-----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, UpTjgrkOGtcGft63PFvaaYAk9i+ZxFjFxtQo2keriYKCUP43e83RpZEtBmRH1R+H MP1yM3cHP/N9eyKDHIrWaw== 0000940180-99-000172.txt : 19990217 0000940180-99-000172.hdr.sgml : 19990217 ACCESSION NUMBER: 0000940180-99-000172 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19990216 GROUP MEMBERS: BAY HARBOUR MANAGEMENT LC GROUP MEMBERS: DOUGLAS P. TEITELBAUM GROUP MEMBERS: STEVEN A. VAN DYKE GROUP MEMBERS: TOWER INVESTMENT GROUP, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: KASPER A S L LTD CENTRAL INDEX KEY: 0001037067 STANDARD INDUSTRIAL CLASSIFICATION: WOMEN'S, MISSES', AND JUNIORS OUTERWEAR [2330] IRS NUMBER: 223497645 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-51155 FILM NUMBER: 99543006 BUSINESS ADDRESS: STREET 1: 77 METRO WAY CITY: SECAUCUS STATE: NJ ZIP: 07094 BUSINESS PHONE: 2018640328 MAIL ADDRESS: STREET 1: 77 METRO WAY CITY: SECAUCUS STATE: NJ ZIP: 07094 FORMER COMPANY: FORMER CONFORMED NAME: SASSCO FASHIONS LTD /DE/ DATE OF NAME CHANGE: 19970714 FORMER COMPANY: FORMER CONFORMED NAME: SASSCO FASHIONS LTD DATE OF NAME CHANGE: 19970402 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BAY HARBOUR MANAGEMENT LC CENTRAL INDEX KEY: 0001049310 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 593418243 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 777 SOUTH HARBOUR ISLAND BLVD CITY: TAMPA STATE: FL ZIP: 33602 BUSINESS PHONE: 8132721992 MAIL ADDRESS: STREET 1: 777 SOUTH HARBOUR ISLAND BLVD CITY: TAMPA STATE: FL ZIP: 33602 SC 13G 1 SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 -------------- SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) Kasper A.S.L., LTD. ---------------------------------------- (Name of Issuer) Common Stock, Par Value $.01 Per Share ---------------------------------------- (Title of Class of Securities) 485808109 ---------------------------------------- (CUSIP Number) December 31, 1998 ---------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) The information required in the remainder of this cover page (except any items to which the form provides a cross-reference) 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. - ---------------------- --------------------- CUSIP No. 485808109 13G Page 2 of 10 Pages - ---------------------- --------------------- - -------------------------------------------------------------------------------- 1 Name of Reporting Person Steven A. Van Dyke I.R.S. Identification No. of Above Person Not applicable - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 5 Sole Voting Power Number of Shares 0 ------------------------------------------------------------------ Beneficially 6 Shared Voting Power Owned by 379,571 ------------------------------------------------------------------ Each 7 Sole Dispositive Power Reporting 0 ------------------------------------------------------------------ Person With 8 Shared Dispositive Power 379,571 - -------------------------------------------------------------------------------- 9 Aggregate Amount Beneficially Owned by Each Reporting Person 379,571 - -------------------------------------------------------------------------------- 10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] - -------------------------------------------------------------------------------- 11 Percent of Class Represented by Amount in Row (9) 5.58% - -------------------------------------------------------------------------------- 12 Type of Reporting Person IN, HC - -------------------------------------------------------------------------------- - ---------------------- --------------------- CUSIP No. 485808109 13G Page 3 of 10 Pages - ---------------------- --------------------- - -------------------------------------------------------------------------------- 1 Name of Reporting Person Douglas P. Teitelbaum I.R.S. Identification No. of Above Person Not applicable - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 5 Sole Voting Power Number of Shares 0 ------------------------------------------------------------------ Beneficially 6 Shared Voting Power Owned by 379,571 ------------------------------------------------------------------ Each 7 Sole Dispositive Power Reporting 0 ------------------------------------------------------------------ Person With 8 Shared Dispositive Power 379,571 - -------------------------------------------------------------------------------- 9 Aggregate Amount Beneficially Owned by Each Reporting Person 379,571 - -------------------------------------------------------------------------------- 10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] - -------------------------------------------------------------------------------- 11 Percent of Class Represented by Amount in Row (9) 5.58% - -------------------------------------------------------------------------------- 12 Type of Reporting Person IN, HC - -------------------------------------------------------------------------------- - ---------------------- --------------------- CUSIP No. 485808109 13G Page 4 of 10 Pages - ---------------------- --------------------- - -------------------------------------------------------------------------------- 1 Name of Reporting Person Tower Investment Group, Inc. I.R.S. Identification No. of Above Person 59-2924229 - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Citizenship or Place of Organization Florida - -------------------------------------------------------------------------------- 5 Sole Voting Power Number of Shares 379,571 ------------------------------------------------------------------ Beneficially 6 Shared Voting Power Owned by 0 ------------------------------------------------------------------ Each 7 Sole Dispositive Power Reporting 379,571 ------------------------------------------------------------------ Person With 8 Shared Dispositive Power 0 - -------------------------------------------------------------------------------- 9 Aggregate Amount Beneficially Owned by Each Reporting Person 379,571 - -------------------------------------------------------------------------------- 10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] - -------------------------------------------------------------------------------- 11 Percent of Class Represented by Amount in Row (9) 5.58% - -------------------------------------------------------------------------------- 12 Type of Reporting Person HC - -------------------------------------------------------------------------------- - ---------------------- --------------------- CUSIP No. 485808109 13G Page 5 of 10 Pages - ---------------------- --------------------- - -------------------------------------------------------------------------------- 1 Name of Reporting Person Bay Harbour Management, L.C. I.R.S. Identification No. of Above Person 59-3418243 - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Citizenship or Place of Organization Florida - -------------------------------------------------------------------------------- 5 Sole Voting Power Number of Shares 379,571 ------------------------------------------------------------------ Beneficially 6 Shared Voting Power Owned by 0 ------------------------------------------------------------------ Each 7 Sole Dispositive Power Reporting 379,571 ------------------------------------------------------------------ Person With 8 Shared Dispositive Power 0 - -------------------------------------------------------------------------------- 9 Aggregate Amount Beneficially Owned by Each Reporting Person 379,571 - -------------------------------------------------------------------------------- 10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] - -------------------------------------------------------------------------------- 11 Percent of Class Represented by Amount in Row (9) 5.58% - -------------------------------------------------------------------------------- 12 Type of Reporting Person IA - -------------------------------------------------------------------------------- - ---------------------- --------------------- CUSIP No. 485808109 13G Page 6 of 10 Pages - ---------------------- --------------------- Item 1(a) Name of Issuer: Kasper A.S.L., Ltd. (the "Issuer") Item 1(b) Address of Issuer's Principal Executive Offices: 77 Metro Way Secaucus, New Jersey 07094 Item 2(a) Name of Person(s) Filing: Bay Harbour Management, L.C. ("Bay Harbour"), Tower Investment Group, Inc. ("Tower"), as the majority stockholder of Bay Harbour, Steven A. Van Dyke ("Mr. Van Dyke"), in his capacity as a stockholder and President of Tower, and Douglas P. Teitelbaum ("Mr. Teitelbaum"), in his capacity as a stockholder of Tower. Item 2(b) Address of Principal Business Office: The principal business address of Bay Harbour, Tower and Mr. Van Dyke is 777 South Harbour Island Boulevard, Suite 270, Tampa, Florida 33602. Mr. Teitelbaum's principal business address is 885 Third Avenue, 34th Floor, New York, NY 10022. Item 2(c) Citizenship: Bay Harbour - Florida Tower - Florida Mr. Van Dyke - United States Mr. Teitelbaum - United States Item 2(d) Title of Class of Securities: Common Stock, par value $.01 per share, of Kasper A.S.L., LTD. ("Kasper Common Stock"). Item 2(e) CUSIP Number: 485808109 Item 3 The person(s) filing is (are): Bay Harbour is an investment adviser registered under Section 203 of the Investment Advisers Act of 1940. - ---------------------- --------------------- CUSIP No. 485808109 13G Page 7 of 10 Pages - ---------------------- --------------------- Tower is a parent holding company of Bay Harbour. Mr. Van Dyke is a "parent holding company" of Bay Harbour. Mr. Teitelbaum is a "parent holding company" of Bay Harbour. Item 4(a) Amount Beneficially Owned: As of December 31, 1998, Bay Harbour may be deemed to be the beneficial owner of 379,571 shares of the Kasper Common Stock as a result of voting and dispositive power that it held with respect to the 379,571 shares of the Kasper Common Stock held for the account of five private investment funds and four managed accounts. As of December 31, 1998, Tower may be deemed to be the beneficial owner of the 379,571 shares of the Kasper Common Stock deemed to be beneficially owned by Bay Harbour referred to above. Tower is the majority stockholder of Bay Harbour. As of December 31, 1998, Mr. Van Dyke may be deemed beneficial owner of 379,571 shares of Kasper Common Stock deemed to be beneficially owned by Bay Harbour as referred to above. Mr. Van Dyke is a stockholder and President of Tower. As of December 31, 1998, Mr. Teitelbaum may be deemed the beneficial owner of 379,571 shares of Kasper Common Stock deemed to be beneficially owned by Bay Harbour as referred to above. Mr. Teitelbaum is a stockholder of Tower. Item 4(b) Percent of Class: 5.58% Item 4(c) Number of shares as to which Bay Harbour has: (i) sole power to vote or direct the vote: 379,571 (ii) shared power to vote or to direct the vote: 0 (iii) the sole power to dispose of or to direct the disposition of: 379,571 (iv) shared power to dispose of or to direct the disposition of: 0 Bay Harbour does not currently possess any rights to acquire additional shares of the Kasper Common Stock. - ---------------------- --------------------- CUSIP No. 485808109 13G Page 8 of 10 Pages - ---------------------- --------------------- Number of shares as to which Tower has: (i) sole power to vote or direct the vote: 379,571 (ii) shared power to vote or to direct the vote: 0 (iii) the sole power to dispose of or to direct the disposition of: 379,571 (iv) shared power to dispose of or to direct the disposition of: 0 Tower does not currently possess any rights to acquire additional shares of Kasper Common Stock. Number of shares as to which Mr. Van Dyke has: (i) sole power to vote or direct the vote: 0 (ii) shared power to vote or to direct the vote: 379,571 (iii) the sole power to dispose of or to direct the disposition of: 0 (iv) shared power to dispose of or to direct the disposition of: 379,571 Mr. Van Dyke does not currently possess any rights to acquire additional shares of Kasper Common Stock. Number of shares as to which Mr. Teitelbaum has: (i) sole power to vote or direct the vote: 0 (ii) shared power to vote or to direct the vote: 379,571 (iii) the sole power to dispose of or to direct the disposition of: 0 (iv) shared power to dispose of or to direct the disposition of: 379,571 Mr. Teitelbaum does not currently possess any rights to acquire additional shares of Kasper Common Stock. Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than 5% on Behalf of Another Person. The limited partners of the partnerships and the investors in the managed accounts for which Bay Harbour acts as an investment adviser have the right to participate in the receipt of dividends from, or proceeds from the sale of, securities held by their funds or accounts, as the case may be. No such fund, single limited partner of any of such funds nor any investor in a managed account holds a beneficial interest in the Kasper Common Stock which would cause such person to be deemed the beneficial owner of more than five - ---------------------- --------------------- CUSIP No. 485808109 13G Page 9 of 10 Pages - ---------------------- --------------------- percent of the outstanding Kasper Common Stock. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See Item 3 hereof. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of the Group. Not applicable. Item 10. Certification. By signing below each of the undersigned certifies that, to the best of such person's knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect. - ---------------------- --------------------- CUSIP No. 485808109 13G Page 10 of 10 Pages - ---------------------- --------------------- SIGNATURE After reasonable inquiry and to the best of their knowledge and belief, each of the undersigned certify that the information set forth in this statement is true, complete and correct. Date: February 11, 1999 BAY HARBOUR MANAGEMENT, L.C. By: /s/ Steven A. Van Dyke ___________________________________ Name: Steven A. Van Dyke Title: President Date: February 11, 1999 TOWER INVESTMENT GROUP, INC. By: /s/ Steven A. Van Dyke __________________________________ Name: Steven A. Van Dyke Title: President /s/ Steven A. Van Dyke Date: February 11, 1999 _____________________________________ Steven A. Van Dyke /s/ Douglas P. Teitelbaum Date: February 11, 1999 _____________________________________ Douglas P. Teitelbaum Exhibit Index Exhibit I Joint Filing Agreement, dated February 11, 1999, by and among Bay Harbour Management, L.C., Tower Investment Group, Inc., Steven A. Van Dyke and Douglas P. Teitelbaum. EX-99.1 2 JOINT FILING AGREEMENT Exhibit I Joint Filing Agreement The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that it knows or has reason to believe that such information is inaccurate. This Agreement may be executed in counterparts and each of such counterparts taken together shall constitute one and the same instrument. Date: February 11, 1999 BAY HARBOUR MANAGEMENT, L.C. By: /s/ Steven A. Van Dyke ____________________________________ Name: Steven A. Van Dyke Title: President Date: February 11, 1999 TOWER INVESTMENT GROUP, INC. By: /s/ Steven A. Van Dyke ____________________________________ Name: Steven A. Van Dyke Title: President /s/ Steven A. Van Dyke Date: February 11, 1999 ________________________________________ Steven A. Van Dyke /s/ Douglas P. Teitelbaum Date: February 11, 1999 ________________________________________ Douglas P. Teitelbaum -----END PRIVACY-ENHANCED MESSAGE-----