-----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, RSSlFBuL8CP6/tWOsC+lAaIoSJCccqxBmpOt6BDT23b6Ba7xydAyWnTW8p30hmnb P+tu5XmloEJtVwIsO/R+qQ== 0001214305-03-000017.txt : 20030926 0001214305-03-000017.hdr.sgml : 20030926 20030926173021 ACCESSION NUMBER: 0001214305-03-000017 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030926 GROUP MEMBERS: JOHN V. WINFIELD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EQUIFIN INC CENTRAL INDEX KEY: 0000806011 STANDARD INDUSTRIAL CLASSIFICATION: FARM MACHINERY & EQUIPMENT [3523] IRS NUMBER: 133256265 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-38511 FILM NUMBER: 03913247 BUSINESS ADDRESS: STREET 1: 1011 HWY 71 CITY: SPRINGLAKE STATE: NJ ZIP: 07762 BUSINESS PHONE: 7322821411 MAIL ADDRESS: STREET 1: 1011 HIGHWAY 71 CITY: SPRING LAKE STATE: NJ ZIP: 07762 FORMER COMPANY: FORMER CONFORMED NAME: INTERSYSTEMS INC /DE/ DATE OF NAME CHANGE: 19930621 FORMER COMPANY: FORMER CONFORMED NAME: BAMBERGER POLYMERS INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: INTERGROUP CORP CENTRAL INDEX KEY: 0000069422 STANDARD INDUSTRIAL CLASSIFICATION: OPERATORS OF APARTMENT BUILDINGS [6513] IRS NUMBER: 133293645 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 820 MORAGA DRIVE STREET 2: - CITY: LOS ANGELES, STATE: CA ZIP: 90049-1632 BUSINESS PHONE: (310) 889-2500 MAIL ADDRESS: STREET 1: 820 MORAGA DRIVE CITY: LOS ANGELES STATE: CA ZIP: 90049-1632 FORMER COMPANY: FORMER CONFORMED NAME: MUTUAL REAL ESTATE INVESTMENT TRUST DATE OF NAME CHANGE: 19860408 SC 13D 1 ig13dequifin.txt INTERGROUP SCHEDULE 13D EQUIFIN SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 EQUIFIN, INC. ------------------------------ Name of Issuer Common Stock, Par Value $0.01 Per Share --------------------------------------- Title of Class of Securities 460920-10-1 ------------ CUSIP Number Michael G. Zybala Asst. Secretary and Counsel The InterGroup Corporation 820 Moraga Drive Los Angeles, California 90049 (310) 889-2500 -------------------------------------------- Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications September 22, 2003 ------------------ 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(e), 13d-1(f) or 13d-1(g), check the following box. [ ] CUSIP No. 460920-10-1 Page 2 - ----------------------------------------------------------------------------- 1. Name of Reporting Person Tax Identification Number The InterGroup Corporation 13-3293645 - ----------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) [ ] (b) [x] - ----------------------------------------------------------------------------- 3. SEC Use Only - ----------------------------------------------------------------------------- 4. Source of Funds WC - ----------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings is Required pursuant to Items 2(d) or 2(e) [ ] - ----------------------------------------------------------------------------- 6. Citizenship or Place of Organization Delaware - ----------------------------------------------------------------------------- Number of 7. Sole Voting Power Shares Beneficially ----------------------------------- Owned by 8. Shared Voting Power Each 2,325,580 Reporting ----------------------------------- Person 9. Sole Dispositive Power With ----------------------------------- 10. Shared Dispositive Power 2,325,580 - ----------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 2,325,580 Shares of Common Stock - ----------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row 11 Excludes Certain Shares [ ] - ----------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row 11 23.4% - ----------------------------------------------------------------------------- 14. Type of Reporting Person CO - ----------------------------------------------------------------------------- CUSIP No. 460920-10-1 Page Three - ----------------------------------------------------------------------------- 1. Name of Reporting Person Tax Identification Number John V. Winfield - ----------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) [ ] (b) [x] - ----------------------------------------------------------------------------- 3. SEC Use Only - ----------------------------------------------------------------------------- 4. Source of Funds PF - ----------------------------------------------------------------------------- 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. - ----------------------------------------------------------------------------- Number of 7. Sole Voting Power Shares 2,589,130 Beneficially ----------------------------------- Owned by 8. Shared Voting Power Each 4,914,710 Reporting ----------------------------------- Person 9. Sole Dispositive Power With 2,589,130 ----------------------------------- 10. Shared Dispositive Power 4,914,710 - ----------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 4,914,710 Shares of Common Stock - ----------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row 11 Excludes Certain Shares [ ] - ----------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row 11 40.1% - ----------------------------------------------------------------------------- 14. Type of Reporting Person IN - ----------------------------------------------------------------------------- SCHEDULE 13D OF THE INTERGROUP CORPORATION AND JOHN V. WINFIELD REGARDING OWNERSHIP OF SECURITIES OF EQUIFIN, INC. This Schedule 13D is being filed by The InterGroup Corporation, a Delaware Corporation ("InterGroup"), and John V. Winfield, the Chairman, President and Chief Executive Officer of InterGroup. This Schedule reflects purchases of 11% Convertible Notes, with Warrants attached (the "Convertible Notes"), by InterGroup and John V. Winfield from EquiFin, Inc., a Delaware corporation ("EquiFin" or the "Company") in a private placement transaction that closed on September 22, 2003. The Notes and Warrants can be converted to common stock, par value $.01 per share (the "Common Stock") of Equifin at a conversion price of $.43 per share. Item 1. Security of Issuer ------------------ This Schedule 13D relates to the Common Stock of EquiFin, Inc. The address of the principal executive offices of EquiFin is 1011 Highway 71, Suite 200, Spring Lake, New Jersey 07762. Item 2. Identity and Background ----------------------- InterGroup is a Delaware corporation with its principal place of business at 820 Moraga Drive, Los Angeles, California 90049. InterGroup is a public company whose securities are registered under Section 12(g) of the Exchange Act. The principal business of InterGroup is to own and operate multi-family residential property and other real estate. Attached hereto as Appendix A is a schedule setting forth the executive officers and directors of InterGroup. None of the named executive officers or directors was subject to any of the proceedings requiring disclosure under sections (d) or (e) of this Item. John V. Winfield's business address is 820 Moraga Drive, Los Angeles, California 90049. Mr. Winfield principal occupation is President, Chief Executive Officer and Chairman of the Board of InterGroup. Mr. Winfield has not been subject to any proceedings requiring disclosure under sections (d) and (e) of this Item. Mr. Winfield is a citizen of the United States. Item 3. Source and Amount of Funds or Other Consideration. -------------------------------------------------- InterGroup used working capital as its source of funds to purchase the Convertible Notes. Mr. Winfield used personal funds to purchase the Convertible Notes and shares of Common Stock reported herein. -4- Item 4. Purposes of Transactions. ------------------------ InterGroup and Mr. Winfield each purchased $500,000 of Convertible Notes in a private placement transaction with EquiFin that closed on September 22, 2003. The acquisition of the Convertible Notes and Common Stock of the Company by InterGroup and Mr. Winfield was for investment purposes. InterGroup, or Mr. Winfield may, from time to time, purchase additional shares of Common Stock in the open market or in private transactions to increase their ownership position of EquiFin. InterGroup, Santa Fe and John V. Winfield have no other plans or intentions that relate to or would result in the events set forth in Item 4 of the instructions to Schedule 13D. Item 5. Interest in the Securities of the Issuer ---------------------------------------- (a) InterGroup, as of September 22, 2003, may be deemed to beneficially own, for purposes of this Section 13(d) of the Exchange Act: (i) 1,162,790 shares of the Common Stock that it can acquire through the conversion of its $500,000 in Convertible Notes at $.43 per share; and (ii) 1,162,792 shares of Common Stock that it can acquire through exercise of Warrants attached to the Convertible notes at $.43 per common share. The total of those shares (2,325,580) represents approximately 23.4% of the outstanding Common Stock of EquiFin assuming the conversion of the Conversion of the Convertible Notes and the exercise of the attached Warrants owned by InterGroup. John V. Winfield, as of September 22, 2003, may be deemed to beneficially own for purposes of this Section 13(d) of the Exchange Act: (i) 263,550 shares of Common Stock; (ii) 1,162,790 shares of the Common Stock that he can acquire through the conversion of his $500,000 in Convertible Notes at $.43 per share; and (iii) 1,162,792 shares of Common Stock that he can acquire through exercise of Warrants attached to the Convertible notes at $.43 per common share. The total of those shares (2,589,130) represents approximately 26.1% of the outstanding Common Stock of EquiFin assuming the conversion of the Convertible Notes and the exercise of the attached Warrants owned by Mr. Winfield. Mr. Winfield has the sole voting and disposition power over the shares of Common Stock owned by him. John V. Winfield owns approximately 58.6% of the shares of the common stock of InterGroup. Mr. Winfield is also the Chairman, President and Chief Executive Officer of InterGroup. In those capacities, Mr. Winfield can be deemed to have shared power with InterGroup to direct the voting and disposition of the Common Shares owned by InterGroup. To the extent that Mr. Winfield is deemed to beneficially own, for purposes of Section 13(d), the Common Stock owned by InterGroup, he would beneficially own 40.1% of the Common Stock assuming the conversion of the Convertible Notes and the exercise of the attached Warrants owned by InterGroup and Mr. Winfield. -5- The above percentages were determined based on EquiFin's representations in its latest filing on Form 10-QSB with the Securities and Exchange Commission that it had 7,597,064 shares of Common Stock issued and outstanding and assuming the conversion of the Convertible Notes and exercise of the attached Warrants as discussed above. (b) As the Chairman, President, Chief Executive Officer and controlling shareholder of InterGroup, John V. Winfield shares the voting power and disposition power with respect to the Common Stock owned by InterGroup. (c) Other than the acquisition of the Convertible Notes and attached Warrants discussed above, there were no other transactions effected by InterGroup or Mr. Winfield in the Common Stock within the past sixty (60) days. (d) No person other than InterGroup, with respect to its shares, or Mr. Winfield, with respect to his shares, has the right to receive or the power to direct the receipt of dividends from, and the proceeds from the sale of, the shares beneficially owned by each. (e) Inapplicable. Item 6. Contracts, Agreements, Understandings or Relationships with Respect to Securities of the Issuer ------------------------------------------------------------------- None. Item 7. Material to be Filed as Exhibits -------------------------------- None. SIGNATURES 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. Dated: September 26, 2003 THE INTERGROUP CORPORATION ------------------ By: /s/ John V. Winfield ------------------------------------ John V. Winfield, Chairman President and Chief Executive Officer Dated: September 26, 2003 /s/ John V. Winfield ------------------ --------------------------- John V. Winfield -6- APPENDIX A THE INTERGROUP CORPORATION Executive Officers and Directors* John V. Winfield - Chairman of the Board, President and Chief Executive Officer, The InterGroup Corporation. Citizenship: United States William J. Nance - Director. Principal Occupation: Certified Public Accountant and Consultant. Citizenship: United States Gary N. Jacobs - Secretary and Director. Principal Occupation: Executive Vice President, Secretary and General Counsel MGM Mirage. Citizenship: United States John C. Love - Director. Principal Occupation: CPA, Independent consultant to the hospitality and tourism industries. Citizenship: United States Joseph A. Grunwald - Vice Chairman of the Board. Principal Occupation: Industrial, commercial and residential real estate developer. Citizenship: Belgium Mildred Bond - Director. Principal Occupation: Private consultant to Roxborough the NAACP. Citizenship: United States David C. Gonzalez - Vice President Real Estate, The InterGroup Corporation. Citizenship: United States David T. Nguyen - Treasurer and Controller, The InterGroup Corporation. Citizenship: United States. Michael G. Zybala - Assistant Secretary and Counsel. Citizenship: United States * Business Address: The business address for all executive officers and directors is c/o The InterGroup Corporation, 820 Moraga Drive, Los Angeles, California 90049 -----END PRIVACY-ENHANCED MESSAGE-----