-----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, AaYDMvs62NKPx7aOe1hbmv2HOREbuCtAmAgRXUbzhE7pCPLPcwVpEdMmL9+fB1PP 1UjT0p3VnSlPHKdd7c83Ew== /in/edgar/work/20000914/0000950130-00-005035/0000950130-00-005035.txt : 20000922 0000950130-00-005035.hdr.sgml : 20000922 ACCESSION NUMBER: 0000950130-00-005035 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000914 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ELDER BEERMAN STORES CORP CENTRAL INDEX KEY: 0000032020 STANDARD INDUSTRIAL CLASSIFICATION: [5311 ] IRS NUMBER: 310271980 STATE OF INCORPORATION: OH FISCAL YEAR END: 0201 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-53669 FILM NUMBER: 722765 BUSINESS ADDRESS: STREET 1: 3155 ELBEE RD CITY: DAYTON STATE: OH ZIP: 45439 BUSINESS PHONE: 9372962700 MAIL ADDRESS: STREET 1: 3155 EL BEE ROAD CITY: DAYTON STATE: OH ZIP: 45439 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BENNETT JAMES D CENTRAL INDEX KEY: 0001027829 STANDARD INDUSTRIAL CLASSIFICATION: [ ] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O BENNETT MANAGEMENT CORP STREET 2: 2 STAMFORD PLZ STE 1501 261 TRESSER BLVD CITY: STAMFORD STATE: CT ZIP: 06901 BUSINESS PHONE: 2033533101 MAIL ADDRESS: STREET 1: C/O BENNETT MANAGEMENT CORP STREET 2: 2 STAMFORD PLZ STE 1501 261 TRESSER BLVD CITY: STAMFORD STATE: CT ZIP: 06901 SC 13D/A 1 0001.txt SCHEDULE 13D/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 5)* THE ELDER-BEERMAN STORES CORP. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, no par value per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 284470101 ------------------------------------------------------------------ (CUSIP Number) James D. Bennett, Bennett Management Corporation 2 Stamford Plaza, Suite 1501, 281 Tresser Boulevard, Stamford, CT 06901 (203) 353-3101 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) September 8, 2000 ------------------------------------------------------------------ (Date of Event That 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(e), 13d-1(f) or 13d-1(g), check the following box: |_| Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 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).
SCHEDULE 13D - ---------------------------------------------------- ----------------------------- ---------------------------------------------- CUSIP No. 284470101 Page 2 of 5 Pages - ----------- --------------------------------------------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) James D. Bennett - ----------- --------------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) - ----------- --------------------------------------------------------------------------------------------------------------------- 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 USA - ------------------------- ---------- -------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER None - ------------------------- ---------- -------------------------------------------------------------------------------------------- NUMBER OF SHARES ---------- -------------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH 1,319,823/1/ REPORTING ---------- -------------------------------------------------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH None ---------- -------------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,319,823/1/ - ------------------------- ---------- -------------------------------------------------------------------------------------------- - ----------- --------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,319,823/1/ - ----------- --------------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - ----------- --------------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.86% - ----------- --------------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ----------- ---------------------------------------------------------------------------------------------------------------------
- ------------------------ /1/ James D. Bennett ("Mr. Bennett") shares beneficial ownership of as well as voting and dispositive power with respect to 905,000 of the shares with Bennett Restructuring Fund, L.P. Mr. Bennett shares beneficial ownership of as well as voting and dispositive power with respect to 414,823 of the shares with Bennett Offshore Restructuring Fund, Inc. -2- Item 3. Source and Amount of Funds or Other Consideration. ------------------------------------------------- 905,000 of the shares of Common Stock were purchased by BRF in open market transactions at an aggregate cost of $5,419,652.90. 414,823 of the shares of Common Stock were purchased by BORF in open market transactions at an aggregate cost of $2,854,639.38. The funds for all purchases of Common Stock made by BRF or BORF, respectively, came from such entity's own funds. No leverage was used to purchase any of the Common Stock. Item 4. Purpose of Transaction. ---------------------- The shares of Common Stock beneficially owned by Mr. Bennett were acquired for investment purposes. Mr. Bennett, BRF and/or BORF may acquire additional shares, dispose of all or some of the shares from time to time, in each case in open market transactions, block sales or purchases or otherwise, or may continue to hold the shares. In Mr. Bennett's prior Amendment to this Schedule 13D, Mr. Bennett noted that he, BRF and BORF had become aware of the supplementary proxy materials filed by the Company on Schedule 14A on July 20, 2000. On August 21, 2000, the Company filed its definitive proxy materials on Schedule 14A, which definitive proxy materials set forth substantially the same director nominations and amendments to the corporate governance provisions as had been described in the Company's supplementary proxy materials filed in late July. Based upon a review of the definitive proxy materials filed by the Company, Mr. Bennett continues to believe that the measures set forth in the Settlement Agreement, dated as of July 19, 2000, by and among the Company, PPM America Special Investments Fund, L.P., PPM America Special Investments CBO II, L.P., PPM America, Inc., Snyder Capital Management, Inc., and most of the Company's directors (the "Settlement Agreement"), represent positive steps by the Company to increase shareholder value as well as a positive response to longstanding shareholder concerns. Thus, Mr. Bennett, BRF and BORF already have voted their shares (by proxy) in support of the nominees proposed by the Company for election to the Company's Board of Directors and in support of the proposals set forth in the Settlement Agreement to be made at the Company's Annual Meeting. Furthermore, Mr. Bennett, BRF and BORF have encouraged the Company to embark on a self-tender offer or similar stock buyback program. On August 29, 2000, the Company announced its intention to commence a tender offer for up to 3,333,333 shares of Common Stock at prices not greater than $6.00 per share nor less than $4.50 per share. On September 8, 2000, the Company began the self-tender offer. Mr. Bennett strongly supports the Company's decision to commence this self-tender offer. Item 5. Interest in Securities of the Issuer. ------------------------------------ As of September 13, 2000, Mr. Bennett is deemed to beneficially own 1,319,823 shares of Common Stock. Mr. Bennett shares beneficial ownership and voting and dispositive power with respect to 905,000 of the shares with BRF. BRF is the record owner of such shares. Mr. Bennett shares beneficial ownership of and voting and dispositive power with respect to 414,823 of the shares with BORF. BORF is the record owner of such shares. Based on the issuer's Tender Offer Statement, filed on Schedule TO on September 8, 2000, 14,893,114 shares of Common Stock were outstanding as of September 1, 2000. Therefore, Mr. Bennett is deemed to beneficially own 8.86% of the issued and outstanding shares of the Company's Common Stock. BRF and BORF have purchased a total of 193,500 shares of Common Stock since the filing of Mr. Bennett's last Amendment to this Schedule 13D. Schedule I to this 13D filing provides certain information with respect to those purchases. (d) Not applicable. (e) Not applicable. Item 7. Material to be Filed as Exhibits. -------------------------------- 1. Schedule I -3- 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. Date: September 13, 2000 /s/ James D. Bennett --------------------------- James D. Bennett -4- SCHEDULE I ELDER-BEERMAN STOCK TRANSACTIONS OF BRF AND BORF SINCE THE DATE OF THE FILING OF MR. BENNETT'S LAST AMENDMENT TO THIS SCHEDULE 13D
Trade Date Type of Transaction Number of Shares Trade Amount Price per Share Purchased/Sold 08/09/00 Purchase 2,500 8,775.00 $3.51 08/10/00 Purchase 50,000 175,025.00 $3.50 08/15/00 Purchase 10,000 35,850.00 $3.585 08/16/00 Purchase 9,000 32,830.00 $3.65 08/22/00 Purchase 10,000 33,975.00 $3.40 08/30/00 Purchase 2,000 8,815.00 $4.41 08/30/00 Purchase 25,000 109,400.00 $4.38 08/31/00 Purchase 25,000 111,462.50 $4.46 09/06/00 Purchase 9,000 40,705.00 $4.52 09/08/00 Purchase 51,000 231,162.10 $4.53
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