SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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AMENDMENT NO. 1 TO
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Specialty Catalog Corp.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
84748Q-10-3
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(CUSIP Number)
Page 1 of 14 Pages
<PAGE>
SCHEDULE 13G
CUSIP No. 84748Q-10-3 Page 2 of 14 Pages
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1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DICKSTEIN & CO., L.P. 13-3321472
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X| See Exhibit 2
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3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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5) SOLE VOTING POWER
Not Applicable
NUMBER -------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES 510,000
BENEFICIALL -------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH Not Applicable
REPORTING -------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH 510,000
- --------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
510,000 shares of Common Stock, $.01 par value
- --------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.4%
- --------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
PN
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<PAGE>
SCHEDULE 13G
CUSIP No. 84748Q-10-3 Page 3 of 14 Pages
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1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DICKSTEIN INTERNATIONAL LIMITED 98-0153909
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X| See Exhibit 2
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3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) CITIZENSHIP OR PLACE OF ORGANIZATION
BRITISH VIRGIN ISLANDS
- --------------------------------------------------------------------------------
5) SOLE VOTING POWER
Not Applicable
NUMBER -------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES 137,689
BENEFICIALLY ------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH Not Applicable
REPORTING -------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH 137,689
- --------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
137,689 shares of Common Stock, $.01 par value
- --------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
[ ]
- --------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.1%
- --------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON*
CO
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<PAGE>
SCHEDULE 13G
CUSIP No. 84748Q-10-3 Page 4 of 14 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DICKSTEIN FOCUS FUND L.P. 13-3746015
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X| See Exhibit 2
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
5) SOLE VOTING POWER
Not Applicable
NUMBER -------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES 0
BENEFICIALLY ------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH Not Applicable
REPORTING ------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH 0
- --------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 shares of Common Stock, $.01 par value
- --------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
- --------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
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12) TYPE OF REPORTING PERSON
PN
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-4-
<PAGE>
SCHEDULE 13G
CUSIP No. 84748Q-10-3 Page 5 of 14 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DICKSTEIN PARTNERS, L.P. 13-3544838
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X| See Exhibit 2
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
5) SOLE VOTING POWER
Not Applicable
NUMBER ------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES 510,000
BENEFICIALLY ------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH Not Applicable
REPORTING ------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH 510,000
- --------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
510,000 shares of Common Stock, $.01 par value
- --------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.4%
- --------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
PN
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<PAGE>
SCHEDULE 13G
CUSIP No. 84748Q-10-3 Page 6 of 14 Pages
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1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DICKSTEIN PARTNERS INC. 13-3537972
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X| See Exhibit 2
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
5) SOLE VOTING POWER
Not Applicable
NUMBER -------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES 647,689
BENEFICIALLY -------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH Not Applicable
REPORTING -------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH 647,689
- --------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
647,689 shares of Common Stock, $.01 par value
- --------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.5%
- --------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
CO
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<PAGE>
SCHEDULE 13G
CUSIP No. 84748Q-10-3 Page 7 of 14 Pages
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1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MARK DICKSTEIN ###-##-####
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X| See Exhibit 2
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
5) SOLE VOTING POWER
Not Applicable
NUMBER -------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES 647,689
BENEFICIALLY -------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH Not Applicable
REPORTING -------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH 647,689
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
647,689 shares of Common Stock, $.01 par value
- --------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.5%
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12) TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
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<PAGE>
ITEM 1(A). NAME OF ISSUER:
Specialty Catalog Corp.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
21 Bristol Drive, South Easton, Massachusetts 02375
ITEM 2(A). NAME OF PERSON FILING: (See Exhibit 2)
Dickstein & Co., L.P. ("Dickstein & Co.")
Dickstein International Limited ("Dickstein International")
Dickstein Focus Fund L.P. ("Dickstein Focus")
Dickstein Partners, L.P. ("DPLP")
Dickstein Partners Inc. ("DPI")
Mark Dickstein ("Dickstein")
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
Dickstein & Co., Dickstein Focus, DPLP, DPI and Dickstein:
660 Madison Avenue, 16th Fl., New York, NY 10021
Dickstein International: 129 Front Street, Hamilton HM 12, Bermuda
ITEM 2(C). CITIZENSHIP:
Dickstein & Co., Dickstein Focus, DPLP and DPI: Delaware
Dickstein International: British Virgin Islands
Dickstein: USA
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock, $.01 par value
ITEM 2(E). CUSIP NUMBER:
84748Q-10-3
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A:
Not applicable
ITEM 4. OWNERSHIP. (See Exhibit 2)
Dickstein & Co.:
(a) Amount beneficially owned: 510,000 shares
-8-
<PAGE>
(b) percent of class: 11.4%*
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: Not applicable
(ii) Shared power to vote or to direct the vote: 510,000 shares
(iii) Sole power to dispose or to direct the disposition of: Not applicable
(iv) Shared power to dispose or to direct the disposition of: 510,000 shares
Dickstein International:
(a) Amount beneficially owned: 137,689 shares
(b) percent of class: 3.1%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: Not applicable
(ii) Shared power to vote or to direct the vote: 137,689 shares
(iii) Sole power to dispose or to direct the disposition of: Not applicable
(iv) Shared power to dispose or to direct the disposition of: 137,689 shares
Dickstein Focus:
(a) Amount beneficially owned: 0 shares
(b) percent of class: 0.0%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: Not applicable
(ii) Shared power to vote or to direct the vote: 0 shares
(iii) Sole power to dispose or to direct the disposition of: Not applicable
- --------
* Based upon 4,481,986 shares of Common Stock outstanding as of December 31,
1998, as the Repoting Persons have been informed by the Issuer.
-9-
<PAGE>
(iv) Shared power to dispose or to direct the disposition of: 0 shares
DPLP:
(a) Amount beneficially owned: 510,000 shares
(b) percent of class: 11.4%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: Not applicable
(ii) Shared power to vote or to direct the vote: 510,000 shares
(iii) Sole power to dispose or to direct the disposition of: Not applicable
(iv) Shared power to dispose or to direct the disposition of: 510,000 shares
DPI:
(a) Amount beneficially owned: 647,689 shares
(b) percent of class: 14.5%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: Not applicable
(ii) Shared power to vote or to direct the vote: 647,689 shares
(iii) Sole power to dispose or to direct the disposition of: Not applicable
(iv) Shared power to dispose or to direct the disposition of: 647,689
shares
Dickstein:
(a) Amount beneficially owned: 647,689 shares
(b) percent of class: 14.5%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: Not applicable
(ii) Shared power to vote or to direct the vote: 647,689 shares
-10-
<PAGE>
(iii) Sole power to dispose or to direct the disposition of: Not applicable
(iv) Shared power to dispose or to direct the disposition of: 647,689
shares
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
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
See Exhibit 2.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable
ITEM 10. CERTIFICATION.
Not applicable
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<PAGE>
SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certify that the information set forth in this
Statement is true, complete and correct.
Date: February 16, 1999
DICKSTEIN & CO., L.P.
By: Alan S. Cooper, as Vice President of Dickstein
Partners Inc., the general partner of Dickstein Partners,
L.P., the general partner of Dickstein & Co., L.P.
/s/ Alan S. Cooper
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Name: Alan S. Cooper
DICKSTEIN INTERNATIONAL LIMITED
By: Alan S. Cooper, as Vice President of Dickstein
Partners Inc., the agent of Dickstein International
Limited
/s/ Alan S. Cooper
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Name: Alan S. Cooper
DICKSTEIN FOCUS FUND L.P.
By: Alan S. Cooper, as Vice President of Dickstein
Partners Inc., the general partner of Dickstein Partners,
L.P., the general partner of Dickstein Focus Fund L.P.
/s/ Alan S. Cooper
-------------------------------------------
Name: Alan S. Cooper
DICKSTEIN PARTNERS, L.P.
By: Alan S. Cooper, as Vice President of Dickstein
Partners Inc., the general partner of Dickstein Partners,
L.P.
/s/ Alan S. Cooper
-------------------------------------------
Name: Alan S. Cooper
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<PAGE>
DICKSTEIN PARTNERS INC.
By: Alan S. Cooper, as Vice President
/s/ Alan S. Cooper
-------------------------------------------
Name: Alan S. Cooper
MARK DICKSTEIN
By: Mark Dickstein
/s/ Mark Dickstein
-------------------------------------------
Name: Mark Dickstein
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<PAGE>
EXHIBIT 2
Dickstein is the President and sole shareholder and director of DPI.
DPI is the general partner of DPLP and advisor to Dickstein International. DPLP
is the general partner of Dickstein & Co. and Dickstein Focus. Consequently, the
Reporting Persons may be deemed to be members of a group. By reason of its
position as general partner of Dickstein & Co. and Dickstein Focus, DPLP may be
deemed to possess the power to vote and dispose of the shares of Common Stock
beneficially owned by Dickstein & Co. and Dickstein Focus. By reason of its
position as general partner of DPLP and advisor to Dickstein International, DPI
may be deemed to possess the power to vote and dispose of the shares of Common
Stock beneficially owned by Dickstein & Co., Dickstein Focus and Dickstein
International. By reason of his position as president and sole director of DPI,
Dickstein may be deemed to possess the power to vote and dispose of the shares
of Common Stock beneficially owned by Dickstein & Co., Dickstein Focus and
Dickstein International. Pursuant to Rule 13d-4 promulgated under the Securities
Exchange Act of 1934, as amended, (i) Dickstein & Co. disclaims beneficial
ownership of all shares of Common Stock beneficially owned by Dickstein
International and Dickstein Focus, (ii) Dickstein Focus disclaims beneficial
ownership of all shares of Common Stock beneficially owned by Dickstein & Co.
and Dickstein International, (iii) Dickstein International disclaims beneficial
ownership of all shares of Common Stock beneficially owned by Dickstein & Co.
and Dickstein Focus, and (iv) each of DPLP, DPI and Dickstein disclaims
beneficial ownership of the shares of Common Stock beneficially owned by
Dickstein & Co., Dickstein Focus and Dickstein International, except to the
extent of their actual economic interests.
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