UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
LOGAN'S ROADHOUSE, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, Par Value $.01 Per Share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
541198 10 7
-------------------------------------------
(CUSIP Number)
JOHN M. DAY
c/o Maynard Capital Partners, L.L.C.
5151 Glenwood Avenue
Raleigh, North Carolina 27612
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
December 18, 1997
------------------------------------------------------------------------
(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 purposes 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>
SCHEDULE 13D
- --------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 2 of 21 Pages
- --------------------------------- ---------------------------------
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
- ------ --------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OF ABOVE PERSON
A Few Valuable Businesses Partnership
- ------ --------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b) x
- ------ --------------------------------------------------------------------------------------------------------------
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
North Carolina
- ------ --------------------------------------------------------------------------------------------------------------
- ------------------ ------ -------------------------------------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
181,010
------ -------------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH
------ -------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 181,010
WITH
------ -------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ------------------ ------ -------------------------------------------------------------------------------------------
- ------ --------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
181,010
- ------ --------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THAT AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- ------ --------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.5%
- ------ --------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ------ --------------------------------------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- --------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 3 of 21 Pages
- --------------------------------- ---------------------------------
- ------ --------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OF ABOVE PERSON
Team Partnership
- ------ --------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b) x
- ------ --------------------------------------------------------------------------------------------------------------
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
North Carolina
- ------ --------------------------------------------------------------------------------------------------------------
- ------------------ ------ -------------------------------------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
21,765
------ -------------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH
------ -------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 21,765
WITH
------ -------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ------------------ ------ -------------------------------------------------------------------------------------------
- ------ --------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,765
- ------ --------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THAT AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- ------ --------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
- ------ --------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ------ --------------------------------------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- --------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 4 of 21 Pages
- --------------------------------- ---------------------------------
- ------ --------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OF ABOVE PERSON
Capital Partner Investments Partnership
- ------ --------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b) x
- ------ --------------------------------------------------------------------------------------------------------------
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
North Carolina
- ------ --------------------------------------------------------------------------------------------------------------
- ------------------ ------ -------------------------------------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
286,000
------ -------------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH
------ -------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 286,000
WITH
------ -------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ------------------ ------ -------------------------------------------------------------------------------------------
- ------ --------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
286,000
- ------ --------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THAT AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- ------ --------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.0%
- ------ --------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ------ --------------------------------------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- --------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 5 of 21 Pages
- --------------------------------- ---------------------------------
- ------ --------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OF ABOVE PERSON
John M. Day
- ------ --------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b) x
- ------ --------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------ --------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- ------ --------------------------------------------------------------------------------------------------------------
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.
- ------ --------------------------------------------------------------------------------------------------------------
- ------------------ ------ -------------------------------------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
59,265
------ -------------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 467,010
EACH
------ -------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 59,265
WITH
------ -------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
467,010
- ------------------ ------ -------------------------------------------------------------------------------------------
- ------ --------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
526,275
- ------ --------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THAT 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*
IN
- ------ --------------------------------------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- --------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 6 of 21 Pages
- --------------------------------- ---------------------------------
- ------ --------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OF ABOVE PERSON
Maynard Capital Partners, L.L.C.
- ------ --------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b) x
- ------ --------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------ --------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
NA
- ------ --------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
- ------ --------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
North Carolina
- ------ --------------------------------------------------------------------------------------------------------------
- ------------------ ------ -------------------------------------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
286,000
------ -------------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH
------ -------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 286,000
WITH
------ -------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ------------------ ------ -------------------------------------------------------------------------------------------
- ------ --------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
286,000
- ------ --------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THAT AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- ------ --------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.0%
- ------ --------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- ------ --------------------------------------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- --------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 7 of 21 Pages
- --------------------------------- ---------------------------------
- ------ --------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OF ABOVE PERSON
Investors Management Corporation
- ------ --------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b) x
- ------ --------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------ --------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
NA
- ------ --------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
- ------ --------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
North Carolina
- ------ --------------------------------------------------------------------------------------------------------------
- ------------------ ------ -------------------------------------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
0
------ -------------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 467,010
EACH
------ -------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH
------ -------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
467,010
- ------------------ ------ -------------------------------------------------------------------------------------------
- ------ --------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
467,010
- ------ --------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THAT AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- ------ --------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.5%
- ------ --------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- ------ --------------------------------------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- --------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 8 of 21 Pages
- --------------------------------- ---------------------------------
- ------ --------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OF ABOVE PERSON
Gene T. Aman
- ------ --------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b) x
- ------ --------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------ --------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- ------ --------------------------------------------------------------------------------------------------------------
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.
- ------ --------------------------------------------------------------------------------------------------------------
- ------------------ ------ -------------------------------------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
10,000
------ -------------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH
------ -------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 10,000
WITH
------ -------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ------------------ ------ -------------------------------------------------------------------------------------------
- ------ --------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,000
- ------ --------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THAT AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- ------ --------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than one percent
- ------ --------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------ --------------------------------------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- --------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 9 of 21 Pages
- --------------------------------- ---------------------------------
- ------ --------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OF ABOVE PERSON
James Maynard
- ------ --------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b) x
- ------ --------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------ --------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
NA
- ------ --------------------------------------------------------------------------------------------------------------
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.
- ------ --------------------------------------------------------------------------------------------------------------
- ------------------ ------ -------------------------------------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
2,000
------ -------------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 467,010
EACH
------ -------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 2,000
WITH
------ -------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
467,010
- ------------------ ------ -------------------------------------------------------------------------------------------
- ------ --------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
469,010
- ------ --------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THAT AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- ------ --------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.5%
- ------ --------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------ --------------------------------------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- --------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 10 of 21 Pages
- --------------------------------- ---------------------------------
- ------ --------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OF ABOVE PERSON
Maynard Trust
- ------ --------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b) x
- ------ --------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------ --------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- ------ --------------------------------------------------------------------------------------------------------------
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.
- ------ --------------------------------------------------------------------------------------------------------------
- ------------------ ------ -------------------------------------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
2,000
------ -------------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH
------ -------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 2,000
WITH
------ -------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ------------------ ------ -------------------------------------------------------------------------------------------
- ------ --------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,000
- ------ --------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THAT AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- ------ --------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than one percent
- ------ --------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- ------ --------------------------------------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- --------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 11 of 21 Pages
- --------------------------------- ---------------------------------
- ------ --------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OF ABOVE PERSON
Ronald M. Barbee
- ------ --------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b) x
- ------ --------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------ --------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
NA
- ------ --------------------------------------------------------------------------------------------------------------
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.
- ------ --------------------------------------------------------------------------------------------------------------
- ------------------ ------ -------------------------------------------------------------------------------------------
NUMBER OF SHARES 7 SOLE VOTING POWER
0
------ -------------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 286,000
EACH
------ -------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH
------ -------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
286,000
- ------------------ ------ -------------------------------------------------------------------------------------------
- ------ --------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
286,000
- ------ --------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THAT AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- ------ --------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.0%
- ------ --------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------ --------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
- --------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 12 of 21 Pages
- --------------------------------- ---------------------------------
INTRODUCTION
This Statement on Schedule 13D (the "Statement") constitutes the
initial filing as a group of certain related parties (the "Reporting Persons")
consisting of: A Few Valuable Businesses Partnership, a North Carolina general
partnership ("AFVBP"); Team Partnership, a North Carolina general partnership
("Team Partnership"); Capital Partner Investments Partnership, a North Carolina
general partnership ("Capital Partner"); John M. Day, a managing partner of Team
Partnership and a co-managing partner of AFVBP ("Mr. Day"); Maynard Capital
Partners, L.L.C., a North Carolina limited liability company and the managing
partner of Capital Partners ("MCP"); Investors Management Corporation, a North
Carolina corporation, the other co-manager of AFVBP and controlling shareholder
of MCP ("IMC"); Gene T. Aman ("Mr. Aman"); James Maynard, the majority
shareholder of IMC ("Mr. Maynard"); the Maynard Trust, a family trust for which
Mr. Maynard's wife is the trustee; and Ronald M. Barbee, a managing partner of
MCP ("Mr. Barbee").
ITEM 1. SECURITY AND ISSUER
The class of securities to which this statement relates is the
Common Stock, par value $.01 per share (the "Common Stock"), of Logan's
Roadhouse, Inc., an Illinois corporation (the "Issuer"), the principal
executive offices of which are located at 565 Marriott Drive, Suite
490, Nashville, Tennessee 37214.
ITEM 2. IDENTITY AND BACKGROUND
(a)-(c),(f) Reporting Persons: The name, business address, present
principal employment and citizenship of each Reporting Person
is listed below.
<TABLE>
<CAPTION>
<S> <C> <C>
1. Name: A Few Valuable Businesses Partnership
Business Address: 5151 Glenwood Avenue, Raleigh, NC 27612
Principal Business: invest in securities of privately and publicly-held
companies
2. Name: Team Partnership
Business Address: 5151 Glenwood Avenue, Raleigh, NC 27612
Principal Business: invest in securities of privately and publicly-held
companies
3. Name: Capital Partner Investments Partnership
Business Address: 5151 Glenwood Avenue, Raleigh, NC 27612
Principal Business: invest in securities of privately and publicly-held
companies
<PAGE>
- --------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 13 of 21 Pages
- --------------------------------- ---------------------------------
4. Name: John M. Day
Business Address: 5151 Glenwood Avenue, Raleigh, NC 27612
Present Principal Employment: Managing Partner of Team Partnership and co-Managing
Partner of each of AFVBP and MCP; Vice President
of IMC
Citizenship: United States
5. Name: Maynard Capital Partners, L.L.C.
Business Address: 5151 Glenwood Avenue, Raleigh, NC 27612
Principal Business: invest in securities of privately and publicly-held
companies
6. Name: Investors Management Corporation
Business Address: 5151 Glenwood Avenue, Raleigh, NC 27612
Principal Business: invest in securities of privately and publicly held
companies; holding company for Golden Corral
Corporation
7. Name: Gene T. Aman
Business Address: 5151 Glenwood Avenue, Raleigh, NC 27612
Present Principal Employment: General Partner of Team Partnership and AFVBP and an
officer of IMC.
Citizenship: United States
8. Name: James Maynard
Business Address: 5151 Glenwood Avenue, Raleigh, NC 27612
Present Principal Employment: General Partner of Team Partnership and various other
investment related partnership and ventures;
Chairman of IMC
Citizenship: United States
9. Name: Maynard Trust
Business Address: 5151 Glenwood Avenue, Raleigh, NC 27612
10. Name: Ronald M. Barbee
Business Address: 5151 Glenwood Avenue, Raleigh, NC 27612
Present Principal Employment: General Partner of Team Partnership and a Managing
Partner of MCP; Vice President of IMC
Citizenship: United States
<PAGE>
- --------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 14 of 21 Pages
- --------------------------------- ---------------------------------
Enumerated Persons:
Name: Richard A. Urquhart, III
Business Address: 5151 Glenwood Avenue, Raleigh, NC 27612
Present Principal Employment: General Partner of Team Partnership and Vice
President of IMC
Citizenship: United States
Name: Mark Burling
Business Address: 5151 Glenwood Avenue, Raleigh, NC 27612
Present Principal Employment: General Partner of Team Partnership and employee of
IMC
Citizenship: United States
Name: Variety Wholesalers, Inc.
Business Address: 3401 Gresham Lake Road, Raleigh, NC 27615
Principal Business: A North Carolina corporation engaged in the business
of operating retail outlet stores; Also serves
as a General Partner of Capital Partners.
Name: John W. Pope
Business Address: 3401 Gresham Lake Road, Raleigh, NC 27615
Present Principal Employment: Executive Officer of Variety Wholesalers, Inc.;
Serves as a General Partner of Capital Partners.
</TABLE>
The executive officers and directors of Investors Management
Corporation are as follows:
<TABLE>
<CAPTION>
Name Position
---- --------
<S> <C> <C>
James H. Maynard Chairman, President, Chief Executive Officer,
Treasurer and Director
Gene T. Aman Vice President
Ronald M. Barbee Vice President
John M. Day Vice President
Sampson A. Starling Vice President
Richard A. Urquhart III Vice President-Finance, and Secretary
Doris F. Baldwin Assistant Secretary
Robert B. Heyward Assistant Secretary
Mark E. Burling Assistant Secretary
<PAGE>
- --------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 15 of 21 Pages
- --------------------------------- ---------------------------------
Wayman O. Leftwich, Jr. Director
William F. Carl Director
Paul A. DelaCourt Director
Ira J. Hechler Director
Terry Sanford Director
Louis W. Sewell Director
</TABLE>
(b) The address of each of the enumerated executive officers is
the principal offices of Investors Management Corporation.
(c) The principal employment and name and principal business of
the employer of each of the enumerated Investors Management
Corporation executive officers and directors is as follows:
Messrs. Maynard, Aman, Barbee, Day, Starling, Urquhart,
Baldwin, Heyward and Burling are employed at Investors
Management Corporation in the capacities described above.
Messrs. Leftwich and Carl are retired IMC executives. Mr.
DelaCourt is a self-employed consultant at 7108 Grand View
Court, Raleigh, North Carolina 27615. Mr. Hechler is a private
investor employed by Ira J. Hechler Associates at 45
Rockefeller Plaza, Suite 1701, New York, New York 10111. Mr.
Sanford is an attorney for the firm of Sanford and Holhouser
at 2500 Auburn Street, Durham, North Carolina 27706. Mr.
Sewell is a private investor with a mailing address at P.O.
Box 536, Jacksonville, North Carolina 28540.
(d) and (e) During the last five (5) years, none of the Reporting
Persons or the enumerated persons listed above has been
convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors), and none of the Reporting
Persons has been party to any civil proceeding of a judicial
or administrative body of competent jurisdiction as a result
of which such Reporting Person 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) Each of the enumerated persons is a United States citizen.
THE FOLLOWING ITEMS 3 THROUGH 6 ARE PROVIDED AS TO THE INDICATED REPORTING
PERSONS AND ALL ENUMERATED PERSONS SET FORTH ABOVE.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Beneficial ownership of the reported securities was acquired
by each of the partnership Reporting Persons through the utilization of
working capital derived from contributions of capital by its partners.
Beneficial ownership of the reported securities
<PAGE>
- --------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 16 of 21 Pages
- --------------------------------- ---------------------------------
was acquired by the individual Reporting Persons and the Maynard Trust
from personal funds. None of the enumerated persons set forth above
beneficially owns any of the reported securities, except as such
ownership may be attributed to such persons on the basis of the
relationships described herein.
ITEM 4. PURPOSE OF TRANSACTION
The Reporting Persons acquired all of the 513,275 shares of
the Issuer's Common Stock for investment purposes. Neither the
Reporting Persons nor the enumerated persons identified above have 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 any 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 the 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;
(g) changes in the Issuer's charter or bylaws 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;
(i) a class of equity securities of the Issuer becoming eligible
for termination of registration pursuant to Section 12(g)(4)
of the Securities Exchange Act of 1934; or
(j) any action similar to those described above.
<PAGE>
- --------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 17 of 21 Pages
- --------------------------------- ---------------------------------
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
The Reporting Persons may be deemed to be members of a "group"
as a result of their relationships and affiliations with one another.
Each of the Reporting Persons disclaims beneficial ownership of all
securities of the Issuer owned by each of the others, and also
disclaims status as a "group" upon any basis, or for any purpose, other
than their relationships and affiliations with one another as described
herein.
(a)and(b) Set forth in the table below are the number and percentage of
shares of the Issuer's Common Stock beneficially owned, as
well as the nature of ownership, for each Reporting Person at
the date of this Statement.
<TABLE>
<CAPTION>
No. of Shares No. of Shares
Beneficially Beneficially Aggregate Percentage
Owned with Owned with No. of of Shares
Sole Voting Shared Voting Shares Beneficially
Name and and Dispositive Beneficially Owned*
Dispositive Power Owned
Power
- -------------------------------------------- ------------- ----------------- ------------- -----------
<S> <C> <C> <C> <C>
A Few Valuable Business Partnership (AFVBP) 181,010 0 181,010 2.5%
Team Partnership 21,765 0 21,765 0.3%
Capital Partner Investments Partnership 286,000 0 286,000 4.0%
John M. Day 59,265 (1) 467,010 (2) 526,275 7.4%
Maynard Capital Partners, L.L.C. (MCP) 286,000 (3) 0 286,000 4.0%
Investors Management Corporation (IMC) 0 467,010 (4) 467,010 6.5%
Ronald M. Barbee 0 286,000 (5) 286,000 4.0%
Gene T. Aman 10,000 0 10,000 **
James Maynard 2,000 (6) 467,010 (7) 469,010 6.5%
Maynard Trust 2,000 0 2,000 **
-------
Group Totals 538,275 7.5%
</TABLE>
- --------------------------------------------
* The percentage figures assume that the Issuer has outstanding 7,140,418
shares of Common Stock, as reported in the Issuer's Quarterly Report on
Form 10-Q for the quarterly period ended October 5, 1997.
** Less than one-tenth of one percent.
(1) Includes the 21,765 shares held of record by Team Partnership, of which
Mr. Day is the managing General Partner.
(2) Includes the 181,010 shares held of record by AFVBP, of which Mr. Day
is a co-managing General Partner, and 286,000 shares held of record by
Capital Partner Investments Partnership, of which Mr. Day is a
co-managing General Partner of the managing General Partner, MCP.
(3) Reflects the shares held of record by Capital Partner Investments
Partnership, of which MCP is the managing General Partner.
(4) Includes the 181,010 shares held of record by AFVBP, of which IMC is a
co-managing General Partner, and the 286,000 shares held of record by
Capital Partner Investments Partnership, of which IMC is a co-managing
General Partner of the managing General Partner, MCP.
(5) Includes the 286,000 shares held of record by Capital Partner
Investments Partnership, of which Mr. Barbee is a co-managing General
Partner of the managing General Partner, MCP.
(6) Reflects the 2,000 shares held of record by the Maynard Trust, with
respect to which Mr. Maynard's wife is the trustee.
<PAGE>
- --------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 18 of 21 Pages
- --------------------------------- ---------------------------------
(7) Includes the 181,010 shares held of record by AFVBP, of which Mr.
Maynard is the majority shareholder of the co-managing General Partner,
IMC, and the 286,000 shares held of record by Capital Partner
Investments Partnership, of which IMC is a co-managing General Partner
of the managing General Partner, MCP.
The remaining enumerated persons listed in Item 2 do not hold any
beneficial ownership of the Issuer, other than through the
relationships and affiliations described herein.
(c) The following is a description of the transactions in the
Issuer's Common Stock effected during the past 60 days by the
Reporting Persons:
(i) A Few Valuable Businesses Partnership
<TABLE>
<CAPTION>
Shares Avg. Cost
Broker Acquired Trade Date Per Share Total Cost
----------------------------------- ------------- ------------ ------------- ----------------
<S> <C> <C> <C> <C>
J.C. Bradford 10,000 10/28/97 $16.00 $160,000
Wheat First Securities 35,100 12/18/97 14.10 494,775
Wheat First Securities 9,500 01/06/98 15.97 151,703
(ii) Capital Partner Investments Partnership
Shares Avg. Cost
Broker Acquired Trade Date Per Share Total Cost
----------------------------------- ------------- ------------ ------------- ----------------
J.C. Bradford 5,000 10/21/97 $19.75 $ 98,750
J.C. Bradford 160,000 10/22/97 17.64 2,821,712
J.C. Bradford 15,000 10/28/97 16.00 240,000
Wheat First Securities 91,000 12/18/97 14.10 1,282,749
Wheat First Securities 15,000 01/06/98 15.97 239,531
(iii) Team Partnership
Shares Avg. Cost
Broker Acquired Trade Date Per Share Total Cost
----------------------------------- ------------- ------------ ------------- ----------------
J.C. Bradford 15,000 10/22/97 17.64 $ 264,535
Wheat First Securities 3,900 12/15/97 14.10 54,974
Transfer to Mark E. Burling (1,075) 12/30/97
Wheat First Securities 500 01/06/98 15.97 7,984
(iv) John M. Day
Shares Avg. Cost
Broker Acquired Trade Date Per Share Total Cost
----------------------------------- ------------- ------------ ------------- ----------------
Wheat First Securities 10,000 10/31/97 $17.88 $178,756
Wheat First Securities 8,000 10/31/97 17.88 143,000
Wheat First Securities 7,000 12/29/97 15.38 107,631
Wheat First Securities 5,000 12/30/97 14.75 73,756
Wheat First Securities 5,000 12/30/97 15.00 75,000
Wheat First Securities 2,500 12/31/97 15.25 38,131
<PAGE>
- --------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 19 of 21 Pages
- --------------------------------- ---------------------------------
(v) Gene T. Aman
Shares Avg. Cost
Broker Acquired Trade Date Per Share Total Cost
----------------------------------- ------------- ------------ ------------- ----------------
Legg Mason 1,000 12/03/97 $17.63 $17,630
Legg Mason 750 12/17/97 14.40 10,800
Legg Mason 2,000 12/29/97 14.56 29,120
(vi) Maynard Trust
Shares Avg. Cost
Broker Acquired Trade Date Per Share Total Cost
----------------------------------- ------------- ------------ ------------- ----------------
Smith Barney 1,000 10/22/97 $17.25 $17,250
Smith Barney 1,000 10/22/97 $17.25 $17,250
</TABLE>
(d) None.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
To the best knowledge of each of the undersigned, there are no
contracts, arrangements, understandings or relationships (legal or
otherwise) among the persons named in Item 2 and between such person
and any person with respect to any securities of the Issuer, including
but not limited to transfer or voting of any of the securities,
finder's fees, joint ventures, loan or option agreement, 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 1 Joint Filing Agreement and Power of Attorney pursuant to
Rule 13d-1(f)(1)(iii)
<PAGE>
- --------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 20 of 21 Pages
- --------------------------------- ---------------------------------
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: January 7, 1998
A Few Valuable Businesses Partnership
By: /s/ John M. Day
____________________________________(SEAL)
Name: John M. Day
_________________________________________
Title: Managing Partner
_________________________________________
Team Partnership
By: /s/ John M. Day
____________________________________(SEAL)
Name: John M. Day
_________________________________________
Title: Managing Partner
_________________________________________
Capital Partner Investments Partnership
By: /s/ John M. Day
____________________________________(SEAL)
Name: John M. Day
_________________________________________
Title: Managing Partner
_________________________________________
Maynard Capital Partners, L.L.C.
By: /s/ John M. Day
____________________________________(SEAL)
Name: John M. Day
_________________________________________
Title: Managing Partner
_________________________________________
<PAGE>
- --------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 21 of 21 Pages
- --------------------------------- ---------------------------------
Investors Management Corporation
By: /s/ R. A. Urquhart
____________________________________(SEAL)
Name: R. A. Urquhart
_________________________________________
Title: Vice President
_________________________________________
Maynard Trust
By: /s/ Connie M. Maynard
____________________________________(SEAL)
Name: Connie M. Maynard
_________________________________________
Title: Trustee
_________________________________________
/s/ John M. Day
__________________________________________(SEAL)
John M. Day
/s/ Gene T. Aman
__________________________________________(SEAL)
Gene T. Aman
/s/ James H. Maynard
__________________________________________(SEAL)
James H. Maynard
/s/ Ronald M. Barbee
__________________________________________(SEAL)
Ronald M. Barbee
<PAGE>
EXHIBIT 1
JOINT FILING AGREEMENT AND POWER OF ATTORNEY
In accordance with Rule 13d-1(f) under the Securities Exchange Act of
1934, as amended, the persons named below agree to the joint filing on behalf of
each of them of this Statement on Schedule 13D to be filed with the Securities
and Exchange Commission with respect to the Common Stock, par value $.01 per
share, of Logan's Roadhouse, Inc., and further agree that this Joint Filing
Agreement be included as an Exhibit to such joint filings.
In addition, each person whose signature appears below hereby
constitutes and appoints John M. Day and Gene T. Aman his, her, or its true and
lawful attorneys-in-fact and agents, with full power of substitution and
resubstitution, for him, her, or its and in his, her, or its name, place and
stead, in any and all capacities (until revoked in writing) to sign any and all
instruments, certificates and documents required to be executed on behalf of
him, her, or it as an individual or entity pursuant to Sections 13(d) and 13(g)
of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and any
and all regulations promulgated thereunder, and to file the same, with all
exhibits thereto, and any other documents in connection therewith, with the
Securities and Exchange Commission, and with any other entity when and if such
is mandated by the Exchange Act, granting unto said attorneys-in-fact and agents
full power and authority to do and perform each and every act and thing
necessary fully for all intents and purposes as he, she, or it might or could do
in person, thereby ratifying and confirming all that said attorneys-in-fact and
agents, or their substitute or substitutes, may lawfully do or cause to be done
by virtue hereof.
In evidence thereof the undersigned, being duly authorized, hereby
execute this Agreement on this 7th day of January 1998.
A Few Valuable Businesses Partnership
By: /s/ John M. Day
____________________________________(SEAL)
Name: John M. Day
_________________________________________
Title: Managing Partner
_________________________________________
<PAGE>
Team Partnership
By: /s/ John M. Day
____________________________________(SEAL)
Name: John M. Day
_________________________________________
Title: Managing Partner
_________________________________________
Capital Partner Investments Partnership
By: /s/ John M. Day
____________________________________(SEAL)
Name: John M. Day
_________________________________________
Title: Managing Partner
_________________________________________
Maynard Capital Partners, L.L.C.
By: /s/ John M. Day
____________________________________(SEAL)
Name: John M. Day
_________________________________________
Title: Managing Partner
_________________________________________
Investors Management Corporation
By: /s/ R. A. Urquhart
____________________________________(SEAL)
Name: R. A. Urquhart
_________________________________________
Title: Vice President
_________________________________________
2
<PAGE>
Maynard Trust
By: /s/ Connie M. Maynard
____________________________________(SEAL)
Name: Connie M. Maynard
_________________________________________
Title: Trustee
_________________________________________
/s/ John M. Day
__________________________________________(SEAL)
John M. Day
/s/ Gene T. Aman
__________________________________________(SEAL)
Gene T. Aman
/s/ James H. Maynard
__________________________________________(SEAL)
James H. Maynard
/s/ Ronald M. Barbee
__________________________________________(SEAL)
Ronald M. Barbee
3
