OMB APPROVAL
OMB Number: 3235-0145
Expires: October 31, 2002
Estimated average burden
hours per response ....14.9
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
---------
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ___) *
TRACK 'N TRAIL INC.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.01 Par Value
--------------------------------------------------------------------------------
(Title of Class of Securities)
891924 10 2
--------------------------------------------------------------------------------
(CUSIP Number)
Howard Friedman, Esq., Schuyler, Roche & Zwirner, 130 East Randolph Street,
Chicago IL 60601 (312/565-8394)
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
October 2, 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 Section 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 Section 240.13d-7 for other
parties to whom copies are to be sent.
* 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>
CUSIP No. 891924 10 2 Page 2 of 6 Pages
1 Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only).
Individual Retirement Accounts for the benefit of
Ronald L. Chez and Ronald L. Chez Individually (###-##-####)
2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) N/A
(b) N/A
3 SEC Use Only
4 Source of Funds (See Instructions)
PF
5 Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) N/A
6 Citizenship or Place of Organization
United States of America
7 Sole Voting Power
407,635
Number of Shares
Beneficially Owned 8 Shared Voting Power
by Each Reporting -0-
Person With
9 Sole Dispositive Power
407,635
10 Shared Dispositive Power
-0-
11 Aggregate Amount Beneficially Owned by Each Reporting Person
407,635
12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) N/A
13 Percent of Class Represented by Amount in Row (11)
5.687%
14 Type of Reporting Person (See Instructions)
IN
<PAGE>
CUSIP No. 891924 10 2 Page 3 of 6 Pages
Pursuant to Rule 13d-1 of Regulation 13D-G of the General Rules and
Regulations under the Securities Exchange Act of 1934, as amended (the "Act"),
the undersigned Ronald L. Chez (the "Reporting Person") hereby files this
Schedule 13D.
Item 1. Security and Issuer.
-------------------
This statement relates to the Common Stock, $.01 Par Value (the
Stock") of Track'n Trail, Inc., a Delaware corporation (the "Issuer"), 4961A
Windplay Drive, El Dorado Hills, California 96762
Item 2. Identity and Background.
-----------------------
(a), (b), (c)
The Reporting Person is an individual whose principal occupation is an
investor and his business address is 605 West Madison, Suite 311, Chicago, IL
60661.
(d) The Reporting Person has not, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) The Reporting Person has not, during the last five years, been a
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to 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.
(f) The Reporting Person is a citizen of the United States of America.
Item 3. Source and Amount of Funds or other Consideration.
-------------------------------------------------
The source and amount of funds used by the Reporting Person to
purchase shares of the Stock that require the filing of this Schedule 13-D are
personal funds including amounts held by individual retirement accounts for the
benefit of the Reporting Person.
<PAGE>
CUSIP NO. 891924 10 2 Page 4 of 6 Pages
Item 4. Purposes of Transaction.
-----------------------
The shares of the Stock of the Issuer to which this statement relates
have been acquired by the Reporting Person for investment purposes. The
Reporting Person may give consideration to acquiring a more significant voice in
the Issuer's management but he has not yet made that determination and plans to
discuss with management strategic alternatives to enhance shareholder value. It
is possible that at a future date the reporting Person might decide to sell
shares of the Stock or to acquire additional shares of the Stock through open
market or privately negotiated transactions. Any such future decisions will be
made by the Reporting Person in light of the then current financial conditions
and prospects of the Issuer, the market value of the Stock, the financial
condition of the Reporting Person and other relevant factors. Except as noted
above, the Reporting Person has not formulated any plans or proposals which
relate to or would result in:
(a) The acquisition by any person of additional securities of the
Issuer, or the disposition of securities of the Issuer;
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its subsidiaries;
(c) A sale or transfer of a material amount of assets of the Issuer or
any of its subsidiaries;
(d) Any change in the present board of directors or management of the
Issuer, including any plans or proposals to change the number or term of
directors or to fill any existing vacancies on the board;
(e) Any material change in the present capitalization or dividend
policy of the Issuer;
(f) Any other material change in the Issuer's business or corporate
structure including but not limited to, if the Issuer is a registered closed-end
investment company, any plans or proposals to make any changes in its investment
policy for which a vote is required by Section 13 of the Investment Company Act
of 1940;
(g) Changes in the Issuer's charter, bylaws or instruments
corresponding thereto or other actions which may impede the acquisition of
control of the Issuer by any person;
(h) Causing a class of securities of the Issuer to be delisted from a
national securities exchange or to cease to be authorized to be quoted in an
inter-dealer quotation system of a registered national securities association;
<PAGE>
CUSIP NO. 891924 10 2 Page 5 of 6 Pages
(i) A class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Act; or
(j) Any action similar to any of those enumerated above.
However, the Reporting Person may at some future date propose any of
the foregoing changes or actions which he hereafter considers desirable in light
of his examination of the Issuer and its assets and operations, future prospects
and of the circumstances prevailing at the time.
Item 5. Interest in the Securities of the Issuer.
----------------------------------------
(a) The aggregate number of shares of the Stock owned beneficially by
the Reporting Person is 407,635 (the "Shares") constituting approximately 5.687%
of the outstanding Shares of the Stock. The percentages in this Item 5(a) are
based on 7,167,866 (as of August 8, 2000) Shares of the Stock outstanding, as
reported in the Issuer's Form 10Q filed on August 10, 2000.
(b) The Reporting Person has the sole power (and no shared power) to
vote or dispose of or direct the disposition of Shares owned by such Reporting
Person.
(c) Except as set forth immediately below, the Reporting Person has not
affected any transaction in shares of the Stock during the 60 days prior to
October 2, 2000. The Reporting Person purchased Shares of Stock as follows:
Date Shares Cost
---- ------ ----
8/03/00 5,000 $0.53125
5,000 $0.53125
9/26/00 1,000 $0.34375
9/29/00 3,600 $0.3125
10/02/00 10,000 $0.3125
The reporting person also purchased on October 3, 2000, 11,400 Shares
of Stock at $0.3125 per share and on October 11, 2000, 30, 500 Shares of Stock
at $0.4375 per share.
<PAGE>
CUSIP NO. 891924 10 2 Page 6 of 6 Pages
All purchases were made in the open market. The Reporting Person had previously
owned 341,135 shares of Stock, all acquired in the open market at various prices
more than 60 days prior to October 2, 2000.
(d) No person other than the Reporting Person has the right to receive
or the power to direct the receipt of dividends from, or the proceeds from the
sale of, the Shares owned by such Reporting Person.
(e) It is inapplicable, for purposes of this statement, to state the
date on which the Reporting Person ceased to be the owner of more than 5% of the
Shares of the Stock of the Issuer.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
----------------------------------------------------------------------
None.
Item 7. Material to be Filed as Exhibits.
--------------------------------
None.
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: October 11, 2000
/s/ Ronald L. Chez
---------------------------------
Ronald L. Chez
