SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
FIRSTCITY FINANCIAL CORPORATION
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(Name of issuer)
COMMON STOCK
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(Title of class of securities)
33761X107
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(CUSIP number)
JAMES T. SARTAIN
FIRST CITY FINANCIAL CORPORATION
6400 IMPERIAL DRIVE
WACO, TEXAS 76712
(254) 751-1750
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(Name, address and telephone number of person
authorized to receive notices and communications)
MAY 8, 1998
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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 |_|. (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).
HOFS02...:\92\54892\0004\2166\SEC5148R.580
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CUSIP NO. 33761X107 13D Page 2 of 12 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
JAMES R. HAWKINS ###-##-####
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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*
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 949,570 SHARES OF COMMON STOCK
OWNED BY
EACH
REPORTING
PERSON WITH
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8 SHARED VOTING POWER
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9 SOLE DISPOSITIVE POWER
949,570 SHARES OF COMMON STOCK
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10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
949,570 SHARES OF COMMON STOCK
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.5%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 33761X107 13D Page 3 of 12 Pages
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==============================================================================
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
JAMES T. SARTAIN ###-##-####
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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*
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 352,317 SHARES OF COMMON STOCK
OWNED BY
EACH
REPORTING
PERSON WITH
--------------------------------------------------------------
8 SHARED VOTING POWER
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9 SOLE DISPOSITIVE POWER
352,317 SHARES OF COMMON STOCK
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
352,317 SHARES OF COMMON STOCK
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.7%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 33761X107 13D Page 4 of 12 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
ATARA I, LTD. 74-2637686
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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*
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
TEXAS
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
--------------------------------------------------------------
8 SHARED VOTING POWER
342,397 SHARES OF COMMON STOCK
--------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
342,397 SHARES OF COMMON STOCK
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
342,397 SHARES OF COMMON STOCK
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.5%
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14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 33761X107 13D Page 5 of 12 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
RICK HAGELSTEIN
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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*
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
--------------------------------------------------------------
8 SHARED VOTING POWER
352,317 SHARES OF COMMON STOCK
--------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
352,317 SHARES OF COMMON STOCK
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
352,317 SHARES OF COMMON STOCK
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.7%
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14 TYPE OF REPORTING PERSON*
IN
==============================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 33761X107 13D Page 6 of 12 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
ATARA CORPORATION
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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*
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
TEXAS
- ------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
--------------------------------------------------------------
8 SHARED VOTING POWER
342,397 SHARES OF COMMON STOCK
--------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
342,397 SHARES OF COMMON STOCK
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
342,397 SHARES OF COMMON STOCK
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.5%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
PAGE 7 OF 12 PAGES
STATEMENT PURSUANT TO RULE 13d-1
OF THE
GENERAL RULES AND REGULATIONS
UNDER THE
SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
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Item 1. Security and Issuer.
This Statement on Schedule 13D relates to the Common Stock, par
value $.01 per share ("Common Stock"), of FirstCity Financial Corporation, a
Delaware corporation ("FirstCity" or the "Issuer"). The principal executive
offices of FirstCity are located at 6400 Imperial Drive, Waco, Texas 76712.
Item 2. Identity and Background.
(a)-(c) This Statement is filed by James R. Hawkins ("Hawkins"),
James T. Sartain ("Sartain"), ATARA I, LTD., a Texas limited partnership
("ATARA"), Rick R. Hagelstein and ATARA Corporation, a Texas corporation ("ATARA
Corp."). Hawkins, Sartain, ATARA, Hagelstein and ATARA Corp. are referred to
collectively herein as the "Reporting Persons."
Hawkins' business address is 6400 Imperial Drive, Waco, Texas 76712.
Hawkins' present principal occupation is serving as Chairman of the Board and
Chief Executive Officer of FirstCity, whose principal business is the
acquisition, management and disposition of distressed asset portfolios, and
whose address is 6400 Imperial Drive, Waco, Texas 76712. Mr. Hawkins is a
citizen of the United States of America.
Sartain's business address is 6400 Imperial Drive, Waco, Texas
76712. Sartain's present principal occupation is serving as President and Chief
Operating Officer of FirstCity, whose principal business is the acquisition,
management and disposition of distressed asset portfolios, and whose address is
6400 Imperial Drive, Waco, Texas 76712. Mr. Sartain is a citizen of the United
States of America.
ATARA is principally engaged in the investment in Common Stock of
FirstCity. The address of ATARA's principal business and principal office is
P.O. Box 8216, Waco, Texas 76714.
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PAGE 8 OF 12 PAGES
The sole general partner of ATARA is ATARA Corp., a Texas
corporation. ATARA Corp. is principally engaged in the investment in Common
Stock of FirstCity. The address of ATARA Corp.'s principal business and of its
principal office is P.O. Box 8216, Waco, Texas 76714.
Mr. Hagelstein's business address is 6400 Imperial Drive, Waco,
Texas 76712. Mr. Hagelstein's present principal occupation is serving as
Executive Vice-President of FirstCity, whose principal business is the
acquisition, management and disposition of distressed asset portfolios, and
whose address is 6400 Imperial Drive, Waco, Texas 76712. Mr. Hagelstein is a
citizen of the United States of America.
Attached as Appendix A to Item 2 is information concerning the
executive officers, directors and principal shareholders of ATARA Corp. in
response to Item 2 and General Instruction C to Schedule 13D.
(d)-(e) No Reporting Person and none of the persons or entities
referred to in Appendix A to Item 2 has, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations and similar
misdemeanors) or been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree, or final order enjoining future
violations of, or prohibiting or mandating activities subject to, Federal or
State securities laws or finding any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
Not applicable.
Item 4. Purpose of Transaction.
Not applicable.
Item 5. Interest in Securities of the Issuer.
(a) The Reporting Persons beneficially own a combined aggregate of
1,654,204 shares of Common Stock or approximately 21.8% of the Common Stock
outstanding as of May 8, 1998 based on information regarding the number of
outstanding shares of Common Stock upon completion of the Company's public
offering (the "Offering") of Common Stock which consummated May 8, 1998, as set
forth in the Prospectus, dated May 5, 1998, relating to such Offering.
Hawkins beneficially owns an aggregate of 949,570 shares of Common
Stock or 12.5% of the Common Stock outstanding as of May 8, 1998. 9,000 and 506
of such shares of Common Stock, respectively, may be acquired within 60 days of
the Measurement Date (as defined in the Company's 1995 Stock Option and Award
Plan) upon
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PAGE 9 OF 12 PAGES
the exercise of options granted under the Company's 1995 Stock Option and Award
Plan and upon the exercise of warrants to purchase Common Stock.
Sartain beneficially owns an aggregate of 352,317 shares of Common
Stock or 4.7% of the Common Stock outstanding as of May 8, 1998. 9,920 and 506
of such shares of Common Stock, respectively, may be acquired within 60 days of
the Measurement Date upon the exercise of options granted under the Company's
1995 Stock Option and Award Plan and upon the exercise of warrants to purchase
Common Stock.
Rick R. Hagelstein beneficially owns an aggregate of 352,317 shares
of Common Stock or 4.7% of the Common Stock outstanding as of May 8, 1998. 9,920
of such shares may be acquired within 60 days of the Measurement Date upon the
exercise of options granted under the Company's 1995 Stock Option and Award
Plan.
ATARA and ATARA Corp. each beneficially owns an aggregate of 342,397
shares of Common Stock or 4.5% of the Common Stock outstanding as of May 8,
1998.
(b) The number of shares of Common Stock as to which there is sole
power to vote or to direct the vote, shared power to vote or to direct the vote,
sole power to dispose or direct the disposition, or shared power to dispose or
direct the disposition for each Reporting Person is set forth in the cover pages
and such information is incorporated herein by this reference. The shares of
Common Stock beneficially owned by ATARA, ATARA Corp. and Mr. Hagelstein are
owned directly by ATARA. ATARA Corp. may be deemed to beneficially own such
shares by virtue of being the sole general partner of ATARA. Mr. Hagelstein may
be deemed to beneficially own such shares by virtue of being the Chairman and
President of ATARA Corp., by virtue of owning 33.34% of the outstanding common
stock of ATARA Corp., and by reason of the fact that his wife is the only other
officer or director of ATARA Corp., and owns 33.33% of the outstanding shares of
Common Stock of ATARA Corp.
(c) James R. Hawkins, James T. Sartain and ATARA each sold an
aggregate of 86,875, 30,003 and 30,003 shares of Common Stock, respectively, at
a price of $30.75 per share in the Offering on May 8, 1998. Rick R. Hagelstein
and ATARA Corp. were deemed to have sold 30,003 shares of Common Stock at a
price of $30.75 per share in the Offering.
(d) Not applicable.
(e) Not applicable.
Item 6. Material to be Filed as Exhibits.
(1) Joint Filing Agreement
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PAGE 10 OF 12 PAGES
SIGNATURE
After reasonable inquiry and to the best of their knowledge and
belief, the undersigned certify that the information set forth in this statement
is true, complete and correct.
Dated: May 10, 1998
/s/ James R. Hawkins
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James R. Hawkins
/s/ James T. Sartain
-------------------------------
James T. Sartain
ATARA I, LTD.
By: ATARA CORPORATION, general partner
By: /s/ Rick R. Hagelstein
-------------------------------
Rick R. Hagelstein, President
/s/ Rick R. Hagelstein
-------------------------------
Rick R. Hagelstein
ATARA CORPORATION
By: /s/ Rick R. Hagelstein
-------------------------------
Rick R. Hagelstein, President
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PAGE 11 OF 12 PAGES
APPENDIX A TO ITEM 2
The following sets forth information with respect to the executive
officers, directors and principal shareholders of ATARA Corporation, which is
the general partner of ATARA I Ltd.
Rick R. Hagelstein is Chairman of the Board of Directors and
President of ATARA Corp., and owns 33.34% of the outstanding common stock of
ATARA Corp. Information regarding Mr. Hagelstein is set forth in Item 2 hereto.
Thomasue Hagelstein, Mr. Hagelstein's wife, is the other director and
secretary-treasurer of ATARA Corp. Mrs. Hagelstein owns 33.33% of the
outstanding common stock of ATARA Corp. Her address is: 732 Baylor Amp Road,
China Spring, TX 76633.
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PAGE 12 OF 12 PAGES
EXHIBIT INDEX
Exhibit No. Exhibit
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1 Joint Filing Agreement (incorporated by reference to Exhibit 5 to
the Schedule 13D filed on behalf of the Reporting Persons on July
3, 1995)
