-----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, Bht6MyRFelLhDnNOUIyKL0ULEfhhH3WKXEf2y2rH3ZaAqYCZAZXyQPt1T5nwJRAD +3C6qnvng1QQ1/RUtiJWeA== 0000950116-00-000751.txt : 20000403 0000950116-00-000751.hdr.sgml : 20000403 ACCESSION NUMBER: 0000950116-00-000751 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000331 GROUP MEMBERS: ARETE FOUNDATION GROUP MEMBERS: DANIEL G. COHEN GROUP MEMBERS: EDWARD E. COHEN GROUP MEMBERS: READY CASH INVESTMENT PARTNERS, L.P. GROUP MEMBERS: READYCASH INVESTMENT PARTNERS LP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TRM CORP CENTRAL INDEX KEY: 0000749254 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PERSONAL SERVICES [7200] IRS NUMBER: 930809419 STATE OF INCORPORATION: OR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-47069 FILM NUMBER: 591719 BUSINESS ADDRESS: STREET 1: 5208 N E 122ND AVENUE CITY: PORTLAND STATE: OR ZIP: 97230-1074 BUSINESS PHONE: 5032578766 FORMER COMPANY: FORMER CONFORMED NAME: TRM COPY CENTERS CORP DATE OF NAME CHANGE: 19940411 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: READYCASH INVESTMENT PARTNERS LP CENTRAL INDEX KEY: 0001065594 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 1521 LOCUST ST STREET 2: 4TH FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19102 BUSINESS PHONE: 2157319450 MAIL ADDRESS: STREET 1: 1521 LOCUST ST STREET 2: 4TH FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19102 SC 13D 1 SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2) TRM COPY CENTERS CORPORATION (Name of Issuer) COMMON STOCK (Title of Class of Securities) 8762636105 (CUSIP Number) With Copies to: Daniel G. Cohen J. Baur Whittlesey, Esquire ReadyCash Investment Partners, L.P. Ledgewood Law Firm, P.C. c/o ReadyCash GP, Inc. 1521 Locust Street - 8th Fl. 1521 Locust Street Philadelphia, PA 19102 Philadelphia, PA 19103 (215) 731-9450 (215) 546-5005 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) Various dates as set forth in Item 5(b) (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 ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ ] (Continued on following pages) Page 1 of 8 _______________________________________________________________________________ CUSIP No. 8762636105 13D Page 2 of 8 _______________________________________________________________________________ 1 NAME OF REPORTING PERSONS; I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Ready Cash Investment Partners, L.P. 23-2948913 ______________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] ______________________________________________________________________________ 3 SEC USE ONLY ______________________________________________________________________________ 4 SOURCE OF FUNDS WC ______________________________________________________________________________ 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] ______________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Commonwealth of Pennsylvania _______________________________________________________________________________ | | NUMBER OF | 7 | SOLE VOTING POWER SHARES | | 1,252,541(1) BENEFICIALLY |_____|________________________________________________________ OWNED BY | | EACH | 8 | SHARED VOTING POWER REPORTING | | 0 PERSON WITH |_____|________________________________________________________ | | | 9 | SOLE DISPOSITIVE POWER | | 199,641 |_____|________________________________________________________ | | | 10 | SHARED DISPOSITIVE POWER | | 0 _______________|_____|_________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,252,541(1) ______________________________________________________________________________ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X] ______________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 17.2% ______________________________________________________________________________ 14 TYPE OF REPORTING PERSON PN ______________________________________________________________________________ (1) Includes: (i) 199,641 shares of Common Stock issuable upon exercise of warrants held by the Reporting Person and (ii) 1,052,900 shares of Common Stock as to which the Reporting Person has irrevocable proxies terminating July 31, 2001 or upon earlier disposition of such shares by the holder. Excludes: (a) 412,699 shares of Common Stock issuable upon conversion of Series A Preferred Stock to Common Stock, as the Reporting Person automatically dissolves and liquidates upon such conversion; (b) 769,839 shares of Common Stock issuable upon conversion of Series A Preferred Stock held by third parties, as irrevocable proxies with respect thereto terminate upon conversion of the Series A Preferred Stock. _______________________________________________________________________________ CUSIP No. 8762636105 13D Page 3 of 8 _______________________________________________________________________________ 1 NAME OF REPORTING PERSONS; I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Arete Foundation 23-6779271 ______________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] ______________________________________________________________________________ 3 SEC USE ONLY ______________________________________________________________________________ 4 SOURCE OF FUNDS WC ______________________________________________________________________________ 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] ______________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Commonwealth of Pennsylvania _______________________________________________________________________________ | | NUMBER OF | 7 | SOLE VOTING POWER SHARES | | 40,940 BENEFICIALLY |_____|________________________________________________________ OWNED BY | | EACH | 8 | SHARED VOTING POWER REPORTING | | 0 PERSON WITH |_____|________________________________________________________ | | | 9 | SOLE DISPOSITIVE POWER | | 40,940 |_____|________________________________________________________ | | | 10 | SHARED DISPOSITIVE POWER | | 0 _______________|_____|_________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 40,940 ______________________________________________________________________________ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] ______________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.6% ______________________________________________________________________________ 14 TYPE OF REPORTING PERSON OO ______________________________________________________________________________ _______________________________________________________________________________ CUSIP No. 8762636105 13D Page 4 of 8 _______________________________________________________________________________ 1 NAME OF REPORTING PERSONS; I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Edward E. Cohen ______________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] ______________________________________________________________________________ 3 SEC USE ONLY ______________________________________________________________________________ 4 SOURCE OF FUNDS PF ______________________________________________________________________________ 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] ______________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Commonwealth of Pennsylvania _______________________________________________________________________________ | | NUMBER OF | 7 | SOLE VOTING POWER SHARES | | 43,994 BENEFICIALLY |_____|________________________________________________________ OWNED BY | | EACH | 8 | SHARED VOTING POWER REPORTING | | 1,483,315 PERSON WITH |_____|________________________________________________________ | | | 9 | SOLE DISPOSITIVE POWER | | 43,994 |_____|________________________________________________________ | | | 10 | SHARED DISPOSITIVE POWER | | 430,515 _______________|_____|_________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,527,409 ______________________________________________________________________________ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] ______________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 21.0% ______________________________________________________________________________ 14 TYPE OF REPORTING PERSON IN ______________________________________________________________________________ _______________________________________________________________________________ CUSIP No. 8762636105 13D Page 5 of 8 _______________________________________________________________________________ 1 NAME OF REPORTING PERSONS; I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Daniel G. Cohen ______________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] ______________________________________________________________________________ 3 SEC USE ONLY ______________________________________________________________________________ 4 SOURCE OF FUNDS PF ______________________________________________________________________________ 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] ______________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Commonwealth of Pennsylvania _______________________________________________________________________________ | | NUMBER OF | 7 | SOLE VOTING POWER SHARES | | 142,572 BENEFICIALLY |_____|________________________________________________________ OWNED BY | | EACH | 8 | SHARED VOTING POWER REPORTING | | 1,442,475 PERSON WITH |_____|________________________________________________________ | | | 9 | SOLE DISPOSITIVE POWER | | 142,572 |_____|________________________________________________________ | | | 10 | SHARED DISPOSITIVE POWER | | 389,575 _______________|_____|_________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,585,047 ______________________________________________________________________________ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] ______________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 21.8% ______________________________________________________________________________ 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN ______________________________________________________________________________ Page 6 of 8 Item 1. Security and Issuer This statement relates to the Common Stock, no par value, of TRM Copy Centers Corporation (the "Issuer" or "TRM"). The principal executive offices of the Issuer are located at 5208 NE 122nd Avenue, Portland, Oregon 97230-1074. Item 2. Identity and Background No change for ReadyCash Investment Partners, L.P. ("RCIP"). As to Messrs. Cohen and Cohen and Arete Foundation ("Arete"): (a) Edward E. Cohen; Daniel G. Cohen; Arete Foundation (b) 1521 Locust Street, Suite 400, Philadelphia, PA 19102 (business address for each) (c) Edward E. Cohen is Chairman and Chief Executive Officer, and Daniel G. Cohen is President and Chief Operating Officer, of Resource America, Inc., 1521 Locust Street, Suite 400, Philadelphia, PA 19102. Arete is a charitable trust of which Edward E. Cohen and his spouse are the sole trustees. (d) None (e) None (f) United States Item 3. Source and Amount of Funds or Other Consideration No change as to RCIP. The source of funds for each of Messrs. Cohen and Cohen was personal funds. The source of funds for Arete was its working capital. The amount used by Edward E. Cohen was $757,670 (including his allocable share of funds used to acquire shares as to which he has shared voting and dispositive power with Daniel G. Cohen). The amount used by Daniel G. Cohen was $1,356,513 (including his allocable share of funds used to acquire shares as to which he has shared voting and dispositive power with Edward E. Cohen). The amount used by Arete Foundation was $291,493. Item 4. Purpose of Transaction No change. Item 5. Interest in Securities of the Issuer. (a) No change as to RCIP. Messrs. Cohen and Cohen, and Arete, disclaim beneficial ownership of the shares beneficially owned by RCIP and disclaim that they are members of a group. However, Edward E. Cohen may be deemed to be a beneficial owner of 1,527,409 shares (20.4%), as to 43,994 of which he has sole voting and dispositive power, as to 40,940 of which he shares voting and dispositive power with his spouse as trustees of Arete, as to 189,934 of which he shares voting and dispositive power with Daniel G. Cohen, as to 199,641 of which he shares voting and dispositive power with RCIP and Daniel G. Cohen, and as to 1,052,900 of which he shares voting power with RCIP and Daniel G. Cohen. Daniel G. Cohen may be deemed to be a beneficial owner of 1,585,047 shares (21.8%), as to 142,575 of which he has sole voting and dispositive power, as to 189,934 of which he shares voting and dispositive power with Edward E. Cohen, as to 199,641 of which he shares voting and dispositive power with RCIP and Edward E. Cohen, and as to 1,052,900 of which he shares voting power with RCIP and Edward E. Cohen. Arete is the beneficial owner of 40,940 shares. (b) No change for RCIP. For Edward E. Cohen, Daniel G. Cohen and Arete, see paragraph (a), above. Page 7 of 8 (c) RCIP - None The following transactions set forth below for Messrs. Cohen and Cohen, and Arete, were effected on the open market.
E. Cohen D. Cohen Arete Date Price Number of Shares Number of Shares Number of Shares ---- ----- ---------------- ---------------- ---------------- 3/2/99 $7.11 40,940 3/2/99 7.00 26,100 9/13/99 4.75 1,000 9/16/99 4.9837 12,476 40,000 9/17/99 5.03 2,500 9/30/99 4.75 2,500 5.00 10,000 11/9/99 4.25 4,300 11/12/99 4.50 2,000 11/15/99 4.75 2,100 11/18/99 4.75 2,000 5.00 1,000 11/19/99 4.875 1,000 11/23/99 5.25 500 11/29/99 5.441 800 11/30/99 5.50 1,300 12/2/99 5.50 500 5.875 1,100 12/3/99 6.375 10,000 12/7/99 6.375 10,000 12/9/99 6.125 1,000 12/10/99 6.00 1,500 6.375 15,000(1) 12/14/99 6.375 10,000(1) 12/15/99 5.25 1,500 12/22/99 5.25 1,200 12/29/99 5.25 1,100 12/30/99 5.25 208,928(2) 189,934(3)
(1) Purchased by Edward E. Cohen's IRA. (2) Consists of 18,994 shares purchased by Edward E. Cohen's IRA and 189,934 shares purchased by a family partnership of which Edward E. Cohen and Daniel G. Cohen are partners. (3) Consists of the 189,934 shares purchased by the family partnership referred to in note (2), above. (d) None (e) Not applicable Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer No change Item 7. Materials to be Filed as Exhibits No change Page 8 of 8 SIGNATURES 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. READYCASH INVESTMENT PARTNERS, L.P. By: ReadyCash GP Corp., General Partner By: /s/ Daniel G. Cohen ___________________________________ Daniel G. Cohen, President /s/ Edward E. Cohen _______________________________________ EDWARD E. COHEN /s/ Daniel G. Cohen _______________________________________ DANIEL G. COHEN ARETE FOUNDATION By: /s/ Edward E. Cohen ___________________________________ Edward E. Cohen, Trustee March 31, 2000 -----END PRIVACY-ENHANCED MESSAGE-----