SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No.)
Western Sizzlin Corp.
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(Name of Issuer)
Common Stock, $0.01 par value
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(Title of Class of Securities)
959542101
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(CUSIP Number)
Sardar Biglari
The Lion Fund, L.P.
9311 San Pedro Avenue, Suite 1440
San Antonio, Texas 78216
Telephone (210) 344-3400
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 2, 2005
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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.
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(1) 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 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. 959542101
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
The Lion Fund L.P.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
WC
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
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
7. SOLE VOTING POWER
0
8. SHARED VOTING POWER
1,889,310
9. SOLE DISPOSITIVE POWER
0
10. SHARED DISPOSITIVE POWER
1,889,310
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,889,310
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.9%
14. TYPE OF REPORTING PERSON*
PN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 959542101
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Biglari Capital Corp.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
AF, WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
7. SOLE VOTING POWER
0
8. SHARED VOTING POWER
1,889,310
9. SOLE DISPOSITIVE POWER
0
10. SHARED DISPOSITIVE POWER
1,889,310
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,889,310
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.9%
14. TYPE OF REPORTING PERSON*
CO
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 959542101
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Biglari, Sardar
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
AF,WC
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 of America
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
7. SOLE VOTING POWER
0
8. SHARED VOTING POWER
1,889,310
9. SOLE DISPOSITIVE POWER
0
10. SHARED DISPOSITIVE POWER
1,889,310
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,889,310
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.9%
14. TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 959542101
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Item 1. Security and Issuer.
The name of the issuer is Western Sizzlin Corp., a Delaware corporation
(the "Issuer"). The address of the Issuer's principal office is 1338 Plantation
Road, Roanoke, Virginia, 24012. This Schedule 13D relates to the Issuer's Common
Stock, $0.01 par value (the "Shares").
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Item 2. Identity and Background.
(a-c, f) This Schedule 13D is being filed jointly by (i) Lion Fund, L.P., a
Deleware Limited Partnership, (the "Lion Fund") (ii) Biglari Capital Corp., a
Texas corporation ("BCC") and (iii) Sardar Biglari, a United States citizen,
(collectively, the "Reporting Persons").
The principal business address of the Reporting Persons is 9311 San Pedro
Avenue, Suite 1440, San Antonio, Texas 78216.
Sardar Biglari is the Chairman and Chief Executive Officer of BCC, an
investment management firm that serves as the general partner to the Lion Fund.
The principal business of the Lion Fund is purchasing, holding and selling
securities for investment purposes.
(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 to such laws.
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Item 3. Source and Amount of Funds or Other Consideration.
The total cost for the Shares that the Reporting Persons may be deemed to
beneficially own is $1,594,372.
The funds for the purchase of the Shares beneficially owned by the
Reporting Persons came from the working capital of the Lion Fund.
No borrowed funds were used to purchase the Shares, other than any borrowed
funds used for working capital purposes (including certain leverage
arrangements) in the ordinary course of business.
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Item 4. Purpose of Transaction.
The Reporting Persons have consulted with management of the Issuer and
certain of its Directors concerning the business, operations and future plans of
the Issuer and the Board of Directors. The Reporting Persons intend to evaluate
the business prospects of the Issuer, as well as its present and future
intentions. In connection with such evaluation, the Reporting Persons may from
time to time consult with management and other shareholders of the Issuer.
Additionally, the Reporting Persons are seeking Board representation.
Except as set forth above, the Reporting Persons have no present plans or
intentions that would result in or relate to any of the transactions described
in subparagraphs (a) through (j) of Item 4 of Schedule 13D.
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Item 5. Interest in Securities of the Issuer.
(a-e) As of the date hereof, the Reporting Persons may be deemed to be the
beneficial owner of 1,889,310 Shares or 15.9% of the Shares of the Issuer, based
upon the 11,888,571 Shares outstanding as of August 15, 2005, according to the
Issuer's most recent Form 10-Q.
The Reporting Persons have the sole power to vote or direct the vote of 0
Shares and the shared power to vote or direct the vote of 1,889,310 Shares.
The Reporting Persons have the sole power to dispose or direct the
disposition of 0 Shares and the shared power to dispose or direct the
disposition of 1,889,310 Shares.
The trading dates, number of Shares purchased and the price per share for
all transactions in the Shares during the past 60 days by the Reporting Persons
are set forth in Exhibit B and were effected in private sales and open market
transactions.
The aforementioned Shares were acquired for investment purposes. The Lion
Fund may acquire additional Shares, dispose of all or some of these Shares from
time to time, in each case in open market or private transactions, block sales
or purchases or otherwise, or may continue to hold the Shares.
The Reporting Persons specifically disclaim beneficial ownership in the
Shares reported herein except to the extent of their pecuniary interest therein.
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Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
The Reporting Persons do not have any contract, arrangement, understanding
or relationship with any person with respect to the Shares.
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Item 7. Material to be Filed as Exhibits.
A. An agreement relating to the filing of a joint statement as required by
Rule 13d-1(f) under the Securities Exchange Act of 1934 is filed herewith as
Exhibit A.
B. A description of the transactions in the Shares that were effected by
the Reporting Persons during the 60 days prior to November 2, 2005 is filed
herewith as Exhibit B.
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.
November 10, 2005
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(Date)
THE LION FUND, L.P.
By: Biglari Capital Corp.,
General Partner
By: /s/ Sardar Biglari
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Sardar Biglari, Chief Executive Officer
BIGLARI CAPITAL CORP.
By: /s/ Sardar Biglari
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Sardar Biglari, Chief Executive Officer
SARDAR BIGLARI
/s/ Sardar Biglari
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Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).
Exhibit A
AGREEMENT
The undersigned agree that this Schedule 13D dated November 10, 2005
relating to the Common Stock par value $0.01 of Western Sizzlin Corp. shall be
filed on behalf of the undersigned.
November 10, 2005
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(Date)
THE LION FUND, L.P.
By: Biglari Capital Corp.,
General Partner
By: /s/ Sardar Biglari
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Sardar Biglari, Chief Executive Officer
BIGLARI CAPITAL CORP.
By: /s/ Sardar Biglari
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Sardar Biglari, Chief Executive Officer
SARDAR BIGLARI
/s/ Sardar Biglari
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Exhibit B
Transactions in the Shares -- The Reporting Persons
Date of Number of Shares
Transaction Purchase/(SOLD) Price Per Share
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10/24/05 225,000 $0.91
10/14/05 5,000 $0.85
10/13/05 15,500 $.8694
10/12/05 20,000 $0.89
25298.0001 #614318