UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 6)
SEAMAN FURNITURE COMPANY, INC.
(Name of Issuer)
CLASS A COMMON STOCK
CLASS B COMMON STOCK
(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)
December 23, 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 10 pages
<PAGE>
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CUSIP No. 812163-30-1 Page 2 of 10 Pages
------------ --- ------
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- ------------ -------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Carl Marks Strategic Investments, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(E) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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SOLE VOTING POWER
NUMBER OF 7 36,026 shares-Class A; 102,534 shares-Class
B**
-------- ---------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
-------- ---------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 36,026 shares-Class A; 102,534 shares-Class B
-------- ---------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- ------------ -------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
36,026 shares-Class A; 102,534 shares-Class B **
- ------------ -------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- ------------ -------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.2%(each Class)
- ------------ -------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
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** Includes shares owned beneficially by other registered persons but omits
certain shares owned by certain group members. See Item 5.
<PAGE>
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CUSIP No. 812163-30-1 Page 3 of 10 Pages
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NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 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
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SOLE VOTING POWER
NUMBER OF 7 15,469 shares-Class A; 44,028 shares-Class
B**
-------- ---------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
-------- ---------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 15,469 shares-Class A; 44,028 shares-Class
B**
-------- ---------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- ------------ -------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,469 shares-Class A; 44,028 shares-Class B**
- ------------ -------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- ------------ -------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.4%(each Class)
- ------------ -------------------------------------------------------------------
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>
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CUSIP No. 812163-30-1 Page 4 of 10 Pages
------------ --- ------
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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 51,495 shares-Class A; 146,562 shares-Class
B**
-------- ---------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED -0-
-------- ---------------------------------------------
BY 9 SOLE DISPOSITIVE POWER
EACH
REPORTING 51,495 shares-Class A; 146,562 shares-Class
AGENCY B **
-------- ---------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- ------------ -------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
51,495 shares-Class A; 146,562 shares-Class B **
- ------------ -------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- ------------ -------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
24.6%(each Class)
- ------------ -------------------------------------------------------------------
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>
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CUSIP No. 812163-30-1 Page 5 of 10 Pages
------------ --- ------
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Andrew M. Boas
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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.
- ------------ -------------------------------------------------------------------
SOLE VOTING POWER
NUMBER OF 7 -0-
-------- ---------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED 54,199 shares-Class A; 154,258 shares-Class
B**
-------- ---------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0-
-------- ---------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH 54,199 shares-Class A; 154,258 shares-Class
B **
- ------------ -------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
54,199 shares-Class A; 154,258 shares-Class B **
- ------------ -------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- ------------ -------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
25.8% (each Class)
- ------------ -------------------------------------------------------------------
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>
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CUSIP No. 812163-30-1 Page 6 of 10 Pages
------------ --- ------
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert C. Ruocco
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) |_|
- --------- ----------------------------------------------------------------------
3 SEC USE ONLY
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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 54,199 shares-Class A; 154,258 shares-Class B **
-------- ------------------------------------------------
BY 9 SOLE DISPOSITIVE POWER
EACH
REPORTING -0-
AGENCY -------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
54,199 shares-Class A; 154,258 shares-Class B **
- --------- ----------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
54,199 shares-Class A; 154,258 shares-Class B **
- --------- ----------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
- --------- ----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
25.8% (each Class)
- --------- ----------------------------------------------------------------------
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>
Item 1. Security and Issuer
This Amendment No. 6 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, Amendment No. 4, dated July 8, 1997, and
Amendment No. 5, dated August 13,1997 (as amended, the "Original Schedule 13D").
Except as amended hereby, the responses in the Original
Schedule 13D remain unchanged.
Item 3. Source and Amount of Funds or Other Consideration
All shares of Common Stock held by the Reporting Persons were exchanged
pursuant to the Agreement and Plan of Merger dated as of August 13, 1997, as
amended on September 4, 1997 (the "Merger Agreement"), by and between the
Company and SFC Merger Company, a Delaware corporation ("Newco"), a copy of
which was previously filed with the Securities and Exchange Commission in
connection with the merger and is herein incorporated by reference. The
Reporting Persons, together with T. Rowe Price and M.D. Sass (collectively, the
"Participating Funds"), formed Newco solely for the purpose of acquiring
approximately 20% of the Company's outstanding Common Stock not already owned by
the foregoing persons through a one-step merger transaction. The Reporting
Persons contributed 938,050 shares (approximately 20.7% of the total issued and
outstanding shares) of Company Common Stock to Newco as the subscription price
for shares of Newco common stock. In exchange for such Company Common Stock, the
Reporting Persons received a total of 54,199 shares of Class A common stock of
Newco ("Newco Class A Common Stock"), and 154,258 shares of Class B common stock
of Newco ("Newco Class B Common Stock").. Upon consummation of the merger in
which the Company was the surviving company (the "Surviving Company"), each
share of Newco Class A Common Stock was converted into one share of Class A
Common Stock of the Surviving Company (the "Class A Common") and each share of
Newco Class B Common Stock was converted into one share of Class B Common Stock
of the Surviving Company (the "Class B Common"). All stockholders of the Company
7
<PAGE>
other than Newco were entitled to receive in the merger $25.05 per share of
Common Stock in cash.
Item 4. Purpose of Transaction
The response to Item 3 is incorporated herein by this reference. The
Common Stock was acquired in connection with the merger and as further described
in the Participating Funds' filing on Schedule 13-E filed with the Commission on
September 5, 1997, as amended and supplemented by Amendment No. 1 thereto filed
on October 27, 1997, and Amendment No. 2 thereto filed on November 18, 1997.
Item 5. Interest in Securities of the Issuer
The responses to Items 3 and 4 are incorporated herein by this
reference.
As a result of the merger, the Reporting Persons beneficially own the
amounts of Class A Common and Class B Common respectively indicated below.
(a) As of the date hereof, the Partnership owned beneficially 36,026 shares of
Class A Common and 102,534 chares of Class B Common, constituting approximately
17.2% of the outstanding shares of each class. In its capacity as general
partner of the Partnership, such shares may be deemed also owned beneficially by
the General Partner and, in their capacity as general partners of the General
Partner, by Messrs. Boas and Ruocco.
As of the date hereof, Partnership II owned beneficially
15,469 shares of Class A Common and 44,028 shares of Class B Common,
constituting approximately 7.4% of the outstanding shares of each class. In its
capacity as general partner of Partnership II, such shares may be deemed also
owned beneficially by the General Partner and, in their capacity as general
partners of the General Partner, by Messrs. Boas and Ruocco.
As of the date hereof, the Account owned beneficially 2,704
shares of Class A Common and 7,696 shares of Class B Common, constituting
approximately 1.3% of the outstanding shares of each class, which shares may be
deemed also owned beneficially by the Manager in its capacity as investment
manager for the Account and, in their capacity as executive officers of the
Manager, by Messrs. Boas and Ruocco.
By reason of the foregoing, as of the date hereof the
Reporting Persons owned beneficially the following respective aggregate amounts
and approximate percentages of the outstanding shares of Common Stock:(i) the
Partnership, 36,026 shares of Class A and 102,534 shares of Class B (17.2%);
(ii) Partnership
8
<PAGE>
II, 15,469 shares of Class A and 44,028 shares of Class B (7.4%); (iii) the
General Partner, 51,495 shares of Class A and 146,562 shares of Class B (24.6%);
and (iv) each of Messrs. Boas and Ruocco, 54,199 shares of Class A and 154,258
shares of Class B (25.8%).
To the knowledge of the Reporting Persons, (i) the remaining shares of
Class A Common and Class B Common are held by the other Participating Funds; and
(ii) members of senior management of the Surviving Company, including Alan
Rosenberg, Steven Halper and Peter McGeough (the "Participating Executives"),
have options to purchase up to 16% of the Class A Common and the Class B Common
on a fully diluted basis.
The Reporting Persons disclaim the existence of a "group" with any
other persons with regard to any matter other than the merger. This Schedule 13D
is filed solely on behalf of the Reporting Persons and not with respect to any
of the other Participating Funds or Participating Executives.
Except as disclosed in this Schedule 13D, neither the Reporting Persons
nor, to their knowledge, any of the persons identified in Item 2 hereto have
effected transactions in shares of Common Stock during the preceding 60 days.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect
to Securities of the Issuer
The responses to Items 3 and 4 are incorporated herein by this
reference.
Item 7. Material to be Filed as Exhibits
Exhibit 1. Agreement and Plan of Merger, dated as of August 13, 1997 as
amended on September 4, 1997, by and between Newco and the Company (incorporated
by reference to Schedule 14A filed by the Company on November 18, 1997).
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: January 13, 1998
9
<PAGE>
CARL MARKS STRATEGIC INVESTMENTS, L.P.
By: Carl Marks Management Company, L.P.,
General Partner
By: /s/ Robert C. Ruocco , a General Partner
-------------------------------
CARL MARKS STRATEGIC INVESTMENTS II, L.P.
By: Carl Marks Management Company, L.P.,
General Partner
By: /s/ Robert C. Ruocco , a General Partner
-------------------------------
CARL MARKS MANAGEMENT COMPANY, L.P.
By: /s/ Robert C. Ruocco , a General Partner
-------------------------------
/s/ Andrew M. Boas
-------------------------------
ANDREW M. BOAS
/s/ Robert C. Ruocco
-------------------------------
ROBERT C. RUOCCO
10
