<PAGE>
SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
SCHEDULE 13D/A*
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)
*(Amendment No. 3)
Worldtex, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
981907108
(CUSIP Number)
William Ehrman
350 Park Avenue, 11th Fl., New York, NY 10022 (212) 755-9000
(Name, address and telephone number of person
authorized to receive notices and communications)
May 22, 2000
(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition that is the subject of this Schedule 13D,
and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box [X].
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(b) for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 31 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 the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for purposes 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>
------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
EGS Associates, L.P.
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
------------------------------------------------------------------------------
(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
------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
1,083,430
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,083,430
------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,083,430
------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
7.6%
------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
PN
------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
2
<PAGE>
------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
EGS Partners, L.L.C.
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
OO
------------------------------------------------------------------------------
(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
------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
19,660
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
19,660
------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
19,660
------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
.1%
------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IA
------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
3
<PAGE>
------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
Bev Partners, L.P.
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
------------------------------------------------------------------------------
(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
------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
414,947
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
414,947
------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
414,947
------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
2.9%
------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
PN
------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
4
<PAGE>
------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
Jonas Partners, L.P.
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
------------------------------------------------------------------------------
(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
New York
------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
21,500
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
21,500
------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
21,500
------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
0.2%
------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
PN
------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
5
<PAGE>
------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
William Ehrman
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
AF, OO
------------------------------------------------------------------------------
(5) CHECK BOX 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
-0-
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
1,539,537
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,539,537
------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,539,537
------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
10.8%
------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN
------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
6
<PAGE>
------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
Frederic Greenberg
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
AF, OO
------------------------------------------------------------------------------
(5) CHECK BOX 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
-0-
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
1,539,537
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,539,537
------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,539,537
------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
10.8%
------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN
------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
7
<PAGE>
------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
Julia Oliver
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
AF, OO
------------------------------------------------------------------------------
(5) CHECK BOX 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
-0-
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
1,539,537
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,539,537
------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,539,537
------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
10.8%
------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN
------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
8
<PAGE>
------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
Jonas Gerstl
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
AF, OO
------------------------------------------------------------------------------
(5) CHECK BOX 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
-0-
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
1,539,537
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,539,537
------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,539,537
------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
10.8%
------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN
------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
9
<PAGE>
------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
EGS Management, L.L.C.
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
------------------------------------------------------------------------------
(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
WC, OO
------------------------------------------------------------------------------
(5) CHECK BOX 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
-0-
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
1,519,877
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,519,877
------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,519,877
------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
10.6%
------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
00
------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
10
<PAGE>
The Schedule 13D initially filed by (i) EGS Associates, L.P. ("EGS
Associates") (ii) EGS Partners, L.L.C.("EGS Partners"), (iii) Bev Partners,
L.P. ("Bev Partners"), (iv) Jonas Partners, L.P. ("Jonas Partners"), (v)
William Ehrman, (vi) Frederic Greenberg, (vii) Julia Oliver,(viii) Jonas
Gerstl and (ix) EGS Management, L.L.C.("EGS Management") (collectively, the
"Reporting Persons") on February 28, 2000 and amended by Amendment No. 1 on
April 3, 2000 (as amended, the "Schedule 13D") relating to the common stock,
$.01 par value (the Common Stock") issued by Worldtex, Inc., a Delaware
corporation (the "Company"), is hereby amended by this Amendment No. 2 as
follows:
ITEM 2. Identity and Background.
Item 2 is hereby amended as follows:
As of May 22, 2000, a managed account terminated the authority of EGS Partners
to manage the investments of such managed account and withdrew the voting
securities from the custody and control of EGS Partners and the individual
Reporting Persons such that EGS Partners and the individual Reporting Persons
ceased to beneficially own the shares.
ITEM 3. Source and Amount of Funds and Other Consideration.
None
ITEM 5. Interest in Securities of the Issuer.
Item 5 is hereby amended and restated as follows:
(a) The approximate aggregate percentage of Common Stock reported
beneficially owned by each person herein is based on 14,271,171 shares
outstanding, which is the total number of shares of Common Stock outstanding
as of August 14, 2000, as reflected in the Company's quarterly report on Form
10-Q filed with the Securities and Exchange Commission (the "Commission") for
the fiscal quarter ended June 30, 1999.
As of the close of business on September 20, 2000:
(i) EGS Associates owns beneficially 756,830 shares of Common
Stock, constituting approximately 5.3% of the shares outstanding.
(ii) EGS Partners owns directly no shares of Common Stock.
By reason of the provisions of Rule 13D-3 of the Securities Exchange Act of
1934, as amended (the "Act"), EGS Partners may be deemed to own beneficially
15,060 shares, constituting less than 1% of the shares outstanding, purchased
for discretionary accounts managed by it.
11
<PAGE>
(iii) Bev Partners owns beneficially 290,747 shares of Common Stock,
constituting approximately 2.0% of the shares outstanding.
(iv) Jonas Partners owns beneficially 16,900 shares of Common
Stock, constituting less than 1% of the shares outstanding.
(v) Messrs. Ehrman, Greenberg and Gerstl and Ms. Oliver own
directly no shares of Common Stock.
(vii) EGS Management owns directly no shares of Common Stock. By
reason of provisions of Rule 13d-3 of the Act, EGS Management may be deemed to
own beneficially the 1,064,477 shares beneficially owned by EGS Associates,
BEV Partners and Jonas Partners.
(viii) By reason of the provisions of Rule 13D-3 of the Act, each of
the Managing Members may be deemed to own the 756,830 shares of Common Stock
beneficially owned by EGS Associates, the 15,060 shares beneficially owned by
EGS Partners, the 290,747 shares beneficially owned by Bev Partners and the
16,900 shares beneficially owned by Jonas Partners. When the shares
beneficially owned by EGS Associates, EGS Partners, EGS Management, Bev
Partners and Jonas Partners are aggregated, they total 1,079,537 shares of
Common Stock, constituting approximately 7.6% of the shares outstanding.
(ix) In the aggregate, the Reporting Persons own beneficially a
total of 1,079,537 shares of Common Stock, constituting approximately 7.6% of
the shares outstanding.
(b) The trading dates, number of shares purchased or sold and price
per share for all transactions in the Common Stock since close of business
March 27, 2000 by EGS Associates, EGS Partners, Bev Partners and Jonas
partners, L.P. are set forth in Schedules A, B, C and D and, except as
indicated, were all effected in the over-the-counter market. During such
period, Messrs. Greenberg, Gerstl and Lautman and Ms. Oliver, did not enter
into any transactions in the Common Stock.
(c) Subject to Item 6 below, each of EGS Associates, EGS Partners,
Bev Partners and Jonas Partners has the power to vote on all of the shares of
Common Stock and to dispose of all of the shares of Common Stock beneficially
owned by it, which power may be exercised by the Managing Members. Each of
the discretionary accounts is party to an investment management agreement with
EGS Partners pursuant to which EGS Partners has investment authority with
respect to securities held in such account.
(d) No person other than each respective record owner of Common Stock
referred to herein is known to have the right to receive or the power to
direct the receipt of dividends from or the proceeds of sale of such Common
Stock.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
12
<PAGE>
Under the Standstill Agreement, the Reporting Persons agreed, among
other things, not to (i) acquire additional shares of Common Stock, (ii)
encourage other persons to acquire Common Stock, (iii) submit or encourage a
proposal for the acquisition of the Company, (iv) make any solicitation of
proxies for Common Stock, (v) sell any Common Stock, except sales of not more
than 5% of the outstanding shares in any 90 day period so long as the buyer is
not and will not thereby become the beneficial owner of 5% or more of the
Common Stock or (vi) submit any shareholder proposal. In addition, each
Reporting Person agreed to vote the Common Stock beneficially owned by it, at
its option, (i) in the manner recommended by the Company's Board of Directors
or (ii) in the same proportion as the votes of other holders of Common Stock.
The Reporting Persons also agreed to make payment to the Company aggregating
$800,000, in reimbursement of certain current and future expenses. The term
of the Standstill Agreement is ten years.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None
13
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
DATED: September 21, 2000
/s/ William Ehrman
--------------------------------
William Ehrman, individually and as Managing
Member of EGS Management, L.L.C. on behalf
of EGS Management, L.L.C. and on behalf of
EGS ASSOCIATES, L.P., BEV PARTNERS, L.P. and JONAS
PARTNERS, L.P., and as a member of EGS PARTNERS,
L.L.C.
/s/ Frederic Greenberg
--------------------------------
Frederic Greenberg, individually
/s/ Jonas Gerstl
--------------------------------
Jonas Gerstl, individually
/s/ Julia Oliver
--------------------------------
Julia Oliver, individually
14
<PAGE>
Schedule A
----------
EGS Associates, L.P.
--------------------
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
---------------------------------------------------------------------------
9/20/00 (326,600) .375
15
<PAGE>
Schedule B
----------
EGS Partners, L.L.C.
--------------------
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
---------------------------------------------------------------------------
9/20/00 (4600) .375
16
<PAGE>
Schedule C
----------
Bev Partners, L.P.
--------------------
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
---------------------------------------------------------------------------
9/20/00 (124,200) .375
17
<PAGE>
Schedule D
----------
Jonas Partners, L.P.
--------------------
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
---------------------------------------------------------------------------
9/20/00 (4,600) .375
18
<PAGE>
PURSUANT TO RULE 13D-1(F) 1
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13D, as amended, is filed on behalf of each of the undersigned and
that all subsequent amendments to this statement on Schedule 13D, as amended,
shall be filed on behalf of each of the undersigned without the necessity of
filing additional joint acquisition statements. The undersigned acknowledge
that each shall be responsible for the timely filing of such amendments, and
for the completeness and accuracy of the information concerning him or it
contained therein, but shall not be responsible for the completeness and
accuracy of the information concerning the other, except to the extent that he
or it knows or has reason to believe that such information is inaccurate.
DATED: September 21, 2000
/s/ William Ehrman
--------------------------------
William Ehrman, individually and as Managing
Member of EGS Management, L.L.C. on behalf
of EGS Management, L.L.C. and on behalf of
EGS ASSOCIATES, L.P., BEV PARTNERS, L.P. and JONAS
PARTNERS, L.P., and as a member of EGS PARTNERS,
L.L.C.
/s/ Frederic Greenberg
--------------------------------
Frederic Greenberg, individually
/s/ Jonas Gerstl
--------------------------------
Jonas Gerstl, individually
/s/ Julia Oliver
--------------------------------
Julia Oliver, individually
19
00126001.AH9
