-----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, NCJ0ukXsFFRBqoQlUlA6JunanZonWpIGLjHdLhWrAhCYXjtb2SRfw5gvzEkpWHxl LaIjCAK0Z0wCaWKhWIQLTw== 0000950005-99-000275.txt : 19990319 0000950005-99-000275.hdr.sgml : 19990319 ACCESSION NUMBER: 0000950005-99-000275 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990318 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SAVOIR TECHNOLOGY GROUP INC/DE CENTRAL INDEX KEY: 0000715842 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065] IRS NUMBER: 942414428 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-35135 FILM NUMBER: 99568254 BUSINESS ADDRESS: STREET 1: 254 E HACIENDA AVENUE CITY: CAMPBELL STATE: CA ZIP: 95008 BUSINESS PHONE: 4083790177 FORMER COMPANY: FORMER CONFORMED NAME: WESTERN MICRO TECHNOLOGY INC /DE DATE OF NAME CHANGE: 19970811 FORMER COMPANY: FORMER CONFORMED NAME: SAVOIR TECHNOLOGY GROUP INC DATE OF NAME CHANGE: 19970806 FORMER COMPANY: FORMER CONFORMED NAME: WESTERN MICRO TECHNOLOGY INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STROME SUSSKIND INVESTMENT MANAGEMENT LP CENTRAL INDEX KEY: 0000936711 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 954450882 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 100 WILSHIRE BLVD STREET 2: 15TH FLOOR CITY: SANTA MONICA STATE: CA ZIP: 90401 MAIL ADDRESS: STREET 1: 100 WILSHIRE BLVD STREET 2: 15TH FLOOR CITY: SANTA MONICA STATE: CA ZIP: 90401 SC 13G/A 1 FORM SC 13G/A -------------------------------- OMB APPROVAL ------------ OMB Number 3235-0145 Expires. August 31, 1999 Estimated average burden Hours per response .. 14.90 -------------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendments No. 1)* Savoir Technology Group, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class Securities) 80533W107 - -------------------------------------------------------------------------------- (CUSIP Number) 12/31/98 - -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] 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 disclosure provided in a prior cover page. The information required in 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 current valid OMB control number. Page 1 of 12 pages CUSIP No. 80533W107 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Strome Susskind Investment Management, L.P. 95-4450882 - -------------------------------------------------------------------------------- 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 Delaware - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power 0 Shares Bene- -------------------------------------------- ficially Owned 6. Shared Voting Power 1,184,109 by Each -------------------------------------------- Reporting 7. Sole Dispositive Power 0 Person With: -------------------------------------------- 8. Shared Dispositive Power 1,184,109 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,184,109 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 10.52% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) - -------------------------------------------------------------------------------- IA, PN The shares reported herein include Common Stock (603,591 shares); Series A Preferred Stock (convertible into 387,012 shares of Common stock); and Warrants (convertible into 193,506 shares of Common Stock). Page 2 of 12 pages CUSIP No. 80533W107 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). SSCO, Inc. 95-4450883 - -------------------------------------------------------------------------------- 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 Delaware - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power 0 Shares Bene- -------------------------------------------- ficially Owned 6. Shared Voting Power 1,184,109 by Each -------------------------------------------- Reporting 7. Sole Dispositive Power 0 Person With: -------------------------------------------- 8. Shared Dispositive Power 1,184,109 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,184,109 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 10.52% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) - -------------------------------------------------------------------------------- CO, OO (Control Person) The shares reported herein include Common Stock (603,591 shares); Series A Preferred Stock (convertible into 387,012 shares of Common stock); and Warrants (convertible into 193,506 shares of Common Stock). Page 3 of 12 pages CUSIP No. 80533W107 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Mark E. Strome - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power 0 Shares Bene- -------------------------------------------- ficially Owned 6. Shared Voting Power 1,184,109 by Each -------------------------------------------- Reporting 7. Sole Dispositive Power 0 Person With: -------------------------------------------- 8. Shared Dispositive Power 1,184,109 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,184,109 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 10.52% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) - -------------------------------------------------------------------------------- IN;OO (Control Person) The shares reported herein include Common Stock (603,591 shares); Series A Preferred Stock (convertible into 387,012 shares of Common stock); and Warrants (convertible into 193,506 shares of Common Stock). Page 4 of 12 pages Page 5 of 12 pages Item 1. (a) Name of Issuer Savoir Technology Group, Inc. (b) Address of Issuer's Principal Executive Offices 254 E. Hacienda Campbell, CA 95088 Item 2. (a) Name of Person Filing (i) Strome Susskind Investment Management, L.P. ("SSIM") (ii) SSCO, Inc. ("SSCO") (iii) Mark E. Strome ("Strome") (b) Address of Principal Business office or, if None, Residence (i) 100 Wilshire Blvd., 15th Floor, Santa Monica, CA 90401 (ii) 100 Wilshire Blvd., 15th Floor, Santa Monica, CA 90401 (iii) 100 Wilshire Blvd., 15th Floor, Santa Monica, CA 90401 (c) Citizenship (i) SSIM: Delaware (ii) SSCO: Delaware (iii) Strome: United States (d) Title of Class Securities Common Stock (including Series A Preferred Stock and Warrants convertible into Common Stock) (e) CUSIP Number 80533W107 Page 6 of 12 pages Item 3. If this statement is filed pursuant to 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 (15 U.S.C. 80a-8). (e) [ ] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E). (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(ii)(F). (g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G). (h) [ ] A savings association 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) [X] Group in accordance with 240.13d-1(b)(ii)(J). This statement is filed by Strome Susskind Investment Management, L.P., an investment adviser registered under the Investment Advisers Act of 1940, its control persons, SSCO, Inc., its sole general partner, and Mark E. Strome. (See, also, Exhibit A.) Item 4. Ownership Common Stock: (a) Amount Beneficially Owned: 1,184,109 (b) Percent of Class: 10.52% (c) Number of shares as to which the joint filers have: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: 1,184,109 (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose of or to direct the disposition of: 1,184,109 The amount of shares beneficially owned includes Common Stock (603,591 shares); Series A Preferred Stock (convertible into 387,012 shares of Common Stock); and Warrants (convertible into 193,506 shares of Common Stock). Page 7 of 12 pages 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 securities, check the following [ ]. Item 6. Ownership of More than Five Percent on Behalf of Another Person. N/A Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. N/A Item 8. Identification and Classification of Members of the Group. See Exhibit A Item 9. Notice of Dissolution of Group. N/A Item 10. Certification: (a) The following certification shall be included if the statement is filed pursuant to 240.13d-1(b): By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held I the ordinary course of business and 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. SIGNATURE Date: March 15, 1999. STROME SUSSKIND INVESTMENT MANAGEMENT, L.P. By SSCO, Inc., its General Partner /s/ Jeffrey S. Lambert ------------------------------------ Jeffrey S. Lambert for SSCO, Inc. By Power of Attorney Page 8 of 12 pages SSCO, INC. /s/ Jeffrey S. Lambert ------------------------------------ Jeffrey S. Lambert for SSCO, Inc. By Power of Attorney /s/ Jeffrey S. Lambert ------------------------------------ Jeffrey S. Lambert for Mark E. Strome By Power of Attorney Page 9 of 12 pages EXHIBIT A Identification and Classification of Members of the Group Pursuant to Rule 13d-1(b)(ii)(J) and Rule 13d-1(k)(1) under the Securities and Exchange Act of 1934, the members of the group making this joint filing are identified and classified as follows: Name Classification ---- -------------- Strome Susskind Investment Management, Investment Adviser registered under the L.P. (the "Adviser") Investment Advisers Act of 1940 SSCO, Inc. ("General Partner") A control person due to its role as General Partner of the Adviser. Mark E. Strome A control person of the Adviser and the settlor and trustee of the trust that is Controlling Shareholder of the General Partner. Page 10 of 12 pages EXHIBIT B Joint Filing Agreement Pursuant to Rule 13d-1 This agreement is made pursuant to Rule 13d-1(b)(ii)(J) and Rule 13d-1(k)(1) under the Securities and Exchange Act of 1934 (the "Act") by and among the parties listed below, each referred to herein as a "Joint Filer." The Joint Filers agree that a statement of beneficial ownership as required by Sections 13(g) or 13(d) of the Act and the Rules thereunder may be filed on each of their behalf on Schedule 13G or Schedule 13D, as appropriate, and that said joint filing may thereafter be amended by further joint filings. The Joint Filers state that they each satisfy the requirements for making a joint filing under Rule 13d-1. Dated: March 15, 1999 STROME SUSSKIND INVESTMENT MANAGEMENT, L.P. By SSCO, Inc., its General partner /s/ Jeffrey S. Lambert ------------------------------------ Jeffrey S. Lambert for SSCO, Inc. By Power of Attorney SSCO, INC. /s/ Jeffrey S. Lambert ------------------------------------ Jeffrey S. Lambert for SSCO, Inc. By Power of Attorney /s/ Jeffrey S. Lambert ------------------------------------ Jeffrey S. Lambert for Mark E. Strome By Power of Attorney Page 11 of 12 pages EXHIBIT C Disclaimer of Beneficial Ownership Savoir Technology Group, Inc. Common Stock 1,184,109 Shares* SSCO, Inc. and Mark E. Strome disclaim beneficial ownership as to all shares beneficially owned for Section 13(g) filing purposes by Strome Susskind Investment Management, L.P., as investment adviser. *The shares reported and disclaimed herein include Common Stock (603,591 shares); Series A Preferred Stock (convertible into 387,012 shares of Common Stock); and Warrants (convertible into 193,506 shares of Common Stock). Page 12 of 12 pages EXHIBIT D Power of Attorney Forms for Schedules 13D and 13G and Forms 13F I, Mark E. Strome in my individual capacity and as a principal of Strome Susskind Investment Management, L.P. and SSCO, Inc., hereby appoint Jeffrey S. Lambert as attorney-in-fact and agent, in all capacities, to execute, on my behalf and on behalf of Strome Susskind Investment Management, L.P. and to file with the appropriate issuers, exchanges and regulatory authorities, any and all Schedules 13D, 13G and Forms 13F and documents relating thereto required to be filed under the Securities and Exchange Act of 1934, including exhibits, attachments and amendments thereto and request for confidential information contained therein. I hereby grant to said attorney-in-fact full authority to do every act necessary to be done in order to effectuate the same as fully, to all intents and purposes, as I could if personally present, thereby ratifying all that said attorneys-in-fact and agents may lawfully do or cause to be done by virtue hereof. I hereby execute this Power of Attorney as of this 15th day of March, 1999. /s/ Mark E. Strome -------------------------------- Mark E. Strome -----END PRIVACY-ENHANCED MESSAGE-----