SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENT FILED PURSUANT
TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. 1)*
SHOCHET HOLDING CORP.
(Name of Issuer)
Common Stock, $0.0001 par value
(Title of Class of Securities)
82488Q 10 1
(CUSIP Number)
March 28, 2002
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|_| Rule 13d-1(c)
|X| Rule 13d-1(d)
*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 that 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 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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CUSIP No. 82488Q 10 1 13G Page 2 of 5 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Firebrand Financial Group, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
52,785 Shares
NUMBER OF
SHARES
BENEFICIALLY ------------------------------------------------------
OWNED BY
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 0
WITH
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7 SOLE DISPOSITIVE POWER
52,785 Shares
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
52,785 Shares
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) |_|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.5%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 82488Q 10 1 13G Page 3 of 5 Pages
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Item 1(a). Name of Issuer:
Shochet Holding Corp.
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Item 1(b.) Address of Issuer's Principal Executive Offices:
433 Plaza Real, Suite 275, Boca Raton, Florida 33432
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Item 2(a). Name of Persons Filing:
Firebrand Financial Group, Inc. ("FFGI")
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Item 2(b). Address of Principal Business Office or, if None, Residence:
One State Street Plaza, New York, New York 10004
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Item 2(c). Citizenship:
Delaware
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Item 2(d). Title of Class of Securities:
Common Stock, par value $.0001 per share
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Item 2(e). CUSIP Number:
82488Q 10 1
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Item 3. If This Statement is Filed Pursuant to Rules 13d-1(b),
or 13d-2(b) or (c), Check Whether the Person Filing is a:
(a) |_| Broker or dealer registered under Section 15 of the Exchange Act;
(b) |_| Bank as defined in Section 3(a)(6) of the Exchange Act;
(c) |_| Insurance company as defined in Section 3(a)(19) of the Exchange
Act;
(d) |_| Investment company registered under Section 8 of the Investment
Company Act;
(e) |_| An investment adviser in accordance with Rule 13d-1(b)(ii)(E);
(f) |_| An employee benefit plan or endowment fund in accordance with Rule
13d-1(b)(1)(ii)(F);
(g) |_| A parent holding company or control person in accordance with Rule
13d-1(b)(ii)(G)
(h) |_| A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act;
(i) |_| A church plan that is excluded from the definition of an investment
company under Section 3(c)(14) of the Investment Company Act;
(j) |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4. Ownership
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned: 52,785 shares of common stock
(b) Percent of Class: 2.5%
(c) Number of shares as to which person has:
(i) Sole power to vote or to direct the vote: 52,785 shares of
common stock
(ii) Shared power to vote or to direct the vote: 0 shares of
common stock
(iii) Sole power to dispose or to direct the disposition of:
52,785 shares of common stock
(iv) Shared power to dispose or to direct the disposition of:
0 shares of common stock
Instruction: For computations regarding securities which represent a
right to acquire an underlying security see Rule 13d-3(d)(1).
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following: |X|
On March 28, 2002, FFGI completed the transactions contemplated by
a Common Stock Purchase Agreement, as amended, between FFGI and Sutter
Opportunity Fund 2, LLC. Pursuant to the agreement, FFGI sold 1,213,675 shares
of the Issuer's common stock. As a result of this transaction, FFGI ceased to be
the beneficial owner of more than five percent of the Issuer's common stock.
Currently, FFGI owns 52,785 shares, or 2.5% of the Issuer's common stock.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
None.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Company or
Control Person.
None.
Item 8. Identification and Classification of Members of the Group.
None.
Item 9. Notice of Dissolution of Group.
None.
Item 10. Certifications.
None.
SIGNATURE
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.
Dated: April 8, 2002
FIREBRAND FINANCIAL GROUP, INC.
By: /s/ Peter R. Kent
Name: Peter R. Kent
Title: Chief Financial Officer