SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Anchor Glass Container Corporation
(Name of Issuer)
Series A 10% Cumulative Convertible Preferred Stock, $.10 par value
(Title of Class of Securities)
033038308
(CUSIP Number)
CoMac Partners, L.P.
1 Greenwich Office Park, 3rd Floor
Greenwich, CT 06831
(203) 552-6900
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
June 5, 1998
(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 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 16 pages
<PAGE>
SCHEDULE 13D
CUSIP No. 033038308 Page 2 of 16 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CoMac Partners, L.P.
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) See Item 5
- --------------------------------------------------------------------------------
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
DELAWARE
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
62,102
NUMBER OF
SHARES --------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY Not Applicable
EACH REPORTING
PERSON --------------------------------------------------------------
WITH 9) SOLE DISPOSITIVE POWER
62,102
--------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
Not Applicable
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
62,102
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [_]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.8%
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP No. 033038308 Page 3 of 16 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CoMac International N.V. Not Applicable
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) See Item 5
- --------------------------------------------------------------------------------
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
Netherlands Antilles
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
46,454
NUMBER OF
SHARES --------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY Not Applicable
EACH REPORTING
PERSON --------------------------------------------------------------
WITH 9) SOLE DISPOSITIVE POWER
46,454
--------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
Not Applicable
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
46,454
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [_]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.1%
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP No. 033038308 Page 4 of 16 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CoMac Opportunities Fund, L.P.
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) See Item 5
- --------------------------------------------------------------------------------
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
DELAWARE
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 2,049
SHARES --------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY
EACH REPORTING Not Applicable
PERSON --------------------------------------------------------------
WITH 9) SOLE DISPOSITIVE POWER
2,049
--------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
Not Applicable
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,049
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [_]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than .1%
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP No. 033038308 Page 5 of 16 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CoMac Endowment Fund, L.P.
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) See Item 5
- --------------------------------------------------------------------------------
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
DELAWARE
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
27,241
NUMBER OF
SHARES --------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY
EACH REPORTING Not Applicable
PERSON --------------------------------------------------------------
WITH 9) SOLE DISPOSITIVE POWER
27,241
--------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
Not Applicable
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
27,241
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [_]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.2%
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP No. 033038308 Page 6 of 16 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Christopher M. Mackey
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) See Item 5
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS
PF
- --------------------------------------------------------------------------------
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
42
NUMBER OF
SHARES --------------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY
EACH REPORTING 137,846(See Item 5)
PERSON --------------------------------------------------------------
WITH 9) SOLE DISPOSITIVE POWER
42
--------------------------------------------------------------
10) SHARED DISPOSITIVE POWER
137,846 (See Item 5)
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
137,888 (See Item 5)
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [_]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.2%
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
ITEM 1. SECURITY AND ISSUER.
This Statement on Schedule 13D (the "Statement") relates to the Series
A 10% Cumulative Convertible Preferred Stock, $.10 par value (the "Preferred
Stock"), of Anchor Glass Container Corporation, a Delaware corporation (the
"Company"). The principal executive offices of the Company are located at 4343
Anchor Plaza Parkway, Tampa, FL 33634-7513.
ITEM 2. IDENTITY AND BACKGROUND.
(a) - (c) This statement is being filed by CoMac Partners, L.P. ("CoMac
Partners"), CoMac International N.V. ("CoMac International"), CoMac
Opportunities Fund, L.P.("CoMac Opportunities"), CoMac Endowment Fund, L.P.
("CoMac Endowment"), and Christopher M. Mackey. CoMac Partners, CoMac
International, CoMac Opportunities, CoMac Endowment and Christopher M. Mackey
are collectively referred to as the "Reporting Persons."
CoMac Opportunities is a Delaware limited partnership engaged in
certain investment activities, including, but not limited to, (i) the purchase
of marketable and non-marketable securities and other obligations of bankrupt or
near bankrupt companies and (ii) the purchase of securities in entities which
appear to be undervalued.
CoMac International is a Netherlands Antilles corporation which engages
in certain investment activities similar in nature to the activities engaged in
by CoMac Opportunities.
CoMac Endowment is a Delaware limited partnership which engages in
certain investment activities similar in nature to the activities engaged in by
CoMac Opportunities.
CoMac Partners is a Delaware limited partnership which engages in
certain investment activities similar in nature to the activities engaged in by
CoMac Opportunities.
Christopher M. Mackey is an executive officer, director and 50%
shareholder of CoMac Advisers, Inc., a Delaware corporation ("CoMac Inc."),
which is the sole general partner of CoMac Associates, L.P., a Delaware limited
partnership ("CoMac LP"). CoMac LP is the sole general partner of CoMac
Partners. CoMac Inc. is the sole general partner of CoMac Opportunities and
CoMac Endowment. Mr. Mackey is an executive officer, director and 50%
shareholder of CMS Advisers Inc., a Delaware corporation ("CMS Inc."), the
investment adviser to CoMac International. CMS Inc. makes all investment and
trading decisions for CoMac International.
7
<PAGE>
The business address and the address of the principal executive office
of each of CoMac Partners, CoMac Opportunities and CoMac Endowment is 1
Greenwich Office Park, 3rd Floor, Greenwich, CT 06831. The business address and
the address of the principal executive office of CoMac International is c/o
CITCO Fund Services, Kaya Flamboyan 9, P.O. Box 812, Curacao, Netherlands
Antilles. The business address of Christopher M. Mackey is c/o CoMac Partners, 1
Greenwich Office Park, 3rd Floor, Greenwich, CT 06831.
The name, business address and present principal occupation or
employment of each of the executive officers and directors of CoMac Inc. are set
forth on Schedule I annexed hereto, which is incorporated herein by reference.
The name, business address and present principal occupation or
employment of each of the executive officers and directors of CMS Inc. are set
forth on Schedule II annexed hereto, which is incorporated herein by reference.
(d) - (e) During the last five years, none of the Reporting Persons,
and, to the best knowledge of the Reporting Persons, none of the persons listed
on Schedule I or Schedule II hereto, has been convicted in a criminal proceeding
(excluding traffic violations and similar misdemeanors) or has been a party to a
civil proceeding of a judicial or administrative body of competent jurisdiction
and as a result of such proceeding was or is subject to a judgment, decree or
final order enjoining future violations of, or prohibiting or mandating
activities subject to, Federal or state securities laws or finding any violation
with respect to such laws.
(f) Each natural person identified in this Item 2 is a citizen of the
United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Pursuant to that certain Second Amended Joint Chapter Liquidating Plan
of Reorganization of Anchor Resolution Corp. and Anchor Recycling Corporation
dated September 17, 1997, as amended, confirmed by the United Stated Bankruptcy
Court for the District of Delaware on November 11, 1997 (the "Plan"), the
Company's Class A Common Stock, $.10 par value (the "Common Stock") and the
Preferred Stock, were distributed on or about June 5, 1998.
The Common Stock and Preferred Stock issued to the Reporting Persons
was so issued in partial consideration of the pre-petition indebtedness and
trade claims of the Company held by the Reporting Persons as follows:
8
<PAGE>
Pre-petition Pre-petition
Reporting Person Indebtedness Trade Claims
- ---------------- ------------ ------------
CoMac Partners $9,996,000 $8,018,131.86
CoMac International $11,008,000 $2,995,555.16
CoMac Opportunities $64,000 $490,555.71
CoMac Endowment $3,060,000 $4,643,640.97
Christopher M. Mackey $13,000 $0.00
Such pre-petition indebtedness and trade claims were acquired by the
Reporting Persons at various times and for varying prices.
Additional Common Stock and Preferred Stock and Warrants to acquire
Common Stock and Warrants to acquire the Company's Class C Common Stock are
expected to be issued in the future to the Reporting Persons under the Plan in
respect of the aforementioned pre-petition indebtedness and trade claims.
ITEM 4. PURPOSE OF TRANSACTION.
The Reporting Persons acquired beneficial ownership of the shares of
Preferred Stock to which this statement relates for investment. The Reporting
Persons have had and may continue to have discussions with other shareholders
and management of the Company concerning actions which could be taken to enhance
shareholder value. Mr. Mackey was elected a director of the Company on June 9,
1998.
The Reporting Persons are expected to receive additional securities of
the Company in accordance with the Plan. See Item 3.
The Reporting Persons may acquire additional shares of Preferred Stock
or other securities of the Company or sell or otherwise dispose of any or all of
the shares of Preferred Stock or other securities of the Company beneficially
owned by them. The Reporting Persons may take any other action with respect to
the Company or any of its debt or equity securities in any manner permitted by
law.
Except as disclosed in this Item 4, the Reporting Persons have no
current plans or proposals which relate to or would result in any of the events
described in Items (a) through (j) of the instructions to Item 4 of Schedule
13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The Reporting Persons beneficially own an aggregate of 137,888
shares of Preferred Stock, representing
9
<PAGE>
approximately 6.2% of the shares of outstanding Preferred Stock./1/ CoMac
Partners owns 62,102 shares of Preferred Stock representing approximately 2.8%
of the shares of Preferred Stock outstanding; CoMac International owns 46,454
shares of Preferred Stock representing approximately 2.1% of the shares of
Preferred Stock outstanding; CoMac Opportunities owns 2,049 shares of Preferred
Stock representing less than .1 % of the shares of Preferred Stock outstanding;
CoMac Endowment owns 27,241 shares of Preferred Stock representing approximately
1.2% of the shares of Preferred Stock outstanding; and Christopher M. Mackey
owns 42 shares of Preferred Stock representing less than.1% of the shares of
Preferred Stock outstanding.
Reference is made to the Reporting Persons' Statement on Schedule 13D,
of even date, with respect to the Common Stock for information concerning the
Reporting Persons' ownership of the Common Stock.
(b) By reason of his position as co-chairman, secretary and 50%
shareholder of CoMac Inc. and CMS Inc. (see Item 2), Christopher M. Mackey may
be deemed to possess the power to vote and dispose of the shares of Common Stock
beneficially owned by CoMac Partners, CoMac Opportunities, CoMac Endowment and
CoMac International. Pursuant to Rule 13d-4 promulgated under the Securities Act
of 1934, as amended, Mr. Mackey disclaims beneficial ownership of such shares.
(c) On June 5, 1998, the Reporting Persons received distributions of
Common Stock and Preferred Stock pursuant to the Plan. Except for such
distributions, the Reporting Persons have not effected any transactions in the
Common Stock during the past 60 days.
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
Not applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 1 - Agreement of joint filing
pursuant to Rule 13d(1)-f
promulgated under the
Securities Exchange Act of
1934, as amended.
- --------
/1/ Based upon 2,239,320 shares of Preferred Stock that the Company issued under
the Plan on June 5, 1998, as disclosed to the Reporting Persons by the Company.
10
<PAGE>
SIGNATURES
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certify that the information set forth in this
Statement is true, complete and correct.
Dated: June 22, 1998
COMAC PARTNERS, L.P.
By: CoMac Associates, L.P.,
general partner of CoMac
Partners, L.P.
By: CoMac Advisers, Inc.,
general partner of CoMac Associates, L.P.
/s/ Christopher M. Mackey
-------------------------
Name: Christopher M. Mackey
Title: Co-Chairman
COMAC ENDOWMENT FUND, L.P.
By: CoMac Advisers, Inc., its
general partner
By: /s/ Christopher M. Mackey
-------------------------
Name: Christopher M. Mackey
Title: Co-Chairman
COMAC INTERNATIONAL N.V.
By: CMS Advisers Inc.,
investment adviser of CoMac
International N.V.
By: /s/ Christopher M. Mackey
-------------------------
Name: Christopher M. Mackey
Title: Co-Chairman
11
<PAGE>
COMAC OPPORTUNITIES FUND, L.P.
By: CoMac Associates, L.P.,
general partner of CoMac Opportunities
Fund, L.P.
By: CoMac Advisers, Inc., general partner
of CoMac Associates, L.P.
By: /s/ Christopher M. Mackey
-------------------------
Name: Christopher M. Mackey
Title: Co-Chairman
/s/ Christopher M. Mackey
-------------------------
Name: Christopher M. Mackey
12
<PAGE>
SCHEDULE I
EXECUTIVE OFFICERS AND DIRECTORS
COMAC ADVISERS, INC. ("COMAC INC.")
The name and present principal occupation or employment of each of the
executive officers and directors of CoMac Inc. is set forth below. The business
address of each such person is c/o CoMac Partners, L.P., 1 Greenwich Office
Park, 3rd Floor, Greenwich, CT 06831.
Name and Present Principal
Positions Held Occupation or Employment
- -------------- ------------------------
Christopher M. Mackey, Co-Chairman and Secretary of
Co-Chairman, Secretary and Director CoMac Inc. and CMS Advisers Inc.
Paul J. Coughlin, III, Co-Chairman and Treasurer of
Co-Chairman, Treasurer and Director CoMac Inc. and CMS Advisers Inc.
13
<PAGE>
SCHEDULE II
EXECUTIVE OFFICERS AND DIRECTORS
CMS ADVISERS INC. ("CMS INC.")
The name and present principal occupation or employment of
each of the executive officers and directors of CMS Inc. is set forth below. The
business address of each such person is c/o CoMac Partners, L.P., 1 Greenwich
Office Park, 3d Floor, Greenwich, CT 06831.
Name and Present Principal
Positions Held Occupation or Employment
- -------------- ------------------------
Christopher M. Mackey, Co-Chairman and Secretary of
Co-Chairman, Secretary and Director CoMac Inc. and CMS Advisers Inc.
Paul J. Coughlin, III, Co-Chairman and Treasurer of
Co-Chairman, Treasurer and Director CoMac Inc. and CMS Advisers Inc.
14
<PAGE>
EXHIBIT 1
Agreement of Joint Filing
Pursuant to 13d-1(f) promulgated under the Securities Exchange Act of
1934, as amended, the undersigned persons hereby agree to file with the
Securities and Exchange Commission the Statement on Schedule 13D (the
"Statement") to which this Agreement is attached as an exhibit, and agree that
such Statement, as so filed, is filed on behalf of each of them.
IN WITNESS WHEREOF, the undersigned have executed this Agreement.
Dated: June 22, 1998
COMAC PARTNERS, L.P.
By: CoMac Associates, L.P.,
general partner of CoMac
Partners, L.P.
By: CoMac Advisers, Inc.,
general partner of CoMac Associates, L.P.
/s/ Christopher M. Mackey
-------------------------
Name: Christopher M. Mackey
Title: Co-Chairman
COMAC ENDOWMENT FUND, L.P.
By: CoMac Advisers, Inc., its
general partner
By: /s/ Christopher M. Mackey
-------------------------
Name: Christopher M. Mackey
Title: Co-Chairman
COMAC INTERNATIONAL N.V.
By: CMS Advisers, Inc.
investment adviser of
CoMac International N.V.
By: /s/ Christopher M. Mackey
-------------------------
Name: Christopher M. Mackey
Title: Co-Chairman
15
<PAGE>
COMAC OPPORTUNITIES FUND, L.P.
By: CoMac Associates, L.P.,
general partner of CoMac Opportunities
Fund, L.P.
By: CoMac Advisers, Inc., general partner
of CoMac Associates, L.P.
By: /s/ Christopher M. Mackey
-------------------------
Name: Christopher M. Mackey
Title: Co-Chairman
/s/ Christopher M. Mackey
-------------------------
Name: Christopher M. Mackey
16
