SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
UNDER THE SECURITIES AND EXCHANGE ACT OF 1934
(AMENDMENT NO. 12)
ATLANTIS PLASTICS, INC.
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(Name of Issuer)
CLASS A COMMON STOCK, $.10 PAR VALUE
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(Title of Class of Securities)
049156102
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(CUSIP Number)
DECEMBER 31, 1999
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed.
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
*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 the disclosures provided in a prior cover page.
The information required in 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 9 Pages
<PAGE>
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CUSIP NO. 049156102 SCHEDULE 13G PAGE 2 OF 9 PAGES
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<TABLE>
<CAPTION>
<S> <C> <C>
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
EARL W. POWELL
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
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NUMBER OF 5 SOLE VOTING POWER 1,231,046(1)
SHARES ------ --------------------------------------------- --------------------
BENEFICIALLY 6 SHARED VOTING POWER 1,554,385(1)
OWNED BY ------ --------------------------------------------- --------------------
EACH 7 SOLE DISPOSITIVE POWER 1,231,046(1)
REPORTING ------ --------------------------------------------- --------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER 1,554,385(1)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,785,431(1)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
[X] (2)
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
40.2%(1)
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12 TYPE OF REPORTING PERSON*
IN
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</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) See Item 4 herein.
(2) The aggregate amount in Row 9 does not include 2,690 shares of Class A
Common Stock owned of record by the Reporting Person's spouse (in such
spouse's Individual Retirement Account), with respect to which the
Reporting Person disclaims beneficial ownership.
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CUSIP NO. 049156102 SCHEDULE 13G PAGE 3 OF 9 PAGES
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<TABLE>
<CAPTION>
<S> <C> <C>
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
PHILLIP T. GEORGE, M.D.
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
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NUMBER OF 5 SOLE VOTING POWER 1,103,149(1)
SHARES ------ --------------------------------------------- --------------------
BENEFICIALLY 6 SHARED VOTING POWER 1,554,385(1)
OWNED BY ------ --------------------------------------------- --------------------
EACH 7 SOLE DISPOSITIVE POWER 1,103,149(1)
REPORTING ------ --------------------------------------------- --------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER 1,554,385(1)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,657,534(1)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
39.4%(1)
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12 TYPE OF REPORTING PERSON*
IN
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</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) See Item 4 herein.
<PAGE>
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CUSIP NO. 049156102 SCHEDULE 13G PAGE 4 OF 9 PAGES
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<TABLE>
<CAPTION>
<S> <C> <C>
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
TRIAD CAPITAL FUND
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
STATE OF ILLINOIS
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NUMBER OF 5 SOLE VOTING POWER - 0 -
SHARES ------ --------------------------------------------- --------------------
BENEFICIALLY 6 SHARED VOTING POWER 1,554,385(1)
OWNED BY ------ --------------------------------------------- --------------------
EACH 7 SOLE DISPOSITIVE POWER - 0 -
REPORTING ------ --------------------------------------------- --------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER 1,554,385(1)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,554,385(1)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
NOT APPLICABLE [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
25.5%(1)
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12 TYPE OF REPORTING PERSON*
PN
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</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) See Item 4 herein.
<PAGE>
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CUSIP NO. 049156102 SCHEDULE 13G PAGE 5 OF 9 PAGES
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ITEM 1(A). NAME OF ISSUER.
Atlantic Plastics, Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES.
1870 The Exchange
Suite 200
Atlanta, Georgia 30339
ITEM 2(A). NAME OF PERSON FILING.
This statement is filed on behalf of Earl W. Powell, Phillip
T. George, M.D., and Triad Capital Fund (individually, a
"Reporting Person," and collectively, the "Reporting
Persons"). See Exhibit A for the Reporting Persons' agreement
for a joint filing of a single statement on their behalf.
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE.
The address of the principal business office for each of Earl
Powell and Triad Capital Fund is:
2665 South Bayshore Drive, Suite 800
Miami, Florida 33133
The address of the principal business office for Phillip T.
George, M.D. is:
2601 South Bayshore Drive, Suite 725
Miami, Florida 33133
ITEM 2(C). CITIZENSHIP.
Each of Earl W. Powell and Phillip T. George, M.D. is a
citizen of the United States of America.
Triad Capital Fund was organized under the laws of the State
of Illinois.
ITEM 2(D). TITLE OF CLASS OF SECURITIES.
Class A Common Stock
ITEM 2(E). CUSIP NUMBER.
049156102
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR
13D-2(B) OR (C), IDENTIFY THE STATUS OF THE PERSON FILING.
Not applicable.
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CUSIP NO. 049156102 SCHEDULE 13G PAGE 6 OF 9 PAGES
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ITEM 4. OWNERSHIP.
<TABLE>
<CAPTION>
AMOUNT
REPORTING PERSON BENEFICIALLY OWNED(1) PERCENT OF CLASS(1)(2)
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<S> <C> <C>
Earl W. Powell 2,785,431(3)(4) 40.2%(5)
Phillip T. George, M.D. 2,657,534(4)(6) 39.4%(7)
Triad Capital Fund 1,554,385(8) 25.5%(9)
POWER TO VOTE POWER TO DISPOSE
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REPORTING PERSON SOLE SHARED SOLE SHARED
- ----------------------- ------------ ------------ ------------ ------------
Earl W. Powell 1,231,046(3) 1,554,385(4) 1,231,046(3) 1,554,385(4)
Phillip T. George, M.D. 1,103,149(6) 1,554,385(4) 1,103,149(6) 1,554,385(4)
Triad Capital Fund 0 1,554,385(8) 0 1,554,385(8)
</TABLE>
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(1) The number of shares and percentage of Class A Common Stock includes
shares to which such Reporting Person has the right to acquire
beneficial ownership as specified in Rule 13d-3(d)(1) of the Act. Each
share of Class B Common Stock is convertible at the election of the
holder thereof into one share of Class A Common Stock.
(2) Calculated on the basis of 4,752,991 shares of Class A Common Stock
outstanding on December 31, 1999.
(3) Includes (i) 60,105 shares of Class A Common Stock directly owned by
the Reporting Person; (ii) 353,316 shares of Class A Common Stock
issuable upon conversion of Class B Common Stock directly owned by the
Reporting Person; (iii) 117,625 shares of Class A Common Stock issuable
upon exercise of options that are either immediately exercisable or
exercisable within 60 days; and (iv) 335,482 shares of Class A Common
Stock and 364,518 shares of Class A Common Stock issuable upon
conversion of Class B Common Stock indirectly owned by the Reporting
Person through CWB Limited Partnership, a limited partnership ("CWB")
of which the Reporting Person is the sole limited partner. The general
partner of CWB is Powell Western Investments, Inc., of which the
Reporting Person is a director and a controlling shareholder.
(4) Includes 221,353 shares of Class A Common Stock and 1,333,032 shares of
Class A Common Stock issuable upon conversion of Class B Common Stock
directly owned by Triad Capital Fund ("Triad"). The general partner of
Triad is Trivest of Florida, Ltd., a Florida limited partnership
("Trivest of Florida"). Trivest, Inc., a Delaware corporation
("Trivest"), is the general partner of Trivest of Florida. Mr. Powell,
President and Chief Executive Officer of Trivest, and Dr. George,
Chairman of the Board of Trivest, own 100 percent of Trivest's
outstanding common stock.
(5) Assuming the issuance of (i) 717,834 shares of Class A Common Stock
upon conversion of all the Class B Common Stock beneficially owned by
the Reporting Person and (ii) 117,625 shares of Class A Common Stock
upon exercise of options that are either immediately exercisable or
exercisable within 60 days.
(6) Includes (i) 374,771 shares of Class A Common Stock directly owned by
the Reporting Person; (ii) 63,934 shares of Class A Common Stock held
of record by the Reporting Person as custodian for his minor children
under the Florida Uniform Gifts to Minors Act (with respect to which
the Reporting Person disclaims beneficial ownership); (iii) 608,319
shares of Class A Common Stock issuable upon conversion
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CUSIP NO. 049156102 SCHEDULE 13G PAGE 7 OF 9 PAGES
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of Class B Common Stock directly owned by the Reporting Person; and
(iv) 56,125 shares of Class A Common Stock issuable upon exercise of
options that are either immediately exercisable or exercisable within
60 days.
(7) Assuming the issuance of (i) 1,941,351 shares of Class A Common Stock
upon conversion of all the Class B Common Stock beneficially owned by
the Reporting Person; and (ii) 56,125 shares of Class A Common Stock
upon exercise of options that are either immediately exercisable or
exercisable within 60 days.
(8) The Reporting Person owns of record and has shared power to vote and
dispose of 221,353 shares of Class A Common Stock and 1,333,032 shares
of Class B Common Stock.
(9) Assuming the issuance of 1,333,032 shares of Class A Common Stock upon
conversion of all the Class B Common Stock beneficially owned by the
Reporting Person.
Mr. Powell and Dr. George beneficially own, directly or indirectly
(through their shared control of Triad), in the aggregate, 3,888,580 shares of
Class A Common Stock (after giving effect to conversion of Class B Common Stock
and exercise of options), representing 51.3% of the Class A Common Stock (after
giving effect to conversion of Class B Common Stock and exercise of options).
Mr. Powell and Dr. George may be deemed controlling persons of the Issuer by
virtue of their direct and indirect beneficial ownership of Class A Common Stock
as well as by virtue of their serving as the Issuer's Chairman and Vice Chairman
of the Board, respectively.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
If this Statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON.
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY.
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
Not Applicable.
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CUSIP NO. 049156102 SCHEDULE 13G PAGE 8 OF 9 PAGES
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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.
February 10, 2000 /S/ EARL W. POWELL
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EARL W. POWELL
/S/ PHILLIP T. GEORGE, M.D.
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PHILLIP T. GEORGE, M.D.
TRIAD CAPITAL FUND
By: Trivest of Florida, Ltd.,
General Partner
By: Trivest, Inc.,
General Partner
By: /S/ B. JAY ANDERSON
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B. Jay Anderson
Chief Financial Officer
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CUSIP NO. 049156102 SCHEDULE 13G PAGE 9 OF 9 PAGES
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EXHIBIT A
AGREEMENT TO FILE JOINT SCHEDULE 13G
Pursuant to Rule 13d-1(k)(1), the undersigned hereby consent to the
joint filing of a single statement on their behalf.
February 10, 2000 /S/ EARL W. POWELL
---------------------------------
EARL W. POWELL
/S/ PHILLIP T. GEORGE, M.D.
---------------------------------
PHILLIP T. GEORGE, M.D.
TRIAD CAPITAL FUND
By: Trivest of Florida, Ltd.,
General Partner
By: Trivest, Inc.,
General Partner
By: /S/ B. JAY ANDERSON
--------------------------
B. Jay Anderson
Chief Financial Officer
