<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 25)*
AEP Industries Inc.
(Name of Issuer)
Common Stock
(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)
March 16, 2000
(Date of event which requires filing of this statement)
Page 1 of 31 Pages
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.d-1(g),
check the following box / /
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(b) 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) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
EGS Management, 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**
WC, 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 545,688
-----------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
-----------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
545,688
-----------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
545,688
-----------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES** / /
-----------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
7.3%
-----------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON**
OO
-----------------------------------------------------------------------------
**SEE INSTRUCTIONS BEFORE FILLING OUT!
2
<PAGE>
-----------------------------------------------------------------------------
(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 342,920
-----------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
-----------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
342,920
-----------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
342,920
-----------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES** / /
-----------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
4.6%
-----------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON**
PN
-----------------------------------------------------------------------------
**SEE INSTRUCTIONS BEFORE FILLING OUT!
3
<PAGE>
-----------------------------------------------------------------------------
(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 1,278,181
-----------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
-----------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,278,181
-----------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,278,181
-----------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES** / /
-----------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
17.0%
-----------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON**
IA
-----------------------------------------------------------------------------
**SEE INSTRUCTIONS BEFORE FILLING OUT!
4
<PAGE>
-----------------------------------------------------------------------------
(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 174,085
-----------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
-----------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
174,085
-----------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
174,085
-----------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES** / /
-----------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
2.3%
-----------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON**
PN
-----------------------------------------------------------------------------
**SEE INSTRUCTIONS BEFORE FILLING OUT!
5
<PAGE>
-----------------------------------------------------------------------------
(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 28,683
-----------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
-----------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
28,683
-----------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
28,683
-----------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES** / /
-----------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
.3%
-----------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON**
PN
-----------------------------------------------------------------------------
**SEE INSTRUCTIONS BEFORE FILLING OUT!
6
<PAGE>
-----------------------------------------------------------------------------
(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 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 42,556
-----------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 1,823,869
-----------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING 42,556
-----------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,823,869
-----------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,866,425
-----------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES** / /
-----------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
24.8%
-----------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON**
IN
-----------------------------------------------------------------------------
**SEE INSTRUCTIONS BEFORE FILLING OUT!
7
<PAGE>
-----------------------------------------------------------------------------
(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 6,702
-----------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 1,823,869
-----------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING 6,702
-----------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,823,869
-----------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,830,571
-----------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES** / /
-----------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
24.4%
-----------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON**
IN
-----------------------------------------------------------------------------
**SEE INSTRUCTIONS BEFORE FILLING OUT!
8
<PAGE>
------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Julia Oliver
------------------------------------------------------------------------------
(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 1,823,869
------------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
------------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,823,869
------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,823,869
------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES** / /
------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
24.3%
------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON**
IN
------------------------------------------------------------------------------
**SEE INSTRUCTIONS BEFORE FILLING OUT!
9
<PAGE>
------------------------------------------------------------------------------
(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 1,823,869
------------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
------------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,823,869
------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,823,869
------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES** / /
------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
24.3%
------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON**
IN
------------------------------------------------------------------------------
**SEE INSTRUCTIONS BEFORE FILLING OUT!
10
<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 New York limited partnership ("Jonas Partners"),
(v) William Ehrman, (vi) Frederic Greenberg, (vii) Jonas Gerstl, and
(viii) Julia Oliver, relating to the common stock, $0.01 par value per share
(the "Common Stock") issued by AEP Industries Inc. (the "Company"), is hereby
amended and restated by this Amendment No. 25 to the Schedule 13D as follows:
ITEM 1. SECURITY AND ISSUER.
This statement relates to the common stock (the "Common Stock"),issued by
AEP Industries Inc., a Delaware corporation (the "Company"), whose principal
executive offices are located at 125 Phillips Avenue, South Hackensack, New
Jersey 07606.
ITEM 2. IDENTITY AND BACKGROUND.
(a) This statement is filed by (i) EGS Associates, L.P., a
Delaware limited partnership ("EGS Associates"), with respect to shares of
Common Stock beneficially owned by it, (ii) EGS Partners, L.L.C., a Delaware
limited liability company ("EGS Partners"), with respect to shares of Common
Stock held in discretionary accounts managed by EGS Partners, (iii) Bev
Partners, L.P., a Delaware limited partnership ("Bev Partners"), with respect
to shares of Common Stock beneficially owned by it, (iv) Jonas Partners, L.P.,
a New York limited partnership ("Jonas Partners"), with respect to shares of
Common Stock beneficially owned by it, (v) William Ehrman, with respect to
shares of Common Stock beneficially owned by EGS Associates, EGS Partners, Bev
Partners and Jonas Partners; (vi) Frederic Greenberg, with respect to shares
of Common Stock beneficially owned by him, EGS Associates, EGS Partners, Bev
Partners and Jonas Partners; (vii) Julia Oliver, with respect to shares of
Common Stock beneficially owned by EGS Associates, EGS Partners, Bev Partners
and Jonas Partners,(viii) Jonas Gerstl, with respect to shares of Common Stock
beneficially owned by EGS Associates, EGS Partners, Bev Partners and Jonas
Partners; (ix) EGS Management, L.L.C., a Delaware limited liability company
("EGS Management") with respect to shares of Common Stock beneficially
owned by EGS Associates, BEV Partners and Jonas Partners. The foregoing
persons are hereinafter sometimes referred to collectively as the "Reporting
Persons". Any disclosures herein with respect to persons other than the
Reporting Persons are made on information and belief after making inquiry to
the appropriate party.
The members of each of EGS Management and EGS Partners are William
Ehrman, Frederic Greenberg, Julia Oliver, and Jonas Gerstl (collectively, the
"Managing Members").
As of February 11, 200, William Lautman is no longer associated with EGS
Management and EGS Partners.
11
<PAGE>
As of March 31, 2000, FK Investments, L.P. ceased be affiliated with EGS
Management and EGS Partners and the individual Reporting Persons ceased to
beneficially own the shares held by FK Investments.
(b) The address of the principal business and principal office of (i)
EGS Associates, EGS Management, EGS Partners, Bev Partners, Jonas Partners and
each of the Managing Members is 350 Park Avenue, 11th Floor, New York, New
York 10022.
(c) The principal business of each of EGS Associates, Bev Partners and
Jonas Partners is that of a private investment partnership, engaging in the
purchase and sale of securities for investment for its own account. The
principal business of EGS Partners is that of a registered investment adviser
under the Investment Advisers Act of 1940, as amended, engaging in the
purchase and sale of securities for investment on behalf of discretionary
accounts. The present principal occupations of the Managing Members are as
Managing Members of EGS Management and EGS Partners. The principal business of
EGS Management is to serve as general partner to certain private investment
partnerships.
(d) None of the persons referred to in paragraph (a) above has, during
the last five years, been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors).
(e) None of the persons referred to in paragraph (a) above has, during
the last five years, 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) Each of the individuals referred to in paragraph (a) above is a
United States citizen. EGS Associates and Bev Partners are Delaware limited
partnerships. Jonas Partners is a New York limited partnership. EGS Partners
and EGS Management are Delaware limited liability companies.
ITEM 3. Source and Amount of Funds and Other Consideration.
The net investment cost (including commissions, if any) of the Common
Stock beneficially owned by EGS Associates, EGS Partners, Bev Partners, Jonas
Partners, and EGS Management is approximately $10,993,755, $80,334,
$5,626010, $524,555 and 17,144,621, respectively. The net investment cost
(excluding commissions, if any) of the shares of Common Stock owned directly
by Mr. Greenberg is approximately $60,011.
Messrs. Ehrman and Ms. Oliver currently own directly no shares of Common
Stock.
The shares of Common Stock purchased by each of EGS Associates, Bev
12
<PAGE>
Partners and Jonas Partners were purchased with the investment capital of the
respective entities. The shares of Common Stock purchased by EGS Partners
were purchased with the investment capital of discretionary accounts under its
management. The shares of Common Stock purchased by Mr. Greenberg were
purchased with personal funds.
The shares of Common Stock beneficially owned by EGS Associates, EGS
Partners 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 Banc Of America Securities, LLC, and may
from time to time have debit balances. 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 accounts maintained at Goldman Sachs.
Currently, the interest rate charged on such various margin accounts is
approximately 7.75% per annum.
ITEM 4. PURPOSE OF THE TRANSACTION.
The purpose of the acquisition of the shares of the Common Stock by the
Reporting Persons was for investment. Each may dispose of any or all of the
shares of Common Stock held by it or him at any time.
None of the Reporting Persons has any plans or proposals which relate to,
or could result in, any of the matters referred to in paragraphs (b) through
(j), inclusive, of Item 4 of Schedule 13D. Such entities and persons may, at
any time and from time to time, review or reconsider their position with
respect to the Company, and formulate plans or proposals with respect to any
of such matters, but have no present intention of doing so.
ITEM 5. Interest in Securities of the Issuer.
(a) The approximate aggregate percentage of Common Stock reported
beneficially owned by each person herein is based on 7,525,006 shares
outstanding, which is the total number of shares of Common Stock outstanding
as of August 31, 2000, as reflected in the Company's quarterly report on Form
10-Q filed with the Securities and Exchange Commission (the "Commission") for
the fiscal quarter ended April 30, 2000.
As of the close of business on July 31, 2000:
(i) EGS Associates owns beneficially 579,585 shares of Common
Stock, constituting approximately 7.7% 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
5,661 shares, constituting less than 1% of the shares outstanding, purchased
for discretionary accounts managed by it.
13
<PAGE>
(iii) Bev Partners owns beneficially 321,634 shares of Common
Stock, constituting approximately 4.3% of the shares outstanding.
(iv) Jonas Partners owns beneficially 31,033 shares of Common
Stock, constituting less than 1% of the shares outstanding.
(v) Mr. Greenberg owns beneficially through ownership by himself,
6,702 shares of Common Stock, constituting less than 1% of the shares
outstanding.
(vii) Messrs. Ehrman and Gerstl and Ms. Oliver own directly no
shares of Common Stock.
(viii) EGS Management owns directly no shares of Common Stock. By
reason of provisions of Rule 13d-3 of the Act, EGS Management may be deemed to
own beneficially the 932,252 shares beneficially owned by EGS Associates, BEV
Partners and Jonas Partners.
By reason of the provisions of Rule 13D-3 of the Act, each of the
Managing Members may be deemed to own the 579,585 shares of Common Stock
beneficially owned by EGS Associates, the 5,661 shares beneficially owned
by EGS Partners, the 321,634 shares beneficially owned by Bev Partners and the
31,033 shares beneficially owned by Jonas Partners. When the shares
beneficially owned by EGS Associates, EGS Partners, EGS Management, Bev
Partners and Jonas Partners are aggregated, they total 937,913 shares of
Common Stock, constituting approximately 12.4% of the shares outstanding.
(ix) In the aggregate, the Reporting Persons own beneficially a
total of 944,615 shares of Common Stock, constituting approximately 12.6% of
the shares outstanding.
(b) Each of EGS Associates, EGS Partners, Bev Partners and Jonas Partners
has the power to vote on all of the shares of Common Stock and to dispose of
all of the shares of Common Stock beneficially owned by it, which power may be
exercised by the Managing Members. Discretionary accounts are 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.
The discretionary account is 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) Mr. Greenberg has sole power to vote 6,702 shares that he
personally owns.
(c) The trading dates, number of shares purchased or sold and price per
share for all transactions in the Common Stock from January 29, 2000 until
August 8, 2000 by EGS Associates, EGS Partners, Bev Partners and Jonas
Partners are set forth in Schedules A, B, C, and D, and, except as indicated,
14
<PAGE>
were all effected in the over-the-counter market. During such period, Messrs.
Ehrman Greenberg and Gerstl and Ms. Oliver did not enter into any transactions
in the Common Stock.
(d) No person other than each respective record owner of Common Stock
referred to herein 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 Common
Stock.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
Not applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
The following exhibit is being filed with this Schedule:
Exhibit 1 A written agreement relating to the filing of joint acquisition
statements as required by Rule 13D-1(f)(1) of the Act.
15
<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: November 10, 2000
/s/ William Ehrman
--------------------------------
William Ehrman, individually and as Managing
Member of EGS Management, L.L.C. on behalf
of EGS Management, L.L.C. and on behalf of
EGS ASSOCIATES, L.P., BEV PARTNERS, L.P.,
and JONAS PARTNERS, L.P., and as a member of
EGS PARTNERS, L.L.C.
/s/ Frederic Greenberg
--------------------------------
Frederic Greenberg, individually
/s/ Jonas Gerstl
--------------------------------
Jonas Gerstl, individually
/s/ Julia Oliver
--------------------------------
Julia Oliver, individually
16
<PAGE>
SCHEDULE A
----------
EGS Associates, L.P.
--------------------
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
------------------------------------------------------------------------
2/8/00 300 32.93
2/8/00 800 33.17
2/22/00 1,100 30.59
2/22/00 1,700 30.13
2/24/00 2,000 30.64
2/25/00 2,200 31.01
2/29/00 3,400 30.75
3/3/00 800 31.07
3/7/00 2,300 30.11
3/10/00 300 28.95
3/15/00 1,000 28.01
4/4/00 5,000 31.75
4/5/00 1,799 31.79
4/6/00 4,400 32.03
4/6/00 1,500 31.94
4/7/00 3,400 32.06
4/12/00 1,400 32.24
4/14/00 7,500 32.09
4/17/00 3,900 31.91
4/18/00 6,900 32.21
4/19/00 2,700 32.18
4/20/00 5,500 32.19
5/2/00 42,556 22.88
6/23/00 3,400 21.72
6/28/00 4,800 22.53
6/29/00 2,600 22.59
6/30/00 4,000 23.49
7/3/00 1,900 25.50
7/5/00 2,046 25.56
7/6/00 3,564 25.62
7/7/00 1,000 25.80
7/10/00 2,900 25.49
7/11/00 6,400 25.05
7/12/00 1,700 25.47
7/14/00 300 26.15
7/17/00 4,100 26.28
7/18/00 2,500 26.71
7/19/00 4,100 26.83
7/20/00 1,100 26.92
17
<PAGE>
7/21/00 300 26.96
7/24/00 1,400 26.92
7/25/00 2,100 26.87
7/26/00 8,600 26.66
7/27/00 100 27.05
7/28/00 500 26.90
7/31/00 2,100 26.68
8/1/00 6,400 26.61
8/2/00 1,300 27.06
8/3/00 6,600 26.42
8/4/00 2,200 27.06
8/8/00 300 27.20
8/9/00 1,200 27.31
8/15/00 1,400 29.84
8/17/00 6,600 29.87
8/18/00 1,000 29.83
8/23/00 3,300 29.73
8/24/00 5,700 29.66
8/29/00 2,800 29.75
8/30/00 3,000 29.51
9/5/00 3,600 29.59
9/6/00 15,600 28.75
9/8/00 1,500 30.79
9/11/00 3,100 32.15
9/13/00 5,300 32.21
9/14/00 2,200 32.77
9/19/00 4,500 32.99
9/20/00 1,300 33.03
9/21/00 4,000 33.22
9/22/00 4,800 32.99
9/25/00 900 33.38
18
<PAGE>
SCHEDULE B
----------
EGS Partners, L.L.C.
--------------------
(excluding EGS Overseas Fund Limited)
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
------------------------------------------------------------------------
2/8/00 25 33.17
2/22/00 100 30.13
3/7/00 100 30.11
3/15/00 100 28.01
4/4/00 100 31.75
4/14/00 200 32.09
4/17/00 100 31.91
4/18/00 100 32.21
4/20/00 100 32.19
6/30/00 500 23.49
9/6/00 1,200 28.75
9/20/00 100 33.03
9/21/00 100 33.22
9/25/00 100 33.38
19
<PAGE>
SCHEDULE C
----------
EGS Overseas Fund, Ltd.
-----------------------
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
------------------------------------------------------------------------
4/14/00 200 32.09
6/21/00 (714) 23.47
20
<PAGE>
SCHEDULE D
----------
Bev Partners, L.P.
------------------
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
------------------------------------------------------------------------
1/31/00 300 31.90
2/1/00 100 32.03
2/1/00 500 32.27
2/2/00 800 33.16
2/3/00 1,300 33.62
2/4/00 400 33.70
2/8/00 100 32.93
2/8/00 400 33.17
2/16/00 500 31.47
2/18/00 1,700 31.45
2/22/00 500 30.59
2/22/00 800 30.13
2/23/00 1,300 30.50
3/1/00 300 30.82
3/2/00 1,200 30.50
3/6/00 1,300 30.82
3/7/00 1,200 30.11
3/9/00 1,600 28.80
3/14/00 5,800 28.31
3/15/00 500 28.01
/16/00 3,400 28.03
3/17/00 1,100 28.02
3/20/00 300 28.07
3/22/00 800 28.36
3/30/00 500 31.07
3/31/00 800 31.49
4/3/00 400 32.04
4/4/00 2,600 31.75
4/13/00 700 32.30
4/14/00 3,900 32.09
4/17/00 2,000 31.91
4/18/00 3,600 32.21
4/19/00 1,400 32.18
4/20/00 2,800 32.19
6/16/00 2,000 18.34
6/19/00 300 18.41
6/20/00 700 19.72
6/21/00 800 23.48
6/22/00 2,200 22.81
21
<PAGE>
6/23/00 1,873 21.72
6/26/00 4,700 22.65
6/27/00 4,400 22.54
6/28/00 2,500 22.53
6/29/00 1,400 22.59
6/30/00 2,200 23.49
7/3/00 900 25.50
7/5/00 1,054 25.56
7/6/00 1,836 25.62
7/7/00 500 25.80
7/10/00 1,600 25.49
7/11/00 3,400 25.05
7/12/00 986 25.47
7/13/00 2,500 25.48
7/17/00 2,200 26.28
7/18/00 1,400 26.71
7/19/00 2,200 26.83
7/20/00 600 26.92
7/21/00 200 26.96
7/24/00 800 26.92
7/25/00 1,200 26.87
7/26/00 4,600 26.66
7/31/00 1,200 26.68
8/1/00 3,500 26.61
8/3/00 3,600 26.42
8/7/00 300 27.13
8/10/00 1,300 29.37
8/11/00 2,000 29.87
8/14/00 1,300 29.84
8/16/00 2,900 29.92
8/21/00 8,200 29.67
8/22/00 2,400 29.93
8/23/00 1,800 29.73
8/24/00 3,000 29.66
8/25/00 4,700 29.66
8/28/00 1,600 29.91
8/30/00 1,600 29.51
8/31/00 900 29.64
9/1/00 1,300 29.72
9/5/00 1,900 29.59
9/6/00 8,400 28.75
9/7/00 2,700 28.96
9/11/00 1,600 32.15
9/12/00 7,100 32.32
9/13/00 2,800 32.21
9/15/00 3,800 32.87
9/18/00 2,100 32.99
9/20/00 700 33.03
9/21/00 2,000 33.22
9/22/00 2,600 32.99
9/25/00 300 33.38
22
<PAGE>
SCHEDULE E
----------
Jonas Partners, L.P.
--------------------
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
------------------------------------------------------------------------
6/16/00 2,050 18.74
6/19/00 300 18.41
23
<PAGE>
SCHEDULE G
----------
William Ehrman
--------------------
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
------------------------------------------------------------------------
5/2/00 (42,556) 22.88
24
00126001.AI0
