<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 4)
RIDDELL SPORTS INC.
(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
(Title of Class of Securities)
765670-10-4
(CUSIP Number)
Lisa Marroni, Esq.
RIDDELL SPORTS INC.
900 THIRD AVE - FLOOR 27
NEW YORK, NEW YORK 10022
(212) 826-4300
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
August 25, 1997
(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: ( )
<PAGE>
13D
CUSIP NO. 765670-10-4
- ----------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS M.L.C. PARTNERS LIMITED PARTNERSHIP
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS 13-3507237
- ----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) (X)
(b) ( )
- ----------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------------------
4 SOURCE OF FUNDS OO
- ----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) ( )
- ----------------------------------------------------------------------------
6 CITIZEN OR PLACE OF ORGANIZATION DELAWARE
- ----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 43,750
SHARES ---------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER NONE
OWNED BY ---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 830,281
REPORTING ---------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER NONE
- ----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
830,281
- ----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ( )
- ----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.1%
- ----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON PN
- ----------------------------------------------------------------------------
13D
CUSIP NO. 765670-10-4
- ----------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS ROBERT HOLDINGS, INC.
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS 38-2991917
- ----------------------------------------------------------------------------
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 ITEM 2(d) or 2(e) ( )
- ----------------------------------------------------------------------------
6 CITIZEN OR PLACE OF ORGANIZATION MICHIGAN
- ----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER NONE
<PAGE>
SHARES ---------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER NONE
OWNED BY ---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 830,281
REPORTING ---------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER NONE
- ----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
830,281
- ----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ( )
- ----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.1%
- ----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON CO
- ----------------------------------------------------------------------------
13D
CUSIP NO. 765670-10-4
- ----------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS QEN, INC.
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS 38-2826611
- ----------------------------------------------------------------------------
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 ITEM 2(d) or 2(e) ( )
- ----------------------------------------------------------------------------
6 CITIZEN OR PLACE OF ORGANIZATION MICHIGAN
- ----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 50,000
SHARES ---------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER NONE
OWNED BY ---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 50,000
REPORTING ---------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER NONE
- ----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
50,000
- ----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ( )
- ----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
LESS THAN 1%
- ----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON CO
- ----------------------------------------------------------------------------
<PAGE>
13D
CUSIP NO. 765670-10-4
- ----------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS ROBERT NEDERLANDER
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS ###-##-####
- ----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) (X)
(b) ( )
- ----------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------------------
4 SOURCE OF FUNDS OO
- ----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) ( )
- ----------------------------------------------------------------------------
6 CITIZEN OR PLACE OF ORGANIZATION UNITED STATES
- ----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 5,264,137
SHARES ---------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER NONE
OWNED BY ---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 1,643,737
REPORTING ---------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER NONE
- ----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,264,137
- ----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ( )
- ----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 52.4%
- ----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
- ----------------------------------------------------------------------------
13D
CUSIP NO. 765670-10-4
- ----------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS R.E.R. CORP.
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS 38-276-7825
- ----------------------------------------------------------------------------
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 ITEM 2(d) or 2(e) ( )
- ----------------------------------------------------------------------------
6 CITIZEN OR PLACE OF ORGANIZATION MICHIGAN
- ----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER NONE
SHARES ---------------------------------------------------------
<PAGE>
BENEFICIALLY 8 SHARED VOTING POWER NONE
OWNED BY ---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 529,364
REPORTING ---------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER NONE
- ----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
529,364
- ----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ( )
- ----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.8%
- ----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON CO
- ----------------------------------------------------------------------------
13D
CUSIP NO. 765670-10-4
- ----------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS JOHN MCCONNAUGHY, JR.
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS ###-##-####
- ----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) (X)
(b) ( )
- ----------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------------------
4 SOURCE OF FUNDS OO
- ----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) ( )
- ----------------------------------------------------------------------------
6 CITIZEN OR PLACE OF ORGANIZATION UNITED STATES
- ----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER NONE
SHARES ---------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER NONE
OWNED BY ---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 714,308
REPORTING ---------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER NONE
- ----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
714,308
- ----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ( )
- ----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.8%
- ----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
- ----------------------------------------------------------------------------
13D
<PAGE>
CUSIP NO. 765670-10-4
- ----------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS JEMC CORP.
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS ###-##-####
- ----------------------------------------------------------------------------
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 ITEM 2(d) or 2(e) ( )
- ----------------------------------------------------------------------------
6 CITIZEN OR PLACE OF ORGANIZATION DELAWARE
- ----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER NONE
SHARES ---------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER NONE
OWNED BY ---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 529,364
REPORTING ---------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER NONE
- ----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
529,364
- ----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ( )
- ----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.8%
- ----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON CO
- ----------------------------------------------------------------------------
13D
CUSIP NO. 765670-10-4
- ----------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS DAVID MAUER
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS ###-##-####
- ----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) (X)
(b) ( )
- ----------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------------------
4 SOURCE OF FUNDS PF
- ----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) ( )
- ----------------------------------------------------------------------------
6 CITIZEN OR PLACE OF ORGANIZATION UNITED STATES
- ----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER NONE
SHARES ---------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER NONE
<PAGE>
OWNED BY ---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 361,525
REPORTING ---------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER NONE
- ----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
361,525
- ----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ( )
- ----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.9%
- ----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
- ----------------------------------------------------------------------------
13D
CUSIP NO. 765670-10-4
- ----------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS DAN COUGILL
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS ###-##-####
- ----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) (X)
(b) ( )
- ----------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------------------
4 SOURCE OF FUNDS PF
- ----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) ( )
- ----------------------------------------------------------------------------
6 CITIZEN OR PLACE OF ORGANIZATION UNITED STATES
- ----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER NONE
SHARES ---------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER NONE
OWNED BY ---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 92,677
REPORTING ---------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER NONE
- ----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
92,677
- ----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ( )
- ----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.0%
- ----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
- ----------------------------------------------------------------------------
13D
CUSIP NO. 765670-10-4
<PAGE>
- ----------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS LENNY CORP.
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS 13-3970019
- ----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) (X)
(b) ( )
- ----------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------------------
4 SOURCE OF FUNDS WC, OO
- ----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) ( )
- ----------------------------------------------------------------------------
6 CITIZEN OR PLACE OF ORGANIZATION DELAWARE
- ----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER NONE
SHARES ---------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER NONE
OWNED BY ---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 966,443
REPORTING ---------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER NONE
- ----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
966,443
- ----------------------------------------------------------------------------
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 CO
- ----------------------------------------------------------------------------
13D
CUSIP NO. 765670-10-4
- ----------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS LEONARD TOBOROFF, P.C. DEFINED
BENEFIT PLAN
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS ###-##-####
- ----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) (X)
(b) ( )
- ----------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------------------
4 SOURCE OF FUNDS OO
- ----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) ( )
- ----------------------------------------------------------------------------
6 CITIZEN OR PLACE OF ORGANIZATION DELAWARE
- ----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER NONE
SHARES ---------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER NONE
<PAGE>
OWNED BY ---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 118,611
REPORTING ---------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER NONE
- ----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
118,611
- ----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ( )
- ----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.3%
- ----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON OO
- ----------------------------------------------------------------------------
13D
CUSIP NO. 765670-10-4
- ----------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS LEONARD TOBOROFF
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS ###-##-####
- ----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) (X)
(b) ( )
- ----------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------------------
4 SOURCE OF FUNDS OO
- ----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) ( )
- ----------------------------------------------------------------------------
6 CITIZEN OR PLACE OF ORGANIZATION UNITED STATES
- ----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER NONE
SHARES ---------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER NONE
OWNED BY ---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 1,342,003
REPORTING ---------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER NONE
- ----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,342,003
- ----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ( )
- ----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.7%
- ----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
- ----------------------------------------------------------------------------
13D
CUSIP NO. 765670-10-4
<PAGE>
- ----------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS JEFFREY G. WEBB
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS ###-##-####
- ----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) (X)
(b) ( )
- ----------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------------------
4 SOURCE OF FUNDS PF
- ----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) ( )
- ----------------------------------------------------------------------------
6 CITIZEN OR PLACE OF ORGANIZATION UNITED STATES
- ----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER NONE
SHARES ---------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER NONE
OWNED BY ---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 1,109,887
REPORTING ---------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER NONE
- ----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,109,887
- ----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES ( )
- ----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.8%
- ----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
- ----------------------------------------------------------------------------
This Amendment No. 4 amends the Schedule 13D filed on February 15, 1994 and
amended on August 9, 1995, May 10, 1996 and June 26, 1997 (the "Schedule 13D")
by M.L.C. Partners Limited Partnership, a Delaware limited partnership ("MLC")
and its three general partners, Robert Holdings, Inc., a Michigan corporation
("Robert Holdings"), Lenny Corp., a Delaware corporation ("Lenny Corp.") and
Financial Trustees, Inc., a Florida corporation ("FTI"), and also, QEN, Inc., a
Michigan corporation ("QEN"), Robert E. Nederlander ("Nederlander") and John
McConnaughy, Jr. ("McConnaughy"), relating to the common stock (the "Common
Stock"), par value $.01 per share (the "Shares"), of Riddell Sports Inc. (the
"Company").
Item 2. Identity and Background.
Item 2 is hereby amended and supplemented as follows:
This Statement is being filed by MLC, its general partner, Robert Holdings,
and also Lenny Corp, Leonard Toboroff, P.C., Defined Benefit Plan, a pension
plan intended to be qualified pursuant to Section 401(a) of the Internal Revenue
Code of 1986, as amended ("Benefit Plan"), JEMC Corp., a Delaware corporation
("JEMC"), QEN, R.E.R. Corp., a Michigan corporation ("RER"), Nederlander,
McConnaughy, Leonard Toboroff ("Toboroff"), David Mauer
<PAGE>
("Mauer"), Dan Cougill ("Cougill") and Jeffrey Webb ("Webb"). MLC, Robert
Holdings, RER, Lenny Corp., Benefit Plan, JEMC, QEN, Nederlander, McConnaughy,
Toboroff, Mauer and Cougill are hereinafter sometimes collectively referred to
as the "Original Reporting Persons" and collectively with Webb, the "Reporting
Persons."
The names, business address, present principal occupation or employment and
address of any corporation or organization in which such employment is
conducted, of the executive officers and directors and controlling stockholders
of Robert Holdings, Lenny Corp., Benefit Plan, RER, JEMC and QEN are set forth
on Schedule A, B, C, D, E and F, attached hereto, respectively.
None of the Reporting Persons, and to the knowledge of the Reporting
Persons, the persons set forth on Schedules A through F, attached hereto, has,
during the last five years, (i) been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) or (ii) been a party to a
civil proceeding of a judicial or administrative body of competent jurisdiction
and as a result of such proceeding was or is 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.
Item 3. Source and Amount of Funds or Other
Consideration.
Item 3 is hereby amended as follows:
This report reflects the vesting of 3,750 Shares underlying certain options
granted to Mr. Cougill pursuant to the Company's 1991 Stock Option Plan, and
347,760 Shares underlying certain options granted to Mr. Webb under the
Company's 1997 Stock Option Plan more fully described in Item 4, which options
are either exercisable currently and have not previously been reported on
Schedule 13D or are exercisable within 60 days of this Amendment No. 4, and
therefore are deemed beneficially owned by such persons in accordance with Rule
13d-3(d) of the Securities Exchange Act of 1934, as amended. The options were
granted as incentive for the continued services of such persons as officers
and/or directors of the Company and no funds were required in exchange for the
grant of such options.
As described more fully below, this report also relates to an increase in
Nederlander's beneficial ownership by 351,510 Shares resulting from the terms of
a Stockholders Agreement, dated as of August 14, 1995, by and among Robert
Nederlander, as voting trustee (the "Voting Trustee") under the Voting Trust
Agreement dated as of May 29, 1991, by and among the Company and all of the
stockholders of the Company listed on Schedule A thereto (the "Voting Trust
Agreement"), Lenny Corp., a Delaware corporation, Leonard Toboroff, P.C. Defined
Benefit Plan ("Benefit Plan"), Toboroff, Mauer, Cougill, RER and JEMC, pursuant
to an amendment, dated June 26, 1997 (the "Amendment"), by and among the
Reporting Persons. The Stockholders Agreement conveys voting control to
Nederlander over Shares which are beneficially owned by Cougill, Mauer,
McConnaughy and Toboroff and JEMC, Lenny Corp. and Benefit Plan and Webb.
Item 4
Item 4 is hereby amended to provide as follows:
This amendment to Schedule 13D is filed for the following reasons:
<PAGE>
Cougill and Webb are directors and/or officers of the Company who have
received grants of stock options under the Company's 1991 Stock Option Plan and
1997 Stock Option Plan, respectively. As listed below, some of these options
have recently vested in accordance with their terms, and such persons are deemed
to beneficially own the shares of Common Stock underlying such options. The
options owned by Cougill were granted September 28, 1995 and will become
exercisable September 28, 1997. The options owned by Mr. Webb were granted on
August 23, 1997 pursuant to the terms of Mr. Webb's Employment Agreement with
the Company dated as of May 5, 1997 and become fully exercisable on August 23,
1997.
Accordingly, this Amendment No. 4 amends the Schedule 13D to include the
beneficial ownership by certain of the Reporting Persons of the following number
of shares of Common Stock underlying options currently exercisable and not
previously reported on this Schedule 13D or exercisable within 60 days:
Name Number of Shares Exercise price per Share
- ---- ---------------- ------------------------
Dan Cougill 3,750 $3.375
Jeffrey Webb 347,760 3.80
In addition, pursuant to the voting agreement contained in the
Stockholder's Agreement, Nederlander is deemed to beneficially own the 3,750
shares beneficially owned by Mr. Cougill and the 347,760 shares beneficially
owned by Mr. Webb and reported herein, and Messrs. Cougill and Webb no longer
have sole voting power with respect to those shares.
As a result of the option vesting described above, the Reporting Persons
beneficially own an aggregate of 5,264,137 Shares, representing 52.4% of the
outstanding Common Stock. By virtue of the foregoing, the Reporting Persons may
be deemed to exercise control over the management and affairs of the Company.
The Reporting Persons intend to review their investment in the Company on a
continuing basis and reserve the right to acquire additional shares of Common
Stock in the open market or in privately negotiated transactions or otherwise,
to maintain their holdings at current levels or to sell all or a portion of
their holdings in the open market or in privately negotiated transactions or
otherwise, subject, in Webb's case, to applicable federal securities law
limitations on sales of restricted securities. Any such actions will depend
upon, among others, the availability of shares of Common Stock for purchase at
satisfactory price levels; the continuing evaluation of the Company's business,
financial condition, operations and prospects; general market, economic and
other conditions; the relative attractiveness of alternative business and
investment opportunities; the availability of financing; the actions of the
management and other future developments.
Except as otherwise set forth above in this Item 4, the Reporting Persons
have no present plans or prospects which relate to or would result in any of the
actions described in parts (a) through (j) of Items 4 of Schedule 13D.
Item 5. Interest in Securities of the Issuer.
Item 5 is hereby amended as follows:
(a) Based on the most recent publicly available filing with the
<PAGE>
Securities and Exchange Commission there are 9,054,154 Shares of Common Stock
issued and outstanding. MLC is the direct beneficial owner of 830,281 Shares
(all of which are subject to the Voting Trust), representing 9.1% of the
outstanding Shares of Common Stock. Robert Holdings may be deemed to
beneficially own 830,281 Shares as it is the general partner of MLC.
Nederlander beneficially owns (i) individually and as controlling
stockholder of Robert Holdings, RER and QEN, 1,643,737 Shares (of which 983,123
are subject to the Voting Trust) and (ii) an additional 3,620,400 Shares, as
voting trustee under the Voting Trust and pursuant to the Stockholders'
Agreement, (5,264,137 Shares in the aggregate), representing 52.4% of the
currently issued and outstanding Shares of Common Stock.
Cougill beneficially owns 92,677 Shares, representing 1% of the currently
issued and outstanding Shares of Common Stock.
Webb beneficially owns 1,109,887 Shares of Common Stock, representing 11.4%
of the currently issued and outstanding shares of Common Stock, all of which are
subject to the Stockholders' Agreement; Webb has sole dispositive power with
respect to such Shares.
(b) Nederlander, pursuant to the Voting Trust has sole power to vote all of
the Shares owned by MLC (other than 43,750 Shares underlying a Warrant that are
currently exercisable) and all of the Shares subject to the Voting Trust owned
by Nederlander and McConnaughy (as set forth in Item 5(a) above).
Pursuant to the Stockholders' Agreement the Reporting Persons have agreed
to vote those Shares beneficially owned by them, and not subject to the Voting
Trust, as Nederlander, as the voting trustee under the Voting Trust, votes the
Shares held pursuant to the Voting Trust and (i) in favor of Webb and a designee
of Webb as directors of the Company and (ii) in favor of the Riddell Sports Inc.
1997 Stock Option Plan (heretofore approved). As a result thereof, Nederlander
has sole voting power of all of the Shares of Common Stock currently held by the
Reporting Persons pursuant to the Stockholders' Agreement (5,264,137 Shares in
the aggregate).
(c) None.
(d) None.
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the
Issuer.
No Change.
Item 7. Material to be Filed as Exhibits.
None
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certifies that the information set forth in this Statement is true,
complete and correct.
Dated: August 23, 1997
<PAGE>
M.L.C. PARTNERS LIMITED
PARTNERSHIP
By: Robert Holdings, Inc.
its General Partner
by: /s/ Robert E. Nederlander
Robert E. Nederlander
President
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certifies that the information set forth in this Statement is true,
complete and correct.
Dated: August 23, 1997
ROBERT HOLDINGS, INC.
By: /s/ Robert E. Nederlander
Robert E. Nederlander
President
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certifies that the information set forth in this Statement is true,
complete and correct.
Dated: August 23, 1997
R.E.R. CORP.
By: /s/ Robert E. Nederlander
Robert E. Nederlander
President
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certifies that the information set forth in this Statement is true,
complete and correct.
Dated: August 23, 1997
QEN, INC.
<PAGE>
By: /s/ Robert E. Nederlander
Robert E. Nederlander
President
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Statement is true, complete and
correct.
Dated: August 23, 1997
/s/ Robert E. Nederlander
Robert E. Nederlander
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certifies that the information set forth in this Statement is true,
complete and correct.
Dated: August 23, 1997
JEMC CORP.
By: /s/ John McConnaughy, Jr.
John McConnaughy, Jr.
President
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Statement is true, complete and
correct.
Dated: August 23, 1997
/s/ John McConnaughy, Jr.
John McConnaughy, Jr.
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certifies that
<PAGE>
the information set forth in this Statement is true, complete and correct.
Dated: August 23, 1997
LENNY CORP.
By: /s/ Leonard Toboroff
Leonard Toboroff
President
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certifies that the information set forth in this Statement is true,
complete and correct.
Dated: August 23, 1997
LEONARD TOBOROFF, P.C.
DEFINED BENEFIT PLAN
By: /s/ Leonard Toboroff
Leonard Toboroff
Trustee
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Statement is true, complete and
correct.
Dated: August 23, 1997
/s/ Leonard Toboroff
Leonard Toboroff
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Statement is true, complete and
correct.
Dated: August 23, 1997
/s/ David Mauer
David Mauer
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Statement is true, complete and
correct.
Dated: August 23, 1997
/s/ Dan Cougill
Dan Cougill
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Statement is true, complete and
correct.
Dated: August 23, 1997
/s/ Jeffrey G. Webb
Jeffrey G. Webb
Schedule A
DIRECTORS AND EXECUTIVE OFFICERS OF ROBERT HOLDINGS, INC.
Name and Position/Present Principal
Business Address Occupation or Employment
- ---------------- --------------------------
Robert E. Nederlander President,
c/o Robert Nederlander Chief Executive Officer and
810 Seventh Avenue Chief Financial Officer
New York, NY 10019
Principal Occupation --
President of Nederlander
Organization, Inc., which
is engaged in the
theatrical business.
Mr. Nederlander is a United
States citizen.
Schedule B
<PAGE>
DIRECTORS AND EXECUTIVE OFFICERS OF LENNY CORP.
Name and Position/Present Principal
Business Address Occupation or Employment
- ---------------- --------------------------
Leonard Toboroff President and Chief
c/o The Corporation Trust Executive Officer.
Company
1209 Orange Street Principal Occupation -
Wilmington, Delaware 19801 investing.
Mr. Toboroff is a United
States citizen.
Schedule C
TRUSTEE OF LEONARD TOBOROFF, P.C. DEFINED BENEFIT PLAN
Name and Position/Present Principal
Business Address Occupation or Employment
- ---------------- --------------------------
Leonard Toboroff Trustee
1125 Fifth Avenue
New York, New York 10029 Principal Occupation --
investing.
Mr. Toboroff is a United
States citizen.
Schedule D
DIRECTORS AND EXECUTIVE OFFICERS OF R.E.R CORP.
Name and Position/Present Principal
Business Address Occupation or Employment
- ---------------- --------------------------
Robert E. Nederlander President,
c/o Robert Nederlander Chief Executive Officer and
810 Seventh Avenue Chief Financial Officer
New York, NY 10019
Principal Occupation --
President of Nederlander
Organization, Inc., which
is engaged in the
theatrical business.
Mr. Nederlander is a United
States citizen.
<PAGE>
Schedule E
DIRECTORS AND EXECUTIVE OFFICERS OF JEMC CORP.
Name and Position/Present Principal
Business Address Occupation or Employment
- ---------------- --------------------------
John McConnaughy, Jr. President and Chief
1001 High Ridge Road Executive Officer.
Stamford, CT 06905
Principal Occupation - investing.
Mr. McConnaughy is a United
States citizen.
Schedule F
DIRECTORS AND EXECUTIVE OFFICERS OF QEN, INC.
Name and Position/Present Principal
Business Address Occupation or Employment
- ---------------- --------------------------
Robert E. Nederlander President;
c/o Robert Nederlander Chief Executive Officer and
810 Seventh Avenue Chief Financial Officer.
New York, NY 10019
Principal Occupation --
President of Nederlander
Organization, Inc., which
is engaged in the
theatrical business.
Mr. Nederlander is a United
States citizen.
