UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULE 13d-1(a) AND AMENDMENTS
THERETO FILED PURSUANT TO RULE 13d-2(a)
(Amendment No. 1)*
Planet Polymer Technologies, Inc.
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(Name of Issuer)
Common Stock, No Par Value
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(Title of Class of Securities)
727044109
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(CUSIP Number)
David M. Hayes, Esq.
c/o Agway Inc.
P.O. Box 4933
Syracuse, New York 13221-4933
315-449-6436
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
August 31, 1999
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(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 .
---
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in 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 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>
SCHEDULE 13D/A
CUSIP No. 727044109
- ------------------------------------------------------------------------
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Agway Inc.
(I.R.S. Identification No. 15-0277720)
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |x|
(b) | |
- ------------------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
AF
- ------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO 2(d) OR 2(e)
-----
- ------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER 0 shares
SHARES --------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER 3,000,000 shares
OWNED BY --------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER 0 shares
REPORTING --------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER 3,000,000 shares
- -------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,000,000 shares
- -------------------------------------------------------------------------
<PAGE>
- -------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
- -------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
36%
- -------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D/A
CUSIP No. 727044109
- -------------------------------------------------------------------------
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Agway Financial Corporation
(I.R.S. Identification No. 06-1174232)
- -------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |x|
(b) | |
- -------------------------------------------------------------------------
(3) SEC USE ONLY
- -------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
WC
- -------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO 2(d) OR 2(e)
--------
- -------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER 0 shares
SHARES -------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER 3,000,000 shares
OWNED BY ------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER 0 shares
REPORTING ------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER 3,000,000 shares
- -------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,000,000 shares
- -------------------------------------------------------------------------
<PAGE>
- -------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
- -------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
36%
- -------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D/A
CUSIP No.727044109
- -------------------------------------------------------------------------
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Agway Holdings Inc.
(I.R.S. Identification No. 06-1174231)
- -------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) | |
- -------------------------------------------------------------------------
(3) SEC USE ONLY
- -------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
AF
- -------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO 2(d) OR 2(e)
--------
- -------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER 0 shares
SHARES --------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER 3,000,000 shares
OWNED BY --------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER 0 shares
REPORTING --------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER 3,000,000 shares
- -------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,000,000 shares
- -------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
- -------------------------------------------------------------------------
<PAGE>
- -------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
36%
- -------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------
<PAGE>
Item 1. Security and Issuer. This Schedule relates to the Common Stock, no par
value, of Planet Polymer Technologies, Inc.. The Issuer's principal executive
offices are located at 9985 Businesspark Avenue, Suite A, San Diego, CA 92131.
Item 2. Identity and Background.
(a) This Schedule is filed on behalf of (i) Agway Inc., a Delaware corporation
("Agway"); (ii) Agway Financial Corporation, a Delaware corporation and wholly
owned subsidiary of Agway ("AFC"); and (iii) Agway Holdings Inc., a Delaware
corporation and wholly owned subsidiary of AFC ("AHI"). Each of the foregoing is
hereinafter referred to, individually, as a "Reporting Person" and,
collectively, as the "Reporting Persons." Information required by items 2
through 6 of this Schedule is also being provided regarding the directors and
executive officers of Agway, AFC and AHI (the "Individuals").
(b) The principal office and business address of the Reporting Persons is c/o
Agway Inc., 333 Butternut Drive, DeWitt, NY 13214.
(c) Agway is an agricultural cooperative that is directly engaged in
manufacturing, processing, distribution and marketing of products and services
to its farmer-members and other customers, primarily in the Northeastern United
States and Ohio. In addition, Agway is involved in retail and wholesale sales of
farm supplies, yard and garden products, pet food and pet supplies; repackaging
and marketing of produce; and processing and marketing sunflower seeds. Agway,
through certain of its subsidiaries, is involved in the distribution of
petroleum products; lease financing; the underwriting and sale of certain types
of property and casualty insurance; and the sale of health insurance.
AFC is a wholly owned subsidiary of Agway whose principal business consists of
securing financing through bank borrowings and the issuance of corporate debt
instruments to provide funds for general corporate purposes to Agway and its
direct subsidiaries and to AHI and AHI's subsidiaries.
AHI is a wholly owned subsidiary of AFC and is a holding company for various
subsidiaries involved in distribution of petroleum products; leasing financing;
the underwriting and sale of certain types of property and casualty insurance;
and the sale of health insurance.
The names and certain information regarding the directors and executive officers
of Agway, AFC and AHI are set forth in Exhibit G.
(d) N/A
(e) N/A
(f) Agway is a Delaware corporation.
AFC is a Delaware corporation.
AHI is a Delaware corporation.
The Individuals are all United States citizens.
<PAGE>
Item 3. Source and Amount of Funds or Other Consideration.
See Item 5.
Item 4. Purpose of the Transaction.
An increase in beneficiary ownership of the officers and directors of Agway
Inc., AFC and AHI was caused by the purchase of common stock during a window
period between August 18, 1999 and August 31, 1999. See Item 5.
Item 5. Interest in Securities of the Issuer.
As of August 31, 1999, the officers, directors and other named employees (the
"Individuals") of Agway Inc., AFC and AHI (the "Reporting Persons") beneficially
owned 52,530 shares or 0.8% of common stock of the Issuer (the "Securities").
The Individuals purchased these Securities during a window period between August
18, 1999 and August 31, 1999 under the policies of Agway. The Individuals
purchased such Securities with their own personal cash assets.
The Individuals of the Reporting Persons have purchased such Securities solely
for personal investment purposes, and there is no agreement with Agway, or among
such persons, as to the voting or disposition of the Securities.
Under the Stock Purchase Agreement, the Reporting Persons, including the
Individuals, are prohibited from owning more than forty-five percent (45%) of
the Issuer's common stock outstanding at the time of such acquisition or
acquisition agreement.
The Reporting Persons disclaim any beneficial ownership over the Securities
purchased by the Individuals.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
Not applicable.
Item 7. Materials to be Filed as Exhibits:
Exhibit G - Information Regarding Directors and Executive Officers of Agway, AFC
and AHI.
<PAGE>
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.
September 15, 1999
/s/
--------------------------
Agway Inc.
by: Peter J. O'Neill
Senior Vice President
Finance & Control
/s/
---------------------------
Agway Financial Corporation
by: Peter J. O'Neill
Vice President & Director
/s/
---------------------------
Agway Holdings Inc.
by: Peter J. O'Neill
Vice President & Director
EXHIBIT G
<PAGE>
EXHIBIT G
Information with Respect to Executive
Officers and Directors of the Undersigned
-----------------------------------------
The following sets forth as to each of the executive officers and
directors of the undersigned: his name; his business address; and his present
principal occupation or employment and the name, principal business and address
of any corporation or other organization in which such employment is conducted.
Unless otherwise specified, the principal employer of each officer is Agway,
AFC, or AHI, the business address of each of which is c/o Agway Inc., P.O. Box
4933, Syracuse, New York 13221-4933 (tel. 315-449-6436) and each such individual
identified below is a citizen of the United States. The principal occupation of
all directors of Agway is full-time farming. To the knowledge of the Reporting
Persons, during the last five years, no such person has been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors), and
no such person was a party to a civil proceeding of a judicial or administrative
body of competent jurisdiction as a result of which he was or is subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities law or finding
any violation with respect to such laws except as reported in Item 2(d) of this
Schedule 13D.
<TABLE>
<CAPTION>
Agway Inc. Officers
-------------------
Shares
Beneficially
Name Present Principal Occupation Owned
- --------------------- -------------------------------------------------- ------------
<S> <C> <C>
Donald P. Cardarelli President and Chief Executive Officer 0
Daniel J. Edinger President, Telmark LLC 0
John F. Feeney Corporate Controller 0
Robert A. Fischer, Jr. President, Agriculture and Retail Group 13,000
David M. Hayes Senior Vice President, General Counsel and Secretary 0
Stephen H. Hoefer Senior Vice President, Public Affairs 0
Michael R. Hopsicker President, Agway Energy Products LLC 0
Karen A. Johnson Treasurer 0
Dennis J. LaHood President, Country Products Group 0
Peter J. O'Neill Senior Vice President, Finance & Control 0
William L. Parker Vice President and Chief Information Officer 0
Robert D. Sears Vice President, Membership 0
Gerald R. Seeber Senior Vice President, Administrative Services and President, 0
Agway Insurance Group
G. Leslie Smith Vice President and Chief Investment Officer 0
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Agway Inc. Board of Directors
-----------------------------
Shares
Beneficially
Name Business Name Business Address Owned
- ------------------ ----------------------- ------------------------ ------------
<S> <C> <C> <C>
Ralph H. Heffner Jersey Acres Farms Inc. RD2, Box 422 1,000
Panther Valley Road
Pine Grove, PA 17963
Gary K. Van Slyke Van Slyke's Dairy Farm 5633 Griffith Road 0
Portageville, NY 14536
Kevin B. Barrett Heavenly View Farm RD 4, Box 175 0
Barrett Road
Towanda, PA 18848
Keith H. Carlisle Carlisle Bros., Inc. RD 1, Box 72A 4,000
Rt. 36
Greenwood, DE 19950
D. Gilbert Couser Shawangunk View Farm 426 Drexel Dr. 0
Pine Bush, NY 12566
Andrew J. Gilbert Adon Farms Box 517 1,000
State Highway 72
Potsdam, NY 13676
Peter D. Hanks Big Green Farms, Inc. Star Route, Box 41 0
Hanks Road
Salem, NY 12865
Robert L. Marshman Marshman Farms RD 3, Box 116 (E. River Rd.) 0
Oxford, NY 13830
Jeffrey B. Martin Martin Farms RD #4, Ridge Road 1,000
Cazenovia, NY 13035
Samuel F. Minor The Spring House 1531 Rt. 136 0
Spring House
Washington, PA 15301
Carl D. Smith Hillacre Farms RD 1, Box 1335 15,000
Smith Road
Corinna, ME 04928
Thomas E. Smith Lazy Acres Dairy 180 Osborn Rd. 0
Greenville, PA 16125
Joel L. Wenger Weng-Lea Farms 8988 Hades Church Rd. 0
Greencastle, PA 17225
Edwin C. Whitehead White Ayr Farms 71 Popple Swamp Rd. 3,000
Washington Depot, CT 06794
William W. Young Will-O-Crest Farm 800 County Rd. 27 1,987
Clifton Springs, NY 14432
</TABLE>
<TABLE>
<CAPTION>
Agway Financial Corporation
Board of Directors and Officers
--------------------------------
Name Present Title Shares Beneficially Owned
- --------------------- ---------------------- -------------------------
<S> <C> <C>
Donald P. Cardarelli Chairman of the Board, 0
President, & Director
Peter J. O'Neill Vice President & Director 0
David M. Hayes Director 0
Karen A. Johnson Treasurer 0
</TABLE>
<TABLE>
<CAPTION>
Agway Holdings Inc.
Board of Directors & Officers
-----------------------------
Name Present Title Shares Beneficially Owned
- --------------------- ------------------------- -------------------------
<S> <C> <C>
Donald P. Cardarelli Chairman of the Board, 0
President, & Director
Peter J. O'Neill Vice President & Director 0
Dennis J. LaHood Vice President 0
David M. Hayes Director 0
Karen A. Johnson Treasurer 0
</TABLE>
