-----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, NPfeTXei+kNO3hPlas+WSqsTCPuyvWQ46pIUNgQeJYhPtJN6rUv3wo3tvf/kbsJh Oy/PFmd5uYdewBvGsYjvdw== 0000950123-97-010449.txt : 19971218 0000950123-97-010449.hdr.sgml : 19971218 ACCESSION NUMBER: 0000950123-97-010449 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19971217 SROS: NONE GROUP MEMBERS: OAKTREE CAPITAL MANAGEMENT LLC GROUP MEMBERS: OCM PRINCIPAL OPPORTUNITIES FUND LP GROUP MEMBERS: ROBERT A. DAY GROUP MEMBERS: TCW ASSET MANAGEMENT COMPANY GROUP MEMBERS: TCW GROUP INC GROUP MEMBERS: TCW SPECIAL CREDITS GROUP MEMBERS: TCW SPECIAL CREDITS FUND III GROUP MEMBERS: TCW SPECIAL CREDITS FUND IIIB GROUP MEMBERS: TCW SPECIAL CREDITS TRUST IIIB GROUP MEMBERS: TRUST COMPANY OF THE WEST SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ACORN PRODUCTS INC CENTRAL INDEX KEY: 0001036713 STANDARD INDUSTRIAL CLASSIFICATION: CUTLERY, HANDTOOLS & GENERAL HARDWARE [3420] IRS NUMBER: 223265462 FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-51197 FILM NUMBER: 97739733 BUSINESS ADDRESS: STREET 1: 500 DUBLIN AVENUE CITY: COLUMBUS STATE: OH ZIP: 43216-1930 BUSINESS PHONE: 6142224400 MAIL ADDRESS: STREET 1: 500 DUBLIN AVENUE CITY: COLUMBUS STATE: OH ZIP: 43216-1930 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TCW GROUP INC CENTRAL INDEX KEY: 0000850401 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 865 SOUTH FIGUEROA ST CITY: LOS ANGELES STATE: CA ZIP: 90017 MAIL ADDRESS: STREET 2: 865 SOUTH FIGUEROA STREET CITY: LOS ANGELES STATE: CA ZIP: 90017 SC 13D/A 1 AMENDMENT #1 TO SCHEUDLE 13D 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO.1)* ACORN PRODUCTS, INC. (Name of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securities) 004857 10 8 (CUSIP Number) Michael E. Cahill, Esq. Kenneth Liang Managing Director & General Counsel Managing Director & General Counsel The TCW Group, Inc. Oaktree Capital Management, LLC 865 South Figueroa Street, Suite 1800 550 South Hope Street, 22nd Floor Los Angeles, California 90017 Los Angeles, California 90071 (213) 244-0000 (213) 614-0000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 9, 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 [ ]. 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). 2 SCHEDULE 13D - ----------------------------------------------- ------------------------------------------------ CUSIP NO. 004857 10 8 PAGE 2 OF 6 PAGES - ----------------------------------------------- ------------------------------------------------
==================================================================================================================================== 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Oaktree Capital Management, LLC - ------------------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[ ] (b)[X] - ------------------------------------------------------------------------------------------------------------------------------------ 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 California - ------------------------------------------------------------------------------------------------------------------------------------ 7 NUMBER OF SOLE VOTING POWER SHARES BENEFICIALLY 1,107,500 OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------------------------------------------------------------- 8 SHARED VOTING POWER -0- --------------------------------------------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 1,107,500 --------------------------------------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,107,500 - ------------------------------------------------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 17.1% - ------------------------------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* IA; OO ==================================================================================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
3 SCHEDULE 13D - ----------------------------------------------- ------------------------------------------------ CUSIP NO. 004857 10 8 PAGE 3 OF 6 PAGES - ----------------------------------------------- ------------------------------------------------
==================================================================================================================================== 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON OCM Principal Opportunities Fund, L.P. - ------------------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[ ] (b)[X] - ------------------------------------------------------------------------------------------------------------------------------------ 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 NUMBER OF SOLE VOTING POWER SHARES BENEFICIALLY 1,107,500 OWNED BY EACH REPORTING PERSON WITH --------------------------------------------------------------------------------------------------------------------- 8 SHARED VOTING POWER -0- --------------------------------------------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 1,107,500 --------------------------------------------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,107,500 - ------------------------------------------------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 17.1% - ------------------------------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
4 This Amendment No. 1 amends and supplements, pursuant to Rule 13d-2(a), the Schedule 13D of The TCW Group, Inc., Robert A. Day, Trust Company of the West, TCW Asset Management Company, TCW Special Credits, TCW Special Credits Fund III, TCW Special Credits Fund IIIb, TCW Special Credits Trust IIIb, Oaktree Capital Management, LLC and OCM Principal Opportunities Fund, L.P. filed with the Securities and Exchange Commission on July 3, 1997 relating to the common stock, par value $0.001 per share (the "Common Stock") of Acorn Products, Inc., a Delaware corporation (the "Issuer"). ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION Paragraph five of Item 3 is hereby amended and restated in its entirety to read as follows: The Oaktree Fund holds 1,107,500 shares of the Issuer's outstanding Common Stock. The Oaktree Fund acquired 812,500 shares of the Issuer's outstanding Common Stock in the Issuer's initial public offering for $14.00 per share. The Oaktree Fund acquired 125,000 shares of the Issuer's outstanding Common Stock pursuant to a negotiated private transaction for $14.00 per share. Through open market purchases, the Oaktree Fund acquired 10,000 shares of the Issuer's outstanding Common Stock for $14.00 per share, 20,000 shares of the Issuer's outstanding Common Stock for $10.75 per share and 140,000 shares of the Issuer's outstanding Common Stock for $10.28 per share. All such purchases were made from the working capital of the Oaktree Fund. Item 5. INTEREST AND SECURITIES OF THE ISSUER Paragraphs six and seven of subsection (a) of Item 5 are hereby amended and restated in their entirety as follows: As of the date of this Statement, the Oaktree Fund beneficially owns 1,107,500 shares of the Issuer's outstanding Common Stock, which is approximately 17.1% of the Issuer's outstanding Common Stock. Oaktree, as the general partner of the Oaktree Fund, may be deemed to beneficially own 1,107,500 shares of the Issuer's Common Stock. Certain principals of Oaktree are individual general partners of Special Credits, (the "Individual Partners"). The Individual Partners, in their capacity as general partners of Special Credits, have been designated to manage the Special Credits Limited Partnerships, the Special Credits Trusts and the Special Credits Accounts. Although Oaktree provides consulting, research and other investment management support to the Individual Partners, Oaktree does not have voting or dispositive power with respect to the Special Credits Limited Partnerships, the Special Credits Trusts or the Special Credits Accounts. Oaktree therefore disclaims beneficial ownership of the 3,162,049 shares of the Issuer's Common Stock, or approximately 48.9% of the outstanding shares of the Issuer's Common Stock, held by the Special Credits Entities and the Special Credits Accounts, and the filing of this Statement shall not be construed as an admission that Oaktree is the beneficial owner of any securities held by the Special Credits Entities and the Special Credits Accounts. Paragraph five of subsection (b) of Item 5 is hereby amended and restated in its entirety as follows: Oaktree, as the general partner of the Oaktree Fund, has discretionary authority and control over all of the assets of the Oaktree Fund pursuant to the partnership agreement for the Oaktree Fund, including the power to vote and dispose of the Issuer's Common Stock held in the name of the Oaktree Fund. Therefore, Oaktree has the power to vote and dispose of 1,107,500 shares of the Issuer's Common Stock. 5 SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, the undersigned certify that the information set forth in this Amendment No. 1 is true, complete and correct. Dated as of this 16th day of December, 1997. THE TCW GROUP, INC. /s/ Mohan Phansalkar - --------------------------------------- Mohan Phansalkar Authorized Signatory ROBERT A. DAY /s/ Mohan Phansalkar - --------------------------------------- Mohan Phansalkar Under Power of Attorney dated January 30, 1996, on file with Schedule 13G Amendment No. 1 for Matrix Service Co. dated January 30, 1996 TRUST COMPANY OF THE WEST /s/ Bruce A. Karsh - --------------------------------------- Bruce A. Karsh Authorized Signatory TCW ASSET MANAGEMENT COMPANY /s/ Bruce A. Karsh - --------------------------------------- Bruce A. Karsh Authorized Signatory TCW SPECIAL CREDITS /s/ Bruce A. Karsh - ---------------------------------------- Bruce A. Karsh, Authorized Signatory of TCW Asset Management Company, the Managing General Partner of TCW Special Credits 21 6 TCW SPECIAL CREDITS FUND III /s/ Bruce A. Karsh - -------------------------------------- Bruce A. Karsh Authorized Signatory of TCW Asset Management Company, the Managing General Partner of TCW Special Credits, the General Partner of TCW Special Credits Fund III TCW SPECIAL CREDITS FUND IIIb /s/ Bruce A. Karsh - ----------------------------------------- Bruce A. Karsh Authorized Signatory of TCW Asset Management Company, the Managing General Partner of TCW Special Credits, the General Partner of TCW Special Credits Fund IIIb TCW SPECIAL CREDITS TRUST IIIb /s/ Bruce A. Karsh - --------------------------------------- Bruce A. Karsh Authorized Signatory of Trust Company of the West, the trustee of TCW Special Credits Trust IIIb OAKTREE CAPITAL MANAGEMENT, LLC /s/ Kenneth Liang - --------------------------------------- Kenneth Liang Managing Director and General Counsel OCM PRINCIPAL OPPORTUNITIES FUND, L.P. /s/ Kenneth Liang - --------------------------------------- Kenneth Liang Managing Director and General Counsel of Oaktree Capital Management, LLC, the General Partner of OCM Principal Opportunities Fund, L.P. 22 -----END PRIVACY-ENHANCED MESSAGE-----