SC 13D 1 a66025sc13d.txt SCHEDULE 13D 1 SEC 1746 (2-98) POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER. ------------------------- OMB Approval ------------------------- OMB Number: 3235-1045 UNITED STATES ------------------------- SECURITIES AND EXCHANGE COMMISSION Expires: October 31, 2002 WASHINGTON, D.C. 20549 ------------------------- Estimated average burden hours per response ... 14.9 ------------------------- SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. __________)* AMWEST INSURANCE GROUP, INC. -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, $.01 PAR VALUE -------------------------------------------------------------------------------- (Title of Class of Securities) 032345100 -------------------------------------------------------------------------------- (CUSIP Number) MICHAEL B. KLEIN 1475 TERMINAL WAY, SUITE E RENO, NEVADA 89502 (775) 720-2488 -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) SEPTEMBER 22, 2000 -------------------------------------------------------------------------------- (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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box: [X]. NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7 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 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). 2 --------------------------------------- CUSIP NO. 032345100 --------------------------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) MICHAEL B. KLEIN, PACIFICOR, INC. -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] NOT APPLICABLE -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 251,400 BENEFICIALLY ----------------------------------------------------------- OWNED BY EACH 8 SHARED VOTING POWER REPORTING PERSON WITH -0- ----------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 251,400 ----------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 251,400 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.8%(1) -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN, CO -------------------------------------------------------------------------------- (1) BASED ON 4,322,555 SHARES OF AMWEST INSURANCE GROUP, INC. COMMON STOCK OUTSTANDING AS OF AUGUST 10, 2000, AS REPORTED IN AMWEST INSURANCE GROUP, INC.'S FORM 10-Q FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON AUGUST 14, 2000. 3 ITEM 1. SECURITY AND ISSUER. This statement relates to the beneficial ownership of 251,400 shares of common stock, par value $.01 per share ("Amwest Common Stock"), of Amwest Insurance Group, Inc., a Delaware corporation ("Amwest"). The principal executive offices of Amwest are located at 5230 Las Virgenes Road, Calabasas, California 91302. ITEM 2. IDENTITY AND BACKGROUND. This statement is being filed on behalf of Pacificor, Inc., a Delaware corporation, and Michael B. Klein, an individual. (a) Name: Pacificor, Inc. and Michael B. Klein. (b) Business address: 1475 Terminal Way, Suite E, Reno, NV 89502. (c) Mr. Klein's address is 1475 Terminal Way, Suite E, Reno, NV 89502. The principal business of Pacificor, Inc. is to invest in and manage other businesses. The principal business address of Pacificor, Inc. is 1475 Terminal Way, Suite E, Reno, Nevada 89502. (d) During the past five years, Mr. Klein has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) During the past five years, Mr. Klein has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) Mr. Klein is a United States citizen. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Bonds.com, Inc., a newly-formed corporation owned and controlled by Mr. Klein, was seeking to obtain equity financing from a nationally-recognized venture capital firm in an amount expected to exceed $20 million if the proposal discussed below in Item 4 was accepted. ITEM 4. PURPOSE OF TRANSACTION. On September 22, 2000, Bonds.com, Inc. presented a confidential written proposal to Amwest Insurance Group, Inc. offering its public shareholders a $6.00 cash price per share, subject to certain conditions. Neither Amwest Insurance Group, Inc. nor Bond.com, Inc. is pursuing this proposal at this time. No agreements or understandings were ever reached between Pacificor, Inc. and Bonds.com, Inc. Neither Mr. Klein nor Pacificor has any current further intention to either acquire additional securities of Amwest Insurance Group or to change or influence the control of Amwest Insurance Group. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) Pacificor beneficially owns 251,400 shares of Amwest Common Stock, representing approximately 5.8% of the outstanding shares of Amwest Common 4 Stock, based on 4,322,555 shares of Amwest Common Stock outstanding as of August 10, 2000 as reported in Amwest's 10-Q filed with the Securities and Exchange Commission on August 14, 2000. (b) The shares of Amwest Common Stock are held by Pacificor, Inc.. Mr. Klein is the principal stockholder of Pacificor, Inc. and Chief Executive Officer of Pacificor, Inc. and in such capacity may be deemed to have the power to direct the voting and disposition of, and to share beneficial ownership of, any shares of Amwest Common Stock beneficially owned by Pacificor, Inc. Mr. Klein disclaims beneficial ownership of the shares of Amwest Common Stock held by Pacificor. (c) From August 23, 2000 to September 11, 2000, Pacificor, Inc. sold 28,700 shares of Amwest Common Stock in public sales on the American Stock Exchange at prices ranging from $4.6875 to $4.8125 per share for an aggregate amount of $136,206.25. (d) Not applicable. (e) Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Bonds.com, Inc. and Pacificor, Inc. are both owned and controlled by Michael Klein. There are no other contracts, arrangements or understandings between Bonds.com, Inc. and Pacificor, Inc. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Exhibit 1 Letter dated September 22, 2000 from Bonds.com, Inc. to Amwest Insurance Group, Inc. proposing to acquire the publicly-held shares of Amwest Insurance Group, Inc.. 5 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, the undersigned each certifies that the information set forth in this statement is true, complete and correct. Dated: October 2, 2000 By: /s/ Michael B. Klein ------------------------------------ Michael B. Klein Pacificor, Inc. Dated: October 2, 2000 By: /s/ Michael B. Klein ------------------------------------ Michael B. Klein Chief Executive Officer