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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under The Securities Exchange Act Of 1934
-----------------------
AMENDMENT NO.2
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BOGEN COMMUNICATIONS INTERNATIONAL, INC.
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(Name of issuer)
COMMON STOCK, $0.001 PAR VALUE
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097189-10-4
--------------------------------
(Cusip Number)
JEFFREY E. SCHWARZ
METROPOLITAN CAPITAL ADVISORS
660 MADISON AVENUE
NEW YORK, NY 10021
(212)486-8100
-with copies to-
JOSEPH F. MAZZELLA, ESQ.
LANE, ALTMAN & OWENS L.L.P.
101 FEDERAL STREET
BOSTON, MASSACHUSETTS 02410
(617)345-9800
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
JULY 1, 1998
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(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.) [ ].
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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<PAGE>
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CUSIP No. 097189 10 4 SCHEDULE 13D/A-2 Page 2 of 12 Pages
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1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
METROPOLITAN CAPITAL ADVISORS
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
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7. SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 647,043
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
647,043
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
647,043
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.4%
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14. TYPE OF REPORTING PERSON
CO
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CUSIP No. 097189 10 4 SCHEDULE 13D/A-2 Page 3 of 12 Pages
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1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
METROPOLITAN CAPITAL III, INC.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
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7. SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 372,540
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
372,540
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
372,540
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.3%
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14. TYPE OF REPORTING PERSON
CO
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<PAGE>
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CUSIP No. 097189 10 4 SCHEDULE 13D/A-2 Page 4 of 12 Pages
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1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
JEFFREY E. SCHWARZ
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
NONE
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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7. SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,215,854
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
1,215,854
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,215,854
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.0%
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14. TYPE OF REPORTING PERSON
IN
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CUSIP No. 097189 10 4 SCHEDULE 13D/A-2 Page 5 of 12 Pages
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1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
KAREN FINERMAN
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
NONE
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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7. SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,205,854
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
1,205,854
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,205,854
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
26.9%
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14. TYPE OF REPORTING PERSON
IN
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CUSIP No. 097189 10 4 SCHEDULE 13D/A-2 Page 6 of 12 Pages
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1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
BEDFORD FALLS INVESTORS, LP
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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7. SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 647,043
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
647,043
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
647,043
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.4%
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14. TYPE OF REPORTING PERSON
PN
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<PAGE>
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CUSIP No. 097189 10 4 SCHEDULE 13D/A-2 Page 7 of 12 Pages
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1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
METROPOLITAN CAPITAL ADVISORS INTERNATIONAL LIMITED
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
COMMONWEALTH OF THE BAHAMAS
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7. SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 372,540
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
372,540
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
372,540
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.3%
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14. TYPE OF REPORTING PERSON
CO
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<PAGE>
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CUSIP No. 097189 10 4 SCHEDULE 13D/A-2 Page 8 of 12 Pages
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1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
BGN INVESTORS, LLC
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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7. SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 147,056
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
147,056
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
147,056
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.3%
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14. TYPE OF REPORTING PERSON
CO
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<PAGE>
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CUSIP No. 097189 10 4 SCHEDULE 13D/A-2 Page 9 of 12 Pages
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1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
KJ ADVISORS
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
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7. SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 39,215
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
39,215
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
39,215
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.87%
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14. TYPE OF REPORTING PERSON
CO
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<PAGE>
CUSIP No. 097189 10 4 Page 10 of 12 Pages
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THIS AMENDMENT NO. 2 AMENDS AND SUPPLEMENTS THE SCHEDULE 13D FILED ON JULY 30,
1998.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
------------------------------------
(a) (b) The beneficial ownership and voting and dispositive power of
each of the Reporting Persons over Common Stock of the Issuer as of the date
hereof is as follows:
(i) As of the close of business on July 1, 1998, Bedford Falls
owns 14.4% of Common Stock of the Issuer as a result of
Bedford Falls exercising its right of conversion with
respect to its 33,000 Preferred Shares. Metropolitan
Capital has purchased no shares of Common Stock of the
Issuer for its own account. However, Metropolitan Capital
may be deemed to have indirect beneficial ownership of the
647,043 shares of Common Stock purchased for the account
of Bedford Falls.
(ii) As of the close of business on July 1, 1998, Metropolitan
International owns 8.3% of Common Stock of the Issuer
beneficially owned by it, as a result of Metropolitan
International exercising its right of conversion with
respect to its 19,000 Preferred Shares. Metropolitan
Capital III, Inc. has purchased no shares of Common Stock
of the Issuer solely for its own account. However, by
reason of its position as General Partner of Metropolitan
Capital Partners III, L.P., which has discretionary voting
and dispositive power over the assets of Metropolitan
International, Metropolitan Capital III, Inc. may be
deemed to have shared voting and dispositive power over
the 372,540 shares of Common Stock owned by Metropolitan
International.
(iii) As of the close of business on July 1, 1998, KJ Advisors,
Inc. is the owner of shares of Common Stock of the Issuer
solely by reason of its position as General Partner of
Metropolitan Capital Partners II, L.P. which has
discretionary voting and dispositive power over assets
held in the Managed Account. Thus, by virtue of being the
General Partner of Metropolitan Capital Partners II, L.P.,
KJ Advisors, Inc. may be deemed to have shared voting and
dispositive power over the 39,215 shares of Common Stock
representing .87% of Common Stock of the Issuer held in
the Managed Account.
(iv) As of the close of business on July 1, 1998, Jeffrey
Schwarz may be deemed the beneficial owner of 1,215,854
shares of Common Stock which represents 27% of the Issuer
as a result of his being a director, executive officer and
controlling stockholder of Metropolitan Capital and
Metropolitan Capital III, Inc., a director, executive
officer, and controlling stockholder of KJ Advisors, a
Managing Member of BGN. In addition, Jeffrey Schwarz may
be deemed an indirect beneficial owner of 10,000 shares
held by two separate trusts, the Schwarz Family Foundation
Trust and the Schwarz Children's Trust, of which certain
family members are beneficiaries. Mr. Schwarz disclaims
beneficial ownership of such shares. Jeffrey Schwarz does
not have direct beneficial ownership of any shares of
Common Stock of the Issuer other than through such
positions.
(v) As of the close of business on July 1, 1998, Karen
Finerman may be deemed the beneficial owner of 1,205, 854
shares of Common Stock which represents 26.9% of the
Common Stock of the Issuer as a result of her being a
director and executive officer of Metropolitan Capital, a
director, executive officer and stockholder of
Metropolitan Capital III, Inc., a director, executive
officer, and controlling stockholder of KJ Advisors, and a
Managing Member of BGN. Karen Finerman does not
beneficially own any shares of Common Stock of the Issuer
other than through such positions.
<PAGE>
CUSIP No. 097189 10 4 Page 11 of 12 Pages
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The number of shares beneficially owned and the percentage of
outstanding shares represented thereby, for each of the Reporting
Persons, have been computed in accordance with Rule 13D-3 under the
Securities Exchange Act of 1934, as amended. The percentages of
ownership described above are based on 2,210,494 shares of Common Stock
reported outstanding by the Issuer plus the new shares of Common Stock
issued by the Issuer as a result of the conversion on July 1, 1998 of
all Company Preferred Stock then issued and outstanding.
(c) Other than the conversion of Preferred Stock reported herein,
transactions in the class of Securities reported herein effected within the
last sixty (60) days by the Schwarz Children's Trust are as follows.
DATE NO. OF SHARES. PRICE PER SHARE TOTAL
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7/6/98 1,500 $7.531 $11,297
7/8/98 3,500 $7.593 $26,577
Transactions in the class of Securities reported on herein effected within the
last sixty (60) days by the Schwarz Family Foundation Trust are as follows.
DATE NO. OF SHARES. PRICE PER SHARE TOTAL
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6/23/98 2,400 $7.406 $17,774
6/25/98 1,300 $7.531 $ 9,791
6/23/98 1,300 $7.406 $ 9,628
(d) Not applicable.
(e) Not applicable.
<PAGE>
CUSIP No. 097189 10 4 Page 12 of 12 Pages
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The following certify that the information set forth in this statement is true,
complete and correct.
<TABLE>
<CAPTION>
<S> <C>
Metropolitan Capital Advisors, Inc.
By: /s/ Jeffrey E. Schwarz
-------------------------------------------
Dated as of: August 4, 1998 Jeffrey E. Schwarz, Chief Executive Officer
BGN Investors, LLC
By: /s/ Jeffrey E. Schwarz
-------------------------------------------
Dated as of: August 4, 1998 Jeffrey E. Schwarz, Managing Member
Metropolitan Capital III, Inc.
By: /s/ Jeffrey E. Schwarz
-------------------------------------------
Dated as of: August 4, 1998 Jeffrey E. Schwarz, Managing Member
Dated as of: August 4, 1998 By: /s/ Karen Finerman
-------------------------------------------
Karen Finerman
Bedford Falls Investors, L.P.
By: Metropolitan Capital Advisors, L.P.,
its General Partner
By: Metropolitan Advisors, Inc.
its General Partner
Dated as of: August 4, 1998 By: /s/ Karen Finerman
-------------------------------------------
Karen Finerman
Metropolitan Capital Advisors International Limited
By: Metropolitan Capital Partners III, L.P.,
its Investment Advisor
By: Metropolitan Capital III, Inc.
its General Partner
Dated as of: August 4, 1998 By: /s/ Karen Finerman
-------------------------------------------
Karen Finerman
</TABLE>
