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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 10)
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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)
May 22, 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 8 pages)
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NY2:/915939/v1/72816.0003
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CUSIP No. 747456P 10 5 13D Page 2 of 8 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
- ---------------------- -------------------------------------------------------------------------------------------------------
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CUSIP No. 747456P 10 5 13D Page 3 of 8 Pages
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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
- ---------------------- -------------------------------------------------------------------------------------------------------
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CUSIP No. 747456P 10 5 13D Page 4 of 8 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
- ---------------------- -------------------------------------------------------------------------------------------------------
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CUSIP No. 747456P 10 5 13D Page 5 of 8 Pages
- ----------------------------------------------------------- --------------------------------------------------------
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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
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CUSIP No. 747456P 10 5 13D Page 6 of 8 Pages
- ----------------------------------------------------------- --------------------------------------------------------
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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
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This Amendment No. 10 ("Amendment No. 10") 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, Amendment No. 7 filed on April 19, 2000, Amendment No. 8 filed on April
25, 2000 and the Amendment filed on Schedule TO on May 9, 2000 ("Amendment No.
9") (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.
By letter dated May 22, 2000 (the "May 22 Letter"), David
W. Schostak, on behalf of NBO, wrote the Quality Dining Board urging that it
take the steps necessary to allow shareholders to decide for themselves whether
to accept or reject the offer of QDI Acquisition LLC, a wholly owned subsidiary
of NBO, to acquire all Quality Dining shares at $5.00 per share (the "Tender
Offer"). He urged the Quality Dining Board, if Shares are tendered that,
together with the Shares owned by NBO, represent a majority of all outstanding
Shares on a fully diluted basis, to cooperate with NBO and take such steps as
are necessary to satisfy the conditions of the Tender Offer. Also on May 22,
2000, NBO issued a press release (the "May 22 Press Release") disclosing the May
22 Letter.
The May 22 Letter and the May 22 Press Release are attached
hereto and incorporated herein by reference.
Except as indicated above, the information set forth in
Item 4 of the Schedule 13D remains unchanged.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
The following Exhibits are filed herewith:
12. Press Release of NBO dated May 22, 2000 (without
attached letter).
13. Letter, dated May 22, 2000, from NBO to the Quality
Dining Board.
7
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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: May 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
8
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EXHIBIT INDEX
Exhibit No. DESCRIPTION
----------- -----------
12. Press Release of NBO dated May 22, 2000 (without
attached letter).
13. Letter, dated May 22, 2000, from NBO to the
Quality Dining Board.
EXHIBIT 12
FOR IMMEDIATE RELEASE
- ---------------------
Contact
Lawrence E. Dennedy
MacKenzie Partners, Inc.
212-929-5500
QDI, LLC URGES QUALITY DINING NOT TO FRUSTRATE
SHAREHOLDERS' DECISION ON TENDER
- --------------------------------------------------------------------------------
Southfield, MI, May 22, 2000 - NBO, LLC, today announced that it sent a letter
to the Board of Directors of Quality Dining, Inc. (Nasdaq: QDIN) urging that it
take the steps necessary to allow shareholders to truly decide for themselves
whether to accept or reject the offer of QDI Acquisition LLC, a wholly-owned
subsidiary of NBO, to acquire all Quality Dining shares at $5.00 per share.
Quality Dining is expected to announce its recommendation, if any, on the tender
today. The letter requested the board to agree that, regardless of its
recommendation, if shareholders tender a number of shares which, together with
the shares owned by NBO, represent a majority of all outstanding shares on a
fully diluted basis, Quality Dining will fully cooperate with NBO and take such
steps as are necessary to satisfy all conditions to the offer that are within
the company's control. The letter states, "In this way, Quality Dining
shareholders, with both our offer and your recommendation in hand, can decide
whether to tender their shares with the assurance that the company will not
frustrate the decision of the holders of a majority of its shares."
A copy of the letter is attached.
QDI Acquisition's tender offer is scheduled to expire at midnight, New York City
time, on June 5, 2000, unless the offer is extended.
The tender offer is conditioned upon, among other things: (a) there being
validly tendered and not withdrawn before the expiration of the Offer shares of
common stock of Quality Dining that, when added to the shares owned by QDI
Acquisition and NBO, would represent at least a majority of the outstanding
shares of Quality Dining on a fully diluted basis on the date of the purchase;
(b) that Quality Dining's Board of Directors redeem the Rights or make them
inapplicable to QDI Acquisition's offer; (c) that the Quality Dining Board
approve the acquisition of shares by QDI Acquisition in the offer, or that QDI
Acquisition is otherwise satisfied that the proposed merger can occur under
Chapter 43 of the Indiana Business Corporation Law, as soon as practicable
following consummation of the offer; (d) that the Quality Dining Board approve
an amendment to Quality Dining's By-laws or otherwise ensure that QDI
Acquisition will be able to vote its shares acquired in the offer without
restriction or limitation under Chapter 42 of the Indiana BCL; (e) that QDI
Acquisition, in its sole discretion, is satisfied that the proposed merger can
be consummated without a supermajority vote of Quality Dining's shareholders
pursuant to Article VIII of Quality Dining's Restated Articles of Incorporation;
(f) that the Quality Dining Board agree to cause a majority of the Board of
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Directors to be comprised of representatives of QDI Acquisition and/or NBO
immediately following consummation of the offer; and (g) that QDI Acquisition,
in its sole discretion, is satisfied that Quality Dining will not be in default
under any of its outstanding indebtedness upon consummation of the Offer and the
proposed merger.
Mackenzie Partners, Inc. is the Information Agent for the offer.
# # #
EXHIBIT 13
NBO, LLC
25800 NORTHWESTERN HIGHWAY
SUITE 750
SOUTHFIELD, MICHIGAN 48075
TEL. (248) 262-1000 FAX (248) 357-6116
May 22, 2000
BY FACSIMILE AND FEDERAL EXPRESS
- --------------------------------
Board of Directors
Quality Dining, Inc.
4220 Edison Lakes Parkway
Mishawaka, Indiana 46545
Dear Directors:
It is my understanding that, as required by law, Quality
Dining will today be announcing whether the Board recommends acceptance or
rejection of (or takes no position on) NBO's offer to purchase all Quality
Dining shares at $5.00 per share. We believe shareholders should have the
benefit of your recommendation in considering this matter. Regardless of your
recommendation, however, we urge you to take the steps necessary to allow
shareholders to truly decide for themselves whether to accept or reject our
offer.
More specifically, we are requesting you to agree that, if
shareholders tender a number of shares which, together with our shares,
represent a majority of all outstanding shares on a fully diluted basis, Quality
Dining will fully cooperate with NBO and take such steps as are necessary to
satisfy all conditions to our offer that are within the company's control. In
this way, Quality Dining shareholders, with both our offer and your
recommendation in hand, can decide whether to tender their shares with the
assurance that the company will not frustrate the decision of the holders of a
majority of its shares.
Very truly yours,
/s/ David W. Schostak
David W. Schostak
cc: Philip J. Faccenda
Daniel B. Fitzpatrick
James K. Fitzpatrick
Ezra H. Friedlander
Steven M. Lewis
Christopher J. Murphy III
Bruce M. Jacobson
