-----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, G18jPi2SLt9aickEBbHZNJqPogQhuawVkoM2io6eVwt2f6XH7QDHy4q7y7PAxAUo YECta6tTB8RXL9hWRpjTYw== 0000910680-02-000870.txt : 20021104 0000910680-02-000870.hdr.sgml : 20021104 20021104114228 ACCESSION NUMBER: 0000910680-02-000870 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20021104 GROUP MEMBERS: CARMEL HOLDING CO. GROUP MEMBERS: DTI INVESTMENTS, LLC FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CARMEL TRUST CENTRAL INDEX KEY: 0001079443 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 233 S WACKER DRIVE CITY: CHICAGO STATE: IL ZIP: 60606 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DOLLAR THRIFTY AUTOMOTIVE GROUP INC CENTRAL INDEX KEY: 0001049108 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AUTO RENTAL & LEASING (NO DRIVERS) [7510] IRS NUMBER: 731356520 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-52267 FILM NUMBER: 02807684 BUSINESS ADDRESS: STREET 1: 5330 EAST 31ST STREET CITY: TULSA STATE: OK ZIP: 74135 BUSINESS PHONE: 9186607700 MAIL ADDRESS: STREET 1: 5330 EAST 31ST STREET CITY: TULSA STATE: OK ZIP: 74135 SC 13D/A 1 sc13da110102.txt SCHEDULE 13D/A - AMDT. NO. 2 - 11/1/02 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 2) Dollar Thrifty Automotive Group, Inc. ------------------------------------- (Name of Issuer) Common Stock, par value $.01 per share -------------------------------------- (Title of Class of Securities) 256743105 ----------- (CUSIP Number) Louis Freeman, Esq. Richard Rubin, Esq. Skadden, Arps, Slate, Meagher & Flom Jenkens & Gilchrist Parker Chapin 333 West Wacker Drive 405 Lexington Avenue Chicago, Illinois 60606 New York, New York 10174 312-407-0650 212-704-6130 ------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) November 1, 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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [ ] Page 1 of 9 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). The Carmel Trust - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds: N/A - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Governed by the laws of Canada - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power 0 Shares Bene- ------------------------------------------------------ ficially Owned 8. Shared Voting Power 1,723,300 By Each ------------------------------------------------------ Reporting 9. Sole Dispositive Power 0 Person With ------------------------------------------------------ 10. Shared Dispositive Power 1,723,300 - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,723,300 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 7.04% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) OO - -------------------------------------------------------------------------------- Page 2 of 9 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). DTI Investments, LLC - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds: AF - -------------------------------------------------------------------------------- 5. Check 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 0 Shares Bene- ------------------------------------------------------ ficially Owned 8. Shared Voting Power 391,600 By Each ------------------------------------------------------ Reporting 9. Sole Dispositive Power 0 Person With ------------------------------------------------------ 10. Shared Dispositive Power 391,600 - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 391,600 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 1.60% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) OO - -------------------------------------------------------------------------------- Page 3 of 9 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Carmel Holding Co. - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds: AF - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Cayman Islands - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power 0 Shares Bene- ------------------------------------------------------ ficially Owned 8. Shared Voting Power 1,331,700 By Each ------------------------------------------------------ Reporting 9. Sole Dispositive Power 0 Person With ------------------------------------------------------ 10. Shared Dispositive Power 1,331,700 - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,331,700 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 5.44% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- Page 4 of 9 PRELIMINARY NOTE This Amendment No. 2 ("Amendment No. 2") amends the original statement on Schedule 13D filed on October 22, 2001 (the "Original Statement"), as amended by Amendment No. 1 filed on October 28, 2002 by the Carmel Trust, DTI Investments, LLC and Carmel Holding Co. (the "Reporting Persons"). The Original Statement, as amended by Amendment No. 1 and this Amendment No. 2, is referred to collectively as this "statement." This statement is being filed because the Reporting Persons may be deemed to be members of a group that may be deemed to be the beneficial owner in the aggregate of in excess of 5% of the Common Stock, $.01 par value (the "Common Stock"), of Dollar Thrifty Automotive Group, Inc., a Delaware corporation (the "Company"). Notwithstanding the foregoing, the filing of this statement should not be deemed an admission that the filing parties comprise a group within the meaning of Section 13(d)(3) of the Securities and Exchange Act of 1934, as amended. This Amendment No. 2 amends, supplements and restates in whole the following items of this statement to read as follows: ITEM 2. IDENTITY AND BACKGROUND. This statement is being filed jointly pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), by The Carmel Trust, a trust governed by the laws of Canada (`Carmel"), DTI Investments, LLC, a Delaware limited liability company ("DTI"), and Carmel Holding Co., a Cayman Islands corporation ("CHC" and collectively with Carmel and DTI, the "Reporting Persons"). Carmel (which has not made any of the purchases described herein) may be deemed to control each of DTI and CHC (each of which has made purchases described herein) by virtue of its indirect ownership of all of the outstanding membership interests of DTI and all of the outstanding capital stock of CHC. Information with respect to each Reporting Person is given solely by such Reporting Person, no Reporting Person has responsibility for the accuracy or completeness of the information supplied by any other Reporting Person and each Reporting Person agrees that this statement is filed on behalf of such Reporting Person only. Although the Reporting Persons may be deemed to constitute a "group" for the purposes of Rule 13d-3 under the Exchange Act, the filing of this statement should not be deemed an admission that the Reporting Persons are a "group" for such purposes. Carmel is a private investment entity and is currently, and at all relevant times has been, engaged in the business of investing in securities for its own account. Carmel has an address at c/o Skadden, Arps, Slate, Meagher & Flom, 333 West Wacker Drive, Chicago, Illinois 60606. The trustee of Carmel is Chiltern Trustees Limited. The agreement pursuant to which Carmel was established designates certain "Protectors" who must authorize any action taken by the trustee and who have the authority to discharge the trustee and to appoint substitute trustees. By virtue of their positions as such, each of the Protectors may be deemed to control Carmel. Potential beneficiaries of Carmel include certain charitable institutions, and under limited circumstances, certain members of the families of Jules Trump and Eddie Trump who are not citizens or residents of the United States. Page 5 of 9 The principal business of DTI is a holding company that is currently, and at all relevant times has been, engaged in the business of investing in securities for its own account. DTI has an address at 4000 Island Blvd., Williams Island, FL 33160. The principal business of CHC is a holding company that is currently, and at all relevant times has been, engaged in the business of investing in securities for its own account.. CHC has an address at c/o Skadden, Arps, Slate, Meagher & Flom, 333 West Wacker Drive, Chicago, Illinois 60606. The name, business address, and present principal occupation or employment of each of the Protectors and each executive officer and director of the Reporting Persons, and the name, principal business and address of any corporation or other organization in which such employment is conducted, are set forth in Appendix A hereto and incorporated herein by reference. None of Carmel, DTI, CHC, nor any Protector of Carmel or executive officer or director of DTI or CHC, during the last five years, has been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors). None of Carmel, DTI, CHC, nor any Protector of Carmel or executive officer or director of DTI or CHC, during the last five years, has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which proceeding it or he 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. To the best knowledge and belief of the Reporting Persons, the citizenship of each person named in Appendix A is set forth in Appendix A hereto, and is incorporated herein by reference. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. The pledge of the 391,600 shares of Common Stock owned by DTI (which were to be pledged in connection with a prior commitment) has been terminated. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. EXHIBIT NO. DESCRIPTION - ----------- ----------- 1 Joint Filing Agreement dated November 1, 2002 pursuant to Rule 13d-1 (k)(l)(iii) Page 6 of 9 SIGNATURE After reasonable inquiry and to the best of each of the undersigned's knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: November 1, 2002. THE CARMEL TRUST By: Chiltern Trustees Limited as Trustee of The Carmel Trust By: /s/ CG Malet de Carteret --------------------------------- Name: CG Malet de Carteret Title: Managing Director DTI INVESTMENTS, LLC By: /s/ Mark S. Hirsch --------------------------------- Name: Mark S. Hirsch Title: Executive Vice President CARMEL HOLDING CO. By: /s/ Robert Smith --------------------------------- Name: Robert Smith Title: Chairman Page 7 of 9 APPENDIX A Set forth below is the name, present principal occupation or employment, business address and citizenship of each Protector of The Carmel Trust ("Carmel"), and of each director and executive officer of DTI Investments, LLC ("DTI") and Carmel Holding Co. ("CHC").
Principal Name and Occupation Positions Held or Employment Business Address Citizenship - -------------- ------------- ---------------- ----------- Robert Smith Chairman and Chief Carmel Investment Fund Canada Protector of Carmel Executive Officer of Carmel TK House, Bayside Exec Park Chairman, CEO and a Investment Fund and CHC West Bay St. & Blake Road Director of CHC Nassau Bahamas Gerrit van Riemsdijk Retired Beethovenstrasse Switzerland Protector of Carmel Former Chairman of Cantrade Postfach-970 Director of CHC Privatbank AG Zurich Zurich CH8039 Switzerland Saul Tobias Bernstein Chief Executive Officer and a P.O. Box 1234 South Africa Protector of Carmel Director of Laurel Johannesburg, South Africa 2000 Distributors PTY Limited CG Malet de Carteret Managing Director Chiltern Trustees Limited Great Britain Secretary of CHC WJB Chiltern Jersey Limited P.O. Box 148, Third Floor 38 Esplanade St. Helier, Jersey Channel Islands, JE4 8QL Jules Trump Co-Chairman The Trump Group United States Co-Chairman of DTI The Trump Group 4000 Island Boulevard. Williams Island, FL 33160 Eddie Trump Co-Chairman The Trump Group United States Co-Chairman and a The Trump Group 4000 Island Boulevard Director of DTI Williams Island, FL 33160 James M. Lieb Executive Vice President The Trump Group United States Executive Vice President The Trump Group P.O. Box 186 and a Director of DTI East Brunswick, NJ 08816 Mark S. Hirsch Executive Vice President and The Trump Group United States Executive Vice President General Counsel 405 Lexington Avenue of DTI The Trump Group New York, NY 10174
Page 8 of 9 Exhibit 1 Joint Filing Agreement Pursuant to Rule 13d-1(k)(1) of Regulation 13D-G under the Securities Exchange Act of 1934, as amended, we, the signatories of the statement on Schedule 13D to which this Agreement is an exhibit, do hereby agree that such statement is, and any amendments thereto filed by any of us will be, filed on behalf of each of us. Dated: November 1, 2002. THE CARMEL TRUST By: Chiltern Trustees Limited as Trustee of The Carmel Trust By: /s/ CG Malet de Carteret --------------------------------- Name: CG Malet de Carteret Title: Managing Director DTI INVESTMENTS, LLC By: /s/ Mark S. Hirsch --------------------------------- Name: Mark S. Hirsch Title: Executive Vice President CARMEL HOLDING CO. By: /s/ Robert Smith --------------------------------- Name: Robert Smith Title: Chairman Page 9 of 9 -----END PRIVACY-ENHANCED MESSAGE-----