-----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, SY6znAKAbCBD9I2KKBAYSmkCdiWtDxW/l/JFMgy4703UO+r6nMi1Q/nsKbbCqTc/ VdfJfO7PsCoHdx/GQrZx8A== 0001047469-99-033402.txt : 19990824 0001047469-99-033402.hdr.sgml : 19990824 ACCESSION NUMBER: 0001047469-99-033402 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 19990823 GROUP MEMBERS: ARTHUR E. LEVINE GROUP MEMBERS: LAUREN B. LEICHTMAN GROUP MEMBERS: LEVINE LEICHTMAN CAPITAL PARTNERS II LP GROUP MEMBERS: LEVINE LEICHTMAN CAPITAL PARTNERS, INC. GROUP MEMBERS: LLCP CALIFORNIA EQUITY PARTNERS II, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CFI PROSERVICES INC CENTRAL INDEX KEY: 0000908180 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 930704365 STATE OF INCORPORATION: OR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-45577 FILM NUMBER: 99697676 BUSINESS ADDRESS: STREET 1: 400 S W SIXTH AVE STREET 2: SUITE 200 CITY: PORTLAND STATE: OR ZIP: 97204 BUSINESS PHONE: 5032747280 MAIL ADDRESS: STREET 1: 400 S W SIXTH AVE STREET 2: STE 200 CITY: PORTLAND STATE: OR ZIP: 97204 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LEVINE LEICHTMAN CAPITAL PARTNERS II LP CENTRAL INDEX KEY: 0001074001 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 114227317 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 335 NORTH MAPLE DR STREET 2: SUITE 240 CITY: BEVERLY HILLS STATE: CA ZIP: 90210 BUSINESS PHONE: 3102755335 MAIL ADDRESS: STREET 1: 335 NORTH MAPLE DRIVE STREET 2: SUITE 240 CITY: BEVERLY HILLS STATE: CA ZIP: 90210 SC 13G 1 SC 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OMB APPROVAL OMB Number: 3235-0145 Expires: August 31, 1999 Estimated average burden hours per response 14.90 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. )* CFI PROSERVICES, INC. - ------------------------------------------------------------------------------- (Name of Issuer) Common Stock, no par value per share - ------------------------------------------------------------------------------- (Title of Class of Securities) 12525N100 --------------------------------- (CUSIP Number) August 13, 1999 - ------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: / / Rule 13d-1(b) /X/ Rule 13d-1(c) / / Rule 13d-1(d) *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 the disclosures provided in a prior cover page. 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 ("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). 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. Page 1 of 14 pages CUSIP No. 12525N100 - ------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Levine Leichtman Capital Partners II, L.P. - ------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. Citizenship or Place of Organization California - ------------------------------------------------------------------------------- Number of 5. Sole Voting Power 0 Shares ---------------------------------------------------------------- Beneficially 6. Shared Voting Power 289,299 (See Items 4 and 8) Owned by ---------------------------------------------------------------- Each 7. Sole Dispositive Power 0 Reporting ---------------------------------------------------------------- Person With: 8. Shared Dispositive Power 289,299 (See Items 4 and 8) - ------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 289,299 (See Items 4 and 8) - ------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) (See Item 4) - ------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 5.26% - ------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) - ------------------------------------------------------------------------------- PN - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- Page 2 of 14 pages CUSIP No. 12525N100 - ------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). LLCP California Equity Partners II, L.P. - ------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. Citizenship or Place of Organization California - ------------------------------------------------------------------------------- Number of 5. Sole Voting Power 0 Shares ---------------------------------------------------------------- Beneficially 6. Shared Voting Power 289,299 (See Items 4 and 8) Owned by ---------------------------------------------------------------- Each 7. Sole Dispositive Power 0 Reporting ---------------------------------------------------------------- Person With: 8. Shared Dispositive Power 298,299 (See Items 4 and 8) - ------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 298,299 (See Items 4 and 8) - ------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) (See Item 4) - ------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 5.26% - ------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) - ------------------------------------------------------------------------------- PN - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- Page 3 of 14 pages CUSIP No. 12525N100 - ------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Levine Leichtman Capital Partners, Inc. - ------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. Citizenship or Place of Organization California - ------------------------------------------------------------------------------- Number of 5. Sole Voting Power 0 Shares ---------------------------------------------------------------- Beneficially 6. Shared Voting Power 289,299 (See Items 4 and 8) Owned by ---------------------------------------------------------------- Each 7. Sole Dispositive Power 0 Reporting ---------------------------------------------------------------- Person With: 8. Shared Dispositive Power 289,299 (See Items 4 and 8) - ------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 289,299 (See Items 4 and 8) - ------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) (See Item 4) - ------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 5.26% - ------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) - ------------------------------------------------------------------------------- CO - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- Page 4 of 14 pages CUSIP No. 12525N100 - ------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Arthur E. Levine - ------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. Citizenship or Place of Organization United States of America - ------------------------------------------------------------------------------- Number of 5. Sole Voting Power 0 Shares ---------------------------------------------------------------- Beneficially 6. Shared Voting Power 289,299 (See Items 4 and 8) Owned by ---------------------------------------------------------------- Each 7. Sole Dispositive Power 0 Reporting ---------------------------------------------------------------- Person With: 8. Shared Dispositive Power 289,299 (See Items 4 and 8) - ------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 289,299 (See Items 4 and 8) - ------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) (See Item 4) - ------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 5.26% - ------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) - ------------------------------------------------------------------------------- IN - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- Page 5 of 14 pages CUSIP No. 12525N100 - ------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Lauren B. Leichtman - ------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. Citizenship or Place of Organization United States of America - ------------------------------------------------------------------------------- Number of 5. Sole Voting Power 0 Shares ---------------------------------------------------------------- Beneficially 6. Shared Voting Power 289,299 (See Items 4 and 8) Owned by ---------------------------------------------------------------- Each 7. Sole Dispositive Power 0 Reporting ---------------------------------------------------------------- Person With: 8. Shared Dispositive Power 289,299 (See Items 4 and 8) - ------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 289,299 (See Items 4 and 8) - ------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) (See Item 4) - ------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 5.26% - ------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) - ------------------------------------------------------------------------------- IN - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- Page 6 of 14 pages ITEM 1. (a) Name of Issuer CFI Proservices, Inc., an Oregon corporation (b) Address of Issuer's Principal Executive Offices 400 SW Sixth Avenue Suite 200 Portland, OR 97204 ITEM 2. (a) Name of Person Filing This Schedule 13G is being filed by Levine Leichtman Capital Partners II, L.P., a California limited partnership, LLCP California Equity Partners II, L.P., a California limited partnership, Levine Leichtman Capital Partners, Inc., a California corporation, Arthur E. Levine and Lauren B. Leichtman (collectively, the "Filing Persons"), pursuant to a Joint Reporting Agreement dated August 23, 1999, a copy of which is attached as EXHIBIT 2 hereto. Mr. Levine is a director, the President and a shareholder of Levine Leichtman Capital Partners, Inc. Ms. Leichtman is a director, the Chief Executive Officer and a shareholder of Levine Leichtman Capital Partners, Inc. Levine Leichtman Capital Partners, Inc. is the sole general partner of LLCP California Equity Partners II, L.P., and LLCP California Equity Partners II, L.P. is the sole general partner of Levine Leichtman Capital Partners II, L.P. (b) Address of Principal Business Office or, if none, Residence 335 North Maple Drive, Suite 240 Beverly Hills, CA 90210 (c) Citizenship The responses of the Filing Persons to Item 4 of the cover pages to this Schedule 13G that relate to the citizenship of such Filing Person are hereby incorporated herein by this reference. (d) Title of Class of Securities Common Stock, no par value per share (e) CUSIP Number 12525N100 Page 7 of 14 pages ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTIONS 240.13d-1(b) OR 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) / / Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) / / Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) / / Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) / / Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) / / An investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E); (f) / / An employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F); (g) / / A parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G); (h) / / A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) / / A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) / / Group, in accordance with Section 240.13d-1(b)(1)(ii)(J). ITEM 4. OWNERSHIP. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned On August 13, 1999, Levine Leichtman Capital Partners II, L.P., a California limited partnership, acquired the right, exercisable at any time, in whole or in part, to acquire an aggregate of 289,299 shares of Common Stock, and, therefore, was deemed to be the beneficial owner of such shares of Common Stock within the meaning of Rule 13d-3(d)(1)(i) promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Because of the relationships between and among Levine Leichtman Capital Partners II, L.P. and the other Filing Persons, each of the other Filing Persons may also be deemed to be the beneficial owner of all or a portion of such shares of Common Stock. Each of Arthur E. Levine and Lauren B. Leichtman disclaims beneficial ownership of such shares of Common Stock, except to the extent of his or her pecuniary interest therein. (b) Percent of class 5.26% Page 8 of 14 pages (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: The responses of the Filing Persons to Item 6 of the cover pages to this Schedule 13G that relate to the shares of Common Stock over which such Filing Persons have shared voting power are hereby incorporated herein by this reference. (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: The responses of the Filing Persons to Item 8 of the cover pages to this Schedule 13G that relate to the shares of Common Stock over which such Filing Persons have shared dispositive power are hereby incorporated herein by this reference. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following / /. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. No person, other than the Filing Persons, has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock that are the subject of this Schedule 13G. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY Not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP The Filing Persons have filed this Schedule 13G as a group pursuant to Rule 13d-1(k)(1) promulgated under the Exchange Act. The identity of each member of the group is set forth in EXHIBIT 1 attached hereto. The Filing Persons have entered into a Joint Reporting Agreement dated August 23, 1999, a copy of which is attached as EXHIBIT 2 hereto, pursuant to which they have agreed to file one joint statement on behalf of all of them with respect to the subject matter of this Schedule 13G. Page 9 of 14 pages ITEM 9. NOTICE OF DISSOLUTION OF GROUP Not applicable ITEM 10. CERTIFICATION By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Page 10 of 14 pages 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. Date: August 23, 1999 LEVINE LEICHTMAN CAPITAL PARTNERS II, L.P., a California limited partnership By: LLCP California Equity Partners II, L.P., a California limited partnership, its General Partner By: Levine Leichtman Capital Partners, Inc., a California corporation, its General Partner By: /s/ Arthur E. Levine --------------------------- Arthur E. Levine, President LLCP CALIFORNIA EQUITY PARTNERS II, L.P., a California limited partnership By: Levine Leichtman Capital Partners, Inc., a California corporation, its General Partner By: /s/ Arthur E. Levine --------------------------- Arthur E. Levine, President LEVINE LEICHTMAN CAPITAL PARTNERS, INC., a California corporation By: /s/ Arthur E. Levine --------------------------- Arthur E. Levine, President /s/ Arthur E. Levine -------------------------------- ARTHUR E. LEVINE /s/ Lauren B. Leichtman -------------------------------- LAUREN B. LEICHTMAN The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. 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 for whom copies are to be sent. ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001) Page 11 of 14 pages EXHIBIT INDEX
Sequentially Exhibit Numbered Number Description Page - ------ ----------- ------------ 1 Identification of Members of the Group 13 2 Joint Reporting Agreement dated August 23, 1999 14
Page 12 of 14 pages EX-1 2 EXH 1 Exhibit 1 IDENTIFICATION OF MEMBERS OF THE GROUP 1. Levine Leichtman Capital Partners II, L.P., a California limited partnership 2. LLCP California Equity Partners II, L.P., a California limited partnership 3. Levine Leichtman Capital Partners, Inc., a California corporation 4. Arthur E. Levine 5. Lauren B. Leichtman Page 13 of 14 pages EX-2 3 EXH 2 Exhibit 2 JOINT REPORTING AGREEMENT In consideration of the mutual covenants herein contained, each of the parties hereto represents to and agrees with the other parties as follows: 1. Such party is eligible to file a statement on Schedule 13G pertaining to the Common Stock, no par value per share, of CFI Proservices, Inc., an Oregon corporation, to which this Joint Reporting Agreement is an exhibit, for filing of the information contained herein. 2. Such party is responsible for timely filing of such statement and any amendments thereto and for the completeness and accuracy of the information concerning such party contained therein, PROVIDED that no such party is responsible for the completeness or accuracy of the information concerning any other party making the filing, unless such party knows or has reason to believe that such information is inaccurate. 3. Such party agrees that such statement is filed by and on behalf of each party and that any amendment thereto will be filed on behalf of each such party. Date: August 23, 1999 LEVINE LEICHTMAN CAPITAL PARTNERS II, L.P., a California limited partnership By: LLCP California Equity Partners II, L.P., a California limited partnership, its General Partner By: Levine Leichtman Capital Partners, Inc., a California corporation, its General Partner By: /s/ Arthur E. Levine --------------------------- Arthur E. Levine, President LLCP CALIFORNIA EQUITY PARTNERS II, L.P., a California limited partnership By: Levine Leichtman Capital Partners, Inc., a California corporation, its General Partner By: /s/ Arthur E. Levine --------------------------- Arthur E. Levine, President LEVINE LEICHTMAN CAPITAL PARTNERS, INC., a California corporation By: /s/ Arthur E. Levine --------------------------- Arthur E. Levine, President /s/ Arthur E. Levine -------------------------------- ARTHUR E. LEVINE /s/ Lauren B. Leichtman -------------------------------- LAUREN B. LEICHTMAN Page 14 of 14 pages -----END PRIVACY-ENHANCED MESSAGE-----