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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G/A
(RULE 13D-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13D-1(B), (C) AND (D) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13D-2(B)
(Amendment No. 1)
UNIVERSAL AUTOMOTIVE INDUSTRIES, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
(Title of Class of Securities)
913378 10 5
(CUSIP Number)
AUGUST 11, 1999
(Date of Event Which Requires Filing of this Statement)
The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP NO. 913378 10 5
SCHEDULE 13G
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FINOVA Mezzanine Capital Inc.
62-1583116
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(A) N/A
(B) N/A
(C)
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Tennessee
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. SOLE VOTING POWER
Total of 1,125,000 shares of Common Stock (on an as converted basis),
consisting of 1,125,000 shares of Common Stock issuable pursuant to an
immediately exercisable warrants.
6. SHARED VOTING POWER
N/A
7. SOLE DISPOSITIVE POWER
Total of 1,1250,000 shares of Common Stock (on an as converted basis),
consisting of 1,1250,000 shares of Common Stock issuable pursuant to
immediately exercisable warrants.
8. SHARED DISPOSITIVE POWER
N/A
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Total of 1,125,000 shares of Common Stock (on an as converted basis),
consisting of 1,125,000 shares of Common Stock issuable pursuant to an
immediately exercisable warrants.
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
N/A
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
16.5% of Common Stock
12. TYPE OF REPORTING PERSON
IV
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SCHEDULE 13G
ITEM 1(a). NAME OF ISSUER:
Universal Automotive Industries, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
3350 North Kedzie
Chicago, Illinois 60618-5722
ITEM 2(a). NAME OF PERSON FILING:
FINOVA Mezzanine Capital Inc.
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
500 Church Street
Suite 200
Nashville, TN 37219
ITEM 2(c). CITIZENSHIP:
Tennessee
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.01 per share
ITEM 2(e). CUSIP NUMBER: 913378 10 5
ITEM 3. FILING PURSUANT TO RULE 13D-1(C):
This statement is filed pursuant to Rule 13-d-1(c)
ITEM 4. OWNERSHIP.
If more than five percent of the class is owned, indicate:
(a) AMOUNT BENEFICIALLY OWNED:
Total of 1,125,000 shares of Common Stock (on an as
converted basis), consisting of 1,125,000 shares of
Common Stock issuable pursuant to an immediately
exercisable warrant.
(b) PERCENT OF CLASS:
16.5% of Common Stock
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE:
1,125,000 shares of Common Stock, only upon exercise
of warrant
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(ii) SHARED POWER TO VOTE OR TO DIRECT THE VOTE:
N/A
(iii) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION
OF:
1,125,000 shares of Common Stock, only upon exercise
of warrant
(iv) SHARED POWER TO DISPOSE OR TO DIRECT THE
DISPOSITION OF:
N/A
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
N/A
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
N/A
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
N/A
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
N/A
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
N/A
ITEM 10. CERTIFICATION.
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired
and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the
securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect.
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SCHEDULE 13G
SIGNATURE
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.
FINOVA MEZZANINE CAPITAL INC.
By: /s/ John B. Burtchaell
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John B. Burtchaell,
Vice President
On behalf of FINOVA Mezzanine
Capital Inc.
Date: February 14, 2000
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