0001011438-01-500249.txt : 20011106
0001011438-01-500249.hdr.sgml : 20011106
ACCESSION NUMBER: 0001011438-01-500249
CONFORMED SUBMISSION TYPE: SC 13D/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20011101
GROUP MEMBERS: AIM CAPITAL, LLC
GROUP MEMBERS: ANDREW A. WIEDERHORN
GROUP MEMBERS: JOYCE MENDELSOHN
GROUP MEMBERS: LAWRENCE A. MENDELSOHN
GROUP MEMBERS: MFLP, L.P.
GROUP MEMBERS: RPM CAPITAL, LLC
GROUP MEMBERS: S&SINVESTORS, LLC
GROUP MEMBERS: TIFFANY WIEDERHORN
GROUP MEMBERS: TTMM, L.P.
GROUP MEMBERS: WM STARLIGHT, LLC
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: WIEDERHORN ANDREW
CENTRAL INDEX KEY: 0001033016
STANDARD INDUSTRIAL CLASSIFICATION: []
FILING VALUES:
FORM TYPE: SC 13D/A
BUSINESS ADDRESS:
STREET 1: C/O WILSHIRE FINANCIAL SERVICES GROUP
STREET 2: 1776 SW MADISON STREET
CITY: PORTLAND
STATE: OR
ZIP: 97205
BUSINESS PHONE: 5032235600
SUBJECT COMPANY:
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
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-54067
FILM NUMBER: 1773300
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
sch13d-a.txt
AMENDMENT NO. 1 - GROUP FILING
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. 1)
FOG CUTTER CAPITAL GROUP INC.
-------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.0001 per share
-------------------------------------------------------------------------------
(Title of Class of Securities)
971892104
-------------------------------------------------------------------------------
(CUSIP Number)
Andrew A. Wiederhorn Lawrence A. Mendelsohn
c/o Fog Cutter Capital Group Inc. c/o Fog Cutter Capital Group Inc.
1410 SW Jefferson St. 1410 SW Jefferson St.
Portland, Oregon 97201 Portland, Oregon 97201
(503) 721-6500 (503) 721-6500
-------------------------------------------------------------------------------
(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)
October 28, 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 that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box. [ ].
NOTE: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Rule 13d-7 for other
parties to whom copies are to be sent.
(Continued on following pages)
CUSIP No. 971892104 13D Page 2 of 16 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
ANDREW A. WIEDERHORN
________________________________________________________________________________
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
NUMBER OF 0 (See Response to Items 4 and 5)
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
3,162,795 (See Response to Items 4 and 5)
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 365,000 (See Response to Items 4 and 5)
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
1,753,035 (See Response to Items 4 and 5)
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,162,795
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
29.22% (See Response to Items 4 and 5)
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 971892104 13D Page 3 of 16 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
TIFFANY WIEDERHORN
________________________________________________________________________________
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
NUMBER OF 629,255 (See Response to Items 4 and 5)
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
2,533,540 (See Response to Items 4 and 5)
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 629,255 (See Response to Items 4 and 5)
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
1,488,780 (See Response to Items 4 and 5)
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,162,795
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
29.22%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 971892104 13D Page 4 of 16 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
TTMM, L.P.
________________________________________________________________________________
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
NUMBER OF 100,000
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 100,000
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100,000
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.95% (See Response to Items 4 and 5)
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 971892104 13D Page 5 of 16 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
WM STARLIGHT INVESTMENTS, LLC
________________________________________________________________________________
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
NUMBER OF 13,826
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 13,826
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,826
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.13% (See Response to Items 4 and 5)
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
OO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 971892104 13D Page 6 of 16 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
LAWRENCE A. MENDELSOHN
________________________________________________________________________________
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
NUMBER OF 175,000
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
25,000
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 200,000
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
200,000
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.87% (See Response to Items 4 and 5)
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 971892104 13D Page 7 of 16 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
JOYCE MENDELSOHN
________________________________________________________________________________
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
NUMBER OF 0
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
17,158
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 17,158
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
17,158
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.16% (See Response to Items 4 and 5)
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 971892104 13D Page 8 of 16 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
MFLP, L.P.
________________________________________________________________________________
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
NUMBER OF 0
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
80,000
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 80,000
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
80,000
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.76% (See Response to Items 4 and 5)
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
PN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 971892104 13D Page 9 of 16 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
AIM CAPITAL, LLC
________________________________________________________________________________
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
NUMBER OF 0
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
150,801
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 150,801
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
150,801
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.43% (See Response to Items 4 and 5)
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
OO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 971892104 13D Page 10 of 16 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
RPM CAPITAL, LLC
________________________________________________________________________________
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
NUMBER OF 0
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
252,301
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 252,301
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
252,301
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.40% (See Response to Items 4 and 5)
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
OO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 971892104 13D Page 11 of 16 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
S&S INVESTORS, LLC
________________________________________________________________________________
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
WASHINGTON
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF 0
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
519,500
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 519,500
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
519,500
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.94% (See Response to Items 4 and 5)
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
OO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
PRELIMINARY NOTE
This Amendment No. 1 ("Amendment No. 1") amends and supplements the
Schedule 13D originally filed on October 26, 2001, (the "Schedule 13D"), filed
on behalf of a group within the meaning of Section 13(d) of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), consisting of Andrew
Wiederhorn, Tiffany Wiederhorn, TTMM, L.P., WM Starlight Investments, LLC,
Lawrence A. Mendelsohn, Joyce Mendelsohn, MFLP, L.P., AIM Capital, LLC, RPM
Capital, LLC and S&S Investors, LLC (each a "Reporting Person" and collectively,
the "Reporting Persons").
The Reporting Persons may be deemed to be acting together for purposes of
acquiring, holding, voting or disposing of shares of Common Stock, par value
$0.0001 per share, of Fog Cutter Capital Group Inc., within the meaning of
Section 13(d) of the Exchange Act and Rule 13d-5 promulgated thereunder. An
Agreement to File a Joint Statement on Schedule 13D among the Reporting Persons
authorizing that this Amendment No. 1 be filed on behalf of each of them is
annexed as Exhibit 1 to this Amendment No. 1.
ITEM 4. PURPOSE OF THE TRANSACTION.
The purpose of this Amendment No.1 to the Schedule 13D is to report changes
in certain information reported by the Reporting Persons on its previous
Schedule 13D. Item 4 is hereby amended to report the following information:
On October 22, 2001, Mr. Wiederhorn notified the Issuer that he was
nominating himself, Mr. Mendelsohn and three other individuals for election to
the board of directors of the Issuer (the "Board of Directors") at the next
annual meeting of the Issuer at which directors are elected.
On October 28, 2001, Pat Terrell, one of the members of the Board of
Directors, resigned. Also on October 28, 2001, following Mr. Terrell's
resignation, the members of the Issuer's Board of Directors unanimously approved
and adopted a series of resolutions to: (1) fill the two vacancies on the board
resulting from resignations, (2) increase the size of the Board of Directors
from five members to seven members, (3) fill one of the vacancies resulting from
the increase in the size of the Board of Directors, and (4) nominate and submit
to the Issuer's stockholders for election at the next annual meeting of the
Issuer's stockholders the then-current directors of the Issuer (the "Current
Directors"), namely:
Andrew A. Wiederhorn
Lawrence A. Mendelsohn
Jordan Schnitzer
Don H. Coleman
David Dale-Johnson
K. Kenneth Kotler
Page 12 of 16 Pages
As a result of such changes to the Board of Directors, and subject to
nomination and submission of the Current Directors to the stockholders, Mr.
Wiederhorn withdrew his prior notice to nominate his slate of directors, all of
whom are among the Current Directors.
Other than as described above, or in the original Schedule 13D previously
filed, none of the Reporting Persons has any present plans or proposals which
would related to or would result in (a) the acquisition by any Reporting Person
of additional securities of the Issuer, (b) an extraordinary corporate
transaction, such as a merger, reorganization, or liquidation involving the
Issuer, (c) a sale or transfer of a material amount of the assets of the Issuer,
(d) any change in the present board of directors or to fill any existing
vacancies on the Issuer's board of directors, (e) any material change in the
present capitalization or dividend policy of the Issuer, (f) any other material
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, (h) 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
inter-dealer quotation system of a registered national securities association,
(i) a class of equity securities of the Issuer becoming eligible for termination
of registration pursuant to Section 12(g)(4) of the Act, or (j) any action
similar to any of those enumerated above. Item 4 disclosure provisions regarding
any plans or proposals to make any changes in a company's investment policy for
which a vote is required by Section 13 of the Investment Company Act of 1940 are
inapplicable.
Notwithstanding anything contained herein, each of the Reporting Persons
reserves the right, depending on other relevant factors, to purchase additional
shares of Common Stock or to dispose of all or a portion of his or her holdings
of Common Stock or change his or her intention with respect to any and all of
the matters referred to in this Item 4.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Pursuant to the Non-Statutory Stock Option Agreement dated September 30,
1999, the Issuer granted to Mr. Wiederhorn options to purchase 630,000 shares of
Common Stock of the Issuer in consideration of Mr. Wiederhorn's services to the
Issuer. As of September 30, 2001, 315,000 of these options were vested.
Pursuant to the Non-Statutory Stock Option Agreement dated September 30,
1999, the Issuer granted to Mr. Mendelsohn options to purchase 350,000 shares of
Common Stock of the Issuer in consideration of Mr. Mendelsohn's services to the
Issuer. As of September 30, 2001, 175,000 of these options were vested.
Except as described in this Amendment No. 1 and the exhibits hereto, and in
the original Schedule 13D previously filed, there are no contracts,
arrangements, understandings or relationships with respect to securities of the
Issuer.
Page 13 of 16 Pages
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
EXHIBIT
NO. DESCRIPTION
------- -----------
1. Agreement to File a Joint Statement on Schedule 13D among the
Reporting Persons.
2. Non-Statutory Stock Option Agreement between the Issuer and Andrew A.
Wiederhorn, dated September 30, 1999.
3. Non-Statutory Stock Option Agreement between the Issuer and Lawrence
A. Mendelsohn, dated September 30, 1999.
Page 14 of 16 Pages
SIGNATURES AND POWER OF ATTORNEY
After reasonable inquiry and to the best of knowledge and belief of each
person or entity set forth below, each such person or entity certifies that the
information set forth in this Statement is true, complete and correct.
November 1, 2001 /S/ ANDREW WIEDERHORN
----------------------------------------
Andrew Wiederhorn
November 1, 2001 /S/ TIFFANY WIEDERHORN
----------------------------------------
Tiffany Wiederhorn
November 1, 2001 TTMM, L.P.
By: IVY CAPITAL PARTNERS,
L.P., its general partner
By: WIEDERHORN FAMILY LIMITED
PARTNERSHIP, its general partner
By: /S/ TIFFANY WIEDERHORN
---------------------------------
Tiffany Wiederhorn,
its General Partner
November 1, 2001 WM STARLIGHT INVESTMENTS, LLC
By: /S/ TIFFANY WIEDERHORN
---------------------------------
Tiffany Wiederhorn,
its Managing Member
November 1, 2001 /S/ LAWRENCE A. MENDELSOHN
----------------------------------------
Lawrence A. Mendelsohn
November 1, 2001 *
----------------------------------------
Joyce Mendelsohn
Page 15 of 16 Pages
November 1, 2001 MFLP, L.P.
By: /S/ LAWRENCE A. MENDELSOHN
---------------------------------
Name: Lawrence A. Mendelsohn
Title: General Partner
November 1, 2001 AIM CAPITAL, LLC
By: *
---------------------------------
Name: Joyce Mendelsohn
Title: Managing Member
November 1, 2001 RPM CAPITAL, LLC
By: *
---------------------------------
Name: Joyce Mendelsohn
Title: Managing Member
November 1, 2001 S&S INVESTORS, LLC
By: *
---------------------------------
Name: Eric Shuhandler
Title: Managing Member
* By: /S/ LAWRENCE A. MENDELSOHN
---------------------------------
Lawrence A. Mendelsohn
Attorney-in-Fact
Page 16 of 16 Pages
SCHEDULE A
ADDRESSES OF REPORTING PERSONS
Andrew Wiederhorn
c/o Fog Cutter Capital Group Inc.
1410 SW Jefferson St.
Portland, Oregon 97201
Tiffany Wiederhorn
c/o Fog Cutter Capital Group Inc.
1410 SW Jefferson St.
Portland, Oregon 97201
TTMM, L.P.
1410 SW Jefferson St.
Portland, Oregon 97201
WM Starlight Investments, LLC
1410 SW Jefferson St.
Portland, Oregon 97201
Lawrence A. Mendelsohn
c/o Fog Cutter Capital Group Inc.
1410 SW Jefferson St.
Portland, Oregon 97201
Joyce Mendelsohn
c/o Linda Johannsen, Esq.
Preston, Gates & Ellis, LLP
222 S.W. Columbia Street, Suite 1400
Portland, Oregon 97201-6632
S&S Investors, LLC
c/o Linda Johannsen, Esq.
Preston, Gates & Ellis, LLP
222 S.W. Columbia Street, Suite 1400
Portland, Oregon 97201-6632
MFLP, L.P.
Linda Johannsen, Esq.
Preston, Gates & Ellis, LLP
222 S.W. Columbia Street, Suite 1400
Portland, Oregon 97201-6632
RPM Capital, LLC
Linda Johannsen, Esq.
Preston, Gates & Ellis, LLP
222 S.W. Columbia Street, Suite 1400
Portland, Oregon 97201-6632
AIM Capital, LLC
Linda Johannsen, Esq.
Preston, Gates & Ellis, LLP
222 S.W. Columbia Street, Suite 1400
Portland, Oregon 97201-6632
EXHIBIT 1
SCHEDULE 13D
AGREEMENT TO FILE A JOINT STATEMENT ON SCHEDULE 13D
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 common stock, par value $0.0001 per share, of Fog Cutter Capital Group
Inc., a Maryland corporation, and further agrees that this Agreement to File a
Joint Statement on Schedule 13D be included as an exhibit to such joint filings.
In evidence thereof, the undersigned, being duly authorized, have executed this
Agreement to File a Joint Statement on Schedule 13D this 1st day of November
2001.
November 1, 2001 /S/ ANDREW WIEDERHORN
-----------------------------------
Andrew Wiederhorn
November 1, 2001 /S/ TIFFANY WIEDERHORN
-----------------------------------
Tiffany Wiederhorn
November 1, 2001 TTMM, L.P.
By: IVY CAPITAL PARTNERS,
L.P., its general partner
By: WIEDERHORN FAMILY LIMITED
PARTNERSHIP, its
general partner
By: /S/ TIFFANY WIEDERHORN
-----------------------------
Tiffany Wiederhorn,
its General Partner
November 1, 2001 WM STARLIGHT INVESTMENTS, LLC
By: /S/ TIFFANY WIEDERHORN
-----------------------------
Tiffany Wiederhorn,
its Managing Member
November 1, 2001 /S/ LAWRENCE A. MENDELSOHN
-------------------------------------
Lawrence A. Mendelsohn
Attorney-in-Fact
November 1, 2001 *
------------------------------------
Joyce Mendelsohn
November 1, 2001 MFLP, L.P.
By: /S/ LAWRENCE A. MENDELSOHN
-----------------------------
Name: Lawrence A. Mendelsohn
Title: General Partner
November 1, 2001 AIM CAPITAL, LLC
By: *
-----------------------------
Name: Joyce Mendelsohn
Title: Managing Member
November 1, 2001 RPM CAPITAL, LLC
By: *
-----------------------------
Name: Joyce Mendelsohn
Title: Managing Member
November 1, 2001 S&S INVESTORS, LLC
By: *
-----------------------------
Name: Eric Shuhandler
Title: Managing Member
* By: /S/ LAWRENCE A. MENDELSOHN
-----------------------------
Lawrence A. Mendelsohn
Attorney-in-Fact
EXHIBIT 2
WILSHIRE REAL ETATE INVESTMENT INC.
NON-STATUTORY STOCK OPTION AGREEMENT
I. NOTICE OF GRANT
Name: Andrew A. Wiederhorn
Address c/o Wilshire Real Estate Investment, Inc.
1310 SW 17th Street
Portland, OR 97201
Subject to the terms and conditions of the 1998 Stock Option Plan (the
"Plan") of Wilshire Real Estate Investment, Inc. (the "Company") and this
Agreement, the Company has granted you (the "Options") an option to purchase
shares of the Company's Common Stock as follows:
Grant Date September 30, 1999
Total Number of Shares 630,000
Subject to this Option
Exercise Price per Share $4.53
Total Exercise Price $2,853,900.00
Type of Option Non-Statutory (NSO)
Expiration Date (if not September 30, 2009
terminated earlier)
II. AGREEMENT
1. GRANT OF OPTION. The Company has granted Optionee a stock option (the
"Option") to purchase all or any portion of the number of shares of the
Company's Common Stock set forth in the Notice of Grant on the first page of
this Agreement (the "Option Shares"). The Option is subject to the terms and
conditions set forth in this Agreement and in the Plan. The terms and conditions
of the Plan are incorporated into this Agreement by reference. Optionee is
receiving a copy of the Plan with this Agreement.
2. EXERCISABILITY. This Option is not exercisable to any extent when
granted. One-fourth (1/4) of the option shall vest and become exercisable on
each anniversary of the Grant date.
3. MANNER OF EXERCISE. In order to exercise the Option or any portion of
the Option, Optionee must deliver a written notice of exercise to the Company
accompanied by payment of the exercise price in cash or by check or by delivery
of Company Common Stock
Page 1
owned by the Optionee for a period of at least six (6) months. No other means of
exercise are permitted.
4. EARLY TERMINATION OF OPTION. The presumptive expiration date of the
Option is set forth in the Notice of Grant. However, this Section 4 explains
circumstances under which the Option could expire earlier than that expiration
date. If, for any reason other than the death or permanent and total disability
or removal for cause, Optionee ceases to be a director of the Company, the
Option shall terminate one year thereafter or on the expiration date of the
option, whichever is earlier. If, due to death or permanent or total disability
(within the meaning of Section 22(e)(3) of the Internal Revenue Code, Optionee
ceases to be a director of the Company, the Optionee shall terminate two years
after the date of such death or disability or on the expiration date of the
Option, whichever is earlier. If the Optionee ceases to be a director of the
Company for Cause (as defined in the Plan), the Option shall terminate
immediately and become null and void. Nothing in this Section 4 shall have the
effect of accelerating the exercisability of the Option.
5. ADJUSTMENTS. The Company shall adjust the number and kind of shares
subject to the Option and exercise price of the Option under the circumstances
specified in, and in accordance with, the Plan.
6. NONASSIGNABILITY OF OPTION. The Option is not assignable or transferable
by the Optionee except to the limited extent permitted by Section 10.1 of the
Plan.
7. RESTRICTIONS ON ISSUANCE OF OPTION SHARES.
7.1 LEGALITY OF ISSUANCE. The Company shall not be obligated to sell any
shares under the Option if, in the opinion of the Company or its counsel, the
sale might constitute a violation by the Company of any law (including, without
limitation, the Securities Act of 1933, as amended (the "Act") or any
requirement of any applicable securities exchange or securities association.
7.2 REGISTRATION OR QUALIFICATION OF SECURITIES. The Company may, but shall
not be required to, register or qualify the grant of the Option or the sale of
the Option Shares under the Act, any other law or any requirement of any
applicable securities exchange or securities association.
7.3 RESTRICTIONS ON TRANSFER. The Company may impose restrictions upon the
sale, pledge or other transfer of Option Shares if, in the judgment of the
Company or its counsel, such restrictions are necessary or desirable to comply
with the provisions of the Act or any other law or any requirement of any
applicable securities exchange or securities association. Stock certificates
evidencing Option Shares will bear any restrictive legends by which the Company
or its counsel deems necessary or advisable in order to comply with any such
laws or requirement.
7.4 REPRESENTATIONS AND WARRANTIES. If the Company or its counsel consider
it necessary or advisable, the issuance of Option Shares may be conditioned upon
Optionee's making certain representations and warranties to the Company.
Page 2
8. MISCELLANEOUS.
8.1 ASSIGNMENT AND BINDING EFFECT. Subject to Section 6 of this Agreement,
this Agreement shall be binding upon and inure to the benefit of the executors,
administrators, heirs, legal representatives and successors of Optionee.
8.2 GOVERNING LAW. This Agreement shall be governed by and construed in
accordance with the laws of the State of Maryland (regardless of the law that
might otherwise govern under the applicable principles of conflict of laws).
8.3 NOTICES. All notices and other communications under this Agreement
shall be in writing. Unless and until Optionee is notified in writing to the
contrary, all notices, communications and documents directed to the Company and
related to this Agreement or the Option shall be delivered or mailed, first
class postage prepaid, to the following address:
Wilshire Real Estate Investment, Inc.
1310 S.W. 17th Street
Portland, OR 97201
Attention: Chris Tassos
Unless and until the Company is notified in writing to the contrary, all
notices, communications and documents intended for Optionee and related to this
Agreement or the Option shall be delivered or mailed, first class postage
prepaid, to Optionee's last known address as shown on the Company's books. All
mailings and deliveries related to this Agreement or the Option shall be deemed
delivered upon delivery (if personally delivered) or three days after deposit in
the U.S. mails (if mailed first class postage prepaid), in each such case
directed or addressed in accordance with Section 8.3.
8.4 TAX MATTERS. This Option is intended to be a nonstatutory stock option
for income tax purposes. Among other consequences, that means that Optionee can
expect to recognize income for income tax purposes when Optionee EXERCISES the
Option and then be subject to withholding obligations payable in cash.
8.5 COUNTERPARTS. This Agreement may be signed in counterparts, each of
which shall be deemed an original but all of which together shall constitute one
and the same agreement.
Page 3
IN WITNESS WHEREOF, the parties have signed this Agreement as of the date
the Option was granted.
WILSHIRE REAL ESTATE INVESTMENT INC.
By:
--------------------------------
Its:
--------------------------------
OPTIONEE
-------------------------------------
Andrew A. Wiederhorn
Page 4
EXHIBIT 3
WILSHIRE REAL ESTATE INVESTMENT INC.
NON-STATUTORY STOCK OPTION AGREEMENT
I. NOTICE OF GRANT
Name: Lawrence A. Mendelsohn
Address c/o Wilshire Real Estate Investment, Inc.
1310 SW 17th Street
Portland, OR 97201
Subject to the terms and conditions of the 1998 Stock Option Plan (the
"Plan") of Wilshire Real Estate Investment, Inc. (the "Company") and this
Agreement, the Company has granted you (the "Options") an option to purchase
shares of the Company's Common Stock as follows:
Grant Date September 30, 1999
Total Number of Shares 350,000
Subject to this Option
Exercise Price per Share $4.53
Total Exercise Price $1,585,500.00
Type of Option Non-Statutory (NSO)
Expiration Date (if not September 30, 2009
terminated earlier)
II. AGREEMENT
1. GRANT OF OPTION. The Company has granted Optionee a stock option (the
"Option") to purchase all or any portion of the number of shares of the
Company's Common Stock set forth in the Notice of Grant on the first page of
this Agreement (the "Option Shares"). The Option is subject to the terms and
conditions set forth in this Agreement and in the Plan. The terms and conditions
of the Plan are incorporated into this Agreement by reference. Optionee is
receiving a copy of the Plan with this Agreement.
2. EXERCISABILITY. This Option is not exercisable to any extent when
granted. One-fourth (1/4) of the option shall vest and become exercisable on
each anniversary of the Grant date.
3. MANNER OF EXERCISE. In order to exercise the Option or any portion of
the Option, Optionee must deliver a written notice of exercise to the Company
accompanied by payment of the exercise price in cash or by check or by delivery
of Company Common Stock
Page 1
owned by the Optionee for a period of at least six (6) months. No other means of
exercise are permitted.
4. EARLY TERMINATION OF OPTION. The presumptive expiration date of the
Option is set forth in the Notice of Grant. However, this Section 4 explains
circumstances under which the Option could expire earlier than that expiration
date. If, for any reason other than the death or permanent and total disability
or removal for cause, Optionee ceases to be a director of the Company, the
Option shall terminate one year thereafter or on the expiration date of the
option, whichever is earlier. If, due to death or permanent or total disability
(within the meaning of Section 22(e)(3) of the Internal Revenue Code, Optionee
ceases to be a director of the Company, the Option shall terminate two years
after the date of such death or disability or on the expiration date of the
Option, whichever is earlier. If the Optionee ceases to be a director of the
Company for Cause (as defined in the Plan), the Option shall terminate
immediately and become null and void. Nothing in this Section 4 shall have the
effect of accelerating the exercisability of the Option.
5. ADJUSTMENTS. The Company shall adjust the number and kind of shares
subject to the Option and exercise price of the Option under the circumstances
specified in, and in accordance with, the Plan.
6. NONASSIGNABILITY OF OPTION. The Option is not assignable or transferable
by the Optionee except to the limited extent permitted by Section 10.1 of the
Plan.
7. RESTRICTIONS ON ISSUANCE OF OPTION SHARES.
7.1 LEGALITY OF ISSUANCE. The Company shall not be obligated to sell any
shares under the Option if, in the opinion of the Company or its counsel, the
sale might constitute a violation by the Company of any law (including, without
limitation, the Securities Act of 1933, as amended (the "Act") or any
requirement of any applicable securities exchange or securities association.
7.2 REGISTRATION OR QUALIFICATION OF SECURITIES. The Company may, but shall
not be required to, register or qualify the grant of the Option or the sale of
the Option Shares under the Act, any other law or any requirement of any
applicable securities exchange or securities association.
7.3 RESTRICTIONS ON TRANSFER. The Company may impose restrictions upon the
sale, pledge or other transfer of Option Shares if, in the judgment of the
Company or its counsel, such restrictions are necessary or desirable to comply
with the provisions of the Act or any other law or any requirement of any
applicable securities exchange or securities association. Stock certificates
evidencing Option Shares will bear any restrictive legends by which the Company
or its counsel deems necessary or advisable in order to comply with any such law
or requirement.
7.4 REPRESENTATIONS AND WARRANTIES. If the Company or its counsel consider
it necessary or advisable, the issuance of Option Shares may be conditioned upon
Optionee's making certain representations and warranties to the Company.
Page 2
8. MISCELLANEOUS.
8.1 ASSIGNMENT AND BINDING EFFECT. Subject to Section 6 of this Agreement,
this Agreement shall be binding upon and inure to the benefit of the executors,
administrators, heirs, legal representatives and successors of Optionee.
8.2 GOVERNING LAW. This Agreement shall be governed by and construed in
accordance with the laws of the State of Maryland (regardless of the law that
might otherwise govern under the applicable Maryland principles of conflict of
laws).
8.3 NOTICES. All notices and other communications under this Agreement
shall be in writing. Unless and until Optionee is notified in writing to the
contrary, all notices, communications and documents directed to the Company and
related to this Agreement or the Option shall be delivered or mailed, first
class postage prepaid, to the following address:
Wilshire Real Estate Investment, Inc.
1310 S.W. 17th Street
Portland, OR 97201
Attention: Chris Tassos
Unless and until the Company is notified in writing to the contrary, all
notices, communications and documents intended for Optionee and related to this
Agreement or the Option shall be delivered or mailed, first class postage
prepaid, to Optionee's last known address as shown on the Company's books. All
mailings and deliveries related to this Agreement or the Option shall be deemed
delivered upon delivery (if personally delivered) or three days after deposit in
the U.S. mails (if mailed first class postage prepaid), in each such case
directed or addressed in accordance with Section 8.3.
8.4 TAX MATTERS. This Option is intended to be a nonstatutory stock option
for income tax purposes. Among other consequences, that means that Optionee can
expect to recognize income for income tax purposes when Optionee EXERCISES the
Option and then be subject to withholding obligations payable in cash.
8.5 COUNTERPARTS. This Agreement may be signed in counterparts, each of
which shall be deemed an original but all of which together shall constitute one
and the same agreement.
Page 3
IN WITNESS WHEREOF, the parties have signed this Agreement as of the date
the Option was granted.
WILSHIRE REAL ESTATE INVESTMENT INC.
By:
---------------------------------
Its:
---------------------------------
OPTIONEE
-------------------------------------
Lawrence A. Mendelsohn
Page 4