CANNAE LIMITED PARTNERSHIP
SC 13D/A, 1996-01-24
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<PAGE>   1

                                UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549


                                 SCHEDULE 13D


                  Under the Securities Exchange Act of 1934

                               Amendment No. 3
                                          


                            CKE RESTAURANTS, INC.
- -------------------------------------------------------------------------------
                               (Name of Issuer)


                                 COMMON STOCK
- -------------------------------------------------------------------------------
                        (Title of Class of Securities)


                                 485636 10 4
                        ------------------------------
                                (CUSIP Number)


                             William P. Foley, II
                                  President
                              Bogner Regis, Inc.
                        3811 W. Charleston, Suite 210
                           Las Vegas, Nevada 89102
                                (702) 877-3003
- -------------------------------------------------------------------------------
         (Name, Address and Telephone Number of Person Authorized to
                     Receive Notices and Communications)

                               January 16, 1996
           -------------------------------------------------------
           (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 / /.



                              Page 1 of 7 Pages
<PAGE>   2
                                 SCHEDULE 13D

CUSIP NO. 405636 10 4
          -----------

- ------------------------------------------------------------------------------
1    NAME OF REPORTING PERSON

     Cannae Limited Partnership, a Nevada Limited Partnership

     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

     I.R.S. No. 88-0309448

- ------------------------------------------------------------------------------
2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                    (a) [X]
                                                                        (b) [ ]

- ------------------------------------------------------------------------------
3  SEC USE ONLY

- ------------------------------------------------------------------------------
4  SOURCE OF FUNDS


- ------------------------------------------------------------------------------
5  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
   PURSUANT TO ITEMS 3(d) or 3(e)                                           [ ]

- ------------------------------------------------------------------------------
6  CITIZENSHIP OR PLACE OF ORGANIZATION

        Nevada

- ------------------------------------------------------------------------------
 NUMBER OF     7  SOLE VOTING POWER
  SHARES           3,720,002
BENEFICIALLY   ---------------------------------------------------------------
 OWNED BY      8  SHARED VOTING POWER
  EACH             0
 REPORTING     ---------------------------------------------------------------
  PERSON       9  SOLE DISPOSITIVE POWER
   WITH:           3,720,002
              ----------------------------------------------------------------
              10  SHARED DISPOSITIVE POWER
                   0

- ------------------------------------------------------------------------------
11  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       3,720,002

- ------------------------------------------------------------------------------
12  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  [X]

- ------------------------------------------------------------------------------
13  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
       20.1

- ------------------------------------------------------------------------------
14  TYPE OF REPORTING PERSON*
      PN

- ------------------------------------------------------------------------------

                     *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.



                              Page 2 of 7 Pages


<PAGE>   3
                                 SCHEDULE 13D

- ------------------------------------------------------------------------------
1    NAME OF REPORTING PERSON

     Folco Development Corporation, a Nevada corporation
     Daniel V., Inc., a Nevada corporation
     Daniel D. Lane Revocable Trust, u/d/t 7/10/92
     Frank P. Willey
     Ce Mar Las Vegas X, Inc., a Nevada corporation
     Berry Living Trust, u/d/t/ 11/5/87
     Salvatore Family Trust, u/d/t 11/2/81
     Max Hickman
     Lawrence Calinda
     Wayne Diaz
     Carl A. Strunk
     Ron Maggard
     Daniel M. Culnane

- ------------------------------------------------------------------------------
2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                    (a) [X]
                                                                        (b) [ ]

- ------------------------------------------------------------------------------
3  SEC USE ONLY

- ------------------------------------------------------------------------------
4  SOURCE OF FUNDS


- ------------------------------------------------------------------------------
5  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
   PURSUANT TO ITEMS 3(d) or 3(e)                                           [ ]

- ------------------------------------------------------------------------------
6  CITIZENSHIP OR PLACE OF ORGANIZATION

        Folco - Nevada                  Ce Mar - Nevada
        Daniel V. - Nevada              Berry Trust - California
        Lane Trust - Nevada             Salvatore Trust - California

- ------------------------------------------------------------------------------
 NUMBER OF     7  SOLE VOTING POWER
  SHARES           4,043,752
BENEFICIALLY   ---------------------------------------------------------------
 OWNED BY      8  SHARED VOTING POWER
  EACH             0
 REPORTING     ---------------------------------------------------------------
  PERSON       9  SOLE DISPOSITIVE POWER
   WITH:           4,043,752
              ----------------------------------------------------------------
              10  SHARED DISPOSITIVE POWER
                   0

- ------------------------------------------------------------------------------
11  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
        4,043,752

- ------------------------------------------------------------------------------
12  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  [X]

- ------------------------------------------------------------------------------
13  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
       22.4

- ------------------------------------------------------------------------------
14  TYPE OF REPORTING PERSON*
      CO IN CO-TRUST

- ------------------------------------------------------------------------------

                     *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.



                              Page 3 of 7 Pages


<PAGE>   4
        The Schedule 13D of Cannae Limited Partnership, a Nevada Limited
Partnership (the "Partnership") with respect to shares of common stock, par
value $.01 per share (the "CKE common stock") of CKE Restaurants, Inc., a
Delaware corporation ("CKE")(the "Partnership 13D"), is hereby amended as set
forth below. As stated in the last paragraph of Item 2 of the Restated Schedule
13D and Amendment No. 2, dated December 10, 1993, of Folco Development
Corporation, a Nevada corporation, ("Folco"), Daniel V., Inc., a Nevada
Corporation, the Daniel D. Lane Revocable Trust, u/d/t 7/10/92, Frank P.
Willey, Ce Mar Las Vegas X, Inc., a Nevada corporation, the Berry Living Trust,
u/d/t 11/3/87, the Salvatore Family Trust, u/d/t 11/8/91, Max Hickman, Lawrence
Calinda, Wayne Diaz, Carl A. Strunk, Ron Maggard and Daniel M. Culnane
(collectively, the "Other Filing Persons") with respect to CKE common stock,
this Amendment No. 3 to the Partnership 13D discloses and updates information
with respect to the Other Filing Persons. All capitalized terms used herein
without definition have the definitions given to such terms in the Partnership
13D.

Item 3 - Source and Amount of Funds or Other Consideration
         -------------------------------------------------

        The transaction giving rise to this Amendment No. 3 to the Partnership
13D is the sale by The Partnership of 100,000 shares of CKE common stock on
January 16, 1996 for an aggregate sale price of $1,543,750 (net of brokerage 
commissions).

Item 5 - Interest in Securities of Issuer
         --------------------------------

        The Partnership controls (directly and indirectly), excluding shares of
CKE common stock owned by the Karchers and the Karcher Trust, approximately
4,043,752 shares or approximately 22.4 percent of CKE common stock. In addition
to shares owned directly by the Partnership, Class B Limited Partners own the
following: Folco owns directly 263,750 shares or approximately 1.4 percent of
CKE common stock, Mr. Willey owns directly 10,000 shares or approximately .05
percent of CKE common stock, and Daniel and the Daniel D. Lane Revocable Trust
u/d/t July 10, 1992, of which the President of Daniel is the Trustee, own
directly in the aggregate 50,000 shares or approximately .3 percent of CKE
common stock. With respect to share and percentage ownership of CKE common
stock by the Trust and the Karchers, reference is made to Amendment No. 2 to
Schedule 13D dated December 10, 1993 filed by such persons.



                              Page 4 of 7 Pages



<PAGE>   5
        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.

January 23, 1996

Cannae Limited Partnership

By:     Bogner Regis, Inc., its
        General Partner

By:     /s/ William P. Foley, II
        --------------------------------
        William P. Foley, II
        President

Folco Development Corporation

By:     /s/ William P. Foley, II
        --------------------------------
        William P. Foley, II
        President

Daniel D. (Ron) Lane

By:     /s/ Daniel D. (Ron) Lane
        --------------------------------
        Daniel D. (Ron) Lane
        President

        /s/ Daniel D. (Ron) Lane
        --------------------------------
        Daniel D. (Ron) lane, as Trustee
        of the Daniel D. Lane Revocable
        Trust u/d/t July 10, 1992


                              Page 5 of 7 Pages
        
<PAGE>   6
By:     /s/ Frank P. Willey
        --------------------------------
        Frank P. Willey

Ce Mar Las Vegas, Inc.

By:     /s/ James Cavaricci
        --------------------------------
        James Cavaricci
        President

        /s/ Robert L. Berry
        --------------------------------
        Robert L. Berry as Trustee of
        the Berry Living Trust u/d/t
        November 5, 1987

        /s/ Nancy L. Berry
        --------------------------------
        Nancy L. Berry, as Trustee of
        the Berry Living Trust u/d/t
        November 5, 1987
        
        /s/ Max Hickman
        --------------------------------
        Max Hickman
        
        /s/ Vince Salvatore
        --------------------------------
        Vince Salvatore, as Trustee of 
        the Salvatore Family Trust u/d/t
        November 8, 1991

        /s/ Anna M. Salvatore
        --------------------------------
        Anna M. Salvatore, as Trustee of
        the Salvatore Family Trust u/d/t
        November 8, 1991

        /s/ Laurence Calinda
        --------------------------------
        Laurence Calinda

        /s/ Wayne Diaz
        --------------------------------
        Wayne Diaz



                              Page 6 of 7 Pages

<PAGE>   7
        /s/ Carl A. Strunk
        --------------------------------
        Carl A. Strunk

        /s/ Ron Maggard
        --------------------------------
        Ron Maggard

        /s/ Daniel M. Culnane
        --------------------------------
        Daniel M. Culnane


                              Page 7 of 7 Pages


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