<PAGE> 1
Page 1 of 16 pages
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
ELITE INFORMATION GROUP, INC.
(Name of Issuer)
Common Stock, $.01 par value per share
(Title of Class of Securities)
28659M
----------------
(CUSIP Number)
Steven O. Todd
10800 Sikes Place, Suite 300
Charlotte, North Carolina 28277
---------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 14, 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 [ ].
Check the following box if a fee is being paid with the statement [X]. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
This statement contains 16 pages.
The exhibit index is on page 16
<PAGE> 2
SCHEDULE 13D
<TABLE>
<S> <C>
- ----------------------------------------------------- ------------------------------------------------------
CUSIP NO. 28659M PAGE 2 OF 16 PAGES
- ----------------------------------------------------- ------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David A. Finley
- ---------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X
------
(b)
------
- ---------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- ---------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(3)
- ---------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ---------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
82,000
----------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
0
----------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
82,000
----------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ---------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
82,000
- ---------------------------------------------------------------------------------------------------------------------
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
- ---------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 3
SCHEDULE 13D
<TABLE>
<S> <C>
- ----------------------------------------------------- ------------------------------------------------------
CUSIP NO. 28659M PAGE 3 OF 16 PAGES
- ----------------------------------------------------- ------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Roger Noall
- ---------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X
-----
(b)
-----
- ---------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- ---------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(3)
- ---------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ---------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
24,000
---------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
0
---------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
24,000
---------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
24,000
- --------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.3%
- --------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 4
SCHEDULE 13D
<TABLE>
<S> <C>
- ----------------------------------------------------- -------------------------------------------------------------
CUSIP NO. 28659M PAGE 4 OF 16 PAGES
- ----------------------------------------------------- -------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Christopher K. Poole
- ----------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X
------
(b)
------
- ----------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- ----------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(3)
- ----------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
87,668
-----------------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
0
-----------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
87,668
-----------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
87,668
- ----------------------------------------------------------------------------------------------------------------------------
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
- ----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 5
SCHEDULE 13D
<TABLE>
<S> <C>
- ----------------------------------------------------- -------------------------------------------------------------
CUSIP NO. 28659M PAGE 5 OF 16 PAGES
- ----------------------------------------------------- -------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Alan Rich
- ----------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X
-----
(b)
-----
- ----------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- ----------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(3)
- ----------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
18,501
-----------------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
0
-----------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
18,501
-----------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
18,501
- ----------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ----------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.2%
- ----------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 6
SCHEDULE 13D
<TABLE>
<S> <C>
- ----------------------------------------------------- -------------------------------------------------------------
CUSIP NO. 28659M PAGE 6 OF 16 PAGES
- ----------------------------------------------------- -------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
William G. Seymour
- ----------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X
------
(b)
------
- ----------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- ----------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(3)
- ----------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
436,622
-----------------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
0
-----------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
436,622
-----------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
436,622
- ----------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ----------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.2%
- ----------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 7
SCHEDULE 13D
<TABLE>
<S> <C>
- ----------------------------------------------------- -------------------------------------------------------------
CUSIP NO. 28659M PAGE 7 OF 16 PAGES
- ----------------------------------------------------- -------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barry Emerson
- ----------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X
------
(b)
------
- ----------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- ----------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(3)
- ----------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
0
-----------------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
0
-----------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- ----------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ----------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
- ----------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 8
SCHEDULE 13D
<TABLE>
<S> <C>
- ----------------------------------------------------- -------------------------------------------------------------
CUSIP NO. 28659M PAGE 8 OF 16 PAGES
- ----------------------------------------------------- -------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
PAR Investment Partners, L.P.
- ----------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X
-----
(b)
-----
- ----------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------------------------------------------------------------------0
4 SOURCE OF FUNDS*
00
- ----------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(3)
- ----------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- ----------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
1,220,300
-----------------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
0
-----------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,220,300
-----------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,220,300
- ----------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ----------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.5%
- ----------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 9
Page 9 of 16 pages
Item 1. Security and Issuer.
This statement on Schedule 13D (this "Statement") is filed with respect
to shares of Common Stock, $.01 par value per share ("Common Stock"), of Elite
Information Group, Inc., a Delaware corporation (the "Issuer"). The address of
the principal executive offices of the Issuer is 5100 West Goldleaf Circle,
Suite 100, Los Angeles, California 90056.
Item 2. Identity and Background.
This Statement is filed by David A. Finley, Roger Noall, Christopher K.
Poole, Alan Rich, William G. Seymour, Barry Emerson, and PAR Investment
Partners, L.P. (collectively, the "Filing Persons"). Each of the Filing Persons,
other than PAR Investment Partners, L.P. and Barry Emerson, is a director of the
Issuer.
David A. Finley is the President of Investment Management Partners,
Inc. His business address is 21 Bedford Center Road, Bedford Hills, NY 10507.
During the past five years, Mr. Finley has not been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) nor has he
been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction that as a result of which subjects or subjected him 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 violations with respect to such laws. Mr. Finley is a citizen of the United
States.
Roger Noall is an executive at KeyCorp. His business address is 127
Public Square, Cleveland, Ohio 44114-1306. During the past five years, Mr. Noall
has not been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors) nor has he been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction that as a result of
which subjects or subjected him 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 violations with respect to such laws.
Mr. Noall is a citizen of the United States.
Christopher K. Poole is the Chairman of the Board of Directors and the
Chief Executive Officer of the Issuer. His principal business address and the
address of the principal office of the Issuer is 5100 W. Goldleaf Circle, Suite
100, Los Angeles, California 90056. During the past five years, Mr. Poole has
not been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors) nor has he been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction that as a result of
which subjects or subjected him 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 violations with respect to such laws.
Mr. Poole is a citizen of the United States.
Barry Emerson is the Chief Financial Officer of the Issuer. His
principal business address and the address of the principal office of the Issuer
is 5100 W. Goldleaf Circle, Suite 100, Los Angeles, California 90056. During the
past five years, Mr. Emerson has not been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) nor has he been a party
to a civil proceeding of a judicial or administrative body of competent
jurisdiction that as a result of which subjects or subjected him to a judgment,
decree, or final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or
<PAGE> 10
Page 10 of 16 Pages
state securities laws or finding any violations with respect to such laws. Mr.
Emerson is a citizen of the United States.
Alan Rich is currently retired, but provides services as a consultant
to Issuer and as a director and non-employee Chairman of Issuer. His principal
address is 9430 Kirkside Road, Los Angeles, California 90035. During the past
five years, Mr. Rich has not been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors) nor has he been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction that
as a result of which subjects or subjected him 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 violations with
respect to such laws. Mr. Rich is a citizen of the United States.
William G. Seymour is the President of PriMax Properties, LLC. His
principal business address is 1115 East Morehead Street, Charlotte, North
Carolina 28204. During the past five years, Mr. Seymour has not been convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors)
nor has he been a party to a civil proceeding of a judicial or administrative
body of competent jurisdiction that as a result of which subjects or subjected
him 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 violations with respect to such laws.
Mr. Seymour is a citizen of the United States.
PAR Investment Partners, L.P. ("PIP") is a Delaware limited
partnership. Its principal business is that of a private investment partnership
engaging in the purchase and sale of securities for its own account and its
address is Suite 1600, One Financial Center, Boston, Massachusetts 02111.
The sole general partner of PIP is Par Group, L.P. ("PAR Group"), a
Delaware limited partnership. The principal business of PAR Group is that of a
private investment partnership engaging in the purchase and sale of securities
for its own account and its address is Suite 1600, One Financial Center, Boston,
Massachusetts 02111.
The sole general partner of PAR Group is PAR Capital Management, Inc.
("PAR Capital"), a Delaware S corporation. The principal business of PAR Capital
is to act as the general partner of PAR Group. Its offices are located at Suite
1600, One Financial Center, Boston, Massachusetts 02111.
Paul A. Reeder, III is the President and sole director of PAR Capital.
He may be deemed to be a controlling shareholder of PAR Capital. Frederick S.
Downs, Jr. is a vice president of PAR Capital. He may be deemed to be a
controlling shareholder of PAR Capital. Arthur G. Epker, III is a vice president
of PAR Capital. He may be deemed to be a controlling shareholder of PAR Capital.
The business address of Paul A. Reeder, III, Frederick S. Downs, Jr., and Arthur
G. Epker, III is Suite 1600, One Financial Center, Boston, Massachusetts 02111.
During the last five years PIP, PAR Group, and PAR Capital have not (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 as a result of which they 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 violations with respect to such laws.
During the last five years Paul A. Reeder, III, Frederick S. Downs,
Jr., and Arthur G. Epker, III have not (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 as a result of which they were or are subject to a judgment,
decree, or final order enjoining future
<PAGE> 11
Page 11 of 16 Pages
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violations with respect to such laws.
Paul A. Reeder, III, Frederick S. Downs, Jr., and Arthur G. Epker, III
are all citizens of the United States.
Item 3. Source and Amount of Funds or Other Consideration.
The information set forth under Item 4 of this Statement is
incorporated by reference herein. No funds were used in connection with the
execution of the Stockholders Agreement as described herein.
Item 4. Purpose of Transaction.
On December 14, 1999, the Issuer, Solution 6 Holdings, Limited, a New
South Wales, Australia corporation ("Solution 6"), and EIG Acquisition Corp, a
Delaware corporation and an indirect wholly owned subsidiary of Solution 6
("Purchaser") entered into an Agreement and Plan of Merger providing for the
making of a cash tender offer (the "Offer") by Purchaser to purchase all of the
issued and outstanding shares of Common Stock of the Issuer at a price per share
of $11.00 (the "Offer Price"), and for the merger of Issuer and Purchaser (the
"Merger Agreement"). To induce Solution 6 and Purchaser to enter into the Merger
Agreement, on December 14, 1999, the Filing Persons entered into a Stockholders
Agreement (the "Stockholders Agreement") with Solution 6 and Purchaser, whereby
each Filing Person agreed (1) to tender at the Offer Price any of the shares of
Common Stock owned by such Filing Person in the Offer, if so directed by
Purchaser, (2) to sell to Purchaser at the Offer Price all of the shares of
Common Stock owned by such Filing Person that were not tendered in the Offer
immediately following the expiration of the Offer, and (3) to grant to Purchaser
an irrevocable option exercisable upon the occurrence of certain specified
events, to purchase any or all of the shares of Common Stock owned by such
Filing Person and any and all options owned by such Filing Person to purchase
shares of Common Stock. In addition, under the Stockholders Agreement, each
Filing Person agreed to irrevocably grant to certain representatives of Solution
6, the proxy of such Filing Person, and to irrevocably appoint such
representatives as the attorney-in-fact for such Filing Person to vote the
shares of Common Stock of the Filing Person in favor of the Merger Agreement and
the transactions contemplated thereby, and against any alternative transaction.
The Merger Agreement contemplates that upon acceptance for payment of,
and payment by Purchaser for, any shares of Common Stock of the Issuer pursuant
to the Offer, Purchaser shall be entitled to designate such number of directors
on the Board of Directors of the Issuer as will give Purchaser, subject to
compliance with Section 14(f) of the Securities Exchange Act of 1934,
representation on the Board of Directors of the Issuer proportional to the
percentage
<PAGE> 12
Page 12 of 16 Pages
ownership of the Purchaser of shares of Common Stock of the Issuer; provided,
however, that until such time as a merger of Issuer and Purchaser is effective
as contemplated by the Merger Agreement, there shall remain at least two
directors on the Board of Directors of the Issuer who were directors on the
Board of Directors of the Issuer prior to execution of the Merger Agreement. The
Merger Agreement also contemplates that, subject to the approval of the
shareholders of the Issuer if required, the Purchaser shall merge with and into
the Issuer, with the Issuer to be the surviving corporation. At such time as the
merger is effective, the certificate of incorporation and the bylaws of the
surviving corporation would be amended to read in their entirety the same as the
certificate of incorporation and the bylaws, respectively, of the Purchaser in
effect immediately prior to the merger; provided that the name of the surviving
corporation shall continue to be Elite Information Group, Inc.
Item 5. Interest in Securities of the Issuer.
(a) (1) David A. Finley may be deemed to beneficially own
82,000 shares of Common Stock. On the basis of
8,489,380 shares of Common Stock outstanding, such
shares constitute 1.0 percent of the outstanding
shares of common stock.
(2) Roger Noall may be deemed to beneficially own 24,000
shares of Common Stock. On the basis of 8,413,380
shares of Common Stock outstanding, such shares
constitute .28 percent of the outstanding shares of
common stock.
(3) Christopher K. Poole may be deemed to beneficially
own 87,668 shares of Common Stock. On the basis of
8,492,048 shares of Common Stock outstanding, such
shares constitute 1.0 percent of the outstanding
shares of common stock.
(4) Alan Rich may be deemed to beneficially own 18,501
shares of Common Stock. On the basis of 8,427,881
shares of Common Stock outstanding, such shares
constitute .22 percent of the outstanding shares of
common stock.
(5) William G. Seymour may be deemed to beneficially own
436,622 shares of Common Stock. On the basis of
8,413,380 shares of Common Stock outstanding, such
shares constitute 5.2 percent of the outstanding
shares of common stock.
(6) Barry Emerson may be deemed to beneficially own 0
shares of Common Stock. On the basis of 8,409,380
shares of Common Stock outstanding, such shares
constitute 0 percent of the outstanding shares of
common stock.
(7) PAR Investment Partners, L.P. may be deemed to
beneficially own 1,220,300 shares of Common Stock. On
the basis of 8,409,380 shares of Common Stock
outstanding, such shares constitute 14.5 percent of
the outstanding shares of common stock.
<PAGE> 13
Page 13 of 16 Pages
(b) The following table sets forth, with respect to each of the Filing
Persons, the number of shares of Common Stock as to which such person has sole
power to vote or to direct the vote, shared power to vote or to direct the vote,
sole power to dispose or direct the disposition, or shared power to dispose or
direct the disposition.
<TABLE>
<CAPTION>
Sole Shared Sole Power Shared Power
Person Voting Power Voting Power to Dispose to Dispose
------ ------------ ------------ ---------- ------------
<S> <C> <C> <C> <C>
David A. Finley 82,000 0 82,000 0
Roger Noall 24,000 0 24,000 0
Christopher K. Poole 87,668 0 87,668 0
Alan Rich 18,501 0 18,501 0
William G. Seymour 436,622 0 436,622 0
Barry D. Emerson 0 0 0 0
PAR Investment Partners, L.P. 1,220,300 0 1,220,300 0
</TABLE>
(c) The information set forth in Item 4 is incorporated by reference
herein.
(d) The information set forth in Item 4 is incorporated by reference
herein.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
The information set forth in Item 4 is incorporated by reference
herein.
Item 7. Material to be Filed as Exhibits.
(a) The Stockholders Agreement dated December 14, 1999, between
Solution 6, Purchaser and the Filing Persons is filed as
Exhibit 1 hereto and is incorporated by reference to Exhibit
99.2 to the Issuer's Schedule 14D-9 filed with the Securities
and Exchange Commission on December 21, 1999.
(b) The Joint Filing Agreement between the Filing Persons is filed
as Exhibit 2 hereto.
(c) The Power of Attorney of David A. Finley dated December 17,
1999, with respect to the execution of this Statement and any
amendments thereto, is filed as Exhibit 3 hereto.
(d) The Power of Attorney of Roger Noall dated December 17, 1999,
with respect to the execution of this Statement and any
amendments thereto, is filed as Exhibit 4 hereto.
<PAGE> 14
Page 14 of 16 Pages
(e) The Power of Attorney of Christopher K. Poole dated December
17, 1999, with respect to the execution of this Statement and
any amendments thereto, is filed as Exhibit 5 hereto.
(f) The Power of Attorney of Alan Rich dated December 17, 1999,
with respect to the execution of this Statement and any
amendments thereto, is filed as Exhibit 6 hereto.
(g) The Power of Attorney of William G. Seymour dated December 17,
1999, with respect to the execution of this Statement and any
amendments thereto, is filed as Exhibit 7 hereto.
(h) The Power of Attorney of Barry Emerson dated December 17,
1999, with respect to the execution of this Statement and any
amendments thereto, is filed as Exhibit 8 hereto.
(i) The Power of Attorney of PAR Investment Partners, L.P. dated
December 17, 1999, with respect to the execution of this
Statement and any amendments thereto, is filed as Exhibit 9
hereto.
<PAGE> 15
Page 15 of 16 Pages
SIGNATURES
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.
Date: December 22, 1999 /s/ David A. Finley
----------------------------------
David A. Finley
by Steven O. Todd, Attorney-in-Fact
Date: December 22, 1999 /s/ Roger Noall
----------------------------------
Roger Noall
by Steven O. Todd, Attorney-in-Fact
Date: December 22, 1999 /s/ Christopher K. Poole
----------------------------------
Christopher K. Poole
by Steven O. Todd, Attorney-in-Fact
Date: December 22, 1999 /s/ Alan Rich
----------------------------------
Alan Rich, by Steven O. Todd,
Attorney-in-Fact
Date: December 22, 1999 /s/ William G. Seymour
----------------------------------
William G. Seymour
by Steven O. Todd, Attorney-in-Fact
Date: December 22, 1999 /s/ Barry Emerson
----------------------------------
Barry Emerson
by Steven O. Todd, Attorney-in-Fact
Date: December 22, 1999 PAR INVESTMENT PARTNERS, L.P.
By: PAR Group, L.P., General Partner
By: PAR Capital Management, Inc.,
General Partner
/s/ Arthur G. Epker III
--------------------------
Arthur G. Epker III,
Vice President,
by Steven O. Todd,
Attorney-in-Fact
<PAGE> 16
EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit No. Exhibit
----------- -------
<S> <C>
1 Stockholders Agreement dated December 14, 1999, between
Solution 6, Purchaser, and the Filing Persons, incorporated by
reference to Exhibit 99.2 to the Schedule 14D-9 of the Issuer
filed with the Securities and Exchange Commission on December
21, 1999
2 Joint Filing Agreement between the Filing Persons
3 Power of Attorney of David A. Finley dated December 17, 1999
4 Power of Attorney of Roger Noall dated December 17, 1999
5 Power of Attorney of Christopher K. Poole dated December 17,
1999
6 Power of Attorney of Alan Rich dated December 17, 1999
7 Power of Attorney of William G. Seymour dated December 17,
1999
8 Power of Attorney of Barry Emerson dated December 17, 1999
9 Power of Attorney of PAR Investment Partners, L.P. dated
December 17, 1999
</TABLE>
<PAGE> 1
EXHIBIT 99.2
JOINT FILING AGREEMENT
The undersigned parties hereby agree that the Schedule 13D filed
herewith (and any amendments thereto) relating to the stock of Elite Information
Group, Inc. is being filed jointly with the Securities and Exchange Commission
pursuant to Rule 13d-1(f) under the Securities Exchange Act of 1934, as amended,
on behalf of each such person.
Dated: December 17, 1999.
/s/ Barry Emerson
------------------------------------------
Barry Emerson
/s/ Alan Rich
------------------------------------------
Alan Rich
/s/ David A. Finley
------------------------------------------
David A. Finley
/s/ Roger Noall
------------------------------------------
Roger Noall
/s/ Christopher K. Poole
------------------------------------------
Christopher K. Poole
PAR Investment Partners, L.P.
By: PAR Group, L.P., its general partner
By: Par Capital Management, Inc.
Its general partner
/s/ Arthur G. Epker III
------------------------------------------
Arthur G. Epker III, Vice President
/s/ William G. Seymour
------------------------------------------
William G. Seymour
<PAGE> 1
EXHIBIT 99.3
POWER OF ATTORNEY
The undersigned hereby authorizes Christopher K. Poole, Barry D. Emerson
and Steven O. Todd and each of them, with full power of substitution, to execute
in the name and on behalf of the undersigned any statement of beneficial
ownership pursuant to Section 13(d) of the Securities Exchange Act of 1934, as
amended, including statements on Schedule 13D (collectively, the "Schedule 13D
Reports") with respect to the undersigned's beneficial ownership of securities,
including options, of Elite Information Group, Inc. (the "Company") and to file
the same, with any exhibits thereto (including this Power of Attorney), and any
amendments thereto as the person(s) so acting deems appropriate with the
Securities and Exchange Commission, The Nasdaq Stock Market and the Company and
to execute and deliver a joint filing agreement with other persons jointly
filing any such Schedule 13D Reports.
This 17th day of December, 1999.
/s/ David A. Finley
---------------------------------
David A. Finley
<PAGE> 1
EXHIBIT 99.4
POWER OF ATTORNEY
The undersigned hereby authorizes Christopher K. Poole, Barry D. Emerson
and Steven O. Todd and each of them, with full power of substitution, to execute
in the name and on behalf of the undersigned any statement of beneficial
ownership pursuant to Section 13(d) of the Securities Exchange Act of 1934, as
amended, including statements on Schedule 13D (collectively, the "Schedule 13D
Reports") with respect to the undersigned's beneficial ownership of securities,
including options, of Elite Information Group, Inc. (the "Company") and to file
the same, with any exhibits thereto (including this Power of Attorney), and any
amendments thereto as the person(s) so acting deems appropriate with the
Securities and Exchange Commission, The Nasdaq Stock Market and the Company and
to execute and deliver a joint filing agreement with other persons jointly
filing any such Schedule 13D Reports.
This 17th day of December, 1999.
/s/ Roger Noall
----------------------------
Roger Noall
<PAGE> 1
EXHIBIT 99.5
POWER OF ATTORNEY
The undersigned hereby authorizes Christopher K. Poole, Barry D. Emerson
and Steven O. Todd and each of them, with full power of substitution, to execute
in the name and on behalf of the undersigned any statement of beneficial
ownership pursuant to Section 13(d) of the Securities Exchange Act of 1934, as
amended, including statements on Schedule 13D (collectively, the "Schedule 13D
Reports") with respect to the undersigned's beneficial ownership of securities,
including options, of Elite Information Group, Inc. (the "Company") and to file
the same, with any exhibits thereto (including this Power of Attorney), and any
amendments thereto as the person(s) so acting deems appropriate with the
Securities and Exchange Commission, The Nasdaq Stock Market and the Company and
to execute and deliver a joint filing agreement with other persons jointly
filing any such Schedule 13D Reports.
This 17th day of December, 1999.
/s/ Christopher K. Poole
----------------------------------
Christopher K. Poole
<PAGE> 1
EXHIBIT 99.6
POWER OF ATTORNEY
The undersigned hereby authorizes Christopher K. Poole, Barry D. Emerson
and Steven O. Todd and each of them, with full power of substitution, to execute
in the name and on behalf of the undersigned any statement of beneficial
ownership pursuant to Section 13(d) of the Securities Exchange Act of 1934, as
amended, including statements on Schedule 13D (collectively, the "Schedule 13D
Reports") with respect to the undersigned's beneficial ownership of securities,
including options, of Elite Information Group, Inc. (the "Company") and to file
the same, with any exhibits thereto (including this Power of Attorney), and any
amendments thereto as the person(s) so acting deems appropriate with the
Securities and Exchange Commission, The Nasdaq Stock Market and the Company and
to execute and deliver a joint filing agreement with other persons jointly
filing any such Schedule 13D Reports.
This 17th day of December, 1999.
/s/ Alan Rich
-------------------------
Alan Rich
<PAGE> 1
EXHIBIT 99.7
POWER OF ATTORNEY
The undersigned hereby authorizes Christopher K. Poole, Barry D. Emerson
and Steven O. Todd and each of them, with full power of substitution, to execute
in the name and on behalf of the undersigned any statement of beneficial
ownership pursuant to Section 13(d) of the Securities Exchange Act of 1934, as
amended, including statements on Schedule 13D (collectively, the "Schedule 13D
Reports") with respect to the undersigned's beneficial ownership of securities,
including options, of Elite Information Group, Inc. (the "Company") and to file
the same, with any exhibits thereto (including this Power of Attorney), and any
amendments thereto as the person(s) so acting deems appropriate with the
Securities and Exchange Commission, The Nasdaq Stock Market and the Company and
to execute and deliver a joint filing agreement with other persons jointly
filing any such Schedule 13D Reports.
This 17th day of December, 1999.
/s/ William G. Seymour
-----------------------------------
William G. Seymour
<PAGE> 1
EXHIBIT 99.8
POWER OF ATTORNEY
The undersigned hereby authorizes Christopher K. Poole, Barry D. Emerson
and Steven O. Todd and each of them, with full power of substitution, to execute
in the name and on behalf of the undersigned any statement of beneficial
ownership pursuant to Section 13(d) of the Securities Exchange Act of 1934, as
amended, including statements on Schedule 13D (collectively, the "Schedule 13D
Reports") with respect to the undersigned's beneficial ownership of securities,
including options, of Elite Information Group, Inc. (the "Company") and to file
the same, with any exhibits thereto (including this Power of Attorney), and any
amendments thereto as the person(s) so acting deems appropriate with the
Securities and Exchange Commission, The Nasdaq Stock Market and the Company and
to execute and deliver a joint filing agreement with other persons jointly
filing any such Schedule 13D Reports.
This 17th day of December, 1999.
/s/ Barry Emerson
--------------------------------
Barry D. Emerson
<PAGE> 1
EXHIBIT 99.9
POWER OF ATTORNEY
The undersigned hereby authorizes Christopher K. Poole, Barry D. Emerson
and Steven O. Todd and each of them, with full power of substitution, to execute
in the name and on behalf of the undersigned any statement of beneficial
ownership pursuant to Section 13(d) of the Securities Exchange Act of 1934, as
amended, including statements on Schedule 13D (collectively, the "Schedule 13D
Reports") with respect to the undersigned's beneficial ownership of securities,
including options, of Elite Information Group, Inc. (the "Company") and to file
the same, with any exhibits thereto (including this Power of Attorney), and any
amendments thereto as the person(s) so acting deems appropriate with the
Securities and Exchange Commission, The Nasdaq Stock Market and the Company and
to execute and deliver a joint filing agreement with other persons jointly
filing any such Schedule 13D Reports.
This 17th day of December, 1999.
PAR INVESTMENT PARTNERS, L.P.
By: PAR GROUP, L.P., its general partner
By: PAR CAPITAL MANAGEMENT, INC.,
its general partner
/s/ Arthur G. Epker III
---------------------------------------
Arthur G. Epker III
Vice President
PAR GROUP, L.P.
By: PAR CAPITAL MANAGEMENT, INC.
Its general partner
/s/ Arthur G. Epker III
---------------------------------------
Arthur G. Epker III
Vice President
PAR CAPITAL MANAGEMENT, INC.
Arthur G. Epker III
---------------------------------------
Arthur G. Epker, III
Vice President
