-----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, KCNWRVZteBhTvJwIKjtk36oZGrEN3jBabYpIMp0rNc7x7VSBQ39T9NuqhZ2zawdI /6yIAJcdb8LOyvzzfL1szw== 0000950146-99-001076.txt : 19990510 0000950146-99-001076.hdr.sgml : 19990510 ACCESSION NUMBER: 0000950146-99-001076 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990507 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/A SEC ACT: SEC FILE NUMBER: 005-51155 FILM NUMBER: 99613605 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/A 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/A 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------------------- SCHEDULE 13G (Amendment No. 1) (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) April 5, 1999 - -------------------------------------------------------------------------------- (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 9 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 - -------------------------------------------------------------------------------- Number of Shares | 5 | Sole Voting Power | | 0 ----------------------------------------------------------- Beneficially Owned | 6 | Shared Voting Power by | | 760,771 ----------------------------------------------------------- Each Reporting | 7 | Sole Dispositive Power | | 0 ----------------------------------------------------------- Person With | 8 | Shared Dispositive Power | | 760,771 - -------------------------------------------------------------------------------- 9 | Aggregate Amount Beneficially Owned by Each Reporting Person | 760,771 - -------------------------------------------------------------------------------- 10 | Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares | [ ] - -------------------------------------------------------------------------------- 11 | Percent of Class Represented by Amount in Row (9) | 11.19% - -------------------------------------------------------------------------------- 12 | Type of Reporting Person | IN, HC - -------------------------------------------------------------------------------- - ------------------- ----------------- CUSIP No. 485808109 13G Page 3 of 9 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 - -------------------------------------------------------------------------------- Number of Shares | 5 | Sole Voting Power | | 0 ----------------------------------------------------------- Beneficially Owned | 6 | Shared Voting Power by | | 760,771 ----------------------------------------------------------- Each Reporting | 7 | Sole Dispositive Power | | 0 ----------------------------------------------------------- Person With | 8 | Shared Dispositive Power | | 760,771 - -------------------------------------------------------------------------------- 9 | Aggregate Amount Beneficially Owned by Each Reporting Person | 760,771 - -------------------------------------------------------------------------------- 10 | Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares | [ ] - -------------------------------------------------------------------------------- 11 | Percent of Class Represented by Amount in Row (9) | 11.19% - -------------------------------------------------------------------------------- 12 | Type of Reporting Person | IN, HC - -------------------------------------------------------------------------------- - ------------------- ----------------- CUSIP No. 485808109 13G Page 4 of 9 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 - -------------------------------------------------------------------------------- Number of Shares | 5 | Sole Voting Power | | 760,771 ----------------------------------------------------------- Beneficially Owned | 6 | Shared Voting Power by | | 0 ----------------------------------------------------------- Each Reporting | 7 | Sole Dispositive Power | | 760,771 ----------------------------------------------------------- Person With | 8 | Shared Dispositive Power | | 0 - -------------------------------------------------------------------------------- 9 | Aggregate Amount Beneficially Owned by Each Reporting Person | 760,771 - -------------------------------------------------------------------------------- 10 | Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares | [ ] - -------------------------------------------------------------------------------- 11 | Percent of Class Represented by Amount in Row (9) | 11.19% - -------------------------------------------------------------------------------- 12 | Type of Reporting Person | HC - -------------------------------------------------------------------------------- - ------------------- ----------------- CUSIP No. 485808109 13G Page 5 of 9 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 - -------------------------------------------------------------------------------- Number of Shares | 5 | Sole Voting Power | | 760,771 ----------------------------------------------------------- Beneficially Owned | 6 | Shared Voting Power by | | 0 ----------------------------------------------------------- Each Reporting | 7 | Sole Dispositive Power | | 760,771 ----------------------------------------------------------- Person With | 8 | Shared Dispositive Power | | 0 - -------------------------------------------------------------------------------- 9 | Aggregate Amount Beneficially Owned by Each Reporting Person | 760,771 - -------------------------------------------------------------------------------- 10 | Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares | [ ] - -------------------------------------------------------------------------------- 11 | Percent of Class Represented by Amount in Row (9) | 11.19% - -------------------------------------------------------------------------------- 12 | Type of Reporting Person | IA - -------------------------------------------------------------------------------- - ------------------- ----------------- CUSIP No. 485808109 13G Page 6 of 9 Pages - ------------------- ----------------- This Amendment No. 1 amends and supplements the Statement on Schedule 13G, originally filed with the Securities and Exchange Commission on February 16, 1999 (the "Schedule 13G"), by 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 (Bay Harbour, Tower, Mr. Van Dyke and Mr. Teitelbaum are collectively, the "Reporting Persons"). Capitalized terms contained herein but not otherwise defined have the meanings ascribed to them in the Schedule 13G. Item 4(a) Amount beneficially owned: Item 4(a) is hereby amended in its entirety to read as follows: As of April 30, 1999, Bay Harbour may be deemed the beneficial owner of 760,771 shares of Kasper Common Stock as a result of voting and dispositive power that it held with respect to the 760,771 shares of Kasper Common Stock held for the account of five private investment funds and four managed accounts. As of April 30, 1999, Tower may be deemed the beneficial owner of 760,771 shares of Kasper Common Stock deemed to be beneficially owned by Bay Harbour referred to above. Tower is the majority stockholder of Bay Harbour. As of April 30, 1999, Mr. Van Dyke may be deemed the beneficial owner of 760,771 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 April 30, 1999, Mr. Teitelbaum may be deemed the beneficial owner of 760,771 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: Item 4(b) is hereby amended in its entirety to read as follows: 11.19% Item 4(c) Number of shares as to which Bay Harbour has: Item 4(c) is hereby amended in its entirety to read as follows (i) sole power to vote or direct the vote: 760,771 (ii) shared power to vote or to direct the vote: 0 (iii) the sole power to dispose of or to direct the disposition of: 760,771
- ------------------- ----------------- CUSIP No. 485808109 13G Page 7 of 9 Pages - ------------------- ----------------- (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 Kasper Common Stock. Number of shares as to which Tower has: (i) sole power to vote or direct the vote: 760,771 (ii) shared power to vote or to direct the vote: 0 (iii) the sole power to dispose of or to direct the disposition of: 760,771 (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: 760,771 (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: 760,771 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: 760,771 (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: 760,771 Mr. Teitelbaum does not currently possess any rights to acquire additional shares of Kasper Common Stock. - ------------------- ----------------- CUSIP No. 485808109 13G Page 8 of 9 Pages - ------------------- ----------------- 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 9 of 9 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: May 5, 1999 BAY HARBOUR MANAGEMENT, L.C. By: /s/ Steven A. Van Dyke ------------------------- Name: Steven A. Van Dyke Title: President Date: May 5, 1999 TOWER INVESTMENT GROUP, INC. By: /s/ Steven A. Van Dyke ------------------------- Name: Steven A. Van Dyke Title: President Date: May 5, 1999 /s/ Steven A. Van Dyke ----------------------------- Steven A. Van Dyke Date: May 5, 1999 /s/ Douglas P. Teitelbaum ----------------------------- Douglas P. Teitelbaum -----END PRIVACY-ENHANCED MESSAGE-----