<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(AMENDMENT NO. 1)
Under The Securities Exchange Act of 1934
PUBLICKER INDUSTRIES INC.
(Name of Issuer)
Common Stock, $.10 par value
(Title of Class of Securities)
1-3315
(Commission File No.)
23-0991870
(I.R.S. Employer No.)
Gary N. Jacobs, Esq.
Christensen, Miller, Fink, Jacobs, Glaser, Weil & Shapiro, LLP
2121 Avenue of the Stars, Eighteenth Floor
Los Angeles, California 90067
(310) 553-3000
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 17, 1998
(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 the statement [ ].
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.)
(Continued on following page(s))
<PAGE> 2
COMMISSION FILE NO. 1-3315 13 D PAGE 2 OF 7 PAGES
- -------------------------- -----------------
1 NAME OF REPORTING PERSON Lodgeco Properties, Ltd.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZEN OR PLACE ORGANIZATION
Texas
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 175,500
SHARES -----------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
EACH -----------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 175,500
-----------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
175,500
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENTAGE OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.3%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 3
COMMISSION FILE NO. 1-3315 13 D PAGE 3 OF 7 PAGES
- -------------------------- -----------------
1 NAME OF REPORTING PERSON Mill Equities Co.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ x ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZEN OR PLACE OF ORGANIZATION California
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 141,700
SHARES -----------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
EACH -----------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 141,700
-----------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
141,700
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENTAGE OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.1%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 4
COMMISSION FILE NO. 1-3315 13 D PAGE 4 OF 7 PAGES
- -------------------------- -----------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Rossco Holdings Incorporated
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ x ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZEN OR PLACE OF ORGANIZATION California
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 265,000
SHARES -----------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
EACH -----------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 265,000
-----------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
265,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENTAGE OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 5
COMMISSION FILE NO. 1-3315 13 D PAGE 5 OF 7 PAGES
- -------------------------- -----------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Triro Equities Co.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ x ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZEN OR PLACE OF ORGANIZATION Texas
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 99,000
SHARES -----------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
EACH -----------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 99,000
-----------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
99,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENTAGE OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.8%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 6
Reference is hereby made to that certain Schedule 13D dated July 2, 1998
(the "Schedule"), filed by Rossco Holdings Incorporated, a California
corporation ("RHI"), Lodgeco Properties, Ltd., a Texas limited partnership, Mill
Equities Co., a California general partnership, and Triro Equities Co., a Texas
general partnership (collectively, the "Reporting Persons"), with respect to the
common stock, $0.10 par value (the "Common Stock"), of Publicker Industries,
Inc., a Pennsylvania corporation (the "Issuer"). Unless otherwise indicated
herein, capitalized terms used herein shall have the meanings ascribed to them
in the Schedule. Unless otherwise indicated herein, the information contained in
the Schedule remains unchanged. The Schedule is hereby amended as follows:
ITEM 4. PURPOSE OF TRANSACTION.
Item 4 is hereby amended to add the following:
In a letter to the Issuer dated July 17, 1998, a copy of which is
attached hereto as Exhibit 3 and incorporated herein by reference, RHI made a
demand to inspect the Issuer's books and records as provided by Pennsylvania
law. The purpose of such inspection is to (i) review transactions between the
Issuer and its subsidiaries, on the one hand, and the officers and directors of
the Issuer and their affiliates, on the other hand, to ensure that the officers
and directors are acting with the required duty of loyalty toward the Issuer,
and (ii) communicate with shareholders of the Issuer in a manner consistent with
applicable securities laws.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
<TABLE>
<CAPTION>
Exhibit No. Description
<S> <C>
3 Letter dated July 17, 1998, from Rossco Holdings
Incorporated to Publicker Industries, Inc.
</TABLE>
Page 6 of 7
<PAGE> 7
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.
Dated: July 21, 1998
ROSSCO HOLDINGS INCORPORATED
a California corporation
By: /s/ Leonard M. Ross
-------------------------------
Leonard M. Ross, President
LODGECO PROPERTIES, LTD.
a Texas limited partnership
By Rossco Holdings Incorporated
General Partner
By: /s/ Leonard M. Ross
-------------------------------
Leonard M. Ross, President
MILL EQUITIES CO.
A California general partnership
By: /s/ Leonard M. Ross
-------------------------------
Leonard M. Ross, President
TRIRO EQUITIES CO.,
A Texas general partnership
By: /s/ Leonard M. Ross
-------------------------------
Leonard M. Ross, President
Page 7 of 7
<PAGE> 1
EXHIBIT 3
(LETTERHEAD OF ROSSCO HOLDINGS INCORPORATED)
July 17, 1998
Publicker Industries, Inc.
One Post Road
Fairfield, Connecticut 06430
Attention: Secretary
Dear Sir:
Pursuant to Title 15, Section 1508(b), of the Pennsylvania Consolidated
Statutes, the undersigned, a shareholder of record of Publicker Industries,
Inc., a Pennsylvania corporation (the "Company"), hereby demands to inspect the
books and records of the Company. As permitted by the Pennsylvania Consolidated
Statutes, this demand includes, but is not limited to, inspection of the
Company's share register, books and records of account, and records of the
proceedings of the incorporators, shareholders, and directors.
The purpose of this inspection is to (i) review the transactions between
the Company and its subsidiaries, on the one hand, and officers and directors of
the Company and their affiliates, on the other hand, to ensure the directors and
officers are acting with the required duty of loyalty towards the Company, and
(ii) communicate with shareholders of the Company in a manner consistent with
applicable securities laws.
Please notify the undersigned at (310) 274-1986 of the time when the
books and records will be available for inspection.
In addition, the undersigned hereby demands copies of each agreement or
arrangement between the Company or its subsidiaries providing for compensation
(including any bonus or incentive compensation) to be paid to any director or
executive officer of the Company or any affiliate of any director or executive
officer, including without limitation, the following:
(a) The Agreements dated as of August 1987, between the Company and
Harry I. Freund, Jay S. Goldsmith, David L. Herman and James J.
Weis concerning a change in control of the Company;
(b) The Company's 1991 Stock Option Plan;
<PAGE> 2
EXHIBIT 3
Publicker Industries, Inc.
July 17, 1998
Page 2
(c) Employment Agreement dated February 17, 1987 between the Company
and James J. Weis;
(d) The Company's 1993 Long-Term Incentive Plan;
(e) The Company's Non-Employee Director Stock Option Plan;
(f) Consulting Agreement between the Company and Harry I. Freund and
Jay S. Goldsmith; and
(g) Agreements providing incentive or bonus compensation paid since
1990 or to be paid to directors or officers of the Company or
their affiliates.
Copies of the foregoing should be sent our attorney, Gary N. Jacobs,
Christensen, Miller, Fink, Jacobs, Glaser, Weil & Shapiro, LLP, 2121 Avenue of
the Stars, 18th Floor, Los Angeles, California 90067.
The undersigned hereby certifies that he is authorized to make the
foregoing demands set forth herein. The statements made herein are subject to
the penalties of Title 18, Section 4904 of the Pennsylvania Consolidated
Statutes.
Very truly yours,
ROSSCO HOLDINGS INCORPORATED
By: /s/ Leonard M. Ross
-------------------------------
Leonard M. Ross
President
