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Macke Jeffrey, et al. – ‘SC 13D/A’ on 4/22/02 re: Alco Stores Inc

On:  Monday, 4/22/02   ·   Accession #:  1116679-2-991   ·   File #:  5-36321

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 4/22/02  Macke Jeffrey                     SC 13D/A               1:21K  Alco Stores Inc                   Paul Hastings LLP/FA
          Jeffrey J. Macke
          Kenneth A. Macke
          Macke Asset Management, LLC

Amendment to General Statement of Beneficial Ownership   —   Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D/A    Amendment No. 1                                        7     33K 


Document Table of Contents

Page (sequential) | (alphabetic) Top
 
11st Page   -   Filing Submission
"Common Stock
5Item 1. Security and Issuer
"Item 2. Identity and Background
"Item 3. Source and amount of Funds or other Consideration
"Item 4. Purpose of Transaction
6Item 5. Interest in Securities of the Issuer
"Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
7Item 7. Material to Be Filed as Exhibits
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendments No. 1)* Duckwall Alco Stores, Inc. -------------------------------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------------------------------- (Title of Class Securities) 264142100 ------------------------------------ (CUSIP Number) Jeffrey Macke Macke Asset Management, LLC, 2001 Union Street, #320, San Francisco, CA 94123 (415) 775-2825 -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications April 11, 2002 -------------------------------------------------------------------------------- (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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. |X| Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7 for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting 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 disclosure 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). Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a current valid OMB control number. Page 1 of 7 Pages
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CUSIP No. 264142100 --------- 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Macke Asset Management, LLC -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) |X|................................................................ ---------------------------------------------------------------- (b) ................................................................... ------------------------------------------------------------------- -------------------------------------------------------------------------------- 3. SEC Use Only............................................................ ------------------------------------------------------------ -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) OO................................... ------------------------------------- -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e)...................................................... ------------------------------------------------------ -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Delaware....................... ---------------------------------- -------------------------------------------------------------------------------- Number of 7. Sole Voting Power 0................................ Shares Bene- -------------------------------------- ficially Owned --------------------------------------------------------------- by Each 8. Shared Voting Power 666,976....................... Reporting ------------------------------------ Person With: --------------------------------------------------------------- 9. Sole Dispositive Power 0 .......................... --------------------------------- --------------------------------------------------------------- 10. Shared Dispositive Power 666,976................... -------------------------------- --------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 666,976...................................................... -------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) .................................................. -------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 16.0%............. -------------------- -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) -------------------------------------------------------------------------------- IA........................................................................... -------------------------------------------------------------------------------- ........................................................................... -------------------------------------------------------------------------------- ........................................................................... -------------------------------------------------------------------------------- ........................................................................... -------------------------------------------------------------------------------- ........................................................................... -------------------------------------------------------------------------------- ........................................................................... -------------------------------------------------------------------------------- ........................................................................... -------------------------------------------------------------------------------- Page 2 of 7 Pages
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CUSIP No. 264142100 --------- 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Jeffrey Macke -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) |X|................................................................ ---------------------------------------------------------------- (b) | |................................................................ ------------------------------------------------------------------- -------------------------------------------------------------------------------- 3. SEC Use Only............................................................ ------------------------------------------------------------ -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) OO................................... ------------------------------------- -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e)...................................................... ------------------------------------------------------ -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization USA............................ ---------------------------------- -------------------------------------------------------------------------------- Number of 7. Sole Voting Power 0................................ Shares Bene- -------------------------------------- ficially Owned --------------------------------------------------------------- by Each 8. Shared Voting Power 666,976....................... Reporting ------------------------------------ Person With: --------------------------------------------------------------- 9. Sole Dispositive Power 0 .......................... --------------------------------- --------------------------------------------------------------- 10. Shared Dispositive Power 666,976................... -------------------------------- --------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 666,976...................................................... -------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) .................................................. -------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 16.0%............. -------------------- -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) -------------------------------------------------------------------------------- IN/HC........................................................................ -------------------------------------------------------------------------------- ........................................................................... -------------------------------------------------------------------------------- ........................................................................... -------------------------------------------------------------------------------- ........................................................................... -------------------------------------------------------------------------------- ........................................................................... -------------------------------------------------------------------------------- ........................................................................... -------------------------------------------------------------------------------- ........................................................................... -------------------------------------------------------------------------------- Page 3 of 7 pages
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CUSIP No. 264142100 --------- 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Kenneth A. Macke -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) |X|................................................................ ---------------------------------------------------------------- (b) | |................................................................ ------------------------------------------------------------------- -------------------------------------------------------------------------------- 3. SEC Use Only............................................................ ------------------------------------------------------------ -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) WC................................... ------------------------------------- -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e)...................................................... ------------------------------------------------------ -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization California..................... ---------------------------------- -------------------------------------------------------------------------------- Number of 7. Sole Voting Power 0................................ Shares Bene- -------------------------------------- ficially Owned --------------------------------------------------------------- by Each 8. Shared Voting Power 425,900....................... Reporting ------------------------------------ Person With: --------------------------------------------------------------- 9. Sole Dispositive Power 0 .......................... --------------------------------- --------------------------------------------------------------- 10. Shared Dispositive Power 425,900................... -------------------------------- --------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 425,900...................................................... -------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) .................................................. -------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 10.3%............. -------------------- -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) -------------------------------------------------------------------------------- HC, IN....................................................................... -------------------------------------------------------------------------------- ........................................................................... -------------------------------------------------------------------------------- ........................................................................... -------------------------------------------------------------------------------- ........................................................................... -------------------------------------------------------------------------------- ........................................................................... -------------------------------------------------------------------------------- ........................................................................... -------------------------------------------------------------------------------- ........................................................................... -------------------------------------------------------------------------------- Page 4 of 7 pages
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Item 1 Security and Issuer This statement relates to Common Stock ("Common Stock"), issued by Duckwall Alco Stores, Inc., a Kansas corporation (the "Issuer"). The address of the principal executive offices of the Issuer is 401 Cottage Street, Abilene, KS 67410. Item 2 Identity and Background Name: Macke Asset Management, LLC ("Adviser") Place of Organization: California Principal Business: Investment Adviser Address: 2001 Union Street, #320, San Francisco, CA 94123 Criminal Proceedings: None Applicable Civil, Judicial or Administrative Proceedings: None Name: Jeffrey Macke Place of Organization: California Principal Business: Investment Advisor Address: 2001 Union Street, #320, San Francisco, CA 94123 Criminal Proceedings: None Applicable Civil, Judicial or Administrative Proceedings: None Citizenship: USA Name: Kenneth A. Macke Place of Organization: California Principal Business: Address: 2001 Union Street, #320, San Francisco Criminal Proceedings: None Applicable Civil, Judicial or Administrative Proceedings: None Citizenship: USA Jeffrey Macke is the controlling and managing member of Adviser. Adviser serves as investment adviser to Kenneth A. Macke. Item 3 Source and amount of Funds or other Consideration The aggregate amount of funds used by Macke Asset Management, LLC to purchase 666,976 shares of Common Stock owned by it was approximately $_____________. Such amount was derived from working capital. The aggregate amount of funds used by Kenneth A. Macke to purchase 425,900 shares of Common Stock owned by it was approximately $_____________. Such amount was derived from working capital. Item 4 Purpose of Transaction Page 5 of 7 Pages
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The Common Stock was originally purchased by the Reporting Persons for passive investment purposes. Subject to availability at prices deemed favorable, the Reporting Persons may acquire additional shares of Common Stock of the Company from time to time in the open market, in privately negotiated transactions or otherwise. The Reporting Persons may dispose of shares of Common Stock of the Company from time to time in the open market, in privately negotiated transactions or otherwise. Except as set forth above, the Reporting Persons has no present plans or intentions that relate to or that would result in any of the transactions described in clauses (a) through (j) of Item 4 of Schedule 13D. Item 5 Interest in Securities of the Issuer (a) As of April 11, 2002, the Reporting Persons directly or indirectly beneficially owned 666,976 shares, or 16.0%, of Common Stock of DUCK (the approximate of the shares of Common Stock owned is based on 4,149,599 shares of common stock outstanding by DUCK on April 11, 2002). (1) Kenneth A. Macke owned 425,900 shares (10.3%) (b) The responses of the Reporting Persons to Items 7 through 11 of the portions of the cover page of this Schedule D which relate to beneficial ownership of shares of the Common Stock are incorporated herein by reference. (c) A list of transactions in the past 60 days. -------------------------------------------------------------------------------- Party Date Amount Bought Price per Where & How (Sold) Share Effected -------------------------------------------------------------------------------- Macke Asset Management 04/11/02 15,000 13.69 Open market -------------------------------------------------------------------------------- Kenneth A. Macke 04/09/02 15,000 13.69 Open market -------------------------------------------------------------------------------- Kenneth A. Macke 04/08/02 7,000 13.69 Open market -------------------------------------------------------------------------------- Macke Asset Management 04/05/02 10,600 13.80 Open market -------------------------------------------------------------------------------- Kenneth A. Macke 04/05/02 5,000 13.80 Open market -------------------------------------------------------------------------------- Kenneth A. Macke 04/04/02 5,000 14.00 Open market -------------------------------------------------------------------------------- Kenneth A. Macke 04/04/02 2,000 14.00 Open market -------------------------------------------------------------------------------- Kenneth A. Macke 04/01/02 500 13.84 Open market -------------------------------------------------------------------------------- Kenneth A. Macke 03/28/02 4,500 13.68 Open market -------------------------------------------------------------------------------- (d) Not Applicable (e) Not Applicable Item 6 Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer Jeffrey Macke controls and manages the Adviser who makes voting and dispositive decisions for Kenneth A. Macke. Page 6 of 7 Pages
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Item 7 Material to Be Filed as Exhibits Not Applicable 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: April 21, 2002 Jeffrey Macke /s/ Jeffrey A. Macke --------------------------------------------- Jeffrey Macke Macke Asset Management, LLC /s/ Jeffrey A. Macke --------------------------------------------- Jeffrey Macke, Managing Member Kenneth A. Macke /s/ Jeffrey A. Macke --------------------------------------------- Jeffrey Macke, Managing Member Macke Asset Management, LLC, Investment Adviser Page 7 of 7 Pages

Dates Referenced Herein   and   Documents Incorporated by Reference

Referenced-On Page
This ‘SC 13D/A’ Filing    Date First  Last      Other Filings
Filed on:4/22/02None on these Dates
4/21/027
4/11/0216
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Filing Submission 0001116679-02-000991   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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