<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D AMENDMENT
Under the Securities Exchange Act of 1934
CONE MILLS CORPORATION
----------------------
(Name of Issuer)
Common Stock, $.10 par value
----------------------------
(Title of Class of Securities)
206814 10 5
-----------
(CUSIP Number)
Albert A. Woodward, Esq.
Maun & Simon, PLC
2000 Midwest Plaza Building West
801 Nicollet Mall
Minneapolis, Minnesota 55402
(612) 904-7400
--------------
(Name, Address and Telephone Number
of Person Authorized to Receive
Notices and Communications)
March 4, 1999
--------------
(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(e), 13d-1(f) or 13d-1(g), check the following
box [ ].
(Cover page continued on next 14 pages)
<PAGE>
SCHEDULE 13D
-------------
CUSIP NO. 206814 10 5
- --------------------------------------------------------------------------------
(1) Names of reporting persons....................
I.R.S. Identification Nos. of above persons MARC H. KOZBERG
(entities only)...................................
- --------------------------------------------------------------------------------
(2) Check the appropriate box if a member of a (a) X
group (see instructions) ----------------------------
(b)
- --------------------------------------------------------------------------------
(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).
- --------------------------------------------------------------------------------
(6) Citizenship or place of organization.......... USA
- --------------------------------------------------------------------------------
Number of shares beneficially owned by each
reporting person with:
(7) Sole voting power........................ 70,000
(8) Shared voting power...................... 245,000
(9) Sole dispositive power................... 70,000
(10) Shared dispositive power................ 245,000
- --------------------------------------------------------------------------------
(11) Aggregate amount beneficially owned by
each reporting person. 315,000
- --------------------------------------------------------------------------------
(12) Check if the aggregate amount in Row (11)
excludes certain shares (see instructions).
- --------------------------------------------------------------------------------
(13) Percent of class represented by amount in
Row (11).......................................... 1.2%
- --------------------------------------------------------------------------------
(14) Type of reporting person (see instructions).. IN
- --------------------------------------------------------------------------------
Page 2 of 30
<PAGE>
SCHEDULE 13D
------------
CUSIP NO. 206814 10 5
- --------------------------------------------------------------------------------
(1) Names of reporting persons....................
I.R.S. Identification Nos. of above persons DR. DEMETRE NICOLOFF
(entities only)...................................
- --------------------------------------------------------------------------------
(2) Check the appropriate box if a member of a (a) X
group (see instructions) ----------------------------
(b)
- --------------------------------------------------------------------------------
(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).
- --------------------------------------------------------------------------------
(6) Citizenship or place of organization.......... USA
- --------------------------------------------------------------------------------
Number of shares beneficially owned by each
reporting person with:
(7) Sole voting power........................ 122,000
(8) Shared voting power...................... 245,000
(9) Sole dispositive power................... 122,000
(10) Shared dispositive power................ 245,000
- --------------------------------------------------------------------------------
(11) Aggregate amount beneficially owned by
each reporting person. 367,000
- --------------------------------------------------------------------------------
(12) Check if the aggregate amount in Row (11)
excludes certain shares (see instructions).
- --------------------------------------------------------------------------------
(13) Percent of class represented by amount in
Row (11).......................................... 1.4%
- --------------------------------------------------------------------------------
(14) Type of reporting person (see instructions).. IN
- --------------------------------------------------------------------------------
Page 3 of 30
<PAGE>
SCHEDULE 13D
------------
CUSIP NO. 206814 10 5
- --------------------------------------------------------------------------------
(1) Names of reporting persons....................
I.R.S. Identification Nos. of above persons G. JAMES SPINNER
(entities only)...................................
- --------------------------------------------------------------------------------
(2) Check the appropriate box if a member of a (a) X
group (see instructions) ----------------------------
(b)
- --------------------------------------------------------------------------------
(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).
- --------------------------------------------------------------------------------
(6) Citizenship or place of organization........... USA
- --------------------------------------------------------------------------------
Number of shares beneficially owned by each
reporting person with:
(7) Sole voting power........................ 75,000
(8) Shared voting power...................... 245,000
(9) Sole dispositive power................... 75,000
(10) Shared dispositive power................ 245,000
- --------------------------------------------------------------------------------
(11) Aggregate amount beneficially owned by
each reporting person. 320,000
- --------------------------------------------------------------------------------
(12) Check if the aggregate amount in Row (11)
excludes certain shares (see instructions).
- --------------------------------------------------------------------------------
(13) Percent of class represented by amount in
Row (11).......................................... 1.3%
- --------------------------------------------------------------------------------
(14) Type of reporting person (see instructions).. IN
- --------------------------------------------------------------------------------
Page 4 of 30
<PAGE>
SCHEDULE 13D
------------
CUSIP NO. 206814 10 5
- --------------------------------------------------------------------------------
(1) Names of reporting persons....................
I.R.S. Identification Nos. of above persons ROBERT H. PAYMAR
(entities only)...................................
- --------------------------------------------------------------------------------
(2) Check the appropriate box if a member of a (a) X
group (see instructions) ----------------------------
(b)
- --------------------------------------------------------------------------------
(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).
- --------------------------------------------------------------------------------
(6) Citizenship or place of organization.......... USA
- --------------------------------------------------------------------------------
Number of shares beneficially owned by each
reporting person with:
(7) Sole voting power........................ 150,000
(8) Shared voting power...................... 245,000
(9) Sole dispositive power................... 150,000
(10) Shared dispositive power................ 245,000
- --------------------------------------------------------------------------------
(11) Aggregate amount beneficially owned by
each reporting person. 395,000
- --------------------------------------------------------------------------------
(12) Check if the aggregate amount in Row (11)
excludes certain shares (see instructions).
- --------------------------------------------------------------------------------
(13) Percent of class represented by amount in
Row (11).......................................... 1.6%
- --------------------------------------------------------------------------------
(14) Type of reporting person (see instructions).. IN
- --------------------------------------------------------------------------------
Page 5 of 30
<PAGE>
SCHEDULE 13D
------------
CUSIP NO. 206814 10 5
- --------------------------------------------------------------------------------
(1) Names of reporting persons....................
I.R.S. Identification Nos. of above persons STANLEY I. BARENBAUM
(entities only)...................................
- --------------------------------------------------------------------------------
(2) Check the appropriate box if a member of a (a) X
group (see instructions) ----------------------------
(b)
- --------------------------------------------------------------------------------
(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).
- --------------------------------------------------------------------------------
(6) Citizenship or place of organization.......... USA
- --------------------------------------------------------------------------------
Number of shares beneficially owned by each
reporting person with:
(7) Sole voting power........................ -0-
(8) Shared voting power...................... 245,000
(9) Sole dispositive power................... -0-
(10) Shared dispositive power................ 245,000
- --------------------------------------------------------------------------------
(11) Aggregate amount beneficially owned by
each reporting person. 245,000
- --------------------------------------------------------------------------------
(12) Check if the aggregate amount in Row (11)
excludes certain shares (see instructions).
- --------------------------------------------------------------------------------
(13) Percent of class represented by amount in
Row (11).......................................... 1.0%
- --------------------------------------------------------------------------------
(14) Type of reporting person (see instructions).. IN
- --------------------------------------------------------------------------------
Page 6 of 30
<PAGE>
SCHEDULE 13D
------------
CUSIP NO. 206814 10 5
- --------------------------------------------------------------------------------
(1) Names of reporting persons.................... SUMMIT CAPITAL APPRECIATION
I.R.S. Identification Nos. of above persons FUND LP
(entities only)................................... 41-1822728
- --------------------------------------------------------------------------------
(2) Check the appropriate box if a member of a (a) X
group (see instructions) ----------------------------
(b)
- --------------------------------------------------------------------------------
(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).
- --------------------------------------------------------------------------------
(6) Citizenship or place of organization.......... MINNESOTA
- --------------------------------------------------------------------------------
Number of shares beneficially owned by each
reporting person with:
(7) Sole voting power........................ 245,000
(8) Shared voting power...................... -0-
(9) Sole dispositive power................... 245,000
(10) Shared dispositive power................ -0-
- --------------------------------------------------------------------------------
(11) Aggregate amount beneficially owned by each
reporting person. 245,000
- --------------------------------------------------------------------------------
(12) Check if the aggregate amount in Row (11)
excludes certain shares (see instructions).
- --------------------------------------------------------------------------------
(13) Percent of class represented by amount in
Row (11).......................................... 1.0%
- --------------------------------------------------------------------------------
(14) Type of reporting person (see instructions).. PN
- --------------------------------------------------------------------------------
Page 7 of 30
<PAGE>
SCHEDULE 13D
------------
CUSIP NO. 206814 10 5
- --------------------------------------------------------------------------------
(1) Names of reporting persons.................... SCA MANAGEMENT PARTNERS,
I.R.S. Identification Nos. of above persons L.L.P.
(entities only)...................................
- --------------------------------------------------------------------------------
(2) Check the appropriate box if a member of a (a) X
group (see instructions) ----------------------------
(b)
- --------------------------------------------------------------------------------
(3) SEC use only..................................
- --------------------------------------------------------------------------------
(4) Source of funds (see instructions) HC
- --------------------------------------------------------------------------------
(5) Check if disclosure of legal proceedings is
required pursuant to Items 2(d) or 2(e).
- --------------------------------------------------------------------------------
(6) Citizenship or place of organization.......... MINNESOTA
- --------------------------------------------------------------------------------
Number of shares beneficially owned by each
reporting person with:
(7) Sole voting power........................ -0-
(8) Shared voting power...................... 245,000
(9) Sole dispositive power................... -0-
(10) Shared dispositive power................ 245,000
- --------------------------------------------------------------------------------
(11) Aggregate amount beneficially owned by
each reporting person. 245,000
- --------------------------------------------------------------------------------
(12) Check if the aggregate amount in Row (11)
excludes certain shares (see instructions).
- --------------------------------------------------------------------------------
(13) Percent of class represented by amount in
Row (11).......................................... 1.0%
- --------------------------------------------------------------------------------
(14) Type of reporting person (see instructions).. PN
- --------------------------------------------------------------------------------
Page 8 of 30
<PAGE>
SCHEDULE 13D
------------
CUSIP NO. 206814 10 5
- --------------------------------------------------------------------------------
(1) Names of reporting persons.................... ARBITRADE LLC
I.R.S. Identification Nos. of above persons
(entities only)................................... 36-3997384
- --------------------------------------------------------------------------------
(2) Check the appropriate box if a member of a (a) X
group (see instructions) ----------------------------
(b)
- --------------------------------------------------------------------------------
(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).
- --------------------------------------------------------------------------------
(6) Citizenship or place of organization.......... ILLINOIS
- --------------------------------------------------------------------------------
Number of shares beneficially owned by each
reporting person with:
(7) Sole voting power........................ 336,500
(8) Shared voting power...................... -0-
(9) Sole dispositive power................... 336,500
(10) Shared dispositive power................ -0-
- --------------------------------------------------------------------------------
(11) Aggregate amount beneficially owned by
each reporting person. 336,500
- --------------------------------------------------------------------------------
(12) Check if the aggregate amount in Row (11)
excludes certain shares (see instructions).
- --------------------------------------------------------------------------------
(13) Percent of class represented by amount in
Row (11).......................................... 1.3%
- --------------------------------------------------------------------------------
(14) Type of reporting person (see instructions).. PN
- --------------------------------------------------------------------------------
Page 9 of 30
<PAGE>
SCHEDULE 13D
------------
CUSIP NO. 206814 10 5
- --------------------------------------------------------------------------------
(1) Names of reporting persons.................... ARBITRADE HOLDINGS LLC
I.R.S. Identification Nos. of above persons
(entities only)................................... 41-1890776
- --------------------------------------------------------------------------------
(2) Check the appropriate box if a member of a (a) X
group (see instructions) ----------------------------
(b)
- --------------------------------------------------------------------------------
(3) SEC use only..................................
- --------------------------------------------------------------------------------
(4) Source of funds (see instructions) HC
- --------------------------------------------------------------------------------
(5) Check if disclosure of legal proceedings is
required pursuant to Items 2(d) or 2(e).
- --------------------------------------------------------------------------------
(6) Citizenship or place of organization.......... ILLINOIS
- --------------------------------------------------------------------------------
Number of shares beneficially owned by each
reporting person with:
(7) Sole voting power........................ 428,000
(8) Shared voting power...................... -0-
(9) Sole dispositive power................... 428,000
(10) Shared dispositive power................ -0-
- --------------------------------------------------------------------------------
(11) Aggregate amount beneficially owned by
each reporting person. 428,000
- --------------------------------------------------------------------------------
(12) Check if the aggregate amount in Row (11)
excludes certain shares (see instructions).
- --------------------------------------------------------------------------------
(13) Percent of class represented by amount in
Row (11).......................................... 1.7%
- --------------------------------------------------------------------------------
(14) Type of reporting person (see instructions).. PN
- --------------------------------------------------------------------------------
Page 10 of 30
<PAGE>
SCHEDULE 13D
------------
CUSIP NO. 206814 10 5
- --------------------------------------------------------------------------------
(1) Names of reporting persons....................
I.R.S. Identification Nos. of above persons IRVIN KESSLER
(entities only)...................................
- --------------------------------------------------------------------------------
(2) Check the appropriate box if a member of a (a) X
group (see instructions) ----------------------------
(b)
- --------------------------------------------------------------------------------
(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).
- --------------------------------------------------------------------------------
(6) Citizenship or place of organization.......... USA
- --------------------------------------------------------------------------------
Number of shares beneficially owned by each
reporting person with:
(7) Sole voting power........................ -0-
(8) Shared voting power...................... 428,000
(9) Sole dispositive power................... -0-
(10) Shared dispositive power................ 428,000
- --------------------------------------------------------------------------------
(11) Aggregate amount beneficially owned by each
reporting person. 428,000
- --------------------------------------------------------------------------------
(12) Check if the aggregate amount in Row (11)
excludes certain shares (see instructions).
- --------------------------------------------------------------------------------
(13) Percent of class represented by amount in
Row (11).......................................... 1.7%
- --------------------------------------------------------------------------------
(14) Type of reporting person (see instructions).. IN
- --------------------------------------------------------------------------------
Page 11 of 30
<PAGE>
SCHEDULE 13D
------------
CUSIP NO. 206814 10 5
- --------------------------------------------------------------------------------
(1) Names of reporting persons....................
I.R.S. Identification Nos. of above persons EFRAIM GUILDON
(entities only)...................................
- --------------------------------------------------------------------------------
(2) Check the appropriate box if a member of a (a) X
group (see instructions) ----------------------------
(b)
- --------------------------------------------------------------------------------
(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).
- --------------------------------------------------------------------------------
(6) Citizenship or place of organization.......... USA
- --------------------------------------------------------------------------------
Number of shares beneficially owned by each
reporting person with:
(7) Sole voting power........................ -0-
(8) Shared voting power...................... 428,000
(9) Sole dispositive power................... -0-
(10) Shared dispositive power................ 428,000
- --------------------------------------------------------------------------------
(11) Aggregate amount beneficially owned by each
reporting person. 428,000
- --------------------------------------------------------------------------------
(12) Check if the aggregate amount in Row (11)
excludes certain shares (see instructions).
- --------------------------------------------------------------------------------
(13) Percent of class represented by amount in
Row (11).......................................... 1.7%
- --------------------------------------------------------------------------------
(14) Type of reporting person (see instructions).. IN
- --------------------------------------------------------------------------------
Page 12 of 30
<PAGE>
SCHEDULE 13D
------------
CUSIP NO. 206814 10 5
- --------------------------------------------------------------------------------
(1) Names of reporting persons....................
I.R.S. Identification Nos. of above persons PETER HAJAS
(entities only)...................................
- --------------------------------------------------------------------------------
(2) Check the appropriate box if a member of a (a) X
group (see instructions) ----------------------------
(b)
- --------------------------------------------------------------------------------
(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).
- --------------------------------------------------------------------------------
(6) Citizenship or place of organization.......... USA
- --------------------------------------------------------------------------------
Number of shares beneficially owned by each
reporting person with:
(7) Sole voting power........................ -0-
(8) Shared voting power...................... 428,000
(9) Sole dispositive power................... -0-
(10) Shared dispositive power................ 428,000
- --------------------------------------------------------------------------------
(11) Aggregate amount beneficially owned by
each reporting person. 428,000
- --------------------------------------------------------------------------------
(12) Check if the aggregate amount in Row (11)
excludes certain shares (see instructions).
- --------------------------------------------------------------------------------
(13) Percent of class represented by amount in
Row (11).......................................... 1.7%
- --------------------------------------------------------------------------------
(14) Type of reporting person (see instructions).. IN
- --------------------------------------------------------------------------------
Page 13 of 30
<PAGE>
SCHEDULE 13D
------------
CUSIP NO. 206814 10 5
- --------------------------------------------------------------------------------
(1) Names of reporting persons....................
I.R.S. Identification Nos. of above persons MARK LYONS
(entities only)...................................
- --------------------------------------------------------------------------------
(2) Check the appropriate box if a member of a (a) X
group (see instructions) ----------------------------
(b)
- --------------------------------------------------------------------------------
(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).
- --------------------------------------------------------------------------------
(6) Citizenship or place of organization.......... USA
- --------------------------------------------------------------------------------
Number of shares beneficially owned by each
reporting person with:
(7) Sole voting power........................ -0-
(8) Shared voting power...................... 428,000
(9) Sole dispositive power................... -0-
(10) Shared dispositive power................ 428,000
- --------------------------------------------------------------------------------
(11) Aggregate amount beneficially owned by
each reporting person. 428,000
- --------------------------------------------------------------------------------
(12) Check if the aggregate amount in Row (11)
excludes certain shares (see instructions).
- --------------------------------------------------------------------------------
(13) Percent of class represented by amount in
Row (11).......................................... 1.7%
- --------------------------------------------------------------------------------
(14) Type of reporting person (see instructions).. IN
- --------------------------------------------------------------------------------
Page 14 of 30
<PAGE>
SCHEDULE 13D
------------
CUSIP NO. 206814 10 5
- --------------------------------------------------------------------------------
(1) Names of reporting persons....................
I.R.S. Identification Nos. of above persons MERRILL FERGUSON
(entities only)...................................
- --------------------------------------------------------------------------------
(2) Check the appropriate box if a member of a (a) X
group (see instructions) ----------------------------
(b)
- --------------------------------------------------------------------------------
(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).
- --------------------------------------------------------------------------------
(6) Citizenship or place of organization.......... USA
- --------------------------------------------------------------------------------
Number of shares beneficially owned by each
reporting person with:
(7) Sole voting power........................ -0-
(8) Shared voting power...................... 428,000
(9) Sole dispositive power................... -0-
(10) Shared dispositive power................ 428,000
- --------------------------------------------------------------------------------
(11) Aggregate amount beneficially owned by
each reporting person. 428,000
- --------------------------------------------------------------------------------
(12) Check if the aggregate amount in Row (11)
excludes certain shares (see instructions).
- --------------------------------------------------------------------------------
(13) Percent of class represented by amount in
Row (11).......................................... 1.7%
- --------------------------------------------------------------------------------
(14) Type of reporting person (see instructions).. IN
- --------------------------------------------------------------------------------
Page 15 of 30
<PAGE>
ITEM 1. SECURITY AND ISSUER
This statement relates to the voting Common Stock, par value $.10 of
Cone Mills Corporation (the "Issuer"), a North Carolina corporation, having its
principal place of business at 3101 North Elm Street, Greensboro, North Carolina
27415-6540.
ITEM 2. IDENTITY AND BACKGROUND
This statement is filed jointly by the individuals and entity
identified below (collectively the "Holders"). There have been no changes in the
background, occupations, or addresses of the Holders since the filing of the
last Schedule 13D Amendment to which this filing is an amendment.
1. Marc H. Kozberg
2. Bruce E. Hendry
3. James A. Potter
4. Susan N. Potter
5. Dr. Demetre Nicoloff
6. G. James Spinner
7. Robert H. Paymar
8. Stanley I. Barenbaum
9. Summit Capital Appreciation Fund LP
10. SCA Management Partners, L.L.P.
11. The Temple Company, L.L.P.
12. Charmel Limited Partnership
13. Charmel Enterprises, Inc.
14. Richard Fitzgerald
15. Charles Barry
16. Melanie Barry
17. Arbitrade LLC
18. Arbitrade Holdings LLC
19. Deephaven Opportunity Trading Fund LP
20. Deephaven Investment Advisors LLC
21. Irvin Kessler
22. Efraim Guildon
23. Peter Hajas
24. Mark Lyons
25. Merrill Ferguson
None of the above-referenced Holders has, during the past five years,
been convicted in a criminal proceeding, excluding traffic violations or similar
misdemeanors, nor have any of the Holders been a party to a civil proceeding of
a judicial or administrative body of competent jurisdiction where, as a result
of such proceeding, any of the Holders became 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.
Page 16 of 30
<PAGE>
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The shares of Common Stock of the Issuer were purchased by each Holder
from available cash resources or working capital.
ITEM 4. PURPOSE OF TRANSACTION.
See Item 3. The Holders have acquired the Common Stock of the Issuer
for investment purposes. The Holders may acquire additional shares of Common
Stock of the Issuer and specifically reserve the right to sell all or any
portion of the Common Stock if they deem it to be in their best interest. The
Holders intend to explore opportunities to enhance shareholder value and to that
end intend to explore the retention of an investment banking firm. While the
Holders do not have any plans or proposals respecting extraordinary corporate
transactions effecting the Issuer, the sale of its assets, changes in its
management, capitalization, dividend policy, business or corporate structure,
charter or bylaws or the listing of the issuer securities or similar actions,
they intend to consider all possibilities of enhancing shareholder value,
including but not limited to possible sale of the Issuer, acquisition of the
Issuer or acquisition of a controlling interest in the Issuer. The Holders,
through Mr. Kozberg and Mr. Hendry, intend to actively monitor the management
and business of the Issuer and specifically reserve the right to communicate
with management and other shareholders of the Issuer regarding matters of common
concern, including consideration of transactions such as those outlined above.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
Page 17 of 30
<PAGE>
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Information with respect to the aggregate number, and percentage, of
all outstanding Common Stock beneficially owned as of March 4, 1999 by each of
the Holders is set forth below:
<TABLE>
<CAPTION>
Number of Shares Percentage of
Name of Common Stock Outstanding Shares
---- --------------- ------------------
<S> <C> <C>
Marc H. Kozberg* 315,000 1.2%
Bruce E. Hendry 1,060,700 4.2%
Dr. Demetre Nicoloff* 367,000 1.4%
G. James Spinner* 320,000 1.3%
Robert H. Paymar* 395,000 1.6%
Stanley I. Barenbaum* 245,000 1.0%
James A. Potter 22,000 0.1%
Susan N. Potter 2,500 < 0.1%
Summit Capital
Appreciation Fund LP 245,000 1.0%
SCA Management
Partners, L.L.P.* 245,000 1.0%
The Temple Company,
L.L.P. 104,000 0.4%
Charmel Limited Partnership 310,000 1.2%
Charmel Enterprises, Inc.^ 310,000 1.2%
Richard Fitzgerald# 104,000 0.4%
Charles Barry#^ 414,000 1.6%
Melanie Barry^ 310,000 1.2%
Arbitrade LLC 336,500 1.3%
Arbitrade Holdings LLC+@ 428,000 1.7%
Deephaven Opportunity
Trading Fund LP 91,500 0.4%
Deephaven Investment
Advisors LLC@ 91,500 0.4%
Irvin Kessler+@ 428,000 1.7%
Efraim Guildon+@ 428,000 1.7%
Peter Hajas+@ 428,000 1.7%
Mark Lyons+@ 428,000 1.7%
Merrill Ferguson+@ 428,000 1.7%
</TABLE>
* Includes 245,000 shares of Common Stock owned by Summit Capital
Appreciation Fund LP.
# Includes 104,000 shares of Common Stock owned by The Temple Company,
L.L.P.
^ Includes 310,000 shares of Common Stock owned by Charmel Limited
Partnership
+ Includes 336,500 shares of Common Stock owned by Arbitrade LLC
@ Includes 91,500 shares of Common Stock owned by Deephaven Opportunity
Trading Fund LP
Page 18 of 30
<PAGE>
The Holders' response to Items 7 through 13 of the cover pages of the
statement are incorporated herein by reference. Cover pages have been included
in this filing only to the extent a Holder's beneficial ownership in the
securities of the Issuer has changed since the most recent filing of a Schedule
13D amendment to which this statement is an amendment.
According to the Issuer's most recent Form 10-Q filing with the SEC,
the Issuer has 25,432,233 shares of Common Stock outstanding. The Holders, as of
March 4, 1999, collectively own 2,586,700 shares of the Issuer's Common Stock,
constituting approximately 10.2% of all of the outstanding voting Common Stock.
Transactions by the Holders in Common Stock of the Issuer not previously
reported by the Holders in a Schedule 13D filing relating to the securities of
the Issuer are as follows:
<TABLE>
<CAPTION>
TYPE OF NUMBER OF PRICE/
NAME DATE TRANSACTION SHARES SHARE
---- ---- ----------- ------ -----
<S> <C> <C> <C> <C>
Demetre Nicoloff 02/11/99 Buy 5,000 4.7500
SCAP, LP* 02/11/99 Buy 25,000 4.7500
Arbitrade LLC 02/11/99 Buy 27,400 4.8750
Robert H. Paymar 02/11/99 Buy 25,000 4.7500
Marc H. Kozberg 02/12/99 Buy 10,000 4.7500
G. James Spinner 02/12/99 Buy 25,000 4.7500
Marc H. Kozberg 02/15/99 Buy 6,900 4.64221
Demetre Nicoloff 02/24/99 Buy 10,000 4.8750
Marc H. Kozberg 02/24/99 Buy 3,100 4.7500
Robert H. Paymar 03/01/99 Buy 10,000 4.6594
Robert H. Paymar 03/02/99 Buy 15,000 4.5625
Arbitrade LLC 03/03/99 Buy 30,000 4.6670
Demetre Nicoloff 03/04/00 Buy 4,000 4.6366
</TABLE>
* Summit Capital Appreciation Fund, LP
TOTAL PURCHASES 196,400
TOTAL SALES (0)
NET 196,400
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS, OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit A -- Agreement as to joint filing pursuant to Regulation
Section 240.13d-1(f)(1)(iii).
Page 19 of 30
<PAGE>
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: March 9, 1999
/s/ Bruce E. Hendry
-------------------------------------------
Bruce E. Hendry
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: March 9, 1999
/s/ Marc H. Kozberg
-------------------------------------------
Marc H. Kozberg
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: March 9, 1999
/s/ Demetre Nicoloff
-------------------------------------------
Dr. Demetre Nicoloff
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: March 9, 1999
/s/ G. James Spinner
-------------------------------------------
G. James Spinner
Page 20 of 30
<PAGE>
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: March 9, 1999
/s/ Robert H. Paymar
-------------------------------------------
Robert H. Paymar
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: March 9, 1999
/s/ Stanley I. Barenbaum
-------------------------------------------
Stanley I. Barenbaum
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: March 9, 1999
/s/ James A. Potter
-------------------------------------------
James A. Potter
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: March 9, 1999
/s/ Susan N. Potter
-------------------------------------------
Susan N. Potter
Page 21 of 30
<PAGE>
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: March 9, 1999
SUMMIT CAPITAL APPRECIATION FUND LP
By: SCA Management Partners L.L.P.
By: /s/ Marc H. Kozberg
----------------------------------
Marc H. Kozberg, a partner
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: March 9, 1999
SCA MANAGEMENT PARTNERS, L.L.P.
By: /s/ Marc H. Kozberg
---------------------------------------
Marc H. Kozberg, a partner
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: March 9, 1999
THE TEMPLE COMPANY, L.L.P.
By: /s/ Charles Barry
----------------------------------------
Charles Barry, a partner
Page 22 of 30
<PAGE>
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: March 9, 1999
CHARMEL LIMITED PARTNERSHIP
By: Charmel Enterprises, Inc.
By: /s/ Charles Barry
-----------------------------------
Charles Barry, President
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: March 9, 1999
CHARMEL ENTERPRISES, INC.
By: /s/ Charles Barry
----------------------------------------
Charles Barry, President
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: March 9, 1999
/s/ Richard Fitzgerald
-------------------------------------------
Richard Fitzgerald
Page 23 of 30
<PAGE>
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: March 9, 1999
/s/ Charles Barry
-------------------------------------------
Charles Barry
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: March 9, 1999
/s/ Melanie Barry
-------------------------------------------
Melanie Barry
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: March 9, 1999
ARBITRADE LLC
By: /s/ Gary Sobczak
----------------------------------------
Gary Sobczak
Chief Financial Officer
Page 24 of 30
<PAGE>
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: March 9, 1999
ARBITRADE HOLDINGS LLC
By: /s/ Gary Sobczak
----------------------------------------
Gary Sobczak
Chief Financial Officer
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: March 9, 1999
DEEPHAVEN OPPORTUNITY TRADING FUND LP
By: Deephaven Investment Advisors LLC
Its General Partner
By: /s/ Gary Sobczak
----------------------------------------
Gary Sobczak
Chief Financial Officer
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: March 9, 1999
DEEPHAVEN INVESTMENT ADVISORS LLC
By: /s/ Gary Sobczak
----------------------------------------
Gary Sobczak
Chief Financial Officer
Page 25 of 30
<PAGE>
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: March 9, 1999
/s/ Irvin Kessler
-------------------------------------------
Irvin Kessler
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: March 9, 1999
/s/ Efraim Guildon
-------------------------------------------
Efraim Guildon
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: March 9, 1999
/s/ Peter Hajas
-------------------------------------------
Peter Hajas
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: March 9, 1999
/s/ Mark Lyons
-------------------------------------------
Mark Lyons
Page 26 of 30
<PAGE>
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: March 9, 1999
/s/ Merrill Ferguson
-------------------------------------------
Merrill Ferguson
page 27 of 30
<PAGE>
EXHIBIT A
AGREEMENT AS TO JOINT FILING
Pursuant to Regulation Section 240.13d-1(f)(1)(iii), the undersigned
acknowledge and agree that the attached Schedule 13D relating to Cone Mills
Corporation is being filed on behalf of each of the undersigned.
/s/ Bruce E. Hendry
-------------------------------------------
Bruce E. Hendry
/s/ Marc H. Kozberg
-------------------------------------------
Marc H. Kozberg
/s/ Demtre Nicoloff
-------------------------------------------
Dr. Demetre Nicoloff
/s/ G. James Spinner
-------------------------------------------
G. James Spinner
/s/ Robert H. Paymar
-------------------------------------------
Robert H. Paymar
/s/ Stanley I. Barenbaum
-------------------------------------------
Stanley I. Barenbaum
/s/ James A. Potter
-------------------------------------------
James A. Potter
/s/ Susan N. Potter
-------------------------------------------
Susan N. Potter
SUMMIT CAPITAL APPRECIATION FUND LP
By: SCA Management Partners L.L.P.
By: /s/ Marc H. Kozberg
-----------------------------------
Marc H. Kozberg, a partner
SCA MANAGEMENT PARTNERS, L.L.P.
By: /s/ Marc H. Kozberg
----------------------------------------
Marc H. Kozberg, a partner
Page 28 of 30
<PAGE>
THE TEMPLE COMPANY, L.L.P.
By: /s/ Charles Barry
----------------------------------------
Charles Barry, a partner
CHARMEL LIMITED PARTNERSHIP
By: Charmel Enterprises, Inc.
By: /s/ Charles Barry
------------------------------------
Charles Barry, President
CHARMEL ENTERPRISES, INC.
By: /s/ Charles Barry
-------------------------------------------
Charles Barry, President
/s/ Richard Fitzgerald
-------------------------------------------
Richard Fitzgerald
/s/ Charles Barry
-------------------------------------------
Charles Barry
/s/ Melanie Barry
-------------------------------------------
Melanie Barry
ARBITRADE LLC
By: /s/ Gary Sobczak
----------------------------------------
Gary Sobczak
Chief Financial Officer
ARBITRADE HOLDINGS LLC
By: /s/ Gary Sobczak
----------------------------------------
Gary Sobczak
Chief Financial Officer
<PAGE>
DEEPHAVEN OPPORTUNITY TRADING FUND LP
By: Deephaven Investment Advisors LLC
Its General Partner
By: /s/ Gary Sobczak
----------------------------------------
Gary Sobczak
Chief Financial Officer
DEEPHAVEN INVESTMENT ADVISORS LLC
By: /s/ Gary Sobczak
----------------------------------------
Gary Sobczak
Chief Financial Officer
/s/ Irvin Kessler
-------------------------------------------
Irvin Kessler
/s/ Efraim Guildon
-------------------------------------------
Efraim Guildon
/s/ Peter Hajas
-------------------------------------------
Peter Hajas
/s/ Mark Lyons
-------------------------------------------
Mark Lyons
/s/ Merrill Ferguson
-------------------------------------------
Merrill Ferguson
