SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
SCHEDULE 13D/A*
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)
Fidelity National Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
316320100
(CUSIP Number)
Jeffrey L. Gendell
237 Park Avenue, 9th Floor, New York, New York 10017 (212) 692-3695
(Name, address and telephone number of person
authorized to receive notices and communications)
April 4, 2002
(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 Rule 13d-1(e), 13d-1(f) or 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 13d-7 for other
parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 14 Pages)
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*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 the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for purposes 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).
CUSIP No. 316320100 13D Page 2 of 14 Pages
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(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
Tontine Partners, L.P.
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
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(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) [ ]
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(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES --------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
57,000
OWNED BY --------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
57,000
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
57,000
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(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
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(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
0.7%
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(14) TYPE OF REPORTING PERSON **
PN
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 316320100 13D Page 3 of 14 Pages
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(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
Tontine Financial Partners, L.P.
-----------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
-----------------------------------------------------------------------------
(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 (7) SOLE VOTING POWER
-0-
SHARES --------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
620,500
OWNED BY --------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
620,500
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
620,500
-----------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
7.1%
-----------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
PN
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 316320100 13D Page 4 of 14 Pages
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(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
Tontine Management, L.L.C.
-----------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
-----------------------------------------------------------------------------
(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 (7) SOLE VOTING POWER
-0-
SHARES --------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
677,500
OWNED BY --------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
677,500
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
677,500
-----------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
7.7%
-----------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
OO
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 316320100 13D Page 5 of 14 Pages
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(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
Tontine Overseas Associates, L.L.C.
-----------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
-----------------------------------------------------------------------------
(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 (7) SOLE VOTING POWER
-0-
SHARES --------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
131,800
OWNED BY --------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
131,800
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
131,800
-----------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
1.5%
-----------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IA
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 316320100 13D Page 6 of 14 Pages
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(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
Jeffrey L. Gendell
-----------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
-----------------------------------------------------------------------------
(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
United States
-----------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES --------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
809,300
OWNED BY --------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
809,300
-----------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
809,300
-----------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
9.2%
-----------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 316320100 13D Page 7 of 14 Pages
Item 1. Security and Issuer.
The Schedule 13D/A, filed on February 28, 2002, relating to the common
stock, no par (the "Common Stock") of Fidelity National Corporation (the
"Company"), whose principal executive offices are located at 3490 Piedmont Road,
Suite 1550, Atlanta, Georgia 30305, is hereby further amended and restated by
this Amendment No. 2 as follows.
Item 2. Identity and Background.
(a) This statement is filed by:
(i) Tontine Partners, L.P., a Delaware limited partnership
("TP"), with respect to the shares of Common Stock directly
owned by it;
(ii) Tontine Financial Partners, L.P., a Delaware limited partnership
("TFP"), with respect to the shares of Common Stock directly
owned by it;
(iii) Tontine Management, L.L.C., a Delaware limited liability company
("TM"), with respect to the shares of Common Stock directly owned
by TP and TFP;
(iv) Tontine Overseas Associates, L.L.C., a Delaware limited liability
company ("TOA"), which serves as the investment manager to TFP
Overseas Fund, Ltd. ("TFPO") and to Tontine Overseas Fund, Ltd.
("TOF"), each a company organized under the laws of the Cayman
Islands, with respect to the shares of Common Stock directly
owned by TFPO and TOF; and
(v) Mr. Jeffrey L. Gendell ("Mr. Gendell") with respect to the
shares of Common Stock directly owned by TP, TFP and TFPO.
The foregoing persons are hereinafter sometimes collectively
referred to as the "Reporting Persons." Any disclosures herein
with respect to persons other than the Reporting Persons are made
on information and belief after making inquiry to the appropriate
party.
(b) The address of the principal business and principal office of TP,
TFP, TM and TOA is 237 Park Avenue, 9th Floor, New York, New York
10017. The business address of Mr. Gendell is 237 Park Avenue, 9th
Floor, New York, New York 10017.
(c) The principal business of each of TP and TFP is serving as a
private investment limited partnership. The principal business of
TM is serving as general partner to TP and to TFP. The principal
business of TOA is that of an investment adviser engaging in the
purchase and sale of securities on behalf of clients. Mr. Gendell
serves as the managing member of TM and TOA.
(d) None of the Reporting Persons has, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
CUSIP No. 316320100 13D Page 8 of 14 Pages
(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.
(f) Each of TP and TFP is a limited partnership organized under the
laws of the State of Delaware. Each of TM and TOA is a limited
liability company organized under the laws of the State of
Delaware. Mr. Gendell is a United States citizen.
Item 3. Source and Amount of Funds and Other Consideration.
The net investment cost (including commissions, if any) of the shares of
Common Stock directly owned by TP, TFP, TFPO and TOF is approximately
$5,623,782. Mr. Gendell, TM and TOA do not directly own any shares of Common
Stock.
The shares of Common Stock purchased by TP, TFP, TFPO and TOF were
purchased with working capital and on margin. TP, TFP, TFPO and TOF conduct
their margin transactions with ABN AMRO Securities LLC, on such firm's usual
terms and conditions. All or part of the shares of Common Stock directly owned
by TP, TFP, TFPO and TOF may from time to time be pledged with one or more
banking institutions or brokerage firms as collateral for loans made by such
bank(s) or brokerage firm(s) to TP, TFP, TFPO and TOF, as the case may be. Such
loans bear interest at a rate based upon the broker's call rate from time to
time in effect. Such indebtedness may be refinanced with other banks or
broker-dealers.
Item 4. Purpose of the Transaction.
The purpose of the acquisition of the shares of Common Stock by the
Reporting Persons is for investment, and the purchases of the shares of Common
Stock by the Reporting Persons were made in the ordinary course of business and
were not made for the purpose of acquiring control of the Company. Although the
acquisition of the shares of Common Stock by the Reporting Persons is for
investment purposes, the Reporting Persons may pursue discussions with
management in an effort to maximize long-term value for shareholders. Each of
the Reporting Persons may make further purchases of shares of Common Stock from
time to time and may dispose of any or all of the shares of Common Stock held by
him or it at any time. None of the Reporting Persons has any plans or proposals
which relate to, or could result in, any of the matters referred to in
paragraphs (b) through (j), inclusive, of Item 4 of the Schedule 13D. Each of
the Reporting Persons may, at any time and from time to time, review or
reconsider his or its position and formulate plans or proposals with respect
thereto, but has no present intention of doing so.
CUSIP No. 316320100 13D Page 9 of 14 Pages
Item 5. Interest in Securities of the Issuer.
A. Tontine Partners, L.P.
(a) Aggregate number of shares beneficially owned: 57,000
Percentage: 0.7% The percentages used herein and in
the rest of Item 5 are calculated based upon the 8,781,628 shares of Common
Stock issued and outstanding as of March 7, 2002 as reflected in the Company's
Form 10-K for the period ending December 31, 2001.
(b) 1. Sole power to vote or direct vote: -0-
2. Shared power to vote or direct vote: 57,000
3. Sole power to dispose or direct the disposition: -0-
4. Shared power to dispose or direct the disposition: 57,000
(c) The trading dates, number of shares of Common Stock purchased
or sold and the price per share for all transactions by TP in the Common Stock
within the last sixty days, which were all in the open market, are set forth in
Schedule A and are incorporated by reference.
(d) TM, the general partner of TP, has the power to direct the
affairs of TP, including decisions respecting the receipt of dividends from, and
the disposition of the proceeds from the sale of, the shares. Mr. Gendell is the
managing member of TM and in that capacity directs its operations.
(e) Not applicable.
B. Tontine Financial Partners, L.P.
(a) Aggregate number of shares beneficially owned: 620,500
Percentage: 7.1%
(b) 1. Sole power to vote or direct vote: -0-
2. Shared power to vote or direct vote: 620,500
3. Sole power to dispose or direct the disposition: -0-
4. Shared power to dispose or direct the disposition: 620,500
(c) The trading dates, number of shares of Common Stock purchased
or sold and the price per share for all transactions by TFP in the Common Stock
within the last sixty days, which were all in the open market, are set forth in
Schedule B and are incorporated by reference.
(d) TM, the general partner of TFP, has the power to direct the
affairs of TFP, including decisions respecting the receipt of dividends from,
and the disposition of the proceeds from the sale of, the shares. Mr. Gendell is
the managing member of TM and in that capacity directs its operations.
(e) Not applicable.
C. Tontine Management, L.L.C.
(a) Aggregate number of shares beneficially owned: 677,500
Percentage: 7.7%
(b) 1. Sole power to vote or direct vote: -0-
2. Shared power to vote or direct vote: 677,500
3. Sole power to dispose or direct the disposition: -0-
4. Shared power to dispose or direct the disposition: 677,500
CUSIP No. 316320100 13D Page 10 of 14 Pages
(c) TM did not enter into any transactions in the Common Stock of
the Company within the last sixty days. The trading dates, number of shares of
Common Stock purchased or sold and the price per share for all transactions in
the Common Stock within the last sixty days on behalf of TP and TFP, which were
all in the open market, are set forth in Schedule A and Schedule B,
respectively, and are incorporated by reference.
(d) Not applicable.
(e) Not applicable.
D. Tontine Overseas Associates, L.L.C.
(a) Aggregate number of shares beneficially owned: 131,800
Percentage: 1.5%
(b) 1. Sole power to vote or direct vote: -0-
2. Shared power to vote or direct vote: 131,800
3. Sole power to dispose or direct the disposition: -0-
4. Shared power to dispose or direct the disposition: 131,800
(c) The trading dates, number of shares of Common Stock purchased
or sold and the price per share for all transactions by TFPO and TOF in the
Common Stock within the last sixty days, which were all in the open market, are
set forth in Schedule C and are incorporated by reference.
(d) Each of the clients of TOA has the power to direct the receipt
of dividends from or the proceeds of the sale of such shares.
(e) Not applicable.
E. Jeffrey L. Gendell
(a) Aggregate number of shares beneficially owned: 809,300
Percentage: 9.2%
(b) 1. Sole power to vote or direct vote: -0-
2. Shared power to vote or direct vote: 809,300
3. Sole power to dispose or direct the disposition: -0-
4. Shared power to dispose or direct the disposition: 809,300
(c) Mr. Gendell did not enter into any transactions in the Common
Stock of the Company within the last sixty days. The trading dates, number of
shares of Common Stock purchased or sold and the price per share for all
transactions in the Common Stock within the last sixty days on behalf of TP,
TFP, TFPO and TOF, which were all in the open market, are set forth in Schedule
A, Schedule B and Schedule C, respectively, and are incorporated by reference.
(d) Not applicable.
(e) Not applicable.
CUSIP No. 316320100 13D Page 11 of 14 Pages
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.
DATED: April 8, 2002
/s/ JEFFREY L. GENDELL
---------------------
Jeffrey L. Gendell, individually, and as
managing member of
Tontine Management, L.L.C.,
general partner of
Tontine Partners, L.P. and
Tontine Financial Partners, L.P. and as
managing member of
Tontine Overseas Associates, L.L.C.
CUSIP No. 316320100 13D Page 12 of 14 Pages
Schedule A
Tontine Partners, L.P.
Price Per Share
Date of Number of Shares (including commissions,
Transaction Purchased/(Sold) if any)
02/26/02 9,900 $7.42
02/27/02 9,500 $7.52
03/05/02 3,500 $7.35
03/11/02 7,300 $7.55
03/12/02 3,000 $7.65
CUSIP No. 316320100 13D Page 13 of 14 Pages
Schedule B
Tontine Financial Partners, L.P.
Price Per Share
Date of Number of Shares (including commissions,
Transaction Purchased/(Sold) if any)
02/13/02 700 $7.18
02/15/02 3,000 $7.53
03/07/02 9,700 $7.52
03/22/02 15,400 $8.02
03/26/02 4,200 $8.13
03/27/02 5,000 $9.18
04/01/02 1,900 $9.05
04/03/02 20,400 $9.19
04/05/02 1,700 $9.47
CUSIP No. 316320100 13D Page 14 of 14 Pages
Schedule C
Tontine Overseas Associates, L.L.C.
Price Per Share
Date of Number of Shares (including commissions,
Transaction Client Purchased/(Sold) if any)
04/04/02 TFPO 17,650 $9.36
04/04/02 TOF 17,650 $9.36
04/05/02 TFPO 40,000 $9.47
04/08/02 TOF 30,000 $9.28