-----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, AcSKX7GBh0acA7LQWYnj45M40MhdO7SOmosidimkIiui9KqJ3IxKDD/mlWnFzyGg RIh3Iu3NaE89O/DjAannog== 0000950142-98-000019.txt : 19980112 0000950142-98-000019.hdr.sgml : 19980112 ACCESSION NUMBER: 0000950142-98-000019 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980109 SROS: AMEX SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EMPIRE OF CAROLINA INC CENTRAL INDEX KEY: 0000312840 STANDARD INDUSTRIAL CLASSIFICATION: GAMES, TOYS & CHILDREN'S VEHICLES (NO DOLLS & BICYCLES) [3944] IRS NUMBER: 132999480 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-32501 FILM NUMBER: 98503659 BUSINESS ADDRESS: STREET 1: 5150 LINTON BLVD STREET 2: 5TH FL CITY: DELRAY BEACH STATE: FL ZIP: 33484 BUSINESS PHONE: 9198234111 MAIL ADDRESS: STREET 1: P O BOX 4000 CITY: TARBORO STATE: NC ZIP: 27886 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HOLMES CHARLES S CENTRAL INDEX KEY: 0000901020 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 3555 CURTIS BLVD CITY: CLEVELAND STATE: OH ZIP: 44059 BUSINESS PHONE: 2169462525 SC 13D/A 1 AMENDMENT NO. 2 TO SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No.2) EMPIRE OF CAROLINA, INC. (Name of Issuer) Common Stock, par value $0.10 per share (Title of Class of Securities) 292007101 (CUSIP Number) EDWIN C. LAURENSON, ESQ. Paul, Weiss, Rifkind, Wharton & Garrison 1285 Avenue of the Americas New York, New York 10019-6064 (212) 373-3000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 22, 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 [ ]. 2 CUSIP No. 292007101 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Charles S. Holmes 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS NA 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) 6 CITIZENSHIP OR PLACE OR ORGANIZATION United States citizen 7 SOLE VOTING POWER NUMBER OF 3,753,752 SHARES 8 SHARED VOTING POWER BENEFICIALLY -0- OWNED BY 9 SOLE DISPOSITIVE POWER EACH 3,753,752 REPORTING 10 SHARED DISPOSITIVE POWER PERSON -0- WITH 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,753,752 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 32.91% 14 TYPE OF REPORTING PERSON IN 3 SCHEDULE 13D This Amendment No.2 (the "Amendment") amends the statement on Schedule 13D filed on July 2, 1997 by Charles S. Holmes (the "Original Schedule 13D"), as amended by the Amendment No.1 filed on October 30, 1997 (the Original Schedule 13D as so amended is referred to herein as the "Schedule 13D"). The purpose of the Amendment is to correct an immaterial error in the information provided in the Original Schedule 13D with respect to the number of Warrants held by Mr. Charles Holmes and to report additional purchases of Warrants by Mr. Charles Holmes. The number of Warrants held by Mr. Charles Holmes was reported as being 2,078,252 in the Original Schedule 13D when in fact Mr. Charles Holmes held 2,078,752 Warrants. Capitalized terms used herein and not otherwise defined have the meaning assigned to them in the Schedule 13D. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Item 3 is amended by adding thereto the following paragraph: - ------------------------------------------------------------ On December 22, 1997, Mr. Charles Holmes purchased 50,000 additional Warrants in a private transaction for an aggregate cash consideration of $50,000 paid by Mr. Charles Holmes from his personal funds. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. Item 5 is amended and restated in its entirety as follows: - ---------------------------------------------------------- (a) Mr. Holmes has the right to acquire 1,000,000 shares of Common Stock at any time upon conversion of all or any portion of the 125,000 shares of Series A Preferred Stock held by him. In addition, Mr. Holmes has the right, as owner of Warrants, to acquire all or any portion of 2,753,752 shares of Common Stock at a price of $1.375 per share at any time prior to the expiration of the Warrants on May 6, 2003. Accordingly, based upon calculations made in accordance with Rule 13d-3(d) and information provided by the Company that 7,653,564 shares of Common Stock are currently outstanding, Mr. Holmes has sole voting and/or dispositive power over the equivalent of 3,753,752 shares of Common Stock (or 32.91% of the Common Stock). There are currently 2,100,000 shares of Series A Preferred Stock outstanding, with respect to which Mr. Holmes has sole voting and dispositive power over 125,000 shares (or 5.95% of the class). The currently outstanding shares of Series A Preferred Stock may be converted into 16,800,000 shares of Common Stock, with the result that Mr. Holmes has voting power, when the currently outstanding Series A Preferred Stock is combined with the currently outstanding Common Stock, over 4.09% of the combined classes. 4 (b) Mr. Holmes has sole power to vote and dispose of the Series A Preferred Stock and Warrants held by him. (c) See Items 3 and 4 above. Paragraphs (d) and (e) of Item 5 of Schedule 13D are not applicable to this filing. 5 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in the statement is true, complete and correct. Date: January 9, 1998 /s/ Charles S. Holmes ------------------------- Charles S. 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