-----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, Nl4UStRhbfYNxgRh/4T45th0jmYmy4rfTHHUEVKSyVuSERnOot4F6K4jQe2rElop 3nlrgnSiYi9wnY2qku44PA== 0000950147-02-000152.txt : 20020414 0000950147-02-000152.hdr.sgml : 20020414 ACCESSION NUMBER: 0000950147-02-000152 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020201 GROUP MEMBERS: RICHTER INVESTMENT CORP. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AVESIS INC CENTRAL INDEX KEY: 0000795574 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 860349350 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-39650 FILM NUMBER: 02524486 BUSINESS ADDRESS: STREET 1: 3724 NORTH THIRD ST STREET 2: STE 300 CITY: PHOENIX STATE: AZ ZIP: 85012 BUSINESS PHONE: 6029567287 MAIL ADDRESS: STREET 1: 3724 NORTH THIRD STREET STREET 2: SUITE 300 CITY: PHOENIX STATE: AZ ZIP: 85012 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL VISION SERVICES INC DATE OF NAME CHANGE: 19900117 FORMER COMPANY: FORMER CONFORMED NAME: NBS NATIONAL BENEFIT SERVICES INC DATE OF NAME CHANGE: 19910114 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RICHTER WILLIAM L CENTRAL INDEX KEY: 0001032113 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: C/O RICHTER & COMPANY STREET 2: 450 PARK AVE 28TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2124216300 MAIL ADDRESS: STREET 1: 450 PARK AVE 28TH FLOOR STREET 2: WILLIAM RICHTER RICHTER & INC CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D 1 e-8044.txt SCHEDULE 13D OF AVESIS INCORPORATED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 7)* AVESIS INCORPORATED ------------------------------ (Name of Issuer) COMMON STOCK ------------------------------ (Title of Class of Securities) 053650107 -------------- (CUSIP Number) William L. Richter, Richter Investment Corp. 450 Park Avenue, New York, NY 10022 (212) 421-6300 with copies to: Joel H. Alperstein, Treasurer, Avesis Incorporated 10324 S. Dolfield Rd. Owings Mills, MD 21117 (410) 581-8700 -------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 24, 2001 ------------------------------------------------------- (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 [ ]. (Continued on the following pages(s)) Page 1 of 7 Pages - ------------------- ----------------- CUSIP NO. 053650107 SCHEDULE 13D Page 2 of 7 Pages - ------------------- ----------------- 1 NAMES OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON William L. Richter ---------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] ---------------------------------------------------------------------------- 3 SEC USE ONLY ---------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF ---------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] ---------------------------------------------------------------------------- 6 CITZENSHIP OR PLACE OF ORGANIZATION United States ---------------------------------------------------------------------------- 7 SOLE VOTING POWER 1,909,360 (including shares shown on page 3 hereof) NUMBER OF ----------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY ----------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 1,909,360 (including shares shown on page 3 hereof) PERSON ----------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER ----------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,909,360 ---------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] ---------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 23.0% ---------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN ---------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. - ------------------- ----------------- CUSIP NO. 053650107 SCHEDULE 13D Page 3 of 7 Pages - ------------------- ----------------- 1 NAMES OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Richter Investment Corp. ---------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] ---------------------------------------------------------------------------- 3 SEC USE ONLY ---------------------------------------------------------------------------- 4 SOURCE OF FUNDS* N/A ---------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] ---------------------------------------------------------------------------- 6 CITZENSHIP OR PLACE OF ORGANIZATION Delaware ---------------------------------------------------------------------------- 7 SOLE VOTING POWER 769,630 NUMBER OF ----------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY ----------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 769,630 PERSON ----------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER ----------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 769,630 ---------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] ---------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.7% ---------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO ---------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. ITEM 1. SECURITY AND ISSUER. This Statement relates to Common Stock, $.01 par value, of Avesis Incorporated (the "Issuer"). The principal executive offices of the Issuer are located at 3724 North Third Street, Suite 300, Phoenix, Arizona 85012. ITEM 2. IDENTITY AND BACKGROUND. This statement is being filed by: (a) William L. Richter and Richter Investment Corp., a Delaware corporation. (b) Filing person's address: Richter Investment Corp. 450 Park Avenue, 28th Floor, New York, NY 10022 (c) William L. Richter is President of Richter Investment Corp., a holding company. The names, residence or business addresses and present principal occupation or employment of the executive officers and directors of Richter Investment Corp. are set forth in Appendix 1 hereto and incorporated herein by this reference. (d) To the best of the filing persons knowledge, during the last five years, none of the persons named in this Item 2 or in Appendix 1 hereto has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) To the best of the filing persons knowledge, during the last five years, none of the persons named in this Item 2 or in Appendix 1 hereto has been or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) Mr. Richter is a citizen of the United States. Page 4 of 7 Pages ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. On December 24, 2001, Mr. Richter purchased 45,000 shares of the Issuer's Common Stock, at a price of $0.50 per share, and 16,875 shares of the Issuer's Class A, Senior Nonvoting Cumulative Convertible Preferred Stock, Series A ("Series A Shares"), at a price of $3.75 per share. The total funds expended, $85,781.25, were from the personal funds of Mr. Richter. ITEM 4. PURPOSE OF TRANSACTION. All of the Issuer's shares held by William L. Richter and Richter Investment Corp. and the persons listed in Appendix 1 are held for investment purposes only. Except as described above and acknowledging that Mr. Richter is the Co-Chairman (and a director) of the Issuer's Board of Directors, none of the above persons has any present plan or proposal that relates to or would result in any of the actions described in clauses (a) through (j) of Item 4 of Schedule 13D, although such persons may from time to time in the future acquire or sell shares of Common Stock or securities convertible into Common Stock. At present, each of such persons contemplates that such additional shares, if any, would also be purchased for investment purposes only. Statements as to the persons listed in Appendix 1 are made to the knowledge of the filing persons. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) The aggregate number and percentage of Issuer Common Stock beneficially owned by William L. Richter is 1,909,360 and 23.0%, respectively (including the securities referred to in the next sentence). Richter Investment Corp. is the beneficial owner of 769,630 shares or 9.7% of Common Stock. (b) See Items 7 through 10 on the Cover Pages of this Amendment No. 7 to Schedule 13D. (c) The following transactions were effected since 60 days prior to the date of the event that requires filing of this statement: (i) On December 24, 2001, Mr. Richter purchased 45,000 shares of the Issuer's Common Stock, at a price of $0.50 per share, and 16,875 shares of the Issuer's Class A, Senior Nonvoting Cumulative Convertible Preferred Stock, Series A, at a price of $3.75 per share. (d) Not applicable. (e) Not applicable. Page 5 of 7 Pages ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Except as set forth above or set forth in the exhibits, there are no contracts, arrangements, understandings, or relationships between Mr. Richter and any other person with respect to any securities of the Company ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. 1. Stock Purchase Warrant issued to Richter & Co., Inc. dated March 18, 1993 for the purchase of 240,000 shares of the Issuer's Common Stock. * 2. Stock Purchase Warrant issued to William L. Richter dated March 18, 1993 for the purchase of 160,000 shares of the Issuer's Common Stock. * 3. Registration Rights Agreement dated March 18, 1993 among Avesis Incorporated, National Health Enterprises, Inc., Alan Cohn and Kenneth L. Blum, Jr. (as referred to in Section 8 of the above Warrants). * 4. Certification of Joint Filing pursuant to Rule 13d-1(f). ** 5. Supplemental Agreement to the December 5, 1994 Investment Banking Agreement. *** - ---------- * Incorporated by reference from Amendment No. 2 to Schedule 13D of the filing persons, dated March 18, 1993 ** Incorporated by reference from Amendment No. 4 to Schedule 13D of the filing persons, dated November 29, 1994 *** Incorporated by reference from Amendment No. 5 to Schedule 13D of the filing persons, dated May 27, 1998 Page 6 of 7 Pages 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. January 31, 2002 /s/ William L. Richter ---------------------------------------- William L. Richter RICHTER INVESTMENT CORP. By: /s/ William L. Richter ---------------------------------------- William L. Richter President Page 7 of 7 Pages APPENDIX 1 1. RICHTER INVESTMENT CORP. DIRECTORS Richard L. Rubin 36 The Crossings Professor of Political Science Purchase, NY 10577 and Public Policy at Swarthmore College; President of the Dedalus Foundation, Inc.; engaged in various investments William L. Richter 450 Park Avenue Chairman and President of 28th Floor Richter Investment Corp.; New York, NY 10022 Co-Chairman of Avesis Incorporated, Vice-Chairman of Rent-A-Wreck of America, Inc.; Senior Managing Director of Cerberus Capital Management, L.P. EXECUTIVE OFFICER William L. Richter 450 Park Avenue President 28th Floor New York, NY 10022 -----END PRIVACY-ENHANCED MESSAGE-----