-----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, KJZ7dh2Q/HwZ+hrDui+xHUFdMjdPLNWd7UfRgLKuiGNXJq66jaSL6VmIcuOzEbRm Q4MRZfScc4NMtNsPpLC7KA== 0001131157-01-500007.txt : 20010911 0001131157-01-500007.hdr.sgml : 20010911 ACCESSION NUMBER: 0001131157-01-500007 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010910 GROUP MEMBERS: DIAMOND INVESTMENTS, LLC GROUP MEMBERS: JEFFREY W. OSLER GROUP MEMBERS: OBSIDIAN CAPITAL COMPANY, LLC GROUP MEMBERS: OBSIDIAN CAPITAL PARTNERS, LP GROUP MEMBERS: TERRY G. WHITESELL GROUP MEMBERS: TIMOTHY S. DURHAM SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DANZER CORP CENTRAL INDEX KEY: 0000825521 STANDARD INDUSTRIAL CLASSIFICATION: SHEET METAL WORK [3444] IRS NUMBER: 133431486 STATE OF INCORPORATION: NY FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-40250 FILM NUMBER: 1733947 BUSINESS ADDRESS: STREET 1: 17500 YORK RD STREET 2: UNIT 1 APPLE TREE LANE CITY: HAGERSTOWN STATE: MD ZIP: 21740 BUSINESS PHONE: 3015822000 MAIL ADDRESS: STREET 1: 17500 YORK RD STREET 2: UNIT 1 APPLE TREE LANE CITY: HAGERTOWN STATE: MD ZIP: 21740 FORMER COMPANY: FORMER CONFORMED NAME: AFFILIATED NATIONAL INC DATE OF NAME CHANGE: 19890716 FORMER COMPANY: FORMER CONFORMED NAME: GLOBAL ENVIRONMENTAL CORP DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DURHAM TIMOTHY S CENTRAL INDEX KEY: 0001131157 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 111 MONUMENT CIRCLE STREET 2: SUITE 3680 CITY: INDIANAPOLIS STATE: IN ZIP: 46204 BUSINESS PHONE: 3172374122 MAIL ADDRESS: STREET 1: 111 MONUMENT CIRCLE STREET 2: SUITE 3680 CITY: INDIANAPOLIS STATE: IN ZIP: 46204 SC 13D/A 1 danz13d-.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* Danzer Corporation 11:-------------------------------------------------------------------- (Name of Danzer) Common Stock (underlying Series C Convertible Preferred Stock) 16:-------------------------------------------------------------------- (Title of Class of Securities) 23700P109 20:-------------------------------------------------------------------- (CUSIP Number) Jeffrey M. Sone, Esq. 901 Main Street, Suite 6000 Dallas, Texas 75202 (214) 953-6000 28:-------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) July 27, 2001 33:-------------------------------------------------------------------- (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 [_]. *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. 23700P109 13D Page 2 of 12 ----------------- - - ------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Timothy S. Durham - - ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [_] (B) [_] - - ------------------------------------------------------------------------------ 3 SEC USE ONLY - - ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS* OO & PF - - ------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] - - ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - - ------------------------------------------------------------------------------ 7 SOLE VOTING POWER NUMBER OF 7,008,440 SHARES BENEFICIALLY OWNED BY ----------------------------------------------------------- 8 SHARED VOTING POWER EACH 68,383,866 (these shares may be deemed to be directly REPORTING owned by Mr.Durham (a) due to his position as a managing member of Obsidian Capital Company, LLC, PERSON which is the general partner of Obsidian Capital Partners, LP, which directly owns 3,352,963 shares of WITH Series C Convertible Preferred Stock/1/; (b) due to his position as the managing member of Durham Whitesell and Associates, LLC, which directly owns 27,140 shares of Common Stock; and (c) due to his position as the managing member of Diamond Investments, LLC, which directly owns 1,297,466/1/.) ----------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 7,008,440 ----------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 68,383,866 - - ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 75,392,306 - - ------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] - - ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 73%(calculated to take into account as outstanding shares the conversion of the Series C Convertible Preferred Stock/1/ that may be deemed to be beneficially owned by Mr. Durham) - - ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* IN - - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! ____________________________ /1/ Series C Convertible Preferred Stock is convertible into 20 shares of Common Stock and each share of Series C Convertible Preferred Stock votes at the rate of 20 votes for each share of Series C Convertible Preferred Stock. CUSIP NO. 23700P109 13D Page 3 of 12 ----------------- - - ------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Obsidian Capital Partners, LP - - ------------------------------------------------------------------------------ 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 ITEMS 2(d) or 2(e) [_] - - ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - - ------------------------------------------------------------------------------ 7 SOLE VOTING POWER NUMBER OF 0 SHARES BENEFICIALLY OWNED BY ----------------------------------------------------------- 8 SHARED VOTING POWER EACH 67,059,260 (these shares may be deemed to be directly REPORTING owned by Obsidian Capital Partners, LP due to its direct ownership of 3,352,963 shares of Series C PERSON Convertible Preferred Stock/1/. Shared voting power may be deemed to be held by Obsidian Capital WITH Partners, LP, Obsidian Capital Company, L.L.C., which is the general partner of Obsidian Capital Partners, LP and the managing members of Obsidian Capital Company, LLC, which include Timothy Durham, Terry G. Whitesell and Jeffrey W. Osler.) ----------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 ----------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 67,059,260 - - ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 67,059,260 - - ------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] - - ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 65.1% (calculated to take into account as outstanding shares the conversion of the Series C Convertible Preferred Stock/1/ that may be deemed to be beneficially owned by Obsidian Capital Partners, LP) - - ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* PN - - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! ____________________________ /1/ Series C Convertible Preferred Stock is convertible into 20 shares of Common Stock and each share of Series C Convertible Preferred Stock votes at the rate of 20 votes for each share of Series C Convertible Preferred Stock. CUSIP NO. 23700P109 13D Page 3 of 12 ----------------- - - ------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Diamond Investments, LLC 35-2088657 - - ------------------------------------------------------------------------------ 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 ITEMS 2(d) or 2(e) [_] - - ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Indiana - - ------------------------------------------------------------------------------ 7 SOLE VOTING POWER NUMBER OF o SHARES BENEFICIALLY OWNED BY ----------------------------------------------------------- 8 SHARED VOTING POWER EACH 1,306,966 (these shares may be deemed to be directly owned by Diamond Investments, LLC ("Diamond"). Shared voting power may be deemed to be held by Diamond and Timothy S. Durham, who is the managing member of Diamond. ----------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 ----------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - - ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,306,966 - - ------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] - - ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.3% - - ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* CO - - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! ____________________________ CUSIP NO. 23700P109 13D Page 4 of 12 ----------------- - - ------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Obsidian Capital Company, LLC - - ------------------------------------------------------------------------------ 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 ITEMS 2(d) or 2(e) [_] - - ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Indiana - - ------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES 0 ----------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 67,059,260 (these shares may be deemed to be indirectly owned by Obsidian Capital Company, LLC, EACH due to its position as the general partner of Obsidian Capital Partners, LP, which directly owns REPORTING 3,352,963 shares of Series C Convertible Preferred Stock/1/. Shared voting power for these shares may PERSON be deemed to be held by Obsidian Capital Partners, LP, Obsidian Capital Company, LLC due to the WITH relationship described above, and by the managing members of Obsidian Capital Company, LLC, which include Timothy S. Durham, Terry G. Whitesell and Jeffrey W. Osler.) ----------------------------------------------------------- 9 SOLE DISPOSITIVE POWER O ----------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 67,059,260 - - ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 67,059,260 - - ------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] - - ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 65.1% (calculated to take into account as oustanding shares the conversion of the Series C Convertible Preferred Stock/1/ that may be deemed to be beneficially owned by Obsidian Capital Company, LLC) - - ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* OO - - ------------------------------------------------------------------------------ * SEE INSTRUCTIONS BEFORE FILLING OUT! _______________________________ /1/ Series C Convertible Preferred Stock is convertible into 20 shares of Common Stock and each share of Series C Convertible Preferred Stock votes at the rate of 20 votes for each share of Series C Convertible Preferred Stock. CUSIP NO. 23700P109 13D Page 5 of 12 ----------------- 399:-------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S OR I.R.S. IDENTIFICATION NO. OF PERSON Terry G. Whitesell 403:-------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [_] (B) [_] 406:-------------------------------------------------------------- 3 SEC USE ONLY 408:-------------------------------------------------------------- 4 SOURCE OF FUNDS* OO 411:-------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 415:-------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States 419:-------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 6,885,840 OWNED BY EACH REPORTING PERSON WITH ---------------------------------------------------------------- 8 SHARED VOTING POWER 67,086,400 (these shares may be deemed to be indirectly owned by Mr. Whitesell (a) due to his position as a managing member of Obsidian Capital Company, LLC, which is the general partner of Obsidian Capital Partners, LP, which directly owns 3,352,963 shares of Series C Convertible Preferred Stock/1/; and (b) due to his position as the managing member of Durham Whitesell and Associates, LLC, which directly owns 27,140 shares of Common Stock/1/.) ---------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 6,885,840 ---------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 67,086,400 - - ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 73,972,240 - - ------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] - - ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 71.8% (calculated to take into account as outstanding shares the conversion of the Series C Convertible Preferred Stock/1/ that may be deemed to be beneficially owned by M. Whitesell) - - ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* IN - - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! ____________________________ /1/ Series C Convertible Preferred Stock is convertible into 20 shares of Common Stock and each share of Series C Convertible Preferred Stock votes at the rate of 20 votes for each share of Series C Convertible Preferred Stock. CUSIP NO. 23700P109 13D Page 6 of 12 ----------------- 485:--------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Jeffrey W. Osler 489:------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [_] (B) [_] 492:------------------------------------------------------------- 3 SEC USE ONLY 494:------------------------------------------------------------- 4 SOURCE OF FUNDS* OO & PF 497:------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 501:------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States 505:------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 816,000 OWNED BY EACH REPORTING PERSON WITH ---------------------------------------------------------------- 8 SHARED VOTING POWER 67,059,260 (these shares may be deemed to be indirectly owned by Mr. Osler due to his position as a managing member of Obsidian Capital Company. LLC, which is the general partner of Obsidian Capital Partners, LP, which directly owns 3,352,963 shares of Series C Convertible Preferred Stock/1/.) ---------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 816,000 ---------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 67,059,260 - - ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 67,875,260 - - ------------------------------------------------------------------------------ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] - - ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 65.9% (calculated to take into account as outstanding shares the conversion of the Series C Convertible Preferred Stock/1/ that may be deemed to be beneficially owned by Mr. Osler) - - ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* IN - - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! ____________________________ /1/ Series C Convertible Preferred Stock is convertible into 20 shares of Common Stock and each share of Series C Convertible Preferred Stock votes at the rate of 20 votes for each share of Series C Convertible Preferred Stock. CUSIP NO.23700P109 13D Page 7 of 12 ITEM 1. SECURITY AND ISSUER. This statement relates to shares of common stock, $0.0001 par value per share (the "Common Stock") of Danzer Corporation, a New York corporation ("Danzer"), underlying shares of Series C Convertible Preferred Stock issued in the transaction described under Item 3. Series C Convertible Preferred Stock is convertible into 20 shares of Common Stock and each share of Series C Convertible Preferred Stock votes at the rate of 20 votes for each share of Series C Convertible Preferred Stock (the "Series C Convertible Preferred Stock"). A copy of the Certificate of Amendment of the Certificate of Incorporation of Danzer Corporation setting forth the rights and preferences of the Series Convertible Preferred Stock is attached to this Report as Exhibit 2. The principal executive offices of Danzer are located at 17500 York Road, Hagerstown, Maryland 21740. ITEM 2. IDENTITY and BACKGROUND. Pursuant to Rule 13d-1(a) of Regulation 13D of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended (the "Act"), this Schedule 13D Amendment is hereby jointly filed by the following persons (collectively, the "Reporting Persons"): Obsidian Capital Partners, LP, a Delaware limited partnership (the "Partnership"); Obsidian Capital Company, LLC, an Indiana limited liability company ("OCC"); Timothy S. Durham, Terry G. Whitesell, Jeffrey W. Osler, and Diamond Investments, LLC ("Diamond"). The Partnership is a Delaware limited partnership principally engaged in the business of investing in historically profitable small and middle market companies in basic industries, such as manufacturing, distribution and services. The address of the principal offices of the Partnership, which is also its principal business address, is 111 Monument Circle, Suite 3680, Indianapolis, Indiana 46204. OCC is an Indiana limited liability company. OCC is the general partner of the Partnership and is a leveraged buyout fund that specializes in buying controlling positions in middle market companies. The address of the principal offices of OCC, which is also its principal business address, is 111 Monument Circle, Suite 3680, Indianapolis, Indiana 46204. Mr. Durham is a citizen of the United States and his principal address is 111 Monument Circle, Suite 3680, Indianapolis, Indiana 46204. Mr. Durham serves as the Chairman and Chief Executive Officer of Danzer and a Managing Member and Chief Executive Officer of OCC. The address of the principal offices of Danzer is 17500 York Road, Hagerstown, Maryland 21740. The address of the principal offices of OCC is 111 Monument Circle, Suite 3680, Indianapolis, Indiana 46204. Mr. Whitesell is a citizen of the United States and his principal address is 111 Monument Circle, Suite 3680, Indianapolis, Indiana 46204. Mr. Whitesell serves as the President and Chief Operating Officer of Danzer and a Managing Member of OCC. The address of the principal offices of OCC is 111 Monument Circle, Suite 3680, Indianapolis, Indiana 46204. CUSIP NO.23700P109 13D Page 8 of 12 Mr. Osler is a citizen of the United States and his principal address is 111 Monument Circle, Suite 3680, Indianapolis, Indiana 46204. Mr. Osler serves as Executive Vice President, Secretary and Treasurer of Danzer and a Managing Member of OCC. The address of the principal offices of OCC is 111 Monument Circle, Suite 3680, Indianapolis, Indiana 46204. Diamond is an Indiana limited liability Company. Diamond is the personal investment vehicle of Timothy S. Durham and certain of his immediate family. Durham has majority pwnership and voting control of Diamond. The address of the principal office is 111 Monument Circle Suite 3680, Indianapolis, Indiana 46240. During the last five years, none of the Reporting Persons (i) has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) was 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 judgment, 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. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. On June 21, 2001, Danzer and Danzer Industries, Inc. entered into an Acquisition Agreement and Plan of Reorganization with Pyramid Coach, Inc. ("Pyramid"), Champion Trailer, Inc. ("Champion Trailer"), United Acquisition, Inc., U.S. Rubber Reclaiming, Inc. ("U.S. Rubber"), the Partnership and Timothy S. Durham wherein Danzer agreed to acquire all of the outstanding capital stock of Pyramid, Champion Trailer, United Acquisition and U.S. Rubber from the Partnership and certain other shareholders for an aggregate of 4,177,855 shares of Series C Convertible Preferred Stock. Contemporaneously with the execution and delivery of the Acquisition Agreement and Plan of Reorganization, Danzer and the Partnership consummated the first closing (the "First Closing") wherein all of the outstanding equity securities of Pyramid, Champion Trailer, and U.S. Rubber were acquired by Danzer in consideration of 1,970,962 shares of the Series C Preferred Stock in the aggregate (the Reporting Persons acquired the shares described in the cover pages of this Statement). Danzer and the Partnership consummated the second closing (the"Second Closing") wherein all of the outstanding equity securities of United Expressline, Inc. ("United Expressline") were acquired by Danzer in consideration of 2,206,893 shares of its Series C Convertible Preferred Stock to the Partnership,which is convertible into 44,137,860 shares of Common Stock. United Expressline manufactures racing and cargo trailers. The Partnership itself is currently acquiring United Expressline from unrelated third parties. ITEM 4. PURPOSE OF TRANSACTION. The contents of Item 3 above are hereby incorporated by reference. Upon consummation of the First Closing, Russell Cleveland resigned from the Board of Directors of Danzer and Timothy S. Durham was nominated to fill the vacancy created by Mr. CUSIP NO.23700P109 13D Page 9 of 12 Cleveland's resignation and was elected Chief Executive Officer of Danzer. In addition to his appointment to the Board of Directors, Mr. Durham was elected as Chairman of the Board of Directors of Danzer. By virtue of his direct and indirect holdings of securities of Danzer and his positions as Chief Executive Officer and Chairman of the Board, Mr. Durham may be deemed to control Danzer and involved in Danzer's business operations. Additionally, Mr. Durham may recommend engaging in the activities listed in (a) through (i) under the instructions to Item 4 of Schedule 13D, including recommending that Danzer reincorporate in the State of Delaware. Danzer plans to seek shareholder approval to amend its charter to increase the authorized shares of common stock. Danzer has also agreed to expand its Board of Directors to seven members and to nominate and elect a new slate of directors at the next Danzer Shareholders' meeting. After the First Closing, Terry G. Whitesell was appointed President and Chief Operating Officer of Danzer and Jeffrey W. Osler was elected Executive Vice President, Secretary and Treasurer of Danzer. John Schmit of Renaissance Capital Partners was also elected to the Board of Directors. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. The contents of the cover page of this Statement are incorporated by reference into this Item 5 for each Reporting Person. Additionally, the following is a list of transactions in Danzer Common Stock during the period prior to August 17, 2001 for each Reporting Person that had transactions: Timothy S. Durham
Date of Price Per Amount of Transaction Share Common Stock Where and How Effected 7/2/2001 $0.2600 500 Broker transaction on the OTC Bulletin Board 7/23/2001 $0.2400 4,000 Broker transaction on the OTC Bulletin Board 7/18/2001 $0.2400 500 Broker transaction on the OTC Bulletin Board 7/18/2001 $0.1800 50,000 Broker transaction on the OTC Bulletin Board 7/18/2001 $0.1700 36,000 Broker transaction on the OTC Bulletin Board 7/18/2001 $0.2120 50,000 Broker transaction on the OTC Bulletin Board 7/19/2001 $0.1800 5,000 Broker transaction on the OTC Bulletin Board 7/20/2001 $0.1600 18,000 Broker transaction on the OTC Bulletin Board 7/20/2001 $0.1700 15,000 Broker transaction on the OTC Bulletin Board 7/23/2001 $0.2000 35,000 Broker transaction on the OTC Bulletin Board 7/23/2001 $0.2000 50,000 Broker transaction on the OTC Bulletin Board 7/23/2001 $0.2000 19,500 Broker transaction on the OTC Bulletin Board 7/24/2001 $0.2300 8,000 Broker transaction on the OTC Bulletin Board 7/24/2001 $0.2300 10,000 Broker transaction on the OTC Bulletin Board 7/25/2001 $0.2400 5,000 Broker transaction on the OTC Bulletin Board 7/25/2001 $0.2400 5,000 Broker transaction on the OTC Bulletin Board 7/25/2001 $0.2300 15,000 Broker transaction on the OTC Bulletin Board 7/25/2001 $0.2300 7,000 Broker transaction on the OTC Bulletin Board 7/25/2001 $0.2300 12,000 Broker transaction on the OTC Bulletin Board 7/26/2001 $0.2300 10,000 Broker transaction on the OTC Bulletin Board 7/26/2001 $0.2600 5,000 Broker transaction on the OTC Bulletin Board 7/26/2001 $0.2300 15,000 Broker transaction on the OTC Bulletin Board 7/27/2001 $0.2400 10,000 Broker transaction on the OTC Bulletin Board 7/27/2001 $0.2500 9,600 Broker transaction on the OTC Bulletin Board 7/27/2001 $0.2800 5,000 Broker transaction on the OTC Bulletin Board 7/27/2001 $0.2700 10,000 Broker transaction on the OTC Bulletin Board 7/27/2001 $0.2700 10,000 Broker transaction on the OTC Bulletin Board 7/27/2001 $0.2500 20,000 Broker transaction on the OTC Bulletin Board 7/27/2001 $0.2700 10,000 Broker transaction on the OTC Bulletin Board 7/27/2001 $0.2800 10,000 Broker transaction on the OTC Bulletin Board 7/27/2001 $0.2600 15,000 Broker transaction on the OTC Bulletin Board 7/27/2001 $0.2800 10,000 Broker transaction on the OTC Bulletin Board 7/30/2001 $0.2900 15,000 Broker transaction on the OTC Bulletin Board 7/30/2001 $0.2900 10,000 Broker transaction on the OTC Bulletin Board 7/30/2001 $0.2700 12,000 Broker transaction on the OTC Bulletin Board 7/30/2001 $0.2900 7,000 Broker transaction on the OTC Bulletin Board 7/30/2001 $0.3000 5,000 Broker transaction on the OTC Bulletin Board 7/30/2001 $0.2800 10,000 Broker transaction on the OTC Bulletin Board 7/31/2001 $0.2880 40,000 Broker transaction on the OTC Bulletin Board 7/31/2001 $0.3000 2,000 Broker transaction on the OTC Bulletin Board 7/31/2001 $0.3100 7,500 Broker transaction on the OTC Bulletin Board 7/31/2001 $0.2900 10,000 Broker transaction on the OTC Bulletin Board 7/31/2001 $0.2870 30,000 Broker transaction on the OTC Bulletin Board 7/31/2001 $0.2900 15,000 Broker transaction on the OTC Bulletin Board 7/31/2001 $0.2850 15,000 Broker transaction on the OTC Bulletin Board 8/1/2001 $0.3100 53,000 Broker transaction on the OTC Bulletin Board 8/1/2001 $0.3250 10,000 Broker transaction on the OTC Bulletin Board 8/1/2001 $0.3100 15,000 Broker transaction on the OTC Bulletin Board 8/1/2001 $0.3070 17,684 Broker transaction on the OTC Bulletin Board 8/1/2001 $0.3150 (20,000) Broker transaction on the OTC Bulletin Board 8/1/2001 $0.3300 18,000 Broker transaction on the OTC Bulletin Board 8/2/2001 $0.3600 10,282 Broker transaction on the OTC Bulletin Board 8/2/2001 $0.3570 (22,500) Broker transaction on the OTC Bulletin Board 8/2/2001 $0.3560 14,000 Broker transaction on the OTC Bulletin Board 8/2/2001 $0.3700 (3,100) Broker transaction on the OTC Bulletin Board 8/3/2001 $0.3600 43,000 Broker transaction on the OTC Bulletin Board 8/3/2001 $0.3600 10,000 Broker transaction on the OTC Bulletin Board 8/3/2001 $0.3800 (7,600) Broker transaction on the OTC Bulletin Board 8/6/2001 $0.3600 22,300 Broker transaction on the OTC Bulletin Board 8/6/2001 $0.3700 44,800 Broker transaction on the OTC Bulletin Board 8/6/2001 $0.3700 20,000 Broker transaction on the OTC Bulletin Board 8/6/2001 $0.3700 15,000 Broker transaction on the OTC Bulletin Board 8/6/2001 $0.3900 (22,500) Broker transaction on the OTC Bulletin Board 8/7/2001 $0.3700 26,000 Broker transaction on the OTC Bulletin Board 8/7/2001 $0.3700 62,200 Broker transaction on the OTC Bulletin Board 8/9/2001 $0.3700 10,000 Broker transaction on the OTC Bulletin Board 8/9/2001 $0.3700 15,000 Broker transaction on the OTC Bulletin Board 8/9/2001 $0.3700 43,800 Broker transaction on the OTC Bulletin Board 8/9/2001 $0.3700 112,500 Broker transaction on the OTC Bulletin Board 8/10/2001 $0.3640 50,800 Broker transaction on the OTC Bulletin Board 8/10/2001 $0.3640 45,000 Broker transaction on the OTC Bulletin Board 8/10/2001 $0.3600 12,000 Broker transaction on the OTC Bulletin Board 8/10/2001 $0.3600 10,000 Broker transaction on the OTC Bulletin Board 8/17/2001 $0.3600 4,200 Broker transaction on the OTC Bulletin Board 8/17/2001 $0.3600 15,000 Broker transaction on the OTC Bulletin Board 7/9/2001 $0.1800 11,000 Broker transaction on the OTC Bulletin Board 7/9/2001 $0.2000 24,000 Broker transaction on the OTC Bulletin Board 7/9/2001 $0.1700 20,000 Broker transaction on the OTC Bulletin Board 7/11/2001 $0.1700 500 Broker transaction on the OTC Bulletin Board
CUSIP NO.23700P109 13D Page 10 of 12 Jeffrey Osler
Date of Amount of Price Per Where and How Effected Transaction Common Stock Share 07/05/01 2,400 0.210 Broker transaction on the OTC Bulletin Board
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. The contents of Items 3 and 4 are hereby incorporated by reference. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Exhibit 1: Acquisition Agreement and Plan of Reorganization dated June 21, 2001 - - --------- by and among Danzer Corporation, Danzer Industries, Inc., Pyramid Coach, Inc., Champion Trailer, Inc., United Acquisition, Inc., U.S. Rubber Reclaiming, Inc., Obsidian Capital Partners, LP and Timothy S. Durham. Exhibit 2: Certificate of Amendment of the Certificate of Incorporation of Danzer Corporation Exhibit 3: Agreement of Joint Filing of Schedule 13D - - --------- CUSIP NO.23700P109 13D Page 11 of 12 SIGNATURES AND POWER OF ATTORNEY After reasonable inquiry and to the best of the knowledge and belief of the undersigned, the undersigned certify that the information set forth in this statement is true, complete and correct. DATED: August 29, 2001 OBSIDIAN PARTNERS, L.P. Obsidian Capital Company, LLC its Managing General Partner By: /s/Timothy S. Durham -------------------------------- Name: Timothy S. Durham Its: Managing Member OBSIDIAN CAPITAL COMPANY, LLC By: /s/Timothy S. Durham -------------------------------- Name: Timothy S. Durham Its: Managing Member /s/Timothy S. Durham -------------------------------- Timothy S. Durham /s/Terry G. Whitesell -------------------------------- Terry G. Whitesell /s/Jeffrey W. Osler -------------------------------- Jeffrey W. Osler DIAMOND INVESTMENTS, LLC By: /s/Timothy S. Durham -------------------------------- Name: Timothy S. Durham Its: Managing Member -----END PRIVACY-ENHANCED MESSAGE-----