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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Amendment No. 1)
Under the Securities Exchange Act of 1934*
Friendly Ice Cream Corporation
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(Name of Issuer)
Common Stock, $.01 par value
----------------------------
(Title of Class of Securities)
358497105
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(CUSIP Number)
December 31, 1999
-----------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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 on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP No. 358497105 13G Page 2 of 6 Pages
- -------------------- -----------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Daniel S. Loeb
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
None
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 512,000
OWNED BY
EACH
REPORTING ------ ----------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH
None
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
512,000
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
512,000
- ---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.8%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 358497105 13G Page 3 of 6 Pages
- -------------------- -----------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Third Point Management Company L.L.C.
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
None
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 512,000
OWNED BY
EACH
REPORTING ------ ----------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH
None
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
512,000
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
512,000
- ---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.8%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
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Item 1(a): Name of Issuer:
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Friendly Ice Cream Corporation (the "Company").
Item 1(b): Address of Issuer's Principal Executive Offices:
- --------- -----------------------------------------------
1855 Boston Road
Wilbraham, Massachusetts 01095
Items 2(a) Name of Person Filing; Address of Principal
- ---------- -------------------------------------------
and 2(b): Business Office:
- -------- ---------------
This statement is filed by and on behalf of (i) Daniel S.
Loeb, in his capacity as the managing member of Third Point
Management Company L.L.C. ("TPM") and (ii) TPM. The principal
business address of each reporting person is 277 Park Avenue,
27th Floor, New York, New York 10172.
The shares of Common Stock, par value $.01, of the Company
("Common Stock") which are the subject of this statement are
held directly by the managed accounts for which TPM or
Mr. Loeb serve as discretionary investment manager
(collectively, the "Managed Accounts").
Item 2(c): Citizenship:
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Mr. Loeb is a United States citizen.
TPM is a Delaware limited liability company.
Item 2(d): Title of Class of Securities:
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Common stock, par value $.01 per share.
Item 2(e): CUSIP Number:
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358497105
Item 3: If this statement is filed pursuant toss. 240.13d-1(c), check
- ------ -------------------------------------------------------------
this box. [X]
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Items 4(a)-(c): Ownership:
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As of the date of this statement:
(i) Mr. Loeb had beneficial ownership of 512,000 shares of
Common Stock by virtue of his position as the managing member
of TPM. Such shares represent 6.8% of the issued and
outstanding Common Stock. Mr. Loeb shares voting power and
dispositive power over such shares with TPM.
(ii) TPM had beneficial ownership of 512,000 shares of Common
Stock by virtue of its position as discretionary investment
manager to the Managed Accounts holding such shares of Common
Stock. Such shares represent 6.8% of the issued and
outstanding Common Stock. TPM shares voting power and
dispositive power over such shares with Mr. Loeb.
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The percentages used herein are calculated based upon the
7,495,122 shares of Common Stock stated to be issued and
outstanding as of October 25, 1999, as reflected in the
Company's Quarterly Report on Form 10-Q for the quarter
ended September 26, 1999.
Item 5: Ownership of Five Percent or Less of a Class:
- ------ --------------------------------------------
Not Applicable.
Item 6: Ownership of More than Five Percent on Behalf of Another
- ------ --------------------------------------------------------
Person:
------
No person other than the Managed Accounts is known to have
the right to receive or the power to direct the receipt of
dividends from or the proceeds of sale of shares of Common
Stock, except that the respective shareholders, partners or
owners, as relevant, of the Managed Accounts have the right
to participate in the receipt of dividends from, or proceeds
upon the sale of, the shares of Common Stock held for their
respective accounts.
Item 7: Identification and Classification of the
- ------ ----------------------------------------
Subsidiary Which Acquired the Security Being
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Reported on By the Parent Holding Company:
-----------------------------------------
Not Applicable.
Item 8: Identification and Classification of
- ------ ------------------------------------
Members of the Group:
--------------------
Not Applicable.
Item 9: Notice of Dissolution of Group:
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Not Applicable.
Item 10: Certification:
- ------- -------------
By signing below each of the undersigned certifies that, to
the best of the undersigned's knowledge and belief, the
securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities
and were not acquired and are not held in connection with or
as a participant in any transaction having that purpose or
effect.
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SIGNATURE
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After reasonable inquiry and to the best 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: February 9, 2000
THIRD POINT MANAGEMENT COMPANY L.L.C.
By: /s/ Daniel S. Loeb
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Daniel S. Loeb
Managing Member
/s/ Daniel S. Loeb
------------------------------
Daniel S. Loeb
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