<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D (Amendment)
Under the Securities Exchange Act of 1934
BORDEN CHEMICALS AND
PLASTICS LIMITED PARTNERSHIP
(Name of Issuer)
COMMON UNIT
(Title of Class of Securities)
099541 20 3
(CUSIP Number)
Albert A. Woodward, Esq.
Maun & Simon, PLC
2000 Midwest Plaza Building West
801 Nicollet Mall
Minneapolis, Minnesota 55402
(612) 904-7400
(Name, Address and Telephone Number
of Person Authorized to Receive
Notices and Communications)
NOVEMBER 18, 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(e), 13d-1(f) or 13d-1(g), check the following
box [ ].
(Cover page continued on next 16 pages)
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
- ------------------------------------------------------------ -------------------
(1) Names of reporting persons............................ MARC H. KOZBERG
I.R.S. Identification Nos. of above persons
(entities only)...........................................
- ------------------------------------------------------------ -------------------
(2) Check the appropriate box if a member of a group (see (a) X
instructions)
- ------------------------------------------------------------ -------------------
(b)
- ------------------------------------------------------------ -------------------
(3) SEC use only..........................................
- ------------------------------------------------------------ -------------------
(4) Source of funds (see instructions) PF
- ------------------------------------------------------------ -------------------
(5) Check if disclosure of legal proceedings is required
pursuant to Items 2(d) or 2(e).
- ------------------------------------------------------------ -------------------
(6) Citizenship or place of organization.................. USA
- ------------------------------------------------------------ -------------------
Number of shares beneficially owned by each reporting
person with:
(7) Sole voting power................................ 50,000
(8) Shared voting power.............................. 400,000
(9) Sole dispositive power........................... 50,000
(10) Shared dispositive power........................ 400,000
- ------------------------------------------------------------ -------------------
(11) Aggregate amount beneficially owned by each reporting 450,000
person.
- ------------------------------------------------------------ -------------------
(12) Check if the aggregate amount in Row (11) excludes
certain shares (see instructions).
- ------------------------------------------------------------ -------------------
(13) Percent of class represented by amount in Row (11)... 1.2%
- ------------------------------------------------------------ -------------------
(14) Type of reporting person (see instructions).......... IN
- ------------------------------------------------------------ -------------------
Page 2 of 31
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
- ------------------------------------------------------------ -------------------
(1) Names of reporting persons............................ BRUCE E. HENDRY
I.R.S. Identification Nos. of above persons
(entities only)...........................................
- ------------------------------------------------------------ -------------------
(2) Check the appropriate box if a member of a group (see (a) X
instructions)
- ------------------------------------------------------------ -------------------
(b)
- ------------------------------------------------------------ -------------------
(3) SEC use only..........................................
- ------------------------------------------------------------ -------------------
(4) Source of funds (see instructions) PF
- ------------------------------------------------------------ -------------------
(5) Check if disclosure of legal proceedings is required
pursuant to Items 2(d) or 2(e).
- ------------------------------------------------------------ -------------------
(6) Citizenship or place of organization.................. USA
- ------------------------------------------------------------ -------------------
Number of shares beneficially owned by each reporting
person with:
(7) Sole voting power................................ 1,091,300
(8) Shared voting power.............................. -0-
(9) Sole dispositive power........................... 1,091,300
(10) Shared dispositive power........................ -0-
- ------------------------------------------------------------ -------------------
(11) Aggregate amount beneficially owned by each reporting 1,091,300
person.
- ------------------------------------------------------------ -------------------
(12) Check if the aggregate amount in Row (11) excludes certain shares (see
instructions).
- ------------------------------------------------------------ -------------------
(13) Percent of class represented by amount in Row (11)... 3.0%
- ------------------------------------------------------------ -------------------
(14) Type of reporting person (see instructions).......... IN
- ------------------------------------------------------------ -------------------
Page 3 of 31
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
- ------------------------------------------------------------ -------------------
(1) Names of reporting persons............................ DR. DEMETRE NICOLOFF
I.R.S. Identification Nos. of above persons
(entities only)...........................................
- ------------------------------------------------------------ -------------------
(2) Check the appropriate box if a member of a group (see (a) X
instructions)
- ------------------------------------------------------------ -------------------
(b)
- ------------------------------------------------------------ -------------------
(3) SEC use only..........................................
- ------------------------------------------------------------ -------------------
(4) Source of funds (see instructions) PF
- ------------------------------------------------------------ -------------------
(5) Check if disclosure of legal proceedings is required
pursuant to Items 2(d) or 2(e).
- ------------------------------------------------------------ -------------------
(6) Citizenship or place of organization.................. USA
- ------------------------------------------------------------ -------------------
Number of shares beneficially owned by each reporting
person with:
(7) Sole voting power................................ 150,000
(8) Shared voting power.............................. 400,000
(9) Sole dispositive power........................... 150,000
(10) Shared dispositive power........................ 400,000
- ------------------------------------------------------------ -------------------
(11) Aggregate amount beneficially owned by each reporting 550,000
person.
- ------------------------------------------------------------ -------------------
(12) Check if the aggregate amount in Row (11) excludes
certain shares (see instructions).
- ------------------------------------------------------------ -------------------
(13) Percent of class represented by amount in Row (11)... 1.5%
- ------------------------------------------------------------ -------------------
(14) Type of reporting person (see instructions).......... IN
- ------------------------------------------------------------ -------------------
Page 4 of 31
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
- ------------------------------------------------------------ -------------------
(1) Names of reporting persons............................ G. JAMES SPINNER
I.R.S. Identification Nos. of above persons
(entities only)...........................................
- ------------------------------------------------------------ -------------------
(2) Check the appropriate box if a member of a group (see (a) X
instructions)
- ------------------------------------------------------------ -------------------
(b)
- ------------------------------------------------------------ -------------------
(3) SEC use only..........................................
- ------------------------------------------------------------ -------------------
(4) Source of funds (see instructions) PF
- ------------------------------------------------------------ -------------------
(5) Check if disclosure of legal proceedings is required
pursuant to Items 2(d) or 2(e).
- ------------------------------------------------------------ -------------------
(6) Citizenship or place of organization.................. USA
- ------------------------------------------------------------ -------------------
Number of shares beneficially owned by each reporting
person with:
(7) Sole voting power................................ 50,000
(8) Shared voting power.............................. 400,000
(9) Sole dispositive power........................... 50,000
(10) Shared dispositive power........................ 400,000
- ------------------------------------------------------------ -------------------
(11) Aggregate amount beneficially owned by each reporting 450,000
person.
- ------------------------------------------------------------ -------------------
(12) Check if the aggregate amount in Row (11) excludes
certain shares (see instructions).
- ------------------------------------------------------------ -------------------
(13) Percent of class represented by amount in Row (11)... 1.2%
- ------------------------------------------------------------ -------------------
(14) Type of reporting person (see instructions).......... IN
- ------------------------------------------------------------ -------------------
Page 5 of 31
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
- ------------------------------------------------------------ -------------------
(1) Names of reporting persons............................ ROBERT H. PAYMAR
I.R.S. Identification Nos. of above persons
(entities only)...........................................
- ------------------------------------------------------------ -------------------
(2) Check the appropriate box if a member of a group (see (a) X
instructions)
- ------------------------------------------------------------ -------------------
(b)
- ------------------------------------------------------------ -------------------
(3) SEC use only..........................................
- ------------------------------------------------------------ -------------------
(4) Source of funds (see instructions) PF
- ------------------------------------------------------------ -------------------
(5) Check if disclosure of legal proceedings is required
pursuant to Items 2(d) or 2(e).
- ------------------------------------------------------------ -------------------
(6) Citizenship or place of organization.................. USA
- ------------------------------------------------------------ -------------------
Number of shares beneficially owned by each reporting
person with:
(7) Sole voting power................................ 100,000
(8) Shared voting power.............................. 400,000
(9) Sole dispositive power........................... 100,000
(10) Shared dispositive power........................ 400,000
- ------------------------------------------------------------ -------------------
(11) Aggregate amount beneficially owned by each reporting 500,000
person.
- ------------------------------------------------------------ -------------------
(12) Check if the aggregate amount in Row (11) excludes
certain shares (see instructions).
- ------------------------------------------------------------ -------------------
(13) Percent of class represented by amount in Row (11)... 1.4%
- ------------------------------------------------------------ -------------------
(14) Type of reporting person (see instructions).......... IN
- ------------------------------------------------------------ -------------------
Page 6 of 31
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
- ------------------------------------------------------------ -------------------
(1) Names of reporting persons............................ STANLEY I. BARENBAUM
I.R.S. Identification Nos. of above persons
(entities only)...........................................
- ------------------------------------------------------------ -------------------
(2) Check the appropriate box if a member of a group (see (a) X
instructions)
- ------------------------------------------------------------ -------------------
(b)
- ------------------------------------------------------------ -------------------
(3) SEC use only..........................................
- ------------------------------------------------------------ -------------------
(4) Source of funds (see instructions) PF
- ------------------------------------------------------------ -------------------
(5) Check if disclosure of legal proceedings is required
pursuant to Items 2(d) or 2(e).
- ------------------------------------------------------------ -------------------
(6) Citizenship or place of organization.................. USA
- ------------------------------------------------------------ -------------------
Number of shares beneficially owned by each reporting
person with:
(7) Sole voting power................................ 50,000
(8) Shared voting power.............................. 400,000
(9) Sole dispositive power........................... 50,000
(10) Shared dispositive power........................ 400,000
- ------------------------------------------------------------ -------------------
(11) Aggregate amount beneficially owned by each reporting 450,000
person.
- ------------------------------------------------------------ -------------------
(12) Check if the aggregate amount in Row (11) excludes
certain shares (see instructions).
- ------------------------------------------------------------ -------------------
(13) Percent of class represented by amount in Row (11)... 1.2%
- ------------------------------------------------------------ -------------------
(14) Type of reporting person (see instructions).......... IN
- ------------------------------------------------------------ -------------------
Page 7 of 31
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
- ------------------------------------------------------------ -------------------
(1) Names of reporting persons............................ JAMES A. POTTER
I.R.S. Identification Nos. of above persons
(entities only)...........................................
- ------------------------------------------------------------ -------------------
(2) Check the appropriate box if a member of a group (see (a) X
instructions)
- ------------------------------------------------------------ -------------------
(b)
- ------------------------------------------------------------ -------------------
(3) SEC use only..........................................
- ------------------------------------------------------------ -------------------
(4) Source of funds (see instructions) PF
- ------------------------------------------------------------ -------------------
(5) Check if disclosure of legal proceedings is required
pursuant to Items 2(d) or 2(e).
- ------------------------------------------------------------ -------------------
(6) Citizenship or place of organization.................. USA
- ------------------------------------------------------------ -------------------
Number of shares beneficially owned by each reporting
person with:
(7) Sole voting power................................ 40,000
(8) Shared voting power.............................. -0-
(9) Sole dispositive power........................... 40,000
(10) Shared dispositive power........................ -0-
- ------------------------------------------------------------ -------------------
(11) Aggregate amount beneficially owned by each reporting 40,000
person.
- ------------------------------------------------------------ -------------------
(12) Check if the aggregate amount in Row (11) excludes
certain shares (see instructions).
- ------------------------------------------------------------ -------------------
(13) Percent of class represented by amount in Row (11)... 0.1%
- ------------------------------------------------------------ -------------------
(14) Type of reporting person (see instructions).......... IN
- ------------------------------------------------------------ -------------------
Page 8 of 31
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
- ------------------------------------------------------------ -------------------
(1) Names of reporting persons........................... SUMMIT CAPITAL
I.R.S. Identification Nos. of above persons APPRECIATION
(entities only)........................................... FUND LP
41-1822728
- ------------------------------------------------------------ -------------------
(2) Check the appropriate box if a member of a group (see (a) X
instructions)
- ------------------------------------------------------------ -------------------
(b)
- ------------------------------------------------------------ -------------------
(3) SEC use only..........................................
- ------------------------------------------------------------ -------------------
(4) Source of funds (see instructions) WC
- ------------------------------------------------------------ -------------------
(5) Check if disclosure of legal proceedings is required
pursuant to Items 2(d) or 2(e).
- ------------------------------------------------------------ -------------------
(6) Citizenship or place of organization.................. MINNESOTA
- ------------------------------------------------------------ -------------------
Number of shares beneficially owned by each reporting
person with:
(7) Sole voting power................................ 400,000
(8) Shared voting power.............................. -0-
(9) Sole dispositive power........................... 400,000
(10) Shared dispositive power........................ -0-
- ------------------------------------------------------------ -------------------
(11) Aggregate amount beneficially owned by each reporting 400,000
person.
- ------------------------------------------------------------ -------------------
(12) Check if the aggregate amount in Row (11) excludes
certain shares (see instructions).
- ------------------------------------------------------------ -------------------
(13) Percent of class represented by amount in Row (11)... 1.1%
- ------------------------------------------------------------ -------------------
(14) Type of reporting person (see instructions).......... PN
- ------------------------------------------------------------ -------------------
Page 9 of 31
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
- ------------------------------------------------------------ -------------------
(1) Names of reporting persons...........................
I.R.S. Identification Nos. of above persons CURTIS L. CARLSON
(entities only).......................................... FOUNDATION
41-6028973
- ------------------------------------------------------------ -------------------
(2) Check the appropriate box if a member of a group (see (a) X
instructions)
- ------------------------------------------------------------ -------------------
(b)
- ------------------------------------------------------------ -------------------
(3) SEC use only..........................................
- ------------------------------------------------------------ -------------------
(4) Source of funds (see instructions) WC
- ------------------------------------------------------------ -------------------
(5) Check if disclosure of legal proceedings is required
pursuant to Items 2(d) or 2(e).
- ------------------------------------------------------------ -------------------
(6) Citizenship or place of organization.................. MINNESOTA
- ------------------------------------------------------------ -------------------
Number of shares beneficially owned by each reporting
person with:
(7) Sole voting power................................ 125,000
(8) Shared voting power.............................. -0-
(9) Sole dispositive power........................... 125,000
(10) Shared dispositive power........................ -0-
- ------------------------------------------------------------ -------------------
(11) Aggregate amount beneficially owned by each reporting 125,000
person.
- ------------------------------------------------------------ -------------------
(12) Check if the aggregate amount in Row (11) excludes
certain shares (see instructions).
- ------------------------------------------------------------ -------------------
(13) Percent of class represented by amount in Row (11)... 0.3%
- ------------------------------------------------------------ -------------------
(14) Type of reporting person (see instructions).......... OO
- ------------------------------------------------------------ -------------------
Page 10 of 31
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
- ------------------------------------------------------------ -------------------
(1) Names of reporting persons............................ NAFCO INSURANCE
I.R.S. Identification Nos. of above persons COMPANY LTD.
(entities only)........................................... OF BERMUDA
41-1692396
- ------------------------------------------------------------ -------------------
(2) Check the appropriate box if a member of a group (see (a) X
instructions)
- ------------------------------------------------------------ -------------------
(b)
- ------------------------------------------------------------ -------------------
(3) SEC use only..........................................
- ------------------------------------------------------------ -------------------
(4) Source of funds (see instructions) WC
- ------------------------------------------------------------ -------------------
(5) Check if disclosure of legal proceedings is required
pursuant to Items 2(d) or 2(e).
- ------------------------------------------------------------ -------------------
(6) Citizenship or place of organization.................. BERMUDA
- ------------------------------------------------------------ -------------------
Number of shares beneficially owned by each reporting
person with:
(7) Sole voting power................................ 125,000
(8) Shared voting power.............................. -0-
(9) Sole dispositive power........................... 125,000
(10) Shared dispositive power........................ -0-
- ------------------------------------------------------------ -------------------
(11) Aggregate amount beneficially owned by each reporting 125,000
person.
- ------------------------------------------------------------ -------------------
(12) Check if the aggregate amount in Row (11) excludes
certain shares (see instructions).
- ------------------------------------------------------------ -------------------
(13) Percent of class represented by amount in Row (11)... 0.3%
- ------------------------------------------------------------ -------------------
(14) Type of reporting person (see instructions).......... IC
- ------------------------------------------------------------ -------------------
Page 11 of 31
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
- ------------------------------------------------------------ -------------------
(1) Names of reporting persons............................
I.R.S. Identification Nos. of above persons REVOCABLE TRUST OF
(entities only)........................................... GLEN D. NELSON
- ------------------------------------------------------------ -------------------
(2) Check the appropriate box if a member of a group (see (a) X
instructions)
- ------------------------------------------------------------ -------------------
(b)
- ------------------------------------------------------------ -------------------
(3) SEC use only..........................................
- ------------------------------------------------------------ -------------------
(4) Source of funds (see instructions) WC
- ------------------------------------------------------------ -------------------
(5) Check if disclosure of legal proceedings is required
pursuant to Items 2(d) or 2(e).
- ------------------------------------------------------------ -------------------
(6) Citizenship or place of organization.................. MINNESOTA
- ------------------------------------------------------------ -------------------
Number of shares beneficially owned by each reporting
person with:
(7) Sole voting power................................ 100,000
(8) Shared voting power.............................. -0-
(9) Sole dispositive power........................... 100,000
(10) Shared dispositive power........................ -0-
- ------------------------------------------------------------ -------------------
(11) Aggregate amount beneficially owned by each reporting 100,000
person.
- ------------------------------------------------------------ -------------------
(12) Check if the aggregate amount in Row (11) excludes
certain shares (see instructions).
- ------------------------------------------------------------ -------------------
(13) Percent of class represented by amount in Row (11)... 0.3%
- ------------------------------------------------------------ -------------------
(14) Type of reporting person (see instructions).......... OO
- ------------------------------------------------------------ -------------------
Page 12 of 31
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
- ------------------------------------------------------------ -------------------
(1) Names of reporting persons............................
I.R.S. Identification Nos. of above persons CURTIS L. CARLSON
(entities only)........................................... OCTAGON TRUST
- ------------------------------------------------------------ -------------------
(2) Check the appropriate box if a member of a group (see (a) X
instructions)
- ------------------------------------------------------------ -------------------
(b)
- ------------------------------------------------------------ -------------------
(3) SEC use only..........................................
- ------------------------------------------------------------ -------------------
(4) Source of funds (see instructions) WC
- ------------------------------------------------------------ -------------------
(5) Check if disclosure of legal proceedings is required
pursuant to Items 2(d) or 2(e).
- ------------------------------------------------------------ -------------------
(6) Citizenship or place of organization.................. MINNESOTA
- ------------------------------------------------------------ -------------------
Number of shares beneficially owned by each reporting
person with:
(7) Sole voting power................................ 120,000
(8) Shared voting power.............................. -0-
(9) Sole dispositive power........................... 120,000
(10) Shared dispositive power........................ -0-
- ------------------------------------------------------------ -------------------
(11) Aggregate amount beneficially owned by each reporting 120,000
person.
- ------------------------------------------------------------ -------------------
(12) Check if the aggregate amount in Row (11) excludes certain shares (see
instructions).
- ------------------------------------------------------------ -------------------
(13) Percent of class represented by amount in Row (11)... 0.3%
- ------------------------------------------------------------ -------------------
(14) Type of reporting person (see instructions).......... OO
- ------------------------------------------------------------ -------------------
Page 13 of 31
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
- ------------------------------------------------------------ -------------------
(1) Names of reporting persons............................ SCOTT C. GAGE
I.R.S. Identification Nos. of above persons
(entities only)...........................................
- ------------------------------------------------------------ -------------------
(2) Check the appropriate box if a member of a group (see (a) X
instructions)
- ------------------------------------------------------------ -------------------
(b)
- ------------------------------------------------------------ -------------------
(3) SEC use only..........................................
- ------------------------------------------------------------ -------------------
(4) Source of funds (see instructions) PF
- ------------------------------------------------------------ -------------------
(5) Check if disclosure of legal proceedings is required
pursuant to Items 2(d) or 2(e).
- ------------------------------------------------------------ -------------------
(6) Citizenship or place of organization.................. USA
- ------------------------------------------------------------ -------------------
Number of shares beneficially owned by each reporting
person with:
(7) Sole voting power................................ 30,000
(8) Shared voting power.............................. -0-
(9) Sole dispositive power........................... 30,000
(10) Shared dispositive power........................ -0-
- ------------------------------------------------------------ -------------------
(11) Aggregate amount beneficially owned by each reporting 30,000
person.
- ------------------------------------------------------------ -------------------
(12) Check if the aggregate amount in Row (11) excludes
certain shares (see instructions).
- ------------------------------------------------------------ -------------------
(13) Percent of class represented by amount in Row (11)... 0.1%
- ------------------------------------------------------------ -------------------
(14) Type of reporting person (see instructions).......... IN
- ------------------------------------------------------------ -------------------
Page 14 of 31
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
- ------------------------------------------------------------ -------------------
(1) Names of reporting persons............................ RICHARD C. GAGE
I.R.S. Identification Nos. of above persons
(entities only)...........................................
- ------------------------------------------------------------ -------------------
(2) Check the appropriate box if a member of a group (see (a) X
instructions)
- ------------------------------------------------------------ -------------------
(b)
- ------------------------------------------------------------ -------------------
(3) SEC use only..........................................
- ------------------------------------------------------------ -------------------
(4) Source of funds (see instructions) PF
- ------------------------------------------------------------ -------------------
(5) Check if disclosure of legal proceedings is required
pursuant to Items 2(d) or 2(e).
- ------------------------------------------------------------ -------------------
(6) Citizenship or place of organization.................. USA
- ------------------------------------------------------------ -------------------
Number of shares beneficially owned by each reporting
person with:
(7) Sole voting power................................ 20,000
(8) Shared voting power.............................. -0-
(9) Sole dispositive power........................... 20,000
(10) Shared dispositive power........................ -0-
- ------------------------------------------------------------ -------------------
(11) Aggregate amount beneficially owned by each reporting 20,000
person.
- ------------------------------------------------------------ -------------------
(12) Check if the aggregate amount in Row (11) excludes
certain shares (see instructions).
- ------------------------------------------------------------ -------------------
(13) Percent of class represented by amount in Row (11)... 0.1%
- ------------------------------------------------------------ -------------------
(14) Type of reporting person (see instructions).......... IN
- ------------------------------------------------------------ -------------------
Page 15 of 31
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
- ------------------------------------------------------------ -------------------
(1) Names of reporting persons............................ DIANA NELSON
I.R.S. Identification Nos. of above persons
(entities only)...........................................
- ------------------------------------------------------------ -------------------
(2) Check the appropriate box if a member of a group (see (a) X
instructions)
- ------------------------------------------------------------ -------------------
(b)
- ------------------------------------------------------------ -------------------
(3) SEC use only..........................................
- ------------------------------------------------------------ -------------------
(4) Source of funds (see instructions) PF
- ------------------------------------------------------------ -------------------
(5) Check if disclosure of legal proceedings is required
pursuant to Items 2(d) or 2(e).
- ------------------------------------------------------------ -------------------
(6) Citizenship or place of organization.................. USA
- ------------------------------------------------------------ -------------------
Number of shares beneficially owned by each reporting
person with:
(7) Sole voting power................................ 10,000
(8) Shared voting power.............................. -0-
(9) Sole dispositive power........................... 10,000
(10) Shared dispositive power........................ -0-
- ------------------------------------------------------------ -------------------
(11) Aggregate amount beneficially owned by each reporting 10,000
person.
- ------------------------------------------------------------ -------------------
(12) Check if the aggregate amount in Row (11) excludes
certain shares (see instructions).
- ------------------------------------------------------------ -------------------
(13) Percent of class represented by amount in Row (11)... >0.1%
- ------------------------------------------------------------ -------------------
(14) Type of reporting person (see instructions).......... IN
- ------------------------------------------------------------ -------------------
Page 16 of 31
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
- ------------------------------------------------------------ -------------------
(1) Names of reporting persons............................ GEOFFREY C. GAGE
I.R.S. Identification Nos. of above persons
(entities only)...........................................
- ------------------------------------------------------------ -------------------
(2) Check the appropriate box if a member of a group (see (a) X
instructions)
- ------------------------------------------------------------ -------------------
(b)
- ------------------------------------------------------------ -------------------
(3) SEC use only..........................................
- ------------------------------------------------------------ -------------------
(4) Source of funds (see instructions) PF
- ------------------------------------------------------------ -------------------
(5) Check if disclosure of legal proceedings is required
pursuant to Items 2(d) or 2(e).
- ------------------------------------------------------------ -------------------
(6) Citizenship or place of organization.................. USA
- ------------------------------------------------------------ -------------------
Number of shares beneficially owned by each reporting
person with:
(7) Sole voting power................................ 10,000
(8) Shared voting power.............................. -0-
(9) Sole dispositive power........................... 10,000
(10) Shared dispositive power........................ -0-
- ------------------------------------------------------------ -------------------
(11) Aggregate amount beneficially owned by each reporting 10,000
person.
- ------------------------------------------------------------ -------------------
(12) Check if the aggregate amount in Row (11) excludes
certain shares (see instructions).
- ------------------------------------------------------------ -------------------
(13) Percent of class represented by amount in Row (11)... >0.1%
- ------------------------------------------------------------ -------------------
(14) Type of reporting person (see instructions).......... IN
- ------------------------------------------------------------ -------------------
Page 17 of 31
<PAGE>
ITEM 1. SECURITY AND ISSUER
This statement relates to the voting Common Units of Borden Chemicals
and Plastics Limited Partnership (the "Issuer"), a Delaware limited partnership,
having its principal place of business at Highway 73, Geismar, Louisiana 70734.
ITEM 2. IDENTITY AND BACKGROUND
This statement is filed jointly by the individuals and entity
identified below (collectively the "Holders"):
1. Marc H. Kozberg
Dougherty Summit Securities LLC
90 South Seventh Street, Suite 4000
Minneapolis, MN 55402
Mr. Kozberg is an investor and is employed by Dougherty Summit
Securities LLC
2. Bruce E. Hendry
Dougherty Summit Securities LLC
90 South Seventh Street, Suite 4000
Minneapolis, MN 55402
Mr. Hendry is an investor and is employed by Dougherty Summit
Securities LLC
3. James A. Potter
Dougherty Summit Securities LLC
90 South Seventh Street, Suite 4000
Minneapolis, MN 55402
Mr. Potter is an investor and is employed by Dougherty Summit
Securities LLC
4. Dr. Demetre Nicoloff
920 East 28th Street
Minneapolis, MN 55407
Dr. Nicoloff is a physician with an office at the above address.
5. G. James Spinner
Dougherty Summit Securities LLC
90 South Seventh Street, Suite 4000
Minneapolis, MN 55402
Mr. Spinner is an investor and is employed by Dougherty Summit
Securities LLC
Page 18 of 31
<PAGE>
6. Robert H. Paymar
Dougherty Summit Securities LLC
90 South Seventh Street, Suite 4000
Minneapolis, MN 55402
Mr. Paymar is an investor and is employed by Dougherty Summit
Securities LLC
7. Stanley I. Barenbaum c/o Dougherty Summit Securities LLC 90 South
Seventh Street, Suite 4000 Minneapolis, MN 55402
Mr. Barenbaum is an investor and is self employed
8. Summit Capital Appreciation Fund LP
Dougherty Summit Securities LLC
90 South Seventh Street, Suite 4000
Minneapolis, MN 55402
Summit Capital Fund Appreciation Fund LP is a limited partnership
organized in Minnesota. SCA Management Partners L.L.P., a Minnesota
limited liability partnership, is the general partner of Summit Capital
Appreciation Fund LP. Messrs. Kozberg, Nicoloff, Spinner, Paymar, and
Barenbaum are the partners of SCA Management Partners L.L.P.
9. Curtis L. Carlson Foundation
701 Carlson Parkway
Minneapolis, MN 55459-8215
Curtis L. Carlson Foundation is a foundation organized under the laws
of the State of Minnesota.
10. NAFCO Insurance Company Ltd. of Bermuda
701 Carlson Parkway
Minneapolis, MN 55459-8215
NAFCO Insurance Company Ltd. of Bermuda is a corporation organized
under the laws of Bermuda.
11. Revocable Trust of Glen D. Nelson
701 Carlson Parkway
Minneapolis, MN 55459-8215
Revocable Trust of Glen D. Nelson is a trust organized under the laws
of the State of Minnesota.
12. Curtis L. Carlson Octagon Trust
701 Carlson Parkway
Minneapolis, MN 55459-8215
Curtis L. Carlson Octagon Trust is a trust organized under the laws of
the State of Minnesota.
Page 19 of 31
<PAGE>
13. Scott C. Gage
701 Carlson Parkway
Minneapolis, MN 55459-8215
Mr. Gage is an investor and is employed by Gage Marketing Group
14. Richard C. Gage
701 Carlson Parkway
Minneapolis, MN 55459-8215
Mr. Gage is an investor and small business owner
15. Diana Nelson
701 Carlson Parkway
Minneapolis, MN 55459-8215
Ms. Nelson is an investor
16. Geoffrey C. Gage
701 Carlson Parkway
Minneapolis, MN 55459-8215
Mr. Gage is an investor and is employed by Gage Marketing Group
None of the above-referenced Holders has, during the past five years,
been convicted in a criminal proceeding, excluding traffic violations or similar
misdemeanors, nor have any of the Holders been a party to a civil proceeding of
a judicial or administrative body of competent jurisdiction where, as a result
of such proceeding, any of the Holders became subject to a judgment, decree, or
final order enjoining future violations of, or prohibiting or mandating
activities subject to federal or state securities laws or finding any violation
with respect to such laws.
Each individual Holder is a citizen of the United States. Summit
Capital Appreciation Fund LP is a limited partnership organized in Minnesota.
Curtis L. Carlson Foundation is a foundation organized under the laws of the
State of Minnesota. NAFCO Insurance Company Ltd. of Bermuda is a corporation
organized under the laws of Bermuda. Revocable Trust of Glen D. Nelson and
Curtis L. Carlson Octagon Trust are trusts organized under the laws of the State
of Minnesota.
Page 20 of 31
<PAGE>
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The Common Units of the Issuer were purchased by each Holder from
available cash resources or working capital.
ITEM 4. PURPOSE OF TRANSACTION.
See Item 3. The Holders have acquired the Common Units of the Issuer
for investment purposes. The Holders specifically reserve the right to purchase
additional or sell Common Units of the Issuer if they deem it in their best
interest, and to communicate with other Unit holders of the Issuer regarding
matters of common concern as Unit holders of the Issuer. The Holders do not have
any plans or proposals respecting extraordinary corporate transactions effecting
the Issuer, sale of its assets, changes in its management, capitalization,
dividend policy, business or corporate structure, charter or bylaws, or the
listing of the Issuer's securities or similar actions, but the Holders do intend
to explore opportunities to enhance Unit holder value. To that end, the Holders
intend to explore the retention of an investment banking firm to advise and
assist Holders in evaluating strategies for maximizing Unit holder value. Mr.
Kozberg and Mr. Hendry, intend to actively monitor management of the Issuer on
behalf of the Holders and to consult with management relating to enhancement of
Unit holder value.
Page 21 of 31
<PAGE>
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Information with respect to the aggregate number, and percentage, of
all outstanding Common Units beneficially owned as of November 25, 1998 by each
of the Holders is set forth below:
<TABLE>
<CAPTION>
PERCENTAGE OF
NAME NUMBER OF COMMON UNITS OUTSTANDING UNITS
---- ---------------------- -----------------
<S> <C> <C>
Marc H. Kozberg 450,000 * 1.2%
Bruce E. Hendry 1,091,300 3.0%
Dr. Demetre Nicoloff 550,000 * 1.5%
G. James Spinner 450,000 * 1.2%
Robert H. Paymar 500,000 * 1.4%
Stanley I. Barenbaum 450,000 * 1.2%
James A. Potter 40,000 0.1%
Summit Capital Appreciation
Fund LP 400,000 1.1%
Curtis L. Carlson Foundation 125,000 0.3%
NAFCO Insurance Company
Ltd. of Bermuda 125,000 0.3%
Revocable Trust of Glen D. Nelson 100,000 0.3%
Curtis L. Carlson Octagon Trust 120,000 0.3%
Scott C. Gage 30,000 0.1%
Richard C. Gage 20,000 0.1%
Diana Nelson 10,000 >0.1%
Geoffrey C. Gage 10,000 >0.1%
</TABLE>
* Includes 400,000 Common Units owned by Summit Capital Appreciation Fund LP.
The Holders' response to Items 7 through 13 of the cover pages of the
statement are incorporated herein by reference.
According to the Issuer's most current filing with the SEC, the Issuer
has 36,750,000 Common Units outstanding. The Holders, at the present time,
collectively own 2,471,300 Units of the Issuer's Common Units, constituting
approximately 6.7% of all of the outstanding voting Common Units.
Page 22 of 31
<PAGE>
Transactions by the Holders in Common Units of the Issuer since the
most recent filing of Schedule 13D are as follows:
<TABLE>
<CAPTION>
TYPE OF NUMBER OF PRICE/
NAME DATE TRANSACTION UNITS UNIT
<S> <C> <C> <C> <C>
Demetre Nicoloff 10/30/98 Buy 30,000 3.89
Marc H. Kozberg 11/02/98 Buy 35,000 4.25
Marc H. Kozberg 11/02/98 Sell 50,000 4.0625
Marc H. Kozberg 11/10/98 Buy 5,000 3.5625
Demetre Nicoloff 11/11/98 Buy 12,300 3.9375
Demetre Nicoloff 11/12/98 Buy 7,700 3.9375
CLC Family Foundation* 11/13/98 Buy 71,000 3.9591
NAFCO** 11/13/98 Buy 71,000 3.9591
CLC Family Foundation 11/16/98 Buy 40,000 4.293
NAFCO 11/16/98 Buy 40,000 4.293
Scott C. Gage 11/18/98 Buy 21,000 4.1875
GDN Revocable Trust*** 11/18/98 Buy 70,000 4.1875
NAFCO 11/18/98 Buy 14,000 4.1875
CLC Family Foundation 11/18/98 Buy 14,000 4.1875
CLC Octagon Trust**** 11/19/98 Buy 9,000 4.4375
Scott C.Gage 11/19/98 Buy 9,000 4.4375
GDN Revocable Trust 11/19/98 Buy 30,000 4.4375
Diana Nelson 11/19/98 Buy 10,000 4.4375
CLC Octagon Trust 11/20/98 Buy 52,000 4.4967
Geoffrey C. Gage 11/20/98 Buy 10,000 4.4967
Richard C. Gage 11/20/98 Buy 20,000 4.4967
CLC Octagon Trust 11/23/98 Buy 19,000 4.375
CLC Octagon Trust 11/24/98 Buy 20,000 4.1875
CLC Octagon Trust 11/24/98 Buy 20,000 4.3125
Marc H. Kozberg 11/25/98 Buy 10,000 3.9375
TOTAL (SELL) (50,000)
TOTAL (BUY) 640,000
-------
TOTAL (NET) 590,000
</TABLE>
* Curtis L. Carlson Family Foundation
** NAFCO Insurance Company Ltd. of Bermuda
*** Revocable Trust of Glen D. Nelson
**** Curtis L. Carlson Octagon Trust
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS, OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
None.
Page 23 of 31
<PAGE>
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit A -- Agreement as to joint filing pursuant to Regulation
Section 240.13d-1(f)(1)(iii).
Page 24 of 31
<PAGE>
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: November 27, 1998
/s/ Bruce E. Hendry
------------------------
Bruce E. Hendry
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: November 27, 1998
/s/ Marc H. Kozberg
------------------------
Marc H. Kozberg
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: November 27, 1998
/s/ Dr. Demetre Nicoloff
------------------------
Dr. Demetre Nicoloff
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: November 27, 1998
/s/ G. James Spinner
------------------------
G. James Spinner
Page 25 of 31
<PAGE>
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: November 27, 1998
/s/ Robert H. Paymar
------------------------
Robert H. Paymar
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: November 27, 1998
/s/ Stanley I. Barenbaum
------------------------
Stanley I. Barenbaum
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: November 27, 1998
/s/ James A. Potter
------------------------
James A. Potter
Page 26 of 31
<PAGE>
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: November 27, 1998
SUMMIT CAPITAL APPRECIATION
FUND LP
By: SCA Management Partners L.L.P.
By: /s/ Marc H. Kozberg
------------------------
Marc H. Kozberg, a partner
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: November 27, 1998
CURTIS L. CARLSON FOUNDATION
By: /s/ Donna Snyder
-------------------------------
Donna Snyder, Trustee
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: November 27, 1998
NAFCO INSURANCE COMPANY LTD.
OF BERMUDA
By: /s/ John Diracles
-------------------------------
John Diracles, Jr., President
Page 27 of 31
<PAGE>
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: November 27, 1998
REVOCABLE TRUST OF GLEN D.
NELSON
By: /s/ Glen D. Nelson
-------------------------------
Glen D. Nelson, Trustee
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: November 27, 1998
CURTIS L. CARLSON OCTAGON
TRUST
By: /s/ John Flottmeier
-------------------------------
John Flottmeier, Trustee
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: November 27, 1998
By: /s/ Scott C. Gage
-------------------------------
Scott C. Gage
Page 28 of 31
<PAGE>
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: November 27, 1998
By: /s/ Richard C. Gage
-------------------------------
Richard C. Gage
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: November 27, 1998
By: /s/ Diana Nelson
-------------------------------
Diana Nelson
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: November 27, 1998
By: /s/ Geoffrey C. Gage
-------------------------------
Geoffrey C. Gage
Page 29 of 31
<PAGE>
EXHIBIT A
AGREEMENT AS TO JOINT FILING
Pursuant to Regulation Section 240.13d-1(f)(1)(iii), the undersigned
acknowledge and agree that the attached Schedule 13D relating to Borden
Chemicals and Plastics Limited Partnership is being filed on behalf of each of
the undersigned.
/s/ Bruce E. Hendry
----------------------------------------
Bruce E. Hendry
/s/ Marc H. Kozberg
----------------------------------------
Marc H. Kozberg
/s/ Dr. Demetre Nicoloff
----------------------------------------
Dr. Demetre Nicoloff
/s/ G. James Spinner
----------------------------------------
G. James Spinner
/s/ Robert H. Paymar
----------------------------------------
Robert H. Paymar
/s/ Stanley I. Barenbaum
----------------------------------------
Stanley I. Barenbaum
/s/ James A. Potter
----------------------------------------
James A. Potter
SUMMIT CAPITAL APPRECIATION
FUND LP
By: SCA Management Partners L.L.P.
By: /s/ Marc H. Kozberg
----------------------------
Marc H. Kozberg, a partner
Page 30 of 31
<PAGE>
CURTIS L. CARLSON FOUNDATION
By: /s/ Donna Snyder
------------------------------------
Donna Snyder, Trustee
NAFCO INSURANCE COMPANY LTD.OF BERMUDA
By: /s/ John Diracles
------------------------------------
John Diracles, Jr., President
REVOCABLE TRUST OF GLEN D. NELSON
By: /s/ Glen D. Nelson
------------------------------------
Glen D. Nelson, Trustee
CURTIS L. CARLSON OCTAGON
TRUST
By: /s/ John Flottmeier
------------------------------------
John Flottmeier, Trustee
/s/ Scott C. Gage
----------------------------------------
Scott C. Gage
/s/ Richard C. Gage
----------------------------------------
Richard C. Gage
/s/ Diana Nelson
----------------------------------------
Diana Nelson
/s/ Geoffrey C. Gage
----------------------------------------
Geoffrey C. Gage
Page 31 of 31
