SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
(Rule 13d-101)
Amendment No. 9
Information to be Included in Statements Filed
Pursuant to Rule 13d-1(a) and Amendments Thereto
Filed Pursuant to Rule 13d-2(a)
Assisted Living Concepts, Inc.
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(Name of Issuer)
Common Stock
------------
(Title of Class of Securities)
04543L109
---------
(CUSIP Number)
Lawrence D. Rovin, Esquire
Klehr, Harrison, Harvey, Branzburg & Ellers LLP
260 South Broad Street
Philadelphia, PA 19102
(215) 569-2898
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
June 13, 2003
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(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 Rule 13d-l(e), 13d-1(f) or 13d-1(g), check the following
box: |_|
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CUSIP No. 04543L109 13D Page 2 of 6 Pages
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1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY):
BET ASSOCIATES, L.P.
23-2957243
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) |_|
(b) |X|
----------- --------------------------------------------------------------------
3. SEC USE ONLY
----------- --------------------------------------------------------------------
4. SOURCE OF FUNDS:
AF
----------- --------------------------------------------------------------------
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
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NUMBER OF 7. SOLE VOTING POWER
SHARES 492,473 shares of common stock
BENEFICIALLY ------------- -------------------------------------
OWNED BY
EACH 8. SHARED VOTING POWER
REPORTING -0- Shares
PERSON ------------- -------------------------------------
WITH
9. SOLE DISPOSITIVE POWER
492,473 shares of common stock
------------- -------------------------------------
10. SHARED DISPOSITIVE POWER
-0- Shares
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
492,473 Shares of Common Stock
----------- --------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES:
|_|
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.65%
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14. TYPE OF REPORTING PERSON
PN
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CUSIP No. 04543L109 13D Page 3 of 6 Pages
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1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY):
BRU Holding Company Inc., LLC ("BRU")
52-2059411
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) |_|
(b) |X|
----------- --------------------------------------------------------------------
3. SEC USE ONLY
----------- --------------------------------------------------------------------
4. SOURCE OF FUNDS:
AF
----------- --------------------------------------------------------------------
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
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NUMBER OF 7. SOLE VOTING POWER
SHARES
BENEFICIALLY 597,567 shares of common stock (represents
OWNED BY 492,473 shares of common stock held by BET
EACH Associates L.P. ("BET") and 105,094 shares of
REPORTING common stock held by BRU)
PERSON
WITH ------ ------------------------------------------------
8. SHARED VOTING POWER
-0- Shares
------ ------------------------------------------------
9. SOLE DISPOSITIVE POWER
597,567 shares of common stock (represents
492,473 shares of common stock held by BET and
105,094 shares of common stock held by BRU)
------ ------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0- Shares
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
597,567 (represents 492,473 shares of common stock hold by BET and
105,094 shares of common stock held by BRU)
----------- --------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES:
|_|
----------- --------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.29%
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14. TYPE OF REPORTING PERSON
OO
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CUSIP No. 04543L109 13D Page 4 of 6 Pages
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1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY):
BRUCE E. TOLL
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) |_|
(b) |X|
----------- --------------------------------------------------------------------
3. SEC USE ONLY
----------- --------------------------------------------------------------------
4. SOURCE OF FUNDS:
PF
----------- --------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e):
|_|
----------- --------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION:
UNITED STATES OF AMERICA
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NUMBER OF 7. SOLE VOTING POWER
SHARES
BENEFICIALLY 1,110,426 (represents 492,473 shares of common
OWNED BY stock held by BET Associates, L.P. ("BET"),
EACH 105,094 shares held by BRU Holdings Company,
REPORTING Inc., LLC ("BRU"), 3,492 shares held by Mr.
PERSON Toll's daughter Jennifer Toll and 509,367
WITH shares of common stock held by Mr. Toll.
------ ------------------------------------------------
8. SHARED VOTING POWER
-0- Shares
------ ------------------------------------------------
9. SOLE DISPOSITIVE POWER
1,110,426 (represents 492,473 shares of common
stock held by BET, 105,094 shares held by BRU,
3,492 shares held by Mr. Toll's daughter
Jennifer Toll and 509,367 shares of common
stock held by Mr. Toll.
------ ------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0- Shares
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,110,426 (represents 492,473 shares of common stock held
by BET, 105,094 shares of common stock held by BRU, 3,492
shares held by Mr. Toll's daughter Jennifer Toll and
509,367 shares of common stock held by Mr. Toll).
----------- --------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES:
|_|
----------- --------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.26%
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14. TYPE OF REPORTING PERSON
IN
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CUSIP No. 04543L109 13D Page 5 of 6 Pages
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This Amendment No. 9 to Schedule 13D is being filed by (i) BET
Associates, L.P., with respect to shares beneficially owned by BET; (ii) by BRU
Holdings Company Inc., LLC with respect to the shares beneficially owned by BET
and BRU and (iii) Bruce E. Toll with respect to shares beneficially owned by Mr.
Toll, BET and BRU (collectively, the "Filing Persons"). This Amendment No. 9 to
Schedule 13D amends and supplements Item 4 of the original Schedule 13D dated
October 14, 1999, Amendment No. 1 to the Schedule 13D dated October 14, 1999,
Amendment No. 2 to the Schedule 13D dated November 14, 2000, Amendment No. 3 to
the Schedule 13D dated November 21, 2000, Amendment No. 4 to the Schedule 13D
dated July 12, 2001, Amendment No. 5 to the Schedule 13D dated November 20,
2001, Amendment No. 6 to the Schedule 13D dated December 17, 2001, Amendment No.
7 to the Schedule 13D dated January 2, 2003 and Amendment No. 8 to the Schedule
13D dated March 17, 2003. Each capitalized term used herein and not otherwise
defined has the meaning given such term in the original Schedule 13D.
ITEM 4. PURPOSE OF TRANSACTION.
The Filing Persons have acquired the Company's securities for
investment purposes. The Filing Persons are currently evaluating their position
and possible alternative future courses of action, including the possibility of
seeking to acquire control of the Company, although they have not formulated any
specific plan or proposal.
Depending upon the course of action that the Filing Persons pursue, the
Filing Persons may increase their investment in the Company through the
acquisition of additional shares of Common Stock or other securities of the
Company in the open market or otherwise, subject to availability at prices
deemed favorable by the Filing Persons, or may sell or otherwise dispose of any
or all of the shares of Common Stock or other securities of the Company
beneficially owned by them. Although the foregoing represents the range of
activities presently contemplated by the Filing Persons with respect to the
Company and the Common Stock and such other securities, it should be noted that
the possible activities of the Filing Persons are subject to change at any time,
and there is no assurance that the Filing Persons will seek to influence or
obtain control of the Company. Except as set forth above, the Filing Persons
have no present plans or intentions that would result in or relate to any of the
transactions described in subparagraphs (a) through (j) of Item 4 of Schedule
13D.
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CUSIP No. 04543L109 13D Page 6 of 6 Pages
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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.
Dated: June , 2003
BET ASSOCIATES, L.P.
By: BRU HOLDINGS COMPANY INC., LLC
Its General Partner
By: Bruce E. Toll
-------------------------
Bruce E. Toll
Member
BRU HOLDINGS COMPANY INC., LLC
By: Bruce E. Toll
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Bruce E. Toll
Member
Bruce E. Toll
------------------------
BRUCE E. TOLL