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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 8)
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QUALITY DINING, INC.
(Name of Issuer)
Common Stock, no par value 747456P 10 5
(Title of class of securities) (CUSIP number)
David W. Schostak
NBO, LLC
25800 Northwestern Highway
Suite 750
Southfield, Michigan 48075
(248) 262-1000
(Name, address and telephone number of person authorized
to receive notices and communications)
April 24, 2000
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(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 ss. 240.13d-7 for other
parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 10 pages)
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72816.0003
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<TABLE>
<CAPTION>
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<S> <C> <C> <C> <C> <C>
CUSIP No. 747456P 10 5 13D Page 2 of 10 Pages
- ----------------------------------------------------------- --------------------------------------------------------
- ---------------------- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON NBO, LLC
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
- ---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Michigan
- ---------------------- -------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 1,200,000
SHARES ------------------- -------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY ------------------- -------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 1,200,000
REPORTING ------------------- -------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
1,200,000
- ---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 9.8%
- ---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
- ---------------------- -------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
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<S> <C> <C> <C> <C> <C>
CUSIP No. 747456P 10 5 13D Page 3 of 10 Pages
- ----------------------------------------------------------- --------------------------------------------------------
- ---------------------- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Jerome L. Schostak
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: PF, OO
- ---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 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: 1,200,000
OWNED BY ------------------- -------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING ------------------- -------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,200,000
- ---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
1,200,000
- ---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 9.8%
- ---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ---------------------- -------------------------------------------------------------------------------------------------------
</TABLE>
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<TABLE>
<CAPTION>
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<S> <C> <C> <C> <C> <C>
CUSIP No. 747456P 10 5 13D Page 4 of 10 Pages
- ----------------------------------------------------------- --------------------------------------------------------
- ---------------------- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON David W. Schostak
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: PF, OO
- ---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 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: 1,200,000
OWNED BY ------------------- -------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING ------------------- -------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,200,000
- ---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
1,200,000
- ---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 9.8%
- ---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ---------------------- -------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
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<S> <C> <C> <C> <C> <C>
CUSIP No. 747456P 10 5 13D Page 5 of 10 Pages
- ----------------------------------------------------------- --------------------------------------------------------
- ---------------------- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Robert I. Schostak
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: PF, OO
- ---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 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: 1,200,000
OWNED BY ------------------- -------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING ------------------- -------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,200,000
- ---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
1,200,000
- ---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 9.8%
- ---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ---------------------- -------------------------------------------------------------------------------------------------------
</TABLE>
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<TABLE>
<CAPTION>
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<S> <C> <C> <C> <C> <C>
CUSIP No. 747456P 10 5 13D Page 6 of 10 Pages
- ----------------------------------------------------------- --------------------------------------------------------
- ---------------------- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Mark S. Schostak
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
- ---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: PF, OO
- ---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 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: 1,200,000
OWNED BY ------------------- -------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING ------------------- -------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,200,000
- ---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
1,200,000
- ---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[ ]
- ---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 9.8%
- ---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ---------------------- -------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
This Amendment No. 8 ("Amendment No. 8") amends the Statement on
Schedule 13D filed on March 26, 1999, as amended by Amendment No. 1 filed on
October 5, 1999, Amendment No. 2 filed on January 13, 2000, Amendment No. 3
filed on February 22, 2000, Amendment No. 4 filed on February 24, 2000,
Amendment No. 5 filed on February 28, 2000, Amendment No. 6 filed on April 7,
2000 and Amendment No. 7 filed on April 19, 2000 (the "Schedule 13D") by and on
behalf of the following persons: NBO, LLC ("NBO"), Jerome L. Schostak, David W.
Schostak, Robert I. Schostak and Mark S. Schostak (collectively, the "Schostaks"
and together with NBO, the "Reporting Persons").
Except as otherwise indicated, capitalized terms used herein and not
defined herein have the meanings ascribed thereto in the Schedule 13D. As used
herein, the "Company" or the "Issuer" shall mean Quality Dining, Inc.
ITEM 4. PURPOSE OF TRANSACTION.
On April 19, 2000, NBO filed in the United States District Court for
the Northern District of Indiana, South Bend Division, a Verified Complaint For
Injunctive And Declaratory Relief against the Company, Daniel B. Fitzpatrick
(the Company's Chairman, President and Chief Executive Officer), certain other
directors of the Company and certain unnamed defendants. The complaint alleges,
among other things, that the director defendants' decision to authorize
defendant Daniel B. Fitzpatrick and/or his associates and affiliates and/or
other members of management to acquire 1,000,000 additional shares of the
Company's Common Stock without triggering the Company's "poison pill"
shareholder rights plan would give management effective control of the Company
without the payment of a control premium, was not made in good faith after a
reasonable investigation of the consequences and was in breach of the director
defendants' fiduciary duties. The complaint also alleges violations of the
federal securities laws. The complaint seeks injunctive and declaratory relief.
On April 24, 2000, the Company and Daniel B. Fitzpatrick entered into
an agreement with NBO pursuant to which (a) Daniel B. Fitzpatrick
("Fitzpatrick") agreed that he will not, and will cause his affiliates and
associates not to, purchase or otherwise acquire any shares of the Company's
Common Stock until June 15, 2000, (b) the Company agreed that it will not, and
will cause each of its executive officers and directors not to, purchase or
otherwise acquire any shares of the Company's Common Stock until June 15, 2000
and (c) NBO agreed not to seek a temporary restraining order or preliminary
injunction in the above noted lawsuit against such purchases that would take
effect prior to June 15, 2000. Notwithstanding the foregoing, the agreement does
not restrain NBO from requesting, and NBO intends to request, that the court in
the above noted lawsuit schedule a preliminary injunction hearing prior to June
15, 2000 and order expedited discovery. A copy of such agreement is attached as
an Exhibit hereto and is incorporated herein by reference.
Except as indicated above, the information set forth in Item 4 of the
Schedule 13D remains unchanged.
7
<PAGE>
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
The following Exhibits are filed herewith:
11. Letter agreement dated April 24, 2000 by and among NBO,
the Company and Daniel B. Fitzpatrick.
8
<PAGE>
SIGNATURES
The undersigned, after reasonable inquiry and to the best of their knowledge and
belief, certify that the information set forth in this Statement is true,
complete and correct.
Dated: April 25, 2000
NBO, LLC
By: /s/ David W. Schostak
------------------------------
David W. Schostak, Member
/s/ Jerome L. Schostak
------------------------------
Jerome L. Schostak
/s/ David W. Schostak
------------------------------
David W. Schostak
/s/ Robert I. Schostak
------------------------------
Robert I. Schostak
/s/ Mark S. Schostak
------------------------------
Mark S. Schostak
9
<PAGE>
EXHIBIT INDEX
Exhibit No. DESCRIPTION
- ----------- -----------
11. Letter agreement dated April 24, 2000 by and among NBO, the Company
and Daniel B. Fitzpatrick.
10
EXHIBIT 11
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NBO, LLC
25800 NORTHWESTERN HIGHWAY
SUITE 750
SOUTHFIELD, MICHIGAN 48075
TEL. (248) 262-1000 FAX (248) 357-6116
April 24, 2000
BY FACSIMILE AND FEDERAL EXPRESS
- --------------------------------
Quality Dining, Inc.
4220 Edison Lakes Parkway
Mishawaka, Indiana 46545
Daniel B. Fitzpatrick
c/o Quality Dining, Inc.
4220 Edison Lakes Parkway
Mishawaka, Indiana 46545
Gentlemen:
This letter confirms our agreement and understanding as follows:
1. Daniel B. Fitzpatrick ("Fitzpatrick") agrees that he shall not,
and shall cause his "affiliates" and "associates" (as defined under the
Securities Exchange Act of 1934, as amended) not to, purchase or otherwise
acquire any shares of common stock of Quality Dining, Inc. (the "Company") until
June 15, 2000.
2. The Company agrees that it shall not, and shall cause each of its
executive officers and directors not to, purchase or otherwise acquire any
shares of common stock of the Company until June 15, 2000.
3. NBO, LLC agrees that it will not seek a temporary restraining
order or preliminary injunction in the action filed in the United States
District Court for the Northern District of Indiana on April 19, 2000, entitled
NBO, LLC v. Quality Dining, Inc., et al., to restrain or prohibit the persons
referred to in paragraph 1 or 2 above from purchasing shares of the Company's
common stock that would take effect prior to June 15, 2000. Notwithstanding the
foregoing, NBO, LLC intends to request, and this agreement shall not be
construed to restrain or limit NBO from requesting, the Court in such action to
schedule a preliminary injunction hearing prior to June 15 and to order
expedited discovery. If the Court is unwilling or unable to schedule a
preliminary injunction hearing on or before June 12, 2000, and the Company and
Fitzpatrick are unwilling to extend the prohibition on purchases of shares of
the Company's common stock referred to in paragraphs 1 and 2 above to the
<PAGE>
hearing date, NBO, LLC intends to request, and this agreement shall not be
construed to restrain or limit NBO from requesting, a temporary restraining
order. Fitzpatrick, the Company and any other affected parties reserve their
rights to object to such requests.
If the foregoing correctly sets forth our agreement and
understanding, please confirm such agreement and understanding by signing a
duplicate of this letter and returning it to us.
Very truly yours,
NBO, LLC
By: /s/ David W. Schostak
----------------------
David W. Schostak
Member
AGREED:
QUALITY DINING, INC.
By:/s/ Daniel B. Fitzpatrick
---------------------------
Name: Daniel B. Fitzpatrick
---------------------
Title: President and CEO
-----------------
/s/ Daniel B. Fitzpatrick
---------------------------
Daniel B. Fitzpatrick
