<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
(AMENDMENT NO. 1)
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)
May 10, 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 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 [ ]. (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 15 pages.
The exhibit index is on page 15
<PAGE> 2
SCHEDULE 13D/A
<TABLE>
<CAPTION>
- ----------------------------------------------------- ----------------------------------------------
CUSIP NO. 28659M PAGE 2 OF 23 PAGES
- ----------------------------------------------------- ----------------------------------------------
<S> <C>
- -------------- ----------------------------------------------------------------------------------------------
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) [ ]
(b) [X]
- -------------- ----------------------------------------------------------------------------------------------
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 83,000
OWNED BY ---------- ---------------------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0
---------- ---------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
83,000
---------- ---------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- -------------- ----------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
83,000
- -------------- ----------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- -------------- ----------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.9 %
- -------------- ----------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------- ----------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 3
SCHEDULE 13D/A
<TABLE>
<CAPTION>
- ----------------------------------------------------- -------------------------------------------------
CUSIP NO. 28659M PAGE 3 OF 23 PAGES
- ----------------------------------------------------- -------------------------------------------------
<S> <C>
- ------------ ---------------------------------------------------------------------------------------------------
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) [ ]
(b) [X]
- ------------ ---------------------------------------------------------------------------------------------------
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 25,000
OWNED BY --------- -------------------------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0
--------- -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
25,000
--------- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ------------ ---------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
25,000
- ------------ ---------------------------------------------------------------------------------------------------
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/A
<TABLE>
<CAPTION>
- ----------------------------------------------------- ----------------------------------------------
CUSIP NO. 28659M PAGE 4 OF 23 PAGES
- ----------------------------------------------------- ----------------------------------------------
<S> <C>
- ------------ ------------------------------------------------------------------------------------------------
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) [ ]
(b) [X]
- ------------ ------------------------------------------------------------------------------------------------
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 125,168
OWNED BY --------- ----------------------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
125,168
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ------------ ------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
125,168
- ------------ ------------------------------------------------------------------------------------------------
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*
IN
- ------------ ------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 5
SCHEDULE 13D/A
<TABLE>
<CAPTION>
- ----------------------------------------------------- ----------------------------------------------
CUSIP NO. 28659M PAGE 5 OF 23 PAGES
- ----------------------------------------------------- ----------------------------------------------
<S> <C>
- ------------ ------------------------------------------------------------------------------------------------
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) [ ]
(b) [X]
- ------------ ------------------------------------------------------------------------------------------------
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 3,000
OWNED BY --------- ----------------------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
3,000
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ------------ ------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,000
- ------------ ------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- ------------ ------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.03%
- ------------ ------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------------ ------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 6
SCHEDULE 13D/A
<TABLE>
<CAPTION>
- ----------------------------------------------------- ----------------------------------------------
CUSIP NO. 28659M PAGE 6 OF 23 PAGES
- ----------------------------------------------------- ----------------------------------------------
<S> <C>
- ------------ ------------------------------------------------------------------------------------------------
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) [ ]
(b) [X]
- ------------ ------------------------------------------------------------------------------------------------
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 440,622
OWNED BY --------- ----------------------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
440,622
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ------------ ------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
440,622
- ------------ ------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- ------------ ------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.5%
- ------------ ------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------------ ------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 7
SCHEDULE 13D/A
<TABLE>
<CAPTION>
- ----------------------------------------------------- -----------------------------------------------
CUSIP NO. 28659M PAGE 7 OF 23 PAGES
- ----------------------------------------------------- -----------------------------------------------
<S> <C>
- ------------ -------------------------------------------------------------------------------------------------
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) [ ]
(b) [X]
- ------------ -------------------------------------------------------------------------------------------------
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 8,334
OWNED BY --------- -----------------------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0
--------- -----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
8,334
--------- -----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ------------ -------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,334
- ------------ -------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- ------------ -------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.09%
- ------------ -------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------------ -------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 8
SCHEDULE 13D/A
<TABLE>
<CAPTION>
- ----------------------------------------------------- ---------------------------------------------
CUSIP NO. 28659M PAGE 8 OF 23 PAGES
- ----------------------------------------------------- ---------------------------------------------
<S> <C>
- ------------ -----------------------------------------------------------------------------------------------
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) [ ]
(b) [X]
- ------------ -----------------------------------------------------------------------------------------------
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
State of Delaware
- ---------------------- --------- ---------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,220,300
OWNED BY --------- ---------------------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 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)
13.0%
- ------------ -----------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ------------ -----------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 9
Page 9 of 23
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 23
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
<PAGE> 11
Page 11 of 23
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 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 Schedule 13D to which this Schedule 13D/A relates was necessitated
by the execution on December 14, 1999 by the Filing Persons of a Stockholders
Agreement (described in Item 4). This amendment notes the termination of the
Stockholders Agreement. Accordingly, this item is inapplicable.
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.
Effective May 10, 2000, pursuant to Section 9.1(d)(i) of the Merger
Agreement, the Issuer terminated the Merger Agreement, and pursuant to Section 8
of the Stockholders Agreement, the Stockholders Agreement terminated
automatically upon termination of the Merger Agreement. Therefore, the shares of
Common Stock owned by each Filing Person are no longer subject to the
Stockholders Agreement, and the obligation of the Filing Persons to file as a
"group" on Schedule 13D is likewise terminated. Due to the termination of the
"group" none of the Filing Persons except PIP is obligated to file a Schedule
13D with respect to their respective holdings of Common Stock. PIP will continue
to file on Schedule 13D.
Item 5. Interest in Securities of the Issuer.
(a) (1) David A. Finley may be deemed to beneficially own
83,000 shares of Common Stock. On the basis of
9,415,473 shares of Common Stock outstanding, such
shares constitute 0.9 percent of the outstanding
shares of common stock.
<PAGE> 12
Page 12 of 23
(2) Roger Noall may be deemed to beneficially own 25,000
shares of Common Stock. On the basis of 9,415,473
shares of Common Stock outstanding, such shares
constitute .3 percent of the outstanding shares of
common stock.
(3) Christopher K. Poole may be deemed to beneficially
own 125,168 shares of Common Stock. On the basis of
9,415,473 shares of Common Stock outstanding, such
shares constitute 1.3 percent of the outstanding
shares of common stock.
(4) Alan Rich may be deemed to beneficially own 3,000
shares of Common Stock. On the basis of 9,415,473
shares of Common Stock outstanding, such shares
constitute .03 percent of the outstanding shares of
common stock.
(5) William G. Seymour may be deemed to beneficially own
440,622 shares of Common Stock. On the basis of
9,415,473 shares of Common Stock outstanding, such
shares constitute 4.5 percent of the outstanding
shares of common stock.
(6) Barry Emerson may be deemed to beneficially own 8,334
shares of Common Stock. On the basis of 9,415,473
shares of Common Stock outstanding, such shares
constitute .09 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 9,415,473 shares of Common Stock
outstanding, such shares constitute 13.0 percent of
the outstanding shares of common stock.
(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 83,000 0 83,000 0
Roger Noall 25,000 0 25,000 0
Christopher K. Poole 125,168 0 125,168 0
Alan Rich 3,000 0 3,000 0
William G. Seymour 440,622 0 440,622 0
</TABLE>
<PAGE> 13
Page 13 of 23
<TABLE>
<S> <C> <C> <C> <C>
Barry D. Emerson 8,334 0 8,334 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) Not applicable.
(e) Upon termination of the Stockholders Agreement as described in Item
4, none of the Filing Persons except PIP is obligated to file a Schedule 13D
with respect to their respective holdings of Common Stock. PIP will continue to
file on Schedule 13D.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer.
Not applicable.
Item 7. Material to be Filed as Exhibits.
(a) The Joint Filing Agreement between the Filing Persons is filed
as Exhibit 1 hereto.
(b) 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 2 hereto.
(c) 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 3 hereto.
(d) 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 4 hereto.
(e) 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 5 hereto.
(f) 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 6 hereto.
(g) 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 7 hereto.
(h) 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 8
hereto.
<PAGE> 14
Page 14 of 23
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: May 15, 2000 /s/David A. Finley
---------------------------------------------
David A. Finley
by Steven O. Todd, Attorney-in-Fact
Date: May 15, 2000 /s/Roger Noall
---------------------------------------------
Roger Noall
by Steven O. Todd, Attorney-in-Fact
Date: May 15, 2000 /s/Christopher K. Poole
---------------------------------------------
Christopher K. Poole
by Steven O. Todd, Attorney-in-Fact
Date: May 15, 2000 /s/Alan Rich
---------------------------------------------
Alan Rich,
by Steven O. Todd, Attorney-in-Fact
Date: May 15, 2000 /s/William G. Seymour
---------------------------------------------
William G. Seymour
by Steven O. Todd, Attorney-in-Fact
Date: May 15, 2000 /s/Barry Emerson
---------------------------------------------
Barry Emerson
by Steven O. Todd, Attorney-in-Fact
Date: May 15, 2000 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> 15
Page 15 of 23
EXHIBIT INDEX
Exhibit No. Exhibit
----------- -------
1 Joint Filing Agreement between the Filing Persons
2 Power of Attorney of David A. Finley dated December 17, 1999
3 Power of Attorney of Roger Noall dated December 17, 1999
4 Power of Attorney of Christopher K. Poole dated December 17,
1999
5 Power of Attorney of Alan Rich dated December 17, 1999
6 Power of Attorney of William G. Seymour dated December 17,
1999
7 Power of Attorney of Barry Emerson dated December 17, 1999
8 Power of Attorney of PAR Investment Partners, L.P. dated
December 17, 1999
<PAGE> 1
Page 16 of 23
EXHIBIT 1
JOINT FILING AGREEMENT BETWEEN THE FILING PERSONS
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
Page 17 of 23 Pages
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
Page 18 of 23 Pages
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
Page 19 of 23 Pages
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
Page 20 of 23 Pages
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
Page 21 of 23 Pages
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
Page 22 of 23 Pages
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
Page 23 of 23 Pages
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
