Schedule 13D
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Name of Issuer)
Common Stock, $0.00004 par value per share
(Title of Class of Securities)
(CUSIP Number)
Mark A. Stegemoeller
Latham & Watkins LLP
633 West Fifth St., Suite 4000
Los Angeles, CA 90071-2007
(213) 485-1234
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting persons 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).
SCHEDULE 13D
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CUSIP No. |
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398502104 |
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Page |
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2 |
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of |
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16 |
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1 |
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NAMES OF REPORTING PERSONS:
Eaturna LLC |
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
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(a) o |
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(b) þ |
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3 |
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SEC USE ONLY: |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS): |
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OO |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION: |
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Delaware
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7 |
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SOLE VOTING POWER: |
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NUMBER OF |
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0 shares |
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SHARES |
8 |
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SHARED VOTING POWER: |
BENEFICIALLY |
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OWNED BY |
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923,873 shares |
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EACH |
9 |
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SOLE DISPOSITIVE POWER: |
REPORTING |
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PERSON |
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0 shares |
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WITH |
10 |
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SHARED DISPOSITIVE POWER: |
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923,873 shares |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: |
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923,873 shares |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): |
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o
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): |
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14.4%(1) |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): |
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OO |
(1) Based on 6,393,716 shares outstanding as of October 30, 2006, as reported in the Company's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the Commission) on November 7, 2006 (the Outstanding Shares).
SCHEDULE 13D
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CUSIP No. |
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398502104 |
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Page |
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3 |
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of |
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16 |
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1 |
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NAMES OF REPORTING PERSONS:
Eaturna Holdings LLC |
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
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(a) o |
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(b) þ |
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3 |
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SEC USE ONLY: |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS): |
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OO |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION: |
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California
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7 |
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SOLE VOTING POWER: |
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NUMBER OF |
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0 shares |
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SHARES |
8 |
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SHARED VOTING POWER: |
BENEFICIALLY |
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OWNED BY |
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923,873 shares |
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EACH |
9 |
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SOLE DISPOSITIVE POWER: |
REPORTING |
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PERSON |
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0 shares |
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WITH |
10 |
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SHARED DISPOSITIVE POWER: |
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923,873 shares |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: |
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923,873 shares |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): |
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o
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): |
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14.4% (1) |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): |
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OO |
(1) Based on 6,393,716 Outstanding Shares.
SCHEDULE 13D
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CUSIP No. |
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398502104 |
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Page |
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4 |
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of |
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16 |
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1 |
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NAMES OF REPORTING PERSONS:
Good Tasting LLC |
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
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(a) o |
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(b) þ |
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3 |
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SEC USE ONLY: |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS): |
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OO |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION: |
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Delaware
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7 |
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SOLE VOTING POWER: |
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NUMBER OF |
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0 shares |
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SHARES |
8 |
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SHARED VOTING POWER: |
BENEFICIALLY |
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OWNED BY |
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923,873 shares |
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EACH |
9 |
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SOLE DISPOSITIVE POWER: |
REPORTING |
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PERSON |
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0 shares |
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WITH |
10 |
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SHARED DISPOSITIVE POWER: |
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923,873 shares |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: |
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923,873 shares |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): |
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o
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): |
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14.4% (1) |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): |
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OO |
(1) Based on 6,393,716 Outstanding Shares.
SCHEDULE 13D
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CUSIP No. |
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398502104 |
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Page |
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5 |
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of |
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16 |
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1 |
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NAMES OF REPORTING PERSONS:
Lori A. Milken |
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
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(a) o |
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(b) þ |
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3 |
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SEC USE ONLY: |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS): |
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OO |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION: |
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U.S.
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7 |
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SOLE VOTING POWER: |
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NUMBER OF |
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0 shares |
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SHARES |
8 |
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SHARED VOTING POWER: |
BENEFICIALLY |
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OWNED BY |
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923,873 shares |
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EACH |
9 |
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SOLE DISPOSITIVE POWER: |
REPORTING |
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PERSON |
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0 shares |
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WITH |
10 |
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SHARED DISPOSITIVE POWER: |
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923,873 shares |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: |
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923,873 shares |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): |
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o
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): |
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14.4%(1) |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): |
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IN |
(1) Based on 6,393,716 Outstanding Shares
SCHEDULE 13D
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CUSIP No. |
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. 398502104 |
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Page |
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6 |
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of |
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16 |
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1 |
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NAMES OF REPORTING PERSONS:
Michael R. Milken (1) |
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
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(a) o |
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(b) þ |
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3 |
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SEC USE ONLY: |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS): |
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OO |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION: |
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U.S.
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7 |
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SOLE VOTING POWER: |
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NUMBER OF |
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0 shares |
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SHARES |
8 |
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SHARED VOTING POWER: |
BENEFICIALLY |
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OWNED BY |
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923,873 shares |
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EACH |
9 |
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SOLE DISPOSITIVE POWER: |
REPORTING |
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PERSON |
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0 shares |
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WITH |
10 |
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SHARED DISPOSITIVE POWER: |
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923,873 shares |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: |
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923,873 shares |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): |
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o
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): |
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14.4% (2) |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): |
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IN |
(1) See Item 5 below
(2) Based on 6,393,716
Outstanding Shares.
Page 7 of 16
TABLE OF CONTENTS
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Item 1. |
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Security and Issuer. |
This Schedule 13D relates to the common stock, par value $.00004 per share (the Common
Stock), of Grill Concepts, Inc., a Delaware corporation (the Company). The Schedule 13D is
filed with respect to the shares of Common Stock of the Company (the Shares). The address of the
principal executive office of the Company is 11661 San Vincente Blvd., Suite 404, Los Angeles,
California 90049.
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Item 2. |
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Identity and Background. |
This Schedule 13D is being filed jointly by: (1) Eaturna LLC, a Delaware limited liability
company (Eaturna); (2) Eaturna Holdings LLC, a California limited liability company (Eaturna
Holdings); (3) Good Tasting LLC, a Delaware limited liability company (Good Tasting); (4) Lori
A. Milken, an individual and a citizen of the United States (Ms. Milken); and (5) Michael R.
Milken, an individual and a citizen of the United States (Mr. Milken) (collectively, the
Reporting Persons).
The principal business of Eaturna is to produce and distribute healthy, all-natural prepared
food products. Eaturna is managed by a Board of Directors. The Board of Directors of Eaturna (the
Board) consists of 8 directors (each a Director and collectively, the Directors). The
address of the principal office of Eaturna is 8635 Kittyhawk Avenue, Los Angeles, California 90045.
The principal business of Eaturna Holdings is to hold the Common Units of Eaturna. Eaturna
Holdings is managed by a manager, Ralph Finerman (Mr. Finerman), who serves at the discretion of
Ms. Milken who is the controlling member of Eaturna Holdings. The address of the principal office
of Eaturna Holdings is 1250 4th Street, 5th Floor, Santa Monica, CA 90401.
The principal business of Good Tasting is to hold the Preferred B Units of Eaturna. Good
Tasting is managed by a manager, Mr. Finerman, who serves at the discretion of Ms. Milken who is
the sole member of Good Tasting. The address of the principal office of Good Tasting is 1250
4th Street, 5th Floor, Santa Monica, CA 90401.
The principal occupation of Ms. Milken is philanthropy. Ms. Milkens principal business
address is c/o RFG Financial Group Inc., 1250 4th Street, Suite 580, Santa Monica, CA
90401.
The
principal occupation of Mr. Milken is philanthropy and to act as a director and officer of
KUE Management Inc., the general partner of Knowledge Universe Education L.P. (KUE). Mr.
Milkens and KUEs address is 1250 4th Street, Santa Monica, CA 90401. The principal
activity of KUE is to engage in for-profit activities involving the education field. As described
in Item 5 below, Mr. Milken disclaims beneficial ownership of the Shares owned by Eaturna.
The name, citizenship, business address, present principal occupation or employment
and, if applicable, the name, principal business and address of any corporation or other
organization in which such employment is conducted, of the executive officers, if any, and
Page 8 of 16
directors, if any, of the Reporting Persons are set forth in Appendix I hereto, which is
incorporated herein by reference.
During
the last five years none of the Reporting Persons nor to the best of
the knowledge of the Reporting Persons any of the
individuals named in Appendix I nor AAR, as defined below, has been convicted in any
criminal proceeding (excluding traffic violations or similar misdemeanors), or has been a party to
a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result
of such proceeding is or was 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 violations with respect to such laws.
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Item 3. |
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Source and Amount of Funds or Other Consideration. |
The Shares were acquired through a privately negotiated transaction. On March 6, 2007,
Eaturna and Starwood Hotels & Resorts Worldwide, Inc. (Starwood) entered into that certain
Subscription Agreement, dated March 6, 2007 (the Subscription Agreement) pursuant to which
Starwood contributed to Eaturna 923,873 Shares, its right under the Development Agreement, as
defined below, to receive Share purchase warrants that may be issued in the future upon
satisfaction of certain conditions (together with the Shares, the Securities), certain other
rights associated with the Securities under certain agreements described in Item 6 below and a cash
amount in exchange for 6,085 Preferred B Units of Eaturna.
The information set forth in Item 6 below is incorporated herein by reference.
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Item 4. |
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Purpose of the Transaction. |
The Reporting Persons acquired the Shares pursuant to the Subscription Agreement, a copy of
which is attached hereto as Exhibit 2 and is incorporated herein by reference, in order to obtain
an equity position in the Company. The Reporting Persons intend to review on a continuing basis
their investment in the Shares in light of the factors discussed herein.
The Reporting Persons, acting together or separately, may from time to time, subject to the
continuing evaluation of the factors discussed herein, acquire additional Shares in the open market
or in privately negotiated transactions, or by tender offer, exchange offer or otherwise. The
Reporting Persons may also explore one or more transactions involving the possible acquisition of
additional securities, including one or more transactions with the Company, open market purchases
or privately negotiated transactions, which could result in the Reporting Persons beneficially
owning a significantly larger portion of the equity in the Company, including possibly a majority
of the ownership of the Company. The Reporting Persons may request representation on the Board of
Directors of the Company. The Reporting Persons may engage in conversations with other
stockholders and/or the Company concerning such opportunities. The foregoing actions could result
in the Reporting Persons participating in the management of, and the formulation, determination and
direction of basic business decisions and policies of, the Company. Any such actions the Reporting
Persons might undertake will be dependent upon the Reporting Persons review of numerous factors,
including, among other things, applicable legal requirements and restrictions, the availability of
Shares for purchase and the price levels of such Shares, general market and economic conditions;
on-going evaluation of the Companys business, financial condition, operations and prospects; the
relative attractiveness of alternative business and investment opportunities; the actions of the
management and the
Page 9 of 16
Board of Directors of the Company; and other future developments. Depending on
the factors discussed herein, the Reporting Persons may, from time to time, retain or sell all or a
portion of the Shares in the open market or in privately negotiated transactions.
The information set forth in Item 6 below is incorporated herein by reference.
Although the foregoing reflects activities presently contemplated by the Reporting Persons
with respect to the Company, the foregoing is subject to change at any time. Except as set forth
above, the Reporting Persons have no present plans or intentions which would result in or relate to
any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.
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Item 5. |
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Interest in Securities of the Issuer. |
The Reporting Persons beneficially own an aggregate of 923,873 shares of Common Stock.
Eaturna is the record owner of all of such Shares and has the power to vote and dispose of all such
Shares. The Reporting Persons Shares represent approximately 14.4% of the Outstanding Shares.
Together, Eaturna Holdings and Good Tasting have the power to elect a majority of the members
of the Board of Eaturna (five of the eight Directors), and in such capacity may be deemed to have
the power to direct the voting and disposition of, and to share beneficial ownership of, the Shares
owned of record by Eaturna. Ms. Milken may be deemed to be a controlling person of Eaturna
Holdings and Good Tasting and, in such capacity, may be deemed to have the power to direct the
voting and disposition of, and to share beneficial ownership of, any Shares beneficially owned by
or deemed to be beneficially owned by those entities.
Mr. Milken is the spouse of Ms. Milken. Mr. Milken may be deemed to share the power to vote
and dispose of the Shares which may be deemed to be beneficially owned by Ms. Milken, but disclaims
beneficial ownership of such Shares. Eaturna, Eaturna Holdings, Good Tasting, Ms. Milken and Mr.
Milken may be deemed to be a group with respect to the Shares currently owned of record by Eaturna.
Mr. Milken disclaims that he shares the power to vote or dispose of such Shares, and disclaims
that he is a member of a group with the other Reporting Persons with respect to such Shares.
With the exception of Mr. Finerman, none of the individuals named on Appendix I beneficially
owns any Shares. Mr. Finerman, in his capacity as Manager of Eaturna Holdings and Good Tasting,
may be deemed to beneficially own Shares owned by Eaturna, but disclaims beneficial ownership of
such Shares. Mr. Finerman has the sole power to vote, direct the vote of, dispose of and direct
the disposition of 9,250 Shares which he holds in his name. Mr. Finerman is the general partner of
AAR Associates LP, a California limited partnership (AAR). Mr. Finerman shares the power to
vote, direct the vote of, dispose of and direct the disposition of
500 Shares held by AAR. Cynthia
Finerman (Ms. Finerman), the wife of Mr. Finerman, has the sole power to vote, direct the vote
of, dispose of and direct the disposition of 250 Shares which she holds in her name. Mr. Finerman
disclaims beneficial ownership of such Shares held by Ms. Finerman.
The principal business of AAR is to make investments. The business address and address of the
principal office of AAR is AAR Associates LP, 1250 4th Street, Suite 580, Santa Monica,
CA 90401, Attention: Ralph Finerman.
Page 10 of 16
Except as set forth herein, neither the Reporting Persons nor to the best knowledge of the
Reporting Persons none of the individuals listed on Appendix I have effected any transactions in
the Common Stock during the past 60 days. No person other than the
Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or
the proceeds from the sale of, the shares of the Common Stock covered by this Schedule 13D.
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Item 6. |
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Contracts, Arrangements, Understandings or Relationships With Respect to Securities of
the Issuer. |
On March 6, 2007, Eaturna entered into the Subscription Agreement, a copy of which is attached
hereto as Exhibit 2 and is incorporated herein by reference. The Subscription Agreement provides
that in the event Eaturna is deemed to have become the owner of 15% or more of the Companys
outstanding voting stock without having first obtained the approval of the Companys Board of
Directors, Starwood will, upon the request of Eaturna, immediately purchase such number of the
Securities, or accept a reassignment of some or all of the Ancillary Rights as is necessary to
cause Eaturna to own less than 15% of the Companys outstanding voting stock. The Subscription
Agreement further provides that if Eaturna proposes to sell all or substantially all of its assets,
which includes the Shares covered by this Schedule 13D, to certain designated parties, Starwood has
the first right to purchase the offered assets upon the terms of the sale proposed by Eaturna. The
Subscription Agreement further provides that if, within a year of the execution of the Subscription
Agreement, one of the Companys liquidity events, as designated therein, occurs or is announced,
Eaturna will issue additional Preferred B Units to Starwood if other specified conditions are met.
Pursuant to the Subscription Agreement, Starwood assigned to Eaturna, rights under (i) the
Subscription Agreement, dated as of May 16, 2001, between Starwood and the Company (the Grill
Subscription Agreement), (ii) the Development Agreement, dated as of July 27, 2001, between
Starwood and the Company (the Development Agreement), as amended by the First Amendment to
Development Agreement, dated as of June 20, 2006 (the Development Agreement Amendment), (iii) the
Investor Rights Agreement, dated as of July 27, 2001, between Starwood and the Company (the
Investor Rights Agreement), and (iv) the Stockholders Agreement, dated as of July 27, 2001,
between Starwood, the Company and certain stockholders of the Company (the Stockholders
Agreement), as amended by the First Amendment to Stockholders Agreement, dated as of June 20,
2006, between Starwood, the Company and certain stockholders of the Company (the Stockholders
Agreement Amendment). Copies of the Grill Subscription Agreement, Development Agreement,
Development Agreement Amendment, Investor Rights Agreement, Stockholders Agreement and
Stockholders Agreement Amendment are attached hereto (or
incorporated by reference) as Exhibits 3, 4, 5, 6, 7 and 8
respectively and are incorporated by reference herein.
Other than the agreements described in this Item 6 and the relationships described in Item 5
hereof, none of the Reporting Persons nor to the best knowledge of
the Reporting Persons any of the individuals named in Appendix I, have any
contracts, arrangements, understandings or relationships with respect to securities of the Company.
Page 11 of 16
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Item 7. |
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Material Exhibits to be Filed. |
Exhibit 1 Joint Filing Agreement dated as of March 14, 2007.
Exhibit 2
Subscription Agreement, dated as of March 6, 2007, between
Eaturna and Starwood (incorporated by reference to Exhibit 1 to
Amendment 2 to Schedule 13D filed by Starwood with the
Commission on March 7, 2007).
Exhibit 3 Subscription Agreement, dated as of May 16, 2001, between Starwood and the Company.
Exhibit 4 Development Agreement, dated as of July 27, 2001, between Starwood and the Company.
Exhibit 5
First Amendment to Development Agreement, dated as of June 20, 2006 (incorporated by reference to Exhibit 1 to
Amendment 1 to Schedule 13D filed by Starwood with the
Commission on June 20, 2006).
Exhibit 6 Investor Rights Agreement, dated as of July 27, 2001, between Starwood and the Company.
Exhibit 7 Stockholders Agreement, dated as of July 27, 2001, between Starwood, the Company and
certain stockholders of the Company.
Exhibit 8 First Amendment to Stockholders Agreement, dated as of June 20, 2006, between Starwood,
the Company and certain stockholders of the Company (incorporated by
reference to Exhibit 2 to
Amendment 1 to Schedule 13D filed by Starwood with the
Commission on June 20, 2006).
[Signature Pages Follow]
Page 12 of 16
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.
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Dated: March 14, 2007 |
EATURNA LLC,
a Delaware limited liability company
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/s/ Stanley E.Maron
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By: Stanley E. Maron |
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Its: Secretary |
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Dated: March 14, 2007 |
EATURNA HOLDINGS LLC,
a California limited liability company
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/s/ Ralph Finerman
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By: Ralph Finerman |
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Its: Manager |
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Dated: March 14, 2007 |
GOOD TASTING LLC,
A Delaware limited liability company
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/s/ Ralph Finerman
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By: Ralph Finerman |
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Its: Manager |
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Dated: March 14, 2007 |
Lori A. Milken,
an individual
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/s/ Lori A. Milken
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By: Lori A. Milken, |
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an individual |
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Page 13 of 16
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Dated: March 14, 2007 |
Michael R. Milken,
an individual
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/s/ Michael R. Milken
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By: Michael R. Milken, |
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an individual |
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Page 14 of 16
APPENDIX I
The following are the names, principal occupation or employment and, if applicable, the name,
principal business and address of any corporation or other organization in which such employment is
conducted, of the individual directors, executive officers and managers, if any, of each of the
Reporting Persons. Each person listed below is a United States citizen.
DIRECTORS OF EATURNA LLC
Robert Fell, Chairman of Eaturna, 8365 Kittyhawk Avenue, Los Angeles, CA 90045.
The principal business of Eaturna is described in Item 2.
Herbert Simon, Co-Chairman, Simon Property Group, 225 W. Washington Street,
Indianapolis, IN 46204. The principal business of Simon Property Group is the
ownership, development and management of retail real estate.
Cary Fitchey, Managing Partner, M Plus Capital LLC, 1250 4th
Street, Suite 520, Santa Monica, CA 90401. M Plus
Capital LLC is an Opportunistic Mezzanine Fund (Private Equity).
Gun Ruder, President, Agassi Graf Development, 3960 Howard Hughes Parkway #750,
Las Vegas, NV 89109. The principal business of Agassi Graf Development is to
invest in and develop real estate.
Howard Soule, Ph.D., Scientist and Executive VP, Prostate Cancer Foundation,
1250 4th Street, Suite 360, Santa Monica, CA 90401. The principal
business of the Prostate Cancer Foundation is to fund high-impact research to
find better treatments and a cure for prostate cancer.
Stanley E. Maron, Partner, Maron & Sandler, 1250 4th Street, Suite
550, Santa Monica, CA 90401. The principal business of Maron & Sandler is a
law firm. Stanley E. Maron is also a Secretary of Eaturna.
Allen Flans, Consultant, AFRF Corp. 5365 Ostrom Ave. Encino, CA 91316. The
principal business of AFRF Corp. is business consulting.
Vasant Prabhu, Executive Vice President and Chief Financial Officer, Starwood,
1111 Westchester Avenue, White Plains, NY 10604. Starwood is a hotel and
leisure company.
OFFICERS OF EATURNA LLC
Diana Fair, President and Chief Operating Officer of Eaturna LLC, 8635
Kittyhawk Avenue, Los Angeles, CA 90045. The principal business of Eaturna is
described in Item 2.
Page 15 of 16
MANAGER OF EATURNA HOLDINGS LLC AND GOOD TASTING LLC
Ralph Finerman, President, RFG Financial Group Inc., 1250 4th
Street, Suite 580, Santa Monica, CA 90401. The principal business of RFG
Financial Group Inc. is financial consulting.
Page 16 of 16
EXHIBIT INDEX
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Exhibit 1
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Joint Filing Agreement, dated as of March 14, 2007. |
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Exhibit 2
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Subscription Agreement, dated as of
March 6, 2007, between Eaturna and Starwood (incorporated by reference to Exhibit 1 to
Amendment 2 to Schedule 13D filed by Starwood with the
Commission on March 7, 2007). |
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Exhibit 3
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Subscription Agreement, dated as of May 16, 2001, between Starwood and the Company. |
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Exhibit 4
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Development Agreement, dated as of July 27, 2001, between Starwood and the Company. |
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Exhibit 5
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First Amendment to Development
Agreement, dated as of June 20, 2006 (incorporated by reference to Exhibit 1 to
Amendment 1 to Schedule 13D filed by Starwood with the
Commission on June 20, 2006). |
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Exhibit 6
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Investor Rights Agreement, dated as of July 27, 2001, between Starwood and the
Company. |
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Exhibit 7
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Stockholders Agreement, dated as of July 27, 2001, between Starwood, the Company
nd certain stockholders of the Company. |
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Exhibit 8
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First Amendment to Stockholders Agreement, dated as of June 20, 2006, between
Starwood, the Company and certain stockholders of the Company (incorporated by
reference to Exhibit 2 to
Amendment 1 to Schedule 13D filed by Starwood with the
Commission on June 20, 2006). |