SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Amendment No. 1
Under the Securities Exchange Act of 1934
AVADO BRANDS, INC.
------------------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
-------------------------------------------
(Title of Class of Securities)
05336P108
-----------------------
(CUSIP Number)
Tom E. DuPree, Jr.
Avado Brands, Inc.
Hancock at Washington
Madison, GA 30650
(706) 342-4552
----------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
April 24, 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 that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f), or 13d-1(g), check the
following box [ ]
<PAGE>
SCHEDULE 13D
CUSIP No. 05336P108
1 NAMES OF REPORTING PERSONS
Tom E. DuPree, Jr.
_______________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
_______________________________________________________________________
3. SEC USE ONLY
_______________________________________________________________________
4. SOURCE OF FUNDS
Not applicable.
_______________________________________________________________________
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_______________________________________________________________________
6. CITIZENSHIP
United States of America
_______________________________________________________________________
NUMBER OF 7. SOLE VOTING POWER
SHARES
BENEFICIALLY 7,253,213
OWNED BY ____________________________________
EACH
REPORTING 8. SHARED VOTING POWER
PERSON WITH
____________________________________
9. SOLE DISPOSITIVE POWER
7,253,213
____________________________________
10. SHARED DISPOSITIVE POWER
_______________________________________________________________________
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,253,213
_______________________________________________________________________
12. CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES [ ]
_______________________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
28.6%
_______________________________________________________________________
14. TYPE OF REPORTING PERSON
IN
Page 2
<PAGE>
SCHEDULE 13D
CUSIP No. 05336P108
1 NAMES OF REPORTING PERSONS
Erich J. Booth
_______________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
_______________________________________________________________________
3. SEC USE ONLY
_______________________________________________________________________
4. SOURCE OF FUNDS
Not applicable.
_______________________________________________________________________
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_______________________________________________________________________
6. CITIZENSHIP
United States of America
_______________________________________________________________________
NUMBER OF 7. SOLE VOTING POWER
SHARES
BENEFICIALLY 68,254
OWNED BY ____________________________________
EACH
REPORTING 8. SHARED VOTING POWER
PERSON WITH
____________________________________
9. SOLE DISPOSITIVE POWER
68,254
____________________________________
10. SHARED DISPOSITIVE POWER
_______________________________________________________________________
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
68,254
_______________________________________________________________________
12. CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES [ ]
_______________________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
_______________________________________________________________________
14. TYPE OF REPORTING PERSON
IN
Page 3
<PAGE>
SCHEDULE 13D
CUSIP No. 05336P108
1 NAMES OF REPORTING PERSONS
Margaret E. Waldrep
_______________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
_______________________________________________________________________
3. SEC USE ONLY
_______________________________________________________________________
4. SOURCE OF FUNDS
Not applicable.
_______________________________________________________________________
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_______________________________________________________________________
6. CITIZENSHIP
United States of America
_______________________________________________________________________
NUMBER OF 7. SOLE VOTING POWER
SHARES
BENEFICIALLY 51,318
OWNED BY ____________________________________
EACH
REPORTING 8. SHARED VOTING POWER
PERSON WITH
____________________________________
9. SOLE DISPOSITIVE POWER
51,318
____________________________________
10. SHARED DISPOSITIVE POWER
_______________________________________________________________________
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
51,318
_______________________________________________________________________
12. CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES [ ]
_______________________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
_______________________________________________________________________
14. TYPE OF REPORTING PERSON
IN
Page 4
<PAGE>
Tom E. DuPree, Jr., Erich J. Booth and Margaret E. Waldrep (the "Reporting
Persons") filed a Schedule 13D as a group to report their proposal to the Board
of Directors of Avado Brands, Inc. ("Avado") that all Common Stock of Avado
(except treasury stock) held by persons other than the Reporting Persons be
redeemed by Avado for cash, that Avado merge with a corporation to be formed for
purposes of the merger and owned solely by the Reporting Persons ("Newco"), with
Avado being the surviving entity, and that the Reporting Persons become the sole
shareholders of Avado upon the consummation of such transactions (the
"Transactions"). The Reporting Persons hereby amend Item 4 of their Schedule 13D
to report that they have ceased to act as a group with respect to their holdings
of Avado Common Stock, to reflect the termination of group status, and to hereby
terminate any obligation they may have to update this Schedule 13D. The
Reporting Persons hereby amend Item 5(a) and (c) of their Schedule 13D to
reflect changes in their beneficial ownership of securities of Avado.
Item 4. Purpose of the Transaction.
---------------------------
Item 4 is hereby amended and supplemented to include the following:
The Reporting Persons were unable to arrange financing for a proposal to
effectuate the Transactions at a price they believed to be attractive to the
shareholders of Avado. As a result, on April 24, 2000, the Reporting Persons
determined to discontinue their efforts to consummate the Transactions and
ceased to act as a group with respect to their holdings of Avado Common Stock.
Item 5. Interest in Securities of the Issuer.
-------------------------------------
Item 5(a) is hereby amended as follows:
(a) Aggregate number of shares and percentage of outstanding Common Stock
beneficially owned by each person named in Item 2 and by the group.
Reporting Person Number of Shares Percentage of Class(1)
- --------------------------------------------------------------------------------
Tom E. DuPree, Jr. 7,253,213 28.6%
Erich J. Booth 68,254 0.3%
Margaret E. Waldrep 51,318 0.2%
- --------------------------------------------------------------------------------
Total for Group 7,372,785 29.12%
(1) Based on number of shares of Avado Common Stock outstanding as of March
31, 2000 as reported in Avado's Report on 10-K for year ended January
2, 2000.
Item 5(c) is hereby amended and supplemented to include the following:
(c) Since February 28, 2000, Tom E. DuPree, Jr. has made gifts of
an aggregate of 729,642 shares of Avado Common Stock to the DuPree
Foundation.
Page 5
<PAGE>
Signatures
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.
Date: April 24, 2000
By: /s/ Tom E. DuPree, Jr.
-------------------------
Tom E. DuPree, Jr.
By: /s/ Erich J. Booth
------------------------
Erich J. Booth
By: /s/ Margaret E. Waldrep
------------------------
Margaret E. Waldrep
Page 6
