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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. ________)*
AutoCorp Equities, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.001 par value
--------------------------------------------------------------------------------
(Title of Class of Securities)
052764206
------------------------------
(CUSIP Number)
Charles Norman
AutoCorp Equities, Inc.
911 W. Parker Road
Suite 306
Plano, Texas 75023
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
November 14, 2000
-------------------------------------------------------
(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
disclosures provided in a prior cover page.
The information required on the remainder of this cover 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).
<PAGE>
SCHEDULE 13D
------------------------ --------------------------
| CUSIP No. 052764206 | | PAGE 2 OF 15 PAGES |
------------------------ --------------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Pacific Financial Group, Inc. 51-0350769
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 Source Of Funds*
00
--------------------------------------------------------------------------------
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
0
NUMBER OF -----------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 1,612,083 shares of Series B Convertible Preferred Stock
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,612,083 shares of Series B Convertible Preferred Stock
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,612,083 shares of Series B Convertible Preferred Stock
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [ ]
EXCLUDES CERTAIN SHARES*
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
100%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 15 pages
<PAGE>
------------------------ --------------------------
| CUSIP No. 052764206 | | PAGE 3 OF 15 PAGES |
------------------------ --------------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Pacific USA Holdings Corp. 75-2255876
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 Source if Funds*
00
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS [ ]
IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF -----------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 1,612,083 shares of Series B Convertible Preferred Stock
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,612,083 shares of Series B Convertible Preferred Stock
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,612,083 shares of Series B Convertible Preferred Stock
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [ ]
EXCLUDES CERTAIN SHARES*
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
100%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 4 of 15 pages
------------------------ --------------------------
| CUSIP No. 052764206 | | PAGE 4 OF 15 PAGES |
------------------------ --------------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Pacific Electric Wire & Cable Co. Ltd. n/a Foreign Corporation
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 Source if Funds*
00
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS [ ]
IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Taiwan, Republic of China
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF -----------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 1,612,083 shares of Series B Convertible Preferred Stock
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,612,083 shares of Series B Convertible Preferred Stock
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,612,083 shares of Series B Convertible Preferred Stock
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [ ]
EXCLUDES CERTAIN SHARES*
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
100%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 5 of 15 pages
ORIGINAL REPORT ON SCHEDULE 13D
Item 1. Security and Issuer
---------------------
This statement relates to 1,612,083 shares (the "Shares") of Series B
Convertible Preferred Stock (the "Series B Preferred Stock") of AutoCorp
Equities, Inc., a Nevada corporation (the "Company"), which has its principal
executive offices at 911 W. Parker Road, Suite 306, Plano, Texas 75023. Each
Share of Series B Preferred Stock is convertible at the option of the holder
into one share of common stock, par value $.001 per share (the "Common Stock")
of the Company at any time. The Series B Preferred Stock is non-voting, except
to the extent otherwise required under Nevada law.
Item 2. Identity and Background
-------------------------
(a) Name: This statement is being jointly filed by Pacific Electric
Wire & Cable Co., Ltd., a company limited by shares formed under the laws of The
Republic of China ("PEWC"), Pacific USA Holdings Corp., a Texas corporation
("PUSA") and Pacific Financial Group, Inc., a Delaware corporation ("PFG"). PFG
is a wholly-owned subsidiary of PUSA, which is a wholly-owned subsidiary of
PEWC. The executive officers and directors of PEWC, PUSA and PFG (hereafter
referred to collectively as "Reporting Person"), are set forth in Item 2(c) of
this Statement. The filing of this Statement shall not be construed as an
admission that Reporting Person, or any executive officers or directors of
Reporting Person is, for the purposes of Section 13(d) or 13(g) of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), the beneficial
owner of any securities covered by this Statement or that this schedule is
required to be filed by such persons.
(b) Business Address: The business address of PEWC is 4th Fl., 285
Chung Hsiao East Road, Section 4, Taipei, Taiwan, Republic of China. The
business address of PUSA is 2740 N. Dallas Parkway, Suite 200, Plano, Texas
75093. The business address of PFG is c/o The Corporation Trust Company,
Corporation Trust Center, 1209 Orange Street, Wilmington, Delaware 19801. The
business address of Reporting Person's respective executive officers and
directors are set forth in Item 2(c).
(c) Present Principal Occupation or Employment: PEWC is a general
business conglomerate founded on the electric cable and wire industry, engaged
in manufacturing, telecommunications and technology. PUSA is a diversified
holding company engaged in the financial services, real estate and technology
industries. PFG is a federal savings bank holding company. The present
principal occupation or employment of PEWC's, PUSA's and PFG's directors and
executive officers and the name and address of the corporation or other
organizations in which such employment is conducted is as follows:
<TABLE>
<CAPTION>
BOARD OF DIRECTORS OF PEWC
NAME PRESENT PRINCIPAL OCCUPATION CITIZENSHIP
---- BUSINESS ADDRESS ---------- -----------
----------------
------------------ ------------------------------------------ --------------------------------------- ------------
<S> <C> <C> <C>
Tung Yu-jeh c/o Pacific USA Holdings Corp. Honorary Chairman and Taiwan, ROC
2740 N. Dallas Parkway, Suite 200 Executive Director
Plano, Texas 75093 Pacific Electric Wire & Cable Co.,
Ltd.
------------------ ------------------------------------------ --------------------------------------- ------------
Page 6 of 15 pages
<PAGE>
NAME PRESENT PRINCIPAL OCCUPATION CITIZENSHIP
---- BUSINESS ADDRESS ---------- -----------
----------------
------------------ ------------------------------------------ --------------------------------------- ------------
Lee Yu-tien Pacific Electric Wire & Cable Co., Ltd., Vice Board Chairman Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire & Cable Co.,
Section 4 Ltd.
Taipei, Taiwan, Republic of China
------------------ ------------------------------------------ --------------------------------------- ------------
Sun Chen Shu-chuan Pacific Electric Wire & Cable Co., Ltd., Director Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire & Cable Co.,
Section 4 Ltd.
Taipei, Taiwan, Republic of China
------------------ ------------------------------------------ --------------------------------------- ------------
Cheng I-chou Pacific Electric Wire & Cable Co., Ltd., Executive Director Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire & Cable Co.,
Section 4 Ltd.
Taipei, Taiwan, Republic of China
------------------ ------------------------------------------ --------------------------------------- ------------
Chiao Ting-piao Pacific Electric Wire & Cable Co., Ltd., Director Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire & Cable Co.,
Section 4 Ltd.
Taipei, Taiwan, Republic of China
------------------ ------------------------------------------ --------------------------------------- ------------
Sun Tao-tsun Pacific Electric Wire & Cable Co., Ltd., Executive Director and Chairman Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire & Cable Co.,
Section 4 Ltd.
Taipei, Taiwan, Republic of China
------------------ ------------------------------------------ --------------------------------------- ------------
Lee Chao-chun Pacific Electric Wire & Cable Co., Ltd., Director Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire & Cable Co.,
Section 4 Ltd.
Taipei, Taiwan, Republic of China
------------------ ------------------------------------------ --------------------------------------- ------------
Lee Pon-yean Pacific Electric Wire & Cable Co., Ltd., Vice President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire & Cable Co.,
Section 4 Ltd.
Taipei, Taiwan, Republic of China
------------------ ------------------------------------------ --------------------------------------- ------------
Liu Wei-kang Pacific Electric Wire & Cable Co., Ltd., Director Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire & Cable Co.,
Section 4 Ltd.
Taipei, Taiwan, Republic of China
------------------ ------------------------------------------ --------------------------------------- ------------
Tung Ching-yun c/o Pacific USA Holdings Corp. President Taiwan, ROC
2740 N. Dallas Parkway, Suite 200 Pacific Electric Wire & Cable Co., Ltd.
Plano, Texas 75093
------------------ ------------------------------------------ --------------------------------------- ------------
Lee Ta-jen Pacific Electric Wire & Cable Co., Ltd., Director Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire & Cable Co.,
Section 4 Ltd.
Taipei, Taiwan, Republic of China
------------------ ------------------------------------------ --------------------------------------- ------------
<PAGE>
Page7 of 15 pages
NAME PRESENT PRINCIPAL OCCUPATION CITIZENSHIP
---- BUSINESS ADDRESS ---------- -----------
----------------
------------------ ------------------------------------------ --------------------------------------- ------------
Chiao Yu-chi Pacific Electric Wire & Cable Co., Ltd., Director Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire & Cable Co.,
Section 4 Ltd.
Taipei, Taiwan, Republic of China
------------------ ------------------------------------------ --------------------------------------- ------------
Sun Tao-chi Pacific Electric Wire & Cable Co., Ltd., Director Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire & Cable Co.,
Section 4 Ltd.
Taipei, Taiwan, Republic of China
------------------ ------------------------------------------ --------------------------------------- ------------
Lee Ta-cheng Pacific Electric Wire & Cable Co., Ltd., Vice Chairman Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire & Cable Co.,
Section 4 Ltd.
Taipei, Taiwan, Republic of China
------------------ ------------------------------------------ --------------------------------------- ------------
Cheng Chao-chun Pacific Electric Wire & Cable Co., Ltd., Vice President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire & Cable Co.,
Section 4 Ltd.
Taipei, Taiwan, Republic of China
------------------ ------------------------------------------ --------------------------------------- ------------
Sun Tao-heng Pacific Electric Wire & Cable Co., Ltd., Vice President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire & Cable Co.,
Section 4 Ltd.
Taipei, Taiwan, Republic of China
------------------ ------------------------------------------ --------------------------------------- ------------
Yuan Pei-yu Pacific Electric Wire & Cable Co., Ltd., Yuan Investment Co. Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Representative
Section 4
Taipei, Taiwan, Republic of China
------------------ ------------------------------------------ --------------------------------------- ------------
Satoshi Otohata Pacific Electric Wire & Cable Co., Ltd., Sumitomo Electric Ind., Ltd.: c/o Japan
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire & Cable Co.,
Section 4 Ltd., 4th Fl., 285, Chung Hsiao East
Taipei, Taiwan, Republic of China Road, Section 4
Taipei, Taiwan, Republic of China
------------------ ------------------------------------------ --------------------------------------- ------------
Kuo Chih-Wei United Electronics Industry Co., Ltd., 4th President Taiwan, ROC
Fl., 285, Chung Hsiao East Road, United Electronics Industry Co.,
Section 4, Taipei, Taiwan, Republic of Ltd.
China
------------------ ------------------------------------------ --------------------------------------- ------------
Chang-Min-chiang Pacific Electric Wire & Cable Co., Ltd., Chairman Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Construction Co.
Section 4
Taipei, Taiwan, Republic of China
------------------ ------------------------------------------ --------------------------------------- ------------
Tony Yuan Pacific Electric Wire & Cable Co., Ltd., Director Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire & Cable Co.,
Section 4 Ltd.
Taipei, Taiwan, Republic of China
------------------ ------------------------------------------ --------------------------------------- ------------
Tung Hsiu-chun Pacific Electric Wire & Cable Co., Ltd., Director Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire & Cable Co.,
Section 4 Ltd.
Taipei, Taiwan, Republic of China
<PAGE>
Page 8 of 15 pages
NAME PRESENT PRINCIPAL OCCUPATION CITIZENSHIP
---- BUSINESS ADDRESS ---------- -----------
----------------
------------------ ------------------------------------------ --------------------------------------- ------------
Tsai Ming-chun Pacific Electric Wire & Cable Co., Ltd., Director Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire & Cable Co., Ltd.
Section 4
Taipei, Taiwan, Republic of China
------------------ ------------------------------------------ --------------------------------------- ------------
Tung Wang Pacific Electric Wire & Cable Co., Ltd., Director Taiwan, ROC
Wen-chuen 4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire & Cable Co.,
Section 4 Ltd.
Taipei, Taiwan, Republic of China
EXECUTIVE OFFICERS OF PEWC
NAME PRESENT PRINCIPAL OCCUPATION CITIZENSHIP
---- BUSINESS ADDRESS ---------- -----------
----------------
------------------ ------------------------------------------ --------------------------------------- -------------
Tung Yu-jeh Pacific Electric Wire & Cable Co., Ltd., Honorary Chairman Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire & Cable Co.,
Section 4 Ltd.
Taipei, Taiwan, Republic of China
------------------ ------------------------------------------ --------------------------------------- -------------
Sun Tao-tsun Pacific Electric Wire & Cable Co., Ltd., Chairman Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire & Cable Co.,
Section 4 Ltd.
Taipei, Taiwan, Republic of China
------------------ ------------------------------------------ --------------------------------------- -------------
Sun Tao-heng Pacific Electric Wire & Cable Co., Ltd., Vice President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire & Cable Co.,
Section 4 Ltd.
Taipei, Taiwan, Republic of China
------------------ ------------------------------------------ --------------------------------------- -------------
Lee Pon-yean Pacific Electric Wire & Cable Co., Ltd., Vice President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire & Cable Co.,
Section 4 Ltd.
Taipei, Taiwan, Republic of China
------------------ ------------------------------------------ --------------------------------------- -------------
Lee Ta-cheng Pacific Electric Wire & Cable Co., Ltd., Vice President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire & Cable Co.,
Section 4 Ltd.
Taipei, Taiwan, Republic of China
------------------ ------------------------------------------ --------------------------------------- -------------
Cheng Chao-chun Pacific Electric Wire & Cable Co., Ltd., Vice President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire & Cable Co.,
Section 4 Ltd.
Taipei, Taiwan, Republic of China
------------------ ------------------------------------------ --------------------------------------- -------------
Tung Ching-yun c/o Pacific USA Holdings Corp. President Taiwan, ROC
2740 N. Dallas Parkway, Suite 200 Pacific Electric Wire & Cable Co.,
Plano, Texas 75093 Ltd., and
Vice President
Pacific USA Holdings Corp.
------------------ ------------------------------------------ --------------------------------------- -------------
Page 9 of 15 pages
<PAGE>
BOARD OF DIRECTORS OF PUSA
NAME PRESENT PRINCIPAL OCCUPATION CITIZENSHIP
---- BUSINESS ADDRESS ---------- -----------
-----------------
------------------ ------------------------------------------ --------------------------------------- -------------
Tung Yu-jeh Pacific Electric Wire & Cable Co., Ltd. Honorary Chairman Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire & Cable Co.,
Section 4 Ltd.
Taipei, Taiwan, Republic of China
------------------ ------------------------------------------ --------------------------------------- -------------
Sun Tao-tsun Pacific Electric Wire & Cable Co., Ltd. Chairman Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire & Cable Co.,
Section 4 Ltd.
Taipei, Taiwan, Republic of China
------------------ ------------------------------------------ --------------------------------------- -------------
Lee Pon-yean Pacific Electric Wire & Cable Co., Ltd. Vice President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire & Cable Co.,
Section 4 Ltd.
Taipei, Taiwan, Republic of China
------------------ ------------------------------------------ --------------------------------------- -------------
Tung Ching-yun c/o Pacific USA Holdings Corp. President Taiwan, ROC
2740 N. Dallas Parkway, Suite 200 Pacific Wire & Cable Co., Ltd.,
Plano, Texas 75093 and Vice President
Pacific USA Holdings Corp.
------------------ ------------------------------------------ --------------------------------------- -------------
Larry D. Horner c/o Pacific USA Holdings Corp. Chief Executive Officer United States
2740 N. Dallas Parkway, Suite 200 PUSA Investment Company
Plano, Texas 75093
------------------ ------------------------------------------ --------------------------------------- -------------
Bill C. Bradley c/o Pacific USA Holdings Corp. Chief Executive Officer United States
2740 N. Dallas Parkway, Suite 200 Pacific USA Holdings Corp.
Plano, Texas 75093
------------------ ------------------------------------------ --------------------------------------- -------------
EXECUTIVE OFFICERS OF PUSA
NAME PRESENT PRINCIPAL OCCUPATION CITIZENSHIP
---- BUSINESS ADDRESS ---------- -----------
----------------
------------------ ------------------------------------------ --------------------------------------- -------------
Larry D. Horner c/o Pacific USA Holdings Corp. Chairman of the Board of Pacific United States
2740 N. Dallas Parkway, Suite 200 USA Holdings Corp., Chief
Plano, Texas 75093 Executive Officer of PUSA
Investment Company
------------------ ------------------------------------------ --------------------------------------- -------------
Bill C. Bradley c/o Pacific USA Holdings Corp. Chief Executive Officer United States
2740 N. Dallas Parkway, Suite 200 Pacific USA Holdings Corp.
Plano, Texas 75093
------------------ ------------------------------------------ --------------------------------------- -------------
Michael K. McCraw c/o Pacific USA Holdings Corp. Chief Financial Officer United States
2740 N. Dallas Parkway, Suite 200 Pacific USA Holdings Corp.
Plano, Texas 75093
<PAGE>
Page 10 of 15 pages
NAME PRESENT PRINCIPAL OCCUPATION CITIZENSHIP
---- BUSINESS ADDRESS ---------- -----------
----------------
------------------ ------------------------------------------ --------------------------------------- -------------
Cathryn L. Porter c/o Pacific USA Holdings Corp. Chief General Counsel United States
3200 Southwest Freeway Pacific USA Holdings Corp.
Suite 1220
Houston, Texas 77027
------------------ ------------------------------------------ --------------------------------------- -------------
Kristie A. Lipes c/o Pacific USA Holdings Corp. Chief Administrative Officer United States
2740 N. Dallas Parkway, Suite 200 Pacific USA Holdings Corp.
Plano, Texas 75093
------------------ ------------------------------------------ --------------------------------------- -------------
John A. Archer c/o Pacific USA Holdings Corp. Chief Accounting Officer and United States
2740 N. Dallas Parkway, Suite 200 Treasurer
Plano, Texas 75093 Pacific USA Holdings Corp.
------------------ ------------------------------------------ --------------------------------------- -------------
BOARD OF DIRECTORS OF PFG
NAME PRESENT PRINCIPAL OCCUPATION CITIZENSHIP
---- BUSINESS ADDRESS ---------- -----------
----------------
------------------ ------------------------------------------ --------------------------------------- -------------
Tung Ching-yun Pacific Electric Wire & Cable Co., Ltd., President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire & Cable Co.,
Section 4 Ltd.
Taipei, Taiwan, Republic of China
------------------ ------------------------------------------ --------------------------------------- -------------
Sun Tao-tsun Pacific Electric Wire & Cable Co., Ltd., Chairman Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire & Cable Co.,
Section 4 Ltd.
Taipei, Taiwan, Republic of China
------------------ ------------------------------------------ --------------------------------------- -------------
Bill C. Bradley c/o Pacific USA Holdings Corp. Chief Executive Officer United States
2740 N. Dallas Parkway, Suite 200 Pacific USA Holdings Corp.
Plano, Texas 75093
------------------ ------------------------------------------ --------------------------------------- -------------
Larry D. Horner c/o Pacific USA Holdings Corp. Chairman of the Board of Pacific United States
2740 N. Dallas Parkway, Suite 200 USA Holdings Corp., Chief
Plano, Texas 75093 Executive Officer of PUSA
Investment Company
------------------ ------------------------------------------ --------------------------------------- -------------
EXECUTIVE OFFICERS OF PFG
NAME PRESENT PRINCIPAL OCCUPATION CITIZENSHIP
---- BUSINESS ADDRESS ---------- -----------
----------------
------------------ ------------------------------------------ --------------------------------------- -------------
Michael K. McCraw c/o Pacific USA Holdings Corp. Chief Financial Officer United States
2740 N. Dallas Parkway, Suite 200 of Pacific USA Holdings Corp.
Plano, Texas 75093
<PAGE>
Page 11 of 15 pages
NAME PRESENT PRINCIPAL OCCUPATION CITIZENSHIP
---- BUSINESS ADDRESS ---------- -----------
----------------
------------------ ------------------------------------------ --------------------------------------- -------------
John A. Archer c/o Pacific USA Holdings Corp. Chief Accounting Officer and United States
2740 N. Dallas Parkway, Suite 200 Treasurer of Pacific USA Holdings
Plano, Texas 75093 Corp.
------------------ ------------------------------------------ --------------------------------------- -------------
</TABLE>
(d) Criminal Convictions: During the last five years, neither
Reporting Person nor any of the respective executive officers or directors of
Reporting Person has been convicted in a criminal proceeding, excluding traffic
violations and similar misdemeanors.
(e) Court or Administrative Proceedings: During the last five years,
neither Reporting Person nor any of the respective executive officers or
directors of Reporting Person has been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction as a result of which
any of them were or are 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) Citizenship: PEWC is a company limited by shares formed under the
laws of The Republic of China. PUSA is a Texas corporation. PFG is a Delaware
corporation. The citizenship of each director and executive officer of PEWC,
PUSA and PFG is set forth in Item 2(c) of this Statement.
Item 3. Source and Amount of Funds or Other Consideration
--------------------------------------------------------
Pursuant to a Master Agreement dated as of October 1, 2000 (the "Master
Agreement") by and between PFG, AutoPrime, Inc., a Delaware corporation ("AP")
and the Company, PFG and AP agreed to convert approximately $23 million of
indebtedness owed by the Company to AP (the "Debt") into 1,612,083 shares of
Series B Non-Voting Convertible Preferred Stock of the Company which, on a
fully-converted basis, would represent approximately 27.2% of the Company's
issued and outstanding Common Stock. The consideration received by the Company
for the issuance of the Series B Preferred Stock consists of (i) the forgiveness
by AP and PFG of the Debt, and (ii) the contribution by PFG and AP to the
Company of repossessed vehicles and performing and non-performing retail
installment sales contracts valued at approximately $600,000.
Item 4. Purpose of Transaction
------------------------
The purpose of the transaction for which the Statement is being prepared is
for PFG to acquire the Shares of Series B Preferred Stock in exchange for
forgiveness of the Debt by AP.
Except as described herein or reported on a previous Schedule 13D or an
amendment thereto, Reporting Person has no present plans or intentions to effect
any of the following:
(a) the acquisition by any person of additional securities of the Company,
or the disposition of securities of the Company;
<PAGE>
Page 12 of 15 pages
(b) an extraordinary corporate transaction such as a merger, reorganization
or liquidation, involving the Company or any of its subsidiaries;
(c) a sale or transfer of a material amount of assets of the Company or any
of its subsidiaries;
(d) any change in the present board of directors or management of the
Company, including any plans or proposals to change the number or term of the
directors or to fill any existing vacancies of the board;
(e) any material change in the present capitalization or dividend policy of
the Company;
(f) any other material change in the Company's business or corporate
structure;
(g) changes in the Company's charter, by-laws or instruments corresponding
thereto or other actions which may impede the acquisition of control of the
Company by any person;
(h) causing a class of securities of the Company to be delisted from a
national securities exchange or to cease to be authorized to be quoted in an
inter-dealer quotation system of a registered national securities association;
(i) a class of eligible equity securities of the issuer becoming eligible
for termination of registration pursuant to Section 12(g)(4) of the Act; or
(j) any action similar to those enumerated above.
Item 5. Interest in Securities of the Issuer
-----------------------------------------
(a) Reporting Person has beneficial ownership of 1,612,083 Shares of Series
B Preferred Stock. The percentage of Series B Preferred Stock beneficially owned
by Reporting Person is 100%. Each Shares of Series B Preferred Stock is
convertible at any time into one share of Common Stock. Assuming conversion of
all Shares of Series B Preferred Stock into Common Stock, the percentage of
Company's total voting power controlled by Reporting Person would be 27.2%.
(b) Except as otherwise required under Nevada law, the Preferred Stock
held by Reporting Person does not have any voting rights prior to conversion.
(c) Neither Reporting Person nor any person named in Section 2(c) hereto
owns beneficially any shares of Common Stock of the Company or has effected any
transaction in shares of Common Stock of the Company during the sixty (60) days
preceding the date of this Statement.
(d) No person other than Reporting Person is known to Reporting Person to
have the right to receive or the power to direct the receipt of dividends from,
or the proceeds from the sale of, the Shares of Series B Preferred Stock
beneficially owned by them.
(e) Not applicable.
<PAGE>
Page 13 of 15 pages
Item 6. Contracts, Arrangements, Understandings or Relationships with
------------------------------------------------------------------
respect to Securities of the Issuer
----------------------------------------
Except to the extent disclosed above, none of the Reporting Persons has any
contracts, arrangements, understandings or relationships (legal or otherwise)
with respect to any securities of the Company, including but not limited to,
transfer or voting of any such securities, finders' fees, joint ventures, loan
or option agreements, puts or calls, guarantees of profits, division of profits
or losses, or the giving or withholding of proxies.
Item 7. Material to be filed as Exhibits
-------------------------------------
Exhibit 99.1 - Agreement re Joint Filing of Schedule 13D.
SIGNATURE
---------
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.
Date: November 17, 2000
PACIFIC ELECTRIC WIRE & CABLE CO. LTD.,
a R.O.C. limited company
By: /s/ Tung Ching-yun
--------------------------------------------
Tung Ching-yun
President
PACIFIC USA HOLDINGS CORP.,
a Texas corporation
By: /s/ Michael K. McCraw
--------------------------------------------
Michael K. McCraw
Chief Financial Officer
PACIFIC FINANCIAL GROUP, INC.,
a Delaware corporation
By: /s/ Michael K. McCraw
--------------------------------------------
Michael K. McCraw
President
<PAGE>
Page 14 of 15 pages
INDEX TO EXHIBITS
-----------------
Sequentially
Numbered
Item Description Page
------- ----------------------------------------------------- ------------
99.1 Agreement of Joint Filing 15
<PAGE>
