<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
ACORN PRODUCTS, INC.
(Name of Issuer)
Common Stock, par value $0.001 per share
(Title of Class of Securities)
004857 10 8
(CUSIP Number)
<TABLE>
<CAPTION>
<S> <C>
Michael E. Cahill, Esq. Kenneth Liang
Managing Director & General Counsel Managing Director & General Counsel
The TCW Group, Inc. Oaktree Capital Management, LLC
865 South Figueroa Street, Suite 1800 333 South Grand Avenue, 28th Floor
Los Angeles, California 90017 Los Angeles, California 90071
(213) 244-0000 (213) 830-6300
</TABLE>
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
June 21, 1999
(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(b)(3) or (4), check the following box.
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) 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> 2
SCHEDULE 13D
- ----------------------------------- ---------------------------------------
CUSIP NO. 004857 10 8 PAGE 2 OF 15 PAGES
-------------- ----- ------
- ----------------------------------- ---------------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The TCW Group, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3
SEC USE ONLY
- --------------------------------------------------------------------------------
4
SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Nevada
- --------------------------------------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES
BENEFICIALLY 3,162,049
OWNED BY
EACH
REPORTING
PERSON WITH
-------------------------------------------------------------
8 SHARED VOTING POWER
-0-
-------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
3,162,049
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,162,049
- --------------------------------------------------------------------------------
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
52.5%
- --------------------------------------------------------------------------------
14
TYPE OF REPORTING PERSON*
HC; CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 3
SCHEDULE 13D
- ----------------------------------- ---------------------------------------
CUSIP NO. 004857 10 8 PAGE 3 OF 15 PAGES
- ----------------------------------- ---------------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert A. Day
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3
SEC USE ONLY
- --------------------------------------------------------------------------------
4
SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / /
PURSUANT TO ITEMS 2(d) OR 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY 3,162,049
OWNED BY
EACH
REPORTING
PERSON WITH
-----------------------------------------------------------
8 SHARED VOTING POWER
-0-
-----------------------------------------------------------
9 SOLE DISPOSITIVE POWER
3,162,049
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,162,049
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
52.5%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN; HC
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 4
SCHEDULE 13D
- ----------------------------------- --------------------------------------
CUSIP NO. 004857 10 8 PAGE 4 OF 15 PAGES
-------------- ----- ------
- ----------------------------------- --------------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Trust Company of the West
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY 1,013,473
OWNED BY
EACH
REPORTING
PERSON WITH
-----------------------------------------------------------
8 SHARED VOTING POWER
-0-
-----------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,013,473
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,013,473
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.8%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO; BK
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 5
SCHEDULE 13D
- ------------------------------- ------------------------------------
CUSIP NO. 004857 10 8 PAGE 5 OF 15 PAGES
-------------- ----- ------
- ------------------------------- ------------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
TCW Asset Management Company
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / /
PURSUANT TO ITEMS 2(d) OR 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY 2,148,576
OWNED BY
EACH
REPORTING
PERSON WITH
-----------------------------------------------------------
8 SHARED VOTING POWER
-0-
-----------------------------------------------------------
9 SOLE DISPOSITIVE POWER
2,148,576
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,148,576
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
35.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO; IA
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 6
SCHEDULE 13D
- ----------------------------- -----------------------------------------
CUSIP NO. 004857 10 8 PAGE 6 OF 15 PAGES
-------------- ----- ------
- ----------------------------- -----------------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
TCW Special Credits
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY 2,148,576
OWNED BY
EACH
REPORTING
PERSON WITH
-----------------------------------------------------------
8 SHARED VOTING POWER
-0-
-----------------------------------------------------------
9 SOLE DISPOSITIVE POWER
2,148,576
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,148,576
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
35.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN; IA
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 7
SCHEDULE 13D
- ----------------------------- ------------------------------------------
CUSIP NO. 004857 10 8 PAGE 7 OF 15 PAGES
-------------- ----- ------
- ----------------------------- ------------------------------------------
- --------------------------------------------------------------------------------
1
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
TCW Special Credits Fund III
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY 660,036
OWNED BY
EACH
REPORTING
PERSON WITH
-----------------------------------------------------------
8 SHARED VOTING POWER
-0-
-----------------------------------------------------------
9 SOLE DISPOSITIVE POWER
660,036
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
660,036
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 8
SCHEDULE 13D
- ----------------------------- -------------------------------------
CUSIP NO. 004857 10 8 PAGE 8 OF 15 PAGES
-------------- ----- ------
- ----------------------------- -------------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
TCW Special Credits Fund IIIb
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / /
PURSUANT TO ITEMS 2(d) OR 2(e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY 625,988
OWNED BY
EACH
REPORTING
PERSON WITH
-----------------------------------------------------------
8 SHARED VOTING POWER
-0-
-----------------------------------------------------------
9 SOLE DISPOSITIVE POWER
625,988
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
625,988
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.4%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 9
SCHEDULE 13D
- ------------------------------ ---------------------------------------
CUSIP NO. 004857 10 8 PAGE 9 OF 15 PAGES
-------------- ----- ------
- ------------------------------ ---------------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
TCW Special Credits Trust IIIb
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY 447,124
OWNED BY
EACH
REPORTING
PERSON WITH
-----------------------------------------------------------
8 SHARED VOTING POWER
-0-
-----------------------------------------------------------
9 SOLE DISPOSITIVE POWER
447,124
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
447,124
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.4%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 10
SCHEDULE 13D
- ------------------------------ -----------------------------------------
CUSIP NO. 004857 10 8 PAGE 10 OF 15 PAGES
-------------- ------ ------
- ------------------------------ -----------------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Oaktree Capital Management, LLC
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY 1,149,500
OWNED BY
EACH
REPORTING
PERSON WITH
-----------------------------------------------------------
8 SHARED VOTING POWER
-0-
-----------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,149,500
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,149,500
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.1%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA; OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 11
SCHEDULE 13D
- ----------------------------- --------------------------------------
CUSIP NO. 004857 10 8 PAGE 11 OF 15 PAGES
-------------- ------ ------
- ----------------------------- --------------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
OCM Principal Opportunities Fund, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY 1,149,500
OWNED BY
EACH
REPORTING
PERSON WITH
-----------------------------------------------------------
8 SHARED VOTING POWER
-0-
-----------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,149,500
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,149,500
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.1%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 12
This Amendment No. 2 amends and supplements, pursuant to Rule 13d-2(a), the
Schedule 13D of The TCW Group, Inc., Robert A. Day, Trust Company of the West,
TCW Asset Management Company, TCW Special Credits, TCW Special Credits Fund III,
TCW Special Credits Fund IIIb, TCW Special Credits Trust IIIb, Oaktree Capital
Management, LLC and OCM Principal Opportunities Fund, L.P. filed with the
Securities and Exchange Commission on July 3, 1997 and amended by Amendment No.
1 filed on December 17, 1997, relating to the common stock, par value $0.001 per
share (the "Common Stock") of Acorn Products, Inc., a Delaware corporation (the
"Issuer").
ITEM 2. IDENTITY AND BACKGROUND
The last line of paragraph four of Item 2 (excluding the beginning paragraph
listing the entities on whose behalf the Schedule 13D is filed) is hereby
amended and restated to read as follows: The address of the principal business
and principal office for Oaktree and the Oaktree Fund is 333 South Grand Avenue,
28th Floor, Los Angeles, California 90071.
Under the list of Executive Officers for TCWG (see paragraph (i) under the
heading "(a) - (c) & (f)"), the last name on the list, David K. Sandie, is
hereby replaced with William C. Sonneborn.
Under the list of Executive Officers & Directors for TCW (see paragraph (ii)
under the heading "(a) - (c) & (f)"), the acting duties of Ernest O. Ellison are
hereby amended and restated to read as follows: Director, Vice Chairman &
Chairman, Investment Policy Committee. The last name on the list, David K.
Sandie, is hereby replaced with William C. Sonneborn.
Under the list of Executive Officers & Directors for TAMCO (see paragraph (iii)
under the heading "(a) - (c) & (f)"), the acting duties of Marc I. Stern are
hereby amended and restated to read as follows: Director & President & Vice
Chairman of the Board. The acting duties of Ernest O. Ellison are hereby amended
and restated to read as follows: Chairman, Investment Policy Committee.
Finally, the last name on the list (David K. Sandie) is hereby replaced with
William C. Sonneborn.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Paragraph five of Item 3 is hereby amended and restated in its entirety to read
as follows:
The Oaktree Fund holds 1,149,500 shares of the Issuer's outstanding Common
Stock. The Oaktree Fund acquired 812,500 shares of the Issuer's outstanding
Common Stock in the Issuer's initial public offering for $14.00 per share. The
Oaktree Fund acquired 125,000 shares of the Issuer's outstanding Common Stock
pursuant to a negotiated private transaction for $14.00 per share. Through open
market purchases, the Oaktree Fund acquired 10,000 shares of the Issuer's
outstanding Common Stock for $14.00 per share, 20,000 shares of the Issuer's
outstanding Common Stock for $10.75 per share, and 140,000 shares of the
Issuer's outstanding Common Stock for $10.28, all prior to Amendment No.1
mentioned above. On June 21, 1999, the Oaktree Fund acquired 42,000 shares of
the Issuer's outstanding Common Stock for $4.8125 per share. All such purchases
were made from the working capital of the Oaktree Fund.
ITEM 5. INTEREST AND SECURITIES OF THE ISSUER
Paragraphs one through seven of subsection (a) of Item 5 are hereby amended and
restated in their entirety as follows:
As of the date of this Statement, TCW Special Credits Fund III owns 660,036
shares of the Issuer's outstanding Common Stock, which is approximately 11.0% of
the Issuer's outstanding Common Stock. TCW Special Credits Fund IIIb owns
625,988 shares of the Issuer's outstanding Common Stock, which is approximately
10.4% of the Issuer's outstanding Common Stock. Special Credits, as the sole
general partner of the Special Credits Limited Partnerships and as investment
manager of the Special Credits Accounts, may be deemed to beneficially own
2,148,576 shares of the Issuer's outstanding Common Stock, which is
approximately 35.7% of the Issuer's outstanding Common Stock.
As of the date of this Statement, TCW Special Credits Trust IIIb owns 447,124
shares of the Issuer's outstanding Common Stock, which is approximately 7.4% of
the Issuer's outstanding Common Stock. TCW, as the trustee of the Special
Credits Trusts, may be deemed to beneficially own 1,013,473 shares of the
Issuer's outstanding Common Stock, which is approximately 16.8% of the Issuer's
outstanding Common Stock.
<PAGE> 13
TAMCO, as the managing general partner of Special Credits, may be deemed to
beneficially own the Issuer's outstanding Common Stock held by the Special
Credits Limited Partnerships and the Special Credits Accounts, all of which
constitutes 2,148,576 shares of the Issuer's outstanding Common Stock, or
approximately 35.7% of the outstanding shares of the Issuer's Common Stock.
TCWG, as the parent corporation of TCW and TAMCO, may be deemed to beneficially
own shares of the Issuer's outstanding Common Stock deemed to be owned by the
other TCW Related Entities and the Special Credits Accounts, all of which
constitutes 3,162,049 shares of the Issuer's outstanding Common Stock, or
approximately 52.5% of the outstanding shares of the Issuer's Common Stock.
TCWG, TCW, TAMCO and Special Credits each disclaims beneficial ownership of the
shares of the Issuer's outstanding Common Stock reported herein and the filing
of this Statement shall not be construed as an admission that any such entity is
the beneficial owner of any securities covered by this Statement. Bruce A.
Karsh, Howard S. Marks, D. Richard Masson and Sheldon M. Stone each disclaims
ownership of the shares of the Issuer's Common Stock reported herein and the
filing of this Statement shall not be construed as an admission that any of such
individuals is the beneficial owner of any securities covered by this Statement.
Mr. Day may be deemed to beneficially own the Issuer's outstanding Common Stock
deemed to be owned by the other TCW Related Entities, all of which constitutes
3,162,049 shares of the Issuer's outstanding Common Stock (approximately 52.5%
of the Issuer's outstanding Common Stock). Mr. Day disclaims beneficial
ownership of the Issuer's outstanding Common Stock reported herein and the
filing of this Statement shall not be construed as an admission that Mr. Day is
the beneficial owner of any securities covered by this Statement.
As of the date of this Statement, the Oaktree Fund beneficially owns 1,149,500
shares of the Issuer's outstanding Common Stock, which is approximately 19.1% of
the Issuer's outstanding Common Stock.
Oaktree, as the general partner of the Oaktree Fund, may be deemed to
beneficially own 1,149,500 shares of the Issuer's Common Stock. Certain
principals of Oaktree are individual general partners of Special Credits (the
"Individual Partners"). The Individual Partners, in their capacity as general
partners of Special Credits have been designated to manage the Special Credits,
Limited Partnerships, the Special Credits Trusts and the Special Credits
Accounts. Although Oaktree provides consulting, research and other investment
management support to the Individual Partners, Oaktree does not have voting or
dispositive power with respect to the Special Credits Limited Partnerships, the
Special Credits Trusts or the Special Credits Accounts. Oaktree therefore
disclaims beneficial ownership of the 3,162,049 shares of the Issuer's Common
Stock, or approximately 52.5% of the outstanding shares of the Issuer's Common
Stock, held by the Special Credits Entities and the Special Credits Accounts,
and the filing of this Statement shall not be construed as an admission that
Oaktree is the beneficial owner of any securities held by the Special Credits
Entities and the Special Credits Accounts.
Paragraph five of subsection (b) of Item 5 is hereby amended and restated in its
entirety as follows:
Oaktree, as the general partner of the Oaktree Fund, has discretionary authority
and control over all of the assets of the Oaktree Fund pursuant to the
partnership agreement for the Oaktree Fund, including the power to vote and
dispose of the Issuer's Common Stock held in the name of the Oaktree Fund.
Therefore, Oaktree has the power to vote and dispose of 1,149,500 shares of the
Issuer's Common Stock.
<PAGE> 14
SIGNATURE
After reasonable inquiry and to the best of their knowledge and belief, the
undersigned certify that the information set forth in this Amendment No. 2 is
true, complete and correct.
Dated as of this 14th day of July, 1999.
THE TCW GROUP, INC.
/s/ Susan Marsch
- ----------------------------------
Susan Marsch
Authorized Signatory
ROBERT A. DAY
/s/ Susan Marsch
- ----------------------------------
Susan Marsch
Under Power of Attorney dated
March 31, 1999, on file with
Schedule 13G for Hibbett Sporting
Goods, Inc. dated April 9, 1999
TRUST COMPANY OF THE WEST
/s/ Kenneth Liang
- ----------------------------------
Kenneth Liang
Authorized Signatory
TCW ASSET MANAGEMENT COMPANY
/s/ Kenneth Liang
- ----------------------------------
Kenneth Liang
Authorized Signatory
TCW SPECIAL CREDITS
/s/ Kenneth Liang
- ----------------------------------
Kenneth Liang
Authorized Signatory of TCW Asset Management Company,
the Managing General Partner of TCW Special Credits
TCW SPECIAL CREDITS FUND III
/s/ Kenneth Liang
- ----------------------------------
Kenneth Liang
Authorized Signatory of TCW Asset Management Company,
the Managing General Partner of TCW Special Credits,
the General Partner of TCW Special Credits Fund III
TCW SPECIAL CREDITS FUND IIIb
/s/ Kenneth Liang
- ----------------------------------
Kenneth Liang
Authorized Signatory of TCW Asset Management Company,
the Managing General Partner of TCW Special Credits,
the General Partner of TCW Special Credits Fund IIIb
<PAGE> 15
TCW SPECIAL CREDITS TRUST IIIb
/s/ Kenneth Liang
- ----------------------------------
Kenneth Liang
Authorized Signatory of Trust Company of the West,
the trustee of TCW Special Credits Trust IIIb
OAKTREE CAPITAL MANAGEMENT, LLC
/s/ Kenneth Liang
- ----------------------------------
Kenneth Liang
Managing Director and General Counsel
OCM PRINCIPAL OPPORTUNITIES FUND, L.P.
/s/ Kenneth Liang
- ----------------------------------
Kenneth Liang
Managing Director and General Counsel of
Oaktree Capital Management, LLC,
the General Partner of OCM
Principal Opportunities Fund, L.P.
