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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D/A
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)
IBP, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $0.05 PER SHARE
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(Title of Class of Securities)
449223106
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(CUSIP Number)
SMITHFIELD FOODS, INC.
200 COMMERCE STREET
SMITHFIELD, VIRGINIA 23430
757-365-3000
COPY TO: COPY TO:
RICHARD J.M. POULSON ROBERT E. SPATT, ESQ.
SMITHFIELD FOODS, INC. SIMPSON THACHER & BARTLETT
200 COMMERCE STREET 425 LEXINGTON AVENUE
SMITHFIELD, VA 23430 NEW YORK, NY 10017
757-365-3000 212-455-2000
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
NOVEMBER 16, 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 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
|_|.
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1. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
Smithfield Foods, Inc.
52-0845861
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_|
(b) |_|
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3. SEC USE ONLY:
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4. SOURCE OF FUNDS:
WC
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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:
Virginia
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NUMBER OF SHARES 7. SOLE VOTING POWER
BENEFICIALLY OWNED 6,714,341
BY EACH REPORTING
PERSON WITH
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8. SHARED VOTING POWER
250,000(1)
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9. SOLE DISPOSITIVE POWER
6,714,341
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10. SHARED DISPOSITIVE POWER
0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
6,964,3411
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: |_|
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
6.6%(1)
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14. TYPE OF REPORTING PERSON:
CO
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(1) Includes 250,000 shares held by Chase Manhattan Bank ("Chase"), as trustee
for the following employee benefit plans for certain employees of Smithfield and
its subsidiaries: (1) the Smithfield Foods, Inc. Salaried Pension Plan; (2) the
Smithfield Foods, Inc. Hourly Pension Plan; (3) the Smithfield Packing Pension
Plan for Bargaining Employees; (5) the Esskay Pension Plan for Bargaining
Employees; (6) the John Morrell Salaried Employees Pension Plan; and (7) the
John Morrell Hourly Employees Pension Plan. Smithfield has shared voting power
over such shares held by Chase.
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1. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
SF Investments, Inc.
51-0326024
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_|
(b) |_|
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3. SEC USE ONLY:
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4. SOURCE OF FUNDS:
AF
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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:
Delaware
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NUMBER OF SHARES 7. SOLE VOTING POWER
BENEFICIALLY OWNED N/A
BY EACH REPORTING
PERSON WITH
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8. SHARED VOTING POWER
N/A
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9. SOLE DISPOSITIVE POWER
N/A
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10. SHARED DISPOSITIVE POWER
N/A
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
6,714,241
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: |_|
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
6.4%
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14. TYPE OF REPORTING PERSON:
CO
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<PAGE>
This Amendment No. 1 ("Amendment No. 1") amends the statement of
beneficial ownership on Schedule 13D ("Schedule 13D"), filed on November 13,
2000, by and on behalf of Smithfield Foods, Inc., a Virginia corporation
("Smithfield"), and SF Investments, Inc., a Delaware corporation ("SF
Investments" and together with Smithfield, the "Reporting Persons"), with
respect to the common stock, par value $0.05 per share ("Common Stock"), of IBP,
Inc., a Delaware corporation ("IBP"). Capitalized terms used herein and not
defined herein have the meanings ascribed thereto in the Schedule 13D.
Item 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 of Schedule 13D is amended by amending and restating
paragraph 4 thereto, including Schedule III incorporated therein, as follows:
Except for transactions disclosed on Schedule III, as amended,
there have been no transactions with respect to shares of Common Stock, within
60 days prior to the date hereof, by the Reporting Persons.
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
Item 6 of Schedule 13D is amended and restated as follows:
On November 16, 2000 Smithfield and IBP entered into a
Confidentiality Agreement which contains certain restrictions on Smithfield's
ability to acquire Common Stock of IBP. The text of the Confidentiality
Agreement is attached as Exhibit 1 hereto and is incorporated herein by
reference.
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SIGNATURES
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.
SMITHFIELD FOODS, INC.
By: /s/ C. LARRY POPE
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Name: C. Larry Pope
Title: Vice President and Chief
Financial Officer
Dated: November 17, 2000
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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.
SF INVESTMENTS, INC.
By: /s/ MICHAEL COLE
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Name: Michael Cole
Title: Vice President
Dated: November 17, 2000
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SCHEDULE III
All transactions for the period 9/12/00 - 11/13/00
All transactions were effected by SF Investments, Inc.
<TABLE>
<CAPTION>
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Transaction Date Number of Shares Transaction Price per Share
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<S> <C> <C> <C>
9/7/00 190,000 Open-Market Purchase $15.99
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9/8/00 217,000 Open-Market Purchase $15.93
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9/11/00 5,000 Open-Market Purchase $15.99
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10/4/00 84,000 Open-Market Sale $18.27
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</TABLE>
