-----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, CFGcapVvFLraDcBNfW4Cm4hqV/UQHbp2sUskQBVcuhZmtkAHeIl1qD3sFAnImr8f EWdWYbW5C5QE9uWjIBQUHQ== 0000906344-04-000060.txt : 20040211 0000906344-04-000060.hdr.sgml : 20040211 20040210201434 ACCESSION NUMBER: 0000906344-04-000060 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040211 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CENTRAL EUROPEAN MEDIA ENTERPRISES LTD CENTRAL INDEX KEY: 0000925645 STANDARD INDUSTRIAL CLASSIFICATION: TELEVISION BROADCASTING STATIONS [4833] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-45747 FILM NUMBER: 04583564 BUSINESS ADDRESS: STREET 1: C/O CME DEVELOPEMENT CORP STREET 2: 8TH FLOOR ALDWYCH HOUSE 71-91 ALDWYCH CITY: LONDON STATE: X0 ZIP: WC2B 4HN BUSINESS PHONE: 011442074305430 MAIL ADDRESS: STREET 1: CLARENDON HOUSE STREET 2: HAMILTON HM CX CITY: BERMUDA STATE: D0 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BAKAR MARK B CENTRAL INDEX KEY: 0001218820 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 3288 STEINER ST. STREET 2: SUITE 200 CITY: SAN FRANCISCO STATE: CA ZIP: 94123 BUSINESS PHONE: 4157493000 MAIL ADDRESS: STREET 1: 3288 SEINER ST STREET 2: SUITE 200 CITY: SAN FRANCISCO STATE: CA ZIP: 94123 SC 13G/A 1 ceml13g.txt AMENDMENT NO. 7 TO SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 7) Central European Media Enterprises Ltd. --------------------------------------- (Name of Issuer) Class A Common Stock, $.08 par value ------------------------------------ (Title of Class of Securities) G20045103 --------- (CUSIP Number) December 31, 2003 ----------------- (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [x] Rule 13d-1(c) [ ] Rule 13d-1(d) *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) CUSIP No. G20045103 SCHEDULE 13G Page 2 of 8 1 Name of Reporting Person VALUEVEST MANAGEMENT COMPANY, LLC IRS Identification No. of Above Person 94-3226627 2 Check the Appropriate Box if a member of a Group (a) [ ] (b) [ ] 3 SEC USE ONLY 4 Citizenship or Place of Organization California NUMBER OF 5 Sole Voting Power 0 SHARES BENEFICIALLY 6 Shared Voting Power 0 OWNED BY EACH REPORTING 7 Sole Dispositive Power 0 PERSON WITH 8 Shared Dispositive Power 0 9 Aggregate Amount Beneficially Owned by Each Reporting Person 0 10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] 11 Percent of Class Represented by Amount in Row 9 0% 12 Type of Reporting Person IA CUSIP No. G20045103 SCHEDULE 13G Page 3 of 8 1 Name of Reporting Person MARK B. BAKAR IRS Identification No. of Above Person 2 Check the Appropriate Box if a member of a Group (a) [ ] (b) [ ] 3 SEC USE ONLY 4 Citizenship or Place of Organization United States NUMBER OF 5 Sole Voting Power 0 SHARES BENEFICIALLY 6 Shared Voting Power 0 OWNED BY EACH REPORTING 7 Sole Dispositive Power 0 PERSON WITH 8 Shared Dispositive Power 0 9 Aggregate Amount Beneficially Owned by Each Reporting Person 0 10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] 11 Percent of Class Represented by Amount in Row 9 0% 12 Type of Reporting Person IN CUSIP No. G20045103 SCHEDULE 13G Page 4 of 8 Item 1(a). Name of Issuer: -------------- Central European Media Enterprises Ltd. (the "Issuer") Item 1(b). Address of Issuer's Principal Executive Offices: ----------------------------------------------- Clarendon House, Church Street Hamilton HM CX Bermuda Item 2(a). Names of Persons Filing: ----------------------- ValueVest Management Company, LLC ("Management") Mark B. Bakar ("Bakar") Item 2(b). Address of Principal Business Office or, if none, Residence: ----------------------------------------------------------- The business address of each reporting person is 3288 Steiner Street, Suite 200, San Francisco, California 94123. Item 2(c). Citizenship: ----------- Reference is made to Item 4 of each of the cover pages of this Schedule 13G, which Items are incorporated by reference herein. Item 2(d). Title of Class of Securities: ---------------------------- Class A Common Stock, $.08 par value ("Common Stock") Item 2(e). CUSIP Number: ------------ G20045103 Item 3. If this statement is filed pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). CUSIP No. G20045103 SCHEDULE 13G Page 5 of 8 (e) [ ] An investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Section 240.13d- 1(b)(1)(ii)(J). Item 4. Ownership. --------- Reference is hereby made to Items 5-9 and 11 of each of the cover pages to this Schedule 13G, which Items are incorporated by reference herein. Item 5. Ownership of Five Percent or Less of a Class. -------------------------------------------- If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X]. Item 6. Ownership of More Than Five Percent on Behalf of Another Person. --------------------------------------------------------------- Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. --------------------------------------------------------- Not applicable. Item 8. Identification and Classification of Members of the Group. --------------------------------------------------------- Not applicable. Item 9. Notice of Dissolution of Group. ------------------------------ Not applicable. CUSIP No. G20045103 SCHEDULE 13G Page 6 of 8 Item 10. Certifications. -------------- By signing below each of the undersigned certifies that, to the best of his knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signatures 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: February 10, 2004 VALUEVEST MANAGEMENT COMPANY, LLC By:/s/ Mark B. Bakar ------------------------------ Mark B. Bakar, Managing Member MARK B. BAKAR /s/ Mark B. Bakar --------------------------------- Mark B. Bakar CUSIP No. G20045103 SCHEDULE 13G Page 7 of 8 EXHIBIT INDEX Exhibit A Joint Filing Undertaking Page 8 CUSIP No. G20045103 SCHEDULE 13G Page 8 of 8 EXHIBIT A JOINT FILING UNDERTAKING The undersigned, being authorized thereunto, hereby execute this agreement as an exhibit to this Schedule 13G to evidence the agreement of the below-named parties, in accordance with rules promulgated pursuant to the Securities Exchange Act of 1934, to file this Schedule and any subsequent amendment jointly on behalf of each of such parties. Dated: February 10, 2004 VALUEVEST MANAGEMENT COMPANY, LLC By:/s/ Mark B. Bakar ------------------------------ Mark B. Bakar, Managing Member MARK B. BAKAR /s/ Mark B. Bakar --------------------------------- Mark B. Bakar -----END PRIVACY-ENHANCED MESSAGE-----