SC 13D 1 t75006_sc13d.htm SCHEDULE 13D t75006_sc13d.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13D
 
Under the Securities Exchange Act of 1934
(Amendment No. ________)*
 
American Restaurant Concepts, Inc.
(Name of Issuer)
 
Class A Common Stock, par value $0.01 per share
(Title of Class of Securities)
 
029281102
(CUSIP Number)
 
William D. Leopold II
3551 East Third Road
LaSalle, IL 61301
(815) 830-3940
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
 
November 2, 2012
(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 that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨
 
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 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 disclosures provided in a prior cover page.
 
The information required on 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. 029281 10 2 13D Page 2 of 4 Pages
 
1
NAME OF REPORTING PERSONS:  
 
William D. Leopold II
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a)   o
(b)   o
 
  
3
SEC USE ONLY
 
4
SOURCE OF FUNDS  (see instructions)
 
PF                                               
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)   o
 
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States of America
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
 PERSON WITH
7
SOLE VOTING POWER
15,530,000
8
SHARED VOTING POWER
0
9
SOLE DISPOSITIVE POWER
15,530,000
10
SHARED DISPOSITIVE POWER
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
15,530,000
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(see instructions)   o
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
41.2%
14
TYPE OF REPORTING PERSON  (see instructions)
 
IN
 
 
 
 
 
 
 
 
CUSIP No. 029281 10 2 13D Page 3 of 4 Pages
 
 
Item 1.  Security and Issuer.
 
    This statement relates to the Class A common stock, par value $0.01 per share (“Common Stock”), of American Restaurant Concepts, Inc. (the “Issuer”).  The address of the principal executive offices of the Issuer is 12763 Clear Springs Drive, Jacksonville, FL 32225.
 
Item 2.  Identity and Background.
 
(a) The name of the person filing this statement is William D. Leopold II (the “Reporting Person”).
   
(b) The address of the Reporting Person is 3551 East Third Road, LaSalle, IL 61301.
   
(c) The Reporting Person has retired from active employment and serves as a private investor.
   
(d) The Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) during the last five years.
   
(e)
The Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction during the last five years that subjected the Reporting Person 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) The Reporting Person is a citizen of the United States of America.
 
Item 3.  Source or Amount of Funds or Other Consideration.
 
    The total purchase price for the shares of Common Stock was $500,000 along with an obligation to pay off certain debts of the Issuer.  All prior and future payments of the purchase price will be made out of the personal funds of the Reporting Person.
 
Item 4.  Purpose of Transaction.
 
    The Reporting Person purchased the securities of the Issuer based on its belief that the securities, when purchased, were undervalued and represented an attractive investment opportunity.  In addition, the Reporting Person has the right to request that Michael Rosenberger, the Chief Executive Officer, Chief Financial Officer, Secretary and Chairman of the Board of Directors of the Issuer, resign from all such positions with the Issuer on or after June 2, 2013.  On November 8, 2012, the Issuer’s Board of Directors (the “Board”) appointed Fred Alexander to serve as a director of the Issuer.  The appointment of Mr. Alexander to the Board was made by the Board at the recommendation of the Reporting Person.  As of the date hereof, the Reporting Person has no plans or proposals that relate to, or would result in, a change in the present board of directors or management of the Issuer.
 
Item 5.  Interest in Securities of the Issuer.
 
(a)
The Reporting Person purchased 15,530,000 shares of Common Stock, representing 41.2% of the outstanding shares of Common Stock.  The percentage of shares of Common Stock owned by the Reporting Person was calculated based upon 37,208,540 shares of Common Stock outstanding on October 12, 2012 as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on October 15, 2012.
 
(b)
The Reporting Person has sole power to vote or direct the vote of, and sole power to dispose of to direct the disposition of, the 15,530,000 shares of Common Stock.
 
(c)
There have been no transactions in securities of the Issuer by the Reporting Person during the past 60 days.
 
(d)
No person other than the Reporting Person is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the shares of Common Stock.
 
(e)
Not applicable.
 
Item 6.  Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
 
    Not applicable.
 
Item 7.  Material to Be Filed as Exhibits
 
 
Exhibit 1
Securities Purchase Agreement, dated November 2, 2012, by and between William D. Leopold II and Michael Rosenberger.
 
 
 
 
 
 
 
 
CUSIP No. 029281 10 2
  
13D
  
Page 4 of 4 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.
 
       
 
 
 /s/ William D. Leopold II  
   
William D. Leopold II
  
       
    November 13, 2012  
   
Date
  
 
 
 
 
 
 
EXHIBIT INDEX

Exhibit 1
Securities Purchase Agreement, dated November 2, 2012, by and between William D. Leopold II and Michael Rosenberger.