-----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, WUdM9wKyZFm2HgjDMhyKcLd67wjOyzl/B8eOv0no3JFe3pqVVvje2nx4/v0ce56M F9agLCWLU76To2DDpN01OQ== 0001035849-98-000004.txt : 19980317 0001035849-98-000004.hdr.sgml : 19980317 ACCESSION NUMBER: 0001035849-98-000004 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19980313 SROS: NASD GROUP MEMBERS: ANDREW P. SKOTDAL GROUP MEMBERS: CRAIG G. SKOTDAL GROUP MEMBERS: SKOTDAL ARTHUR W 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: SEC FILE NUMBER: 005-50657 FILM NUMBER: 98565219 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. 2)* 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 98401-1134 (253) 383-2167 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 27, 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 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 1 of 8 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 73,918 Shares 8. Shared Voting Beneficially Power 131,219 Owned by 9. Sole Dispositive Each Report- Power 73,918 ing Person 10. Shared Dispositive With Power 131,219 11. Aggregate Amount Beneficially Owned by Each Reporting Person 205,137 12. Check Box if the Aggregate Amount [ ] in Row (11) Excludes Certain Shares 13. Percent of Class Represented 6.0% by amount in Row (11) 14. Type of Reporting Person IN Page 2 of 8 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 63,776 Owned by 9. Sole Dispositive Each Report- Power -0- ing Person 10. Shared Dispositive With Power 63,776 11. Aggregate Amount Beneficially Owned by Each Reporting Person 63,776 12. Check Box if the Aggregate Amount [ ] in Row (11) Excludes Certain Shares 13. Percent of Class Represented 1.9% by amount in Row (11) 14. Type of Reporting Person IN Page 3 of 8 Pages 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 67,443 Owned by 9. Sole Dispositive Each Report- Power -0- ing Person 10. Shared Dispositive With Power 67,443 11. Aggregate Amount Beneficially Owned by Each Reporting Person 67,443 12. Check Box if the Aggregate Amount [ ] in Row (11) Excludes Certain Shares 13. Percent of Class Represented 2.0% by amount in Row (11) 14. Type of Reporting Person IN Page 4 of 8 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 Amendment No. 2 to the Schedule 13D 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 amended Schedule 13D filing reported aggregate beneficial ownership of 6.1% of the issuer. Their beneficial ownership percentage was reduced due to additional shares issued by the issuer, and it was reported as 5.0% in the issuer's proxy statement filed September 22, 1997. This Amendment No. 2 reports their beneficial ownership percentage as having increased by one percentage point from that percentage previously so reported. (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: P.O. Box 5267, Everett, WA 98206-5267 (c) Principal occupation and employer: Manager at KRKO Radio, a radio station at 7115 Larimer 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 Arthur W. Skotdal used personal funds of $225,667 to purchase in the public market the 15,550 shares reported in Item 5. Craig G. Skotdal used personal funds of $16,688 to purchase in the public market the 1,068 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. Page 5 of 8 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. ITEM 5 - INTEREST IN THE SECURITIES OF THE ISSUER For the group: (a) Number of securities owned beneficially: 205,137 (Without duplicating shares deemed owned by two or more group members.) Percentage of class: 6.0% Arthur W. Skotdal: (a) Number of securities owned beneficially: 205,137 Percentage of class: 6.0% (b) Sole voting power: 77,918 Shared voting power: 131,219 Sole dispositive power: 77,918 Shared dispositive power: 131,219 (c) Transactions in issuer's securities during past 60 days: 01/22/98--Purchased 6,250 shares at $13.38 per share through a broker. 02/06/98--Purchased 2,000 shares at $13.63 per share through a broker. 02/18/98--Purchased 500 shares at $15.75 per share through a broker. 02/18/98--Purchased 5,500 shares at $15.75 per share through a broker. 02/23/98--Purchased 1,300 shares at $15.63 per share through a broker. Andrew P. Skotdal: (a) Number of securities owned beneficially: 63,776 Percentage of class: 1.9% (b) Sole voting power: -0- Shared voting power: 63,776 Sole dispositive power: -0- Shared dispositive power: 63,776 (c) Transactions in issuer's securities during past 60 days: None. Craig G. Skotdal: (a) Number of securities owned beneficially: 67,443 Percentage of class: 2.0 (b) Sole voting power: -0- Shared voting power: 67,443 Sole dispositive power: -0- Shared dispositive power: 67,443 Page 6 of 8 (c) Transactions in issuer's securities during past 60 days: 02/27/98--Purchased 1,068 shares at $15.63 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 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). 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 6, 1998 Arthur W. Skotdal (Date) (Signature) March 6, 1998 Andrew P. Skotdal (Date) (Signature) March 6, 1998 Craig G. Skotdal (Date) (Signature) Page 7 of 8 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. 2 to Schedule 13D, to which this agreement is attached as an exhibit, is filed on behalf of each of us. March 6, 1998 Arthur W. Skotdal (Date) (Signature) March 6, 1998 Andrew P. Skotdal (Date) (Signature) March 6, 1998 Craig G. Skotdal (Date) (Signature) Page 8 of 8 -----END PRIVACY-ENHANCED MESSAGE-----