-----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, Hm/rxu7sVM6Lko8hw8IcSqFyFvlvseJLDmU7SSpn3IIWka4LQWTsaTJbL3hJ4i/n NAQklQF3ULzeM04SvuLLSQ== 0000950148-98-000390.txt : 19980302 0000950148-98-000390.hdr.sgml : 19980302 ACCESSION NUMBER: 0000950148-98-000390 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980227 SROS: NYSE 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 LTD GROUP MEMBERS: SILPIT INDUSTRIES CO LTD GROUP MEMBERS: WESTCORP GROUP MEMBERS: WESTCORP /CA/ 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 SEC ACT: SEC FILE NUMBER: 005-49909 FILM NUMBER: 98551194 BUSINESS ADDRESS: STREET 1: 23 PASTEUR RD CITY: IRVINE STATE: CA ZIP: 92713-9762 BUSINESS PHONE: 7147271000 MAIL ADDRESS: STREET 1: 23 PASTEUR RD CITY: IRVINE STATE: CA ZIP: 92718-9762 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 BUSINESS ADDRESS: STREET 1: 23 PASTEUR RD CITY: IRVINE STATE: CA ZIP: 92718 BUSINESS PHONE: 7147271000 MAIL ADDRESS: STREET 1: 23 PASTEUR RD CITY: IRVINE STATE: CA ZIP: 92718 FORMER COMPANY: FORMER CONFORMED NAME: WESTCORP INC DATE OF NAME CHANGE: 19900917 SC 13D 1 SCHEDULE 13D 1 -------------------------- OMB APPROVAL -------------------------- OMB Number: 3235-0145 Expires: October 31, 1994 Estimated average burden hours per response: 14.90 -------------------------- SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 Initial Filing - Changeover From Schedule 13G Reporting WFS FINANCIAL INC -------------------------------------------------------- (Name of Issuer) Common Stock, without par value -------------------------------------------------------- (Title of Class of Securities) 92923B -------------------------------------------------------- (CUSIP Number) ERNEST S. RADY President WFS Financial Inc 23 Pasteur Road Irvine, CA 92718-3804 -------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) November 14, 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 the statement [ ]. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Continued on following page(s)) Page 1 of 30 Pages 2 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* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* 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* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 84.48% (based on 25,736,111 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* HC ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! 3 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* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* 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* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 84.48% (based on 25,736,111 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* BK ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! 4 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* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 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 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* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 84.48% (based on 25,736,111 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* OO + IN ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! 5 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* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 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 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* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 84.48% (based on 25,736,111 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* OO + IN ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! 6 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* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* 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* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 84.48% (based on 25,736,111 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* CO ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! 7 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* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* 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* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 84.48% (based on 25,736,111 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* CO ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! 8 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* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* 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* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 84.48% (based on 25,736,111 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* CO ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! 9 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* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* 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* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 84.48% (based on 25,736,111 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* CO ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! 10 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* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* 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* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 84.48% (based on 25,736,111 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* CO ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! 11 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* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* 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* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 84.48% (based on 25,736,111 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* IC ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! 12 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* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* 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* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 84.48% (based on 25,736,111 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* IC ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! 13 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* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* 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* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 84.48% (based on 25,736,111 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* IC ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! 14 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* (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 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 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* [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 84.48% (based on 25,736,111 shares outstanding) - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON* OO ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! 15 Item 1. Security and Issuer. Common Stock, $1.00 par value WFS FINANCIAL INC 23 Pasteur Road Irvine, CA 92718-3804 WESTCORP (a) Westcorp (b) The principal business address is: 23 Pasteur Road Irvine, CA 92718-3804 (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: 16485 Laguna Canyon Road Irvine, CA 92618-3820 (c) Current conviction during the last five years: None (d) Securities Laws proceedings: None (e) United States Corporation. Item 2. Identity and Background. 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 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: CANADA EVERLY 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 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: CANADA Page 15 of 30 Pages 16 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 17 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: Canada Identification of Members of the Group (a) Westcorp
Names and Addresses of Officers and Directors as of November 24, 1997 Title ------------------------------------- ----- Ernest S. Rady Chairman of the Board, President 1844 Prestwick Drive and Chief Executive Officer La Jolla, California 92037 Donald H. Kasle Senior Executive Vice President & 16485 Laguna Canyon Road Chief Administrative Officer, Irvine, California 92618-3820 Director Joy Schaefer Senior Executive Vice President & 23 Pasteur Road Chief Operating Officer Irvine, California 92718-3804 Harriet Burns Feller Executive Vice President, General 23 Pasteur Road Counsel & Secretary Irvine, California 92718-3804 Lee A. Whatcott Senior Vice President, Chief 23 Pasteur Road Financial Officer & Controller Irvine, California 92718-3804 J. Keith Palmer Vice President & Treasurer 23 Pasteur Road Irvine, California 92718-3804 Richard W. Stephan Senior Vice President 23 Pasteur Road Irvine, California 92718-3804 Joan C. Van Winkle Assistant Vice President & 23 Pasteur Road Assistant Secretary Irvine, California 92718-3804 Judith M. Bardwick Director 23 Pasteur Road Irvine, California 92718-3804 William J. Crawford Director 23 Pasteur Road Irvine, California 92718-3804 Alan L. Milligan Director 23 Pasteur Road Irvine, California 92718-3804 Stanley E. Foster Director 23 Pasteur Road Irvine, California 92718-3804
Western Financial Bank, F.S.B.
(a) Western Financial Bank Names and Addresses of Officers and Directors as of November 24, 1997 Title ------------------------------------- ----- Ernest S. Rady Chairman of the Board 1844 Prestwick Drive La Jolla, California 92037 Donald H. Kasle President & Chief Executive Officer 23 Pasteur Road Irvine, California 92718-3804 Joy Schaefer Senior Executive Vice President 23 Pasteur Road & Chief Operating Officer Irvine, California 92718-3804 Robert E. Adams Executive Vice President 16485 Laguna Canyon Road Irvine, California 92618-3820 Terrance P. Mungon Executive Vice President 16485 Laguna Canyon Road Irvine, California 92618-3820 Harriet Burns Feller Executive Vice President, Secretary 23 Pasteur Road & General Counsel Irvine, California 92718-3804 Lee A. Whatcott Executive Vice President 23 Pasteur Road Irvine, California Richard W. Stephan Executive Vice President & Chief 23 Pasteur Road Information Officer Irvine, California 92718-3804 Arthur Alvarez Executive Vice President 16485 Laguna Canyon Road Irvine, California 92618-3820 Michael Johnson Executive Vice President 16485 Laguna Canyon Road Irvine, California 92618-3820 James E. Tecca Executive Vice President 16485 Laguna Canyon Road Irvine, California 92618-3820 Gary Plooster Senior Vice President 16485 Laguna Canyon Road Irvine, California 92618-3820 Kevin Farrenkopf Senior Vice President 16485 Laguna Canyon Road Irvine, California 92618-3820 Debbie Horton Senior Vice President 16485 Laguna Canyon Road Irvine, California 92618-3820 Craig Loe Senior Vice President 16485 Laguna Canyon Road Irvine, California 92618-3820 Mark Metzinger Senior Vice President 16485 Laguna Canyon Road Irvine, California 92618-3820 Richard Palmer Senior Vice President, Chief 16485 Laguna Canyon Road Financial Officer & Controller Irvine, California 92618-3820 J. Keith Palmer Vice President and Treasurer 23 Pasteur Road Irvine, California 92718-3804 Daniel Sussman Senior Vice President 16485 Laguna Canyon Road Irvine, California 92618-3820 Guy Du Bose Vice President & Associate General Counsel 23 Pasteur Road Irvine, California 92718-3804 Joan C. Van Winkle Assistant Vice President & Assistant Secretary 23 Pasteur Road Irvine, California 92718-3804 Judith M. Bardwick Director 23 Pasteur Road Irvine, California 92718-3804 William J. Crawford Director 23 Pasteur Road Irvine, California 92718-3804 Robert W. Jenkins Director 23 Pasteur Road Irvine, California 92718-3804 Alan L. Milligan Director 23 Pasteur Road Irvine, California 92718-3804 Stanley E. Foster Director 23 Pasteur Road Irvine, California 92718-3804
The Ernest S. Rady Trust (a) Ernest S. Rady, Trustee Page 17 of 30 Pages 18 Evelyn Shirley Rady (a) Ernest S. Rady, Trustee Avrett Enterprises, Ltd. (a) Avrett Enterprises, Ltd.
Names and Addresses of Officers and Directors as of November 24, 1997 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 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 November 24, 1997 Title ------------------------------------- ----- (a) Silpit Industries Co., Ltd. David S. Kaufman President, Director 70 Arthur Street Winnipeg, Manitoba Canada R3B 1G7 G.L. Stoddart Vice President 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 19 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 November 24, 1997 Title ------------------------------------- ----- (a) Memrad Holdings, Ltd. Ernest S. Rady President, Director 8144 Prestwick Drive La Jolla, CA 92037 Marjorie Blankstein Vice President, 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 Secretary, Treasurer, 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 20 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 November 24, 1997 Title ------------------------------------- ----- Ernest S. Rady Chairman of the Board, President 8144 Prestwick Drive La Jolla, CA 92037 Harry M. Rady Director 11455 El Camino Real San Diego, CA 92130-2045 Bernard M. Feldman Director 11455 El Camino Real San Diego, CA 92130-2045 John J. Chamberlain Chief Executive Officer, Senior 11455 El Camino Real Executive Vice President San Diego, CA 92130-2045 Allen Garrett Executive Vice President, Chief 11455 El Camino Real Operating Officer San Diego, CA 92130-2045 Valerie A McPherson Vice President, Chief Financial 11455 El Camino Real Officer, Secretary San Diego, CA 92130-2045 James R. Cronemeyer Vice President, Commercial 11455 El Camino Real Property Management San Diego, CA 92130-2045 Richard M. McKee Vice President - Construction 11455 El Camino Real San Diego, CA 92130-2045
Page 20 of 30 Pages 21 Canpac Enterprises, Ltd. (a) Canpac Enterprises, Ltd.
Names and Addresses of Officers and Directors as of November 24, 1997 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
Western Insurance Holdings, Inc.
Names and Addresses of Officers and Directors as of November 24, 1997 Title ------------------------------------- ----- (a) Western Insurance Holdings, Inc. Ernest S. Rady Chairman of the Board 8144 Prestwick Drive La Jolla, CA 92037 Bernard M. Feldman President, Director 11455 El Camino Real San Diego, CA 92130-2045 H. Michael Freet Senior Vice President, Treasurer, 11455 El Camino Real Director San Diego, CA 92130-2045 James W. Austin III Secretary 11455 El Camino Real San Diego, CA 92130-2045
Page 21 of 30 Pages 22 Insurance Company of the West (a) Insurance Company of the West
Names and Addresses of Officers and Directors as of November 24, 1997 Title ------------------------------------- ----- Ernest S. Rady Chairman of the Board 8144 Prestwick Drive La Jolla, CA 92037 Bernard M. Feldman President, Director 11455 El Camino Real San Diego, CA 92130-2045 Richard S. King Director 11455 El Camino Real San Diego, CA 92130-2045 Michael F. McAuliffe Director 11455 El Camino Real San Diego, CA 92130-2045 Bruce N. Moore Director 11455 El Camino Real San Diego, CA 92130-2045 James B. Rathbun Director 11455 El Camino Real San Diego, CA 92130-2045 Charles E. Scribner Director 11455 El Camino Real San Diego, CA 92130-2045 David S. Kaufman Director 11455 El Camino Real San Diego, CA 92130-2045 H. Michael Freet Senior Vice President, Treasurer 11455 El Camino Real San Diego, CA 92130-2045 John L. Hannum Senior Vice President 11455 El Camino Real San Diego, CA 92130-2045
Page 22 of 30 Pages 23 James A. Currie Senior Vice President 11455 El Camino Real San Diego, CA 92130-2045 John A. Difalco Senior Vice President 11455 El Camino Real San Diego, CA 92130-2045 Rory Read Senior Vice President 11455 El Camino Real San Diego, CA 92130-2045 Walter F.A. Prayer Senior Vice President 11455 El Camino Real San Diego, CA 92130-2045 James W. Austin III Vice President, Secretary and 11455 El Camino Real General Counsel San Diego, CA 92130-2045 Fariborz Rostamian Vice President, Controller 11455 El Camino Real San Diego, CA 92130-2045 H. Edward Hire Vice President 11455 El Camino Real San Diego, CA 92130-2045 Gene P. Irizarry Vice President 11455 El Camino Real San Diego, CA 92130-2045 Leslie M. Obayashi Vice President 11455 El Camino Real San Diego, CA 92130-2045 Samuel A. Banks, Sr. Resident Vice President 11455 El Camino Real San Diego, CA 92130-2045 Dennis E. Osgood Vice President 11455 El Camino Real San Diego, CA 92130-2045 Bruce J. Schryver Vice President 11455 El Camino Real San Diego, CA 92130-2045
Page 23 of 30 Pages 24 Daniel F. Reading Vice President 11455 El Camino Real San Diego, CA 92130-2045 E. Harned Davis Vice President 11455 El Camino Real San Diego, CA 92130-2045
Explorer Insurance Company (a) Explorer Insurance Company
Names and Addresses of Officers and Directors as of November 24, 1997 Title ------------------------------------- ----- Ernest S. Rady Chairman of the Board 8144 Prestwick Drive La Jolla, CA 92037 Bernard M. Feldman President, Director 11455 El Camino Real San Diego, CA 92130-2045 Frederick Bernard Tisovic Senior Vice President, Director 11455 El Camino Real San Diego, CA 92130-2045 James W. Austin III Director 11455 El Camino Real San Diego, CA 92130-2045 H. Michael Freet Treasurer, Director 11455 El Camino Real San Diego, CA 92130-2045 John L. Hannum Senior Vice President 11455 El Camino Real San Diego, CA 92130-2045 Gene P. Irizarry Vice President 11455 El Camino Real San Diego, CA 92130-2045 E. Harned Davis Vice President 11455 El Camino Real San Diego, CA 92130-2045
Page 24 of 30 Pages 25 John A. Difalco Vice President 11455 El Camino Real San Diego, CA 92130-2045 Fariborz Rostamian Vice President 11455 El Camino Real San Diego, CA 92130-2045 Raimundo Ruiz Vice President 11455 El Camino Real San Diego, CA 92130-2045 Mary E. Cannon Secretary 11455 El Camino Real San Diego, CA 92130-2045 DHM Trust (a) Ernest S. Rady Trustee
DHM TRUST (a) DHM Trust
Names and Addresses of Officers and Directors as of November 24, 1997 Title ------------------------------------- ----- Ernest S. Rady Trustee 8144 Prestwick Drive La Jolla, CA 92037
Page 25 of 30 Pages 26 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. Investment. 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 November 24, 1997. The various entities named in this Schedule 13D directly or indirectly collectively owned, as of such date, 21,741,222 outstanding shares of Common Stock of the Issuer (including 27,500 shares pursuant to options exercisable by the affiliated group within 60 days), representing 84.48% of the outstanding shares of Common Stock of the Issuer (including 27,500 shares pursuant to the above referenced options). 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 Schedule A is made independent of the 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 disposition and voting of the shares of the Issuer owned by each such company. The following securities transactions occurred in the sixty (60) day period preceding November 24, 1997: November 5, 1997: Western Financial Bank purchased 10,000 shares November 6, 1997: Western Financial Bank purchased 5,000 shares November 7, 1997: Western Financial Bank purchased 2,000 shares November 12, 1997: Western Financial Bank purchased 29,000 shares November 13, 1997: Western Financial Bank purchased 20,000 shares November 14, 1997: Western Financial Bank purchased 148,500 shares November 21, 1997: Western Financial Bank purchased 100,000 shares Page 26 of 30 Pages 27 Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. See discussion under item 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 the 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 28 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: February 10, 1998 By: /s/ Ernest S. Rady ----------------------------------- Ernest S. Rady, President Western Financial Bank Dated: February 10, 1998 By: /s/ Ernest S. Rady ----------------------------------- Ernest S. Rady, Chairman Ernest S. Rady Trust Dated: February 10, 1998 /s/ Ernest S. Rady -------------------------------------- Ernest S. Rady, Trustee Evelyn Shirley Rady Trust Dated: February 10, 1998 /s/ Ernest S. Rady -------------------------------------- Ernest S. Rady, Trustee American Assets, Inc. Dated: February 10, 1998 By: /s/ Ernest S. Rady ---------------------------------- Ernest S. Rady, Chairman Avrett Enterprises, Ltd. Dated: February 10, 1998 By: /s/ Evelyn Rady ----------------------------------- Evelyn Rady, Vice President Canpac Enterprises, Ltd. Dated: February 10, 1998 By: /s/ Ernest S. Rady ---------------------------------- Ernest S. Rady, President Insurance Company of the West Dated: February 10, 1998 By: /s/ Ernest S. Rady ---------------------------------- Ernest S. Rady, Chairman Page 28 of 30 Pages 29 Memrad Holdings, Ltd. Dated: February 10, 1998 By: /s/ Ernest S. Rady ----------------------------------- Ernest S. Rady, President Silpit Industries Co., Ltd. Dated: February 10, 1998 By: /s/ Ernest S. Rady ----------------------------------- Ernest S. Rady, Chairman Western Insurance Holdings, Inc. Dated: February 10, 1998 By: /s/ Ernest S. Rady ----------------------------------- Ernest S. Rady, Chairman Explorer Insurance Inc. Dated: February 10, 1998 By: /s/ Ernest S. Rady ----------------------------------- Ernest S. Rady, Chairman DHM Trust Dated: February 10, 1998 By: /s/ Ernest S. Rady ----------------------------------- Ernest S. Rady, Trustee
Page 29 of 30 Pages 30 Exhibit A Organizational Chart of Rady Entities Beneficially Holding Shares in WFS Financial Inc. as of November 24, 1997 HOLDING COMPANY STRUCTURE ----------------- ----------------- - -----------Ernest Rady Trust----------- Evelyn Rady Trust------- / --- ---- / ------/----------- / / ----------------- / / ----------------- / / / / / / / / / / / / / 47% / / / 50% 25.9% / / / / / / / / / / / ---------------------/ / ------------------------ / / / / Memrad Holdings, Ltd./ / Avrett Enterprises, Ltd.------ / / / ---------------------/ / ------------------------ / / / / / / / / / / / / / / / 62.5% 4.75% / / / / / / / / / / 35.9% / / / / / 44.9% / / / / / / / / / / / -------------------------- / 2.2% / / 15.2% / / / Silpit Industries Co. Ltd.-- / / / / / / / -------------------------- / / / / / / / / 25.4% / / / / / / / ------------------------ / / / / / -------/-----Canpac Enterprises, Ltd.---- / / / / / ------------------------ / / / / / / / / / / ----------------/------ / / / / --------------------- / / / 7.0% / -------American Assets, Inc.-- 24.3%-- / / / ---------------- / / / --------------------- / / / 48.5% / 88% / / / ----------------------------------------- / 0.7% / / / / / / / --------------------- / / / Western Ins. Holdings / / / --------------------- / / / / / / / / 100% / / / / / / / ------------------------- / / / ------------ 5.8% ------- Insurance Co. of the West / / --------- / / ------------------------- / / DHM Trust / / / / / .007% / / / 100% / / --------- / / / / / / / / ---------------------- / / / / / ---------- 0.1% --------- Explorer Insurance Co. / / / / / / ---------------------- / / / / / / / / /--------------- / - --------------Westcorp---------------------------------------------------------- -------- / / 100% / ----------------- Western Financial Bank ----------------- / / 83.7% / ----------------- WFS Financial Inc ----------------- Page 30 of 30 Pages -----END PRIVACY-ENHANCED MESSAGE-----