SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)
Spreckels Industries, Inc
(Name of Issuer)
Class A Common Stock, par value $0.01 per share
(Title of Class of Securities)
849416 20 1
(CUSIP Number)
Philip W. Knisely
American Enterprises, L.L.C
701 East Franklin Street
Richmond, Virginia 23219
(804) 649-8800
with a copy to
Morris J. Kramer
Skadden, Arps, Slate, Meagher & Flom
919 Third Avenue
New York, New York 10022
(212) 735-3000
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 3, 1996
(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: [ ]
SCHEDULE 13D
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1. NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
American Enterprises, L.L.C.
--------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
--------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------
4. SOURCE OF FUNDS OO
--------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
--------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 7. SOLE VOTING POWER 1,001,260
SHARES -----------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER none
OWNED BY EACH -----------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER 1,001,260
PERSON ----------------------------------------
WITH 10. SHARED DISPOSITIVE POWER none
--------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 1,001,260
--------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.4%
--------------------------------------------------------
14. TYPE OF REPORTING PERSON
OO
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SCHEDULE 13D
--------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mitchell P. Rales
--------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
--------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------
4. SOURCE OF FUNDS Not applicable
--------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
--------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER none
SHARES -----------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER 1,001,260
OWNED BY EACH -----------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER none
PERSON ----------------------------------------
WITH 10. SHARED DISPOSITIVE POWER 1,001,260
--------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 1,001,260
--------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.4%
--------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
--------------------------------------------------------
SCHEDULE 13D
--------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven M. Rales
--------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
--------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------
4. SOURCE OF FUNDS Not applicable
--------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
--------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER none
SHARES -----------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER 1,001,260
OWNED BY EACH -----------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER none
PERSON ----------------------------------------
WITH 10. SHARED DISPOSITIVE POWER 1,001,260
--------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 1,001,260
--------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.4%
--------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
--------------------------------------------------------
American Enterprises, L.L.C., a Delaware
limited liability company ("American Enterprises"),
Mitchell P. Rales and Steven M. Rales (collectively, the
"Reporting Persons") hereby amend and supplement their
Schedule 13D, as amended, relating to the shares of Class
A Common Stock, par value $0.01 per share, including the
associated common stock purchase rights (the "Shares"),
of Spreckels Industries, Inc. (the "Company").
Item 4. Purpose of Transaction.
Depending on its assessment of market and other
conditions, including its ability to sell Shares at
particular price levels, American Enterprises may hold
its Shares or may dispose of some or all of such Shares,
in the open market, in privately negotiated transactions,
to third parties or otherwise, and may sell such Shares
to one or more purchasers.
Item 5. Interest in Securities of the Issuer.
On September 3, 1996, American Enterprises sold
200,000 Shares at a price of $23-1/8 per Share, net of
commissions. This was the only transaction in the Shares
effected by the Reporting Persons since those reported in
the original Schedule 13D. Such sale was effected by
American Enterprises through the NASDAQ National Market.
As of the close of business on September 4,
1996, American Enterprises was the beneficial owner of
1,001,260 Shares, representing approximately 16.4% of the
6,090,941 Shares outstanding on August 23, 1996, as
reported in an exhibit to the Company's Current Report on
Form 8-K dated August 26, 1996.
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: September 4, 1996
AMERICAN ENTERPRISES, L.L.C.
By: /s/ Philip W. Knisely
Philip W. Knisely
President
By: /s/ Mitchell P. Rales
Mitchell P. Rales
By: /s/ Steven M. Rales
Steven M. Rales
