sc13d
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
National R.V. Holdings, Inc.
(Name of Issuer)
COMMON STOCK, $.01 par value
(Title of Class of Securities)
(CUSIP Number)
Tamara R. Wagman
124 E. 4th Street
Tulsa, Oklahoma 74103
(918) 583-9922
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
(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 §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §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 disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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NAMES OF REPORTING PERSONS:
Yorktown Avenue Capital, LLC |
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
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(a) o |
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(b) o |
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SEC USE ONLY: |
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SOURCE OF FUNDS (SEE INSTRUCTIONS): |
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See Item 3 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): |
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o |
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CITIZENSHIP OR PLACE OF ORGANIZATION: |
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Oklahoma
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7 |
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SOLE VOTING POWER: |
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| NUMBER OF |
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635,108 |
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| SHARES |
8 |
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SHARED VOTING POWER: |
| BENEFICIALLY |
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| OWNED BY |
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-0- |
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| EACH |
9 |
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SOLE DISPOSITIVE POWER: |
| REPORTING |
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| PERSON |
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635,108 |
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| WITH |
10 |
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SHARED DISPOSITIVE POWER: |
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-0- |
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| 11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: |
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635,108 |
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| 12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): |
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o
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| 13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): |
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6.1% |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): |
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OO (Limited Liability Company) |
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| 1 |
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NAMES OF REPORTING PERSONS:
Value Fund Advisors, LLC |
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
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| 2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
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(a) o |
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(b) o |
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| 3 |
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SEC USE ONLY: |
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| 4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS): |
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See Item 3 |
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| 5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): |
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o |
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CITIZENSHIP OR PLACE OF ORGANIZATION: |
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Oklahoma
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7 |
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SOLE VOTING POWER: |
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| NUMBER OF |
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635,108 |
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| SHARES |
8 |
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SHARED VOTING POWER: |
| BENEFICIALLY |
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| OWNED BY |
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-0- |
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| EACH |
9 |
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SOLE DISPOSITIVE POWER: |
| REPORTING |
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| PERSON |
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635,108 |
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| WITH |
10 |
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SHARED DISPOSITIVE POWER: |
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-0- |
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| 11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: |
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635,108 |
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| 12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): |
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o
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| 13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): |
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6.1% |
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| 14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): |
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OO (Limited Liability Company) |
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| 1 |
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NAMES OF REPORTING PERSONS:
Charles M. Gillman |
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
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| 2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
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(a) o |
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(b) o |
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| 3 |
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SEC USE ONLY: |
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| 4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS): |
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See Item 3 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): |
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o |
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CITIZENSHIP OR PLACE OF ORGANIZATION: |
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United States of America
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SOLE VOTING POWER: |
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| NUMBER OF |
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635,108 |
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| SHARES |
8 |
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SHARED VOTING POWER: |
| BENEFICIALLY |
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| OWNED BY |
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-0- |
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| EACH |
9 |
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SOLE DISPOSITIVE POWER: |
| REPORTING |
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| PERSON |
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635,108 |
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| WITH |
10 |
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SHARED DISPOSITIVE POWER: |
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-0- |
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| 11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: |
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635,108 |
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| 12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): |
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o
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| 13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): |
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6.1% |
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| 14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): |
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IN |
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| CUSIP NO. 205908106
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SCHEDULE 13D |
Item 1. Security and Issuer
This Schedule 13D relates to shares of Common Stock, $.01 par value (the “Common Stock”) of
National R.V. Holdings, Inc., a Delaware corporation (the “Issuer”). The principal executive office
and mailing address of the Issuer is 100 West Sinclair Street, Perris, California 92511.
Item 2. Identity and Background
This Schedule 13D is being filed by Yorktown Avenue Capital, LLC (“Yorktown”), a limited liability
company, managed by Value Fund Advisors, LLC (“VFA”)and Charles Gillman, the manager and a member
of VFA.
Yorktown’s principal business is business investment. VFA’s principal business is investment
management.
The principal business office addresses of Yorktown, VFA and Gillman are 415 South Boston,
9th Floor, Tulsa, Oklahoma 74103.
None of the entities or persons identified in this Item 2 has, during the past five years, been
convicted of any criminal proceeding (excluding traffic violations or similar misdemeanors), nor
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.
Item 3. Source and Amount of Funds or Other Consideration
The source of funds for the purchases of securities was the working capital of Yorktown in the
total amount of $1,957,457.
Item 4. Purpose of Transaction
The purpose of the acquisition of the Common Stock is for investment, and the acquisitions of the
Common Stock were made in the ordinary course of business and were not made for the purpose of
acquiring control of the Issuer.
Although no Reporting Person has any specific plan or proposal to acquire or dispose of the Common
Stock, consistent with its investment purpose, each Reporting Person at any time and from time to
time may acquire additional Common Stock or dispose of any or all of its Common Stock depending
upon an ongoing evaluation of the investment in the Common Stock, prevailing market conditions,
other investment opportunities, liquidity requirements of the Reporting Persons, and/or other
investment considerations.
Also, consistent with the investment purpose, the Reporting Persons may
engage in communications with one or more shareholders of the Issuer, one or more officers of the
Issuer and/or one or more members of the board of directors of the Issuer and/or one or more
representatives of the Issuer regarding the Issuer, including but not limited to its operations.
The Reporting Persons may discuss ideas that, if effected may result in any of the following: the
acquisition by persons of additional Common Stock of the Issuer, an extraordinary corporate
transaction involving the Issuer, and/or changes in the board of directors or management of the
Issuer.
Except to the extent the foregoing may be deemed a plan or proposal, none of the Reporting Persons
has any plans or proposals which relate to, or could result in, any of the matters referred to in
paragraphs (a) through (j), inclusive, of the instructions to Item 4 of Schedule 13D. The Reporting
Persons may, at any time and from time to time, review or reconsider their position and/or change
their purpose and/or formulate plans or proposals with respect thereto.
Item 5. Interest in Securities of the Issuer
(a), (b) According to the Issuer’s latest 10-K there were 10,339,484 shares of Common Stock issued
and outstanding as of March 19, 2007. Based on such information, after taking into account the
transactions described in Item 5(c) below, the Reporting Persons report beneficial ownership of
635,108 shares of Common Stock held directly by Yorktown. Voting and investment power concerning
the above shares are held solely by Yorktown.
Although Charles M. Gillman and VFA are joining in this Schedule as Reporting Persons, the filing
of this Schedule shall not be construed as an admission that any of them are, for any purpose, the
beneficial owner of any of the securities that are beneficially owned by Yorktown
c) During the last 60 days, the Reporting Persons purchased or sold the following shares of Common
Stock in the open market:
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| Trade |
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Price |
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| Date |
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Quantity |
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Per Share |
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Bought/Sold |
02/06/2007 |
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127,000 |
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3.74 |
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Buy |
02/16/2007 |
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1,000 |
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3.25 |
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Sell |
02/20/2007 |
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300,000 |
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2.99 |
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Buy |
02/28/2007 |
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11,850 |
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3.21 |
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Sell |
03/01/2007 |
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17,188 |
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3.20 |
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Sell |
03/05/2007 |
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500 |
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3.09 |
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Sell |
03/22/2007 |
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135,370 |
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1.98 |
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Buy |
03/23/2007 |
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103,276 |
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2.00 |
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Buy |
(d) and (e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the
Issuer
None of the Reporting Persons is a party to any contract, arrangement, understanding or
relationship with respect to any securities of the Issuer.
Item 7. Material to be Filed as Exhibits
Exhibit A Joint Filing Undertaking.
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: April 5, 2007
YORKTOWN AVENUE CAPITAL, LLC
/s/ Charles M. Gillman
By: Charles M. Gillman, Manager
VALUE FUND ADVISORS, LLC
/s/ Charles M. Gillman
By: Charles M. Gillman, Manager
/s/ Charles M. Gillman
Charles M. Gillman
Exhibit A
JOINT FILING UNDERTAKING
The undersigned, being duly authorized thereunto, hereby execute this agreement as an exhibit to
this Schedule 13D to evidence the agreement of the below-named parties, in accordance with the
rules promulgated pursuant to the Securities Exchange Act of 1934, to file this Schedule jointly on
behalf of each such party.
Signature Block
YORKTOWN AVENUE CAPITAL, LLC
/s/ Charles M. Gillman
By: Charles M. Gillman, Manager
VALUE FUND ADVISORS, LLC
/s/ Charles M. Gillman
By: Charles M. Gillman, Manager
/s/ Charles M. Gillman
Charles M. Gillman