-----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, NaObPN6fMHBkqOjwBuLu6YXA4BcrRdhaC8ZdW9Pw/LXWNpxLcwJVAwRPAQ1NwHce hEfDImvkzxucxUk9IzLliA== 0000950144-99-003961.txt : 19990403 0000950144-99-003961.hdr.sgml : 19990403 ACCESSION NUMBER: 0000950144-99-003961 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990401 GROUP MEMBERS: BAILEYS FAMILY TRUST 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: RONALD J. VANNUKI GROUP MEMBERS: STEVEN BAILEYS 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: SEC FILE NUMBER: 005-03600 FILM NUMBER: 99586025 BUSINESS ADDRESS: STREET 1: 1290 HERCULES DR STREET 2: STE 120 CITY: HOUSTON STATE: TX ZIP: 77058 BUSINESS PHONE: 5132249066 MAIL ADDRESS: STREET 1: 1290 HERCULES DR STREET 2: STE 120 CITY: HOUSTON STATE: TX ZIP: 77058 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 KRUG INTERNATIONAL CORP/FORTUNA INVESTMENT PARTNER 1 SCHEDULE 13D - INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13D-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(A).* SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D/A UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 6)* 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) OCTOBER 22, 1998 - ------------------------------------------------------------------------------- (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 this 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 period. 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 and 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.) - ----------- *As amended by Releases No. 34-15457, dated January 4, 1979, effective February 14, 1979 (as corrected by Release No. 34-15457A, dated February 25, 1979) and No. 34-14384, dated November 29, 1979, effective January 5, 1980. - - Editor. 2 (Continued on following page(s)) CUSIP No. 501067102 SCHEDULE 13D PAGE 2 OF 15 PAGES - --------------------------------------------------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON FORTUNA INVESTMENT PARTNERS, 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 PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - --------------------------------------------------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - --------------------------------------------------------------------------------------------------------------------------- NUMBER 7. SOLE VOTING POWER OF SHARES 190,875 BENEFICIALLY --------------------------------------------------------------------------------------------------------- OWNED BY EACH 8. SHARED VOTING POWER REPORTING 0 PERSON --------------------------------------------------------------------------------------------------------- WITH 9. SOLE DISPOSITIVE POWER 190,875 --------------------------------------------------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 0 --------------------------------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 190,875 - --------------------------------------------------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - --------------------------------------------------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.72 % - --------------------------------------------------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* PN - ---------------------------------------------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT! 3 CUSIP No. 501067102 SCHEDULE 13D PAGE 3 OF 15 PAGES - --------------------------------------------------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON FORTUNA CAPITAL MANAGEMENT, INC. - --------------------------------------------------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - --------------------------------------------------------------------------------------------------------------------------- 3. SEC USE ONLY - --------------------------------------------------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* N/A - --------------------------------------------------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - --------------------------------------------------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - --------------------------------------------------------------------------------------------------------------------------- NUMBER 7. SOLE VOTING POWER OF SHARES 190,875 BENEFICIALLY --------------------------------------------------------------------------------------------------------- OWNED BY EACH 8. SHARED VOTING POWER REPORTING 0 PERSON --------------------------------------------------------------------------------------------------------- WITH 9. SOLE DISPOSITIVE POWER 190,875 --------------------------------------------------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 0 --------------------------------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 190,875 - --------------------------------------------------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - --------------------------------------------------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.72 % - --------------------------------------------------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* CO - ---------------------------------------------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT! 4 CUSIP No. 501067102 SCHEDULE 13D PAGE 4 OF 15 PAGES - --------------------------------------------------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON RONALD J. VANNUKI - --------------------------------------------------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - --------------------------------------------------------------------------------------------------------------------------- 3. SEC USE ONLY - --------------------------------------------------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* N/A - --------------------------------------------------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - --------------------------------------------------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA - --------------------------------------------------------------------------------------------------------------------------- NUMBER 7. SOLE VOTING POWER OF SHARES 190,875 BENEFICIALLY --------------------------------------------------------------------------------------------------------- OWNED BY EACH 8. SHARED VOTING POWER REPORTING 0 PERSON --------------------------------------------------------------------------------------------------------- WITH 9. SOLE DISPOSITIVE POWER 190,875 --------------------------------------------------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 0 --------------------------------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 190,875 - --------------------------------------------------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - --------------------------------------------------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.72 % - --------------------------------------------------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* IN - ---------------------------------------------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT! 5 CUSIP No. 501067102 SCHEDULE 13D PAGE 5 OF 15 PAGES - --------------------------------------------------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON FORTUNA ADVISORS, INC. - --------------------------------------------------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - --------------------------------------------------------------------------------------------------------------------------- 3. SEC USE ONLY - --------------------------------------------------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* N/A - --------------------------------------------------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - --------------------------------------------------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - --------------------------------------------------------------------------------------------------------------------------- NUMBER 7. SOLE VOTING POWER OF SHARES 0 BENEFICIALLY --------------------------------------------------------------------------------------------------------- OWNED BY EACH 8. SHARED VOTING POWER REPORTING 0 PERSON --------------------------------------------------------------------------------------------------------- WITH 9. SOLE DISPOSITIVE POWER 0 --------------------------------------------------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 815,228 --------------------------------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 815,228 - --------------------------------------------------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - --------------------------------------------------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 16.00 % - --------------------------------------------------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* CO - ---------------------------------------------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT! 6 CUSIP No. 501067102 SCHEDULE 13D PAGE 6 OF 15 PAGES - --------------------------------------------------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON KAREN B. BRENNER - --------------------------------------------------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (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 BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - --------------------------------------------------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA - --------------------------------------------------------------------------------------------------------------------------- NUMBER 7. SOLE VOTING POWER OF SHARES 12,120 BENEFICIALLY --------------------------------------------------------------------------------------------------------- OWNED BY EACH 8. SHARED VOTING POWER REPORTING 0 PERSON --------------------------------------------------------------------------------------------------------- WITH 9. SOLE DISPOSITIVE POWER 12,120 --------------------------------------------------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 815,228 --------------------------------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 827,348 - --------------------------------------------------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - --------------------------------------------------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 16.30 % - --------------------------------------------------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* IN - ---------------------------------------------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT! 7 CUSIP No. 501067102 SCHEDULE 13D PAGE 7 OF 15 PAGES - --------------------------------------------------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON BAILEYS FAMILY TRUST - --------------------------------------------------------------------------------------------------------------------------- 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 PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - --------------------------------------------------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - --------------------------------------------------------------------------------------------------------------------------- NUMBER 7. SOLE VOTING POWER OF SHARES 378,649 BENEFICIALLY --------------------------------------------------------------------------------------------------------- OWNED BY EACH 8. SHARED VOTING POWER REPORTING 0 PERSON --------------------------------------------------------------------------------------------------------- WITH 9. SOLE DISPOSITIVE POWER 0 --------------------------------------------------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 378,649 --------------------------------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 378,649 - --------------------------------------------------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - --------------------------------------------------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.53 % - --------------------------------------------------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* [TR] - ---------------------------------------------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT! 8 CUSIP No. 501067102 SCHEDULE 13D PAGE 8 OF 15 PAGES - --------------------------------------------------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON STEVEN BAILEYS - --------------------------------------------------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - --------------------------------------------------------------------------------------------------------------------------- 3. SEC USE ONLY - --------------------------------------------------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* PF (with respect to shares over which Mr. Baileys has sole dispositive power); N/A (with respect to all other shares in which Mr. Baileys has a beneficial interest.) - --------------------------------------------------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - --------------------------------------------------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA - --------------------------------------------------------------------------------------------------------------------------- NUMBER 7. SOLE VOTING POWER OF SHARES 715,198 BENEFICIALLY --------------------------------------------------------------------------------------------------------- OWNED BY EACH 8. SHARED VOTING POWER REPORTING 0 PERSON --------------------------------------------------------------------------------------------------------- WITH 9. SOLE DISPOSITIVE POWER 0 --------------------------------------------------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 715,198 --------------------------------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 715,198 - --------------------------------------------------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - --------------------------------------------------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.10 % - --------------------------------------------------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* IN - ---------------------------------------------------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT! 9 SCHEDULE 13D CUSIP NO. 501067102 PAGE 9 OF 15 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 American Stock Exchange. The Company's principal executive offices are located at 900 Circle 75 Parkway, Suite 1300, Atlanta, Georgia 30339; the Company's telephone number at that location is (770) 933-7000. The number of issued and outstanding shares of Stock as of February 3, 1999, as set forth in the Company's Quarterly Report on Form 1O-Q for the period ended December 31, 1998, is 4,977,530. 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) Fortuna Advisors, Inc. ("Fortuna Advisors") as discretionary investment adviser with respect to shares of Stock held or beneficially owned by its advisory clients; (v) Karen B. Brenner with respect to shares of Stock held or beneficially owned by her and as sole shareholder and president of Fortuna Advisors; (vi) The Baileys Family Trust with respect to shares of Stock held by the Baileys Family Trust, and (vii) Steven Baileys as Trustee of The Baileys Family Trust, to amend the holdings previously reported by such persons, and to delete certain persons due to recent transactions. The foregoing persons hereinafter sometimes are referred to collectively as the "Reporting Persons" or the "Group". CareVest Capital, LLC and Robert M. Thornton, Jr. are no longer members of the Group by virtue of the distribution of shares by the Fortuna Acquisition Estates as of September 20, 1998 to their partners and stockholders. (b) The principal business address of (i) Fortuna Investment Partners; (ii) Fortuna Capital Management; and (iii) Ronald J. Vannuki is 100 Wilshire Boulevard, Fifteenth Floor, Santa Monica, California 90401. The principal business address of (i) Fortuna Advisors and (ii) Karen B. Brenner is 1300 Bristol Street North, Suite 100, Newport Beach, California 92660. The principal address of The Baileys Family Trust and Steven Baileys is c/o Karen B. Brenner, P.O. Box 9109, Newport Beach, California 92658-9109. (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 the general partner of Fortuna Investment Partners; and (iii) Ronald J. Vannuki is the president of Fortuna Capital Management and a registered representative with Strome Susskind Securities, L.P., a securities brokerage firm. Mr. Vannuki also serves as a consultant to and a director of KRUG. 10 SCHEDULE 13D CUSIP NO. 501067102 PAGE 10 OF 15 PAGES The business of (i) Fortuna Advisors is the provision of discretionary investment management services to clients and (ii) Karen B. Brenner is president of Fortuna Advisors. Ms. Brenner also serves as a consultant to and a director of KRUG. The business of (i) The Baileys Family Trust is an investor, and (ii) Steven Baileys is as a private investor and to serve as the Trustee of The Baileys Family Trust. (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) Fortuna Advisors is a California corporation; (v) Karen B. Brenner is a United States citizen; (vi) The Baileys Family Trust is a California Trust dated 9/4/96, and (vii) Steven Baileys 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 $228,044. 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 Fortuna Advisors is $505,908 (exclusive of the shares owned by The Baileys Family Trust and Steven Baileys). 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 $27,163 (exclusive of the shares she beneficially owns through Fortuna Advisors). 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 The Baileys Family Trust is $1,839,916. The source of funds for this consideration was working capital. 11 SCHEDULE 13D CUSIP NO. 501067102 PAGE 11 OF 15 PAGES The net investment cost (including commissions if any) of the shares of Stock beneficially owned by Steven Baileys is $1,673,883 (exclusive of shares beneficially owned through The Baileys Family Trust). Item 4. Purpose of the Transaction The purpose of the acquisition of the shares by the Group is to participate in the active management of the Company and to gain representation on the Company's Board of Directors. Each member of the Group 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. Item 5. Interest in Securities of the Issuer (a) As of the date hereof, each member of the Group has the following interest in the securities of the Issuer: (i) Fortuna Investment Partners beneficially owns 190,875 shares of Stock, which includes 151,557 warrants to purchase shares of Stock. Fortuna Investment Partners is the beneficial owner of 3.7% of the Stock. (ii) Fortuna Capital Management, as general partner and discretionary investment adviser to Fortuna Investment Partners, beneficially owns 190,875 shares of Stock, which includes 151,557 warrants to purchase shares of Stock. Fortuna Capital Management is the beneficial owner of 3.7% of the Stock. (iii) Ronald J. Vannuki, as sole shareholder and president of Fortuna Capital Management, beneficially owns 190,875 shares of Stock, which includes 151,557 warrants to purchase shares of Stock. Mr. Vannuki is the beneficial owner of 3.7% of the Stock. (iv) Fortuna Advisors, as discretionary investment adviser to clients whose accounts hold the Stock, beneficially owns 815,228 shares of Stock, which includes 110,662 warrants to purchase shares of Stock. Fortuna Advisors is the beneficial owner of 16.0% of the Stock. (v) Karen B. Brenner, as sole shareholder of Fortuna Advisors and as a direct owner of shares of Stock, beneficially owns 827,348 shares of Stock, which includes 110,882 warrants to purchase shares of Stock. Ms. Brenner is the beneficial owner of 16.3% of the Stock. (vi) The Baileys Family Trust beneficially owns 378,649 shares which includes 52,041 warrants. The Baileys Family Trust is the beneficial owner of 7.5 of the Stock. (vii) Steven Baileys, as individual and as Trustee of The Baileys Family Trust, beneficially owns 715,198 shares including 102,982 warrants. Steven Baileys is the beneficial owner of 14.1% of the Stock. 12 SCHEDULE 13D CUSIP NO. 501067102 PAGE 12 OF 15 PAGES The Group in the aggregate may be deemed to own an aggregate of 19.43% of the Stock. (b)
========================================================= Power to Vote Power to Dispose ================================================================================================= No. of Shares Beneficially Percentage Owned (# 11) of Class (# 13) Sole (# 7) Shared (# 8) Sole (# 9) Shared(# 10) ========================------------------------------------------------------------------------------------------------- Fortuna Investment 190,875 3.7% 190,875 0 190,875 0 Partners - ------------------------------------------------------------------------------------------------------------------------- Fortuna Capital Management 190,875 3.7% 190,875 0 190,875 0 - ------------------------------------------------------------------------------------------------------------------------- Ronald J. Vannuki 190,875 3.7% 190,875 0 190,875 0 - ------------------------------------------------------------------------------------------------------------------------- Fortuna Advisors 815,228 16.0% 0 0 0 815,228 - ------------------------------------------------------------------------------------------------------------------------- Karen B. Brenner 827,348 16.3% 12,120 0 12,120 815,228 - ------------------------------------------------------------------------------------------------------------------------- Baileys Family Trust 378,649 7.5% 378,649 0 0 378,649 - ------------------------------------------------------------------------------------------------------------------------- Steven Baileys 715,198 14.1% 715,198 0 0 715,198 =========================================================================================================================
13 SCHEDULE 13D CUSIP NO. 501067102 PAGE 13 OF 15 PAGES (c) The trading dates, number of shares purchased or sold and price per share for all transactions by the Reporting Persons since October 7, 1998 are set forth on Schedule A hereto. All such transactions were open market transactions and were effected on the American Stock Exchange. 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 None Item 7 Matter to be Filed as Exhibits No new exhibits. Exhibits previously filed by the Reporting Persons are incorporated herein by this reference. 14 SCHEDULE 13D CUSIP NO. 501067102 PAGE 14 OF 15 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: March 30, 1999 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 FORTUNA ADVISORS, INC. By: /s/ Karen B. Brenner --------------------------- Karen B. Brenner, President /s/ Karen B. Brenner - ------------------------------- Karen B. Brenner Individual 15 SCHEDULE 13D CUSIP NO. 501067102 PAGE 15 OF 15 PAGES THE BAILEYS FAMILY TRUST By: /s/ Steven Baileys ----------------------- Steven Baileys, Trustee Officer /s/ Steven Baileys - ------------------------------- Steven Baileys Individual 16 Schedule A Transactions Since October 7, 1998 1 of 2
============================================================================================================================== Broker Effecting - ------------------------------------------------------------------------------------------------------------------------------ Party Trade Date Bought (Sold) Net Amount Per Share Transaction ============================================================================================================================== Fortuna Investment Partners, LP 10/08/98 (50,000) Shares $124,993.33 $2.50 Bear Stearns - ------------------------------------------------------------------------------------------------------------------------------ Fortuna Investment Partners, LP 10/16/98 (200) Shares $ 497.48 $2.49 Bear Stearns - ------------------------------------------------------------------------------------------------------------------------------ Fortuna Investment Partners, LP 10/20/98 (100) Shares $ 643.49 $6.43 Bear Stearns - ------------------------------------------------------------------------------------------------------------------------------ Fortuna Investment Partners, LP 10/22/98 (10,000) Shares $ 23,746.70 $2.37 Bear Stearns - ------------------------------------------------------------------------------------------------------------------------------ Fortuna Investment Partners, LP 10/23/98 (300) Shares $ 709.97 $2.37 Bear Stearns - ------------------------------------------------------------------------------------------------------------------------------ Fortuna Investment Partners, LP 10/27/98 (25,000) Shares $ 62,495.41 $2.50 Bear Stearns - ------------------------------------------------------------------------------------------------------------------------------ Fortuna Investment Partners, LP 10/28/98 (50,000) Shares $124,993.33 $2.50 Bear Stearns - ------------------------------------------------------------------------------------------------------------------------------ Fortuna Investment Partners, LP 10/28/98 (75,000) Shares $187,491.25 $2.50 Bear Stearns - ------------------------------------------------------------------------------------------------------------------------------ Fortuna Investment Partners, LP 10/29/98 (35,000) Shares $ 86,493.61 $2.47 Bear Stearns - ------------------------------------------------------------------------------------------------------------------------------ Fortuna Investment Partners, LP 11/02/98 (500) Shares $ 1,372.45 $2.74 Bear Stearns - ------------------------------------------------------------------------------------------------------------------------------ Fortuna Investment Partners, LP 11/04/98 (1,000) Shares $ 2,747.40 $2.75 Bear Stearns - ------------------------------------------------------------------------------------------------------------------------------ Fortuna Investment Partners, LP 11/09/98 (10,000) Shares $ 25,846.63 $2.58 Bear Stearns - ------------------------------------------------------------------------------------------------------------------------------ Fortuna Investment Partners, LP 12/02/98 (4,000) Shares $ 7,497.25 $1.87 Bear Stearns - ------------------------------------------------------------------------------------------------------------------------------ Fortuna Investment Partners, LP 12/03/98 (8,200) Shares $ 14,146.94 $1.73 Bear Stearns - ------------------------------------------------------------------------------------------------------------------------------ Fortuna Investment Partners, LP 12/08/98 (4,500) Shares $ 7,872.23 $1.75 Bear Stearns - ------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------
17 Schedule A Transactions Since October 7, 1998 2 of 2
=============================================================================================================================== Broker Effecting - ------------------------------------------------------------------------------------------------------------------------------- Party Trade Date Bought (Sold) Net Amount Per Share Transaction =============================================================================================================================== Fortuna Investment Partners, LP 12/09/98 (1,100) Shares $ 1,922.43 $1.75 Bear Stearns - ------------------------------------------------------------------------------------------------------------------------------- Fortuna Investment Partners, LP 12/11/98 (400) Shares $ 697.47 $1.74 Bear Stearns - ------------------------------------------------------------------------------------------------------------------------------- Fortuna Investment Partners, LP 12/14/98 (2,000) Shares $ 3,497.38 $1.75 Bear Stearns - ------------------------------------------------------------------------------------------------------------------------------- Fortuna Investment Partners, LP 12/17/98 (2,600) Shares $ 4,547.34 $1.75 Bear Stearns - ------------------------------------------------------------------------------------------------------------------------------- Fortuna Investment Partners, LP 12/28/98 (200) Shares $ 347.48 $1.74 Bear Stearns - ------------------------------------------------------------------------------------------------------------------------------- Fortuna Investment Partners, LP 12/29/98 (500) Shares $ 872.47 $1.74 Bear Stearns - ------------------------------------------------------------------------------------------------------------------------------- Fortuna Investment Partners, LP 01/06/99 (10,000) Shares $ 15,046.99 $1.50 Bear Stearns - ------------------------------------------------------------------------------------------------------------------------------- Fortuna Investment Partners, LP 01/18/99 (500) Shares $ 747.47 $1.49 Bear Stearns - ------------------------------------------------------------------------------------------------------------------------------- Fortuna Investment Partners, LP 01/12/99 (20,000) Shares $ 29,996.50 $1.50 Bear Stearns - ------------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------------------------- Total: (311,100) Shares $729,223.00 - ----------------------------------===========================================================----------------------------------
18 Schedule A Transactions Since October 7, 1998
================================================================================================================================ Broker Effecting - -------------------------------------------------------------------------------------------------------------------------------- Party Trade Date Bought (Sold) Net Amount Per Share Transaction ================================================================================================================================ - -------------------------------------------------------------------------------------------------------------------------------- Fortuna Advisors 12/07/98 (3,500) Shares $ 5,853.55 $ 1.67 Bear Stearns - -------------------------------------------------------------------------------------------------------------------------------- Fortuna Advisors 01/08/99 10,000 Shares $12,702.50 $(1.27) Bear Stearns - --------------------------------------------------------------------------------------------------------------------------------- Fortuna Advisors 01/13/99 700 Shares $ 1,102.50 $(1.58) Bear Stearns Bought 10,700 Shares $13,805.00 ------------------------------------------------------- Sold (3,500) Shares $ 5,853.55 -------------------------------------------------------
19 Schedule A Transactions Since October 7, 1998
================================================================================================================================ Broker Effecting - -------------------------------------------------------------------------------------------------------------------------------- Party Trade Date Bought (Sold) Net Amount Per Share Transaction ================================================================================================================================ - -------------------------------------------------------------------------------------------------------------------------------- Karen Brenner 12/07/98 3,500 Shares $5,956.25 $1.70 Bear Stearns - --------------------------------------------------------------------------------------------------------------------------------
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