1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 Consolidated-Tomoka Land Co. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 210226106 - -------------------------------------------------------------------------------- (CUSIP Number) Harvey Goldman Henri L. Wedell Steel Hector & Davis LLP 125 Norwal 200 South Biscayne Boulevard, Suite 4000 Memphis, TN 38117 Miami, FL 33131-2398 (901) 683-6668 (305) 577-7011 - -------------------------------------------------------------------------------- (Name, Address, and Telephone Number of Person Authorized to Receive Notices and Communications) September 5, 2000 - -------------------------------------------------------------------------------- (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 Sections 240.13d-1(e), 240.13d-1(f) or 140.13d-1(g), check the following box. [ ] NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 240.13d-7 for other parties to whom copies are to be sent. 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).
2 Cusip No. 210226106 - -------- ----------------------------------------------------------------------- 1. Names of Reporting Persons. Henri L. Wedell (1) - -------- ----------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) - -------- ----------------------------------------------------------------------- 3. SEC Use Only - -------- ----------------------------------------------------------------------- 4. Source of Funds PF/OO - -------- ----------------------------------------------------------------------- 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 - ---------------------------- ------- ------------------------- --------------- 7. Sole Voting Power 97,200 ------- ------------------------- --------------- Number of Shares 8. Shared Voting Power 20,600 Beneficially Owned by Each Reporting Person With ------- ------------------------- --------------- 9. Sole Dispositive Power 97,200 ------- ------------------------- --------------- 10. Shared Dispositive Power 20,600 - -------- ----------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 117,800 - -------- ----------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------- ----------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 2.0% (2) - -------- ----------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) IN - -------- ----------------------------------------------------------------------- (1) Henri L. Wedell has sole voting and dispositive power over accounts in his name, has shared voting and dispositive power with Marsha M. Wedell as trustees for the benefit of the L.G. Miller GST Exempt Trust U/A/O 6/18/96 (the "LG Miller Trust"), and is beneficiary of the U/W/O C. Wedell Wedellsborg FBO Henri Wedell Spendthrift Trust (the "Spendthrift Trust"). Each of these accounts or trusts hold Shares, as defined in Item 1 below. (2) Calculation based on 5,814,000 Shares outstanding as of September 11, 2000.
3 Cusip No. 210226106 - -------- ----------------------------------------------------------------------- 1. Names of Reporting Persons. Marsha M. Wedell (1) - -------- ----------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) [X] (See Instructions) (b) - -------- ----------------------------------------------------------------------- 3. SEC Use Only - -------- ----------------------------------------------------------------------- 4. Source of Funds PF/OO - -------- ----------------------------------------------------------------------- 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 - ---------------------------- ------- ---------------------------------- -------- 7. Sole Voting Power 208,900 ------- ---------------------------------- -------- Number of Shares 8. Shared Voting Power 20,600 Beneficially Owned by Each Reporting Person With ------- ---------------------------------- -------- 9. Sole Dispositive Power 208,900 ------- ---------------------------------- -------- 10. Shared Dispositive Power 20,600 - ----------------------------------------------------------------------- -------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 229,500 - ----------------------------------------------------------------------- -------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain [ ] Shares (See Instructions) - ----------------------------------------------------------------------- -------- 13. Percent of Class Represented by Amount in Row (11) 4.0%(2) - ----------------------------------------------------------------------- -------- 14. Type of Reporting Person (See Instructions) IN - -------- ----------------------------------------------------------------------- (1) Marsha M. Wedell has sole voting and dispositive power over accounts in her name, has shared voting and dispositive power with Henri L. Wedell as trustees for the benefit of the L.G. Miller Trust, and has sole voting and dispositive power as trustee of the Spendthrift Trust. Each of these accounts and trusts hold Shares. (2) Calculation based on 5,814,000 Shares outstanding as of September 11, 2000.
4 - -------- ----------------------------------------------------------------------- 1. Names of Reporting Persons. Visse M. Wedell (1) - -------- ------------------------------------------------------------ -------- 2. Check the Appropriate Box if a Member of a Group (a) [X] (See Instructions) (b) - -------- ----------------------------------------------------------------------- 3. SEC Use Only - -------- ------------------------------------------------------------ -------- 4. Source of Funds OO - -------- ----------------------------------------------------------------------- 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 - -------- ----------------- ------ ----------------------------------- -------- 7. Sole Voting Power 0 ------ ----------------------------------- -------- Number of Shares 8. Shared Voting Power 18,500 Beneficially Owned by Each Reporting Person With ------ ----------------------------------- -------- 9. Sole Dispositive Power 0 ------ ----------------------------------- -------- 10. Shared Dispositive Power 18,500 - -------- ------------------------------------------------------------ -------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 18,500 - -------- ------------------------------------------------------------ -------- 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) IN - -------- ------------------------------------------------------------ -------- (1) Visse M. Wedell has shared voting and dispositive power, with W. Lytle Nichol IV, as joint trustee over The Visse Wedell Grantor Trust (the "Grantor Trust"), which holds Shares. Visse M. Wedell is also the sole beneficiary of the Grantor Trust. (2) Calculation based on 5,814,000 shares outstanding as of September 11, 2000.
5 - -------- ----------------------------------------------------------------------- 1. Names of Reporting Persons. W. Lytle Nichol IV (1) - -------- ------------------------------------------------------------ --------- 2. Check the Appropriate Box if a Member of a Group (a) [X] (See Instructions) (b) - -------- ----------------------------------------------------------------------- 3. SEC Use Only - -------- ------------------------------------------------------------ --------- 4. Source of Funds OO - -------- ----------------------------------------------------------------------- 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 - -------- ----------------- ------- ---------------------------------- --------- 7. Sole Voting Power 0 ------- ---------------------------------- --------- Number of Shares 8. Shared Voting Power 18,500 Beneficially Owned by Each Reporting Person With ------- ---------------------------------- --------- 9. Sole Dispositive Power 0 ------- ---------------------------------- --------- 10. Shared Dispositive Power 18,500 - -------- ------------------------------------------------------------ --------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 18,500 - -------- ------------------------------------------------------------ --------- 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) IN - -------- ------------------------------------------------------------ --------- (1) W. Lytle Nichol IV has shared voting and dispositive power as joint trustee, with Visse M. Wedell, over The Grantor Trust, which holds Shares. (2) Calculation based on 5,814,000 Shares outstanding as of September 11, 2000. ITEM 1. SECURITY AND ISSUER The class of equity securities to which this Schedule 13D relates is the Common Stock, $1.00 par value per share (the "Shares") of Consolidated-Tomoka Land Co. (the "Company"), whose principal executive offices are located at 149 South Ridgewood Avenue, Daytona Beach, Florida 32114.
6 ITEM 2. IDENTITY AND BACKGROUND The relevant information for Henri L. Wedell, Marsha M. Wedell, Visse M. Wedell, and W. Lytle Nichol IV (collectively, the "Reporting Persons") are as follows: - -------------- ---------- ------------------------------------------------------ (i) (a) Henri L. Wedell - -------------- ---------- ------------------------------------------------------ (b) 125 Norwal Memphis, TN 38117 - -------------- ---------- ------------------------------------------------------ (c) Investments - -------------- ---------- ------------------------------------------------------ (d) In the last five years, Henri L. Wedell has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). - -------------- ---------- ------------------------------------------------------ (e) In the last five years, Henri L. Wedell has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction that has resulted in a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or in a finding of any violation with respect to such laws. - -------------- ---------- ------------------------------------------------------ (f) United States - -------------- ---------- ------------------------------------------------------ - -------------- ---------- ------------------------------------------------------ (ii) (a) Marsha M. Wedell - -------------- ---------- ------------------------------------------------------ (b) 125 Norwal Memphis, TN 38117 - -------------- ---------- ------------------------------------------------------ (c) None - -------------- ---------- ------------------------------------------------------ (d) In the last five years, Marsha M. Wedell has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). - -------------- ---------- ------------------------------------------------------ (e) In the last five years, Marsha M. Wedell has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction that has resulted in a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or in a finding of any violation with respect to such laws. - -------------- ---------- ------------------------------------------------------ (f) United States - -------------- ---------- ------------------------------------------------------
7 - -------------- ---------- ------------------------------------------------------ (iii) (a) Visse M. Wedell - -------------- ---------- ------------------------------------------------------ (b) c/o Christie's, Inc. 20 Rockefeller Plaza New York, NY 10020 - -------------- ---------- ------------------------------------------------------ (c) Assistant Manager Christie's Inc. (Auction House) 20 Rockefeller Plaza New York, NY 10020 - -------------- ---------- ------------------------------------------------------ (d) In the last five years, Visse M. Wedell has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). - -------------- ---------- ------------------------------------------------------ (e) In the last five years, Visse M. Wedell has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction that has resulted in a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or in a finding of any violation with respect to such laws. - -------------- ---------- ------------------------------------------------------ (f) United States - -------------- ---------- ------------------------------------------------------ - -------------- ---------- ------------------------------------------------------ (iv) (a) W. Lytle Nichol IV - -------------- ---------- ------------------------------------------------------ (b) Stokes Bartholomew Evans & Petree 81 Monroe Avenue Memphis, TN 38103 - -------------- ---------- ------------------------------------------------------ (c) Attorney Stokes Bartholomew Evans & Petree 81 Monroe Avenue Memphis, TN 38103 - -------------- ---------- ------------------------------------------------------ (d) In the last five years, W. Lytle Nichol IV has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). - -------------- ---------- ------------------------------------------------------ (e) In the last five years, W. Lytle Nichol IV has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction that has resulted in a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or in a finding of any violation with respect to such laws. - -------------- ---------- ------------------------------------------------------ (f) United States - -------------- ---------- ------------------------------------------------------
8 ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION The source and amount of funds for the personal and trust accounts is as follows: - ------------------------------------------------ ----------------------- ----------------------- --------------------- Account Number of Shares Amount of Funds Source of Funds - ------------------------------------------------ ----------------------- ----------------------- --------------------- Henri L. Wedell, personal accounts 97,200 $1,148,541.00 Personal Funds - ------------------------------------------------ ----------------------- ----------------------- --------------------- Marsha M. Wedell, personal accounts 184,800 2,073,406.19 Personal Funds - ------------------------------------------------ ----------------------- ----------------------- --------------------- LG Miller Trust 20,600 248,029.09 Trust Funds - ------------------------------------------------ ----------------------- ----------------------- --------------------- Spendthrift Trust 34,100 412,589.15 Trust Funds - ------------------------------------------------ ----------------------- ----------------------- --------------------- Grantor Trust 18,500 213,740.79 Trust Funds - ------------------------------------------------ ----------------------- ----------------------- --------------------- Total 355,200 $4,096,306.22 - ------------------------------------------------ ----------------------- ----------------------- --------------------- ITEM 4. PURPOSE OF TRANSACTION The Reporting Persons have no present plans or proposals which relate to or would result in any of the following (although the Reporting Persons reserve the right to develop such plans or proposals or any other plans relating to the Company and to take action with respect thereto): (a) the acquisition by any person of additional securities of the Company (acquisition or disposition of shares of the Company will depend on market conditions and other relevant factors); (b) an extraordinary corporate transaction, such as a merger, reorganization, or liquidation, involving the Company or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Company or any of its subsidiaries; (d) any change in the present board of directors or management of the Company, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (e) any material change in the present capitalization or dividend policy of the Company; (f) any other material change in the Company's business or corporate structure; (g) changes in the Company's charter, bylaws, or instruments corresponding thereto or other actions which may impede the acquisition of control of the Company by any person; (h) causing a class of securities of the Company to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) a class of equity securities of the Company becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934, as amended; or (j) any action similar to any of those enumerated above. Notwithstanding the Reporting Persons' lack of present intent to undertake any of the transactions specified in clauses (a) through (j) above, the Reporting Persons' main objective is to maximize shareholder value. To that end, Henri L. Wedell or the other Reporting Persons may participate in interviews or hold discussions with third parties and other shareholders of the Company, and have discussions with management and board members of the Company in an effort to improve corporate performance and maximize shareholder value, and such conversations, interviews, and discussions may relate to one or more of the
9 transactions specified in clauses (a) through (j) above. The Reporting Persons have acquired the shares for investment purposes. In the ordinary course of business, the Reporting Persons will continuously assess the Company's business, financial condition, results of operations and prospects, general economic, financial and industry conditions, the securities markets and future trading prices in general and those for the Company's securities in particular, other developments and other investment opportunities. Depending on such assessments, the Reporting Persons may acquire additional Shares or may decide to sell or otherwise dispose of all or some of their Shares. ITEM 5. INTEREST IN SECURITIES OF ISSUER The responses to Items 7, 8, 9, 10, 11, and 13, and any footnotes thereto, of the inside cover pages of this Schedule 13D for each of the Reporting Persons are hereby incorporated by reference in response to this Item 5. In the aggregate, the Reporting Persons have sole or shared voting and dispositive power over 355,200 Shares. The Company's Form 10-Q for the quarter ended June 30, 2000 reports 5,826,614 Shares outstanding; however, as of September 11, 2000, the American Stock Exchange lists 5,814,000 Shares outstanding; therefore, the Reporting Persons' 355,200 shares constitute 6.1% of the presently outstanding class of Common Stock. The trading dates, number of Shares purchased, and average price per share for all transactions in the Shares by the Reporting Persons during the past 60 days are set forth as follows: - ------------------------------- ---------------------------- ---------------------------- ---------------------------- Reporting Person Trading Date Number of Shares Average Price/Share - ------------------------------- ---------------------------- ---------------------------- ---------------------------- Henri L. Wedell September 5, 2000 19,000 $12.05 - ------------------------------- ---------------------------- ---------------------------- ---------------------------- Marsha M. Wedell, as trustee September 5, 2000 19,000 $12.00 for the Spendthrift Trust - ------------------------------- ---------------------------- ---------------------------- ---------------------------- Marsha M. Wedell September 5, 2000 12,000 $12.00 - ------------------------------- ---------------------------- ---------------------------- ---------------------------- Henri L. Wedell September 11, 2000 12,200 $11.75 - ------------------------------- ---------------------------- ---------------------------- ---------------------------- Marsha M. Wedell September 11, 2000 8,000 $11.75 - ------------------------------- ---------------------------- ---------------------------- ---------------------------- All such transactions were open market transactions and were effected on the American Stock Exchange. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS, OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE COMPANY. Henri L. Wedell and Marsha M. Wedell are married. Visse M. Wedell is the daughter of Henri L. Wedell and Marsha M. Wedell. W. Lytle Nichol IV is the personal attorney for the Wedell's. The Reporting Persons have no formal, legal contract or arrangement with respect to the acquisition, disposition, or voting of the Shares; however, the Reporting Persons may act in concert with regard to the acquisition or disposition of such securities, subject to the fiduciary obligations of certain Reporting Persons as a trustee for any trust disclosed herein.
10 ITEM 7. EXHIBITS Exhibit A Joint Filing Agreement dated September 14, 2000
11 SIGNATURES After reasonable inquiry and to their best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and correct. Date: September 15, 2000 Signature: /s/ Henri L. Wedell ------------------------------------------------------ Name: Henri L. Wedell, individually and as Trustee for the LG Miller Trust Signature: /s/ Marsha M. Wedell ------------------------------------------------------ Name: Marsha M. Wedell, individually and as Trustee for the LG Miller Trust and the Spendthrift Trust Signature: /s/ Visse M. Wedell ------------------------------------------------------ Name: Visse M. Wedell, as Trustee for the Grantor Trust Signature: /s/ W. Lytle Nichol IV ------------------------------------------------------ Name: W. Lytle Nichol IV, as Trustee for the Grantor Trust
12 EXHIBIT A JOINT FILING OF SCHEDULE 13D The undersigned hereby agree, in accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, that the Schedule 13D filed herewith, and any amendments thereto, relating to the undersigned's ownership of securities of Consolidated-Tomoka Land Co., a Florida corporation, is, and will be, filed jointly on behalf of each such person. Date: September 14, 2000 Signature: /s/ Henri L. Wedell ----------------------------------------------------- Name: Henri L. Wedell, individually and as Trustee for the LG Miller Trust Signature: /s/ Marsha M. Wedell ----------------------------------------------------- Name: Marsha M. Wedell, individually and as Trustee for the LG Miller Trust and the Spendthrift Trust Signature: /s/ Visse M. Wedell ----------------------------------------------------- Name: Visse M. Wedell, as Trustee for the Grantor Trust Signature: /s/ W. Lytle Nichol IV ----------------------------------------------------- Name: W. Lytle Nichol IV, as Trustee for the Grantor Trust