-----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, KFCLlq636wiIYXBm7tiAhAb5GkBNSc/3K9Zcb/+0UHJolkryL0rsHxwD9cX04OwW RIchy+EyEyyGRcy85g35dw== 0000950152-07-008617.txt : 20071106 0000950152-07-008617.hdr.sgml : 20071106 20071106145329 ACCESSION NUMBER: 0000950152-07-008617 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20071106 DATE AS OF CHANGE: 20071106 GROUP MEMBERS: CCAG LIMITED PARTNERSHIP GROUP MEMBERS: RICHARD M. OSBORNE GROUP MEMBERS: STEVEN A. CALABRESE GROUP MEMBERS: STEVEN A. CALABRESE PROFIT SHARING TRUST SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PVF CAPITAL CORP CENTRAL INDEX KEY: 0000928592 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 341659805 STATE OF INCORPORATION: OH FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-46740 FILM NUMBER: 071217529 BUSINESS ADDRESS: STREET 1: 30000 AURORA ROAD CITY: SOLON STATE: OH ZIP: 44139 BUSINESS PHONE: 4402487171 MAIL ADDRESS: STREET 1: 30000 AURORA ROAD CITY: SOLON STATE: OH ZIP: 44139 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AMG Investments, LLC CENTRAL INDEX KEY: 0001399850 IRS NUMBER: 000000000 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 8500 STATION STREET, SUITE 113 CITY: MENTOR STATE: OH ZIP: 44060 BUSINESS PHONE: 440-951-1111 MAIL ADDRESS: STREET 1: 8500 STATION STREET, SUITE 113 CITY: MENTOR STATE: OH ZIP: 44060 SC 13D/A 1 l28682asc13dza.htm PVF CAPITAL CORP/AMG INVESTMENTS, LLC SC 13D/A PVF Capital Corp/AMG Investments, LLC SC 13D/A
 

 
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE
13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT RULE 13d-2(a)
(Amendment No. 1)
PVF Capital Corp.
 
(Name of Issuer)
Common Stock
 
(Title of Class of Securities)
693654 10 5
 
(CUSIP Number)
Marc C. Krantz, Kohrman Jackson & Krantz P.L.L., 1375 East 9th Street, 20th Floor, Cleveland, OH 44114, (216) 696-8700
 
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
October 25, 2007
 
(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(e), 13d-1(f) or 13d-1(g), check the following box. o
     Note. Schedules filed in paper format shall include a signed original and five copies of the schedule including all exhibits. See § 240.13d-7 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).
 
 

 

 

                     
CUSIP No.
  
693654 10 5 
   Page  
2 
   of   
10 Pages 

 

           
1   NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

AMG Investments, LLC
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(see instructions)
  (a)   þ 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (see instructions)
   
  OO, WC
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Ohio
       
  7   SOLE VOTING POWER
     
NUMBER OF   374,685
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY  
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   374,685
       
WITH 10   SHARED DISPOSITIVE POWER
     
   
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  374,685
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(see instructions)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
   
  4.8%
     
14   TYPE OF REPORTING PERSON (see instructions)
   
  OO

 

                     
CUSIP No.
  
693654 10 5 
   Page  
3 
   of   
10 Pages 

 

           
1   NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

Richard M. Osborne
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(see instructions)
  (a)   þ 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (see instructions)
   
 
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  7   SOLE VOTING POWER
     
NUMBER OF  
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   374,685*
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON  
       
WITH 10   SHARED DISPOSITIVE POWER
     
    374,685*
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  374,685*
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(see instructions)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
   
  4.8%
     
14   TYPE OF REPORTING PERSON (see instructions)
   
  IN
* Shares owned by AMG Investments, LLC.

 

                     
CUSIP No.
  
693654 10 5 
   Page  
4 
   of   
10 Pages 

 

           
1   NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

Steven A. Calabrese
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(see instructions)
  (a)   þ 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (see instructions)
   
 
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  7   SOLE VOTING POWER
     
NUMBER OF   94,904(1)
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   398,365(2)
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   94,904(1)
       
WITH 10   SHARED DISPOSITIVE POWER
     
    398,365(2)
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  493,269(1)(2)
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(see instructions)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
   
  6.4%
     
14   TYPE OF REPORTING PERSON (see instructions)
   
  IN
(1) Includes 44,783 shares owned by CCAG Limited Partnership and 33,942 shares owned by the Steven A. Calabrese Profit Sharing Trust.
(2) Includes 374,685 shares owned by AMG Investments, LLC, 12,930 shares owned by Mr. Calabrese‘s minor children and 10,750 shares beneficially owned by Mr. Calabrese‘s wife.

 

                     
CUSIP No.
  
693654 10 5 
   Page  
5 
   of   
10 Pages 

 

           
1   NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

CCAG Limited Partnership
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(see instructions)
  (a)   þ 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (see instructions)
   
 
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Ohio
       
  7   SOLE VOTING POWER
     
NUMBER OF   44,783
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY  
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   44,783
       
WITH 10   SHARED DISPOSITIVE POWER
     
   
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  44,783
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(see instructions)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
   
  0.6%
     
14   TYPE OF REPORTING PERSON (see instructions)
   
  PN

 

                     
CUSIP No.
  
693654 10 5 
   Page  
6 
   of   
10 Pages 

 

           
1   NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

Steven A. Calabrese Profit Sharing Trust
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(see instructions)
  (a)   þ 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (see instructions)
   
 
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Ohio
       
  7   SOLE VOTING POWER
     
NUMBER OF   33,942
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY  
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   33,942
       
WITH 10   SHARED DISPOSITIVE POWER
     
   
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  33,942
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(see instructions)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
   
  0.4%
     
14   TYPE OF REPORTING PERSON (see instructions)
   
  EP

 

     
CUSIP NO. 693654 10 5   Page 7 of 10 Pages
     
Introduction.
     Pursuant to Rule 13d-1(k), this Amendment No. 1 to Schedule 13D is filed by AMG Investments, LLC (“AMG”), Richard M. Osborne, Steven A. Calabrese, CCAG Limited Partnership (“CCAG”), and the Steven A. Calabrese Profit Sharing Trust (the “Trust”), relating to the acquisition of shares of common stock, par value $0.01 per share (the “Shares”), of PVF Capital Corp. (the “Company”) by AMG.
Item 3. Source and Amount of Funds or Other Consideration.
     Item 3 is amended and supplemented as follows:
     The Shares reported in Item 5(c) as having been acquired by AMG were acquired for the aggregate purchase price of approximately $1,437,245 (excluding commissions) with a combination of working capital of AMG and margin debt from Wachovia Securities. Interest on the margin debt is computed at a select rate above the rate banks charge securities brokers (“call money rate”) and is subject to change, without notice, if the call money rate changes. To the extent permitted by law, Wachovia has a lien on certain of the Shares reported herein as having been acquired by AMG.
Item 5. Interest in Securities of the Issuer.
     Items 5(a) and 5(c) are amended and supplemented as follows:
     (a) According to the most recently available filing with the Securities and Exchange Commission by the Company, there are 7,763,524 Shares outstanding.
     AMG beneficially owns 374,685 Shares, or 4.8%, of the outstanding Shares. As managing members, each of Mr. Calabrese and Mr. Osborne may be deemed to beneficially own all Shares held by AMG. Mr. Osborne does not beneficially own any Shares other than as a managing member of AMG. Mr. Calabrese beneficially owns a total of 493,269 Shares, or 6.4%, of the outstanding Shares, which includes 374,685 Shares owned by AMG, 16,179 Shares owned individually, 12,930 Shares owned by his minor children, 10,750 Shares owned by his wife, 44,783 Shares owned by CCAG and 33,942 Shares owned by the Trust. CCAG owns 44,783 Shares, or 0.6%, of the outstanding Shares. The Trust owns 33,942 Shares, or 0.4%, of the outstanding Shares.
     Mr. Osborne and Mr. Calabrese determined to purchase the Shares reported in Item 5(c) as having been acquired by AMG.
     (c) Since the filing of original Schedule 13D on September 21, 2007, AMG purchased 94,685 Shares in open market transactions as set forth below:

 

 

     
CUSIP NO. 693654 10 5   Page 8 of 10 Pages
     
                 
            Approximate Per Share Price
Date   Number of Shares   (Excluding Commissions)
10/2/07
     700     $ 15.36  
10/3/07
     4,700     $ 15.50  
10/3/07
     731     $ 15.46  
10/4/07
     1,100     $ 15.37  
10/4/07
     100     $ 15.38  
10/5/07
     700     $ 15.45  
10/5/07
     7,000     $ 15.50  
10/8/07
     2,839     $ 15.45  
10/8/07
     7,500     $ 15.50  
10/9/07
     13,300     $ 15.50  
10/11/07
     3,842     $ 15.46  
10/11/07
     6,000     $ 15.50  
10/15/07
     3,000     $ 15.44  
10/15/07
     3,700     $ 15.30  
10/16/07
     900     $ 15.28  
10/16/07
     600     $ 15.27  
10/16/07
     500     $ 15.30  
10/17/07
     1,500     $ 15.33  
10/17/07
     1,980     $ 15.30  
10/18/07
     1,100     $ 15.44  
10/19/07
     2,900     $ 15.17  
10/19/07
     100     $ 15.16  
10/22/07
     3,000     $ 15.32  
10/22/07
     1,500     $ 15.30  
10/22/07
     397     $ 15.08  
10/22/07
     100     $ 15.09  
10/22/07
     500     $ 15.28  
10/23/07
     108     $ 15.50  
10/23/07
     992     $ 14.98  
10/23/07
     455     $ 14.95  
10/23/07
     99     $ 14.96  
10/23/07
     97     $ 14.97  
10/24/07
     1,000     $ 14.75  
10/24/07
     1,000     $ 14.70  
10/24/07
     1,500     $ 14.65  
10/24/07
     2,000     $ 14.60  
10/25/07
     3,645     $ 14.70  
10/25/07
     100     $ 14.69  
10/25/07
     3,000     $ 14.75  
11/2/07
     1,500     $ 14.07  
11/2/07
     500     $ 14.03  
11/5/07
     1,500     $ 14.00  

 

 

     
CUSIP NO. 693654 10 5   Page 9 of 10 Pages
     
                 
            Approximate Per Share Price
Date   Number of Shares   (Excluding Commissions)
11/5/07
     4,400     $ 14.10  
11/5/07
     1,500     $ 14.09  
11/5/07
     1,000     $ 14.11  
Item 7. Material to be Filed as Exhibits.
     7.1 Joint Filing Agreement

 

 

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: November 6, 2007
         
  AMG Investments, LLC
 		  
  /s/ Richard M. Osborne    
  Richard M. Osborne, a managing member   
     
 
         
     
  /s/ Richard M. Osborne    
  Richard M. Osborne, individually   
     
 
         
     
  /s/ Steven A. Calabrese    
  Steven A. Calabrese, individually   
     
 
         
  Steven A. Calabrese Profit Sharing Trust
 		  
  /s/ Steven A. Calabrese    
  By: Steven A. Calabrese, co-trustee   
     
 
         
  CCAG Limited Partnership
     By: TGF, Inc., its general partner
 		  
  /s/ Steven A. Calabrese    
  By: Steven A. Calabrese, President   
     
 

Page 10 of 10 Pages

 

EXHIBIT INDEX
     
Exhibit Number   Description
 
7.1
  Joint Filing Agreement

 

EX-7.1 2 l28682aexv7w1.htm EX-7.1 EX-7.1
 

EXHIBIT 7.1
AGREEMENT OF JOINT FILING
     Pursuant to Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned persons hereby agree to file with the Securities and Exchange Commission, the Statement on Schedule 13D (the “Statement”) to which this Agreement is attached as an exhibit, and agree that such Statement, as so filed, is filed on behalf of each of them.
     This Agreement may be executed in counterparts, each of which when so executed shall be deemed to be an original, and all of which together shall be deemed to constitute one and the same instrument.
     IN WITNESS WHEREOF, the undersigned have executed this Agreement.
         
Date: November 6, 2007   AMG Investments, LLC
 		  
  /s/ Richard M. Osborne    
  Richard M. Osborne, a managing member   
     
 
         
     
  /s/ Richard M. Osborne    
  Richard M. Osborne, individually   
     
 
         
     
  /s/ Steven A. Calabrese    
  Steven A. Calabrese, individually   
     
 
         
  Steven A. Calabrese Profit Sharing Trust
 		  
  /s/ Steven A. Calabrese    
  By: Steven A. Calabrese, co-trustee   
     
 
         
  CCAG Limited Partnership
     By: TGF, Inc., its general partner
 		  
  /s/ Steven A. Calabrese    
  By: Steven A. Calabrese, President   
     
 

 

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