Page 1 of 17
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Champion International Corporation
(Name of Issuer)
Common Stock
(Upon conversion of Preference Stock, $92.50 Cumulative
Convertible Series, $1.00 Par Value)
(Title of Class of Securities)
158525-10-5
(CUSIP Number)
Warren E. Buffett
Berkshire Hathaway Inc.
1440 Kiewit Plaza, Omaha, Nebraska 68131
(402) 346-1400
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 22, 1995
(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 [ ].
Check the following box if a fee is being paid with the statement [ ]. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are
to be sent.
*The remainder of this cover page shall be filed 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).
(Continued on following page(s))
<PAGE>
Page 2 of 17
1 Name of Reporting Person:
S.S. or I.R.S. Identification No. of Above Person:
Warren E. Buffett, ###-##-####
2 Check the appropriate box if a member of a Group*:
(a) [X]
(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 (e) [ ]
6 Citizen or place of organization:
United States citizen
7 Number of shares beneficially owned by each Reporting
Person with Sole Voting Power:
-0-
8 Number of shares beneficially owned by each Reporting
Person with Shared Voting Power:
-0-
9 Number of shares beneficially owned by each Reporting
Person with Sole Dispositive Power:
-0-
10 Number of shares beneficially owned by each Reporting
Person with Shared Dispositive Power:
-0-
11 Aggregate amount beneficially owned by each Reporting
Person:
-0-
12 Check Box if the aggregate amount in
Row (11) excludes certain shares* [ ]
13 Percent of class represented by amount in Row (11):
0%
14 Type of Reporting Person*:
IN
<PAGE>
Page 3 of 17
1 Name of Reporting Person:
S.S. or I.R.S. Identification No. of Above Person:
Berkshire Hathaway Inc., 04-2254452
2 Check the appropriate box if a member of a Group*:
(a) [X]
(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 (e) [ ]
6 Citizen or place of organization:
Delaware corporation
7 Number of shares beneficially owned by each Reporting
Person with Sole Voting Power:
-0-
8 Number of shares beneficially owned by each Reporting
Person with Shared Voting Power:
-0-
9 Number of shares beneficially owned by each Reporting
Person with Sole Dispositive Power:
-0-
10 Number of shares beneficially owned by each Reporting
Person with Shared Dispositive Power:
-0-
11 Aggregate amount beneficially owned by each Reporting
Person:
-0-
12 Check Box if the aggregate amount in
Row (11) excludes certain shares* [ ]
13 Percent of class represented by amount in Row (11):
0%
14 Type of Reporting Person*:
HC, CO
<PAGE>
Page 4 of 17
1 Name of Reporting Person:
S.S. or I.R.S. Identification No. of Above Person:
National Indemnity Company, 47-0355979
2 Check the appropriate box if a member of a Group*:
(a) [X]
(b) [ ]
_________________________________________________________________
3 SEC USE ONLY
_________________________________________________________________
4 Source of Funds*:
WC, AF
5 Check box if disclosure of Legal Proceedings
is required pursuant to Items 2(d) or (e) [ ]
6 Citizen or place of organization:
Nebraska corporation
7 Number of shares beneficially owned by each Reporting
Person with Sole Voting Power:
-0-
8 Number of shares beneficially owned by each Reporting
Person with Shared Voting Power:
-0-
9 Number of shares beneficially owned by each Reporting
Person with Sole Dispositive Power:
-0-
10 Number of shares beneficially owned by each Reporting
Person with Shared Dispositive Power:
-0-
11 Aggregate amount beneficially owned by each Reporting
Person:
-0-
12 Check Box if the aggregate amount in
Row (11) excludes certain shares* [ ]
13 Percent of class represented by amount in Row (11):
0%
14 Type of Reporting Person*:
IC
<PAGE>
Page 5 of 17
1 Name of Reporting Person:
S.S. or I.R.S. Identification No. of Above Person:
Columbia Insurance Company, 47-0530077
2 Check the appropriate box if a member of a Group*:
(a) [X]
(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 (e) [ ]
6 Citizen or place of organization:
Nebraska corporation
7 Number of shares beneficially owned by each Reporting
Person with Sole Voting Power:
-0-
8 Number of shares beneficially owned by each Reporting
Person with Shared Voting Power:
-0-
9 Number of shares beneficially owned by each Reporting
Person with Sole Dispositive Power:
-0-
10 Number of shares beneficially owned by each Reporting
Person with Shared Dispositive Power:
-0-
11 Aggregate amount beneficially owned by each Reporting
Person:
-0-
12 Check Box if the aggregate amount in
Row (11) excludes certain shares* [ ]
13 Percent of class represented by amount in Row (11):
0%
14 Type of Reporting Person*:
IC
<PAGE>
Page 6 of 17
1 Name of Reporting Person:
S.S. or I.R.S. Identification No. of Above Person:
National Liability & Fire Insurance Company,
36-2403971
2 Check the appropriate box if a member of a Group*:
(a) [X]
(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 (e) [ ]
6 Citizen or place of organization:
Illinois corporation
7 Number of shares beneficially owned by each Reporting
Person with Sole Voting Power:
-0-
8 Number of shares beneficially owned by each Reporting
Person with Shared Voting Power:
-0-
9 Number of shares beneficially owned by each Reporting
Person with Sole Dispositive Power:
-0-
10 Number of shares beneficially owned by each Reporting
Person with Shared Dispositive Power:
-0-
11 Aggregate amount beneficially owned by each Reporting
Person:
-0-
12 Check Box if the aggregate amount in
Row (11) excludes certain shares* [ ]
13 Percent of class represented by amount in Row (11):
0%
14 Type of Reporting Person*:
IC
<PAGE>
Page 7 of 17
1 Name of Reporting Person:
S.S. or I.R.S. Identification No. of Above Person:
Wesco-Financial Insurance Company, 47-0685686
2 Check the appropriate box if a member of a Group*:
(a) [X]
(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 (e) [ ]
6 Citizen or place of organization:
Nebraska corporation
7 Number of shares beneficially owned by each Reporting
Person with Sole Voting Power:
-0-
8 Number of shares beneficially owned by each Reporting
Person with Shared Voting Power:
-0-
9 Number of shares beneficially owned by each Reporting
Person with Sole Dispositive Power:
-0-
10 Number of shares beneficially owned by each Reporting
Person with Shared Dispositive Power:
-0-
11 Aggregate amount beneficially owned by each Reporting
Person:
-0-
12 Check Box if the aggregate amount in
Row (11) excludes certain shares* [ ]
13 Percent of class represented by amount in Row (11):
0%
14 Type of Reporting Person*:
IC
<PAGE>
Page 8 of 17
1 Name of Reporting Person:
S.S. or I.R.S. Identification No. of Above Person:
Blue Chip Stamps, 95-3858923
2 Check the appropriate box if a member of a Group*:
(a) [X]
(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 (e) [ ]
6 Citizen or place of organization:
California corporation
7 Number of shares beneficially owned by each Reporting
Person with Sole Voting Power:
-0-
8 Number of shares beneficially owned by each Reporting
Person with Shared Voting Power:
-0-
9 Number of shares beneficially owned by each Reporting
Person with Sole Dispositive Power:
-0-
10 Number of shares beneficially owned by each Reporting
Person with Shared Dispositive Power:
-0-
11 Aggregate amount beneficially owned by each Reporting
Person:
-0-
12 Check Box if the aggregate amount in
Row (11) excludes certain shares* [ ]
13 Percent of class represented by amount in Row (11):
0%
14 Type of Reporting Person*:
CO
<PAGE>
Page 9 of 17
1 Name of Reporting Person:
S.S. or I.R.S. Identification No. of Above Person:
Wesco Financial Corporation, 95-2109453
2 Check the appropriate box if a member of a Group*:
(a) [X]
(b) [ ]
_________________________________________________________________
3 SEC USE ONLY
_________________________________________________________________
4 Source of Funds*:
WC, AF
5 Check box if disclosure of Legal Proceedings
is required pursuant to Items 2(d) or (e) [ ]
6 Citizen or place of organization:
Delaware corporation
7 Number of shares beneficially owned by each Reporting
Person with Sole Voting Power:
-0-
8 Number of shares beneficially owned by each Reporting
Person with Shared Voting Power:
-0-
9 Number of shares beneficially owned by each Reporting
Person with Sole Dispositive Power:
-0-
10 Number of shares beneficially owned by each Reporting
Person with Shared Dispositive Power:
-0-
11 Aggregate amount beneficially owned by each Reporting
Person:
-0-
12 Check Box if the aggregate amount in
Row (11) excludes certain shares* [ ]
13 Percent of class represented by amount in Row (11):
0%
14 Type of Reporting Person*:
CO
<PAGE>
Page 10 of 17
1 Name of Reporting Person:
S.S. or I.R.S. Identification No. of Above Person:
Wesco Holdings Midwest, Inc., 47-0691907
2 Check the appropriate box if a member of a Group*:
(a) [X]
(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 (e) [ ]
6 Citizen or place of organization:
Nebraska corporation
7 Number of shares beneficially owned by each Reporting
Person with Sole Voting Power:
-0-
8 Number of shares beneficially owned by each Reporting
Person with Shared Voting Power:
-0-
9 Number of shares beneficially owned by each Reporting
Person with Sole Dispositive Power:
-0-
10 Number of shares beneficially owned by each Reporting
Person with Shared Dispositive Power:
-0-
11 Aggregate amount beneficially owned by each Reporting
Person:
-0-
12 Check Box if the aggregate amount in
Row (11) excludes certain shares* [ ]
13 Percent of class represented by amount in Row (11):
0%
14 Type of Reporting Person*:
CO
<PAGE>
Page 11 of 17
1 Name of Reporting Person:
S.S. or I.R.S. Identification No. of Above Person:
The Fechheimer Bros. Company, 31-1000330
2 Check the appropriate box if a member of a Group*:
(a) [X]
(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 (e) [ ]
6 Citizen or place of organization:
Delaware corporation
7 Number of shares beneficially owned by each Reporting
Person with Sole Voting Power:
-0-
8 Number of shares beneficially owned by each Reporting
Person with Shared Voting Power:
-0-
9 Number of shares beneficially owned by each Reporting
Person with Sole Dispositive Power:
-0-
10 Number of shares beneficially owned by each Reporting
Person with Shared Dispositive Power:
-0-
11 Aggregate amount beneficially owned by each Reporting
Person:
-0-
12 Check Box if the aggregate amount in
Row (11) excludes certain shares* [ ]
13 Percent of class represented by amount in Row (11):
0%
14 Type of Reporting Person*:
CO
<PAGE>
Page 12 of 17
1 Name of Reporting Person:
S.S. or I.R.S. Identification No. of Above Person:
Nebraska Furniture Mart, Inc., 43-0428274
2 Check the appropriate box if a member of a Group*:
(a) [X]
(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 (e) [ ]
6 Citizen or place of organization:
Nebraska corporation
7 Number of shares beneficially owned by each Reporting
Person with Sole Voting Power:
-0-
8 Number of shares beneficially owned by each Reporting
Person with Shared Voting Power:
-0-
9 Number of shares beneficially owned by each Reporting
Person with Sole Dispositive Power:
-0-
10 Number of shares beneficially owned by each Reporting
Person with Shared Dispositive Power:
-0-
11 Aggregate amount beneficially owned by each Reporting
Person:
-0-
12 Check Box if the aggregate amount in
Row (11) excludes certain shares* [ ]
13 Percent of class represented by amount in Row (11):
0%
14 Type of Reporting Person*:
CO
<PAGE>
Page 13 of 17
1 Name of Reporting Person:
S.S. or I.R.S. Identification No. of Above Person:
National Fire and Marine Insurance Company,
47-6021331
2 Check the appropriate box if a member of a Group*:
(a) [X]
(b) [ ]
_________________________________________________________________
3 SEC USE ONLY
_________________________________________________________________
4 Source of Funds*:
WC, AF
5 Check box if disclosure of Legal Proceedings
is required pursuant to Items 2(d) or (e) [ ]
6 Citizen or place of organization:
Nebraska corporation
7 Number of shares beneficially owned by each Reporting
Person with Sole Voting Power:
-0-
8 Number of shares beneficially owned by each Reporting
Person with Shared Voting Power:
-0-
9 Number of shares beneficially owned by each Reporting
Person with Sole Dispositive Power:
-0-
10 Number of shares beneficially owned by each Reporting
Person with Shared Dispositive Power:
-0-
11 Aggregate amount beneficially owned by each Reporting
Person:
-0-
12 Check Box if the aggregate amount in
Row (11) excludes certain shares* [ ]
13 Percent of class represented by amount in Row (11):
0%
14 Type of Reporting Person*:
IC
<PAGE>
Page 14 of 17
1 Name of Reporting Person:
S.S. or I.R.S. Identification No. of Above Person:
Precision Steel Warehouse, Inc. 36-3005603
2 Check the appropriate box if a member of a Group*:
(a) [ ]
(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 (e) [ ]
6 Citizen or place of organization:
Illinois corporation
7 Number of shares beneficially owned by each Reporting
Person with Sole Voting Power:
-0-
8 Number of shares beneficially owned by each Reporting
Person with Shared Voting Power:
-0-
9 Number of shares beneficially owned by each Reporting
Person with Sole Dispositive Power:
-0-
10 Number of shares beneficially owned by each Reporting
Person with Shared Dispositive Power:
-0-
11 Aggregate amount beneficially owned by each Reporting
Person:
-0-
12 Check Box if the aggregate amount in
Row (11) excludes certain shares* [ ]
13 Percent of class represented by amount in Row (11):
0%
14 Type of Reporting Person*:
IC
<PAGE>
Page 15 of 17
Item 1. Security and Issuer.
This statement relates to the Common Stock ("Common
Stock") of Champion International Corporation ("Champion"), One
Champion Plaza, Stamford, Connecticut 06921, issued upon
conversion of the shares of the Preference Stock, $92.50
Cumulative Convertible Series, $1.00 par value ("92.50 Preference
Stock") previously held by the persons filing this Schedule 13D
(the "Filing Persons.")
Item 2. Identity and Background.
Not applicable.
Item 3. Source and Amount of Funds or Other Considerations.
Not applicable.
Item 4. Purpose of Transaction.
Not applicable.
Item 5. Interest in Securities of the Issuer.
a. As a result of the consummation of the
transactions described in Item 5.c below, the Filing Persons no
longer beneficially own any shares of Common Stock or $92.50
Preference Stock of Champion.
b. Not applicable.
c. On June 22, 1995, the Filing Persons elected to
convert all of the shares of $92.50 Preference Stock then held by
each of such persons into shares of Common Stock of Champion.
Each share of $92.50 Preference Stock was converted into 26.31579
shares of Common Stock in accordance with the terms of the
Certificate of Incorporation of Champion. Upon the consummation
of such conversion, all of such shares of Common Stock were sold
by the Filing Persons directly to Champion at a price of $49.125
per share. Dividends accrued but unpaid on the $92.50 Preference
Stock were also paid to the holders thereof upon conversion.
The following table sets forth, for each of the Filing
Persons that previously held shares of $92.50 Preference Stock of
record, the aggregate number of shares of $92.50 Preference Stock
converted into Common Stock, the aggregate number of shares of
Common Stock sold to Champion, and the aggregate proceeds
received upon sale of the shares of Common Stock.
<PAGE>
Page 16 of 17
No. of
Shares No. of
of $92.50 Shares of
Preference Common Aggregate
Name Stock Stock Proceeds
National Indemnity
Company 210,000 5,526,315.90 $271,480,268.59
National Fire and Marine
Insurance Company 24,000 631,578.96 31,026,316.41
National Liability &
Fire Insurance Company 3,000 78,947.37 3,878,289.55
Nebraska Furniture Mart,
Inc. 5,000 131,578.95 6,463,816.92
The Fechheimer Bros.
Company 5,000 131,578.95 6,463,816.92
Columbia Insurance
Company 30,000 789,473.70 38,782,895.51
Wesco Financial
Corporation 8,000 210,526.32 10,342,105.47
Wesco-Financial
Insurance Company 12,000 315,789.48 15,513,158.21
Precision Steel
Warehouse, Inc. 3,000 78,947.37 3,878,289.55
TOTAL 300,000 7,895,737.00 387,828,955.13
d. Not applicable.
e. The Filing Persons ceased to be the beneficial
owners of more than five percent of the common stock of Champion
on June 22, 1995.
Item 6. Contracts, Arrangements, Understandings or Relationships
With Respect to Securities of the Issuer.
Not applicable.
Item 7. Material to be Filed as Exhibits.
Previously filed as paper exhibits.
<PAGE>
Page 17 of 17
After reasonable inquiry and to the best knowledge and belief of
each the undersigned hereby certify that the information set
forth in this statement is true, complete and correct.
Dated this 23rd day of June, 1995.
/s/ Warren E. Buffett
Warren E. Buffett
BERKSHIRE HATHAWAY INC. NATIONAL INDEMNITY COMPANY
By /s/Warren E. Buffett By /s/Warren E. Buffett
Warren E. Buffett Warren E. Buffett
Chairman of the Board Chairman of the Board
NATIONAL FIRE AND MARINE COLUMBIA INSURANCE COMPANY
INSURANCE COMPANY
By /s/Warren E. Buffett By /s/Warren E. Buffett
Warren E. Buffett Warren E. Buffett
Chairman of the Board Chairman of the Board
WESCO HOLDINGS MIDWEST, INC.
By /s/Warren E. Buffett
Warren E. Buffett
President
NATIONAL LIABILITY & FIRE INSURANCE COMPANY, NEBRASKA FURNITURE
MART, INC., WESCO FINANCIAL CORPORATION, BLUE CHIP STAMPS, THE
FECHHEIMER BROS. COMPANY, PRECISION STEEL WAREHOUSE, INC. AND
WESCO-FINANCIAL INSURANCE COMPANY
By /s/Warren E. Buffett
Warren E. Buffett
Attorney-in-Fact
