-----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, SvOFVyoDknV6SD2mTxrkbudyQbjEa5P0BvC3rlHV5YKdGI/YRNu0s7L3PljWSQw8 gPTg2NacQSFpQjNoEBzbIA== 0000950120-98-000400.txt : 19981105 0000950120-98-000400.hdr.sgml : 19981105 ACCESSION NUMBER: 0000950120-98-000400 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19981104 GROUP MEMBERS: GIANT GROUP LTD GROUP MEMBERS: KCC DELAWARE COMPANY SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: RALLYS HAMBURGERS INC CENTRAL INDEX KEY: 0000854873 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 621210077 STATE OF INCORPORATION: DE FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-40496 FILM NUMBER: 98737794 BUSINESS ADDRESS: STREET 1: 600 CLEVELAND ST EIGHT FLOOR CITY: CLEARWATER STATE: FL ZIP: 34615 BUSINESS PHONE: 8134413500 MAIL ADDRESS: STREET 1: 600 CLEVELAND ST EIGHT FLOOR STREET 2: STE 150 CITY: CLEARWATER STATE: FL ZIP: 34615 FORMER COMPANY: FORMER CONFORMED NAME: RALLYS INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GIANT GROUP LTD CENTRAL INDEX KEY: 0000041296 STANDARD INDUSTRIAL CLASSIFICATION: [9995] IRS NUMBER: 230622690 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 9000 SUNSET BLVD. STREET 2: 16TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90069 BUSINESS PHONE: 3102735678 MAIL ADDRESS: STREET 1: 9000 SUNSET BLVD. STREET 2: 16TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90069 FORMER COMPANY: FORMER CONFORMED NAME: GIANT PORTLAND & MASONRY CEMENT CO DATE OF NAME CHANGE: 19850610 FORMER COMPANY: FORMER CONFORMED NAME: GIANT PORTLAND CEMENT CO DATE OF NAME CHANGE: 19770921 SC 13D/A 1 AMENDMENT NO. 36 TO SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 36) RALLY'S HAMBURGERS, INC. ------------------------ (Name of Issuer) COMMON STOCK, PAR VALUE $.10 PER SHARE -------------------------------------- (Title of Class of Securities) 751203-10-0 --------------------- (CUSIP Number) Bruce A. Rich, Esq. Thelen Reid & Priest LLP 40 West 57th Street New York, New York 10019 (212) 603-2000 --------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) NOVEMBER 2, 1998 ------------------------------------------------------- (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 [ ]. 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, as amended (the "Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all provisions of the Act (however, see the Notes). SCHEDULE 13D ---------------------- CUSIP NO. 00760G10 --------- ---------------------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON GIANT GROUP, LTD. I.R.S. # 23-0622690 ------------------------------------------------------------------- 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 7 SOLE VOTING POWER SHARES 1,828,143* ----------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY -0- ----------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 1,828,143* ----------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER -0- ------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,828,143* ------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X] ------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.2% ------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO ------------------------------------------------------------------- *Excludes shares owned by KCC Delaware Company, a wholly- owned subsidiary. SCHEDULE 13D ------------------------ CUSIP NO. 00760G10 -------- ------------------------ ------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON KCC DELAWARE COMPANY I.R.S. # 23-2360456 ------------------------------------------------------------------- 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 7 SOLE VOTING POWER SHARES 1,397,475* ----------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY -0- ----------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 1,397,475* ----------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER -0- ------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,397,475* ------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X] ------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.8% ------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO ------------------------------------------------------------------- *Excludes shares owned by GIANT GROUP, LTD., the parent corporation ITEM 1. SECURITY AND ISSUER. Pursuant to Rule 13d-2 under the Securities Exchange Act of 1934, this Amendment No. 36 amends that certain Schedule 13D, dated October 20, 1989, as amended, filed by GIANT GROUP, LTD., a Delaware corporation ("GIANT"), and KCC Delaware Company, a Delaware corporation and a wholly-owned subsidiary of GIANT ("KCC") (as to Amendments Nos. 24-35), with respect to the common stock, par value $.10 per share ("Rally's Common Stock"), of Rally's Hamburgers, Inc., a Delaware corporation ("Rally's"), collectively referred to herein as the "Schedule." Unless otherwise indicated herein, capitalized terms used herein have the meanings ascribed to them in the Schedule. Except as otherwise expressly indicated below, the information contained in the Schedule, as amended to date, remains in effect. ITEM 4. PURPOSE OF TRANSACTION. On November 2, 1998, GIANT, Rally's, and Checkers Drive-In Restaurants, Inc., a Delaware corporation ("Checkers"), announced the termination of the letter of intent (the "Letter of Intent"), dated as of September 25, 1998, which had provided for an exclusive negotiation period during which the three companies would seek to enter into an agreement for a merger to combine the three companies. GIANT had filed Amendment No. 35 for an event of September 25, 1998 announcing its entry into the Letter of Intent and included as Exhibit 43 thereto a copy of the Letter of Intent. GIANT has been actively pursuing opportunities to purchase operating companies and to redeploy GIANT's assets and will continue to pursue opportunities following the termination of the Letter of Intent. Should either Rally's or Checkers propose some form of combination transaction, in light of GIANT's long relationship with Rally's and Checkers, GIANT would consider such transaction but no assurance can be given that such a transaction will be proposed or occur. GIANT will continue to evaluate its interest in Rally's with respect to maintaining its present position, increasing its position or disposing of some or all of its present equity interests in Rally's. GIANT's decision with respect to its equity interest in Rally's will depend upon several factors, including the prospects of Rally's, other acquisition proposals under review, other activities then engaged in by GIANT, general market and economic conditions, and other factors then deemed relevant. Except as set forth herein, neither GIANT nor KCC has any current plans or proposals of the type set forth in paragraphs (a) through (j) of Item 4 to Schedule 13D. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. 45 Press Release, dated November 2, 1998, issued by GIANT, Rally's and Checkers. -4- 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. GIANT GROUP, LTD. By: /s/ William H. Pennington -------------------------------------- Name: William H. Pennington Title: Vice President Dated: November 4, 1998 -5- Exhibit Index ------------- Exhibit Description ------- ----------- 45 Press Release, dated November 2, 1998, issued by GIANT, Rally's and Checkers. -6- EX-99 2 EXHIBIT 45 GIANT GROUP, LTD. RALLY'S HAMBURGERS, INC. AND CHECKERS DRIVE-IN RESTAURANTS, INC. TERMINATE PROPOSED MERGER FOR IMMEDIATE RELEASE NOVEMBER 2, 1998 GIANT GROUP, LTD. (NYSE:GPO), RALLY'S HAMBURGERS, INC. (NASDAQ:RLLY), AND CHECKERS DRIVE-IN RESTAURANTS, INC. (NASDAQ:CHKR) announced today the termination of their proposed merger. The merger was terminated when the definitive merger agreement could not be finalized within the allowed time period. GIANT owns approximately 11% of Rally's stock and Rally's owns approximately 26% of Checkers' stock. Jay Gillespie, CEO of Checkers and Rally's stated that "we will continue to move forward on our strategic initiatives, which are designed to increase sales and improve margins". A spokesman for GIANT said that despite the termination of the transaction, GIANT remains enthusiastic about the progress made by the management of Rally's and Checkers. Additional Information: Jay Gillespie, CEO of Rally's and Checkers at (727) 519-2000 Burt Sugarman, CEO of GIANT at (310) 273-5678 -----END PRIVACY-ENHANCED MESSAGE-----