-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, UJ189IaDE/zgDhmC+b7WnRdfhvBDLBArJ5FvetjxX4FFpgxMpOTYscxikASC1fO0 EkEqJmEq7y+YUpOlIn5mPQ== 0000950148-94-000281.txt : 19940523 0000950148-94-000281.hdr.sgml : 19940523 ACCESSION NUMBER: 0000950148-94-000281 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19940520 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: U S HOME CORP /DE/ CENTRAL INDEX KEY: 0000101640 STANDARD INDUSTRIAL CLASSIFICATION: 1531 IRS NUMBER: 210718930 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-06409 FILM NUMBER: 94529493 BUSINESS ADDRESS: STREET 1: 1800 WEST LOOP SOUTH CITY: HOUSTON STATE: TX ZIP: 77027 BUSINESS PHONE: 7138772311 MAIL ADDRESS: STREET 1: PO BOX 2863 CITY: HOUSTON STATE: TX ZIP: 77252 FORMER COMPANY: FORMER CONFORMED NAME: UNITED STATES HOME & DEVELOPMENT CORP DATE OF NAME CHANGE: 19710713 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FOOTHILL GROUP INC CENTRAL INDEX KEY: 0000037941 STANDARD INDUSTRIAL CLASSIFICATION: 6153 IRS NUMBER: 941663353 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 11111 SANTA MONICA BLVD STREET 2: SUITE 1500 CITY: LOS ANGELES STATE: CA ZIP: 90025 BUSINESS PHONE: 3109967000 MAIL ADDRESS: STREET 1: P O BOX 3001 ZIP: 91301 FORMER COMPANY: FORMER CONFORMED NAME: ROLAMITE INC DATE OF NAME CHANGE: 19720501 FORMER COMPANY: FORMER CONFORMED NAME: ROLAMITE TECHNOLOGY INC DATE OF NAME CHANGE: 19710408 SC 13D/A 1 SCHEDULE 13D AMENDMENT NO. 1 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 1)* U.S. HOME CORPORATION ---------------------------------------------------------------- (NAME OF ISSUER) PREFERRED STOCK, PAR VALUE $.10 ---------------------------------------------------------------- (TITLE OF CLASS OF SECURITIES) 911920205 ---------------------------------------------------------------- (CUSIP Number) Henry K. Jordan with a copy to: Chief Financial Officer Paul Bernstein, Esq. The Foothill Group, Inc. Riordan & McKinzie 11111 Santa Monica Blvd., Suite 1500 300 South Grand Avenue Los Angeles, California 90025 Los Angeles, California 90071 (310) 996-7000 (213) 629-4824 - --------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) OCTOBER 13, 1993 ----------------------------------------------------------------- (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 copes 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). Page 1 of 15 pages. 2 SCHEDULE 13D CUSIP No. 911920205 Page 2 of 15 Pages ----------------------- - -- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR IRS. IDENTIFICATION NO. OF ABOVE PERSON The Foothill Group, Inc. 94-1663353 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* 00 - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES -0- ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY -0- ------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING -0- ------------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0- - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO, HC - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 2 of 7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 3 SCHEDULE 13D CUSIP No. 911920205 Page 3 of 15 Pages ----------------------- - -- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR IRS. IDENTIFICATION NO. OF ABOVE PERSON Foothill Capital Corporation 95-2689288 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* 00 - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES -0- ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY -0- ------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING -0- ------------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0- - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 2 of 7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 4 SCHEDULE 13D CUSIP No. 911920205 Page 4 of 15 Pages ----------------------- - -- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR IRS. IDENTIFICATION NO. OF ABOVE PERSON Foothill Partners, L.P., a Delaware Limited Partnership 95-4291521 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* 00 - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES -0- ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY -0- ------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING -0- ------------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0- - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 2 of 7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 5 SCHEDULE 13D CUSIP No. 911920205 Page 5 of 15 Pages ----------------------- - -- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR IRS. IDENTIFICATION NO. OF ABOVE PERSON Don L. Gevirtz - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* 00 - -------------------------------------------------------------------------------- 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 of America - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES -0- ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY -0- ------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING -0- ------------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0- - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 2 of 7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 6 SCHEDULE 13D CUSIP No. 911920205 Page 6 of 15 Pages ----------------------- - -- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR IRS. IDENTIFICATION NO. OF ABOVE PERSON John F. Nickoll - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* 00 - -------------------------------------------------------------------------------- 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 of America - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES -0- ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY -0- ------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING -0- ------------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0- - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 2 of 7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 7 SCHEDULE 13D CUSIP No. 911920205 Page 7 of 15 Pages ----------------------- - -- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR IRS. IDENTIFICATION NO. OF ABOVE PERSON Dennis R. Ascher - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* 00 - -------------------------------------------------------------------------------- 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 of America - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES -0- ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY -0- ------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING -0- ------------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0- - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 2 of 7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 8 SCHEDULE 13D CUSIP No. 911920205 Page 8 of 15 Pages ----------------------- - -- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR IRS. IDENTIFICATION NO. OF ABOVE PERSON Jeffrey T. Nikora - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* 00 - -------------------------------------------------------------------------------- 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 of America - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES -0- ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY -0- ------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING -0- ------------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0- - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 2 of 7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 9 The Statement on Schedule 13D, dated June 21, 1993 relating to the preferred stock, $.10 par value per share, CUSIP No. 911920205 (the "Preferred Stock"), of U.S. Home Corporation, a Delaware corporation (the "Issuer"), and filed by The Foothill Group, Inc., a Delaware corporation ("Group"), Foothill Capital Corporation, a California corporation ("Capital"), Foothill Partners, L.P., a Delaware limited partnership ("Partners"), Don L. Gevirtz, John F. Nickoll, Dennis R. Ascher and Jeffrey T. Nikora (collectively, the "Managing General Partners") (Group, Fund, Capital, Partners and the Managing General Partners are collectively referred to hereinafter as the "Filing Persons") is amended and restated as follows: Item 1. Security and Issuer. This Schedule 13D relates to the Preferred Stock. The Issuer has its principal executive offices at 1800 West Loop South, Houston, Texas 77027. Item 2. Identity and Background. This Schedule 13D is filed on behalf of the Filing Persons. Group and the Managing General Partners are the general partners of Partners. Capital is a wholly-owned subsidiary of Group. Under the definition of "beneficial owner" ("Beneficial Owner Definition") provided in Rule 13d-3 promulgated under the Securities Exchange Act of 1934, as amended, Group and the Managing General Partners may be deemed to own beneficially the shares of Preferred Stock owned by Partners by virtue of the fact that Group and the Managing General Partners, as the general partners of Partners, share with Partners the voting and dispositive power with respect to shares of Preferred Stock held or acquired by Partners. Also under the Beneficial Owner Definition, Group may be deemed to own beneficially the shares of Preferred Stock owned by Capital by virtue of the fact that Group, as the parent of Capital, has voting or dispositive power with respect to shares of Common Stock held by Capital. Group has its principal business address and its principal business office at 11111 Santa Monica Boulevard, Suite 1500, Los Angeles, California 90025. The principal business of Group is that of a financial services holding company. Capital has its principal business address and principal business office at 11111 Santa Monica Boulevard, Suite 1500, Los Angeles, California 90025. The principal Page 9 of 15 pages. 10 business of Capital is to engage in asset-based financing to businesses. Partners has its principal business address and its principal business office at 11111 Santa Monica Boulevard, Suite 1500, Los Angeles, California 90025. The principal business of Partners is to engage in the business of investment in various financial assets. Each of the Managing Partners has his principal business address and his principal business office at 11111 Santa Monica Boulevard, Suite 1500, Los Angeles, California 90025. The principal business of each Managing Partner is to engage in the business of investment in various financial assets. The names of the directors and executive officers of Group and Capital, their business addresses, their present principal occupations and the principal addresses of their respective employers are as follows: THE FOOTHILL GROUP, INC.
Principal Name Business Address Occupation ---- ---------------- ---------- Don L. Gevirtz 11111 Santa Monica Blvd. Chief Executive Officer Suite 1500 and Chairman of the Los Angeles, CA 90025 Board John F. Nickoll 11111 Santa Monica Blvd. President, Vice Suite 1500 Chairman of the Board, Los Angeles, CA 90025 Co-Chief Executive Officer, Chief Operating Officer and Director David C. Hilton 11111 Santa Monica Blvd. Executive Vice Suite 1500 President Los Angeles, CA 90025 Peter E. Schwab 11111 Santa Monica Blvd. Executive Vice Suite 1500 President Los Angeles, CA 90025
Page 10 of 15 pages. 11 Henry K. Jordan 11111 Santa Monica Blvd. Senior Vice President, Suite 1500 Chief Financial Officer Los Angeles, CA 90025 and Corporate Secretary Steven L. Volla American Healthcare Management, Inc. Director; Chairman of 660 American Avenue the Board and Chief Suite 200 Executive Officer King of Prussia, PA 19406 Warren Bennis, Ph.D. USC School of Business Director; Professor Administration 300-A Bridge Hall 901 Exposition Blvd. Los Angeles, CA 90089 Arthur Malin, M.D. 606 No. Foothill Road Director; Professor Beverly Hills, CA 90201 Jeffrey A. Lipkin Recovery Equity Director; General Partners, L.P. Partner 901 Marina Island Blvd. Suite 555 San Mateo, CA 94404 Joseph J. Finn-Egan Recovery Equity Director; General Partners, L.P. Partner 901 Marina Island Blvd. Suite 555 San Mateo, CA 94404
FOOTHILL CAPITAL CORPORATION
Principal Name Business Address Occupation ---- ---------------- ---------- John F. Nickoll 11111 Santa Monica Blvd. Chairman of the Board Suite 1500 and Director Los Angeles, CA 90025 Don L. Gevirtz 11111 Santa Monica Blvd. Vice President Suite 1500 Los Angeles, CA 90025 Peter E. Schwab 11111 Santa Monica Blvd. President
Page 11 of 15 pages. 12 Suite 1500 Chief Operating Los Angeles, CA 90025 Officer and Director David C. Hilton 11111 Santa Monica Blvd. Executive Vice Suite 1500 President, Chief Los Angeles, CA 90025 Financial Officer, Chief Credit Officer and Director Henry K. Jordan 11111 Santa Monica Blvd. Senior Vice President/ Suite 1500 Finance and Corporate Los Angeles, CA 90025 Secretary Ellyn Norwood 11111 Santa Monica Blvd. Senior Vice President/ Suite 1500 Human Resources Los Angeles, CA 90025
The names of the Managing General Partners, their business addresses, their present principal occupations and the principal addresses of their respective employers are as follows:
Name Business Address Principal Occupation ---- ---------------- -------------------- Don L. Gevirtz 11111 Santa Monica Blvd. Chief Executive Officer and Suite 1500 Chairman of the Board of Los Angeles, CA 90025 Group John F. Nickoll 11111 Santa Monica Blvd. President, Co-Chief Suite 1500 Executive Officer, and Los Angeles, CA 90025 Director of Group Dennis R. Ascher 11111 Santa Monica Blvd. Vice President of Group Suite 1500 Los Angeles, CA 90025 Jeffrey T. Nikora 11111 Santa Monica Blvd. Vice President of Group Suite 1500 Los Angeles, CA 90025
Page 12 of 15 pages. 13 During the last five years, to the knowledge of the Filing Persons, neither any of the Filing Persons nor any of the above-named directors or executive officers of Group or Capital has been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) or was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to federal or state securities laws or finding any violation with respect to such laws. To the knowledge of the Filing Persons, all of Group's and Capital's directors and executive officers and all of the Managing General Partners are citizens of the United States. Item 3. Source and Amount of Funds or Other Consideration. Capital received Preferred Stock in satisfaction of the claims that Capital held against the Issuer in a voluntary Chapter 11 proceeding filed on April 15, 1991, by the Issuer in the United States Bankruptcy Court for the Southern District of New York. (Case Nos. 91B11625-91B11678 re: U.S. Home Corporation). In this bankruptcy proceeding, a plan was approved on May 24, 1993 (the "Bankruptcy Plan"), pursuant to which claims against the Issuer in the amount of $162,514,466.50 resulting from that certain unsecured credit agreement by and among the Issuer and a group of 17 lenders, including Capital, (the "Old Credit Agreement"), were satisfied by the distribution of cash and certain equity securities of the Issuer (the "Distribution"). As a result of the Distribution, Capital received $7,543,905.97 in cash, 149,464 shares of Preferred Stock and 142,714 shares of common stock, $.01 par value per share (the "Common Stock"), of the Issuer. Capital subsequently distributed $5,657,929.48 in cash, 112,098 shares of Preferred Stock and 107,036 shares of Common Stock to Partners. Prior to the Distribution, Capital was a lender pursuant to the Old Credit Agreement, and, pursuant to the Bankruptcy Plan, Capital's allowed claim equaled $11,517,527.85 ($427,275.71 of which represents accrued but unpaid interest and $56,696.63 of which represents fees). Subsequent to the Distribution, each of Capital and Partners sold on the open market in a series of transactions ending on October 13, 1993 all of the shares of Preferred Stock that it has owned. These sales of Preferred Stock occurred at prices ranging from $24.19 per share to $26.19 per share. Item 4. Purpose of Transaction. The Filing Persons have disposed of all of their shares of Preferred Stock in sales on the open market. Page 13 of 15 pages. 14 Item 5. Interest in Securities of The Issuer. (a) As of the date of their execution hereof, each of the Filing Persons was the direct owner of -0- shares of Preferred Stock. (b) As of the date of their execution hereof, each of the Filing Persons had the sole or shared power to vote or dispose of -0- shares of Preferred Stock. (c) Each of Capital and Partners disposed of all of the shares of Preferred Stock that it owned in a series of sales on the open market commencing on August 26, 1993 and ending on October 13, 1993. These sales of Preferred Stock occurred at prices ranging from $24.19 per share to $26.19 per share. (d) Not applicable. (e) On October 13, 1993, the Filing Persons ceased to be the beneficial owners of more than five percent of the Preferred Stock. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. Group and the Managing General Partners are the general partners of Partners under an Amended and Restated Agreement of Limited Partnership, dated as of October 10, 1990, as amended (the "Partners Agreement"). The Partners Agreement provides for the formation of Partners as a partnership to invest the funds of the partnership primarily in bank debt of companies which are involved in reorganization or are experiencing financial distress. The general partners of Partners have certain rights to receive the proceeds of the sales of securities, including the Preferred Stock of the Issuer, if any, in accordance with the Partners Agreement. Group, Capital, Partners and the Managing General Partners have executed a joint reporting agreement (the "Joint Reporting Agreement") dated June 21, 1993, which was attached to the Initial Filing as Exhibit 1 thereto and is incorporated herein by reference, pursuant to which they have agreed to file one joint statement on behalf of all of them with respect to the subject matter of this Schedule 13D. Item 7. Material to be Filed as Exhibits. The Joint Reporting Agreement is incorporated herein by reference. Page 14 of 15 pages. 15 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. Dated: May 19, 1994 THE FOOTHILL GROUP, INC. By: /s/ Dennis R. Ascher --------------------------------- Name: Dennis R. Ascher Title: Vice President FOOTHILL CAPITAL CORPORATION By: /s/ Dennis R. Ascher --------------------------------- Name: Dennis R. Ascher Title: Vice President FOOTHILL PARTNERS, L.P. a Delaware Limited Partnership By: The Foothill Group, Inc., General Partner By: /s/ Dennis R. Ascher --------------------------------- Name: Dennis R. Ascher Title: Vice President MANAGING GENERAL PARTNERS /s/ Don L. Gevirtz ------------------------------------ Don L. Gevirtz /s/ John F. Nickoll ------------------------------------ John F. Nickoll /s/ Dennis R. Ascher ------------------------------------ Dennis R. Ascher /s/ Jeffrey T. Nikora ------------------------------------ Jeffrey T. Nikora Page 15 of 15 pages. -----END PRIVACY-ENHANCED MESSAGE-----