-----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, BJAivaoTW9bO58b1RJKQNci92o8ysiWhTRul10MYtJ9dv4oudI/PmLnC4/ymBYF/ g27e4sPhjuBOlQgpa2et2Q== 0000902664-98-000018.txt : 19980123 0000902664-98-000018.hdr.sgml : 19980123 ACCESSION NUMBER: 0000902664-98-000018 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980122 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: RAILAMERICA INC /DE CENTRAL INDEX KEY: 0000887637 STANDARD INDUSTRIAL CLASSIFICATION: TRUCK TRAILERS [3715] IRS NUMBER: 650328006 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-46135 FILM NUMBER: 98511160 BUSINESS ADDRESS: STREET 1: 301 YAMATO RD STE 1190 STREET 2: 1800 DIAGONAL RD CITY: BOCA RATON STATE: FL ZIP: 33431 BUSINESS PHONE: 4079946015 MAIL ADDRESS: STREET 1: 301 YAMATO RD STREET 2: STE 1190 CITY: BOCA RATON STATE: FL ZIP: 33431 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: EGS PARTNERS LLC CENTRAL INDEX KEY: 0000897018 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 133679110 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 300 PARK AVENUE STREET 2: 21ST FL CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2127559000 FORMER COMPANY: FORMER CONFORMED NAME: EGS PARTNERS LP /NY/ /ADV DATE OF NAME CHANGE: 19930715 FORMER COMPANY: FORMER CONFORMED NAME: EGS PARTNERS LP /NY/ /ADV DATE OF NAME CHANGE: 19930715 SC 13D/A 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ---------------------- SCHEDULE 13D Amendment No. 1 Under the Securities Exchange Act of 1934 RailAmerica, Inc. (Name of Issuer) Common Stock, Par Value $.001 (Title of Class of Securities) 750753105 (CUSIP Number) Arthur Goetchius 300 Park Avenue, 21st Fl., New York, NY 10022 (212) 755-9000 (Name, address and telephone number of person authorized to receive notices and communications) December 29, 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 [ ]. 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.) 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 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 the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for purposes 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 19 pages 13D CUSIP No. 750753105 - --------------------------------------------------------------------- (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON EGS Associates, L.P. - --------------------------------------------------------------------- (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 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 -0- - --------------------------------------------------------------------- (8) SHARED VOTING POWER 290,585 - --------------------------------------------------------------------- (9) SOLE DISPOSITIVE POWER -0- - --------------------------------------------------------------------- (10) SHARED DISPOSITIVE POWER 290,585 - --------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 290,585 - --------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] - --------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.29% - --------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON ** PN - --------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! Page 2 of 19 pages 13D CUSIP No. 750753105 - --------------------------------------------------------------------- (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON EGS Partners, L.L.C. - --------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [ ] (b) [X] - --------------------------------------------------------------------- (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 -0- - --------------------------------------------------------------------- (8) SHARED VOTING POWER 556,900 - --------------------------------------------------------------------- (9) SOLE DISPOSITIVE POWER -0- - --------------------------------------------------------------------- (10) SHARED DISPOSITIVE POWER 564,455 - --------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 564,455 - --------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] - --------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.39% - --------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON ** IA - --------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! Page 3 of 19 pages 13D CUSIP No. 750753105 - --------------------------------------------------------------------- (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Bev Partners, L.P. - --------------------------------------------------------------------- (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 BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - --------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - --------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER -0- SHARES - --------------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 117,960 OWNED BY - --------------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER -0- REPORTING - --------------------------------------------------------------------- (10) SHARED DISPOSITIVE POWER 117,960 - --------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 117,960 - ---------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] - ---------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.34% - ----------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON ** PN - ---------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! Page 4 of 19 pages 13D CUSIP No. 750753105 - ------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Jonas Partners, L.P. - ------------------------------------------------------------------------ (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 BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------ (6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------ NUMBER OF (7) SOLE VOTING POWER -0- SHARES - ------------------------------------------------------------------------ BENEFICIALLY (8) SHARED VOTING POWER 20,000 OWNED BY - ------------------------------------------------------------------------ EACH (9) SOLE DISPOSITIVE POWER -0- REPORTING - ------------------------------------------------------------------------ PERSON WITH (10) SHARED DISPOSITIVE POWER 20,000 - ------------------------------------------------------------------------ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 20,000 - ------------------------------------------------------------------------ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] - ------------------------------------------------------------------------ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .23% - ------------------------------------------------------------------------ (14) TYPE OF REPORTING PERSON ** PN - ------------------------------------------------------------------------ ** SEE INSTRUCTIONS BEFORE FILLING OUT! Page 5 of 19 pages 13D CUSIP No. 750753105 - ------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON William Ehrman - ------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [ ] (b) [X] - ------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------ (4) SOURCE OF FUNDS ** AF 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 - ------------------------------------------------------------------------ NUMBER OF (7) SOLE VOTING POWER 15,000 SHARES - ------------------------------------------------------------------------ BENEFICIALLY (8) SHARED VOTING POWER 985,445 OWNED BY - ------------------------------------------------------------------------ EACH (9) SOLE DISPOSITIVE POWER 15,000 REPORTING - ------------------------------------------------------------------------ PERSON WITH (10) SHARED DISPOSITIVE POWER 1,008,000 - ------------------------------------------------------------------------ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,023,000 - ------------------------------------------------------------------------ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] - ------------------------------------------------------------------------ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.59% - ------------------------------------------------------------------------ (14) TYPE OF REPORTING PERSON ** IN - ------------------------------------------------------------------------ ** SEE INSTRUCTIONS BEFORE FILLING OUT! Page 6 of 19 pages 13D CUSIP No. 750753105 - ------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Frederic Greenberg - ------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [ ] (b) [X] - ------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------ (4) SOURCE OF FUNDS ** AF 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 United States - ------------------------------------------------------------------------ NUMBER OF (7) SOLE VOTING POWER -0- SHARES - ------------------------------------------------------------------------ BENEFICIALLY (8) SHARED VOTING POWER 985,445 OWNED BY - ------------------------------------------------------------------------ EACH (9) SOLE DISPOSITIVE POWER -0- REPORTING - ------------------------------------------------------------------------ PERSON WITH (10) SHARED DISPOSITIVE POWER 993,000 - ------------------------------------------------------------------------ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 993,000 - ------------------------------------------------------------------------ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] - ------------------------------------------------------------------------ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.25% - ------------------------------------------------------------------------ (14) TYPE OF REPORTING PERSON ** IN - ------------------------------------------------------------------------ ** SEE INSTRUCTIONS BEFORE FILLING OUT! Page 7 of 19 pages 13D CUSIP No. 750753105 - ------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Frederick Ketcher - ------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [ ] (b) [X] - ------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------ (4) SOURCE OF FUNDS ** AF 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 - ------------------------------------------------------------------------ NUMBER OF (7) SOLE VOTING POWER 10,000 SHARES - ------------------------------------------------------------------------ BENEFICIALLY (8) SHARED VOTING POWER 985,445 OWNED BY - ------------------------------------------------------------------------ EACH (9) SOLE DISPOSITIVE POWER 10,000 REPORTING - ------------------------------------------------------------------------ PERSON WITH (10) SHARED DISPOSITIVE POWER 993,000 - ------------------------------------------------------------------------ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,003,000 - ------------------------------------------------------------------------ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] - ------------------------------------------------------------------------ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.36% - ------------------------------------------------------------------------ (14) TYPE OF REPORTING PERSON ** IN - ------------------------------------------------------------------------ ** SEE INSTRUCTIONS BEFORE FILLING OUT! Page 8 of 19 pages 13D CUSIP No. 750753105 - ------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Jonas Gerstl - ------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [ ] (b) [X] - ------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------ (4) SOURCE OF FUNDS ** AF 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 United States - ------------------------------------------------------------------------ NUMBER OF (7) SOLE VOTING POWER -0- SHARES - ------------------------------------------------------------------------ BENEFICIALLY (8) SHARED VOTING POWER 985,445 OWNED BY - ------------------------------------------------------------------------ EACH (9) SOLE DISPOSITIVE POWER -0- REPORTING - ------------------------------------------------------------------------ PERSON WITH (10) SHARED DISPOSITIVE POWER 993,000 - ------------------------------------------------------------------------ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 993,000 - ------------------------------------------------------------------------ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] - ----------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.25% - ------------------------------------------------------------------------ (14) TYPE OF REPORTING PERSON ** IN - ------------------------------------------------------------------------ ** SEE INSTRUCTIONS BEFORE FILLING OUT!s Page 9 of 19 pages 13D CUSIP No. 750753105 - ------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON James McLaren - ------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [ ] (b) [X] - ------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------ (4) SOURCE OF FUNDS ** AF 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 United States - ------------------------------------------------------------------------ NUMBER OF (7) SOLE VOTING POWER -0- SHARES - ------------------------------------------------------------------------ BENEFICIALLY (8) SHARED VOTING POWER 985,445 OWNED BY - ------------------------------------------------------------------------ EACH (9) SOLE DISPOSITIVE POWER -0- REPORTING - ------------------------------------------------------------------------ PERSON WITH (10) SHARED DISPOSITIVE POWER 993,000 - ----------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 993,000 - ------------------------------------------------------------------------ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] - ------------------------------------------------------------------------ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.25% - ------------------------------------------------------------------------ (14) TYPE OF REPORTING PERSON ** IN - ------------------------------------------------------------------------ ** SEE INSTRUCTIONS BEFORE FILLING OUT! Page 10 of 19 pages 13D CUSIP No. 750753105 - ------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON William D. Lautman - ------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [ ] (b) [X] - ------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------ (4) SOURCE OF FUNDS ** AF sOO - ------------------------------------------------------------------------ (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 - ------------------------------------------------------------------------ NUMBER OF (7) SOLE VOTING POWER -0- SHARES - ------------------------------------------------------------------------ BENEFICIALLY (8) SHARED VOTING POWER 985,445 OWNED BY - ------------------------------------------------------------------------ EACH (9) SOLE DISPOSITIVE POWER -0- REPORTING - ------------------------------------------------------------------------ PERSON WITH (10) SHARED DISPOSITIVE POWER 993,000 - ------------------------------------------------------------------------ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 993,000 - ------------------------------------------------------------------------ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] - ------------------------------------------------------------------------ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.25% - ------------------------------------------------------------------------ (14) TYPE OF REPORTING PERSON ** IN - ------------------------------------------------------------------------ ** SEE INSTRUCTIONS BEFORE FILLING OUT! Page 11 of 19 pages The Schedule 13D, initially filed on December 3, 1997, of (i) EGS Associates, L.P., a Delaware limited partnership (EGS Associates), (ii) EGS Partners, L.L.C., a Delaware limited liability company (EGS Partners), (iii) Bev Partners, L.P., a Delaware limited partnership (Bev Partners), (iv) Jonas Partners, L.P., a Delaware limited partnership (Jonas Partners), (v) William Ehrman, (vi) Frederic Greenberg, (vii) Frederick Ketcher, (viii) Jonas Gerstl, (ix) James McLaren and (x) William D. Lautman, relating to the common stock, $0.001 par value per share (the Common Stock) issued by RailAmerica, Inc. (the Company), is hereby amended by this Amendment No. 1 to the Schedule 13D as follows: Item 3 is hereby amended and restated in its entirety as follows: ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. The net investment cost (including commissions, if any) of the shares of Common Stock beneficially owned by EGS Associates, EGS Partners, Bev Partners, and Jonas Partners is approximately $1,467,217, $3,053,553, $609,783, and $92,620, respectively. The net investment cost (excluding commissions, if any) of the shares of Common Stock owned directly by Mr. Ketcher is approximately $46,880. The net investment cost (excluding commissions, if any) of the shares of Common Stock owned directly by Mr. Ehrman and his immediate family is approximately $136,890. Messrs. Gerstl, Greenberg, McLaren and Lautman currently own no shares of Common Stock. The shares of Common Stock purchased by each of EGS Associates, Bev Partners, and Jonas Partners were purchased with the investment capital of the respective entities. The shares of Common Stock purchased by EGS Partners were purchased with the investment capital of discretionary accounts under its management. The shares of Common Stock purchased by Mr. Ketcher and by Mr. Ehrman and his immediate family were purchased with personal funds. The shares of Common Stock beneficially owned by EGS Associates, EGS Partners, Bev Partners, and Jonas Partners are held in their respective commingled margin accounts, or in the case of EGS Partners, in margin and non- margin accounts held by each discretionary account under its management. Such margin accounts are maintained at NationsBank Montgomery, and may from time to time have debit balances. Since other securities are held in such margin accounts, it is not possible to determine the amounts, if any, of margin used with respect to the shares of Common Stock purchased. Non-margin accounts are maintained at Bankers Trust Company. The shares owned by Mr. Ketcher and by Mr. Ehrman and his immediate family are held in accounts maintained at NationsBank Montgomery. Currently, the interest rate charged on such various margin accounts is approximately 8.25% per annum. Item 5 is hereby amended and restated in its entirety as follows: Page 12 of 19 pages ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) The approximate aggregate percentage of shares of Common Stock reported beneficially owned by each person herein is based on 8,829,275 shares outstanding, which is the total number of shares of Common Stock outstanding as of November 13, 1997, as reflected in the company's quarterly report on Form 10-Q filed with the Securities and Exchange Commission (the Commission) for the fiscal quarter ended September 30, 1997 (which is the most recent Form 10-Q on file). As of the close of business on January 16, 1998: (i) EGS Associates owns beneficially 290,585 shares of Common Stock, constituting approximately 3.29% of the shares outstanding. (ii) EGS Partners owns directly no shares of Common Stock. By reason of the provisions of Rule 13D-3 of the Securities Exchange Act of 1934, as amended (the Act), EGS Partners may be deemed to own beneficially 564,455 shares, constituting approximately 6.39% of the shares outstanding, purchased for discretionary accounts managed by it. (iii) Bev Partners owns beneficially 117,960 shares of Common Stock, constituting approximately 1.34% of the shares outstanding. (iv) Jonas Partners owns 20,000 shares of Common Stock, constituting less than 1% of the shares outstanding. (v) Mr. Ehrman owns beneficially through ownership by himself and members of his immediate family, 30,000 shares of Common Stock, constituting less than 1% of the shares outstanding. (vi) Mr. Ketcher owns beneficially through ownership by himself 10,000 shares of Common Stock, constituting less than 1% of the shares outstanding. (vii) Messrs. Gerstl, Greenberg, McLaren and Lautman own directly no shares of Common Stock. By reason of the provisions of Rule 13D-3 of the Act, each of the General Partners may be deemed to own the 290,585 shares beneficially owned by EGS Associates, the 564,455 shares beneficially owned by EGS Partners, the 117,960 shares beneficially owned by Bev Partners, and the 20,000 shares beneficially owned by Jonas Partners. When the shares beneficially owned by EGS Associates, EGS Partners, Bev Partners, and Jonas Partners are aggregated, they total 993,000 shares of Common Stock, constituting approximately 11.25% of the shares outstanding. (viii) In the aggregate, the Reporting Persons beneficially own a total of 1,033,500 shares of Common Stock, constituting approximately 11.70% of the shares outstanding. Page 13 of 19 pages (b) (i) Each of EGS Associates, EGS Partners, Bev Partners, and Jonas Partners has the power to vote on all of the shares of Common Stock, except for 7,555 shares held by one of the discretionary accounts, and to dispose of all of the shares of Common Stock beneficially owned by it, which power may be exercised by the General Partners. Each of the discretionary accounts is a party to an investment management agreement with EGS Partners pursuant to which EGS Partners has investment authority with respect to securities held in such account. (ii) Mr. Ehrman has no power to vote and shared power to dispose of shares owned by his immediate family and Mr. Ketcher has the sole power to vote and dispose of the shares owned directly by him. (c) The trading dates, number of shares of Common Stock purchased or sold and price per share for all transactions in the Common Stock from the 60th day prior to December 29, 1997 until January 16, 1998 by EGS Associates, EGS Partners, Bev Partners, and Jonas Partners are set forth in Schedules A, B, C, and D, respectively, and were all effected in the over-the- counter market and in private placements. During such period, Messrs. Ehrman, Ketcher, Greenberg, Gerstl, McLaren and Lautman did not enter into any transactions in the Common Stock. (d) No person other than each respective record owner of shares of Common Stock referred to herein is known to have the right to receive or the power to direct the receipt of dividends from or the proceeds of sale of such shares of Common Stock. Page 14 of 19 pages SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. DATED: --------------------------- ---------------------------------- William Ehrman, individually and as general partner of each of EGS ASSOCIATES, L.P., BEV PARTNERS, L.P., JONAS PARTNERS, L.P., and as a member of EGS PARTNERS, L.L.C. ------------------------------------ Frederic Greenberg, individually and as general partner of each of EGS ASSOCIATES, L.P., BEV PARTNERS, L.P., JONAS PARTNERS, L.P. and as a member of EGS PARTNERS, L.L.C. ------------------------------------ Frederick Ketcher, individually and as general partner of each of EGS ASSOCIATES, L.P., BEV PARTNERS, L.P., JONAS PARTNERS, L.P. and as a member of EGS PARTNERS, L.L.C. ------------------------------------ Jonas Gerstl, individually and as general partner of each of EGS ASSOCIATES, L.P., BEV PARTNERS, L.P., JONAS PARTNERS, L.P. and as a member of EGS PARTNERS, L.L.C. ------------------------------------ James McLaren, individually and as general partner of each of EGS ASSOCIATES, L.P., BEV PARTNERS, L.P., JONAS PARTNERS, L.P. and as a member of EGS PARTNERS, L.L.C. ------------------------------------ William D. Lautman, individually and as general partner of each of EGS ASSOCIATES, L.P., BEV PARTNERS, L.P., JONAS PARTNERS, L.P. and as a member of EGS PARTNERS, L.L.C. Page 15 of 19 pages Schedule A EGS Associates, L.P. Transactions in the Common Stock Price Per Share Date of Number of (including Transaction Shares Purchased/(Sold) Commissions, if any) - ------------------------------------------------------------------------ 11/21/97 5,000 $5.75 12/15/97 15,000 $6.42 12/17/97 5,000 $6.53 12/29/97 10,000 $6.44 12/30/97 10,000 $6.56 12/31/97 24,000 $6.50 1/5/98 5,000 $6.54 1/16/98 8,925 $6.13 Page 16 of 19 pages Schedule B EGS Partners, L.P. Transactions in the Common Stock Price Per Share Date of Number of (including Transaction Shares Purchased/(Sold) Commissions, if any) - ------------------------------------------------------------------------ 11/5/97 10,000 $5.88 11/13/97 15,000 $5.88 11/17/97 10,000 $6.00 11/21/97 15,000 $5.57 11/24/97 5,000 $5.62 11/26/97 10,000 $5.50 12/12/97 25,000 $6.63 12/15/97 500 $6.42 12/23/97 5,000 $6.38 12/26/97 10,000 $6.38 1/2/98 10,000 $6.63 1/5/98 10,000 $6.54 1/7/98 5,000 $6.25 1/12/98 15,000 $6.25 1/16/98 22,505 $6.13 Page 17 of 19 pages Schedule C Bev Partners, L.P. Transactions in the Common Stock Price Per Share Date of Number of (including Transaction Shares Purchased/(Sold) Commissions, if any) - ------------------------------------------------------------------------ 12/17/97 15,000 $6.53 1/16/98 3,570 $6.13 Page 18 of 19 pages Schedule D Jonas Partners, L.P. Transactions in the Common Stock Price Per Share Date of Number of (including Transaction Shares Purchased/(Sold) Commissions, if any) - ------------------------------------------------------------------------ 1/13/98 2,000 $6.31 Page 19 of 19 pages -----END PRIVACY-ENHANCED MESSAGE-----