<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 5)
SEAMAN FURNITURE COMPANY, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
(Title of Class of Securities)
812163-30-1
(CUSIP Number)
JEFFREY B. COBB, ESQ.
COBB & EISENBERG LLC
315 POST ROAD WEST
WESTPORT, CT 06881
(203) 222-9560
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and Communications)
AUGUST 13, 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/A, 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 five percent or
less of such class.) (See Rule 13d-7.)
Page 1 of 8 pages
<PAGE> 2
CUSIP NO. 812163-30-1 PAGE 2 OF 8 PAGES
------------ --- -----
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Carl Marks Strategic Investments, L.P.
- ------------ -------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- ------------ -------------------------------------------------------------------
3 SEC USE ONLY
- ------------ -------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- ------------ -------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(E) / /
- ------------ -------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------- -------- ---------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 623,512 shares**
-------- ---------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
-------- ---------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 623,512 shares**
-------- ---------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- ------------ -------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
623,512 shares**
- ------------ -------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- ------------ -------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.7%
- ------------ -------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ------------ -------------------------------------------------------------------
** Includes shares owned beneficially by other registered persons but
omits certain shares owned by certain group members. See Item 5.
<PAGE> 3
CUSIP NO. 812163-30-1 PAGE 3 OF 8 PAGES
------------ --- -----
- ------------ -------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Carl Marks Strategic Investments II, L.P.
- ------------ -------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- ------------ -------------------------------------------------------------------
3 SEC USE ONLY
- ------------ -------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- ------------ -------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(E) / /
- ------------ -------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------- -------- ---------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 267,738 shares**
-------- ---------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
-------- ---------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 267,738 shares**
-------- ---------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- ------------ -------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
267,738 shares**
- ------------ -------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- ------------ -------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.9%
- ------------ -------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ------------ -------------------------------------------------------------------
** Includes shares owned beneficially by other registered persons but
omits certain shares owned by certain group members. See Item 5.
<PAGE> 4
CUSIP NO. 812163-30-1 PAGE 4 OF 8 PAGES
------------ --- -----
- ------------ -------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Carl Marks Management Company, L.P.
- ------------ -------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- ------------ -------------------------------------------------------------------
3 SEC USE ONLY
- ------------ -------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- ------------ -------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(E) / /
- ------------ -------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------- -------- ---------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 891,250 shares**
-------- ---------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED -0-
-------- ---------------------------------------------
BY 9 SOLE DISPOSITIVE POWER
EACH
REPORTING 891,250 shares**
-------- ---------------------------------------------
AGENCY 10 SHARED DISPOSITIVE POWER
-0-
- ------------ -------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
891,250 shares**
- ------------ -------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- ------------ -------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.6%
- ------------ -------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ------------ -------------------------------------------------------------------
** Includes shares owned beneficially by other registered persons but
omits certain shares owned by certain group members. See Item 5.
<PAGE> 5
CUSIP NO. 812163-30-1 PAGE 5 OF 8 PAGES
-------------- --- ------
- ------------ -------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Andrew M. Boas
- ------------ -------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- ------------ -------------------------------------------------------------------
3 SEC USE ONLY
- ------------ -------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- ------------ -------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(E) / /
- ------------ -------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- ------------------------- -------- ---------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
-------- ---------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED 938,050 shares**
-------- ---------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0-
-------- ---------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
938,050 shares**
- ------------ -------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
938,050 shares**
- ------------ -------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- ------------ -------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.7%
- ------------ -------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------------ -------------------------------------------------------------------
** Includes shares owned beneficially by other registered persons but
omits certain shares owned by certain group members. See Item 5.
<PAGE> 6
CUSIP NO. 812163-30-1 PAGE 6 OF 8 PAGES
------------- --- ------
- --------- ----------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert C. Ruocco
- --------- ----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- --------- ----------------------------------------------------------------------
3 SEC USE ONLY
- --------- ----------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- --------- ----------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(E) / /
- --------- ----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- ---------------------- -------- ------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
-------- ------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED 938,050 shares**
-------- ------------------------------------------------
BY 9 SOLE DISPOSITIVE POWER
EACH
REPORTING -0-
-------- ------------------------------------------------
AGENCY 10 SHARED DISPOSITIVE POWER
938,050 shares**
- --------- ----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
938,050 shares**
- --------- ----------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- --------- ----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.7%
- --------- ----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------- ----------------------------------------------------------------------
** Includes shares owned beneficially by other registered persons but
omits certain shares owned by certain group members. See Item 5. ITEM
<PAGE> 7
1. SECURITY AND ISSUER
This Amendment No. 5 to Schedule 13D relates to the Common
Stock, par value $.01 per share (the "Common Stock"), issued by Seaman Furniture
Company, Inc., a Delaware corporation (the "Company").
This Amendment to Schedule 13D is being filed pursuant to
Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules
and regulations promulgated thereunder (the "Exchange Act"). This Amendment
further amends a Schedule 13D, dated April 22, 1993, as previously amended by
Amendment No. 1, dated January 4, 1994, Amendment No. 2, dated May 18, 1994,
Amendment No. 3, dated June 14, 1996, and Amendment No. 4, dated July 8,
1997(the "Original Schedule 13D").
Except as amended hereby, the responses in the Original
Schedule 13D remain unchanged.
ITEM 4. PURPOSE OF TRANSACTION
Item 4 is hereby amended and supplemented by inserting at the
end thereof the following:
The Reporting Persons, together with the Participating Funds, have formed SFC
Merger Company, a Delaware corporation ("Newco"), solely for the purpose of
acquiring approximately 20% of the Company's outstanding Common Stock not
already owned by the foregoing persons (the "Public Stock"), and have caused
Newco, as its sole stockholders, to enter into a definitive merger agreement on
August 13, 1997, to purchase, through a one-step merger transaction, the Public
Stock for $25.05 per share. Consummation of the transaction is subject to
certain conditions, including among other things, obtaining acceptable
financing.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
Item 6 is hereby amended and supplemented by inserting at the
end thereof the following:
The response to Item 4 is incorporated herein by this
reference.
7
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The Reporting Persons, together with the Participating Funds,
as the sole stockholders of Newco, have caused Newco to enter into a definitive
merger agreement with the Company in connection with the transaction described
in Item 4.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
1. Merger Agreement, between Newco and the Company, is
incorporated herein by reference to the Company's Current Report on Form 8-K,
dated the date hereof.
SIGNATURES
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: August 14, 1997
CARL MARKS STRATEGIC INVESTMENTS, L.P.
By: Carl Marks Management Company, L.P.,
General Partner
By:____________________________________
, a General Partner
CARL MARKS STRATEGIC INVESTMENTS II, L.P.
By: Carl Marks Management Company, L.P.,
General Partner
By:____________________________________
, a General Partner
CARL MARKS MANAGEMENT COMPANY, L.P.
By:____________________________________
, a General Partner
_______________________________________
ANDREW M. BOAS
_______________________________________
ROBERT C. RUOCCO
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