<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(RULE 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(AMENDMENT NO. 8)*
AUREAL INC. (f/k/a AUREAL SEMICONDUCTOR, INC.)
- -------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.001 PER SHARE
- -------------------------------------------------------------------------------
(Title of Class of Securities)
58445Q 10 3
-------------
(CUSIP Number)
Michael E. Cahill, Esq. Kenneth Liang, Esq.
Managing Director & General Counsel Managing Director and General Counsel
The TCW Group, Inc. Oaktree Capital Management, LLC
865 South Figueroa Street, Ste. 1800 333 South Grand Avenue, 28th Floor
Los Angeles, California 90017 Los Angeles, California 90071
(213) 244-0000 (213) 830-6300
- -------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
December 3, 1999
- -------------------------------------------------------------------------------
(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 Sections 240.13d-1(e), 240.13d-l(f) or 240.13d-1(g), check
the following box. / /
NOTE: schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 for other
parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 22 Pages)
*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).
<PAGE>
SCHEDULE 13D
CUSIP No. 58445Q 10 3 Page 2 of 23 Pages
----------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
The TCW Group, Inc.
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /X/
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds*
Not applicable.
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
Nevada
- -------------------------------------------------------------------------------
Number of (7) Sole Voting
Power
4,547,792**
Shares --------------------------------------------------
By (8) Shared Voting
Power
0
Each --------------------------------------------------
(9) Sole Dispositive
Reporting Power
4,547,792**
--------------------------------------------------
Person With (10) Shared Dispositive
Power
0
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
4,547,792**
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / /
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
44.3%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person*
HC, CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
** Number of shares reflects one-for-fifteen reverse stock split effected
June 10, 1999.
-2-
<PAGE>
SCHEDULE 13D
CUSIP No. 58445Q 10 3 Page 3 of 23 Pages
----------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Robert A. Day
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /X/
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds*
Not applicable.
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
- -------------------------------------------------------------------------------
Number of (7) Sole Voting
Power
4,547,792**
Shares --------------------------------------------------
By (8) Shared Voting
Power
0
Each --------------------------------------------------
(9) Sole Dispositive
Reporting Power
4,547,792**
--------------------------------------------------
Person With (10) Shared Dispositive
Power
0
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
4,547,792**
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / /
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
44.3%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person*
IN, HC
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
** Number of shares reflects one-for-fifteen reverse stock split effected
June 10, 1999.
-3-
<PAGE>
SCHEDULE 13D
CUSIP No. 58445Q 10 3 Page 4 of 23 Pages
----------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Trust Company of the West
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /X/
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds*
Not applicable.
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
California
- -------------------------------------------------------------------------------
Number of (7) Sole Voting
Power
2,431,281**
Shares --------------------------------------------------
By (8) Shared Voting
Power
0
Each --------------------------------------------------
(9) Sole Dispositive
Reporting Power
2,431,281**
--------------------------------------------------
Person With (10) Shared Dispositive
Power
0
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
2,431,281**
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / /
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
23.9%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person*
CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
** Number of shares reflects one-for-fifteen reverse stock split effected
June 10, 1999.
-4-
<PAGE>
SCHEDULE 13D
CUSIP No. 58445Q 10 3 Page 5 of 23 Pages
----------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
TCW Asset Management Company
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /X/
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds*
Not applicable.
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
California
- -------------------------------------------------------------------------------
Number of (7) Sole Voting
Power
2,116,511**
Shares --------------------------------------------------
By (8) Shared Voting
Power
0
Each --------------------------------------------------
(9) Sole Dispositive
Reporting Power
2,116,511**
--------------------------------------------------
Person With (10) Shared Dispositive
Power
0
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
2,116,511**
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / /
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
20.8%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person*
CO, IA
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
** Number of shares reflects one-for-fifteen reverse stock split effected
June 10, 1999.
-5-
<PAGE>
SCHEDULE 13D
CUSIP No. 58445Q 10 3 Page 6 of 23 Pages
----------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
TCW Special Credits
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /X/
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds*
Not applicable.
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
California
- -------------------------------------------------------------------------------
Number of (7) Sole Voting
Power
2,116,511**
Shares --------------------------------------------------
By (8) Shared Voting
Power
0
Each --------------------------------------------------
(9) Sole Dispositive
Reporting Power
2,116,511**
--------------------------------------------------
Person With (10) Shared Dispositive
Power
0
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
2,116,511**
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / /
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
20.8%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person*
PN, IA
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
** Number of shares reflects one-for-fifteen reverse stock split effected
June 10, 1999.
-6-
<PAGE>
SCHEDULE 13D
CUSIP No. 58445Q 10 3 Page 7 of 23 Pages
----------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
TCW Special Credits Fund IIIb
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /X/
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds*
OO.WC
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
California
- -------------------------------------------------------------------------------
Number of (7) Sole Voting
Power
1,843,358**
Shares --------------------------------------------------
By (8) Shared Voting
Power
0
Each --------------------------------------------------
(9) Sole Dispositive
Reporting Power
1,843,358**
--------------------------------------------------
Person With (10) Shared Dispositive
Power
0
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,843,358**
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / /
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
18.2%
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(14) Type of Reporting Person*
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
** Number of shares reflects one-for-fifteen reverse stock split effected
June 10, 1999.
-7-
<PAGE>
SCHEDULE 13D
CUSIP No. 58445Q 10 3 Page 8 of 23 Pages
----------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
TCW Special Credits Trust
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /X/
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds*
OO.WC
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
California
- -------------------------------------------------------------------------------
Number of (7) Sole Voting
Power
985,098**
Shares --------------------------------------------------
By (8) Shared Voting
Power
0
Each --------------------------------------------------
(9) Sole Dispositive
Reporting Power
985,098**
--------------------------------------------------
Person With (10) Shared Dispositive
Power
0
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
985,098**
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / /
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
9.8%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person*
OO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
** Number of shares reflects one-for-fifteen reverse stock split effected
June 10, 1999.
-8-
<PAGE>
SCHEDULE 13D
CUSIP No. 58445Q 10 3 Page 9 of 23 Pages
----------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
TCW Special Credits Fund IIIb
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /X/
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds*
OO.WC
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
California
- -------------------------------------------------------------------------------
Number of (7) Sole Voting
Power
1,446,183**
Shares --------------------------------------------------
By (8) Shared Voting
Power
0
Each --------------------------------------------------
(9) Sole Dispositive
Reporting Power
1,446,183**
--------------------------------------------------
Person With (10) Shared Dispositive
Power
0
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,446,183**
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / /
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
14.3%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person*
OO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
** Number of shares reflects one-for-fifteen reverse stock split effected
June 10, 1999.
-9-
<PAGE>
SCHEDULE 13D
CUSIP No. 58445Q 10 3 Page 10 of 23 Pages
----------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Weyerhaeuser Company Master Retirement Trust (Managed Account)
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /X/
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds*
Not applicable.
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
United States
- -------------------------------------------------------------------------------
Number of (7) Sole Voting
Power
846,327**
Shares --------------------------------------------------
By (8) Shared Voting
Power
0
Each --------------------------------------------------
(9) Sole Dispositive
Reporting Power
846,327**
--------------------------------------------------
Person With (10) Shared Dispositive
Power
0
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
846,327**
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / /
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
8.4%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person*
EP
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
** Number of shares reflects one-for-fifteen reverse stock split effected
June 10, 1999.
-10-
<PAGE>
SCHEDULE 13D
CUSIP No. 58445Q 10 3 Page 11 of 23 Pages
----------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
OCM Opportunities Fund II, L.P.
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /X/
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds*
Not applicable.
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
Delaware
- -------------------------------------------------------------------------------
Number of (7) Sole Voting
Power
3,091,774**
Shares --------------------------------------------------
By (8) Shared Voting
Power
0
Each --------------------------------------------------
(9) Sole Dispositive
Reporting Power
3,091,774**
--------------------------------------------------
Person With (10) Shared Dispositive
Power
0
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
3,091,774**
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / /
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
30.6%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person*
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
** Number of shares reflects one-for-fifteen reverse stock split effected
June 10, 1999.
-11-
<PAGE>
SCHEDULE 13D
CUSIP No. 58445Q 10 3 Page 12 of 23 Pages
----------- --- ---
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Oaktree Capital Management, LLC
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /X/
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds*
Not applicable.
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
California
- -------------------------------------------------------------------------------
Number of (7) Sole Voting
Power
3,975,651**
Shares --------------------------------------------------
By (8) Shared Voting
Power
0
Each --------------------------------------------------
(9) Sole Dispositive
Reporting Power
3,975,651**
--------------------------------------------------
Person With (10) Shared Dispositive
Power
0
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
3,975,651**
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / /
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
39.2%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person*
IA, OO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
** Number of shares reflects one-for-fifteen reverse stock split effected
June 10, 1999.
-12-
<PAGE>
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Item 3 is hereby amended by inserting the following four paragraphs to the
head of such item:
The Opportunities Fund purchased an aggregate of 503,808 shares of the
Issuer's Common Stock in the open market of which 3,000 shares were purchased
on August 17, 1999, 22,440 shares were purchased on October 15, 1999, 35,200
shares were purchased on October 18, 1999, 22,000 shares were purchased on
October 19, 1999, 2,640 shares were purchased on October 20, 1999, 44,000
shares were purchased on October 22, 1999, 26,400 shares were purchased on
October 26, 1999, 36,960 shares were purchased on October 27, 1999, 39,600
shares were purchased on October 28, 1999, 25,568 shares were purchased on
October 29, 1999, 35,200 shares were purchased on November 1, 1999, 18,480
shares were purchased on November 2, 1999, 17,600 shares were purchased on
each of November 3, 1999 and November 8, 1999, 52,800 shares were purchased
on November 16, 1999, 22,000 shares were purchased on November 18, 1999,
4,400 shares were purchased on November 23, 1999, 3,520 shares were purchased
on November 24, 1999, 66,880 shares were purchased on November 30, 1999 and
3,520 shares were purchased on December 1, 1999. Approximately
$1,215,388.16 of working capital funds was used by the Opportunities Fund for
the acquisition of such shares of Common Stock (including brokerage
commission).
Oaktree Account I purchased an aggregate of 56,910 shares of the
Issuer's Common Stock in the open market of which 2,550 shares were purchased
on October 15, 1999, 4,000 shares were purchased on October 18, 1999, 2,500
shares were purchased on October 19, 1999, 300 shares were purchased on
October 20, 1999, 5,000 shares were purchased on October 22, 1999, 3,000
shares were purchased on October 26, 1999, 4,200 shares were purchased on
October 27, 1999, 4,500 shares were purchased on October 28, 1999, 3,360
shares were purchased on October 29, 1999, 4,000 shares were purchased on
November 1, 1999, 2,100 shares were purchased on November 2, 1999, 2,000
shares were purchased on each of November 3, 1999 and November 8, 1999, 6,000
shares were purchased on November 16, 1999, 2,500 shares were purchased on
November 18, 1999, 500 shares were purchased on November 23, 1999, 400 shares
were purchased on November 24, 1999, 7,600 shares were purchased on November
30, 1999 and 400 shares were purchased on December 1, 1999. Approximately
$136,109.45 of working capital funds was used by Oaktree Account I for the
acquisition of such shares of Common Stock (including brokerage commission).
Oaktree Account II purchased an aggregate of 11,382 shares of the Issuer's
Common Stock in the open market of which 510 shares were purchased on October
15, 1999, 800 shares were purchased on October 18, 1999, 500 shares were
purchased on October 19, 1999, 60 shares were purchased on October 20, 1999,
1,000 shares were purchased on October 22, 1999, 600 shares were purchased on
October 26, 1999, 840 shares were purchased on October 27, 1999, 900 shares
were purchased on October 28, 1999, 672 shares were purchased on October 29,
1999, 800 shares were purchased on November 1, 1999, 420 shares were
purchased on November 2, 1999, 400 shares were purchased on each of November
3, 1999 and November 8, 1999, 1,200 shares were purchased on November 16,
1999, 500 shares were purchased on November 18, 1999, 100 shares were
purchased on November 23, 1999, 80 shares were purchased on November 24,
1999, 1,520 shares were purchased on November 30, 1999 and 80 shares were
purchased on December 1, 1999. Approximately $27,221.89 of working capital
funds was used by Oaktree Account II for the acquisition of such shares of
Common Stock (including brokerage commission).
Effective as of June 10, 1999, the Issuer implemented a one-for-fifteen
combination ("Reverse Stock Split") which reduced the outstanding number of
the Issuer's shares of Common Stock. None of the figures in the remainder of
this Item 3 reflect the Reverse Stock Split.
-13-
<PAGE>
ITEM 4. PURPOSE OF TRANSACTION
The third sentence of Item 4 is hereby amended to read in its entirety as
follows:
"Because the Special Credits Limited Partnership, Trust I, Trust IIIb,
Oaktree Account I and the Opportunities Fund hold 17.5%, 9.4%, 13.7%, 8.2%
and 30.2%, respectively, of the Issuer's outstanding Common Stock, they may
be deemed, either individually or in the aggregate, to have control of the
Issuer.
ITEM 5. INTEREST AND SECURITIES OF THE ISSUER
Item 5 is hereby amended to read in its entirety as follows:
"(a) As of the date of this Schedule 13D, Special Credits Limited
Partnership beneficially owns 1,843,358 shares of Common Stock of the Issuer
(approximately 18.2% of the Issuer's shares of Common Stock), 1,762,724 of
which are issued and outstanding and 80,633 of which the Special Credits
Limited Partnership has the right to acquire within 60 days following the
date hereof pursuant to the exercise of the Warrants; and Special Credits, as
the general partner of the Special Credits Limited Partnership, and as the
investment manager of the Special Credits Account may be deemed to
beneficially own 2,116,511 (1,843,358 shares of the Issuer's Common Stock in
the Special Credits Limited Partnership plus 273,153 shares of the Issuer's
Common Stock in the Special Credits Account) shares of Common Stock of the
Issuer (approximately 21.0% of the Issuer's shares of Common Stock),
2,024,078 of which are issued and outstanding and 92,433 of which Special
Credits has the right to acquire within 60 days following the date hereof
pursuant to the exercise of the Warrants.
As of the date of this Schedule 13D, Trust I beneficially owns 985,098 shares
of Common Stock of the Issuer (approximately 9.8% of the Issuer's shares of
Common Stock), 943,798 of which are issued and outstanding and 41,300 of
which Trust I has the right to acquire within 60 days following the date
hereof pursuant to the exercise of the Warrants; and Trust IIIb beneficially
owns 1,446,183 shares of Common Stock of the Issuer (approximately 14.3% of
the Issuer's shares of Common Stock), 1,383,250 of which are issued and
outstanding and 62,933 of which Trust IIIb has the right to acquire within 60
days following the date hereof pursuant to the exercise of the Warrants.
TCW, as the trustee of the Special Credits Trusts may be deemed to
beneficially own 2,431,281 shares of Common Stock of the Issuer
(approximately 23.9% of the Issuer's shares of Common Stock), 2,327,049 of
which are issued and outstanding and 104,232 of which TCW has the right to
acquire within 60 days following the date hereof pursuant to the exercise of
the Warrants.
TAMCO, as the managing partner of Special Credits may be deemed to
beneficially own the shares of the Issuer's Common Stock held by Special
Credits Limited Partnership and the Special Credits Account as set forth
above, all of which constitute 2,116,511 shares of Common Stock of the Issuer
(approximately 20.8% of the Issuer's shares of Common Stock).
TCWG, as the parent corporation of TCW and TAMCO (as set forth above), may be
deemed to beneficially own shares of the Issuer's Common Stock deemed to be
owned by the other TCW Related Entities, all of which constitutes 4,547,792
shares of the Issuer's Common Stock (approximately 44.3% of the Issuer's
shares of Common Stock). TCWG, TCW and TAMCO each
-14-
<PAGE>
disclaims beneficial ownership of the shares of the Issuer's Common Stock
reported herein and the filing of this Statement shall not be construed as an
admission that any such entity is the beneficial owner of any securities
covered by this Statement.
Mr. Day may be deemed to beneficially own shares of the Issuer's Common Stock
deemed to be owned by the other TCW Related Entities (as set forth above),
all of which constitute 4,547,792 shares of the Issuer's Common Stock
(approximately 44.3% of the Issuer's shares of Common Stock). Mr. Day
disclaims beneficial ownership of the Issuer's Common Stock reported herein
and the filing of this Statement shall not be construed as an admission that
Mr. Day is the beneficial owner of any securities covered by this Statement.
Oaktree Account I beneficially owns 846,327 shares of Common Stock of the
Issuer (approximately 8.4% of the Issuer's shares of Common Stock), 829,660
of which are issued and outstanding and 16,667 of which Oaktree Account I has
the right to acquire within 60 days following the date hereof pursuant to the
exercise of the Warrants.
Oaktree Account II beneficially owns 37,550 shares of Common Stock of the
Issuer (approximately 0.4% of the Issuer's shares of Common Stock) 37,000 of
which are issued and outstanding and 550 of which Oaktree Account II has the
right to acquire within 60 days following the date hereof pursuant to the
exercise of the warrants.
The Opportunities Fund beneficially owns 3,091,774 shares of Common Stock of
the Issuer (approximately 30.6% of the Issuer's shares of Common Stock)
3,037,324 of which are issued and outstanding and 54,450 of which the
Opportunities Fund has the right to acquire within 60 days following the date
hereof pursuant to the exercise of the warrants.
Oaktree, as investment manager of the Oaktree Accounts and general partner of
the Opportunities Fund, may be deemed to be beneficially own 3,975,651 shares
of Common Stock of the Issuer (approximately 39.2% of the Issuer's shares of
Common Stock), 3,903,984 of which are issued and outstanding and 71,667 of
which Oaktree has the right to acquire within 60 days following the date
hereof pursuant to the exercise of the warrants.
(b) Special Credits, as the sole general partner of the Special Credits
Limited Partnership, has discretionary authority and control over all of the
assets of the Special Credits Limited Partnership pursuant to the limited
partnership agreement for such limited partnership including the power to
vote and dispose of the Issuer's Common Stock held by the Special Credits
Limited Partnership. In addition, Special Credits, as the investment manager
of the Special Credits Account has the discretionary authority and control
over all of the assets of such account pursuant to the investment management
agreement relating to such account including the power to vote and dispose of
the Issuer's Common Stock held in the name of the Special Credits Account.
Therefore, Special Credits has the power to vote and dispose of 2,116,511
shares of the Issuer's Common Stock.
TAMCO, as the managing general partner of Special Credits also has the power
to vote and dispose of the shares of the Issuer's Common Stock held by
Special Credits referenced above. Therefore, TAMCO has the power to vote and
dispose of 2,116,511 shares of the Issuer's Common Stock.
-15-
<PAGE>
TCW, as the trustee of the Special Credits Trusts, has discretionary
authority and control over all the assets of the Special Credits Trusts
pursuant to the trust agreement for such trust including the power to vote
and dispose of the Issuer's Common Stock held by the Special Credits Trusts.
Therefore, TCW has the power to vote and dispose of 2,431,281 shares of the
Issuer's Common Stock.
TCWG, as the parent of TCW and TAMCO, may be deemed to have the power to vote
and dispose of the shares of the Issuer's Common Stock that the other TCW
Related Entities have power to vote and dispose, all of which constitutes
4,547,792 shares of the Issuer's Common Stock.
Oaktree, as the investment manager of the Oaktree Accounts, has discretionary
authority and control over all of the assets of such account pursuant to the
investment management agreements relating to such accounts, including the
power to vote and dispose of the Issuer's Common Stock held in the name of
the Oaktree Accounts. Oaktree, as the general partner of the Opportunities
Fund, also has the power to vote and dispose of the shares of the Issuer's
Common Stock held by the Opportunities Fund. Therefore, Oaktree has the
power to vote and dispose of 3,975,651 shares of the Issuer's Common Stock.
(c) None of the TCW Related Entities, and to the best of their knowledge,
none of their respective executive officers, directors, or general partners
has effected transactions involving the issuer's Common Stock during the last
60 days. Except for the purchases by the Oaktree Accounts and the
Opportunities Fund described herein, neither Oaktree, nor, to the best of its
knowledge, any of its executive officers or members, have effected
transactions involving the Issuer's Common Stock during the last 60 days.
The TCW Related Entities, Oaktree and each of the individuals listed in Item
2 disclaim beneficial ownership of the shares of the Issuer's Common Stock
reported herein (except for the shares owned directly by such individuals)
and the filing of this Statement shall not be construed as an admission that
any such person is the beneficial owner of any securities covered by this
Statement.
(d) None
(e) Not applicable"
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
The last paragraph of Item 6 is hereby amended to read in its entirety as
follows:
"Except to the extent the securities referred to in this Statement constitute
assets of the Special Credits Entities, the Special Credits Account, the
Oaktree Accounts and the Opportunities Fund and except as provided in the
Registration Rights Agreement among the Issuer and Special Credits, as agent
and on behalf of the Special Credits Partnership, Special Credits Account and
Special Credits Trusts, by TAMCO, its managing general partner dated as of
December 30, 1994 and amended by and among the (i) Issuer, (ii) Special
Credits, as agent and on behalf of the Special Credits Partnership, Special
Credits Account and Special Credits Trusts, by TAMCO, its managing general
partner, (iii) The Copernicus Fund, L.P. by DDJ Capital Management, LLC, its
general partner and (iv) The Galileo Fund, L.P. by DDJ Capital Management,
LLC, its general
-16-
<PAGE>
partner as of February 21, 1996 and as further amended June 10, 1996, August
6, 1997 and June 5, 1998 providing that the Special Credits Entities, the
Special Credits Account and Oaktree Account I have demand registration
rights, "piggy-back" registration rights and shelf registration rights with
respect to all of the shares of the Issuer's Common Stock currently held by
such entities; the Common Stock Purchase Agreement dated as of February 21,
1996 (as amended) as more fully described in Item 3 above; the Unit Purchase
Agreement dated August 6, 1997 as more fully described in Item 3 above, the
8% Series B Convertible Preferred Stock Purchase Agreement dated June 5, 1998
as more fully described in Item 3 above; and the Standby Purchase Agreement
as more fully described in Item 3 above together with the Registration Rights
Agreement of even date therewith as more fully described in Item 4 above,
there are no contracts, arrangements, understandings or relationships (legal
or otherwise) among the persons named in Item 2, or, to the best of the TCW
Related Entities' and Oaktree's knowledge, their respective executive
officers, directors or general partners, or between such persons and any
other person with respect to any securities of the Issuer."
-17-
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certify that the information set forth in this Statement is true,
complete and correct.
Dated as of this 3rd day of December, 1999.
THE TCW GROUP, INC.
By: /s/ Susan Marsch
---------------------------------------
Susan Marsch
Authorized Signatory
TRUST COMPANY OF THE WEST
By: /s/ Kenneth Liang
----------------------------------------
Kenneth Liang, Authorized Signatory
TCW ASSET MANAGEMENT COMPANY
By: /s/ Kenneth Liang
----------------------------------------
Kenneth Liang, Authorized Signatory
TCW SPECIAL CREDITS
By: /s/ Kenneth Liang
------------------------------------------
Kenneth Liang, Authorized Signatory of
TCW Asset Management Company, the
Managing General Partner of TCW
Special Credits
TCW SPECIAL CREDITS FUND IIIb
By: /s/ Kenneth Liang
------------------------------------------
Kenneth Liang, Authorized Signatory
of TCW Asset Management Company, the Managing
General Partner of TCW Special Credits, the
General Partner of TCW Special Credits Fund IIIb
-18-
<PAGE>
TCW SPECIAL CREDITS TRUST
By: /s/ Kenneth Liang
---------------------------------------------
Kenneth Liang, Authorized Signatory of
Trust Company of the West, the trustee of
TCW Special Credits Trust
TCW SPECIAL CREDITS TRUST IIIb
By: /s/ Kenneth Liang
---------------------------------------------
Kenneth Liang, Authorized Signatory of
Trust Company of the West, the trustee of
TCW Special Credits Trust IIIb
ROBERT A. DAY
By: /s/ Susan Marsch
---------------------------------------------
Susan Marsch
Under Power of Attorney dated March 31,
1999, on file with Schedule 13G for Hibbett
Sporting Goods, Inc., dated April 9, 1999
OAKTREE CAPITAL MANAGEMENT, LLC
By: /s/ Kenneth Liang
--------------------------------------------
Kenneth Liang
Managing Director
General Counsel
WEYERHAEUSER COMPANY MASTER RETIREMENT TRUST
By: Oaktree Capital Management, LLC
its Investment Manager
By: /s/ Kenneth Liang
-------------------------------------------
Kenneth Liang
Managing Director
General Counsel
-19-
<PAGE>
OCM OPPORTUNITIES FUND II, L.P.
By: Oaktree Capital Management, LLC
its General Partner
By: /s/ Kenneth Liang
---------------------------------------
Kenneth Liang
Managing Director
General Counsel
-20-
<PAGE>
SCHEDULE I
BOARD OF DIRECTORS
OF
TCW GROUP, INC.
All of the following individuals are directors of TCW Group, Inc. Each
director is a citizen of the United States of America unless otherwise
specified below:
JOHN M. BRYAN
- -------------
Partner
Bryan & Edwards
600 Montgomery St., 35th Floor
San Francisco, CA 94111
ROBERT A. DAY
- -------------
Chairman of the Board,
Chairman and Chief Executive Officer
Trust Company of the West
200 Park Avenue, Suite 2200
New York, New York 10166
DAMON P. DE LASZLO, ESQ.
- ------------------------
Managing Director of Harwin
Engineers S.A., Chairman & D.P.
Advisers Holdings Limited
Byron's Chambers
A2 Albany, Piccadilly
London W1V 9RD - England
(Citizen of United Kingdom)
WILLIAM C. EDWARDS
- ------------------
Partner - Bryan & Edwards
3000 Sand Hill Road, Suite 190
Menlo Park, CA 94025
ERNEST O. ELLISON
- -----------------
Vice Chairman
Trust Company of the West
865 South Figueroa St., Suite 1800
Los Angeles, California 90017
HAROLD R. FRANK
- ---------------
Chairman of the Board
Applied Magnetics Corporation
75 Robin Hill Rd.
Goleta, CA 93017
-21-
<PAGE>
CARLA A. HILLS
- --------------
1200 19th Street, N.W.
5th Floor
Washington, DC 20036
DR. HENRY A. KISSINGER
- ----------------------
Chairman
Kissinger Associates, Inc.
350 Park Ave., 26th Floor
New York, NY 10022
THOMAS E. LARKIN, JR.
- ---------------------
President
Trust Company of the West
865 South Figueroa St., Suite 1800
Los Angeles, CA 90017
KENNETH L. LAY
- --------------
Enron Corp.
1400 Smith Street
Houston, TX 77002-7369
MICHAEL T. MASIN, ESQ.
- ----------------------
Vice Chairman
GTE Corporation
One Stamford Forum
Stamford, CT 06904
EDFRED L. SHANNON, JR.
- ----------------------
Investor/Rancher
1000 S. Fremont Ave.
Alhambra, CA 91804
ROBERT G. SIMS
- --------------
Private Investor
11828 Rancho Bernardo, Box 1236
San Diego, CA 92128
MARC I. STERN
- -------------
President
The TCW Group, Inc.
865 South Figueroa St., Suite 1800
Los Angeles, CA 90017
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