SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
SCHEDULE 13D
Amendment Number 6
Under the Securities Exchange Act of 1934
Worldtex, Inc.
(Name of Issuer)
Common Stock, Par Value $.01
(Title of Class of Securities)
981907108
(CUSIP Number)
Julia A. Oliver
350 Park Avenue, 11th Fl., New York, NY 10022 (212) 755-9000
(Name, address and telephone number of person
authorized to receive notices and communications)
July 14, 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 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.)
NOTE: Six copies of this statement, including all exhibits,
should be filed with the Commission. See Rule 13d-1(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 the disclosures provided in a prior cover
page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for purposes 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 1 of 22 pages
<PAGE
13D
CUSIP No. 981907108
________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
EGS Associates, L.P.
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) SOURCE OF FUNDS **
WC
________________________________________________________________________
(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
-0-
SHARES __________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
465,128
OWNED BY _________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING _________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
465,128
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
465,128
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
3.22%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 22 pages
<PAGE
13D
CUSIP No. 981907108
________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
EGS Partners, L.L.C.
________________________________________________________________________
(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
-0-
SHARES _________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
1,054,620
OWNED BY _________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING _________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,062,874
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,062,874
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
7.37%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IA
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 22 pages
<PAGE
13D
CUSIP No. 981907108
________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Bev 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 **
WC
________________________________________________________________________
(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
-0-
SHARES _________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
152,097
OWNED BY _________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING _________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
152,097
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
152,097
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
1.05%%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 22 pages
<PAGE
13D
CUSIP No. 981907108
________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Jonas 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 **
WC
____________________________________________________________
(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
-0-
SHARES __________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
16,500
OWNED BY ___________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING _________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
16,500
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
16,500
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
.11%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 22 pages
<PAGE
13D
CUSIP No. 981907108
________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
William Ehrman
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) SOURCE OF FUNDS **
AF OO PF
____________________________________________________________
(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
________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES _________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
1,690,345
OWNED BY _________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING _________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,700,599
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,700,599
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
11.79%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 22 pages
<PAGE
13D
CUSIP No. 981907108
________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Frederic Greenberg
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) SOURCE OF FUNDS **
AF 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
________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES _________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
1,690,345
OWNED BY _________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING _________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,698,599
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,698,599
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
11.77%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 22 pages
<PAGE
13D
CUSIP No. 981907108
________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Frederick Ketcher
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) SOURCE OF FUNDS **
AF OO PF
____________________________________________________________
(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
________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
10,800
SHARES _________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
1,690,345
OWNED BY _________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
10,800
REPORTING _________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,698,599
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,709,399
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
11.85%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 22 pages
<PAGE
13D
CUSIP No. 981907108
________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Jonas Gerstl
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) SOURCE OF FUNDS **
AF 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
________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES __________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
1,690,345
OWNED BY _________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING _________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,698,599
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,698,599
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
11.77%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 22 pages
<PAGE
13D
CUSIP No. 981907108
________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
James McLaren
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) SOURCE OF FUNDS **
AF 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
________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES _________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
1,690,345
OWNED BY _________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING _________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,698,599
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,698,599
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
11.77%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 10 of 22 pages
<PAGE
13D
CUSIP No. 981907108
________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
William D. Lautman
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) SOURCE OF FUNDS **
AF 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
________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES ________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
1,690,345
OWNED BY ________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING ________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,698,599
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,698,599
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
11.77%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 11 of 22 pages
<PAGE>
The initial Schedule 13D (the Schedule 13D), initially filed
on November 26, 1996, of (i) EGS Associates, L.P., a Delaware limited
partnership (EGS Associates), (ii) EGS Partners, L.L.C., a Delaware
limited liability company (EGS Partners), (iii) Bev Partners, L.P., a
Delaware limited partnership (Bev Partners), (iv) Jonas Partners,
L.P., a Delaware limited partnership (Jonas Partners), (v) William
Ehrman, (vi) Frederic Greenberg, (vii) Frederick Ketcher, (viii) Jonas
Gerstl, (ix) James McLaren, and (x) William D. Lautman relating to the
common stock, $.01 par value (the Common Stock) issued by Worldtex,
Inc., a Delaware corporation (the Company), is hereby amended by this
Amendment No. 6 as follows:
Item 2 is hereby amended and restated in its entirety as follows:
ITEM 2. IDENTITY AND BACKGROUND.
_________________________________
(a) This statement is filed by (i) EGS Associates, L.P., a
Delaware limited partnership ("EGS Associates"), with respect to shares
of Common Stock beneficially owned by it, (ii) EGS Partners, L.L.C., a
Delaware limited liability company ("EGS Partners"), with respect to
shares of Common Stock beneficially owned by EGS Overseas Fund Limited,
a British Virgin Islands corporation ("EGS Overseas"), as well as shares
of Common Stock held in other discretionary accounts managed by EGS
Partners, (iii) Bev Partners, L.P., a Delaware limited partnership ("Bev
Partners"), with respect to shares of Common Stock beneficially owned by
it, (iv) Jonas Partners, L.P., a Delaware limited partnership ("Jonas
Partners"), with respect to shares of Common Stock beneficially owned by
it, (v) William Ehrman, with respect to shares of Common Stock
beneficially owned by members of his immediate family (his wife), EGS
Associates, EGS Partners, Bev Partners, and Jonas Partners; (vi)
Frederic Greenberg, with respect to shares of Common Stock beneficially
owned by EGS Associates, EGS Partners, Bev Partners, and Jonas Partners;
(vii) Frederick Ketcher, with respect to shares of Common Stock
beneficially owned by him, EGS Associates, EGS Partners, Bev Partners,
and Jonas Partners,(viii) Jonas Gerstl, with respect to shares of Common
Stock beneficially owned by EGS Associates, EGS Partners, Bev Partners,
and Jonas Partners; (ix) James McLaren, with respect to shares of Common
Stock beneficially owned by EGS Associates, EGS Partners, Bev Partners
and Jonas Partners, and (x) William D. Lautman, with respect to shares
of Common Stock beneficially owned by EGS Associates, EGS Partners, Bev
Partners and Jonas Partners. The foregoing persons are hereinafter
sometimes referred to collectively as the "Reporting Persons". Any
disclosures herein with respect to persons other than the Reporting
Persons are made on information and belief after making inquiry to the
appropriate party.
The general partners of EGS Associates, Bev Partners, and Jonas
Partners, and the members of EGS Partners, are William Ehrman, Frederic
Greenberg, Frederick Ketcher, Jonas Gerstl, James McLaren and William D.
Lautman (collectively, the "General Partners").
<PAGE>
Page 12 of 22 pages
(b) The address of the principal business and principal
office of (i) EGS Associates, EGS Partners, Bev Partners, Jonas
Partners, and each of the General Partners is 350 Park Avenue, 11th
Floor, New York, New York 10022 and (ii) EGS Overseas is c/o CITCO Fund
Services (Curacao) N.V., Kaya Flamboyan 9, Curacao, Netherlands
Antilles.
(c) The principal business of each of EGS Associates, EGS
Overseas, Bev Partners, and Jonas Partners is that of a private
investment partnership or fund, engaging in the purchase and sale of
securities for investment for its own account. The principal business
of EGS Partners is that of a registered investment adviser under the
Investment Advisers Act of 1940, as amended, engaging in the purchase
and sale of securities for investment on behalf of discretionary
accounts including EGS Overseas. The present principal occupations of
the General Partners are as general partners of EGS Associates, Bev
Partners, and Jonas Partners, as members of EGS Partners, and as
Managing Directors of EGS Securities Corp.
(d) None of the persons referred to in paragraph (a) above
has, during the last five years, been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors).
(e) None of the persons referred to in paragraph (a) above
has, during the last five years, 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) Each of the individuals referred to in paragraph (a)
above is a United States citizen. EGS Associates, Bev Partners, and
Jonas Partners are Delaware limited partnerships. EGS Partners is a
Delaware limited liability company. EGS Overseas is a British Virgin
Islands corporation.
Item 3 is hereby amended and restated in its entirety as follows:
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
___________________________________________________________
The net investment cost (including commissions, if any) of
the shares of Common Stock beneficially owned by EGS Associates, EGS
Partners (exclusive of shares beneficially owned by EGS Overseas), EGS
Overseas, Bev Partners, and Jonas Partners is approximately $3,156,761,
$7,242,102, $14,100, $991,167, and $80,393, respectively.
The net investment cost (excluding commissions, if any) of
the shares of Common Stock owned directly by Mr. Ketcher is
approximately $61,575.
Page 13 of 22 pages
<PAGE>
The net investment cost (excluding commissions, if any) of
the shares of Common Stock owned directly by members of Mr. Ehrmans
immediate family is approximately $11,750.00.
Messrs. Gerstl, Greenberg, McLaren and Lautman currently
own no shares of Common Stock.
The shares of Common Stock purchased by each of EGS
Associates, Bev Partners, and Jonas Partners were purchased with the
investment capital of the respective entities. The shares of Common
Stock purchased by EGS Partners were purchased with the investment
capital of discretionary accounts under its management. The shares of
Common Stock purchased by Mr. Ketcher and by Mr. Ehrmans immediate
family were purchased with personal funds.
The shares of Common Stock beneficially owned by EGS
Associates, EGS Partners (excluding EGS Overseas), EGS Overseas, Bev
Partners, and Jonas Partners are held in their respective commingled
margin accounts, or in the case of EGS Partners, in margin and non-
margin accounts held by each discretionary account under its management.
Such margin accounts are maintained at NationsBanc Montgomery Securities
L.L.C. and may from time to time have debit balances. Since other
securities are held in such margin accounts, it is not possible to
determine the amounts, if any, of margin used with respect to the shares
of Common Stock purchased. Non-margin accounts are maintained at
Bankers Trust Company. The shares owned by Mr. Ketcher and by Mr.
Ehrmans immediate family (his wife) are held in accounts maintained at
NationsBanc Montgomery Securities L.L.C. Currently, the interest rate
charged on such various margin accounts is approximately 7.75% per
annum.
Item 5 is hereby amended and restated in its entirety as follows:
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
______________________________________________
(a) The approximate aggregate percentage of shares of Common
Stock reported beneficially owned by each person herein is based on
14,428,671 shares outstanding, which is the total number of shares of
Common Stock outstanding as of March 31, 1998, as reflected in the
companys quarterly report on Form 10-Q filed with the Securities and
Exchange Commission (the Commission) for the quarter ended March 31,
1998 (which is the most recent Form 10-Q on file).
As of the close of business on July 21, 1998:
(i) EGS Associates owns beneficially 465,128 shares of
Common Stock, constituting approximately 3.22% of the
shares outstanding.
Page 14 of 22 pages
(ii) EGS Partners owns directly no shares of Common Stock.
By reason of the provisions of Rule 13D-3 of the
Securities Exchange Act of 1934, as amended (the
Act), EGS Partners may be deemed to own beneficially
1,062,874 shares, constituting approximately 7.37% of
the shares outstanding, purchased for discretionary
accounts managed by it other than EGS Overseas, and
2,000 shares of Common Stock purchased for EGS Overseas
(constituting approximately .01% of the shares
outstanding), which, when aggregated, total 1,064,874
shares of Common Stock, constituting approximately
7.37% of the shares outstanding.
(iii) Bev Partners owns beneficially 152,097 shares of Common
Stock, constituting approximately 1.05% of the shares
outstanding.
(iv) Jonas Partners owns 16,500 shares of Common Stock,
constituting less than 1% of the shares outstanding.
(v) Mr. Ehrman owns beneficially through ownership by
members of his immediate family (his wife), 2,000
shares of Common Stock, constituting less than 1%
of the shares outstanding.
(vi) Mr. Ketcher owns beneficially through ownership by
himself 10,800 shares of Common Stock, constituting
less than 1% of the shares outstanding.
(vi) Messrs. Gerstl, Greenberg, McLaren and Lautman own
directly no shares of Common Stock.
By reason of the provisions of Rule 13D-3 of the Act, each of
the General Partners may be deemed to own the 465,128 shares
beneficially owned by EGS Associates, the 1,064,874 shares beneficially
owned by EGS Partners, the 152,097 shares beneficially owned by Bev
Partners, and the 16,500 shares beneficially owned by Jonas Partners.
When the shares beneficially owned by EGS Associates, EGS Partners, Bev
Partners, and Jonas Partners are aggregated, they total 1,698,599 shares
of Common Stock, constituting approximately 11.77% of the shares
outstanding.
(vii) In the aggregate, the Reporting Persons beneficially
own a total of 1,711,399 shares of Common Stock, constituting
approximately 11.86% of the shares outstanding.
Page 15 of 22 pages
(b) (i) Each of EGS Associates, EGS Partners, (with respect
to shares held by EGS Overseas and other discretionary accounts), Bev
Partners, and Jonas Partners has the power to vote on all of the shares
of Common Stock, except for 8,254 shares held by one of the
discretionary accounts, and to dispose of all of the shares of Common
Stock beneficially owned by it, which power may be exercised by the
General Partners. Each of EGS Overseas and the discretionary accounts
is a party to an investment management agreement with EGS Partners
pursuant to which EGS Partners has investment authority with respect to
securities held in such account.
(ii) Mr. Ehrman has no power to vote and shared power to
dispose of shares owned by his immediate family (his wife), and Mr.
Ketcher has the sole power to vote and dispose of the shares owned
directly by him.
(c) The trading dates, number of shares of Common Stock
purchased or sold and price per share for all transactions in the Common
Stock from the 60th day prior to July 14, 1998 until July 21, 1998 by
EGS Associates, EGS Partners (excluding EGS Overseas), Bev Partners and
Mr. Ehrman are set forth in Schedules A, B, C, and D, respectively, and
were all effected on the New York Stock Exchange. During such period,
Jonas Partners, and Messrs. Greenberg, Ketcher, Gerstl, McLaren and
Lautman did not enter into any transactions in the Common Stock.
(d) No person other than each respective record owner of
shares of Common Stock referred to herein is known to have the right to
receive or the power to direct the receipt of dividends from or the
proceeds of sale of such shares of Common Stock.
Page 16 of 22 pages
SIGNATURES
After reasonable inquiry and to the best of our knowledge and
belief, the undersigned certify that the information set forth in this
statement is true, complete and correct.
DATED: ________________________ ____________________________________
William Ehrman, individually and as
general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS,
L.P., JONAS PARTNERS, L.P., and as a
member of EGS PARTNERS, L.L.C.
____________________________________
William Ehrman as Attorney-in-Fact
for Frederic Greenberg, individually
and as general partner of each of
EGS ASSOCIATES, L.P., BEV PARTNERS,
L.P., JONAS PARTNERS, L.P. and as a
member of EGS PARTNERS, L.L.C.
____________________________________
William Ehrman as Attorney-in-Fact
for Frederick Ketcher, individually
and as general partner of each of
EGS ASSOCIATES, L.P., BEV PARTNERS,
L.P., JONAS PARTNERS, L.P. and as a
member of EGS PARTNERS, L.L.C.
____________________________________
William Ehrman, as Attorney-in-Fact
for Jonas Gerstl, individually and
as general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS, L.P.
JONAS PARTNERS, L.P. and as a member
of EGS PARTNERS, L.L.C.
____________________________________
James McLaren, individually and as
general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS,
L.P., JONAS PARTNERS, L.P. and as a
member of EGS PARTNERS, L.L.C.
____________________________________
William D. Lautman, individually and
as general partner of each of EGS
ASSOCIATES, L.P., BEV PARTNERS,
L.P., JONAS PARTNERS, L.P. and as a
member of EGS PARTNERS, L.L.C.
Page 17 of 22 pages
<PAGE
<PAGE>
Schedule A
EGS Associates, L.P.
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
________________________________________________________________________
5/19/98 8,000 $7.15
5/21/98 6,000 $7.13
5/27/98 4,000 $7.01
5/28/98 2,000 $6.98
5/29/98 2,900 $7.00
6/3/98 500 $6.75
6/4/9 83,000 $6.71
6/5/98 1,500 $6.76
6/8/98 2,000 $6.69
6/10/98 1,000 $6.56
6/11/98 1,000 $6.50
6/12/98 2,000 $6.45
6/15/98 1,000 $6.56
6/15/98 100 $6.44
6/16/98 1,000 $6.56
6/18/98 5,000 $6.56
6/19/98 3,000 $6.50
6/22/98 3,000 $6.21
6/23/98 8,000 $5.75
6/24/98 5,200 $5.73
6/25/98 2,247 $5.89
6/30/98 6,621 $5.99
7/1/98 7,495 $5.66
7/8/98 1,500 $5.81
7/14/98 4,318 $5.60
Page 18 of 22 pages
<PAGE>
<PAGE>
Schedule B
EGS Partners, L.P.
(excluding EGS Overseas)
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
______________________________________________________________________
5/18/98 5,000 $7.32
6/12/98 3,000 $6.45
7/14/98 11,220 $5.60
7/15/98 6,500 $5.39
7/20/98 5,000 $4.81
7/21/98 23,000 $4.62
Page 19 of 22 pages
<PAGE>
<PAGE>
Schedule C
Bev Partners, LP
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
_______________________________________________________________________
6/25/98 753 $5.89
6/26/98 2,000 $5.19
6/30/98 379 $5.99
7/1/98 2,505 $5.66
7/7/98 2,000 $5.94
7/13/98 1,000 $5.81
7/14/98 1,462 $5.60
7/17/98 8,000 $5.14
Page 20 of 22 pages
<PAGE>
<PAGE>
Schedule D
William Ehrman
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
_______________________________________________________________________
7/9/98 (14,200) *
*These shares were transferred out of the account of Mr.
Ehrmans brother, Richard Ehrman.
Page 21 of 22 pages
<PAGE>
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