SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13E-3/A NO. 1
(PURSUANT TO SECTION 13(E) OF THE SECURITIES EXCHANGE ACT OF 1934)
FIRSTCITY FINANCIAL CORPORATION
(Name of the Issuer)
FIRSTCITY FINANCIAL CORPORATION
(Name of Person(s) Filing Statement)
Special Preferred Stock
($.01 par value per share)
0.(Title of Class of Securities)
33761X 206
(CUSIP Number of Class of Securities)
James R. Hawkins Copy to:
FirstCity Financial Corporation Steven D. Rubin
6400 Imperial Drive Weil, Gotshal & Manges LLP
Waco, Texas 76712 700 Louisiana, Suite 1600
(254) 751-1750 Houston, Texas 77002
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications
on Behalf of the Person(s) Filing Statement)
This statement is filed in connection with (check the appropriate box):
a. [ ] The filing of solicitation materials or an information
statement subject to Regulation 14A, Regulation 14C or
Rule 13E-3(c) under the Securities Exchange Act of 1934.
b. [ ] The filing of a registration statement under the
Securities Act of 1933.
c. [X] A tender offer.
d. [ ] None of the above.
Check the following box if the soliciting materials or information
statement referred to in check box (a) are preliminary copies: [ ]
Calculation of Filing Fee
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<CAPTION>
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Transaction Amount Of Filing Fee
Valuation
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<S> <C> <C>
$17,794,330(1) $ - 0 -(2)
(1) This amount is based upon the exchange of each outstanding share of
Special Preferred Stock, $.01 par value per share, for one share of the
Company's New Preferred Stock, $.01 par value per share. Currently there
are 849,777 shares of Special Preferred Stock outstanding.
(2) The entire filing fee of $3,558.87 is offset by the filing fee paid by
the Company in connection with its Schedule 13E-4 filed with the
Commission on August 31, 1998.
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[X] Check box if any part of the fee is offset as provided by Rule
0-11(a)(2) and identify the filing with which the offsetting fee was
previously paid. Identify the previous filing by registration
statement number, or the form or schedule and the date of its
filing.
Amount previously paid: $3,558.87
Form or registration no.: Schedule 13E-4
Filing party: FirstCity Financial Corporation
Date filed: August 31, 1998
HOFS02...:\92\54892\0013\1848\SCH8218K.08C
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INTRODUCTORY STATEMENT
This Amendment No. 1 (the "Amended Statement") amends and restates the
Rule 13E-3 Transaction Statement filed with the Securities and Exchange
Commission on September 1, 1998 by FirstCity Financial Corporation, a Delaware
corporation (the "Company"). This Amended Statement is being filed pursuant to
Section 13(e)(1) of the Securities and Exchange Act of 1934, as amended, and
relates to the offer by the Company, to exchange each share of its outstanding
Special Preferred Stock, $.01 par value per share (the "Special Preferred
Stock"), for one share of the Company's New Preferred Stock, $.01 par value per
share (the "New Preferred Stock"). The offer to exchange will expire at 12:00
midnight, New York City time on Tuesday, September 29, 1998.
The following cross reference sheet is being supplied pursuant to General
Instruction F to Schedule 13E-3 and shows the location of the information
required to be included in response to the Items of this Amended Statement in
the Amendment No. 1 to Schedule 13E-4 (the "Schedule 13E-4") that was filed by
the Company contemporaneously with this Amended Statement. The information in
the Schedule 13E-4, including all exhibits thereto, is hereby expressly
incorporated herein by reference and the responses to each item are qualified in
their entirety by the provisions of the Schedule 13E-4.
All cross references in this Amended Statement, other than cross
references to the Schedule 13E-4, are to the Exchange Offer which is
incorporated herein by reference to Exhibit (a)(1) of the Company's Schedule
13E-4 filed with the Commission contemporaneously with this Amended Statement.
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Cross Reference Sheet
Item in Location in
Schedule 13E-3 Related Schedule 13E-4
- -------------- ----------------------
Item 1(a).......................................... Item 1(a)
Item 1(b).......................................... Item 1(b)
Item 1(c).......................................... Item 1(c)
Item 1(d).......................................... *
Item 1(e).......................................... *
Item 1(f).......................................... *
Item 2(a).......................................... *
Item 2(b).......................................... *
Item 2(c).......................................... *
Item 2(d).......................................... *
Item 2(e).......................................... *
Item 2(f).......................................... *
Item 2(g).......................................... *
Item 3(a).......................................... *
Item 3(b).......................................... *
Item 4(a).......................................... *
Item 4(b).......................................... *
Item 5(a).......................................... Item 3(b)
Item 5(b).......................................... Item 3(c)
Item 5(c).......................................... Item 3(d)
Item 5(d).......................................... Item 3(e)
Item 5(e).......................................... Item 3(f)
Item 5(f).......................................... Item 3(i)
Item 5(g).......................................... Item 3(j)
Item 6(a).......................................... Item 2(a)
Item 6(b).......................................... *
Item 6(c).......................................... Item 2(b)
Item 6(d).......................................... *
Item 7(a).......................................... Item 3
Item 7(b).......................................... *
Item 7(c).......................................... Item 3
Item 7(d).......................................... Item 3
Item 8(a).......................................... *
Item 8(b).......................................... *
Item 8(c).......................................... *
Item 8(d).......................................... *
Item 8(e).......................................... *
Item 8(f).......................................... *
Item 9(a).......................................... *
Item 9(b).......................................... *
Item 9(c).......................................... *
Item 10(a)......................................... *
Item 10(b)......................................... Item 4
Item 11............................................ Item 5
Item 12(a)......................................... *
Item 12(b)......................................... *
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Item 13(a)......................................... *
Item 13(b)......................................... *
Item 13(c)......................................... *
Item 14(a)......................................... Item 7(a)
Item 14(b)......................................... Item 7(b)
Item 15(a)......................................... *
Item 15(b)......................................... Item 6
Item 16............................................ Item 8(e)
Item 17(a)......................................... Item 9(b)
Item 17(b)......................................... *
Item 17(c)......................................... Item 9(c)
Item 17(d)......................................... Item 9(a)
Item 17(e)......................................... *
Item 17(f)......................................... Item 9(f)
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* There is no applicable Item contained in the related Schedule 13E-4.
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ITEM 1. ISSUER AND CLASS OF SECURITY SUBJECT TO THE TRANSACTION.
(a) The answer to Item 1(a) of the Schedule 13E-4 is incorporated
herein by reference.
(b) Item 1(b) of the Schedule 13E-4 is incorporated herein by
reference. The information set forth in the Exchange Offer under the captions
"The Exchange Offer-General" and "The Exchange Offer-Conditions" is incorporated
herein by reference.
(c) The information set forth in the Exchange Offer under the caption
"Market Information" is incorporated herein by reference. The answer to Item
1(c) of the Schedule 13E-4 is incorporated herein by reference.
(d) The information set forth in the Exchange Offer under the caption
"Market Information" is incorporated herein by reference.
(e) Not applicable.
(f) Pursuant to an offer by the Company dated June 18, 1997 to exchange
each outstanding share of Special Preferred Stock for one share of New Preferred
Stock, which offer expired on August 4, 1997, the Company retired 1,073,704
shares of Special Preferred Stock in exchange for issuance of an equal number of
shares of New Preferred Stock. The information set forth in the Exchange Offer
under the caption "Special Factors Related to the Exchange Offer--Background and
Purposes of the Exchange Offer" is incorporated herein by reference.
ITEM 2. IDENTITY AND BACKGROUND.
This statement is being filed by the issuer.
ITEM 3. PAST CONTACTS, TRANSACTIONS OR NEGOTIATIONS.
(a) Not applicable.
(b) In July 1997, the Company acquired by merger Harbor Financial
Group, Inc., a company engaged in the residential and commercial mortgage
banking business since 1983 (the "Harbor Merger"). The Company issued 1,580,986
shares of its common stock in exchange for 100% of Harbor Financial Group,
Inc.'s outstanding capital stock in a transaction accounted for as a pooling of
interests. The Company changed Harbor Financial Group, Inc.'s name to FirstCity
Financial Mortgage Corporation ("Mortgage Corp.") following the Harbor Merger.
Harbor Financial Group, Inc. was not an affiliate of the Company prior to the
Harbor Merger. Mortgage Corp. is a wholly owned subsidiary of the Company.
ITEM 4. TERMS OF THE TRANSACTION.
(a) The information set forth in the Exchange Offer under the captions
"Summary," "The Exchange Offer" and "Risk Factors" is incorporated herein by
reference.
(b) Not applicable.
ITEM 5. PLANS OR PROPOSALS OF THE ISSUER OR AFFILIATE.
(a)-(c) Not applicable.
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(d) The information set forth in the Exchange Offer under the captions
"Special Factors Related to the Exchange Offer-Position of the Board;
Alternatives to the Exchange Offer" and "Special Factors Related to the Exchange
Offer--Plans or Proposals of the Issuer" is incorporated herein by reference.
(e) Not applicable.
(f) The information set forth in the Exchange Offer under the caption
"Special Factors Related to the Exchange Offer-Consequences for Unexchanged
Special Preferred Stock" is incorporated herein by reference.
(g) Not applicable.
ITEM 6. SOURCE AND AMOUNTS OF FUNDS OR OTHER CONSIDERATION.
(a) The information set forth in the Exchange Offer under the caption
"The Exchange Offer-General," "The Exchange Offer-Conditions," "The Exchange
Offer-Terms of the Exchange Offer" and "Description of the Outstanding Capital
Stock of the Company" is incorporated herein by reference. The answer to Item
2(a) of the Schedule 13E-4 is incorporated herein by reference.
(b) The information set forth in the Exchange Offer under the caption
"The Exchange Offer-Fees and Expenses" is incorporated herein by reference.
(c) Not applicable.
(d) Not applicable.
ITEM 7. PURPOSES, ALTERNATIVES, REASONS AND EFFECTS.
(a)-(d) The information set forth in the Exchange Offer under the
captions "Summary-Structure, Timing and Effects of Exchange Offer," "Special
Factors Related to the Exchange Offer-Background and Purposes of the Exchange
Offer," "Special Factors Related to the Exchange Offer-Position of the Board;
Alternatives to the Exchange Offer," "Special Factors Relating to the Exchange
Offer-Consequences for Unexchanged Special Preferred Stock," "Certain Federal
Income Tax Considerations" and "Risk Factors" is incorporated herein by
reference.
ITEM 8. FAIRNESS OF THE TRANSACTION.
(a)-(f) The information in the Exchange Offer under the captions
"Special Factors Related to the Exchange Offer-Position of the Board;
Alternatives to Exchange Offer," "Special Factors Relating to the Exchange
Offer-Fairness of the Exchange Offer" and "The Exchange Offer-Conditions" is
incorporated herein by reference.
ITEM 9. REPORTS, OPINIONS, APPRAISALS AND CERTAIN NEGOTIATIONS.
(a) The information set forth in the Exchange Offer under the caption
"Special Factors Related to the Exchange Offer-Fairness of the Exchange Offer"
is incorporated herein by reference.
(b)-(c) Not applicable.
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ITEM 10 INTEREST IN SECURITIES OF THE ISSUER.
(a) The information set forth in the Exchange Offer under the caption
"Special Factors Related to the Exchange Offer-Interests in the Special
Preferred Stock" is incorporated herein by reference.
(b) Not applicable.
ITEM 11 CONTRACTS, ARRANGEMENTS OR UNDERSTANDINGS WITH RESPECT TO THE ISSUER'S
SECURITIES.
Not applicable.
ITEM 12 PRESENT INTENTION AND RECOMMENDATION OF CERTAIN PERSONS WITH REGARD TO
THE TRANSACTION.
(a) The information set forth in the Exchange Offer under the captions
"Special Factors Related to the Exchange Offer-Interests in the Special
Preferred Stock" is incorporated by reference herein.
(b) The information set forth in the Exchange Offer under the caption
"Special Factors Related to the Exchange Offer-Position of the Board" is
incorporated herein by reference.
ITEM 13 OTHER PROVISIONS OF THE TRANSACTION.
(a) The information set forth in the Exchange Offer under the caption
"The Exchange Offer-Appraisal Rights" is incorporated by reference herein.
(b)-(c) Not applicable.
ITEM 14 FINANCIAL INFORMATION.
(a) The information set forth in the Exchange Offer under the captions
"Capitalization" and "Financial Information" is incorporated herein by
reference. The information contained in the Company's Annual Report on Form 10-K
for the year ended December 31, 1997, and in the Company's quarterly report on
Form 10-Q for the period ended June 30, 1998 is incorporated herein by
reference. The Company's Annual Report on Form 10-K for the fiscal year ended
December 31, 1997 refers to the New Preferred Stock as the "Adjusting Rate
Preferred Stock." The answer to Item 7(a) of the Schedule 13E-4 is incorporated
herein by reference.
(b) Not applicable.
ITEM 15 PERSONS AND ASSETS EMPLOYED, RETAINED OR UTILIZED.
(a) The information set forth in the Exchange Offer under the captions
"The Exchange Offer-Fees and Expenses" and "The Exchange Offer-Miscellaneous" is
incorporated herein by reference. The answer to Item 6 of the Schedule 13E-4 is
incorporated herein by reference.
(b) The information set forth in the Exchange Offer under the captions
"The Exchange Offer-Fees and Expenses" and "The Exchange Offer-Miscellaneous" is
incorporated herein by reference. The answer to Item 6 of the Schedule 13E-4 is
incorporated herein by reference.
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ITEM 16 ADDITIONAL INFORMATION.
To the extent material, additional information included in response to
this Item 16 is contained in the Exchange Offer, which is incorporated herein by
reference. The answer to Item 8(e) of the Schedule 13E-4 is incorporated herein
by reference.
ITEM 17 MATERIAL TO BE FILED AS EXHIBITS.
(a) None.
(b) None.
(c) None.
(d) The answer to Item 9(a) of the Schedule 13E-4 is incorporated
herein by reference.
(e) Not applicable.
(f) Not applicable.
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SIGNATURE
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After due 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.
FirstCity Financial Corporation
By: Matt A. Landry, Jr.
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Name: Matt A. Landry, Jr.
Title: Executive Vice President and
Chief Administrative Officer
September 21, 1998
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