<PAGE>
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. 4)
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)
JANUARY 3, 2001
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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 |_|.
<PAGE>
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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:
Not Applicable (See Item 5)
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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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7 SOLE VOTING POWER
NUMBER OF 4,159,341
SHARES ----------------------------------------------------------------
BENEFI- 8 SHARED VOTING POWER
CIALLY 250,000(1)
OWNED BY ----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 4,159,341
PERSON ----------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON:
4,409,341(1)
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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):
4.2%(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.
<PAGE>
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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:
Not Applicable (See Item 5)
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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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7 SOLE VOTING POWER
NUMBER OF N/A
SHARES ----------------------------------------------------------------
BENEFI- 8 SHARED VOTING POWER
CIALLY N/A
OWNED BY ----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING N/A
PERSON ----------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
N/A
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON:
4,159,241
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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):
4.0%
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14. TYPE OF REPORTING PERSON:
CO
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<PAGE>
This Amendment No. 4 ("Amendment No. 4") amends the statement of
beneficial ownership on Schedule 13D filed on November 13, 2000, amended by
Amendment No. 1 thereto filed on November 17, 2000, further amended by
Amendment No. 2 thereto filed on December 20, 2000 and further amended by
Amendment No. 3 thereto filed on January 2, 2001 (as amended, the "Schedule
13D") 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 ISSUER.
Item 5 of Schedule 13D is amended and restated as follows:
SF Investments is the beneficial owner of 4,159,241 shares of IBP
Common Stock, representing approximately 4.0% of the IBP Common Stock issued and
outstanding as of December 28, 2000. Smithfield, as sole stockholder of SF
Investments, may be deemed to beneficially own the shares directly owned by SF
Investments and therefore may be deemed to beneficially own 4,409,341, shares,
representing 4.2% of IBP Common Stock issued and outstanding as of December 28,
2000. This amount also 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; (4) the Esskay
Pension Plan for Bargaining Employees; (5) the John Morrell Salaried Employees
Pension Plan; and (6) the John Morrell Hourly Employees Pension Plan. Smithfield
has shared voting power over such shares held by Chase. Except as set forth
herein, no person has the right to receive or the power to direct the receipt of
dividends from, or the proceeds from the sale of, the shares of IBP Common Stock
held by the Reporting Persons.
Except for George E. Hamilton, Jr., a Smithfield director, who
beneficially owns 4,000 shares of IBP Common Stock, to the knowledge of the
Reporting Persons, none of the directors and executive officers of the Reporting
Persons beneficially own shares of IBP Common Stock.
On January 2, 2001 and January 3, 2001, SF Investments sold
2,555,000 shares of IBP Common Stock. The details of such sales are set forth in
Schedule I.
On January 3, 2001, the Reporting Persons ceased to be the
beneficial owners of more than 5% of the IBP Common Stock. Accordingly, the
Reporting Persons no longer have a reporting obligation under Section 13(d) of
the Securities Exchange Act, and the Reporting Persons intend not to further
amend their report on Schedule 13D to reflect changes in the facts set forth
herein that may occur after the date hereof.
<PAGE>
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
----------------------------------------
Name: C. Larry Pope
Title: Vice President and Chief Financial
Officer
Dated: January 4, 2001
<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.
SF INVESTMENTS, INC.
By: /s/ Michael Cole
-----------------------------------
Name: Michael Cole
Title: Vice President
Dated: January 4, 2001
<PAGE>
SCHEDULE I
All transactions for the period 11/10/00 - 01/03/01
All transactions were effected by SF Investments, Inc.
<TABLE>
<CAPTION>
Transaction Date Number of Shares Transaction Price per Share
---------------- ---------------- ----------- ---------------
<S> <C> <C> <C>
01/02/01 440,400 Open-Market Sale $28.14
01/03/01 1,114,600 Open-Market Sale $28.11
01/03/01 7,000 Open-Market Sale $28.31
01/03/01 558,500 Open-Market Sale $28.06
01/03/01 385,500 Open-Market Sale $28.13
01/03/01 38,000 Open-Market Sale $28.19
01/03/01 11,000 Open-Market Sale $28.25
</TABLE>
