sec document

-----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, OdrjZ8OkJXyawKTJcevD5olgPY+ejk6tiNp++sc571iC/ndlUhmf/DJ0ly51TarG 0bYjXcqG6WkoCWY5DcwSRQ== 0000921895-03-000016.txt : 20030114 0000921895-03-000016.hdr.sgml : 20030114 20030108095328 ACCESSION NUMBER: 0000921895-03-000016 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030108 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PIZZA INN INC /MO/ CENTRAL INDEX KEY: 0000718332 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-GROCERIES & RELATED PRODUCTS [5140] IRS NUMBER: 470654575 STATE OF INCORPORATION: MO FISCAL YEAR END: 0626 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-34759 FILM NUMBER: 03507145 BUSINESS ADDRESS: STREET 1: 5050 QUORUM DR STE 500 CITY: DALLAS STATE: TX ZIP: 75240 BUSINESS PHONE: 2147019955 MAIL ADDRESS: STREET 1: 5050 QUORUM DR STE 500 STREET 2: 5050 QUORUM DR STE 500 CITY: DALLAS STATE: TX ZIP: 75240 FORMER COMPANY: FORMER CONFORMED NAME: CONCEPT DEVELOPMENT INC DATE OF NAME CHANGE: 19870212 FORMER COMPANY: FORMER CONFORMED NAME: PANTERAS CORP DATE OF NAME CHANGE: 19901126 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NEWCASTLE PARTNERS L P CENTRAL INDEX KEY: 0000932334 IRS NUMBER: 752574953 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 200 CRESCENT COURT STREET 2: STE 670 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 2146617474 MAIL ADDRESS: STREET 1: 200 CRESCENT COURT STREET 2: STE 670 CITY: DALLAS STATE: TX ZIP: 75201 SC 13D/A 1 sc13da204670_01072003.htm sec document

                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549
                                 --------------

                                  SCHEDULE 13D

                 INFORMATION TO BE INCLUDED IN STATEMENTS FILED
                    PURSUANT TO RULE 13d-1(a) AND AMENDMENTS
                     THERETO FILED PURSUANT TO RULE 13d-2(a)

                               (Amendment No. 2)1

                                 PIZZA INN, INC.
                                (Name of Issuer)

                     COMMON STOCK, PAR VALUE $0.01 PER SHARE
- --------------------------------------------------------------------------------
                         (Title of class of securities)

                                   725848 10 5
- --------------------------------------------------------------------------------
                                 (CUSIP number)

                              STEVEN WOLOSKY, ESQ.
               OLSHAN GRUNDMAN FROME ROSENZWEIG & WOLOSKY LLP
                                 505 Park Avenue
                            New York, New York 10022
                                 (212) 753-7200
- --------------------------------------------------------------------------------
                  (Name, address and telephone number of person
                authorized to receive notices and communications)

                                 January 3, 2003
- --------------------------------------------------------------------------------
             (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 Rule 13d-1(e),  13d-1(f) or 13d-1(g),  check the
following box 1

            Note.  Schedules  filed  in  paper  format  shall  include  a signed
original and five copies of the schedule, including all exhibits. See Rule 13d-7
for other parties to whom copies are to be sent.

                         (Continued on following pages)

                              (Page 1 of 10 Pages)


- --------
1           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 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).




- ---------------------                                         ------------------
CUSIP No. 725848 10 5                 13D                     Page 2 of 10 pages
- ---------------------                                         ------------------


================================================================================
     1        NAMES OF REPORTING PERSONS
              I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

                                  NEWCASTLE PARTNERS, L.P.
- --------------------------------------------------------------------------------
     2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*          (a) / /
                                                                         (b) / /
- --------------------------------------------------------------------------------
     3        SEC USE ONLY
- --------------------------------------------------------------------------------
     4        SOURCE OF FUNDS*

                     WC
- --------------------------------------------------------------------------------
     5        CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
              PURSUANT TO ITEM 2(d) OR 2(e)                                  / /
- --------------------------------------------------------------------------------
     6        CITIZENSHIP OR PLACE OF ORGANIZATION

                    TEXAS
- --------------------------------------------------------------------------------
  NUMBER OF        7      SOLE VOTING POWER
    SHARES
 BENEFICIALLY                   3,307,200
  OWNED BY
    EACH
  REPORTING
 PERSON WITH  ------------------------------------------------------------------
                   8      SHARED VOTING POWER

                                0
              ------------------------------------------------------------------
                   9      SOLE DISPOSITIVE POWER

                                3,307,200
              ------------------------------------------------------------------
                  10      SHARED DISPOSITIVE POWER

                                0
- --------------------------------------------------------------------------------
     11       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
              PERSON
                     3,307,200
- --------------------------------------------------------------------------------
     12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
              CERTAIN SHARES*                                                / /
- --------------------------------------------------------------------------------
     13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
                     32.9%
- --------------------------------------------------------------------------------
     14       TYPE OF REPORTING PERSON*

                     PN
================================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!





- ---------------------                                         ------------------
CUSIP No. 725848 10 5                 13D                     Page 3 of 10 pages
- ---------------------                                         ------------------


================================================================================
     1        NAMES OF REPORTING PERSONS
              I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

                          NEWCASTLE CAPITAL GROUP, L.L.C.
- --------------------------------------------------------------------------------
     2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*          (a) / /
                                                                         (b) / /
- --------------------------------------------------------------------------------
     3        SEC USE ONLY
- --------------------------------------------------------------------------------
     4        SOURCE OF FUNDS*

                     OO
- --------------------------------------------------------------------------------
     5        CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
              PURSUANT TO ITEM 2(d) OR 2(e)                                  / /
- --------------------------------------------------------------------------------
     6        CITIZENSHIP OR PLACE OF ORGANIZATION

                    TEXAS
- --------------------------------------------------------------------------------
  NUMBER OF        7      SOLE VOTING POWER
    SHARES
 BENEFICIALLY                   3,307,200
  OWNED BY
    EACH
  REPORTING
 PERSON WITH  ------------------------------------------------------------------
                   8      SHARED VOTING POWER

                                0
              ------------------------------------------------------------------
                   9      SOLE DISPOSITIVE POWER

                                3,307,200
              ------------------------------------------------------------------
                  10      SHARED DISPOSITIVE POWER

                                0
- --------------------------------------------------------------------------------
     11       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
              PERSON
                     3,307,200
- --------------------------------------------------------------------------------
     12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
              CERTAIN SHARES*                                                / /
- --------------------------------------------------------------------------------
     13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
                     32.9%
- --------------------------------------------------------------------------------
     14       TYPE OF REPORTING PERSON*

                     CO
================================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!





- ---------------------                                         ------------------
CUSIP No. 725848 10 5                 13D                     Page 4 of 10 pages
- ---------------------                                         ------------------


================================================================================
     1        NAMES OF REPORTING PERSONS
              I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

                            NEWCASTLE CAPITAL MANAGEMENT, L.P.
- --------------------------------------------------------------------------------
     2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*          (a) / /
                                                                         (b) / /
- --------------------------------------------------------------------------------
     3        SEC USE ONLY
- --------------------------------------------------------------------------------
     4        SOURCE OF FUNDS*

                     OO
- --------------------------------------------------------------------------------
     5        CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
              PURSUANT TO ITEM 2(d) OR 2(e)                                  / /
- --------------------------------------------------------------------------------
     6        CITIZENSHIP OR PLACE OF ORGANIZATION

                    TEXAS
- --------------------------------------------------------------------------------
  NUMBER OF        7      SOLE VOTING POWER
    SHARES
 BENEFICIALLY                   3,307,200
  OWNED BY
    EACH
  REPORTING
 PERSON WITH  ------------------------------------------------------------------
                   8      SHARED VOTING POWER

                                0
              ------------------------------------------------------------------
                   9      SOLE DISPOSITIVE POWER

                                3,307,200
              ------------------------------------------------------------------
                  10      SHARED DISPOSITIVE POWER

                                0
- --------------------------------------------------------------------------------
     11       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
              PERSON
                     3,307,200
- --------------------------------------------------------------------------------
     12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
              CERTAIN SHARES*                                                / /
- --------------------------------------------------------------------------------
     13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
                     32.9%
- --------------------------------------------------------------------------------
     14       TYPE OF REPORTING PERSON*

                     PN
================================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!






- ---------------------                                         ------------------
CUSIP No. 725848 10 5                 13D                     Page 5 of 10 pages
- ---------------------                                         ------------------


================================================================================
     1        NAMES OF REPORTING PERSONS
              I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

                            MARK E. SCHWARZ
- --------------------------------------------------------------------------------
     2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*          (a) / /
                                                                         (b) / /
- --------------------------------------------------------------------------------
     3        SEC USE ONLY
- --------------------------------------------------------------------------------
     4        SOURCE OF FUNDS*

                     OO
- --------------------------------------------------------------------------------
     5        CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
              PURSUANT TO ITEM 2(d) OR 2(e)                                  / /
- --------------------------------------------------------------------------------
     6        CITIZENSHIP OR PLACE OF ORGANIZATION

                    U.S. Citizen
- --------------------------------------------------------------------------------
  NUMBER OF        7      SOLE VOTING POWER
    SHARES
 BENEFICIALLY                   3,307,200
  OWNED BY
    EACH
  REPORTING
 PERSON WITH  ------------------------------------------------------------------
                   8      SHARED VOTING POWER

                                0
              ------------------------------------------------------------------
                   9      SOLE DISPOSITIVE POWER

                                3,307,200
              ------------------------------------------------------------------
                  10      SHARED DISPOSITIVE POWER

                                0
- --------------------------------------------------------------------------------
     11       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
              PERSON
                     3,307,200
- --------------------------------------------------------------------------------
     12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
              CERTAIN SHARES*                                                / /
- --------------------------------------------------------------------------------
     13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
                     32.9%
- --------------------------------------------------------------------------------
     14       TYPE OF REPORTING PERSON*

                     IN
================================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!





- ---------------------                                         ------------------
CUSIP No. 725848 10 5                 13D                     Page 6 of 10 pages
- ---------------------                                         ------------------


================================================================================
     1        NAMES OF REPORTING PERSONS
              I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

                            STEVEN PULLY
- --------------------------------------------------------------------------------
     2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*          (a) / /
                                                                         (b) / /
- --------------------------------------------------------------------------------
     3        SEC USE ONLY
- --------------------------------------------------------------------------------
     4        SOURCE OF FUNDS*

                     OO
- --------------------------------------------------------------------------------
     5        CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
              PURSUANT TO ITEM 2(d) OR 2(e)                                  / /
- --------------------------------------------------------------------------------
     6        CITIZENSHIP OR PLACE OF ORGANIZATION

                    U.S. Citizen
- --------------------------------------------------------------------------------
  NUMBER OF        7      SOLE VOTING POWER
    SHARES
 BENEFICIALLY                   0
  OWNED BY
    EACH
  REPORTING
 PERSON WITH  ------------------------------------------------------------------
                   8      SHARED VOTING POWER

                                0
              ------------------------------------------------------------------
                   9      SOLE DISPOSITIVE POWER

                                0
              ------------------------------------------------------------------
                  10      SHARED DISPOSITIVE POWER

                                0
- --------------------------------------------------------------------------------
     11       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
              PERSON
                     0
- --------------------------------------------------------------------------------
     12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
              CERTAIN SHARES*                                                / /
- --------------------------------------------------------------------------------
     13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
                     0.0%
- --------------------------------------------------------------------------------
     14       TYPE OF REPORTING PERSON*

                     IN
================================================================================
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!




- ---------------------                                         ------------------
CUSIP No. 725848 10 5                 13D                     Page 7 of 10 pages
- ---------------------                                         ------------------


            The following statement  constitutes Amendment No. 2 to the Schedule
13D filed by the undersigned (the "Statement").  Except as specifically  amended
by this Amendment No. 2, the Statement remains in full force and effect.

Item 3 is hereby amended in its entirety to read as follows:

            On January 3, 2003,  Newcastle  Partners,  L.P. ("NP")  exercised an
option to acquire  2,905,000  shares of Common  Stock  pursuant  to the  Omnibus
Agreement dated as of December 6, 2002 between NP and C. Jeffrey Rogers. The net
investment  cost (including  commissions,  if any) of the shares of Common Stock
held directly by NP was approximately  $8,115,811.95,  all of which was obtained
from NP's working  capital.  None of NCG, NCM, Mr. Schwarz or Mr. Pully directly
owns any shares of Common Stock.

Item 5(a) is hereby amended in its entirety to read as follows:

            (a) As of the filing date of this Statement,  NP beneficially  owned
3,307,200  shares  of  Common  Stock,  representing  approximately  32.9% of the
Company's issued and outstanding Common Stock.

                Newcastle  Capital  Management,  L.P.  ("NCM"),  as the  general
partner of NP, may be deemed to beneficially  own the 3,307,200 shares of Common
Stock beneficially owned by NP,  representing  approximately 32.9% of the issued
and outstanding Common Stock of the Company.

                Newcastle Capital Group, L.L.C.  ("NCG"), as the general partner
of NCM,  which in turn is the  general  partner  of NP,  may also be  deemed  to
beneficially own the 3,307,200 shares of Common Stock  beneficially owned by NP,
representing  approximately  32.9% of the issued and outstanding Common Stock of
the Company.

                Mark Schwarz, as the managing member of NCG, the general partner
of NCM,  which in turn is the  general  partner  of NP,  may also be  deemed  to
beneficially own the 3,307,200 shares of Common Stock  beneficially owned by NP,
representing  approximately  32.9% of the issued and outstanding Common Stock of
the Company.

                Steven Pully currently does not own any shares of Common Stock.

Item 5(b) is hereby amended in its entirety to read as follows:

            (b) By virtue of his position with NP, NCG and NCM, Mark Schwarz has
the sole power to vote and dispose of 3,307,200  shares of Common Stock or 32.9%
of the issued and outstanding shares of Common Stock.





- ---------------------                                         ------------------
CUSIP No. 725848 10 5                 13D                     Page 8 of 10 pages
- ---------------------                                         ------------------



Item 5(c) is hereby amended to add the following:

            (c)  Schedule  A  annexed  hereto  lists  all  transactions  by  the
Reporting  Persons in the  Company's  Common Stock since the filing of Amendment
No. 1 to Schedule 13D. The 29,500  shares of Common Stock  purchased on December
31, 2002 was effected in the open market.  The 2,905,000  shares of Common Stock
purchased on January 3, 2003 was  effected  through the exercise of an option to
acquire 2,905,000 shares of Common Stock pursuant to the Omnibus Agreement dated
as of December 6, 2002 between NP and C. Jeffrey Rogers.



                            [Signature Page Follows]






- ---------------------                                         ------------------
CUSIP No. 725848 10 5                 13D                     Page 9 of 10 pages
- ---------------------                                         ------------------


                                   SIGNATURES

            After due inquiry and to the best of his knowledge and belief,  each
of the undersigned certifies that the information set forth in this statement is
true, complete and correct.

Dated:  January 7, 2003              NEWCASTLE PARTNERS, L.P.

                                     By: Newcastle Capital Management, L.P., its
                                         general partner
                                     By: Newcastle Capital Group, L.L.C., its
                                         general partner

                                     By: /s/ Mark Schwarz
                                         ---------------------------------------
                                         Mark Schwarz, Managing Member

                                     NEWCASTLE CAPITAL MANAGEMENT, L.P.

                                     By: Newcastle Capital Group, L.L.C., its
                                         general partner

                                     By: /s/ Mark Schwarz
                                         ---------------------------------------
                                         Mark Schwarz, Managing Member

                                     NEWCASTLE CAPITAL GROUP, L.L.C.


                                     By: /s/ Mark Schwarz
                                         ---------------------------------------
                                         Mark Schwarz, Managing Member


                                     /s/ Mark Schwarz
                                     ------------------------------------------
                                     MARK SCHWARZ

                                     /s/ Steven Pully
                                     ------------------------------------------
                                     STEVEN PULLY





- ---------------------                                        -------------------
CUSIP No. 725848 10 5                 13D                    Page 10 of 10 pages
- ---------------------                                        -------------------



                                   SCHEDULE A
Transactions in the Common Stock Since the Filing of Amendment No. 1 to Schedule 13D
- ------------------------------------------------------- ----------------------------


 Shares of Common Stock                   Price Per                Date of
         Purchased                        Share($)                Purchase
 ----------------------                   ---------               --------

                            Newcastle Partners, L.P.

          29,500                           $2.50               December 31, 2002
       2,905,000 (1)                       $2.56               January 3, 2003



(1) Purchased  through  exercise of an option pursuant to the Omnibus  Agreement
dated as of December 6, 2002 between C. Jeffrey  Rogers and Newcastle  Partners,
L.P.
-----END PRIVACY-ENHANCED MESSAGE-----