-----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, AfI45dUHr/ckj6YWwgwL88bm1Uzxm12yR03hbt+SsK8REhk6ljC8vVKqE9DBn9QB CmzgF/I5i/jW4VgkIHfrjQ== 0001144204-10-031127.txt : 20100601 0001144204-10-031127.hdr.sgml : 20100531 20100601122647 ACCESSION NUMBER: 0001144204-10-031127 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100226 FILED AS OF DATE: 20100601 DATE AS OF CHANGE: 20100601 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: PRIDDY ROBERT L CENTRAL INDEX KEY: 0000923232 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 033-55254-38 FILM NUMBER: 10868746 MAIL ADDRESS: STREET 1: 9955 AIRTRAN BLVD. STREET 2: * CITY: ORLANDO STATE: FL ZIP: 32827 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: FALK MICHAEL CENTRAL INDEX KEY: 0001014026 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 033-55254-38 FILM NUMBER: 10868742 MAIL ADDRESS: STREET 1: 830 THIRD AVENUE STREET 2: 4TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL ENVIRONMENTAL MANAGEMENT, INC CENTRAL INDEX KEY: 0000894556 STANDARD INDUSTRIAL CLASSIFICATION: HAZARDOUS WASTE MANAGEMENT [4955] IRS NUMBER: 870485313 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 3191 TEMPLE AVE STREET 2: SUITE 250 CITY: POMONA STATE: CA ZIP: 91768 BUSINESS PHONE: 9094449500 MAIL ADDRESS: STREET 1: 3191 TEMPLE AVE STREET 2: SUITE 250 CITY: POMONA STATE: CA ZIP: 91768 FORMER COMPANY: FORMER CONFORMED NAME: ULTRONICS CORP DATE OF NAME CHANGE: 19940419 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: ComVest Capital, LLC CENTRAL INDEX KEY: 0001362707 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 033-55254-38 FILM NUMBER: 10868744 BUSINESS ADDRESS: STREET 1: ONE NORTH CLEMATIS STREET STREET 2: SUITE 300 CITY: WEST PALM BEACH STATE: FL ZIP: 33401 BUSINESS PHONE: 561-868-6060 MAIL ADDRESS: STREET 1: ONE NORTH CLEMATIS STREET STREET 2: SUITE 300 CITY: WEST PALM BEACH STATE: FL ZIP: 33401 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: COMVEST CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001397084 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 033-55254-38 FILM NUMBER: 10868743 BUSINESS ADDRESS: STREET 1: ONE NORTH CLEMATIS STREET STREET 2: SUITE 300 CITY: WEST PALM BEACH STATE: FL ZIP: 33401 BUSINESS PHONE: 561-868-6060 MAIL ADDRESS: STREET 1: ONE NORTH CLEMATIS STREET STREET 2: SUITE 300 CITY: WEST PALM BEACH STATE: FL ZIP: 33401 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CVC CALIFORNIA LLC CENTRAL INDEX KEY: 0001444824 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 033-55254-38 FILM NUMBER: 10868745 BUSINESS ADDRESS: STREET 1: ONE NORTH CLEMATIS STREET STREET 2: SUITE 300 CITY: WEST PALM BEACH STATE: FL ZIP: 33401 BUSINESS PHONE: 561 868 6060 MAIL ADDRESS: STREET 1: ONE NORTH CLEMATIS STREET STREET 2: SUITE 300 CITY: WEST PALM BEACH STATE: FL ZIP: 33401 FORMER NAME: FORMER CONFORMED NAME: CVC California, LLC DATE OF NAME CHANGE: 20080915 FORMER NAME: FORMER CONFORMED NAME: CV CALIFORNIA LLC DATE OF NAME CHANGE: 20080910 4 1 v186682_ex.xml X0303 4 2010-02-26 0 0000894556 GENERAL ENVIRONMENTAL MANAGEMENT, INC GEVI 0001444824 CVC CALIFORNIA LLC 525 OKEECHOBEE BOULEVARD, SUITE 1050 WEST PALM BEACH FL 33401 0 0 1 0 0001362707 ComVest Capital, LLC 525 OKEECHOBEE BOULEVARD, SUITE 1050 WEST PALM BEACH FL 33401 0 0 1 0 0001397084 COMVEST CAPITAL MANAGEMENT LLC 525 OKEECHOBEE BOULEVARD, SUITE 1050 WEST PALM BEACH FL 33401 0 0 1 0 0001014026 FALK MICHAEL 525 OKEECHOBEE BOULEVARD, SUITE 1050 WEST PALM BEACH, FL 33401 0 0 1 0 0000923232 PRIDDY ROBERT L 525 OKEECHOBEE BOULEVARD, SUITE 1050 WEST PALM BEACH, FL 33401 0 0 1 0 Common Stock 2010-02-26 4 J 0 3750000 A 4350000 D Convertible Note 0.60 2010-02-26 4 J 0 2166666 D 2008-09-04 2014-08-31 Common Stock 2700000 0 D Warrant 0.01 2010-02-26 4 J 0 2700000 D 2008-09-04 2014-08-31 Common Stock 2700000 0 D On February 26, 2010, the Issuer sold certain business assets, and a majority of the proceeds of such sale were used to repay the Convertible Note held by CVC California, LLC (the "Reporting Person"). At the same time, the Reporting Person exercised its right to require the Issuer to repurchase its outstanding Warrant for an aggregate purchase price of $2,000,000, of which $500,000 was paid in cash out of the proceeds of the asset sale, and the remaining amount was paid to the Reporting Person through the issuance of 3,750,000 shares of common stock of the Issuer. As of the date hereof, the Reporting Person, directly beneficially owns the securities identified herein. ComVest Capital, LLC ("Capital") indirectly beneficially owns the securities listed herein by virtue of the fact that Capital is the sole member and the managing member of the Reporting Person. ComVest Capital Management LLC ("Management") indirectly beneficially owns the securities listed herein by virtue of the fact that Management is the managing member of Capital. Michael S. Falk and Robert Priddy indirectly beneficially owns the securities listed herein by virtue of the fact that Mr. Falk and Mr. Priddy are the managing members of Management. However, Mr. Falk and Mr. Priddy disclaim any beneficial ownership of such securities, and the filing of this Form 4 shall not be deemed an admission that Mr. Falk or Mr. Priddy are, for purposes of Section 16 of the Securities Exchange Act or otherwise, the beneficial owners of any securities covered by this Form 4. /s/ Cecilio M. Rodriguez Cecilio M. Rodriguez Chief Financial Officer 2010-05-26 /s/ Cecilio M. Rodriguez Cecilio M. Rodriguez Chief Financial Officer 2010-05-26 /s/ Cecilio M. Rodriguez Cecilio M. Rodriguez Chief Financial Officer 2010-05-26 /s/ Michael S. Falk Michael S. Falk, Individually 2010-05-26 /s/ Robert Priddy Robert Priddy, Individually 2010-05-26 -----END PRIVACY-ENHANCED MESSAGE-----