UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)
DOMINION HOMES, INC.
(Name of Issuer)
COMMON SHARES, NO PAR VALUE
(Title of Class of Securities)
257386102
(CUSIP Number)
FREDERICK H. FOGEL, ESQ.
C/O SILVER POINT CAPITAL L.P.
TWO GREENWICH PLAZA, FIRST FLOOR
GREENWICH, CONNECTICUT 06830
(203) 542-4208
WITH A COPY TO:
MARILYN SOBEL, ESQ.
PAUL, WEISS, RIFKIND, WHARTON & GARRISON
1285 AVENUE OF THE AMERICAS
NEW YORK, NEW YORK 10019
(212) 373-3027
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
NOVEMBER 28, 2007
(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 which is the subject of this Schedule 13D and is filing this
schedule because of Sections 240.13d1(e), 240.13d1(f) or 240.13d1(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.
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257386102 Page 2 of 13
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SCHEDULE 13D
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Silver Point Capital Management, L.L.C.
77-0595716
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0 shares
------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED 769,118 shares
------------------------------------------------
BY EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0 shares
------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
769,118 shares
--------------------------------------------------------------------------------
|
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
769,118 shares
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.28%**
14 TYPE OF REPORTING PERSON
CO
** The calculations of the percentages referred to herein are based on
8,517,182 Common Shares issued and outstanding as of November 9, 2007, as
set forth in Dominion's Form 10-Q, plus Warrants exercisable by the
Reporting Persons into 769,118 Common Shares.
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257386102 Page 3 of 13
--------------------- -----------------------
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Edward A. Mule
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 769,118 shares
------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED 0 shares
------------------------------------------------
BY EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 769,118 shares
------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
|
0 shares
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
769,118 shares
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.28%**
14 TYPE OF REPORTING PERSON
IN
** The calculations of the percentages referred to herein are based on
8,517,182 Common Shares issued and outstanding as of November 9, 2007, as
set forth in Dominion's Form 10-Q, plus Warrants exercisable by the
Reporting Persons into 769,118 Common Shares.
--------------------- -----------------------
257386102 Page 4 of 13
--------------------- -----------------------
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Robert J. O'Shea
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0 shares
------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED 769,118 shares
------------------------------------------------
BY EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0 shares
------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
769,118 shares
--------------------------------------------------------------------------------
|
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
769,118 shares
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.28%**
14 TYPE OF REPORTING PERSON
IN
** The calculations of the percentages referred to herein are based on
8,517,182 Common Shares issued and outstanding as of November 9, 2007, as
set forth in Dominion's Form 10-Q, plus Warrants exercisable by the
Reporting Persons into 769,118 Common Shares.
--------------------- -----------------------
257386102 Page 5 of 13
--------------------- -----------------------
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Silver Point Capital, L.P.
22-3849636
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0 shares
------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED 769,118 shares
------------------------------------------------
BY EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0 shares
------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
769,118 shares
--------------------------------------------------------------------------------
|
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
769,118 shares
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.28%**
14 TYPE OF REPORTING PERSON
PN
** The calculations of the percentages referred to herein are based on
8,517,182 Common Shares issued and outstanding as of November 9, 2007, as
set forth in Dominion's Form 10-Q, plus Warrants exercisable by the
Reporting Persons into 769,118 Common Shares.
--------------------- -----------------------
257386102 Page 6 of 13
--------------------- -----------------------
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Silver Point Capital Fund, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0 shares
------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED 769,118 shares
------------------------------------------------
BY EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0 shares
------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
769,118 shares
--------------------------------------------------------------------------------
|
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
769,118 shares
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.28%**
14 TYPE OF REPORTING PERSON
PN
** The calculations of the percentages referred to herein are based on
8,517,182 Common Shares issued and outstanding as of November 9, 2007, as
set forth in Dominion's Form 10-Q, plus Warrants exercisable by the
Reporting Persons into 769,118 Common Shares.
--------------------- -----------------------
257386102 Page 7 of 13
--------------------- -----------------------
--------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
SPCP Group, L.L.C.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0 shares
------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED 769,118 shares
------------------------------------------------
BY EACH REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0 shares
------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
769,118 shares
--------------------------------------------------------------------------------
|
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
769,118 shares
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.28%**
14 TYPE OF REPORTING PERSON
CO
** The calculations of the percentages referred to herein are based on
8,517,182 Common Shares issued and outstanding as of November 9, 2007, as
set forth in Dominion's Form 10-Q, plus Warrants exercisable by the
Reporting Persons into 769,118 Common Shares.
--------------------- -----------------------
257386102 Page 8 of 13
--------------------- -----------------------
|
ITEM 1. SECURITY AND ISSUER.
This Amendment No. 1 (this "Amendment") amends the Schedule
13D (the "Schedule 13D") filed on January 4, 2007 which relates to shares of
common stock, no par value (the "Common Shares"), of Dominion Homes, Inc., an
Ohio corporation ("Dominion"). The address of Dominion's principal executive
office is 4900 Tuttle Crossing Blvd., Dublin, Ohio 43016-0993. This Amendment
is being filed to report a change to Items 4 and 5(a) of the Schedule 13D. All
items or responses not described herein remain as previously reported in the
Schedule 13D.
ITEM 4. PURPOSE OF TRANSACTION.
ITEM 4 OF THE SCHEDULE 13D IS HEREBY AMENDED BY ADDING THE TEXT BELOW TO THE
END OF ITEM 4 IN THE SCHEDULE 13D:
Numerous events of default have occurred since June 2007 and
are continuing under the Credit Agreement. None of these defaults have been
cured as of the date of this Amendment.
On September 11, 2007, Dominion entered into an Amendment No.
3 to the Credit Agreement, which listed these events of default, reserved all
rights with respect thereto and put in place a $2 million overadvance facility
allowing borrowings under the revolver up to $2 million in excess of the
Borrowing Base (as defined in the Credit Agreement) (the "Overadvance
Facility"). On September 27, 2007, Dominion entered into an Amendment No. 4 to
the Credit Agreement, which increased the Overadvance Facility to $9 million
and left the Overadvance Facility in place until the maturity date of the
Revolving Loans (as defined in the Credit Agreement). On October 29, 2007,
Dominion entered into an Amendment No. 5 to the Credit Agreement, which
increased the Overadvance Facility to $11 million.
--------------------- -----------------------
257386102 Page 9 of 13
--------------------- -----------------------
|
Dominion and the lenders under the Credit Agreement have
begun discussions concerning the financial condition of Dominion, its prospects
in light of the condition of the home building industry and a possible
recapitalization or similar transaction whereby indebtedness under the Credit
Agreement would be reduced. Any such transaction could include a debt for
equity swap or a going private or similar transactions in which the Reporting
Persons and the other lenders under the Credit Agreement would acquire
additional equity in Dominion. Any such transaction could result in the
Reporting Persons and such lenders together obtaining such number of Common
Shares that would constitute control of Dominion.
ITEM 5. INTEREST IN SECURITIES OF ISSUER.
ITEM 5(A) OF THE SCHEDULE 13D(1) IS HEREBY AMENDED BY THE DELETION OF THE TEXT
THEREOF IN ITS ENTIRETY AND ITS REPLACEMENT WITH THE FOLLOWING:
A. Silver Point Capital Management, L.L.C.
(a) Aggregate number of shares beneficially owned: 769,118
Percentage: 8.28% The calculations of the percentages referred to
herein are based on 8,517,182 Common Shares issued and outstanding as of
November 9, 2007, as set forth in Dominion's Form 10-Q, plus Warrants
exercisable by the Reporting Persons into 769,118 Common Shares.
B. Edward A. Mule
(a) Aggregate number of shares beneficially owned: 769,118
Percentage: 8.28% Percentage: 8.28% The calculations of the
percentages referred to herein are based on 8,517,182 Common Shares issued and
--------------------- -----------------------
257386102 Page 10 of 13
--------------------- -----------------------
|
outstanding as of November 9, 2007, as set forth in Dominion's Form 10-Q, plus
Warrants exercisable by the Reporting Persons into 769,118 Common Shares.
C. Robert J. O'Shea
(a) Aggregate number of shares beneficially owned: 769,118
Percentage: 8.28% Percentage: 8.28% The calculations of the
percentages referred to herein are based on 8,517,182 Common Shares issued and
outstanding as of November 9, 2007, as set forth in Dominion's Form 10-Q, plus
Warrants exercisable by the Reporting Persons into 769,118 Common Shares.
D. Silver Point Capital, L.P.
(a) Aggregate number of shares beneficially owned: 769,118
Percentage: 8.28% Percentage: 8.28% The calculations of the
percentages referred to herein are based on 8,517,182 Common Shares issued and
outstanding as of November 9, 2007, as set forth in Dominion's Form 10-Q, plus
Warrants exercisable by the Reporting Persons into 769,118 Common Shares.
E. Silver Point Capital Fund, L.P.
(a) Aggregate number of shares beneficially owned: 769,118
Percentage: 8.28% Percentage: 8.28% The calculations of the
percentages referred to herein are based on 8,517,182 Common Shares issued and
outstanding as of November 9, 2007, as set forth in Dominion's Form 10-Q, plus
Warrants exercisable by the Reporting Persons into 769,118 Common Shares.
F. SPCP Group, L.L.C.
(a) Aggregate number of shares beneficially owned: 769,118
Percentage: 8.28% Percentage: 8.28% The calculations of the
percentages referred to herein are based on 8,517,182 Common Shares issued and
--------------------- -----------------------
257386102 Page 11 of 13
--------------------- -----------------------
|
outstanding as of November 9, 2007, as set forth in Dominion's Form 10-Q, plus
Warrants exercisable by the Reporting Persons into 769,118 Common Shares.
--------------------- -----------------------
257386102 Page 12 of 13
--------------------- -----------------------
|
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.
Date: November 30, 2007
SILVER POINT CAPITAL MANAGEMENT, L.L.C.
/s/ Edward A. Mule
-------------------------------------------
By: Edward A. Mule
Its: Managing Member
/s/ Edward A. Mule
-------------------------------------------
Name: Edward A. Mule, individually
/s/ Robert J. O'Shea
-------------------------------------------
Name: Robert J. O'Shea, individually
|
SILVER POINT CAPITAL, L.P.
By: SILVER POINT CAPITAL MANAGEMENT, L.L.C.,
its General Partner
/s/ Edward A. Mule
-------------------------------------------
By: Edward A. Mule
Its: Managing Member
|
SILVER POINT CAPITAL FUND, L.P.
By: SILVER POINT CAPITAL, L.P., its General
Partner
By: SILVER POINT CAPITAL MANAGEMENT,
L.L.C., its General Partner
/s/ Edward A. Mule
-------------------------------------------
By: Edward A. Mule
Its: Managing Member
|
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257386102 Page 13 of 13
--------------------- -----------------------
|
SPCP GROUP, L.L.C.
By: SILVER POINT CAPITAL FUND, L.P., its
Managing Member
By: SILVER POINT CAPITAL, L.P., its
General Partner
By: SILVER POINT CAPITAL
MANAGEMENT, L.L.C., its General
Partner
/s/ Edward A. Mule
-------------------------------------------
By: Edward A. Mule
Its: Managing Member
|
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