<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-----------------
SCHEDULE 13D
(RULE 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13D-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13D-2(a)
(AMENDMENT NO. 1)
TODAY'S MAN, INC.
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, no par value per share
- -------------------------------------------------------------------------------
(Title of Class of Securities)
888910205
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(CUSIP Number)
David Blumberg
575 Lexington Avenue
New York, New York 10022
(212) 572-0770
- -------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 24, 1998
- -------------------------------------------------------------------------------
(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 subject of this Schedule 13D, and is filing this
statement because of Rule 13d-1(b)(3) or (4), check the following box: [ ].
(Continued on the following page)
Page 1 of 14 Pages
<PAGE> 2
SCHEDULE 13D
<TABLE>
<CAPTION>
<S><C>
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CUSIP NO. 888910205 PAGE 2 OF 14
- ----------------------------------------------- ----------------------------------------------
- --------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
TOTH, LLC
TAX I.D. NO. 06-1475340
- --------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) X
- --------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------------------------------------------
6
CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 20,006 SHARES
OWNED BY EACH
REPORTING -------------------------------------------------------------------------------------------
PERSON WITH 8 SHARED VOTING POWER
0
-------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
20,006 SHARES
-------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
20,006 SHARES
- --------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.0007%
- --------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------------------------------------------
</TABLE>
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SCHEDULE 13D
<TABLE>
<CAPTION>
<S><C>
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CUSIP NO. 888910205 PAGE 3 OF 14
- ----------------------------------------------- ----------------------------------------------
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1 NAME OF REPORTING PERSON
TOTH II, LLC
TAX I.D. NO. 06-1476831
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) X
- --------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------------------------------------------
6
CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------------------------------------------
NUMBERS OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 20,000 SHARES
OWNED BY EACH -------------------------------------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
0
-------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
20,000 SHARES
-------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
20,000 SHARES
- --------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.0007%
- --------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------------------------------------------
</TABLE>
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SCHEDULE 13D
<TABLE>
<CAPTION>
<S><C>
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CUSIP NO. 888910205 PAGE 4 OF 14
- ----------------------------------------------- ----------------------------------------------
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1 NAME OF REPORTING PERSON
OSIRIS GROUP, L.P.
TAX I.D. NO. 13-3855505
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) X
- --------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICALLY 98,145 SHARES
OWNED BY EACH -------------------------------------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
0
-------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
98,145 SHARES
-------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
98,145 SHARES
- --------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.0036%
- --------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 5
SCHEDULE 13D
<TABLE>
<CAPTION>
<S><C>
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CUSIP NO. 888910205 PAGE 5 OF 14
- ----------------------------------------------- ----------------------------------------------
- --------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
NO STEVE, LLC
TAX I.D. NO. 13-4009858
- --------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) X
- --------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------------------------------------------
6
CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------------------------------------------
NUMBERS OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 98,145 SHARES
OWNED BY EACH -------------------------------------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
0
-------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
98,145 SHARES
-------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
98,145 SHARES
- --------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.0036%
- --------------------------------------------------------------------------------------------------------------------
14
TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 6
SCHEDULE 13D
<TABLE>
<CAPTION>
<S><C>
- ----------------------------------------------- ----------------------------------------------
CUSIP NO. 888910205 PAGE 6 OF 14
- ----------------------------------------------- ----------------------------------------------
- --------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
DAVID BLUMBERG
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) X
- --------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- --------------------------------------------------------------------------------------------------------------------
NUMBERS OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 98,145 SHARES
OWNED BY EACH ------------------------------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
0
-------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
98,145 SHARES
-------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
98,145 SHARES
- --------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.0036%
- --------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 7
Page 7 of 10
ITEM 1. SECURITY AND ISSUER.
This statement relates to shares of common stock, no par value
per share (the "Common Stock"), of Today's Man, Inc., a Pennsylvania corporation
(the "Company"). The principal executive offices of the Company are located at
835 Lancaster Drive, Moorestown West Corporate Center, Moorestown, NJ 08057.
ITEM 2. IDENTITY AND BACKGROUND.
(a) This statement is being filed jointly by Toth, LLC, a
Delaware limited liability company ("Toth"), Toth II, LLC, a Delaware limited
liability company ("Toth II"), Osiris Group, L.P., a Delaware limited
partnership ("Osiris"), No Steve, LLC, a Delaware limited liability company ("No
Steve") and David Blumberg ("Blumberg" and together with Toth, Toth II, Osiris
and No Steve, the "Reporting Persons"). The Reporting Persons are filing this
statement jointly pursuant to a Joint Filing Agreement.
On May 27, 1998, Osiris Management, LLC transferred its
general partnership interest in Osiris to No Steve. Steven Jackson has no
interest in No Steve. As a result of this transaction, Osiris Management, LLC
and Steven Jackson have no interest in the shares of Common Stock beneficially
owned by Toth, Toth II and Osiris.
(b) The business addresses of each of the Reporting Persons is
575 Lexington Avenue, New York, New York, 10022.
(c) The principal business of the Reporting Persons is
investment management.
(d) During the last five years, none of the Reporting Persons
has been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) During the last five years, none of the Reporting Persons
has been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and, as a result of such proceeding, was or is subject to
a judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
(f) To the best knowledge of the Reporting Persons, each such
Reporting Person that is a natural person is a United States citizen.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Not applicable.
ITEM 4. PURPOSE OF TRANSACTION.
The Reporting Persons intend to review their investment in the
Company from time to time and, depending on their evaluation of various factors,
may sell or otherwise dispose of, some or all of the shares of the Common Stock
in open market transactions or otherwise. Depending upon various factors,
including the evaluation of the investment potential of the Common Stock, the
Company's business prospects and financial position, other developments
concerning the Company, the price level and availability of the Common Stock,
available opportunities to dispose of the Common Stock, realize
<PAGE> 8
Page 8 of 14
trading profits or minimize trading losses, conditions in the securities markets
and general economic and industry conditions, reinvestment opportunities,
developments relating to the business of the Reporting Persons and other factors
deemed relevant, the Reporting Persons may in the future take such other actions
with respect to their holdings in the Company as they deem appropriate in light
of circumstances existing from time to time. Such actions may include the
purchase of additional shares of Common Stock in the open market, through
privately negotiated transactions with third parties or otherwise, or the sale
at any time, in the open market, through privately negotiated transactions with
third parties or otherwise, of all or a portion of the share now owned or
hereafter acquired.
Except as set forth above, none of the Reporting Persons has
any present plan or proposal which relates to, or could result in, any of the
events referred to in paragraphs (a) through (j), inclusive, of Item 4 of
Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) Toth is the owner of 20,006 shares of the Common Stock and
Toth II is the owner of 20,000 shares of the Common Stock, which constitute
approximately .0007% and .0007% of the total number of outstanding shares of the
Common Stock, respectively. Osiris is the beneficial owner of 98,145 shares of
the Common Stock, which constitutes .0036% of the total number of outstanding
shares of the Common Stock.
(b) Osiris is the managing member of Toth and Toth II, and
acting through Toth and Toth II, indirectly has sole power to vote or direct the
vote, and to dispose or to direct the disposition of the shares of the Common
Stock beneficially owned by Toth and Toth II. No Steve is the general partner of
Osiris and has sole power to vote or direct the vote, and to dispose or to
direct the disposition of the shares of the Common Stock beneficially owned by
Osiris. David Blumberg is the managing member of No Steve.
(c) On or about September 24, 1998, Toth distributed 448,346
shares of Common Stock to FSP, Inc., an aggregate of 420,952 shares of Common
Stock to S.A.C. Capital Management, L.P. and S.A.C. Investments, L.P. and 28,005
shares of Common Stock to Osiris. On or about the same date, Toth II distributed
483,196 shares of Common Stock to FSP, Inc., an aggregate of 453,672 to S.A.C.
Capital Management, L.P. and S.A.C. Investments, L.P. and 30,134 shares of
Common Stock to Osiris. As a result of these transactions, Toth and Toth II each
own approximately .0007% of the outstanding shares of Common Stock.
On May 27, 1998, Osiris Management, LLC transferred its
general partnership interest in Osiris to No Steve. Steven Jackson has no
interest in No Steve. As a result of this transaction, Osiris Management, LLC
and Steven Jackson have no interest in the shares of Common Stock beneficially
owned by Toth, Toth II and Osiris.
(d) Pursuant to certain Participation Agreements, FSP, Inc.
has the contractual right to receive dividends from, or the proceeds from the
sale of, 50% of the shares of Common Stock owned by Toth and Toth II. Except as
stated in this Item 5, to the best knowledge of the Reporting Persons, no other
person has the right to receive or the power to direct the receipt of dividends
from, or the proceeds from the sale of, the shares of Common Stock owned by the
Reporting Persons.
<PAGE> 9
Page 9 of 14
(e) As a result of the distributions described in Item 5(c)
above, the Reporting Persons ceased to be the beneficial owner of more than five
percent of the outstanding Common Stock on September 24, 1998.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.
As described in Item 5(d) above, pursuant to the Participation
Agreements, Toth and Toth II are obligated to transfer 50% of certain payment
received to FSP, Inc., including payment received in the form of the Common
Stock.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 1. Joint Filing Agreement, dated as of
October 2, 1998.
<PAGE> 10
Page 10 of 14
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, the undersigned certify that the information set forth in this statement
is true, complete and correct.
Dated: October 2, 1998 TOTH, LLC
By: Osiris Group, L.P.
its Managing Member
By: No Steve, LLC
its General Partner
By: David Blumberg
Managing Member
of No Steve, LLC
/s/ David Blumberg
----------------------------------
Name: David Blumberg
Dated: October 2, 1998 TOTH II, LLC
By: Osiris Group, L.P.
its Managing Member
By: No Steve, LLC
its General Partner
By: David Blumberg
Managing Member
of No Steve, LLC
/s/ David Blumberg
----------------------------------
Name: David Blumberg
Dated: October 2, 1998 OSIRIS GROUP, L.P.
By: No Steve, LLC
its General Partner
By: David Blumberg
Managing Member
of No Steve, LLC
/s/ David Blumberg
----------------------------------
Name: David Blumberg
<PAGE> 11
Page 11 of 14
Dated: October 2, 1998 NO STEVE, LLC
By: David Blumberg
its Managing Member
/s/ David Blumberg
----------------------------------
Name: David Blumberg
Dated: October 2, 1998 DAVID BLUMBERG
/s/ David Blumberg
----------------------------------
Name: David Blumberg
<PAGE> 12
Page 12 of 14
EXHIBIT INDEX
Exhibit 1. Joint Filing Agreement, dated as of October 2, 1998.
<PAGE> 1
Page 13 of 14
EXHIBIT 1
JOINT FILING AGREEMENT
The undersigned hereby agree to jointly file a statement on
Schedule 13D, together with any amendments thereto (collectively, the "Schedule
13Ds"), with the Securities and Exchange Commission pursuant to the requirements
of Rule 13d-1(f) under the Securities Exchange Act of 1934, as amended.
This Joint Filing Agreement may be signed in counterpart
copies.
Dated: October 2, 1998 TOTH, LLC
By: Osiris Group, L.P.
its Managing Member
By: No Steve, LLC
its General Partner
By: David Blumberg
Managing Member
of No Steve, LLC
/s/ David Blumberg
------------------------------------
Name: David Blumberg
Dated: October 2, 1998 TOTH II, LLC
By: Osiris Group, L.P.
its Managing Member
By: No Steve, LLC
its General Partner
By: David Blumberg
Managing Member
of No Steve, LLC
/s/ David Blumberg
------------------------------------
Name: David Blumberg
<PAGE> 2
Page 14 of 14
Dated: October 2, 1998 OSIRIS GROUP, L.P.
By: No Steve, LLC
its General Partner
By: David Blumberg
Managing Member
of No Steve, LLC
/s/ David Blumberg
------------------------------------
Name: David Blumberg
Dated: October 2, 1998 NO STEVE, LLC
By: David Blumberg
its Managing Member
/s/ David Blumberg
------------------------------------
Name: David Blumberg
Dated: October 2, 1998 DAVID BLUMBERG
/s/ David Blumberg
------------------------------------
Name: David Blumberg
