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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Grist Mill Co.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
398629204
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(CUSIP Number)
Mr. Glen S. Bolander, 21340 Hayes Avenue, Lakeville, Minnesota 55044-0430,
(612) 469-4981
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 1994
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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 Section Section 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 schedules.
*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 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. 398629204 ]
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
Glen S. Bolander
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2 CHECK THE APPROPRIATE BOX 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 and PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED 628,544
BY EACH REPORTING
PERSON WITH ---------------------------------------------------------
8 SHARED VOTING POWER
45,000
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9 SOLE DISPOSITIVE POWER
628,544
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10 SHARED DISPOSITIVE POWER
45,000
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
673,544
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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
9.82%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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BACKGROUND OF THIS AMENDMENT
ITEM 1. SECURITY AND ISSUER.
Common Stock, $.10 par value
Grist Mill Co. (the "Issuer")
21340 Hayes Avenue
Lakeville, Minnesota 55044-0430
ITEM 2. IDENTITY AND BACKGROUND.
This Schedule is being filed by:
(a) Glen S. Bolander (the "Reporting Person")
(b) Grist Mill Co.
21340 Hayes Avenue
Lakeville, Minnesota 55044-0430
(c) Chief Executive Officer, President and Director of Grist Mill Co.,
21340 Hayes Avenue, Lakeville, Minnesota 55044-0430
(d) The Reporting Person has not, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) The Reporting Person has not, during the last five years, been a
party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding 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 laws or finding any violation with
respect to such laws.
(f) The Reporting Person is a United States citizen.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
As of the date of this filing, the Reporting Person beneficially owns
673,544 shares of the Issuer's Common Stock, which includes stock options to
purchase 245,000 shares of the Issuer's Common Stock granted pursuant to the
Issuer's 1986 Non-Qualified Stock Option Plan (the "Stock Option Plan"). The
remainder of the shares of the Issuer's Common Stock beneficially owned by the
Reporting Person were purchased as follows: (i) 24,645 shares purchased under
the Grist Mill Co. Employees Retirement Savings Plan and Trust (the "Retirement
Plan") for the benefit of the Reporting Person, (ii) 45,000 shares purchased by
the Reporting Person and his spouse with personal funds, and (iii) 358,899
shares purchased by the Reporting Person with personal funds.
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ITEM 4. PURPOSE OF TRANSACTION.
Purpose or purposes of acquisitions. The Reporting Person has acquired
the securities of Issuer beneficially owned by him for investment purposes. As
Chief Executive Officer and President of the Issuer, the Reporting Person is
eligible to receive stock options from the Issuer under the Stock Option Plan.
The Reporting Person exercises such stock options from time to time to purchase
shares of the Issuer's Common Stock. In addition, shares of the Issuer's
Common Stock have been purchased under the Retirement Plan for the benefit of
the Reporting Person.
Tender offer and merger. On March 10, 1998, the Issuer entered into an
Agreement and Plan of Merger (the "Merger Agreement") with IHF/GM Acquisition
Corporation, a Delaware corporation ("Purchaser"), IHF/GM Holding Corporation,
a Delaware corporation ("Parent"), and International Home Foods, Inc. ("IHF"),
whereby Purchaser commenced a tender offer pursuant to an Offer to Purchase and
related Letter of Transmittal, each dated March 17, 1998 (collectively, the
"Offer"), to purchase all outstanding shares of the Issuer's Common Stock,
including the associated rights to purchase shares of Common Stock issued
pursuant to the Rights Agreement dated May 22, 1996, between the Company and
Norwest Bank Minnesota, N.A., as Rights Agent, as amended (the "Rights," and
together with the Common Stock, the "Shares"), at a purchase price of $14.50
per Share.
Concurrently with the execution of the Merger Agreement, the Reporting
Person entered into a Stockholder Agreement, dated March 10, 1998 (the
"Stockholder Agreement"), with Purchaser, Parent and Issuer. Pursuant to the
Stockholder Agreement, the Reporting Person has: (i) agreed to tender into the
Offer an aggregate of 403,899 Shares, (ii) granted to Purchaser an option
(exercisable under certain circumstances as provided in the Stockholder
Agreement) to purchase up to an aggregate of 245,000 shares of Common Stock,
consisting of certain shares of Common Stock beneficially owned by the
Reporting Person as a result of the exercise of certain stock options, and
(iii) granted to Parent an irrevocable proxy to vote such shares of Common
Stock, in each event, prior to any termination of the Merger Agreement. The
Reporting Person has tendered an aggregate of 403,899 Shares into the Offer.
Additional information regarding the transaction, including copies of the
Merger Agreement and the Stockholder Agreement, is available in the Offer to
Purchase and related Letter of Transmittal filed by IHF, Parent and Purchaser
with the Securities and Exchange Commission on March 17, 1998, as supplemented
April 2, 1998.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) As of the date of this filing, the reporting person
beneficially owns 673,544 shares of the Issuer's Common Stock
totaling 9.82% of the Issuer's outstanding shares of Common Stock.
This includes stock options to purchase 245,000 shares of the
Issuer's Common Stock.
(b) The Reporting Person has the sole power to vote or dispose of
628,544 of the shares. The Reporting Person owns 45,000 of the
shares as a tenant in common with his spouse, Diana L. Bolander, and
thus shares the power to vote or dispose of such shares. The stock
options to purchase 245,000 shares have been granted in the name of
the Reporting Person only. The identity and background information
regarding Diana L. Bolander is as follows:
(a) Diana L. Bolander
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(b) 14701 Summitt Oaks Drive
Burnsville, Minnesota 55337
(c) Not applicable.
(d) Ms. Bolander has not, during the last five years, been
convicted of a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) Ms. Bolander has not, during the last five years, been a party
to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding 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 laws or finding any
violation with respect to such laws.
(f) Ms. Bolander is a United States citizen.
(c) The Reporting Person effected the following transactions since his
most recent filing on Schedule 13D:
<TABLE>
<CAPTION>
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Amount of Price per
Date of Transaction Securities Involved Share or Unit Where and How Transaction Effected
- ------------------- ------------------- ------------- ----------------------------------
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<S> <C> <C> <C>
May 31, 1989 282 shares of $7.13 - $12.94 Acquired by the Retirement Plan
Common Stock
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August 31, 1989 218 shares of $11.35 - $15.61 Acquired by the Retirement Plan
Common Stock
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November 30, 1989 40,000 shares of $1.50 Exercise of stock options
Common Stock
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November 30, 1989 149 shares of $8.87 - $11.72 Acquired by the Retirement Plan
Common Stock
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February 28, 1990 272 shares of $8.75 - $10.25 Acquired by the Retirement Plan
Common Stock
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May 31, 1990 684 shares of $5.13 - $7.13 Acquired by the Retirement Plan
Common Stock
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June 4, 1990 50,000 stock $5.25 exercise Grant of stock options
options price
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August 1990 271 shares $1.89 - $4.49 Sale by the Retirement Plan
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August 17, 1990 50,000 stock $4.375 exercise Grant of stock options
options price
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August 17, 1990 50,000 stock $5.25 exercise Stock options terminated
options price
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</TABLE>
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<TABLE>
<CAPTION>
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Amount of Price per
Date of Transaction Securities Involved Share or Unit Where and How Transaction Effected
- ------------------- ------------------- ------------- ----------------------------------
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<S> <C> <C> <C>
August 31, 1990 550 shares of $4.63 - $6.76 Acquired by the Retirement Plan
Common Stock
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November 1990 116 shares of $2.95 - $4.67 Repurchase of shares by the
Common Stock Retirement Plan
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November 30, 1990 124 shares of $3.75 - $5.75 Repurchase of shares by the
Common Stock Retirement Plan
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February 28, 1991 884 shares of $3.50 - $4.75 Acquired by the Retirement Plan
Common Stock
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May 31, 1991 556 shares of $4.75 - $7.50 Acquired by the Retirement Plan
Common Stock
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June 25, 1991 10,000 shares of $7.75 Sale of Common Stock
Common Stock
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February 11, 1992 5,000 shares of $11.00 Sale of Common Stock
Common Stock
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February 12, 1992 5,000 shares of $11.25 Sale of Common Stock
Common Stock
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February 14, 1992 5,000 shares of $11.50 Sale of Common Stock
Common Stock
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February 24, 1992 25,000 shares of $11.25 Sale of Common Stock
Common Stock
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May 31, 1992 491 shares of $7.75 - $14.50 Acquired by the Retirement Plan
Common Stock
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June 15, 1992 20,000 stock $8.625 exercise Grant of stock options
options price
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October 7, 1992 15,000 shares of $1.875 exercise Exercise of stock options
Common Stock price
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February 23, 1993 30,000 shares of $1.75 exercise Exercise of stock options
Common Stock price
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February 23, 1993 7,095 shares of $11.375 Sale of Common Stock
Common Stock
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July 1, 1993 50,000 stock $7.875 exercise Grant of stock options
options price
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Between June 1, 208 shares of * Acquired by the Retirement Plan
1993 and February Common Stock
28, 1994
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</TABLE>
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<TABLE>
<CAPTION>
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Amount of Price per
Date of Transaction Securities Involved Share or Unit Where and How Transaction Effected
- ------------------- ------------------- ------------- ----------------------------------
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<S> <C> <C> <C>
May 23, 1994 50,000 stock $5.625 exercise Grant of stock options
options price
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June 1, 1994 4,030 shares of $5.25 Purchase of Common Stock
Common Stock
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Between March 1, 219 shares of * Acquired by the Retirement Plan
1994 & May 31, 1994 Common Stock
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May 1, 1995 75,000 shares of $2.917 exercise Exercise of stock option
Common Stock price
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May 1, 1995 20,006 shares of $10.875 Sale of Common Stock
Common Stock
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May 26, 1995 75,000 stock $8.625 Grant of stock options
options
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Between June 1, 4,994 shares of * Acquired by the Retirement Plan
1994 & February 28, Common Stock
1995
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January 2, 1996 27,000 shares of $2.333 exercise Exercise of stock options
Common Stock price
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May 22, 1996 50,000 stock $6.563 exercise Grant of stock options
options price
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Between February 2,014 shares of * Acquired by the Retirement Plan
28, 1995 & May 31, Common Stock
1996
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Between February 1,785 shares of * Acquired by the Retirement Plan
28, 1996 & May 31, Common Stock
1997
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April 28, 1997 70,000 stock $6.00 Grant of stock options
options
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June 5, 1997 30,000 shares of $5.75 exercise Exercise of stock options
Common Stock price
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October 28, 1997 50,000 shares of $5.625 exercise Exercise of stock options
Common Stock price
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</TABLE>
____________________
* Acquisition price per share of Common Stock unavailable.
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(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.
See Item 4.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 1 Offer to Purchase (incorporated by reference to Exhibit
(a)(1) to the Tender Offer Statement on Schedule 14D-1
filed with the Securities and Exchange Commission by
IHF, Parent and Purchaser dated March 17, 1998 (the
"Schedule 14D-1"))
Exhibit 2 Supplement dated April 2, 1998, to Offer to Purchase
dated March 17, 1998 (incorporated by reference to
Exhibit (a)(9) to the Schedule 14D-1)
Exhibit 3 Letter of Transmittal (incorporated by reference to
Exhibit (a)(2) to the Schedule 14D-1)
Exhibit 4 Agreement and Plan of Merger dated March 10, 1998,
among IHF, Parent, Purchaser and the Issuer
(incorporated by reference to Exhibit (c)(1) to the
Schedule 14D-1)
Exhibit 5 Joint Press Release dated March 11, 1998 (incorporated
by reference to Exhibit (a)(8) to the Schedule 14D-1)
Exhibit 6 Stockholder Agreement dated March 10, 1998, among
Parent, Purchaser, the Issuer and the Reporting Person
(incorporated by reference to Exhibit (c)(2) to the
Schedule 14D-1)
[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]
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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.
April 10, 1998
-------------------------------------
Date
/s/ Glen S. Bolander
-------------------------------------
Signature
Glen S. Bolander
-------------------------------------
Name
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INDEX TO EXHIBITS
Exhibit Number Description
- -------------- ---------------------------------------------------------------
Exhibit 1 Offer to Purchase (incorporated by reference to Exhibit (a)(1)
to the Tender Offer Statement on Schedule 14D-1 filed with the
Securities and Exchange Commission by IHF, Parent and Purchaser
dated March 17, 1998 (the "Schedule 14D-1")
Exhibit 2 Supplement dated April 2, 1998 to Offer to Purchase dated
March 17, 1998 (incorporated by reference to Exhibit (a)(9) to
the Schedule 14D-1)
Exhibit 3 Letter of Transmittal (incorporated by reference to Exhibit
(a)(2) to the Schedule 14D-1)
Exhibit 4 Agreement and Plan of Merger dated March 10, 1998, among IHF,
Parent, Purchaser and the Issuer (incorporated by reference to
Exhibit (c)(1) to the Schedule 14D-1)
Exhibit 5 Joint Press Release dated March 11, 1998 (incorporated by
reference to Exhibit (a)(8) to the Schedule 14D-1)
Exhibit 6 Stockholder Agreement dated March 10, 1998, among Parent,
Purchaser, the Issuer and the Reporting Person (incorporated by
reference to Exhibit (c)(2) to the Schedule 14D-1)
10 of 10 Pages
