-----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, NVRNISvLbBCty3khoNy7NwCY3iuA/qKfjqeI3uyI4nrpg3/CqPEoFxkugD8omSWa 5Q+B0Mi79pqlY7lH//JaPQ== 0000950116-98-000337.txt : 19980218 0000950116-98-000337.hdr.sgml : 19980218 ACCESSION NUMBER: 0000950116-98-000337 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980213 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LODGENET ENTERTAINMENT CORP CENTRAL INDEX KEY: 0000911002 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 460371161 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-42773 FILM NUMBER: 98539153 BUSINESS ADDRESS: STREET 1: 808 WEST AVE N CITY: SIOUX FALLS STATE: SD ZIP: 57104 BUSINESS PHONE: 6053301330 MAIL ADDRESS: STREET 1: 808 WEST AVE N CITY: SIOUX FALLS STATE: SD ZIP: 57104 FORMER COMPANY: FORMER CONFORMED NAME: LNET INC DATE OF NAME CHANGE: 19930820 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LONGWOOD INVESTMENT ADVISORS INC /ADV CENTRAL INDEX KEY: 0000947527 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: THREE RADNOR CORP CENTER STE 300 CITY: RADNOR STATE: PA ZIP: 19087 BUSINESS PHONE: 6109959559 MAIL ADDRESS: STREET 1: 3 RADNOR CORPORATE CENTER STREET 2: STE 300 CITY: RADNOR STATE: PA ZIP: 19087 FORMER COMPANY: FORMER CONFORMED NAME: LONGWOOD INVESTMENT ADVISORS INC /ADV DATE OF NAME CHANGE: 19970215 SC 13G 1 SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. _____)* LODGENET ENTERTAINMENT CORP. ---------------------------------------------- (Name of Issuer) COMMON STOCK ---------------------------------------------- (Title of Class of Securities) 540211 10 9 -------------------------- (CUSIP Number) *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 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). (Continued on following page(s)) Page 1 of 7 pages CUSIP No. 540211 10 9 13G Page 2 of 7 pages ----------- -- -- - ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Longwood Investment Advisors, Inc. 23-2745059 - ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] - ------------------------------------------------------------------------------ 3. SEC USE ONLY - ------------------------------------------------------------------------------ 4. CITIZENSHIP OR PLACE OF ORGANIZATION Pennsylvania - ------------------------------------------------------------------------------ 5. SOLE VOTING POWER 0 ----------------------------------------------------------- NUMBER OF 6. SHARED VOTING POWER SHARES BENEFICIALLY 633,300 OWNED BY ___________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH ___________________________________________________________ 8. SHARED DISPOSITIVE POWER 633,300 - ------------------------------------------------------------------------------ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 633,300 - ------------------------------------------------------------------------------ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.6% - ------------------------------------------------------------------------------ 12. TYPE OF REPORTING PERSON* IA - ------------------------------------------------------------------------------ CUSIP No. 540211 10 9 13G Page 3 of 7 pages ----------- -- -- - ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Robert A. Davidson - ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] - ------------------------------------------------------------------------------ 3. SEC USE ONLY - ------------------------------------------------------------------------------ 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------ 5. SOLE VOTING POWER 0 ----------------------------------------------------------- NUMBER OF 6. SHARED VOTING POWER SHARES BENEFICIALLY 633,300 OWNED BY ___________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH ___________________________________________________________ 8. SHARED DISPOSITIVE POWER 633,300 - ------------------------------------------------------------------------------ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 633,300 - ------------------------------------------------------------------------------ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.6% - ------------------------------------------------------------------------------ 12. TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------ CUSIP No. 540211 10 9 13G Page 4 of 7 pages ----------- -- -- - ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON John P. McNiff - ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] - ------------------------------------------------------------------------------ 3. SEC USE ONLY - ------------------------------------------------------------------------------ 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------ 5. SOLE VOTING POWER 0 ----------------------------------------------------------- NUMBER OF 6. SHARED VOTING POWER SHARES BENEFICIALLY 633,300 OWNED BY ___________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH ___________________________________________________________ 8. SHARED DISPOSITIVE POWER 633,300 - ------------------------------------------------------------------------------ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 633,300 - ------------------------------------------------------------------------------ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.6% - ------------------------------------------------------------------------------ 12. TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------ CUSIP No. 540211 10 9 13G Page 5 of 7 pages ----------- -- -- - ------------------------------------------------------------------------------ Item 1(a) Name of Issuer -------------- Lodgenet Entertainment Corp. Item 1(b) Address of Issuer's Principal Executive Offices ----------------------------------------------- Lodgenet Entertainment Corp. 808 West Avenue N. Sioux Falls, SD 57104 Item 2(a) Name of Person Filing --------------------- This statement is filed on behalf of (i) Longwood Investment Advisors, Inc., a Pennsylvania corporation ("LIA"), (ii) Robert A. Davidson and (iii) John P. McNiff. LIA is registered as an investment adviser under the Investment Advisers Act of 1940, as amended. Robert A. Davidson is Chief Investment Officer and a Managing Director of LIA and is responsible for the selection, acquisition and disposition of securities on behalf of LIA. John P. McNiff is President and a Managing Director of LIA and, as such, shares responsibility with Mr. Davidson for selection, acquisition and disposition of securities on behalf of LIA. Item 2(b) Address of Principal Business Office, or, if none, Residence ------------------------------------------------------------ Longwood Investment Advisors, Inc. Three Radnor Corporate Center Suite 300 100 Matsonford Road Radnor, Pennsylvania 19087 Item 2(c) Citizenship ----------- United States Item 2(d) Title of Class of Securities ---------------------------- Common Stock Item 2(e) CUSIP Number ----------- 540211 10 9 CUSIP No. 540211 10 9 13G Page 6 of 7 pages ----------- -- -- - ------------------------------------------------------------------------------ Item 3 If this statement if filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a: (a) [ ] Broker or Dealer registered under section 15 of the Act; (b) [ ] Bank as defined in section 3(a)(6) of the Act (c) [ ] Insurance Company as defined in section 3(a)(19) of the Act (d) [ ] Investment Company registered under section 8 of the Investment Company Act (e) [x] Investment Adviser registered under section 203 of the Investment Advisers Act of 1940 (f) [ ] Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund (g) [ ] Parent Holding Company, in accordance with 240.13d-1(b)(ii)(G) (h) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(H) Item 4 Ownership --------- (a) and (b) LIA beneficially owned an aggregate of 633,300 shares of the issuer's common stock, or approximately 5.6% of the shares outstanding as of December 31, 1997. (c) LIA has shared power to vote or direct the vote, and shared power to dispose or direct the disposition of, 633,300 shares of the issuer's common stock. Robert A. Davidson and John P. McNiff have shared power to dispose or direct the disposition of 633,300 shares of the common stock by virtue of being responsible for the selection, acquisition and disposition of the portfolio securities on behalf of LIA. Item 5 Ownership of Five Percent or Less of a Class -------------------------------------------- Not applicable Item 6 Ownership of More than Five Percent on Behalf of Another Person --------------------------------------------------------------- Other persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the issuer's shares which are the subject of this Schedule 13G. Of such shares, Longwood Partners, L.P., of which LIA is the investment advisor, has such right with respect to 394,250 shares. Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company ------------------------------------------------------------------- Not Applicable CUSIP No. 540211 10 9 13G Page 7 of 7 pages ----------- -- -- - ------------------------------------------------------------------------------ Item 8 Identification and Classification of Members of the Group --------------------------------------------------------- Not Applicable Item 9 Notice of Dissolution of Group ------------------------------ Not Applicable Item 10 Certification ------------- Each of the undersigned certifies that, to the best of its or his knowledge and belief, the securities referred to above were not acquired for the purpose of, and do not have the effect of, changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purpose of effect. 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. February 13, 1998 - ---------------------------------- Date LONGWOOD INVESTMENT ADVISORS, INC. By: /s/John P. McNiff - ---------------------------------- Signature John P. McNiff, President - ---------------------------------- Name/Title /s/ Robert A. Davidson - ---------------------------------- Signature Robert A. Davidson - ---------------------------------- Name/Title /s/ John P. McNiff - ---------------------------------- Signature John P. McNiff - ---------------------------------- Name/Title EXHIBIT "A" Joint Filing Agreement The undersigned agree that the foregoing Schedule 13G, dated February 13, 1998 is being filed with the Securities and Exchange Commission on behalf of each of the undersigned pursuant to Rule 13d-1(f). Dated: February 13, 1998 LONGWOOD INVESTMENT ADVISORS, INC. By: /s/ John P. McNiff ------------------------------ John P. McNiff, President Name/Title /s/ Robert A. Davidson - ------------------------------ Robert A. Davidson Name/Title /s/ John P. McNiff - ---------------------------------- Signature John P. McNiff, President - ---------------------------------- Name/Title -----END PRIVACY-ENHANCED MESSAGE-----