-----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, QT0s+fXTIdl+rx9bTeG2oYGEL6LBAddgrKkY/vK+vggKG5nvPaoR9yzwsjIbws80 MCAzDvgufYcv+1GlipNoHg== 0000899140-97-000286.txt : 19970325 0000899140-97-000286.hdr.sgml : 19970325 ACCESSION NUMBER: 0000899140-97-000286 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 19970324 SROS: AMEX GROUP MEMBERS: BENJAMIN NAZARIAN GROUP MEMBERS: DBN INVESTMENT COMPANY GROUP MEMBERS: DR. PEJMAN SALIMPOUR GROUP MEMBERS: NEIL KADISHA GROUP MEMBERS: NIPPON TEX INC. PROFIT SHAR. PLAN DTD 6/25/96 GROUP MEMBERS: PIONEER VENTURE FUND GROUP MEMBERS: UNION COMMUNICATIONS COMPANY SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FRISCHS RESTAURANTS INC CENTRAL INDEX KEY: 0000039047 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 310523213 STATE OF INCORPORATION: OH FISCAL YEAR END: 0530 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-36806 FILM NUMBER: 97561550 BUSINESS ADDRESS: STREET 1: 2800 GILBERT AVE CITY: CINCINNATI STATE: OH ZIP: 45206 BUSINESS PHONE: 5139612660 MAIL ADDRESS: STREET 1: 2800 GILBERT AVE CITY: CINCINNATI STATE: OH FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PIONEER VENTURE FUND CENTRAL INDEX KEY: 0001032400 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 951547139 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 2000 PASADENA AVENUE CITY: LOS ANGELES STATE: CA ZIP: 90031 BUSINESS PHONE: 2132231114 MAIL ADDRESS: STREET 1: 2000 PASADENA AVENUE CITY: LOS ANGELES STATE: CA ZIP: 90031 SC 13D/A 1 AMENDMENT NO. 1 TO SCHDEULE 13D 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* Frisch's Restaurants, Inc. (Name of Issuer) Common Stock, no par value (Title of Class of Securities) 358748 10 1 (CUSIP Number) Benjamin Nazarian Pioneer Venture Fund 2000 Pasadena Avenue Los Angeles, California (213) 223-1114 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) - with a copy to - Thomas M. Cerabino, Esq. Willkie Farr & Gallagher 153 East 53rd Street New York, New York 10022 March 20, 1997 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ]. Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-l(a) for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the 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). 2 SCHEDULE 13D - ----------------------------------------------------------- CUSIP No. 358748 10 1 - ----------------------------------------------------------- - ----------- ------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Pioneer Venture Fund - ----------- ------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ----------- ------------------------------------------------------------------ 3 SEC USE ONLY - ----------- ------------------------------------------------------------------ 4 SOURCE OF FUNDS* AF, OO - ----------- ------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ----------- ------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION California - --------------------- --------- ---------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 0 BENEFICIALLY OWNED BY --------- ---------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON 324,051 WITH --------- ---------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 --------- ---------------------------------------------- 10 SHARED DISPOSITIVE POWER 324,051 - ----------- ------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 324,051 - ----------- ------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ----------- ------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.5% - ----------- ------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* PN - ----------- ------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 3 SCHEDULE 13D - ----------------------------------------------------------- CUSIP No. 358748 10 1 - ----------------------------------------------------------- - ----------- ------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Union Communications Company - ----------- ------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ----------- ------------------------------------------------------------------ 3 SEC USE ONLY - ----------- ------------------------------------------------------------------ 4 SOURCE OF FUNDS* OO - ----------- ------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ----------- ------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION California - --------------------- --------- ---------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 0 BENEFICIALLY OWNED BY --------- ---------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON 45,612 WITH --------- ---------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 --------- ---------------------------------------------- 10 SHARED DISPOSITIVE POWER 45,612 - ----------- ------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 45,612 - ----------- ------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ----------- ------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.6% - ----------- ------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* PN - ----------- ------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 4 SCHEDULE 13D - ----------------------------------------------------------- CUSIP No. 358748 10 1 - ----------------------------------------------------------- - ----------- ------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON DBN Investment Company - ----------- ------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ----------- ------------------------------------------------------------------ 3 SEC USE ONLY - ----------- ------------------------------------------------------------------ 4 SOURCE OF FUNDS* WC, OO - ----------- ------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ----------- ------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION California - --------------------- --------- ---------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 0 BENEFICIALLY OWNED BY --------- ---------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON 15,704 WITH --------- ---------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 --------- ---------------------------------------------- 10 SHARED DISPOSITIVE POWER 15,704 - ----------- ------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 15,704 - ----------- ------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ----------- ------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.2% - ----------- ------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* PN - ----------- ------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 5 SCHEDULE 13D - ----------------------------------------------------------- CUSIP No. 358748 10 1 - ----------------------------------------------------------- - ----------- ------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Benjamin Nazarian - ----------- ------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ----------- ------------------------------------------------------------------ 3 SEC USE ONLY - ----------- ------------------------------------------------------------------ 4 SOURCE OF FUNDS* PF, AF, OO - ----------- ------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ----------- ------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - --------------------- --------- ---------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 46,324 BENEFICIALLY OWNED BY --------- ---------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON 385,367 WITH --------- ---------------------------------------------- 9 SOLE DISPOSITIVE POWER 46,324 --------- ---------------------------------------------- 10 SHARED DISPOSITIVE POWER 407,727 - ----------- ------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 454,051 - ----------- ------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ----------- ------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.4% - ----------- ------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* IN - ----------- ------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 6 SCHEDULE 13D - ----------------------------------------------------------- CUSIP No. 358748 10 1 - ----------------------------------------------------------- - ----------- ------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Dr. Pejman Salimpour - ----------- ------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ----------- ------------------------------------------------------------------ 3 SEC USE ONLY - ----------- ------------------------------------------------------------------ 4 SOURCE OF FUNDS* PF, OO - ----------- ------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ----------- ------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - --------------------- --------- ---------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 22,360 BENEFICIALLY OWNED BY --------- ---------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON 0 WITH --------- ---------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 --------- ---------------------------------------------- 10 SHARED DISPOSITIVE POWER 22,360 - ----------- ------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 22,360 - ----------- ------------------------------------------------------------------ 12 CHECK BOX IF THE 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* IN - ----------- ------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 7 SCHEDULE 13D - ----------------------------------------------------------- CUSIP No. 358748 10 1 - ----------------------------------------------------------- - ----------- ------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Neil Kadisha - ----------- ------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ----------- ------------------------------------------------------------------ 3 SEC USE ONLY - ----------- ------------------------------------------------------------------ 4 SOURCE OF FUNDS* PF, OO - ----------- ------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ----------- ------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - --------------------- --------- ---------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 14,144 BENEFICIALLY OWNED BY --------- ---------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON 0 WITH --------- ---------------------------------------------- 9 SOLE DISPOSITIVE POWER 14,144 --------- ---------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - ----------- ------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 14,144 - ----------- ------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ----------- ------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.2% - ----------- ------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* IN - ----------- ------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 8 SCHEDULE 13D - ----------------------------------------------------------- CUSIP No. 358748 10 1 - ----------------------------------------------------------- - ----------- ------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Nippon Tex Inc. Profit Sharing Plan dated June 25, 1996 - ----------- ------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ----------- ------------------------------------------------------------------ 3 SEC USE ONLY - ----------- ------------------------------------------------------------------ 4 SOURCE OF FUNDS* WC - ----------- ------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ----------- ------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - --------------------- --------- ---------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 2,600 BENEFICIALLY OWNED BY --------- ---------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON 0 WITH --------- ---------------------------------------------- 9 SOLE DISPOSITIVE POWER 2,600 --------- ---------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - ----------- ------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 2,600 - ----------- ------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ----------- ------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.04% - ----------- ------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* EP - ----------- ------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 9 This Amendment No. 1 ("Amendment No. 1") amends the Schedule 13D filed by the Reporting Persons on February 7, 1997 (the "Schedule 13D"), and is being filed to reflect a material acquisition of beneficial ownership of the Common Stock as required by Rule 13d-2 promulgated under the Exchange Act. Unless otherwise indicated, all capitalized terms used but not defined herein shall have the same meaning as set forth in the Schedule 13D. Item 3. Source and Amount of Funds or Other Consideration. Item 3 of the Schedule 13D is hereby amended by deleting the first two paragraphs and replacing them with the following: The total amount of funds required by PVF to purchase the Shares it owns directly was $4,609,130.10 and was furnished from (i) a loan from UCC in the amount of $1,801,000, as evidenced by a promissory note, a copy of which is attached hereto as Exhibit 2 and is incorporated herein by reference, (ii) a loan from UCC in the amount of $280,000, as evidenced by a promissory note, a copy of which is attached hereto as Exhibit 13 and is incorporated herein by reference, (iii) a loan from UCC in the amount of $105,000, as evidenced by a promissory note, a copy of which is attached hereto as Exhibit 14 and is incorporated herein by reference, and (iv) a margin loan from Prudential Securities Incorporated ("Prudential"), made by Prudential in the ordinary course of its business. A copy of the Margin Agreement between PVF and Prudential is attached hereto as Exhibit 3 and is incorporated herein by reference. The total amount of funds required by UCC to purchase the Shares it owns directly was $580,993.73 and was furnished from margin loans from Prudential and Lehman Brothers Inc. ("Lehman"), made by Prudential and Lehman in the ordinary course of their respective businesses. Copies of the Margin Agreements between UCC and each of Prudential and Lehman are attached hereto as Exhibits 4(a) and 4(b) respectively, and are incorporated herein by reference. Item 5. Interest in Securities of the Issuer. (a) Item 5(a) of the Schedule 13D is hereby amended in its entirety to read as follows: The Reporting Persons beneficially own an aggregate of 470,795 Shares. Based on information contained in the Company's 10 Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on January 29, 1997, the Shares held by the Reporting Persons represent approximately 6.6% of the outstanding Shares. PVF beneficially owns 324,051 Shares, representing approximately 4.5% of the outstanding Shares. UCC beneficially owns 45,612 Shares, representing approximately 0.6% of the outstanding Shares. DBN beneficially owns 15,704 Shares, representing approximately 0.2% of the outstanding Shares. Nazarian directly owns 46,324 Shares, representing approximately 0.6% of the outstanding Shares. Salimpour beneficially owns 22,360 Shares, representing approximately 0.3% of the outstanding Shares. Kadisha beneficially owns 14,144 Shares, representing approximately 0.2% of the outstanding Shares. Nippon PSP beneficially owns 2,600 Shares, representing approximately 0.04% of the outstanding Shares. By reason of the control Nazarian exercises with respect to the investments of PVF, UCC and DBN, as described in Item 6, Nazarian may be deemed under Rule 13d-3 ("Rule 13d-3") under the Securities Exchange Act of 1934 (the "Exchange Act") to own beneficially all of the Shares owned by PVF, UCC and DBN. By reason of a limited power of attorney executed by Salimpour giving Nazarian certain powers as described in Item 6, Nazarian may be deemed under Rule 13d-3 to own beneficially all of the Shares which Salimpour beneficially owns. Thus, Nazarian may be deemed to have beneficial ownership of 454,051 Shares, representing approximately 6.4% of the outstanding Shares. (c) Item 5(c) of the Schedule 13D is hereby amended to add the listing of all transactions in the Common Stock effected by the Reporting Persons since February 7, 1997, the date of filing of the Schedule 13D. Such listing is set forth on the attached Exhibit 15, which is incorporated herein by reference. All transactions listed were made through brokers in open market transactions effected on the American Stock Exchange. Item 7. Material to be Filed as Exhibits. Item 7 of the Schedule 13D is hereby amended to add the following exhibits: Exhibit 13 Promissory Note, dated March 10, 1997, made by PVF for the benefit of UCC 11 Exhibit 14 Promissory Note, dated March 18, 1997, made by PVF for the benefit of UCC Exhibit 15 Schedule of transactions in the Common Stock by the Reporting Persons from February 7, 1997 through March 24, 1997 12 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: March 24, 1997 PIONEER VENTURE FUND By: /s/ Benjamin Nazarian Name: Benjamin Nazarian Title: General Partner UNION COMMUNICATIONS COMPANY By: /s/ Parviz Nazarian Name: Parviz Nazarian Title: General Partner DBN INVESTMENT COMPANY By: /s/ Benjamin Nazarian Name: Benjamin Nazarian Title: General Partner /s/ Benjamin Nazarian Benjamin Nazarian /s/ Pejman Salimpour Dr. Pejman Salimpour 13 /s/ Neil Kadisha Neil Kadisha NIPPON TEX INC. PROFIT SHARING PLAN DATED JUNE 25, 1996 By: /s/ Eli Sassouni Name: Eli Sassouni Title: Trustee EX-10.1 2 $280,000 PROMISSORY NOTE Exhibit 13 UNION COMMUNICATIONS A California Limited Partnership 2000 Pasadena Avenue, Los Angeles, CA 90031 Telephone: 213-223-1114 Facsimile: 213-221-4047 PROMISSORY NOTE $280,000.00 Los Angeles, California March 10, 1997 FOR VALUE RECEIVED, PIONEER VENTURE FUND ("Borrower"), hereby promises to pay, to Union Communications Company ("Lender"), ON DEMAND, the sum of TWO HUNDRED EIGHTY THOUSAND ($280,000.00), with accrued interest at the rate of Seven percent (7%), per annum on unpaid balance. All interest shall be computed for the actual number of days elapsed on the basis of a year consisting 360 days. The undersigned shall have the right the prepay without penalty. In the event of default, the undersigned agrees to pay all reasonable fees and cost of collection. Maker, surety, guarantor or endorser of this note waives presentation of payment, notice of nonpayment, protest and notices of protest and agrees to all extensions, renewals, or release, discharge or exchange of any other party of collateral notice. IN WITNESS HEREOF, Borrower has executed and delivers this Note as of the day and year first above written. /s/ Benjamin Nazarian PIONEER VENTURE FUND EX-10.2 3 $105,000 PROMISSORY NOTE Exhibit 14 UNION COMMUNICATIONS A California Limited Partnership 2000 Pasadena Avenue, Los Angeles, CA 90031 Telephone: 213-223-1114 Facsimile: 213-221-4047 PROMISSORY NOTE $105,000.00 Los Angeles, California March 18, 1997 FOR VALUE RECEIVED, PIONEER VENTURE FUND ("Borrower"), hereby promises to pay, to Union Communications Company ("Lender"), ON DEMAND, the sum of ONE HUNDRED FIVE THOUSAND ($105,000.00), with accrued interest at the rate of Seven percent (7%), per annum on unpaid balance. All interest shall be computed for the actual number of days elapsed on the basis of a year consisting 360 days. The undersigned shall have the right the prepay without penalty. In the event of default, the undersigned agrees to pay all reasonable fees and cost of collection. Maker, surety, guarantor or endorser of this note waives presentation of payment, notice of nonpayment, protest and notices of protest and agrees to all extensions, renewals, or release, discharge or exchange of any other party of collateral notice. IN WITNESS HEREOF, Borrower has executed and delivers this Note as of the day and year first above written. /s/ Benjamin Nazarian PIONEER VENTURE FUND EX-99.1 4 SCHEDULE OF TRANSACTIONS 1 Exhibit 15 Schedule of transactions in the Common Stock by the Reporting Persons from February 7, 1997 through March 24, 1997 (i) PVF Number of Price Shares Per Date Purchased Share(a) - ---- --------- -------- 3/7/97 21,000 $13.81 3/10/97 1,500 $13.98 3/11/97 4,300 $14.10 3/12/97 700 $14.10 3/18/97 3,500 $14.60 3/18/97 7,500 $14.57 3/19/97 5,000 $14.65 3/20/97 28,100 $15.35 (ii) UCC Number of Price Shares Per Date Purchased Share(a) - ---- --------- -------- 2/19/97 10,800 $14.81 2/20/97 2,200 $14.81 (iii) DBN None. (iv) Nazarian None. (v) Salimpour None. 2 (vi) Kadisha None. (vii) Nippon PSP None. Note: (a) Price includes commission. -----END PRIVACY-ENHANCED MESSAGE-----