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Richard Pickup

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BUSINESS
August 16, 1994
Shareholders of Pac Rim Holding Corp. on Monday approved a previously announced deal that will pump $20 million into a wholly owned subsidiary that writes workers' compensation insurance in California. The cash infusion is being made by PRAC Ltd., an investment partnership controlled by Newport Beach investor Richard Pickup. In return, PRAC and Pickup will receive convertible debentures and warrants for common stock of Woodland Hills-based Pac Rim Holding Corp.
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BUSINESS
May 31, 1996
Dito Devcar Corp. and its affiliates raised their joint stake in Fidelity National Financial Inc. to 9.4% of the company's outstanding common shares. The Las Vegas-based investment group led by Richard Pickup purchased 439,000 shares at $12 to $13.375 a share from April 26 to May 14, according to a statement filed Thursday with the Securities and Exchange Commission by Irvine-based Fidelity National, a title insurance company. The group now holds 1.17 million shares in Fidelity National.
BUSINESS
September 20, 1994
Pac Rim Holding Corp. said that 602,000 of its common shares, owned by First Interstate Bank, were sold in private-placement to a group of investors for $1.505 million, or $2.50 per share. The shares, acquired by First Interstate through a loan foreclosure, were sold to a group including a company run by Richard Pickup of Newport Beach, who controls about 10% of the outstanding shares of Pac Rim.
BUSINESS
August 23, 1994
Pac Rim Holding Corp., a Woodland Hills workers' compensation insurer, said it has elected a new chairman and completed $20 million in financing. The new chairman, Robert M. Anderson, 51, is the owner, president and chief executive of Anderson and Anderson Insurance Brokers Inc. in Irvine. He and four other new Pac Rim board members replace five former board members who have resigned, including former chairman Chester I. Lappen.
BUSINESS
May 17, 1994
Pac Rim Holding Corp., a Woodland Hills workers' compensation insurer, reported a $1.08-million loss in the first quarter. A year ago, the company earned $58,000. Its revenue in the three months ended March 31 was $23.6 million, up from the $23.3 million in first-quarter revenue in 1993. Pac Rim said that continuing concern by agents, brokers and policyholders about its financial strength and lack of capital hurt its ability to renew policies and acquire new business in the first quarter.
BUSINESS
December 1, 1992
A Newport Beach investor has increased his stake in Pac Rim Holding Corp. of Encino and now holds 9.9% of the workers' compensation company's common stock, according to a Securities and Exchange Commission filing. Richard H. Pickup bought 95,300 shares between Sept. 18 and Oct. 13 for $3.12 to $3.25 each. That boosted his total investment in Pac Rim to 957,300 shares, according to the filing.
BUSINESS
June 16, 1992
A securities executive has raised his stake in Pac Rim Holding Corp. to 6.8% of the Woodland Hills-based provider of workers' compensation insurance. In a filing with the Securities and Exchange Commission, Richard H. Pickup, vice president of Wedbush Morgan Securities Inc., said he bought an additional 111,000 Pac Rim shares between April 7 and May 27 for investment purposes. Pickup, who paid between $3.62 and $4.
BUSINESS
October 14, 1993 | JAMES S. GRANELLI and GREG JOHNSON, TIMES STAFF WRITERS
Four Orange County investors, led by title insurance industry executive William P. Foley II, have agreed to pay off a $4.8-million bank debt for Carl N. Karcher, a move that should ease the fast-food magnate's personal financial crisis. The deal, which could be completed as soon as today, calls for the investors to take control of 641,000 shares of Carl Karcher Enterprises that Karcher had pledged as collateral to Commercial Center Bank in Anaheim for the loan.
BUSINESS
April 19, 1994
Pac Rim Holding Corp., a Woodland Hills workers' compensation insurer, said it will issue $20 million of convertible debt securities to an investment partnership. The company also will issue warrants to purchase 3.8 million shares of its common stock to the partnership. The partnership, PRAC Ltd., is controlled by Richard Pickup of Newport Beach, who controls 9.9% of Pac Rim's outstanding shares through various investment entities.
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