-----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, DCV9TsZJNJACKms+7bxz++nLrCzgnmjlW/wSXMbyJWerJMzuC+o2pIx030jG0jrY y0aCwnn/v/NUCBmqQUysVg== 0000950134-98-000684.txt : 19980204 0000950134-98-000684.hdr.sgml : 19980204 ACCESSION NUMBER: 0000950134-98-000684 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980203 SROS: NONE GROUP MEMBERS: BARLOW MANAGEMENT INC GROUP MEMBERS: BARLOW PARTNERS II LP GROUP MEMBERS: JONATHAN G ORNSTEIN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MESA AIR GROUP INC CENTRAL INDEX KEY: 0000810332 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] IRS NUMBER: 850302351 STATE OF INCORPORATION: NM FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-40348 FILM NUMBER: 98519771 BUSINESS ADDRESS: STREET 1: 2325 E 30TH ST CITY: FARMINGTON STATE: NM ZIP: 87401 BUSINESS PHONE: 5053270271 MAIL ADDRESS: STREET 1: 2325 EAST 30TH STREET CITY: FARMINGTON STATE: NM ZIP: 87401 FORMER COMPANY: FORMER CONFORMED NAME: MESA AIRLINES INC DATE OF NAME CHANGE: 19950426 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BARLOW PARTNERS II LP CENTRAL INDEX KEY: 0001052616 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1954 AIRPORT ROAD, SUITE 200 CITY: ATLANTA STATE: GA ZIP: 30341 BUSINESS PHONE: 7704559227 MAIL ADDRESS: STREET 1: 1954 AIRPORT ROAD, SUITE 200 CITY: ATLANTA STATE: GA ZIP: 30341 SC 13D/A 1 AMENDMENT NO. 1 TO SCHEDULE 13D - BARLOW PARTNERS 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 1) MESA AIR GROUP, INC. (Name of Issuer) COMMON STOCK, NO PAR VALUE (Title of Class of Securities) 590479 10 1 (CUSIP Number) George Murnane III 1954 Airport Road, Suite 200 Atlanta, Georgia 30341 (770) 455-9225 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) JANUARY 30, 1998 (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). (Continued on following page(s)) Page 1 of 7 Pages 2 CUSIP No. 590479 10 1 SCHEDULE 13D Page 2 of 7 Pages 1) Names of Reporting Persons/S. S. or I. R. S. Identification Nos. of Above Persons Barlow Partners II, L.P. 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] 3) SEC Use Only 4) Source of Funds (See Instructions) OO - Partnership Contributions 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) [ ] 6) Citizenship or Place of Organization Texas Number of (7) Sole Voting Power 1,741,513 Shares Bene- ficially (8) Shared Voting Power -0- Owned by Each Reporting (9) Sole Dispositive Power 1,741,513 Person With (10) Shared Dispositive Power -0- 11) Aggregate Amount Beneficially Owned by Each Reporting Person 1,741,513 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] 13) Percent of Class Represented by Amount in Row (11) 6.15% 14) Type of Reporting Person (See Instructions) PN 3 CUSIP No. 590479 10 1 SCHEDULE 13D Page 3 of 7 Pages 1) Names of Reporting Persons/S. S. or I. R. S. Identification Nos. of Above Persons Barlow Management, Inc. 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] 3) SEC Use Only 4) Source of Funds (See Instructions) Not Applicable 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) [ ] 6) Citizenship or Place of Organization Texas Number of (7) Sole Voting Power -0- Shares Bene- ficially (8) Shared Voting Power 1,741,513 - See Owned by Each Responses to Items 5 and 6 Reporting Person With (9) Sole Dispositive Power -0- (10) Shared Dispositive Power 1,741,513 - See Responses to Items 5 and 6 11) Aggregate Amount Beneficially Owned by Each Reporting Person 1,741,513-See Responses to Items 5 and 6 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] 13) Percent of Class Represented by Amount in Row (11) 6.15% 14) Type of Reporting Person (See Instructions) CO (1) Solely in its capacity as general partner of Barlow Partners II, L.P. 4 CUSIP No. 590479 10 1 SCHEDULE 13D Page 4 of 7 Pages 1) Names of Reporting Persons/S. S. or I. R. S. Identification Nos. of Above Persons Jonathan G. Ornstein 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] 3) SEC Use Only 4) Source of Funds (See Instructions) Not Applicable 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) [ ] 6) Citizenship or Place of Organization United States of America Number of (7) Sole Voting Power -0- Shares Bene- ficially (8) Shared Voting Power 1,746,513(1) Owned by Each Reporting (9) Sole Dispositive Power -0- Person With (10) Shared Dispositive Power 1,746,513 11) Aggregate Amount Beneficially Owned by Each Reporting Person-1,746,513-See Responses to Items 5 and 6 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] 13) Percent of Class Represented by Amount in Row (11) 6.17% 14) Type of Reporting Person (See Instructions) IN (1) Mr. Ornstein is the controlling shareholder of Barlow Management, Inc., the general partner of Barlow Partners II, L.P. and may be deemed to beneficially own the shares of Common Stock beneficially owned by Barlow Partners II, L.P. The number also includes 5,000 shares owned by Lisa Ornstein, Mr. Ornstein's wife. Mr. Ornstein disclaims beneficial interest in such shares except to the extent of his economic interest therein. 5 CUSIP No. 590479 10 1 SCHEDULE 13D Page 5 of 7 Pages This statement on Schedule 13D ("Statement") relates to the Common Stock, no par value (the "Common Stock"), of Mesa Air Group, Inc., a Nevada corporation (the "Issuer"). This Statement on Schedule 13D originally filed on January 30, 1998 is hereby amended and supplemented to include the information contained herein, and this Statement constitutes Amendment No. 1 to the Reporting Person's (as defined below) Schedule 13D. Pursuant to Rules 13d-1(f)(1)-(2) of Regulation 13D-G of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended (the "Act"), the undersigned hereby file this Statement on behalf of Barlow Partners II, L.P., a Texas limited partnership ("Barlow Partners"), Barlow Management, Inc., a Texas corporation ("Barlow Management") and Jonathan G. Ornstein ("Ornstein"). Barlow Partners, Barlow Management and Ornstein are sometimes hereinafter referred to as the "Reporting Persons." ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION The source and amount of the funds used by the Reporting Persons to purchase the shares of the Common Stock are as follows:
Reporting Person Source of Funds Amount of Funds - ---------------- --------------- --------------- Barlow Partners II, L.P. Other (1) $11,755,212 (2) Barlow Management, Inc. Not Applicable Not Applicable Jonathan G. Ornstein Not Applicable $33,750(2)(3)
(1) Contributions from partners. (2) Based on the closing price of the Common Stock on January 30, 1998. See Item 5(c) herein. (3) With respect to the 5,000 shares beneficially owned by Lisa Ornstein. ITEM 4. PURPOSE OF TRANSACTION The Reporting Persons acquired and continue to hold the shares of the Common Stock reported herein for the purpose of influencing policies of the Issuer. The Reporting Persons have recommended changes in operating policies, management personnel and requested seats on the Board of Directors of the Issuer. On Friday, January 30, 1998, Mr. Ornstein and James Swigart were elected to the Board of Directors of the Issuer. The Reporting persons view this development as favorable. The Reporting Persons have concerns about the Issuer's apparent deteriorating relations with United Airlines with respect to the Issuer's United Express Operations. The Reporting Persons believe the Issuer's Management and Board of Directors should work to improve their 6 CUSIP No. 590479 10 1 SCHEDULE 13D Page 6 of 7 Pages relations and hopes to be of assistance in achieving this objective. The Reporting Persons also believe the Board of Directors should develop alternatives with respect to the United Express assets to preserve or enhance shareholder value. Such alternatives include, without limitation, the possible spin-off of such assets or sale of such assets, possibly through an employee stock ownership plan or otherwise. Depending on market conditions and other factors that each of the Reporting Persons may deem relevant, such Reporting Person may purchase additional shares of the Common Stock in the open market or in private transactions. Except as set forth in this Item 4, the Reporting Persons have no present plans or proposals that relate to or that would result in any of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D of the Act. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER At December 18, 1997, the Issuer had 28,294,584 shares of Common Stock outstanding. (a) BARLOW PARTNERS The aggregate number of shares of the Common Stock that Barlow Partners owns beneficially, pursuant to Rule 13d-3 under the Act, is 1,741,513, which constitutes approximately 6.15% of the 28,294,584 shares of such stock outstanding as of December 18, 1997. BARLOW MANAGEMENT Because of its position as the general partner of Barlow Partners, Barlow Management may, pursuant to Rule 13d-3 of the Act, be deemed to own beneficially 1,741,513 shares of the Common Stock, which constitutes approximately 6.15% of the 28,294,584 shares of such stock outstanding as of December 18, 1997. ORNSTEIN Because of his position as the controlling shareholder of Barlow Management and on the basis of Mr. Ornstein's wife, Lisa Ornstein, beneficially owning 5,000 shares of Common Stock, Mr. Ornstein may, pursuant to Rule 13d-3 of the Act, be deemed to own beneficially 1,746,513 shares of the Common Stock, which constitutes approximately 6.17% of the 28,294,584 shares of such stock outstanding as of December 18, 1997. To the best knowledge of each of the Reporting Persons, other than as set forth above, none of the persons named in response to Item 2(a) herein is the beneficial owner of any shares of the Common Stock. 7 CUSIP No. 590479 10 1 SCHEDULE 13D Page 7 of 7 Pages (b) BARLOW PARTNERS Barlow Partners has the sole power to vote or to direct the vote and to dispose or to direct the disposition of 1,685,513 shares of Common Stock. BARLOW MANAGEMENT In its capacity as the general partner of Barlow Partners, Barlow Management has the shared power to vote or to direct the vote and to dispose or to direct the disposition of 1,741,513 shares of the Common Stock. ORNSTEIN Because of his position as controlling shareholder of Barlow Management, Mr Ornstein may be deemed to have shared power to vote or to direct the vote and to dispose or to direct the disposition of 1,746,513 shares of Common Stock beneficially owned by Barlow Partners. (c) The Reporting Persons made open market purchases of the 1,741,513 shares of Common Stock covered by this Statement beginning on August 12, 1997 and ending on January 26, 1998 at prices ranging from $5.04 to $6.9991 per share. Except as set forth in this paragraph (c), to the best of the knowledge of each of the Reporting Persons, none of the persons named in response to paragraph (a) has effected any transactions in the shares of the Common Stock in the past 60 days. (d) No person other than the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of the Common stock owned by them. (e) Not Applicable. 8 SIGNATURES After reasonable inquiry and to the best of the knowledge and belief of the undersigned, the undersigned certify that the information set forth in this statement is true, complete and correct. BARLOW PARTNERS II, L.P. By: BARLOW MANAGEMENT, INC., its General Partner /s/ George Murnane III -------------------------------------------- By: George Murnane III, President BARLOW MANAGEMENT, INC. /s/ George Murnane III -------------------------------------------- By: George Murnane III, President /s/ Jonathan G. Ornstein -------------------------------------------- Jonathan G. Ornstein -----END PRIVACY-ENHANCED MESSAGE-----