-----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, J6oXeP7MG7HjbKjVD966EAi3jHX8sriNan8pY5mEqXhTWa0oRlKtgEfRvjBm5Dyf bX4HAJ31q+2iBcBg6XvtnQ== 0001047469-97-005725.txt : 19971124 0001047469-97-005725.hdr.sgml : 19971124 ACCESSION NUMBER: 0001047469-97-005725 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19971121 SROS: NASD GROUP MEMBERS: KOHLER CAPITAL MANAGEMENT GROUP MEMBERS: OKABENA PARTNERSHIP K SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DELPHI INFORMATION SYSTEMS INC /DE/ CENTRAL INDEX KEY: 0000814549 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 770021975 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-38591 FILM NUMBER: 97725745 BUSINESS ADDRESS: STREET 1: 3501 ALGONQUIN RD STREET 2: STE 500 CITY: ROLLING MEADOWS STATE: IL ZIP: 60008 BUSINESS PHONE: 7085063100 MAIL ADDRESS: STREET 1: 3501ALGOUQUIN ROAD CITY: ROLLING MEADOWS STATE: IL ZIP: 60008 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: OKABENA PARTNERSHIP K CENTRAL INDEX KEY: 0000904863 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 5140 NORWEST CENTER CITY: MINNEAPOLIS STATE: MN ZIP: 55402-4133 BUSINESS PHONE: 6123397151 MAIL ADDRESS: STREET 1: 5140 NORWEST CENTER CITY: MINNEAPOLIS STATE: MN ZIP: 55402 SC 13D/A 1 SCHEDULE 13D/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 4)* Delphi Information Systems, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 247171101 - -------------------------------------------------------------------------------- (CUSIP Number) Bruce C. Lueck, President Okabena Investment Services, Inc. 5140 Norwest Center 90 South Seventh Street, Minneapolis, MN 55402-4139 (612) 339-7151 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to receive Notices and Communications) November 1, 1997 - -------------------------------------------------------------------------------- (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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ]. Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. *The remainder of this cover page should 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 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 7 CUSIP No. 247171101 - -------------------------------------------------------------------------------- (1) Name of Reporting Person and I.R.S. Identification No.: Okabena Partnership K, a Minnesota general partnership 41-1642281 - -------------------------------------------------------------------------------- (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) [ ] N/A - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization Minnesota - -------------------------------------------------------------------------------- Number of (7) Sole Voting Power 2,384,500 shares Shares Bene- --------------------------------------------------------------------- ficially (8) Shared Voting Power -0- Owned by --------------------------------------------------------------------- Each (9) Sole Dispositive Power -0- Reporting Person --------------------------------------------------------------------- With: (10) Shared Dispositive Power 2,384,500 shares - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 2,384,500 shares - -------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] N/A - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 6.2% - -------------------------------------------------------------------------------- (14) Type of Reporting Person PN Page 2 of 7 CUSIP No. 247171101 - -------------------------------------------------------------------------------- (1) Name of Reporting Person and I.R.S. Identification No.: Kohler Capital Management, Inc., a Minnesota corporation 41-1889625 - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] - -------------------------------------------------------------------------------- (3) SEC Use Only - -------------------------------------------------------------------------------- (4) Source of Funds N/A - -------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] N/A - -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization Minnesota - -------------------------------------------------------------------------------- Number of (7) Sole Voting Power -0- Shares Bene- --------------------------------------------------------------------- ficially (8) Shared Voting Power -0- Owned by --------------------------------------------------------------------- Each (9) Sole Dispositive Power -0- Reporting Person --------------------------------------------------------------------- With: (10) Shared Dispositive Power 2,384,500 shares - -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 2,384,500 shares - -------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] N/A - -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 6.2% - -------------------------------------------------------------------------------- (14) Type of Reporting Person CO Page 3 of 7 ITEM 1. SECURITY AND ISSUER This Amendment No. 4 (the "Amendment") is filed with respect to the common stock of Delphi Information Systems, Inc. (the "Issuer") and amends the original Schedule 13D filed by Okabena Partnership K ("Partnership K") on November 8, 1996, Amendment No. 1 filed November 14, 1996, Amendment No. 2 filed January 31, 1997 and Amendment No. 3 filed June 30, 1997, to reflect, among other things, the addition of a Reporting Person, as set forth in Item 2 below. The additional Reporting Person and Partnership K are sometimes collectively referred to as the Reporting Persons. ITEM 2. IDENTITY AND BACKGROUND (a) - (c). Kohler Capital Management, Inc. ("KCM") has been engaged by Okabena Investment Services, Inc., managing partner of Partnership K to provide portfolio management services and investment advice to Partnership K. The principal office of KCM is Suite 500, Foshay Tower, Minneapolis, MN 55402. The Amendment also effects the withdrawal of Gary S. Kohler, the President of KCM, as a partner of Partnership K as set forth in Exhibit A to the original Schedule 13D. Prior to the formation of KCM, Mr. Kohler was employed by and served as a Vice President of Okabena Investment Services, Inc. (d) and (e). During the last five years, neither of the Reporting Persons has (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgement, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) U.S. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION No change. ITEM 4. PURPOSE OF TRANSACTION No change. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) and (b) See Schedule 13D cover page, rows (7) through (11) inclusive and (13). In a filing with the Securities and Exchange Commission, the Issuer indicates that as of July 31, 1997, it had 36,213,668 shares outstanding when adjusted for the warrants beneficially owned by the Reporting Persons in accordance with Rule 13d-3(d)(1)(i), the percentage calculation at row (13) is based upon 38,213,668 shares. (c) Since the date of Amendment No. 3 to Schedule 13D, Partnership K has engaged in the open market transactions described below, through unaffiliated broker-dealers. Page 4 of 7 Date/Type of Transaction Shares Price Per Share ------------------------ ------ --------------- 9-8-97 Sale 12,000 $1.38 9-9-97 Sale 5,000 1.25 9-15-97 Sale 3,500 1.75 (d) and (e) Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER KCM and Okabena Investment Services, Inc., managing partner of Partnership K, are parties to an investment advisory agreement, pursuant to which KCM is granted discretionary authority to purchase and sell securities in the Partnership K portfolio. KCM does not have voting rights with respect to securities held in the Partnership K portfolio. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Exhibit A: A copy of the written agreement relating to the filing of a joint statement as required by Rule 13d-1(f)(1) under the Securities Exchange Act of 1934, as amended. Page 5 of 7 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. Date: November 18, 1997 OKABENA PARTNERSHIP K By: Okabena Investment Services, Inc. Its Managing Partner By: /s/ Bruce C. Lueck ------------------------------- Bruce C. Lueck, President Date: November 18, 1997 KOHLER CAPITAL MANAGEMENT, INC. By: /s/ Gary S. Kohler ------------------------------- Gary S. Kohler, President Page 6 of 7 EXHIBIT A JOINT FILING AGREEMENT In accordance with Rule 13d-1(f)(1) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned agree that this Amendment to Schedule 13D dated November 18, 1997, relating to Delphi Information Systems, Inc. shall be filed jointly on behalf of each of the undersigned and that this Agreement may be included as an Exhibit to such joint filing. Date: November 18, 1997 OKABENA PARTNERSHIP K By: Okabena Investment Services, Inc. Its Managing Partner By: /s/ Bruce C. Lueck -------------------------------------- Bruce C. Lueck, President Date: November 18, 1997 KOHLER CAPITAL MANAGEMENT, INC. By: /s/ Gary S. Kohler -------------------------------------- Gary S. Kohler, President Page 7 of 7 -----END PRIVACY-ENHANCED MESSAGE-----