0001038494-11-000042.txt : 20111121
0001038494-11-000042.hdr.sgml : 20111121
20111121101355
ACCESSION NUMBER: 0001038494-11-000042
CONFORMED SUBMISSION TYPE: SC 13D
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20111121
DATE AS OF CHANGE: 20111121
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: Gidumal Steven L
CENTRAL INDEX KEY: 0001381650
FILING VALUES:
FORM TYPE: SC 13D
MAIL ADDRESS:
STREET 1: C/O RESURGENCE ASSET MANAGEMENT, LLC
STREET 2: 10 NEW KING STREET
CITY: WHITE PLAINS
STATE: NY
ZIP: 10604
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: Golden Gate Homes, Inc.
CENTRAL INDEX KEY: 0001328208
STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770]
IRS NUMBER: 870745202
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-81726
FILM NUMBER: 111217968
BUSINESS ADDRESS:
STREET 1: 14 WALL STREET
STREET 2: 20TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10005
BUSINESS PHONE: (212) 385-0955
MAIL ADDRESS:
STREET 1: 14 WALL STREET
STREET 2: 20TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10005
FORMER COMPANY:
FORMER CONFORMED NAME: JK Acquisition Corp.
DATE OF NAME CHANGE: 20050524
SC 13D
1
schedule13d.txt
SCHEDULE 13D GOLDEN GATE HOMES, INC. 11/18/2011
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
GOLDEN GATE HOMES, INC.
(formerly "JK ACQUISITION CORP.")
(Name of Issuer)
Common Stock, par value $.0001 per share
(Title of Class of Securities)
381047 10 9
(CUSIP Number)
Steven Gidumal
14 Wall Street, 20th Floor
New York, New York 10005
212-385-0955
(Name, Address, and Telephone Number of Person Authorized
to Receive Notices and Communications)
October 7, 2011
(Date of Event which Requires Filing of this Statement)
If this filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Sections 13d-1(e), Sections 13d-1(f), or Sections 13d-1(g),
check the following box [ ].
*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. 381047 10 9
________________________________________________________________________________
1) Names of Reporting Person
Steven Gidumal
S.S. or I.R.S. Identification No. of Above Person (entities only)
_______________________________________________________________________________
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
________________________________________________________________________________
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)
N/A
________________________________________________________________________________
6) Citizenship or place of Organization:
USA
________________________________________________________________________________
(7) Sole Voting Power
Number of 1,173,435
Shares
Bene-
ficially __________________________________________________________
owned by (8) Shared Voting Power
Each -0-
Reporting
Person __________________________________________________________
With (9) Sole Dispositive Power
1,173,435
__________________________________________________________
(10) Shared Dispositive Power
-0-
________________________________________________________________________________
11) Aggregate Amount Beneficially Owned by Each Reporting Person:
1,173,435
________________________________________________________________________________
12) Check if the Aggregate Amount in Row (11) excludes certain shares:
[ ]
________________________________________________________________________________
13) Percent of Class Represented by Amount in Box (11):
30.58%
________________________________________________________________________________
14) Type of Reporting Person
IN
PURPOSES OF AMENDMENT
This Amendment No. 1 to Schedule 13D supplements and amends an initial
Schedule 13D filed on January 15, 2010 (the "Initial Statement") by GGH, Inc.
(formerly "Golden Gate Homes, Inc."), Steven Gidumal, Brandon Birtcher and Tim
Wilkens. This Amendment No. 1 is being filed to report a change in the
beneficial ownership in Mr. Gidumal's ownership due to the distribution of all
of the shares held by GGH, Inc. to Messrs Gidumal, Birtcher, and two trusts of
which Mr. Wilkens is the trustee. Commencing with this Amendment No. 1 and
continuing into the future, any changes in Mr. Gidumal's ownership requiring
further amendments will be reported by Mr. Gidumal individually and not in
conjunction with Messrs. Birtcher or Wilkens, or anyone else.
ITEM 1. Security and Issuer
Item 1 of the Initial Statement is being amended to read in its entirety as
follows:
"The class of equity securities to which this statement relates is the
Common Stock ($.0001 par value) (the "Common Stock") of Golden Gate
Homes, Inc. (formerly JK Acquisition Corp.), a company incorporated
under the laws of the state of Delaware (the "Company"), which has its
principal executive offices at 14 Wall Street, 20th Floor, New York,
New York 10005."
ITEM 2. Identity and Background
Item 2 of the Initial Statement is being amended to read in its entirety as
follows:
"Item 2(a) Name:
This Statement is filed by Steven Gidumal as the beneficial owner of
1,173,435 shares of Common Stock. The preceding number of shares
makes Mr. Gidumal a 30.58% beneficial owner of the shares of Common
Stock.
Item 2(b) Residence or business address:
The principal business address of the Reporting Person is 14 Wall Street,
20th Floor, New York, New York 10005.
Item 2(c) Principal occupation:
The Reporting Person is the Company's Chairman of the Board, Chief
Executive Officer & Chief Financial Officer and has been principally
engaged as founder, President and Portfolio Manager for Virtus Capital,
a firm based in New York City and Orlando, Florida that invests in
the securities of companies in distressed and restructuring situations,
including a variety of real estate and financial institutions.
Item 2(d) Convictions:
During the last five years, the Reporting Person has not been convicted in
a criminal proceeding.
Item 2(e) Proceedings:
During the last five years, the Reporting Person has not been a party to a
civil proceeding of a judicial or administrative body of competent
jurisdiction that, as a result of such proceeding, subjected the
Reporting Person 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.
Item 2(f) Citizenship:
The Reporting Person is a United States citizen."
ITEM 3. Source and Amount of Funds or Other Consideration
Item 3 of the Initial Statement is being amended to read in its entirety as
follows:
"The Reporting Person acquired the 1,173,435 shares of Common Stock giving
rise to the filing of this statement directly from GGH, Inc. (formerly
"Golden Gate Homes, Inc."), in connection with this entity's
distribution of all of its Common Stock to its stockholders without the
payment of any consideration. GGH, Inc. had previously acquired these
shares in a private transaction for the payment of a per-share purchase
price of $ 0.26 with the use of GGH, Inc.'s own funds."
ITEM 4. Purpose of Transaction
Item 4 of the Initial Statement is being amended to read in its entirety as
follows:
"The Reporting Person acquired the shares of Common Stock that are the
subject of this Schedule 13D in connection with the distribution by GGH,
Inc. (formerly "Golden Gate Homes, Inc.") of all of its Common Stock
to its stockholders without the payment of any consideration.
The Reporting Person acquired, and the Reporting Person intends to hold, his
shares of Common Stock for investment, and does not have any present plans or
proposals which relate to or would result in: (i) any acquisition by any person
of additional securities of the Company, or any disposition of securities of the
Company; (ii) any extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Company or any of its subsidiaries;
(iii) any sale or transfer of a material amount of assets of the Company or any
of its subsidiaries; (iv) any change in the present board of directors or
management of the Company, including any plans or proposals to change the number
or term of directors or to fill any existing vacancies on the board, except to
fill a current vacancy in the Board of Directors; (v) any material change in the
present capitalization or dividend policy of the Company; (vi) any other
material change in the Company's business or corporate structure; (vii) any
changes in the Company's charter, by-laws, or other instruments corresponding
thereto or other actions which may impede the acquisition of control of the
Company by any person; (viii) any delisting from a national securities exchange
or any loss of authorization for quotation in an inter-dealer quotation system
of a registered national securities association of a class of securities of the
Company; (ix) any termination of registration pursuant to section 12(g)(4) of
the Act of a class of equity securities of the Company; or (x) any action
similar to any of those enumerated above.
Notwithstanding anything else contained herein, the Reporting Person may
determine to change his investment intent with respect to the Company at any
time in the future. In reaching any conclusion as to his future course of
action, the Reporting Person will take into consideration various factors, such
as the Company's business and prospects, other developments concerning the
Company, other business opportunities available to the Reporting Person,
developments with respect to the business of the Reporting Person, and general
economic and stock market conditions, including, but not limited to, the market
price of the Common Stock. The Reporting Person may, depending on other
relevant factors, acquire additional shares of Common Stock in open market or
privately negotiated transactions, dispose of all or a portion of his holdings
of shares of Common Stock or change his intention with respect to any or all of
the matters referred to in this Item."
ITEM 5. Interest in Securities of the Issuer
Item 5 of the Initial Statement is being amended to read in its entirety as
follows:
"The Reporting Person owns 1,173,435 shares of Common Stock for which he has
sole voting and investment power and for which he thus is the beneficial owner.
Except for the receipt of Common Stock from GGH, Inc. (formerly "Golden Gate
Homes, Inc.") in connection with this entity's distribution of all of its Common
Stock to its stockholders without the payment of any consideration, the
Reporting Person has not effected any transaction in or with respect to the
Common Stock during the past 60 days."
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: November 18, 2011
By: /S/ Steven Gidumal
---------------------
Steven Gidumal
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative other than an executive
officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT
CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
(SEE 18 U.S.C. 1001).