UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
OSHKOSH B'GOSH, INC.
--------------------
(Name of Issuer)
Class A Common Stock, Par Value $.01
------------------------------------
(Title of Class of Securities)
688222-20-7
-----------
(CUSIP Number)
Murray A. Indick
Richard C. Blum & Associates, L.P.
909 Montgomery Street, Suite 400
San Francisco, CA 94133
(415) 434-1111
--------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 10, 1997
--------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following
box [ ].
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are
to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
Page 1 of 17
CUSIP NO. 688222-20-7 SCHEDULE 13D Page 2 of 17
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON STINSON CAPITAL PARTNERS, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3432358
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(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 California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 328,700**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 328,700**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 328,700**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.2%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 688222-20-7 SCHEDULE 13D Page 3 of 17
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON STINSON CAPITAL PARTNERS II, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3264850
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(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 California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 328,700**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 328,700**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 328,700**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.2%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 688222-20-7 SCHEDULE 13D Page 4 of 17
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON BK CAPITAL PARTNERS IV, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3139027
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(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 California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 328,700**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 328,700**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 328,700**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.2%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 688222-20-7 SCHEDULE 13D Page 5 of 17
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON THE CARPENTERS PENSION TRUST
FOR SOUTHERN CALIFORNIA
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-6042875
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(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 California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 328,700**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 328,700**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 328,700**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.2%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON EP
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 688222-20-7 SCHEDULE 13D Page 6 of 17
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON INSURANCE COMPANY SUPPORTED
ORGANIZATIONS PENSION PLAN
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 13-6284703
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(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 Washington, DC
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 328,700**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 328,700**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 328,700**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.2%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON EP
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 688222-20-7 SCHEDULE 13D Page 7 of 17
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RICHARD C. BLUM & ASSOCIATES, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3205364
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(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 California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 328,700**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 328,700**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 328,700**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.2%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN, IA
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 688222-20-7 SCHEDULE 13D Page 8 of 17
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RICHARD C. BLUM & ASSOCIATES, INC.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-2967812
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(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 California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 328,700**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 328,700**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 328,700**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.2%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON CO
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 688222-20-7 SCHEDULE 13D Page 9 of 17
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RICHARD C. BLUM
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ###-##-####
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(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 USA
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 328,700**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 328,700**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 328,700**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.2%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON IN
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 688222-20-7 SCHEDULE 13D Page 10 of 17
Item 1. Security and Issuer
- ----------------------------
This Amendment No. 3 to Schedule 13D relates to shares of Class A Common
Stock, par value $0.01 (the "Common Stock") of OshKosh B'Gosh, Inc., a
Delaware corporation (the "Issuer"). The principal executive office and
mailing address of the Issuer is 112 Otter Avenue, Oshkosh, Wisconsin 54902-
0300. The Reporting Persons, as defined below, have sold shares of the Issuer
and presently hold less than 5.0% of the Issuer's shares. See Items 4, 5.
Item 2. Identity and Background
- --------------------------------
This Amendment is filed on behalf of Stinson Capital Partners, L.P., a
California limited partnership ("Stinson"); Stinson Capital Partners II, L.P.,
a California limited partnership ("Stinson II"); BK Capital Partners IV, L.P.,
a California limited partnership ("BK IV"); the Carpenters Pension Trust for
Southern California (the "Carpenters Trust"); Insurance Company Supported
Organizations Pension Plan ("ICSOPP"); Richard C. Blum & Associates, L.P., a
California limited partnership ("RCBA L.P."); Richard C. Blum & Associates,
Inc., a California corporation ("RCBA Inc."); and Richard C. Blum, the
Chairman and a substantial shareholder of RCBA Inc. (collectively, the
"Reporting Persons").
Stinson, Stinson II, and BK IV are each a California limited partnership whose
principal business is investing in securities, and whose principal office is
located at 909 Montgomery Street, Suite 400, San Francisco, California 94133.
RCBA L.P. is the sole general partner of Stinson, Stinson II, and BK IV, and
an investment advisor to the Carpenters Trust and ICSOPP.
RCBA L.P. is a California limited partnership whose principal business is
acting as general partner for investment partnerships and providing investment
advisory and financial consulting services. RCBA L.P. is a registered
investment adviser with the Securities and Exchange Commission and with the
State of California. The sole general partner of RCBA L.P. is RCBA Inc. The
principal business office address of RCBA L.P. and RCBA Inc. is 909 Montgomery
Street, Suite 400, San Francisco, California 94133. The names of the
executive officers and directors of RCBA Inc., their addresses, citizenship
and principal occupations are as follows:
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
- -------------------- ----------------------- --------- --------------------
Richard C. Blum 909 Montgomery St. USA President & Chairman
President, Chairman Suite 400 RCBA L.P.
and Director San Francisco, CA 94133
Nils Colin Lind 909 Montgomery St. Norway Managing Director
Managing Director Suite 400 RCBA L.P.
and Director San Francisco, CA 94133
CUSIP NO. 688222-20-7 SCHEDULE 13D Page 11 of 17
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
- -------------------- ----------------------- --------- --------------------
Jeffrey W. Ubben 909 Montgomery St. USA Managing Director
Managing Director Suite 400 of Investments,
of Investments San Francisco, CA 94133 RCBA L.P.
Murray A. Indick 909 Montgomery St. USA Managing Director
Managing Director, Suite 400 and General Counsel,
General Counsel and San Francisco, CA 94133 RCBA L.P.
Secretary
George F. Hamel, Jr. 909 Montgomery St. USA Managing Director
Managing Director Suite 400 of Marketing,
of Marketing San Francisco, CA 94133 RCBA L.P.
Marc T. Scholvinck 909 Montgomery St. USA Managing Director
Managing Director Suite 400 and Chief Financial
and Chief Financial San Francisco, CA 94133 Officer,
Officer RCBA, L.P.
Thomas L. Kempner 40 Wall Street USA Chairman, Loeb
Director New York, NY 10005 Partners Corporation,
Investment Banking
Business
The Carpenters Trust is a trust, governed by a board of trustees. Its
principal office is located at 520 South Virgil Avenue, 4th Floor, Los
Angeles, California 90020. The names of the executive officers and trustees
of the Carpenters Trust, their addresses, citizenship and principal occupation
are as follows:
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
- -------------------- ----------------------- --------- --------------------
Kim Fromer 22225 Acorn Street USA President,
Trustee Chatsworth, CA 91311 Fromer, Inc.
Curtis Conyers, Jr. 4719 Exposition Blvd. USA President,
Trustee Los Angeles, CA 90016 Richard Lane Company
Richard Harris 292 North Wilshire USA General Manager,
Trustee Anaheim, CA 92801 Wesseln Construction
Company, Inc.
Ralph Larison 1925 Water Street USA President,
Trustee Long Beach, CA 90802 Connolly-Pacific Co.
Bert Lewitt 2901 28th Street USA President, Morley
Trustee Santa Monica, CA 90405 Construction Co.
CUSIP NO. 688222-20-7 SCHEDULE 13D Page 12 of 17
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
- -------------------- ----------------------- --------- --------------------
Ronald W. Tutor 15901 Olden Street USA President,
Co-Chairman, Sylmar, CA 91342 Tutor-Saliba Corp.
Trustee
J.D. Butler 412 Dawson Drive USA Executive Secretary,
Trustee Camarillo, CA 93010 Gold Coast District
Council of Carpenters
James K. Bernsen, 520 South Virgil Ave USA Secretary-Treasurer,
Trustee Los Angeles, CA 90020 Southern California-
Nevada Regional
Council of Carpenters
Douglas J. McCarron, 520 South Virgil Ave USA Secretary-Treasurer,
Co-Chairman, Los Angeles, CA 90020 Southern California
Trustee District Council of
Carpenters
Bill Perry 520 South Virgil Ave USA Retired
Trustee Los Angeles, CA 90020
Buddy Self 911 20th Street USA Financial Secretary,
Trustee Bakersfield, CA 91301 Carpenters Local
Union 743
ICSOPP is a trust, governed by a board of trustees. The principal
administrative office of ICSOPP is located at 1130 Connecticut Avenue, N.W.,
Washington, D.C. 20036. The name, business address and present principal
occupation of each of the trustees and executive officers of ICSOPP are as
follows:
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
- -------------------- ----------------------- --------- --------------------
Robert E. Vagley American Insurance Assn USA President, American
Fiduciary 1130 Connecticut Ave NW Insurance Assn
Washington, DC 20036
Fred R. Marcon Insurance Svcs Office USA President, Insurance
Fiduciary 7 World Trade Center Services Office
New York, NY 10048
Gail P. Norstrom Industrial Risk Insurers USA President & CEO
Fiduciary 85 Woodland Street Industrial Risk
Hartford, CT 06102 Insurers
CUSIP NO. 688222-20-7 SCHEDULE 13D Page 13 of 17
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
- -------------------- ----------------------- --------- --------------------
A. James Brodsky Insurance Company USA Director, Insurance
Director Supported Organizations Company Supported
Pension Plan and Trust Organizations
1130 Connecticut Ave NW Pension Plan and
Washington, DC 20036 Trust
* * *
To the best knowledge of the Reporting Persons, none of the entities or
persons identified in this Item 2 has, during the past five years, been
convicted of any criminal proceeding (excluding traffic violations or similar
misdemeanors), nor been a party to a civil proceeding of a judicial or
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 activities 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 source of funds for the purchases of securities was the working capital of
the Reporting Persons.
Item 4. Purpose of Transaction
- -------------------------------
The Reporting Persons acquired the securities of the Issuer in the ordinary
course of their business, which is an investment business. In the ordinary
course of that business, the Reporting Persons may discuss from time to time
with representatives of the Issuer and with selected shareholders of the
Issuer ideas that the Reporting Persons believe might enhance shareholder
value, including ideas that might, if effected, result in any of the
following: the acquisition by persons of additional securities of the Issuer,
an extraordinary corporate transaction involving the Issuer, and/or changes in
the board of directors or management of the Issuer. Depending upon market
conditions and other factors, the Reporting Persons may acquire additional
securities of the Issuer in the open market, in privately negotiated
transactions or otherwise. Alternatively, depending upon market conditions or
other factors, the Reporting Persons may, from time to time, dispose of some
or all of the securities of the Issuer that they own beneficially.
Following the Issuer's recent announcement of an offer to purchase for cash up
to 2,000,000 shares of its common stock at a price not in excess of $22.00 nor
less than $19.00 per share, the Reporting Persons sold some of their shares in
the public market (see Item 5).
CUSIP NO. 688222-20-7 SCHEDULE 13D Page 14 of 17
Other than as set forth in this statement, the Reporting Persons do not have
any present plans or proposals that relate to or would result in any of the
consequences listed in paragraphs (a)-(j) of Schedule 13D, or any agreement
regarding such matters, although they may in the future take actions that
would have such consequences.
Item 5. Interest in Securities of the Issuer
- ---------------------------------------------
(a),(b) According to the Issuer's Tender Offer dated June 30, 1997, there were
10,425,571 shares of Common Stock issued and outstanding as of June 27, 1997.
Based on such information, after taking into account the transactions
described in Item 5(c) below, the following Reporting Persons report the
following direct holdings and corresponding percentage interests in the Common
Stock:
Shares of Common Percentage
Name Stock Owned Owned
- ------------------- ------------------- -----------
Stinson 32,600 0.3%
Stinson II 17,000 0.2%
BK IV 22,900 0.2%
Carpenters Trust 200,100 1.9%
ICSOPP 56,100 0.6%
------- ----
Total 328,700 3.2%
======= ====
Voting and investment power concerning the above shares are held solely by
RCBA L.P. The Reporting Persons therefore may be deemed to be members in a
group, in which case each Reporting Person would be deemed to have beneficial
ownership of an aggregate of 328,700 shares of the Common Stock, which is 3.2%
of the outstanding Common Stock. As the sole general partner of RCBA L.P.,
RCBA Inc. is deemed the beneficial owner of the securities over which RCBA
L.P. has voting and investment power. As Chairman, director and a substantial
shareholder of RCBA Inc., Richard C. Blum might be deemed to be the beneficial
owner of the securities beneficially owned by RCBA Inc. Although Mr. Blum is
joining in this Schedule as a Reporting Person, the filing of this Schedule
shall not be construed as an admission that he, or any of the other
shareholders, directors or executive officers of RCBA Inc. is, for any
purpose, the beneficial owner of any of the securities that are beneficially
owned by RCBA Inc.
CUSIP NO. 688222-20-7 SCHEDULE 13D Page 15 of 17
(c) The following table sets forth the Reporting Persons' transactions in the
shares of the Common Stock during the last 60 days. All transactions were
open market transactions.
Name Trade Date Purchase/Sale Shares Price/Share
- ------------------- ---------- ------------- ------- -----------
Stinson 07-10-97 Sale 37,700 21.75
07-14-97 Sale 27,400 21.75
Stinson II 05-12-97 Purchase 20,000 17.50
05-13-97 Purchase 10,000 17.38
05-14-97 Purchase 7,000 17.25
07-10-97 Sale 19,700 21.75
07-14-97 Sale 14,300 21.75
BK IV 07-10-97 Sale 26,500 21.75
07-14-97 Sale 19,300 21.75
Carpenters Trust 07-10-97 Sale 231,300 21.75
07-14-97 Sale 168,700 21.75
ICSOPP 07-10-97 Sale 64,800 21.75
07-14-97 Sale 47,300 21.75
(d) Not applicable
(e) On July 14, 1997, the Reporting Persons ceased to be the beneficial
owners of more than five percent (5%) of the Common Stock.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
- ------------------------------------------------------------------------------
None of the Reporting Persons or, to the best knowledge of the Reporting
Persons, the other persons named in Item 2, is a party to any contract,
arrangement, understanding or relationship with respect to any securities of
the Issuer, including but not limited to the transfer or voting of any
securities of the Issuer, finder's fees, joint ventures, loan or option
arrangements, puts or calls, guarantees of profits, division of profits or
loss, or the giving or withholding of proxies, except as previously disclosed.
Item 7. Material to be Filed as Exhibits
- -----------------------------------------
Exhibit A Joint Filing Undertaking.
CUSIP NO. 688222-20-7 SCHEDULE 13D Page 16 of 17
SIGNATURES
After reasonable inquiry and to the best or our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: July 14, 1997
RICHARD C. BLUM & ASSOCIATES, L.P. RICHARD C. BLUM & ASSOCIATES, INC.
By /s/ Murray A. Indick By /s/ Murray A. Indick
------------------------------- -----------------------------------
Murray A. Indick Murray A. Indick
Managing Director Managing Director, General Counsel
and General Counsel and Secretary
STINSON CAPITAL PARTNERS, L.P. /s/ N. Colin Lind
STINSON CAPITAL PARTNERS II, L.P. ---------------------------------------
BK CAPITAL PARTNERS IV, L.P. RICHARD C. BLUM
By Richard C. Blum & Associates, By N. Colin Lind,
L.P., its General Partner Attorney-in-Fact
By /s/ Murray A. Indick THE CARPENTERS PENSION TRUST FOR
--------------------------- SOUTHERN CALIFORNIA
Murray A. Indick,
Managing Director INSURANCE COMPANY SUPPORTED
and General Counsel ORGANIZATIONS PENSION PLAN
By Richard C. Blum & Associates, L.P.,
its Investment Advisor
By /s/ Murray A. Indick
-------------------------------
Murray A. Indick,
Managing Director
and General Counsel
CUSIP NO. 688222-20-7 SCHEDULE 13D Page 17 of 17
Exhibit A
JOINT FILING UNDERTAKING
The undersigned, being duly authorized thereunto, hereby execute this
agreement as an exhibit to this Schedule 13D to evidence the agreement of the
below-named parties, in accordance with the rules promulgated pursuant to the
Securities Exchange Act of 1934, to file this Schedule jointly on behalf of
each such party.
Dated: July 14, 1997
RICHARD C. BLUM & ASSOCIATES, L.P. RICHARD C. BLUM & ASSOCIATES, INC.
By /s/ Murray A. Indick By /s/ Murray A. Indick
------------------------------- -----------------------------------
Murray A. Indick Murray A. Indick
Managing Director Managing Director, General Counsel
and General Counsel and Secretary
STINSON CAPITAL PARTNERS, L.P. /s/ N. Colin Lind
STINSON CAPITAL PARTNERS II, L.P. ---------------------------------------
BK CAPITAL PARTNERS IV, L.P. RICHARD C. BLUM
By Richard C. Blum & Associates, By N. Colin Lind,
L.P., its General Partner Attorney-in-Fact
By /s/ Murray A. Indick THE CARPENTERS PENSION TRUST FOR
--------------------------- SOUTHERN CALIFORNIA
Murray A. Indick,
Managing Director INSURANCE COMPANY SUPPORTED
and General Counsel ORGANIZATIONS PENSION PLAN
By Richard C. Blum & Associates, L.P.,
its Investment Advisor
By /s/ Murray A. Indick
-------------------------------
Murray A. Indick,
Managing Director
and General Counsel
