SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULES 13d-1(b) AND (c) AND AMENDMENTS
THERETO FILED PURSUANT TO 13d-2(b)
TROPICAL SPORTSWEAR INT'L CORPORATION
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
89708P-10-2
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(CUSIP Number)
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CUSIP No. 89708P-10-2 13G Page 2 of 6
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Accel, S.A. de C.V.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a):
(b):
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3 SECURITIES USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Mexican Corporation
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NUMBER OF 5 SOLE VOTING POWER
0
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SHARES BENEFICIALLY 6 SHARED VOTING POWER
1,600,450
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OWNED BY EACH 7 SOLE DISPOSITIVE POWER
0
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REPORTING PERSON 8 SHARED DISPOSITIVE POWER
WITH
1,600,450
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,600,450
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
:
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
21.1%
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12 TYPE OF REPORTING PERSON
CO
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Basis asserted, among others, for use of this form: continued ownership of
shares by investor as a person in the business of investing.
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CUSIP No. 89708P-10-2 13G Page 3 of 6
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Eloy S. Vallina-Laguera
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a):
(b):
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3 SECURITIES USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Citizen of Mexico
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NUMBER OF 5 SOLE VOTING POWER
0
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SHARES BENEFICIALLY 6 SHARED VOTING POWER
1,600,450
----------------------------------------------------------
OWNED BY EACH 7 SOLE DISPOSITIVE POWER
0
----------------------------------------------------------
REPORTING PERSON 8 SHARED DISPOSITIVE POWER
WITH
1,600,450
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,600,450
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
:
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
21.1%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
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Basis asserted, among others, for use of this form: continued ownership of
shares by investor as a person in the business of investing.
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Page 4 of 6
SCHEDULE 13G
Item 1(a). Name of issuer:
Tropical Sportswear Int'l Corporation, a Florida corporation
(the "Issuer")
Item 1(b). Address of Issuer's Principal Executive Offices:
4902 West Waters avenue
Tampa, Florida ###-##-####
Item 2(b). Name of Person Filing:
This statement is being filed on behalf of the following
entities and individual (collectively, the "Filing Parties"):
Accel, S.A. de C.V. ("Accel"); and
Eloy S. Vallina-Laguera (Mr. Vallina)
Item 2(b)
and 2(c). Address of Principal Business Office or, if None, residence:
Accel, S.A. de C.V.
Virginia Fabregas no. 80
Col. San Rafael
06470 Mexico, D.F.
Mexican Corporation
Eloy S. Vallina-Laguera
Av. Zarco No. 2401
Col. Zarco. 1756-1000
Chihuahua, Chihuahua
Mexico
Citizen of Mexico
Item 2(d). Title of Class of Securities:
Common Stock (hereinafter, the "Common Stock")
Item 2(e). CUSIP Number:
89708P-10-2
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Page 5 of 6
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
Not Applicable.
Item 4. Ownership.
Immediately prior to the Issuer's initial public offering on
October 28, 1997, Accel beneficially owned 2,250,450 shares of
the Issuer, or 37.5% of the then outstanding Common Stock of
the Issuer. Of the Common Stock sold in the Issuer's initial
public offering, 650,000 shares of Common Stock were sold by
Accel. As of October 31, 1997, Accel owned 1,600,450 shares of
Common Stock, or 21.1% of the then outstanding Common Stock of
the Issuer. Accel has the sole voting and dispositive power
with respect to such shares.
Mr. Vallina owns approximately 146,791,190 shares or
approximately 42.0% of the outstanding common stock of Accel.
In addition, he controls companies that hold approximately
30,486,620 shares or approximately 8.8% of the outstanding
common stock of Accel.
Item 5. Ownership of five Percent or Less of a Class.
Not Applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company.
Not Applicable.
Item 8. Identification and Classification of Members of the Group.
This Schedule 13G is being filed pursuant to Rule 13d-1(b) and (c).
The Filing Parties are: Accel, S.A. de C.V., a Mexican corporation,
and Eloy S. Vallina-Laguera, a citizen of Mexico and majority
shareholder of Accel.
Item 9. Notice of Dissolution of Group.
Not Applicable.
Item 10. Certification.
By signing below, the undersigned certifies that, to the best
of my knowledge and belief, the securities referred to above
were acquired in the ordinary course of business and were not
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Page 6 of 6
acquired for the purpose of and do not have the effect of
changing or influencing the control of the Issuer of such
securities and were not acquired in connection with or as a
participant in any transaction having such purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
ACCEL, S.A. DE C.V.
DATED: February 13, 1998 By: /s/ Jesus Alvarez-Morodo
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Jesus Alvarez-Morodo
President and Chief Executive Officer
ELOY S. VALLINA-LAGUERA
DATED: February 13, 1998 By: /s/ Eloy S. Vallina-Laguera
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Eloy S. Vallina-Laguera
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EXHIBIT A
JOINT FILING AGREEMENT
AGREEMENT (the "Agreement"), dated as of February 13, 1998
between Accel, S.A. de C.V., a Mexican Corporation ("Accel") and Eloy S.
Vallina-Laguera, an individual ("Mr. Vallina").
WHEREAS, Accel and Mr. Vallina each owns in excess of five
percent (5%) of the shares of the issued and outstanding common stock ("TSI
Common Stock") of Tropical Sportswear Int'l Corporation, a Florida corporation;
and
WHEREAS, pursuant to Rule 13d-1(f)(1) under the Securities Act
of 1934, as amended (the "Act"), Accel and Mr. Vallina may jointly file a
statement on Schedule 13G with the Securities and Exchange Commission (the
"SEC") with respect to their respective beneficial ownership of shares of TSI
Common Stock;
NOW, THEREFORE, in consideration of the covenants and
provisions set forth below, the parties hereto agree as follows:
1. Accel and Mr. Vallina hereby agree to jointly file a
statement on Schedule 13G and any amendments thereto with the SEC on behalf of
each of them with respect to their respective beneficial ownership of shares of
TSI Common Stock.
2. Accel and Mr. Vallina hereby authorize Jesus
Alvarez-Morodo as agent to receive all notices and communications from the SEC
to Accel and Mr. Vallina for all matters including matters relating to the
Schedule 13G.
IN WITNESS WHEREOF, the parties hereto have caused this
Agreement to be executed by their duly authorized representatives as of the date
first written above.
ACCEL, S.A. DE C.V.
By: /s/ Jesus Alvarez-Morodo
---------------------------------
Name: Jesus Alvarez-Morodo
Title: President and CEO
/s/ Eloy S. Vallina-Laguera
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Eloy S. Vallina-Laguera
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