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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
International Aluminum Corporation
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(Name of Issuer)
Common Stock $1.00 per value per share
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(Title of Class of Securities)
458884103
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(CUSIP Number)
Richard A. Roman
Columbia Ventures Corporation
1220 Main Street, Suite 200
Vancouver, WA 98660
(360) 693-1336
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 21, 2000
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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 that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 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 Section 240.13d-7 for other
parties to whom copies are to be sent.
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* 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).
CUSIP No. 458884103
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(1) Names of Reporting Persons. I.R.S. Identification Nos. of above
persons (entities only).
Kenneth D. Peterson, Jr.
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(2) Check the Appropriate Box if a Member (a) /X/
of a Group (See Instructions) (b) / /
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(3) SEC Use Only
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(4) Source of Funds (See Instructions) PF
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(5) Check 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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Number of Shares (7) Sole Voting
Beneficially Owned Power 41,800
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power 313,200
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(9) Sole Dispositive
Power 41,800
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(10) Shared Dispositive
Power 313,200
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person 355,000
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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) 8.4
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(14) Type of Reporting Person*
IN
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CUSIP No. 458884103
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(1) Names of Reporting Persons. I.R.S. Identification Nos. of above
persons (entities only).
Columbia Ventures Corporation 91-1427151
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(2) Check the Appropriate Box if a Member (a) /X/
of a Group (See Instructions) (b) / /
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(3) SEC Use Only
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(4) Source of Funds (See Instructions) WC
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(5) Check 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 WA
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Number of Shares (7) Sole Voting
Beneficially Owned Power 0
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power 313,200
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(9) Sole Dispositive
Power 0
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(10) Shared Dispositive
Power 313,200
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person 313,200
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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) 7.4
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(14) Type of Reporting Person (See Instructions)
CO
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This Amendment No. 1 ("Amendment No. 1") amends the Statement on Schedule
13D (the "Schedule 13D") filed on June 15, 2000 by Columbia Ventures Corporation
and Kenneth D. Peterson, Jr. with respect to the common stock, par value $1.00
per share (the "Common Stock") of International Aluminum Corporation (the
"Company" or the "Issuer"). Capitalized terms used herein and not defined herein
have the meanings ascribed thereto in the Schedule 13D.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Between June 7, 2000 and September 26, 2000, Columbia Ventures acquired a
total of 43,000 shares of Common Stock in open market transactions with brokers
at prices ranging from $17.25 to $18.00 per share for an aggregate of $770,800.
Funds used to effect these purchases were obtained from the working capital of
Columbia Ventures.
ITEM 4. PURPOSE OF TRANSACTION
Item 4 of the Schedule 13D is amended and supplemented by adding the
following information:
On June 15, 2000, the Reporting Persons submitted a proposal to the
Issuer's Board of Directors (the "Board") for a negotiated transaction
pursuant to which Columbia Ventures would acquire all of the outstanding
shares of common stock of the Issuer at a price of $18.25 per share in cash.
On June 16, 2000, the Issuer publicly announced that the Board had rejected
the Reporting Persons' proposal. In July 2000, Mr. Peterson contacted the
Issuer's Chairman and Chief Executive Officer, Mr. Vanderstar, and suggested
that the Board consider appointing Mr. Peterson to the Board to fill a
vacancy created by the resignation of one of the members of the Board. Mr.
Peterson was subsequently advised by Mr. Vanderstar that Mr. Peterson would
not be appointed to fill the vacancy on the Board. The Reporting Person will
continue to evaluate possible alternatives with respect to the Issuer as
described in Item 4 of the Schedule 13D.
ITEM 5. INTEREST AND SECURITIES OF THE ISSUER
(a) Based upon an aggregate of 4,244,794 shares of Common Stock
outstanding, as set forth in the Issuer's Annual Report on Form 10-K
for the year ended June 30, 2000, as of September 26, 2000:
(i) Columbia Ventures beneficially owns 313,200 shares of Common
Stock, constituting approximately 7.4 percent of the shares
outstanding.
(ii) Mr. Peterson owns directly 41,800 shares of Common Stock,
constituting approximately 1.0 percent of the shares outstanding.
By reason of his position as the sole shareholder of Columbia
Ventures, under the provisions of Rule 13d-3, Mr. Peterson may
be deemed to beneficially own the 313,200 shares of Common Stock
owned by Columbia Ventures, or an aggregate of 355,000 shares of
Common Stock, constituting approximately 8.4 percent of the
shares outstanding.
(b) The Reporting Persons each have the respective power to dispose of and
vote the shares of Common Stock directly owned by them. With respect to
Columbia Ventures, this power may be exercised by its Chief Executive
Officer and sole Director, Mr. Peterson.
(c) During the 60 days prior to September 26, 2000, Mr. Peterson did not
effect any transactions in the Common Stock.
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During the 60 days prior to September 26, 2000, Columbia Ventures
effected the following transactions in the Common Stock in open market
transactions with brokers:
<TABLE>
<CAPTION>
Date Number of Shares Purchased Price Per Share
---- --------------------------- ---------------
<S> <C> <C>
8/4/00 2,000 $17.8125
8/4/00 20,500 $17.875
8/8/00 13,600 $18.00
8/10/00 200 $18.00
8/22/00 5,700 $18.00
9/21/00 1,000 $17.25
</TABLE>
(d) Not applicable.
(e) Not applicable.
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.
Date: September 25, 2000
/s/ Kenneth D. Peterson, Jr.
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Kenneth D. Peterson, Jr.
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.
Date: September 25, 2000
Columbia Ventures Corporation
By: /s/ Kenneth D. Peterson, Jr.
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Name: Kenneth D. Peterson, Jr.
Its: Chief Executive Officer
