Schedule 13D Riley


UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D
(Rule 13d-1)



(Amendment No. 1)*

National R.V. Holdings, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

637277104

(CUSIP Number)

Bryant R. Riley

11100 Santa Monica Boulevard, Suite 800

Los Angeles, California 90025

(310) 966-1444

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

December 1, 2005

(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 §§240.13d-1(e), 240-13d-1(g) or 240.13d-1(g), check the following box. ý

*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 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).

Exhibit Index on Page 7

Total Pages 9





CUSIP No. 637277104

SCHEDULE 13D/A

Page 2 of 9 Pages




1

Name of Reporting Person

Bryant R. Riley


IRS Identification No. of Above Person

2

Check the Appropriate Box if a member of a Group

(a) ý


(b) ¨

3

SEC USE ONLY

4

Source of Funds

AF

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

SHARES

BENEFICIALLY

OWNED BY EACH

REPORTING

PERSON WITH

7

Sole Voting Power

945,633

8

Shared Voting Power

0

9

Sole Dispositive Power

945,633

10

Shared Dispositive Power

0

11

Aggregate Amount Beneficially Owned by Each Reporting Person

945,633

12

Check Box if the Aggregate Amount in Row 11 Excludes Certain Shares

ý

13

Percent of Class Represented by Amount in Row 11

9.15%

14

Type of Reporting Person

IN






CUSIP No. 637277104

SCHEDULE 13D/A

Page 3 of 9 Pages




1

Name of Reporting Person

SACC Partners, LP


IRS Identification No. of Above Person

2

Check the Appropriate Box if a member of a Group

(a) ý


(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

SHARES

BENEFICIALLY

OWNED BY EACH

REPORTING

PERSON WITH

7

Sole Voting Power

920,133

8

Shared Voting Power

0

9

Sole Dispositive Power

920,133

10

Shared Dispositive Power

0

11

Aggregate Amount Beneficially Owned by Each Reporting Person

920,133

12

Check Box if the Aggregate Amount in Row 11 Excludes Certain Shares

ý

13

Percent of Class Represented by Amount in Row 11

8.90%

14

Type of Reporting Person

PN







CUSIP No. 637277104

SCHEDULE 13D/A

Page 4 of 9 Pages




1

Name of Reporting Person

Riley Investment Management LLC


IRS Identification No. of Above Person

2

Check the Appropriate Box if a member of a Group

(a) ý


(b) ¨

3

SEC USE ONLY

4

Source of Funds

AF

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

SHARES

BENEFICIALLY

OWNED BY EACH

REPORTING

PERSON WITH

7

Sole Voting Power

920,133

8

Shared Voting Power

0

9

Sole Dispositive Power

920,133

10

Shared Dispositive Power

0

11

Aggregate Amount Beneficially Owned by Each Reporting Person

920,133

12

Check Box if the Aggregate Amount in Row 11 Excludes Certain Shares

ý

13

Percent of Class Represented by Amount in Row 11

8.90%

14

Type of Reporting Person

IA







CUSIP No. 637277104

SCHEDULE 13D/A

Page 5 of 9 Pages




1

Name of Reporting Person

B. Riley & Co., Inc.


IRS Identification No. of Above Person

2

Check the Appropriate Box if a member of a Group

(a) ý


(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

SHARES

BENEFICIALLY

OWNED BY EACH

REPORTING

PERSON WITH

7

Sole Voting Power

500

8

Shared Voting Power

0

9

Sole Dispositive Power

500

10

Shared Dispositive Power

0

11

Aggregate Amount Beneficially Owned by Each Reporting Person

500

12

Check Box if the Aggregate Amount in Row 11 Excludes Certain Shares

ý

13

Percent of Class Represented by Amount in Row 11

0.0%

14

Type of Reporting Person

BD







CUSIP No. 637277104

SCHEDULE 13D/A

Page 6 of 9 Pages




1

Name of Reporting Person

B. Riley & Co. Retirement Trust


IRS Identification No. of Above Person

2

Check the Appropriate Box if a member of a Group

(a) ý


(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

SHARES

BENEFICIALLY

OWNED BY EACH

REPORTING

PERSON WITH

7

Sole Voting Power

25,000

8

Shared Voting Power

0

9

Sole Dispositive Power

25,000

10

Shared Dispositive Power

0

11

Aggregate Amount Beneficially Owned by Each Reporting Person

25,000

12

Check Box if the Aggregate Amount in Row 11 Excludes Certain Shares

ý

13

Percent of Class Represented by Amount in Row 11

0.2%

14

Type of Reporting Person

EP






CUSIP No. 637277104

SCHEDULE 13D/A

Page 7 of 9 Pages




Item 4.

Purpose of Transaction.

This item is amended by adding the paragraph below to the end of the item:

“In a letter dated December 1, 2005, Bryant R. Riley repeated the interest of the Reporting Persons and Robert B. Lee in acquiring the shares of the Issuer that they do not already own, and expressed interest in meeting with representatives of the Issuer to discuss the matter. The letter is attached as an exhibit to Amendment No. 1 to Schedule 13D.”

Item 7.

Material to be Filed as Exhibits.

Schedule A – Transactions Since October 2, 2005

Exhibit 99.1 – Letter to National R.V. Holdings, Inc. dated December 1, 2005








CUSIP No. 637277104

SCHEDULE 13D/A

Page 8 of 9 Pages




Signatures

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.

Date: December 1, 2005


 

SACC PARTNERS LP

  
 

By: Riley Investment Management LLC,

 

its General Partner

  
 

By:

/s/ BRYANT R. RILEY

 

Bryant R. Riley, President

  
  
 

RILEY INVESTMENT MANAGEMENT LLC

  
 

By:

/s/ BRYANT R. RILEY

 

Bryant R. Riley, President

  
  
 

B. RILEY & CO. RETIREMENT TRUST

  
 

By:

/s/ BRYANT R. RILEY

 

Bryant R. Riley, Trustee

  
  
 

B. RILEY & CO., INC.

  
 

By:

/s/ BRYANT R. RILEY

 

Bryant R. Riley, Chairman

  
  
 

/s/ BRYANT R. RILEY

 

Bryant R. Riley


Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001).






CUSIP No. 637277104

SCHEDULE 13D/A

Page 9 of 9 Pages




Schedule A


B. Riley & Co., Inc.

  
   

Date

Price

No. of Shares

10/26/2005

$4.75

300

10/7/2005

$5.10

200





SAAC Partners LP

  
   

Date

Price

No. of Shares

11/21/2005

$5.55

(75,000

)*

10/27/2005

$4.75

(158,400

)

10/27/2005

$4.75

100,000

 

10/27/2005

$4.75

158,400

 

10/13/2005

$4.90

2,500

 

10/12/2005

$5.15

2,500

 

10/6/2005

$5.08

8,000

 

 

*These shares were sold before a decision to make a proposal to the Issuer was made to ensure that the Reporting Persons and Mr. Robert Lee would not constitute an “acquiring person” with beneficial ownership of at least 15% of the outstanding shares of the Issuer under that certain Rights Agreement between the Issuer and Continental Stock Transfer & Trust Company dated August 20, 1996.