UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
PremiumWear, Inc.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
74090910
---------------------------------------------------
(CUSIP Number)
Francisco A. Lorenzo
333 Clay Street
Suite 4040
Houston, TX 77002
(713) 658-9594
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
July 11, 1996
----------------------------------------------------
(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(b)(3) or (4), check the following box
|_|.
Check the following box if a fee is being paid with this statement |_|.
<PAGE>
SCHEDULE 13D
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CUSIP No. 626320204 Page 2 of 13 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Francisco A. Lorenzo
(Intentionally Omitted)
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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*
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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 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 140,600 shares
----- ----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON
----- ----------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
140,600 shares
- ------ -------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
140,600 shares
- ------ -------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* |_|
- ------ -------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.83%
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14 TYPE OF REPORTING PERSON*
IN
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<PAGE>
SCHEDULE 13D
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CUSIP No. 626320204 Page 3 of 13 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Savoy Partners, Inc.
(Intentionally Omitted)
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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
- ------ -------------------------------------------------------------------------
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
Delaware
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7 SOLE VOTING POWER
NUMBER OF
----- ----------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 78,400 shares
----- ----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON
----- ----------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
78,400 shares
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
78,400 shares
- ------ -------------------------------------------------------------------------
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)
3.80%
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14 TYPE OF REPORTING PERSON*
CO
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<PAGE>
SCHEDULE 13D
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CUSIP No. 626320204 Page 4 of 13 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jet Capital Corporation
(Intentionally Omitted)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
- ------ -------------------------------------------------------------------------
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
Delaware
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7 SOLE VOTING POWER
NUMBER OF
----- ----------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 42,200 shares
----- ----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON
----- ----------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
42,200 shares
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
42,200 shares
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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)
2.05%
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14 TYPE OF REPORTING PERSON*
CO
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<PAGE>
SCHEDULE 13D
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CUSIP No. 626320204 Page 5 of 13 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Trust for Benefit of Nicole Patricia Lorenzo - 1992 Trust
(Intentionally Omitted)
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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*
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_|
- ------ -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
NUMBER OF
----- ----------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 5,000 shares
----- ----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON
----- ----------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
5,000 shares
- ------ -------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,000 shares
- ------ -------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* |_|
- ------ -------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.24%
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14 TYPE OF REPORTING PERSON*
OO
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<PAGE>
SCHEDULE 13D
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CUSIP No. 626320204 Page 6 of 13 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Francisco A. Lorenzo, As Custodian for Mercedes Ana Lorenzo
(Intentionally Omitted)
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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*
OO
- ------ -------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_|
- ------ -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------ -------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
----- ----------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 5,000 shares
----- ----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON
----- ----------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
5,000 shares
- ------ -------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,000 shares
- ------ -------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* |_|
- ------ -------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.24%
- ------ -------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
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<PAGE>
SCHEDULE 13D
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CUSIP No. 626320204 Page 7 of 13 Pages
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- ------ -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Francisco A. Lorenzo, As Custodian for Carolina Grace Lorenzo
(Intentionally Omitted)
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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*
OO
- ------ -------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_|
- ------ -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------ -------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
----- ----------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 5,000 shares
----- ----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON
----- ----------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
5,000 shares
- ------ -------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,000 shares
- ------ -------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* |_|
- ------ -------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.24%
- ------ -------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
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<PAGE>
SCHEDULE 13D
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CUSIP No. 626320204 Page 8 of 13 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Francisco A. Lorenzo, As Custodian for Timon Francis Lorenzo
(Intentionally Omitted)
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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*
OO
- ------ -------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_|
- ------ -------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------ -------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
----- ----------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 5,000 shares
----- ----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON
----- ----------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
5,000 shares
- ------ -------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,000 shares
- ------ -------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* |_|
- ------ -------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.24%
- ------ -------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
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<PAGE>
Page 9 of 13 Pages
This Amendment No. 1 amends the Schedule 13D filed on January 15, 1996
(the "Schedule 13D") on behalf of Francisco A. Lorenzo, Savoy Partners, Inc.,
Jet Capital Corporation, Trust for Benefit of Nicole Patricia Lorenzo - 1992
Trust, Francisco A. Lorenzo, As Custodian for Mercedes Ana Lorenzo, Francisco A.
Lorenzo, As Custodian for Carolina Grace Lorenzo and Francisco A. Lorenzo, As
Custodian for Timon Francis Lorenzo (collectively, the "Reporting Persons"),
with respect to the Common Stock, par value $0.01 per share, of PremiumWear,
Inc. (formerly known as Munsingwear, Inc.). Items not included in this Amendment
are either not amended or not applicable. All capitalized terms used herein and
not otherwise defined herein have the meaning ascribed to such terms in the
Schedule 13D.
Item 3. Source and Amount of Funds
The Response to Item 3 is hereby amended by deleting the entire text
thereof and inserting the following in lieu thereof.
The source and amount of funds (excluding commissions) used by the
Reporting Persons to purchase the shares of Common Stock reported in Item 5
below were as follows:
<TABLE>
<CAPTION>
Name Source of Funds Amount
- ---- --------------- ------
<S> <C> <C>
Savoy Partners, Inc. Working Capital $614,862
Jet Capital Corporation Working Capital $335,000
Trust for Benefit of Nicole Patricia Lorenzo - Trust Funds $40,600
1992 Trust
Francisco A. Lorenzo, As Custodian for Mercedes Custodial Funds $39,400
Ana Lorenzo
Francisco A. Lorenzo, As Custodian for Carolina Custodial Funds $39,500
Grace Lorenzo
Francisco A. Lorenzo, As Custodian for Timon Custodial Funds $40,200
Francis Lorenzo
</TABLE>
Item 4. Purpose of Transaction
Item 4 of the Schedule 13D is hereby amended by deleting the second and
third paragraphs thereof.
Item 5. Interest in Securities of the Company
The Response to Item 5(a) and (b) is hereby amended by deleting the
entire text thereof and inserting the following in lieu thereof.
<PAGE>
Page 10 of 13 Pages
(a) and (b) The aggregate number of shares and percentage of the
outstanding shares of Common Stock (based on the number of shares reported by
the Issuer to be outstanding at July 16, 1996) owned by each of the Reporting
Persons is as follows:
<TABLE>
<CAPTION>
Name Number of Shares Percentage
- ---- ---------------- ----------
<S> <C> <C>
Savoy Partners, Inc. 78,400 shares(1) 3.80%(1)
Jet Capital Corporation 42,200 shares(1) 2.05%(1)
Trust for Benefit of Nicole Patricia 5,000 shares(1) 0.24%(1)
Lorenzo - 1992 Trust
Francisco A. Lorenzo, As Custodian for 5,000 shares 0.24%
Mercedes Ana Lorenzo
Francisco A. Lorenzo, As Custodian for 5,000 shares 0.24%
Carolina Grace Lorenzo
Francisco A. Lorenzo, As Custodian for 5,000 shares 0.24%
Timon Francis Lorenzo
</TABLE>
(1) Francisco A. Lorenzo shares voting and dispositive power with
respect to the shares of Common Stock owned by Savoy Partners, Inc., Jet Capital
Corporation and the Trust for Benefit of Nicole Patricia Lorenzo - 1992 Trust.
Accordingly, Mr. Lorenzo may be deemed to be the beneficial owner of all of the
140,600 shares owned by the Reporting Persons, representing 6.83% of the
outstanding shares of Common Stock. Schedule B annexed hereto and incorporated
herein by reference sets forth certain information as to the person with whom
Mr. Lorenzo shares voting or dispositive power with respect to shares of Common
Stock owned by the Trust for Benefit of Nicole Patricia Lorenzo - 1992 Trust.
Except as set forth above, neither any Reporting Person nor (to the knowledge of
the Reporting Persons) any person referred to on Schedule B beneficially owns
any shares of Common Stock.
<PAGE>
Page 11 of 13 Pages
(c) The Response to Item 5(c) is hereby amended by adding the following
thereto.
Certain information concerning the transactions in the Common Stock
effected since May 11, 1996 (60 days prior to July 11, 1996) by the Reporting
Persons is as follows:
<TABLE>
<CAPTION>
Name Date Number of Shares Purchase or Sale Price per Share
---- ---- ---------------- ---------------- ---------------
<S> <C> <C> <C> <C>
Savoy Partners, Inc. 05/23/96 4,000 Sale 7.500
Savoy Partners, Inc. 06/05/96 1,500 Purchase 7.042
Savoy Partners, Inc. 06/06/96 2,000 Purchase 7.125
Savoy Partners, Inc. 06/11/96 10,000 Purchase 7.250
Savoy Partners, Inc. 07/01/96 4,600 Purchase 7.375
Savoy Partners, Inc. 07/02/96 400 Purchase 7.625
Savoy Partners, Inc. 07/08/96 3,500 Purchase 9.500
Savoy Partners, Inc. 07/08/96 1,000 Purchase 9.375
Savoy Partners, Inc. 07/09/96 600 Purchase 9.750
Savoy Partners, Inc. 07/11/96 3,000 Purchase 9.750
Savoy Partners, Inc. 07/11/96 1,000 Purchase 9.625
Savoy Partners, Inc. 08/30/96 900 Purchase 10.375
Savoy Partners, Inc. 09/10/96 1,600 Purchase 10.500
Savoy Partners, Inc. 09/11/96 300 Purchase 10.500
Savoy Partners, Inc. 09/12/96 100 Purchase 10.500
</TABLE>
All of such transactions were effected on the New York Stock Exchange.
(d) No other person has the right to receive or the power to direct the
receipt of dividends from, or the profits from the sale of, the shares of Common
Stock owned by the Reporting Persons.
<PAGE>
Page 12 of 13 Pages
SIGNATURES
After reasonable inquiry and to the best knowledge and belief of each
person or entity set forth below, each such person or entity certifies that the
information set forth in this Statement is true, complete, and correct.
Dated: September 30, 1996
/s/ Francisco A. Lorenzo
- -----------------------------
Francisco A. Lorenzo
SAVOY PARTNERS, INC.
By/s/ Francisco A. Lorenzo
---------------------------
Francisco A. Lorenzo
President
JET CAPITAL CORPORATION
By/s/ Francisco A. Lorenzo
---------------------------
Francisco A. Lorenzo
President
TRUST FOR BENEFIT OF
NICOLE PATRICIA LORENZO - 1992 TRUST
By/s/ Francisco A. Lorenzo
---------------------------
Francisco A. Lorenzo
Trustee
<PAGE>
Page 13 of 13 Pages
FRANCISCO A. LORENZO, AS CUSTODIAN
FOR MERCEDES ANA LORENZO
/s/ Francisco A. Lorenzo
- -----------------------------
Francisco A. Lorenzo
FRANCISCO A. LORENZO, AS CUSTODIAN
FOR CAROLINA GRACE LORENZO
/s/ Francisco A. Lorenzo
- -----------------------------
Francisco A. Lorenzo
FRANCISCO A. LORENZO, AS CUSTODIAN
FOR TIMON FRANCIS LORENZO
/s/ Francisco A. Lorenzo
- -----------------------------
Francisco A. Lorenzo
