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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)*
Lamcor, Incorporated
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(Name of Issuer)
No Par Value Common Stock
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(Title of Class of Securities)
NA
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(CUSIP Number)
Allen D. Barnes
Packaging Acquisition Corporation
1633 Mt. Vernon Road
Dunwoody, Georgia 30338
(770) 604 - 9000
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
December 4, 1996
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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(b)(3) or (4), check the following box [ ].
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
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).
Page 1 of 4 Pages
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SCHEDULE 13D
<TABLE>
<S> <C>
CUSIP NO. ____________________ PAGE 2 OF 6 PAGES
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1 NAME OF REPORTING PERSON
Packaging Acquisition Corporation
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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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*
O
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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
Georgia
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7 SOLE VOTING POWER
NUMBER OF ---------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 253,450
OWNED BY ---------------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON ---------------------------------------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON*
253,450
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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)**
18.3%
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14 TYPE OF REPORTING PERSON
CO
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</TABLE>
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* The aggregate number of shares indicated in Row 11 are subject to
Shareholder Voting Agreements dated September 30, 1996, between the
reporting person and each of Leo Lund, Toby Jensen, Sue Jones, David P.
Stewart and Mark A. Steele as described in Item 4 of this report. The
reporting person expressly disclaims beneficial ownership of any of the
shares of common stock of the registrant as to which it may be deemed to
share voting power pursuant to such Shareholder Voting Agreements.
Page 2 of 4 Pages
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ITEM 4. PURPOSE OF TRANSACTION
Pursuant to an Agreement and Plan of Merger, dated as of September 30,
1996 (the "Merger Agreement"), among PAC, Lamcor and LI Acquisition
Corporation, a Georgia corporation and a wholly-owned subsidiary of PAC, and in
consideration thereof, PAC and each of Leo W. Lund, Toby Jensen, Christopher
Elliott, Sue Jones, David P. Stewart, Tim Stewart, Kathy Young and Mark A.
Steele (the "Shareholders") entered into a Shareholder Voting Agreement
(each, a "Voting Agreement"). Each Voting Agreement provides that the
Shareholder will vote such Shareholder's shares of Lamcor Common Stock in favor
of the merger of LI Acquisition Corporation with and into Lamcor (the "Lamcor
Merger"), the execution and delivery by Lamcor of the Merger Agreement and the
approval of the terms thereof and each of the other transactions contemplated
by the Merger Agreement. Each Voting Agreement also provides that the
Shareholder will vote such Shareholder's shares of Lamcor Common of Stock
against any merger agreement or merger (other than the Merger Agreement and the
Lamcor Merger), consolidation, combination, sale of substantial assets,
reorganization, recapitalization, dissolution, liquidation or winding up of or
by Lamcor or any amendment of Lamcor's Certificate of Incorporation or Bylaws
or other proposal or transaction that would in any manner impede, frustrate,
prevent or nullify the Lamcor Merger, the Merger Agreement or any of the other
transactions contemplated by the Merger Agreement. Each Shareholder has also
agreed not to, and not to permit any, of its representatives to, directly or
indirectly, solicit, initiate or encourage the submission of, any proposal for
a merger, consolidation, share exchange or other business combination involving
Lamcor or any of its subsidiaries or any proposal, tender or other offer to
acquire in any manner, directly or indirectly, an equity interest in any voting
securities of, or a substantial portion of the assets of Lamcor or any of its
subsidiaries, other than the Lamcor Merger and the transactions contemplated by
the Merger Agreement, or participate in any discussions or negotiations
regarding, or furnish to any person any information with respect to, or take
any other action to facilitate any inquiries or the making of any proposal that
constitutes, or may reasonably be expected to lead to, any such proposal.
On December 4, 1996, PAC and each of Kathy Young, Christopher Elliott
and Tim Stewart agreed to revoke, rescind and terminate the Voting Agreements
to which Ms. Young and Messrs. Elliott and Stewart were party. As a result,
the aggregate number of shares of Lamcor Common Stock subject to Voting
Agreements currently in effect has decreased from 681,703 to 253,450,
representing 18.3% of the shares outstanding as of December 4, 1996.
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** The percentage indicated represents the percentage of the total
outstanding shares of the registrant's common stock as of December 4, 1996.
Page 3 of 4 Pages
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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.
December 13, 1996 /s/ Allen D. Barnes
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Date Signature
Allen D. Barnes, President
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Name/Title
Page 4 of 4 Pages
