<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 2)
Under The Securities Exchange Act of 1934
PUBLICARD, INC.
----------------
(Name of Issuer)
Common Stock, $.10 par value
------------------------------
(Title of Class of Securities)
744635103
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(CUSIP Number)
Paula J. Peters, Esq.
Greenberg Glusker Fields Claman & Machtinger LLP
1900 Avenue of the Stars, Suite 2100
Los Angeles, California 90067
(310) 553-3610
---------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 6, 2000
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(Date of Event Which Requires Filing Of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition 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 [ ].
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.)
(Continued on following page(s))
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CUSIP NO. 744635103 13 D PAGE 2 OF 10 PAGES
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1 NAME OF REPORTING PERSON Rossco Holdings Incorporated
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [ ]
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6 CITIZEN OR PLACE OF ORGANIZATION Texas
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7 SOLE VOTING POWER
NUMBER OF 372,629
SHARES -------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
EACH -------------------------------------------------------------
REPORTING PERSON 9 SOLE DISPOSITIVE POWER
372,629
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
372,629
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13 PERCENTAGE OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.5%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 744635103 13 D PAGE 3 OF 10 PAGES
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1 NAME OF REPORTING PERSON Lodgeco Properties, Ltd.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6 CITIZEN OR PLACE OF ORGANIZATION Texas
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7 SOLE VOTING POWER
NUMBER OF 110,356
SHARES -------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
EACH -------------------------------------------------------------
REPORTING PERSON 9 SOLE DISPOSITIVE POWER
110,356
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
110,356
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13 PERCENTAGE OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 4
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CUSIP NO. 744635103 13 D PAGE 4 OF 10 PAGES
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1 NAME OF REPORTING PERSON Mill Equities Co.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6 CITIZEN OR PLACE OF ORGANIZATION California
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7 SOLE VOTING POWER
NUMBER OF 142,873
SHARES -------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
EACH -------------------------------------------------------------
REPORTING PERSON 9 SOLE DISPOSITIVE POWER
142,873
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
142,873
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13 PERCENTAGE OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 744635103 13 D PAGE 5 OF 10 PAGES
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1 NAME OF REPORTING PERSON Triro Equities Co.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [ ]
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6 CITIZEN OR PLACE OF ORGANIZATION Texas
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7 SOLE VOTING POWER
NUMBER OF 48,958
SHARES -------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
EACH -------------------------------------------------------------
REPORTING PERSON 9 SOLE DISPOSITIVE POWER
48,958
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
48,958
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13 PERCENTAGE OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 6
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CUSIP NO. 744635103 13 D PAGE 6 OF 10 PAGES
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1 NAME OF REPORTING PERSON Leonard M. Ross Revocable Trust U/D/T 12/20/85
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6 CITIZEN OR PLACE OF ORGANIZATION California
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7 SOLE VOTING POWER
NUMBER OF 512,336
SHARES -------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
EACH -------------------------------------------------------------
REPORTING PERSON 9 SOLE DISPOSITIVE POWER
512,336
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
512,336
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13 PERCENTAGE OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.1%
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14 TYPE OF REPORTING PERSON*
OO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 7
The undersigned Reporting Persons hereby amend and restate in its entirety
the Schedule 13D filed on July 7, 1998, as amended by Amendment No. 1 thereto,
filed on July 24, 1998 as follows:
ITEM 1. SECURITY AND ISSUER.
This statement relates to the common stock, $.10 par value (the "Common
Stock"), of PubliCARD, Inc., a Pennsylvania corporation (the "Issuer"). The
address of the Issuer's principal executive offices is One Post Road, Fairfield,
Connecticut 06430.
ITEM 2. IDENTITY AND BACKGROUND.
This Schedule 13D is filed by Rossco Holdings Incorporated, a California
corporation ("RHI"), Lodgeco Properties, Ltd., a Texas limited partnership
("Lodgeco"), Mill Equities Co., a California general partnership ("Mill"), Triro
Equities Co., a Texas general partnership ("Triro") and the Leonard M. Ross
Revocable Trust U/D/T 12/20/85 (the "Ross Trust"). RHI, Lodgeco, Mill, Triro and
the Ross Trust are sometimes collectively referred to herein as the "Reporting
Persons."
The sole general partner of Lodgeco is RHI. The general partners of Mill
are the Ross Trust, RHI, Lodgeco and Amero Management Co., a California
general partnership ("Amero"). The general partners of Triro are RHI and the
Ross Trust. The general partners of Amero are the Ross Trust and Caesar Realty
Co., a California joint venture ("Caesar"). The partners in Caesar are the Ross
Trust, Leonard M. Ross and RHI.
The business address of each of RHI, Mill, Amero, Caesar and the Ross Trust
is 1011 1/2 N. Beverly Drive, Beverly Hills, California 90210. The business
address of Lodgeco and Triro is 701 University Drive, Suite 102, College
Station, Texas 77840.
The principal business activity of RHI and Lodgeco is the investment in and
the operation and ownership of real property. The principal business activity of
Mill, Triro, Amero and Caesar is investment activities.
The directors of RHI are Leonard M. Ross and Martha J. Kretzmer. Mr. Ross
is also the President and Ms. Kretzmer is the Vice President, Secretary and
Treasurer of RHI. The business address of Mr. Ross and Ms. Kretzmer is 1011-1/2
N. Beverly Hills Drive, Beverly Hills, California 90210. Mr. Ross' principal
occupation is the investment in and ownership of real estate, serving as
President of RHI and engaging in other investment activities. Ms. Kretzmer's
principal occupation is as an officer and director of RHI. Mr. Ross and Ms.
Kretzmer are citizens of the United States.
None of the Reporting Persons, Amero, Caesar, Ms. Kretzmer nor Mr. Ross has
been convicted in a criminal proceeding in the past five years. None of the
Reporting Persons, Amero, Caesar, Ms. Kretzmer nor Mr. Ross is
or was in the past five years subject to any judgment, decree, or final order
regarding any federal or state securities laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Commencing September 1989 and continuing through December 2000, the
Reporting Persons individually engaged in a series of acquisitions of the
Issuer's Common Stock, which acquisitions
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<PAGE> 8
were made for cash consideration from the Reporting Persons' respective
available working capital. The Reporting Persons collectively beneficially own
an aggregate of 1,187,152 shares of the Common Stock (including 350,000 shares
issuable upon the conversion of shares of Class A Preferred Stock, Second
Series, no par value per share of the Company) for an aggregate purchase price
of $3,461,033.
As of the time the last such acquisition was consummated, the aggregate
amount of the Issuer's Common Stock beneficially owned by the Reporting Persons
did not exceed 5% of the outstanding Common Stock.
This Schedule 13D does not include shares owned by trusts and
custodianships for the children of Leonard M. Ross, partnerships of which his
children are partners, and the spouse of Mr. Ross as her separate property, as
to all of which the Reporting Persons disclaim beneficial ownership. Mr. Ross
is not a custodian, trustee or partner with respect to any of these shares.
ITEM 4. PURPOSE OF TRANSACTION.
The Reporting Persons acquired the Common Stock for investment purposes.
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<PAGE> 9
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The Reporting Persons as a group beneficially own an aggregate of
1,187,152 shares of the Issuer's Common Stock, which represents
approximately 4.9% of the outstanding Common Stock based on 24,115,900
shares outstanding as reported in the Issuer's Current Report on Form
8-K dated December 6, 2000. The Common Stock covered by this statement
is held by the respective Reporting Persons as follows: RHI - 372,629
shares (1.5%); Lodgeco - 110,356 shares (0.5%); Mill - 142,873 shares
- (0.6%); Triro - 48,958 shares (0.2%) and the Ross Trust - 512,336
shares (2.1%)..
(b) Each Reporting Person has the sole power to vote and dispose of the
shares it beneficially owns.
(c) Not applicable.
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
The Reporting Persons are commonly owned and controlled by Mr. Ross. At
present, there are no contracts, arrangements or understandings among the
Reporting Persons or between the Reporting Persons and any other party with
respect to any securities of the Issuer. However, the Reporting Persons, acting
alone or in concert, may enter into arrangements designed to maximize their
shareholder value, including arrangements to transfer or vote securities of the
Issuer, give or withhold proxies, or otherwise maximize their voting or
investment power.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
<TABLE>
<CAPTION>
Exhibit No. Description
----------- -----------
<S> <C>
1 Joint Filing Agreement, dated as of December 20, 2000, by and
among the Reporting Persons, with respect to their joint
statement on Schedule 13D.
</TABLE>
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: December 20, 2000
ROSSCO HOLDINGS INCORPORATED
a California corporation
By: /s/ LEONARD M. ROSS
-------------------------------------
Leonard M. Ross, President
LODGECO PROPERTIES, LTD.
a Texas limited partnership
By Rossco Holdings Incorporated
General Partner
By: /s/ LEONARD M. ROSS
-------------------------------------
Leonard M. Ross, President
MILL EQUITIES CO.
A California general partnership
By Rossco Holdings Incorporated
General Partner
By: /s/ LEONARD M. ROSS
-------------------------------------
Leonard M. Ross, President
TRIRO EQUITIES CO.,
A Texas general partnership
By Rossco Holdings Incorporated
General Partner
By: /s/ LEONARD M. ROSS
-------------------------------------
Leonard M. Ross, President
LEONARD M. ROSS REVOCABLE TRUST
U/D/T 12/20/85
By: /s/ LEONARD M. ROSS
-------------------------------------
Leonard M. Ross, Trustee
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