SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
E Com Ventures, Inc.
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(Name of Issuer)
Common Stock, par value $.01
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(Title of Class of Securities)
26830K-20-5
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(CUSIP Number)
Ilia Lekach
137 Golden Beach Drive
Golden Beach, FL 33160
(305) 933-9147
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
January 30, 2004
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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 ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box ?.
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.
(Page 1 of 9 Pages)
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NAME OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Ilia Lekach
--------- --------------------------------------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) |X|
(b) |_|
--------- --------------------------------------------------------------------------------------------------------------
SEC USE ONLY
3
--------- --------------------------------------------------------------------------------------------------------------
SOURCE OF FUNDS
4
PF
--------- --------------------------------------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_|
5
--------- --------------------------------------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
---------------------------- --------- ---------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
SHARES 150,000
BENEFICIALLY --------- ---------------------------------------------------------------------------------
OWNED BY SHARED VOTING POWER
EACH 8
REPORTING -0-
PERSON WITH --------- ---------------------------------------------------------------------------------
SOLE DISPOSITIVE POWER
9
150,000
--------- ---------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
10
-0-
---------------------- -------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
150,000
---------------------- -------------------------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |X|
12
---------------------- -------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.2%
---------------------- -------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
---------------------- -------------------------------------------------------------------------------------------------
---------------------- -------------------------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Pacific Investment Group, Inc.
---------------------- -------------------------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2
(a) |X|
(b) |_|
---------------------- -------------------------------------------------------------------------------------------------
SEC USE ONLY
3
---------------------- -------------------------------------------------------------------------------------------------
SOURCE OF FUNDS
4
WC
---------------------- -------------------------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
5
---------------------- -------------------------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Florida
---------------------------- --------- ---------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
SHARES -0-
BENEFICIALLY --------- ---------------------------------------------------------------------------------
OWNED BY SHARED VOTING POWER
EACH 8
REPORTING -0-
PERSON WITH --------- ---------------------------------------------------------------------------------
SOLE DISPOSITIVE POWER
9
-0-
--------- ---------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
10
-0-
---------------------- -------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
-0-
---------------------- -------------------------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |X|
12
---------------------- -------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
0%
---------------------- -------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
---------------------- -------------------------------------------------------------------------------------------------
---------------------- -------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES
ONLY) IZJD Corp.
---------------------- -------------------------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) |X|
(b) |_|
---------------------- -------------------------------------------------------------------------------------------------
SEC USE ONLY
3
---------------------- -------------------------------------------------------------------------------------------------
SOURCE OF FUNDS
4
WC
---------------------- -------------------------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_|
5
---------------------- -------------------------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Florida
---------------------------- --------- ---------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
SHARES -0-
BENEFICIALLY --------- ---------------------------------------------------------------------------------
OWNED BY SHARED VOTING POWER
EACH 8
REPORTING -0-
PERSON WITH --------- ---------------------------------------------------------------------------------
SOLE DISPOSITIVE POWER
9
-0-
--------- ---------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
10
-0-
---------------------- -------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
-0-
---------------------- -------------------------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
---------------------- -------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
-0-
---------------------- -------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
---------------------- -------------------------------------------------------------------------------------------------
This amendment (the "Amendment"), to the Statement on Schedule 13D, dated
October 31, 1994 (the "Schedule 13D"), is being filed on behalf of Ilia Lekach
("Lekach"), Pacific Investment Group, Inc., a Florida corporation ("Pacific"),
and IZJD Corp., a Florida corporation ("IZJD") (Lekach, Pacific and IZJD
hereinafter, the "Reporting Persons"). Nothing contained in this Amendment shall
be construed as an admission that any of the Reporting Persons is the beneficial
owner any of the other Reporting Persons' shares of Common Stock, par value $.01
per share of E Com Ventures, Inc., a Florida corporation (the "Issuer"), and
each Reporting Person expressly disclaims the beneficial ownership of such
shares beneficially owned by the other Reporting Persons.
ITEM 1. SECURITY AND ISSUER.
Item 1 is hereby amended to read as follows:
This statement relates to the shares of Common Stock, par value $.01 per
share (the "Shares"), of the Issuer.
The principal executive offices of the Issuer are located at 251
International Parkway, Sunrise, Florida 33325.
ITEM 2. IDENTITY AND BACKGROUND.
Item 2 is hereby amended to read as follows:
This Statement is being filed by Lekach, a citizen of the United States
residing at 137 Golden Beach Drive, Golden Beach, Florida 33160. Prior to
February 10, 2004, Mr. Lekach was the Chairman of the Board and Chief Executive
Officer of the Issuer. Mr. Lekach is currently Chairman of the Board and Chief
Executive Officer of Parlux Fragrances, Inc., a company engaged in the creation,
design, manufacture, distribution and sale of fragrances and beauty related
products, having its principal executive offices at 3725 S.W. 30th Avenue, Ft.
Lauderdale, Florida 33312.
Lekach is also an officer and a director of both Pacific and IZJD. IZJD is
a corporation wholly owned by Lekach, his spouse and children. Pacific is a
corporation in which Lekach owns a controlling interest. Both Pacific and IZJD
are Florida corporations, having an address at 3725 S.W. 30th Avenue, Ft.
Lauderdale, Florida 33312.
None of the Reporting Persons have, during the last five years, been (i)
convicted of a criminal proceeding (excluding traffic violations or similar
misdemeanors), or (ii) a party to 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.
Item 3 is hereby amended by adding the following information:
See the description in Item 4.
ITEM 4. PURPOSE OF TRANSACTION.
Item 4 is hereby amended by adding the following information:
Effective January 30, 2004, Lekach, Mrs. Deborah Lekach (Lekach's wife),
IZJD, and Pacific entered into an Option Agreement (the "Agreement"), with
Stephen Nussdorf and Glenn Nussdorf (the "Nussdorfs"), pursuant to which the
Nussdorfs were granted options to acquire up to an aggregate 720,954 Shares of
Common stock of the Issuer, beneficially owned by Lekach, Mrs. Deborah Lekach,
IZJD and Pacific, for a purchase price of $12.70 per Share in the installments
indicated on or after the dates set forth in the table below:
Date Number of Shares
--------------------- ----------------------
January 30, 2004 433,070
March 15, 2004 162,884
April 23, 2004 125,000
The purchase price for the Shares to be acquired by the Nussdorfs under
the Agreement was payable in cash; provided that the Nussdorfs may have elected
to pay a portion of the purchase price for the Shares that were subject to the
option installment that first became exercisable in April 2004, by offsetting
the principal and accrued interest then owed under a $1,000,000 demand note,
dated December 8, 2003, made by Lekach and payable to the order of Stephen
Nussdorf.
Of the 720,954 Shares subject to the Agreement, up to an aggregate 443,750
Shares were issuable upon exercise of certain stock options owned of record by
Lekach, including 125,000 options required to be issued to Lekach pursuant to
the terms of his employment agreement as a result of the change of control. Said
125,000 options could only be issued upon approval of an amendment to the
Issuer's 2000 Stock Option Plan. Such approval was obtained at a special meeting
of the Issuer's shareholders on April 29, 2004. To date, Lekach has exercised
options to acquire all 443,750 of those Shares and the Nussdorfs have acquired
all 720,954 Shares pursuant to the Agreement.
In addition, pursuant to and in accordance with the terms of the
Agreement, the Nussdorfs were granted an irrevocable proxy for the term set
forth in the Agreement to vote any Shares owned by Lekach, Pacific and IZJD that
were the subject of the Agreement. The proxy expired upon the acquisition by the
Nussdorfs of all 720,954 Shares pursuant to the Agreement.
Upon the acquisition of the 720,954 Shares as described above by the
Nussdorfs, Lekach may be deemed to be the only Reporting Person to own any
Shares. Accordingly, and except as described above, Lekach holds Shares
principally for investment purposes. Lekach intends to review his investment in
the Shares from time to time and, depending upon circumstances then existing,
including, without limitation, Lekach's evaluation of the Issuer's business,
assets and operations, other investment opportunities, then general economic and
market conditions, legal and regulatory constraints, and other factors, Lekach
may from time to time acquire additional Shares or dispose of all or a portion
of his Shares, in the open market, through privately negotiated transactions or
otherwise, and may determine to take such other actions with respect to the
Shares as he may deem advisable.
On February 6, 2004, Miles Raper, Donovan Chin, and Daniel Bengio resigned
as members of the Issuer's Board of Directors, and Stephen Nussdorf, Paul
Garfinkle and Michael W. Katz were elected to the Issuer's Board. Lekach
resigned as a director effective February 10, 2004. In addition, effective
February 10, 2004, Lekach's employment agreement with the Issuer was terminated,
and Lekach ceased serving as an employee and officer of the Issuer.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby amended by adding the following information:
As of June 28, 2004, Lekach may be deemed to beneficially own an aggregate
150,000 Shares (or approximately 5.2% of the total number of Shares of the
Issuer outstanding). With respect to the 150,000 Shares beneficially owned by
Lekach (and which are not subject to the Agreement), Lekach may be deemed to
have sole dispositive and voting power. Upon the acquisition of the 720,954
Shares as described below by the Nussdorfs, Pacific and IZJD no longer
beneficially own any Shares.
The Reporting Persons have effected the following transactions in the
Shares:
On January 30, 2004, Lekach acquired 155,866 Shares upon exercise of
outstanding options at exercise prices of $1.64 (for 100,000 Shares) and $2.00
(for 55,866 Shares). On March 10, 2004, the Reporting Persons transferred
433,070 Shares pursuant to the Agreement to the Nussdorfs as follows for a cash
purchase price of $12.70 per Share: 155,866 Shares issued upon exercise of
options from Lekach; 131,004 Shares from IZJD; 28,450 Shares from Pacific; and
117,750 Shares held directly by Lekach and Mrs. Deborah Lekach.
On March 11, 2004, Lekach acquired 162,884 Shares upon exercise of
outstanding options at exercise prices of $2.00 (for 37,884 Shares) and $4.00
(for 125,000 Shares) and on March 19, 2004, Lekach transferred such Shares to
the Nussdorfs pursuant to the Agreement for a cash purchase price of $12.70 per
Share.
As a result of the change in control in connection with the Agreement,
Lekach was entitled to receive options to purchase 125,000 Shares pursuant to
the terms of his employment agreement effective as of January 31, 2004. On May
10, 2004, Lekach acquired 125,000 Shares upon exercise of such options at an
exercise price of $4.00 and on June 7, 2004, Lekach transferred such Shares to
the Nussdorfs pursuant to the Agreement for a purchase price of $12.70. A
portion of the aggregate purchase price for the $125,000 Shares was paid by
offsetting the principal and accrued interest then owed under the $1,000,000
demand note, dated December 8, 2003, made by Lekach and payable to the order of
Stephen Nussdorf, and the remainder of the aggregate purchase price was paid in
cash.
ITEM 6. MATERIAL TO BE FILED AS EXHIBITS.
Item 6 is hereby amended by adding the following exhibits:
Exhibit 1 - Option Agreement (incorporated by reference to the Issuer's
Current Report on Form 8-K, dated February 10 2004). Exhibit 2 - Statement
of Joint Filing of Schedule 13D.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Date: June 28, 2004 ILIA LEKACH
/s/ Ilia Lekach
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Ilia Lekach
PACIFIC INVESTMENT GROUP, INC.
By: /s/ Ilia Lekach
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Ilia Lekach, President
IZJD CORP.
By: /s/ Ilia Lekach
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Ilia Lekach, President