-----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, UpPZZQfh0sTVWcHXilFFEXPtb009u/TQTsCt5ckchdfHAy5IzDT7H8VLfIkk7EPL pAEeYTQRllhUVjTwsiEidw== 0000912057-96-027890.txt : 19961202 0000912057-96-027890.hdr.sgml : 19961202 ACCESSION NUMBER: 0000912057-96-027890 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19961127 SROS: NONE GROUP MEMBERS: CAREVEST CAPITAL, LLC GROUP MEMBERS: FC PARTNERS, L.P. GROUP MEMBERS: FORTUNA ACPUISITION CORP. GROUP MEMBERS: FORTUNA ACPUISITION PARTNERS, L.P. GROUP MEMBERS: FORTUNA ADVISORS, INC. GROUP MEMBERS: FORTUNA CAPITAL MANAGEMENT, INC. GROUP MEMBERS: FORTUNA INVESTMENT PARTNERS L P ET AL GROUP MEMBERS: KAREN B. BRENNER GROUP MEMBERS: MARK E. STROME GROUP MEMBERS: RICHARD FECHTOR GROUP MEMBERS: ROBERT M. THORNTON, JR. GROUP MEMBERS: RONALD J. VANNUKI GROUP MEMBERS: SSCO, INC. GROUP MEMBERS: STROME - SUSSKIND HEDGECAP FUND, L.P. GROUP MEMBERS: STROME HEDGECAP, LIMITED GROUP MEMBERS: STROME SUSSKIND INVESTMENT MANAGEMENT, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: KRUG INTERNATIONAL CORP CENTRAL INDEX KEY: 0000096793 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH [8731] IRS NUMBER: 310621189 STATE OF INCORPORATION: OH FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-03600 FILM NUMBER: 96674115 BUSINESS ADDRESS: STREET 1: 6 NORTH MAIN STREET SUITE 500 CITY: DAYTON STATE: OH ZIP: 45402 BUSINESS PHONE: 5132249066 MAIL ADDRESS: STREET 2: 6 NORTRH MAIN ST SUITE 500 CITY: DAYTON STATE: OH ZIP: 45402 FORMER COMPANY: FORMER CONFORMED NAME: TECHNOLOGY INC DATE OF NAME CHANGE: 19860803 FORMER COMPANY: FORMER CONFORMED NAME: COMANCO INDUSTRIES INC DATE OF NAME CHANGE: 19710719 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FORTUNA INVESTMENT PARTNERS L P ET AL CENTRAL INDEX KEY: 0000906210 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: CA FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 100 WILSHIRE BLVD STREET 2: FIFTEENTH FLOOR CITY: SANTA MONICA STATE: CA ZIP: 90401 BUSINESS PHONE: 3109176600 MAIL ADDRESS: STREET 1: 100 WILSHIRE BLVD STREET 2: 15TH FL CITY: SANTA MONICA STATE: CA ZIP: 90401 SC 13D/A 1 SCH. 13-D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 2)* KRUG INTERNATIONAL CORP. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, No Par Value - -------------------------------------------------------------------------------- (Title of Class of Securities) 501067102 ---------------------------------------- (CUSIP Number) Ronald J. Vannuki 100 Wilshire Blvd., 15th Floor Santa Monica, CA 90401 (310) 917-6600 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) July 19, 1996 ---------------------------------------- (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 / /. 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.) 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 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. 501067102 Page 2 of 30 Pages --------- --- ---- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Fortuna Investment Partners, L.P. - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) /x/ of a Group (b) / / - ------------------------------------------------------------------------------- (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 California - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 0 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 116,475 -------------------------------------------------- (9) Sole Dispositive Power 0 -------------------------------------------------- (10) Shared Dispositive Power 116,475 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 116,475 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / / - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 2.2% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* PN - ------------------------------------------------------------------------------- *SEE INSTRUCTION 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. 501067102 Page 3 of 30 Pages --------- --- ---- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Fortuna Capital Management, Inc. - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) /x/ of a Group (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* N/A - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization California - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 0 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 116,475 -------------------------------------------------- (9) Sole Dispositive Power 0 -------------------------------------------------- (10) Shared Dispositive Power 116,475 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 116,475 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / / - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 2.2% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* CO - ------------------------------------------------------------------------------- *SEE INSTRUCTION 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. 501067102 Page 4 of 30 Pages --------- --- ---- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Ronald J. Vannuki - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) /x/ of a Group (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* N/A - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization USA - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 0 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 116,475 -------------------------------------------------- (9) Sole Dispositive Power 0 -------------------------------------------------- (10) Shared Dispositive Power 116,475 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 116,475 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / / - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 2.2% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* IN - ------------------------------------------------------------------------------- *SEE INSTRUCTION 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. 501067102 Page 5 of 30 Pages --------- --- ---- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Richard Fechtor - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) /x/ of a Group (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* PF - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization USA - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 0 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 169,169 -------------------------------------------------- (9) Sole Dispositive Power 0 -------------------------------------------------- (10) Shared Dispositive Power 169,169 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 169,169 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / / - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 3.3% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* IN - ------------------------------------------------------------------------------- CUSIP No. 501067102 Page 6 of 30 Pages --------- --- ---- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Fortuna Advisors, Inc. - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) /x/ of a Group (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* N/A - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization California - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 0 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 0 -------------------------------------------------- (9) Sole Dispositive Power 0 -------------------------------------------------- (10) Shared Dispositive Power 106,280 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 106,280 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / / - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 2.1% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* CO - ------------------------------------------------------------------------------- CUSIP No. 501067102 Page 7 of 30 Pages --------- --- ---- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Karen B. Brenner - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) /x/ of a Group (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* PF (with respect to shares over which Ms. Brenner has sole dispositive power); N/A (with respect to all other shares in which Ms. Brenner has a beneficial interest.) - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization USA - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 5,620 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 0 -------------------------------------------------- (9) Sole Dispositive Power 5,620 -------------------------------------------------- (10) Shared Dispositive Power 106,280 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 111,900 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / / - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 2.2% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* IN - ------------------------------------------------------------------------------- CUSIP No. 501067102 Page 8 of 30 Pages --------- --- ---- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons CareVest Capital, LLC - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) /x/ of a Group (b) / / - ------------------------------------------------------------------------------- (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 Georgia - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 0 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 52,800 -------------------------------------------------- (9) Sole Dispositive Power 0 -------------------------------------------------- (10) Shared Dispositive Power 52,800 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 52,800 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / / - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 1.0% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* OO - ------------------------------------------------------------------------------- CUSIP No. 501067102 Page 9 of 30 Pages --------- --- ---- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Robert M. Thornton, Jr. - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) /x/ of a Group (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* PF (with respect to shares over which Mr. Thornton, Jr. has sole voting and dispositive power); N/A (with respect to all other shares in which Mr. Thornton, Jr. has a beneficial interest.) - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization USA - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 5,000 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 52,800 -------------------------------------------------- (9) Sole Dispositive Power 5,000 -------------------------------------------------- (10) Shared Dispositive Power 52,800 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 57,800 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / / - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 1.1% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* IN - ------------------------------------------------------------------------------- CUSIP No. 501067102 Page 10 of 30 Pages --------- ---- ---- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Fortuna Acquisition Partners, L.P. - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) /x/ of a Group (b) / / - ------------------------------------------------------------------------------- (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 California - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 0 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 1,918,696 -------------------------------------------------- (9) Sole Dispositive Power 0 -------------------------------------------------- (10) Shared Dispositive Power 1,527,244 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 1,918,696 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / / - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 35.2% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* PN - ------------------------------------------------------------------------------- CUSIP No. 501067102 Page 11 of 30 Pages --------- ---- ---- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons FC Partners, L.P. - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) /x/ of a Group (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* N/A - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization California - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 0 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 1,918,696 -------------------------------------------------- (9) Sole Dispositive Power 0 -------------------------------------------------- (10) Shared Dispositive Power 1,527,244 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 1,918,696 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / / - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 35.2% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* PN - ------------------------------------------------------------------------------- CUSIP No. 501067102 Page 12 of 30 Pages --------- ---- ---- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Fortuna Acquisition Corp. - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) /x/ of a Group (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* N/A - ------------------------------------------------------------------------------- (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 (7) Sole Voting Beneficially Owned Power 0 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 1,918,696 -------------------------------------------------- (9) Sole Dispositive Power 0 -------------------------------------------------- (10) Shared Dispositive Power 1,527,244 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 1,918,696 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / / - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 35.2% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* CO - ------------------------------------------------------------------------------- CUSIP No. 501067102 Page 13 of 30 Pages --------- ---- ---- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Strome - Susskind HedgeCap Fund, L.P. - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) /x/ of a Group (b) / / - ------------------------------------------------------------------------------- (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 (7) Sole Voting Beneficially Owned Power 0 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 0 -------------------------------------------------- (9) Sole Dispositive Power 0 -------------------------------------------------- (10) Shared Dispositive Power 293,589 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 293,589 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / / - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 5.6% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* PN - ------------------------------------------------------------------------------- CUSIP No. 501067102 Page 14 of 30 Pages --------- ---- ---- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Strome HedgeCap, Limited - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) /x/ of a Group (b) / / - ------------------------------------------------------------------------------- (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 Caymen Islands - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 0 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 0 -------------------------------------------------- (9) Sole Dispositive Power 0 -------------------------------------------------- (10) Shared Dispositive Power 97,863 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 97,863 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / / - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 1.9% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* CO - ------------------------------------------------------------------------------- CUSIP No. 501067102 Page 15 of 30 Pages --------- ---- ---- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Strome Susskind Investment Management, L.P. - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) /x/ of a Group (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* N/A - ------------------------------------------------------------------------------- (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 (7) Sole Voting Beneficially Owned Power 0 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 0 -------------------------------------------------- (9) Sole Dispositive Power 0 -------------------------------------------------- (10) Shared Dispositive Power 391,452 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 391,452 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / / - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 7.5% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* PN - ------------------------------------------------------------------------------- CUSIP No. 501067102 Page 16 of 30 Pages --------- ---- ---- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons SSCO, Inc. - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) /x/ of a Group (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* N/A - ------------------------------------------------------------------------------- (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 (7) Sole Voting Beneficially Owned Power 0 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 0 -------------------------------------------------- (9) Sole Dispositive Power 0 -------------------------------------------------- (10) Shared Dispositive Power 391,452 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 391,452 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / / - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 7.5% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* CO - ------------------------------------------------------------------------------- CUSIP No. 501067102 Page 17 of 30 Pages --------- ---- ---- - ------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons Mark E. Strome - ------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member (a) /x/ of a Group (b) / / - ------------------------------------------------------------------------------- (3) SEC Use Only - ------------------------------------------------------------------------------- (4) Source of Funds* N/A - ------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) - ------------------------------------------------------------------------------- (6) Citizenship or Place of Organization USA - ------------------------------------------------------------------------------- Number of Shares (7) Sole Voting Beneficially Owned Power 0 by Each Reporting -------------------------------------------------- Person With (8) Shared Voting Power 0 -------------------------------------------------- (9) Sole Dispositive Power 0 -------------------------------------------------- (10) Shared Dispositive Power 391,452 - ------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 391,452 - ------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / / - ------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 7.5% - ------------------------------------------------------------------------------- (14) Type of Reporting Person* IN - ------------------------------------------------------------------------------- CUSIP No. 501067102 SCHEDULE 13D Page 18 of 30 Pages --------- ---- ---- Item 1. SECURITY AND ISSUER. This filing relates to the Common Stock, without par value (the "Stock"), of KRUG International Corp. (the "Company"). The Stock trades on the NASDAQ maintained by the National Association of Securities Dealers. The Company's principal executive offices are located at 1290 Hercules Drive, Suite 120, Houston, Texas 77058; the Company's telephone number at that location is (281) 212-1233. The number of issued and outstanding shares of Stock as set forth in the Company's 10Q for the period ended June 30, 1996 is 5,151,206. Item 2. IDENTITY AND BACKGROUND. (a) This statement is filed by (i) Fortuna Investment Partners, L.P., a California limited partnership ("Fortuna Investment Partners") with respect to shares of Stock held or beneficially owned by the partnership; (ii) Fortuna Capital Management, Inc. ("Fortuna Capital Management") as general partner and discretionary investment adviser of Fortuna Investment Partners; (iii) Ronald J. Vannuki as sole shareholder and president of Fortuna Capital Management; (iv) Richard Fechtor with respect to shares of Stock held or beneficially owned by him; (v) Fortuna Advisors, Inc. ("Fortuna Advisors") as discretionary investment adviser with respect to shares of Stock held or beneficially owned by its advisory clients; (vi) Karen B. Brenner with respect to shares of Stock held or beneficially owned by her and as sole shareholder and president of Fortuna Advisors; (vii) CareVest Capital, LLC ("CareVest") with respect to shares of Stock held or beneficially owned by the company; (viii) Robert M. Thornton, Jr. with respect to shares of Stock held or beneficially owned by him and as controlling member of CareVest; (ix) Fortuna Acquisition Partners, L.P. ("Fortuna Acquisition Partners") with respect to shares of Stock held or beneficially owned by the partnership; (x) FC Partners, L.P. ("FC Partners") as general partner of Fortuna Acquisition Partners; (xi) Fortuna Acquisition Corp. as general partner of FC Partners; (xii) Strome-Susskind HedgeCap Fund, L.P. ("SS HedgeCap") with respect to shares of Stock held or beneficially owned by the partnership; (xiii) Strome HedgeCap, Limited ("HedgeCap Ltd.") with respect to shares of Stock held or beneficially owned by the corporation; (xiv) Strome Susskind Investment Management, L.P. ("SSIM") as general partner and discretionary investment adviser of SS HedgeCap, and as discretionary investment adviser of HedgeCap Ltd.; (xv) SSCO, Inc. as general partner of SSIM; and (xvi) Mark E. Strome as a Settler and Trustee of The Strome Family Trust, dated 12/9/93, the controlling shareholder of SSCO, Inc. The foregoing persons hereinafter sometimes are referred to collectively as the "Reporting Persons." CUSIP No. 501067102 SCHEDULE 13D Page 19 of 30 Pages --------- ---- ---- (b) The principal business address of (i) Fortuna Investment Partners; (ii) Fortuna Capital Management; (iii) Ronald J. Vannuki; (iv) Fortuna Acquisition Partners; (v) FC Partners; (vi) Fortuna Acquisition Corp.; (vii) SS HedgeCap; (viii) SSIM; (ix) SSCO, Inc.; and (xi) Mark E. Strome is 100 Wilshire Boulevard, Fifteenth Floor, Santa Monica, California 90401. The principal business address of HedgeCap Ltd. is c/o Fund Services (Caymen Islands) Ltd., Grand Caymen, Caymen Islands. The principal business address of (i) Fortuna Advisors and (ii) Karen B. Brenner is 1300 Bristol Street North, Suite 230, Newport Beach, California 92660. The principal business address of Richard Fechtor is 155 Federal Street, Boston, Massachusetts 02110. The principal business address of (i) CareVest and (ii) Robert M. Thornton, Jr. is 1090 Northchase Parkway, Suite 200 South, Marietta, Georgia 30067-6402. (c) The business of (i) Fortuna Investment Partners is that of a private investment partnership engaging in the purchase and sale of securities for investment for its own account; (ii) Fortuna Capital Management is to serve as the general partner of Fortuna Investment Partners; and (iii) Ronald J. Vannuki is to serve as president of Fortuna Capital Management and as a registered representative with Strome Susskind Securities, L.P., a securities brokerage firm. The business of Richard Fechtor is a registered representative and director of Fechtor, Detwiler & Co., a securities brokerage firm. The business of (i) Fortuna Advisors is the provision of discretionary investment management services to clients and (ii) Karen B. Brenner is to serve as president of Fortuna Advisors. The business of (i) CareVest is that of a private investment company engaging in the purchase and sale of securities for investment for its own account and to provide management services, and (ii) Robert M. Thornton, Jr. is to serve as president and CEO of CareVest. The business of (i) Fortuna Acquisition Partners is that of a private investment partnership engaging in the purchase and sale of securities for investment for its own account; (ii) FC Partners is to serve as the general partner of Fortuna Acquisition Partners; (iii) Fortuna Acquisition Corp. is to serve as the general partner of FC Partners. The business of (i) SS HedgeCap is that of a private investment partnership concentrating upon countercyclical and non-conventional investments; (ii) HedgeCap, Ltd. is the provision of countercyclical and non-conventional investments to offshore, CUSIP No. 501067102 SCHEDULE 13D Page 20 of 30 Pages --------- ---- ---- non-United States, entities and investors; (iii) SSIM is the provision of discretionary investment management services to institutional clients; (iv) SSCO, Inc. is to serve as the general partner of SSIM; and (v) Mark E. Strome is the provision of discretionary investment management services through SSIM. (d) None of the Reporting Persons has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) None of the Reporting Persons has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was 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)(i) Fortuna Investment Partners is a California limited partnership; (ii) Fortuna Capital Management is a California corporation; (iii) Ronald J. Vannuki is a United States citizen; (iv) Richard Fechtor is a United States citizen; (v) Fortuna Advisors is a California corporation; (vi) Karen B. Brenner is a United States citizen; (vii) CareVest is a Georgia limited liability company; (viii) Robert M. Thornton, Jr. is a United States citizen; (ix) Fortuna Acquisition Partners is a California limited partnership; (x) FC Partners is a California limited partnership; (xi) Fortuna Acquisition Corp. is a Delaware corporation; (xii) SS HedgeCap is a Delaware limited partnership; (xiii) HedgeCap Ltd. is a Caymen Islands Corporation; (xiv) SSIM is a Delaware limited partnership; (xv) SSCO is a Delaware corporation; and (xvi) Mark E. Strome is a United States citizen. Item 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATION The net investment cost (including commissions, if any) of the shares of Stock beneficially owned by Fortuna Investment Partners is $203,642. The source of funds for this consideration was working capital. The net investment cost (including commissions if any) of the shares of Stock beneficially owned by Richard Fechtor is $591,807. The source of funds for this consideration was personal funds. CUSIP No. 501067102 SCHEDULE 13D Page 21 of 30 Pages --------- ---- ---- The net investment cost (including commissions if any) of the shares of Stock beneficially owned by Fortuna Advisors is $368,380. The source of funds for this consideration was client's personal funds. The net investment cost (including commissions if any) of the shares of Stock beneficially owned by Karen B. Brenner is $17,192. The source of funds for this consideration was personal funds. The net investment cost (including commissions if any) of the shares of Stock beneficially owned by CareVest is $115,347.81. The source of funds for this consideration was working capital. The net investment cost (including commissions if any) of the shares of Stock beneficially owned by Robert M. Thornton, Jr. is $20,489.81. The source of funds for this consideration was personal funds. The net investment cost (including commissions if any) of the shares of Stock beneficially owned by Fortuna Acquisition Partners is $8,898,039.67. The source of funds for this consideration was working capital. The net investment cost (including commissions if any) of the shares of Stock beneficially owned by SS HedgeCap is $1,349,700. The source of funds for this consideration was working capital. The net investment cost (including commissions if any) of the shares of Stock beneficially owned by HedgeCap Ltd. is $449,900. The source of funds for this consideration was working capital. Item 4. PURPOSE OF THE TRANSACTION The purpose of the acquisition of the shares by the Reporting Persons is to participate in the active management of the Company and to gain representation on the Company's Board of Directors. Each Reporting Person may make further purchases of shares of Stock from time to time and may dispose of any or all of the shares of Stock held by it at any time. CUSIP No. 501067102 SCHEDULE 13D Page 22 of 30 Pages --------- ---- ---- Item 5. INTEREST IN SECURITIES OF THE ISSUER (a) As of the date hereof: (i) Fortuna Investment Partners beneficially owns 116,475 shares of Stock which includes 74,475 warrants to purchase shares of Stock. Fortuna Investment Partners is the beneficial owner of 2.2% of the Stock. (ii) Fortuna Capital Management, as general partner and discretionary investment adviser to Fortuna Investment Partners, beneficially owns 116,475 shares of Stock, which includes 74,475 warrants to purchase shares of Stock. Fortuna Capital Management is the beneficial owner of 2.2% of the Stock. (iii) Ronald J. Vannuki, as sole shareholder and president of Fortuna Capital Management, beneficially owns 116,475 shares of Stock, which includes 74,475 warrants to purchase shares of Stock. Mr. Vannuki is the beneficial owner of 2.2% of the Stock. (iv) Richard Fechtor beneficially owns 169,169 shares of Stock. Mr. Fechtor is the beneficial owner of 3.3% of the Stock. (v) Fortuna Advisors, as discretionary investment adviser to clients whose accounts hold the Stock, beneficially owns 106,280 shares of Stock, which includes 8,550 warrants to purchase shares of Stock. Fortuna Advisors is the beneficial owner of 2.1% of the Stock. (vi) Karen B. Brenner, as sole shareholder of Fortuna Advisors and as a direct owner of shares of Stock, beneficially owns 111,900 shares of Stock, which includes 8,550 warrants to purchase shares of Stock. Ms. Brenner is the beneficial owner of 2.2% of the Stock. (vii) CareVest beneficially owns 52,800 shares of Stock, which includes 23,000 warrants to purchase shares of Stock. CareVest is the beneficial owner of 1.0% of the Stock. (viii) Robert M. Thornton, Jr., as controlling member of CareVest and as a direct owner of shares of Stock, beneficially owns 57,800 shares of Stock, which includes 23,000 warrants to purchase shares of Stock. Mr. Thornton, Jr. is the beneficial owner of 1.1% of the Stock. CUSIP No. 501067102 SCHEDULE 13D Page 23 of 30 Pages --------- ---- ---- (ix) Fortuna Acquisition Partners beneficially owns 1,918,696 shares of Stock, which includes 293,589 shares beneficially owned by SS HedgeCap and 97,863 shares beneficially owned by HedgeCap Ltd. by virtue of a Proxy Agreement which establishes an irrevocable proxy in favor of Fortuna Acquisition Corp., subject to certain conditions. This beneficial ownership also includes 232,470 warrants to purchase Stock, and beneficial ownership of 48,189 warrants held by SS HedgeCap and 16,063 warrants held by HedgeCap Ltd. by virtue of the above-referenced Proxy Agreement. Fortuna Acquisition Partners is the beneficial owner of 35.2% of the Stock. (x) FC Partners, as general partner of Fortuna Acquisition Partners, beneficially owns 1,918,696 shares of Stock, which includes 296,722 warrants to purchase shares of Stock. FC Partners is the beneficial owner of 35.2% of the Stock. (xi) Fortuna Acquisition Corp., as general partner of FC Partners, beneficially owns 1,918,696 shares of Stock, which includes 296,722 warrants to purchase shares of Stock. Fortuna Acquisition Corp is the beneficial owner of 35.2% of the Stock. (xii) SS HedgeCap beneficially owns 293,589 shares of Stock, which includes 48,189 warrants to purchase shares of Stock. SS HedgeCap is the beneficial owner of 5.6% of the Stock. (xiii) HedgeCap Ltd. beneficially owns 97,863 shares of the Stock, which includes 16,063 warrants to purchase shares of the Stock. HedgeCap Ltd. is the beneficial owner of 1.9% of the Stock. (xiv) SSIM, (y) as discretionary investment adviser to and general partner of SS HedgeCap and (z) discretionary investment adviser to HedgeCap Ltd., beneficially owns 391,452 shares of Stock, which includes 64,252 warrants to purchase shares of Stock. SSIM is the beneficial owner of 7.5% of the Stock. (xv) SSCO, Inc., as general partner of SSIM, beneficially owns 391,452 shares of the Stock, which includes 64,252 warrants to purchase shares of Stock. SSCO, Inc. is the beneficial owner of 7.5% of the Stock. (xvi) Mark E. Strome, as a Settler and Trustee of The Strome Family Trust dated 12/9/93, which trust is the controlling shareholder of SSCO, Inc., beneficially owns 391,452 shares of the Stock, which includes 64,252 warrants to purchase shares of Stock. Mr. Strome is the beneficial owner of 7.5% of the Stock. CUSIP No. 501067102 SCHEDULE 13D Page 24 of 30 Pages --------- ---- ---- The Reporting Persons in the aggregate may be deemed to own an aggregate of 42.7% of the Stock. (b)
----------------------------------------------------- Power to Vote Power to Dispose -------------------------------------------------------------------------------------------------------------- No. of Shares Percentage Beneficially Owned of Class Sole Shared Sole Shared - -------------------------------------------------------------------------------------------------------------------------------- Fortuna Investment Partners 116,475 2.2% 0 116,475 0 116,475 - -------------------------------------------------------------------------------------------------------------------------------- Fortuna Capital Management 116,475 2.2% 0 116,475 0 116,475 - -------------------------------------------------------------------------------------------------------------------------------- Ronald J. Vannuki 116,475 2.2% 0 116,475 0 116,475 - -------------------------------------------------------------------------------------------------------------------------------- Richard Fechtor 169,169 3.3% 0 169,169 0 169,169 - -------------------------------------------------------------------------------------------------------------------------------- Fortuna Advisors 106,280 2.1% 0 0 0 106,280 - -------------------------------------------------------------------------------------------------------------------------------- Karen B. Brenner 111,900 2.2% 5,620 0 5,620 106,280 - -------------------------------------------------------------------------------------------------------------------------------- CareVest 52,800 1.0% 0 52,800 0 52,800 - -------------------------------------------------------------------------------------------------------------------------------- Robert M. Thornton, Jr. 57,800 1.1% 5,000 52,800 5,000 52,800 - -------------------------------------------------------------------------------------------------------------------------------- Fortuna Acquisition Partners 1,918,696 35.2% 0 1,918,696 0 1,527,244 - -------------------------------------------------------------------------------------------------------------------------------- FC Partners 1,918,696 35.2% 0 1,918,696 0 1,527,244 - -------------------------------------------------------------------------------------------------------------------------------- Fortuna Acquisition Corp. 1,918,696 35.2% 0 1,918,696 0 1,527,244 - -------------------------------------------------------------------------------------------------------------------------------- SS HedgeCap 293,589 5.6% 0 0 0 293,589 - -------------------------------------------------------------------------------------------------------------------------------- HedgeCap Ltd. 97,863 1.9% 0 0 0 97,863 - -------------------------------------------------------------------------------------------------------------------------------- SSIM 391,452 7.5% 0 0 0 391,452 - -------------------------------------------------------------------------------------------------------------------------------- SSCO, Inc. 391,452 7.5% 0 0 0 391,452 - -------------------------------------------------------------------------------------------------------------------------------- Mark E. Strome 391,452 7.5% 0 0 0 391,452 - --------------------------------------------------------------------------------------------------------------------------------
CUSIP No. 501067102 SCHEDULE 13D Page 25 of 30 Pages --------- ---- ---- (c) The trading dates, number of shares purchased or sold and price per share for all transactions by the Reporting Persons since May 20, 1996 are set forth on Schedule A hereto. All such transactions were open market transactions and were effected on the NASDAQ. No other transactions were effected by the Reporting Persons during such period. (d) No person other than each respective owner referred to herein of Stock is known to have the right to receive or the power to direct the receipt of dividends from or the proceeds of sale of such Stock. (e) Not applicable. Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER Fortuna Acquisition Partners, FC Partners, Fortuna Acquisition Corp., SS HedgeCap, HedgeCap Ltd., SSIM, SSCO, Inc., and Mark E. Strome have entered into a Proxy Agreement, essentially in the form of Exhibit 1 previously filed, which appointed Fortuna Acquisition Corp., the general partner of the general partner of Fortuna Acquisition Partners, as irrevocable Proxy for the shares of Stock owned by SS HedgeCap and HedgeCap Ltd., subject to certain conditions therein set forth. The agreement also provides for the payment to Fortuna Acquisition Corp. of a finder's fee equal to 10% of all gains, if any, realized by the other two parties that are attributable to the Stock and warrants. Item 7. MATTER TO BE FILED AS EXHIBITS No new exhibits. Exhibits previously filed by the Reporting Persons are incorporated herein by this reference. CUSIP No. 501067102 SCHEDULE 13D Page 26 of 30 Pages --------- ---- ---- SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: October 18, 1996 FORTUNA INVESTMENT PARTNERS, L.P. By: Fortuna Capital Management, Inc., its General Partner By: /s/ RONALD J. VANNUKI ------------------------------ Ronald J. Vannuki, President FORTUNA CAPITAL MANAGEMENT, INC. By: /s/ RONALD J. VANNUKI ------------------------------ Ronald J. Vannuki, President /s/ RONALD J. VANNUKI - ------------------------------ Ronald J. Vannuki Individual /s/ RICHARD FECHTOR - ------------------------------ Richard Fechtor Individual CUSIP No. 501067102 SCHEDULE 13D Page 27 of 30 Pages --------- ---- ---- FORTUNA ADVISORS, INC. By: /s/ KAREN B. BRENNER ------------------------------ Karen B. Brenner, President /s/ KAREN B. BRENNER - ------------------------------ Karen B. Brenner Individual CAREVEST CAPITAL, LLC. By: /s/ ROBERT M. THORNTON, JR. ----------------------------------- Robert M. Thornton, Jr., Manager /s/ ROBERT M. THORNTON, JR. - ------------------------------ Robert M. Thornton, Jr. Individual FORTUNA ACQUISITION PARTNERS, L.P. By: FC Partners, L.P., its General Partner By: Fortuna Acquisition Corp., its General Partner By: /s/ RONALD J. VANNUKI ------------------------------- Ronald J. Vannuki, Chairman and Chief Executive Officer CUSIP No. 501067102 SCHEDULE 13D Page 28 of 30 Pages --------- ---- ---- FC PARTNERS, L.P. By: Fortuna Acquisition Corp., its General Partner By: /s/ RONALD J. VANNUKI ------------------------------- Ronald J. Vannuki, Chairman and Chief Executive Officer FORTUNA ACQUISITION CORP. By: /s/ RONALD J. VANNUKI ------------------------------- Ronald J. Vannuki, Chairman and Chief Executive Officer CUSIP No. 501067102 SCHEDULE 13D Page 29 of 30 Pages --------- ---- ---- STROME-SUSSKIND HEDGECAP FUND, L.P. By: Strome Susskind Investment Management, L.P., its General Partner By: SSCO, Inc., its General Partner By: /s/ JEFFREY LAMBERT -------------------------------- Jeffrey Lambert, Chief Financial Officer STROME HEDGECAP, LTD. By: Strome Susskind Investment Management, L.P., its Investment Manager By: SSCO, Inc., its General Partner By: /s/ JEFFREY LAMBERT ------------------------------ Jeffrey Lambert, Chief Financial Officer STROME SUSSKIND INVESTMENT MANAGEMENT, L.P. By: SSCO, Inc., its General Partner By: /s/ JEFFREY LAMBERT -------------------------------- Jeffrey Lambert, Chief Financial Officer CUSIP No. 501067102 SCHEDULE 13D Page 30 of 30 Pages --------- ---- ---- SSCO, INC. By: /s/ JEFFREY LAMBERT -------------------------------- Jeffrey Lambert, Chief Financial Officer /s/ JEFFREY LAMBERT - ------------------------------ Mark E. Strome Individual SCHEDULE A Transactions Since May 20, 1996
- --------------------------------------------------------------------------------------------------------- Broker Effective Party Date Bought (Sold) Price Per Share Transaction - --------------------------------------------------------------------------------------------------------- Fortuna Investment Partners 06/26/96 5,000 $5.31 Bear Stearns - --------------------------------------------------------------------------------------------------------- Fortuna Investment Partners 07/19/96 (50,000) $4.76 Bear Stearns - --------------------------------------------------------------------------------------------------------- Fortuna Investment Partners 07/24/96 (11,999) $4.95 Bear Stearns - --------------------------------------------------------------------------------------------------------- Fortuna Advisors 07/26/96 17,000 $4.88 Bear Stearns - --------------------------------------------------------------------------------------------------------- Fortuna Investment Partners 07/26/96 (19,999) $4.83 Bear Stearns - --------------------------------------------------------------------------------------------------------- Fortuna Investment Partners 07/26/96 (173,548) $4.56 Bear Stearns - --------------------------------------------------------------------------------------------------------- Fortuna Investment Partners 07/26/96 (3,869) $4.82 Bear Stearns - ---------------------------------------------------------------------------------------------------------
EXHIBIT A JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(f)(1) This agreement is made pursuant to Rule 13d-1(f)(1) under the Securities Exchange Act of 1934 (the "Act") by and among the parties listed below, each referred to herein as a "Joint Filer" the Joint Filers agree that a statement of beneficial ownership as required by Section 13(d) of the Act and the Rules thereunder may be filed on each of their behalf on Schedule 13D or Schedule 13G, as appropriate, and that said joint filing may thereafter be amended by further joint filings. The Joint Filers state that they each satisfy the requirements for making a joint filing under Rule 13d-1. Dated October 18, 1996 FORTUNA INVESTMENT PARTNERS, L.P. By: Fortuna Capital Management, Inc., its General Partner By: /s/ RONALD J. VANNUKI ------------------------------ Ronald J. Vannuki, President FORTUNA CAPITAL MANAGEMENT, INC. By: /s/ RONALD J. VANNUKI ------------------------------ Ronald J. Vannuki, President /s/ RONALD J. VANNUKI - ------------------------------ Ronald J. Vannuki Individual /s/ RICHARD FECHTOR - ------------------------------ Richard Fechtor Individual FORTUNA ADVISORS, INC. By: /s/ KAREN B. BRENNER ------------------------------ Karen B. Brenner, President /s/ KAREN B. BRENNER - ------------------------------ Karen B. Brenner Individual CAREVEST CAPITAL, LLC. By: /s/ ROBERT M. THORNTON, JR. -------------------------------- Robert M. Thornton, Jr., Manager /s/ ROBERT M. THORNTON, JR. - ------------------------------ Robert M. Thornton, Jr. Individual FORTUNA ACQUISITION PARTNERS, L.P. By: FC Partners, L.P., its General Partner By: Fortuna Acquisition Corp., its General Partner By: /s/ RONALD J. VANNUKI ------------------------------- Ronald J. Vannuki, Chairman and Chief Executive Officer FC PARTNERS, L.P. By: Fortuna Acquisition Corp., its General Partner By: /s/ RONALD J. VANNUKI ------------------------------- Ronald J. Vannuki, Chairman and Chief Executive Officer FORTUNA ACQUISITION CORP. By: /s/ RONALD J. VANNUKI ------------------------------- Ronald J. Vannuki, Chairman and Chief Executive Officer STROME-SUSSKIND HEDGECAP FUND, L.P. By: Strome Susskind Investment Management, L.P., its General Partner By: SSCO, Inc., its General Partner By: /s/ JEFFREY LAMBERT -------------------------------- Jeffrey Lambert, Chief Financial Officer STROME HEDGECAP, LTD. By: Strome Susskind Investment Management, L.P., its Investment Manager By: SSCO, Inc., its General Partner By: /s/ JEFFREY LAMBERT ------------------------------ Jeffrey Lambert, Chief Financial Officer STROME SUSSKIND INVESTMENT MANAGEMENT, L.P. By: SSCO, Inc., its General Partner By: /s/ JEFFREY LAMBERT -------------------------------- Jeffrey Lambert, Chief Financial Officer SSCO, INC. By: /s/ JEFFREY LAMBERT -------------------------------- Jeffrey Lambert, Chief Financial Officer /s/ JEFFREY LAMBERT - ------------------------------ Mark E. Strome Individual -----END PRIVACY-ENHANCED MESSAGE-----