UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Amendment No. 1
SPRECKELS INDUSTRIES, INC.
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(Name of Issuer)
Class A Common Stock, $0.01 Par Value
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(Title of Class of Securities)
849416-20-1
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(CUSIP Number)
Joseph F. Mazzella, Esq.
Lane Altman & Owens LLP
101 Federal Street
Boston, Massachusetts 02110
(617) 345-9800
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
August 28, 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 [ ].
Check the following box if a fee is being paid with the statement. (A fee is not
required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13-d(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).
SCHEDULE 13D
CUSIP No. 849416-20-1 Page 2 of 10 Pages
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person Lawrence E. Golub
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2 Check the Appropriate Box if a Member of a Group* (a) |_|
|_|
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3 SEC Use Only
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4 Source of Funds* PF
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5 Check Box if Disclosure of Legal Proceeding is Required Pursuant to Items
2(d) or 2(e) |_|
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6 Citizenship or Place of Organization United States
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Number of 7 Sole Voting Power 46,667
Shares ___________________________________________________________
Beneficially 8 Shared Voting Power
Owned by ___________________________________________________________
Each 9 Sole Dispositive Power 46,667
Reporting ___________________________________________________________
Person With 10 Shared Dispositive Power
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11 Aggregate Amount Beneficially Owned by Each Reporting Person 46,667
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12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
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13 Percent of Class Represented by Amount in Row (11) .8%
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14 Type of Reporting Person* IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
SCHEDULE 13D
CUSIP No. 849416-20-1 Page 3 of 10 Pages
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person Michael P. Fleischer
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2 Check the Appropriate Box if a Member of a Group* (a) |_|
|_|
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3 SEC Use Only
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4 Source of Funds* PF
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5 Check Box if Disclosure of Legal Proceeding is Required Pursuant to Items
2(d) or 2(e) |_|
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6 Citizenship or Place of Organization United States
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Number of 7 Sole Voting Power 0
Shares ___________________________________________________________
Beneficially 8 Shared Voting Power
Owned by ___________________________________________________________
Each 9 Sole Dispositive Power 0
Reporting ___________________________________________________________
Person With 10 Shared Dispositive Power
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11 Aggregate Amount Beneficially Owned by Each Reporting Person 0
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12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
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13 Percent of Class Represented by Amount in Row (11) 0%
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14 Type of Reporting Person* IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
SCHEDULE 13D
CUSIP No. 849416-20-1 Page 4 of 10 Pages
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person Jonathan G. Guss
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2 Check the Appropriate Box if a Member of a Group* (a) |_|
|_|
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3 SEC Use Only
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4 Source of Funds* PF
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5 Check Box if Disclosure of Legal Proceeding is Required Pursuant to Items
2(d) or 2(e) |_|
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6 Citizenship or Place of Organization United States
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Number of 7 Sole Voting Power -0-
Shares ___________________________________________________________
Beneficially 8 Shared Voting Power
Owned by ___________________________________________________________
Each 9 Sole Dispositive Power -0-
Reporting ___________________________________________________________
Person With 10 Shared Dispositive Power
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11 Aggregate Amount Beneficially Owned by Each Reporting Person -0-
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12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
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13 Percent of Class Represented by Amount in Row (11) 0%
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14 Type of Reporting Person* IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
SCHEDULE 13D
CUSIP No. 849416-20-1 Page 5 of 10 Pages
------------- ----- -----
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person Joseph F. Mazzella
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2 Check the Appropriate Box if a Member of a Group* (a) |_|
|_|
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3 SEC Use Only
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4 Source of Funds* PF
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5 Check Box if Disclosure of Legal Proceeding is Required Pursuant to Items
2(d) or 2(e) |_|
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6 Citizenship or Place of Organization United States
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Number of 7 Sole Voting Power -0-
Shares ___________________________________________________________
Beneficially 8 Shared Voting Power
Owned by ___________________________________________________________
Each 9 Sole Dispositive Power -0-
Reporting ___________________________________________________________
Person With 10 Shared Dispositive Power
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person -0-
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12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* |X|
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 0%
- --------------------------------------------------------------------------------
14 Type of Reporting Person* IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
CUSIP NO. 849416-20-1 Page 6 of 10
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The information set forth below amends the information set forth in the
Schedule 13D filed by the Reporting Persons on July 19, 1996. Any terms not
defined herein shall have the meaning set forth in such filing.
Item 4. Purpose of the Transaction
In July 1996, the Reporting Persons each agreed with Bedford Falls
Investors, L.P., a Delaware limited partnership ("Bedford LP"), currently the
beneficial owner of approximately 7.2% of Common Stock, to serve as nominees for
election as directors of the Issuer with the stated intent of causing the Issuer
to take steps to maximize shareholder value. By letter dated July 11, 1996,
Bedford Falls Investors, L.P. gave notice to the Issuer of its intention to
nominate the Reporting Persons for election at the Issuer's next stockholders
meeting.
On July 19, 1996, American Enterprises Acquisition Corp., a Delaware
corporation, commenced a cash tender offer to purchase all outstanding shares of
Common stock of the Issuer for a price of $16.50 per share. On August 26, 1996,
the Issuer announced that it had entered into a definitive agreement with
Columbus McKinnon Corp. pursuant to which Columbus McKinnon Corp. would acquire
all Common Stock of the Company for a cash price of $24 per share, and would
commence a tender offer for Company Common Stock at such price.
On August 28, 1996, Bedford Falls Investors, L.P. gave notice to the
Issuer that it was withdrawing the nominations described above. The Reporting
Persons have each agreed to such withdrawal and do not have any current
intention to solicit proxies for the election of the Reporting Persons, or to
resubmit their nominations. The Reporting Persons have no other proposal or
agreement regarding the Issuer that would be reportable under this Item 4.
Item 5. Interest in Securities of the Issuer
At the date hereof, no Common Stock was beneficially owned by the
Reporting Persons, and no transactions occurred in the last 60 days, except as
described below.
An individual retirement account of which Mr. Lawrence E. Golub is
beneficiary, is the owner of currently exercisable Warrants to purchase 46,667
shares of Common Stock.
On August 26, 1996, Michael P. Fleischer sold 5,750 shares of Common
Stock for a price of $23.62 per share. Such shares had been purchased on July
11, 1996, for a price of $15.50 per share.
On August 26, 1996, Jonathan G. Guss sold 5,750 shares of Common Stock
for a price of $23.62 per share. Such shares had been purchased on July 11,
1996, for a price of $15.50 per share.
On August 26, 1996, Joseph F. Mazzella sold 1,500 shares of Common
Stock for a price of $23.62 per share. Such shares had been purchased on July
11, 1996, for a price of $15.75 per share.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to the Securities of the Issuer.
The Reporting Persons have agreed to the withdrawal of their names as
candidates for election to the Issuer's Board of Directors. No other
arrangements regarding guarantees of profits, options or similar understandings
have been entered into or exist between the Reporting Persons and any other
person..
CUSIP NO. 849416-20-1 Page 7 of 10
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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.
This statement may be executed in any number of counterparts, each of which
shall be deemed an original and all of which shall constitute one (1)
instrument.
/s/ Lawrence E. Golub
---------------------------------
Lawrence E. Golub, Individually
August 30, 1996
Each of the Reporting Persons is certifying as true, complete and correct only
such information as is set forth herein as is applicable to such Reporting
Person.
CUSIP NO. 849416-20-1 Page 8 of 10
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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.
This statement may be executed in any number of counterparts, each of which
shall be deemed an original and all of which shall constitute one (1)
instrument.
/s/ Michael P. Fleischer
------------------------------------
Michael P. Fleischer, Individually
August 30, 1996
Each of the Reporting Persons is certifying as true, complete and correct only
such information as is set forth herein as is applicable to such Reporting
Person.
CUSIP NO. 849416-20-1 Page 9 of 10
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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.
This statement may be executed in any number of counterparts, each of which
shall be deemed an original and all of which shall constitute one (1)
instrument.
/s/ Jonathan G. Guss
-------------------------------
Jonathan G. Guss, Individually
August 30, 1996
Each of the Reporting Persons is certifying as true, complete and correct only
such information as is set forth herein as is applicable to such Reporting
Person.
CUSIP NO. 849416-20-1 Page 10 of 10
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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.
This statement may be executed in any number of counterparts, each of which
shall be deemed an original and all of which shall constitute one (1)
instrument.
/s/ Joseph F. Mazzella
---------------------------------
Joseph F. Mazzella, Individually
August 30, 1996
Each of the Reporting Persons is certifying as true, complete and correct only
such information as is set forth herein as is applicable to such Reporting
Person.
