0001116679-01-500897.txt : 20011019 0001116679-01-500897.hdr.sgml : 20011019 ACCESSION NUMBER: 0001116679-01-500897 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20011016 GROUP MEMBERS: JEFFREY J. MACKE GROUP MEMBERS: KENNETH A. MACKE GROUP MEMBERS: MACKE ASSET MANAGEMENT, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DUCKWALL ALCO STORES INC CENTRAL INDEX KEY: 0000030302 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-VARIETY STORES [5331] IRS NUMBER: 480201080 STATE OF INCORPORATION: KS FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-43827 FILM NUMBER: 1759879 BUSINESS ADDRESS: STREET 1: 401 COTTAGE STREET CITY: ABILENE STATE: KS ZIP: 67410-0129 BUSINESS PHONE: 9132633350 MAIL ADDRESS: STREET 1: DUCKWALL ALCO STORES INC STREET 2: 401 COTTAGE CITY: ABILENE STATE: KS ZIP: 67410 FORMER COMPANY: FORMER CONFORMED NAME: DUCKWALL STORES INC DATE OF NAME CHANGE: 19781020 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MACKE JEFFREY CENTRAL INDEX KEY: 0001067057 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 2001 UNION ST CITY: SAN FRANCISCO STATE: CA ZIP: 94123 BUSINESS PHONE: 4157756225 MAIL ADDRESS: STREET 1: 2001 UNION ST CITY: SAN FRANCISCO STATE: CA ZIP: 94123 SC 13G 1 m13g.txt 10/16/01 ---------------------------------- OMB APPROVAL ------------ OMB Number 3235-0145 Expires October 31, 2002 Estimated average burden hours per response...............14.9 ---------------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* Duckwall Alco Stores, Inc. -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK -------------------------------------------------------------------------------- (Title of Class Securities) 264142100 ------------------------------------ (CUSIP Number) August 30, 2001 -------------------------------------------------------------------- (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 disclosure 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). Page 2 of 8 Pages ............................. CUSIP No. 264142100 ............................. -------------------------------------------------------------------------------- NAME OF REPORTING PERSONS. 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Macke Asset Management, LLC 94-3325785 -------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) 2 (A) |X| (B) |_| -------------------------------------------------------------------------------- SEC USE ONLY 3 -------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION 4 Delaware -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 157,000 --------------------------------------------------------------- 6 SHARED VOTING POWER NUMBER OF SHARES 384,176 BENEFICIALLY --------------------------------------------------------------- OWNED BY EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON WITH 157,000 --------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 384,176 -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 541,176 -------------------------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 13.0% -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IA -------------------------------------------------------------------------------- Page 3 of 8 Pages ............................. CUSIP No. 264142100 ............................. -------------------------------------------------------------------------------- NAME OF REPORTING PERSONS. 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Jeffrey J. Macke -------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) 2 (A) |X| (B) |_| -------------------------------------------------------------------------------- SEC USE ONLY 3 -------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION 4 USA -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 157,000 --------------------------------------------------------------- 6 SHARED VOTING POWER NUMBER OF SHARES 384,176 BENEFICIALLY --------------------------------------------------------------- OWNED BY EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON WITH 157,000 --------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 384,176 -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 541,176 -------------------------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 13.0% -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN, HC -------------------------------------------------------------------------------- Page 4 of 8 Pages ............................. CUSIP No. 264142100 ............................. -------------------------------------------------------------------------------- NAME OF REPORTING PERSONS. 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Kenneth A. Macke -------------------------------------------------------------------------------- CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) 2 (A) |X| (B) |_| -------------------------------------------------------------------------------- SEC USE ONLY 3 -------------------------------------------------------------------------------- CITIZENSHIP OR PLACE OF ORGANIZATION 4 USA -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 --------------------------------------------------------------- 6 SHARED VOTING POWER NUMBER OF SHARES 384,176 BENEFICIALLY --------------------------------------------------------------- OWNED BY EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON WITH 0 --------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 384,176 -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 384,176 -------------------------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.3% -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN -------------------------------------------------------------------------------- Page 5 of 8 Item 1. (a) Name of Issuer DUCKWALL ALCO STORES, INC. (b) Address of Issuer's Principal Executive Office 401 Cottage Street Abilene, KS 67410-0129 Item 2. (a) Name of Person Filing This statement is being filed by (i) Macke Asset Management, LLC (the "Adviser"), a Delaware limited liability company and an investment adviser registered with the Securities and Exchange Commission, (ii) Jeffrey Macke ("Member"), and (iii) Kenneth A. Macke ("Macke") (collectively, "Reporting Persons"). The Adviser's beneficial ownership of the Common Stock is direct as a result of IA's discretionary authority to buy, sell, and vote shares of such Common Stock for its investment advisory clients. Member's beneficial ownership of Common Stock is indirect as a result of Member's sole membership of IA. Member also has direct beneficial ownership. The beneficial ownership of Member is reported solely because Rules 13d-1(a) and (b) under the Securities Exchange Act of 1934, as amended, require any person who is "directly or indirectly" the beneficial owner of more than five percent of any equity security of a specified class to file a Schedule 13G within the specified time period. Information with respect to each Reporting Person is given solely by the respective Reporting Person, and no Reporting Person undertakes hereby any responsibility for the accuracy or completeness of such information concerning any other Reporting Person. (b) Address of Principal Business Office or, if none, Residence The Adviser's, Member's and Macke's principal business office is located at: 2001 Union Street, #320, San Francisco, California 94123 (c) Citizenship Item 4 of each cover page is incorporated by reference. (d) Title of Class of Securities Common (e) CUSIP Number 264142100 Page 6 of 8 Item 3 If this statement is filed pursuant to Sections 240.13d(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) |_| Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) |_| Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c) (c) |_| Insurance Company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) |_| Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) |_| An investment adviser in accordance with Section 240.13D-1(b)(1)(ii)(E); (f) |_| An employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(10(ii)(F); (g) |_| A parent holding company or control person in accordance with Section 249,13d-1(b)(1)(iii)(G); (h) |_| A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813) (i) |_| A church plan that is excluded from the definition of an investment company under section 3(c)(114) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) |_| Group, in accordance with Section 240.13d-1(b)(1)(ii)(J). Item 4. Ownership Common Stock: Items 5-9 and 11 of each cover sheet are incorporated by reference. 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 |_|. Item 6. Ownership of More than Five Percent on Behalf of Another Person The Adviser, a registered investment adviser, and Member have the right or the power to direct the receipt of dividends from Common Stock, and to direct the receipt of proceeds from the sale of Common Stock to the Adviser's investment advisory clients. Member is a director of the Issuer. Macke, an advisory client of Adviser, owns more than 5% of the Common Stock Page 7 of 8 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 Members of the Group See Exhibit A. Item 9 Notice of Dissolution of Group Not applicable. Item 10. Certification (b) The following certification shall be included if the statement is filed pursuant to 240.13d-l (c): By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were 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. 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: September 20, 2001 MACKE ASSET MANAGEMENT, LLC By: /s/ Jeffrey Macke ------------------------------- Jeffrey J. Macke, Managing Member /s/ Jeffrey Macke ------------------------------------ Jeffrey J. Macke /s/ Jeffrey Macke ------------------------------------ Kenneth A. Macke By: Jeffrey J. Macke, Attorney-in-fact Custodianship, Irrevocable Proxy & Power of Attorney, dated July 27, 1998 filed as Exhibit to Schedule 13D on August 7, 1998 Page 8 of 8 EXHIBIT A --------- Joint Filing Agreement Pursuant to Rule 13d-1 --------------------------------------------- This agreement is made pursuant to Rule 13d-1(c) and Rule 13d-1(k)(1) under the Securities and Exchange Act of 1934 (the "Act") by and among the parties listed below, each referred to herein as a "Joint Filer." The Joint Filers agree that a statement of beneficial ownership as required by Sections 13(g) or 13(d) of the Act and the Rules thereunder may be file on each of their behalf on Schedule 13G or Schedule 13D, as appropriate, and that said joint filing may thereafter be amended by further joint filings. The Joint Filers state that they each satisfy the requirements for making a joint filing under Rule 13d-1. Dated September 20, 2001 MACKE ASSET MANAGEMENT, LLC By: /s/ Jeffrey Macke --------------------------------- Jeffrey J. Macke, Managing Member /s/ Jeffrey Macke ------------------------------------- Jeffrey J. Macke /s/ Jeffrey Macke ------------------------------------------ Kenneth A. Macke by Jeffrey J. Macke, Attorney-in-fact Custodianship, Irrevocable Proxy & Power of Attorney, dated July 27, 1998 filed as Exhibit to Schedule 13D on August 7, 1998