-----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, D+H2bkRVA32zkxCcdTFmRODr7lSH+GU32ApXH89BhmYyj5mVTy+ysU9ijycwnWi/ t84vYb1crO+KP16dZI7T0A== 0000950129-04-003654.txt : 20040527 0000950129-04-003654.hdr.sgml : 20040527 20040526193015 ACCESSION NUMBER: 0000950129-04-003654 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040527 GROUP MEMBERS: AMERICAN ASSETS INC GROUP MEMBERS: AVRETT ENTERPRISES LTD GROUP MEMBERS: CANPAC ENTERPRISES LTD GROUP MEMBERS: DHM TRUST GROUP MEMBERS: ERNEST S RADY AND ERNEST S RADY TRUST GROUP MEMBERS: EVELYN SHIRLEY RADY AND EVELYN SHIRLEY RADY TRUST GROUP MEMBERS: EXPLORER INSURANCE COMPANY GROUP MEMBERS: INSURANCE COMPANY OF THE WEST GROUP MEMBERS: MEMRAD HOLDINGS INC GROUP MEMBERS: SILPIT INDUSTRIES CO LTD GROUP MEMBERS: WESTERN FINANCIAL BANK GROUP MEMBERS: WESTERN INSURANCE HOLDINGS INC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WFS FINANCIAL INC CENTRAL INDEX KEY: 0000946343 STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141] IRS NUMBER: 330291646 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-49909 FILM NUMBER: 04833402 BUSINESS ADDRESS: STREET 1: 23 PASTEUR RD CITY: IRVINE STATE: CA ZIP: 92618-3804 BUSINESS PHONE: 9497271000 MAIL ADDRESS: STREET 1: 23 PASTEUR RD CITY: IRVINE STATE: CA ZIP: 92618-3804 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WESTCORP /CA/ CENTRAL INDEX KEY: 0000813461 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 510308535 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 23 PASTEUR RD CITY: IRVINE STATE: CA ZIP: 92618-3804 BUSINESS PHONE: 9497271000 MAIL ADDRESS: STREET 1: 23 PASTEUR RD CITY: IRVINE STATE: CA ZIP: 92718-3804 FORMER COMPANY: FORMER CONFORMED NAME: WESTCORP INC DATE OF NAME CHANGE: 19900917 SC 13D/A 1 v99330a2sc13dza.txt SCHEDULE 13D/A SCHEDULE 13D/A (Rule 13d-101) Information to be Included in Statements Filed Pursuant to Rule 13d-1(a) and Amendments Thereto Filed Pursuant to Rule 13d-2(a) SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Under the Securities Exchange Act of 1934 (Amendment No. 3)* WFS FINANCIAL INC -------------------------------------------------------- (Name of Issuer) Common Stock, without par value -------------------------------------------------------- (Title of Class of Securities) 92923B -------------------------------------------------------- (CUSIP Number) ERNEST S. RADY Chairman of the Board WFS Financial Inc 23 Pasteur Road Irvine, CA 92718-3804 -------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 23, 2004 -------------------------------------------------------- (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)(f) or (g), 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). CUSIP No. 92923B 13D Page 2 of 30 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON WESTCORP IRS ID No. 51-0308535 - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS (See Instructions) WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 84.03% (based on 41,035,969 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* HC ============================================================================== CUSIP No. 92923B 13D Page 3 of 30 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON WESTERN FINANCIAL BANK IRS ID No. 94-2504080 - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS (See Instructions) WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION PRINCIPAL PLACE OF BUSINESS: CALIFORNIA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 84.03% (based on 41,035,969 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON (See Instructions) BK ============================================================================== CUSIP No. 92923B 13D Page 4 of 30 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ERNEST S. RADY AND ERNEST S. RADY TRUST Social Security No. ###-##-#### - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS (See Instructions) PF - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 84.03% (based on 41,035,969 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON (See Instructions) OO + IN ============================================================================== CUSIP No. 92923B 13D Page 5 of 30 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON EVELYN SHIRLEY RADY AND EVELYN SHIRLEY RADY TRUST Social Security No. ###-##-#### - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS (See Instructions) PF - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 84.03% (based on 41,035,969 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON (See Instructions) OO + IN ============================================================================== CUSIP No. 92923B 13D Page 6 of 30 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON AVRETT ENTERPRISES, LTD. I.R.S. ID NO. (No I.R.S. ID No. as it is a Canadian corporation) - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS (See Instructions) WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION CANADA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 84.03% (based on 41,035,969 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON (See Instructions) CO ============================================================================== CUSIP No. 92923B 13D Page 7 of 30 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SILPIT INDUSTRIES CO., LTD. I.R.S. ID NO. (No I.R.S. ID No. as it is a Canadian corporation) - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS (See Instructions) WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION CANADA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 84.03% (based on 41,035,969 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON (See Instructions) CO ============================================================================== CUSIP No. 92923B 13D Page 8 of 30 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON MEMRAD HOLDINGS, LTD. I.R.S. ID NO. (No I.R.S. ID No. as it is a Canadian corporation) - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS (See Instructions) WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION CANADA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 84.03% (based on 41,035,969 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON (See Instructions) CO ============================================================================== CUSIP No. 92923B 13D Page 9 of 30 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON AMERICAN ASSETS, INC. I.R.S. ID NO. 95-249-3347 - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS (See Instructions) WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 84.03% (based on 41,035,969 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON (See Instructions) CO ============================================================================== CUSIP No. 92923B 13D Page 10 of 30 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON CANPAC ENTERPRISES, LTD. I.R.S. ID NO. (No I.R.S. ID No. as it is a Canadian corporation) - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS (See Instructions) WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION CANADA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 84.03% (based on 41,035,969 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON (See Instructions) CO ============================================================================== CUSIP No. 92923B 13D Page 11 of 30 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON WESTERN INSURANCE HOLDINGS, INC. I.R.S. ID NO. 95-2890041 - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS (See Instructions) WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 84.03% (based on 41,035,969 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON (See Instructions) IC ============================================================================== CUSIP No. 92923B 13D Page 12 of 30 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON INSURANCE COMPANY OF THE WEST I.R.S. ID NO. 95-2769232 - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS (See Instructions) WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 84.03% (based on 41,035,969 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON (See Instructions) IC ============================================================================== CUSIP No. 92923B 13D Page 13 of 30 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON EXPLORER INSURANCE COMPANY I.R.S. ID NO. 94-2784519 - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS (See Instructions) WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION ARIZONA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 84.03% (based on 41,035,969 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON (See Instructions) IC ============================================================================== CUSIP No. 92923B 13D Page 14 of 30 Pages ============================================================================== 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON DHM Trust I.R.S. ID NO. 33-6003176 - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS (See Instructions) PF - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION CANADA - ------------------------------------------------------------------------------ 7) SOLE VOTING POWER SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER NUMBER OF --------------------------------------------------------------- SHARES 8) SHARED VOTING POWER BENEFICIALLY OWNED BY EACH --------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON WITH SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER --------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON SEE ITEM 5 INTEREST IN SECURITIES OF THE ISSUER - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 84.03% (based on 41,035,969 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON (See Instructions) OO ============================================================================== Item 1. Security and Issuer. Common Stock, no par value WFS FINANCIAL INC 23 Pasteur Road Irvine, CA 92718-3804 Item 2. Identity and Background. WESTCORP (a) Westcorp (b) The principal business address is: 23 Pasteur Irvine, CA 92618 (c) Current conviction during the last five years: None (d) Securities Laws proceedings: None (e) United States Corporation. WESTERN FINANCIAL BANK (a) Western Financial Bank (b) The principal business address is: 15750 Alton Parkway Irvine, CA 92618 (c) Current conviction during the last five years: None (d) Securities Laws proceedings: None (e) United States Corporation. ERNEST S. RADY AND ERNEST S. RADY TRUST (a) Ernest S. Rady and Ernest S. Rady, Trustee Mr. Rady's address is: 8144 Prestwick Drive La Jolla, CA 92037 (b) The Trust's principal business address is: 11455 El Camino Real, Suite 200 San Diego, CA 92130-2045 Attn: Ernest S. Rady, Trustee (c) Mr. Rady, the Trustee of the above referenced trust is the Chairman, President and Chief Executive Officer of the Issuer and is an executive officer and/or director of many of the reporting parties included in this Schedule 13D. (d) Current conviction during the last five years: None (e) Securities laws proceedings: None. (f) Citizenship: USA EVELYN SHIRLEY RADY AND EVELYN SHIRLEY RADY TRUST (a) Evelyn Shirley Rady and Ernest S. Rady, Trustee Mrs. Rady's address is: 8144 Prestwick Drive La Jolla, CA 92037 (b) The Trust's principal business address is: 11455 El Camino Real, Suite 200 San Diego, CA 92130-2045 Attn: Ernest S. Rady, Trustee (c) Mr. Rady, the Trustee of the above referenced trust is the Chairman, President and Chief Executive Officer of the Issuer and is an executive officer and/or director of many of the reporting parties included in this Schedule 13D. (d) Current conviction during the last five years: None (e) Securities laws proceedings: None (f) Citizenship: USA Page 15 of 30 Pages AVRETT ENTERPRISES, LTD. (a) Avrett Enterprises, Ltd. (b) The principal business address is: Avrett Enterprises, Ltd. 70 Arthur Street Winnipeg, Manitoba Canada R3B 1G7 (c) Current conviction during the last five years: None (d) Securities laws proceedings: None (e) Canadian corporation. SILPIT INDUSTRIES CO., LTD. (a) Silpit Industries Co., Ltd. (b) The principal business address is: Silpit Industries Co., Ltd. 70 Arthur Street Winnipeg, Manitoba Canada R3B 1G7 (c) Current conviction during the last five years: None (d) Securities Laws proceedings: None (e) California corporation. MEMRAD HOLDINGS, LTD. (a) Memrad Holdings, Ltd. (b) The principal business address is: Memrad Holdings, Ltd. 903-213 Notre Dame Avenue Winnipeg, Manitoba Canada R3B 1N3 (c) Current conviction during the last five years: None (d) Securities Laws proceedings: None (e) Canadian corporation. AMERICAN ASSETS, INC. (a) American Assets, Inc. (b) The principal business address is: American Assets, Inc. 11455 El Camino Real San Diego, California 92130-2045 (c) Current conviction during the last five years: None (d) Securities Laws proceedings: None (e) California corporation. Page 16 of 30 Pages CANPAC ENTERPRISES, LTD. (a) Canpac Enterprises, Ltd. (b) The principal business address is: Canpac Enterprises, Ltd. 70 Arthur Street Winnipeg, Manitoba Canada R3B 1G7 (c) Current conviction during the last five years: None (d) Securities Laws proceedings: None (e) Canadian corporation. WESTERN INSURANCE HOLDINGS, INC. (a) Western Insurance Holdings, Inc. (b) The principal business address is: Western Insurance Holdings, Inc. 11455 El Camino Real San Diego, California 92130-2045 (c) Current conviction during the last five years: None (d) Securities Laws proceedings: None (e) California corporation. INSURANCE COMPANY OF THE WEST (a) Insurance Company of the West (b) The principal business address is: Insurance Company of the West 11455 El Camino Real San Diego, California 92130-2045 (c) Current conviction during the last five years: None (d) Securities Laws proceedings: None (e) California corporation. EXPLORER INSURANCE COMPANY (a) Explorer Insurance Company (b) The principal business address is: Explorer Insurance Company 11455 El Camino Real San Diego, California 92130-2045 (c) Current conviction during the last five years: None (d) Securities Laws proceedings: None (e) Arizona corporation. DHM TRUST (a) DHM Trust, Ernest S. Rady, Trustee Mr. Rady's address is: 8144 Prestwick Drive La Jolla, CA 92037 (b) The Trust's principal business address is: 11455 El Camino Real San Diego, CA 92130-2045 Attn: Ernest S. Rady, Trustee (c) Mr. Rady, the Trustee of the above referenced trust is the Chairman, President and Chief Executive Officer of the Issuer and is an executive officer and/or director of many of the reporting parties included in the Schedule 13D. (d) Current conviction during last five years: None (e) Securities laws proceedings: None (f) Citizenship: USA Identification of Members of the Group (a) Westcorp
Names and Addresses of Officers and Directors as of May 24, 2004 Title -------------------------------------- ----- Ernest S. Rady Chairman of the Board, Chief Executive 11455 El Camino Real Suite 200 Officer and Director San Diego, CA 92130 Thomas Wolfe President and Director 23 Pasteur Irvine, CA 92618 Lee A. Whatcott Executive Vice President, 23 Pasteur Chief Financial Officer and Chief Operating Officer Irvine, CA 92618 Dawn Martin Senior Vice President and Chief 23 Pasteur Information Officer Irvine, CA 92618 Richard Banes Vice President and Director of 23 Pasteur Audit Services Irvine, CA 92618 Guy Du Bose Vice President, Secretary and 23 Pasteur General Counsel Irvine, CA 9268 Mark Olson Vice President and Controller 23 Pasteur Irvine, CA 9268 J. Keith Palmer Vice President and Treasurer 23 Pasteur Irvine, CA 92618 Judith Bardwick Director 23 Pasteur Irvine, CA 92618 Robert Barnum Director 23 Pasteur Irvine, CA 92618 James Dowlan Director 23 Pasteur Irvine, CA 92618 Duane A. Nelles Director 23 Pasteur Irvine, CA 926818 Harry Rady Director 23 Pasteur Irvine, CA 92618 Charles E. Scribner Director 23 Pasteur Irvine, CA 92618-3804
Western Financial Bank
(a) Western Financial Bank Names and Addresses of Officers and Directors as of May 24, 2004 Title -------------------------------------- ----- Ernest S. Rady Chairman of the Board, 11455 El Camino Real Suite 200 Chief Executive Officer and San Diego, CA 92130 Director Charles E. Scribner Vice Chairman and Director 23 Pasteur Irvine, CA 92618 James Tecca President of Commercial Banking 23 Pasteur Vice Chairman Irvine, CA 92618 Thomas Wolfe President, Vice Chairman and Director 23 Pasteur Irvine, CA 92618 Lee A. Whatcott Senior Executive Vice President, 23 Pasteur Chief Financial Officer and Chief Irvine, CA 92618 Operating Officer Dawn Martin Executive Vice President and 23 Pasteur Chief Information Officer Irvine, CA 92618 Richard Banes Executive Vice President and 23 Pasteur Director of Audit Services Irvine, CA 92618 Joy Bagnall Senior Vice President 23 Pasteur Irvine, CA 92618 John DeCero Senior Vice President 23 Pasteur Irvine, CA 92618 Guy Du Bose Senior Vice President, Secretary 23 Pasteur and General Counsel Irvine, CA 92618 Doak Kraus Senior Vice President 23 Pasteur Irvine, CA 92618 John Lawrence Senior Vice President 23 Pasteur Irvine, CA 92618 Mark Olson Senior Vice President and Controller 23 Pasteur Irvine, CA 92618 J. Keith Palmer Senior Vice President and Treasurer 23 Pasteur Irvine, CA 92618 Shelly Chase Senior Vice President 23 Pasteur Irvine, CA 92618 Jon Wilcox Senior Vice President 23 Pasteur Irvine, CA 92618 Judith Bardwick Director 23 Pasteur Irvine, CA 92618 Robert Barnum Director 23 Pasteur Irvine, CA 92618 Duane A. Nelles Director 23 Pasteur Irvine, CA 926818 Harry Rady Director 23 Pasteur Irvine, CA 92618 Charles Schribner Director 23 Pasteur Irvine, CA 92618 James Dowlan Director 23 Pasteur Irvine, CA 92618
The Ernest S. Rady Trust (a) Ernest S. Rady, Trustee Page 17 of 30 Pages Evelyn Shirley Rady (a) Ernest S. Rady, Trustee Avrett Enterprises, Ltd. (a) Avrett Enterprises, Ltd.
Names and Addresses of Officers and Directors as of May 24, 2004 Title -------------------------------------- ----- Sylvia Silverberg President, Director 70 Arthur Street Winnipeg, Manitoba Canada R3B 1G7 Evelyn Rady Vice President, Director 8144 Prestwick Drive La Jolla, CA 92037 Ernest S. Rady Vice President 8144 Prestwick Drive La Jolla, CA 92037 Nora Kaufman Secretary, Treasurer, Director 70 Arthur Street Winnipeg, Manitoba Canada R3B 1G7
Silpit Industries Co., Ltd.
Names and Addresses of Officers and Directors as of May 24, 2004 Title -------------------------------------- ----- (a) Silpit Industries Co., Ltd. David S. Kaufman President, Director 70 Arthur Street Winnipeg, Manitoba Canada R3B 1G7 Nora Kaufman Secretary, Treasurer, Director 70 Arthur Street Winnipeg, Manitoba Canada R3B 1G7
Page 18 of 30 Pages Evelyn Rady Director 8144 Prestwick Drive La Jolla, CA 92037 Sylvia Silverberg Director 70 Arthur Streer Winnipeg, Manitoba Canada R3B 1G7 Allan Kaufman Director 70 Arthur Street Winnipeg, Manitoba Canada R3B 1G7
Memrad Holdings, Ltd.
Names and Addresses of Officers and Directors as of May 24, 2004 Title -------------------------------------- ----- (a) Memrad Holdings, Ltd. Ernest S. Rady President, Director 8144 Prestwick Drive La Jolla, CA 92037 Marjorie Blankstein Treasurer, Director 903-213 Notre Dame Avenue Winnipeg, Manitoba Canada R3B 1N3 Morley Blankstein Vice President 903-213 Notre Dame Avenue Winnipeg, Manitoba Canada R3B 1N3 Mindel Olenick Assistant Secretary, Director 903-213 Notre Dame Avenue Winnipeg, Manitoba Canada R3B 1N3 Thomas Z. Olenick Vice President 903-213 Notre Dame Avenue Winnipeg, Manitoba Canada R3B 1N3
Page 19 of 30 Pages Brian Hirsch Secretary 903-213 Notre Dame Avenue Winnipeg, Manitoba Canada R3B 1N3 American Assets, Inc. (a) American Assets, Inc., a California corporation
Names and Addresses of Officers and Directors as of May 24, 2004 Title ------------------------------------- ----- Ernest S. Rady Chairman of the Board, President 8144 Prestwick Drive La Jolla, CA 92037 Harry M. Rady Director 11455 El Camino Real #200 San Diego, CA 92130-2045 John J. Chamberlain Chief Executive Officer, Senior 11455 El Camino Real #200 Executive Vice President San Diego, CA 92130-2045 Allen Garrett Executive Vice President, Chief 11455 El Camino Real #200 Operating Officer San Diego, CA 92130-2045 Robert F. Barton Vice President, Chief Financial 11455 El Camino Real #200 Officer, Secretary San Diego, CA 92130-2045 James R. Cronemeyer Executive Vice President, 11455 El Camino Real #200 Residential Properties San Diego, CA 92130-2045
Page 20 of 30 Pages Canpac Enterprises, Ltd. (a) Canpac Enterprises, Ltd.
Names and Addresses of Officers and Directors as of May 24, 2004 Title ------------------------------------- ----- Ernest S. Rady President, Director 8144 Prestwick Drive La Jolla, CA 92037 Brian Hirsch Secretary, Treasurer, Director 903-213 Notre Dame Avenue Winnipeg, Manitoba Canada R3B 1N3 David S. Kaufman 11455 El Camino Real, #200 Director San Diego, CA 92130-2045
Western Insurance Holdings, Inc.
Names and Addresses of Officers and Directors as of May 24, 2004 Title ------------------------------------- ----- (a) Western Insurance Holdings, Inc. Ernest S. Rady Chairman of the Board, President 8144 Prestwick Drive La Jolla, CA 92037 Bernard M. Feldman Director 11455 El Camino Real #200 San Diego, CA 92130-2045 Harry Rady Director 11455 El Camino Real #200 San Diego, CA 92130-2045 John L. Hannum Executive Vice President 11455 El Camino Real #200 San Diego, CA 92130-2045 H. Michael Freet Senior Vice President, Treasurer, 11455 El Camino Real #200 Director San Diego, CA 92130-2045 James W. Austin III Secretary 11455 El Camino Real #200 San Diego, CA 92130-2045 Mary E. Cannon Assistant Secretary 11455 El Camino Real #200 San Diego, CA 92130-2045
Page 21 of 30 Pages Insurance Company of the West (a) Insurance Company of the West
Names and Addresses of Officers and Directors as of May 24, 2004 Title --------------------------------- ----- Ernest S. Rady Chairman of the Board, President, 11455 El Camino Real #200 Director San Diego, CA 92130-2045 Bernard M. Feldman Director 11455 El Camino Real #200 San Diego, CA 92130-2045 Richard S. King Director 11455 El Camino Real #200 San Diego, CA 92130-2045 Arne D. Wagner Director 11455 El Camino Real #200 San Diego, CA 92130-2045 Bruce N. Moore Director 11455 El Camino Real #200 San Diego, CA 92130-2045 James B. Rathbun Director 11455 El Camino Real #200 San Diego, CA 92130-2045 Charles E. Scribner Director 11455 El Camino Real #200 San Diego, CA 92130-2045 Fredericka Taubitz Director 11455 El Camino Real #200 San Diego, CA 92130-2045 Harry Rady Director 11455 El Camino Real #200 San Diego, CA 92130-2045 H. Michael Freet Senior Vice President, Treasurer 11455 El Camino Real #200 San Diego, CA 92130-2045 John L. Hannum Executive Vice President 11455 El Camino Real #200 San Diego, CA 92130-2045
Page 22 of 30 Pages Kevin M. Prior Senior Vice President 11455 El Camino Real #200 San Diego, CA 92130-2045 James W. Austin III Senior Vice President, Secretary 11455 El Camino Real #200 and General Counsel San Diego, CA 92130-2045 Gene P. Irizarry Senior Vice President 11455 El Camino Real #200 San Diego, CA 92130-2045 Dennis E. Osgood Senior Vice President 11455 El Camino Real #200 San Diego, CA 92130-2045
Page 23 of 30 Pages Explorer Insurance Company (a) Explorer Insurance Company
Names and Addresses of Officers and Directors as of May 24, 2004 Title --------------------------------- ----- Ernest S. Rady Chairman of the Board, President, 11455 El Camino Real #200 Director San Diego, CA 92130-2045 Bernard M. Feldman Director 11455 El Camino Real #200 San Diego, CA 92130-2045 Frederick Bernard Tisovic Executive Vice President, Director 11455 El Camino Real #200 San Diego, CA 92130-2045 James W. Austin III Director 11455 El Camino Real #200 San Diego, CA 92130-2045 H. Michael Freet Senior Vice President, 11455 El Camino Real #200 Treasurer, Director San Diego, CA 92130-2045 John L. Hannum Executive Vice President 11455 El Camino Real #200 San Diego, CA 92130-2045 Mary E. Cannon Secretary 11455 El Camino Real #200 San Diego, CA 92130-2045
Page 24 of 30 Pages DHM Trust (a) Ernest S. Rady Trustee
DHM TRUST (a) DHM Trust
Names and Addresses of Officers and Directors as of May 24, 2004 Title --------------------------------- ----- Ernest S. Rady Trustee 8144 Prestwick Drive La Jolla, CA 92037
Page 25 of 30 Pages Item 3. Source and Amount of Funds and Other Consideration. The consideration paid for the securities purchased was cash from working capital. Item 4. Purpose of Transaction. Although the purpose of the transaction was originally investment, the affiliated group of persons executing this report, who control directly or indirectly approximately 84% of the issuer, have determined to acquire, by merger of the issuer into Western Financial Bank, the direct holder of that approximately 84% of the issuer, the approximately 16% of the issuer held by public investors. In that regard, Westcorp, Western Financial Bank and the issuer entered into a definitive merger agreement on May 23, 2004 pursuant to which the issuer will be merged into Western Financial Bank and all shareholder of the issuer other than Western Financial Bank will receive 1.11 shares of Westcorp common stock for each share of the issuer's common stock held by them. Item 5. Interest in Securities of the Issuer. This filing is for the cumulative share holdings of an affiliated group as of the close of business on May 24, 2004. The various entities named in this Schedule 13D directly or indirectly collectively owned, as of such date, 34,481,698 outstanding shares of Common Stock of the Issuer representing approximately 84.03% of the outstanding shares of Common Stock of the Issuer. At this date, there are 21,198 options exercisable by members of the affiliated group within 60 days. Exhibit A attached hereto and incorporated by this reference herein depicts the relationship among the various affiliated companies in the "Rady" group as well as the ownership interests of Westcorp and Western Financial Bank (which entities are controlled by the Rady Group). There is no formal agreement to vote or dispose of the shares of the issuer in a particular manner. The dispositive and voting power of each of the trusts and companies shown on Exhibit A is made independent of each other, except to the extent that Mr. and Mrs. Rady may be shareholders, officers and/or directors of the various companies and in that respect are able to control the disposition and voting of the shares of the Issuer owned by each such company. No securities transactions occurred in the sixty (60) day period preceding May 24, 2004: Page 26 of 30 Pages Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. See discussion under Items 4 and 5, above. Additionally, pursuant to the provisions of the Ernest S. Rady Trust and the Evelyn S. Rady Trust, Ernest S. Rady, as trustee, has the power to sell, buy, retain, invest and reinvest the trusts' assets, which include shares of the Issuer's Common Stock. Item 7. Material to be Filed as Exhibits. Exhibit A: Organizational Chart of Rady Entities beneficially holding shares in WFS Financial Inc. Page 27 of 30 Pages 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. Westcorp Dated: May 25, 2004 By: /s/ Ernest S. Rady ----------------------------------- Ernest S. Rady, Chairman Western Financial Bank Dated: May 25, 2004 By: /s/ Ernest S. Rady ----------------------------------- Ernest S. Rady, Chairman Ernest S. Rady Trust Dated: May 25, 2004 /s/ Ernest S. Rady -------------------------------------- Ernest S. Rady, Trustee Evelyn Shirley Rady Trust Dated: May 25, 2004 /s/ Ernest S. Rady -------------------------------------- Ernest S. Rady, Trustee American Assets, Inc. Dated: May 25, 2004 By: /s/ Ernest S. Rady ---------------------------------- Ernest S. Rady, Chairman Avrett Enterprises, Ltd. Dated: May 25, 2004 By: /s/ Ernest S. Rady ----------------------------------- Ernest S. Rady, Vice President Canpac Enterprises, Ltd. Dated: May 25, 2004 By: /s/ Ernest S. Rady ---------------------------------- Ernest S. Rady, President Insurance Company of the West Dated: May 25, 2004 By: /s/ Ernest S. Rady ---------------------------------- Ernest S. Rady, Chairman
Page 28 of 30 Pages Memrad Holdings, Ltd. Dated: May 25, 2004 By: /s/ Ernest S. Rady ----------------------------------- Ernest S. Rady, President Silpit Industries Co., Ltd. Dated: May 25, 2004 By: /s/ Ernest S. Rady ----------------------------------- Ernest S. Rady, Chairman Western Insurance Holdings, Inc. Dated: May 25, 2004 By: /s/ Ernest S. Rady ----------------------------------- Ernest S. Rady, Chairman Explorer Insurance Inc. Dated: May 25, 2004 By: /s/ Ernest S. Rady ----------------------------------- Ernest S. Rady, Chairman DHM Trust Dated: May 25, 2004 By: /s/ Ernest S. Rady ----------------------------------- Ernest S. Rady, Trustee Ernest S. Rady Dated: May 25, 2004 By: /s/ Ernest S. Rady ----------------------------------- Ernest S. Rady Evelyn Shirley Rady Dated: May 25, 2004 By: /s/ Evelyn Shirley Rady ----------------------------------- Evelyn Shirley Rady
Page 29 of 30 Pages EXHIBIT A ORGANIZATIONAL CHART OF RADY ENTITIES BENEFICIALLY HOLDING SHARES IN WFS FINANCIAL INC AS OF MAY 24, 2004 ----------------- ------------------ - -----------ERNEST RADY------------ ---------EVELYN RADY------------------ / / TRUST / / / TRUST / / / / -------------- / / /------------------------- / / / / / / 62.46% / / / / / / / 47.00% / / / / 50% / / / / / / / / / / / / / ----------------/ / ------------------------ / / / MEMRAD HOLDINGS,/ / / AVRETT ENTERPRISES--------/ / / / LTD. / / 25.9% LTD. / / / / / ----------------/ / /------------------------ / / / / / / / / / / / / / / / 11.69% / / 35.9% / / / / / / / / / / / / / / / / / /------------------------- / / / / / / / / /---SILPIT INDUSTRIES / 2.17% / / 9.70% / / / / CO. LTD. / / / / / / / / /-------------------------- / / / / 56.61% / / / 25.36% / / 8.24% / / / / /-------------------------- / / / / / / ----------CANPAC ENTERPRISES, LTD.--- / / / / / ------------------------ / / / / / / / / / / /-----------------------/----------/ / / / /-------------------/ 16.7% / / / / / /---AMERICAN ASSETS-/------------- / / / / / / INC. / / / / -------------------------- / / / / / / / / / / 87.12% / / / --------- ---------------------------- / 0.56% / / / / / / /36.38% --------------------- / / -------------------------------------- WESTERN INS. HOLDINGS / / / / --------------------- / / / / / / / /.73% / / 100% / / / / / / / / / ------------------------- / / / / ------------------------- INSURANCE CO. OF THE WEST / / ---------- / / ------------------------- / / DHM TRUST-- / / / / / ----------/ / 7.36% / 100% / / / / / / / / / / / ---------------------- / / 0.93% / / ------------------------- EXPLORER INSURANCE CO. / / / / / / 0.05% ---------------------- / / / / / / / / / -------------- / - ------------- WESTCORP -------------------------------------------------- -------------- / / 100% / ----------------- WESTERN FINANCIAL BANK ----------------- / / 84.03% / ----------------- WFS FINANCIAL ----------------- Page 30 of 30 Pages -----END PRIVACY-ENHANCED MESSAGE-----