-----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, SAqN17tJF4BZNMpaKCxakZLvNj+doDxGCC6MydVR7kKbLTDxVzIwvcVr/FweHIhQ NWUlbO743Z786TtPKInheg== 0001058217-99-000328.txt : 19991026 0001058217-99-000328.hdr.sgml : 19991026 ACCESSION NUMBER: 0001058217-99-000328 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19991025 GROUP MEMBERS: BEDFORD FALLS INVESTORS, LP GROUP MEMBERS: COLUMBUS MCKINNON SHAREHOLDERS COMMITTEE GROUP MEMBERS: CRAIG EFFRON GROUP MEMBERS: CURTIS SCHENKER GROUP MEMBERS: JEFFREY E. SCHWARZ GROUP MEMBERS: KAREN FINERMAN GROUP MEMBERS: LAKEWAY CAPITAL PARTNERS, LLC GROUP MEMBERS: LANE ALTMAN & OWENS GROUP MEMBERS: METROPOLITAN CAPITAL ADVISORS INTERNATIONAL, LTD. GROUP MEMBERS: METROPOLITAN CAPITAL ADVISORS, INC. GROUP MEMBERS: METROPOLITAN CAPITAL III, INC. GROUP MEMBERS: ROBERT F. LIETZOW, JR. GROUP MEMBERS: SCOGGIN CAPITAL MANAGEMENT, L.P. GROUP MEMBERS: SCOGGIN INTERNATIONAL FUND LIMITED GROUP MEMBERS: SCOGGIN, INC. GROUP MEMBERS: SCOGGIN, LLC GROUP MEMBERS: YAUPON PARTNERS II, L.P. GROUP MEMBERS: YAUPON PARTNERS, LP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: COLUMBUS MCKINNON CORP CENTRAL INDEX KEY: 0001005229 STANDARD INDUSTRIAL CLASSIFICATION: CONSTRUCTION MACHINERY & EQUIP [3531] IRS NUMBER: 160547600 STATE OF INCORPORATION: NY FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-46371 FILM NUMBER: 99732902 BUSINESS ADDRESS: STREET 1: 140 JOHN JAMES AUDUBON PKWY CITY: AMHERST STATE: NY ZIP: 14228-1197 BUSINESS PHONE: 7166895400 MAIL ADDRESS: STREET 1: 140 JOHN JAMES AUDUBON PARKWAY CITY: AMHERST STATE: NY ZIP: 14228-1197 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LANE ALTMAN & OWENS CENTRAL INDEX KEY: 0001000095 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 101 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 SC 13D/A 1 SCHEDULE 13D AMENDMENT #5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D AMENDMENT NO. 5 UNDER THE SECURITIES EXCHANGE ACT OF 1934 COLUMBUS MCKINNON CORPORATION - -------------------------------------------------------------------------------- (Name of issuer) Common Stock, $.01 Par Value - -------------------------------------------------------------------------------- 199333-10-5 - -------------------------------------------------------------------------------- (Cusip Number) Jeffrey E. Schwarz Metropolitan Capital Advisors, Inc. 660 Madison Avenue New York, NY 10021 (212) 486-8100 Robert F. Lietzow, Jr. Lakeway Capital Partners, LLC 660 Madison Avenue New York, NY 10021 (212)371-0600 Curtis Schenker Scoggin Capital Management, L.P. 660 Madison Avenue New York, NY 10021 (212) 355-7480 with copies to: Joseph F. Mazzella Lane Altman & Owens LLP 101 Federal Street Boston, Massachusetts 02110 617-345-9800 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 22, 1999 - -------------------------------------------------------------------------------- (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 [ ]. Check the following box if a fee is being paid with the statement [x]. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13-d(a) for other parties to whom copies are to be sent. *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 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). - -------------------------- -------------------------- CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 2 of 27 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON COLUMBUS MCKINNON SHAREHOLDERS COMMITTEE (1) - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X] (B) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* N/A - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION NEW YORK - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 1,265,545 EACH -------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH: 0 -------------------------------------------------- 10. SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,265,545 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.53% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON 00 ================================================================================ (1) Consists of Metropolitan Capital Advisors, Inc., Metropolitan Capital III, Inc., Jeffrey Schwarz, Karen Finerman, Lakeway Capital Partners, LLC, Robert F. Lietzow, Jr., Scoggin, Inc.,Scoggin, LLC, Curtis Schenker and Craig Effron, each of whom joins in this filing, and each of whom denies beneficial ownership of the shares beneficially owned by the other members of the Committee except as otherwise described in Item 5 herein. *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. - -------------------------- -------------------------- CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 3 of 27 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON METROPOLITAN CAPITAL ADVISORS, INC. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X] (B) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION NEW YORK - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 371,290 EACH -------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH: 0 -------------------------------------------------- 10. SHARED DISPOSITIVE POWER 371,290 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 371,290 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.50% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON CO ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. - -------------------------- -------------------------- CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 4 of 27 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON METROPOLITAN CAPITAL III, INC. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X] (B) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION NEW YORK - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 246,210 EACH -------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH: 0 -------------------------------------------------- 10. SHARED DISPOSITIVE POWER 246,210 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 246,210 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.66% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON CO ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. - -------------------------- -------------------------- CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 5 of 27 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON BEDFORD FALLS INVESTORS, LP - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X] (B) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* WC, OO - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 371,290 EACH -------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH: 0 -------------------------------------------------- 10. SHARED DISPOSITIVE POWER 371,290 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 371,290 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.50% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. - -------------------------- -------------------------- CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 6 of 27 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON METROPOLITAN CAPITAL ADVISORS INTERNATIONAL, LTD. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X] (B) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* WC, OO - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION BRITISH VIRGIN ISLANDS - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 246,210 EACH -------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH: 0 -------------------------------------------------- 10. SHARED DISPOSITIVE POWER 246,210 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 246,210 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.66% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON CO ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. - -------------------------- -------------------------- CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 7 of 27 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON JEFFREY E. SCHWARZ - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X] (B) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 7,200 NUMBER OF -------------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 617,500 EACH -------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH: 7,200 -------------------------------------------------- 10. SHARED DISPOSITIVE POWER 617,500 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 624,700 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.21% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. - -------------------------- -------------------------- CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 8 of 27 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON KAREN FINERMAN - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X] (B) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 617,500 EACH -------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH: 0 -------------------------------------------------- 10. SHARED DISPOSITIVE POWER 617,500 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 617,500 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.16% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. - -------------------------- -------------------------- CUSIP No. 199333-10-5 SCHEDULE 13D Page 9 of 27 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SCOGGIN, INC. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X] (B) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 325,000 EACH -------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH: 0 -------------------------------------------------- 10. SHARED DISPOSITIVE POWER 325,000 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 325,000 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.20% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* CO ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. - -------------------------- -------------------------- CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 10 of 27 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SCOGGIN CAPITAL MANAGEMENT, 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, OO - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 325,000 EACH -------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH: 0 -------------------------------------------------- 10. SHARED DISPOSITIVE POWER 325,000 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 325,000 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.20% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. - -------------------------- -------------------------- CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 11 of 27 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SCOGGIN, LLC - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X] (B) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 158,600 EACH -------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH: 0 -------------------------------------------------- 10. SHARED DISPOSITIVE POWER 158,600 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 158,600 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.07% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON OO ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. - -------------------------- -------------------------- CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 12 of 27 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SCOGGIN INTERNATIONAL FUND, LIMITED - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X] (B) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* WC, OO - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION COMMONWEALTH OF BAHAMAS - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 158,600 EACH -------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH: 0 -------------------------------------------------- 10. SHARED DISPOSITIVE POWER 158,600 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 158,600 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.07% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON CO ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. - -------------------------- -------------------------- CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 13 of 27 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON CURTIS SCHENKER - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X] (B) [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 7,500 NUMBER OF -------------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 488,600 EACH -------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH: 7,500 -------------------------------------------------- 10. SHARED DISPOSITIVE POWER 488,600 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 496,100 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.34% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. - -------------------------- -------------------------- CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 14 of 27 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON CRAIG EFFRON - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ] (B) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 5,000 NUMBER OF -------------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 483,600 EACH -------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH: 5,000 -------------------------------------------------- 10. SHARED DISPOSITIVE POWER 483,600 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 488,600 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.29% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. - -------------------------- -------------------------- CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 15 of 27 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON LAKEWAY CAPITAL PARTNERS, LLC - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ] (B) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 122,450 EACH -------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH: 0 -------------------------------------------------- 10. SHARED DISPOSITIVE POWER 122,450 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 122,450 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .82% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON OO ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. - -------------------------- -------------------------- CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 16 of 27 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON YAUPON PARTNERS, LP - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ] (B) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS WC, OO - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 118,750 EACH -------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH: 0 -------------------------------------------------- 10. SHARED DISPOSITIVE POWER 118,750 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 118,750 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .80% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. - -------------------------- -------------------------- CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 17 of 27 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON YAUPON PARTNERS II, L.P. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ] (B) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS WC, OO - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 3,700 EACH -------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH: 0 -------------------------------------------------- 10. SHARED DISPOSITIVE POWER 3,700 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,700 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .02% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. - -------------------------- -------------------------- CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 18 of 27 Pages - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ROBERT F. LIETZOW, JR. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ] (B) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 17,295 NUMBER OF -------------------------------------------------- SHARES 8. SHARED VOTING POWER BENEFICIALLY OWNED BY 122,450 EACH -------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON WITH: 17,295 -------------------------------------------------- 10. SHARED DISPOSITIVE POWER 122,450 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 139,745 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .94% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 19 of 27 Pages ----------- -------------------- This Amendment No. 5 relates to the Schedule 13D originally filed on behalf of certain of the Reporting Persons with the Securities and Exchange Commission on May 6, 1999, as supplemented and amended by Amendment No. 1 to Schedule 13D filed on May 24, 1999, Amendment No. 2 to Schedule 13D filed on May 28, 1999, Amendment No. 3 to Schedule 13D filed on June 18, 1999 and Amendment No. 4 to Schedule 13D filed on July 20, 1999. The text of Items 3,4,5 and 7, to the extent previously supplemented and amended, are hereby further supplemented and amended as follows: ITEM 3. SOURCE AND AMOUNT OF FUNDS The source and amount of funds used to acquire the Common Stock beneficially owned by each Reporting Person is as follows: (i) The Committee does not own any shares separately from those owned by its members. (ii) (A) The sources of the funds used by Metropolitan Capital to purchase Common Stock on behalf of Bedford Falls were working capital and margin borrowing through brokerage accounts maintained at Bear, Stearns & Company. The approximate aggregate amount of funds used to purchase such securities for Bedford Falls was $6,235,866. The portion of such funds provided by margin borrowing is not readily determinable and varies from time to time as a result of varying margin account availability and other unrelated, ongoing transactions in such accounts. All such securities were acquired by open market purchases. (B) The sources of funds used to purchase Common Stock on behalf of Metropolitan International were working capital and margin borrowing through brokerage accounts maintained at Bear Stearns & Company. The approximate aggregate amount of funds used to purchase such securities was $4,450,152.50. The portion of such funds provided by margin borrowing is not readily determinable and varies from time to time as a result of varying margin account availability and other unrelated ongoing transactions in such accounts. All such securities were acquired by open market purchases. (iii) (A) The sources of funds used by Scoggin, Inc. to purchase Common Stock on behalf of Scoggin Capital were working capital and margin borrowing through brokerage accounts maintained at Spear Leeds & Kellogg. The approximate aggregate amount of funds used to purchase such securities for Scoggin Capital was $6,018,150.50. The portion of such funds provided by margin borrowing is not readily determinable and varies from time to time as a result of varying margin account availability and other unrelated, ongoing transactions in such accounts. All such securities were acquired by open market transactions. (B) The source of funds used by Scoggin, LLC to purchase Common Stock on behalf of Scoggin International were working capital and margin borrowing through brokerage accounts maintained at Spear Leeds & Kellogg. The approximate aggregate amount of funds used to purchase such securities for Scoggin International was $3,306,076.50. The portion of such funds provided by margin borrowing is not readily determinable and varies from time to time as a result of varying margin account availability and other unrelated, ongoing transactions in such accounts. All such securities were acquired by open market transactions. CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 20 of 27 Pages ----------- -------------------- (iv) (A) The sources of the funds used by Lakeway Capital to purchase Common Stock on behalf of Yaupon and Yaupon II were working capital and margin borrowing through brokerage accounts maintained at Spear Leeds & Kellogg. The approximate aggregate amount of funds used to purchase such securities for Yaupon and Yaupon II was $2,251,360. The portion of such funds provided by margin borrowing is not readily determinable and varies from time to time as a result of varying margin account availability and other unrelated, ongoing transactions in such accounts. All such securities were acquired by open market transactions. ITEM 4. PURPOSE OF THE TRANSACTION The following supplements the information previously provided and set forth in this Item 4 to Schedule 13D, as amended. As previously reported, each of the Reporting Persons has acquired the Issuer's securities over time to obtain a substantial equity position for investment. The transaction initially reported on herein was the action of the Reporting Persons to enter into an Agreement (attached as Exhibit B to the initial Schedule 13D) to nominate and elect a slate of directors who would implement a shareholder maximization process. At the Issuer's Annual Meeting of Shareholders held on August 16, 1999 (the "Annual Meeting"), the Issuer's incumbent directors were re-elected. By letter to Timothy Tevens, Chief Executive Officer of the Issuer, dated October 22, 1999 (attached hereto as Exhibit H), certain of the Reporting Persons repeated their proposal that the Company explore alternatives to the management's strategy. The Reporting Persons intend to continue to communicate with management, other shareholders and third parties regarding transactions which may result in enhanced values to shareholders. The Reporting Persons have agreed that they will consult with each other regarding such communications from time to time, and may share the expenses of such activities. Each of the Reporting Persons may pursue the above steps individually, or cooperatively with each other and other parties. To the extent one or more of them do so, they may consult with experts, enter into agreements or understandings with each other and third parties, or act together in the purchase and sale of common stock of the Issuer, including with respect to the allocation of expenses and securities pricing in such transactions. The Reporting Persons may modify their intentions, and will continually consider modifications of their investment and position, or trade in the Issuer's securities from time to time based upon developments in the Issuer's business, actions of management or a change in market or other conditions, and may individually or together reduce or increase such holdings on an individual or aggregate basis irrespective of their intention to pursue strategic alternatives for the Issuer. In addition, the Reporting Persons may initiate other steps and actions to affect the management or control of the Issuer based upon a determination by them that the Issuer's management is not adequately considering acquisition proposals made by third parties. CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 21 of 27 Pages ----------- -------------------- ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) (b) The beneficial ownership and voting and dispositive power of each of the Reporting Persons over Common Stock of the Issuer as of the date hereof is as follows: (i) The Committee may be deemed to beneficially own 1,265,545 shares of Common Stock, constituting approximately 8.53% of the shares outstanding. (ii) (A) Metropolitan Capital has purchased no shares of Common Stock of the Issuer solely for its own account. However, Metropolitan Capital may be deemed to have shared voting and dispositive power over the 371,290 shares representing 2.50% of Common Stock of the Issuer beneficially owned by Bedford Falls, which does not include 2,000 shares beneficially owned by certain employees of an affiliate of Metropolitan Capital. In addition to the above, Metropolitan Capital may be deemed to have shared voting power over 1,265,545 shares of Common Stock of the Issuer representing 8.53% by virtue of being a member of the Committee and a party to the Agreement referred to in Item 6 of the original Schedule 13D. (B) Metropolitan Capital III, Inc. has purchased no shares of Common Stock of the Issuer solely for its own account. However, by reason of its position as General Partner of Metropolitan Capital Partners III, L.P. which has discretionary voting and dispositive power over the assets of Metropolitan International. Metropolitan Capital III, Inc. may be deemed to have shared voting and dispositive power over the 246,210 shares representing 1.66% of the Common Stock of the Issuer owned by Metropolitan International. In addition to the above, Metropolitan Capital III, Inc. may be deemed to have shared voting power over 1,265,545 shares of Common Stock of the Issuer representing 8.53% by virtue of being a member of the Committee and a party to the Agreement referred to in Item 6. (C) Jeffrey Schwarz may be deemed the beneficial owner of 617,500 shares representing 4.16% of the Common Stock of the Issuer as a result of his being a director, executive officer and controlling stockholder of Metropolitan Capital and Metropolitan Capital III, Inc. Jeffrey Schwarz is the beneficial owner of 7,200 shares representing .05% of the Common Stock of the Issuer which he owns individually, which does not include 6,800 shares beneficially owned by certain family members and trusts established for the benefit of certain family members of Jeffrey Schwarz. In addition to the above, Jeffrey Schwarz may be deemed to have shared voting power over 1,265,545 shares of Common Stock of the Issuer representing 8.53% by virtue of being a member of the Committee and a party to the Agreement referred to in Item 6 of the original Schedule 13D. CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 22 of 27 Pages ----------- -------------------- (D) Karen Finerman may be deemed the beneficial owner of 617,500 shares representing 4.16% of the Common Stock of the Issuer as a result of her being a director and executive officer of Metropolitan Capital, and a director, executive officer and stockholder of Metropolitan Capital III, Inc., which does not include 8,000 shares beneficially owned by certain family members of Karen Finerman. In addition to the above, Karen Finerman may be deemed to have shared voting power over 1,265,545 shares of Common Stock of the Issuer representing 8.53% by virtue of being a member of the Committee and a party to the Agreement referred to in Item 6 of the original Schedule 13D. (iii) (A) Scoggin, Inc. has purchased no shares of Common Stock of the Issuer solely for its own account. However, Scoggin, Inc. may be deemed to have shared voting and dispositive power over the 325,000 shares representing 2.20% of the Common Stock of the Issuer beneficially owned by Scoggin Capital. In addition to the above, Scoggin, Inc. may be deemed to have shared voting power over 1,265,545 shares of Common Stock of the Issuer representing 8.53% by virtue of being a member of the Committee and a party to the agreement referred to in Item 6 of the original Schedule 13D. (B) Scoggin, LLC has purchased no shares of Common Stock of the Issuer solely for its own account. However, Scoggin, LLC may be deemed to have shared voting and dispositive power over 158,600 shares representing 1.07% of the Common Stock of the Issuer benefically owned by Scoggin International. In addition to the above, Scoggin, LLC may be deemed to have shared voting power over 1,265,545 shares of Common Stock of the Issuer representing 8.53% by virtue of being a member of the Commitee and a party to the Agreement referred to in Item 6 of the original Schedule 13D. (C) Curtis Schenker may be deemed the beneficial owner of 483,600 shares representing 3.26% of the Common Stock of the Issuer as a result of his being a director and executive officer of Scoggin, Inc. In addition, Curtis Schenker may be deemed beneficial owner of 5,000 shares representing .03% of the Issuer as a result of being a controlling partner in certain partnerships that own such shares. Schenker also is the beneficial owner of 7,500 shares representing .05% of the Common Stock of the Issuer which he owns individually. In addition to the above, Curtis Schenker may be deemed to have shared voting power over 1,265,545 shares of Common Stock of the Issuer representing 8.53% by virtue of being a member of the Committee and a party to the Agreement referred to in Item 6 of the original Schedule 13D. (D) Craig Effron may be deemed the beneficial owner of 483,600 shares representing 3.26% of the Common Stock of the Issuer as a result of his being a director and executive officer of Scoggin, Inc. Effron is the beneficial owner of 5,000 shares representing .03% of the Common Stock of the Issuer which he owns individually. In addition to the above, Craig Effron may be deemed to have shared voting power over 1,265,545 shares of Common Stock of the Issuer representing 8.53% by virtue of being a member of the the Committee and a party to the Agreement referred to in Item 6 of the original Schedule 13D. CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 23 of 27 Pages ----------- -------------------- (iv) (A) Lakeway Capital has purchased no shares of Common Stock of the issuer solely for its own accounts. However, Lakeway Capital may be deemed to have shared voting and dispositive power over the 122,450 shares representing .82% of Common Stock of the Issuer beneficially owned by Yaupon and Yaupon II. In addition to the above, Lakeway Capital may be deemed to have shared voting power over 1,265,545 shares of Common Stock of the Issuer representing 8.53% by virtue of being a member of the Committe and a party to the Agreement referred to in Item 6 of the original Schedule 13D. (B) Robert F. Lietzow, Jr. may be deemed the beneficial owner of 122,450 shares representing .82% of the Common Stock of the Issuer as a result of his being the sole Managing Member of Lakeway Capital. Lietzow is the beneficial owner of 17,295 shares representing .12% of the Common Stock of the Issuer which he owns individually. In addition to the above, Lietzow may be deemed to have shared voting power over 1,265,545 shares of Common Stock of the Issuer representing 8.53% by virtue of being a member of the Committee and a party to the agreement referred to in Item 6 of the original Schedule 13D. The number of shares beneficially owned and the percentage of outstanding shares reported thereby, for each of the Reporting Persons, have been computed in accordance with Rule 13D-3 under the Securities Exchange Act of 1934, as amended. The percentages of ownership described in this Amendment No. 5 to Schedule 13D are based on an aggregate 14,844,300 shares of Common Stock reported outstanding by the Issuer in its Form 10-Q filed on August 18, 1999. (c) Transactions in the class of securities reported on herein effected in the last 60 days by Metropolitan Capital Advisors, Inc. for and on behalf of Bedford Fall Investors, L.P. are as follows: Date Purchase/Sale No. of Shares Price Per Share Total 10/15/99 Purchase 2,250 $16.75 $37,680.00 10/19/99 Purchase 2,240 $16.46 $36,863.00 Transactions in the class of securities reported on herein effected in the last 60 days by Metropolitan Capital III, Inc. for and on behalf of Metropolitan Capital Advisors International, Ltd. are as follows: Date Purchase/Sale No. of Shares Price Per Share Total 10/15/99 Purchase 2,800 $16.75 $46,887.00 10/19/99 Purchase 2,810 $16.46 $46,239.50 Transactions in the class of securities reported on herein effected in the last 60 days by Scoggin, Inc. for and on behalf of Scoggin Capital Management, L.P. are as follows: Date Purchase/Sale No. of Shares Price Per Share Total 10/14/99 Purchase 2,500 $16.75 $41,862.50 Transactions in the class of securities reported on herein effected in the last 60 days by Scoggin, LLC for and on behalf of Scoggin International Fund Limited are as follows: Date Purchase/Sale No. of Shares Price Per Share Total 10/14/99 Purchase 1,450 $16.75 $24,285.50 10/19/99 Purchase 3,950 $16.46 $64,990.00 Transactions in the class of securities reported on herein effected in the last 60 days by Lakeway Capital Partners, LLC for and on behalf of Yaupon Partners, L.P. are as follows Date Purchase/Sale No. of Shares Price Per Share Total 10/15/99 Purchase 1,000 $16.75 $16,752.50 10/19/99 Purchase 1,000 $16.46 $16,462.50
(d) Not Applicable (e) Not Applicable CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 24 of 27 Pages ----------- -------------------- ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Exhibit A. Agreement of Joint Filing (Previously Filed) Exhibit B. Agreement of Stockholders (Previously Filed) Exhibit C. Letter to Issuer dated May 5, 1999 (Previously Filed) Exhibit D. Letter to Issuer dated May 24, 1999 (Previously Filed) Exhibit E. Letter to Shareholders dated May 24, 1999 (Previously Filed) Exhibit F. Issuer's Complaint filed May 25, 1999 (Previously Filed) Exhibit G. Press Release dated May 26, 1999 (Previously Filed) Exhibit H. Letter to Timothy Tevens dated October 22,1999 CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 25 of 27 Pages ----------- -------------------- 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. This statement may be executed in any number of counterparts, each of which shall be deemed an original and all of which shall constitute one (1) instrument. METROPOLITAN CAPITAL ADVISORS, INC. By:/s/ Jeffrey E. Schwarz ------------------------------------------- Jeffrey E. Schwarz, Chief Executive Officer METROPOLITAN CAPITAL III, INC. By:/s/ Jeffrey E. Schwarz ------------------------------------------- Jeffrey E. Schwarz, Chief Executive Officer METROPOLITAN CAPITAL ADVISORS INTERNATIONAL, LTD. By: Metropolitan Capital III, L.P. By: Metropolitan Capital III, Inc. By: /s/ Jeffrey E. Schwarz --------------------------------------------- Jeffrey E. Schwarz, Chief Executive Officer BEDFORD FALLS INVESTORS, L.P. By: Metropolitan Capital Advisors, L.P. By: Metropolitan Capital Advisors, Inc. By: /s/ Jeffrey E. Schwarz --------------------------------------------- Jeffrey E. Schwarz, Chief Executive Officer By: /s/ Jeffrey E. Schwarz --------------------------------------------- Jeffrey E. Schwarz By: /s/ Karen Finerman --------------------------------------------- Karen Finerman Dated as of: October 25, 1999 CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 26 of 27 Pages ----------- -------------------- 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. This statement may be executed in any number of counterparts, each of which shall be deemed an original and all of which shall constitute one (1) instrument. Yaupon Partners, L.P. By: Lakeway Capital Partners, LLC By: /s/ Robert F. Lietzow, Jr. --------------------------------------------- Robert F. Lietzow, Jr. Managing Member Yaupon Partners II, L.P. By: Lakeway Capital Partners, LLC By: /s/ Robert F. Lietzow, Jr. --------------------------------------------- Robert F. Lietzow, Jr. Managing Member Lakeway Capital Partners, LLC By: /s/ Robert F. Lietzow, Jr. --------------------------------------------- Robert F. Lietzow, Jr. Managing Member By: /s/ Robert F. Lietzow, Jr. --------------------------------------------- Robert F. Lietzow, Jr. Dated as of: October 25, 1999 CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 27 of 27 Pages ----------- -------------------- 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. This statement may be executed in any number of counterparts, each of which shall be deemed an original and all of which shall constitute one (1) instrument. Scoggin Capital Management, L.P. By: S&E Partners, L.P., its General Partner By: Scoggin, Inc., its General Partner By: /s/ Curtis Schenker --------------------------------------------- Curtis Schenker, its Executive Officer SCOGGIN INTERNATIONAL FUND, LTD. By: Scoggin, LLC, its Investment Advisor By: /s/ Curtis Schenker --------------------------------------------- Curtis Schenker, Managing Member Scoggin, LLC By: /s/ Curtis Schenker --------------------------------------------- Curtis Schenker, Managing Member Scoggin, Inc. By: /s/ Curtis Schenker --------------------------------------------- Curtis Schenker, its Chief Executive Officer By: /s/ Craig Effron --------------------------------------------- Craig Effron By: /s/ Curtis Schenker --------------------------------------------- Curtis Schenker Dated as of: October 25, 1999 EXHIBIT H --------- October 22, 1999 Mr. Timothy Tevens Chief Executive Officer Columbus McKinnon Corporation 140 John James Audubon Parkway Amherst, New York 14228-1197 Dear Tim: This past summer the Columbus McKinnon's Shareholder Committee unsuccessfully fought a proxy contest in which we proposed an alternate slate of directors for election to the Company's board. Our agenda was to immediately pursue a strategy of value maximization, principally by actively exploring a sale, merger or recapitalization of the Company. You argued that it was not the time to sell the Company, that management had a plan to maximize shareholder value and that shareholders would soon see the benefits of that plan. The performance of Columbus's stock price since the annual meeting shows that the market is dissatisfied with management's strategy and now is the time to take immediate steps to maximize shareholder value. Yesterday, the Company's stock closed at $15 5/8 per share, down 22% since management's Board was re-elected on August 16, down 13.2% percent in calendar 1999, and down 35.6% since the beginning of 1998. Yesterday's closing price is a mere 4% above the price at which the Company went public, over 3 1/2 years ago. This represents an annual rate of return of approximately 1%. Moreover, it appears that even the sell-side analysts are beginning to lose their confidence in the stock. Bear Stearns has reduced it price target a whopping 25%, from $32 to $24, and the consensus earnings estimate for fiscal 2000 has declined. Despite your recent poor performance, we continue to believe that there is significant unrealized value in Columbus's core business. The core business generates enormous cash and the Company trades at a very low multiple to cash flow. The Company is a dominant player in the hoist industry, and its products enjoy an excellent reputation. For this reason, we believe that Columbus's would be an attractive acquisition target for a corporate buyer, strategic investor or a leveraged buy-out firm. Based on our conversations with third parties, we are convinced that there would be interest in the Company, if management were more receptive. We have demonstrated our conviction that there is significant unrealized value in Columbus McKinnon by purchasing more stock since the annual meeting. We had hoped to see management show a similar conviction. Frankly, given the low market price of the stock, we have been stunned that management purchases have been nothing but anemic. We are no less than appalled that you, the CEO of the Company, who earns close to half a million dollars a year, have bought only 250 shares, since the shareholder meeting. We can only conclude that when it comes to your personal assets, you have little confidence in your own plan for shareholder value. It is unreasonable to expect other shareholders and the market to endorse a plan in which you apparently don't have confidence. We urge you to reconsider your opposition to our strategy and to focus your efforts on maximizing shareholder value. Our group intends to monitor your efforts to create value for Columbus's shareholders, and we will continue to have discussions with other shareholders, investment bankers and potential purchasers of the Company so that we can help secure maximum value for all shareholders. Sincerely, Jeffrey E. Schwarz -----END PRIVACY-ENHANCED MESSAGE-----