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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Amendment No.2
Under the Securities Exchange Act of 1934
ACE CASH EXPRESS, INC.
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(Name of Issuer)
Common Stock, $0.01 Par Value
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(Title of Class of Securities)
004403-10-1
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(CUSIP Number)
Peter H. Kamin
Peak Management, Inc.
Suite 1600
One Financial Center
Boston, MA 02110
(617)526-8979
-with copies to-
Joseph F. Mazzella, Esq.
Lane Altman & Owens LLP
101 Federal St.
Boston, MA 02110
(617) 345-9800
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
January 03, 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(e), 13-d1(f) or 13-d-1(g), check the following
box [X].
*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).
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<PAGE>
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CUSIP No. 004403-10-1 SCHEDULE 13D Page 2 of 9 Pages
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1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
PEAK INVESTMENT LIMITED PARTNERSHIP
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [X]
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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. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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7. SOLE VOTING POWER
386,900
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 386,900
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
386,900
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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)
3.84%
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14. TYPE OF REPORTING PERSON
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
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CUSIP No. 004403-10-1 SCHEDULE 13D Page 3 of 9 Pages
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1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
PEAK MANAGEMENT, INC.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
None
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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. CITIZENSHIP OR PLACE OF ORGANIZATION
MASSACHUSETTS
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7. SOLE VOTING POWER
115,000
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 386,900
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 115,000
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10. SHARED DISPOSITIVE POWER
386,900
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 501,900*
*As General Partner of Peak Investment Limited Partnership and Investment
Manager of certain Managed Accounts
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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)
4.98%
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14. TYPE OF REPORTING PERSON
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
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CUSIP No. 004403-10-1 SCHEDULE 13D Page 4 of 9 Pages
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1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
PETER H. KAMIN
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
NONE
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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. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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7. SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 501,900
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
501,900
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 501,900*
*As Principal and Director of Peak Management, Inc. and not individually
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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)
4.98%
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14. TYPE OF REPORTING PERSON
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
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CUSIP No. 004403-10-1 SCHEDULE 13D Page 5 of 9 Pages
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1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
PRUNE INVESTMENTS LIMITED
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
None
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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. CITIZENSHIP OR PLACE OF ORGANIZATION
TORTOLA, BRITISH VIRGIN ISLANDS
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7. SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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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)
0%
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14. TYPE OF REPORTING PERSON
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
CUSIP No. 004403-10-1 Page 6 of 9 Pages
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THIS AMENDMENT NO. 2 AMENDS THE SCHEDULE 13D FILED WITH THE SECURITIES AND
EXCHANGE COMMISSION, AS PREVIOUSLY AMENDED THROUGH MAY 6, 1994.
ITEM 1. SECURITY AND ISSUER
Securities acquired: Common Stock, $0.01 par value ("Common Stock")
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Issuer: Ace Cash Express, Inc.
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Principal Executive Offices:
1231 Greenway Drive Suite 800 Irving, TX 75038
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ITEM 2. IDENTITY AND BACKGROUND
(a) This Schedule is being filed jointly by the following reporting
persons (hereinafter sometimes collectively referred to as the "Reporting
Persons"):
(i) Peak Investment Limited Partnership, a Delaware limited partnership.
(ii) Peak Investment Management, Inc. a Massachusetts corporation, which is
the sole General Partner of Peak Investment Limited Partnership.
(iii)Peter H. Kamin, an individual who is a Principal and Director of Peak
Investment Management.
(iv) Prune Investments Limited, a Tortola, BVI Corporations.
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CUSIP No. 004403-10-1 Page 7 of 9 Pages
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ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) and (b) The beneficial ownership and voting and dispositive power
of each of the Reporting Persons with respect of Common Stock of the Issuer as
of the date hereof is as follows:
PEAK INVESTMENT LIMITED PARTNERSHIP
(a) Amount Beneficially Owned: 386,900
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(b) Percent of Class: 3.84%
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(c) Number of shares as to which such person has:
(i)sole power to vote or to direct the vote: 386,900
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(ii)shared power to vote or to direct the vote: 0
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(iii)sole power to dispose or to direct the disposition of: 386,900
----------
(iv) shared power to dispose or to direct the disposition of: 0
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PEAK MANAGEMENT, INC.
(a) Amount Beneficially Owned: 501,900*
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(b) Percent of Class: 4.98%
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(c) Number of shares as to which such person has:
(i)sole power to vote or to direct the vote: 115,000
-----------------------
(ii)shared power to vote or to direct the vote: 386,900
----------------------
(iii)sole power to dispose or to direct the disposition of: 115,000
----------
(iv) shared power to dispose or to direct the disposition of: 386,900
----------
PETER H. KAMIN
(a) Amount Beneficially Owned: 501,900*
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(b) Percent of Class: 4.98%
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(c) Number of shares as to which such person has:
(i)sole power to vote or to direct the vote: 0
-----------------------
(ii)shared power to vote or to direct the vote: 501,900
----------------------
(iii)sole power to dispose or to direct the disposition of: 0
----------
(iv) shared power to dispose or to direct the disposition of: 501,900
----------
PRUNE INVESTMENTS LIMITED
(a) Amount Beneficially Owned: 0
--------------------------------------------
(b) Percent of Class: 0%
---------------------------------------------------
(c) Number of shares as to which such person has:
(i)sole power to vote or to direct the vote: 0
-----------------------
(ii)shared power to vote or to direct the vote: 0
----------------------
(iii)sole power to dispose or to direct the disposition of: 0
----------
(iv) shared power to dispose or to direct the disposition of: 0
----------
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*SHARES REPORTED FOR PEAK MANAGEMENT, INC. INCLUDE 386,900 SHARES BENEFICIALLY
OWNED PEAK INVESTMENT LIMITED PARTNERSHIP, OF WHICH PEAK MANAGEMENT, INC. IS THE
SOLE GENERAL PARTNER, AND 115,000 SHARES IN CERTAIN CLIENT ACCOUNTS WHICH PEAK
MANAGEMENT, INC. MANAGES.
**SHARES REPORTED FOR PETER H. KAMIN ARE BENEFICIALLY OWNED BY PEAK INVESTMENT
LIMITED PARTNERSHIP AND PEAK MANAGEMENT, INC. BOTH OF WHICH MAY BE DEEMED TO BE
CONTROLLED BY MR. KAMIN. NONE OF THE SHARES SO REPORTED ARE BENEFICIALLY OWNED
BY MR. KAMIN INDIVIDUALLY.
<PAGE>
CUSIP No. 004403-10-1 Page 8 of 9 Pages
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The number of shares beneficially owned and the percentage of outstanding shares
represented thereby, for each of the Reporting Persons, have been computed in
accordance with Rule 13d-3 under the Securities Exchange Act of 1934, as
amended. The percentages of ownership described above are based on the
10,071,000 outstanding shares of Common Stock of the Issuer reported in the
issuer's Quarterly Report on Form 10-Q for quarter ended September 30, 1999.
(c) The only transaction in the Common Stock of the Issuer reported on
herein which have been effected in the past sixty days by the Reporting Persons
was a distribution in-kind of an aggregate 71,400 shares by Peak Investment
Limited Partnership on January 3, 2000 to certain of its limited partners.
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CUSIP No. 004403-10-1 Page 9 of 9 Pages
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After reasonable inquiry and to the best of our knowledge and belief, we certify
that the information set forth in this statement is true, complete and correct.
This statement may be executed in any number of counterparts, each of which
shall be deemed an original and all of which shall constitute one (1)
instrument.
PEAK INVESTMENT LIMITED PARTNERSHIP
BY: PEAK MANAGEMENT, INC., its General Partner
By: /s/ Peter H. Kamin
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Peter H. Kamin, President
PEAK MANAGEMENT, INC.
By: /s/ Peter H. Kamin
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Peter H. Kamin, President
/s/ Peter H. Kamin
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Peter H. Kamin, Individually
PRUNE INVESTMENTS LIMITED
By:
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Dated as of: January 24, 2000
