SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Crown Central Petroleum Corporation
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(Name of Issuer)
Class B Common Stock
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(Title of Class of Securities)
228219-30-9
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(CUSIP Number)
John A. Marzulli, Jr.
Shearman & Sterling
599 Lexington Avenue
New York, New York 10022
(212) 848-4000
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
January 26, 2000
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(Date of Event Which Requires Filing of This Statement)
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If the filing person has previously filed a statement on Schedule 13G
to report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of ss.240.13d-1(e), 240.13d-1(f), or 240.13d-1(g),
check the following box [ ].
Note. Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule 13d-7 for
other parties to whom copies are to be sent.
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 (the "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).
<PAGE>
CUSIP No. 228219-30-9
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1) Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Henry A. Rosenberg, Jr.
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2) Check the Appropriate Row if a Member of a Group (See Instructions)
(a) X
(b)
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3) SEC Use Only
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4) Source of Funds (See Instructions)
00
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3) Check if Disclosure of Legal Proceedings is Required Pursuant to Item
2(d) or 2(e)
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4) Citizenship or Place of Organization
United States of America
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Number of 7) Sole Voting Power 273,235
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Shares Bene-
ficially 8) Shared Voting Power 591,629
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Owned by
Each 9) Sole Dispositive Power 273,235
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Reporting
Person With 10) Shared Dispositive Power 591,629
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11) Aggregate Amount Beneficially Owned by Each Reporting Person
864,864
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12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
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13) Percent of Class Represented by Amount in Row (11)
15.88%
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14) Type of Reporting Person (See Instructions)
IN
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Page 2 of 10
<PAGE>
CUSIP No. 228219-30-9
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1) Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Edward L. Rosenberg
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2) Check the Appropriate Row if a Member of a Group (See Instructions)
(a) X
(b)
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3) SEC Use Only
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4) Source of Funds (See Instructions)
00
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3) Check if Disclosure of Legal Proceedings is Required Pursuant to Item
2(d) or 2(e)
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4) Citizenship or Place of Organization
United States of America
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Number of 7) Sole Voting Power 3,060
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Shares Bene-
ficially 8) Shared Voting Power 591,629
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Owned by
Each 9) Sole Dispositive Power 3,060
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Reporting
Person With 10) Shared Dispositive Power 591,629
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11) Aggregate Amount Beneficially Owned by Each Reporting Person
594,689
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12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
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13) Percent of Class Represented by Amount in Row (11)
11.32%
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14) Type of Reporting Person (See Instructions)
IN
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Page 3 of 10
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CUSIP No. 228219-30-9
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1) Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Frank B. Rosenberg
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2) Check the Appropriate Row if a Member of a Group (See Instructions)
(a)
(b) X
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3) SEC Use Only
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4) Source of Funds (See Instructions)
00
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3) Check if Disclosure of Legal Proceedings is Required Pursuant to Item
2(d) or 2(e)
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4) Citizenship or Place of Organization
United States of America
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Number of 7) Sole Voting Power 47,862
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Shares Bene-
ficially 8) Shared Voting Power 591,629
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Owned by
Each 9) Sole Dispositive Power 47,862
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Reporting
Person With 10) Shared Dispositive Power 591,629
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11) Aggregate Amount Beneficially Owned by Each Reporting Person
639,491
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12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
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13) Percent of Class Represented by Amount in Row (11)
12.09%
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14) Type of Reporting Person (See Instructions)
IN
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Page 4 of 10
<PAGE>
This Amendment No. 1 to Schedule 13D amends and supplements the
Schedule 13D filed jointly by the parties named herein with the Securities and
Exchange Commission on January 12, 1999. Effective January 31, 1999, Gateway
Gathering and Marketing Company changed its name to Rosemore, Inc. ("Rosemore").
The Schedule 13D is hereby amended in its entirety so that each reference herein
to "Gateway" or the "Gateway Group" shall be deemed to be a reference to
"Rosemore" or the "Rosemore Group", respectively. Except as specifically amended
below, all other provisions of the Schedule 13D remain in effect.
Item 2. Identity and Background
The second sentence of Paragraph A of Item 2 is hereby amended to read
as follows:
As a result of an internal reorganization, Rosemore is a holding
company whose principal operating subsidiaries are engaged in the businesses of
exploration, production, gathering, marketing and trading of oil and gas.
The descriptions of Messrs. Miller, O'Grady and Trout contained in
Paragraphs A and B of Item 2 are hereby amended to read in their entirety as
follows:
Barry L. Miller Director and Treasurer of Holdings, and
Chief Financial Officer, Senior Vice
President and Treasurer of Rosemore.
Clive R. G. O'Grady Secretary and Director of
McGuire, Woods, Battle & Holdings and of Rosemore;
Boothe LLP Partner, McGuire, Woods,
1750 Tysons Boulevard Battle & Boothe LLP
Suite 1800 One James Center
McLean, VA 22102-3915 901 E. Cary Street
Richmond, VA 23219
Kenneth W. Trout Director and Executive Vice
President of Holdings, and
Chief Operating Officer and
Vice President of Rosemore.
Paragraph F of Item 2 shall be deleted and Paragraphs G through I of
such item are accordingly relettered.
Item 4. Purpose of Transaction
Item 4 is amended to add at the end thereof the following paragraphs:
Each member of the Rosemore Group from time to time intends to review
his, her or its, as the case may be, investment in Crown on the basis of various
factors, including Crown's business, financial condition, results of operations
and prospects, general economic and industry conditions and the securities
markets in general and those for Crown's securities in particular, as well as
other developments and other investment opportunities. Each member of the
Rosemore Group will also consider his, her or its, as the case may be, personal
financial situation, including liquidity, alternative investment opportunities
and tax and estate planning considerations. Based
Page 5 of 10
<PAGE>
upon such review, each member of the Rosemore Group will take such actions in
the future as he, she or it, as the case may be, may deem appropriate in light
of the circumstances existing from time to time.
On February 25, 1999, Crown announced that it had engaged Credit Suisse
First Boston ("CSFB") as financial advisor to provide Crown with financial
advice and asssitance in evaluating strategic alternatives. Except to the extent
that Henry A. Rosenberg, Jr. participates in such a process as a result of his
role as an officer and director of Crown, neither Rosemore nor any other member
of the Rosemore Group has participated in Crown's review of its strategic
alternatives. As part of the Rosemore Group's continuing review of its
investment in Crown, however, members of the Rosemore Group have sought to
anticipate the strategic alternatives that Crown may choose to pursue.
On January 18, 2000, representatives of CSFB, after discussion with the
independent members of the Board of Directors of Crown, invited Rosemore to make
a proposal concerning Crown and offered to make available to Rosemore
information concerning Crown which previously had been made available to other
interested parties. On January 26, 2000, Crown and Rosemore executed a
confidentiality agreement which is also expected to be executed by Henry A.
Rosenberg, Jr., Ruth Carol R. Marder and Judith R. Hoffberger, and Rosemore
commenced its review of such information. There can be no assurance that, upon
completion of such review, any member of the Rosemore Group will alter its
purpose in acquiring Crown securities or develop any plan or proposal which
might have the effects described in clauses (a) through (j) of Item 4 of
Schedule 13D with respect to Crown.
Item 5. Interest in Securities of the Issuer
Paragraphs (a) and (c) of Item 5 of the Schedule 13D are hereby amended
to read in their entirety as follows:
(a) In the aggregate, the Rosemore Group beneficially owns 917,288
shares of Crown Class B Common Stock, representing 16.73% of the outstanding
Crown Class B Common Stock.
(c) Except for (i) the acquisition of 188.93 shares by Henry A.
Rosenberg, Jr. through the Crown Central Petroleum Corporation Employee Savings
Plan and the Crown Central Petroleum Corporation Employees Supplemental Savings
Plan (collectively, the "Crown Plans") on December 6, 1999 at $5.9546 per share
and the acquisition of 81.87 shares by Frank B. Rosenberg through the Crown
Plans on that same date at that same price, and (ii) the acquisition of 165.03
shares by Henry A. Rosenberg, Jr. through the Crown Plans on January 7, 2000 at
$6.8168 per share and the acquisition of 71.51 shares by Frank B. Rosenberg
through the Crown Plans on that same date at that same price, there were no
Crown Class B Common Stock transactions effected during the past 60 days by the
persons named in response to paragraph (a).
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
Paragraphs 1 and 2 of Item 6 are hereby amended to read in their
entirety as follows:
Page 6 of 10
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All of the shares of Rosemore have been distributed to trusts for the
benefit of certain descendants of Ruth B. Rosenberg (daughter of Louis
Blaustein) as described below.
Louis Blaustein's grandson, Henry A. Rosenberg, Jr. (the Chairman,
President and Chief Executive Officer and Chief Operating Officer and Director
of Crown, and Chairman of the Board and Director of Rosemore), individually owns
81,109 shares of Crown Class B Common Stock and owns options which, if
exercised, would entitle him to acquire a further 192,126 shares of Crown Class
B Common Stock.
Paragraphs 6 and 7 of Item 6 are hereby amended to read in their
entirety as follows:
Under the will of Henrietta Blaustein, Henry A. Rosenberg, Jr. and
First Union National Bank ("First Union"), a national banking association, are
trustees of three trusts (the "Blaustein Testamentary Trusts") for the benefit
of Mr. Rosenberg, Judith R. Hoffberger and Ruth Carol R. Marder, respectively.
Lisa J. Bertelsen (Ruth Carol R. Marder's daughter) is also a trustee of the
Blaustein Testamentary Trust for the benefit of Ruth Carol R. Marder, Jeffrey A.
Hoffberger (Judith R. Hoffberger's son) is also a trustee of the Blaustein
Testamentary Trust for the benefit of Judith R. Hoffberger, and Edward L.
Rosenberg (Henry A. Rosenberg, Jr.'s son) is also a trustee of the Blaustein
Testamentary Trust for the benefit of Henry A. Rosenberg, Jr. The Blaustein
Testamentary Trusts own a total of 1,869 shares of Rosemore.
Henry A. Rosenberg, Jr.'s sons, Edward L. Rosenberg (President, Chief
Executive Officer and Director of Rosemore, and President and Director of
Holdings) and Frank B. Rosenberg (Senior Vice President - Marketing of Crown),
individually own 3,060 shares and 12,516 shares of Crown Class B Common Stock,
respectively, and Frank B. Rosenberg also owns options which, if exercised,
would entitle him to acquire a further 35,346 shares of Crown Class B Common
Stock.
Item 7. Material To Be Filed As Exhibits
Item 7 is hereby amended by adding the following at the end thereof:
Exhibit 4 - Joint Filing Agreement as required by Rule 13d-1(k).
Page 7 of 10
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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.
ROSEMORE, INC.
January 26, 2000 By: /s/ Edward L. Rosenberg
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Name: Edward L. Rosenberg
Title: President
ROSEMORE HOLDINGS, INC.
January 26, 2000 By: /s/ Edward L. Rosenberg
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Name: Edward L. Rosenberg
Title: President
January 26, 2000 Ruth Carol R. Marder*
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Ruth Carol R. Marder
January 26, 2000 Henry A. Rosenberg, Jr.*
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Henry A. Rosenberg, Jr.
January 26, 2000 Judith R. Hoffberger*
Judith R. Hoffberger
January 26, 2000 /s/ Edward L. Rosenberg
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Edward L. Rosenberg
January 26, 2000 Jeffrey A. Hoffberger*
Jeffrey A. Hoffberger
January 26, 2000 Lisa J. Bertelsen*
Lisa J. Bertelsen
January 26, 2000 Frank B. Rosenberg*
Frank B. Rosenberg
By: /s/ Edward L. Rosenberg
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*Edward L. Rosenberg
Attorney-in-Fact
Page 8 of 10
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EXHIBITS
Exhibit
Number Description
4. Joint Filing Agreement as required by Rule
13d-1(k)
Page 9 of 10
<PAGE>
EXHIBIT 4
The undersigned hereby agree that Amendment No. 1 ("Amendment No. 1")
to the Statement on Schedule 13D, filed jointly by the parties named herein with
the Securities and Exchange Commission on January 12, 1999, with respect to the
Class A and Class B Common Stock of Crown Central Petroleum Corporation, a
Maryland corporation, is filed on behalf of each of us pursuant to and in
accordance with the provisions of Rule 13d-1(k) under the Securities Exchange
Act of 1934, as amended, and that this Agreement shall be included as an Exhibit
to Amendment No. 1.
ROSEMORE, INC.
January 26, 2000 By: /s/ Edward L. Rosenberg
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Name: Edward L. Rosenberg
Title: President
ROSEMORE HOLDINGS, INC.
January 26, 2000 By: /s/ Edward L. Rosenberg
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Name: Edward L. Rosenberg
Title: President
January 26, 2000 Ruth Carol R. Marder*
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Ruth Carol R. Marder
January 26, 2000 Henry A. Rosenberg, Jr.*
----------------------
Henry A. Rosenberg, Jr.
January 26, 2000 Judith R. Hoffberger*
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Judith R. Hoffberger
January 26, 2000 /s/ Edward L. Rosenberg
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Edward L. Rosenberg
January 26, 2000 Jeffrey A. Hoffberger*
----------------------
Jeffrey A. Hoffberger
January 26, 2000 Lisa J. Bertelsen*
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Lisa J. Bertelsen
January 26, 2000 Frank B. Rosenberg*
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Frank B. Rosenberg
By:/s/ Edward L. Rosenberg
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*Edward L. Rosenberg
Attorney-in-Fact
Page 10 of 10
