UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington,
D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. __ )*
Cascade Financial
Corporation
|
(Name of
Issuer)
|
|
Common Stock
|
(Title
of Class of Securities)
|
|
147272108
|
(CUSIP
Number)
|
|
Mr. Craig
Skotdal
|
Skotdal Real
Estate
|
2707 Colby Ave Ste
1200
|
Everett, WA
98201
|
(Name,
Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
|
|
May 1, 2008
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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 Rule
13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box.
o
*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 disclosures provided in a prior cover
page.
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. 147272108
|
|
(1)
Names of reporting persons
Craig Skotdal
|
(2) Check
the appropriate box if a member of a group (see instructions)
(a)
x
(b)
o
|
(3)
SEC use only
|
(4)
Source of funds (see instructions)
PF
|
(5)
Check if disclosure of legal proceedings is
required pursuant to Items 2(d) or 2(e)
o
|
(6) Citizenship
or place of organization
United States
|
Number
of shares beneficially owned by each reporting person with:
|
|
(7)
Sole Voting
Power
1,043,794 (8.66%)
|
(8)
Shared Voting
Power
0
(0%)
|
(9)
Sole Dispositive
Power
367,925
(3.05%)
|
(10)
Shared Dispositive
Power
0
(0%)
|
(11)
Aggregate Amount Beneficially Owned by Each Reporting Person
1,043,794
|
(12)
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
o
|
(13)
Percent of Class Represented by Amount in Row (11)
8.66%
|
(14)
Type of Reporting Person (See Instructions)
IN
|
CUSIP No. 147272108
|
|
(1)
Names of reporting persons
Andrew Skotdal
|
(2)
Check the appropriate box if a member
of a group (see instructions)
(a)
x
(b)
o
|
(3)
SEC use only
|
(4)
Source of funds (see instructions)
PF
|
(5)
Check if disclosure of legal proceedings is
required pursuant to Items 2(d) or 2(e)
o
|
(6)
Citizenship or place of organization
United States
|
Number
of shares beneficially owned by each reporting person with:
|
|
(7)
Sole Voting
Power
0
(0%)
|
(8)
Shared Voting
Power
0
(0%)
|
(9)
Sole Dispositive
Power
346,571
(2.88%)
|
(10)
Shared Dispositive
Power
0
(0%)
|
(11)
Aggregate Amount Beneficially Owned by Each Reporting Person
346,571
|
(12) Check
if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
o
|
(13)
Percent of Class Represented by Amount in Row (11)
2.88%
|
(14)
Type of Reporting Person (See Instructions)
IN
|
CUSIP No. 147272108
|
|
(1)
Names of reporting persons
Skotdal Quality Investments, L.L.C.
|
(2)
Check the appropriate box if a member
of a group (see instructions)
(a)
x
(b)
o
|
(3)
SEC use only
|
(4)
Source of funds (see instructions)
WC
|
(5) Check
if disclosure of legal proceedings is required pursuant to Items 2(d) or
2(e)
o
|
(6)
Citizenship or place of organization
Washington (See Item 2 for More Information)
|
Number
of shares beneficially owned by each reporting person with:
|
|
(7)
Sole Voting
Power
0
(0%)
|
(8)
Shared Voting
Power
0
(0%)
|
(9)
Sole Dispositive
Power
243,665
(2.02%)
|
(10)
Shared Dispositive
Power
0
(0%)
|
(11)
Aggregate Amount Beneficially Owned by Each Reporting Person
243,665
|
(12)
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
o
|
(13)
Percent of Class Represented by Amount in Row (11)
2.02%
|
(14)
Type of Reporting Person (See Instructions)
OO
|
CUSIP No. 147272108
|
|
(1)
Names of reporting persons
Skotdal Enterprises, Inc
|
(2)
Check the appropriate box if a member
of a group (see instructions)
(a)
x
(b)
o
|
(3)
SEC use only
|
(4)
Source of funds (see instructions)
WC
|
(5) Check
if disclosure of legal proceedings is required pursuant to Items 2(d) or
2(e)
o
|
(6)
Citizenship or place of organization
Washington (See Item 2 for More Information)
|
Number
of shares beneficially owned by each reporting person with:
|
|
(7)
Sole Voting
Power
0
(0%)
|
(8)
Shared Voting
Power
0
(0%)
|
(9)
Sole Dispositive
Power
50,000
(0.042%)
|
(10)
Shared Dispositive
Power
0
(0%)
|
(11)
Aggregate Amount Beneficially Owned by Each Reporting Person
50,000
|
(12) Check
if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
o
|
(13)
Percent of Class Represented by Amount in Row (11)
0.042%
|
(14)
Type of Reporting Person (See Instructions)
CO
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CUSIP No. 147272108
|
|
(1)
Names of reporting persons
Arthur & Marianne Skotdal Revocable Trust
|
(2)
Check the appropriate box if a member
of a group (see instructions)
(a)
x
(b)
o
|
(3)
SEC use only
|
(4)
Source of funds (see instructions)
OO
|
(5)
Check if disclosure of legal proceedings is
required pursuant to Items 2(d) or 2(e)
o
|
(6)
Citizenship or place of organization
N/A (See Item 2 for More Information)
|
Number
of shares beneficially owned by each reporting person with:
|
|
(7)
Sole Voting
Power
0
(0%)
|
(8)
Shared Voting
Power
0
(0%)
|
(9)
Sole Dispositive
Power
35,633 (0.030%)
|
(10)
Shared Dispositive
Power
0 (0%)
|
(11)
Aggregate Amount Beneficially Owned by Each Reporting Person
35,633
|
(12)
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
o
|
(13)
Percent of Class Represented by Amount in Row (11)
0. 030%
|
(14)
Type of Reporting Person (See Instructions)
OO
|
Item 1. Security and Issuer
Common Stock
Cascade Financial Corporation
2828 Colby Avenue
Everett, WA 98201
Item 2. Identity and
Background
|
|
(a)
Name of Group Member: Craig G. Skotdal
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(b)
Address: 2707 Colby Ave., Suite 1200, Everett, WA 98201
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(c)
Principal occupation and employer: Manager at Skotdal Enterprises,
Inc.,
a real estate development and management firm at 2707 Colby Ave.,
Suite1200,
Everett, WA 98201.
|
(d)
Criminal convictions within five years: None
|
(e)
Securities law violations within five years: None
|
(f)
Citizenship: U.S.A.
|
|
(a)
Name of Group Member: Skotdal Quality Investments,
L.L.C.
|
(b)
State of Organization: State of Washington.
|
(c)
Address: 2707 Colby Ave., Suite 1200, Everett, WA 98201
|
(d)
Principal Business: Passive Investments.
|
(e)
Criminal convictions within five years: None
|
(f)
Securities law violations within five years: None
|
|
(a)
Name of Group Member: Skotdal Enterprises, Inc.
|
(b)
State of Organization: State of Washington.
|
(c)
Address: 2707 Colby Ave., Suite 1200, Everett, WA 98201
|
(d)
Principal Business: Real Estate
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(e)
Criminal convictions within five years: None
|
(f)
Securities law violations within five years: None
|
|
(a)
Name of Group Member: Arthur & Marianne Revocable Living
Trust
|
(b)
State of Organization: N/A
|
(c)
Address: 2707 Colby Ave., Suite 1200, Everett, WA 98201
|
(d)
Principal Business: N/A
|
(e)
Criminal convictions within five years: None
|
(f)
Securities law violations within five years: None
|
|
(a)
Name of Group Member: Andrew P. Skotdal
|
(b)
Address: P.O. Box 5267, Everett, WA 98206-5267
|
(c)
Principal occupation and employer: Manager at KRKO Radio, a
radio
|
station with
offices at 2707 Colby Ave., Suite 1380, Everett, WA 98201
|
(d)
Criminal convictions within five years: None
|
(e)
Securities law violations within five years: None
|
(f)
Citizenship: U.S.A.
|
Item 3. Source and Amount of Funds
or Other Consideration
All recent purchase reported in
Item 4(b) below were for cash with personal funds and not borrowed, and to the
best of the undersigned’s knowledge, all shares previously accumulated were
purchased for cash from personal funds and not borrowed.
Item 4. Purpose of Transaction
The shares were acquired solely
for investment purposes. Members of the group may acquire additional
shares for investment. Members of the group have no present plans or
proposals for any extraordinary corporate changes or transactions concerning the
issuer. However, Craig Skotdal is a member of the board of directors of
the Issuer.
Item 5. Interest in Securities of
the Issuer.
(a) Based on information
received from the Issuer, the aggregate number of shares outstanding of the
class identified pursuant to Item 1 is 12,047,927.
Craig
Skotdal
|
|
Sole Voting
Power
1,043,794 (8.66%)
|
Shared Voting
Power
0
(0%)
|
Sole
Dispositive
Power
367,925
(3.05%)
|
Shared
Dispositive
Power
0
(0%)
(with Andrew
Skotdal)
|
Aggregate
Amount Beneficially
Owned by Each
Reporting
Person
1,043,794 (8.66%)
|
Andrew
Skotdal
|
|
Sole Voting
Power
0
(0%)
|
Shared Voting
Power
0
(0%)
|
Sole
Dispositive
Power
346,571
(2.88%)
|
Shared
Dispositive
Power
0
(0%)
(with Craig
Skotdal)
|
Aggregate
Amount Beneficially
Owned by Each
Reporting
Person
346,571
(2.88%)
|
Skotdal Quality Investments,
L.L.C.
|
|
Sole Voting
Power
0
(0%)
|
Shared Voting
Power
0
(0%)
|
Sole
Dispositive
Power
243,665
(2.02%)
|
Shared
Dispositive
Power
0
(0%)
|
Aggregate
Amount Beneficially
Owned by Each
Reporting
Person
243,665
(2.02%)
|
Arthur & Marianne Skotdal
Revocable Living Trust
|
|
Sole Voting
Power
0
(0%)
|
Shared Voting
Power
0
(0%)
|
Sole
Dispositive
Power
35,633
(0.030%)
|
Shared
Dispositive
Power
0
(0%)
|
Aggregate
Amount Beneficially
Owned by Each
Reporting
Person
35,633
(0.030%)
|
Skotdal Enterprises,
Inc.
|
|
Sole Voting
Power
0
(0%)
|
Shared Voting
Power
0
(0%)
|
Sole
Dispositive
Power
50,000
(0.042%)
|
Shared
Dispositive
Power
0
(0%)
|
Aggregate
Amount Beneficially
Owned by Each
Reporting
Person
50,000
(0.042%)
|
(b)
Craig
Skotdal
May 9,
2008
10,000
shares purchased
$10.45/Share
Ordinary
Broker Transaction
May 2,
2008
25,000 shares purchased
$10.55/Share
Ordinary Broker Transaction
April 28, 2008
1,000 shares purchased
$11.01/Share
Ordinary Broker Transaction
Andrew
Skotdal
May 9,
2008
10,000
shares purchased
$10.45/Share
Ordinary
Broker Transaction
May 2,
2008
25,000 shares purchased
$10.55/Share
Ordinary Broker Transaction
April 28, 2008
1,000 shares purchased
$11.01/Share
Ordinary Broker Transaction
Skotdal Quality Investments, L.L.C.
No transactions in last sixty (60) days.
Skotdal Enterprises
May 9,
2008
10,000
shares purchased
$10.45/Share
Ordinary
Broker Transaction
May 5,
2008
2,500 shares purchased
$11.05/Share
Ordinary Broker Transaction
May 2, 2008
20,000 shares purchased
$10.55/Share
Ordinary Broker Transaction
Arthur &
Marianne Skotdal Revocable Living Trust
May 9, 2008
13,000 shares purchased
$10.45/Share
Ordinary Broker Transaction
Note: shares previously
reported as being owned by Arthur W. Skotdal have been transferred to the Arthur
& Marianne Skotdal Revocable Living Trust.
Item 6. Contracts, Arrangements,
Understandings or Relationships With Respect to Securities of the Issuer.
Pursuant to the agreement attached
hereto as Exhibit 99.1, Craig Skotdal has the right to vote the shares owned by
Andrew Skotdal, Skotdal Enterprises, Inc., Skotdal Quality Investments, L.L.C.,
and Arthur & Marianne Skotdal Revocable Living Trust.
Item 7. Material to be Filed as
Exhibits.
EXHIBIT
99.1
VOTING AGREEMENT
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.
May
9,
2008
|
Skotdal Quality Investments, L.L.C.
|
|
by /s/ Craig Skotdal
|
|
Craig Skotdal, Manager
|
|
|
May
9,
2008
|
/s/ Andrew P. Skotdal
|
|
Andrew P. Skotdal
|
|
|
May
9,
2008
|
/s/ Craig G. Skotdal
|
|
Craig G. Skotdal
|
|
|
May
9,
2008
|
Skotdal Enterprises, Inc.
|
|
by /s/ Craig G. Skotdal
|
|
Craig G. Skotdal, President
|
|
|
May
9, 2008
|
Arthur & Marianne Skotdal Revocable Living Trust
|
|
by
/s/ Craig G. Skotdal
|
|
Craig G. Skotdal, Trustee
|