-----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, QW8nAT7PUVLDmONftUOs2gKPq+JbZujQ3QO6AxuJ9121yld6UlEauQjHlMB63dlu JKC53/lzjqQlzvft6NWoUw== 0000950147-98-000021.txt : 19980114 0000950147-98-000021.hdr.sgml : 19980114 ACCESSION NUMBER: 0000950147-98-000021 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980113 SROS: NASD GROUP MEMBERS: ANDREW M. BOAS GROUP MEMBERS: CARL MARKS MANAGEMENT CO L P /NY/ GROUP MEMBERS: CARL MARKS MANAGEMENT COMPANY, LP GROUP MEMBERS: ROBERT C. RUOCCO SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SEAMAN FURNITURE CO INC CENTRAL INDEX KEY: 0000770504 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FURNITURE STORES [5712] IRS NUMBER: 112751205 STATE OF INCORPORATION: DE FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-45527 FILM NUMBER: 98505972 BUSINESS ADDRESS: STREET 1: 300 CROSSWAYS PARK DR CITY: WOODBURY STATE: NY ZIP: 11797 BUSINESS PHONE: 5164969560 MAIL ADDRESS: STREET 1: 300 CROSSWAYS PK DR CITY: WOODBURY STATE: NY ZIP: 11797 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CARL MARKS MANAGEMENT CO L P /NY/ CENTRAL INDEX KEY: 0000942826 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 133434745 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 135 E 57TH ST CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2129098400 MAIL ADDRESS: STREET 1: 135 EAST 57TH STREET CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 6) SEAMAN FURNITURE COMPANY, INC. (Name of Issuer) CLASS A COMMON STOCK CLASS B COMMON STOCK (Title of Class of Securities) 812163-30-1 (CUSIP Number) Jeffrey B. Cobb, Esq. Cobb & Eisenberg LLC 315 Post Road West Westport, CT 06881 (203) 222-9560 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 23, 1997 (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/A, and is filing this Schedule because of Rule 13d-1(b)(3) or (4), check the following box |_|. Check the following box if a fee is being paid with the statement |_|. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) Page 1 of 10 pages - ------------------------------ ---------------------------------- CUSIP No. 812163-30-1 Page 2 of 10 Pages ------------ --- ------ - ------------------------------ ---------------------------------- - ------------ ------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Carl Marks Strategic Investments, L.P. - ------------ ------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - ------------ ------------------------------------------------------------------- 3 SEC USE ONLY - ------------ ------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - ------------ ------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) |_| - ------------ ------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------ ------------------------------------------------------------------- SOLE VOTING POWER NUMBER OF 7 36,026 shares-Class A; 102,534 shares-Class B** -------- --------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY -0- -------- --------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 36,026 shares-Class A; 102,534 shares-Class B -------- --------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - ------------ ------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 36,026 shares-Class A; 102,534 shares-Class B ** - ------------ ------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - ------------ ------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 17.2%(each Class) - ------------ ------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - ------------ ------------------------------------------------------------------- ** Includes shares owned beneficially by other registered persons but omits certain shares owned by certain group members. See Item 5. - ------------------------------ ---------------------------------- CUSIP No. 812163-30-1 Page 3 of 10 Pages ------------ --- ------ - ------------------------------ ---------------------------------- - ------------ ------------------------------------------------------------------- NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 1 Carl Marks Strategic Investments II, L.P. - ------------ ------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - ------------ ------------------------------------------------------------------- 3 SEC USE ONLY - ------------ ------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - ------------ ------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) |_| - ------------ ------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------ ------------------------------------------------------------------- SOLE VOTING POWER NUMBER OF 7 15,469 shares-Class A; 44,028 shares-Class B** -------- --------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY -0- -------- --------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 15,469 shares-Class A; 44,028 shares-Class B** -------- --------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - ------------ ------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,469 shares-Class A; 44,028 shares-Class B** - ------------ ------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - ------------ ------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.4%(each Class) - ------------ ------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - ------------ ------------------------------------------------------------------- ** Includes shares owned beneficially by other registered persons but omits certain shares owned by certain group members. See Item 5. - ------------------------------ ---------------------------------- CUSIP No. 812163-30-1 Page 4 of 10 Pages ------------ --- ------ - ------------------------------ ---------------------------------- - ------------ ------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Carl Marks Management Company, L.P. - ------------ ------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - ------------ ------------------------------------------------------------------- 3 SEC USE ONLY - ------------ ------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ------------ ------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) |_| - ------------ ------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------ ------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 51,495 shares-Class A; 146,562 shares-Class B** -------- --------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED -0- -------- --------------------------------------------- BY 9 SOLE DISPOSITIVE POWER EACH REPORTING 51,495 shares-Class A; 146,562 shares-Class AGENCY B ** -------- --------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - ------------ ------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 51,495 shares-Class A; 146,562 shares-Class B ** - ------------ ------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - ------------ ------------------------------------------------------------------- PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 24.6%(each Class) - ------------ ------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - ------------ ------------------------------------------------------------------- ** Includes shares owned beneficially by other registered persons but omits certain shares owned by certain group members. See Item 5. - ------------------------------ ---------------------------------- CUSIP No. 812163-30-1 Page 5 of 10 Pages ------------ --- ------ - ------------------------------ ---------------------------------- - ------------ ------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Andrew M. Boas - ------------ ------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - ------------ ------------------------------------------------------------------- 3 SEC USE ONLY - ------------ ------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ------------ ------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) |_| - ------------ ------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. - ------------ ------------------------------------------------------------------- SOLE VOTING POWER NUMBER OF 7 -0- -------- --------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED 54,199 shares-Class A; 154,258 shares-Class B** -------- --------------------------------------------- BY EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON -0- -------- --------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH 54,199 shares-Class A; 154,258 shares-Class B ** - ------------ ------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 54,199 shares-Class A; 154,258 shares-Class B ** - ------------ ------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - ------------ ------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 25.8% (each Class) - ------------ ------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------ ------------------------------------------------------------------- ** Includes shares owned beneficially by other registered persons but omits certain shares owned by certain group members. See Item 5. - ------------------------------ ---------------------------------- CUSIP No. 812163-30-1 Page 6 of 10 Pages ------------ --- ------ - ------------------------------ ---------------------------------- - ------------ ------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Robert C. Ruocco - --------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - --------- ---------------------------------------------------------------------- 3 SEC USE ONLY - --------- ---------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - --------- ---------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) |_| - --------- ---------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. - --------- ---------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF -0- -------- ------------------------------------------------ SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED 54,199 shares-Class A; 154,258 shares-Class B ** -------- ------------------------------------------------ BY 9 SOLE DISPOSITIVE POWER EACH REPORTING -0- AGENCY -------- ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 54,199 shares-Class A; 154,258 shares-Class B ** - --------- ---------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 54,199 shares-Class A; 154,258 shares-Class B ** - --------- ---------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - --------- ---------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 25.8% (each Class) - --------- ---------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - --------- ---------------------------------------------------------------------- ** Includes shares owned beneficially by other registered persons but omits certain shares owned by certain group members. See Item 5. Item 1. Security and Issuer This Amendment No. 6 to Schedule 13D relates to the Common Stock, par value $.01 per share (the "Common Stock"), issued by Seaman Furniture Company, Inc., a Delaware corporation (the "Company"). This Amendment to Schedule 13D is being filed pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder (the "Exchange Act"). This Amendment further amends a Schedule 13D, dated April 22, 1993, as previously amended by Amendment No. 1, dated January 4, 1994, Amendment No. 2, dated May 18, 1994, Amendment No. 3, dated June 14, 1996, Amendment No. 4, dated July 8, 1997, and Amendment No. 5, dated August 13,1997 (as amended, the "Original Schedule 13D"). Except as amended hereby, the responses in the Original Schedule 13D remain unchanged. Item 3. Source and Amount of Funds or Other Consideration All shares of Common Stock held by the Reporting Persons were exchanged pursuant to the Agreement and Plan of Merger dated as of August 13, 1997, as amended on September 4, 1997 (the "Merger Agreement"), by and between the Company and SFC Merger Company, a Delaware corporation ("Newco"), a copy of which was previously filed with the Securities and Exchange Commission in connection with the merger and is herein incorporated by reference. The Reporting Persons, together with T. Rowe Price and M.D. Sass (collectively, the "Participating Funds"), formed Newco solely for the purpose of acquiring approximately 20% of the Company's outstanding Common Stock not already owned by the foregoing persons through a one-step merger transaction. The Reporting Persons contributed 938,050 shares (approximately 20.7% of the total issued and outstanding shares) of Company Common Stock to Newco as the subscription price for shares of Newco common stock. In exchange for such Company Common Stock, the Reporting Persons received a total of 54,199 shares of Class A common stock of Newco ("Newco Class A Common Stock"), and 154,258 shares of Class B common stock of Newco ("Newco Class B Common Stock").. Upon consummation of the merger in which the Company was the surviving company (the "Surviving Company"), each share of Newco Class A Common Stock was converted into one share of Class A Common Stock of the Surviving Company (the "Class A Common") and each share of Newco Class B Common Stock was converted into one share of Class B Common Stock of the Surviving Company (the "Class B Common"). All stockholders of the Company 7 other than Newco were entitled to receive in the merger $25.05 per share of Common Stock in cash. Item 4. Purpose of Transaction The response to Item 3 is incorporated herein by this reference. The Common Stock was acquired in connection with the merger and as further described in the Participating Funds' filing on Schedule 13-E filed with the Commission on September 5, 1997, as amended and supplemented by Amendment No. 1 thereto filed on October 27, 1997, and Amendment No. 2 thereto filed on November 18, 1997. Item 5. Interest in Securities of the Issuer The responses to Items 3 and 4 are incorporated herein by this reference. As a result of the merger, the Reporting Persons beneficially own the amounts of Class A Common and Class B Common respectively indicated below. (a) As of the date hereof, the Partnership owned beneficially 36,026 shares of Class A Common and 102,534 chares of Class B Common, constituting approximately 17.2% of the outstanding shares of each class. In its capacity as general partner of the Partnership, such shares may be deemed also owned beneficially by the General Partner and, in their capacity as general partners of the General Partner, by Messrs. Boas and Ruocco. As of the date hereof, Partnership II owned beneficially 15,469 shares of Class A Common and 44,028 shares of Class B Common, constituting approximately 7.4% of the outstanding shares of each class. In its capacity as general partner of Partnership II, such shares may be deemed also owned beneficially by the General Partner and, in their capacity as general partners of the General Partner, by Messrs. Boas and Ruocco. As of the date hereof, the Account owned beneficially 2,704 shares of Class A Common and 7,696 shares of Class B Common, constituting approximately 1.3% of the outstanding shares of each class, which shares may be deemed also owned beneficially by the Manager in its capacity as investment manager for the Account and, in their capacity as executive officers of the Manager, by Messrs. Boas and Ruocco. By reason of the foregoing, as of the date hereof the Reporting Persons owned beneficially the following respective aggregate amounts and approximate percentages of the outstanding shares of Common Stock:(i) the Partnership, 36,026 shares of Class A and 102,534 shares of Class B (17.2%); (ii) Partnership 8 II, 15,469 shares of Class A and 44,028 shares of Class B (7.4%); (iii) the General Partner, 51,495 shares of Class A and 146,562 shares of Class B (24.6%); and (iv) each of Messrs. Boas and Ruocco, 54,199 shares of Class A and 154,258 shares of Class B (25.8%). To the knowledge of the Reporting Persons, (i) the remaining shares of Class A Common and Class B Common are held by the other Participating Funds; and (ii) members of senior management of the Surviving Company, including Alan Rosenberg, Steven Halper and Peter McGeough (the "Participating Executives"), have options to purchase up to 16% of the Class A Common and the Class B Common on a fully diluted basis. The Reporting Persons disclaim the existence of a "group" with any other persons with regard to any matter other than the merger. This Schedule 13D is filed solely on behalf of the Reporting Persons and not with respect to any of the other Participating Funds or Participating Executives. Except as disclosed in this Schedule 13D, neither the Reporting Persons nor, to their knowledge, any of the persons identified in Item 2 hereto have effected transactions in shares of Common Stock during the preceding 60 days. Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer The responses to Items 3 and 4 are incorporated herein by this reference. Item 7. Material to be Filed as Exhibits Exhibit 1. Agreement and Plan of Merger, dated as of August 13, 1997 as amended on September 4, 1997, by and between Newco and the Company (incorporated by reference to Schedule 14A filed by the Company on November 18, 1997). Signatures 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: January 13, 1998 9 CARL MARKS STRATEGIC INVESTMENTS, L.P. By: Carl Marks Management Company, L.P., General Partner By: /s/ Robert C. Ruocco , a General Partner ------------------------------- CARL MARKS STRATEGIC INVESTMENTS II, L.P. By: Carl Marks Management Company, L.P., General Partner By: /s/ Robert C. Ruocco , a General Partner ------------------------------- CARL MARKS MANAGEMENT COMPANY, L.P. By: /s/ Robert C. Ruocco , a General Partner ------------------------------- /s/ Andrew M. Boas ------------------------------- ANDREW M. BOAS /s/ Robert C. Ruocco ------------------------------- ROBERT C. RUOCCO 10 -----END PRIVACY-ENHANCED MESSAGE-----