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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Summit Holding Southeast, Inc.
(Name of Issuer)
Common Stock, $.01 par value
(Title of Class of Securities)
866078108
(CUSIP Number)
Daniel S. Loeb
Third Point Management Company L.L.C.
277 Park Avenue, 26th Floor
New York, New York
10172
(212) 350-5170
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 4, 1997
(Date of Event which Requires Filing this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Page 1 of 8
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SCHEDULE 13D
CUSIP No. 866078108
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Third Point Management Company L.L.C.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Not Applicable a[ ]
b[ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
OO
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
7. SOLE VOTING POWER
None
8. SHARED VOTING POWER
SHARES
BENEFICIALLY 447,700
OWNED BY
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON None
WITH
10. SHARED DISPOSITIVE POWER
447,700
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
447,700
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.8%
14. TYPE OF REPORTING PERSON*
00
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SCHEDULE 13D
CUSIP No. 866078108
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Daniel S. Loeb
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Not Applicable a[ ]
b[ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
OO
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
7. SOLE VOTING POWER
None
8. SHARED VOTING POWER
SHARES
BENEFICIALLY 447,700
OWNED BY
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON None
WITH
10. SHARED DISPOSITIVE POWER
447,700
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
447,700
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.8%
14. TYPE OF REPORTING PERSON*
IN
Page 3 of 8
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SCHEDULE 13D
CUSIP No. 866078108
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Third Point Partners L.P.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Not Applicable a[ ]
b[ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
OO
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
7. SOLE VOTING POWER
None
8. SHARED VOTING POWER
SHARES
BENEFICIALLY 361,700
OWNED BY
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON None
WITH
10. SHARED DISPOSITIVE POWER
361,700
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
361,700
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.3%
14. TYPE OF REPORTING PERSON*
PN
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This statement amends and supplements the information set forth in the
Schedule 13D (the "Schedule 13D") filed by the Reporting Persons (as defined
therein) with the Securities and Exchange Commission on June 2, 1997 and
constitutes Amendment No. 1 to the Schedule 13D. Capitalized terms used herein
without definition shall have the meaning assigned to such terms in the Schedule
13D.
Item 3. Sources and Amounts of Funds or Other Consideration
The first sentence of Item 3 is revised and amended in its entirety as
set forth below.
The Funds expended an aggregate of approximately $6,476,981 (including
brokerage commissions, if any) to purchase the 447,700 shares of Common Stock
held by them.
Item 5. Interest in Securities of the Issuer
Items 5(a) through 5(c) are revised and amended in their entirety as
set forth below.
(a)-(b) On the date of this Statement:
(i) Mr. Loeb has beneficial ownership for purposes of Section 13(d) of
the Securities Exchange Act of 1934 ("Beneficial Ownership") of 447,700 shares
of Common Stock by virtue of his position as the managing member of Third Point
L.L.C. Such shares represent 7.8% of the issued and outstanding Common Stock.
Mr. Loeb shares voting power and dispositive power over the Common Stock with
Third Point L.L.C., and with Third Point Partners to the extent Third Point
Partners has Beneficial Ownership of shares of Common Stock.
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(ii) Third Point L.L.C. has Beneficial Ownership of 447,700 shares of
Common Stock by virtue of its position as the investment manager to the Funds.
Such shares represent 7.8% of the issued and outstanding Common Stock. Third
Point L.L.C. shares voting power and dispositive power over the Common Stock
with Mr. Loeb., and with Third Point Partners to the extent Third Point Partners
has Beneficial Ownership of shares of Common Stock.
(iii) Third Point Partners has Beneficial Ownership of 361,700 shares
of Common Stock. Such shares represent 6.3% of the issued and outstanding Common
Stock. Third Point Partners shares voting power and dispositive power over the
Common Stock held by it, with Third Point L.L.C. and Mr. Loeb.
The percentages used herein are calculated based upon the 5,750,000
shares of Common Stock stated to be issued and outstanding as of May 22, 1997,
as reflected in the Company's Final Prospectus dated May 22, 1997 included as
part of the Company's Registration Statement on Form S-1 (File No. 333-16499).
(c) The trading dates, number of shares purchased and price per share
(including commissions, if any) for all transactions by the Reporting Persons
since the filing of the Schedule 13D are set forth in Schedule I hereto. All
such transactions were over-the-counter transactions.
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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. Dated: June 6, 1997
THIRD POINT MANAGEMENT COMPANY L.L.C.
By: /s/ Daniel S. Loeb
-------------------------------
Name: Daniel S. Loeb
Title: Managing Member
/s/ Daniel S. Loeb
------------------------------
Daniel S. Loeb
THIRD POINT PARTNERS L.P.
By: THIRD POINT ADVISORS L.L.C.,
its General Partner
By: /s/ Daniel S. Loeb
-------------------------------
Name: Daniel S. Loeb
Title: Managing Member
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Schedule I
----------
Date Shares Purchased Price Per Share
- ---- ---------------- ---------------
6/4/97 2,000 $17.05
6/4/97 31,000 17.175
6/4/97 30,000 17.375
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