<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)
November 1, 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 8 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) X
a 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................... 95,000
(8) Shared voting power................. 255,000
(9) Sole dispositive power.............. 95,000
(10) Shared dispositive power............ 255,000
- --------------------------------------------------------------------------------
(11) Aggregate amount beneficially owned by
each reporting person. 350,000
- --------------------------------------------------------------------------------
(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 2
<PAGE>
SCHEDULE 13D
CUSIP NO. 206814 10 5
- --------------------------------------------------------------------------------
(1) Names of reporting persons.............
I.R.S. Identification Nos. of above persons BRUCE E. HENDRY
(entities only)............................
- --------------------------------------------------------------------------------
(2) Check the appropriate box if a member (a) X
of a 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................... 1,232,700
(8) Shared voting power................. -0-
(9) Sole dispositive power.............. 1,232,700
(10) Shared dispositive power............ -0-
- --------------------------------------------------------------------------------
(11) Aggregate amount beneficially owned by
each reporting person. 1,232,700
- --------------------------------------------------------------------------------
(12) Check if the aggregate amount in Row
(11) excludes certain shares (see
instructions).
- --------------------------------------------------------------------------------
(13) Percent of class represented by amount
in Row (11)................................ 4.8%
- --------------------------------------------------------------------------------
(14) Type of reporting person (see
instructions).............................. IN
- --------------------------------------------------------------------------------
Page 3
<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 (a) X
of a 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................... 247,000
(8) Shared voting power................. 255,000
(9) Sole dispositive power.............. 247,000
(10) Shared dispositive power............ 255,000
- --------------------------------------------------------------------------------
(11) Aggregate amount beneficially owned by
each reporting person. 502,000
- --------------------------------------------------------------------------------
(12) Check if the aggregate amount in Row
(11) excludes certain shares (see
instructions).
- --------------------------------------------------------------------------------
(13) Percent of class represented by amount
in Row (11)................................ 2.0%
- --------------------------------------------------------------------------------
(14) Type of reporting person (see
instructions).............................. IN
- --------------------------------------------------------------------------------
Page 4
<PAGE>
SCHEDULE 13D
CUSIP NO. 206814 10 5
- --------------------------------------------------------------------------------
(1) Names of reporting persons.............
I.R.S. Identification Nos. of above persons MARVIN W. GOLDSTEIN
(entities only)............................
- --------------------------------------------------------------------------------
(2) Check the appropriate box if a member of (a) X
a 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................... 45,500
(8) Shared voting power................. 2,000
(9) Sole dispositive power.............. 45,500
(10) Shared dispositive power............ 2,000
- --------------------------------------------------------------------------------
(11) Aggregate amount beneficially owned by
each reporting person. 47,500
- --------------------------------------------------------------------------------
(12) Check if the aggregate amount in Row
(11) excludes certain shares (see
instructions).
- --------------------------------------------------------------------------------
(13) Percent of class represented by amount
in Row (11)................................ 0.2%
- --------------------------------------------------------------------------------
(14) Type of reporting person (see
instructions).............................. IN
- --------------------------------------------------------------------------------
Page 5
<PAGE>
SCHEDULE 13D
CUSIP NO. 206814 10 5
- --------------------------------------------------------------------------------
(1) Names of reporting persons............. CHARMEL LIMITED PARTNERSHIP
I.R.S. Identification Nos. of above persons
(entities only)............................ 41-1859157
- --------------------------------------------------------------------------------
(2) Check the appropriate box if a member (a) X
of a 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... Nevada
- --------------------------------------------------------------------------------
Number of shares beneficially owned by each
reporting person with:
(7) Sole voting power................... 567,200
(8) Shared voting power................. -0-
(9) Sole dispositive power.............. 567,200
(10) Shared dispositive power............ -0-
- --------------------------------------------------------------------------------
(11) Aggregate amount beneficially owned by
each reporting person. 567,200
- --------------------------------------------------------------------------------
(12) Check if the aggregate amount in Row
(11) excludes certain shares (see
instructions).
- --------------------------------------------------------------------------------
(13) Percent of class represented by amount
in Row (11)................................ 2.2%
- --------------------------------------------------------------------------------
(14) Type of reporting person (see
instructions).............................. PN
- --------------------------------------------------------------------------------
Page 6
<PAGE>
SCHEDULE 13D
CUSIP NO. 206814 10 5
- --------------------------------------------------------------------------------
(1) Names of reporting persons.............
I.R.S. Identification Nos. of above persons CHARMEL ENTERPRISES, INC.
(entities only)............................
- --------------------------------------------------------------------------------
(2) Check the appropriate box if a member (a) X
of a 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... Nevada
- --------------------------------------------------------------------------------
Number of shares beneficially owned by each
reporting person with:
(7) Sole voting power................... -0-
- --------------------------------------------------------------------------------
(8) Shared voting power................. 567,200
- --------------------------------------------------------------------------------
(9) Sole dispositive power.............. -0-
- --------------------------------------------------------------------------------
(10) Shared dispositive power............ 567,200
- --------------------------------------------------------------------------------
(11) Aggregate amount beneficially owned by 567,200
each reporting person.
- --------------------------------------------------------------------------------
(12) Check if the aggregate amount in Row
(11) excludes certain shares (see
instructions).
- --------------------------------------------------------------------------------
(13) Percent of class represented by amount
in Row (11)................................ 2.2%
- --------------------------------------------------------------------------------
(14) Type of reporting person (see
instructions).............................. CO
- --------------------------------------------------------------------------------
Page 7
<PAGE>
SCHEDULE 13D
CUSIP NO. 206814 10 5
- --------------------------------------------------------------------------------
(1) Names of reporting persons............. MELANIE BARRY
I.R.S. Identification Nos. of above persons
(entities only)............................
- --------------------------------------------------------------------------------
(2) Check the appropriate box if a member (a) X
of a 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................. 567,200
(9) Sole dispositive power.............. -0-
(10) Shared dispositive power............ 567,200
- --------------------------------------------------------------------------------
(11) Aggregate amount beneficially owned by
each reporting person. 567,200
- --------------------------------------------------------------------------------
(12) Check if the aggregate amount in Row
(11) excludes certain shares (see
instructions).
- --------------------------------------------------------------------------------
(13) Percent of class represented by amount
in Row (11)................................ 2.2%
- --------------------------------------------------------------------------------
(14) Type of reporting person (see
instructions).............................. IN
- --------------------------------------------------------------------------------
Page 8
<PAGE>
SCHEDULE 13D
CUSIP NO. 206814 10 5
- --------------------------------------------------------------------------------
(1) Names of reporting persons.............
I.R.S. Identification Nos. of above persons CHARLES BARRY
(entities only)............................
- --------------------------------------------------------------------------------
(2) Check the appropriate box if a member (a) X
of a 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................. 682,200
(9) Sole dispositive power.............. -0-
(10) Shared dispositive power............ 682,200
- --------------------------------------------------------------------------------
(11) Aggregate amount beneficially owned by 682,200
each reporting person.
- --------------------------------------------------------------------------------
(12) Check if the aggregate amount in Row
(11) excludes certain shares (see
instructions).
- --------------------------------------------------------------------------------
(13) Percent of class represented by amount
in Row (11)................................ 2.7%
- --------------------------------------------------------------------------------
(14) Type of reporting person (see
instructions).............................. IN
- --------------------------------------------------------------------------------
Page 9
<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, except that
Marvin W. Goldstein has joined the Schedule 13D investor group. Currently, Mr.
Goldstein holds positions on the Boards of Directors of ARCA, Buffet's, Inc.,
Greenspring Company, KidBoard, Inc., Paper Warehouse, Inc., and Wilsons The
Leather Experts. Mr. Goldstein formerly held senior executive positions with
Regis Corporation, Pet Food Warehouse, and Dayton Hudson Corporation. His
address is 6629 Dakota Trail, Edina, Minnesota, 55439.
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 Gildor
23. Peter Hajas
24. Mark Lyons
25. Merrill Ferguson
26. Marvin W. Goldstein
Page 10
<PAGE>
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.
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. Marvin W. Goldstein, a Minneapolis investor and former senior
executive of Dayton Hudson Corporation, Pet Food Warehouse and Regis
Corporation, has joined the investor group. The Holders may include Mr.
Goldstein among a slate of candidates they are considering presenting for
election as directors at the Issuer's next shareholder meeting.
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 and engage in other
activities described herein. Except as indicated herein, the Holders do not have
any plans 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 delisting of
the issuer's securities or similar actions. However, the Holders 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.
Attached as Exhibit B is a copy of a press release issued by the Holders on
November 4, 1999.
Page 11
<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 November 3, 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(1) 350,000 1.4%
Bruce E. Hendry 1,232,700 4.8%
Dr. Demetre Nicoloff(1) 502,000 2.0%
G. James Spinner(1) 335,200 1.3%
Robert H. Paymar(1) 405,000 1.6%
Stanley I. Barenbaum(1) 310,000 1.2%
James A. Potter(1)(2) 301,500 1.2%
Susan N. Potter 6,500 < 0.1%
Summit Capital
Appreciation Fund LP 255,000 1.0%
SCA Management
Partners, L.L.P.(1) 255,000 1.0%
The Temple Company,
L.L.P. 135,000 0.5%
Charmel Limited Partnership 567,200 2.2%
Charmel Enterprises, Inc.(4) 567,200 2.2%
Richard Fitzgerald(3) 135,000 0.5%
Charles Barry(3)(4) 682,200 2.7%
Melanie Barry(4) 567,200 2.2%
Arbitrade LLC 336,500 1.3%
Arbitrade Holdings LLC(5)(6) 541,500 2.1%
Deephaven Opportunity
Trading Fund LP 265,000 1.0%
Deephaven Investment
Advisors LLC(6) 265,000 1.0%
Irvin Kessler(5)(6) 541,500 2.1%
Efraim Gildor(5)(6) 541,500 2.1%
Peter Hajas(5)(6) 541,500 2.1%
Mark Lyons(5)(6) 541,500 2.1%
Merrill Ferguson(5)(6) 541,500 2.1%
Marvin W. Goldstein 47,500 0.2%
</TABLE>
(1) Includes 250,000 shares of Common Stock owned by Summit Capital
Appreciation Fund LP
(2) Includes 6,000 shares of Common Stock controlled as custodian f/b/o minor
children and 6,500 shares of Common Stock owned by Susan N. Potter
(3) Includes 135,000 shares of Common Stock owned by The Temple Company, L.L.P.
(4) Includes 567,200 shares of Common Stock owned by Charmel Limited
Partnership
(5) Includes 524,500 shares of Common Stock owned by Arbitrade LLC
(6) Includes 265,000 shares of Common Stock owned by Deephaven Opportunity
Trading Fund LP
Page 12
<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 25,485,517 shares of Common Stock outstanding. The Holders, as of
November 3, 1999, collectively own 3,441,500 shares of the Issuer's Common
Stock, constituting approximately 13.5% of the Issuer's 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, and occurring in the previous 60 days, are as follows:
<TABLE>
<CAPTION>
TYPE OF NUMBER OF PRICE/
NAME DATE TRANSACTION SHARES SHARE
---- ---- ----------- ------ -----
<S> <C> <C> <C> <C>
Marvin Goldstein 09/29/99 Buy 3,000 4.8750
Demetre Nicoloff 09/29/99 Buy 11,000 4.8954
Demetre Nicoloff 09/29/99 Buy 12,000 4.8954
Marc Kozberg 10/07/99 Buy 4,900 4.5000
Charmel L.P. 10/13/99 Buy 11,700 4.6250
Charmel L.P. 10/14/99 Buy 14,000 4.6149
Charmel L.P. 10/14/99 Buy 10,000 4.6149
Charmel L.P. 10/14/99 Buy 7,000 4.6149
Marvin Goldstein 10/19/99 Buy 5,000 4.5000
Marvin Goldstein 10/19/99 Buy 2,000 4.5000
Marvin Goldstein 10/28/99 Buy 1,000 4.6875
Marvin Goldstein 10/29/99 Buy 8,200 4.6631
Marvin Goldstein 11/01/99 Buy 16,300 4.5663
Bruce Hendry 11/03/99 Buy 100,000 4.5000
TOTAL PURCHASES 206,100*
TOTAL SALES -0-
--------
NET 206,100*
</TABLE>
* Does not include transactions through which Mr. Goldstein acquired 12,000
Shares prior to 60 days before the date of this filing.
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).
Exhibit B -- Press Release issued November 4, 1999
Page 13
<PAGE>
SIGNATURES
After reasonable inquiry, and to the best of each of the undersigned's
knowledge and belief, each of the undersigned certifies that the information set
forth in this statement is true, complete and correct.
Dated: November 4, 1999
/s/ Bruce E. Hendry THE TEMPLE COMPANY, L.L.P.
- -----------------------------------
Bruce E. Hendry
By: /s/ Charles Barry
/s/ Marc H. Kozberg --------------------------------
- ----------------------------------- Charles Barry, a partner
Marc H. Kozberg
CHARMEL LIMITED PARTNERSHIP
/s/ Dr. Demetre Nicoloff
- -----------------------------------
Dr. Demetre Nicoloff By: Charmel Enterprises, Inc.
/s/ G. James Spinner By: /s/ Charles Barry
- ----------------------------------- ---------------------------
G. James Spinner Charles Barry, President
/s/ Robert H. Paymar CHARMEL ENTERPRISES, INC.
- -----------------------------------
Robert H. Paymar
By: /s/ Charles Barry
/s/ Stanley I. Barenbaum --------------------------------
- ----------------------------------- Charles Barry, President
Stanley I. Barenbaum
/s/ Richard Fitzgerald
/s/ James A. Potter -----------------------------------
- ----------------------------------- Richard Fitzgerald
James A. Potter
/s/ Charles Barry
/s/ Susan N. Potter -----------------------------------
- ----------------------------------- Charles Barry
Susan N. Potter
/s/ Melanie Barry
SUMMIT CAPITAL APPRECIATION -----------------------------------
FUND LP Melanie Barry
ARBITRADE LLC
By: SCA Management Partners L.L.P.
By: /s/ Gary Sobczak
By: /s/ Marc H. Kozberg --------------------------------
--------------------------- Gary Sobczak
Marc H. Kozberg, a partner Chief Financial Officer
SCA MANAGEMENT PARTNERS, L.L.P. ARBITRADE LLC
By: /s/ Marc H. Kozberg By: /s/ Gary Sobczak
-------------------------------- --------------------------------
Marc H. Kozberg, a partner Gary Sobczak
Chief Financial Officer
Page 14
<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 Gildor
- -----------------------------------
Efraim Gildor
/s/ Peter Hajas
- -----------------------------------
Peter Hajas
/s/ Mark Lyons
- -----------------------------------
Mark Lyons
/s/ Merrill Ferguson
- -----------------------------------
Merrill Ferguson
/s/ Marvin W. Goldstein
- -----------------------------------
Marvin W. Goldstein
Page 15
<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 Amendment relating to Cone
Mills Corporation is being filed on behalf of each of the undersigned.
/s/ Bruce E. Hendry
- -----------------------------------
Bruce E. Hendry
THE TEMPLE COMPANY, L.L.P.
/s/ Marc H. Kozberg
- -----------------------------------
Marc H. Kozberg By: /s/ Charles Barry
--------------------------------
/s/ Dr. Demetre Nicoloff Charles Barry, a partner
- -----------------------------------
Dr. Demetre Nicoloff CHARMEL LIMITED PARTNERSHIP
/s/ G. James Spinner By: Charmel Enterprises, Inc.
- -----------------------------------
G. James Spinner
By: /s/ Charles Barry
/s/ Robert H. Paymar ---------------------------
- ----------------------------------- Charles Barry, President
Robert H. Paymar
CHARMEL ENTERPRISES, INC.
/s/ Stanley I. Barenbaum
- -----------------------------------
Stanley I. Barenbaum By: /s/ Charles Barry
--------------------------------
/s/ James A. Potter Charles Barry, President
- -----------------------------------
James A. Potter /s/ Richard Fitzgerald
-----------------------------------
/s/ Susan N. Potter Richard Fitzgerald
- -----------------------------------
Susan N. Potter /s/ Charles Barry
-----------------------------------
SUMMIT CAPITAL APPRECIATION Charles Barry
FUND LP
/s/ Melanie Barry
-----------------------------------
By: SCA Management Partners L.L.P. Melanie Barry
ARBITRADE LLC
By: /s/ Marc H. Kozberg
---------------------------
Marc H. Kozberg, a partner By: /s/ Gary Sobczak
------------------------------
SCA MANAGEMENT PARTNERS, L.L.P. Gary Sobczak
Chief Financial Officer
By: /s/ Marc H. Kozberg
--------------------------------
Marc H. Kozberg, a partner
Page 16
<PAGE>
ARBITRADE HOLDINGS LLC
/s/ Irvin Kessler
By: /s/ Gary Sobczak -----------------------------------
-------------------------------- Irvin Kessler
Gary Sobczak
Chief Financial Officer /s/ Efraim Gildor
-----------------------------------
DEEPHAVEN OPPORTUNITY TRADING Efraim Gildor
FUND LP
/s/ Peter Hajas
-----------------------------------
By: Deephaven Investment Advisors Peter Hajas
LLC, Its General Partner
/s/ Mark Lyons
By: /s/ Gary Sobczak -----------------------------------
--------------------------- Mark Lyons
Gary Sobczak
Chief Financial Officer /s/ Merrill Ferguson
-----------------------------------
Merrill Ferguson
DEEPHAVEN INVESTMENT /s/ Marvin W. Goldstein
ADVISORS LLC -----------------------------------
Marvin W. Goldstein
By: /s/ Gary Sobczak
--------------------------------
Gary Sobczak
Chief Financial Officer
Page 17
<PAGE>
EXHIBIT B
PRESS RELEASE
MARVIN GOLDSTEIN JOINS
CONE MILLS INVESTOR GROUP;
POTENTIAL NOMINEE FOR BOARD SEAT
DATE: NOVEMBER 4, 1999 AT 7:30 A.M. CT
SOURCE/ MARC H. KOZBERG
CONTACT: (612) 376-7035
TICKER: COE
FOR IMMEDIATE RELEASE
Marvin W. Goldstein, a private investor and former senior executive of
several public companies, has joined a group of Minneapolis investors in Cone
Mills Corporation [NYSE:COE] led by Marc Kozberg and Bruce Hendry.
In a filing with the Securities and Exchange Commission today, the
investors stated that they are considering presenting Goldstein among a slate of
candidates for election as directors at Cone Mills' next shareholder meeting.
"Mr. Goldstein provides our investor group with a wealth of knowledge in
the management of publicly held companies," Mr. Kozberg said. "We believe that
he would be an excellent addition to any board."
Mr. Goldstein currently sits on the board of directors of a half-dozen
publicly held companies, including Buffet's, Inc., Paper Warehouse, Inc. and
Wilsons The Leather Experts.
Previously, Mr. Goldstein was Chief Operating Officer of Regis Corporation,
Chairman, Chief Executive Officer and President of Pet Food Warehouse and
President and Chief Operating Officer of the department store division of Dayton
Hudson Corporation.
Page 18
