UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Rockford Corporation
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(Name of Issuer)
Common Stock, par value $0.001 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
77316P101
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(CUSIP Number)
April 2, 2003
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed: [ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* 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 the
disclosures provided in a prior cover page.
The information required in 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).
Person Authorized to Receive Notices and Communications:
Taylor H. Wilson, Esq.
Haynes and Boone, LLP
901 Main Street, Suite 3100
Dallas, Texas 75202
(214) 651-5615
SCHEDULE 13G/A
--------------------- ------------------
CUSIP No. - 77316P101 Page 2 of 19 Pages
--------------------- ------------------
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
WS Capital, L.L.C.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
Texas
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 709,061
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 0
PERSON --------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
709,061
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
709,061
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.0%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
HC
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SCHEDULE 13G/A
--------------------- ------------------
CUSIP No. - 77316P101 Page 3 of 19 Pages
--------------------- ------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
WS Capital Management, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
Texas
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 709,061
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 0
PERSON --------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
709,061
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
709,061
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.0%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IA
--------------------------------------------------------------------------------
SCHEDULE 13G/A
--------------------- ------------------
CUSIP No. - 77316P101 Page 4 of 19 Pages
--------------------- ------------------
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Walker Smith Capital Master Fund
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
Texas
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 337,136
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 0
PERSON --------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
337,136
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
337,136
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.8%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
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SCHEDULE 13G/A
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CUSIP No. - 77316P101 Page 5 of 19 Pages
--------------------- ------------------
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Walker Smith International Fund, Ltd.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
British Virgin Islands
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 371,925
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 0
PERSON --------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
371,925
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
371,925
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.2%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
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SCHEDULE 13G/A
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CUSIP No. - 77316P101 Page 6 of 19 Pages
--------------------- ------------------
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
WSV Management, L.L.C.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
Texas
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 226,223
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 0
PERSON --------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
226,223
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
226,223
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.5%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IA
--------------------------------------------------------------------------------
SCHEDULE 13G/A
--------------------- ------------------
CUSIP No. - 77316P101 Page 7 of 19 Pages
--------------------- ------------------
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
WS Ventures Management, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
Texas
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 226,223
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 0
PERSON --------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
226,223
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
226,223
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.5%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
HC
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SCHEDULE 13G/A
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CUSIP No. - 77316P101 Page 8 of 19 Pages
--------------------- ------------------
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
WS Opportunity Master Fund
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
Texas
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 153,623
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 0
PERSON --------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
153,623
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
153,623
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.7%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
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--------------------- ------------------
CUSIP No. - 77316P101 Page 9 of 19 Pages
--------------------- ------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
WS Opportunity Fund International, Ltd.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 72,600
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 0
PERSON --------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
72,600
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
72,600
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.8%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
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CUSIP No. - 77316P101 Page 10 of 19 Pages
--------------------- -------------------
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Reid S. Walker
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
United States of America
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 935,284
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 0
PERSON --------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
935,284
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
935,284
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.5%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
HC
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CUSIP No. - 77316P101 Page 11 of 19 Pages
--------------------- -------------------
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
G. Stacy Smith
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
United States of America
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 935,284
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 0
PERSON --------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
935,284
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
935,284
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.5%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
HC
--------------------------------------------------------------------------------
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CUSIP No. - 77316P101 Page 12 of 19 Pages
--------------------- -------------------
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Patrick P. Walker
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
United States of America
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 226,223
BENEFICIALLY --------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 0
PERSON --------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
226,223
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
226,223
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.5%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
HC
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--------------------- -------------------
CUSIP No. - 77316P101 Page 13 of 19 Pages
--------------------- -------------------
This Amendment No. 2 to Schedule 13G (this "Amendment") relates to the
common stock, par value $0.001 per share ("Common Stock"), of Rockford
Corporation, an Arizona corporation (the "Issuer"), and amends the Schedule 13G
filed with the Securities and Exchange Commission on September 8, 2000, and
amended on May 9, 2003. This Amendment is being filed on behalf of (i) Reid S.
Walker and G. Stacy Smith, principals of WS Capital, L.L.C., a Texas limited
liability company ("WS Capital"), and WSV Management, L.L.C., a Texas limited
liability company ("WSV"), (ii) Patrick P. Walker, a principal of WSV, (iii) WS
Capital, (iv) WSV, (v) WS Capital Management, L.P., a Texas limited partnership
("WS Capital Management"), (vi) WS Ventures Management, L.P., a Texas limited
partnership ("WSVM"), (vii) Walker Smith Capital Master Fund, a Texas general
partnership ("Walker Smith Capital"), (viii) Walker Smith International Fund,
Ltd., a British Virgin Islands exempted company ("Walker Smith International"),
(ix) WS Opportunity Master Fund, a Texas general partnership ("WS Opportunity"),
and (x) WS Opportunity Fund International, Ltd., a Cayman Islands exempted
company ("WS Opportunity International").
This Amendment relates to the shares of Common Stock of the Issuer
purchased by (i) WS Capital for the account of (1) Walker Smith Capital, a
general partnership of which Walker Smith Capital, L.P. and Walker Smith Capital
(QP), L.P., each a Texas limited partnership, are the partners, and (2) Walker
Smith International, and (ii) WSV for the account of (1) WS Opportunity, a
general partnership of which WS Opportunity Fund, L.P. and WS Opportunity Fund
(QP), L.P., each a Texas limited partnership, are the partners, and (2) WS
Opportunity International. WS Capital is the general partner of WS Capital
Management. WS Capital Management is the investment manager and agent and
attorney-in-fact for each of Walker Smith Capital and Walker Smith
International. WSV is the general partner of WSVM. WSVM is the investment
manager and agent and attorney-in-fact for each of WS Opportunity and WS
Opportunity International.
Due to an ambiguity in the application of Section 13(d) of the
Securities Exchange Act of 1934 (the "Exchange Act") and the rules and
regulations promulgated thereunder, it is unclear whether the reporting persons
are eligible to file reports with respect to the Common Stock of the Issuer
pursuant to Rule 13d-1(b) under the Exchange Act. Accordingly, out of an
abundance of caution, the reporting persons are filing this Amendment with
respect to the Common Stock of the Issuer pursuant to Rule 13d-1(c) and Rule
13d-2(b) under the Exchange Act. Each of the reporting persons hereby expressly
disclaims membership in a "group" under Section 13(d) of the Exchange Act with
respect to the shares of Common Stock of the Issuer reported herein, and this
Amendment shall not be deemed to be an admission that any such reporting person
is a member of such a group.
Item 1(a) Name of Issuer:
Rockford Corporation
Item 1(b) Address of Issuer's Principal Executive Offices:
600 South Rockford Drive
Tempe, Arizona 85281
Item 2(a) Names of Persons Filing:
WS Capital, L.L.C., a Texas limited liability company
WS Capital Management, L.P., a Texas limited partnership
Walker Smith Capital Master Fund, a Texas general partnership
Walker Smith International Fund, Ltd., a British Virgin
Islands exempted company
--------------------- -------------------
CUSIP No. - 77316P101 Page 14 of 19 Pages
--------------------- -------------------
WSV Management, L.L.C., a Texas limited liability company
WS Ventures Management, L.P., a Texas limited partnership
WS Opportunity Master Fund, a Texas general partnership
WS Opportunity Fund International, Ltd., a Cayman Islands
exempted company
Reid S. Walker, a citizen of the United States of America
G. Stacy Smith, a citizen of the United States of America
Patrick P. Walker, a citizen of the United States of America
Item 2(b) Addresses of Principal Business Offices:
300 Crescent Court, Suite 880
Dallas, Texas 75201
Item 2(c) Citizenship:
See Item 2(a) above.
Item 2(d) Title of Class of Securities:
Common Stock, par value $0.001 per share
Item 2(e) CUSIP Number:
77316P101
Item 3 Status of Persons Filing:
(a) [ ] Broker or dealer registered under section 15 of
the Act (15 U.S.C. 78o);
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15
U.S.C. 78c);
(c) [ ] Insurance company as defined in section 3(a)(19)
of the Act (15 U.S.C. 78c);
(d) [ ] Investment company registered under section 8 of
the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e) [ ] An investment adviser in accordance with Section
240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in
accordance with Section 240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in
accordance with Section 240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b)
of the Federal Deposit Insurance Act (12 U.S.C.
1813);
(i) [ ] A church plan that is excluded from the
definition of an investment company under section
3(c)(14) of the Investment Company Act of 1940 (15
U.S.C. 80a-3);
(j) [ ] Group, in accordance with Section
240.13d-1(b)(1)(ii)(J).
--------------------- -------------------
CUSIP No. - 77316P101 Page 15 of 19 Pages
--------------------- -------------------
Item 4 Ownership:
(a) Reid S. Walker and G. Stacy Smith are the beneficial
owners of 935,284 shares of Common Stock, which
includes (i) 709,061 shares of Common Stock
beneficially owned by WS Capital and WS Capital
Management for the accounts of Walker Smith Capital and
Walker Smith International and (ii) 226,223 shares of
Common Stock beneficially owned by WSV and WSVM for the
accounts of WS Opportunity and WS Opportunity
International.
Patrick P. Walker is the beneficial owner of 226,223
shares of Common Stock beneficially owned by WSV and
WSVM for the accounts of WS Opportunity and WS
Opportunity International.
WS Capital and WS Capital Management are the beneficial
owners of 709,061 shares of Common Stock, which
includes (i) 337,136 shares beneficially owned by
Walker Smith Capital and (ii) 371,925 shares
beneficially owned by Walker Smith International.
WSV and WSVM are the beneficial owners of 226,223
shares of Common Stock, which includes (i) 153,623
shares beneficially owned by WS Opportunity and (ii)
72,600 shares beneficially owned by WS Opportunity
International.
(b) Reid S. Walker and G. Stacy Smith are the beneficial
owners of 10.5% (determined by dividing 935,284 shares
of Common Stock presently beneficially owned by Messrs.
R. Walker and Smith by 8,883,067 shares of Common Stock
issued and outstanding as of June 30, 2003, according
to the Issuer's Quarterly Report on Form 10-Q for the
quarterly period ended June 30, 2003 (the "Form 10-Q"))
of the outstanding shares of Common Stock.
Patrick P. Walker is the beneficial owner of 2.5%
(determined by dividing 226,223 shares of Common Stock
presently beneficially owned by Mr. P. Walker by
8,883,067 shares of Common Stock issued and outstanding
as of June 30, 2003, according to the Form 10-Q) of the
outstanding shares of Common Stock.
WS Capital and WS Capital Management are each
beneficial owners of 8.0% (determined by dividing
709,061 shares of Common Stock presently beneficially
owned by each of WS Capital and WS Capital Management
by 8,883,067 shares of Common Stock issued and
outstanding as of June 30, 2003, according to the Form
10-Q) of the outstanding shares of Common Stock.
Walker Smith Capital is the beneficial owner of 3.8%
(determined by dividing 337,136 shares of Common Stock
presently beneficially owned by Walker Smith Capital by
8,883,067 shares of Common Stock issued and outstanding
as of June 30, 2003, according to the Form 10-Q) of the
outstanding shares of Common Stock.
Walker Smith International is the beneficial owner of
4.2% (determined by dividing 371,925 shares of Common
Stock presently beneficially owned by Walker Smith
International by 8,883,067 shares of Common Stock
issued and outstanding as of June 30, 2003, according
to the Form 10-Q) of the outstanding shares of Common
Stock.
--------------------- -------------------
CUSIP No. - 77316P101 Page 16 of 19 Pages
--------------------- -------------------
WSV and WSVM are each beneficial owners of 2.5%
(determined by dividing 226,223 shares of Common Stock
presently beneficially owned by each of WSV and WSVM by
8,883,067 shares of Common Stock issued and outstanding
as of June 30, 2003, according to the Form 10-Q) of the
outstanding shares of Common Stock.
WS Opportunity is the beneficial owner of 1.7%
(determined by dividing 153,623 shares of Common Stock
presently beneficially owned by WS Opportunity by
8,883,067 shares of Common Stock issued and outstanding
as of June 30, 2003, according to the Form 10-Q) of the
outstanding shares of Common Stock.
WS Opportunity International is the beneficial owner of
0.8% (determined by dividing 72,600 shares of Common
Stock presently beneficially owned by WS Opportunity
International by 8,883,067 shares of Common Stock
issued and outstanding as of June 30, 2003, according
to the Form 10-Q) of the outstanding shares of Common
Stock.
(c) As principals of WS Capital and WSV, Reid S. Walker and
G. Stacy Smith have sole power to vote and dispose of
935,284 shares of Common Stock beneficially owned by WS
Capital and WSV. As a principal of WSV, Patrick P.
Walker has sole power to vote and dispose of 226,223
shares of Common Stock beneficially owned by WSV.
As general partner of WS Capital Management, WS Capital
has sole power to vote and dispose of 709,061 shares of
Common Stock beneficially owned by WS Capital
Management.
As investment manager for Walker Smith Capital and
Walker Smith International, WS Capital Management has
sole power to vote and dispose of 709,061 shares of
Common Stock beneficially owned by Walker Smith Capital
and Walker Smith International.
Walker Smith Capital has sole power to vote and dispose
of 337,136 shares of Common Stock of which it is the
beneficial owner, and Walker Smith International has
sole power to vote and dispose of 371,925 shares of
Common Stock of which it is the beneficial owner.
As general partner of WSVM, WSV has sole power to vote
and dispose of 226,223 shares of Common Stock
beneficially owned by WSVM.
As investment manager for WS Opportunity Master Fund
and WS Opportunity International, WSVM has sole power
to vote and dispose of 226,223 shares of Common Stock
beneficially owned by WS Opportunity and WS Opportunity
International.
WS Opportunity has sole power to vote and dispose of
153,623 shares of Common Stock of which it is the
beneficial owner, and WS Opportunity International has
sole power to vote and dispose of 72,600 shares of
Common Stock of which it is the beneficial owner.
--------------------- -------------------
CUSIP No. - 77316P101 Page 17 of 19 Pages
--------------------- -------------------
Item 5 Ownership of 5% or Less of a Class:
Not applicable.
Item 6 Ownership of More than 5% on Behalf of Another Person:
Not applicable.
Item 7 Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company or Control Person:
WS Capital Management is an investment adviser registered with
the State of Texas and, as such, has beneficial ownership of
the shares of Common Stock held by its clients, Walker Smith
Capital and Walker Smith International. WS Capital is the
general partner of WS Capital Management. Reid S. Walker and
G. Stacy Smith are the sole principals of WS Capital, and
therefore exercise investment discretion and control with
respect to the shares of Common Stock held by WS Capital
Management's clients.
WSV is an investment adviser registered with the State of
Texas and is the general partner of WSVM and, as such, has
beneficial ownership of the shares of Common Stock held by its
clients, WS Opportunity and WS Opportunity International. Reid
S. Walker, G. Stacy Smith and Patrick P. Walker are the sole
principals of WSV, and therefore exercise investment
discretion and control with respect to the shares of Common
Stock held by WSV's clients.
Item 8 Identification and Classification of Members of the Group:
Not applicable.
Item 9 Notice of Dissolution of Group:
Not applicable.
Item 10 Certification:
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired
and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the
securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect.
--------------------- -------------------
CUSIP No. - 77316P101 Page 18 of 19 Pages
--------------------- -------------------
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: August 28, 2003
WS CAPITAL, L.L.C.
By: /s/ Reid S. Walker
----------------------------------------
Reid S. Walker, Member
WS CAPITAL MANAGEMENT, L.P.
By: WS Capital, L.L.C., its general partner
By: /s/ Reid S. Walker
----------------------------------------
Reid S. Walker, Member
WALKER SMITH CAPITAL MASTER FUND
By: WS Capital Management, L.P., its agent
and attorney-in-fact
By: WS Capital, L.L.C., its general partner
By: /s/ Reid S. Walker
----------------------------------------
Reid S. Walker, Member
WALKER SMITH INTERNATIONAL FUND, LTD.
By: WS Capital Management, L.P., its agent
and attorney-in-fact
By: WS Capital, L.L.C., its general partner
By: /s/ Reid S. Walker
----------------------------------------
Reid S. Walker, Member
WSV MANAGEMENT, L.L.C.
By: /s/ Reid S. Walker
----------------------------------------
Reid S. Walker, Member
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CUSIP No. - 77316P101 Page 19 of 19 Pages
--------------------- -------------------
WS VENTURES MANAGEMENT, L.P.
By: WSV Management, L.L.C., its general
partner
By: /s/ Reid S. Walker
----------------------------------------
Reid S. Walker, Member
WS OPPORTUNITY MASTER FUND
By: WS Ventures Management, L.P., its agent
and attorney-in-fact
By: WSV Management, L.L.C., its general
partner
By: /s/ Reid S. Walker
----------------------------------------
Reid S. Walker, Member
WS OPPORTUNITY FUND INTERNATIONAL, LTD.
By: WS Ventures Management, L.P., its agent
and attorney-in-fact
By: WSV Management, L.L.C., its general
partner
By: /s/ Reid S. Walker
----------------------------------------
Reid S. Walker, Member
/s/ Reid S. Walker
--------------------------------------------
REID S. WALKER
/s/ G. Stacy Smith
--------------------------------------------
G. STACY SMITH
/s/ Patrick P. Walker
--------------------------------------------
PATRICK P. WALKER
EXHIBITS
Exhibit 1 Joint Filing Agreement, dated August 28, 2003, entered into by
and among WS Capital, L.L.C., WS Capital Management, L.P.,
Walker Smith Capital Master Fund, Walker Smith International
Fund, Ltd., WSV Management, L.L.C., WS Ventures Management,
L.P., WS Opportunity Master Fund, WS Opportunity Fund
International, Ltd., Reid S. Walker, G. Stacy Smith and
Patrick P. Walker.