UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
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)
September 11, 1998
-------------------------------------------------
(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 ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box [ ].
*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 22 Pages
- ---------------------------------- ---------------------------------
- --------------------------------------------------------------------------------
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 7 SOLE VOTING POWER
SHARES 206,010
-------------------------------------------------------------------
BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER
EACH 0
-------------------------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH 206,010
-------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
206,010
- --------------------------------------------------------------------------------
12 CHECK BOX IF THAT AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- ---------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 3 of 22 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 7 SOLE VOTING POWER
SHARES 21,765
-------------------------------------------------------------------
BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER
EACH 0
-------------------------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH 21,765
-------------------------------------------------------------------
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 22 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 7 SOLE VOTING POWER
SHARES 286,000
-------------------------------------------------------------------
BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER
EACH 0
-------------------------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH 286,000
-------------------------------------------------------------------
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 22 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 7 SOLE VOTING POWER
SHARES 50,265
-------------------------------------------------------------------
BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER
EACH 629,510
-------------------------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH 50,265
-------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
629,510
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
679,775
- --------------------------------------------------------------------------------
12 CHECK BOX IF THAT AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.5%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- ---------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page of 22 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 7 SOLE VOTING POWER
SHARES 423,500
-------------------------------------------------------------------
BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER
EACH 0
-------------------------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH 423,500
-------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
423,500
- --------------------------------------------------------------------------------
12 CHECK BOX IF THAT AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- ---------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 7 of 22 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 7 SOLE VOTING POWER
SHARES 0
-------------------------------------------------------------------
BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER
EACH 629,510
-------------------------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
-------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
629,510
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
629,510
- --------------------------------------------------------------------------------
12 CHECK BOX IF THAT AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.8%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- ---------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 8 of 22 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 7 SOLE VOTING POWER
SHARES 11,950
-------------------------------------------------------------------
BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER
EACH 0
-------------------------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH 11,950
-------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,950
- --------------------------------------------------------------------------------
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 22 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 7 SOLE VOTING POWER
SHARES 2,000
-------------------------------------------------------------------
BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER
EACH 629,510
-------------------------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH 2,000
-------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
629,510
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
631,510
- --------------------------------------------------------------------------------
12 CHECK BOX IF THAT AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.8%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- ---------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 10 of 22 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 7 SOLE VOTING POWER
SHARES 2,000
-------------------------------------------------------------------
BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER
EACH 0
-------------------------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH 2,000
-------------------------------------------------------------------
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 22 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 7 SOLE VOTING POWER
SHARES 0
-------------------------------------------------------------------
BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER
EACH 423,500
-------------------------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
-------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
423,500
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
423,500
- --------------------------------------------------------------------------------
12 CHECK BOX IF THAT AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
- ---------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 12 of 22 Pages
- ---------------------------------- ---------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OF ABOVE PERSON
Worthy Companies 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 7 SOLE VOTING POWER
SHARES 137,500
-------------------------------------------------------------------
BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER
EACH 0
-------------------------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH 137,500
-------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
137,500
- --------------------------------------------------------------------------------
12 CHECK BOX IF THAT AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 13 of 22 Pages
- ---------------------------------- ---------------------------------
INTRODUCTION
Pursuant to Rule 13d-2(a) of Regulation 13D-G of the General Rules and
Regulations under the Securities Exchange Act of 1934, as amended (the "Act"),
the undersigned (the "Reporting Persons") hereby amend their Schedule 13D
Statement dated January 8, 1998, as amended on August 14, 1998 (the "Schedule
13D"), relating to the Common Stock, par value $.01 per share, of Logan's
Roadhouse, Inc. Unless otherwise indicated, all defined terms used herein shall
have the same meanings ascribed to them in the Schedule 13D. The Reporting
Persons consist 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. ("MCP"), a North Carolina limited liability
company and the managing partner of each of Capital Partners and Worthy
Companies Partnership; 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; Ronald M. Barbee, a managing partner of MCP ("Mr. Barbee");
and Worthy Companies Partnership, a North Carolina general partnership.
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., a Tennessee 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.
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
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 14 of 22 Pages
- ---------------------------------- ---------------------------------
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
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
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 15 of 22 Pages
- ---------------------------------- ---------------------------------
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
11. Name: Worthy Companies Partnership
Business Address: 5151 Glenwood Avenue, Raleigh, NC 27612
Present Principal Employment: invest in securities of privately
and publicly held companies
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.
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 16 of 22 Pages
- ---------------------------------- ---------------------------------
The executive officers and directors of Investors Management Corporation are as
follows:
Name Position
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
Richard A. Urquhart III Vice President-Finance, and
Secretary
Doris F. Baldwin Assistant Secretary
Robert B. Heyward Assistant Secretary
Mark E. Burling Assistant Secretary
Wayman O. Leftwich, Jr. Director
Paul A. DelaCourt Director
Ira J. Hechler Director
Louis W. Sewell Director
(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, Urquhart, Baldwin, Heyward
and Burling are employed at Investors Management Corporation in
the capacities described above. Mr. Leftwich is a retired IMC
executive. 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.
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.
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 17 of 22 Pages
- ---------------------------------- ---------------------------------
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
No material change.
ITEM 4. PURPOSE OF TRANSACTION
No material change.
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
Beneficially Beneficially Owned Aggregate No. Percentaally
Owned with with Shared Voting of Shares of Shares
Sole Voting and and Dispositive Beneficially Beneficially
Name Dispositive Power Power Owned Owned*
---- ----------------- ----- ----- ------
<S> <C>
A Few Valuable Business
Partnership (AFVBP) 206,010 0 206,010 2.9%
Team Partnership 21,765 0 21,765 0.3%
Capital Partner Investments
Partnership 286,000 0 286,000 4.0%
John M. Day 50,265 (1) 629,510 (2) 679,775 9.5%
Maynard Capital Partners,
L.L.C. (MCP) 423,500 (3) 0 423,500 5.9%
Investors Management
Corporation (IMC) 0 629,510 (4) 629,510 8.8%
Ronald M. Barbee 0 423,500 (5) 423,500 5.9%
Gene T. Aman 11,950 0 11,950 **
James Maynard 2,000 (6) 629,510 (7) 631,510 8.8%
Maynard Trust 2,000 0 2,000 **
Worthy Companies Partnership 137,500 137,500 1.9%
-------- -----
Group Totals 693,725 9.6%
</TABLE>
- ------------------------------
* The percentage figures assume that the Issuer has outstanding 7,190,401
shares of Common Stock, as reported in the Issuer's Quarterly Report on
Form 10-Q for the quarterly period ended July 12, 1998.
** Less than one-tenth of one percent.
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 18 of 22 Pages
- ---------------------------------- ---------------------------------
(1) Includes the 21,765 shares held of record by Team Partnership, of which
Mr. Day is the managing General Partner.
(2) Includes the 206,010 shares held of record by AFVBP, of which Mr. Day is a
co-managing General Partner, and the 286,000 and the 137,500 shares held
of record by Capital Partner Investments Partnership and Worthy Companies
Partnership, respectively, with respect to each 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 and Worthy Companies Partnership, with respect to each of
which MCP is the managing General Partner.
(4) Includes the 206,010 shares held of record by AFVBP, of which IMC is a
co-managing General Partner, and the 286,000 and the 137,500 shares held
of record by Capital Partner Investments Partnership and Worthy Companies
Partnership, respectively, with respect to each of which IMC is a
co-managing General Partner of the managing General Partner, MCP.
(5) Includes the 286,000 and 137,500 shares held of record by Capital Partner
Investments Partnership and Worthy Companies Partnership, respectively,
with respect to each 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.
(7) Includes the 206,010 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 and the 137,500 shares held of record by Capital Partner
Investments Partnership and Worthy Companies Partnership, respectively,
with respect to each 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 by the Reporting Persons since their most
recent filing on August 14, 1998:
(i) Worthy Companies Partnership
Avg.
Cost
Shares Trade Per
Broker Acquired Date Share Total Cost
------------------------ ---------- --------- --------- -----------
Wheat First Securities 30,000 8/28/98 $18.19 $545,625
Wheat First Securities 5,000 8/28/98 16.25 81,250
Wheat First Securities 10,000 8/28/98 16.50 165,000
Wheat First Securities 5,000 9/01/98 18.25 91,250
Legg Mason 5,000 9/08/98 18.19 91,237
Legg Mason 3,000 9/10/98 17.00 51,180
Legg Mason 27,000 9/11/98 16.75 453,870
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 19 of 22 Pages
- ---------------------------------- ---------------------------------
(ii) John M. Day
Sale
Shares Price
Disposed Trade Per
Broker of Date Share Total
------------------------ ---------- --------- --------- -----------
Wheat First Securities 2,000 8/20/98 $22.37 $44,742
Wheat First Securities 2,000 8/20/98 22.00 43,998
Wheat First Securities 5,000 8/24/98 21.87 109,365
(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
None.
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 20 of 22 Pages
- ---------------------------------- ---------------------------------
After reasonable inquiry and to the best of the undersigned's knowledge
and belief, each of the undersigned certifies that the information set forth in
this statement is true, complete and correct.
Dated: September 15, 1998
A Few Valuable Businesses Partnership
By: /s/ John M. Day (SEAL)
----------------------------------------
John M. Day,
Managing Partner
Team Partnership
By:/s/ John M. Day (SEAL)
----------------------------------------
John M. Day,
Managing Partner
Capital Partner Investments Partnership
By: /s/ John M. Day (SEAL)
----------------------------------------
John M. Day,
Managing Partner
Maynard Capital Partners, L.L.C.
By: /s/ John M. Day (SEAL)
----------------------------------------
John M. Day,
Managing Partner
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 21 of 22 Pages
- ---------------------------------- ---------------------------------
Investors Management Corporation
By: /s/ John M. Day
----------------------------------------
John M. Day,
Attorney-in-Fact(1)
Maynard Trust
By: /s/ John M. Day
----------------------------------------
John M. Day,
Attorney-in-Fact(1)
/s/ John M. Day (SEAL)
----------------------------------------
John M. Day
/s/ Gene T. Aman (SEAL)
----------------------------------------
Gene T. Aman
James Maynard
By: /s/ John M. Day (SEAL)
---------------------------------
John M. Day,
Attorney-in-Fact(1)
Ronald M. Barbee
By: /s/ John M. Day (SEAL)
----------------------------------------
John M. Day,
Attorney-in-Fact(1)
- ----------
1 A power of attorney authorizing Mr. Day to act on behalf of certain of the
Reporting Persons for the purpose of complying with Sections 13(d) and 13(g)
of the Act previously has been filed with the Securities and Exchange
Commission.
<PAGE>
- ---------------------------------- ---------------------------------
CUSIP No. 541198 10 7 Page 22 of 22 Pages
- ---------------------------------- ---------------------------------
Worthy Companies Partnership
By: /s/ John M. Day (SEAL)
---------------------------------
John M. Day,
Managing Partner
