-----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, BS1MFAQOIcnE8ej9s5b2VUTKHVRszgGbreYtIWUCApHx3RL82oEwZi2tiyeI0MVZ F6ucnmqXjlGbv61HIhpylg== 0001035849-97-000001.txt : 19970317 0001035849-97-000001.hdr.sgml : 19970317 ACCESSION NUMBER: 0001035849-97-000001 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 19970314 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CASCADE FINANCIAL CORP CENTRAL INDEX KEY: 0000928911 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 910167790 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-50657 FILM NUMBER: 97556810 BUSINESS ADDRESS: STREET 1: 2828 COLBY AVE CITY: EVERETT STATE: WA ZIP: 98201 BUSINESS PHONE: 2062598533 MAIL ADDRESS: STREET 1: 2828 COLBY AVE CITY: EVERETT STATE: WA ZIP: 98201 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SKOTDAL ARTHUR W CENTRAL INDEX KEY: 0001035849 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: P O BOX 5267 CITY: EVERETT STATE: WA ZIP: 98201 BUSINESS PHONE: 2062594354 MAIL ADDRESS: STREET 1: P O BOX 5367 CITY: EVERETT STATE: WA ZIP: 98201 SC 13D/A 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* Cascade Financial Corporation (Name of Issuer) Common Stock, par value $.01 per share (Title of Class of Securities) 14727210-8 (CUSIP Number) Arthur W. Skotdal c/o Douglas A. Schafer, Attorney P.O. Box 1134, Tacoma, WA 98401 (206) 383-2167 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 27, 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 [ ]. Check the following box if a fee is being paid with this 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 of 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.) Page 2 of 7 CUSIP No. 14727210-8 1. Name of Reporting Person Arthur W. Skotdal S.S. or I.R.S. Identification ###-##-#### No. of Above Person 2. Check the Appropriate Box (a) [ ] if a Member of a Group (b) [X] 3. SEC Use Only 4. Source of Funds PF 5. Check Box if Disclosure of Legal [ ] Proceedings is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of United States Organization Number of 7. Sole Voting Power 22,000 Shares 8. Shared Voting Beneficially Power 102,240 Owned by 9. Sole Dispositive Each Report- Power 22,000 ing Person 10. Shared Dispositive With Power 102,240 11. Aggregate Amount Beneficially Owned by Each Reporting Person 124,240 12. Check Box if the Aggregate Amount [ ] in Row (11) Excludes Certain Shares 13. Percent of Class Represented 6.1% by amount in Row (11) 14. Type of Reporting Person IN Page 3 of 7 CUSIP No. 14727210-8 1. Name of Reporting Person Andrew P. Skotdal S.S. or I.R.S. Identification ###-##-#### No. of Above Person 2. Check the Appropriate Box (a) [ ] if a Member of a Group (b) [X] 3. SEC Use Only 4. Source of Funds PF 5. Check Box if Disclosure of Legal [ ] Proceedings is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of United States Organization Number of 7. Sole Voting Power -0- Shares 8. Shared Voting Beneficially Power 51,120 Owned by 9. Sole Dispositive Each Report- Power -0- ing Person 10. Shared Dispositive With Power 51,120 11. Aggregate Amount Beneficially Owned by Each Reporting Person 51,120 12. Check Box if the Aggregate Amount [ ] in Row (11) Excludes Certain Shares 13. Percent of Class Represented 2.5% by amount in Row (11) 14. Type of Reporting Person IN Page 4 of 7 CUSIP No. 14727210-8 1. Name of Reporting Person Craig G. Skotdal S.S. or I.R.S. Identification ###-##-#### No. of Above Person 2. Check the Appropriate Box (a) [ ] if a Member of a Group (b) [X] 3. SEC Use Only 4. Source of Funds PF 5. Check Box if Disclosure of Legal [ ] Proceedings is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of United States Organization Number of 7. Sole Voting Power -0- Shares 8. Shared Voting Beneficially Power 51,120 Owned by 9. Sole Dispositive Each Report- Power -0- ing Person 10. Shared Dispositive With Power 51,120 11. Aggregate Amount Beneficially Owned by Each Reporting Person 51,120 12. Check Box if the Aggregate Amount [ ] in Row (11) Excludes Certain Shares 13. Percent of Class Represented 2.5% by amount in Row (11) 14. Type of Reporting Person IN Page 5 of 7 ITEM 1 - SECURITY AND ISSUER. Common stock, $0.01 par value Cascade Financial Corporation 2828 Colby Ave. Everett, Washington 98201 ITEM 2 - IDENTITY AND BACKGROUND This is an electronic format Amendment No. 1 to a paper format Schedule 13D, restated in electronic format as Exhibit B hereto, dated May 13, 1994, filed by and on behalf of the three reporting individuals, who may comprise a group pursuant to Section 13(d)(3) of the Securities Exchange Act of 1934 though they disclaim that they are such a group or beneficially own each other's shares. Their earlier Schedule 13D filing reported aggregate beneficial ownership of 5.0% of the issuer, and this amendment reports 6.1% (based upon 2,052,929 shares reported as outstanding in the issuer's last Form 10Q). (a) Name of Group Member: Arthur W. Skotdal (b) Address: 2910 Colby Ave., Suite 200, Everett, WA 98201 (c) Principal occupation and employer: Private investor in real estate and president of Skotdal Enterprises, Inc., a real estate development and management firm at 2910 Colby Ave., Suite 200, Everett, WA 98201. (c) Criminal convictions within five years: None (d) Securities law violations within five years: None (e) Citizenship: U.S.A. (a) Name of Group Member: Andrew P. Skotdal (b) Address: 3210 Mission Beach Dr., Marysville, WA 98270 (c) Principal occupation and employer: Manager at KRKO Radio, a radio station at 7115 Larmier Rd., Everett, WA 98208 (c) Criminal convictions within five years: None (d) Securities law violations within five years: None (e) Citizenship: U.S.A. (a) Name of Group Member: Craig G. Skotdal (b) Address: 2910 Colby Ave., Suite 300, Everett, WA 98201 (c) Principal occupation and employer: Manager at Skotdal Enterprises, Inc., a real estate development and management firm at 2910 Colby Ave., Suite 200, Everett, WA 98201. (c) Criminal convictions within five years: None (d) Securities law violations within five years: None (e) Citizenship: U.S.A. ITEM 3 - SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION Personal funds of $33,000 were used by Arthur W. Skotdal to purchase in the public market the 2,000 shares reported in Item 5. All individually immaterial purchases not previously reported by the reporting persons were also made in the public market with personal funds. ITEM 4 - PURPOSE OF TRANSACTION The shares were acquired solely for investment purposes. Members of the group may acquire additional shares for investment. Members of the group have no plans or proposals for any changes in management or directors, or extraordinary corporate changes or transactions, concerning the issuer. Page 6 of 7 ITEM 5 - INTEREST IN THE SECURITIES OF THE ISSUER For the group: (a) Number of securities owned beneficially: 124,240 (Without duplicating shares deemed owned by two or more group members.) Percentage of class: 6.1% Arthur W. Skotdal: (a) Number of securities owned beneficially: 124,240 Percentage of class: 6.1% (b) Sole voting power: 22,000 Shared voting power: 102,240 Sole dispositive power: 22,000 Shared dispositive power: 102,240 (c) Transactions in issuer's securities during past 60 days: 02/27/97 Purchased 2,000 shares at $16.50 per share through a broker. Andrew P. Skotdal: (a) Number of securities owned beneficially: 51,120 Percentage of class: 2.5% (b) Sole voting power: -0- Shared voting power: 51,120 Sole dispositive power: -0- Shared dispositive power: 51,120 (c) Transactions in issuer's securities during past 60 days: None. Craig G. Skotdal: (a) Number of securities owned beneficially: 51,120 Percentage of class: 2.5 (b) Sole voting power: -0- Shared voting power: 51,120 Sole dispositive power: -0- Shared dispositive power: 51,120 (c) Transactions in issuer's securities during past 60 days: None. For the Group: (d) No other persons are known to have the right to receive dividends from, or the proceeds from the sale of, any of the securities referred to in this item. (e) Date reporting person ceased to be 5% owner: Not applicable. Page 7 of 7 ITEM 6 - CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. There are no written agreements between the members of the group. Both Andrew P. Skotdal and Craig G. Skotdal are of legal age, and neither resides with their father, Arthur W. Skotdal. Because of the family relationship and the investment advice and assistance offered by the father to his sons, the three persons may be deemed a group under Section 13(d)(3) of the Act. ITEM 7 - MATERIAL TO BE FILED AS EXHIBITS Exhibit A is an agreement of the reporting persons that this statement is filed on behalf of each of them, as required by SEC Rule 13d-1(f)(1). Exhibit B is an electronic format restatement of the original written format Schedule 13D, dated May 13, 1994, filed by and on behalf of the three reporting individuals. SIGNATURES 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. March 14, 1997 Arthur W. Skotdal (Date) (Signature) March 14, 1997 Andrew P. Skotdal (Date) (Signature) March 14, 1997 Craig G. Skotdal (Date) (Signature) EX-99.A 2 EXHIBIT A AGREEMENT TO FILE JOINT SCHEDULE 13D/A We agree, in accordance with SEC Rule 13d-1(f)(1)(iii), that the Amendment No. 1 to Schedule 13D, to which this agreement is attached as an exhibit, is filed on behalf of each of us. March 14, 1997 Arthur W. Skotdal (Date) (Signature) March 14, 1997 Andrew P. Skotdal (Date) (Signature) March 14, 1997 Craig G. Skotdal (Date) (Signature) EX-99.B 3 EXHIBIT B Electronic format copy of paper Schedule 13D as filed at the Office of Thrift Supervision on May 21, 1994. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. ___)* Cascade Savings Bank, FSB (Name of Issuer) Common Stock, $1.00 Par Value (Title of Class of Securities) 147352-10-8 (CUSIP Number) Douglas A. Schafer P.O. Box 1134, Tacoma, WA 98401 (206) 383-2167 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 13, 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 this 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 of 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.) Page 2 of 7 CUSIP No. 147352-10-8 1. Name of Reporting Person Arthur W. Skotdal S.S. or I.R.S. Identification ###-##-#### No. of Above Person 2. Check the Appropriate Box (a) [ ] if a Member of a Group (b) [X] 3. SEC Use Only 4. Source of Funds PF 5. Check Box if Disclosure of Legal [ ] Proceedings is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of United States Organization Number of 7. Sole Voting Power -0- Shares 8. Shared Voting Beneficially Power 51,839 Owned by 9. Sole Dispositive Each Report- Power -0- ing Person 10. Shared Dispositive With Power 51,839 11. Aggregate Amount Beneficially Owned by Each Reporting Person 51,839 12. Check Box if the Aggregate Amount [ ] in Row (11) Excludes Certain Shares 13. Percent of Class Represented 5.0% by amount in Row (11) 14. Type of Reporting Person IN Page 3 of 7 CUSIP No. 147352-10-8 1. Name of Reporting Person Andrew P. Skotdal S.S. or I.R.S. Identification ###-##-#### No. of Above Person 2. Check the Appropriate Box (a) [ ] if a Member of a Group (b) [X] 3. SEC Use Only 4. Source of Funds PF 5. Check Box if Disclosure of Legal [ ] Proceedings is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of United States Organization Number of 7. Sole Voting Power -0- Shares 8. Shared Voting Beneficially Power 25,920 Owned by 9. Sole Dispositive Each Report- Power -0- ing Person 10. Shared Dispositive With Power 25,920 11. Aggregate Amount Beneficially Owned by Each Reporting Person 25,920 12. Check Box if the Aggregate Amount [ ] in Row (11) Excludes Certain Shares 13. Percent of Class Represented 2.5% by amount in Row (11) 14. Type of Reporting Person IN Page 4 of 7 CUSIP No. 147352-10-8 1. Name of Reporting Person Craig G. Skotdal S.S. or I.R.S. Identification ###-##-#### No. of Above Person 2. Check the Appropriate Box (a) [ ] if a Member of a Group (b) [X] 3. SEC Use Only 4. Source of Funds PF 5. Check Box if Disclosure of Legal [ ] Proceedings is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of United States Organization Number of 7. Sole Voting Power -0- Shares 8. Shared Voting Beneficially Power 25,920 Owned by 9. Sole Dispositive Each Report- Power -0- ing Person 10. Shared Dispositive With Power 25,920 11. Aggregate Amount Beneficially Owned by Each Reporting Person 25,920 12. Check Box if the Aggregate Amount [ ] in Row (11) Excludes Certain Shares 13. Percent of Class Represented 2.5% by amount in Row (11) 14. Type of Reporting Person IN Page 5 of 7 ITEM 1 - SECURITY AND ISSUER. Common stock, $1.00 par value Cascade Savings Bank, F.S.B. 2828 Colby Ave. Everett, Washington 98201 ITEM 2 - IDENTITY AND BACKGROUND This is an acquisition statement by and on behalf of three individuals who may comprise a group pursuant to Section 13(d)(3) of the Securities Exchange Act of 1934, though they disclaim that they are such a group or beneficially own each other's shares. (a) Name of Group Member: Arthur W. Skotdal (b) Address: 2910 Colby Ave., Suite 200, Everett, WA 98201 (c) Principal occupation and employer: Private investor in real estate and president of Skotdal Enterprises, Inc., a real estate development and management firm at 2910 Colby Ave., Suite 200, Everett, WA 98201. (c) Criminal convictions within five years: None (d) Securities law violations within five years: None (e) Citizenship: U.S.A. (a) Name of Group Member: Andrew P. Skotdal (b) Address: 3210 Mission Beach Dr., Marysville, WA 98270 (c) Principal occupation and employer: Manager at KRKO Radio, a radio station at 7115 Larmier Rd., Everett, WA 98208 (c) Criminal convictions within five years: None (d) Securities law violations within five years: None (e) Citizenship: U.S.A. (a) Name of Group Member: Craig G. Skotdal (b) Address: 2910 Colby Ave., Suite 300, Everett, WA 98201 (c) Principal occupation and employer: Student (c) Criminal convictions within five years: None (d) Securities law violations within five years: None (e) Citizenship: U.S.A. ITEM 3 - SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION The sum of $18,438 in personal funds was used to effect the recent purchase of shares as reported in Item 5. Prior purchases also were made with personal funds. Some shares were acquired by Andrew and Craig Skotdal by gift from Arthur Skotdal. ITEM 4 - PURPOSE OF TRANSACTION The shares were acquired solely for investment purposes. Members of the group may acquire additional shares for investment. Members of the group have no plans or proposals for any changes in management or directors, or extraordinary corporate changes or transactions, concerning the issuer. Page 6 of 7 ITEM 5 - INTEREST IN THE SECURITIES OF THE ISSUER For the group: (a) Number of securities owned beneficially: 51,839 (Without duplicating shares deemed owned by two or more group members.) Percentage of class: 5.02% Arthur W. Skotdal: (a) Number of securities owned beneficially: 51,839 (All of which are owned by the two other group members but as to which he may be considered as, but disclaims, sharing dispositive and voting power) Percentage of class: 5.02% (b) Sole voting power: -0- Shared voting power: 51,839 Sole dispositive power: -0- Shared dispositive power: 51,839 (c) Transactions in issuer's securities during past 60 days: 05/13/94 Gave 312 shares to Andrew P. Skotdal. 05/13/94 Gave 313 shares to Craig G. Skotdal. Andrew P. Skotdal: (a) Number of securities owned beneficially: 25,920 Percentage of class: 2.51 (b) Sole voting power: -0- Shared voting power: 25,920 Sole dispositive power: -0- Shared dispositive power: 25,920 (c) Transactions in issuer's securities during past 60 days: 05/13/94 Received 312 shares as gift from Arthur W. Skotdal. 05/13/94 Bought 625 shares at $14.75 per share through a broker. Craig G. Skotdal: (a) Number of securities owned beneficially: 25,919 Percentage of class: 2.51 (b) Sole voting power: -0- Shared voting power: 25,919 Sole dispositive power: -0- Shared dispositive power: 25,919 (c) Transactions in issuer's securities during past 60 days: Page 7 of 7 05/13/94 Received 313 shares as gift from Arthur W. Skotdal. 05/13/94 Bought 625 shares at $14.75 per share through a broker. For the Group: (d) No other persons are known to have the right to receive dividends from, or the proceeds from the sale of, any of the securities referred to in this item. (e) Date reporting person ceased to be 5% owner: Not applicable. ITEM 6 - CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE BANK There are no written agreements between the members of the group. Both Andrew P. Skotdal and Craig G. Skotdal are of legal age, and neither resides with their father, Arthur W. Skotdal. Because of the family relationship and the investment advice and assistance offered by the father to his sons, the three persons may be deemed a group under Section 13(d)(3) of the Act. ITEM 7 - MATERIAL TO BE FILED AS EXHIBITS Attached as Exhibit A is an agreement of the reporting persons that this statement is filed on behalf of each of them, as required by SEC Rule 13d-1(f)(1). SIGNATURES 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. May 19, 1994 Arthur W. Skotdal (Date) (Signature) May 19, 1994 Andrew P. Skotdal (Date) (Signature) May 19, 1994 Craig G. Skotdal (Date) (Signature) EXHIBIT A AGREEMENT TO FILE JOINT ACQUISITION STATEMENT We agree, in accordance with SEC Rule 13d-1(f)(1), that the SEC Schedule 13D to which this agreement is attached as an exhibit is filed on behalf of each of us. May 19, 1994 Arthur W. Skotdal (Date) (Signature) May 19, 1994 Andrew P. Skotdal (Date) (Signature) May 19, 1994 Craig G. Skotdal (Date) (Signature) -----END PRIVACY-ENHANCED MESSAGE-----