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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. Four )*
-----------------
NEW WEST EYEWORKS
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
649156106
--------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement [_]. (A fee
is not required only if the filing 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.)
*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 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 pages)
Page 1 of 14 pages
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CUSIP NO. 649156106 13G PAGE 2 OF 14 PAGES
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NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MESIROW FINANCIAL HOLDINGS, INC.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 642,759/1/
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
17,689/2/
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 642,759/1/
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
17,689/2/
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
660,448/1/
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
13.6%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- -----------
/1/ Indirectly held through Mesirow Capital Partners II, Mesirow Capital
Partners III, Mesirow Capital Partners IV, Mesirow Capital Partners V and
Mesirow Capital Partners VI.
/2/ These shares are owned by Flag Partners, L.P. Mr. Sutter is a limited
partner in Flag Partners, L.P.
Page 2 of 14 pages
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CUSIP NO. 649156106 13G PAGE 3 OF 14 PAGES
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NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MESIROW CAPITAL PARTNERS II
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Illinois
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 64,519
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 64,519
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
64,519
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
1.3%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 14 pages
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CUSIP NO. 649156106 13G PAGE 4 OF 14 PAGES
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- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MESIROW CAPITAL PARTNERS III
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Illinois
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 74,719
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
-0-
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 74,719
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
-0-
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
74,719
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
1.5%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 14 pages
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CUSIP NO. 649156106 13G PAGE 5 OF 14 PAGES
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NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MESIROW CAPITAL PARTNERS IV
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Illinois
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF -0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
-0-
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING -0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
-0-
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
-0-
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
0%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 14 pages
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CUSIP NO. 649156106 13G PAGE 6 OF 14 PAGES
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NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MESIROW CAPITAL PARTNERS V
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Illinois
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 333,386
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
-0-
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 333,386
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
-0-
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
333,386
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
6.9%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 14 pages
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CUSIP NO. 649156106 13G PAGE 7 OF 14 PAGES
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- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MESIROW CAPITAL PARTNERS VI
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Illinois
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 170,135
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
-0-
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 170,135
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
-0-
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
170,135
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
3.5%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 14 pages
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CUSIP NO. 649156106 13G PAGE 8 OF 14 PAGES
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NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
William P. Sutter, Jr.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 800/1/
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
16,889/2/
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 800/1/
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
16,889/2/
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
17,689
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
0.4%
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TYPE OF REPORTING PERSON*
12
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- -----------
/1/ Mr. Sutter is an officer of the corporate general partners of Mesirow
Capital Partners II, Mesirow Capital Partners III, Mesirow Capital Partners
IV, Mesirow Capital Partners V and Mesirow Capital Partners VI. Mr. Sutter
holds these shares as custodian for his children.
/2/ These shares are owned by Flag Partners, L.P. Mr. Sutter is a limited
partner in Flag Partners, L.P.
Page 8 of 14 pages
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Item 1(a) Name of Issuer:
New West Eyeworks, Inc.
-----------------------
(b) Address of Issuer's Principal Executive Offices:
2104 West Southern Avenue
-------------------------
Tempe, Arizona 85282
---------------------
Item 2(a) Name of Person Filing:
The shares reported herein are held by Mesirow Capital Partners II,
Mesirow Capital Partners III, Mesirow Capital Partners IV, Mesirow
Capital Partners V, Mesirow Capital Partners VI and William P. Sutter,
Jr., an officer of the corporate general partners of these entities,
as custodian for his children. This filing is also made on behalf of
Mesirow Financial Holdings, Inc., which is the ultimate parent
corporation of (i) Mesirow Financial Services, Inc., which is the
corporate general partner of each of Mesirow Capital Partners II,
Mesirow Capital Partners III, Mesirow Capital Partners IV and Mesirow
Capital Partners VI and (ii) Mesirow Private Equity Investments, Inc.,
which is the corporate general partner of Mesirow Capital Partners V.
The persons on behalf of whom this Schedule 13G is being filed are
represented on the Board of Directors of the Issuer by Mr. Sutter.
(b) Address of Principal Business Office:
The address of the principal business office of each of the above-
named persons is:
350 North Clark Street
Chicago, Illinois 60610
(c) Citizenship:
Mesirow Financial Holdings, Inc. is a Delaware corporation. Each of
Mesirow Capital Partners II, Mesirow Capital Partners III, Mesirow
Capital Partners IV, Mesirow Capital Partners V and Mesirow Capital
Partners VI is an Illinois limited partnership. Mr. Sutter is a
citizen of the United States.
(d) Title of Class of Securities:
Common Stock
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(e) CUSIP Number:
649156106
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Page 9 of 14
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Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) ( ) Broker or Dealer registered under Section 15 of the Act
(b) ( ) Bank as defined in Section 3(a)(6) of the Act
(c) ( ) Insurance Company as defined in Section 3(a)(19) of the Act
(d) ( ) Investment Company registered under Section 8 of the
Investment Company Act
(e) ( ) Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940
(f) ( ) Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund
(g) ( ) Parent Holding Company, in accordance with (S)240.13d-1
(b)(1)(ii)(G)
(h) ( ) Group, in accordance with (S)240.13d-1 (b)(1)(ii)(H)
Item 4 Ownership*
(a) Amount Beneficially Owned** 660,448 shares
----------------------------------
(b) Percent of Class 13.6%***
----------------------------------
(c) Number of shares as to which such person has:***
(i) Sole power to vote
or to direct the vote 642,759 shares
----------------------------------
(ii) Shared power to vote
or to direct the vote 17,689 shares
----------------------------------
(iii) Sole power to dispose or
to direct the
disposition of 642,759 shares
----------------------------------
(iv) Shared power to dispose
or to direct the
disposition of 17,689 shares
----------------------------------
* The beneficial ownership figures set forth in response to this Item 4
combine holdings separately reported on the cover pages hereof by each of
the persons named in response to Item 1(a) above. Beneficial ownership of
the same shares may be shared between the persons named above.
** The filing of this Schedule 13G shall not be construed as an admission that
such person is, for the purposes of Section 13(d) and 13(g) of the
Securities Exchange Act of 1934, the beneficial owner of any securities
covered by this statement. Mr. Sutter is an officer of the corporate
managing general partner of each of Mesirow Capital Partners II, Mesirow
Capital Partners III, Mesirow Capital Partners IV, Mesirow Capital Partners
V and Mesirow Capital Partners VI. Mr. Sutter disclaims beneficial ownership
of such shares.
*** The number of shares reported as being beneficially owned under Item 4(a)
may be less than the aggregate number of shares being reported in Item 4(c)
since more than one of the indices of beneficial ownership specified in Item
4(c) may be present with respect to the same shares deemed to be
beneficially owned.
Page 10 of 14
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Item 5 Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner
of more than five percent of the class of securities, check the
following [_].
Item 6 Ownership of More than Five Percent on Behalf of Another Person
To the best of our knowledge, we are unaware of any other person
having the right to receive or the power to direct the receipt of
dividends from, or the proceeds from the sale of, such securities.
Item 7 Identification and Classification of the Subsidiary Which AcquirHed
the Security Being Reported on by the Parent Holding Company.
See Exhibit B attached.
Item 8 Identification and Classification of Members of the Group
The attached Exhibit A states the identity of each member of the group
filing this Schedule 13G.
Item 9 Notice of Dissolution of Group
NOT APPLICABLE
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Item 10 Certification
NOT APPLICABLE
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Page 11 of 14
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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: February 12, 1998 MESIROW FINANCIAL HOLDINGS, INC.
By /s/ James C. Tyree
------------------------------------
James C. Tyree
Chairman and Chief Executive Officer
MESIROW CAPITAL PARTNERS II MESIROW CAPITAL PARTNERS III
By: Mesirow Financial Services, By: Mesirow Financial Services,
Inc., Its General Partner Inc., Its General Partner
By /s/ William P. Sutter, Jr. By /s/ William P. Sutter, Jr.
--------------------------- --------------------------
William P. Sutter, Jr. William P. Sutter, Jr.
Vice President Vice President
MESIROW CAPITAL PARTNERS IV MESIROW CAPITAL PARTNERS V
By: Mesirow Financial Services, By: Mesirow Private Equity
Inc., Its General Partner Investments, Inc., Its General Partner
By /s/ William P. Sutter, Jr. By /s/ William P. Sutter, Jr.
----------------------------- --------------------------
William P. Sutter, Jr. William P. Sutter, Jr.
Vice President Executive Vice President
MESIROW CAPITAL PARTNERS VI
By: Mesirow Financial Services,
Inc., Its General Partner
By /s/ William P. Sutter, Jr. /s/ William P. Sutter, Jr.
--------------------------- --------------------------
William P. Sutter, Jr. WILLIAM P. SUTTER, JR.
Vice President
Page 12 of 14
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EXHIBIT A
The undersigned, MESIROW FINANCIAL HOLDINGS, INC., a Delaware corporation,
MESIROW CAPITAL PARTNERS II, an Illinois limited partnership, MESIROW CAPITAL
PARTNERS III, an Illinois limited partnership, MESIROW CAPITAL PARTNERS IV, an
Illinois limited partnership, MESIROW CAPITAL PARTNERS V, an Illinois limited
partnership, MESIROW CAPITAL PARTNERS VI, an Illinois limited partnership and
WILLIAM P. SUTTER, JR. hereby agree that this 13G to which this Agreement is
attached as an exhibit is filed on behalf of each of them.
Dated: February 12, 1998 MESIROW FINANCIAL HOLDINGS, INC.
By /s/ James C. Tyree
------------------------------------
James C. Tyree
Chairman and Chief Executive Officer
MESIROW CAPITAL PARTNERS II MESIROW CAPITAL PARTNERS III
By: Mesirow Financial Services, By: Mesirow Financial Services,
Inc., Its General Partner Inc., Its General Partner
By /s/ William P. Sutter, Jr. By /s/ William P. Sutter, Jr.
-------------------------- --------------------------
William P. Sutter, Jr. William P. Sutter, Jr.
Vice President Vice President
MESIROW CAPITAL PARTNERS IV MESIROW CAPITAL PARTNERS V
By: Mesirow Financial Services, By: Mesirow Private Equity
Inc., Its General Partner Investments, Inc., Its General Partner
By /s/ William P. Sutter, Jr. By /s/ William P. Sutter, Jr.
-------------------------- --------------------------
William P. Sutter, Jr. William P. Sutter, Jr.
Vice President Executive Vice President
MESIROW CAPITAL PARTNERS VI
By: Mesirow Financial Services,
Inc., Its General Partner
By /s/ William P. Sutter, Jr. /s/ William P. Sutter, Jr.
-------------------------- --------------------------
William P. Sutter, Jr. WILLIAM P. SUTTER, JR.
Vice President
Page 13 of 14
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EXHIBIT B
Identification of the Subsidiaries to which this filing relates is Mesirow
Financial Services, Inc. and Mesirow Private Equity Investments, Inc., as
further described in response to Item 2(a).
Page 14 of 14
