UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
CONCORD CAMERA CORP.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
206156200
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(CUSIP Number)
Emily Mason
Covington & Burling LLP
One Front Street, 35th Floor
San Francisco, CA 94111
Telephone: (415) 591-7062
Facsimile: (415) 955-6562
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 19, 2008
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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-1(e), 13d-1(f) or 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 Rule 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).
CUSIP No. 206156200
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Daniel Zeff
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) N/A
5. Check if Disclosure of Legal Proceedings Is Required Pursuant
to Items 2(d) or 2(e) [ ].
6. Citizenship or Place of Organization United States
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7. Sole Voting Power 496,494
8. Shared Voting Power None
9. Sole Dispositive Power 496,494
10.
Shared Dispositive Power None
11. Aggregate Amount Beneficially Owned by Each Reporting Person
496,494
12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions) [ ]
13. Percent of Class Represented by Amount in Row (11) 8.4%
14.
Type of Reporting Person (See Instructions)
IN
CUSIP No. 206156200
1. Names of Reporting Persons. I.R.S. Identification Nos. of
above persons (entities only).
Spectrum Galaxy Fund Ltd.
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) N/A
5. Check if Disclosure of Legal Proceedings Is Required Pursuant
to Items 2(d) or 2(e) [ ]
6. Citizenship or Place of Organization British Virgin Islands
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7. Sole Voting Power 187,635
8. Shared Voting Power None
9. Sole Dispositive Power 187,635
10. Shared Dispositive Power None
11. Aggregate Amount Beneficially Owned by Each Reporting Person
187,635
12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions) [ ]
13. Percent of Class Represented by Amount in Row (11) 3.2%
14. Type of Reporting Person (See Instructions) CO
CUSIP No. 206156200
1. Names of Reporting Persons. I.R.S. Identification Nos. of
above persons (entities only).
Zeff Capital Partners I, L.P.
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) N/A
5. Check if Disclosure of Legal Proceedings Is Required Pursuant
to Items 2(d) or 2(e) [ ].
6. Citizenship or Place of Organization Delaware
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7. Sole Voting Power 308,859
8. Shared Voting Power None
9. Sole Dispositive Power 308,859
10.
Shared Dispositive Power None
11. Aggregate Amount Beneficially Owned by Each Reporting Person
308,859
12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions) [ ]
13. Percent of Class Represented by Amount in Row (11) 5.2%
14. Type of Reporting Person (See Instructions) PN
CUSIP No. 206156200
[GRAPHIC OMITTED]
1. Names of Reporting Persons. I.R.S. Identification Nos. of
above persons (entities only).
Zeff Holding Company, 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) N/A
5. Check if Disclosure of Legal Proceedings Is Required Pursuant
to Items 2(d) or 2(e) [ ].
6. Citizenship or Place of Organization Delaware
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7. Sole Voting Power 308,859
8. Shared Voting Power None
9. Sole Dispositive Power 308,859
10. Shared Dispositive Power None
11. Aggregate Amount Beneficially Owned by Each Reporting Person
308,859
12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions) [ ]
13. Percent of Class Represented by Amount in Row (11) 5.2%
14. Type of Reporting Person (See Instructions) OO
SCHEDULE 13D
Item 1. Security and Issuer
This statement on Schedule 13D relates to the common stock
(the "Common Stock") of Concord Camera Corp.(the "Company"), a New Jersey
corporation. The address of the Company's principal executive offices is 4000
Hollywood Boulevard, 6th Floor, North Tower, Hollywood, FL 33021.
Item 2. Identity and Background
(a) This Statement is filed as a joint statement pursuant to Rule
13d-1(k) promulgated under the Securities Exchange Act of 1934 (the
"Exchange Act") by Zeff Holding Company, LLC, a Delaware limited
liability company ("Holding"), Zeff Capital Partners I, L.P., a
Delaware limited partnership ("Capital"), Spectrum Galaxy Fund Ltd., a
company incorporated in the British Virgin Islands ("Spectrum") and
Daniel Zeff, and individual ("Zeff") (Holding, Capital, Spectrum and
Zeff are hereinafter collectively referred to as the Reporting
Persons). Mr. Zeff provides discretionary investment management
services to Zeff Capital Offshore Fund, a class of shares of Spectrum.
Mr. Zeff is the sole manager and member of Holding, which in turn
serves as the general partner for Capital. Accordingly, the Reporting
Persons are making a group filing because, due to the relationship
between them, the Reporting Persons may be deemed to constitute a
"group" for purposes of Section 13(d)(3) of the Exchange Act.
(b) The address of the principal business and principal office of
each of the Reporting Persons is 50 California Street, Suite 1500, San
Francisco, CA 94111.
(c) The principal business of Mr. Zeff is that of investing in
securities in his capacity as investment manager for Zeff Capital
Offshore Fund and as sole manager of Holding. The principal business
of Spectrum is that of investing in securities. The principal business
of Capital is that of an investment partnership. The principal
business of Holding is acting as general partner for Capital.
(d) None of the Reporting Persons has during the last five years,
been convicted in a criminal proceeding (excluding traffic violations
or similar misdemeanors).
(e) None of the Reporting Persons 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
thereto.
(f) Mr. Zeff is a citizen of the United States. Spectrum is
organized under the laws of the British Virgin Islands. Capital and
Holdings are organized under the laws of the State of Delaware.
Item 3. Source and Amount of Funds or Other Consideration.
This statement is not being filed in connection with any sale or
purchase of Common Stock by the Reporting Persons.
SCHEDULE 13D
Item 4. Purpose of Transaction.
The Reporting Persons are disappointed in the Board's failure to
execute a strategic plan. Delays in the strategic review process are damaging
shareholder value as the company continues to lose cash from operations. We
urge the Board to begin an immediate liquidation and/or sale and to distribute
all remaining assets to the shareholders of Concord Camera Corp.
The Reporting Persons may acquire additional Common Stock of the
Company or dispose of Common Stock of the Company at any time and from time to
time in the open market, in privately negotiated transactions or otherwise.
The Reporting Persons may also seek Board and Management changes. Although the
foregoing represents the range of activities presently contemplated by the
Reporting Persons, the scope of possible activities is subject to change.
Item 5. Interest in Securities of the Issuer.
(a) The aggregate percentage of the outstanding shares of Common
Stock reported owned by each Reporting Person is based upon
5,913,610 shares of Common Stock outstanding as of May 9,
2008, as reported in the Company's Form 10-Q for the quarter
ended March 29, 2008.
As of the close of business on May 16, 2008:
(i) Spectrum beneficially owns 187,635 shares of Common
Stock constituting approximately 3.2% of the shares
of Common Stock outstanding;
(ii) Capital beneficially owns 308,859 shares of Common
Stock constituting approximately 5.2% of the shares
of Common Stock outstanding;
(iii) Holding beneficially owns 308,859 shares of Common
Stock held by Capital, of which Holding is the
general partner, constituting approximately 5.2% of
the shares of Common Stock outstanding; and
(iv) Mr. Zeff beneficially owns 496,494 shares of Common
Stock comprised of 187,635 shares of Common Stock
held by Spectrum (Mr. Zeff provides discretionary
investment management services to Zeff Capital
Offshore Fund, a class of shares of Spectrum) and
308,859 shares of Common Stock held by Capital (Mr.
Zeff is the sole manger of Capital's general
partner), in total constituting approximately 8.4% of
the shares of Common Stock outstanding;
(b) Spectrum has the sole power to vote or to direct the vote and
to dispose or to direct the disposition of the 187,635 shares
of Common Stock reported herein as being beneficially owned by
it, which power is exercisable by Mr. Zeff as investment
manager. Capital has the sole power to vote or to direct the
vote and to dispose or to direct the disposition of the
308,859 shares of Common Stock reported herein as being
beneficially owned by it, which power is exercisable by Mr.
Zeff as the sole manager of Holding, Capital's general
partner.
(c) None.
(d) No other person has the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the
sale of, the Common Stock.
(e) N/A
Item 6. Contracts, Arrangements, Understandings or Relationships with
respect to Securities of the Issuer.
None.
Item 7. Material to be Filed as Exhibits.
Exhibit 99.1: Joint Filing Agreement, dated as of May 16, 2008,
by and among the Reporting Persons.
SIGNATURES
After reasonable inquiry and to the best of their knowledge and behalf, the
undersigned certify that the
information set forth in this statement is true, complete and correct.
Dated: May 20, 2008
/s/ Daniel Zeff
_______________________________
Daniel Zeff
ZEFF HOLDING COMPANY, LLC
By:/s/ Daniel Zeff
_______________________________
Name: Daniel Zeff
Title: Manager
ZEFF CAPITAL PARTNERS I, L.P.
By: Zeff Holding Company, LLC,
as general partner
By:/s/ Daniel Zeff
_______________________________
Name: Daniel Zeff
Title: Manager
SPECTRUM GALAXY FUND LTD.
By: /s/ Dion R. Friedland
_______________________________
Name: Dion R. Friedland
Title: Director
Exhibit 99.1
Joint Filing Agreement
In accordance with Rule 13d-1(k) under the Securities Exchange Act of
1934, as amended, the undersigned hereby agree to the joint filing on
behalf of each of them of a statement on Schedule 13D with respect to
the Common Stock of Concord Camera Corp., and that this Agreement be
included as an Exhibit to such joint filing. This Agreement may be
executed in any number of counterparts all of which taken together
shall constitute one and the same instrument.
In witness hereof, the undersigned hereby executed this Agreement this
20th day of May, 2008.
/s/ Daniel Zeff
_______________________________
Daniel Zeff
ZEFF HOLDING COMPANY, LLC
By: /s/ Daniel Zeff
_______________________________
Name: Daniel Zeff
Title: Manager
ZEFF CAPITAL PARTNERS I, L.P.
By: Zeff Holding Company, LLC,
as general partner
By: /s/ Daniel Zeff
_______________________________
Name: Daniel Zeff
Title: Manager
SPECTRUM GALAXY FUND LTD.
By: /s/ Dion R. Friedland
_______________________________
Name: Dion R. Friedland
Title: Director