UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. [4])*
MONACO FINANCE, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Class A Common Stock
Class B Common Stock and
8% Cumulative Convertible Preferred Stock, Series 1998-1
- --------------------------------------------------------------------------------
(Title of Class of Securities)
Class A Common Stock - 608868-105
Class B Common Stock - None
8% Cumulative Convertible Preferred Stock, Series 1998-1 - None
- --------------------------------------------------------------------------------
(CUSIP Number)
Cathryn L. Porter, Chief General Counsel
Pacific USA Holdings Corp.
3200 Southwest Freeway, Suite 1220
Houston, Texas 77027 (713) 871-0111
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
December 16, 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 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. [ ]
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
* 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
- --------------------------------------------------------------------------------
CLASS A COMMON STOCK CUSIP No. 608868-105
CLASS B COMMON STOCK CUSIP NO. NONE
8% CUMULATIVE CONVERTIBLE PREFERRED STOCK, SERIES 1998-1 CUSIP NO. NONE
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Pacific USA Holdings Corp.
IRS Identification No. 75-2255876
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X] (b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF -----------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 1,484,863 shares of Class A Common Stock
OWNED BY 171,743 shares of Class B Common Stock (3 votes per
share)
EACH -----------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 0
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,484,863 shares of Class A Common Stock
2,347,587 shares of 8% Cumulative Convertible Preferred
Stock, Series 1998-1
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 1,484,863 shares of Class A Common Stock (See Item 3)
- Option to purchase, coupled with an irrevocable proxy to vote,
83,000 shares of Class B Common Stock
(3 votes per share)
- Limited power to direct the exercise of voting power with respect
to 88,743 shares of Class B Common
Stock (3 votes per share)
- 2,347,587 shares of 8% Cumulative Convertible Preferred Stock,
Series 1998-1 which are convertible
into 939,035 shares of Class A Common Stock (See Item 3)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
63.44%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
-2-
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CLASS A COMMON STOCK CUSIP No. 608868-105
CLASS B COMMON STOCK CUSIP NO. NONE
8% CUMULATIVE CONVERTIBLE PREFERRED STOCK, SERIES 1998-1 CUSIP NO. NONE
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Pacific Electric Wire & Cable Co., Ltd.
IRS Identification No. -- N/A -- Foreign Corporation
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X] (b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Taiwan, Republic of China
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF -----------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 1,484,863 shares of Class A Common Stock
OWNED BY 171,743 shares of Class B Common Stock (3 votes per
share)
EACH -----------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 0
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,484,863 shares of Class A Common Stock
2,347,587 shares of 8% Cumulative Convertible Preferred
Stock, Series 1998-1
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 1,484,863 shares of Class A Common Stock
- Option to purchase, coupled with an irrevocable proxy to vote,
83,000 shares of Class B Common Stock
(3 votes per share)
- Limited power to direct the exercise of voting power with respect
to 88,743 shares of Class B Common Stock
(3 votes per share)
- 2,347,587 shares of 8% Cumulative Convertible Preferred Stock,
Series 1998-1 which are convertible
into 939,035 shares of Class A Common Stock (See Item 3)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
63.44%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
-3-
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CLASS A COMMON STOCK CUSIP No. 608868-105
CLASS B COMMON STOCK CUSIP NO. NONE
8% CUMULATIVE CONVERTIBLE PREFERRED STOCK, SERIES 1998-1 CUSIP NO. NONE
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Consumer Finance Holdings, Inc.
IRS Identification No. 75-2704763
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X] (b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Nevada
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 1,322,632 shares of Class A Common Stock
OWNED BY 171,743 shares of Class B Common Stock (3 votes per
share)
EACH --------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 0
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,322,632 shares of Class A Common Stock
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 1,484,863 shares of Class A Common Stock
- Option to purchase, coupled with an irrevocable proxy to vote,
83,000 shares of Class B Common Stock
(3 votes per share)
- Limited power to direct the exercise of voting power with respect
to 88,743 shares of Class B Common
Stock (3 votes per share)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
58.29%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
-4-
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CLASS A COMMON STOCK CUSIP No. 608868-105
CLASS B COMMON STOCK CUSIP NO. NONE
8% CUMULATIVE CONVERTIBLE PREFERRED STOCK, SERIES 1998-1 CUSIP NO. NONE
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Pacific Southwest Bank
IRS Identification No. 74-2520389
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X] (b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 162,231 shares of Class A Common Stock
OWNED BY
EACH --------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 0
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
162,231 shares of Class A Common Stock
2,347,587 shares of 8% Cumulative Convertible Preferred
Stock, Series 1998-1
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 162,231 shares of Class A Common Stock
- 2,347,587 shares of 8% Cumulative Convertible Preferred Stock,
Series 1998-1 which are convertible into
939,035 shares of Class A Common Stock (See Item 3)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.15%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
-5-
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CLASS A COMMON STOCK CUSIP No. 608868-105
CLASS B COMMON STOCK CUSIP NO. NONE
8% CUMULATIVE CONVERTIBLE PREFERRED STOCK, SERIES 1998-1 CUSIP NO. NONE
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Pacific Financial Group, Inc.
IRS Identification No. 51-0350769
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X] (b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 162,231 shares of Class A Common Stock
OWNED BY
EACH --------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 0
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
162,231 shares of Class A Common Stock
2,347,587 shares of 8% Cumulative Convertible Preferred
Stock, Series 1998-1
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 162,231 shares of Class A Common Stock
- 2,347,587 shares of 8% Cumulative Convertible Preferred Stock,
Series 1998-1 which are convertible
into 939,035 shares of Class A Common Stock (See Item 3)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.15%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
-6-
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CLASS A COMMON STOCK CUSIP No. 608868-105
CLASS B COMMON STOCK CUSIP NO. NONE
8% CUMULATIVE CONVERTIBLE PREFERRED STOCK, SERIES 1998-1 CUSIP NO. NONE
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First CF Corp.
IRS Identification No. 75-2672933
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X] (b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 162,231 shares of Class A Common Stock
OWNED BY
EACH --------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 0
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
162,231 shares of Class A Common Stock
2,347,587 shares of 8% Cumulative Convertible Preferred
Stock, Series 1998-1
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 162,231 shares of Class A Common Stock
- 2,347,587 shares of 8% Cumulative Convertible Preferred Stock,
Series 1998-1 which are convertible
into 939,035 shares of Class A Common Stock (See Item 3)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.15%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
-7-
<PAGE>
1. Security and Issuer.
This Statement relates to the Class A common stock, $.01 par value ("Class
A Common Stock"), the Class B common stock, $.01 par value ("Class B Common
Stock"), and the 8% Cumulative Convertible Preferred Stock, Series 1998-1
("Preferred Stock"), of Monaco Finance, Inc., a Colorado corporation ("Issuer"
or "Monaco"). The Class A Common Stock is registered pursuant to Section 12(g)
of the Securities Exchange Act of 1934, as amended. Each 2.5 shares of
Preferred Stock is convertible into one share of Class A Common Stock at any
time. The address of the Issuer's principal executive offices is 8400 Crescent
Parkway, Suite 190, Greenwood Village, Colorado, 80111.
2. Identity and Background.
(a) Name: This Statement is being filed by Pacific USA Holdings Corp.,
a Texas corporation ("Pacific"), Pacific Electric Wire & Cable Co., Ltd., a
Taiwanese limited company ("Pacific Electric"), Consumer Finance Holdings, Inc.,
a Nevada corporation ("Consumer"), Pacific Southwest Bank, a federal savings
bank ("PSB"), First CF Corp., a Texas corporation ("First CF"), and Pacific
Financial Group, Inc., a Delaware corporation ("Pacific Financial") and is
intended to amend the prior Schedules 13D filed separately by Pacific, Pacific
Electric, and Consumer on or about May 6, 1997, an Amendment No. 1 to that
Schedule 13D filed jointly by Pacific, Pacific Electric, and Consumer on
December 4, 1997, an Amendment No. 2 to that Schedule 13D filed jointly by
Pacific, Pacific Electric, Consumer, PSB, First CF, and Pacific Financial on
March 16, 1998, and an Amendment No. 3 to that Schedule 13D filed jointly by
Pacific, Pacific Electric, Consumer, PSB, First CF, and Pacific Financial on
October 8, 1998. Pacific, directly and indirectly, is a wholly owned
subsidiary of Pacific Electric. Consumer is a wholly owned subsidiary of
Pacific. Pacific Financial is a wholly owned subsidiary of Pacific. PSB is a
wholly owned subsidiary of Pacific Financial. First CF is a wholly owned
subsidiary of PSB. The executive officers and directors of Pacific, Pacific
Electric, Consumer, PSB, Pacific Financial, and First CF (hereinafter
collectively referred to as "Reporting Person") are set forth in Item 2(c) of
this Statement. The filing of this Statement shall not be construed as an
admission that Reporting Person, or any executive officers or directors is, for
the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934,
as amended (the "Exchange Act"), the beneficial owner of any securities covered
by this Statement or that this schedule is required to be filed by such persons.
(b) Business Address: The business address of Pacific and Consumer is
2740 N. Dallas Parkway, Suite 200, Plano, Texas 75093. The business address of
PSB is 800 N. Shoreline Blvd., Suite 200 South Tower, Corpus Christi, Texas
78401. The business address of Pacific Financial is c/o The Corporation Trust
Company, Corporation Trust Center, 1209 Orange Street, Wilmington, Delaware
19801. The business address of First CF is 4144 North Central Expressway, Suite
106, Dallas, Texas 75204. The business address of Pacific Electric is 4th Fl.,
285 Chung Hsiao East Road, Section 4, Taipei, Taiwan, Republic of China. The
business address of Reporting Person's respective executive officers and
directors are set forth in Item 2(c).
(c) Present Principal Occupation or Employment: Pacific is a
diversified holding company engaged in the financial services, real estate and
technology industries. Pacific Electric is a general business conglomerate
founded on the electric cable and wire industry, engaged in manufacturing,
telecommunications and technology. Consumer is a holding company engaged in
consumer finance. PSB is a federal savings bank. Pacific Financial is a
federal savings bank holding company. First CF is a financial services holding
company. The present principal occupation or employment of Pacific's, Pacific
Electric Consumer's, PSB's, Pacific Financial's, and First CF's respective
executive officers and directors and the name and address of any corporation or
other organizations in which such employment is conducted is as follows:
<TABLE>
<CAPTION>
Board of Directors of Pacific
-----------------------------
Present Principal
Name Business Address Occupation Citizenship
- ------------------------------------------ --------------------------------------- ------------------------- -------------
<S> <C> <C> <C>
Tung Yu-jeh Pacific Electric Wire & Cable Co., Ltd. Chairman of the Board Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
-8-
<PAGE>
Sun Tao-tsun Pacific Electric Wire & Cable Co., Ltd. President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Hu Hung-chiu Pacific Electric Wire & Cable Co., Ltd. Executive Vice President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, and Chief Financial Officer
Section 4 Pacific Electric Wire &
Taipei , Taiwan, Republic of China Cable Co., Ltd.
Lee Pon-yean Pacific Electric Wire & Cable Co., Ltd. Vice President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Tung Ching-yun c/o Pacific USA Holdings Corp Vice President, Pacific Taiwan, ROC
2740 N. Dallas Parkway, Suite 200 Electric Wire & Cable Co.,
Plano, Texas 75093 Ltd., and Vice President
Pacific USA Holdings
Corp.
Larry D. Horner c/o Pacific USA Holdings Corp Chief Executive Officer United States
2740 N. Dallas Parkway, Suite 200 PUSA Investment
Plano, Texas 75093 Company
Bill C. Bradley c/o Pacific USA Holdings Corp Chief Executive Officer United States
2740 N. Dallas Parkway, Suite 200 Pacific USA Holdings
Plano, Texas 75093 Corp.
Board of Directors of Pacific Electric
--------------------------------------
Present Principal
Name Business Address Occupation Citizenship
- ------------------------------------------ --------------------------------------- ------------------------- -------------
Tung Yu-jeh c/o Pacific USA Holdings Corp Chairman of the Board Taiwan, ROC
2740 N. Dallas Parkway, Suite 200 Pacific Electric Wire &
Plano, Texas 75093 Cable Co., Ltd.
Lee Yu-tien Pacific Electric Wire & Cable Co., Ltd. Vice Board Chairman Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Sun Chen Shu-chuan Pacific Electric Wire & Cable Co., Ltd. Executive Director Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Cheng I-chou Pacific Electric Wire & Cable Co., Ltd. Executive Director Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Chiao Ting-piao Pacific Electric Wire & Cable Co., Ltd. Executive Director Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
-9-
<PAGE>
Sun Tao-tsun Pacific Electric Wire & Cable Co., Ltd. President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Lee Chao-chun Pacific Electric Wire & Cable Co., Ltd. Director Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Lee Pon-yean Pacific Electric Wire & Cable Co., Ltd. Vice President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Liu Wei-kang Pacific Electric Wire & Cable Co., Ltd. Director Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Tung Ching-yun c/o Pacific USA Holdings Corp Vice President Taiwan, ROC
2740 N. Dallas Parkway, Suite 200 Pacific USA
Plano, Texas 75093 Holdings Corp.
Lee Ta-jen Pacific Electric Wire & Cable Co., Ltd. Director Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Chiao Yu-chi Pacific Electric Wire & Cable Co., Ltd. Director Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Sun Tao-chi Pacific Electric Wire & Cable Co., Ltd. Director Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Lee Ta-cheng Pacific Electric Wire & Cable Co., Ltd. Vice President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Cheng Chao-chun Pacific Electric Wire & Cable Co., Ltd. Vice President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Sun Tao-heng Pacific Electric Wire & Cable Co., Ltd. Vice President Taiwan, ROC
4th Ft., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
-10-
<PAGE>
Yuan Pei-yu Pacific Electric Wire & Cable Co., Ltd. President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Systems, Inc.
Section 4
Taipei, Taiwan, Republic of China
Asao Ito c/o Pacific Electric Wire & Cable Co., Sumitomo Electric Ind., Japan
4th Fl, 285, Chung Hsiao East Road, Ltd: c/o Pacific Electric
Section 4 Wire & Cable Co., Ltd.
Taipei, Taiwan, Republic of China 4th Fl., 285, Chung Hsiao
East Road, Section 4
Taipei, Taiwan, Republic
of China.
Kuo Chih-Wei United Electronics Industry Co., Ltd. President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, United Electronics Industry
Section 4 Co., Ltd.
Taipei, Taiwan, Republic of China
Chang-Min- chiang Pacific Electric Wire & Cable Co., Ltd. Chairman Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Greenbay Entertainment
Section 4 Co., Ltd.
Taipei, Taiwan, Republic of China
Tony Yuan Pacific Electric Wire & Cable Co., Ltd. Director Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Tung Hsiu-chun Pacific Electric Wire & Cable Co., Ltd. Director Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Board of Directors of Consumer
------------------------------
Present Principal
Name Business Address Occupation Citizenship
- ------------------------------------------ --------------------------------------- ------------------------- -------------
Bill C. Bradley c/o Pacific USA Holdings Corp. CEO United States
2740 N. Dallas Parkway, Suite 200 Pacific USA Holdings
Plano, Texas 75093 Corp.
Executive Officers of Pacific
-----------------------------
Present Principal
Name Business Address Occupation Citizenship
- ------------------------------------------ --------------------------------------- ------------------------- -------------
Larry D. Horner c/o Pacific USA Holdings Corp. Chairman of the Board of United States
2740 N. Dallas Parkway, Suite 200 Pacific USA Holdings
Plano, Texas 75093 Corp., CEO of PUSA Invest-
Investment ment Company
Bill C. Bradley c/o Pacific USA Holdings Corp. Chief Executive Officer United States
2740 N. Dallas Parkway, Suite 200 Pacific USA Holdings
Plano, Texas 75093 Corp.
-11-
<PAGE>
Michael K. McCraw c/o Pacific USA Holdings Corp. Chief Financial Officer United States
2740 N. Dallas Parkway, Suite 200 Pacific USA Holdings
Plano, Texas 75093 Corp.
Cathryn L. c/o Pacific USA Holdings Corp. Chief General Counsel United States
Porter 3200 Southwest Freeway Pacific USA Holdings
Suite 1220 Corp.
Houston, Texas 77027
Kristie A. Lipes c/o Pacific USA Holdings Corp. Chief Administrative United States
2740 N. Dallas Parkway, Suite 200 Officer
Plano, Texas 75093 Pacific USA Holdings
Corp.
Executive Officers of Pacific Electric
---------------------------------------
Present Principal
Name Business Address Occupation Citizenship
- ------------------------------------------ --------------------------------------- ------------------------- -------------
Tung Yu-jeh Pacific Electric Wire & Cable Co., Ltd. Chairman Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Sun Tao-tsun Pacific Electric Wire & Cable Co., Ltd. President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Sun Tao-heng Pacific Electric Wire & Cable Co., Ltd. Vice President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Lee Pon-yean Pacific Electric Wire & Cable Co., Ltd. Vice President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Lee Ta-cheng Pacific Electric Wire & Cable Co., Ltd. Vice President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Cheng Chao- chun Pacific Electric Wire & Cable Co., Ltd. Vice President Taiwan, ROC
4th Fl., 285, Chung Hsiao East Road, Pacific Electric Wire &
Section 4 Cable Co., Ltd.
Taipei, Taiwan, Republic of China
Tung Ching-yun c/o Pacific USA Holdings Corp Vice President Taiwan, ROC
2740 N. Dallas Parkway, Suite 200 Pacific Electric Wire &
Plano, Texas 75093 Cable Co., Ltd.,
Vice President
Pacific USA
Holdings Corp.
-12-
<PAGE>
Executive Officers of Consumer
--------------------------------
Present Principal
Name Business Address Occupation Citizenship
- ------------------------------------------ --------------------------------------- ------------------------- -------------
Bill C. Bradley c/o Pacific USA Holdings Corp. CEO United States
2740 N. Dallas Parkway, Suite 200 Pacific USA Holdings
Plano, Texas 75093 Corp.
Michael K. McCraw c/o Pacific USA Holdings Corp. Chief Financial Officer United States
2740 N. Dallas Parkway, Suite 200 Pacific USA Holdings
Plano, Texas 75093 Corp.
Board of Directors of PSB
-------------------------
Present Principal
Name Business Address Occupation Citizenship
- ------------------------------------------ --------------------------------------- ------------------------- -------------
Tung Yu-jeh Pacific Electric Wire & Cable Co., Ltd. Chairman of the Board Taiwan, ROC
4th Fl, 285, Chung Hsiao E. Rd., Sec. 4 Pacific Southwest Bank
Taipei, Taiwan, ROC Pacific Electric Wire &
Cable Co., Ltd.
Sun Tao-tsun Pacific Electric Wire & Cable Co., Ltd. President Taiwan, ROC
4th Fl, 285, Chung Hsiao E. Rd., Sec. 4 Pacific Electric Wire &
Taipei, Taiwan, ROC Cable Co., Ltd.
Hu Hung-chiu Pacific Electric Wire & Cable Co., Ltd. Executive Vice President Taiwan, ROC
4th Fl, 285, Chung Hsiao E. Rd., Sec. 4 and Chief Financial Officer
Taipei, Taiwan, ROC Pacific Electric Wire &
Cable Co., Ltd.
Lee Pon-yean Pacific Electric Wire & Cable Co., Ltd. Vice President Taiwan, ROC
4th Fl, 285, Chung Hsiao E. Rd., Sec. 4 Pacific Electric Wire &
Taipei, Taiwan, ROC Cable Co., Ltd.
Bill C. Bradley c/o Pacific USA Holdings Corp. CEO United States
2740 N. Dallas Parkway, Suite 200 Pacific USA Holdings
Plano, Texas 75093 Corp.
Bobby Hashaway c/o Pacific Southwest Bank President/CEO United States
4144 No. Central Expressway Pacific Southwest Bank
Suite 160
Dallas, TX 75204
Larry D. Horner c/o Pacific USA Holdings Corp. Chairman of the Board United States
2740 N. Dallas Parkway, Suite 200 Pacific USA Holdings
Plano, Texas 75093 Corp., CEO - PUSA
Investment Company
Lam Chun-hung PhD. c/o Southern Methodist University Chairman, Finance United States
Edwin Cox School of Business Department
6212 Bishop, Crow Bldg., #394
Dallas, TX 75275
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J. Ewing Walker, Jr. c/o Ward Howell International Consultant United States
1000 Louisiana #3150
Houston, TX 77002
William P. Clark, Jr. c/o Lockhart Motor Company Owner, Automobile United States
303 W. San Antonio Dealership
Lockhart, TX 78644
Executive Officers of PSB
-------------------------
Present Principal
Name Business Address Occupation Citizenship
- ------------------------------------------ --------------------------------------- ------------------------- -------------
Bobby L. Hashaway Pacific Southwest Bank President, EVP United States
4144 No. Central Expressway #160 & Chief Financial Officer
Dallas, TX 75204 Pacific Southwest Bank
William D. Dodge, III Pacific Southwest Bank Executive Vice President United States
800 No. Shoreline Blvd., #200 So. Pacific Southwest Bank
Corpus Christi, TX 78401
Board of Directors of Pacific Financial
---------------------------------------
Present Principal
Name Business Address Occupation Citizenship
- ------------------------------------------ --------------------------------------- ------------------------- -------------
Tung Yu-jeh Pacific Electric Wire & Cable Co., Ltd. Chairman of the Board Taiwan, ROC
4th Fl, 285, Chung Hsiao E. Rod., Sec. 4 Pacific Southwest Bank
Taipei, Taiwan, ROC Pacific Electric Wire &
Cable Co., Ltd.
Sun Tao-tsun Pacific Electric Wire & Cable Co., Ltd. President Taiwan, ROC
4th Fl, 285, Chung Hsiao E. Rod., Sec. 4 Pacific Electric Wire &
Taipei, Taiwan, ROC Cable Co., Ltd.
Hu Hung-chiu Pacific Electric Wire & Cable Co., Ltd. Executive Vice President Taiwan, ROC
4th Fl, 285, Chung Hsiao E. Rod., Sec. 4 and Chief Financial Officer
Taipei, Taiwan, ROC Pacific Electric Wire &
Cable Co.
Lee Pon-yean Pacific Electric Wire & Cable Co., Ltd. Vice President
4th Fl, 285, Chung Hsiao E. Rod., Sec. 4 Pacific Electric Wire &
Taipei, Taiwan, ROC Cable Co.
Executive Officers of Pacific Financial
---------------------------------------
Present Principal
Name Business Address Occupation Citizenship
- ------------------------------------------ --------------------------------------- ------------------------- -------------
Sun Tao-tsun Pacific Electric Wire & Cable Co., Ltd. President Taiwan, ROC
4th Fl, 285, Chung Hsiao E. Rod., Sec. 4 Pacific Electric Wire &
Taipei, Taiwan, ROC Cable Co., Ltd.
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<PAGE>
Hu Hung-chiu Pacific Electric Wire & Cable Co., Ltd. Executive Vice President Taiwan, ROC
4th Fl, 285, Chung Hsiao E. Rod., Sec. 4 and Chief Financial Officer
Taipei, Taiwan, ROC Pacific Electric Wire &
Cable Co.
Board of Directors of First CF
------------------------------
Present Principal
Name Business Address Occupation Citizenship
- ------------------------------------------ --------------------------------------- ------------------------- -------------
Bobby L. Hashaway Pacific Southwest Bank Executive Vice President United States
4144 No. Central Expressway #160 & Chief Financial Officer
Plano, Texas 75093 Pacific Southwest Bank
Executive Officers of First CF
------------------------------
Present Principal
Name Business Address Occupation Citizenship
- ------------------------------------------ --------------------------------------- ------------------------- -------------
Bobby L. Pacific Southwest Bank Executive Vice President United States
Hashaway 4144 No. Central Expressway #160 & Chief Financial Officer
Plano, Texas 75093 Pacific Southwest Bank
</TABLE>
(d) Criminal Convictions: During the last five years, neither
Reporting Person nor any of the respective executive officers or directors has
been convicted in a criminal proceeding, excluding traffic violations and
similar misdemeanors.
(e) Court or Administrative Proceedings: During the last five years,
neither Reporting Person nor any of the respective executive officers or
directors has been a party to a civil proceeding of a judicial or administrative
body of competent jurisdiction as a result of which any of them were or are
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.
(f) Citizenship: Pacific is a Texas corporation. Pacific Electric is
incorporated as a Taiwanese limited company. Consumer is a Nevada corporation.
PSB is a federal savings bank located in Texas. Pacific Financial is a Delaware
corporation. First CF is a Texas corporation. The citizenship of each director
and executive officer of Pacific, Pacific Electric and Consumer is set forth in
Item 2(c) of this Statement.
3. Source and Amount of Funds and Other Consideration:
By letters dated December 13,1999, Morris Ginsburg ("Ginsburg") exercised
his option to "put" to Consumer 58,000 shares of Class B Common Stock of Monaco
for the consideration of $1,160,000 and the Sandler Family Partners, Ltd.
("Sandler") exercised its option to "put" to Consumer 25,000 shares of Class B
Common Stock of Monaco for the consideration of $500,000, for an aggregate of
83,000 shares of Class B Common Stock of Monaco in consideration of $1,660,000,
pursuant to the terms of the Option Agreement effective as of December 4, 1997
made and entered into by and among Consumer, Ginsburg and Sandler (the "Option
Agreement"). The source of funds for this transaction, which were paid on
December 16, 1999 was working capital of Consumer which had previously been
deposited into an escrow account established pursuant to the Option Agreement.
4. Purpose of Transaction.
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<PAGE>
The purpose of the transaction for which the Statement is being prepared is
to acquire the Class B Common Stock required to be purchased by Consumer
pursuant to the "put" options exercised by Sandler and Ginsburg pursuant to the
Option Agreement.
Except as described below or reported on a previous Schedule 13D or an
amendment thereto, Reporting Person has no present plans or intentions to effect
any of the following:
(a) the acquisition by any person of additional securities of the
Issuer, or the disposition of securities of the Issuer;
(b) an extraordinary corporate transaction such as a merger,
reorganization or liquidation, involving the Issuer or any of its subsidiaries;
(c) a sale or transfer of a material amount of assets of the Issuer or
any of its subsidiaries;
(d) any change in the present board of directors or management of the
Issuer, including any plans or proposals to change the number or term of the
directors or to fill any existing vacancies of the board:
(e) any material change in the present capitalization or dividend
policy of the Issuer;
(f) any other material change in the Issuer's business or corporate
structure;
(g) changes in the Issuer's charter, by-laws or instruments
corresponding thereto or other actions which may impede the acquisition of
control of the Issuer by any person:
(h) causing a class of securities of the Issuer to be delisted from a
national securities exchange or to cease to be authorized to be quoted in an
inter-dealer quotation system of a registered national securities association;
(i) a class of eligible equity securities of the issuer becoming
eligible for termination of registration pursuant to Section 12(g)(4) of the
Act; or
(j) any action similar to those enumerated above.
5. Interest in Securities of the Issuer.
(a) Reporting Person has beneficial ownership of 1,484,863 shares of
Monaco Class A Common Stock, 171,743 shares of Class B Common Stock, and
2,347,587 shares of the Preferred Stock (see discussion below). The percentage
of Monaco Class A Common Stock beneficially owned by Reporting Person is 56.3%.
The percentage of Monaco Class B Common Stock beneficially owned by Reporting
Person is 100%. The percentage of Preferred Stock beneficially owned by
Reporting Person is 100%. The percentage of Issuer's total voting power
controlled by Reporting Person is 63.44%. The Reporting Person entered into an
Amended and Restated Asset Purchase Agreement (the "Purchase Agreement") dated
as of January 8, 1998, with the Issuer providing for, among other things, the
purchase by the company of sub-prime automobile loans having an unpaid principal
balance of approximately $81,115,233 for a purchase price of $77,870,623 of
which $73,003,709 was paid in cash. The balance of the purchase price,
$4,866,914, was paid by the issuance of 2,433,457 shares of Preferred Stock. As
of the date hereof and pursuant to the Purchase Agreement, the Reporting Person
had repurchased delinquent loans sold to the Issuer for the Issuer's cost of
$2.6 million, and pursuant to the Purchase Agreement, the Reporting Person has
surrendered 85,870 shares of Preferred Stock to the Issuer for cancellation.
Each 2.5 shares of Preferred Stock is convertible at any time into one share of
Class A Common Stock or an aggregate of up to 939,035 shares of Class A Common
Stock. A 1-for-5 reverse split of all common shares outstanding occurred
November 23,1998. All related amounts and disclosures in this Amendment No. 4
have been adjusted to reflect this reverse stock split.
(b) Reporting Person has full voting power with respect to the shares
of the Class A Common Stock beneficially owned by it and has shared dispositive
power with respect to the shares of Class A Common Stock beneficially owned by
it. Reporting Person has full voting power with respect to the 83,000 Class B
-16-
<PAGE>
Common Stock and has the right to direct the exercise of all consensual or other
voting rights with respect to 88,743 additional shares of Class B Common Stock
to which Pacific holds a proxy. The Preferred Stock held by Reporting Person
does not have any voting rights prior to conversion.
(c) Except as described above or in the Schedule 13D or an amendment
thereto, neither Reporting Person nor any person named in Section 2(c) hereto
owns beneficially any shares of Common Stock of Monaco or has effected any
transaction in shares of Common Stock of Monaco during the sixty (60) days
preceding the date of this Statement.
(d) No person other than Reporting Person is known to Reporting Person
to have the right to receive or the power to direct the receipt of dividends
from, or the proceeds from the sale of, the shares of Class A Common Stock
beneficially owned by them; except that, during the term of the Option
Agreement, and prior to any exercise of the option or put contemplated therein,
the holders of the Class B Common Stock which are the subject of such Agreement
are entitled to retain any dividends received on such shares.
(e) Not applicable.
6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer.
Other than as indicated elsewhere in this Statement or in the Schedule 13D
or the amendments thereto, to the best knowledge of Reporting Person, neither
Reporting Person nor any of the persons named in Section 2(c) hereto is a party
to any contract, arrangement, understanding, or relationship (legal or
otherwise) with any person with respect to any securities of the Issuer,
including but not limited to, the transfer or voting of any of the Issuer's
securities, finder's fees, joint ventures, loan or option arrangements, puts or
calls, guarantees of profits, division of profits or loss, or the giving or
withholding of proxies, except as follows:
See Item 3.
7. Material to be Filed as Exhibits.
Exhibit 99.01: Joint Filing Agreement
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<PAGE>
Signatures
After reasonable inquiry and to the best of each of the undersigned's knowledge
and belief, the undersigned certify that the information set forth in this
statement is true, complete and correct.
Date: January 4, 2000 Pacific USA Holdings Corp.
By: /s/ Bill C. Bradley
-------------------------
Bill C. Bradley
Chief Executive Officer
Pacific Electric Wire & Cable Co., Ltd.
By: /s/ Tung Ching-yun
-----------------------
Tung Ching-yun
Vice President
Consumer Finance Holdings, Inc.
By: /s/ Bill C, Bradley
-------------------------
Bill C. Bradley
Chief Executive Officer
Pacific Southwest Bank
By: /s/ Bobby Hashaway
-----------------------
Bobby Hashaway
Chief Financial Officer
Pacific Financial Group, Inc.
By: /s/ Sun Tao-tsun
---------------------
Sun Tao-tsun
Chief Executive Officer
First CF Corp.
By: /s/ Bobby Hashaway
-----------------------
Bobby Hashaway
Chief Executive Officer
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<PAGE>
EXHIBIT 99.01
AGREEMENT OF JOINT FILING
Pursuant to Rule 13d-1(f) promulgated under the Securities Exchange Act
of 1934, as amended, the undersigned persons hereby agree to file with the
Securities and Exchange Commission, the Statement on Schedule 13D (the
"Statement") to which this Agreement is attached as an exhibit, and agree that
such Statement, as so filed, is filed on behalf of each of them.
This Agreement may be executed in counterparts, each of which when so
executed shall be deemed to be an original, and all of which together shall be
deemed to constitute one and the same instrument.
IN WITNESS WHEREOF, the undersigned have executed this Agreement.
Dated: January 4, 2000
Pacific Southwest Bank Pacific USA Holdings Corp.
By: /s/ Bobby Hashaway By: /s/ Bill C. Bradley
------------------------ -----------------------------
Bobby Hashaway Bill C. Bradley
Chief Financial Officer Chief Executive Officer
Pacific Financial Group, Inc. Pacific Electric Wire & Cable Co., Ltd.
By: /s/ Sun Tao-tsun By: /s/ Tung Ching-yun
------------------------ -----------------------------
Sun Tao-tsun Tung Ching-yun
Chief Executive Officer Vice President
First CF Corp. Consumer Finance Holdings, Inc.
By: /s/ Bobby Hashaway By: /s/ Bill C. Bradley
------------------------ -----------------------------
Bobby Hashaway Bill C. Bradley
Chief Executive Officer Chief Executive Officer
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<PAGE>
