-----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, Eq046df+l907S+LDl3Lqge5MAbNcrSpUcaOYj1QAFRD2ESpLNUlRbKbOmDO643rh mGGGB9ohR01U2iHj4TRUVQ== /in/edgar/work/0001095811-00-004888/0001095811-00-004888.txt : 20001121 0001095811-00-004888.hdr.sgml : 20001121 ACCESSION NUMBER: 0001095811-00-004888 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20001120 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PEMCO AVIATION GROUP INC CENTRAL INDEX KEY: 0000771729 STANDARD INDUSTRIAL CLASSIFICATION: [3721 ] IRS NUMBER: 840985295 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-37106 FILM NUMBER: 772875 BUSINESS ADDRESS: STREET 1: 12000 E 47TH AVENUE STREET 2: SUITE 400 N CITY: DENVER STATE: CO ZIP: 80237 BUSINESS PHONE: 3033716525 FORMER COMPANY: FORMER CONFORMED NAME: PRECISION STANDARD INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PR INK INC DATE OF NAME CHANGE: 19870323 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TENNENBAUM & CO LLC CENTRAL INDEX KEY: 0001018962 STANDARD INDUSTRIAL CLASSIFICATION: [ ] IRS NUMBER: 954587347 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1999 AVENUE OF THE STARS STREET 2: 32ND FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90067-6100 BUSINESS PHONE: 3102017882 MAIL ADDRESS: STREET 1: 1999 AVENUE OF THE STARS CITY: LOS ANGELES STATE: CA ZIP: 90067-6100 SC 13D/A 1 a67474a2sc13da.txt AMENDMENT NO.2 TO SCHEDULE 13D 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (RULE 13d-101) 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) PEMCO AVIATION GROUP, INC. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, PAR VALUE $0.0001 PER SHARE - -------------------------------------------------------------------------------- (Title of Class of Securities) 706444106 - -------------------------------------------------------------------------------- (CUSIP Number) TENNENBAUM & CO., LLC 11100 SANTA MONICA BOULEVARD, SUITE 210 LOS ANGELES, CALIFORNIA 90025 (310) 566-1000 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) NOVEMBER 14, 2000 - -------------------------------------------------------------------------------- (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: [ ]. (Continued on the following pages) Page 1 of 15 Pages 2 SCHEDULE 13D CUSIP No. 706444106 PAGE 2 OF 15 ------------------- ------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) TCO/PSI, LLC, IRS ID# 94-3379166 - -------------------------------------------------------------------------------- 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 DELAWARE - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 0 SHARES OWNED BY EACH ------------------------------------------------------------- REPORTING 8 SHARED VOTING POWER PERSON WITH 1,481,652 SHARES ------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 SHARES ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,481,652 SHARES - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,481,652 SHARES - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 36.8%(1) - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- (1) BASED ON 4,027,815 SHARES OF PEMCO AVIATION GROUP, INC. ("PEMCO") COMMON STOCK OUTSTANDING AS OF NOVEMBER 10, 2000, AS REPORTED IN PEMCO'S QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 30, 2000 (FILE NO. 0-13829), FILED WITH THE SEC ON NOVEMBER 14, 2000, AND INCLUDES 3,844 SHARES ISSUABLE TO MICHAEL E. TENNENBAUM UPON THE EXERCISE OF OUTSTANDING STOCK OPTIONS THAT ARE EXERCISABLE WITHIN 60 DAYS OF NOVEMBER 14, 2000. *SEE INSTRUCTIONS BEFORE FILLING OUT! 3 SCHEDULE 13D CUSIP No. 706444106 PAGE 3 OF 15 ------------------- ------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) TENNENBAUM & CO., LLC, IRS ID# 95-4587347 - -------------------------------------------------------------------------------- 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 DELAWARE - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 0 SHARES OWNED BY EACH ------------------------------------------------------------- REPORTING 8 SHARED VOTING POWER PERSON WITH 1,481,652 SHARES ------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 SHARES ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,481,652 SHARES - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,481,652 SHARES - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 36.8%(1) - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- (1) BASED ON 4,027,815 SHARES OF PEMCO COMMON STOCK OUTSTANDING AS OF NOVEMBER 10, 2000, AS REPORTED IN PEMCO'S QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 30, 2000 (FILE NO. 0-13829), FILED WITH THE SEC ON NOVEMBER 14, 2000, AND INCLUDES 3,844 SHARES ISSUABLE TO MICHAEL E. TENNENBAUM UPON THE EXERCISE OF OUTSTANDING STOCK OPTIONS THAT ARE EXERCISABLE WITHIN 60 DAYS OF NOVEMBER 14, 2000. *SEE INSTRUCTIONS BEFORE FILLING OUT! 4 SCHEDULE 13D CUSIP No. 706444106 PAGE 4 OF 15 ------------------- ------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) SPECIAL VALUE BOND FUND, LLC, IRS ID# 95-4758920 - -------------------------------------------------------------------------------- 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 DELAWARE - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 0 SHARES OWNED BY EACH ------------------------------------------------------------- REPORTING 8 SHARED VOTING POWER PERSON WITH 1,481,652 SHARES ------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 SHARES ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,481,652 SHARES - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,481,652 SHARES - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 36.8%(1) - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- (1) BASED ON 4,027,815 SHARES OF PEMCO COMMON STOCK OUTSTANDING AS OF NOVEMBER 10, 2000, AS REPORTED IN PEMCO'S QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 30, 2000 (FILE NO. 0-13829), FILED WITH THE SEC ON NOVEMBER 14, 2000, AND INCLUDES 3,844 SHARES ISSUABLE TO MICHAEL E. TENNENBAUM UPON THE EXERCISE OF OUTSTANDING STOCK OPTIONS THAT ARE EXERCISABLE WITHIN 60 DAYS OF NOVEMBER 14, 2000. *SEE INSTRUCTIONS BEFORE FILLING OUT! 5 SCHEDULE 13D CUSIP No. 706444106 PAGE 5 OF 15 ------------------- ------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) SVIM/MSM, LLC, IRS ID# 95-4760193 - -------------------------------------------------------------------------------- 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 DELAWARE - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 0 SHARES OWNED BY EACH ------------------------------------------------------------- REPORTING 8 SHARED VOTING POWER PERSON WITH 1,481,652 SHARES ------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 SHARES ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,481,652 SHARES - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,481,652 SHARES - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 36.8%(1) - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- (1) BASED ON 4,027,815 SHARES OF PEMCO COMMON STOCK OUTSTANDING AS OF NOVEMBER 10, 2000, AS REPORTED IN PEMCO'S QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 30, 2000 (FILE NO. 0-13829), FILED WITH THE SEC ON NOVEMBER 14, 2000, AND INCLUDES 3,844 SHARES ISSUABLE TO MICHAEL E. TENNENBAUM UPON THE EXERCISE OF OUTSTANDING STOCK OPTIONS THAT ARE EXERCISABLE WITHIN 60 DAYS OF NOVEMBER 14, 2000. *SEE INSTRUCTIONS BEFORE FILLING OUT! 6 SCHEDULE 13D CUSIP No. 706444106 PAGE 6 OF 15 ------------------- ------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) SPECIAL VALUE INVESTMENT MANAGEMENT, LLC, IRS ID# 95-4759860 - -------------------------------------------------------------------------------- 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 DELAWARE - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 0 SHARES OWNED BY EACH ------------------------------------------------------------- REPORTING 8 SHARED VOTING POWER PERSON WITH 1,481,652 SHARES ------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 SHARES ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,481,652 SHARES - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,481,652 SHARES - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 36.8%(1) - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- (1) BASED ON 4,027,815 SHARES OF PEMCO COMMON STOCK OUTSTANDING AS OF NOVEMBER 10, 2000, AS REPORTED IN PEMCO'S QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 30, 2000 (FILE NO. 0-13829), FILED WITH THE SEC ON NOVEMBER 14, 2000, AND INCLUDES 3,844 SHARES ISSUABLE TO MICHAEL E. TENNENBAUM UPON THE EXERCISE OF OUTSTANDING STOCK OPTIONS THAT ARE EXERCISABLE WITHIN 60 DAYS OF NOVEMBER 14, 2000. *SEE INSTRUCTIONS BEFORE FILLING OUT! 7 SCHEDULE 13D CUSIP No. 706444106 PAGE 7 OF 15 ------------------- ------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) RUSTIC CANYON VENTURES, 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 DELAWARE - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 300,000 SHARES OWNED BY EACH ------------------------------------------------------------- REPORTING 8 SHARED VOTING POWER PERSON WITH 0 SHARES ------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 300,000 SHARES ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 SHARES - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 300,000 SHARES - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.4%(1) - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- (1) BASED ON 4,027,815 SHARES OF PEMCO COMMON STOCK OUTSTANDING AS OF NOVEMBER 10, 2000, AS REPORTED IN PEMCO'S QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 30, 2000 (FILE NO. 0-13829), FILED WITH THE SEC ON NOVEMBER 14, 2000. *SEE INSTRUCTIONS BEFORE FILLING OUT! 8 SCHEDULE 13D CUSIP No. 706444106 PAGE 8 OF 15 ------------------- ------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ] (b)[ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION MASSACHUSETTS - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 0 SHARES OWNED BY EACH ------------------------------------------------------------- REPORTING 8 SHARED VOTING POWER PERSON WITH 300,000 SHARES ------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 SHARES ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 300,000 SHARES - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 300,000 SHARES - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.4%(1) - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IC - -------------------------------------------------------------------------------- (1) BASED ON 4,027,815 SHARES OF PEMCO COMMON STOCK OUTSTANDING AS OF NOVEMBER 10, 2000, AS REPORTED IN PEMCO'S QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 30, 2000 (FILE NO. 0-13829), FILED WITH THE SEC ON NOVEMBER 14, 2000. *SEE INSTRUCTIONS BEFORE FILLING OUT! 9 SCHEDULE 13D CUSIP No. 706444106 PAGE 9 OF 15 ------------------- ------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) MASSMUTUAL HIGH YIELD PARTNERS II, LLC - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ] (b)[ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 0 SHARES OWNED BY EACH ------------------------------------------------------------- REPORTING 8 SHARED VOTING POWER PERSON WITH 300,000 SHARES ------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 SHARES ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 300,000 SHARES - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 300,000 SHARES - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.4%(1) - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- (1) BASED ON 4,027,815 SHARES OF PEMCO COMMON STOCK OUTSTANDING AS OF NOVEMBER 10, 2000, AS REPORTED IN PEMCO'S QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 30, 2000 (FILE NO. 0-13829), FILED WITH THE SEC ON NOVEMBER 14, 2000. *SEE INSTRUCTIONS BEFORE FILLING OUT! 10 SCHEDULE 13D CUSIP No. 706444106 PAGE 10 OF 15 ------------------- ------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) MICHAEL E. TENNENBAUM, S.S.# ###-##-#### - -------------------------------------------------------------------------------- 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 UNITED STATES - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 0 SHARES OWNED BY EACH ------------------------------------------------------------- REPORTING 8 SHARED VOTING POWER PERSON WITH 1,481,652 SHARES ------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 SHARES ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,481,652 SHARES - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,481,652 SHARES - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 36.8%(1) - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- (1) BASED ON 4,027,815 SHARES OF PEMCO COMMON STOCK OUTSTANDING AS OF NOVEMBER 10, 2000, AS REPORTED IN PEMCO'S QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 30, 2000 (FILE NO. 0-13829), FILED WITH THE SEC ON NOVEMBER 14, 2000, AND INCLUDES 3,844 SHARES ISSUABLE TO MICHAEL E. TENNENBAUM UPON THE EXERCISE OF OUTSTANDING STOCK OPTIONS THAT ARE EXERCISABLE WITHIN 60 DAYS OF NOVEMBER 14, 2000. *SEE INSTRUCTIONS BEFORE FILLING OUT! 11 Page 11 of 15 This Amendment No. 2 to Schedule 13D relating to Pemco Aviation Group, Inc., a Delaware corporation ("Pemco"), is being filed on behalf of the undersigned to amend the Schedule 13D filed with the SEC on September 17, 1999, as amended by Amendment No. 1 thereto filed with the SEC on November 8, 2000 (together, the "Schedule 13D"). Capitalized terms not otherwise defined herein have the meanings given them in the Schedule 13D. ITEM 1. SECURITY AND ISSUER. The information in Item 1 is hereby amended and restated as follows: This statement relates to the beneficial ownership of 2,081,652 shares of common stock, par value $0.0001 per share (the "Common Stock"), of Pemco. The principal executive offices of Pemco are located at 1943 North 50th Street, Birmingham, Alabama 35212. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. The information in Item 3 is hereby amended and restated as follows: On September 7, 1999, Mr. Gold and TMG Fund LLP, a Colorado limited liability partnership that is wholly owned by Mr. Gold, sold 800,000 shares and 200,000 shares, respectively, of Common Stock to Tennenbaum LLC, Massachusetts Mutual Life, MassMutual High Yield, Rustic, Special Value, and certain other investors. This sale was pursuant to a Stock Purchase Agreement dated the same date (the "Stock Purchase Agreement"). The purchase price for these shares was $10,000,000 (or $10 per share). The purchases were consummated using personal funds and working capital of the respective Reporting Persons. Since the purchases under the Stock Purchase Agreement, Special Value has acquired an additional 115,900 shares of Common Stock for a total purchase price of $1,521,327, including 42,800 shares of Common Stock acquired on November 14, 2000 for a total purchase price of $573,653. The sole source of funds used in purchasing all 115,900 shares of Common Stock was the working capital of Special Value. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. The information in Item 5 is hereby amended and restated as follows: (a)-(b) The following table sets forth the aggregate number and percentage of Common Stock of Pemco beneficially owned by each Reporting Person. The percentages of Common Stock were calculated based on the 4,027,815 shares reported to be outstanding on November 10, 2000 in Pemco's Quarterly Report on Form 10-Q for the quarter ended September 30, 2000. Except as noted below, each Reporting Person has sole voting and dispositive power with respect to the shares indicated.
Number of Shares Stockholder Beneficially Owned Percentage - ----------- ------------------ ---------- TCO/PSI, LLC 1,481,652(1) 36.8% Tennenbaum & Co., LLC 1,481,652(1) 36.8%
12 Page 12 of 15 Special Value Bond Fund, LLC 1,481,652(1) 36.8% SVIM/MSM, LLC 1,481,652(1) 36.8% Special Value Investment Management, LLC 1,481,652(1) 36.8% Rustic Canyon Ventures, L.P. 300,000 7.4% Massachusetts Mutual Life Insurance Company 300,000(2) 7.4% MassMutual High Yield Partners II, LLC 300,000(2) 7.4% Michael E. Tennenbaum 1,481,652(1) 36.8%
- ---------- (1) Includes shares owned by Tennenbaum LLC (85,000), Special Value (365,900) and TCO/PSI (1,026,908). Also includes 3,844 shares issuable to Michael E. Tennenbaum upon the exercise of outstanding stock options that are exercisable within 60 days of November 14, 2000. By reason of (i) Mr. Tennenbaum's position as managing member of Tennenbaum LLC, (ii) Tennenbaum LLC's position as managing member of SVIM/MSM, SVIM and TCO/PSI, (iii) SVIM/MSM's position as managing member of Special Value and (iv) SVIM's position as investment advisor to Special Value, each of Mr. Tennenbaum, Tennenbaum LLC, TCO/PSI, Special Value, SVIM/MSM and SVIM may be deemed to share voting and dispositive power over such shares. (2) Includes shares reported separately herein as owned by MassMutual High Yield as to which Massachusetts Mutual Life shares voting and dispositive power and disclaims beneficial ownership. Massachusetts Mutual Life provides investment advice to MassMutual High Yield. (c) The following transactions in Common Stock of Pemco were open market purchases on the Nasdaq SmallCap Market effected by Special Value.
Number of Shares Date of Common Stock Price Per Share ---- ---------------- --------------- 11/08/00 8,000 $12.95 11/14/00 42,800 $13.40 11/15/00 1,500 $13.54
Except as described herein, since the filing of the Schedule 13D with the SEC, none of the Reporting Persons has effected any transaction in the Common Stock. (d)-(e) Not applicable. ITEM 7. INTEREST IN SECURITIES OF THE ISSUER. The information in Item 7 is hereby amended and restated as follows: Exhibit A Joint Filing Agreement. Exhibit B Stock Purchase Agreement by and among Tennenbaum & Co., LLC and the other parties listed under the heading "Buyer" on the signature pages thereto and Matthew L. Gold and the other parties listed under the heading 13 Page 13 of 15 "Seller" on the signature pages thereto dated September 7, 1999 (attached as an exhibit to the Schedule 13D). Exhibit C Limited Liability Company Agreement of TCO/PSI, LLC dated September 7, 1999 (attached as an exhibit to the Schedule 13D). 14 Page 14 of 15 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: November 16, 2000 TCO/PSI, LLC By: /s/ Michael E. Tennenbaum ------------------------------------- Michael E. Tennenbaum, its Managing Member TENNENBAUM & CO., LLC By: /s/ Michael E. Tennenbaum ------------------------------------ Michael E. Tennenbaum, its Managing Member SPECIAL VALUE BOND FUND, LLC By: SVIM/MSM, LLC, its Managing Member By: Tennenbaum & Co., LLC, its Managing Member By: /s/ Michael E. Tennenbaum ---------------------------- Michael E. Tennenbaum, its Managing Member SVIM/MSM, LLC By: Tennenbaum & Co., LLC, its Managing Member By: /s/ Michael E. Tennenbaum -------------------------------- Michael E. Tennenbaum, its Managing Member SPECIAL VALUE INVESTMENT MANAGEMENT, LLC By: Tennenbaum & Co., LLC, its Managing Member By: /s/ Michael E. Tennenbaum -------------------------------- Michael E. Tennenbaum, its Managing Member 15 Page 15 of 15 /s/ Michael E. Tennenbaum ---------------------------------------- MICHAEL E. TENNENBAUM MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY By: /s/ Walter T. Dwyer ------------------------------------ Name: Walter T. Dwyer Title: a Managing Director MASSMUTUAL HIGH YIELD PARTNERS II, LLC By: HYP MANAGEMENT INC., as Managing Member By: /s/ Walter T. Dwyer ------------------------------------ Name: Walter T. Dwyer Title: Vice President RUSTIC CANYON VENTURES, L.P. By: Rustic Canyon Partners, LLC, as General Partner By: /s/ Thomas Unterman -------------------------- Name: Thomas Unterman Title: Managing Member 16 EXHIBIT INDEX Exhibit A Joint Filing Agreement. Exhibit B Stock Purchase Agreement by and among Tennenbaum & Co., LLC and the other parties listed under the heading "Buyer" on the signature pages thereto and Matthew L. Gold and the other parties listed under the heading "Seller" on the signature pages thereto dated September 7, 1999 (attached as an exhibit to the Schedule 13D). Exhibit C Limited Liability Company Agreement of TCO/PSI, LLC dated September 7, 1999 (attached as an exhibit to the Schedule 13D).
17 Exhibit A JOINT FILING AGREEMENT In accordance with Rule 13d-1(k) of the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a Statement on Schedule 13D (including any and all amendments thereto) with respect to the Common Stock, par value $0.0001 per share, of Pemco Aviation Group, Inc., and further agree that this Agreement shall be included as an Exhibit to such joint filing. The undersigned further agree that each party hereto is responsible for timely filing of such statement on Schedule 13D and any amendments thereto, and for the completeness and accuracy of the information concerning such party contained therein; provided that no party is responsible for the completeness or accuracy of the information concerning the other parties, unless such party knows or has reason to believe that such information is inaccurate. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original instrument, but all of such counterparts together shall constitute but one agreement. In evidence thereof the undersigned, being duly authorized, hereby execute this Agreement this 16th day of November, 2000. TCO/PSI, LLC By: /s/ Michael E. Tennenbaum ------------------------- Michael E. Tennenbaum its Managing Member TENNENBAUM & CO., LLC By: /s/ Michael E.Tennenbaum ------------------------ Michael E. Tennenbaum, its Managing Member SPECIAL VALUE BOND FUND, LLC By: SVIM/MSM, LLC, its Managing Member By: Tennenbaum & Co., LLC, its Managing Member By: /s/ Michael E. Tennenbaum ------------------------- Michael E. Tennenbaum, its Managing Member A-1 18 By: Tennenbaum & Co., LLC, its Managing Member By: /s/ Michael E. Tennenbaum ----------------------------- Michael E. Tennenbaum, its Managing Member SPECIAL VALUE INVESTMENT MANAGEMENT, LLC By: Tennenbaum & Co., LLC, its Managing Member By: /s/ Michael E. Tennenbaum ----------------------------- Michael E. Tennenbaum, its Managing Member /s/ Michael E. Tennenbaum -------------------------- MICHAEL E. TENNENBAUM MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY By: /s/ Walter T. Dwyer -------------------------- Name: Walter T. Dwyer Title: a Managing Director MASSMUTUAL HIGH YIELD PARTNERS II, LLC By: HYP MANAGEMENT INC., as Managing Member By: /s/ Walter T. Dwyer --------------------- Name: Walter T. Dwyer Title: Vice President RUSTIC CANYON VENTURES, L.P. By: Rustic Canyon Partners, LLC, as General Partner By: /s/ Thomas Unterman ----------------------- Name: Thomas Unterman Title: Managing Member A-2 -----END PRIVACY-ENHANCED MESSAGE-----