-----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, GUPNQWmwGBxeKV/f7W5a6xp3KidrEBXL5srDkeL/OKcMHjgQFcU2P/ibDzgrQ0MF 83vLHOZHudxYvkp9hWecow== 0000950130-01-001457.txt : 20010327 0000950130-01-001457.hdr.sgml : 20010327 ACCESSION NUMBER: 0000950130-01-001457 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010326 GROUP MEMBERS: FOG CAP LP GROUP MEMBERS: FOG CUTTER CAPITAL GROUP INC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WILSHIRE FINANCIAL SERVICES GROUP INC CENTRAL INDEX KEY: 0001024321 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] IRS NUMBER: 931223879 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-49579 FILM NUMBER: 1578167 BUSINESS ADDRESS: STREET 1: 1776 SW MADISON STREET CITY: PORTLAND STATE: OR ZIP: 97205 BUSINESS PHONE: 5032235600 MAIL ADDRESS: STREET 1: 776 SW MADISON ST CITY: PROTLAND STATE: OR ZIP: 97205 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FOG CUTTER CAPITAL GROUP INC CENTRAL INDEX KEY: 0001048566 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 522081138 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1631 SW COLUMBIA STREET CITY: PORTLAND STATE: OR ZIP: 97201 BUSINESS PHONE: 5037216500 MAIL ADDRESS: STREET 1: 1310 S W 17TH ST CITY: PORTLAND STATE: OR ZIP: 97201 FORMER COMPANY: FORMER CONFORMED NAME: WILSHIRE REAL ESTATE INVESTMENT TRUST INC DATE OF NAME CHANGE: 19971027 SC 13D/A 1 0001.txt AMENDMENT NO.4 TO SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A (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. 4 Wilshire Financial Services Group Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 971867106 - -------------------------------------------------------------------------------- (CUSIP Number) Fog Cutter Capital Group Inc. 1631 SW Columbia Street Portland, Oregon 97201 (503) 721-6500 with a copy to: Daniel E. Titelbaum, Esq. Heller Ehrman White & McAuliffe 333 Bush Street, San Francisco, California 94104 (415) 772-6000 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 28, 2000 - January 31, 2001 ------------------------------------- (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 [_]. (Continued on following pages) (Page 1 of 5 pages) SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 971867106 PAGE 2 OF 5 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Fog Cutter Capital Group Inc. EIN: 52-2081138 - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 OO - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Maryland - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF None SHARES --------------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 2,874,791 OWNED BY --------------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING None PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 2,874,791 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 2,874,791 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 14.35% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 CO - ------------------------------------------------------------------------------ *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. SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 971867106 PAGE 3 OF 5 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Fog Cap L.P. EIN: 93-1236269 - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 OO - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF None SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 2,874,791 OWNED BY --------------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING None PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 2,874,791 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 2,874,791 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 14.35% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 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. --------------------- PAGE 4 OF 5 PAGES --------------------- INTRODUCTION The Reporting Persons herein named hereby file this Amendment No. 4 to the Statement on Schedule 13D filed by the Reporting Persons on June 10, 1999 and amended on June 18, 1999, June 23, 1999 and December 20, 1999 (the "Statement") in respect of shares of Common Stock of Wilshire Financial Services Group Inc. Defined terms not otherwise defined herein have the meanings ascribed thereto in the Statement. Only those Items amended (including the cover pages of this Statement) are reported herein. Item 2. Identity and Background Wilshire Real Estate Investment Inc. has changed its name to "Fog Cutter Capital Group Inc." ("FCCG"). FCCG's address has changed to: 1631 SW Columbia Street Portland, Oregon 97201 Wilshire Real Estate Partnership, L.P. has changed its name to "Fog Cap L.P." ("FCLP"). FCLP's address has changed to: 1631 SW Columbia Street Portland, Oregon 97201 In all other respects the information in Item 2 remains unchanged. Item 4. Purpose of Transaction Item 4 is amended by adding the following paragraphs to the end of Item 4: In August, 2000, FCCG, together with Andrew A. Wiederhorn and Lawrence A. Mendelsohn, entered into settlement agreements with WFSG and its subsidiaries and affiliates (other than First Bank of Beverly Hills, F.S.B.), pursuant to which all disputes among the parties have been settled (the "Settlement"). An affiliate of the Issuer continues to service certain mortgage-backed securities held by FCCG. Further, FCCG enjoys a prepaid servicing fee credit with this affiliate of the Issuer to be utilized by servicing of the loans for FCCG (exclusive of the mortgage-backed securities). On November 8, 2000, FCCG withdrew its holding company application on Form H-(e)(1) with the Office of Thrift Supervision ("OTS") previously referred to in this Schedule based upon conversations with the OTS that no further action under Paragraph 1 of the Order by the Director of OTS dated May 20, 1999 was required by FCCG or its affiliates. On January 30, 2001, FCCG filed a rebuttal of control application ("Rebuttal Application") seeking that the OTS determine that FCCG would not "control" WFSG if FCCG, through no action of its own, became one of the two largest shareholders of WFSG. On February 22, 2001, after discussions with OTS staff members, FCCG withdrew the Rebuttal Application without prejudice as the OTS indicated that it was not prepared to make such a determination in advance. --------------------- PAGE 5 OF 5 PAGES --------------------- SIGNATURE After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: March 23, 2001 Fog Cutter Capital Group Inc. By: /s/ Andrew A. Wiederhorn ------------------------- Andrew A. Wiederhorn Title: Chief Executive Officer Fog Cap L.P. By: Fog Cutter Capital Group Inc. Its: General Partner By: /s/ Andrew A. Wiederhorn ------------------------- Andrew A. Wiederhorn Title: Chief Executive Officer -----END PRIVACY-ENHANCED MESSAGE-----