-----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, H+UlYMjpiEQu9MMemmx0H3kajD57IQNWkJJYsC0ATZgIHDSu+FMKThK5iuLaAMTB rDyuL+9Pn4CaZW6fOeBqLQ== 0000897069-02-000648.txt : 20020829 0000897069-02-000648.hdr.sgml : 20020829 20020829153407 ACCESSION NUMBER: 0000897069-02-000648 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 5 FILED AS OF DATE: 20020829 GROUP MEMBERS: ENDICOTT MANAGEMENT CO. GROUP MEMBERS: ENDICOTT OFFSHORE INVESTORS, LTD. GROUP MEMBERS: ENDICOTT PARTNERS II, L.P. GROUP MEMBERS: ENDICOTT PARTNERS, L.P. GROUP MEMBERS: GENE F. GAINES GROUP MEMBERS: JAM MANAGERS, L.L.C. GROUP MEMBERS: JAM PARTNERS, L.P. GROUP MEMBERS: JAM SPECIAL OPPORTUNITIES FUND, L.P. GROUP MEMBERS: ROBERT I. USDAN GROUP MEMBERS: W.R. ENDICOTT II, L.L.C. GROUP MEMBERS: W.R. ENDICOTT, L.L.C. GROUP MEMBERS: WAYNE K. GOLDSTEIN FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: JACOBS SY CENTRAL INDEX KEY: 0001166408 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: ONE FIFTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10003 MAIL ADDRESS: STREET 1: ONE FIFTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10003 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PROVIDENT FINANCIAL HOLDINGS INC CENTRAL INDEX KEY: 0001010470 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 330704889 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-49970 FILM NUMBER: 02752707 BUSINESS ADDRESS: STREET 1: 3756 CENTRAL AVE CITY: RIVERSIDE STATE: CA ZIP: 92506 BUSINESS PHONE: 9096866060 MAIL ADDRESS: STREET 1: 3756 CENTRAL AVENUE CITY: RIVERSIDE STATE: CA ZIP: 92506 SC 13D/A 1 slp366.txt SCHEDULE 13D AMENDMENT CUSIP No. 743868101 Page 1 of 33 Pages SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20552 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1) PROVIDENT FINANCIAL HOLDINGS, INC. (Name of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securities) 743868101 (CUSIP Number) Mr. Phillip Goldberg Foley & Lardner One IBM Plaza Suite 3300 330 North Wabash Avenue Chicago, IL 60611-3608 (312) 755-1900 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 20, 2002 (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 [ ]. CUSIP No. 743868101 Page 2 of 33 Pages ========== ===================================================================== 1 NAME OF REPORTING PERSON JAM Partners, 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 - --------------------------- --------- ------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY --------- ------------------------------------------ OWNED BY 8 SHARED VOTING POWER EACH 150,000 REPORTING --------- ------------------------------------------ PERSON 9 SOLE DISPOSITIVE POWER WITH 0 --------- ------------------------------------------ 10 SHARED DISPOSITIVE POWER 150,000 - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 417,150 - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |X| - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.5% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN ================================================================================ CUSIP No. 743868101 Page 3 of 33 Pages ========== ===================================================================== 1 NAME OF REPORTING PERSON JAM Special Opportunities Fund, 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 - --------------------------- --------- ------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY --------- ------------------------------------------ OWNED BY 8 SHARED VOTING POWER EACH 5,625 REPORTING --------- ------------------------------------------ PERSON 9 SOLE DISPOSITIVE POWER WITH 0 --------- ------------------------------------------ 10 SHARED DISPOSITIVE POWER 5,625 - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 417,150 - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |X| - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.5% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN ================================================================================ CUSIP No. 743868101 Page 4 of 33 Pages ========== ===================================================================== 1 NAME OF REPORTING PERSON JAM Managers, L.L.C. - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) [ ] - ---------- --------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS - ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - --------------------------- --------- ------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY --------- ------------------------------------------ OWNED BY 8 SHARED VOTING POWER EACH 155,625 REPORTING --------- ------------------------------------------ PERSON 9 SOLE DISPOSITIVE POWER WITH 0 --------- ------------------------------------------ 10 SHARED DISPOSITIVE POWER 155,625 - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 417,150 - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |X| - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.5% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN ================================================================================ CUSIP No. 743868101 Page 5 of 33 Pages ========== ===================================================================== 1 NAME OF REPORTING PERSON Seymour Jacobs - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) [ ] - ---------- --------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS - ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - --------------------------- --------- ------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES 9,375 BENEFICIALLY --------- ------------------------------------------ OWNED BY 8 SHARED VOTING POWER EACH 155,625 REPORTING --------- ------------------------------------------ PERSON 9 SOLE DISPOSITIVE POWER WITH 9,375 --------- ------------------------------------------ 10 SHARED DISPOSITIVE POWER 155,625 - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 417,150 - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |X| - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.5% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN ================================================================================ CUSIP No. 743868101 Page 6 of 33 Pages ========== ===================================================================== 1 NAME OF REPORTING PERSON Endicott Partners, 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 - ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - --------------------------- --------- ------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY --------- ------------------------------------------ OWNED BY 8 SHARED VOTING POWER EACH 73,350 REPORTING --------- ------------------------------------------ PERSON 9 SOLE DISPOSITIVE POWER WITH 0 --------- ------------------------------------------ 10 SHARED DISPOSITIVE POWER 73,350 - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 417,150 - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |X| - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.5% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN ================================================================================ CUSIP No. 743868101 Page 7 of 33 Pages ========== ===================================================================== 1 NAME OF REPORTING PERSON Endicott Partners II, 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 - ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - --------------------------- --------- ------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY --------- ------------------------------------------ OWNED BY 8 SHARED VOTING POWER EACH 83,000 REPORTING --------- ------------------------------------------ PERSON 9 SOLE DISPOSITIVE POWER WITH 0 --------- ------------------------------------------ 10 SHARED DISPOSITIVE POWER 83,000 - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 417,150 - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.5% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN ================================================================================ CUSIP No. 743868101 Page 8 of 33 Pages ========== ===================================================================== 1 NAME OF REPORTING PERSON Endicott Offshore Investors, Ltd. - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) [ ] - ---------- --------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands - --------------------------- --------- ------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY --------- ------------------------------------------ OWNED BY 8 SHARED VOTING POWER EACH 71,300 REPORTING --------- ------------------------------------------ PERSON 9 SOLE DISPOSITIVE POWER WITH 0 --------- ------------------------------------------ 10 SHARED DISPOSITIVE POWER 71,300 - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 417,150 - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.5% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO ================================================================================ CUSIP No. 743868101 Page 9 of 33 Pages ========== ===================================================================== 1 NAME OF REPORTING PERSON W.R. Endicott, L.L.C. - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) [ ] - ---------- --------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS - ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - --------------------------- --------- ------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY --------- ------------------------------------------ OWNED BY 8 SHARED VOTING POWER EACH 73,350 REPORTING --------- ------------------------------------------ PERSON 9 SOLE DISPOSITIVE POWER WITH 0 --------- ------------------------------------------ 10 SHARED DISPOSITIVE POWER 73,350 - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 417,150 - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |X| - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.5% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN ================================================================================ CUSIP No. 743868101 Page 10 of 33 Pages ========== ===================================================================== 1 NAME OF REPORTING PERSON W.R. Endicott II, L.L.C. - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) [ ] - ---------- --------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS - ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - --------------------------- --------- ------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY --------- ------------------------------------------ OWNED BY 8 SHARED VOTING POWER EACH 83,000 REPORTING --------- ------------------------------------------ PERSON 9 SOLE DISPOSITIVE POWER WITH 0 --------- ------------------------------------------ 10 SHARED DISPOSITIVE POWER 83,000 - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 417,150 - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |X| - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.5% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN ================================================================================ CUSIP No. 743868101 Page 11 of 33 Pages ========== ===================================================================== 1 NAME OF REPORTING PERSON Endicott Management Co. - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| 2 pension plans have contracts with EMC; benefits to them; control by EMC (b) [ ] - ---------- --------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - --------------------------- --------- ------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY --------- ------------------------------------------ OWNED BY 8 SHARED VOTING POWER EACH 23,000 REPORTING --------- ------------------------------------------ PERSON 9 SOLE DISPOSITIVE POWER WITH 0 --------- ------------------------------------------ 10 SHARED DISPOSITIVE POWER 23,000 - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 417,150 - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |X| - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.5% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO ================================================================================ CUSIP No. 743868101 Page 12 of 33 Pages ========== ===================================================================== 1 NAME OF REPORTING PERSON Wayne K. Goldstein - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) [ ] - ---------- --------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS - ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - --------------------------- --------- ------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY --------- ------------------------------------------ OWNED BY 8 SHARED VOTING POWER EACH 250,650 REPORTING --------- ------------------------------------------ PERSON 9 SOLE DISPOSITIVE POWER WITH 0 --------- ------------------------------------------ 10 SHARED DISPOSITIVE POWER 250,650 - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 417,150 - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |X| - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.5% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN ================================================================================ CUSIP No. 743868101 Page 13 of 33 Pages ========== ===================================================================== 1 NAME OF REPORTING PERSON Robert I. Usdan - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) [ ] - ---------- --------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS - ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - --------------------------- --------- ------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY --------- ------------------------------------------ OWNED BY 8 SHARED VOTING POWER EACH 250,650 REPORTING --------- ------------------------------------------ PERSON 9 SOLE DISPOSITIVE POWER WITH 0 --------- ------------------------------------------ 10 SHARED DISPOSITIVE POWER 250,650 - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 417,150 - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |X| - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.5% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN ================================================================================ CUSIP No. 743868101 Page 14 of 33 Pages ========== ===================================================================== 1 NAME OF REPORTING PERSON Gene F. Gaines - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) [ ] - ---------- --------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS PF - ---------- --------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - --------------------------- --------- ------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES 1,500 BENEFICIALLY --------- ------------------------------------------ OWNED BY 8 SHARED VOTING POWER EACH 0 REPORTING --------- ------------------------------------------ PERSON 9 SOLE DISPOSITIVE POWER WITH 1,500 --------- ------------------------------------------ 10 SHARED DISPOSITIVE POWER 0 - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 417,150 - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |X| - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.5% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN ================================================================================ CUSIP No. 743868101 Page 15 of 33 Pages Item 1. Security and Issuer This Schedule 13D relates to the common stock, par value $0.01 per share ("Common Stock") of Provident Financial Holdings, Inc. (the "Company" or "Provident"). The address of the principal executive offices of the Company is 3756 Central Avenue, Riverside, California 92506. The joint filing agreement of the members of the Group is attached as Exhibit 1. Item 2. Identity and Background This Schedule 13D is being jointly filed by each of the following persons (collectively, the "Group" or the "Group Members"): (a)-(c) (1) The "Jam Parties": (A) JAM Partners, L.P., a Delaware limited partnership ("JAM"). (B) JAM Special Opportunities Fund, L.P., a Delaware limited partnership ("JAM SOF"). (C) JAM Managers, L.L.C. a Delaware limited liability company ("JAM MGR"). (D) Seymour Jacobs ("Mr. Jacobs"). (2) The "Endicott Parties": (A) Endicott Partners, L.P., a Delaware limited partnership ("EPLP"). (B) Endicott Partners II, L.P., a Delaware limited partnership ("EPLPII"). (C) Endicott Offshore Investors, Ltd., a British Virgin Islands international business company ("EOI"). (D) W.R. Endicott, L.L.C., a Delaware limited liability company ("WRE LLC"). (E) W.R. Endicott II, L.L.C., a Delaware limited liability company ("WRE II LLC"). (F) Endicott Management Co., a Delaware corporation ("Endicott Management"). (G) Wayne K. Goldstein ("Mr. Goldstein"). (H) Robert I. Usdan ("Mr. Usdan"). (3) Gene F. Gaines The Group Members have entered into a Joint Filing Agreement, a copy of which is filed with this Schedule 13D as Exhibit 1. The business address of each Group Member is as follows: JAM, JAM SOF, JAM MGR and Mr. Jacobs: One Fifth Avenue New York, NY 10003 CUSIP No. 743868101 Page 16 of 33 Pages EPLP, EPLPII, WRE LLC, WRE II LLC, Endicott Management, Mr. Goldstein and Mr. Usdan: 237 Park Avenue, Suite 801 New York, NY 10017 EOI: c/o Trident Fund Services (B.V.I) Ltd. Wickhams Cay P.O. Box 146 Road Town Tortola, British Virgin Islands Mr. Gene F. Gaines: 1018 Second Street, Unit 1 Santa Monica, California 90403 JAM and JAM SOF are limited partnerships formed for the purpose of investing in, among other things, the equity securities of various financial services providers. JAM MGR is a limited liability company and general partner of JAM and JAM SOF. Mr. Jacobs is the sole Managing Member of JAM MGR. The business of EPLP, EPLPII and EOI is investment, in, among other things, the equity securities of various financial services providers. Endicott Management, in addition to being the advisor to EPLP, EPLPII and EOI, also manages two accounts which invests in, among other things, financial service providers. WRE LLC is the General Partner of EPLP. WRE II LLC is the General Partner of EPLPII. Messrs. Goldstein and Usdan are Co-Presidents of Endicott Management and Managing Members of WRE LLC and WRE II LLC. Mr. Gaines is an investor for his personal account. Mr. Gaines is Executive Vice President and the manager of the Private Banking Division at Pacific Western Bank, a subsidiary of First Community Bancorp. (d) During the past five years, no member of the Group has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) During the past five years, no member of the Group has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws. (f) All of the individuals who are members of the Group are citizens of the United States. CUSIP No. 743868101 Page 17 of 33 Pages Item 3. Source and Amount of Funds or Other Consideration In aggregate, the Group owns 417,150 shares, equal to 7.5% of the Common Stock of the Company. The amount of funds expended by JAM to acquire the 150,000 shares of Common Stock it holds in its name is $2,218,220. The amount of funds expended by JAM SOF to acquire 5,625 shares of Common Stock it holds in its name is $105,063. The amount of funds expended by Mr. Jacobs to acquire the 9,375 shares of Common Stock he holds in his name is $158,430. All of such funds were provided from available capital and from time to time, in part by margin account loans from NationsBanc Montgomery Securities, extended in the ordinary course of business on that firm's usual terms and conditions. All or part of the shares of Common Stock owned by any of the JAM Parties may from time to time be pledged as collateral for loans made by such firm to the JAM Parties. Such loans generally bear interest at a rate based upon the broker's call rate from time to time in effect. Such indebtedness, if any, may be refinanced with other banks or broker-dealers. The amount of funds expended by EPLP to acquire the 73,350 shares of Common Stock it holds in its name is $1,358,174. Such funds were provided from available capital. The amount of funds expended by EPLPII to acquire the 83,000 shares of Common Stock it holds in its name is $1,672,845. Such funds were provided from available capital. The amount of funds expended by EOI to acquire the 71,300 shares of Common Stock it holds in its name is $1,296,459. Such funds were provided from available capital. The amount of funds expended by Endicott Management to acquire the 23,000 shares of Common Stock it holds in its name is $335,922. Such funds were provided from available capital. The amount of funds expended by Mr. Gaines to acquire the 1,000 shares of Common Stock he holds in his name is $31,450. Such funds were provided from his personal funds. Item 4. Purpose of Transaction The purpose of the acquisition of the shares of Common Stock by members of the Group is to profit from appreciation in the market price of the Common Stock through the assertion of shareholder rights and influencing the policies of the Company. Members of the Group believe the Company's stock is undervalued. Members of the Group believe the Company's Board of Directors has not considered all opportunities to maximize shareholder value. The Group believes that the Board of Directors should actively consider all necessary steps to maximize shareholder value and that the current Board of Directors has not shown a willingness to consider such steps, including more aggressive share repurchases, increasing core profitability and a possible sale of the Company. Therefore, members of the Group currently intend to seek the addition of Messrs. Gaines and Jacobs to serve on the Company's Board of Directors, through their appointment or nomination by the Company or, if necessary, by nominating them for election at the Company's next annual meeting of stockholders. On May 29, 2002, Mr. Jacobs sent a letter to the Board of Directors of the Company, expressing the Group's concerns and intentions. A copy of that letter is attached as CUSIP No. 743868101 Page 18 of 33 Pages Exhibit 2. On July 11, 2002, Mr. Jacobs sent a letter to the Board of Directors of the Company, again expressing the Group's concerns and intentions. A copy of that letter is attached as Exhibit 3. On August 16, 2002, Mr. Jacobs sent a letter to the Company demanding access to and copies of the list of stockholders and certain other stockholder materials of the Company. A copy of that letter is attached as Exhibit 4. On August 20, 2002, the Chairman of the Board of Directors of the Company sent a letter to Mr. Jacobs regarding the next annual meeting of shareholders of the Company. A copy of that letter is attached as Exhibit 5. Members of the Group may make further purchases or sales of shares of Common Stock. Members of the Group may dispose of any or all the shares of Common Stock held by them, although they have no current intention to do so. To the extent the actions described herein may be deemed to constitute a "control purpose" with respect to the Securities Exchange Act of 1934, as amended, and the regulations thereunder, the Group has such a purpose. Except as noted in this Schedule 13D, no member of the Group has any plans or proposals, which relate to, or would result in, any of the matters referred to in paragraphs (b) through (j), inclusive of Item (4) of Schedule 13D. Such individuals may, at any time and from time to time, review or reconsider their positions and formulate plans or proposals with respect thereto. Item 5. Interest in Securities of the Company The percentages used in this Schedule 13D are calculated based upon the number of outstanding shares of Common Stock, 3,707,171, reported as the number of outstanding shares as of May 10, 2002, on the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2002, adjusted to reflect a 3-for-2 stock split effective July 12, 2002, for a total number of outstanding shares of 5,560,756. All purchases and sales of Common Stock reported herein were made in open market transactions on the Nasdaq National Market, except as otherwise stated. (A) JAM Partners, L.P. (a)-(b) See cover page. (c) JAM has made no purchases or sales of Common Stock in the last 60 days. (d) Because Mr. Jacobs is the Managing Member of JAM MGR, he has the power to direct the affairs of JAM MGR. JAM MGR has the power to direct the affairs of JAM, including the voting and disposition of shares of Common Stock held in the name of JAM. Mr. Jacobs is also the General Partner of JAM. Therefore, Mr. Jacobs has voting and disposition power with regard to shares of Common Stock held in the name of JAM. (B) JAM Special Opportunities Fund, L.P. (a)-(b) See cover page. (c) JAM SOF has made no purchases or sales of Common Stock in the last 60 days. CUSIP No. 743868101 Page 19 of 33 Pages (d) Because Mr. Jacobs is the Managing Member of JAM MGR, he has the power to direct the affairs of JAM MGR. JAM MGR has the power to direct the affairs of JAM SOF, including the voting and disposition of shares of Common Stock held in the name of JAM SOF. Mr. Jacobs is also the General Partner of JAM SOF. Therefore, Mr. Jacobs has voting and disposition power with regard to shares of Common Stock held in the name of JAM. (C) JAM Managers, L.L.C. (a)-(b) See cover page. (c) JAM MGR has made no purchases or sales of Common Stock in the last 60 days. (d) Because Mr. Jacobs is the Managing Member of JAM MGR, he has the power to direct the affairs of JAM MGR. Therefore, Mr. Jacobs has voting and disposition power with regard to shares of Common Stock held in the name of JAM MGR. (D) Seymour Jacobs (a)-(b) See cover page. (c) Mr. Jacobs has made no purchases or sales of Common Stock directly. (E) Endicott Partners, L.P. (a)-(b) See cover page. (c) EPLP has made no purchases or sales during the past 60 days. (d) Mr. Goldstein and Mr. Usdan are each a Managing Member of WRE LLC. WRE LLC is the general partner of EPLP. Therefore, Mr. Goldstein and Mr. Usdan share the power to direct the affairs of WRE LLC. WRE LLC has the power to vote or direct the affairs of EPLP, including the voting and disposition of shares of Common Stock held in the name of EPLP. Therefore, Mr. Goldstein and Mr. Usdan share voting and disposition power with regard to shares of Common Stock held in the name of EPLP. (E) Endicott Partners II, L.P. (a)-(b) See cover page. (c) EPLPII has made the following purchases of Common Stock in the last 60 days. - ---------------- -------------------- ----------------------- ----------------- Date Number of Shares Price Per Share ($) Total Cost ($) - ---------------- -------------------- ----------------------- ----------------- 7/18/01 5,000 21.865 109,325 - ---------------- -------------------- ----------------------- ----------------- 7/25/02 6,300 21.054 132,640 - ---------------- -------------------- ----------------------- ----------------- CUSIP No. 743868101 Page 20 of 33 Pages (d) Mr. Goldstein and Mr. Usdan are each a Managing Member of WRE II LLC. WRE II LLC is the general partner of EPLPII. Therefore, Mr. Goldstein and Mr. Usdan share the power to direct the affairs of WRE II LLC. WRE II LLC has the power to vote or direct the affairs of EPLPII, including the voting and disposition of shares of Common Stock held in the name of EPLPII. Therefore, Mr. Goldstein and Mr. Usdan share voting and disposition power with regard to shares of Common Stock held in the name of EPLPII. (E) Endicott Offshore Investors, Ltd. (a)-(b) See cover page. (c) EOI has made the following purchases of Common Stock in the last 60 days. - ---------------- -------------------- ----------------------- ----------------- Date Number of Shares Price Per Share ($) Total Cost ($) - ---------------- -------------------- ----------------------- ----------------- 7/25/02 3,500 21.057 73,700 - ---------------- -------------------- ----------------------- ----------------- (d) Mr. Goldstein and Mr. Usdan are each a Co-President of Endicott Management. Endicott Management directs the investment affairs of EOI. Therefore, Mr. Goldstein and Mr. Usdan share the power to direct the affairs of EOI, including voting and disposition power with regard to shares of Common Stock held in the name of EOI. (F) W.R. Endicott, L.L.C. (a)-(b) See cover page. (c) WRE LLC has made no purchases or sales of Common Stock directly. (d) Mr. Goldstein and Mr. Usdan are each a Managing Member of WRE LLC. Therefore, Mr. Goldstein and Mr. Usdan share the power to direct the affairs of WRE LLC, including voting and disposition power with regard to shares of Common Stock held in the name of WRE LLC. (G) W.R. Endicott II, L.L.C. (a)-(b) See cover page. (c) WRE II LLC has made no purchases or sales of Common Stock directly. (d) Mr. Goldstein and Mr. Usdan are each a Managing Member of WRE II LLC. Therefore, Mr. Goldstein and Mr. Usdan share the power to direct the affairs of WRE II LLC, including voting and disposition power with regard to shares of Common Stock held in the name of WRE II LLC. CUSIP No. 743868101 Page 21 of 33 Pages (H) Endicott Management Co. (a)-(b) See cover page. (c) Endicott Management has made the following purchases of Common Stock in the last 60 days. - ------------- ----------------------- ----------------------- ------------------ Date Number of Shares Price Per Share ($) Total Cost ($) - ------------- ----------------------- ----------------------- ------------------ 7/25/02 200 21.175 4,235 - ------------- ----------------------- ----------------------- ------------------ (d) Mr. Goldstein and Mr. Usdan are each a Co-President of Endicott Management. Therefore, Mr. Goldstein and Mr. Usdan share the power to direct the affairs of Endicott Management, including voting and disposition power with regard to shares of Common Stock held in the name of Endicott Management. (I) Wayne K. Goldstein (a)-(b) See cover page. (c) Mr. Goldstein has made no purchases or sales of Common Stock directly. (J) Robert I. Usdan (a)-(b) See cover page. (c) Mr. Usdan has made no purchases or sales of Common Stock directly. (K) Gene F. Gaines (a)-(b) See cover page. (c) Mr. Gaines has made no purchases or sales of Common Stock during the past 60 days. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Company. With respect to the Endicott Parties, for all accounts managed Endicott Management is entitled to a management fee based upon a percentage of total capital managed. In addition, Endicott Management receives an allocation of a portion of profits, if any, for the two managed accounts managed by it and the account managed for EOI. WRE LLC receives an allocation of a portion of profits, if any, for the account managed for EPLP. WRE II LLC receives an allocation of a portion of profits, if any, for the account managed for EPLPII. With respect to the JAM Parties, JAM MGR is entitled to a management fee and an allocation of a portion of profits of JAM and JAM SOF. CUSIP No. 743868101 Page 22 of 33 Pages Other than the foregoing agreements and the Joint Filing Agreement filed as Exhibit 1 to this filing, there are no contracts, arrangements, understandings or relationships among the persons named in Item 2 hereof and between such persons and any person with respect to any securities of the Company, including but not limited to transfer or voting of any of the securities, finders' fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, divisions of profits or losses, or the giving or withholding of proxies. Item 7. Material to be Filed as Exhibits No. Description 1 Joint Filing Agreement. 2 Letter from Mr. Jacobs to the Board of Directors of the Company, dated May 29, 2002.* 3 Letter from Mr. Jacobs to the Board of Directors of the Company, dated July 11, 2002. 4 Letter from the Mr. Jacobs to the Company to Mr. Jacobs, dated August 16, 2002. 5 Letter from the Chairman of the Board of Directors of the Company to Mr. Jacobs, dated August 20, 2002. - -------------- *Filed with an earlier-filed version of this Schedule 13D. CUSIP No. 743868101 Page 23 of 33 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 28, 2002 JAM PARTNERS, L.P. By: /s/ Seymour Jacobs Seymour Jacobs General Partner JAM SPECIAL OPPORTUNITIES FUND, L.P. By: /s/ Seymour Jacobs Seymour Jacobs General Partner JAM MANAGERS, L.L.C. By: /s/ Seymour Jacobs Seymour Jacobs Managing Member ENDICOTT PARTNERS, L.P. By: W.R. Endicott, L.L.C. General Partner By: /s/ Robert I. Usdan Robert I. Usdan Managing Member ENDICOTT PARTNERS II, L.P. By: W.R. Endicott II, L.L.C. General Partner By: /s/ Robert I. Usdan Robert I. Usdan Managing Member CUSIP No. 743868101 Page 24 of 33 Pages ENDICOTT OFFSHORE INVESTORS, LTD. By: /s/ Robert I. Usdan Robert I. Usdan Director W.R. ENDICOTT, L.L.C. By: /s/ Robert I. Usdan Robert I. Usdan Managing Member W.R. ENDICOTT II, L.L.C. By: /s/ Robert I. Usdan Robert I. Usdan Managing Member ENDICOTT MANAGEMENT CO. By: /s/ Robert I. Usdan Robert I. Usdan President By: /s/ Seymour Jacobs Seymour Jacobs By: /s/ Wayne K. Goldstein Wayne K. Goldstein By: /s/ Robert I. Usdan Robert I. Usdan By: /s/ Gene F. Gaines Gene F. Gaines EX-99.1 3 slp366a.txt JOINT FILING AGREEMENT CUSIP No. 743868101 Page 25 of 33 Pages EXHIBIT 1 JOINT FILING AGREEMENT Pursuant to Rule 13d-1(f)(1) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree that the Schedule 13D to which this Joint Filing Agreement is being filed as an exhibit shall be a joint statement filed on behalf of each of the undersigned. Date: August 28, 2002 JAM PARTNERS, L.P. By: /s/ Seymour Jacobs Seymour Jacobs General Partner JAM SPECIAL OPPORTUNITIES FUND, L.P. By: /s/ Seymour Jacobs Seymour Jacobs General Partner JAM MANAGERS, L.L.C. By: /s/ Seymour Jacobs Seymour Jacobs Managing Member ENDICOTT PARTNERS, L.P. By: W.R. Endicott, L.L.C. General Partner By: /s/ Robert I. Usdan Robert I. Usdan Managing Member ENDICOTT PARTNERS II, L.P. By: W.R. Endicott II, L.L.C. General Partner By: /s/ Robert I. Usdan Robert I. Usdan Managing Member CUSIP No. 743868101 Page 26 of 33 Pages ENDICOTT OFFSHORE INVESTORS, LTD. By: /s/ Robert I. Usdan Robert I. Usdan Director W.R. ENDICOTT, L.L.C. By: /s/ Robert I. Usdan Robert I. Usdan Managing Member W.R. ENDICOTT II, L.L.C. By: /s/ Robert I. Usdan Robert I. Usdan Managing Member ENDICOTT MANAGEMENT CO. By: /s/ Robert I. Usdan Robert I. Usdan President By: /s/ Seymour Jacobs Seymour Jacobs By: /s/ Wayne K. Goldstein Wayne K. Goldstein By: /s/ Robert I. Usdan Robert I. Usdan By: /s/ Gene F. Gaines Gene F. Gaines EX-99.3 4 slp366b.txt LETTER FROM MR. JACOBS TO BOARD CUSIP No. 743868101 Page 27 of 33 Pages EXHIBIT 3 [ON LETTERHEAD] July 11, 2002 The Board of Directors c/o Craig G. Blunden Chairman of the Board Provident Financial Holdings, Inc. 3756 Central Avenue Riverside, CA 92506 Dear Craig: I am sending this letter as a follow up to my letter to your Board dated May 29, 2002 and our several telephonic conversations. As stated many times previously, I had hoped that we would be able to work together on a friendly basis concerning our request for board representation. In the six weeks that have passed, there has been no tangible progress towards that goal. Rather, we have had numerous conversations which seem to lead nowhere, we have readily responded to requests for biographical information and professional references, and in the case of Gene Gaines, he has willingly met with you in a hope to move this forward. The lack of progress is disappointing given the spirit of cooperation with which we have conducted ourselves during this period. As I mentioned on the telephone the other day, the goal of my group remains the same - we would like two seats on the board of directors. We believe that these seats are warranted and necessary given the company's anemic earnings performance and the lack of independent out-of-community oversight. With a shareholder base including a majority of institutional investors, some representation on the board would seem appropriate, if not imperative. You recently suggested to me that the board's decision regarding this would be based, in part, on the findings of a proxy solicitation firm. We greatly look forward to their findings. We think they will support our point of view as long as they are honest with you and don't just tell you what you need to hear to hire them for a lucrative (for them) proxy battle. Our confidence is based on the numerous calls we have received from like-minded institutional and individual shareholders. Note that this did not waste any of shareholder's equity as a formal proxy battle. What we think you should be focusing on are daily press reports and discussions in Congress pointing to the need for more experienced, independent and objective board members throughout corporate America. Corporate governance seems to be the rallying cry. As such, it is very surprising that a report from a paid and possibly partial proxy solicitor would influence your decision as opposed to the clear need that the company has, the qualifications stated in both the original letter and by the references we provided, and the shareholder profile of the company. Furthermore, our discussion regarding capital management strategies and lowering bloated overhead were reminiscent of conversations I have had with you for years. As opposed to your contention that the problem has been poor communication of your business plan and prospects to CUSIP No. 743868101 Page 28 of 33 Pages investors, I pose that the problem has been with the execution of those plans. You've communicated your plans and goals clearly. You just haven't achieved them. This further convinces us that the board needs to hear fresh voices with different experience and qualifications and more directly representing all shareholders' interests. I continue to believe that we can work together in a friendly and constructive manner, and because of this, we have chosen to not yet file an amended 13D nor release this letter publicly. But, we would like to see constructive discussions and substantial progress made toward adding us to the board of directors by July 22, which I believe to be the date of your next board meeting. We believe this board meeting is an ideal time to introduce us to the members of the board and for them to formally approve our addition. If no such progress is made by this date, we will take this as substantial proof of your unwillingness to work together on this, and we will begin the process that will result in the formal nomination of Gene and me as directors. Simply put, if no agreement is reached by the time of your board meeting, we will redirect our prodigious energies and resources toward taking our case directly to all shareholders. As time is short, I hope to hear a response to our letter as soon as possible and I look forward to working with you on these issues. Sincerely, /s/ Seymour Jacobs Seymour Jacobs Managing Member JAM Managers, L.L.C. As General Partner for JAM Partners, L.P. EX-99.4 5 slp366c.txt LETTER FROM JACOBS TO PROVIDENT CUSIP No. 743868101 Page 29 of 33 Pages EXHIBIT 4 August 16, 2002 Mr. Craig G. Blunden Chairman, President & CEO Provident Financial Holdings, Inc. 3756 Central Avenue Riverside, CA 92506 Re: Demand For Stock Ledger, Stockholder List and Books and Records Dear Mr. Blunden: Pursuant to the applicable provisions of Delaware law, the undersigned hereby demands an opportunity to inspect during normal business hours the stock ledger, current list of the stockholders (in alphabetical order, setting forth the name and address of each stockholder and the number of shares registered in the name of each such stockholder, as of the most recent date available), and books and records of Provident Financial Holdings, Inc. ("Provident"), and an opportunity to make copies of or extracts from such documents. I hereby certify to Provident that I am a stockholder of record of Provident. In connection with the foregoing demand, I further demand the opportunity to inspect and copy the following, updated as of the date of this letter, all of which should be in the possession of Provident or one of its agents: 1. All daily stock transfer sheets showing changes in the stockholder list referred to in the preceding paragraph which are in or come into the possession of Provident or the transfer agent(s) for the common stock of Provident beginning the day following the date of such list. 2. All information in Provident's possession and/or subject to its direction or control and/or which can be obtained from nominees of any central depository system relating to the breakdown of all brokerage and financial institutions holding shares for their customers in street name (including any "13F list") and a breakdown of holdings which appear on the corporate stock ledger under the names of any central depository system (e.g., Cede & Co.). 3. A list of the names, addresses and securities positions of non-objecting beneficial owners and acquiescing beneficial owners obtained by Provident from brokers and dealers pursuant to the applicable rules promulgated under the Securities Exchange Act of 1934, as amended. If such list is not available as of a recent date, such list should be requested. 4. A list of the names and addresses of employee participants in any stock ownership CUSIP No. 743868101 Page 30 of 33 Pages plan of Provident as of the date of the stockholder list. 5. The Pershing/DLJ omnibus proxy list. 6. The Philadep omnibus proxy list. 7. Any other omnibus proxies produced by ADP for client banks or brokers, listing among other things any respondent positions. 8. Any omnibus proxy produced by Bank of New York, or any other bank or broker, listing among other things any respondent positions. 9. Any record date information provided by ADP relative to shares held for their clients, and the number of holders at each of their client firms holding shares of Provident. I further demand that modifications of, additions to or deletions from, any and all information referenced above subsequent to the date of the stockholder list referred to above be furnished to me as and when the same becomes available to Provident or its agents or representatives. In the event any or all of the information encompassed by this demand is available in the form of computer tape or other medium suitable for use by computer or word processor, I demand inspection and copying of such computer tape or other medium as well as any program, software, manual or other instructions necessary for the practical use of such information. Foley & Lardner, which is acting as my counsel, or my designated agent, is authorized to make the above-referenced inspection and receive copies on my behalf pursuant to the Power of Attorney attached hereto. I will bear the reasonable costs incurred by Provident (including those of its transfer agent(s)) in connection with the production of the information with regard to which demand is made herein. The purposes for requesting such inspection and copying are to communicate with stockholders and to facilitate a possible solicitation of proxies in connection with the 2002 Annual Meeting of Stockholders. Under applicable Delaware law, Provident is required to respond to this request within five (5) business days after receiving this letter. Please advise my counsel, Phillip M. Goldberg of Foley & Lardner, One IBM Plaza, 330 N. Wabash Avenue, Chicago, Illinois 60611-3608 (telephone number: 312-755-1900) as to when the items sought will be made available, and in what form. Very truly yours, /s/ Seymour Jacobs Seymour Jacobs CUSIP No. 743868101 Page 31 of 33 Pages STATE OF NEW YORK ) COUNTY OF ) ss: ) Seymour Jacobs, having been first duly sworn according to law, did depose, swear and say that he is authorized to execute the foregoing Demand for Stock Ledger, Stockholder List and Books and Records and to make the demands, designations, authorizations and representations contained therein, and that the matters contained in the foregoing Demand for Stock Ledger, Stockholder List and Books and Records are true and correct. /s/ Seymour Jacobs Seymour Jacobs Sworn to and subscribed before me this ___ day of August, 2002. - ------------------------------------ Notary Public My Commission Expires:_______________ CUSIP No. 743868101 Page 32 of 33 Pages POWER OF ATTORNEY STATE OF NEW YORK ) COUNTY OF ) ss: ) I, Seymour Jacobs, do hereby make, constitute and appoint the law firm of Foley & Lardner, or any of its designated agents, to act on my behalf, to inspect and receive copies of the stockholder records of Provident Corporation requested in the accompanying demand. By: /s/ Seymour Jacobs Seymour Jacobs Sworn to and subscribed before me this ___ day of August, 2002. - ------------------------------------ Notary Public My Commission Expires:_______________ EX-99.5 6 slp366d.txt LETTER FROM CHAIRMAN TO MR. JACOBS CUSIP No. 743868101 Page 33 of 33 Pages EXHIBIT 5 [ON LETTERHEAD] Via Telecopy Mr. Seymour Jacobs Managing Member JAM Partners, L.P. One Fifth Avenue New York, New York 10003 Dear Sy: This letter is in connection with our conversation earlier today concerning the proposed timing of our annual meeting of shareholders of Provident Financial Holdings, Inc. As I indicated to you, in keeping with our past practices, we certainly do not intend to hold an annual meeting without providing adequate notice to our shareholders. In this regard, we anticipate announcing the date of the meeting in a press release as soon as one is selected by our Board of Directors. The press release also will be filed with the Securities and Exchange Commission under cover of a Current Report on Form 8-K immediately after it is issued. We envision that the proxy materials will be mailed to our shareholders approximately 30 to 45 days after the press release is issued and that 25 to 30 days notice will be given between the mailing date and meeting date. These dates are obviously approximate, but should give you an idea of the timetable we are contemplating. I hope this addresses your concerns regarding the notice and timing of our annual meeting. I thought that our conversation was very productive and I look forward to continuing these discussions with you shortly. Best regards, /s/ Craig G. Blunden Craig G. Blunden Chairman of the Board CGB/sm cc: Phillip M. Goldberg, Esquire -----END PRIVACY-ENHANCED MESSAGE-----