SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Circuit City Stores, Inc.
----------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.50 per share
----------------------------------------------------------------------
(Title of Class of Securities)
172737108
----------------------------------------------------------------------
(CUSIP Number)
Rafael Robles Miaja
Franck, Galicia y Robles, S.C.
Torre del Bosque
Boulevard Manuel Avila Camacho No. 24 piso 7
Mexico 11000, Distrito Federal
52 (55) 5540-9225
----------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
Copies to:
Thomas M. Cerabino, Esq.
Willkie Farr & Gallagher
787 Seventh Avenue
New York, New York 10019
(212) 728-8000
June 16, 2003
----------------------------------------------------------------------
(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 ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box: [X]
SCHEDULE 13D
----------------------------- -----------------------------
CUSIP No. 172737108 Page 1 of 24 Pages
----------------------------- -----------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Carlos Slim Helu
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC (see Item 3 of this Schedule 13D)
----------- --------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Mexico
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------- ------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 19,050,000 (see Item 5(b) of this Schedule 13D)
EACH --------- ------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
19,050,000 (see Item 5(b) of this Schedule 13D)
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,050,000 (see Item 5(a) of this Schedule 13D)
----------- --------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.2% (see Item 5(a) of this Schedule 13D)
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
----------- --------------------------------------------------------------------
SCHEDULE 13D
----------------------------- -----------------------------
CUSIP No. 172737108 Page 2 of 24 Pages
----------------------------- -----------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Carlos Slim Domit
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC (see Item 3 of this Schedule 13D)
----------- --------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Mexico
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------- ------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 19,050,000 (see Item 5(b) of this Schedule 13D)
EACH --------- ------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
19,050,000 (see Item 5(b) of this Schedule 13D)
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,050,000 (see Item 5(a) of this Schedule 13D)
----------- --------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.2% (see Item 5(a) of this Schedule 13D)
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
----------- --------------------------------------------------------------------
SCHEDULE 13D
----------------------------- -----------------------------
CUSIP No. 172737108 Page 3 of 24 Pages
----------------------------- -----------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Marco Antonio Slim Domit
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC (see Item 3 of this Schedule 13D)
----------- --------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Mexico
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------- ------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 19,050,000 (see Item 5(b) of this Schedule 13D)
EACH --------- ------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
19,050,000 (see Item 5(b) of this Schedule 13D)
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,050,000 (see Item 5(a) of this Schedule 13D)
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.2% (see Item 5(a) of this Schedule 13D)
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
----------- --------------------------------------------------------------------
SCHEDULE 13D
----------------------------- -----------------------------
CUSIP No. 172737108 Page 4 of 24 Pages
----------------------------- -----------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Patrick Slim Domit
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC (see Item 3 of this Schedule 13D)
----------- --------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Mexico
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------- ------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 19,050,000 (see Item 5(b) of this Schedule 13D)
EACH --------- ------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
19,050,000 (see Item 5(b) of this Schedule 13D)
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,050,000 (see Item 5(a) of this Schedule 13D)
----------- --------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.2% (see Item 5(a) of this Schedule 13D)
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
----------- --------------------------------------------------------------------
SCHEDULE 13D
----------------------------- -----------------------------
CUSIP No. 172737108 Page 5 of 24 Pages
----------------------------- -----------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Maria Soumaya Slim Domit
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC (see Item 3 of this Schedule 13D)
----------- --------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Mexico
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------- ------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 19,050,000 (see Item 5(b) of this Schedule 13D)
EACH --------- ------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
19,050,000 (see Item 5(b) of this Schedule 13D)
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,050,000 (see Item 5(a) of this Schedule 13D)
----------- --------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.2% (see Item 5(a) of this Schedule 13D)
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
----------- --------------------------------------------------------------------
SCHEDULE 13D
----------------------------- -----------------------------
CUSIP No. 172737108 Page 6 of 24 Pages
----------------------------- -----------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Vanessa Paola Slim Domit
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC (see Item 3 of this Schedule 13D)
----------- --------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Mexico
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------- ------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 19,050,000 (see Item 5(b) of this Schedule 13D)
EACH --------- ------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
19,050,000 (see Item 5(b) of this Schedule 13D)
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,050,000 (see Item 5(a) of this Schedule 13D)
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.2% (see Item 5(a) of this Schedule 13D)
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
----------- --------------------------------------------------------------------
SCHEDULE 13D
----------------------------- -----------------------------
CUSIP No. 172737108 Page 7 of 24 Pages
----------------------------- -----------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Johanna Monique Slim Domit
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC (see Item 3 of this Schedule 13D)
----------- --------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Mexico
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------- ------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 19,050,000 (see Item 5(b) of this Schedule 13D)
EACH --------- ------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
19,050,000 (see Item 5(b) of this Schedule 13D)
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,050,000 (see Item 5(a) of this Schedule 13D)
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.2% (see Item 5(a) of this Schedule 13D)
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
----------- --------------------------------------------------------------------
SCHEDULE 13D
----------------------------- -----------------------------
CUSIP No. 172737108 Page 8 of 24 Pages
----------------------------- -----------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Inmobiliaria Carso, S.A. de C.V.
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC (see Item 3 of this Schedule 13D)
----------- --------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Mexico
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------- ------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 19,050,000 (see Item 5(b) of this Schedule 13D)
EACH --------- ------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
19,050,000 (see Item 5(b) of this Schedule 13D)
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,050,000 (see Item 5(a) of this Schedule 13D)
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.2% (see Item 5(a) of this Schedule 13D)
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
HC
----------- --------------------------------------------------------------------
SCHEDULE 13D
----------------------------- -----------------------------
CUSIP No. 172737108 Page 9 of 24 Pages
----------------------------- -----------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Orient Star Holdings LLC
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC (see Item 3 of this Schedule 13D)
----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 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 19,050,000 (see Item 5(b) of this Schedule 13D)
EACH --------- ------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
19,050,000 (see Item 5(b) of this Schedule 13D)
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,050,000 (see Item 5(a) of this Schedule 13D)
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.2% (see Item 5(a) of this Schedule 13D)
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
HC
----------- --------------------------------------------------------------------
SCHEDULE 13D
----------------------------- -----------------------------
CUSIP No. 172737108 Page 10 of 24 Pages
----------------------------- -----------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
U.S. Commercial Corp., S.A. de C.V.
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC (see Item 3 of this Schedule 13D)
----------- --------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Mexico
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------- ------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 19,050,000 (see Item 5(b) of this Schedule 13D)
EACH --------- ------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
19,050,000 (see Item 5(b) of this Schedule 13D)
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,050,000 (see Item 5(a) of this Schedule 13D)
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.2% (see Item 5(a) of this Schedule 13D)
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
HC
----------- --------------------------------------------------------------------
SCHEDULE 13D
----------------------------- -----------------------------
CUSIP No. 172737108 Page 11 of 24 Pages
----------------------------- -----------------------------
----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Commercial LLC
----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
----------- --------------------------------------------------------------------
3 SEC USE ONLY
----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC (see Item 3 of this Schedule 13D)
----------- --------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 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 19,050,000 (see Item 5(b) of this Schedule 13D)
EACH --------- ------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
19,050,000 (see Item 5(b) of this Schedule 13D)
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,050,000 (see Item 5(a) of this Schedule 13D)
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.2% (see Item 5(a) of this Schedule 13D)
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
HC
----------- --------------------------------------------------------------------
This Statement of Beneficial Ownership on Schedule 13D (this "Schedule
13D") is being filed on behalf of Carlos Slim Helu, Carlos Slim Domit, Marco
Antonio Slim Domit, Patrick Slim Domit, Maria Soumaya Slim Domit, Vanessa Paola
Slim Domit and Johanna Monique Slim Domit (collectively, the "Slim Family"), and
Inmobiliaria Carso, S.A. de C.V., a Mexican sociedad anonima de capital variable
("Inmobiliaria"), Orient Star Holdings LLC, a Delaware limited liability company
("Orient"), U.S. Commercial Corp., S.A. de C.V., a Mexican sociedad anonima de
capital variable ("USCC"), and Commercial LLC, a Delaware limited liability
company ("Commercial" and, together with the Slim Family, Inmobiliaria, Orient
and USCC, the "Reporting Entities"). This Schedule 13D relates to the common
stock, par value $0.50 per share (the "Company Common Stock"), of Circuit City
Stores, Inc., a Virginia corporation (the "Company"). Prior to filing this
Schedule 13D with the Securities and Exchange Commission (the "Commission"), the
Slim Family, Inmobiliaria and Orient jointly filed with the Commission on March
9, 2001 a Statement of Beneficial Ownership on Schedule 13G with respect to the
Company Common Stock, as amended on February 8, 2002, December 26, 2002 (the
"December 2002 Amendment") and February 13, 2003. Commencing with the December
2002 Amendment, USCC and Commercial were included as reporting persons with
respect to the Company Common Stock in the joint filings on Schedule 13G made by
the Slim Family, Inmobiliaria and Orient.
-12-
The Reporting Entities are making this single joint filing because they may
be deemed to constitute a "group" within the meaning of Section 13(d)(3) of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"). Each Reporting
Entity disclaims beneficial ownership of all of shares of Company Common Stock,
other than those reported herein as being owned by it.
Item 1. Security and Issuer.
This Schedule 13D relates to the Company Common Stock and is being filed
pursuant to Rule 13d-1(e) under the Exchange Act. The address of the principal
executive offices of the Company is 9950 Maryland Drive, Richmond, Virginia
23233.
Item 2. Identity and Background.
(a) This Schedule 13D is being filed jointly on behalf of the Reporting
Entities. The members of the Slim Family are (i) directly and indirectly owners
of all the outstanding voting securities of Inmobiliaria and (ii) directly and
through a Mexican trust for which they are the beneficiaries, the owners of a
majority of the outstanding voting securities of USCC. Inmobiliaria is the sole
member of Orient. USCC is the sole member of Commercial. The names, business
addresses, present principal occupations and citizenships of the Slim Family and
the executive officers and directors of each of Inmobiliaria and USCC are set
forth in Schedule I of this Schedule 13D.
(b) Principal Business Address.
(i) The principal business address of Inmobiliaria is Insurgenetes
Sur #3500, PB-4, Colonia Pena Pobre, Mexico D.F. 14060, Mexico.
(ii) The principal business address of Orient and Commercial is 1330
Post Oak Boulevard, Suite 2140, Houston, TX 77056.
-13-
(iii) The principal business address of USCC is Miguel de Cervantes
Saavedra No. 255, Colonia Ampliacion Granada, Mexico D.F. CP
11520, Mexico.
(c) Principal Business.
(i) The principal business of Inmobiliaria is to act as a holding
company with interests in the real estate industry and other
investments and as the sole member of Orient.
(ii) The principal business of Orient is making and managing
investments in securities of several companies.
(iii) The principal business of USCC is to act as a holding company
with interests in companies in the retail sector and as the
sole member of Commercial.
(iv) The principal business of Commercial is making and managing
investments in securities of several companies.
(d) None of the Reporting Entities, nor, to the best of their knowledge,
any of the persons or entities described in Schedule I of this Schedule 13D has,
during the last five years, been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors).
(e) None of the Reporting Entities nor, to the best of their knowledge, any
of the persons or entities described in Schedule I of this Schedule 13D has,
during the last five years, been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
-14-
Item 3. Source and Amount of Funds or Other Consideration.
The total amount of funds utilized to purchase the Company Common Stock
beneficially owned by the Reporting Entities was $155,119,913.00. The funds used
to purchase such shares of Company Common Stock were obtained from the working
capital of certain of the Reporting Entities, margin loans from an affiliate of
the Goldman Sachs Group, Inc. and unsecured short-term promissory notes in favor
of Banco Inbursa, S.A.
Item 4. Purpose of Transaction.
All of the Company Common Stock beneficially owned by the Reporting
Entities was initially acquired for investment purposes. As discussed above,
prior to filing this Schedule 13D, the Slim Family, Inmobiliaria and Orient
jointly filed with the Commission on March 9, 2001 a Statement of Beneficial
Ownership on Schedule 13G with respect to the Company Common Stock, as amended
on February 8, 2002, December 26, 2002 and February 13, 2003, and commencing
with the December 2002 Amendment, USCC and Commercial were included as reporting
persons with respect to the Company Common Stock in such joint filings on
Schedule 13G.
-15-
On June 16, 2003, a representative of the Slim Family telephoned Mr. W.
Alan McCollough, the President and Chief Executive Officer of the Company, to
indicate an interest in pursuing with the Board of Directors of the Company a
transaction under which affiliates of the Reporting Entities would acquire all
the outstanding shares of Company Common Stock not owned by the Reporting
Entities. Such representative proposed, preliminarily, a transaction in which
the shareholders of the Company would receive $8.00 in cash for their shares of
Company Common Stock. The closing price of the Company Common Stock on the New
York Stock Exchange on June 13, 2002, the last full trading day prior to such
contact, was $6.75 per share. The $8.00 per share would be paid through a
combination of a pre-closing dividend to all Company shareholders, immediately
followed by a purchase transaction under which one or more affiliates of the
Reporting Entities would acquire all of the outstanding shares of Company Common
Stock. As an alternative, such representative indicated an interest in
discussing a business combination transaction in which the business of the
Company and certain businesses beneficially owned by certain of the Reporting
Entities, would be combined, with the shareholders of the Company receiving
shares in the combined company and cash having an aggregate value of $8.00 per
share. Any such transaction described above would be subject to completion of
satisfactory due diligence and the negotiation and execution of mutually
acceptable definitive documentation. On June 18, 2003, Mr. McCollough telephoned
the representative of the Slim Family and indicated that the Company's Board of
Directors was not interested in discussing such proposals.
The Reporting Entities intend to evaluate on an ongoing basis their options
with respect to the Company. The Reporting Entities further expressly
-16-
reserve the right to, among other things, and consistent with applicable law:
(i) make additional or different proposals to the Company or modify or withdraw
any proposal; (ii) dispose of all or a portion of the shares of the Company
Common Stock that they beneficially or actually own at any time; (iii) acquire
additional shares of Company Common Stock (whether through open market purchases
or otherwise); or (iv) seek to influence the management or policies of the
Company. Any such action could result in one or more transactions described in
subparagraphs (a) through (j) of the instructions to Item 4 of Schedule 13D.
Item 5. Interest in Securities of the Issuer.
(a) As of the date hereof, (i) Orient Star directly owns 9,145,000 shares
of Company Common Stock (the "Orient Owned Shares"), (ii) Inmobiliaria, as the
sole member of Orient, is deemed to beneficially own indirectly the Orient Owned
Shares owned directly by Orient, and (iii) the Slim Family, which directly and
indirectly owns all of the outstanding voting securities of Inmobiliaria, is
deemed to beneficially own indirectly the Orient Owned Shares deemed indirectly
beneficially owned by Inmobiliaria and which are directly owned by Orient. The
Orient Owned Shares represent approximately 4.4% of the outstanding class of
Company Common Stock, based on a total of 207,197,012 shares of Company Common
Stock outstanding as of April 30, 2003, as represented by the Company in its
Annual Report on Form 10-K (the "Annual Report"), filed with the Commission on
May 27, 2003.
As of the date hereof, (i) Commercial directly owns 9,905,000 shares of
Company Common Stock (the "Commercial Owned Shares"), (ii) USCC, as the sole
member of Commercial, is deemed to beneficially own indirectly the Commercial
Owned Shares owned directly by Commercial, and (iii) the Slim Family, which
directly and indirectly owns a majority of the outstanding voting securities of
USCC, is deemed to
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beneficially own indirectly the Commercial Owned Shares deemed indirectly
beneficially owned by USCC and which are directly owned by Commercial. The
Commercial Owned Shares represent approximately 4.8%, and together with the
Orient Owned Shares represent approximately 9.2%, of the outstanding class of
Company Common Stock, based on a total of 207,197,012 shares of Company Common
Stock outstanding as of April 30, 2003, as represented by the Company in the
Annual Report.
(b) None of the Reporting Entities has the sole power either to vote (or
direct the vote) or to dispose (or direct the disposition) of the 19,050,000
shares of Company Common Stock reported herein. The Reporting Entities have
shared power to vote (or direct the vote) or to dispose (or direct the
disposition) of all 19,050,000 shares of Company Common Stock reported in this
Schedule 13D.
(c) During the last 60 days, there were no transactions effected in the
Company Common Stock by the Reporting Entities or by any of the persons set
forth on Schedule I of this Schedule 13D.
(d) Except as set forth in this Item 5, no person other than each
respective record owner of the Company Common Stock referred to in this Schedule
13D is known to have the right to receive or the power to direct the receipt of
dividends from, or the proceeds from the sale of the Company Common Stock.
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(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer.
The Reporting Entities have entered into agreements, attached to this
Schedule 13D as Exhibit 1 and Exhibit 2, with respect to the joint filing of
this Schedule 13D, and any amendment or amendments to this Schedule 13D.
Except as referred to above, there are no contracts, arrangements,
understandings or relationships (legal or otherwise) among the persons named in
Item 2 or between such persons and any person with respect to any securities of
the Company.
Item 7. Material to be Filed as Exhibits.
1. The Powers of Attorney dated as of March 5, 2001 and the Joint Filing
Agreement dated as of March 5, 2001, each filed as exhibits to the Schedule 13G
filed by the Slim Family, Inmobiliaria and Orient with the Commission on March
12, 2001 are hereby incorporated by reference.
2. The Powers of Attorney dated as of December 24, 2002 and the Joint
Filing Agreement dated as of December 24, 2002, each filed as exhibits to the
Schedule 13G filed by the Slim Family, USCC and Commercial with the Commission
on December 26, 2002 are hereby incorporated by reference.
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SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: June 26, 2003 *
---------------------------------
Name: Carlos Slim Helu
Dated: June 26, 2003 *
---------------------------------
Name: Carlos Slim Domit
Dated: June 26, 2003 *
---------------------------------
Name: Marco Antonio Slim Domit
Dated: June 26, 2003 *
---------------------------------
Name: Patrick Slim Domit
Dated: June 26, 2003 *
---------------------------------
Name: Maria Soumaya Slim Domit
Dated: June 26, 2003 *
---------------------------------
Name: Vanessa Paola Slim Domit
Dated: June 26, 2003 *
---------------------------------
Name: Johanna Monique Slim Domit
Dated: June 26, 2003 Inmobiliaria Carso, S.A. de C.V.
By: *
------------------------------
Name:
Title:
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Dated: June 26, 2003 ORIENT STAR HOLDINGS LLC
By: Inmobiliaria Carso, S.A. de C.V.,
its sole member
By: *
------------------------------
Name:
Title:
Dated: June 26, 2003 U.S. COMMERCIAL CORP., S.A. DE C.V.
By: *
------------------------------
Name:
Title:
Dated: June 26, 2003 COMMERCIAL LLC
By: U.S. Commercial Corp., S.A. de C.V.,
its sole member
By: *
------------------------------
Name:
Title:
Eduardo Valdes Acra, by signing his name below, signs this document on behalf of
each of the above-named persons specified by an asterisk(*), pursuant to a power
of attorney duly executed by each such person, and filed with the Commission on
the date set forth above under Item 7.
/s/ Eduardo Valdes Acra
---------------------------------
Eduardo Valdes Acra
Attorney-in-fact
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SCHEDULE I
Set forth below is the name, business address, citizenship, position and
present principal occupation of the Slim Family and each of the executive
officers and directors of Inmobiliaria Carso, S.A. de C.V. and U.S. Commercial
Corp., S.A. de C.V. Except as indicated below, each such person is a Mexican
citizen.
THE SLIM FAMILY
---------------
Except as otherwise indicated below, the business address of each such
person is Paseo de las Palmas 736, Colonia Lomas de Chapultepec, 11000 Mexico
D.F., Mexico.
Name Principal Occupation
---- --------------------
Carlos Slim Helu Chairman of the Board of Telefonos de Mexico, S.A. de C.V.
Carlos Slim Domit Chief Executive Officer of Grupo Sanborns, S.A. de C.V.
Marco Antonio Slim Domit Chief Executive Officer of Grupo Financiero Inbursa, S.A. de C.V.
Patrick Slim Domit Director Comercial de Mercado Masivo of Telefonos de Mexico, S.A. de C.V.
Maria Soumaya Slim Domit Private Investor
Vanessa Paola Slim Domit Private Investor
Johanna Monique Slim Domit Private Investor
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EXECUTIVE OFFICERS AND DIRECTORS
OF Inmobiliaria Carso, S.A. de C.V.
-----------------------------------
Except as otherwise indicated below, the business address of each such
person is Insurgentes Sur #3500, PB-4, Colonia Pena Pobre 14060 Mexico D.F.,
Mexico.
NAME OCCUPATION IN THE PRESENT PRINCIPAL
COMPANY OCCUPATION
Carlos Slim Helu Chairman of the Board Chairman of the Board of Telefonos
de Mexico, S.A. de C.V.
Marco Antonio Slim Domit Member of the Board Chief Executive Officer of Grupo
Financiero Inbursa, S.A. de C.V.
Carlos Slim Domit Member of the Board Chief Executive Officer of Grupo
Sanborns, S.A. de C.V.
Patrick Slim Domit Member of the Board Director Comerical de Mercado Masivo
of Telefonos de Mexico, S.A. de C.V.
Vanessa Paola Slim Domit Member of the Board Private Investor
Johanna Monique Slim Domit Member of the Board Private Investor
Maria Soumaya Slim Domit Member of the Board Private Investor
Raul Humberto Zepeda Ruiz Secretary of the General Counsel of Grupo Financiero
Board Inbursa, S.A. de C.V.
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EXECUTIVE OFFICERS AND, DIRECTORS
OF U.S. Commercial Corp., S.A. de C.V.
--------------------------------------
Except as otherwise indicated below, the business address of each such
person is Miguel de Cervantes Saavedra No. 255, Col. Ampliacion Granada Mexico
D.F., CP 11520, Mexico.
NAME PRESENT PRINCIPAL OCCUPATION
PROPRIETARY MEMBERS
Carlos Slim Domit Chairman of the Board of Telefonos de Mexico, S.A. de C.V.
Angel Eduardo Peralta Rosado Vice President of Grupo Sanborns, S.A. de C.V.
Rafael Moises Kalach Mizrahi Chairman and General Manager of Grupo Kaltex
Agustin Santamarina Vazquez Off-counsel of Santamarina y Steta, S.C.
Patrick Slim Domit Director Comercial de Mercado Masivo
Telefonos de Mexico, S.A. de C.V.
ALTERNATE MEMBERS
Arturo Elias Ayub Director de Alianzas Estrategicas,
Comunicacion y Relaciones Institucionales
Telefonos de Mexico, S.A. de C.V.
Eduardo Zea Mir Chief Executive Officer of Sears Roebuck de Mexico
Alfonso Salem Slim Chief Executive Officer of Hoteles Calinda
Eduardo Valdes Acra Chief Executive Officer of Inversora Bursatil
Chairman of Banco Inbursa
Daniel Hajj Aboumrad Chief Executive Officer of America Movil
Rafael Robles Miaja Secretary
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