<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
LANDRY'S SEAFOOD RESTAURANTS, INC.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
51508L 10 3
(CUSIP Number)
TILMAN J. FERTITTA
1400 POST OAK BLVD.
SUITE 1010
HOUSTON, TEXAS 77056
(713) 850-1010
(Name, Address and Telephone Number of Person authorized to
Receive Notices and Communications)
with copies to:
STEVEN L. SCHEINTHAL
LANDRY'S SEAFOOD RESTAURANTS, INC.
1400 POST OAK BLVD., SUITE 1010
HOUSTON, TEXAS 77056
(713) 850-1010
MAY 19, 1999
(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 13-1(e), (f) or (g), check the following box [ ].
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
CUSIP No. 51508L 10 3 Page 1 of 8
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 51508L 10 3 PAGE 2 OF 8 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Tilman Fertitta - ###-##-####
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
PF
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
3,710,000(1)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 2,090,000(2)
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
3,710,000(1)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
2,090,000(2)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
5,800,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
22% (See Item 5)
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
(1) Includes 800,000 shares subject to options that have not been
exercised by Tilman J. Fertitta but which are exercisable within 60
days of the date hereof.
(2) Because Tilman J. Fertitta ("Fertitta") has a 90% membership interest
(his wife owns the remaining 10% membership interest) in Hospitality
Entertainment, L.L.C. ("Hospitality") and, thus, controls Hospitality,
Mr. Fertitta is deemed to share voting and dispositive power with
Hospitality.
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 51508L 10 3 PAGE 3 OF 8 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Hospitality Entertainment, L.L.C.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Texas
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 2,090,000(1)
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
2,090,000(1)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
2,090,000(1)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
(See Item 5) 8.1%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
OO
- ------------------------------------------------------------------------------
(1) Because Tilman J. Fertitta has a 90% membership interest (his wife
owns the remaining 10% membership interest) in Hospitality
Entertainment, L.L.C. ("Hospitality") and, thus, controls Hospitality,
Mr. Fertitta is deemed to share voting and dispositive power with
Hospitality.
<PAGE>
AMENDMENT NO. 2 TO SCHEDULE 13D
This Amendment No. 2 amends and supplements the statement on Schedule 13D,
as most recently amended by Amendment No. 1 dated May 7, 1999, filed by Tilman
J. Fertitta and Hospitality Entertainment, L.L.C. with respect to the common
stock, par value $.01 per share ("Common Stock") of Landry's Seafood
Restaurants, Inc. ("Landry's"). Such Schedule 13D is hereby amended to add or
revise information only to the items indicated.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
On May 19, 1999, Mr. Fertitta exercised his option to acquire 900,000
shares of the Common Stock of Landry's at $6.00 per share. Mr. Fertitta's
exercise and acquisition of the Common Stock was made with his personal funds.
Mr. Fertitta's total acquisition of shares of Common Stock was 900,000 shares
for an aggregate purchase price of approximately $5,400,000.
ITEM 4. PURPOSE OF THE TRANSACTION
Mr. Fertitta is the founder of Landry's and is its current Chairman, Chief
Executive Officer and President. Since Landry's inception he has been, directly
or indirectly, Landry's largest individual stockholder. Depending upon market
conditions and other matters he deems material, Mr. Fertitta may continue to
acquire or dispose of additional shares of Landry's Common Stock, so long as it
meets his personal investment criteria. Except as set forth in this Item 4, Mr.
Fertitta does not have any present plans which would result in any of the
actions enumerated in clauses (a)-(j) of Item 4 of Schedule 13(D).
ITEM 5. INTEREST IN THE SECURITIES OF THE ISSUER.
(A) AGGREGATE NUMBER AND PERCENTAGE OF SECURITIES BENEFICIALLY OWNED:
Hospitality is the beneficial owner of 2,090,000 shares of Landry's
Common Stock representing, 8.1% of the shares of Landry's Common Stock
outstanding (based on the number of shares of Landry's Common Stock
outstanding on May 28, 1999).
Mr. Fertitta is the direct beneficial owner of 2,910,000 shares of
Landry's Common Stock, and has options to acquire an additional
800,000 shares of Landry's Common Stock which are exercisable within
60 days hereof, and the indirect beneficial owner of 2,090,000 shares
of Landry's Common Stock representing in the aggregate 22% of the
shares of Landry's Common Stock outstanding (based on the number of
shares of Landry's Common Stock outstanding on May 28, 1999).
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Mr. Fertitta was originally awarded (i) 600,000 options in 1995, which
are fully vested and as of 1997 are at an exercise price of $12.875 a
share, (ii) 150,000 options in 1996 which are fully vested at an
exercise price of $14.00 a share, and (iii) 150,000 options in 1997 at
an exercise price of $12.875 a share, of which 50,000 options are
vested (the remaining 100,000 options shall vest in equal installments
on January 1, 2000 and January 1, 2001). Based on the foregoing, Mr.
Fertitta has the option to acquire up to 900,000 shares of Common
Stock in Landry's of which, 800,000 options are vested and fully
exercisable within sixty (60) days. See Item 3.
ITEM 7. EXHIBITS
1. Joint Filing Agreement
[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]
[SIGNATURES APPEAR ON THE FOLLOWING PAGES]
CUSIP No. 51508L 10 3 Page 4 of 8
<PAGE>
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
May 28, 1999
-------------------------------
(Date)
/s/ Tilman J. Fertitta
-------------------------------
(Signature)
CUSIP No. 51508L 10 3 Page 5 of 8
<PAGE>
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
May 28, 1999
-------------------------------
(Date)
HOSPITALITY ENTERTAINMENT, L.L.C.
By: /s/ Tilman J. Fertitta
----------------------------------
Tilman J. Fertitta
President
CUSIP No. 51508L 10 3 Page 6 of 8
<PAGE>
EXHIBIT 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) of Regulation 13D-G of the Securities
Exchange Act of 1934, the entities below agree to the joint filing on behalf of
each of them of this Statement on Schedule 13D (including any and all amendments
thereto) with respect to the Common Stock of Landry's Seafood Restaurants, Inc.,
and further agree that this Joint Filing Agreement is included as an Exhibit to
such joint filing. In evidence thereof, the undersigned, being duly authorized,
hereby execute this Agreement.
HOSPITALITY ENTERTAINMENT, L.L.C.
By: /s/ Tilman J. Fertitta
-------------------------------------
Tilman J. Fertitta
President
/s/ Tilman J. Fertitta
-------------------------------------
Tilman J. Fertitta
