-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IahdqCDfuJLeciQoJg9MXYGrGggj+MqqB4bfXC9CwzBLP+iYFXxKtncCklPFp38x m7ZzcOQaBKlH1790LVavag== 0000930413-06-004351.txt : 20060601 0000930413-06-004351.hdr.sgml : 20060601 20060601144353 ACCESSION NUMBER: 0000930413-06-004351 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060601 DATE AS OF CHANGE: 20060601 GROUP MEMBERS: GRAND SLAM CAPITAL MASTER FUND, LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BofI Holding, Inc. CENTRAL INDEX KEY: 0001299709 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 330867444 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-81216 FILM NUMBER: 06879724 BUSINESS ADDRESS: STREET 1: 12777 HIGH BLUFF DRIVE STREET 2: SUITE #100 CITY: SAN DIEGO STATE: CA ZIP: 92130 BUSINESS PHONE: (858) 350-6200 MAIL ADDRESS: STREET 1: 12777 HIGH BLUFF DRIVE STREET 2: SUITE #100 CITY: SAN DIEGO STATE: CA ZIP: 92130 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Grand Slam Asset Management LLC CENTRAL INDEX KEY: 0001338287 IRS NUMBER: 233779105 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: ONE BRIDGE PLAZA, SUITE 355 CITY: FORT LEE STATE: NJ ZIP: 07024 BUSINESS PHONE: 201-346-4335 MAIL ADDRESS: STREET 1: ONE BRIDGE PLAZA, SUITE 355 CITY: FORT LEE STATE: NJ ZIP: 07024 SC 13G 1 c42995_sc13g.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* BOFI HOLDING, INC. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 05566U 10 8 - -------------------------------------------------------------------------------- (CUSIP Number) May 26, 2006 - -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: / / Rule 13d-1(b) /x/ Rule 13d-l(c) / / Rule 13d-l(d) *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 the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No.....................05566U 10 8 - -------------------------------------------------------------------------------- 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Grand Slam Asset Management, LLC; IRS # 22-3779105 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a member of a Group (See Instructions) (a) (a) |X| Joint Filing (b) |_| - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware, USA - -------------------------------------------------------------------------------- Number of Shares 5. Sole Voting Power 0 Beneficially Owned by Each ------------------------------------------------------- Reporting Person 6. Shared Voting Power 469,219 With: ------------------------------------------------------- 7. Sole Dispositive Power 0 ------------------------------------------------------- 8. Shared Dispositive Power 469,219 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 469,219 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) |_| - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 5.6%* - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IA - -------------------------------------------------------------------------------- * Based on 8,437,225 shares issued and outstanding as of April 30, 2006, as reported by the issuer in its Quarterly Report on Form 10-Q for the quarterly period ended on March 31, 2006. - -------------------------------------------------------------------------------- 2 CUSIP No.....................05566U 10 8 - -------------------------------------------------------------------------------- 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Grand Slam Master Fund, Ltd.; IRS # 20-0239056 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) |X| Joint Filing (b) |_| - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Cayman Islands - -------------------------------------------------------------------------------- Number of Shares 5. Sole Voting Power 0 Beneficially Owned by Each ------------------------------------------------------- Reporting Person 6. Shared Voting Power 469,219 With: ------------------------------------------------------- 7. Sole Dispositive Power 0 ------------------------------------------------------- 8. Shared Dispositive Power 469,219 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 469,219 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) |_| - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 5.6%* - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) OO - -------------------------------------------------------------------------------- * Based on 8,437,225 shares issued and outstanding as of April 30, 2006, as reported by the issuer in its Quarterly Report on Form 10-Q for the quarterly period ended on March 31, 2006. Item 1. (a) Name of the Issuer BOFI Holding, Inc. - -------------------------------------------------------------------------------- (b) Address of Issuer's Principal Executive Offices 12777 High Bluff Drive #100, San Diego, CA 92130 - -------------------------------------------------------------------------------- Item 2. (a) Name of Person Filing (i) Grand Slam Asset Management, LLC (ii) Grand Slam Capital Master Fund, Ltd. - -------------------------------------------------------------------------------- (b) Address of Principal Business Office, or if none, Residence (i) Grand Slam Asset Management LLC's principal business office is: One Bridge Plaza, Fort Lee, New Jersey 07024. (ii) Grand Slam Capital Master Fund, Ltd.'s principal business office is: c/o HSBC Bank, 36C Bermuda House, British American Center, Dr. Roy's Drive, PO Box 513GT, George Town, Grand Cayman, Cayman Islands, B.W.I. - -------------------------------------------------------------------------------- (c) Citizenship N/A - -------------------------------------------------------------------------------- (d) Title of Class of Securities Common Stock, par value $0.01 per share - -------------------------------------------------------------------------------- (e) CUSIP Number 05566U 10 8 - -------------------------------------------------------------------------------- Item 3. If this statement is filed pursuant to ss. 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: With respect to Grand Slam Asset Management, LLC: (a) |_| Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) |_| Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) |_| Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) |_| Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) |X| An investment adviser in accordance with ss.240.13d-1(b)(1)(ii)(E); (f) |_| An employee benefit plan or endowment fund in accordance with ss.240.13d-1(b)(1)(ii)(F); (g) |_| A parent holding company or control person in accordance with ss.240.13d- 1(b)(1)(ii)(G); (h) |_| A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) |_| A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) |_| Group, in accordance with ss.240.13d- 1(b)(1)(ii)(J); With respect to Grand Slam Capital Master Fund, Ltd.: Not Applicable. Item 4. Ownership. (a)-(b) Grand Slam Capital Master Fund, Ltd. holds 469,219 shares of Common Stock directly, representing approximately 5.6% of the aggregate number of shares of Common Stock outstanding. Grand Slam Asset Management, LLC serves as an investment advisor of Grand Slam Capital Master Fund, Ltd. and may be deemed to control, directly or indirectly, Grand Slam Capital Master Fund, Ltd. and to beneficially own the shares of Common Stock being reported by Grand Slam Capital Master Fund, Ltd. (c) GRAND SLAM ASSET MANAGEMENT, LLC (i) Sole power to vote or direct the vote: 0 shares. (ii) Shared power to vote or direct the vote of 469,219 shares (iii) Sole power to dispose or to direct the disposition of 0 shares. (iv) Shared power to dispose or to direct the disposition of 469,219 shares. GRAND SLAM CAPITAL MASTER FUND, LTD. (i) Sole power to vote or direct the vote: 0 shares. (ii) Shared power to vote or direct the vote of 469,219 shares (iii) Sole power to dispose or to direct the disposition of 0 shares. (iv) Shared power to dispose or to direct the disposition of 469,219 shares. Item 5. Ownership of Five Percent or Less of a Class. Not Applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not Applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not Applicable. Item 8. Identification and Classification of Members of the Group. Not Applicable. Item 9. Notice of Dissolution of Group. Not Applicable. Item 10. Certification. By signing below we certify that, to the best of our knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Date: June 1, 2006 Grand Slam Asset Management, LLC By: /s/ Mitchell Sacks --------------------------------------------- Name: Mitchell Sacks Title: Member Grand Slam Capital Master Fund, Ltd. By: /s/ Mitchell Sacks --------------------------------------------- Name: Mitchell Sacks Title: Director EXHIBIT INDEX Exhibit 99.1: Joint Filing Agreement, between Grand Slam Asset Management, LLC and Grand Slam Capital Master Fund, Ltd, dated June 1, 2006. EXHIBIT 1 TO SCHEDULE 13G JOINT FILING AGREEMENT The undersigned agree that this Schedule 13G, dated June 1, 2006, relating to the Common Stock of BOFI Holding, Inc., shall be filed on behalf of the undersigned. Dated: June 1, 2006 Grand Slam Asset Management, LLC By: /s/ Mitchell Sacks ---------------------------------------------- Name: Mitchell Sacks Title: Member Grand Slam Capital Master Fund, Ltd. By: /s/ Mitchell Sacks ---------------------------------------------- Name: Mitchell Sacks Title: Director -----END PRIVACY-ENHANCED MESSAGE-----