===============================================================================
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----------------------
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Final Amendment)
PANERA BREAD COMPANY
(Name of Issuer)
CLASS A COMMON STOCK
$.0001 PAR VALUE
(Title of Class of Securities)
-----------------------
050103 10 0
(Cusip Number)
Morgan Stanley Dean Witter & Co.
PG Investors, Inc.
Princes Gate Investors, L.P.
(Name of Persons Filing Statement)
Peter R. Vogelsang
Morgan Stanley Dean Witter & Co.
1585 Broadway, 36th Floor
New York, NY 10036
Tel No.: (212) 761-4000
with a copy to:
Paul R. Kingsley
Davis Polk & Wardwell
450 Lexington Avenue
New York, NY 10017
Tel No.: (212) 450-4000
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
June 14, 1999
(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 statement because of Rule 13d-1(b)(3) or (4), check the following: o
Check the following box if a fee is being paid with this statement: o
===============================================================================
Page 1 of 7
<PAGE>
<TABLE>
SCHEDULE 13D
CUSIP No. 050103 10 0 Page 2 of 7 Pages
- --------------------------------------------------------------------------------------------------
<S> <C> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Morgan Stanley Dean Witter & Co.
36-3145972
- --------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Inapplicable
- --------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DE
- --------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
----------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES 150,000
BENEFICIALLY OWNED BY ----------------------------------------------------
EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER
WITH
-0-
----------------------------------------------------
10 SHARED DISPOSITIVE POWER
150,000
- --------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
150,000
- --------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES*
- --------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.39%
- --------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO, IA
- --------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1746 (9-88) 2 of 7
Page 2 of 7
<PAGE>
SCHEDULE 13D
CUSIP No. 050103 10 0 Page 3 of 7 Pages
- --------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
PG Investors, Inc.
13-3642657
- --------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Inapplicable
- --------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DE
- --------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
26,785
----------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES 123,215
BENEFICIALLY OWNED BY ----------------------------------------------------
EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER
WITH
26,785
----------------------------------------------------
10 SHARED DISPOSITIVE POWER
123,215
- --------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
150,000
- --------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES*
- --------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.39%
- --------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO, IA
- --------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1746 (9-88) 3 of 7
Page 3 of 7
<PAGE>
SCHEDULE 13D
CUSIP No. 050103 10 0 Page 4 of 7 Pages
- --------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Princess Gate Investors, L.P.
- --------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Inapplicable
- --------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DE
- --------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
----------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES 112,392
BENEFICIALLY OWNED BY ----------------------------------------------------
EACH REPORTING PERSON 9 SOLE DISPOSITIVE POWER
WITH
0
----------------------------------------------------
10 SHARED DISPOSITIVE POWER
112,392
- --------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
112,392
- --------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
CERTAIN SHARES*
- --------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.04%
- --------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN, IA
- --------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1746 (9-88) 4 of 7
Page 4 of 7
</TABLE>
<PAGE>
The following information hereby amends and supplements the Report on
Schedule 13D, originally filed on January 3, 1994, as amended by Amendment No.
1 filed on August 5, 1996 (the "Schedule 13D"), with respect to shares of
Common Stock, $.0001 par value (the "Shares") of Panera Bread Company (formerly
known as Au Bon Pain Co., Inc.), a Delaware corporation (the "Company").
Unless otherwise indicated, each capitalized terms used but not defined
herein shall have the meaning assigned to such term in the Schedule 13D.
Item 1. Security and Company.
The response set forth in Item 1 of the Schedule 13D is hereby amended and
supplemented by the following information:
The principal executive offices of the Company are located at 7930 Big
Bend Boulevard, Webster Groves, MO 63119.
Item 2. Identity and Background.
The response set forth in Item 1 of the Schedule 13D is hereby amended and
supplemented by the following information:
All references to Morgan Stanley Group Inc. and MS Group in the Schedule
13D shall hereinafter be understood as references to Morgan Stanley Dean Witter
& Co. and Morgan Stanley Dean Witter, respectively.
The name, business address, present principal occupation or employment,
and citizenship of each director and officer of Morgan Stanley Dean Witter and
PGI Inc. is set forth on the amended and restated Schedule A (the "Amended
Schedule A") attached hereto. All references to Schedule A in the Schedule 13D
shall hereinafter be understood as references to the Amended Schedule A.
Morgan Stanley Dean Witter, through its wholly-owned broker-dealer
subsidiary MS & Co., no longer makes a market in the Shares and no longer holds
on behalf of customers Shares over which it exercises discretionary authority.
The 150,000 Shares of which Morgan Stanley Dean Witter may be deemed to be the
beneficial owner constitute the Shares obtainable upon exercise of the Warrants
acquired by Princes Gate L.P., the Co-Investment Partnership and the Investors.
Item 4. Purpose of Transaction.
The response set forth in Item 4 of the Schedule 13D is hereby amended and
supplemented by the following information:
Morgan Stanley Dean Witter, through its wholly-owned broker-dealer
subsidiary MS & Co., no longer makes a market in the Shares and no longer holds
on behalf of customers Shares over which it exercises discretionary authority.
On June 14, 1999, the Company redeemed $30,000,000 in aggregate principal
amount of the Notes held by Princes Gate L.P. for a redemption price equal to
the outstanding principal amount.
Item 5. Interest in Securities of the Company.
The response set forth in Item 1 of the Schedule 13D is hereby amended and
restated in its entirety as follows:
As a result of the Company's redemption at par value of $30,000,000 in
aggregate principal amount of the Notes:
(a) Morgan Stanley Dean Witter, for the purpose of Rule 13d-3 promulgated
under the Exchange Act, beneficially owns 150,000 Shares obtainable upon
exercise of the Warrants at an exercise price of $5.62 per Share, representing
approximately 1.39% of the outstanding Shares (based on the sum of (1)
10,616,382 Shares reported by the Company as outstanding on November 9, 1999 in
its report on Form 10-Q for the quarterly period ended October 2, 1999 and (2)
150,000 Shares issuable upon exercise of the Warrants);
Page 5 of 7
<PAGE>
PGI Inc., for the purpose of Rule 13d-3 promulgated under the Exchange
Act, beneficially owns 150,000 Shares obtainable upon exercise of the Warrants
at an exercise price of $5.62 per Share, representing approximately 1.39% of
the outstanding Shares (calculated as described above); and
Princes Gate L.P., for the purpose of Rule 13d-3 promulgated under the
Exchange Act, beneficially owns 112,392 Shares obtainable upon exercise of the
Warrants at an exercise price of $5.62 per Share, representing approximately
1.04% of the outstanding Shares (calculated as described above).
Except as set forth in this Item 5(a), neither the Reporting Persons, nor
any other person controlling the Reporting Persons, nor, to the best of their
knowledge, any persons named in Schedule A hereto beneficially owns any Shares.
(b) Because Morgan Stanley Dean Witter, through its wholly-owned
broker-dealer subsidiary MS & Co., no longer makes a market in the Shares,
Morgan Stanley Dean Witter no longer has sole power to vote and dispose of any
Shares. Morgan Stanley Dean Witter has shared power to vote and to dispose of
150,000 Shares obtainable upon exercise of the Warrants as a result of its
ownership of PGI Inc.
PGI Inc. has sole power to vote and to dispose of 26,785 Shares held on
behalf of the Investors and shared power to vote and to dispose of 123,215
Shares obtainable upon exercise of the Warrants held by Princes Gate L.P.
and the Co-Investment Partnership.
Princes Gate L.P., acting through its general partner PGI Inc., has shared
power to vote and to dispose of 112,392 Shares obtainable upon exercise of the
Warrants.
(c) Inapplicable.
(d) Inapplicable.
(e) On June 14, 1999, the Reporting Persons each ceased to be the
beneficial owners of more than 5% of the Shares. The Reporting Persons'
respective reporting obligations pursuant to Section 13(d) of the Exchange Act
and the rules and regulations promulgated thereunder is therefore terminated.
Page 6 of 7
<PAGE>
SIGNATURES
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: March 6, 2000
MORGAN STANLEY DEAN WITTER & CO.
By: /s/ Robert Koppenol
-----------------------------------
Name: Robert Koppenol
Title: Principal
PG INVESTORS, INC.
By: /s/ David Powers
-----------------------------------
Name: David Powers
Title: Vice President
PRINCES GATE INVESTORS, L.P.
By: PG Investors, Inc., as General Partner
By: /s/ David Powers
-----------------------------------
Name: David Powers
Title: Vice President
Page 7 of 7
<PAGE>
AMENDED SCHEDULE A
Directors and Executive Officers
of
Morgan Stanley Dean Witter & Co.
The name, business address, title, present principal occupation or
employment of each of the directors and executive officers of Morgan Stanley
Dean Witter & Co. ("Morgan Stanley Dean Witter") are set forth below. If no
business address is given the director's or officer's business address is that
of Morgan Stanley Dean Witter at 1585 Broadway, New York, NY 10036. Unless
otherwise indicated, each occupation set forth opposite an individual's name
refers to Morgan Stanley Dean Witter. Unless otherwise indicated below, all of
the persons listed below are citizens of the United States of America.
<TABLE>
Present Principal Occupation Including Name and
Name and Business Address Address(1) of Employer
- ----------------------------------------------- -----------------------------------------------------
<S> <C>
Philip Purcell................................. Chairman and Chief Executive Officer
John J. Mack................................... President and Chief Operating Officer
Robert P. Bauman............................... Director
Edward A. Brennan.............................. Director
Daniel B. Burke................................ Director
Laura D'Andrea Tyson........................... Director
C. Robert Kidder............................... Director
Charles F. Knight.............................. Director
Miles L. Marsh................................. Director
Michael A. Miles............................... Director
Allen E. Murray................................ Director
Clarence B. Rogers, Jr......................... Director
Present Principal Occupation Including Name and
Name and Business Address Address(2) of Employer
- ----------------------------------------------- -----------------------------------------------------
Executive Officers
(Who Are Not Directors)
Richard M. DeMartini........................... International Private Client Group
Kenneth M. deRegt.............................. Institutional Fixed Income
James F. Higgins............................... Individual Securities
Peter F. Karches............................... Institutional Securities
Donald G. Kempf, Jr............................ Executive Vice President, Chief Legal Officer,
General Counsel and Secretary
Mitchell M. Merin.............................. Asset Management
David W. Nelms................................. Discover Financial Services
Stephan F. Newhouse............................ Institutional Securities
Vikram S. Pandit............................... Institutional Equities
Joseph R. Perella.............................. Investment Banking
John H. Schaefer............................... Executive Vice President, Chief Strategic and
Administrative Officer
Robert G. Scott................................ Executive Vice President and Chief Financial Officer
Sir David A. Walker(3)......................... Morgan Stanley International Incorporated
- --------------
1. Same address as director's or officer's business address except where indicated.
2. Same address as director's or officer's business address except where indicated.
3. Citizen of the United Kingdom.
</TABLE>
A-1
<PAGE>
Directors and Executive Officers
of
PG Investors, Inc.
The name, business address, title, present principal occupation or
employment of each of the directors and executive officers of PG Investors,
Inc. ("PGI Inc.") are set forth below. PGI Inc. is the general partner of
Princes Gate Investors, L.P. ("Princes Gate L.P."). Princes Gate L.P. has no
officers and directors separate from the officers and directors of PGI Inc.,
its general partner. If no business address is given the director's or
officer's business address is that of Morgan Stanley Dean Witter & Co. at 1585
Broadway, New York, NY 10036. Unless otherwise indicated, each occupation set
forth opposite an individual's name refers to PGI Inc.. Unless otherwise
indicated below, all of the persons listed below are citizens of the United
States of America.
<TABLE>
Present Principal Occupation Including Name and
Name and Business Address Address(1) of Employer
- ----------------------------------------------- -----------------------------------------------------
<S> <C>
Directors
Tarek F. Abdel-Meguid.......................... Director
Joseph G. Fogg, III............................ Director
Stephen R. Munger.............................. Director
Gary W. Parr................................... Director
Present Principal Occupation Including Name and
Name and Business Address Address(2) of Employer
- ----------------------------------------------- -----------------------------------------------------
Executive Officers
(Who Are Not Directors)
Gian Andrea Botta.............................. President
Debra M. Aaron................................. Vice President
Pietro Cinquegrana............................. Vice President
Thomas A. Clayton ......................... Vice President
Gavin L. MacDonald............................. Vice President
Louis A. Palladino, Jr. ....................... Vice President
David R. Powers................................ Vice President
Bruce R. Sandberg.............................. Vice President
James M. Wilmott............................... Vice President
Alexander C. Frank............................. Treasurer
Martin M. Cohen................................ Secretary
Charlene R. Herzer............................. Assistant Secretary
Susan M. Krause................................ Assistant Secretary
- --------------
1. Same address as director's or officer's business address except where indicated.
2. Same address as director's or officer's business address except where indicated.
</TABLE>
A-2
