UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A-3
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO.3)
BOGEN COMMUNICATIONS INTERNATIONAL, INC.
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(Name of issuer)
COMMON STOCK, $0.001 PAR VALUE
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097189-10-4
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(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)
October 12, 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(e), 13d-1(f) or 13d-1(g) 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.) [ ].
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13-d(a) for other parties to whom copies are to be
sent.
*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)
<PAGE>
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CUSIP No. 097189 10 4 SCHEDULE 13D/A-3 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, 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 825,043
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
825,043
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
825,043
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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)
12.4%
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14. TYPE OF REPORTING PERSON
CO
================================================================================
<PAGE>
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CUSIP No. 097189 10 4 SCHEDULE 13D/A-3 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 90,000
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
90,000
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
90,000
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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)
1.3%
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14. TYPE OF REPORTING PERSON
CO
================================================================================
<PAGE>
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CUSIP No. 097189 10 4 SCHEDULE 13D/A-3 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 1,155,254
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
1,155,254
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,155,254
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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)
17.4%
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14. TYPE OF REPORTING PERSON
IN
================================================================================
<PAGE>
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CUSIP No. 097189 10 4 SCHEDULE 13D/A-3 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 1,101,314
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
1,101,314
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,101,314
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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)
16.5%
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14. TYPE OF REPORTING PERSON
IN
================================================================================
<PAGE>
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CUSIP No. 097189 10 4 SCHEDULE 13D/A-3 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 825,043
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
825,043
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
825,043
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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)
12.4%
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14. TYPE OF REPORTING PERSON
PN
================================================================================
<PAGE>
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CUSIP No. 097189 10 4 SCHEDULE 13D/A-3 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 90,000
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
90,000
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
90,000
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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)
1.3%
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14. TYPE OF REPORTING PERSON
CO
================================================================================
<PAGE>
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CUSIP No. 097189 10 4 SCHEDULE 13D/A-3 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)
2.2%
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14. TYPE OF REPORTING PERSON
CO
================================================================================
<PAGE>
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CUSIP No. 097189 10 4 SCHEDULE 13D/A-3 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, 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) [ ]
- --------------------------------------------------------------------------------
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)
.59%
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14. TYPE OF REPORTING PERSON
CO
================================================================================
<PAGE>
CUSIP No. 097189 10 4 Page 10 of 12 Pages
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THIS AMENDMENT NO. 3 AMENDS AND SUPPLEMENTS THE SCHEDULE 13D FILED ON AUGUST 4,
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) Bedford Falls owns 12.4% of Common Stock of the Issuer.
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 825,043 shares of Common Stock
purchased for the account of Bedford Falls.
(ii) Metropolitan International owns 1.3% of Common Stock of
the Issuer. 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 90,000 shares of Common Stock
owned by Metropolitan International.
(iii) KJ Advisors, Inc. owns .59% 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
of the Issuer held in the Managed Account.
(iv) Jeffrey E. Schwarz may be deemed the beneficial owner of
1,155,254 shares of Common Stock which represents 17.4% 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, Inc., and a Managing Member of BGN. In addition,
Jeffrey Schwarz may be deemed an indirect beneficial owner
of 15,000 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. Mr.
Schwarz individually and solely owns for his own account
38,940 shares of Common Stock of the Issuer.
(v) Karen Finerman may be deemed the beneficial owner of
1,101,314 shares of Common Stock which represents 16.5% 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, Inc.,
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
----------- --------------------
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 6,654,471 shares of Common Stock
reported outstanding by the Issuer.
(c) Transactions in the class of Securities reported herein effected within
the last sixty (60) days by the Reporting Persons are as follows:
On October 7, 1998, the Schwarz Family Foundation Trust acquired 2,500
shares of Common Stock at a price of $4.38 per share. On October 8,
1998, Jeffrey E. Schwarz individually purchased 2,500 shares of Common
Stock ($4.03 per share), on October 9, 1998 Mr. Schwarz purchased 2,000
of such shares ($4.03 per share), and on October 12, 1999 Mr. Schwarz
purchased 5,000 of such shares ($4.41 per share).
On November 19, 1998, Metropolitan International transferred an
aggregate of 336,940 of its shares of Common Stock at a price of 5.40
per share to certain of its affiliates and other purchasers, in
privately negotiated transactions, including such affiliates as Bedford
Falls, which acquired 178,000 of such shares, and Mr. Schwarz, who
acquired 29,440 of such shares.
(d) Not applicable.
(e) Not applicable.
<PAGE>
CUSIP No. 097189 10 4 Page 12 of 12 Pages
----------- --------------------
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: November 24, 1998 Jeffrey E. Schwarz, Chief Executive Officer
BGN Investors, LLC
By: /s/ Jeffrey E. Schwarz
-------------------------------------------
Dated as of: November 24, 1998 Jeffrey E. Schwarz, Managing Member
Metropolitan Capital III, Inc.
By: /s/ Jeffrey E. Schwarz
-------------------------------------------
Dated as of: November 24, 1998 Jeffrey E. Schwarz, Managing Member
Dated as of: November 24, 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: November 24, 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: November 24, 1998 By: /s/ Karen Finerman
-------------------------------------------
Karen Finerman
KJ Advisors, Inc.
Dated as of: November 24, 1998 By: /s/ Karen Finerman
-------------------------------------------
Karen Finerman
</TABLE>
