<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D
(RULE 13d-101)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. __)*
HF BANCORP, INC.
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(Name of Issuer)
Common Stock, $0.01 par value
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(Title of Class of Securities)
403910102
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(CUSIP number)
Howard B. Adler, Esq.
Gibson, Dunn & Crutcher LLP
1050 Connecticut Avenue, N.W.
Washington, D.C. 20036
(202) 955-8589
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(Name, address and telephone number of person
authorized to receive notices and communications)
March 18, 1999
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(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 which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 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 Rule 13d-7(b) for
other parties to whom copies are to be sent.
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*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 disclosures provided in a prior cover page.
The information required on 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).
(Page 1 of 7 Pages)
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<TABLE>
<S> <C>
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CUSIP NO. 403910102 13D PAGE 2 OF 7 PAGES
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</TABLE>
<TABLE>
<S> <C> <C>
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NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
1 CARLSON CAPITAL, L.P. I.R.S. IDENTIFICATION NO. 75-249-4317
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[ ]
(b)[X]
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3 SEC USE ONLY
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SOURCE OF FUNDS*
4 WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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NUMBER OF 7 SOLE VOTING POWER
SHARES
329,900
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
0
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING
329,900
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PERSON WITH 10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
329,900
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.15%
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14 TYPE OF REPORTING PERSON*
IA, PN
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</TABLE>
(Page 2 of 7 Pages)
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ITEM 1. SECURITY AND ISSUER
This statement on Schedule 13D relates to shares of Common Stock, $0.01
par value (the "Common Stock"), of HF Bancorp, Inc., a Delaware corporation (the
"Issuer"). The principal executive offices of the Issuer are located at 445 East
Florida Avenue, Hemet, California 92543.
ITEM 2. IDENTITY AND BACKGROUND
This statement on Schedule 13D is being filed by Carlson Capital, L.P.
(the "Reporting Person"). The business address of the Reporting Person is 301
Commerce Street, Suite 3300, Fort Worth, Texas 76102.
The Reporting Person acts as investment adviser to several private
investment funds and managed accounts which are the ultimate beneficial owners
of the shares to which this statement relates. No such client of the Reporting
Person owns 5% or more of the outstanding Common Stock.
The general partner of the Reporting Person is Asgard Investment Corp.,
a Delaware corporation, whose business and principal offices are located at 301
Commerce Street, Suite 3300, Fort Worth, Texas 76102. The officers of Asgard
Investment Corp. are as follows: Clint D. Carlson, President, and Nancy Carlson,
Treasurer and Secretary. The sole director of Asgard Investment Corp. is Clint
D. Carlson. The business address of both Clint D. Carlson and Nancy Carlson is
301 Commerce Street, Suite 3300, Fort Worth, Texas 76102. The present occupation
of Clint D. Carlson is President of Asgard Investment Corp. and Chief Executive
Officer of Carlson Capital, L.P. The present occupation of Nancy Carlson is
Secretary and Treasurer of Asgard Investment Corp. and Carlson Capital , L.P.
Both Clint D. Carlson and Nancy Carlson are U.S. citizens.
During the last five years, none of the Reporting Person, Asgard
Investment Corp., Clint D. Carlson or Nancy Carlson has been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors) or
was a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction resulting in a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to, federal
or state securities laws or finding any violation with respect to such laws.
The filing of this statement on Schedule 13D by the Reporting Person
shall not be construed as an admission that the Reporting Person was, for the
purposes of Section 13(d) of the Act, the beneficial owner of any securities
covered by this statement on Schedule 13D, and the Reporting Person disclaims
such beneficial ownership.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
All of the shares of Common Stock of the Issuer deemed beneficially
held by the Reporting Person were purchased with the working capital of the
investment funds and managed accounts directed by the Reporting Person.
(Page 3 of 7 Pages)
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ITEM 4. PURPOSE OF TRANSACTION
All Common Stock held by the Reporting Person is being held for
investment purposes. Subject to economic considerations and market conditions,
the Reporting Person may, from time to time, acquire additional shares of Common
Stock in the open market or in privately negotiated transactions or may dispose
of such securities or the securities it presently owns in the open market or in
private transactions. The Reporting Person may engage in activities intended to
influence the business strategy or management of the Issuer.
Except as indicated above, the Reporting Person has no plans or
proposals which relate to or would result in any of the events, actions or
conditions specified in paragraphs (a) through (j) of Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) This statement on Schedule 13D relates to 329,900 shares of
Common Stock deemed beneficially owned by the Reporting
Person, which constitute approximately 5.15% of the issued and
outstanding shares of Common Stock.
(b) The Reporting Person has sole voting and dispositive power
with respect to 329,900 shares of Common Stock.
(c) Within the past 60 days, accounts managed by the Reporting
Person purchased and sold shares of Common Stock on the dates,
in the amounts and at the prices set forth on Exhibit A
annexed hereto and incorporated by reference herein. All of
such purchases and sales were made on the open market.
(d) The private investment funds and managed accounts to which the
Reporting Person serves as investment adviser and/or general
partner and for whose accounts the Common Stock is held have
the right to receive dividends from or proceeds from the sale
of the Common Stock.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
Except as set forth above in Item 2, there exist no contracts,
arrangements, understandings or relationships (legal or otherwise) among the
persons named in Item 2 and between such persons and any other persons with
respect to any securities of the Issuer, including but not limited to transfer
or voting of any securities, finders' fees, joint ventures, loan or option
arrangements, puts or calls, guarantees of profits, division of profits or loss,
or the giving or withholding of proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit A: Transactions in Shares of Common Stock Within Past
60 Days.
(Page 4 of 7 Pages)
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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.
Dated: March 31, 1999
CARLSON CAPITAL, L.P.
/s/ Clint D. Carlson
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By: Clint D. Carlson,
President of the General Partner
(Page 5 of 7 Pages)
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EXHIBIT A
Transactions in Shares of Common Stock
Within Past 60 Days
Transactions by Account No. 1
<TABLE>
<CAPTION>
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Trade Type Trade Date Quantity Price ($)
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<S> <C> <C> <C>
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BUY 01/26/99 1,280.00 17.0000
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BUY 01/27/99 120.00 17.0000
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BUY 01/28/99 210.00 17.0000
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BUY 02/02/99 80.00 17.2500
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BUY 03/03/99 1,230.00 17.5000
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BUY 03/04/99 650.00 17.5000
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BUY 03/05/99 1,975.00 17.5625
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</TABLE>
Transactions by Account No. 2
<TABLE>
<CAPTION>
----------------------- ----------------------- ----------------------- -----------------------
Trade Type Trade Date Quantity Price ($)
---------- ---------- -------- ---------
<S> <C> <C> <C>
----------------------- ----------------------- ----------------------- -----------------------
BUY 01/22/99 10,000.00 17.0000
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BUY 01/25/99 5,000.00 17.0150
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BUY 01/26/99 1,650.00 17.0000
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BUY 01/27/99 1,230.00 17.0000
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BUY 01/28/99 1,545.00 17.0000
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BUY 01/29/99 250.00 17.0000
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BUY 02/02/99 1,065.00 17.2500
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BUY 02/16/99 7,570.00 17.5625
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BUY 03/03/99 6,435.00 17.5000
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BUY 03/04/99 5,950.00 17.5000
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BUY 03/05/99 18,375.00 17.5625
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BUY 03/08/99 3,825.00 17.5625
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BUY 03/09/99 900.00 17.5625
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BUY 03/10/99 3,840.00 17.6250
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BUY 03/11/99 19,060.00 17.6563
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BUY 03/12/99 9,250.00 17.6250
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BUY 03/15/99 1,600.00 17.6103
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BUY 03/16/99 9,500.00 17.6250
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BUY 03/18/99 12,200.00 17.7500
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</TABLE>
(Page 6 of 7 Pages)
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Transactions by Account No. 3
<TABLE>
<CAPTION>
----------------------- ----------------------- ----------------------- -----------------------
Trade Type Trade Date Quantity Price ($)
---------- ---------- -------- ---------
<S> <C> <C> <C>
----------------------- ----------------------- ----------------------- -----------------------
BUY 01/27/99 510.00 17.0000
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BUY 01/28/99 1,530.00 17.0000
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BUY 01/29/99 250.00 17.0000
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BUY 02/02/99 1030.00 17.2500
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BUY 02/03/99 800.00 17.2500
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BUY 02/08/99 100.00 17.3750
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BUY 02/16/99 6,530.00 17.5625
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BUY 03/03/99 6,335.00 17.5000
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BUY 03/04/99 5,850.00 17.5000
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BUY 03/05/99 17,975.00 17.5625
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BUY 03/08/99 3,725.00 17.5625
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BUY 03/09/99 900.00 17.5625
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BUY 03/10/99 3,830.00 17.6250
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BUY 03/11/99 18,960.00 17.6563
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BUY 03/12/99 9,250.00 17.6250
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BUY 03/15/99 1,600.00 17.6103
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BUY 03/16/99 9,300.00 17.6250
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BUY 03/18/99 11,700.00 17.7500
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BUY 03/18/99 100.00 17.6875
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</TABLE>
Transactions by Account No. 4
<TABLE>
<CAPTION>
----------------------- ----------------------- ----------------------- -----------------------
Trade Type Trade Date Quantity Price ($)
---------- ---------- -------- ---------
<S> <C> <C> <C>
----------------------- ----------------------- ----------------------- -----------------------
BUY 01/26/99 2,070.00 17.0000
----------------------- ----------------------- ----------------------- -----------------------
BUY 01/27/99 140.00 17.0000
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BUY 01/28/99 215.00 17.0000
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BUY 02/02/99 125.00 17.2500
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BUY 02/16/99 900.00 17.5625
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BUY 03/04/99 550.00 17.5000
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BUY 03/05/99 1,675.00 17.5625
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BUY 03/08/99 350.00 17.5625
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BUY 03/09/99 200.00 17.5625
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BUY 03/10/99 330.00 17.6250
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BUY 03/11/99 1,980.00 17.6563
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BUY 03/12/99 1,000.00 17.6250
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BUY 03/15/99 200.00 17.6103
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BUY 03/16/99 1,000.00 17.6250
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BUY 03/18/99 1,100.00 17.7500
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</TABLE>
(Page 7 of 7 Pages)
