Hood, signing single, his/her
true and lawful attorney-in-fact to:
(1) execute for and on behalf of the undersigned Schedules 13D and
13G (and any amendment thereto) in accordance with Section 13 of
the Securities Exchange Act of 1934 and the rules thereunder;
(2) do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to complete the
execution of any such Schedules 13D and 13G and the timely filing
of such form with the United States Securities and Exchange
Commission and any other authority; and
(3) take any other action of any type whatsoever in connection with
the foregoing which, in the opinion of such attorney-in-fact, may
be of benefit to, in the best interest of, or legally required
by, the undersigned, it being understood that the documents
executed by such attorney-in-fact on behalf of the undersigned
pursuant to this Power of Attorney shall be in such form and
shall contain such terms and conditions as such attorney-in-fact
may approve in his/her sole discretion.
The undersigned hereby grants to each such attorney-in-fact full power
and authority to do and perform all and every act and thing whatsoever
requisite, necessary or proper to be done in the exercise of any of the rights
and power herein granted, as fully to all intents and purposes as such
attorney-in-fact might or could do if personally present, with full power of
substitution or revocation, hereby ratifying and confirming all that such
attorney-in-fact, or his/her substitute or substitutes, shall lawfully do or
cause to be done by virtue of this power of attorney and the rights and powers
herein granted. The undersigned acknowledges that the foregoing
attorneys-in-fact, in serving in such capacity at the request of the
undersigned, are not assuming any of the undersigned's responsibility to comply
with Section 13 of the Securities Exchange Act of 1934 and the rules
thereunder.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to
be executed as of this 18th day of September, 1996.
/s/ David R. Whitney
------------------------------------------
Signature
David R. Whitney
