-----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, KQzXq129v/OAU8luysI7x0Y2fO6UISjr3hfB5leqr4qAjTT26Y+VAbnFJe21SL/w 0O8rvseolBzA4QIGlksXkA== 0001193805-08-000078.txt : 20080109 0001193805-08-000078.hdr.sgml : 20080109 20080109143730 ACCESSION NUMBER: 0001193805-08-000078 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080109 DATE AS OF CHANGE: 20080109 GROUP MEMBERS: LAURENCE S. LEVY GROUP MEMBERS: NEIL N. HASSON GROUP MEMBERS: ROYALTY MANAGEMENT, INC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: REGENCY AFFILIATES INC CENTRAL INDEX KEY: 0000099249 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 720888772 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-33017 FILM NUMBER: 08520323 BUSINESS ADDRESS: STREET 1: 729 SE FEDERAL HWY STREET 2: STE 307 CITY: STUART STATE: FL ZIP: 34994 BUSINESS PHONE: 5612207662 MAIL ADDRESS: STREET 1: 729 SE FEDERAL HWY STREET 2: STE 307 CITY: STUART STATE: FL ZIP: 34994 FORMER COMPANY: FORMER CONFORMED NAME: TRANSCONTINENTAL ENERGY CORP/DE/ DATE OF NAME CHANGE: 19880417 FORMER COMPANY: FORMER CONFORMED NAME: TRANSCONTINENTAL OIL CORP/NEW/ DATE OF NAME CHANGE: 19810820 FORMER COMPANY: FORMER CONFORMED NAME: TRANSCONTINENTAL ENERGY CORP DATE OF NAME CHANGE: 19800609 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ROYALTY HOLDINGS LLC CENTRAL INDEX KEY: 0001200821 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O HYDE PARK HOLDINGS INC STREET 2: 595 MADISON AVE. 35TH FL. CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2126443450 MAIL ADDRESS: STREET 1: C/O HYDE PARK HOLDINGS INC STREET 2: 595 MADISON AVE. 35TH FL. CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 e603081_sc13da-regency.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 6)* REGENCY AFFILIATES, INC. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $0.01 par value per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 758847107 - -------------------------------------------------------------------------------- (CUSIP Number) Todd Emmerman, Esq. c/o Katten Muchin Rosenman LLP 575 Madison Avenue New York, New York 10022 (212) 940-8800 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 14, 2007 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1 (b)(3) or (4), check the following box |_|. 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 (the "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). SCHEDULE 13D CUSIP No. 758847107 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Royalty Holdings LLC - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 1,823,738 Shares ----------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY OWNED BY ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 1,823,738 Shares WITH ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,823,738 Shares - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 52.62% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 2 of 8 SCHEDULE 13D CUSIP No. 758847107 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Royalty Management, Inc. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* N/A - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 1,823,738 Shares (comprised of shares owned by Royalty Holdings LLC) ----------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY OWNED BY ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 1,823,738 Shares (comprised of shares owned by Royalty WITH Holdings LLC) ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,823,738 Shares (comprised of shares owned by Royalty Holdings LLC) - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 52.62% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 3 of 8 SCHEDULE 13D CUSIP No. 758847107 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Laurence S. Levy - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* N/A - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 2,098,738 Shares (comprised of 1,823,738 shares owned by Royalty Holdings LLC, 50,000 shares owned by Mr. Levy and options to acquire 225,000 shares held by Mr. Levy) ----------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY OWNED BY ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON WITH ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 2,098,738 Shares (comprised of 1,823,738 shares owned by Royalty Holdings LLC, 50,000 shares owned by Mr. Levy and options to acquire 225,000 shares held by Mr. Levy) - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,098,738 Shares (comprised of 1,823,738 shares owned by Royalty Holdings LLC, 50,000 shares owned by Mr. Levy and options to acquire 225,000 shares held by Mr. Levy) - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 56.87% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 4 of 8 SCHEDULE 13D CUSIP No. 758847107 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Neil N. Hasson - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* N/A - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United Kingdom - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 175,000 Shares (comprised of 50,000 shares held by Mr. Hasson and options to acquire 125,000 shares held by Mr. Hasson) ----------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY OWNED BY ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 175,000 Shares (comprised of 50,000 shares held by WITH Mr. Hasson and options to acquire 125,000 shares held by Mr. Hasson) ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 175,000 Shares (comprised of 50,000 shares held by Mr. Hasson and options to acquire 125,000 shares held by Mr. Hasson) - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.87% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 5 of 8 This Amendment No. 6 is filed by (i) Royalty Holdings LLC ("Royalty LLC"), (ii) Royalty Management, Inc. ("Royalty Inc."), (iii) Laurence S. Levy and (iv) Neil N. Hasson (collectively, the "Reporting Persons") and amends the Statement on Schedule 13D (the "Schedule 13D") filed by the Reporting Persons on October 28, 2002 as amended by Amendment No. 1 filed by the Reporting Persons on November 8, 2002, Amendment No.2 filed by the Reporting Persons on July 7, 2003, Amendment No. 3 filed by the Reporting Persons on October 3, 2003, Amendment No. 4 filed by the Reporting Persons on October 18, 2004 and Amendment No. 5 filed by the Reporting Persons on June 24, 2005. Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Schedule 13D. Item 3. Source and Amount of Funds or Other Consideration. Item 3 is hereby amended as follows: On August 14, 2007, Mr. Levy was issued 50,000 Common Stock purchase options pursuant to the Company's 2003 Stock Incentive Plan, as amended (the "Plan"). The options have an exercise price of $5.10 per share. Item 5. Interest in Securities of the Issuer. (a) Item 5(a) is hereby amended and restated as follows: As of the close of business on January 3, 2008: (i) Royalty LLC owns 1,823,738 shares of Common Stock. Such shares constitute approximately 52.62% of the shares of Common Stock outstanding; (ii) Royalty Inc. owns no shares of Common Stock. As the Manager of Royalty LLC Royalty Inc. may be deemed, under the provisions of Rule 13d-3 of the Exchange Act Rule, to be the beneficial owner of the 1,823,738 shares of Common Stock that are held by Royalty LLC. Such shares of Common Stock constitute approximately 52.62% of the shares of Common Stock outstanding; (iii) As President, sole director and sole stockholder of Royalty Inc., which is the Manager of Royalty LLC, Mr. Levy may be deemed, under the provisions of Rule 13d-3 of the Exchange Act Rules, to be the beneficial owner of the 1,823,738 shares held by Royalty LLC. In addition, Mr. Levy holds 50,000 shares of Common Stock and options to purchase an additional 225,000 shares of Common Stock. The foregoing shares of Common Stock that may be deemed to be beneficially owned by Mr. Levy, in the aggregate, constitute approximately 56.87% of the shares of Common Stock outstanding (assuming exercise of such options); and (iv) Mr. Hasson holds 50,000 shares of Common Stock and beneficially owns 125,000 shares of Common Stock underlying common stock purchase options held by Mr. Hasson. Such shares of Common Stock constitute approximately 4.87% of the shares of Common Stock outstanding (assuming exercise of such options). (c) Item 5(c) is hereby amended as follows: Reference is made to Item 3 above. Page 6 of 8 Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. Item 6 is hereby amended as follows: The stock options described in Item 3 were granted pursuant to a Stock Option Agreement between the Company and Mr. Levy, dated as of August 14, 2007. The options became exercisable on August 14, 2007. Item 7. Material to be filed as Exhibits Item 7 is hereby amended as follows: Exhibit 18: Stock Option Agreement, dated as of August 14, 2007, between the Company and Laurence S. Levy (incorporated by reference to Exhibit 10.1 of the Company's Quarterly Report on Form 10-QSB for the period ended June 30, 2007). Page 7 of 8 SIGNATURE After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: January 9, 2008 ROYALTY HOLDINGS LLC By: Royalty Management, Inc., Manager By: /s/ Laurence S. Levy --------------------------------- Name: Laurence S. Levy Title: President ROYALTY MANAGEMENT, INC. By: /s/ Laurence S. Levy --------------------------------- Name: Laurence S. Levy Title: President /s/ Laurence S. Levy --------------------------------- Laurence S. Levy /s/ Neil N. Hasson --------------------------------- Neil N. Hasson Page 8 of 8 -----END PRIVACY-ENHANCED MESSAGE-----