UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Catalyst Lighting Group, Inc.
(formerly Wentworth III, Inc.)
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(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
950704 10 6
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(CUSIP Number)
Catalyst Lighting Group, Inc.
6777 Camp Bowie Boulevard, Suite 233
Fort Worth, TX 76116
(800) 433-7753
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 27, 2003
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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 ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box. [ ]
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).
CUSIP No. 950704 10 6
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1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons
(entities only).
Dennis H. Depenbusch......................................................
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) ..........X..........................................................
(b) .....................................................................
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3. SEC Use Only
...........................................................................
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4. Source of Funds (See Instructions) (See item 3).......PF..................
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5. Check 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
U.S.A.....................................................................
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Number of 7. Sole Voting Power ..............................3,350....
Shares
Beneficially 8. Shared Voting Power ........................1,607,624....
Owned by
Each 9. Sole Dispositive Power.........................3,350.....
Reporting
Person With 10. Shared Dispositive Power ..................1,607,624.....
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11. Aggregate Amount Beneficially Owned by Each Reporting Person ....1,610,974
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) .......................................................
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13. Percent of Class Represented by Amount in Row (11) ..............47.5%....
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14. Type of Reporting Person (See Instructions)
...IN.....................................................................
CUSIP No. 950704 10 6
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1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons
(entities only).
Darcilyn H. Depenbusch....................................................
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) .....................................................................
(b) ..........X..........................................................
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3. SEC Use Only
...........................................................................
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4. Source of Funds (See Instructions) (See item 3).......PF..................
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5. Check 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
U.S.A.....................................................................
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Number of 7. Sole Voting Power .......................................
Shares
Beneficially 8. Shared Voting Power .......................1,607,624.....
Owned by
Each 9. Sole Dispositive Power...................................
Reporting
Person With 10. Shared Dispositive Power ..................1,607,624.....
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11. Aggregate Amount Beneficially Owned by Each Reporting Person ....1,607,624
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) .......................................................
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13. Percent of Class Represented by Amount in Row (11) ..............47.4%....
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14. Type of Reporting Person (See Instructions)
...IN.....................................................................
CUSIP No. 950704 10 6
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1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons
(entities only).
The Dennis H. Depenbusch Revocable Trust.....512-78-0252..................
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) .....................................................................
(b) ...........X.........................................................
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3. SEC Use Only
...........................................................................
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4. Source of Funds (See Instructions) (See item 3).......PF..................
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5. Check 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
Kansas....................................................................
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Number of 7. Sole Voting Power ..........................1,607,624....
Shares
Beneficially 8. Shared Voting Power .....................................
Owned by
Each 9. Sole Dispositive Power......................1,607,624....
Reporting
Person With 10. Shared Dispositive Power ................................
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11. Aggregate Amount Beneficially Owned by Each Reporting Person .1,607,624...
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) .......................................................
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13. Percent of Class Represented by Amount in Row (11) ..............47.4%....
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14. Type of Reporting Person (See Instructions)
...OO.....................................................................
ITEM 1. SECURITY AND ISSUER.
This Schedule 13D relates to the common stock, par value $0.01 per share
(the "Common Stock") of Catalyst Lighting Group, Inc. (formerly Wentworth III,
Inc.), whose principal executive offices are located at 6777 Camp Bowie
Boulevard, Suite 233, Fort Worth, TX 76116 (the "Issuer").
ITEM 2. IDENTITY AND BACKGROUND.
(a) The names of the reporting persons filing this statement are Dennis H.
Depenbusch ("Mr. Depenbusch"), Darcilyn H. Depenbusch ("Mrs. Depenbusch") and
the Dennis H. Depenbusch Revocable Trust (the "Trust").
(b) The business address of each of Mr. Depenbusch, Mrs. Depenbusch and the
Trust is c/o Catalyst Lighting Group, Inc., 6777 Camp Bowie Boulevard, Suite
233, Fort Worth, TX 76116.
(c) Mr. Depenbusch is the Chief Executive Officer and Chairman of the Board
of Directors of the Issuer, 6777 Camp Bowie Boulevard, Suite 233, Fort Worth, TX
76116. The Issuer is the sole owner of all partnership units of Whitco Company,
LP ("Whitco") a nationwide marketer and distributor of steel and aluminum
outdoor lighting poles. Mr. Depenbusch is also the Co-Trustee of the Trust. Mrs.
Depenbusch is a Co-Trustee of the Trust. The Trust was formed for estate
planning purposes.
(d) Neither Mr. Depenbusch nor Mrs. Depenbusch have been convicted in any
criminal proceedings during the last five years. The Trust has not been
convicted in any criminal proceedings during the last five years.
(e) Neither Mr. Depenbusch nor Mrs. Depenbusch have been a party to any
civil proceedings during the last five years. The Trust has not been a party to
any civil proceedings during the last five years.
(f) Both Mr. Depenbusch and Mrs. Depenbusch are citizens of the United
States. The Trust is organized under the laws of the State of Kansas.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Both Mr. Depenbusch individually and the Trust acquired the securities as a
result of the acquisition of all of the partnership units of Whitco by the
Issuer in exchange for an aggregate of 2,991,368 shares of Common Stock (the
"Acquisition"). Both Mr. Depenbusch individually and the Trust were partners in
Whitco prior to the Acquisition. The single partnership unit of Whitco owned by
Mr. Depenbusch was converted to 3,350 shares of Common Stock. The 479.82
partnership units owned by the Trust in Whitco were converted to 1,607,624
shares of Common Stock.
ITEM 4. PURPOSE OF TRANSACTION.
Both Mr. Depenbusch individually and the Trust acquired the securities as a
result of the Acquisition. Both Mr. Depenbusch and the Trust were partners in
Whitco prior to the Acquisition. The securities issued by the Issuer to Mr.
Depenbusch and the Trust were issued as a result of the Acquisition and for no
other reason.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) Mr. Depenbusch beneficially owns an aggregate of 1,610,974 shares of
Common Stock, representing 47.5% of the outstanding shares of Common Stock of
the Issuer (based, as to the number of outstanding shares, upon the Issuer's
Form SB-2 filed August 12, 2003, with respect to the Acquisition). Mrs.
Depenbusch beneficially owns an aggregate of 1,607,624 shares of Common Stock,
representing 47.4% of the outstanding shares of Common Stock (based, as to the
number of outstanding shares, upon the Issuer's Form SB-2 filed August 12, 2003,
with respect to the Acquisition). The Trust beneficially owns an aggregate of
1,607,624 shares of Common Stock, representing 47.4% of the outstanding shares
of Common Stock of the Issuer (based, as to the number of outstanding shares,
upon the Issuer's Form SB-2 filed August 12, 2003, with respect to the
Acquisition).
(b) Mr. Depenbusch has sole power to vote and dispose or direct the
disposition thereof with respect to the 3,350 shares of common stock owned
individually by him. Mr. Depenbusch has the shared power with Mrs. Depenbusch,
the only other trustee of the Trust, to vote and dispose, or direct the
disposition, of the 1,607,624 shares of Common Stock owned by the Trust.
(c) 3,350 shares reported herein were acquired by Mr. Depenbusch from the
Issuer pursuant to the Acquisition on August 27, 2003. 1,607,624 shares reported
herein were acquired by the Trust from the Issuer pursuant to the Acquisition on
August 27, 2003.
(d) No other person is known to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, the
3,350 shares of Common Stock owned by Mr. Depenbusch individually. Mr and Mrs.
Depenbusch are known to have the shared right to receive or the power to direct
the receipt of dividends from, or the proceeds from the sale of, the 1,607,624
shares of Common Stock owned by the Trust.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
The securities discussed herein are the result of the Securities Exchange
Agreement executed by and between Whitco and the Issuer (the "Exchange
Agreement").
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exchange Agreement.
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.
September 3, 2003
/s/ Dennis H. Depenbusch
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Dennis H. Depenbusch
September 3, 2003
/s/ Dennis H. Depenbusch
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Dennis H. Depenbusch, Co-Trustee
of the Dennis H. Depenbusch Revocable Trust
September 3, 2003
/s/ Darcilyn Depenbusch
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Darcilyn Depenbusch, Co-Trustee
of the Dennis H. Depenbusch Revocable Trust