-----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, L/urvtSRnXSilyTvCj09EgyIsveO4WPsfvaDZYKvr8FmRwovsiySCBldPuhLBGmJ kX00PzefxjJumagpiyKLeg== 0001193125-07-159872.txt : 20070723 0001193125-07-159872.hdr.sgml : 20070723 20070723170419 ACCESSION NUMBER: 0001193125-07-159872 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070723 DATE AS OF CHANGE: 20070723 GROUP MEMBERS: ANITA F. LARSON GROUP MEMBERS: BROOKE HOLDINGS, INC. GROUP MEMBERS: KYLE L. GARST GROUP MEMBERS: LELAND G ORR GROUP MEMBERS: MAX HOLLMES GROUP MEMBERS: MICHAEL S. LOWRY GROUP MEMBERS: PLAINFIELD ACCEPTANCE LLC GROUP MEMBERS: PLAINFIELD ASSET MANAGEMENT LLC. GROUP MEMBERS: PLAINFIELD SPECIAL SITUATIONS MASTER FUND LIMITED GROUP MEMBERS: ROBERT D. ORR SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Brooke Credit CORP CENTRAL INDEX KEY: 0001325823 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 202679740 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-80880 FILM NUMBER: 07994217 BUSINESS ADDRESS: STREET 1: 33 BLOOMFIELD HILLS PARKWAY STREET 2: SUITE 240 CITY: BLOOMFIELD HILLS STATE: MI ZIP: 48304 BUSINESS PHONE: 248-220-2001 MAIL ADDRESS: STREET 1: 33 BLOOMFIELD HILLS PARKWAY STREET 2: SUITE 240 CITY: BLOOMFIELD HILLS STATE: MI ZIP: 48304 FORMER COMPANY: FORMER CONFORMED NAME: Brooke Credit Corp. DATE OF NAME CHANGE: 20070718 FORMER COMPANY: FORMER CONFORMED NAME: Oakmont Acquisition Corp. DATE OF NAME CHANGE: 20050502 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BROOKE CORP CENTRAL INDEX KEY: 0000834408 STANDARD INDUSTRIAL CLASSIFICATION: INSURANCE AGENTS BROKERS & SERVICES [6411] IRS NUMBER: 481009756 STATE OF INCORPORATION: KS FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 205 F STREET 2ND FLOOR CITY: PHILLIPSBURG STATE: KS ZIP: 67661 MAIL ADDRESS: STREET 1: P O BOX 412008 CITY: KANSAS CITY STATE: MO ZIP: 64141-2008 SC 13D/A 1 dsc13da.htm AMENDMENT NUMBER 5 TO SCHEDULE 13D Amendment number 5 to Schedule 13D

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934

(Amendment No. 5)*

 

 

 

BROOKE CREDIT CORPORATION


(Name of Issuer)

 

Common Stock, par value $0.01 per share


(Title of Class of Securities)

 

11252N101


(CUSIP Number)

 

Anita F. Larson

President and Chief Operating Officer

Brooke Corporation

10950 Grandview Drive, Suite 600

Overland Park, Kansas 66210

(913) 661-0123

with a copy to:

Steven Segaloff

Senior Vice President

and

Deputy General Counsel

Plainfield Asset Management LLC

55 Railroad Avenue

Greenwich, CT 06830

Tel. (203) 302 - 1766


(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

July 18, 2007


(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 §240.13d-1(e), 240.13d-1(f) or 240.13d-(1)(g), check the following box  ¨.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


CUSIP No. 11252N101    SCHEDULE 13D   

 

  1  

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

   
   

            BROOKE CORPORATION

            48-1009756

   
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (*)  
  (a)  x  
    (b)  ¨    
  3   SEC USE ONLY  
         
  4   SOURCE OF FUNDS  
                Not applicable    
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)   ¨
         
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
                United States (Kansas)    
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
    7  SOLE VOTING POWER
 
                  15,967,444
    8  SHARED VOTING POWER
 
                  0
    9  SOLE DISPOSITIVE POWER
 
                  15,967,444
  10  SHARED DISPOSITIVE POWER
 
                  0
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    
                15,967,444    
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES   ¨
         
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
                62.1    
14   TYPE OF REPORTING PERSON  
                CO    

 

(*) The Reporting Persons on this Schedule 13D may be deemed to constitute a group and therefore each Reporting Person may be deemed to beneficially own the Issuer’s securities that are held by all of the Reporting Persons. Each Reporting Person disclaims beneficial ownership of securities held by each other Reporting Person and we refer you to Item 5 hereof for a more detailed discussion of the holdings of Issuer’s securities by the Reporting Persons.

 

- 2 -


CUSIP No. 11252N101      

 

  1  

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

   
   

            BROOKE HOLDINGS, INC.

            48-1058710

   
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *  
  (a)  x  
    (b)  ¨    
  3   SEC USE ONLY  
         
  4   SOURCE OF FUNDS  
                Not applicable    
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)   ¨
         
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
                United States (Kansas)    
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
    7  SOLE VOTING POWER
 
                  0
    8  SHARED VOTING POWER
 
                  15,967,444
    9  SOLE DISPOSITIVE POWER
 
                  0
  10  SHARED DISPOSITIVE POWER
 
                  15,967,444
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    
                15,967,444    
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES   ¨
         
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
                62.1    
14   TYPE OF REPORTING PERSON  
                CO    

 

(*) The Reporting Persons on this Schedule 13D may be deemed to constitute a group and therefore each Reporting Person may be deemed to beneficially own the Issuer’s securities that are held by all of the Reporting Persons. Each Reporting Person disclaims beneficial ownership of securities held by each other Reporting Person and we refer you to Item 5 hereof for a more detailed discussion of the holdings of Issuer’s securities by the Reporting Persons.

 

- 3 -


CUSIP No. 11252N101      

 

  1  

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

   
                ROBERT D. ORR    
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *  
  (a)  x  
    (b)  ¨    
  3   SEC USE ONLY  
         
  4   SOURCE OF FUNDS  
                Not applicable    
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)   ¨
         
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
                United States    
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
    7  SOLE VOTING POWER
 
                  0
    8  SHARED VOTING POWER
 
                  15,967,444
    9  SOLE DISPOSITIVE POWER
 
                  0
  10  SHARED DISPOSITIVE POWER
 
                  15,967,444
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    
                0 (This Reporting Person disclaims beneficial ownership of any shares)    
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES   ¨
         
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
                0.0    
14   TYPE OF REPORTING PERSON  
                IN    

 

(*) The Reporting Persons on this Schedule 13D may be deemed to constitute a group and therefore each Reporting Person may be deemed to beneficially own the Issuer’s securities that are held by all of the Reporting Persons. Each Reporting Person disclaims beneficial ownership of securities held by each other Reporting Person and we refer you to Item 5 hereof for a more detailed discussion of the holdings of Issuer’s securities by the Reporting Persons.

 

- 4 -


CUSIP No. 11252N101      

 

  1  

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

   
                LELAND G. ORR    
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *  
  (a)  x  
    (b)  ¨    
  3   SEC USE ONLY  
         
  4   SOURCE OF FUNDS  
                Not applicable    
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)   ¨
         
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
                United States    
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
    7  SOLE VOTING POWER
 
                  0
    8  SHARED VOTING POWER
 
                  15,967,444
    9  SOLE DISPOSITIVE POWER
 
                  0
  10  SHARED DISPOSITIVE POWER
 
                  15,967,444
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    
                0 (This Reporting Person disclaims beneficial ownership of any shares)    
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES   ¨
         
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
                0.0    
14   TYPE OF REPORTING PERSON  
                IN    

 

(*) The Reporting Persons on this Schedule 13D may be deemed to constitute a group and therefore each Reporting Person may be deemed to beneficially own the Issuer’s securities that are held by all of the Reporting Persons. Each Reporting Person disclaims beneficial ownership of securities held by each other Reporting Person and we refer you to Item 5 hereof for a more detailed discussion of the holdings of Issuer’s securities by the Reporting Persons.

 

- 5 -


CUSIP No. 11252N101      

 

  1  

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

   
                MICHAEL S. LOWRY    
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *  
  (a)  x  
    (b)  ¨    
  3   SEC USE ONLY  
         
  4   SOURCE OF FUNDS  
                Not applicable    
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)   ¨
         
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
                United States    
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
    7  SOLE VOTING POWER
 
                  756,821
    8  SHARED VOTING POWER
 
                  15,967,444
    9  SOLE DISPOSITIVE POWER
 
                  756,821
  10  SHARED DISPOSITIVE POWER
 
                  15,967,444
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    
                756,821    
12   CHECK BOX IF THE 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  
                IN    

 

(*) The Reporting Persons on this Schedule 13D may be deemed to constitute a group and therefore each Reporting Person may be deemed to beneficially own the Issuer’s securities that are held by all of the Reporting Persons. Each Reporting Person disclaims beneficial ownership of securities held by each other Reporting Person and we refer you to Item 5 hereof for a more detailed discussion of the holdings of Issuer’s securities by the Reporting Persons.

 

- 6 -


CUSIP No. 11252N101      

 

  1  

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

   
                ANITA F. LARSON    
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *  
  (a)  x  
    (b)  ¨    
  3   SEC USE ONLY  
         
  4   SOURCE OF FUNDS  
                Not applicable    
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)   ¨
         
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
                United States    
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
    7  SOLE VOTING POWER
 
                  437,881
    8  SHARED VOTING POWER
 
                  15,967,444
    9  SOLE DISPOSITIVE POWER
 
                  437,881
  10  SHARED DISPOSITIVE POWER
 
                  15,967,444
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    
                437,881    
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES   ¨
         
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
                1.7    
14   TYPE OF REPORTING PERSON  
                IN    

 

(*) The Reporting Persons on this Schedule 13D may be deemed to constitute a group and therefore each Reporting Person may be deemed to beneficially own the Issuer’s securities that are held by all of the Reporting Persons. Each Reporting Person disclaims beneficial ownership of securities held by each other Reporting Person and we refer you to Item 5 hereof for a more detailed discussion of the holdings of Issuer’s securities by the Reporting Persons.

 

- 7 -


CUSIP No. 11252N101      

 

  1  

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

   
                KYLE L. GARST    
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *  
  (a)  x  
    (b)  ¨    
  3   SEC USE ONLY  
         
  4   SOURCE OF FUNDS  
                Not applicable    
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)   ¨
         
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
                United States    
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
    7  SOLE VOTING POWER
 
                  0
    8  SHARED VOTING POWER
 
                  15,967,444
    9  SOLE DISPOSITIVE POWER
 
                  0
  10  SHARED DISPOSITIVE POWER
 
                  15,967,444
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    
                0 (This Reporting Person disclaims beneficial ownership of any shares)    
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES   ¨
         
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
                0.0    
14   TYPE OF REPORTING PERSON  
                IN    

 

(*) The Reporting Persons on this Schedule 13D may be deemed to constitute a group and therefore each Reporting Person may be deemed to beneficially own the Issuer’s securities that are held by all of the Reporting Persons. Each Reporting Person disclaims beneficial ownership of securities held by each other Reporting Person and we refer you to Item 5 hereof for a more detailed discussion of the holdings of Issuer’s securities by the Reporting Persons.

 

- 8 -


CUSIP No. 11252N101    SCHEDULE 13D   

 

  1  

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

   
                PLAINFIELD SPECIAL SITUATIONS MASTER FUND LIMITED    
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (*)  
  (a)  x  
    (b)  ¨    
  3   SEC USE ONLY  
         
  4   SOURCE OF FUNDS  
                Not applicable    
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)   ¨
         
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
                Cayman Islands    
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
    7  SOLE VOTING POWER
 
                  4,198,200
    8  SHARED VOTING POWER
 
                  0
    9  SOLE DISPOSITIVE POWER
 
                  4,640,220
  10  SHARED DISPOSITIVE POWER
 
                  0
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    
                4,640,220    
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES   ¨
         
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
                18.0%    
14   TYPE OF REPORTING PERSON  
                00    

 

(*) The Reporting Persons on this Schedule 13D may be deemed to constitute a group and therefore each Reporting Person may be deemed to beneficially own the Issuer’s securities that are held by all of the Reporting Persons. Each Reporting Person disclaims beneficial ownership of securities held by each other Reporting Person and we refer you to Item 5 hereof for a more detailed discussion of the holdings of Issuer’s securities by the Reporting Persons.

 

- 9 -


CUSIP No. 11252N101      

 

  1  

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

   
                PLAINFIELD ASSET MANAGEMENT LLC    
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *  
  (a)  x  
    (b)  ¨    
  3   SEC USE ONLY  
         
  4   SOURCE OF FUNDS  
                Not applicable    
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)   ¨
         
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
                Delaware    
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
    7  SOLE VOTING POWER
 
                  4,198,220
    8  SHARED VOTING POWER
 
                  0
    9  SOLE DISPOSITIVE POWER
 
                  4,640,220
  10  SHARED DISPOSITIVE POWER
 
                  0
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    
                4,640,220    
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES   ¨
         
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
                18.0%    
14   TYPE OF REPORTING PERSON  
                00    

 

(*) The Reporting Persons on this Schedule 13D may be deemed to constitute a group and therefore each Reporting Person may be deemed to beneficially own the Issuer’s securities that are held by all of the Reporting Persons. Each Reporting Person disclaims beneficial ownership of securities held by each other Reporting Person and we refer you to Item 5 hereof for a more detailed discussion of the holdings of Issuer’s securities by the Reporting Persons.

 

- 10 -


CUSIP No. 11252N101    SCHEDULE 13D   

 

  1  

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

   
                MAX HOLMES    
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (*)  
  (a)  x  
    (b)  ¨    
  3   SEC USE ONLY  
         
  4   SOURCE OF FUNDS  
                Not applicable    
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)   ¨
         
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
                United States    
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
    7  SOLE VOTING POWER
 
                  4,198,220
    8  SHARED VOTING POWER
 
                  0
    9  SOLE DISPOSITIVE POWER
 
                  4,640,220
  10  SHARED DISPOSITIVE POWER
 
                  0
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    
                4,640,220    
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES   ¨
         
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
                18.0%    
14   TYPE OF REPORTING PERSON  
                IN    

 

(*) The Reporting Persons on this Schedule 13D may be deemed to constitute a group and therefore each Reporting Person may be deemed to beneficially own the Issuer’s securities that are held by all of the Reporting Persons. Each Reporting Person disclaims beneficial ownership of securities held by each other Reporting Person and we refer you to Item 5 hereof for a more detailed discussion of the holdings of Issuer’s securities by the Reporting Persons.

 

- 11 -


CUSIP No. 11252N101    SCHEDULE 13D   

 

  1  

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

   
                PLAINFIELD ACCEPTANCE LLC    
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (*)  
  (a)  x  
    (b)  ¨    
  3   SEC USE ONLY  
         
  4   SOURCE OF FUNDS  
                WC    
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)   ¨
         
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
                Delaware    
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
    7  SOLE VOTING POWER
 
                  4,198,220
    8  SHARED VOTING POWER
 
                  0
    9  SOLE DISPOSITIVE POWER
 
                  4,640,220
  10  SHARED DISPOSITIVE POWER
 
                  0
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    
                4,640,220    
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES   ¨
         
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
                18.0%    
14   TYPE OF REPORTING PERSON  
                00    

 

(*) The Reporting Persons on this Schedule 13D may be deemed to constitute a group and therefore each Reporting Person may be deemed to beneficially own the Issuer’s securities that are held by all of the Reporting Persons. Each Reporting Person disclaims beneficial ownership of securities held by each other Reporting Person and we refer you to Item 5 hereof for a more detailed discussion of the holdings of Issuer’s securities by the Reporting Persons.

 

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Item 1. Security and Issuer.

The class of equity securities to which this Amendment No. 5 to Statement on Schedule 13D relates is the common stock, par value $0.01 per share, of Brooke Credit Corporation, a Delaware corporation (the “Company”). The principal executive offices of the Company are located at 10950 Grandview Drive, Suite 600, Overland Park, Kansas 66210.

Only Items 2 and 5 are amended hereby.

Item 2. Identity and Background.

This Amendment No. 5 is being filed to reflect:

(a) the adjusted share ownership of the Reporting Persons following the consummation on July 18, 2007 of the merger (the “Merger”) of Brooke Credit Corporation, a Kansas corporation, with and into Oakmont Acquisition Corp., a Delaware corporation (“Oakmont”) and the renaming of Oakmont as Brooke Credit Corporation,

(b) the fact that Robert J. Skandalaris, Michael C. Azar, David J. Langevin, QVM Oakmont Services LLC and KrisLee & Associates LLC are no longer members of a Section 13(d) group with each other or with Brooke Corporation, Brooke Holdings, Inc., Robert D. Orr, Leland G. Orr, Michael S. Lowry, Anita F. Larson, Kyle L. Garst, Plainfield Special Situation Master Fund Limited, Plainfield Asset Management LLC, Max Holmes, or Plainfield Acceptance LLC, and

(c) the exercise on July 19, 2007 of an option held by Plainfield Acceptance LLC to purchase warrants to purchase 442,000 shares of the Company’s common stock.

 

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Item 5. Interest in Securities of the Issuer.

The aggregate percentage of shares of Common Stock reported owned by the Reporting Persons herein is based upon 25,722,898 shares of Common Stock outstanding as of July 18, 2007.

 

I. Brooke Corporation

 

  (a). Aggregate Number and Percentage of Common Stock Beneficially Owned:

15,967,444

 

  (b). Number of shares of Common Stock over which the Reporting Person has

 

  (i) sole power to vote or direct the vote:

15,967,444

 

  (ii) shared power to vote or direct the vote:

0

 

  (iii) sole power to dispose or direct the disposition of:

15,967,444

 

  (iv) shared power to dispose or direct the disposition of:

0

 

  (c). Except for shares received in the Merger and as previously reported on prior amendments to this statement on Schedule 13D, this Reporting Person has not effected any transactions involving the Common Stock of the Company during the past sixty days.

 

  (d). Not applicable.

 

  (e). Not applicable.

 

II. Brooke Holdings, Inc.

 

  (a). Aggregate Number and Percentage of Common Stock Beneficially Owned: 15,967,444

 

  (b). Number of shares of Common Stock over which the Reporting Person has

 

  (i) sole power to vote or direct the vote:

0

 

  (ii) shared power to vote or direct the vote:

15,967,444

 

  (iii) sole power to dispose or direct the disposition of:

 

0

 

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  (iv) shared power to dispose or direct the disposition of:

15,967,444

 

  (c). This Reporting Person has not effected any transactions involving the Common Stock of the Company during the past sixty days.

 

  (d). Not applicable.

 

  (e). Not applicable.

 

III. Robert D. Orr

 

  (a). Aggregate Number and Percentage of Common Stock Beneficially Owned: 0

 

  (b). Number of shares of Common Stock over which the Reporting Person has

 

  (i) sole power to vote or direct the vote:

0

 

  (ii) shared power to vote or direct the vote:

15,967,444

 

  (iii) sole power to dispose or direct the disposition of:

0

 

  (iv) shared power to dispose or direct the disposition of:

15,967,444

 

  (c). This Reporting Person has not effected any transactions involving the Common Stock of the Company during the past sixty days.

 

  (d). Not applicable.

 

  (e). Not applicable.

 

IV. Leland G. Orr

 

  (a). Aggregate Number and Percentage of Common Stock Beneficially Owned: 0

 

  (b). Number of shares of Common Stock over which the Reporting Person has

 

  (i) sole power to vote or direct the vote:

0

 

  (ii) shared power to vote or direct the vote:

15,967,444

 

  (iii) sole power to dispose or direct the disposition of:

0

 

  (iv) shared power to dispose or direct the disposition of:

15,967,444

 

  (c). This Reporting Person has not effected any transactions involving the Common Stock of the Company during the past sixty days.

 

  (d). Not applicable.

 

  (e). Not applicable.

 

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V. Michael S. Lowry

 

  (a). Aggregate Number and Percentage of Common Stock Beneficially Owned: 2.9

 

  (b). Number of shares of Common Stock over which the Reporting Person has

 

  (i) sole power to vote or direct the vote:

756,821

 

  (ii) shared power to vote or direct the vote:

15,967,444

 

  (iii) sole power to dispose or direct the disposition of:

756,821

 

  (iv) shared power to dispose or direct the disposition of:

15,967,444

  (c). Except for shares received in the Merger and as previously reported on prior amendments to this statement on Schedule 13D, this Reporting Person has not effected any transactions involving Common Stock or any other Company Securities during the past sixty days.

 

  (d). Not applicable.

 

  (e). Not applicable.

 

VI. Anita F. Larson

 

  (a). Aggregate Number and Percentage of Common Stock Beneficially Owned: 1.7

 

  (b). Number of shares of Common Stock over which the Reporting Person has

 

  (i) sole power to vote or direct the vote:

437,881

 

  (ii) shared power to vote or direct the vote:

15,967,444

 

  (iii) sole power to dispose or direct the disposition of:

437,881

 

  (iv) shared power to dispose or direct the disposition of:

15,967,444

 

  (c). Except for shares received in the Merger and as previously reported on prior amendments to this statement on Schedule 13D, this Reporting Person has not effected any transactions involving Common Stock or any other Company Securities during the past sixty days.

 

  (d). Not applicable.

 

  (e). Not applicable.

 

VII. Kyle L. Garst

 

  (a). Aggregate Number and Percentage of Common Stock Beneficially Owned: 0

 

  (b). Number of shares of Common Stock over which the Reporting Person has

 

  (i) sole power to vote or direct the vote:

0

 

  (ii) shared power to vote or direct the vote:

15,967,444

 

  (iii) sole power to dispose or direct the disposition of:

0

 

  (iv) shared power to dispose or direct the disposition of:

15,967,444

 

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  (c). This Reporting Person has not effected any transactions involving the Common Stock of the Company during the past sixty days.

 

  (d). Not applicable.

 

  (e). Not applicable.

 

- 17 -


 

VIII. Plainfield Special Situations Master Fund Limited

 

  (a). Aggregate Number and Percentage of Common Stock Beneficially Owned: 18.0%

 

  (b). Number of shares of Common Stock over which the Reporting Person has

 

  (i) sole power to vote or direct the vote: 4,198,220

 

  (ii) shared power to vote or direct the vote: 0

 

  (iii) sole power to dispose or direct the disposition of: 4,640,220

 

  (iv) shared power to dispose or direct the disposition of: 0

 

  (c). Not applicable.

 

  (d). Not applicable.

 

  (e). Not applicable.

 

IX. Plainfield Asset Management LLC

 

  (a). Aggregate Number and Percentage of Common Stock Beneficially Owned: 18.0%

 

  (b). Number of shares of Common Stock over which the Reporting Person has

 

  (i) sole power to vote or direct the vote: 4,198,220

 

  (ii) shared power to vote or direct the vote: 0

 

  (iii) sole power to dispose or direct the disposition of: 4,640,220

 

  (iv) shared power to dispose or direct the disposition of: 0

 

  (c). Not applicable.

 

  (d). Not applicable.

 

  (e). Not applicable.

 

X. Max Holmes

 

  (a). Aggregate Number and Percentage of Common Stock Beneficially Owned: 18.0%

 

  (b). Number of shares of Common Stock over which the Reporting Person has

 

  (i) sole power to vote or direct the vote: 4,198,220

 

  (ii) shared power to vote or direct the vote: 0

 

  (iii) sole power to dispose or direct the disposition of: 4,640,220

 

  (iv) shared power to dispose or direct the disposition of: 0

 

  (c). Not applicable.

 

  (d). Not applicable.

 

  (e). Not applicable.

 

XI. Plainfield Acceptance LLC

 

  (a). Aggregate Number and Percentage of Common Stock Beneficially Owned: 18.0%

 

  (b). Number of shares of Common Stock over which the Reporting Person has

 

  (i) sole power to vote or direct the vote: 4,198,220

 

  (ii) shared power to vote or direct the vote: 0

 

  (iii) sole power to dispose or direct the disposition of: 4,640,220

 

  (iv) shared power to dispose or direct the disposition of: 0

 

  (c). During the past 60 days, this Reporting Person effected the following transactions involving securities of Oakmont:

 

   

Purchased 437,400 shares of Common Stock in the open market for $5.79 on July 10, 2007.

 

   

Purchased 3,720,860 shares of Common Stock in the open market for $5.80 on July 9, 2007.

 

   

Acquired the Common Stock Option, previously reported in Item 4.

 

   

Acquired the Warrant Option, as previously reported in Item 4.

 

   

Exercised the Warrant Option to acquire 442,000 warrants to purchase shares of Common Stock at an exercise price of $0.75 per warrant on July 19, 2007.

 

  (d). Not applicable.

 

  (e). Not applicable.

Each Reporting Person expressly disclaims ownership of any shares of Common Stock owned by each other Reporting Person.

 

- 18 -


Signature

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: July 20, 2007

 

BROOKE CORPORATION
By:  

/s/ ANITA F. LARSON

Name:   Anita F. Larson
Title:   President and Chief Operating Officer
BROOKE HOLDINGS, INC.
By:  

/s/ ANITA F. LARSON

Name:   Anita F. Larson
Title:   Authorized Signer
By:  

/s/ ROBERT D. ORR

  Robert D. Orr
By:  

/s/ LELAND G. ORR

  Leland G. Orr
By:  

/s/ MICHAEL S. LOWRY

  Michael S. Lowry
By:  

/s/ ANITA F. LARSON

  Anita F. Larson
By:  

/s/ KYLE L. GARST

  Kyle L. Garst

 

- 19 -


PLAINFIELD SPECIAL SITUATIONS MASTER FUND LIMITED
By:  

/s/ STEVEN SEGALOFF

  Steven Segaloff, Senior Vice President
PLAINFIELD ASSET MANAGEMENT LLC
By:  

/s/ STEVEN SEGALOFF

  Steven Segaloff, Senior Vice President

/s/ MAX HOLMES

Max Holmes

PLAINFIELD ACCEPTANCE LLC
By:  

/s/ STEVEN SEGALOFF

  Steven Segaloff, Senior Vice President

 

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