0000910680-11-000321.txt : 20110726 0000910680-11-000321.hdr.sgml : 20110726 20110725195008 ACCESSION NUMBER: 0000910680-11-000321 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20110726 DATE AS OF CHANGE: 20110725 GROUP MEMBERS: COSA-NOVA FASHIONS LIMITED SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WET SEAL INC CENTRAL INDEX KEY: 0000863456 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-WOMEN'S CLOTHING STORES [5621] IRS NUMBER: 330415940 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-41525 FILM NUMBER: 11985717 BUSINESS ADDRESS: STREET 1: 26972 BURBANK CITY: FOOTHILL RANCH STATE: CA ZIP: 92610 BUSINESS PHONE: 7145839029 MAIL ADDRESS: STREET 1: 26972 BURBANK CITY: FOOTHILL RANCH STATE: CA ZIP: 92610 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Cosa - Nova Fashions Ltd CENTRAL INDEX KEY: 0001510457 IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 DUFFLAW ROAD CITY: TORONTO STATE: A6 ZIP: M6A 2W1 BUSINESS PHONE: (416) 789-1071 MAIL ADDRESS: STREET 1: 50 DUFFLAW ROAD CITY: TORONTO STATE: A6 ZIP: M6A 2W1 SC 13G/A 1 sc13ga04202011a1.htm SCHEDULE 13G (AMENDMENT NO. 1) sc13ga04202011a1.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1)*
 
 
 The Wet Seal, Inc.
(Name of Issuer)
 
Common Stock, Class A, $0.10 par value per share
(Title of Class of Securities)
 
 961840105
(CUSIP Number)
 
April 20, 2011
(Date of Event Which Requires Filing of this Statement)
 

 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
  o    Rule 13d-1(b)
       
  x    Rule 13d-1(c)
       
  o    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 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 (the “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).











Page 1 of 6 pages

 
 
 

 
CUSIP No. 961840105
 
 



1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
Cosa – Nova Fashions Limited
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) o
(b) o
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Ontario, Canada
 
NUMBER OF
SHARES
5
SOLE VOTING POWER
2,670,146
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
0
EACH
REPORTING
7
SOLE DISPOSITIVE POWER
2,670,146
PERSON WITH
8
SHARED DISPOSITIVE POWER
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,670,146
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)  o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.63%
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO








Page 2 of 6 pages

 
 
 
 
CUSIP No. 961840105
    

 

Item 1.
      
       
 
(a)
Name of Issuer
       
   
The Wet Seal, Inc.
       
 
(b)
Address of Issuer’s Principal Executive Offices
       
   
26972 Burbank Foothill Ranch, California  92610
       
Item 2.
      
       
 
(a)
Name of Person Filing
  
       
   
Cosa – Nova Fashions Limited
  
       
 
(b)
Address of Principal Business Office, or, if none, Residence
       
   
Cosa – Nova Fashions Limited
  
   
50 Dufflaw Road
  
   
Toronto, Ontario
  
   
M6A 2W1
  
       
 
(c)
Citizenship
  
       
   
Ontario, Canada
  
       
 
(d)
Title of Class of Securities
  
       
   
Common Stock, Class A, $0.10 par value per share
       
 
(e)
CUSIP Number
  
       
   
961840105
  

Item 3.  If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 
(a)-(j):
not applicable
  

Item 4.  Ownership.

 
(a)
Amount beneficially owned:
2,670,146
     
 
(b)
Percent of class:
2.63%








Page 3 of 6 pages

 
 
 
 
CUSIP No. 961840105
    




 
(c)
Number of shares as to which the person has:
           
   
(i)
Sole power to vote or to direct the vote:
2,670,146
           
   
(ii)
Shared power to vote or to direct the vote:
 
0
           
   
(iii)
Sole power to dispose or to direct the disposition of:
  
2,670,146
           
   
(iv)
Shared power to dispose or to direct the disposition of:
  
0

Item 5.  Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following T.


Item 6.  Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

Item 7.  Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.

Not applicable.

Item 8.  Identification and Classification of Member of the Group.

Not applicable.

Item 9.  Notice of Dissolution of Group.

Not applicable.

Item 10.  Certification.

 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 








Page 4 of 6 pages

 
 
 
 
CUSIP No. 961840105
    


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.

 
 
 Date:  July 25, 2011    COSA – NOVA FASHIONS LIMITED  
 
         
         
     By:  /s/ Morley H. Beallor  
      Morley H. Beallor, attorney-in-fact  
         
         








Page 5 of 6 pages
                                                                                                       
 
 
 
 
CUSIP No. 961840105
    


EXHIBIT INDEX
 
 
Exhibit Number

Exhibit 99.1








Page 6 of 6 pages


 EX-99.1 2 ex99_1-sc13ga04202011.htm POWER OF ATTORNEY ex99_1-sc13ga04202011.htm

Exhibit 99.1

FORM ID, SECTION 13(d), SECTION 13(g) and SECTION 16
POWER OF ATTORNEY


COSA - NOVA FASHIONS LIMITED, a corporation incorporated in the Province of Ontario, Canada (the “Corporation”), does hereby constitute and appoint Morley H. Beallor, Susan S. Ancarrow and Seth A. Winter, as the Corporation’s true and lawful attorneys-in-fact, any of whom acting singly is hereby authorized, for the Corporation and in its name and on its behalf, to (i) prepare, execute in its name and on its behalf, and submit to the U.S. Securities and Exchange Commission (the “SEC”) a Form ID, including any necessary amendments thereto, and any other documents necessary or appropriate to obtain codes and passwords enabling the Corporation to make electronic filings with the SEC; (ii) prepare, execute and file any and all forms, instruments or documents, including any necessary amendments thereto, as such attorneys or attorney deems necessary or advisable to enable the Corporation to comply with Section 13(d) of the Securities Exchange Act of 1934 (the “Exchange Act”), Section 13(g) of the Exchange Act, or any rule or regulation of the SEC in respect thereof (collectively, “Sections 13(d) and 13(g)”); and (iii) prepare, execute and file any and all forms, instruments or documents, including any necessary amendments thereto, as such attorneys or attorney deems necessary or advisable to enable the Corporation to comply with Section 16 of the Exchange Act or any rule or regulation of the SEC in respect thereof  (collectively, “Section 16”).

The Corporation does hereby ratify and confirm all acts the Corporation’s said attorneys shall do or cause to be done by virtue hereof, and does hereby acknowledge that the foregoing attorneys-in-fact, serving in such capacity at the Corporation’s request, are not assuming any of the Corporation’s responsibilities to comply with Sections 13(d) and 13(g), or Section 16, or any rules or regulations of the SEC in respect thereof.

This power of attorney shall remain in full force and effect until it is revoked by the Corporation in a signed writing delivered to each such attorney-in-fact or the Corporation is no longer required to comply with Sections 13(d) and 13(g), or with Section 16, whichever occurs first.

WITNESS the execution hereof this 13th day of January, 2011.


COSA - NOVA FASHIONS LIMITED

By:       /s/ Miguel S. Goldgrub                                                                           
Miguel S. Goldgrub, also known as Michael Gold
President and Secretary


Attested by:
/s/ Brooke A. Miller                                                                                     
Brooke A. Miller
Signing Officer, COSA - NOVA FASHIONS LIMITED