-----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, BQpS4mihydfZj0iffBFknZu7JnDnEhMIGktmY/FZiTgee+InJSvc7Xdn5pwjZHmJ SJabLRHwB4cpU7Rv/wCpBA== 0000909518-98-000371.txt : 19980605 0000909518-98-000371.hdr.sgml : 19980605 ACCESSION NUMBER: 0000909518-98-000371 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980604 SROS: NONE GROUP MEMBERS: ATARA CORPORATION GROUP MEMBERS: ATARA I, LTD. GROUP MEMBERS: HAWKINS JAMES R ET AL GROUP MEMBERS: JAMES T. SARTAIN GROUP MEMBERS: RICK HAGELSTEIN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FIRSTCITY FINANCIAL CORP CENTRAL INDEX KEY: 0000828678 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 760243729 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-40461 FILM NUMBER: 98642376 BUSINESS ADDRESS: STREET 1: P O BOX 8216 CITY: WACO STATE: TX ZIP: 767148216 BUSINESS PHONE: 8177511750 MAIL ADDRESS: STREET 1: P O BOX 8216 CITY: WACO STATE: TX ZIP: 767148216 FORMER COMPANY: FORMER CONFORMED NAME: FIRST CITY BANCORPORATION OF TEXAS INC/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: FIRST CITY ACQUISITION CORP DATE OF NAME CHANGE: 19880523 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HAWKINS JAMES R ET AL CENTRAL INDEX KEY: 0000948009 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 6400 IMPERIAL DR CITY: WACO STATE: TX ZIP: 76712 BUSINESS PHONE: 2547511750 MAIL ADDRESS: STREET 1: 6400 IMPERIAL DR CITY: WACO STATE: TX ZIP: 76712 SC 13D/A 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ------------------ SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1) FIRSTCITY FINANCIAL CORPORATION - -------------------------------------------------------------------------------- (Name of issuer) COMMON STOCK - -------------------------------------------------------------------------------- (Title of class of securities) 33761X107 - -------------------------------------------------------------------------------- (CUSIP number) JAMES T. SARTAIN FIRST CITY FINANCIAL CORPORATION 6400 IMPERIAL DRIVE WACO, TEXAS 76712 (254) 751-1750 - -------------------------------------------------------------------------------- (Name, address and telephone number of person authorized to receive notices and communications) MAY 8, 1998 - -------------------------------------------------------------------------------- (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 |_|. Check the following box if a fee is being paid with the statement |_|. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7). HOFS02...:\92\54892\0004\2166\SEC5148R.580 - --------------------------- ------------------------- CUSIP NO. 33761X107 13D Page 2 of 12 Pages - --------------------------- ------------------------- ============================================================================== 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS JAMES R. HAWKINS ###-##-#### - ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X (b) - ------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS* - ------------------------------------------------------------------------------ 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 OF AMERICA - ------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 949,570 SHARES OF COMMON STOCK OWNED BY EACH REPORTING PERSON WITH -------------------------------------------------------------- 8 SHARED VOTING POWER -------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 949,570 SHARES OF COMMON STOCK -------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 949,570 SHARES OF COMMON STOCK - ------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.5% - ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* IN ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! - --------------------------- ------------------------- CUSIP NO. 33761X107 13D Page 3 of 12 Pages - --------------------------- ------------------------- ============================================================================== 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS JAMES T. SARTAIN ###-##-#### - ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X (b) - ------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS* - ------------------------------------------------------------------------------ 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 OF AMERICA - ------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 352,317 SHARES OF COMMON STOCK OWNED BY EACH REPORTING PERSON WITH -------------------------------------------------------------- 8 SHARED VOTING POWER -------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 352,317 SHARES OF COMMON STOCK -------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER - ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 352,317 SHARES OF COMMON STOCK - ------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.7% - ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* IN ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! - --------------------------- ------------------------- CUSIP NO. 33761X107 13D Page 4 of 12 Pages - --------------------------- ------------------------- ============================================================================== 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS ATARA I, LTD. 74-2637686 - ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X (b) - ------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS* - ------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) - ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION TEXAS - ------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH -------------------------------------------------------------- 8 SHARED VOTING POWER 342,397 SHARES OF COMMON STOCK -------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER -------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 342,397 SHARES OF COMMON STOCK - ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 342,397 SHARES OF COMMON STOCK - ------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.5% - ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* PN ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! - --------------------------- ------------------------- CUSIP NO. 33761X107 13D Page 5 of 12 Pages - --------------------------- ------------------------- ============================================================================== 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS RICK HAGELSTEIN - ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X (b) - ------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS* - ------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) - ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION USA - ------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH -------------------------------------------------------------- 8 SHARED VOTING POWER 352,317 SHARES OF COMMON STOCK -------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER -------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 352,317 SHARES OF COMMON STOCK - ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 352,317 SHARES OF COMMON STOCK - ------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.7% - ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* IN ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! - --------------------------- ------------------------- CUSIP NO. 33761X107 13D Page 6 of 12 Pages - --------------------------- ------------------------- ============================================================================== 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS ATARA CORPORATION - ------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X (b) - ------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------ 4 SOURCE OF FUNDS* - ------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) - ------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION TEXAS - ------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH -------------------------------------------------------------- 8 SHARED VOTING POWER 342,397 SHARES OF COMMON STOCK -------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER -------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 342,397 SHARES OF COMMON STOCK - ------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 342,397 SHARES OF COMMON STOCK - ------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.5% - ------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* CO ============================================================================== *SEE INSTRUCTIONS BEFORE FILLING OUT! PAGE 7 OF 12 PAGES STATEMENT PURSUANT TO RULE 13d-1 OF THE GENERAL RULES AND REGULATIONS UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED ================================================================================ Item 1. Security and Issuer. This Statement on Schedule 13D relates to the Common Stock, par value $.01 per share ("Common Stock"), of FirstCity Financial Corporation, a Delaware corporation ("FirstCity" or the "Issuer"). The principal executive offices of FirstCity are located at 6400 Imperial Drive, Waco, Texas 76712. Item 2. Identity and Background. (a)-(c) This Statement is filed by James R. Hawkins ("Hawkins"), James T. Sartain ("Sartain"), ATARA I, LTD., a Texas limited partnership ("ATARA"), Rick R. Hagelstein and ATARA Corporation, a Texas corporation ("ATARA Corp."). Hawkins, Sartain, ATARA, Hagelstein and ATARA Corp. are referred to collectively herein as the "Reporting Persons." Hawkins' business address is 6400 Imperial Drive, Waco, Texas 76712. Hawkins' present principal occupation is serving as Chairman of the Board and Chief Executive Officer of FirstCity, whose principal business is the acquisition, management and disposition of distressed asset portfolios, and whose address is 6400 Imperial Drive, Waco, Texas 76712. Mr. Hawkins is a citizen of the United States of America. Sartain's business address is 6400 Imperial Drive, Waco, Texas 76712. Sartain's present principal occupation is serving as President and Chief Operating Officer of FirstCity, whose principal business is the acquisition, management and disposition of distressed asset portfolios, and whose address is 6400 Imperial Drive, Waco, Texas 76712. Mr. Sartain is a citizen of the United States of America. ATARA is principally engaged in the investment in Common Stock of FirstCity. The address of ATARA's principal business and principal office is P.O. Box 8216, Waco, Texas 76714. PAGE 8 OF 12 PAGES The sole general partner of ATARA is ATARA Corp., a Texas corporation. ATARA Corp. is principally engaged in the investment in Common Stock of FirstCity. The address of ATARA Corp.'s principal business and of its principal office is P.O. Box 8216, Waco, Texas 76714. Mr. Hagelstein's business address is 6400 Imperial Drive, Waco, Texas 76712. Mr. Hagelstein's present principal occupation is serving as Executive Vice-President of FirstCity, whose principal business is the acquisition, management and disposition of distressed asset portfolios, and whose address is 6400 Imperial Drive, Waco, Texas 76712. Mr. Hagelstein is a citizen of the United States of America. Attached as Appendix A to Item 2 is information concerning the executive officers, directors and principal shareholders of ATARA Corp. in response to Item 2 and General Instruction C to Schedule 13D. (d)-(e) No Reporting Person and none of the persons or entities referred to in Appendix A to Item 2 has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) or 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 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. Not applicable. Item 4. Purpose of Transaction. Not applicable. Item 5. Interest in Securities of the Issuer. (a) The Reporting Persons beneficially own a combined aggregate of 1,654,204 shares of Common Stock or approximately 21.8% of the Common Stock outstanding as of May 8, 1998 based on information regarding the number of outstanding shares of Common Stock upon completion of the Company's public offering (the "Offering") of Common Stock which consummated May 8, 1998, as set forth in the Prospectus, dated May 5, 1998, relating to such Offering. Hawkins beneficially owns an aggregate of 949,570 shares of Common Stock or 12.5% of the Common Stock outstanding as of May 8, 1998. 9,000 and 506 of such shares of Common Stock, respectively, may be acquired within 60 days of the Measurement Date (as defined in the Company's 1995 Stock Option and Award Plan) upon PAGE 9 OF 12 PAGES the exercise of options granted under the Company's 1995 Stock Option and Award Plan and upon the exercise of warrants to purchase Common Stock. Sartain beneficially owns an aggregate of 352,317 shares of Common Stock or 4.7% of the Common Stock outstanding as of May 8, 1998. 9,920 and 506 of such shares of Common Stock, respectively, may be acquired within 60 days of the Measurement Date upon the exercise of options granted under the Company's 1995 Stock Option and Award Plan and upon the exercise of warrants to purchase Common Stock. Rick R. Hagelstein beneficially owns an aggregate of 352,317 shares of Common Stock or 4.7% of the Common Stock outstanding as of May 8, 1998. 9,920 of such shares may be acquired within 60 days of the Measurement Date upon the exercise of options granted under the Company's 1995 Stock Option and Award Plan. ATARA and ATARA Corp. each beneficially owns an aggregate of 342,397 shares of Common Stock or 4.5% of the Common Stock outstanding as of May 8, 1998. (b) The number of shares of Common Stock as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or direct the disposition, or shared power to dispose or direct the disposition for each Reporting Person is set forth in the cover pages and such information is incorporated herein by this reference. The shares of Common Stock beneficially owned by ATARA, ATARA Corp. and Mr. Hagelstein are owned directly by ATARA. ATARA Corp. may be deemed to beneficially own such shares by virtue of being the sole general partner of ATARA. Mr. Hagelstein may be deemed to beneficially own such shares by virtue of being the Chairman and President of ATARA Corp., by virtue of owning 33.34% of the outstanding common stock of ATARA Corp., and by reason of the fact that his wife is the only other officer or director of ATARA Corp., and owns 33.33% of the outstanding shares of Common Stock of ATARA Corp. (c) James R. Hawkins, James T. Sartain and ATARA each sold an aggregate of 86,875, 30,003 and 30,003 shares of Common Stock, respectively, at a price of $30.75 per share in the Offering on May 8, 1998. Rick R. Hagelstein and ATARA Corp. were deemed to have sold 30,003 shares of Common Stock at a price of $30.75 per share in the Offering. (d) Not applicable. (e) Not applicable. Item 6. Material to be Filed as Exhibits. (1) Joint Filing Agreement PAGE 10 OF 12 PAGES SIGNATURE After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: May 10, 1998 /s/ James R. Hawkins ------------------------------- James R. Hawkins /s/ James T. Sartain ------------------------------- James T. Sartain ATARA I, LTD. By: ATARA CORPORATION, general partner By: /s/ Rick R. Hagelstein ------------------------------- Rick R. Hagelstein, President /s/ Rick R. Hagelstein ------------------------------- Rick R. Hagelstein ATARA CORPORATION By: /s/ Rick R. Hagelstein ------------------------------- Rick R. Hagelstein, President PAGE 11 OF 12 PAGES APPENDIX A TO ITEM 2 The following sets forth information with respect to the executive officers, directors and principal shareholders of ATARA Corporation, which is the general partner of ATARA I Ltd. Rick R. Hagelstein is Chairman of the Board of Directors and President of ATARA Corp., and owns 33.34% of the outstanding common stock of ATARA Corp. Information regarding Mr. Hagelstein is set forth in Item 2 hereto. Thomasue Hagelstein, Mr. Hagelstein's wife, is the other director and secretary-treasurer of ATARA Corp. Mrs. Hagelstein owns 33.33% of the outstanding common stock of ATARA Corp. Her address is: 732 Baylor Amp Road, China Spring, TX 76633. PAGE 12 OF 12 PAGES EXHIBIT INDEX Exhibit No. Exhibit - ----------- ------- 1 Joint Filing Agreement (incorporated by reference to Exhibit 5 to the Schedule 13D filed on behalf of the Reporting Persons on July 3, 1995) -----END PRIVACY-ENHANCED MESSAGE-----