-----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, AhjEQQuVOAIzb5XOxNtN1VvJ35HK3GPYa6dJKPjAwB9ZidiH4Ml+cxv5ZVJmpv5R vNksAT3qUKvTmDGlRFkZ4g== 0001116679-08-000347.txt : 20080214 0001116679-08-000347.hdr.sgml : 20080214 20080214122523 ACCESSION NUMBER: 0001116679-08-000347 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080214 DATE AS OF CHANGE: 20080214 GROUP MEMBERS: JOHN S. OSTERWEIS GROUP MEMBERS: OSTERWEIS CAPITAL MANAGEMENT, INC. GROUP MEMBERS: OSTERWEIS CAPITAL MANAGEMENT, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CARROLS RESTAURANT GROUP, INC. CENTRAL INDEX KEY: 0000809248 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 161287774 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-82334 FILM NUMBER: 08611280 BUSINESS ADDRESS: STREET 1: 968 JAMES STREET CITY: SYRACUSE STATE: NY ZIP: 13203 BUSINESS PHONE: 315-424-0513 MAIL ADDRESS: STREET 1: 968 JAMES STREET CITY: SYRACUSE STATE: NY ZIP: 13203 FORMER COMPANY: FORMER CONFORMED NAME: CARROLS HOLDINGS CORP DATE OF NAME CHANGE: 19870113 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: OSTERWEIS CAPITAL MANAGEMENT INC CENTRAL INDEX KEY: 0001007524 IRS NUMBER: 942871718 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: ONE MARITIME PLAZA STREET 2: STE 2101 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 4154344441 MAIL ADDRESS: STREET 1: ONE MARITIME PLAZA STREET 2: STE 1201 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 SC 13G 1 carrols13g-021408.txt ------------------------------ OMB APPROVAL ------------ OMB Number: 3235-0145 Expires: February 28, 2009 Estimated average burden Hours per response.......10.4 ------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. _)* Carrols Restaurant Group Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common - -------------------------------------------------------------------------------- (Title of Class Securities) 14574X104 ------------------------------------ (CUSIP Number) December 31, 2007 - -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |X| Rule 13d-1(b) |_| Rule 13d-1(c) |_| Rule 13d-1(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 disclosure 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). Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a current valid OMB control number. SEC 1745 (3-06) Page 1 of 10 pages CUSIP No. 14574X104 ---------
1. Name of Reporting Persons. Osterweis Capital Management, Inc. - ----------------------------------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) |X| -------------------------------------------------------------------------------------------------- (b) -------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- 3. SEC Use Only --------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- 4. Citizenship or Place of Organization California ------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- 5. Sole Voting Power 667,692 Number of ------------- Shares ------------------------------------------------------------------------------------------ Beneficially 6. Shared Voting Power Owned by Each ----------------------------------------------------------------- Reporting ------------------------------------------------------------------------------------------ Person With: 7. Sole Dispositive Power 667,692 ------------- ------------------------------------------------------------------------------------------ 8. Shared Dispositive Power ------------------------------------------------------------ ------------------------------------------------------------------------------------------ - ----------------------------------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 667,692 ------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) n/a -------------- 11. Percent of Class Represented by Amount in Row (9) 3.10% ------------------------------------------------ - ----------------------------------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) - ----------------------------------------------------------------------------------------------------------- IA - ----------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- - -----------------------------------------------------------------------------------------------------------
SEC 1745 (3-06) Page 2 of 10 pages CUSIP No. 14574X104 ---------
1. Name of Reporting Persons. Osterweis Capital Management, LLC - ----------------------------------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) |X| -------------------------------------------------------------------------------------------------- (b) -------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- 3. SEC Use Only --------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- 4. Citizenship or Place of Organization California ------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- 5. Sole Voting Power 626,408 Number of ------------- Shares ------------------------------------------------------------------------------------------ Beneficially 6. Shared Voting Power Owned by Each ----------------------------------------------------------------- Reporting ------------------------------------------------------------------------------------------ Person With: 7. Sole Dispositive Power 626,408 ------------- ------------------------------------------------------------------------------------------ 8. Shared Dispositive Power ------------------------------------------------------------ ------------------------------------------------------------------------------------------ - ----------------------------------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 626,408 ------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) n/a -------------- 11. Percent of Class Represented by Amount in Row (9) 2.91% ------------------------------------------------ - ----------------------------------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) - ----------------------------------------------------------------------------------------------------------- IA - ----------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- - -----------------------------------------------------------------------------------------------------------
SEC 1745 (3-06) Page 3 of 10 pages CUSIP No. 14574X104 ---------
1. Name of Reporting Persons. John S. Osterweis - ----------------------------------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) |X| -------------------------------------------------------------------------------------------------- (b) -------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- 3. SEC Use Only --------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- 4. Citizenship or Place of Organization United States ------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- 5. Sole Voting Power 1,294,100 Number of ------------- Shares ------------------------------------------------------------------------------------------ Beneficially 6. Shared Voting Power Owned by Each ----------------------------------------------------------------- Reporting ------------------------------------------------------------------------------------------ Person With: 7. Sole Dispositive Power 1,294,100 ------------- ------------------------------------------------------------------------------------------ 8. Shared Dispositive Power ------------------------------------------------------------ ------------------------------------------------------------------------------------------ - ----------------------------------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,294,100 ------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) n/a -------------- 11. Percent of Class Represented by Amount in Row (9) 6.00% ------------------------------------------------ - ----------------------------------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) - ----------------------------------------------------------------------------------------------------------- HC, IN - ----------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- - -----------------------------------------------------------------------------------------------------------
SEC 1745 (3-06) Page 4 of 10 pages Page 5 of 10 Item 1. (a) Name of Issuer Carrols Restaurant Group Inc. (b) Address of Issuer's Principal Executive Offices 968 James Street Syracuse, NY 13203 Item 2. (a) Name of Person Filing (i) Osterweis Capital Management, Inc. (ii) Osterweis Capital Management, LLC (iii) John S. Osterweis (b) Address of Principal Business office or, if None, Residence (i) One Maritime Plaza, Suite 800, San Francisco, CA 94111 (ii) One Maritime Plaza, Suite 800, San Francisco, CA 94111 (iii) One Maritime Plaza, Suite 800, San Francisco, CA 94111 (c) Citizenship (i) CA Corporation (ii) CA Limited Liability Corporation (iii) U.S. Citizen (d) Title of Class Securities Common (e) CUSIP Number 14574X104 Item 3. If this statement is filed pursuant to Section 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a: Page 6 of 10 (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 (15 U.S.C. 80a-8). (e) |X| An investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E). (f) |_| An employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(ii)(F). (g) |X| A parent holding company or control person in accordance with Section 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) |X| Group in accordance with Section 240.13d-1(b)(ii)(J). Item 4. Ownership Common Stock: (a) Amount Beneficially Owned: 1,294,100 --------- (b) Percent of Class: 6.00% ----- (c) Number of shares as to which the joint filers have: (i) sole power to vote or to direct the vote: 1,294,100 --------- (ii) shared power to vote or to direct the vote: -------- (iii) sole power to dispose or to direct the disposition of: 1,294,100 --------- (iv) shared power to dispose of or to direct the disposition of: -------- Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class securities, check the following |_|. Item 6. Ownership of More than Five Percent on Behalf of Another Person. n/a Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See Exhibit C Page 7 of 10 Item 8. Identification and Classification of Members of the Group. See Exhibit A Item 9. Notice of Dissolution of Group. n/a Item 10. Certification: (a) The following certification shall be included if the statement is filed pursuant to Section 240.13d-1(b): By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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. 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: February 12, 2008 /s/ John S. Osterweis -------------------------------------- Signature By: John S. Osterweis, President of Osterweis Capital Management, Inc. /s/ John S. Osterweis -------------------------------------- Signature By: John S. Osterweis, President of Osterweis Capital Management, LLC /s/ John S. Osterweis -------------------------------------- Signature By: John S. Osterweis, Control Person of Osterweis Capital Management, Inc. and Osterweis Capital Management, LLC Page 8 of 10 EXHIBIT A --- Identification and Classification of Members of the Group --------------------------------------------------------- Pursuant to Rule 13d-1(b)(ii)(J) and Rule 13d-1(k)(1) under the Securities and Exchange Act of 1934, the members of the group making this joint filing are identified and classified as follows: Name Classification ---- -------------- Osterweis Capital Management Inc. Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E) Osterweis Capital Management LLC Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E) John S. Osterweis Parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G) Page 9 of 10 EXHIBIT B --- Joint Filing Agreement Pursuant to Rule 13d-1 --------------------------------------------- This agreement is made pursuant to Rule 13d-1(b)(ii)(J) and Rule 13d-1(k)(1) under the Securities and Exchange Act of 1934 (the "Act") by and among the parties listed below, each referred to herein as a "Joint Filer." The Joint Filers agree that a statement of beneficial ownership as required by Sections 13(g) or 13(d) of the Act and the Rules thereunder may be filed on each of their behalf on Schedule 13G or Schedule 13D, as appropriate, and that said joint filing may thereafter be amended by further joint filings. The Joint Filers state that they each satisfy the requirements for making a joint filing under Rule 13d-1. Dated: February 12, 2008 /s/ John S. Osterweis -------------------------------------- Signature By: John S. Osterweis, President of Osterweis Capital Management, Inc. /s/ John S. Osterweis -------------------------------------- Signature By: John S. Osterweis, President of Osterweis Capital Management, LLC /s/ John S. Osterweis -------------------------------------- Signature By: John S. Osterweis, Control Person of Osterweis Capital Management, Inc. and Osterweis Capital Management, LLC Page 10 of 10 EXHIBIT C --- Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person Identity Classification -------- -------------- Osterweis Capital Management Inc. Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E) Osterweis Capital Management LLC Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E) -----END PRIVACY-ENHANCED MESSAGE-----