-----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, KfuivJOkXgneWAGjACHB8GYbZ39dvIMdsyfVOVoNQyDKRrikP9TIP6XhcpT95n4k M7VZpd30jecqhpd6YhvWmQ== 0001116679-07-000501.txt : 20070221 0001116679-07-000501.hdr.sgml : 20070221 20070221123038 ACCESSION NUMBER: 0001116679-07-000501 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070221 DATE AS OF CHANGE: 20070221 GROUP MEMBERS: DAVID A. SACKLER GROUP MEMBERS: MICHAEL M. ROTHENBERG GROUP MEMBERS: MOAB CAPITAL PARTNERS, LLC GROUP MEMBERS: MOAB PARTNERS, LP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MORGANS FOODS INC CENTRAL INDEX KEY: 0000068145 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 340562210 STATE OF INCORPORATION: OH FISCAL YEAR END: 0602 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-32061 FILM NUMBER: 07638102 BUSINESS ADDRESS: STREET 1: 24200 CHAGRIN BLVD SUITE 126 CITY: BEACHWOOD STATE: OH ZIP: 44122 BUSINESS PHONE: 2163607500 MAIL ADDRESS: STREET 1: 24200 CHAGRIN BLVD 126 CITY: BEACHWOOD STATE: OH ZIP: 44122 FORMER COMPANY: FORMER CONFORMED NAME: MORTRONICS INC DATE OF NAME CHANGE: 19861014 FORMER COMPANY: FORMER CONFORMED NAME: MORGANS RESTAURANTS INC DATE OF NAME CHANGE: 19820616 FORMER COMPANY: FORMER CONFORMED NAME: SUGARDALE FOODS INC DATE OF NAME CHANGE: 19760608 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Moab Capital Partners LLC CENTRAL INDEX KEY: 0001377817 IRS NUMBER: 204093001 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 15 EAST 62ND STREET CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: (212) 981-2646 MAIL ADDRESS: STREET 1: 15 EAST 62ND STREET CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G 1 sc13g.htm FEBRUARY 21, 2007

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

-

 

Under the Securities Exchange Act of 1934

(Amendment No. __)*

 

Morgan’s Foods, Inc

(Name of Issuer)

 

Common Shares, Without Par Value

(Title of Class Securities)

 

616900106

(CUSIP Number)

 

February 21, 2007

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

 

ý

Rule 13d-1(b)

 

ý

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.

** Michael M. Rothenberg and David A. Sackler are filing this Schedule 13G pursuant to Rule 13d-1(b). Moab Capital Partners, LLC and Moab Partners, L.P. are filing this Schedule 13G pursuant to Rule 13d-1(c).

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).

 

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

 

 


 

Page 2 of 11 Pages

 

 

CUSIP No. 616900106

 

 

1

NAME OF REPORTING PERSONS.

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Moab Capital Partners, LLC 20-4093001

 

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 

(A) [ ]

(B) [ ]

 

 

3

SEC USE ONLY

 

 

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

 

 

 

 

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

 

 

 

5

 

SOLE VOTING POWER

 

 

 

6

 

SHARED VOTING POWER

 

264,855

 

7

 

SOLE DISPOSITIVE POWER

 

 

 

8

 

SHARED DISPOSITIVE POWER

 

264,855

 

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

264,855

 

10

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

 

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

9.7%

 

12

 

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

IA

 

 

 


 

Page 3 of 11 Pages

 

 

 

1

NAME OF REPORTING PERSONS.

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Moab Partners, L.P. 20-4092810

 

 

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 

(A) [ ]

(B) [ ]

 

 

3

SEC USE ONLY

 

 

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

 

 

 

 

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

 

 

 

5

 

SOLE VOTING POWER

 

 

 

6

 

SHARED VOTING POWER

 

264,855

 

7

 

SOLE DISPOSITIVE POWER

 

 

 

8

 

SHARED DISPOSITIVE POWER

 

264,855

 

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

264,855

 

10

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

 

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

9.7%

 

12

 

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

 

 

 


 

Page 4 of 11 Pages

 

 

 

1

NAME OF REPORTING PERSONS.

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Michael M. Rothenberg

 

 

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 

(A) [ ]

(B) [ ]

 

 

3

SEC USE ONLY

 

 

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America

 

 

 

 

 

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

 

 

 

5

 

SOLE VOTING POWER

 

 

 

6

 

SHARED VOTING POWER

 

264,855

 

7

 

SOLE DISPOSITIVE POWER

 

 

 

8

 

SHARED DISPOSITIVE POWER

 

264,855

 

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

264,855

 

10

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

 

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

9.7%

 

12

 

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

IN, HC

 

 

 

 


 

Page 5 of 11 Pages

 

 

 

1

NAME OF REPORTING PERSONS.

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

David A. Sackler

 

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 

(A) [ ]

(B) [ ]

 

 

3

SEC USE ONLY

 

 

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America

 

 

 

 

 

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

 

 

 

5

 

SOLE VOTING POWER

 

 

 

6

 

SHARED VOTING POWER

 

264,855

 

7

 

SOLE DISPOSITIVE POWER

 

 

 

8

 

SHARED DISPOSITIVE POWER

 

264,855

 

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

264,855

 

10

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

 

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

9.7%

 

12

 

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

IN, HC

 

 

 


 

Page 6 of 11 Pages

 

 

Item 1.

 

(a)

Name of Issuer

 

Morgan’s Foods, Inc.

 

 

(b)

Address of Issuer’s Principal Executive Offices

 

24200 Chagrin Boulevard, Suite 126

 

Beachwood, Ohio 44122

Item 2.

 

(a)

Name of Person Filing

This Schedule 13G is being filed on behalf of Moab Capital Partners, LLC (“Moab LLC”); Moab Partners, L.P. (“Moab LP”); Mr. Michael M. Rothenberg and Mr. David A. Sackler (each, a “Reporting Person”).

 

(b)

Address of Principal Business office or, if None, Residence

 

For each Reporting Person,

 

15 East 62nd Street

 

New York, New York 10021

(c)

Citizenship

Moab LLC is a Delaware limited liability company

Moab LP is a Delaware limited partnership

Messrs. Rothenberg and Sackler are each United States citizens

(d)

Title of Class Securities

Common Shares

(e)

CUSIP Number

 

616900106

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)

[

]

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78c).

 

 

(b)

[

]

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

 

 


 

Page 7 of 11 Pages

 

 

 

 

(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 (15 U.S.C. 80a-8).

 

 

(e)

[

]

An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E).

 

 

(f)

[

]

An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(ii)(F).

 

 

(g)

[ X

]

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G).*

 

 

(h)

[

]

A savings association 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)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).

 

 

(j)

[

]

Group in accordance with § 240.13d-1(b)(ii)(J).

 

 

*Messrs. Rothenberg and Sackler are control persons in accordance with §240.13d-1(b)(1)(ii)(G).

Item 4.

Ownership

 

Moab LLC

(a) Amount beneficially owned: 264,855

(b) Percent of class: 9.7%*

(c) Number of shares to which the person has:

(i) Sole power to vote or to direct the vote:

(ii) Shared power to direct the vote: 264,855

(iii) Sole power to dispose or to direct the disposition of:

(iv) Shared power to dispose or to direct the disposition of: 264,855

 

Moab LP

(a) Amount beneficially owned: 264,855

 

 


 

Page 8 of 11 Pages

 

 

(b) Percent of class: 9.7%*

(c) Number of shares to which the person has:

(i) Sole power to vote or to direct the vote:

(ii) Shared power to direct the vote: 264,855

(iii) Sole power to dispose or to direct the disposition of:

(iv) Shared power to dispose or to direct the disposition of: 264,855

 

Michael M. Rothenberg

(a) Amount beneficially owned: 264,855

(b) Percent of class: 9.7%*

(c) Number of shares to which the person has:

(i) Sole power to vote or to direct the vote:

(ii) Shared power to direct the vote: 264,855

(iii) Sole power to dispose or to direct the disposition of:

(iv) Shared power to dispose or to direct the disposition of: 264,855

 

David A. Sackler

(a) Amount beneficially owned: 264,855

(b) Percent of class: 9.7%*

(c) Number of shares to which the person has:

(i) Sole power to vote or to direct the vote:

(ii) Shared power to direct the vote: 264,855

(iii) Sole power to dispose or to direct the disposition of:

(iv) Shared power to dispose or to direct the disposition of: 264,855

 

*All ownership percentages are based on 2,730,995 shares outstanding as of December 20, 2006 as reported in the issuer’s quarterly report on Form 10-Q for the quarterly period ended November 5, 2006, as filed with the Securities and Exchange Commission on December 20, 2006.

 

 

 

 


 

Page 9 of 11 Pages

 

 

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 securities, check the following o

Item 6.

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

Moab LLC, in its capacity as investment adviser to Moab LP, may be deemed to be the beneficial owner of 264,855 shares owned by Moab LP, as in its capacity as investment adviser it has the power to dispose, direct the disposition of, and vote the shares of the issuer owned by Moab LP. 

Michael M. Rothenberg is a part-owner of Moab LLC and a Managing Member. As a controlling person of Moab LLC, he may be deemed to beneficially own 264,855 shares of the issuer owned by Moab LP. 

David A. Sackler is a part-owner of Moab LLC and a Managing Member.  As a controlling person of Moab LLC, he may be deemed to beneficially own 264,855 shares of the issuer owned by Moab LP.

Pursuant to Rule 13d-4, Michael M. Rothenberg and David A. Sackler disclaim beneficial ownership of the securities owned by Moab LP.  

 

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 Group.

N/A

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 or with the effect of changing or influencing the control of the issuer and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

 


 

Page 10 of 11 Pages

 

 

SIGNATURE

Date: February 21, 2007

 

 

Moab Partners, L.P.

 

By: Moab Capital Partners, LLC,

 

its General Partner

 

By: /s/ Michael M. Rothenberg_____________

 

Michael M. Rothenberg, Managing Director

 

 

Moab Capital Partners, LLC

 

 

By: /s/ Michael M. Rothenberg_____________

 

Michael Rothenberg, Managing Director

 

 

 

/s/ Michael M. Rothenberg_____________

 

Michael M. Rothenberg

 

 

 

/s/ David A. Sackler_________________

 

David A. Sackler

 

 

 

 


 

Page 11 of 11 Pages

 

 

Exhibit A

Joint Filing Agreement Pursuant to Rule 13d-1

This agreement is made pursuant to Rule 13d-l(k)(1) under the Securities and Exchange Act of 1934, as amended (the “Act”) by and among the parties listed below, each referenced 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 filed 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.

 

Date: February 21, 2007

 

 

Moab Partners, L.P.

 

By: Moab Capital Partners, LLC,

 

its General Partner

 

By: /s/ Michael M. Rothenberg_____________

 

Michael M. Rothenberg, Managing Director

 

 

Moab Capital Partners, LLC

 

 

By: /s/ Michael M. Rothenberg_____________

 

Michael Rothenberg, Managing Director

 

 

 

/s/ Michael M. Rothenberg_____________

 

Michael M. Rothenberg

 

 

 

/s/ David A. Sackler_________________

 

David A. Sackler

 

 

 

 

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