0001005477-01-501136.txt : 20011009
0001005477-01-501136.hdr.sgml : 20011009
ACCESSION NUMBER: 0001005477-01-501136
CONFORMED SUBMISSION TYPE: SC 13D/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20010925
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: SALTON INC
CENTRAL INDEX KEY: 0000878280
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC HOUSEWARES & FANS [3634]
IRS NUMBER: 363777824
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0626
FILING VALUES:
FORM TYPE: SC 13D/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-42085
FILM NUMBER: 1743882
BUSINESS ADDRESS:
STREET 1: 550 BUSINESS CENTER DR
STREET 2: C/O KENSINGTON CENTER
CITY: MOUNT PROSPECT
STATE: IL
ZIP: 60056
BUSINESS PHONE: 7088034600
MAIL ADDRESS:
STREET 1: 550 BUSINESS CENTER DRIVE
CITY: MT PROSPECT
STATE: IL
ZIP: 60056
FORMER COMPANY:
FORMER CONFORMED NAME: SALTON MAXIM HOUSEWARES INC
DATE OF NAME CHANGE: 19930328
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: JC INVESTMENTS LP
CENTRAL INDEX KEY: 0001129472
STANDARD INDUSTRIAL CLASSIFICATION: []
IRS NUMBER: 621835334
STATE OF INCORPORATION: TN
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
BUSINESS ADDRESS:
STREET 1: 137 BRUCE ST
STREET 2: STE 1
CITY: SEVIERVILLE
STATE: TN
ZIP: 37862
BUSINESS PHONE: 8654291000
MAIL ADDRESS:
STREET 1: 137 BRUCE ST
STREET 2: STE 1
CITY: SEVIERVILLE
STATE: TN
ZIP: 37862
SC 13D/A
1
b01-34669.txt
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
------------
SCHEDULE 13D
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. 1)(1)
Salton, Inc.
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(Name of Issuer)
common
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(Title of Class of Securities)
795757103
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(CUSIP Number)
William Koplovitz, 145 Central Park West, 24C, NYC NY 10023, (212) 874-0466
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 17, 2001
--------------------------------------------------------------------------------
(Date of Event Which Requires Filing of This Statement)
(Continued on following pages)
(Page 1 of _ Pages)
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(1) 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 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. SCHEDULE 13D Page _ of __ Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
J. C. Investments, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |x|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Tennessee
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7 SOLE VOTING POWER
0 common/0 calls
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 254,603
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0 common/0 calls
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
254,603
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.022% common shares/0% calls
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN (Limited)
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Item 1. Security and Issuer
Class of Equity Securities: common stock
Name of Issuer: Salton, Inc. (SFP, NYSE)
Principal Executive Office: 550 Business Center Drive
Mount Prospect, IL 60056
Item 2. Identity and Background
Name of Entity: J C Investments, L.P.
State of Organization: Tennessee
Principal Business: Owning, selling and Managing equity investments in various
publicly traded companies
Principal Office Address: 137 Bruce Street, Suite 1, Sevierville, TN 37862
(d) no
(e) no
Name of General Partner of Entity: Jenco Capital Corporation
State of Organization: Tennessee
Principal Business: Investments
Principal Office Address: 137 Bruce Street, Suite 1, Sevierville, TN 37862
(d)
(e)
Item 3. Source and Amount of Funds or Other Consideration
Source and Amount of Funds used in making the purchases: n/a -- shares sold
Personal Funds of the Entity: $0 Affiliate Funds: $0
Item 4. Purpose of Transaction
As is required by [Section] 240.13d-2 of Regulation 13D, an amended Schedule 13d
must be filed when any "material increase or decrease in the percentage of the
class beneficially owned" occurs. On December 6, 2000, our group filed a
Schedule 13D form announcing we beneficially owned more than five percent (5%)
of the outstanding stock of Salton, Inc. As of September 17, 2001, this figure
has decreased to two and twenty one hundredths percent (2.2%) of the total
outstanding shares of stock of Salton, Inc.
Item 5. Interest in Securities of the Issuer
(a) Aggregate Number and Percentage of Class of Securities:
(1) JC Investments, L.P.
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Aggregate Number: 0 common shares
Percentage of Class: 0% common shares
2) Jenco Capital Corporation (General Partner of J C Investments, L.P.)
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Aggregate Number: 0 common shares
Percentage of Class: 0% common shares
3) William and Kay Koplovitz
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Aggregate Number: 186,153 common shares
Percentage of Class: .016% common shares
4) Stephen T. Frost Living Trust
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Aggregate Number: 27,200 common shares
Percentage of Class: .0024% common shares
5) Suzanne L. Frost Living Trust
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Aggregate Number: 24,750 common shares
Percentage of Class: .0021 common shares
6) Laurie S. Frost
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Aggregate Number: 6,500 common shares
Percentage of Class: .0006 common shares
7) Julie Frost Stangl
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Aggregate Number: 10,000 common shares
Percentage of Class: .0009% common shares
8) David A. Schutz
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Aggregate Number: 0 common shares
Percentage of Class: 0 common shares
(b) Number of Shares with Sole or Shared Power to Vote/Direct Vote,
Number of Shares with Sole or Shared Power to Dispose/Direct Disposition
1) J C Investments, L.P.
--------------------------------------------------------------------------------
Number of Shares with Sole Power to Vote/Direct Vote: 0
Number of Shares with Shared Power to Vote/Direct Vote: 0
Number of Shares with Sole Power to Dispose/Direct Disposition: 0
Number of Shares with Shared Power to Dispose/Direct Disposition:0
2) Jenco Capital Corporation (General Partner of J C Investments, L.P.0
--------------------------------------------------------------------------------
Number of Shares with Sole Power to Vote/Direct Vote: 0
Number of Shares with Shared Power to Vote/Direct Vote: 0
Number of Shares with Sole Power to Dispose/Direct Disposition: 0
Number of Shares with Shared Power to Dispose/Direct Disposition:0
3) William and Kay Koplovitz
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Number of Shares with Sole Power to Vote/Direct Vote: 186,153
Number of Shares with Shared Power to Vote/Direct Vote: 0
Number of Shares with Sole Power to Dispose/Direct Disposition: 186,153
Number of Shares with Shared Power to Dispose/Direct Disposition:0
4) Stephen T. Frost Living Trust
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Number of Shares with Sole Power to Vote/Direct Vote: 27,200
Number of Shares with Shared Power to Vote/Direct Vote: 0
Number of Shares with Sole Power to Dispose/Direct Disposition: 27,000
Number of Shares with Shared Power to Dispose/Direct Disposition:0
5) Suzanne L. Frost Living Trust
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Number of Shares with Sole Power to Vote/Direct Vote: 24,750
Number of Shares with Shared Power to Vote/Direct Vote: 0
Number of Shares with Sole Power to Dispose/Direct Disposition: 24,750
Number of Shares with Shared Power to Dispose/Direct Disposition:0
6) Laurie Frost
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Number of Shares with Sole Power to Vote/Direct Vote: 6,500
Number of Shares with Shared Power to Vote/Direct Vote: 0
Number of Shares with Sole Power to Dispose/Direct Disposition: 6,500
Number of Shares with Shared Power to Dispose/Direct Disposition:0
7) Julie Frost Stangl
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Number of Shares with Sole Power to Vote/Direct Vote: 10,000
Number of Shares with Shared Power to Vote/Direct Vote: 0
Number of Shares with Sole Power to Dispose/Direct Disposition: 10,000
Number of Shares with Shared Power to Dispose/Direct Disposition:0
8) David A. Schultz
--------------------------------------------------------------------------------
Number of Shares with Sole Power to Vote/Direct Vote: 0
Number of Shares with Shared Power to Vote/Direct Vote: 0
Number of Shares with Sole Power to Dispose/Direct Disposition: 0
Number of Shares with Shared Power to Dispose/Direct Disposition:0
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
Jenco Capital Corporation, a Tennessee corporation, is the general partner of J
C Investments, L.P., a Tennessee limited partnership. The limited partners
include William Koplovitz and Stephen Frost. Jenco Capital Corporation, as the
general partner of J C Investments, L.P., as provided in the Limited Partnership
Agreement, has the power to transfer and vote the securities held in Salton,
Inc. Under the Limited Partnership Agreement of J C Investments, L.P., each
limited partner owns 49.5% of the profits and equally shares in 49.5% of the
losses. The general partner owns 1% of the profits, and shares in 1% of the
losses.
Stephen T. Frost, as Trustee of the Suzanne L. Frost Living Trust, on behalf of
the Suzanne L. Frost Living Trust, has the power to transfer and vote the
securities held in Salton, Inc. Stephen Frost, as Trustee of the Stephen T.
Frost Living Trust, on behalf of the Stephen T. Frost Living Trust, has the
power to transfer and vote the securities held in Salton, Inc. Stephen T. Frost,
as the custodian of Laurie S. Frost, has the power to transfer and vote the
securities held in Salton, Inc. on behalf of Laurie S. Frost.
William and Kay Koplovitz, individually and jointly, the Stephen T. Frost Living
Trust, the Suzanne L. Frost Living Trust, Laurie S. Frost, Julie Frost Stangl,
and David A. Schutz have joined J C Investments, L.P. as affiliates thereof in
order to explore the alternatives listed in Item 4 in our original Schedule 13-D
statement. Each party hereto shall share in the profits and losses according to
the pro rata share of funds/securities contributed to the cause.
Item 7. Material to Be Filed as Exhibits.
See attached Exhibit A which is specifically incorporated herein by this
reference.
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.
Date: September 24, 2001
J C Investments, L.P.
By Jenco Capital Corporation, General Partner
By: /s/ Jon E. Nix
--------------------------------------------------
Jon E. Nix, President
EXHIBIT A
Includes Averages of Sales of
Stock Over the Last Thirty (30 Days
(1) J. C. Investments, L.P.
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All selling accomplished through broker execution by Harmonic Research. 20,000
common shares sold over the last 30 days between $10.15 and $18.00.
(2) William and Kay Koplovitz:
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Sold 333,600 common shares over last 30 days at a price between $9.85 and $18.50
through broker execution.
(3) Laurie Frost
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September 10, 2001: Sold 3,750 common shares [at] $16.41 average through broker
execution by Fidelity Brokerage.