-----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, S5alRPuACKo3TDTrw+ph0nkbH0WkWivYgDkr920Yt7x186ftT72hlut7wLab5GQV 38gZO1rBbLCONVCWjf5Q8Q== 0000912057-97-000473.txt : 19970109 0000912057-97-000473.hdr.sgml : 19970109 ACCESSION NUMBER: 0000912057-97-000473 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970108 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ERLY INDUSTRIES INC CENTRAL INDEX KEY: 0000030966 STANDARD INDUSTRIAL CLASSIFICATION: GRAIN MILL PRODUCTS [2040] IRS NUMBER: 952312900 STATE OF INCORPORATION: CA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-03507 FILM NUMBER: 97502849 BUSINESS ADDRESS: STREET 1: 10990 WILSHIRE BLVD STREET 2: STE 1800 CITY: LOS ANGELES STATE: CA ZIP: 90024 BUSINESS PHONE: 2138791480 MAIL ADDRESS: STREET 1: 10990 WILSHIRE BOULEVARD STREET 2: SUITE 1800 CITY: LOS ANGELES STATE: CA ZIP: 90024 FORMER COMPANY: FORMER CONFORMED NAME: EARLY CALIFORNIA INDUSTRIES INC DATE OF NAME CHANGE: 19851202 FORMER COMPANY: FORMER CONFORMED NAME: EARLY CALIFORNIA FOODS INC DATE OF NAME CHANGE: 19700114 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KINGWOOD LAKES SOUTH LP CENTRAL INDEX KEY: 0000942906 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 760454925 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 11400 WEST OLYMPIC BLVD STREET 2: STE 1040 CITY: LOS ANGELES STATE: CA ZIP: 90064 BUSINESS PHONE: 3108206000 MAIL ADDRESS: STREET 1: 11400 WEST OLYMPIC BLVD STREET 2: STE 1040 CITY: LOS ANGELES STATE: CA ZIP: 90064 SC 13D/A 1 SCH 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 3 )* --------- ERLY INDUSTRIES, INC. - ------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK - ------------------------------------------------------------------------------- (Title of Class of Securities) 26883910 ----------------------------------------------------------- (CUSIP Number) Michael L. Tenzer 11400 West Olympic Boulevard, Suite 1040 Los Angeles, California 90064 Tel: (310) 820-6000 - ------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 7, 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 / /. Check the following box if a fee is being paid with this 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 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). SCHEDULE 13D CUSIP No. 26883910 Page 2 of 7 Pages --------- --- --- - ------------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS. S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS KINGWOOD LAKES SOUTH, L.P. - ------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER (a) / / OF A GROUP* (b) /X/ - ------------------------------------------------------------------------------- (3) SEC USE ONLY - ------------------------------------------------------------------------------- (4) SOURCE OF FUNDS* N/A - ------------------------------------------------------------------------------- (5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ------------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION - ------------------------------------------------------------------------------- NUMBER OF SHARES (7) SOLE VOTING POWER BENEFICIALLY OWNED 276,666 SHARES BY EACH REPORTING -------------------------------------------------- PERSON WITH (8) SHARED VOTING POWER -------------------------------------------------- (9) SOLE DISPOSITIVE POWER 276,666 SHARES -------------------------------------------------- (10) SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 276,666 SHARES - ------------------------------------------------------------------------------- (12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.8% - ------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPOSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D CUSIP No. 26883910 Page 3 of 7 Pages --------- --- --- - ------------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS. S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS TENZER COMPANY, INC. - ------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER (a) / / OF A GROUP* (b) /X/ - ------------------------------------------------------------------------------- (3) SEC USE ONLY - ------------------------------------------------------------------------------- (4) SOURCE OF FUNDS* N/A - ------------------------------------------------------------------------------- (5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ------------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware corporation - ------------------------------------------------------------------------------- NUMBER OF SHARES (7) SOLE VOTING POWER BENEFICIALLY OWNED BY EACH REPORTING -------------------------------------------------- PERSON WITH (8) SHARED VOTING POWER 276,666 SHARES -------------------------------------------------- (9) SOLE DISPOSITIVE POWER -------------------------------------------------- (10) SHARED DISPOSITIVE POWER 276,666 SHARES - ------------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 276,666 SHARES - ------------------------------------------------------------------------------- (12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.8% - ------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON* CO - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPOSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D CUSIP No. 26993910 Page 4 of 7 Pages --------- --- --- - ------------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS. S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS MICHAEL L. TENZER - ------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER (a) / / OF A GROUP* (b) /X/ - ------------------------------------------------------------------------------- (3) SEC USE ONLY - ------------------------------------------------------------------------------- (4) SOURCE OF FUNDS* N/A - ------------------------------------------------------------------------------- (5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ------------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. - ------------------------------------------------------------------------------- NUMBER OF SHARES (7) SOLE VOTING POWER BENEFICIALLY OWNED BY EACH REPORTING -------------------------------------------------- PERSON WITH (8) SHARED VOTING POWER 276,666 SHARES -------------------------------------------------- (9) SOLE DISPOSITIVE POWER -------------------------------------------------- (10) SHARED DISPOSITIVE POWER 276,666 SHARES - ------------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 276,666 SHARES - ------------------------------------------------------------------------------- (12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.8% - ------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPOSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D This Statement relates to the Schedule 13D (the "Schedule 13D") filed by Kingwood Lakes South, L.P., Tenzer Company, Inc. and Michael L. Tenzer with regard to beneficial ownership of common stock, par value $1.00 per share (the "Common Stock") of ERLY Industries, Inc. (the "Company") and constitutes Amendment No. 3 thereto. Terms used herein and not otherwise defined have the meaning set forth in the Schedule 13D. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. Item 5(a) is hereby amended and restated to read in its entirety as follows: As of the date hereof, the Limited Partnership beneficially owns 276,666 shares of the Common Stock, constituting 5.8% of the 4,739,180 shares of Common Stock outstanding as reported by the Company in its Form 10-Q for the quarter ended September 30, 1996. The General Partner, which controls the Limited Partnership, and Mr. Tenzer, who controls the General Partner, also may be deemed to have beneficial ownership of these Shares. Ms. May beneficially owns 57 shares of Common Stock, all of which are held in an individual retirement account in Ms. May's name. Item 5(c) is hereby amended by adding the following: In September 1996, the Company paid a 10% stock dividend on its shares of Common Stock. As a result of the stock dividend, Mr. Murphy received 38,333 shares of the Company's Common Stock with respect to the 383,333 shares of Common Stock that originally had been pledged to the Limited Partnership pursuant to the Security Agreement (as adjusted to include the 50,000 shares received as a stock dividend in September 1995). The Security Agreement grants the Limited Partnership a security interest in such shares and accordingly the share ownership of the Limited Partnership as described in Item 5(a) includes such shares. However, as of the date hereof, Mr. Murphy has not delivered the certificate(s) representing any of the shares received as a stock dividend, nor any stock powers with respect thereto, to the Limited Partnership, although the Limited Partnership has requested delivery of such certificate(s) and stock powers. The Limited Partnership engaged in the following sales of Shares during the past sixty days, all of which took place on the NASDAQ National Market System in brokerage transactions: 5 Number of Date Shares Sold Price* ---- ----------- ------ December 19, 1996 1,000 $7.625 December 19, 1996 2,000 $7.625 January 7, 1997 142,000 $6.875 * Exclusive of brokerage commissions. 6 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. KINGWOOD LAKES SOUTH, L.P., a Texas Limited Partnership By: TENZER COMPANY, INC., a Delaware corporation, as General Partner January 8, 1997 By: /s/ Michael L. Tenzer - --------------------------- ---------------------------- Date Michael L. Tenzer Title: President TENZER COMPANY, INC., a Delaware corporation January 8, 1997 By: /s/ Michael L. Tenzer - --------------------------- ---------------------------- Date Michael L. Tenzer Title: President MICHAEL L. TENZER January 8, 1997 /s/ Michael L. Tenzer - --------------------------- -------------------------------- Date Michael L.Tenzer 7 -----END PRIVACY-ENHANCED MESSAGE-----