-----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, HxJwGxEkP4VsMWeZ945c2bhEsyG/GU2OFGIa2WfwOfKAxGbnLQHKZcDl64FjYi70 6KbVSbW39j6fR8gOA4+qGg== 0000927016-98-003541.txt : 19980930 0000927016-98-003541.hdr.sgml : 19980930 ACCESSION NUMBER: 0000927016-98-003541 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19980929 SROS: NASD GROUP MEMBERS: COSTA BRAVA PARTNERSHIP II LIMITED PART. GROUP MEMBERS: GREENWOOD CAPITAL LIMITED PARTNERSHIP GROUP MEMBERS: GREENWOOD INVESTMENTS INC. GROUP MEMBERS: HAMOT SETH W GROUP MEMBERS: ROARK, REARDEN & HAMOT IN. GROUP MEMBERS: STEVEN MARK TANNENBAUM SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: RISCORP INC CENTRAL INDEX KEY: 0001003957 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 650335150 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-47357 FILM NUMBER: 98717675 BUSINESS ADDRESS: STREET 1: ONE SARASOTA TOWER STREET 2: SUITE 608 CITY: SARASOTA STATE: FL ZIP: 34236 BUSINESS PHONE: 9419512022 MAIL ADDRESS: STREET 1: 1390 MAIN STREET CITY: SARASOTA STATE: FL ZIP: 34236 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HAMOT SETH W CENTRAL INDEX KEY: 0001071036 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 35 HANCVOCK STREET CITY: BOSTON STATE: MA ZIP: 02108 BUSINESS PHONE: 6172278156 MAIL ADDRESS: STREET 1: 35 HANCOCK STREET CITY: BOSTON STATE: MA ZIP: 02108 SC 13D 1 SCHEDULE 13-D FOR SETH W. HAMOT UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (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) (AMENDMENT NO. __)* Riscorp, Inc. - -------------------------------------------------------------------------------- (Name of issuer) Shares of Class A Common Stock, par value $0.01 per share - -------------------------------------------------------------------------------- (Title of class of securities) 767597107 - -------------------------------------------------------------------------------- (CUSIP number) Seth W. Hamot, 35 Hancock St. Boston, MA 02114 (617) 227-8156 - -------------------------------------------------------------------------------- (Name, address and telephone number of person authorized to receive notices and communications) September 11, 1998 - -------------------------------------------------------------------------------- (Date of event which requires filing of this statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of (S)(S)240.13d-(e), 240.13d-1(f) or 204.13(d)-1(g), check the following box [_]. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule. See (S)240.13d-7 for other parties to whom copies are to be sent. (Continued on the following pages) (Page 1 of 9 Pages) ________________________________ *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 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. 767597107 PAGE 2 OF 12 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Seth W. Hamot - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 PF - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED 5 PURSUANT TO ITEMS 2(d) or 2(e) [_] - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF Seth W. Hamot 702,200 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING Seth W. Hamot 702,000 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 Seth W. Hamot 702,200 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 4.92% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 IN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 767597107 PAGE 3 OF 12 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Costa Brava Partnership II Limited Partnership (04-3387028) - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 WC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED 5 PURSUANT TO ITEMS 2(d) or 2(e) [_] - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Massachusetts - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF Costa Brava II 673,200 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING Costa Brava II 673,200 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 Costa Brava II 673,200 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 4.72% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 PN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 767597107 PAGE 4 OF 12 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Roark, Rearden & Hamot Inc. (04-3242639) - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 WC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED 5 PURSUANT TO ITEMS 2(d) or 2(e) [_] - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Massachusetts - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF Roark, Rearden & Hamot Inc. 673,200 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING Roark, Rearden & Hamot Inc. 673,200 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 Roark, Rearden & Hamot Inc. 673,200 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 4.72% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 CO - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 767597107 PAGE 5 OF 12 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Greenwood Investments Inc. (22-3147811) - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 WC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED 5 PURSUANT TO ITEMS 2(d) or 2(e) [_] - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF Greenwood Investments Inc. 34,900 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING Greenwood Investments Inc. 34,900 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 Greenwood Investments Inc. 34,900 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 .24% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 CO - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 767597107 PAGE 6 OF 12 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Steven M. Tannenbaum - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 PF - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED 5 PURSUANT TO ITEMS 2(d) or 2(e) [_] - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF Steven M. Tannenbaum 34,900 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING Steven M. Tannenbaum 34,900 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 Steven M. Tannenbaum 34,900 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 .24% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 IN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 767597107 PAGE 7 OF 12 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Greenwood Capital Limited Partnership (05-0486774] - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 WC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED 5 PURSUANT TO ITEMS 2(d) or 2(e) [_] - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Massachusetts - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF Greenwood Capital LP 34,900 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING Greenwood Capital LP 34,900 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 Greenwood Capital LP 34,900 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 .24% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 PN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! ITEM 1. SECURITY AND ISSUER Securities acquired: Shares of Class A Common Stock Par value of $0.01 per share Issuer: Riscorp, Inc. One Sarasota Tower Suite 608 2 North Tamiami Trail Sarasota, Florida 34236 941-366-5015 ITEM 2. IDENTITY AND BACKGROUND This Schedule D is being filed on behalf of Seth W. Hamot (SWH), Costa Brava Partnership II Limited Partnership, a Massachusetts limited partnership (CBII), Roark, Rearden & Hamot, Inc., a Massachusetts corporation (RRH), Steven M. Tannenbaum (SMT), Greenwood Capital Limited Partnership (GCLP), and Greenwood Investments, Inc. (GI) This Schedule 13D relates to shares of Class A Common Stock of the Issuer purchased by CBII, of which RRH is the general partner, SWH for his own account, and GCLP, of which GI is the general partner. Roark, Rearden, & Hamot Inc., a Massachusetts corporation, is the general partner of CBII, and is located at 35 Hancock St., Boston, MA, 02114. Mr. Hamot is the principal of RRH. The principal occupation of Mr. Hamot is investment management, and he is a United States citizen. Greenwood Investments, Inc., a Delaware corporation, is the general partner of GCLP, and is located at 125 Country Club Rd., Newton, MA, 02159. Mr. Tannenbaum is the principal of GI. The principal occupation of Mr. Tannenbaum is investment management, and he is a United States citizen. Neither RRH, CBII, SWH, SMT, GCLP, nor GI has been convicted in a criminal proceeding during the last five years. Neither RRH, CBII, SWH, SMT, GCLP, nor GI was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result thereof, subject to any judgement, decree, or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violations with respect to such laws. ITEM 3. SOURCE AND AMOUNT OF FUNDS As of September 25, 1998, CBII had invested $825,319.62, SWH had invested $66,249.07, and GCLP had invested $65,428.72 in shares of Class a Common Stock. The sources of all these funds were the working capital of each entity or personal funds of SWH. ITEM 4. PURPOSE OF TRANSACTION CBII, SWH, and GCLP acquired the Shares as an investment and with a view to making a profit. None of the Reporting Persons has any plans or proposals which relate to or would result in a) any extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the issuer or any of its subsidiaries; b) any sale or transfer of a material amount of assets of the issuer or any of its subsidiaries; c)any changes in the present manager of the Issuer; d) any change in the present capitalization of dividend policy of the issuer; e) any other material change in the Issuer's business or corporate structure; f) any change in the issuer's charter, by-laws or instruments corresponding thereto or other actions which may impede the acquisition of control of the issuer by any person; g) causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an interdealer quotation system of registered national securities association; h) causing a class of securities of the Issuer to become eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or i) any action similar to those enumerated in this sentence. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) - (b) As of September 25, 1998, SWH is the beneficial owner of 29,000 shares and may be deemed beneficial owner of 702,200 shares of Class A Common Stock of the Issuer or 4.92% of the shares outstanding; (ii) CBII is beneficial owner of and RRH may be deemed the beneficial owner of 673,200 shares of Class A Common Stock of the Issuer or 4.72% of the shares outstanding; (iii) GCLP is beneficial owner of and GI and SMT may be deemed beneficial owner of 34,900 shares of Class A Common Stock of the Issuer or .24% of the shares outstanding. The amount of shares beneficially owned has been computed in accordance with Rule 13d-3 under the Act. The percentage of beneficial ownership of SWH, CBII, and GC on September 25, 1998 is based upon 14,258,671 outstanding shares of Common Stock as of July 31, 1998 as reported in the Issuer's Quarterly Report filed with the Commission on August 19, 1998.
NUMBER OF NUMBER OF AGGREGATE SHARES: SOLE NUMBER OF SHARES: SOLE NUMBER POWER TO SHARES: SHARED POWER TO APPROX. FILING PARTY OF SHARES VOTE POWER TO VOTE DISPOSE PERCENTAGE* - ------------------------------------------------------------------------------------------------------------ SWH 702,200 702,200 702,200 4.92% - ------------------------------------------------------------------------------------------------------------ CBII 673,200 673,200 673,200 4.72% - ------------------------------------------------------------------------------------------------------------ RRH 673,200 673,200 673,200 4.72% - ------------------------------------------------------------------------------------------------------------ SMT 34,900 34,900 34,900 .24% - ------------------------------------------------------------------------------------------------------------ GCLP 34,900 34,900 34,900 0.24% - ------------------------------------------------------------------------------------------------------------ GI 34,900 34,900 34,900 0.24% - ------------------------------------------------------------------------------------------------------------ * Based upon 14,258,671 outstanding shares of Common Stock as of July 31, 1998 as reported in the Issuer's Quarterly Report filed with the Commission on August 19, 1998. - ------------------------------------------------------------------------------------------------------------
c) Transactions in the Issuer's securities by CBII, SWH, GCLP during the last sixty days. All transaction occurred on the NASDAQ OTC market.
DATE PURCHASE/SALE # OF SHARES PRICE PER SHARE ($) - ------------------------------------------------------------ FOR CBII - ---------- 7/27/98 P 5,500 $1.16 7/29/98 P 5,000 $1.19 7/30/98 P 10,000 $1.18 8/03/98 P 5,000 $1.19 8/04/98 P 1,000 $1.17 8/05/98 P 5,000 $1.13 8/13/98 P 19,000 $1.22 8/27/98 P 10,000 $1.07 8/28/98 P 2,500 $1.06 8/31/98 P 3,600 $1.06 9/02/98 P 6,600 $1.06 9/03/98 P 2,000 $1.04 9/04/98 P 10,000 $1.05 9/10/98 P 5,000 $1.06 9/11/98 P 5,000 $1.03 9/14/98 P 7,500 $ .99 9/17/98 P 6,000 $1.03 9/21/98 P 5,000 $1.04 9/23/98 P 5,000 $ .94 For GCLP 8/07/98 P 4,000 $1.21 8/17/98 P 1,000 $1.14 9/18/98 P 3,000 $1.14
d) NA e) NA ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. NA ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Exhibit 7(a): Joint Filing Agreement SIGNATURE After due inquiry, to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Dated: September 25, 1998 /s/ Seth W. Hamot _________________________________________________ Seth W. Hamot Costa Brava Partnership II Limited Partnership By: Roark, Reardon & Hamot, Inc., its general partner By: /s/ Seth W. Hamot _____________________________________ Seth W. Hamot Its: President Greenwood Capital Limited Partnership By: Greenwood Investments, Inc. By: /s/ Steven M. Tannenbaum _____________________________________ Steven M. Tannenbaum Its: President Roark, Reardon & Hamot, Inc. By: /s/ Seth W. Hamot _____________________________________ Seth W. Hamot Its: President Greenwood Investments, Inc. By: /s/ Steven M. Tannenbaum _____________________________________ Steven M. Tannenbaum Its: President /s/ Steven M. Tannenbaum _________________________________________________ Steven M. Tannenbaum EX-7.A 2 JOINT FILING AGREEMENT EXHIBIT 7(a) JOINT FILING AGREEMENT In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a statement on Schedule 13D (including amendments thereto) with respect to the Class A Common Stock of Riscorp, Inc. and further agree that this agreement be included as an exhibit to such filing. Each party to the agreement expressly authorizes each other party to file on its behalf any and all amendments to such statement. Each party to this agreement agrees that this joint filing agreement may be signed in counterparts. In evidence whereof, the undersigned have caused this Agreement to be executed on their behalf this 25th day of September, 1998 /s/ Seth W. Hamot _________________________________________________ Seth W. Hamot Costa Brava Partnership II Limited Partnership By: Roark, Reardon & Hamot, Inc., its general partner By: /s/ Seth W. Hamot _____________________________________ Seth W. Hamot Its: President Greenwood Capital Limited Partnership By: Greenwood Investments, Inc. By: /s/ Steven M. Tannenbaum _____________________________________ Steven M. Tannenbaum Its: President Roark, Reardon & Hamot, Inc. By: /s/ Seth W. Hamot _____________________________________ Seth W. Hamot Its: President Greenwood Investments, Inc. By: /s/ Steven M. Tannenbaum _____________________________________ Steven M. Tannenbaum Its: President /s/ Steven M. Tannenbaum _________________________________________________ Steven M. Tannenbaum -----END PRIVACY-ENHANCED MESSAGE-----