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SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. __________)*
AMWEST INSURANCE GROUP, INC.
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(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
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(Title of Class of Securities)
032345100
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(CUSIP Number)
MICHAEL B. KLEIN
1475 TERMINAL WAY, SUITE E
RENO, NEVADA 89502
(775) 720-2488
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
SEPTEMBER 22, 2000
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(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box: [X].
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 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 page shall not be deemed to be
"filed" for the purpose of Section 18 of the Securities Exchange Act of 1934
("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP NO. 032345100
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
MICHAEL B. KLEIN, PACIFICOR, INC.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
NOT APPLICABLE
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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7 SOLE VOTING POWER
NUMBER OF
SHARES 251,400
BENEFICIALLY -----------------------------------------------------------
OWNED BY EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH -0-
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9 SOLE DISPOSITIVE POWER
251,400
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10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
251,400
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.8%(1)
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14 TYPE OF REPORTING PERSON*
IN, CO
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(1) BASED ON 4,322,555 SHARES OF AMWEST INSURANCE GROUP, INC. COMMON STOCK
OUTSTANDING AS OF AUGUST 10, 2000, AS REPORTED IN AMWEST INSURANCE GROUP,
INC.'S FORM 10-Q FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON AUGUST
14, 2000.
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ITEM 1. SECURITY AND ISSUER.
This statement relates to the beneficial ownership of 251,400
shares of common stock, par value $.01 per share ("Amwest Common Stock"), of
Amwest Insurance Group, Inc., a Delaware corporation ("Amwest"). The principal
executive offices of Amwest are located at 5230 Las Virgenes Road, Calabasas,
California 91302.
ITEM 2. IDENTITY AND BACKGROUND.
This statement is being filed on behalf of Pacificor, Inc., a
Delaware corporation, and Michael B. Klein, an individual.
(a) Name: Pacificor, Inc. and Michael B. Klein.
(b) Business address: 1475 Terminal Way, Suite E, Reno, NV 89502.
(c) Mr. Klein's address is 1475 Terminal Way, Suite E, Reno, NV
89502. The principal business of Pacificor, Inc. is to invest in and
manage other businesses. The principal business address of Pacificor,
Inc. is 1475 Terminal Way, Suite E, Reno, Nevada 89502.
(d) During the past five years, Mr. Klein has not been convicted in
a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the past five years, Mr. Klein has not 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.
(f) Mr. Klein is a United States citizen.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Bonds.com, Inc., a newly-formed corporation owned and controlled by
Mr. Klein, was seeking to obtain equity financing from a nationally-recognized
venture capital firm in an amount expected to exceed $20 million if the proposal
discussed below in Item 4 was accepted.
ITEM 4. PURPOSE OF TRANSACTION.
On September 22, 2000, Bonds.com, Inc. presented a confidential
written proposal to Amwest Insurance Group, Inc. offering its public
shareholders a $6.00 cash price per share, subject to certain conditions.
Neither Amwest Insurance Group, Inc. nor Bond.com, Inc. is pursuing this
proposal at this time. No agreements or understandings were ever reached between
Pacificor, Inc. and Bonds.com, Inc. Neither Mr. Klein nor Pacificor has any
current further intention to either acquire additional securities of Amwest
Insurance Group or to change or influence the control of Amwest Insurance Group.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) Pacificor beneficially owns 251,400 shares of Amwest
Common Stock, representing approximately 5.8% of the outstanding
shares of Amwest Common
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Stock, based on 4,322,555 shares of Amwest Common Stock outstanding
as of August 10, 2000 as reported in Amwest's 10-Q filed with the
Securities and Exchange Commission on August 14, 2000.
(b) The shares of Amwest Common Stock are held by Pacificor,
Inc.. Mr. Klein is the principal stockholder of Pacificor, Inc. and
Chief Executive Officer of Pacificor, Inc. and in such capacity may
be deemed to have the power to direct the voting and disposition
of, and to share beneficial ownership of, any shares of Amwest
Common Stock beneficially owned by Pacificor, Inc. Mr. Klein
disclaims beneficial ownership of the shares of Amwest Common Stock
held by Pacificor.
(c) From August 23, 2000 to September 11, 2000, Pacificor,
Inc. sold 28,700 shares of Amwest Common Stock in public sales on
the American Stock Exchange at prices ranging from $4.6875 to
$4.8125 per share for an aggregate amount of $136,206.25.
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
Bonds.com, Inc. and Pacificor, Inc. are both owned and controlled
by Michael Klein. There are no other contracts, arrangements or understandings
between Bonds.com, Inc. and Pacificor, Inc.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 1 Letter dated September 22, 2000 from Bonds.com, Inc. to
Amwest Insurance Group, Inc. proposing to acquire the
publicly-held shares of Amwest Insurance Group, Inc..
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, the
undersigned each certifies that the information set forth in this statement is
true, complete and correct.
Dated: October 2, 2000 By: /s/ Michael B. Klein
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Michael B. Klein
Pacificor, Inc.
Dated: October 2, 2000 By: /s/ Michael B. Klein
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Michael B. Klein
Chief Executive Officer
