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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D/A
(Amendment
No. 54)
Under
the
Securities Exchange Act of 1934
Casual
Male Retail Group, Inc.
(Name
of
Issuer)
Common
Stock
(Title
of
Class of Securities)
25057L102
(CUSIP
Number)
Seymour
Holtzman
c/o
Jewelcor Companies
100
N.
Wilkes Barre Blvd.
Wilkes-Barre,
Pennsylvania 18702
(570)
822-6277
(Name,
Address and Telephone Number of
Person
Authorized to Receive Notices
and
Communications)
May 22,
2006
(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 §§ 240.13d-1(e), 240.13d-1(f), or 240.13d-1(g), check the
following box: o
SCHEDULE
13D
CUSIP
No. 25057L102
1) NAME
OF REPORTING PERSON
S.S.
OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jewelcor
Management, Inc. 23-2331228
_____________________________________________________________________________
2) CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b)
x
______________________________________________________________________________
3) SEC
USE ONLY
______________________________________________________________________________
4) SOURCE
OF FUNDS NA
______________________________________________________________________________
5) CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR
2(e) o
______________________________________________________________________________
6) CITIZENSHIP
OR PLACE OF ORGANIZATION
Nevada
___________________________________________________________________________
7) SOLE
VOTING POWER
NUMBER
OF
147,059(1)
SHARES ____________________________________________________________
BENEFICIALLY
8) SHARED
VOTING POWER
OWNED
BY 0
EACH ____________________________________________________________
REPORTING
9) SOLE
DISPOSITIVE POWER
PERSON 147,059(1)
WITH ____________________________________________________________
10) SHARED
DISPOSITIVE POWER
0
______________________________________________________________________________
11) AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
147,059(1)
______________________________________________________________________________
12) CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES o
______________________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.42%
______________________________________________________________________________
14) TYPE
OF REPORTING PERSON
CO
______________________________________________________________________________
(1)
Represents warrants to purchase an aggregate of 147,059 shares of Common Stock,
all of which are immediately exercisable.
SCHEDULE
13D
CUSIP
No. 25057L102
1) NAME
OF REPORTING PERSON
S.S.
OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Seymour
Holtzman
_____________________________________________________________________________
2) CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o
(b)
x
______________________________________________________________________________
3) SEC
USE ONLY
______________________________________________________________________________
4) SOURCE
OF FUNDS PF
______________________________________________________________________________
5) CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR
2(e) o
______________________________________________________________________________
6) CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States of America
___________________________________________________________________________
7) SOLE
VOTING POWER
NUMBER
OF 5,873,038(1)
SHARES ____________________________________________________________
BENEFICIALLY
8) SHARED
VOTING POWER
OWNED
BY 0
EACH ____________________________________________________________
REPORTING
9) SOLE
DISPOSITIVE POWER
PERSON 5,873,038(1)
WITH ____________________________________________________________
10) SHARED
DISPOSITIVE POWER
0
______________________________________________________________________________
11) AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,873,038(1)
— See Item 5
______________________________________________________________________________
12) CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES o
______________________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.76%
______________________________________________________________________________
14) TYPE
OF REPORTING PERSON
IN
______________________________________________________________________________
(1)
Includes options to purchase an aggregate of 1,690,000 shares of Common Stock
and warrants to purchase an aggregate of 80,000 shares of Common Stock, all
of
which are immediately exercisable and are directly beneficially owned by Mr.
Holtzman. Also includes immediately exercisable warrants to purchase an
aggregate of 147,059 shares of Common Stock, which are indirectly beneficially
owned by Mr. Holtzman. Excludes options to purchase an aggregate of 160,000
shares of Common Stock, 53,333 of which become exercisable on April 24,
2007, 53,333 of which become exercisable on April 24, 2008 and 53,334 of which
become exercisable on April 24, 2009.
SCHEDULE
13D
CUSIP
No. 25057L102
1) NAME
OF REPORTING PERSON
S.S.
OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Evelyn
Holtzman
_____________________________________________________________________________
2) CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o
(b) x
______________________________________________________________________________
3) SEC
USE ONLY
______________________________________________________________________________
4) SOURCE
OF FUNDS NA
______________________________________________________________________________
5) CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR
2(e) o
______________________________________________________________________________
6) CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States of America
______________________________________________________________________________
7) SOLE
VOTING POWER
NUMBER
OF 0
SHARES ____________________________________________________________
BENEFICIALLY
8) SHARED
VOTING POWER
OWNED
BY 0
EACH ____________________________________________________________
REPORTING 9) SOLE
DISPOSITIVE POWER
PERSON 0
WITH ____________________________________________________________
10) SHARED
DISPOSITIVE POWER
0
______________________________________________________________________________
11) AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
—
See
Item 5
______________________________________________________________________________
12) CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES o
______________________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
______________________________________________________________________________
14) TYPE
OF REPORTING PERSON
IN
_____________________________________________________________________________
SCHEDULE
13D
CUSIP
No. 25057L102
1) NAME
OF REPORTING PERSON
S.S.
OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.H.
Holdings, Inc. 23-2512788
_____________________________________________________________________________
2) CHECK
THE APPROPRIATE BOX IF A MEMBER OF A
GROUP (a) o
(b
)
x
______________________________________________________________________________
3) SEC
USE ONLY
______________________________________________________________________________
4) SOURCE
OF FUNDS NA
______________________________________________________________________________
5) CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR
2(e) o
______________________________________________________________________________
6) CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware
______________________________________________________________________________
7) SOLE
VOTING POWER
NUMBER
OF 0
SHARES ____________________________________________________________
BENEFICIALLY
8) SHARED
VOTING POWER
OWNED
BY 0
EACH ____________________________________________________________
REPORTING
9) SOLE
DISPOSITIVE POWER
PERSON 0
WITH ____________________________________________________________
10) SHARED
DISPOSITIVE POWER
0
______________________________________________________________________________
11) AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
—
See
Item 5
______________________________________________________________________________
12) CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES o
______________________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
______________________________________________________________________________
14) TYPE
OF REPORTING PERSON
CO
______________________________________________________________________________
SCHEDULE
13D
CUSIP
No. 25057L102
1) NAME
OF REPORTING PERSON
S.S.
OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jewelcor
Incorporated 24-0858676
_____________________________________________________________________________
2) CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o
(b)
x
______________________________________________________________________________
3) SEC
USE ONLY
______________________________________________________________________________
4) SOURCE
OF FUNDS NA
______________________________________________________________________________
5) CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR
2(e) o
______________________________________________________________________________
6) CITIZENSHIP
OR PLACE OF ORGANIZATION
Pennsylvania
___________________________________________________________________________
7) SOLE
VOTING POWER
NUMBER
OF 0
SHARES ____________________________________________________________
BENEFICIALLY
8) SHARED
VOTING POWER
OWNED
BY 0
EACH ____________________________________________________________
REPORTING
9) SOLE
DISPOSITIVE POWER
PERSON 0
WITH ____________________________________________________________
10) SHARED
DISPOSITIVE POWER
0
______________________________________________________________________________
11) AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
—
See
Item 5
______________________________________________________________________________
12) CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES o
______________________________________________________________________________
13) PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
______________________________________________________________________________
14) TYPE
OF REPORTING PERSON
CO
______________________________________________________________________________
This
Amendment No. 54 amends and supplements the Schedule 13D, dated
November 27, 1998, as amended to date (the “Schedule 13D”), originally
filed with the Securities and Exchange Commission by Jewelcor Management, Inc.
(“JMI”) and others with respect to the common stock, $.01 par value (the “Common
Stock”), of Casual Male Retail Group, Inc., a Delaware corporation (the
“Company”). The address of the principal business and principal offices of the
Company is 555 Turnpike Street, Canton, Massachusetts 02021.
Item
3 of the Schedule 13D, “Source and Amount of Funds or Other Consideration,” is
amended and supplemented by adding the following:
On
May
23, 2006, Mr. Holtzman acquired direct beneficial ownership of immediately
exercisable warrants to purchase 80,000 shares of Common Stock previously
reported as indirectly beneficially owned by Mr. Holtzman through JMI, an entity
of which he is controlling shareholder; such shares were previously reported
as
directly beneficially owned by JMI. Mr. Holtzman delivered a promissory note
to
JMI for $487,400 (or an average of approximately $6.09 per warrant),
representing personal funds.
On
January 27, 2006, options to purchase 160,000 shares of Common Stock owned
by
Mr. Holtzman became immediately exercisable. These options were previously
reported to vest in three equal installments on the successive anniversaries
of
the May 9, 2005 grant date. The shares underlying these options were previously
disclosed in Amendment No. 53 as being beneficially owned by Mr. Holtzman.
On
May 22, 2006, the Company advised JMI that it was increasing JMI’s annual
compensation under JMI’s consulting agreement with the Company to $527,000 from
$412,000, effective May 1, 2006. The Company also paid a bonus of $345,000
to
Mr. Holtzman based on the Company’s 2005 performance.
The
Company also granted to Mr. Holtzman options to purchase 160,000 shares of
Common Stock, 53,333 of which become exercisable on April 24, 2007, 53,333
of which become exercisable on April 24, 2008 and 53,334 of which become
exercisable on April 24, 2009.
Item
5(a)-(c) of the Schedule 13D, “Interest in Securities of the Issuer,” is amended
and supplemented as follows:
As
of May
25, 2006, the Reporting Entities included in this filing beneficially own an
aggregate of 5,873,038 shares of Common Stock, representing approximately 16.76%
of the outstanding shares of Common Stock based upon the 35,038,632 shares
of
Common Stock outstanding as of March 29, 2006 as reported by the Company in
its
Form 10-K filed on March 31, 2006.
As
of May
25, 2006, Seymour Holtzman may be deemed to beneficially own 5,873,038 shares
of
Common Stock, representing an aggregate of approximately 16.76% of the
outstanding shares of Common Stock. Such amount includes options to purchase
an
aggregate of 1,690,000 shares of Common Stock and warrants to purchase an
aggregate of 80,000 shares of
Common
Stock, all of which are immediately exercisable and are directly beneficially
owned by Mr. Holtzman. The 5,873,038 shares of Common Stock also includes
currently exercisable warrants to purchase an aggregate of 147,059 shares of
Common Stock, which are indirectly beneficially owned by Mr. Holtzman through
JMI, an entity of which Mr. Holtzman is controlling shareholder. Mr. Holtzman’s
relationship with JMI is further described in Item 2 of the Schedule
13D.
As
of May
25, 2006, JMI beneficially owned an aggregate of 147,059 shares of Common Stock,
representing approximately 0.42% of the outstanding shares of Common Stock.
JMI
has sole voting and dispositive power over the shares of Common Stock
beneficially owned by it.
All
transactions effected during the 60 days preceding the date of this filing
are
disclosed herein.
SIGNATURES
After
reasonable inquiry and to the best knowledge and belief of the undersigned,
the
undersigned certify that the information set forth in this Statement is true,
complete and correct.
Dated: May
25,
2006
JEWELCOR
MANAGEMENT, INC.
By:/s/
Seymour Holtzman
Name:
Seymour Holtzman
Title:
President
JEWELCOR
INCORPORATED
By:
/s/
Seymour Holtzman
Name:
Seymour Holtzman
Title:
President
S.H.
HOLDINGS, INC.
By:
/s/
Seymour Holtzman
Name:
Seymour Holtzman
Title:
President
/s/
Seymour Holtzman
Seymour
Holtzman
/s/
Evelyn Holtzman
Evelyn
Holtzman