-----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, PNx4vTCjjcgAoN8XYCO0e0hrZFfoBbrj8938Qx0LYk0I0iPjOeo2/fJHQ0HyJnQ2 yuKTRmBJFRR/WQOsnV+wRg== 0000950137-06-014246.txt : 20061229 0000950137-06-014246.hdr.sgml : 20061229 20061228195546 ACCESSION NUMBER: 0000950137-06-014246 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20061229 DATE AS OF CHANGE: 20061228 GROUP MEMBERS: JONATHAN BROOKS GROUP MEMBERS: SMITHWOOD ADVISERS, L.P. GROUP MEMBERS: SMITHWOOD GENERAL PARTNER, LLC GROUP MEMBERS: SMITHWOOD PARTNERS, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ASSISTED LIVING CONCEPTS INC CENTRAL INDEX KEY: 0000929994 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-NURSING & PERSONAL CARE FACILITIES [8050] IRS NUMBER: 931148702 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-43405 FILM NUMBER: 061303770 BUSINESS ADDRESS: STREET 1: 111 WEST MICHIGAN STREET CITY: MILWAUKEE STATE: WI ZIP: 53203 BUSINESS PHONE: (414) 908-8800 MAIL ADDRESS: STREET 1: 111 WEST MICHIGAN STREET CITY: MILWAUKEE STATE: WI ZIP: 53203 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: JMB CAPITAL PARTNERS LP CENTRAL INDEX KEY: 0001165776 IRS NUMBER: 260015969 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 1999 AVENUE OF THE STARS STREET 2: SUITE 2040 CITY: LOS ANGELES STATE: CA ZIP: 90067 BUSINESS PHONE: 3102862929 MAIL ADDRESS: STREET 1: 1999 AVE OF THE STARS CITY: LOS ANGELES STATE: CA ZIP: 90067 SC 13G 1 v26136sc13g.txt SCHEDULE 13G ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. ____)* Assisted Living Concepts, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Class A Common Stock, par value $0.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 04544X102 - -------------------------------------------------------------------------------- (CUSIP Number) December 20, 2006 - -------------------------------------------------------------------------------- (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). ================================================================================ Page 1 of 10 CUSIP No. 04544X102 - -------------------------------------------------------------------------------- 1. Name of Reporting Persons: JMB Capital Partners, L.P. I.R.S. Identification Nos. of above persons (entities only). - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions): (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: California - -------------------------------------------------------------------------------- Number of Shares 5. Sole Voting Power: Beneficially Owned By 2,965,800 Each Reporting Person ----------------------------------------------------- With 6. Shared Voting Power: 0 ----------------------------------------------------- 7. Sole Dispositive Power: 2,965,800 ----------------------------------------------------- 8. Shared Dispositive Power: 0 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 2,965,800 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 5.2% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions): PN - -------------------------------------------------------------------------------- Page 2 of 10 CUSIP No. 04544X102 - -------------------------------------------------------------------------------- 1. Name of Reporting Persons: Smithwood Partners, LLC I.R.S. Identification Nos. of above persons (entities only). - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions): (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: California - -------------------------------------------------------------------------------- Number of Shares 5. Sole Voting Power: Beneficially Owned By 2,965,800 Each Reporting Person ----------------------------------------------------- With 6. Shared Voting Power: 0 ----------------------------------------------------- 7. Sole Dispositive Power: 2,965,800 ----------------------------------------------------- 8. Shared Dispositive Power: 0 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 2,965,800 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 5.2% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions): OO - -------------------------------------------------------------------------------- Page 3 of 10 CUSIP No. 04544X102 - -------------------------------------------------------------------------------- 1. Name of Reporting Persons: Smithwood Advisers, L.P. I.R.S. Identification Nos. of above persons (entities only). - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions): (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: California - -------------------------------------------------------------------------------- Number of Shares 5. Sole Voting Power: Beneficially Owned By 2,965,800 Each Reporting Person ----------------------------------------------------- With 6. Shared Voting Power: 0 ----------------------------------------------------- 7. Sole Dispositive Power: 2,965,800 ----------------------------------------------------- 8. Shared Dispositive Power: 0 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 2,965,800 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 5.2% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions): PN, HC - -------------------------------------------------------------------------------- Page 4 of 10 CUSIP No. 04544X102 - -------------------------------------------------------------------------------- 1. Name of Reporting Persons: Smithwood General Partner, LLC I.R.S. Identification Nos. of above persons (entities only). - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions): (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: California - -------------------------------------------------------------------------------- Number of Shares 5. Sole Voting Power: Beneficially Owned By 2,965,800 Each Reporting Person ----------------------------------------------------- With 6. Shared Voting Power: 0 ----------------------------------------------------- 7. Sole Dispositive Power: 2,965,800 ----------------------------------------------------- 8. Shared Dispositive Power: 0 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 2,965,800 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 5.2% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions): OO, HC - -------------------------------------------------------------------------------- Page 5 of 10 CUSIP No. 04544X102 - -------------------------------------------------------------------------------- 1. Name of Reporting Persons: Jonathan Brooks I.R.S. Identification Nos. of above persons (entities only). - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions): (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization: United States of America - -------------------------------------------------------------------------------- Number of Shares 5. Sole Voting Power: Beneficially Owned By 2,965,800 Each Reporting Person ----------------------------------------------------- With 6. Shared Voting Power: 0 ----------------------------------------------------- 7. Sole Dispositive Power: 2,965,800 ----------------------------------------------------- 8. Shared Dispositive Power: 0 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 2,965,800 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 5.2% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions): IN - -------------------------------------------------------------------------------- Page 6 of 10 CUSIP No. 04544X102 ITEM 1. (a) NAME OF ISSUER: Assisted Living Concepts, Inc. (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 111 West Michigan Street Milwaukee, Wisconsin 53203 ITEM 2. (a) NAMES OF PERSONS FILING: (i) JMB Capital Partners, L.P., a California limited partnership; (ii) Smithwood Partners, LLC, a California limited liability company; (iii) Smithwood Advisers, L.P., a California limited partnership; (iv) Smithwood General Partner, LLC, a California limited liability company; and (v) Jonathan Brooks, an individual (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE: 1999 Avenue of the Stars, Suite 2040 Los Angeles, California 90067 (c) CITIZENSHIP: See row 4 of each filer's cover page (d) TITLE OF CLASS OF SECURITIES: Class A Common Stock, par value $0.01 per share (e) CUSIP NUMBER: 04544X102 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 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) [ ] A Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] An Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [ ] An Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-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) [ ] A group, in accordance with Section 240.13d-1(b)(1)(ii)(J). Page 7 of 10 CUSIP No. 04544X102 ITEM 4. OWNERSHIP (a) AMOUNT BENEFICIALLY OWNED: 2,965,800 (b) PERCENT OF CLASS: 5.2%, calculated based on 57,543,165 shares of Class A common stock outstanding, which is the number of shares of Class A common stock outstanding as of November 21, 2006 as set forth in the Issuer's most recent Quarterly Report on Form 10-Q. (c) NUMBER OF SHARES AS TO WHICH EACH FILER HAS: (i) Sole power to vote or to direct the vote: 2,965,800 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 2,965,800 (iv) Shares power to dispose or to direct the disposition of: 0 ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS If the 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 . 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. ITEM 10. CERTIFICATION By signing below I certify that, to the best of my 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. A Joint Filing Agreement is attached hereto as Exhibit 1. Page 8 of 10 CUSIP No. 04544X102 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: December 28, 2006 JMB CAPITAL PARTNERS, L.P. By: Smithwood Partners, LLC, its General Partner By: /s/ Jonathan Brooks -------------------------------------- Name: Jonathan Brooks Title: Sole Member and Manager SMITHWOOD PARTNERS, LLC By: /s/ Jonathan Brooks -------------------------------------- Name: Jonathan Brooks Title: Sole Member and Manager SMITHWOOD ADVISERS, L.P. By: Smithwood General Partner, LLC, its General Partner By: /s/ Jonathan Brooks -------------------------------------- Name: Jonathan Brooks Title: Managing Member SMITHWOOD GENERAL PARTNER, LLC By: /s/ Jonathan Brooks -------------------------------------- Name: Jonathan Brooks Title: Managing Member JONATHAN BROOKS /s/ Jonathan Brooks ------------------------------------------ Jonathan Brooks, an individual Page 9 of 10 CUSIP No. 04544X102 Exhibit 1 JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the undersigned agree that only one statement containing the information required by Schedule 13G need be filed by each of the undersigned with respect to the ownership by each of the undersigned of shares of common stock of Assisted Living Concepts, Inc. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original. Date: December 28, 2006 JMB CAPITAL PARTNERS, L.P. By: Smithwood Partners, LLC, its General Partner By: /s/ Jonathan Brooks ------------------------------------ Name: Jonathan Brooks Title: Sole Member and Manager SMITHWOOD PARTNERS, LLC By: /s/ Jonathan Brooks ------------------------------------ Name: Jonathan Brooks Title: Sole Member and Manager SMITHWOOD ADVISERS, L.P. By: Smithwood General Partner, LLC, its General Partner By: /s/ Jonathan Brooks ------------------------------------ Name: Jonathan Brooks Title: Managing Member SMITHWOOD GENERAL PARTNER, LLC By: /s/ Jonathan Brooks ------------------------------------ Name: Jonathan Brooks Title: Managing Member JONATHAN BROOKS /s/ Jonathan Brooks ---------------------------------------- Jonathan Brooks, an individual Page 10 of 10 -----END PRIVACY-ENHANCED MESSAGE-----