-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, fc+iONOFi1vm61XS/Uf3iUKOK6eGded+ldP6kFqVIOt60IzuseVJEbDrY4rlyZGu lAqDk8Vyoos0aD09lJK5sA== 0000889812-94-000037.txt : 19940825 0000889812-94-000037.hdr.sgml : 19940825 ACCESSION NUMBER: 0000889812-94-000037 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19940824 GROUP MEMBERS: EDWARD J. MCAREE GROUP MEMBERS: SMITH THOMAS W GROUP MEMBERS: THOMAS N. TRYFOROS SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: COUNTRYWIDE MORTGAGE INVESTMENTS INC /DE CENTRAL INDEX KEY: 0000773468 STANDARD INDUSTRIAL CLASSIFICATION: 6798 IRS NUMBER: 953983415 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-38368 FILM NUMBER: 94545826 BUSINESS ADDRESS: STREET 1: 155 N LAKE AVE CITY: PASADENA STATE: CA ZIP: 91109 BUSINESS PHONE: 8183048400 MAIL ADDRESS: STREET 1: 155 N LAKE AVE CITY: PASADENA STATE: CA ZIP: 91109 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SMITH THOMAS W CENTRAL INDEX KEY: 0000926688 STANDARD INDUSTRIAL CLASSIFICATION: IRS NUMBER: 271229241 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 323 RAILROAD AVENUE CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 2036611200 MAIL ADDRESS: STREET 1: 323 RAILROAD AVENUE CITY: GREENWICH STATE: CT ZIP: 06830 FORMER COMPANY: FORMER CONFORMED NAME: THOMAS W SMITH DATE OF NAME CHANGE: 19940713 SC 13D/A 1 AMENDMENT NO. 1 Page 1 of 12 Pages Exhibit Index Appears on Page 11 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* COUNTRYWIDE MORTGAGE INVESTMENTS, INC. (Name of Issuer) COMMON STOCK, $.01 par value (Title of Class of Securities) 126692102 (CUSIP Number) Mr. Thomas W. Smith 323 Railroad Avenue Greenwich, CT 06830 (203) 661-1200 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 19, 1994 (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 / /. Check the following box if a fee is being paid with the statement / /. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(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). CUSIP No. 126692102 Page 2 of 12 Pages 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Mr. Thomas W. Smith 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ 3 SEC USE ONLY 4 SOURCE OF FUNDS* 00 (Funds of Managed Accounts) 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 7 SOLE VOTING POWER NUMBER OF 30,000 SHARES BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 1,218,600 EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON 30,000 WITH 10 SHARED DISPOSITIVE POWER 1,218,600 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,248,600 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.9% 14 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT CUSIP No. 126692102 Page 3 of 12 Pages 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Edward J. McAree 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ 3 SEC USE ONLY 4 SOURCE OF FUNDS* 00 (Funds of Managed Accounts) 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 7 SOLE VOTING POWER NUMBER OF -0- SHARES BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 1,218,600 EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON -0- WITH 10 SHARED DISPOSITIVE POWER 1,218,600 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,218,600 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.8% 14 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT CUSIP No. 126692102 Page 4 of 12 Pages 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Thomas N. Tryforos 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) /X/ 3 SEC USE ONLY 4 SOURCE OF FUNDS* 00 (Funds of Managed Accounts) 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 7 SOLE VOTING POWER NUMBER OF -0- SHARES BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 1,218,600 EACH REPORTING 9 SOLE DISPOSITIVE POWER PERSON -0- WITH 10 SHARED DISPOSITIVE POWER 1,218,600 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,218,600 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.8% 14 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT Page 5 of 12 Pages Preliminary Note This Statement constitutes Amendment No. 1 to the Schedule 13D filed by Mr. Thomas W. Smith on September 16, 1993. Items 1, 3, 4, 5 and 7 are hereby amended as set forth below. For purposes of the EDGAR filing, Items 2 and 6 are restated. ----------------------------------------------- Item 1. Security and Issuer. [Item 1 is hereby amended so that, as amended, it shall read in its entirety as follows:] This statement relates to the common stock, par value $0.01 (the "Common Stock") of Countrywide Mortgage Investments, Inc., a Delaware corporation whose principal executive offices are located at 35 North Lake Avenue, Pasadena, CA 91101-1857. Item 2. Identity and Background. (a) - (f) This statement is filed jointly by Thomas W. Smith, Edward J. McAree and Thomas N. Tryforos (the "Reporting Persons"), each of whom is a private investment manager with a business address at 323 Railroad Avenue, Greenwich, Connecticut 06830. The filing of this statement shall not be deemed to be an admission that any two or more of the Reporting Persons comprises a "group" within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended. During the last five years, none of the Reporting Persons has been convicted in a Page 6 of 12 Pages criminal proceeding (excluding traffic violations and similar misdemeanors) nor has any of the Reporting Persons been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding 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. Each of the Reporting Persons is a citizen of the United States. Item 3. Source and Amount of Funds or Other Consideration. [Item 3 is hereby amended so that, as amended, it shall read in its entirety as follows:] An aggregate of $13,221,344 of the funds of the Managed Accounts (as hereinafter defined) was used to purchase the shares reported herein. Item 4. Purpose of Transaction. [Item 4 is hereby amended so that, as amended, it shall read in its entirety as follows:] As set forth in Item 5, Mr. Smith beneficially owns 1,248,600 shares of Common Stock in his capacity as investment manager for certain managed accounts (the "Managed Accounts"), and each of Mr. McAree and Mr. Tryforos beneficially owns 1,218,600 shares in his capacity as investment manager for three of the Managed Accounts. The Managed Accounts consist of three private investment limited Page 7 of 12 Pages partnerships of which each of the Reporting Persons is a general partner and a private charitable foundation established by Mr. Smith. Each of the Reporting Persons has acquired beneficial ownership of the Managed Accounts' Shares for the purpose of achieving the investment policies of the Managed Accounts. Depending upon market conditions, evaluation of alternative investments, and such other factors as he may consider relevant, each of the Reporting Persons may purchase or sell shares of Common Stock for the Managed Accounts or other managed accounts or for his own account if appropriate opportunities to do so are available, on such terms and at such times as such Reporting Person considers desirable. Subject to the foregoing, none of the Reporting Persons has any present plans or proposals which relate to or would result in any of the actions or events enumerated in clauses (a) through (j) of Item 4 of Schedule 13D. Item 5. Interest in Securities of the Issuer. [Item 5 is hereby amended so that, as amended, it shall read in its entirety as follows:] (a) The aggregate number and percentage (based upon information included in the Form 10-Q filed by the issuer for the quarter ended June 30, 1994 that 32,145,031 shares of Common Stock were outstanding as of June 30, 1994) of shares of Common Stock beneficially owned by each of the Reporting Persons is as follows: Mr. Smith -- 1,248,600 shares (3.9%); Mr. McAree -- 1,218,600 shares (3.8%); Mr. Page 8 of 12 Pages Tryforos -- 1,218,600 shares (3.8%). All of such shares are held in the Managed Accounts. (b) Mr. Smith has the sole power to vote or to direct the vote and sole power to dispose or to direct the disposition of 30,000 shares of Common Stock. Each of the Reporting Persons has shared power to vote or to direct the vote and shared power to dispose or to direct the disposition of 1,218,600 shares of Common Stock. (c) During the 60 days preceding the date hereof, the Reporting Persons sold an aggregate of 127,500 shares of Common Stock on behalf of the Managed Accounts in open market transactions on the New York Stock Exchange as follows: Number of Shares Date of Sale Sold Price Per Share - ------------ ---------------- --------------- 8/9/94 46,000 8.750 8/17/94 19,400 8.625 8/18/94 43,900 8.625 8/19/94 18,200 8.625 (d) The Managed Accounts have the right to receive dividends from, and the proceeds from the sale of, the Managed Accounts' Shares. (e) The Reporting Persons ceased to be the beneficial owner of more than five percent of the outstanding shares of Common Stock on March 23, 1994. Page 9 of 12 Pages Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. Except as otherwise set forth in this statement, there are no contracts, arrangements, understandings or relationships between any of the Reporting Persons and any other person with respect to any securities of the issuer, including any contract, arrangement, understanding or relationship concerning the transfer or the voting of any securities of the issuer, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division or profits or loss, or the giving or withholding of proxies. Item 7. Material to be Filed as Exhibits. [Item 7 is hereby amended so that, as amended, it shall read in its entirety as follows:] 1. Agreement relating to the joint filing of Statement on Schedule 13D dated September 16, 1993 as required by Rule 13d-1(f). 2. Agreement relating to the joint filing of Amendment No. 1 to Schedule 13D dated August 24, 1994 as required by Rule 13d-1(f). Page 10 of 12 Pages 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: August 24, 1994 /s/ Thomas W. Smith ------------------------------ Thomas W. Smith /s/ Edward J. McAree ------------------------------ Edward J. McAree /s/ Thomas N. Tryforos ------------------------------ Thomas N. Tryforos Page 11 of 12 Pages Exhibit Index Sequentially Document Numbered Page - ------------------------------------------ ------------- 1. Agreement relating to the joint filing of Statement on Schedule 13D dated September 16, 1993 as required by Rule 13d-1(f). * 2. Agreement relating to the joint filing of Amendment No. 1 to Schedule 13D dated August 24, 1994 as required by Rule 13d-1(f). 12 - --------------------------- *Previously filed EX-99.2 2 JOINT FILING AGREEMENT Page 12 of 12 Pages Exhibit 2 Joint Filing Agreement The undersigned agree that the foregoing Amendment No. 1 to Schedule 13D, dated August 24, 1994, is being filed with the Securities and Exchange Commission on behalf of each of the undersigned pursuant to Rule 13d-1(f). Dated: August 24, 1994 /s/ Thomas W. Smith ------------------------------ Thomas W. Smith /s/ Edward J. McAree ------------------------------ Edward J. McAree /s/ Thomas N. Tryforos ------------------------------ Thomas N. Tryforos -----END PRIVACY-ENHANCED MESSAGE-----