SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
--------------------------
SCHEDULE 13D
Amendment Number 4
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)
Arthur Goetchius
300 Park Avenue, 21st Fl.,
New York, NY 10022 (212) 755-9000
(Name, address and telephone number of person
authorized to receive notices and communications)
January 30, 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 19 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
SHARES -0-
- ------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 333,079
- ------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER 333,079
- ------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 333,079
- ------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11) 2.31%
- ------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON ** PN
- ------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 19 pages
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
SHARES -0-
- ------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 867,931
- ------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
875,894
- ------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
875,894
- ------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
6.07%
- ------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IA
- ------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 19 pages
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
SHARES -0-
- ------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 121,326
- ------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
121,326
- ------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
121,326
- ------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
.84%
- ------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
PN
- ------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 19 pages
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
SHARES -0-
- ------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 16,500
- ------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------
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 19 pages
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
SHARES -0-
- ------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 1,338,836
- ------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,362,999
- ------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,362,999
- ------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
9.45%
- ------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN
- ------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 19 pages
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
SHARES -0-
- ------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 1,338,836
- ------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,346,799
- ------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,346,799
- ------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
9.33%
- ------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN
- ------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 19 pages
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
SHARES 10,800
- ------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 1,338,836
- ------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING 10,800
- ------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,346,799
- ------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,357,599
- ------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
9.41%
- ------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN
- ------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 19 pages
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
SHARES -0-
- ------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 1,338,836
- ------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,346,799
- ------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,346,799
- ------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
9.33%
- ------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN
- ------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 19 pages
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
SHARES -0-
- ------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 1,338,836
- ------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,346,799
- ------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,346,799
- ------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
9.33%
- ------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN
- ------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 10 of 19 pages
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
SHARES -0-
- ------------------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 1,338,836
- ------------------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
REPORTING -0-
- ------------------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
1,346,799
- ------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,346,799
- ------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
- ------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
9.33%
- ------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN
- ------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 11 of 19 pages
The initial Schedule 13D (the "Schedule 13D") 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 and (ix) James McLaren 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. 4 as follows:
ITEM 2 of Amendment No. 3 is hereby amended and supplemented by the
addition of the following:
ITEM 2 IDENTITY AND BACKGROUND.
William D. Lautman became a General Partner of EGS Associates, EGS
Partners and Bev Partners on September 18, 1997 and therefore is included
as a Reporting Person with respect to shares of Common Stock held by EGS
Associates, EGS Partners and Bev Partners. Mr. Lautman is hereinafter
sometimes referred to as a Reporting Person.
The address of the principal business office of Mr. Lautman is 300
Park Avenue, 21st Floor, New York, New York 10022.
The present principal occupation of Mr. Lautman is General Partner
of EGS Associates, EGS Partners and Bev Partners. In addition, Mr.
Lautman is a director of EGS Securities Corp., an affiliated company whose
principal business is that of a registered broker-dealer. Mr. Lautman has
not, during the last five years, been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors).
Mr. Lautman has not, during the past 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. Mr.
Lautman is a United States citizen.
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,
Bev Partners, and Jonas Partners is approximately $2,259,200, $5,969,365,
$798,349, 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 12 of 19 pages
The net investment cost (excluding commissions, if any) of the
shares of Common Stock owned directly by members of Mr. Ehrman's immediate
family (including his brother and his brother's wife) is approximately
$94,375.
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. Ehrman's immediate family (including
his brother and his brother's wife) were purchased with personal funds.
The shares of Common Stock beneficially owned by EGS Associates,
EGS Partners, 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, 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. Ehrman's
immediate family (including his brother and his brother's wife) are held
in accounts maintained at NationsBanc Montgomery. Currently, the interest
rate charged on such various margin accounts is approximately 8.25% 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 September 30, 1997, as reflected in the
company's quarterly report on Form 10-Q filed with the Securities and
Exchange Commission (the "Commission") for the period ended September 30,
1997 (which is the most recent Form 10-Q on file).
As of the close of business on February 2, 1998:
(i) EGS Associates owns beneficially 333,079 shares of
Common Stock, constituting approximately 2.31% of the shares outstanding.
Page 13 of 19 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 875,894 shares, constituting approximately 6.07% of
the shares outstanding, purchased for discretionary accounts managed by
it.
(iii) Bev Partners owns beneficially 121,326 shares of
Common Stock, constituting less than 1% 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 (including his brother and his brother's
wife), 16,200 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.
(vii) 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 333,079 shares beneficially
owned by EGS Associates, the 875,894 shares beneficially owned by EGS
Partners, the 121,326 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 1,346,799 shares of Common
Stock, constituting approximately 9.33% of the shares outstanding.
(vii) In the aggregate, the Reporting Persons
beneficially own a total of 1,373,799 shares of Common Stock, constituting
approximately 9.52% of the shares outstanding.
(b) (i) Each of EGS Associates, EGS Partners, Bev Partners,
and Jonas Partners has the power to vote all of the shares of Common
Stock, except for 7,963 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 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.
Page 14 of 19 pages
(ii) Mr. Ehrman has no power to vote and shared power
to dispose of shares owned by his immediate family (including his brother
and his brother's 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 January 30, 1998 until February 2, 1998
by EGS Associates, EGS Partners and Bev Partners are set forth in
Schedules A, B, and C, respectively, and were all effected on the New York
Stock Exchange. During such period, Jonas Partners, and Messrs. Ehrman,
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 15 of 19 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.
- ----------------------------
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.
- ----------------------------
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.
- ----------------------------
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 16 of 19 pages
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)
- ------------------------------------------------------------------------
12/1/97 6,000 $8.45
12/3/97 6,000 $8.31
12/10/97 500 $8.25
12/19/97 1,000 $8.22
1/12/98 2,200 $7.81
Page 17 of 19 pages
Schedule B
EGS Partners, L.P.
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
- -----------------------------------------------------------------------
12/05/97 4,000 $8.279
12/08/97 2,000 $8.248
12/09/97 3,000 $8.248
12/12/97 5,000 $8.248
12/15/97 3,000 $8.168
12/16/97 1,300 $8.185
12/23/97 3,300 $8.123
12/24/97 5,000 $8.070
12/26/97 5,000 $8.060
12/29/97 5,000 $8.123
12/30/97 3,100 $8.060
12/31/97 6,000 $8.060
01/02/98 7,000 $8.060
01/08/98 3,000 $7.810
01/09/98 6,000 $7.737
01/13/98 5,000 $7.748
01/14/98 3,000 $7.560
01/15/98 10,000 $7.529
01/20/98 5,000 $7.560
01/21/98 500 $7.248
01/21/98 3,000 $7.185
01/22/98 10,000 $7.123
01/23/98 8,200 $7.060
01/26/98 2,000 $7.373
01/27/98 6,000 $7.685
01/29/98 1,000 $7.373
01/30/98 5,000 $7.485
02/02/98 6,000 $7.788
Page 18 of 19 pages
Schedule C
Bev Partners, L.P.
Transactions in the Common Stock
Price Per Share
Date of Number of (including
Transaction Shares Purchased/(Sold) Commissions, if any)
- ------------------------------------------------------------------------
1/9/98 4,000 $7.81
1/14/98 5,000 $7.56
1/15/98 2,000 $7.56
1/28/98 1,000 $7.44
Page 19 of 19 pages
