SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 23)*
AEP Industries, Inc.
(Name of Issuer)
Common
(Title of Class of Securities)
001031103
(CUSIP Number)
William Ehrman
EGS Partners, L.L.C., 350 Park Ave., 11th Fl.,
New York, NY 10022 212-755-9000
(Name, address and telephone number of person
authorized to receive notices and communications)
September 4, 1998
(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
five percent or less 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 the disclosures provided in a prior cover
page.
The information required in the remainder of this cover page shall
not be deemed to be "filed" for purposes 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 21 PAGES
<PAGE>
13D
CUSIP No. 001031103
- ------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
EGS Associates, L.P.
- ------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP**
(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
- ------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
SHARES -0-
- ------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 265,637
- ------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
265,637
- ------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
265,637
- ------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES** / /
- ------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
3.65%
- ------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON**
PN
- ------------------------------------------------------------------------
**SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 2 OF 21 PAGES
<PAGE>
13D
CUSIP No. 001031103
- ------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
EGS Partners, L.L.C.
- ------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP**
(a) / /
(b) /x/
- ------------------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------------------
(4) SOURCE OF FUNDS**
OO
- ------------------------------------------------------------------------
(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
- ------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
SHARES -0-
- ------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 620,253
- ------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
622,625
- ------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
622,625
- ------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES** / /
- ------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
8.56%
- ------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON**
IA
- ------------------------------------------------------------------------
**SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 3 OF 21 PAGES
<PAGE>
13D
CUSIP No. 001031103
- ------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Bev Partners, L.P.
- ------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP**
(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
- ------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
SHARES -0-
- ------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 94,557
- ------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
94,557
- ------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
94,557
- ------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES** / /
- ------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
1.30%
- ------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON**
PN
- ------------------------------------------------------------------------
**SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 4 OF 21 PAGES
<PAGE>
13D
CUSIP No. 001031103
- ------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Jonas Partners, L.P.
- ------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP**
(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
- ------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
SHARES -0-
- ------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 20,883
- ------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
20,883
- ------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
20,883
- ------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES** / /
- ------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
.29%
- ------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON**
PN
- ------------------------------------------------------------------------
**SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 5 OF 21 PAGES
<PAGE>
13D
CUSIP No. 001031103
- ------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
William Ehrman
- ------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP**
(a) / /
(b) /x/
- ------------------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------------------
(4) SOURCE OF FUNDS**
AF PF OO
- ------------------------------------------------------------------------
(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
- ------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
SHARES 47,056
- ------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 1,001,332
- ------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING 47,056
- ------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,042,826
- ------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,089,882
- ------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES** / /
- ------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
14.98%
- ------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON**
IN
- ------------------------------------------------------------------------
**SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 6 OF 21 PAGES
<PAGE>
13D
CUSIP No. 001031103
- ------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Frederic Greenberg
- ------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP**
(a) / /
(b) /x/
- ------------------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------------------
(4) SOURCE OF FUNDS**
AF PF OO
- ------------------------------------------------------------------------
(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
- ------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
SHARES 5,902
- ------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 1,001,332
- ------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING 5,902
- ------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,004,504
- ------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,010,406
- ------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES** / /
- ------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
13.88%
- ------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON**
IN
- ------------------------------------------------------------------------
**SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 7 OF 21 PAGES
<PAGE>
13D
CUSIP No. 001031103
- ------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Frederick Ketcher
- ------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP**
(a) / /
(b) /x/
- ------------------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------------------
(4) SOURCE OF FUNDS**
AF PF OO
- ------------------------------------------------------------------------
(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
- ------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
SHARES 5,802
- ------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 1,001,332
- ------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING 5,802
- ------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,003,704
- ------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,009,506
- ------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES** / /
- ------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
13.87%
- ------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON**
IN
- ------------------------------------------------------------------------
**SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 8 OF 21 PAGES
<PAGE>
13D
CUSIP No. 001031103
- ------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Jonas Gerstl
- ------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP**
(a) / /
(b) /x/
- ------------------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------------------
(4) SOURCE OF FUNDS**
AF OO
- ------------------------------------------------------------------------
(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
- ------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
SHARES -0-
- ------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 1,001,332
- ------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,003,704
- ------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,003,704
- ------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES** / /
- ------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
13.79%
- ------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON**
IN
- ------------------------------------------------------------------------
**SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 9 OF 21 PAGES
<PAGE>
13D
CUSIP No. 001031103
- ------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
James McLaren
- ------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP**
(a) / /
(b) /x/
- ------------------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------------------
(4) SOURCE OF FUNDS**
AF OO
- ------------------------------------------------------------------------
(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
- ------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
SHARES 1,000
- ------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 1,001,332
- ------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING 1,000
- ------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,003,704
- ------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,004,704
- ------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES** / /
- ------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
13.81%
- ------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON**
IN
- ------------------------------------------------------------------------
**SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 10 OF 21 PAGES
<PAGE>
13D
CUSIP No. 001031103
- ------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
William D. Lautman
- ------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP**
(a) / /
(b) /x/
- ------------------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------------------
(4) SOURCE OF FUNDS**
AF OO
- ------------------------------------------------------------------------
(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
- ------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
SHARES -0-
- ------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 1,001,332
- ------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,003,704
- ------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,003,704
- ------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES** / /
- ------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
13.79%
- ------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON**
IN
- ------------------------------------------------------------------------
**SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 11 OF 21 PAGES
<PAGE>
The Schedule 13D, initially filed on March 30, 1990, as amended, of
(i) EGS Associates, L.P., a Delaware limited partnership ("EGS
Associates"), (ii) EGS Partners, L.L.C., a Delaware limited liability
company ("EGS Partners"), (iii) Bev Partners, L.P., a Delaware limited
partnership ("Bev Partners"), (iv) Jonas Partners, L.P., a Delaware
limited partnership ("Jonas Partners"), (v) William Ehrman, (vi)
Frederic Greenberg, (vii) Frederick Ketcher, and (viii) Jonas Gerstl and
(ix) James McLaren, relating to the common stock, $0.01 par value per
share (the "Common Stock") issued by AEP Industries, Inc. (the
"Company"), is hereby amended by this Amendment No. 23 to the Schedule
13D as follows:
The third paragraph of Item 3 of Amendment #22 is hereby corrected
as follows:
The net investment cost (excluding commissions, if any) of the
shares of Common Stock owned directly by Mr. Ehrman and his immediate
family (including his brother and his brother's wife), is approximately
$1,959,557.
Item 3 is hereby amended and restated in its entirety as follows:
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The net investment cost (including commissions, if any) of the
shares of Common Stock beneficially owned by EGS Associates, EGS
Partners (exclusive of shares beneficially owned by EGS Overseas), EGS
Overseas, BEV Partners and Jonas Partners is approximately $4,298,889,
$14,988,125, $3,142, $1,015,630 and $326,731, respectively.
The net investment cost (excluding commissions, if any) of the
shares of Common Stock owned directly by Mr. Greenberg, and by members
of his immediate family, is approximately $60,011.
The net investment cost (excluding commissions, if any) of the
shares of Common Stock owned directly by Mr. Ehrman and his immediate
family (including his brother and his brother's wife), is approximately
$1,941,469.
The net investment cost (excluding commissions, if any) of the
shares of Common Stock owned directly by Mr. Ketcher, is approximately
$44,130.
The shares of Common Stock purchased by EGS Associates, Bev
Partners and Jonas Partners were purchased with their investment capital
(see Item 5(v)), and the shares of Common Stock purchased by EGS
Partners were purchased with investment capital of the respective
discretionary accounts under management of EGS Partners (the "Managed
Accounts"). The shares of Common Stock purchased by Mr. Ehrman were
purchased with personal funds, trust funds, or the funds of members of
his immediate family.
PAGE 12 OF 21 PAGES
<PAGE>
The shares of Common Stock beneficially owned by EGS Associates,
EGS Partners (excluding EGS Overseas), EGS Overseas, Bev Partners and
Jonas Partners are held in their respective commingled margin accounts,
or in the case of EGS Partners, in margin and non-margin accounts held
by each discretionary account under its management. Such margin
accounts are maintained at NationsBanc Montgomery Securities, and may
from time to time have debit balances. Non-margin accounts are
maintained at Bankers Trust Company. Since other securities are held in
such margin accounts, it is not possible to determine the amounts, if
any, of margin used with respect to the shares of Common Stock
purchased. The shares owned by Mr. Greenberg are held in his IRA
account maintained at NationsBanc Montgomery Securities and in margin
accounts maintained at Goldman, Sachs & Co., or are beneficially owned
by members of his immediate family. The shares owned by Mr. Ketcher are
held in his various accounts maintained at NationsBanc Montgomery
Securities. The shares owned by Mr. Ehrman are held in accounts
maintained at NationsBanc Montgomery Securities, or are beneficially
owned by members of his immediate family (including his brother and his
brother's wife). Currently, the interest rate charged on such various
margin accounts is approximately 7.75% per annum.
Item 5 is hereby amended and restated in its entirety as follows:
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
The approximate aggregate percentage of shares of Common Stock
reported beneficially owned by each person herein is based on 7,277,701
shares outstanding, which is the total number of shares of Common Stock
outstanding as of September 1, 1998, as reflected in the company's
report on Form 10-Q filed with the Securities and Exchange Commission
(the "Commission") for the period ended July 31, 1998 (which is the most
recent Form 10-Q on file).
As of the close of business on September 15, 1998:
(i) EGS Associates owns beneficially 265,637 shares of Common
Stock, constituting approximately 3.65% of the shares outstanding.
(ii) EGS Partners owns directly no shares of Common Stock. By
reason of the provisions of Rule 13D-3 of the Securities Exchange Act of
1934, as amended (the "Act"), EGS Partners may be deemed to own
beneficially 622,211 shares (constituting approximately 8.55% of the
shares outstanding), purchased for discretionary accounts managed by it,
other than EGS Overseas, and 414 shares of Common Stock purchased for
EGS Overseas (constituting approximately .01% of the shares
outstanding), which, when aggregated, total 622,625 shares of Common
Stock, constituting approximately 8.56% of the shares outstanding.
(iii) Bev Partners owns beneficially 94,557 shares of Common Stock,
constituting approximately 1.30% of the shares outstanding.
PAGE 13 OF 21 PAGES
<PAGE>
(iv) Jonas Partners owns 20,883 shares of Common Stock,
constituting less than 1% of the shares outstanding.
(v) Mr. Ehrman owns directly, and beneficially through ownership
by members of his immediate family (including his brother and his
brother's wife), 86,178 shares of Common Stock, constituting
approximately 1.18% of the shares outstanding.
(vi) Mr. Greenberg owns directly, and beneficially through
ownership by members of his immediate family, 6,702 shares of Common
Stock, constituting less than 1% of the shares outstanding.
(vii) Mr. Ketcher owns directly 5,802 shares of Common Stock,
constituting less than 1% of the shares outstanding.
(viii) Mr. McLaren owns directly 1,000 shares of Common Stock,
constituting less than 1% of the shares outstanding.
(viii) Messrs. Gerstl and Lautman own directly no shares of Common
Stock.
By reason of the provisions of Rule 13D-3 of the Act, each of the
General Partners may be deemed to own the 265,637 shares beneficially
owned by EGS Associates, the 622,625 shares beneficially owned by EGS
Partners, the 94,557 shares beneficially owned by Bev Partners and the
20,883 shares beneficially owned by Jonas Partners. When the shares
beneficially owned by EGS Associates, EGS Partners, Bev Partners, and
Jonas Partners are aggregated, they total 1,003,704 shares of Common
Stock, constituting approximately 13.79% of the shares outstanding.
(ix) In the aggregate, the Reporting Persons beneficially own a
total of 1,103,384 shares of Common Stock, constituting approximately
15.18% of the shares outstanding.
(b) (i) Each of EGS Associates, EGS Partners (with respect to
shares of EGS Overseas and other discretionary accounts), Bev Partners
and Jonas Partners has the power to vote and to dispose of the shares of
Common Stock beneficially owned by it, which power may be exercised by
the General Partners. Over one such discretionary account, however, EGS
Partners does not have voting authority. Each of EGS Overseas and the
discretionary accounts is a party to an investment management agreement
with EGS Partners pursuant to which EGS Partners has investment
authority with respect to securities held in such account.
(ii) Each Reporting Person that is an individual has the sole
power to vote and dispose of the shares owned directly by him. Mr.
Greenberg has no power to vote and shared power to dispose of shares
owned by members of his immediate family. Mr. Ehrman has no power to
vote and shared power to dispose of shares owned by members of his
immediate family (including his brother and his brother's wife).
PAGE 14 OF 21 PAGES
<PAGE>
(c) The trading dates, number of shares of Common Stock purchased
or sold and price per share for all transactions in the Common Stock
from the 60th day prior to September 4th until September 15th, 1998 by
Mr. Ehrman, EGS Associates, EGS Partners, (excluding EGS Overseas), Bev
Partners, and Jonas Partners are set forth in Schedules A, B, C, D, and
E, respectively. All such transactions were effected in the over-the-
counter market. During such period, EGS Overseas, and Messrs.
Greenberg, Ketcher, Gerstl, McLaren and Lautman did not enter into any
transactions in the Common Stock.
(d) No person other than each respective record owner referred to
herein of shares of Common Stock is known to have the right to receive
or the power to direct the receipt of dividends from or the proceeds of
sale of such shares of Common Stock.
PAGE 15 OF 21 PAGES
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of our knowledge and
belief, the undersigned certify that the information set forth in this
statement is true, complete and correct.
DATED: -------------------- /s/------------------------------------
William Ehrman, individually, as
member of EGS PARTNERS, L.L.C., and as
general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS, L.P.
and JONAS PARTNERS, L.P.
/s/------------------------------------
Frederic Greenberg, individually, as
member of EGS PARTNERS, L.L.C., and
as general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS, L.P.
and JONAS PARTNERS, L.P.
/s/------------------------------------
Frederick Ketcher, individually, as
member of EGS PARTNERS, L.L.C. and as
general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS, L.P.
and JONAS PARTNERS, L.P.
/s/------------------------------------
Jonas Gerstl, individually, as member
of EGS PARTNERS, L.L.C., and as
general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS, L.P.
and JONAS PARTNERS, L.P.
/s/------------------------------------
James McLaren, individually, as member
of EGS PARTNERS, L.L.C., and as
general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS, L.P.
and JONAS PARTNERS, L.P.
/s/------------------------------------
William D. Lautman, individually, as
member of EGS PARTNERS, L.L.C., and as
general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS, L.P.
and JONAS PARTNERS, L.P.
PAGE 16 OF 21 PAGES
<PAGE>
Schedule A
William Ehrman
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
8/25/98 (800)* Transfer
_______________________
* Shares previously held in an account for the benefit of Mr. Ehrman's
brother.
PAGE 17 OF 21 PAGES
<PAGE>
Schedule B
EGS Associates, L.P.
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
07/07/98 600 22.20
07/08/98 200 22.07
07/09/98 300 22.07
07/13/98 1,700 21.36
07/15/98 600 21.00
07/17/98 1,000 21.56
07/21/98 400 21.57
07/23/98 200 21.57
07/24/98 200 21.57
07/27/98 600 21.15
08/03/98 700 21.03
08/04/98 300 20.51
08/04/98 500 21.06
08/05/98 742 19.08
08/06/98 600 18.61
08/10/98 500 18.32
08/11/98 1,485 17.22
08/12/98 947 17.12
08/12/98 538 17.02
08/13/98 563 17.06
08/14/98 965 17.05
08/17/98 127 16.81
08/17/98 486 17.25
08/18/98 483 17.09
08/18/98 432 17.13
08/19/98 300 17.20
08/20/98 1,000 17.06
08/24/98 563 16.96
08/24/98 102 17.06
08/25/98 406 16.94
08/25/98 100 16.94
08/26/98 940 16.76
08/27/98 1,305 16.17
08/27/98 256 16.19
08/31/98 1,300 16.50
09/01/98 457 16.31
09/04/98 15,960 15.56
09/04/98 985 16.14
09/08/98 186 16.42
09/09/98 1,930 16.13
PAGE 18 OF 21 PAGES
<PAGE>
Schedule C
EGS Partners, L.L.C.
(Excluding EGS Overseas Fund, Ltd.)
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
07/10/98 400 22.07
07/16/98 700 21.57
07/17/98 200 21.57
07/28/98 400 21.20
07/29/98 600 20.95
07/30/98 800 21.04
07/31/98 1,100 21.25
08/05/98 1,909 19.08
08/07/98 1,000 18.86
08/11/98 3,816 17.22
08/12/98 2,435 17.12
08/12/98 1,381 17.02
08/13/98 1,448 17.06
08/14/98 2,508 17.05
08/17/98 330 16.81
08/17/98 1,251 17.25
08/18/98 1,254 17.09
08/18/98 1,122 17.13
08/24/98 1,448 16.96
08/24/98 264 17.06
08/25/98 1,056 16.94
08/26/98 2,442 16.76
08/27/98 3,356 16.17
08/27/98 658 16.19
08/31/98 1,600 16.50
09/01/98 1,188 16.31
09/02/98 900 16.38
09/03/98 500 16.27
09/04/98 38,520 15.56
09/04/98 2,375 16.14
09/08/98 450 16.42
09/09/98 5,015 16.13
09/10/98 5,000 16.25
09/11/98 400 18.01
09/14/98 1,300 9.94
09/15/98 1,200 20.65
PAGE 19 OF 21 PAGES
<PAGE>
Schedule D
Bev Partners, L.P.
Transactions in the Common Stock
Price Per Share
Date of Number of (excluding
Transaction Shares Purchased/(Sold) Commissions, if any)
08/05/98 249 19.08
08/11/98 499 17.22
08/12/98 318 17.12
08/12/98 181 17.02
08/13/98 189 17.06
08/14/98 327 17.05
08/17/98 43 16.81
08/17/98 163 17.25
08/18/98 163 17.09
08/18/98 146 17.13
08/21/98 1,000 16.92
08/24/98 189 16.96
08/24/98 34 17.06
08/25/98 138 16.94
08/26/98 318 16.76
08/27/98 439 16.17
08/27/98 86 16.19
09/01/98 155 16.31
09/04/98 5,520 15.56
09/04/98 340 16.14
09/08/98 64 16.42
09/09/98 500 16.07
09/09/98 655 16.13
09/10/98 200 16.45
PAGE 20 OF 21 PAGES
<PAGE>
Schedule E
Jonas Partners, L.P.
Transactions in the Common Stock
Price Per Share
Date of Number of (excluding
Transaction Shares Purchased/(Sold) Commissions, if any)
8/11/98 500 17.32
PAGE 21 OF 21 PAGES
<PAGE>
