-----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, Ssg3FEqZy4xm/GslThsr9ec1xpxV+dDYC8lX8jJiftB8feiGs0JHtUtDIMavb8/2 we5ncDYDsvdO2nVyuSzwCg== 0000932799-97-000155.txt : 19971203 0000932799-97-000155.hdr.sgml : 19971203 ACCESSION NUMBER: 0000932799-97-000155 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19971201 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CENTRIS GROUP INC CENTRAL INDEX KEY: 0000798085 STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351] IRS NUMBER: 330097221 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-37241 FILM NUMBER: 97730837 BUSINESS ADDRESS: STREET 1: 650 TOWN CENTER DR STE 1600 CITY: COSTA MESA STATE: CA ZIP: 92626 BUSINESS PHONE: 7145491600 MAIL ADDRESS: STREET 1: 650 TOWN CENTER DRIVE STREET 2: STE 1600 CITY: COSTA MESA STATE: CA ZIP: 92626-1925 FORMER COMPANY: FORMER CONFORMED NAME: US FACILITIES CORP DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DORCHESTER PARTNERS L P CENTRAL INDEX KEY: 0000946097 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 954341963 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1999 AVE OF THE STARS STREET 2: SUITE 1950 CITY: LOS ANGELES STATE: CA ZIP: 90067 BUSINESS PHONE: 3102017795 MAIL ADDRESS: STREET 1: 1999 AVE OF THE STARS STREET 2: SUITE 1950 CITY: LOS ANGELES STATE: CA ZIP: 90067 SC 13D/A 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Amendment No. 2) Under the Securities Exchange Act of 1934 THE CENTRIS GROUP, INC. (Name of Issuer) Common Stock, Par Value, $0.01 Per Share (Title of Class of Securities) 91182200 (CUSIP Number) Michael J. Halpern 1999 Avenue of the Stars, Suite 1950 Los Angeles, California 90067 (310) 201-7795 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) November 25, 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 13-d-1(b)(3) or (4), check the following box [ ]. Page 1 of 7 Pages SCHEDULE 13D - ------------------- ----------------- CUSIP No. 91182200 Page 2 of 7 Pages - ------------------- ------------------ ============================================================================== 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Dorchester Partners, L.P. - ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ----------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - ----------------------------------------------------------------------------- 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 - ----------------------------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 - ----------------------------------------------------------------------------- 8 SHARED VOTING POWER 418,400 - ----------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 - ----------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 418,400 - ----------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 418,400 - ----------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.9% - ----------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN ============================================================================== SCHEDULE 13D - ------------------- ----------------- CUSIP No. 91182200 Page 3 of 7 Pages - ------------------- ----------------- ============================================================================== 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Dorchester Advisors, Inc. - ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ----------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF - ----------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) [ ] - ----------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION California - ------------------------------------------------------------------------------ NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ------------------------------------------------------------------------------ 7 SOLE VOTING POWER 0 - ----------------------------------------------------------------------------- 8 SHARED VOTING POWER 418,400 - ----------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 - ----------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 418,400 - ----------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 418,400 - ----------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.9% - ----------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO ============================================================================== SCHEDULE 13D - ------------------- ----------------- CUSIP No. 91182200 Page 4 of 7 Pages - ------------------- ----------------- ============================================================================== 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Michael J. Halpern - ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ------------------------------------------------------------------------------ 3 SEC USE ONLY - ----------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF - ----------------------------------------------------------------------------- 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 - ----------------------------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------------------------- 7 SOLE VOTING POWER 41,700 - ----------------------------------------------------------------------------- 8 SHARED VOTING POWER 418,400 - ----------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 41,700 - ----------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 418,400 - ----------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 460,100 - ----------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.6% - ----------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN ============================================================================== Page 5 of 7 Pages SCHEDULE 13D This Amendment No. 2 to Schedule 13D is filed by (i) Dorchester Partners, L.P., a Delaware limited partnership ("Partners"), (ii) Dorchester Advisors, Inc., a California corporation ("Advisors"), and (iii) Michael J. Halpern, an individual ("Halpern"), (collectively, the "Reporting Persons") and amends the Schedule 13D filed on November 21, 1996, as amended by Amendment No. 1 on January 3, 1997, as follows: Item 3. Source and Amount of Funds of Other Consideration The aggregate purchase price (including commissions, if any) for the shares of Common Stock reported on this Amendment No. 2 to Schedule 13D as held by the Reporting Persons was $7,509,464. The shares of Common Stock reported herein as beneficially owned by the Reporting Persons were purchase with working investment capital. Item 4. Purpose of Transaction The Shares reported herein were acquired for investment purposes. Depending upon the Reporting Persons' continuing evaluation of the Issuer's business and prospects, alternative investment opportunities and any other factors Reporting Persons deem relevant, the Reporting Persons may, from time to time, purchase additional Shares on the open market or in privately negotiated transactions or otherwise. The Reporting Persons have no present intention of selling any Shares, but reserve the right to do so, in whole or in part, at any time, in open market transactions, privately negotiated transactions or otherwise. Except as described in the succeeding paragraph, the Reporting Persons have no plans or proposals which relate to, or could result in, any of the matters referred to in paragraphs (b) through (j), inclusive, of Item 4 of Schedule 13D. However, as a part of their ongoing review of investment alternatives, the Reporting Persons have not excluded the possibility of considering such matters in the future, and, from time to time, the Reporting Persons may seek to hold discussions with other stockholders of the Issuer and other third parties, including competitors or potential competitors of the Issuer, regarding possible transactions described in paragraphs (b) through (j) of Item 4 of Schedule 13D. The Reporting Persons may also seek to have discussions with management of the Issuer and may make suggestions and/or recommendations to management of the Issuer with respect to the business of the Issuer. The Reporting Persons may, at any time and from time to time, review or reconsider their position with respect to the Issuer, and formulate plans or proposals with respect to any of such matters. On November 25, 1997, Partners submitted a proposal to the Issuer for inclusion in the Issuer's proxy statement relating to its upcoming 1998 annual meeting of stockholders. Such proposal recommends that the Board of Directors of the Issuer take the steps necessary to promptly consider the Issuer's strategic options to maximize shareholders value, including a sale of the Issuer, and to report promptly the results thereof to the shareholders. Page 6 of 7 Pages Partners also submitted to the Issuer a statement in support of its proposal for inclusion in the Issuer's proxy statement relating to its 1998 annual meeting of stockholders. Item 5. Interest in Securities of the Issuer (a) As of the close of business on November 25, 1997, the Reporting Persons, by virtue of the language of Rule 13d-3(d)(1)(i), may be deemed to own beneficially in the aggregate the number and percentage of the Issuer's Common Stock set forth opposite their names below (based upon the number of Shares that were reported to be outstanding in the Issuer's Form 10-Q as of September 30, 1997).
============================================================================== Name Shares of Common Stock Percentage - ----------------------------------------------------------------------------- Partners 418,400 6.9% - ----------------------------------------------------------------------------- Advisors(1) 418,400 6.9% - ----------------------------------------------------------------------------- Halpern(2) 460,100 7.6% - -----------------------------------------------------------------------------
(1) By virtue of its position as the general partner of Partners, Advisors may be deemed to beneficially own the shares of Common Stock held by Partners. (2) The Managed Account is the direct, beneficial owner of 41,700 shares of Common Stock, which constitutes .7% of the outstanding shares of Common Stock. Halpern does not directly own any Common Stock, but, by virtue of his control over the investment and voting decisions of Advisors (and therefore, Partners) and the Managed Account, Halpern may be deemed to own beneficially the Shares held by Partners and the Managed Account. (c) No transactions have been effected by the Reporting Persons during the past sixty days. Page 7 of 7 Pages After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Dated: December 1, 1997 DORCHESTER ADVISORS, INC. By: /s/ Michael J. Halpern ---------------------------------- Michael J. Halpern President DORCHESTER PARTNERS, L.P. By: DORCHESTER ADVISORS, INC. as General Partner By: /s/ Michael J. Halpern ----------------------------------- Michael J. Halpern President /s/ Michael J. Halpern - ------------------------------- Michael J. Halpern 108353 -----END PRIVACY-ENHANCED MESSAGE-----