-----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, KqFbbxnP6lgRbWhNgUZEvr0qr42/thSaRwJe8P0yZ5+1NFd/e8OsE4sKs+OG3fYo i5sPQ5uziCIg1l9dUqV7Hg== 0000950147-03-000018.txt : 20030114 0000950147-03-000018.hdr.sgml : 20030114 20030109123305 ACCESSION NUMBER: 0000950147-03-000018 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030109 GROUP MEMBERS: EDWARD J. MARTORI GROUP MEMBERS: JOSEPH P. MARTORI GROUP MEMBERS: MARTORI ENTERPRISES INCORPORATED FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MARTORI JOSEPH P CENTRAL INDEX KEY: 0001205707 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 2609 E BEEKMAN PLACE CITY: PHOENIX STATE: AZ ZIP: 85016 BUSINESS PHONE: 6029572777 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ILX RESORTS INC CENTRAL INDEX KEY: 0000819551 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE DEALERS (FOR THEIR OWN ACCOUNT) [6532] IRS NUMBER: 860564171 STATE OF INCORPORATION: AZ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-39900 FILM NUMBER: 03508800 BUSINESS ADDRESS: STREET 1: 2111 E HIGHLAND AVE STREET 2: STE 210 CITY: PHOENIX STATE: AZ ZIP: 85016 BUSINESS PHONE: 6029572777 MAIL ADDRESS: STREET 1: 2111 E HIGHLAND AVE STREET 2: STE 210 CITY: PHOENIX STATE: AZ ZIP: 85016 FORMER COMPANY: FORMER CONFORMED NAME: INTERNATIONAL LEISURE ENTERPRISES INC /AZ/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: ILX INC/AZ/ DATE OF NAME CHANGE: 19930726 SC 13D/A 1 e-9412.txt AMENDMENT NO. 2 TO SCHEDULE 13D OMB APPROVAL OMB Number: 3235-0145 Expires: December 31, 2005 Estimated average burden hours per response..... 11 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D/A UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 2)* ILX RESORTS INCORPORATED (formerly ILX Incorporated which was formerly known as International Leisure Enterprises Incorporated) - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, No Par Value, Series A Preferred Stock, $10.00 Par Value and Series C, $10.00 Par Value - -------------------------------------------------------------------------------- (Title of Class of Securities) 449661503 - -------------------------------------------------------------------------------- (CUSIP Number) Joseph P. Martori, Sr., 2111 East Highland Avenue, Suite 210, Phoenix, AZ 85016 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 1, 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 ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ ] NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See ss.240.13d-7 for other parties to whom copies are to be sent. * 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 ("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). CUSIP No. 449661503 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Martori Enterprises Incorporated, I.R.S. Identification No. not reported - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) [ ] (a) [ ] (b) - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization. Arizona corporation - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power Shares 854,110 Beneficially 340 shares of Series A Preferred Stock Owned by ------------------------------------------------------------ Each 8. Shared Voting Power Reporting Person With ------------------------------------------------------------ 9. Sole Dispositive Power 854,110 340 shares of Series A Preferred Stock ------------------------------------------------------------ 10. Shared Dispositive Power - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 854,110 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 29% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- 2 CUSIP No. 449661503 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Joseph P. Martori - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) [ ] (a) [ ] (b) - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) Not Applicable - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization. U.S. Citizen - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power Shares 268,403 Beneficially ------------------------------------------------------------ Owned by 8. Shared Voting Power Each 862,282 Reporting ------------------------------------------------------------ Person With 9. Sole Dispositive Power 268,403 ------------------------------------------------------------ 10. Shared Dispositive Power 862,282 - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,130,685 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 39% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- 3 CUSIP No. 449661503 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Edward J. Martori - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) [ ] (a) [ ] (b) - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization. U.S. Citizen - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power Shares 31,551 Beneficially ------------------------------------------------------------ Owned by 8. Shared Voting Power Each 0 Reporting ------------------------------------------------------------ Person With 9. Sole Dispositive Power 31,551 ------------------------------------------------------------ 10. Shared Dispositive Power 0 - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 31,551 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 1.08% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- 4 ITEM 1. SECURITY AND ISSUER Title of Class of Equity Securities: Common Stock, No Par Value Series A Preferred, $10.00 par value Name of Issuer: ILX Resorts Incorporated Address of Issuers Principal Executive Offices: 2111 East Highland Avenue Suite 210 Phoenix, Arizona 85016 ITEM 2. IDENTITY AND BACKGROUND. REPORTING PERSON NO. 1 (a) Name: Martori Enterprises Incorporated, an Arizona corporation Principal Business: Investment Company (b) Address: 2111 East Highland Avenue Suite 210 Phoenix, Arizona 85016 (c) Not applicable (d) Criminal Prosecutions: None (e) Federal or State Securities violations: None (f) Citizenship: Not applicable ** See attached Schedule 1 for Officers and Directors of Reporting Person No. 1. REPORTING PERSON NO. 2 (a) Name: Joseph P. Martori (b) Address: 2111 East Highland Avenue Suite 210 Phoenix, Arizona 85016 (c) Principal Occupation: Chief Executive Officer ILX Resorts Incorporated 2111 East Highland Avenue Suite 210 Phoenix, Arizona 85016 (d) Criminal Prosecutions: None (e) Federal or State Securities violations: None (f) Citizenship: U.S. Citizen REPORTING PERSON NO. 3 (a) Name: Edward John Martori (b) Address: 2111 East Highland Avenue Suite 210 Phoenix, Arizona 85016 5 (c) Principal Occupation: Self Employed (d) Criminal Prosecutions: None (e) Federal or State Securities violations: None (f) Citizenship: U.S. Citizen ITEM NO. 3 SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION Not Applicable ITEM NO. 4 PURPOSE OF TRANSACTION Joseph P. Martori ("JPM") beneficially owns in excess of 10% of Issuer's common stock. Martori Enterprises Incorporated, an Arizona corporation ("MEI") beneficially owns in excess of 10% of Issuer's common stock. Edward John Martori ("EJM") formerly beneficially owned in excess of 10% of Issuer's common stock. Effective January 1, 2003, MEI, JPM and EJM entered into that certain Stock and Note Purchase Agreement (the "Agreement") wherein existing promissory notes from MEI to EJM and JPM in the amount of $2,120,727.00 were cancelled and MEI then issued a new promissory note to JPM in the amount of $2,264,500.00 (the "MEI Note"). In the same transaction, JPM purchased all of the common stock of MEI owned by EJM for the purchase price of $3,270,000.00 evidenced by a promissory note in that amount (the "JPM Note"). As collateral to the JPM Note, JPM pledged the MEI note and caused MEI to pledge 200,000 shares of Issuer's stock to EJM. JPM is now the controlling shareholder of MEI as he holds 96% of issued and outstanding stock of MEI. By virtue of his shared disposition and voting power of 39% of Issuer's common stock and his position as Chief Executive Officer and Chairman of Issuer, JPM is in a position to influence and exert control over the business affairs of Issuer. EJM, no longer has sole or shared beneficial ownership of 10% or more of Issuer's common stock, resigned as an officer and director of MEI, following the transactions reported herein, therefore is no longer a Reporting Person. ITEM NO. 5 INTEREST IN SECURITIES OF THE ISSUER Number of Common Shares % of Class ----------------------- ---------- Martori Enterprises Incorporated 854,110 340 shares of Series A Preferred 29% Joseph P. Martori 1,130,685 39% Edward John Martori 31,551 1.08% Joseph P. Martori, Jr. * 38,924 1.33% Mia A. Martori * 7,818 .27% *By virtue of their positions as president and secretary of MEI, their respective ownership in Issuer's common is being reported. ITEM NO. 6 CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. none ITEM NO. 7 MATERIALS TO BE FILED AS EXHIBITS none 6 SIGNATURE 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. 1/08/03 - -------------------------------------------------------------------------------- Date /s/ Joseph P. Martori - -------------------------------------------------------------------------------- Signature Joseph P. Martori, individual - -------------------------------------------------------------------------------- Name/Title 1/08/03 - -------------------------------------------------------------------------------- Date /s/ Joseph P. Martori - -------------------------------------------------------------------------------- Signature Martori Enterprises Incorporated, an Arizona Corporation By: Joseph P. Martori, Chairman - -------------------------------------------------------------------------------- Name/Title The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of the filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement: provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001) SCHEDULE 1 ITEM 2, REPORTING PERSON NO. 1 OFFICERS OF MARTORI ENTERPRISES INCORPORATED Reporting Person No. A (a) Joseph P. Martori, Director and Chief Executive Officer See Item 1 for (b)-(f) of this section Reporting Person No. B (a) Name: Joseph P. Martori, Jr. President (b) Address: 2111 East Highland Avenue Suite 210 Phoenix, Arizona 85016 (c) Principal Occupation: Vice President ILX Resorts Incorporated 2111 East Highland Avenue Suite 210 Phoenix, Arizona 85016 (d) Criminal Prosecutions: None (e) Federal or State Securities violations: None (f) Citizenship: U.S. Citizen Reporting Person No. C (a) Name: Mia A. Martori (b) Address: 2111 East Highland Avenue Suite 210 Phoenix, Arizona 85016 (c) Principal Occupation: Supervisor Sedona Spa Products c/o 2111 East Highland Avenue Suite 210 Phoenix, Arizona 85016 (d) Criminal Prosecutions: None (e) Federal or State Securities violations: None (f) Citizenship: U.S. Citizen 8 -----END PRIVACY-ENHANCED MESSAGE-----