-----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, Jau5zxsfZHaiITFcxTU/WpTYthY7xeivKt100vVd/uza9dWh9DtQfui9VRpPYWTG G2OG8T5JP3HRcvia2zaCkg== 0000902664-99-000575.txt : 19991104 0000902664-99-000575.hdr.sgml : 19991104 ACCESSION NUMBER: 0000902664-99-000575 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19991103 GROUP MEMBERS: ORBIS ASSET MANAGEMENT LIMITED GROUP MEMBERS: ORBIS INVESTMENT MANAGEMENT LIMITED GROUP MEMBERS: ORBIS INVESTMENT MANAGEMENT LTD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CIRCUIT CITY STORES INC CENTRAL INDEX KEY: 0000104599 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-RADIO TV & CONSUMER ELECTRONICS STORES [5731] IRS NUMBER: 540493875 STATE OF INCORPORATION: VA FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-19084 FILM NUMBER: 99740564 BUSINESS ADDRESS: STREET 1: 9950 MAYLAND DR CITY: RICHMOND STATE: VA ZIP: 23233 BUSINESS PHONE: 8045274000 MAIL ADDRESS: STREET 1: 9950 MAYLAND DRIVE CITY: RICHMOND STATE: VA ZIP: 23233 FORMER COMPANY: FORMER CONFORMED NAME: WARDS CO INC DATE OF NAME CHANGE: 19840620 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ORBIS INVESTMENT MANAGEMENT LTD CENTRAL INDEX KEY: 0000940594 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: ORBIS LPG BLDG STREET 2: 34 BERMUDIANA ROAD CITY: HAMILTON HM11 BERMUD STATE: D0 MAIL ADDRESS: STREET 1: ORBIS LPG BLDG STREET 2: 34 BERMUDIANA ROAD CITY: HAMILTON HM11 BERMUD STATE: D0 SC 13G 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ SCHEDULE 13G (Rule 13d-102) ________________ INFORMATION TO BE INCLUDED IN STATEMENTS PURSUANT TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. ___)* CIRCUIT CITY STORES, INC. (Name of Issuer) Car Max Group Common Stock, $0.50 par value (Title of Class of Securities) 172737306 (CUSIP Number) October 27, 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: [ ] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] Rule 13d-1(d) ___________ * 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 the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 172737306 Page 2 of 5 Pages 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ORBIS INVESTMENT MANAGEMENT LIMITED 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) X 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda 5 SOLE VOTING POWER 1,557,000 6 SHARED VOTING POWER NUMBER OF SHARES NONE BENEFICIALLY OWNED BY 7 SOLE DISPOSITIVE POWER EACH REPORTING 1,557,000 PERSON WITH 8 SHARED DISPOSITIVE POWER NONE 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,557,000 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [X] 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.5% 12 TYPE OF REPORTING PERSON* IA *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 172737306 Page 3 of 5 Pages 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ORBIS ASSET MANAGEMENT LIMITED 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) X 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda 5 SOLE VOTING POWER 97,000 6 SHARED VOTING POWER NUMBER OF SHARES NONE BENEFICIALLY OWNED BY 7 SOLE DISPOSITIVE POWER EACH REPORTING 97,000 PERSON WITH 8 SHARED DISPOSITIVE POWER NONE 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 97,000 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [X] 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.4% 12 TYPE OF REPORTING PERSON* IA *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 172737306 Page 4 of 5 Pages SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Schedule 13G Under the Securities Exchange Act of 1934 Item 1(a) Name of Issuer: Circuit City Stores, Inc. Item 1(b) Address of Issuer's Principal Executive Offices: 9950 Mayland Drive Richmond, VA 23233 Item 2(a) Name of Person(s) Filing: Orbis Investment Management Limited Orbis Asset Management Limited Item 2(b) Address of Principal Business Office: 34 Bermudiana Road Hamilton HM11 Bermuda Item 2(c) Citizenship: N/A Item 2(d) Title of Class of Securities: CarMax Group Common Stock Item 2(e) CUSIP Number: 172737306 Item 3 The person(s) filing is(are): If this statement is filed pursuant to Rule 13d-1(c), check this box [X] Item 4 Ownership Orbis Investment Management Limited ("OIML") and Orbis Asset Management Limited ("OAML") are together making this filing because they may be deemed to constitute a "group" for the purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Information with respect to each of OIML and OAML (collectively, the "Reporting Persons") is given solely by such Reporting Person and no Reporting Person has responsibility for the accuracy or completeness of information supplied by the other Reporting Person. OIML is the beneficial owner of 1,557,000 shares or 6.5% of the 23,960,463 shares of CarMax Group Common Stock believed to be outstanding. OIML disclaims beneficial ownership of the 97,000 shares of CarMax Group Common Stock beneficially owned by OIAL. OIAL is the beneficial owner of 97,000 shares or 0.4% of the 23,960,463 shares of CarMax Group Common Stock believed to be outstanding. OIAL disclaims beneficial ownership of the 1,557,000 shares of CarMax Group Common Stock beneficially owned by OIML. CUSIP No. 172737306 Page 5 of 5 Pages Item 5 Ownership of 5% or Less of a Class: N/A Item 6 Ownership of More than 5% on Behalf of Another Person: Orbis Global Equity Fund Limited has the right to receive dividends from, or the proceeds from the sale of, the 1,557,000 shares of CarMax Group Common Stock beneficially owned by OIML. Orbis Optimal Global Fund LP has the right to receive dividends from, or the proceeds from the sale of, the 97,000 shares of CarMax Group Common Stock beneficially owned by OIAL. Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company: N/A Item 8 Identification and Classification of Members of the Group: N/A Item 9 Notice of Dissolution of the Group: N/A Item 10 Certification By signing below the undersigned certify that to the best of our 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 such purpose or effect. Signatures After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Date: November 3, 1999 ORBIS INVESTMENT MANAGEMENT LIMITED BY: /s/ James J. Dorr General Counsel and Secretary ORBIS ASSET MANAGEMENT LIMITED BY: /s/ James J. Dorr General Counsel and Secretary Continued on next page -----END PRIVACY-ENHANCED MESSAGE-----