SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
SCHEDULE 13G*
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
Worldtex, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
981907108
(CUSIP Number)
(conversion from Schedule 13D)
(Date of event which requires filing of this statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule 13G is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
________________
*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 17 Pages
CUSIP No. 981907108 13G
________________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
EGS Associates, L.P.
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES ___________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
473,128
OWNED BY ___________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING ___________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
473,128
________________________________________________________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
473,128
________________________________________________________________________
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
3.3%
________________________________________________________________________
(12) TYPE OF REPORTING PERSON **
PN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 17 Pages
CUSIP No. 981907108 13G
_______________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
EGS Partners, L.L.C.
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
1,064,620
OWNED BY ___________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
1,074,874
________________________________________________________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,074,874
________________________________________________________________________
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
7.4%
________________________________________________________________________
(12) TYPE OF REPORTING PERSON **
IA
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 17 Pages
CUSIP No. 981907108 13G
_______________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Bev Partners, L.P.
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
152,097
OWNED BY ___________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
152,097
________________________________________________________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
152,097
________________________________________________________________________
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
1.1%
________________________________________________________________________
(12) TYPE OF REPORTING PERSON **
PN
_______________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 17 Pages
CUSIP No. 981907108 13G
________________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Jonas Partners, L.P.
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
16,500
OWNED BY ___________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
16,500
________________________________________________________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
16,500
________________________________________________________________________
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
0.1%
________________________________________________________________________
(12) TYPE OF REPORTING PERSON **
PN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 17 Pages
CUSIP No. 981907108 13G
_______________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
William Ehrman
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
1,708,345
OWNED BY ___________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
1,718,599
________________________________________________________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,718,599
________________________________________________________________________
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
11.9%
________________________________________________________________________
(12) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 17 Pages
CUSIP No. 981907108 13G
_______________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Frederic Greenberg
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
1,708,345
OWNED BY ___________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
1,716,599
________________________________________________________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,716,599
________________________________________________________________________
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
11.9%
________________________________________________________________________
(12) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 17 Pages
CUSIP No. 981907108 13G
_______________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Frederick Ketcher
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________
NUMBER OF (5) SOLE VOTING POWER
10,800
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
1,708,345
OWNED BY ___________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
10,800
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
1,716,599
________________________________________________________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,727,399
________________________________________________________________________
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
12.0%
________________________________________________________________________
(12) TYPE OF REPORTING PERSON **
IN
_______________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 17 Pages
CUSIP No. 981907108 13G
_______________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Jonas Gerstl
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
1,708,345
OWNED BY ___________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
1,716,599
________________________________________________________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,716,599
________________________________________________________________________
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
11.9%
________________________________________________________________________
(12) TYPE OF REPORTING PERSON **
IN
________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 17 Pages
CUSIP No. 981907108 13G
_______________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
James McLaren
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
1,708,345
OWNED BY ___________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
1,716,599
________________________________________________________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,716,599
________________________________________________________________________
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
11.9%
________________________________________________________________________
(12) TYPE OF REPORTING PERSON **
IN
_______________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 10 of 17 Pages
CUSIP No. 981907108 13G
_______________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
William D. Lautman
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [X]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
1,708,345
OWNED BY ___________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
1,716,599
________________________________________________________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,716,599
________________________________________________________________________
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
________________________________________________________________________
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
11.9%
________________________________________________________________________
(12) TYPE OF REPORTING PERSON **
IN
_______________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 11 of 17 Pages
CUSIP No. 981907108 13G
Item 1(a). Name of Issuer:
The name of the issuer is Worldtex, Inc. (the "Company").
Item 1(b). Address of Issuer's Principal Executive Offices:
The Company's principal executive offices are located at 212 Twelfth
Avenue NE, Hickory, North Carolina 28601
Item 2(a). Name of Person Filing:
This statement is filed by:
(i) EGS Associates, L.P., a Delaware limited partnership ("EGS
Associates"), with respect to Shares 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 beneficially owned by it;
(iv) Jonas Partners, L.P., a Delaware limited partnership ("Jonas
Partners"), with respect to Shares beneficially owned by it;
(v) William Ehrman, with respect to Shares 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 beneficially owned
by EGS Associates, EGS Partners, Bev Partners, and Jonas Partners;
(vii) Frederick Ketcher, with respect to Shares beneficially owned
by him, EGS Associates, EGS Partners, Bev Partners, and Jonas Partners;
(viii) Jonas Gerstl, with respect to Shares beneficially owned by
EGS Associates, EGS Partners, Bev Partners, and Jonas Partners;
(ix) James McLaren, with respect to Shares beneficially owned by
EGS Associates, EGS Partners, Bev Partners, and Jonas Partners; and
(x) William Lautman, with respect to Shares beneficially owned by
EGS Associates, EGS Partners, Bev Partners, and Jonas Partners.
The foregoing persons hereinafter sometimes are 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 members of EGS Partners and the general partners of EGS Associates,
Bev Partners, and Jonas Partners are William Ehrman, Frederic Greenberg,
Frederick Ketcher, Jonas Gerstl, James McLaren and William Lautman
(collectively, the "General Partners").
Page 12 of 17 Pages
CUSIP No. 981907108 13G
Item 2(b). Address of Principal Business Office or, if None, Residence:
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.
Item 2(c). Citizenship:
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 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
981907108
Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or
(c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under Section 15 of the
Act,
(b) [ ] Bank as defined in Section 3(a)(6) of the Act,
(c) [ ] Insurance Company as defined in Section 3(a)(19) of
the Act,
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act of 1940,
(e) [ ] Investment Adviser in accordance with Rule
13d-1 (b)(1)(ii)(E),
(f) [ ] Employee Benefit Plan or Endowment Fund in
accordance with 13d-1 (b)(1)(ii)(F),
(g) [ ] Parent Holding Company or control person in
accordance with Rule 13d-1 (b)(1)(ii)(G),
(h) [ ] Savings Association as defined in Section 3(b) of
the Federal Deposit Insurance Act,
Page 13 of 17 Pages
CUSIP No. 981907108 13G
(i) [ ] Church Plan that is excluded from the definition of
an investment company under Section 3(c)(14) of the
Investment Company Act of 1940,
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to 13d-1(c), check this box: [x]
Item 4. Ownership.
As of the close of business on July 23, 1998:
A. EGS Associates, L.P.
(a) Amount beneficially owned: 473,128
(b) Percent of class: 3.3% The percentages used herein and in the
rest of Item 4 are calculated based upon the 14,428,671 Shares issued and
outstanding as of March 31, 1998 as reported in the Companys quarterly 10-Q
for the period ended March 31, 1998.
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 473,128
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 473,128
B. EGS Partners, L.L.C.
(a) Amount beneficially owned: 1,074,874
(b) Percent of class: 7.4%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 1,066,620
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 1,074,874
C. Bev Partners, L.P.
(a) Amount beneficially owned: 152,097
(b) Percent of class: 1.1%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 152,097
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 152,097
D. Jonas Partners, L.P.
(a) Amount beneficially owned: 16,500
(b) Percent of class: 0.1%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 16,500
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 16,500
Page 14 of 17 Pages
CUSIP No. 981907108 13G
E. William Ehrman
(a) Amount beneficially owned: 1,718,599
(b) Percent of class: 11.9%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 1,708,345
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 1,718,599
F. Frederic Greenberg
(a) Amount beneficially owned: 1,716,599
(b) Percent of class: 11.9%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 1,708,345
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 1,716,599
G. Frederick Ketcher
(a) Amount beneficially owned: 1,727,399
(b) Percent of class: 12.0%
(c)(i) Sole power to vote or direct the vote: 10,800
(ii) Shared power to vote or direct the vote: 1,708,345
(iii) Sole power to dispose or direct the disposition: 10,800
(iv) Shared power to dispose or direct the disposition: 1,716,599
H. Jonas Gerstl
(a) Amount beneficially owned: 1,716,599
(b) Percent of class: 11.9%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 1,708,345
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 1,716,599
I. James McLaren
(a) Amount beneficially owned: 1,716,599
(b) Percent of class: 11.9%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 1,708,345
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 1,716,599
J. William Lautman
(a) Amount beneficially owned: 1,716,599
(b) Percent of class: 11.9%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 1,708,345
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 1,716,599
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Page 15 of 17 Pages
CUSIP No. 981907108 13G
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
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 and to dispose of the Shares beneficially owned by it,
which power may be exercised by the General Partners. Over one such
discretionary account, however, EGS Partners does not have voting authority.
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.
No person other than each respective record owner 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 Common
Stock.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
Each of the Reporting Persons hereby makes the following certification:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held
for the purpose of or with the effect of changing or influencing the control
of the issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having that purpose or
effect.
Page 16 of 17 Pages
CUSIP No. 981907108 13G
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: July 27, 1998
/s/ William Ehrman
--------------------------------
William Ehrman, individually and as general
partner of each of EGS ASSOCIATES, L.P., BEV
PARTNERS, L.P., JONAS PARTNERS, L.P., and as
member of EGS PARTNERS, L.L.C.
/s/ Frederic Greenberg
--------------------------------
Frederic Greenberg, individually and as general
partner of each of EGS ASSOCIATES, L.P., BEV
PARTNERS, L.P., JONAS PARTNERS, L.P., and as
member of EGS PARTNERS, L.L.C.
/s/ Frederick Ketcher
--------------------------------
Frederick Ketcher, individually and as general
partner of each of EGS ASSOCIATES, L.P., BEV
PARTNERS, L.P., JONAS PARTNERS, L.P., and as
member of EGS PARTNERS, L.L.C.
/s/ Jonas Gerstl
--------------------------------
Jonas Gerstl, individually and as general partner
of each of EGS ASSOCIATES, L.P., BEV PARTNERS,
L.P., JONAS PARTNERS, L.P., and as member of EGS
PARTNERS, L.L.C.
/s/ James McLaren
--------------------------------
James McLaren, individually and as general partner
of each of EGS ASSOCIATES, L.P., BEV PARTNERS,
L.P., JONAS PARTNERS, L.P., and as member of EGS
PARTNERS, L.L.C.
/s/ William Lautman
--------------------------------
William Lautman, individually and as general
partner of each of EGS ASSOCIATES, L.P., BEV
PARTNERS, L.P., JONAS PARTNERS, L.P., and as
member of EGS PARTNERS, L.L.C.
Page 17 of 17 Pages
Continued on next page
