<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13D-1(b) AND (c) AND
AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
K&G Men's Center, Inc.
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(Name of Issuer)
Common Stock, $.01 par value per share
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(Title of Class of Securities)
482245107
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(CUSIP Number)
(Continued on following pages.)
(Page 1 of 9 Pages)
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CUSIP No. 482245107 13G Page 2 of 8 Pages
(Amendment No. 1)
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1 Name of Reporting Person: SOUTH ATLANTIC VENTURE FUND III,
LIMITED PARTNERSHIP
I.R.S. Identification No. of Above Person (Entities Only):
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a) [_]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
UNITED STATES OF AMERICA
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Number of 5 Sole Voting Power: -0- shares
Shares
---------------------------------------------------------
Beneficially 6 Shared Voting Power: 949,737 shares
Owned By
---------------------------------------------------------
Each 7 Sole Dispositive Power: -0- shares
Reporting
---------------------------------------------------------
Person With 8 Shared Dispositive Power: 949,737 shares
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person:
949,737 shares
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [_]
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9): 9.4%
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12 Type of Reporting Person: PN
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(Page 2 of 9 Pages)
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CUSIP No. 482245107 13G Page 3 of 8 Pages
(Amendment No. 1)
- --------------------------------------------------------------------------------
1 Name of Reporting Person: SOUTH ATLANTIC VENTURE PARTNERS III,
LIMITED PARTNERSHIP
I.R.S. Identification No. of Above Person (Entities Only):
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a) [_]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
UNITED STATES OF AMERICA
- --------------------------------------------------------------------------------
Number of 5 Sole Voting Power: -0- shares
Shares
-------------------------------------------------------
Beneficially 6 Shared Voting Power: 949,737 shares
Owned By
-------------------------------------------------------
Each 7 Sole Dispositive Power: -0- shares
Reporting
-------------------------------------------------------
Person With 8 Shared Dispositive Power: 949,737 shares
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person:
949,737 shares
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [_]
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9): 9.4%
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12 Type of Reporting Person: PN
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(Page 3 of 9 Pages)
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CUSIP No. 482245107 13G Page 4 of 8 Pages
(Amendment No. 1)
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1 Name of Reporting Person: DONALD W. BURTON
I.R.S. Identification No. of Above Person (Entities Only):
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a) [_]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
UNITED STATES OF AMERICA
- --------------------------------------------------------------------------------
Number of 5 Sole Voting Power: 47,625 shares
Shares
-------------------------------------------------------
Beneficially 6 Shared Voting Power: 949,737 shares
Owned By
-------------------------------------------------------
Each 7 Sole Dispositive Power: 47,625 shares
Reporting
-------------------------------------------------------
Person With 8 Shared Dispositive Power: 949,737 shares
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person:
997,362 shares
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [_]
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9): 9.9%
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12 Type of Reporting Person: IN
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(Page 4 of 9 Pages)
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CUSIP No. 482245107 13G Page 5 of 8 Pages
(Amendment No. 1)
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1 Name of Reporting Person: SANDRA P. BARBER
I.R.S. Identification No. of Above Person (Entities Only):
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a) [_]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
UNITED STATES OF AMERICA
- --------------------------------------------------------------------------------
Number of 5 Sole Voting Power: -0- shares
Shares
-------------------------------------------------------
Beneficially 6 Shared Voting Power: 949,737 shares
Owned By
-------------------------------------------------------
Each 7 Sole Dispositive Power: -0- shares
Reporting
-------------------------------------------------------
Person With 8 Shared Dispositive Power: 949,737 shares
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person:
949,737 shares
- --------------------------------------------------------------------------------
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [_]
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9): 9.4% shares
- --------------------------------------------------------------------------------
12 Type of Reporting Person: IN
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(Page 5 of 9 Pages)
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ITEM 1(A). NAME OF ISSUER:
K&G Men's Center, Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
1750 - A Ellsworth Industrial Boulevard
Atlanta, Georgia 30318
ITEM 2(A). NAME OF PERSON FILING: This statement is being filed by South
Atlantic Venture Fund III, Limited Partnership ("SAVF III"), South
Atlantic Venture Partners II, Limited Partnership ("SAVP III") and
Donald W. Burton and Sandra P. Barber. Mr. Burton and Ms. Barber are
general partners of SAVP III, the sole general partner of SAVF III.
SAVF III, SAVP III, Mr. Burton and Ms. Barber are sometimes referred
to collectively herein as the "Reporting Persons."
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
The address of the principal business office of the Reporting
Persons is:
614 W. Bay Street, Suite 200
Tampa, Florida 33606-2704
ITEM 2(C). CITIZENSHIP: SAVF III and SAVP III are limited
partnerships organized under the laws of the State of Delaware.
Mr. Burton and Ms. Barber are citizens of the United States of
America
ITEM 2(D). TITLE OF CLASS OF SECURITIES: Common Stock, $.01 par value per
share
ITEM 2(E). CUSIP NUMBER: 482245107
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR
13D-2(B), 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,
(e) [_] Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940,
(f) [_] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund; see 13d-1(b)(1)(ii)(F),
(g) [_] Parent Holding Company, in accordance with
Rule 13d-1(b)(ii)(G); see Item 7,
(h) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
(Page 6 of 9 Pages)
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ITEM 4. OWNERSHIP.
(a) Amount beneficially owned: As of December 31, 1997, each of the
Reporting Persons may be deemed to have owned beneficially 949,737
shares of Common Stock, except for Mr. Burton, who may be deemed to
have owned beneficially 997,362 shares.
As of December 31, 1997, SAVF III was the record owner of 949,737
shares. As the sole general partner of SAVF III, SAVP III may be
deemed to have owned beneficially all of the shares of Common Stock
that SAVF III may be deemed to have owned beneficially. As general
partners of SAVP III, Mr. Burton and Ms. Barber may each be deemed to
have owned beneficially all of the shares of Common Stock that SAVF
III may be deemed to have owned beneficially. Therefore, each
Reporting Person may be deemed to have owned beneficially a total of
949,737 shares. In addition, the Burton Partnership, Limited
Partnership, of which Mr. Burton is the general partner, held a total
of 47,625 shares. As general partner of the Burton Partnership, Mr.
Burton may be deemed to also beneficially own such shares.
(b) Percent of class: 9.4% for all Reporting Persons, except Mr.
Burton, who, because of the Burton Partnership's ownership of the
issuer's shares, may be deemed to hold 9.9%.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 0 shares for all
Reporting Persons, except Mr. Burton, who, because of the Burton
Partnership's ownership of the issuer's shares, may be deemed to
have sole power to vote or to direct the vote in connection with
47,625 shares.
(ii) Shared power to vote or to direct the vote: 949,737 shares
for all Reporting Persons.
(iii) Sole power to dispose or to direct the disposition of:
0 shares for all Reporting Persons, except Mr. Burton, who,
because of the Burton Partnership's ownership of the issuer's
shares, may be deemed to have sole power to dispose or to direct
the disposition of 47,625 shares.
(iv) Shared power to dispose or to direct the disposition of:
949,737 shares for all Reporting Persons.
Each Reporting Person expressly disclaims beneficial ownership of
any shares of Common Stock of the issuer, except in the case of
SAVF III, for the 949,737 shares it owns of record.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not Applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not Applicable.
(Page 7 of 9 Pages)
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ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not Applicable. The Reporting Persons have filed this Information
Statement pursuant to Rule 13d-1(c). Further, SAVF III, SAVP III, and
Mr. Burton and Ms. Barber expressly disclaim membership in a "group"
as defined in Rule 13d-5(b)(1).
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not Applicable.
ITEM 10. CERTIFICATION.
Not Applicable.
[SIGNATURES APPEARS ON FOLLOWING PAGE.]
(Page 8 of 9 Pages)
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SIGNATURE
After reasonable inquiry and to the best of its or his/her knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
February __, 1998
-----------------------------------------
(Date)
SOUTH ATLANTIC VENTURE FUND III, LIMITED
PARTNERSHIP
By: South Atlantic Venture Partners III,
Limited Partnership,
its General Partner
By: /s/ DONALD W. BURTON
-------------------------------------
DONALD W. BURTON
GENERAL PARTNER
SOUTH ATLANTIC VENTURE PARTNERS III,
LIMITED PARTNERSHIP
By: /s/ DONALD W. BURTON
------------------------------------
DONALD W. BURTON
GENERAL PARTNER
By: /s/ SANDRA P. BARBER
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SANDRA P. BARBER
GENERAL PARTNER
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DONALD W. BURTON
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SANDRA P. BARBER
(Page 9 of 9 Pages)
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EXHIBIT I
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AGREEMENT
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Pursuant to Rule 13d-1(f) under the Securities Exchange Act of 1934, the
undersigned hereby agree that only one statement containing the information
required by Schedule 13G need be filed with respect to the ownership by each of
the undersigned of shares of stock of K&G Men's Center, Inc.
This Agreement may be executed in any number of counterparts, each of which
shall be deemed an original.
EXECUTED this ____ day of February, 1998.
SOUTH ATLANTIC VENTURE FUND III, LIMITED
PARTNERSHIP
By: South Atlantic Venture Partners III,
Limited Partnership,
its General Partner
By: /s/ DONALD W. BURTON
-------------------------------------
DONALD W. BURTON
GENERAL PARTNER
SOUTH ATLANTIC VENTURE PARTNERS III,
LIMITED PARTNERSHIP
By: /s/ DONALD W. BURTON
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DONALD W. BURTON
GENERAL PARTNER
By: /s/ SANDRA P. BARBER
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SANDRA P. BARBER
GENERAL PARTNER
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DONALD W. BURTON
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SANDRA P. BARBER
1
