-----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, M1c2Ra2UIkhtTbJESp8+TtYp4eelNY5IyY/zu8q+tVpNAMfrNywLCVkAIt591aeU F+ZDoYHgzq5ErBWnbP4/Tg== 0000911420-02-000054.txt : 20020415 0000911420-02-000054.hdr.sgml : 20020415 ACCESSION NUMBER: 0000911420-02-000054 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020306 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: OLYMPIC CASCADE FINANCIAL CORP CENTRAL INDEX KEY: 0001023844 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES [6200] IRS NUMBER: 364128138 STATE OF INCORPORATION: DE FISCAL YEAR END: 0926 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-51125 FILM NUMBER: 02567684 BUSINESS ADDRESS: STREET 1: 1001 FOURTH AVENUE STREET 2: STE 2200 CITY: SEATTLE STATE: WA ZIP: 98154 BUSINESS PHONE: 3127518833 MAIL ADDRESS: STREET 1: 1001 FOURTH AVENUE STREET 2: STE 2200 CITY: SEATTLE STATE: WA ZIP: 98154 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GOLDWASSER MARK CENTRAL INDEX KEY: 0001164682 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 120 BROADWAY 27TH FL CITY: NEW YORK STATE: NY ZIP: 10271 BUSINESS PHONE: 2124178210 MAIL ADDRESS: STREET 1: GREENBERT TRAURIG LLP STREET 2: 200 PARK AVE 14TH FL CITY: NEW YORK STATE: NY ZIP: 10166 SC 13D/A 1 d791789v2.txt AMENDMENT NO. 1 TO SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 1 )* OLYMPIC CASCADE FINANCIAL CORPORATION (Name of Issuer) COMMON STOCK (Title of Class of Securities) 68158N106 (CUSIP Number) ALAN I. ANNEX, ESQ. MICHAEL L. PFLAUM, ESQ. GREENBERG TRAURIG, LLP 200 PARK AVENUE NEW YORK, NEW YORK 10166 (212) 801-9200 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) FEBRUARY 22, 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 that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [_]. NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 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). SCHEDULE 13D CUSIP NO. 68158N106 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ONE CLARK LLC - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP (a) (b) X* - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF ---------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 440,800** EACH ---------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 ---------------------------------------------------- 10 SHARED DISPOSITIVE POWER 440,800** - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 440,800** - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 16.5%*** - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- * The reporting person expressly disclaims (i) the existence of any group and (ii) beneficial ownership with respect to any shares other than the shares owned of record by such reporting person. ** This amount includes 440,800 shares of Common Stock underlying the Company's Series A Convertible Preferred Stock (the "Preferred Stock"). *** Calculated after including the above referenced shares of Common Stock underlying the Preferred Stock in the numerator and the denominator. SCHEDULE 13D SCHEDULE 13D CUSIP NO. 68158N106 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON MARK GOLDWASSER - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP (a) (b) X* - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 28,500 NUMBER OF ---------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 440,800 EACH ---------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 220,500** ---------------------------------------------------- 10 SHARED DISPOSITIVE POWER 440,800** - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 661,300*** - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 22.8%*** - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- * The reporting person expressly disclaims (i) the existence of any group and (ii) beneficial ownership with respect to any shares other than the shares owned of record by such reporting person. ** This amount includes 192,000 shares of vested unexercised stock options. ***This amount includes 440,800 shares of Common Stock underlying the Company's Series A Convertible Preferred Stock (the "Preferred Stock") and 192,000 shares of vested unexercised stock options. **** Calculated after including the above referenced shares of Common Stock underlying the Preferred Stock in the numerator and the denominator. SCHEDULE 13D (AMENDMENT NO. 1) ITEM 1. SECURITY AND ISSUER. This Amendment No. 1 amends and supplements the statements on Schedule 13D (the "Schedule 13D") relating to the common stock, par value $.02 per share (the "Common Stock"), of Olympic Cascade Financial Corporation, a Delaware corporation (the "Company" or the "Issuer") and filed with the Securities and Exchange Commission on behalf of the following persons: (i) One Clark LLC, and (ii) Mark Goldwasser. Except as disclosed herein, there has been no change in the information previously reported in the Schedule 13D. Capitalized terms not defined herein shall have the meaning ascribed to them in the Schedule 13D. ITEM 4. PURPOSE OF TRANSACTION. Item 4 is hereby amended and supplemented by adding the following to the end of the second paragraph of Item 4: Pursuant to the terms of the Escrow Agreement, on February 22, 2002, the Company requested a draw-down on an aggregate of $250,000 of the Escrow Amount ($125,000 of which was delivered from funds delivered by One Clark LLC) for working capital purposes. Pursuant to the terms of the Escrow Agreement, the Company issued 1,250 shares of Series A Convertible Preferred Stock to One Clark LLC for a price of $100.00 per share. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) According to the Company, there were 2,236,449 shares of Common Stock outstanding as of February 8, 2002. One Clark is the beneficial owner of 440,800 shares issuable upon conversion of the Company's Series A Convertible Stock which represents 16.5% of the outstanding shares of Common Stock. Goldwasser is the beneficial owner of 661,300 shares of Common Stock which represents 22.8% of the outstanding shares of Common Stock. Such shares include, by virtue of his relationship with One Clark LLC as described above, 440,800 shares of Common Stock issuable upon conversion of the Company's Series A Convertible Stock. In addition, such amount includes 192,000 shares issuable upon exercise of fully-vested stock options. (b) One Clark LLC has the shared power to direct the vote and the shared power to direct the disposition (with Goldwasser) of the 440,800 shares of Common Stock issuable upon conversion of the Company's Series A Convertible Preferred Stock. Goldwasser has the sole power to direct the vote of 28,500 shares of Common Stock; the sole power to direct the disposition of 220,500 shares of Common Stock and the shared power to direct the disposition (with One Clark) of 661,300 shares of Common Stock. (c) Except as set forth in this Statement, there have been no sales or purchases with respect to the Issuer's Shares effected during the past sixty days by any of the Reporting Persons listed in (a) above. (d) Not Applicable. (e) Not Applicable. SIGNATURE 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. Dated: March 5, 2002 ONE CLARK LLC By:/s/ Mark Goldwasser ---------------------- Name: Mark Goldwasser Title: Manager /s/ Mark Goldwasser - ------------------------- Mark Goldwasser -----END PRIVACY-ENHANCED MESSAGE-----