SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 1)
Under the Securities Exchange Act of 1934
Headway Corporate Resources, Inc.
(Name of Issuer)
Common Stock, $0.0001 Par Value
(Title of Class of Securities)
422101105
(CUSIP Number)
Andersen, Weinroth & Co., L.P.
1330 Avenue of the Americas
New York, New York 10019
Telephone: (212) 842-1600
Copy To:
Bonnie Greaves, Esq.
Shearman & Sterling
599 Lexington Avenue
New York, New York 10022
Telephone: (212) 848-4000
(Name, Address and Telephone Number of Person Authorized to Receive Notices)
December 29, 2000
(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 ofss. 240.13d-1(e),ss. 240.13d-1(f) orss. 240.13d-1(g), check
the following box. [ ]
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss. 240.13d-7(b) 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).
SCHEDULE 13D
CUSIP No. 422101105
--------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
ANDERSEN, WEINROTH & CO., L.P.
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Source of Funds (See Instructions)
N/A
--------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d)
or 2(e) [ ]
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Delaware
--------------------------------------------------------------------------------
7. Sole Voting Power
456,000
Number of ------------------------------------------------------
Shares 8. Shared Voting Power
Beneficially
Owned By 0
Each ------------------------------------------------------
Reporting 9. Sole Dispositive Power
Person
With 456,000
------------------------------------------------------
10. Shared Dispositive Power
0
--------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
456,000
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [ ]
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
3.9%
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
PN
--------------------------------------------------------------------------------
2
CUSIP No. 422101105
--------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
A.W.&CO.GP INC.
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Source of Funds (See Instructions)
N/A
--------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d)
or 2(e) [ ]
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Delaware
--------------------------------------------------------------------------------
7. Sole Voting Power
0
Number of ------------------------------------------------------
Shares 8. Shared Voting Power
Beneficially
Owned By 456,000
Each ------------------------------------------------------
Reporting 9. Sole Dispositive Power
Person
With 0
------------------------------------------------------
10. Shared Dispositive Power
456,000
--------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
456,000
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [ ]
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
3.9%
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
CO
--------------------------------------------------------------------------------
3
CUSIP No. 422101105
--------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
G. CHRIS ANDERSON
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Source of Funds (See Instructions)
PF
--------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d)
or 2(e) [ ]
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization
United States of America
--------------------------------------------------------------------------------
7. Sole Voting Power
472,700
Number of ------------------------------------------------------
Shares 8. Shared Voting Power
Beneficially
Owned By 505,965
Each ------------------------------------------------------
Reporting 9. Sole Dispositive Power
Person
With 472,700
------------------------------------------------------
10. Shared Dispositive Power
505,965
--------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
978,665
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [ ]
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
8.4%
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
IN
--------------------------------------------------------------------------------
4
CUSIP No. 422101105
--------------------------------------------------------------------------------
1. Name of Reporting Person
I.R.S. Identification No. of Above Person
STEPHEN D. WEINROTH
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Source of Funds (See Instructions)
N/A
--------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d)
or 2(e) [ ]
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization
United States of America
--------------------------------------------------------------------------------
7. Sole Voting Power
82,800
Number of ------------------------------------------------------
Shares 8. Shared Voting Power
Beneficially
Owned By 456,000
Each ------------------------------------------------------
Reporting 9. Sole Dispositive Power
Person
With 82,800
------------------------------------------------------
10. Shared Dispositive Power
456,000
--------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
538,800
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [ ]
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
4.6%
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
IN
--------------------------------------------------------------------------------
5
This Amendment No. 1 amends the Statement on Schedule 13D filed
with the Securities and Exchange Commission on March 17, 2000 by Andersen,
Weinroth & Co., L.P., ("AW L.P."), A.W. & Co. GP Inc. ("AW Inc."), G. Chris
Andersen ("Andersen") and Stephen D. Weinroth ("Weinroth") (the "Schedule 13D").
Unless otherwise defined herein, all capitalized terms shall have the meanings
ascribed to them in the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration
Item 3 is hereby supplemented and amended by the insertion of the
following at the end thereof:
"The purchase price for Andersen's purchases described in Item 5
were obtained from his personal funds."
Item 4. Purpose of Transaction
Item 4 is hereby supplemented and amended by the insertion of the
following at the end thereof:
"Andersen acquired the shares of Headway Common Stock for the
purpose of making an equity investment in the Issuer. Andersen intends
to continuously review his investment in the Issuer on the basis of
various factors, including the Issuer's business and financial
condition, results of operations and prospects, general economic and
industry conditions, the securities market in general and those for the
Issuer's securities in particular, other developments and other
investment opportunities available to Andersen. Based upon such review,
Andersen will take such actions in the future as he may deem
appropriate in light of the circumstances existing from time to time,
which may include the acquisition of additional shares of Headway
Common Stock or other securities of the Issuer either in the open
market or in privately negotiated transactions. Similarly, depending on
market and other factors, Andersen may determine to dispose of some or
all of the Headway Common Stock that he currently owns or that he may
later acquire, either in the open market or in privately negotiated
transactions.
Other than as described above, Andersen does not currently have
any plans or proposals that would result in (a) the acquisition by any
person of additional securities of the Issuer or the disposition of
securities of the Issuer, (b) an extraordinary corporate transaction
involving the Issuer or any of its subsidiaries, (c) a sale or transfer
of a material amount of assets of the Issuer or any of its
subsidiaries, (d) any change in the present board of directors or
management of the Issuer, (e) any material change in the Issuer's
capitalization or dividend policy, (f) any other material change in the
Issuer's business or corporate structure, (g) any change in the
Issuer's charter or bylaws or other instrument corresponding thereto or
other action which may impede the acquisition of control of the Issuer
by any person, (h) causing a class of the Issuer's securities to be
deregistered or delisted, (i) a class of equity securities of the
Issuer becoming eligible for termination of registration or (j) any
action similar to any of those enumerated above."
Item 5. Interest in Securities of the Issuer
Item 5 is hereby amended and restated in its entirety as follows:
6
"(a) and (b) AW L.P. is the beneficial owner of and has the sole
power to vote and direct the voting and the sole power to dispose of
and direct the disposition of 456,000 shares of Headway Common Stock,
representing 3.9% of the outstanding shares of Headway Common Stock.
As the general power of AW L.P., AW Inc. has the shared power to
vote and direct the voting and the shared power to dispose of and
direct the disposition of the 456,000 shares of Headway Common Stock
beneficially owned by AW L.P. and may, accordingly, be deemed to be the
beneficial owner of 456,000 shares of Headway Common Stock,
representing 3.9% of the outstanding shares of Headway Common Stock.
As a shareholder of AW Inc., Andersen may have the shared power to
vote and direct the voting and the shared power to dispose of and
direct the disposition of the 456,000 shares of Headway Common Stock
beneficially owned by AW L.P. and may, accordingly, be deemed to be the
beneficial owner of 456,000 shares of Headway Common Stock. Andersen is
also the beneficial owner of 472,700 shares of Headway Common Stock and
has the sole power to vote and direct the voting and the sole power to
dispose of and direct the disposition of 472,700 of Headway Common
Stock. As a trustee of the G. Chris Andersen Family Foundation (the
"Foundation"), Andersen has the shared power to vote and direct the
voting and the shared power to dispose of and direct the disposition of
49,965 shares of Headway Common Stock beneficially owned by the
Foundation and may, accordingly, be deemed to be the beneficial owner
of 49,965 shares of Headway Common Stock. The shares of Headway Common
Stock beneficially owned or deemed to be beneficially owned by Andersen
constitutes 8.4% of the outstanding shares of Headway Common Stock. AW
L.P., AW Inc. and Weinroth hereby disclaim beneficial ownership of the
505,965 shares of Headway Common Stock beneficially owned by Andersen
and the Foundation.
As a shareholder of AW Inc., Weinroth may have the shared power to
vote and direct the voting and the shared power to dispose of and
direct the disposition of the 456,000 shares of Headway Common Stock
beneficially owned by AW L.P. and may, accordingly, be deemed to be the
beneficial owner of 456,000 shares of Headway Common Stock. Weinroth is
also the beneficial owner of 82,800 shares of Headway Common Stock and
has the sole power to vote and direct the voting and the sole power to
dispose of and direct the disposition of the 82,800 shares of Headway
Common Stock. The shares of Headway Common Stock beneficially owned or
deemed to be beneficially owned by Weinroth constitutes 4.6% of the
outstanding shares of Headway Common Stock. AW L.P., AW Inc. and
Andersen hereby disclaim beneficial ownership of the 82,800 shares of
Headway Common Stock beneficially owned by Weinroth.
(c) In the last sixty days, Andersen acquired in market
transactions the following number of shares of Headway Common Stock on
the dates and at the price per share set forth below:
7
Shares of Headway Common
Date Stock Acquired Price Per Share
--------------------------------------------------------------------------------
12/11/00 3,000 $1.53
--------------------------------------------------------------------------------
12/11/00 2,000 $1.4125
--------------------------------------------------------------------------------
12/11/00 2,000 $1.4125
--------------------------------------------------------------------------------
12/11/00 2,000 $1.5375
--------------------------------------------------------------------------------
12/11/00 2,000 $1.53
--------------------------------------------------------------------------------
12/11/00 1,000 $1.53
--------------------------------------------------------------------------------
12/11/00 3,000 $1.53
--------------------------------------------------------------------------------
12/11/00 2,000 $1.5375
--------------------------------------------------------------------------------
12/19/00 500 $1.518
--------------------------------------------------------------------------------
12/19/00 4,500 $1.518
--------------------------------------------------------------------------------
12/19/00 5,000 $1.518
--------------------------------------------------------------------------------
12/19/00 5,000 $1.518
--------------------------------------------------------------------------------
12/20/00 1,000 $1.518
--------------------------------------------------------------------------------
12/20/00 1,000 $1.518
--------------------------------------------------------------------------------
12/20/00 200 $1.518
--------------------------------------------------------------------------------
12/20/00 2,800 $1.518
--------------------------------------------------------------------------------
12/20/00 500 $1.518
--------------------------------------------------------------------------------
12/20/00 1,900 $1.518
--------------------------------------------------------------------------------
12/20/00 500 $1.518
--------------------------------------------------------------------------------
12/20/00 2,100 $1.518
--------------------------------------------------------------------------------
12/20/00 4,200 $1.518
--------------------------------------------------------------------------------
12/20/00 800 $1.518
--------------------------------------------------------------------------------
12/20/00 200 $1.518
--------------------------------------------------------------------------------
12/20/00 4,000 $1.518
--------------------------------------------------------------------------------
12/20/00 800 $1.518
--------------------------------------------------------------------------------
12/20/00 5,000 $1.518
--------------------------------------------------------------------------------
12/20/00 2,000 $1.518
--------------------------------------------------------------------------------
12/21/00 3,000 $1.519
--------------------------------------------------------------------------------
12/21/00 2,300 $1.519
--------------------------------------------------------------------------------
12/21/00 500 $1.519
--------------------------------------------------------------------------------
12/21/00 4,000 $1.519
--------------------------------------------------------------------------------
12/21/00 200 $1.519
--------------------------------------------------------------------------------
12/22/00 600 $1.519
--------------------------------------------------------------------------------
12/22/00 2,000 $1.519
--------------------------------------------------------------------------------
12/22/00 2,100 $1.519
--------------------------------------------------------------------------------
12/22/00 5,300 $1.519
--------------------------------------------------------------------------------
12/26/00 1,000 $1.519
--------------------------------------------------------------------------------
12/26/00 1,000 $1.519
--------------------------------------------------------------------------------
12/26/00 200 $1.518
--------------------------------------------------------------------------------
12/26/00 3,000 $1.518
--------------------------------------------------------------------------------
12/26/00 2,000 $1.518
--------------------------------------------------------------------------------
12/26/00 2,000 $1.519
--------------------------------------------------------------------------------
12/26/00 800 $1.519
--------------------------------------------------------------------------------
12/26/00 200 $1.519
--------------------------------------------------------------------------------
8
Shares of Headway Common
Date Stock Acquired Price Per Share
--------------------------------------------------------------------------------
12/26/00 400 $1.519
--------------------------------------------------------------------------------
12/26/00 4,400 $1.519
--------------------------------------------------------------------------------
12/27/00 2,000 $1.519
--------------------------------------------------------------------------------
12/27/00 2,000 $1.519
--------------------------------------------------------------------------------
12/27/00 300 $1.519
--------------------------------------------------------------------------------
12/27/00 5,700 $1.519
--------------------------------------------------------------------------------
12/27/00 10,000 $1.519
--------------------------------------------------------------------------------
12/27/00 1,300 $1.519
--------------------------------------------------------------------------------
12/27/00 8,000 $1.519
--------------------------------------------------------------------------------
12/27/00 700 $1.519
--------------------------------------------------------------------------------
12/27/00 10,000 $1.519
--------------------------------------------------------------------------------
12/27/00 10,000 $1.519
--------------------------------------------------------------------------------
12/27/00 10,000 $1.519
--------------------------------------------------------------------------------
12/17/00 5,000 $1.519
--------------------------------------------------------------------------------
12/27/00 1,000 $1.519
--------------------------------------------------------------------------------
12/27/00 4,000 $1.519
--------------------------------------------------------------------------------
12/27/00 1,000 $1.519
--------------------------------------------------------------------------------
12/27/00 9,000 $1.519
--------------------------------------------------------------------------------
12/27/00 10,000 $1.519
--------------------------------------------------------------------------------
12/27/00 1,400 $1.519
--------------------------------------------------------------------------------
12/27/00 8,600 $1.519
--------------------------------------------------------------------------------
12/27/00 9,000 $1.519
--------------------------------------------------------------------------------
12/27/00 1,000 $1.519
--------------------------------------------------------------------------------
12/27/00 8,000 $1.519
--------------------------------------------------------------------------------
12/27/00 1,500 $1.519
--------------------------------------------------------------------------------
12/27/00 500 $1.518
--------------------------------------------------------------------------------
12/27/00 3,500 $1.519
--------------------------------------------------------------------------------
12/27/00 5,000 $1.519
--------------------------------------------------------------------------------
12/27/00 1,500 $1.519
--------------------------------------------------------------------------------
12/27/00 500 $1.518
--------------------------------------------------------------------------------
12/27/00 9,000 $1.519
--------------------------------------------------------------------------------
12/27/00 500 $1.519
--------------------------------------------------------------------------------
12/27/00 10,000 $1.519
--------------------------------------------------------------------------------
12/28/00 4,500 $1.519
--------------------------------------------------------------------------------
12/28/00 1,000 $1.519
--------------------------------------------------------------------------------
12/28/00 1,900 $1.519
--------------------------------------------------------------------------------
12/28/00 2,600 $1.519
--------------------------------------------------------------------------------
12/28/00 2,400 $1.519
--------------------------------------------------------------------------------
12/28/00 400 $1.519
--------------------------------------------------------------------------------
12/28/00 400 $1.519
--------------------------------------------------------------------------------
12/28/00 100 $1.519
--------------------------------------------------------------------------------
12/28/00 5,000 $1.519
--------------------------------------------------------------------------------
12/28/00 1,700 $1.519
--------------------------------------------------------------------------------
12/29/00 500 $1.519
--------------------------------------------------------------------------------
12/29/00 900 $1.519
--------------------------------------------------------------------------------
12/29/00 8,600 $1.519
--------------------------------------------------------------------------------
9
Shares of Headway Common
Date Stock Acquired Price Per Share
--------------------------------------------------------------------------------
12/29/00 2,800 $1.394
--------------------------------------------------------------------------------
12/29/00 3,900 $1.394
--------------------------------------------------------------------------------
12/29/00 100 $1.394
--------------------------------------------------------------------------------
12/29/00 300 $1.394
--------------------------------------------------------------------------------
12/29/00 300 $1.394
--------------------------------------------------------------------------------
12/29/00 200 $1.394
--------------------------------------------------------------------------------
12/29/00 3,900 $1.519
--------------------------------------------------------------------------------
12/29/00 5,000 $1.519
--------------------------------------------------------------------------------
12/29/00 1,100 $1.519
--------------------------------------------------------------------------------
12/29/00 5,000 $1.393
--------------------------------------------------------------------------------
12/29/00 600 $1.519
--------------------------------------------------------------------------------
12/29/00 4,000 $1.519
--------------------------------------------------------------------------------
12/29/00 5,400 $1.519
--------------------------------------------------------------------------------
12/29/00 2,400 $1.519
--------------------------------------------------------------------------------
12/29/00 6,500 $1.519
--------------------------------------------------------------------------------
12/29/00 1,100 $1.519
--------------------------------------------------------------------------------
12/29/00 9,500 $1.519
--------------------------------------------------------------------------------
12/29/00 500 $1.519
--------------------------------------------------------------------------------
1/2/01 5,000 $1.519
--------------------------------------------------------------------------------
According to Amendment No. 4 to the Statement on Schedule 13D
filed on December 29, 2000 by HCM, HCM has disposed of all of the
Headway Common Stock previously held by it.
Except as described herein, there have been no transactions by any
Reporting Person or, to the knowledge of the Reporting Persons, any
director or executive officer of AW Inc., in securities of the Issuer
during the past sixty days.
(d) No one other than AW L.P., AW Inc., Andersen and Weinroth is
known to have the right to receive or the power to direct the receipt
of dividend from, or the proceeds from the sale of, the 456,000 shares
of Headway Common Stock beneficially owned by AW L.P., the 505,965
shares of Headway Common Stock beneficially owned by Andersen (other
than the 49,965 shares of Headway Common Stock beneficially owned by
the Foundation) or the 82,800 shares of Headway Common Stock
beneficially owned by Weinroth.
(e) With respect to AW L.P., AW Inc. and Weinroth only, December
29, 2000."
Item 7. Material to be Filed as Exhibits.
Exhibit 1 Joint Filing Agreement among AW L.P., AW Inc.,
Andersen and Weinroth pursuant to Rule
13d-1(k)(1)(iii).*
* Filed as an exhibit to the Schedule 13D, dated as of March 17,
2000.
10
SIGNATURES
After reasonable inquiry and to the best of its knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: March 5, 2001
ANDERSEN, WEINROTH & CO., L.P.
By: A.W. & Co. GP Inc., general partner
By: /s/ Stephen D. Weinroth
-----------------------------------
Name: Stephen D. Weinroth
Title: President
A.W. & CO. GP INC.
By: /s/ Stephen D. Weinroth
--------------------------------------
Name: Stephen D. Weinroth
Title: President
/s/ G. Chris Andersen
-----------------------------------------
G. CHRIS ANDERSEN
/s/ Stephen D. Weinroth
-----------------------------------------
STEPHEN D. WEINROTH