-----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, TWaQEARlko9yYQIaGWnRZ2ALyO9ubhroS02T5ew/iNU+anBw4JQ1ccU0f6aPV82u mlwvxEqAwGQ45CC91wZuoQ== 0000919574-98-000263.txt : 19980224 0000919574-98-000263.hdr.sgml : 19980224 ACCESSION NUMBER: 0000919574-98-000263 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980223 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FIRST INVESTORS FINANCIAL SERVICES GROUP INC CENTRAL INDEX KEY: 0000948034 STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141] IRS NUMBER: 760465087 STATE OF INCORPORATION: TX FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-45119 FILM NUMBER: 98547345 BUSINESS ADDRESS: STREET 1: 675 BERING DR STREET 2: STE 710 CITY: HOUSTON STATE: TX ZIP: 77057 BUSINESS PHONE: 7139772600 MAIL ADDRESS: STREET 1: 675 BERING DR STREET 2: STE 710 CITY: HOUSTON STATE: TX ZIP: 77057 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: JAM PARTNERS LP CENTRAL INDEX KEY: 0000944774 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 54 EAST 11TH ST STE 7 CITY: NEW YORK STATE: NY ZIP: 10003 BUSINESS PHONE: 2127541422 MAIL ADDRESS: STREET 1: ONE FIFTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10003 SC 13D/A 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 Amendment No.: 2 Name of Issuer: First Investors Financial Services Group, Inc. Title of Class of Securities: Common Stock CUSIP Number: 32058A101 (Name, Address and Telephone Number of Person Authorized To Receive Notices and Communications) Sy Jacobs, c/o JAM Partners, L.P., One 5th Avenue, New York, New York 10003 (Date of Event which Requires Filing of this Statement) February 11, 1998 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 [ ]. 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 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.: 32058A101 1. Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person JAM 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 if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization Delaware Number of Shares Beneficially Owned by Each Reporting Person With: 7. Sole Voting Power: 8. Shared Voting Power: 444,100 9. Sole Dispositive Power: 10. Shared Dispositive Power: 444,100 11. Aggregate Amount Beneficially Owned by Each Reporting Person 444,100 12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares 2 13. Percent of Class Represented by Amount in Row (11) 7.98% 14. Type of Reporting Person PN 3 CUSIP No.: 32058A101 1. Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Sy Jacobs 2. Check the Appropriate Box if a Member of a Group a. b. x 3. SEC Use Only 4. Source of Funds WC; PF 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization U.S.A. Number of Shares Beneficially Owned by Each Reporting Person With: 7. Sole Voting Power: 15,000 8. Shared Voting Power: 444,100 9. Sole Dispositive Power: 15,000 10. Shared Dispositive Power: 444,100 11. Aggregate Amount Beneficially Owned by Each Reporting Person 459,100 12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares 4 13. Percent of Class Represented by Amount in Row (11) 8.25% 14. Type of Reporting Person IN 5 The purpose of this Amendment No. 2 to the previously filed Schedule 13D is to report that the ownership of JAM Partners, L.P. (the "Partnership") and Sy Jacobs (together with the Partnership, the "Reporting Persons") in the Common Stock, par value $.001 per share (the "Shares"), of First Investors Financial Services Group, Inc. (the "Issuer") has increased from 6.96% and 6.96%, respectively, to 7.97% and 8.25%, respectively, of the Shares outstanding. Item 1. Security and Issuer No change. Item 2. Identity and Background No change. Item 3. Source and Amount of Funds or Other Consideration As of the date hereof, the Partnership is deemed to beneficially own 444,100 Shares and Mr. Jacobs is deemed to beneficially own 459,100 Shares. 444,100 Shares are held by the Partnership and 15,000 shares are held by Mr. Jacobs. All the Shares were purchased in open market transactions. The Shares were purchased for an aggregate purchase price of $3,185,571.17. The funds for the purchase of the Shares held in the Partnership have come from the working capital of the Partnership. The working capital of the Partnership includes the proceeds of margin loans entered into in the ordinary course of business with Montgomery Securities, such loans being secured by the securities owned by the Partnership. The funds for the shares held by Mr. Jacobs have come from Mr. Jacobs personal funds. Item 4. Purpose of Transactions No change. Item 5. Interest in Securities of Issuer As of the date hereof, the Partnership is deemed to be the beneficial owner of 444,100 Shares and Mr. Jacobs is deemed to be the beneficial owner of 459,100 Shares. Based on the Issuer's filing on Form 10-Q on December 12, 1997, as of November 28, 1997 there were 5,566,669 Shares outstanding. Therefore, the Partnership is deemed to beneficially own 7.97% of the outstanding Shares and Mr. Jacobs is deemed to beneficially own 8.25% of the outstanding Shares. The Reporting Persons have the sole or shared power to vote, 6 direct the vote, dispose of or direct the disposition of all the Shares that they are deemed to beneficially own. All transactions in the Shares effected by the Reporting Persons since the most recent filing on Schedule 13D through the date of this filing were effected in open- market transactions and are set forth in Exhibit B hereto. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer No change. Item 7. Material to be Filed as Exhibits 1. An agreement relating to the filing of a joint statement as required by Rule 13d-1(f) under the Securities Exchange Act of 1934 is filed herewith as Exhibit A. 2. A description of the transactions in the Shares that were effected by the Reporting Persons since the most recent filing on Schedule 13D through the date of this filing is filed herewith as Exhibit B. 7 Signature The undersigned, after reasonable inquiry and to the best of their knowledge and belief, certify that the information set forth in this statement is true, complete and correct. JAM PARTNERS, L.P. By: /s/ Sy Jacobs _____________________________ Sy Jacobs, General Partner /s/ Sy Jacobs _________________________________ Sy Jacobs February 23, 1998 8 01252001.AI4 Exhibit A AGREEMENT The undersigned agree that this Schedule 13D dated February 23, 1998 relating to the Common Stock of First Investors Financial Services Group, Inc. shall be filed on behalf of the undersigned. JAM PARTNERS, L.P. By: /s/ Sy Jacobs _____________________________ Sy Jacobs, General Partner /s/ Sy Jacobs _________________________________ Sy Jacobs 01252001.AI4 Exhibit B SCHEDULE OF TRANSACTIONS Price Per Share Date Shares Purchased or (Sold) (excluding commission) ____ ________________________ _________________ 12/31/97 2,000 $7.01 12/31/97 7,100 6.72 1/30/98 2,300 6.69 2/6/98 25,000 6.13 2/11/98 20,000 6.13 2/18/98 15,000 6.125 01252001.AI4 -----END PRIVACY-ENHANCED MESSAGE-----