<PAGE>
OMB APPROVAL
------------
OMB NUMBER: 3235-0145
EXPIRES: DECEMBER 31, 1997
ESTIMATED AVERAGE BURDEN
HOURS PER RESPONSE........14.90
-------------------------------
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.
(Name of Issuer)
CLASS A COMMON STOCK, PAR VALUE $.01 PER SHARE
(Title of class of securities)
849416 20 1
(CUSIP number)
PHILLIP S. SCHAEFFER, SENIOR VICE PRESIDENT
ROBERT FLEMING INC.
320 PARK AVENUE, 11TH AND 12TH FLOORS,
NEW YORK, N.Y. 10022-6815, (212) 508-3600
(Name, address and telephone number of person authorized
to receive notices and communications)
AUGUST 26, 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.|_| (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.)
<PAGE>
SCHEDULE 13D
CUSIP No. 849416 20 1 Page 2 of 19 Pages
------------ ----- -----
- ------------------------------- ----------------- ---------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert Fleming Inc.
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) | |
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, WC, OO
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) | |
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
- ------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -*
OWNED BY EACH ---------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
- 0 -*
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -*
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -*
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 0 -*
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
| |
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%*
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA
- ------------------------------------------------------------------------------
*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.
- ------------------------
* See Item 5.
<PAGE>
SCHEDULE 13D
CUSIP No. 849416 20 1 Page 3 of 19 Pages
------------ ----- -----
- ------------------------------- ----------------- ---------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Phillip S. Schaeffer
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) | |
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) | |
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
- ------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -*
OWNED BY EACH ---------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
- 0 -*
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -*
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -*
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 0 -*
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
| |
- ------------------------------------------------------------------------------
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.
- ------------------------
* See Item 5.
<PAGE>
SCHEDULE 13D
CUSIP No. 849416 20 1 Page 4 of 19 Pages
------------ ----- -----
- ------------------------------- ----------------- ---------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Michael E. Rowe
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) | |
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) | |
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
- ------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -*
OWNED BY EACH ---------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
- 0 -*
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -*
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -*
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 0 -*
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
| |
- ------------------------------------------------------------------------------
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.
- ------------------------
* See Item 5.
<PAGE>
SCHEDULE 13D
CUSIP No. 849416 20 1 Page 5 of 19 Pages
------------ ----- -----
- ------------------------------- ----------------- ---------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sara H. Schaeffer
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) | |
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) | |
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
- ------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -*
OWNED BY EACH ---------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
- 0 -*
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -*
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -*
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 0 -*
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
| |
- ------------------------------------------------------------------------------
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.
- ------------------------
* See Item 5.
<PAGE>
SCHEDULE 13D
CUSIP No. 849416 20 1 Page 6 of 19 Pages
------------ ----- -----
- ------------------------------- ----------------- ---------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Louis P. and Marilyn J. Schaeffer
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) | |
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) | |
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
- ------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -*
OWNED BY EACH ---------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
- 0 -*
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -*
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -*
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 0 -*
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
| |
- ------------------------------------------------------------------------------
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.
- ------------------------
* See Item 5.
<PAGE>
SCHEDULE 13D
CUSIP No. 849416 20 1 Page 7 of 19 Pages
------------ ----- -----
- ------------------------------- ----------------- ---------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Frank E. Rowe, Jr.
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X|
(b) | |
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) | |
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
- ------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -*
OWNED BY EACH ---------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
- 0 -*
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -*
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -*
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 0 -*
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
| |
- ------------------------------------------------------------------------------
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.
- ------------------------
* See Item 5.
<PAGE>
SCHEDULE 13D
CUSIP No. 849416 20 1 Page 8 of 19 Pages
------------ ----- -----
- ------------------------------- ----------------- ---------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Portfolio Press
- ------------------------------------------------------------------------------
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 CITIZENSHIP OR PLACE OR ORGANIZATION
New York
- ------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -*
OWNED BY EACH ---------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
- 0 -*
---------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -*
---------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -*
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 0 -*
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
| |
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%*
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- ------------------------------------------------------------------------------
*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.
- ------------------------
* See Item 5.
<PAGE>
This Amendment No.1 (the "Amendment") to the statement on
Schedule 13D, dated January 12, 1995 (the "Schedule 13D"), relates to the
Class A Common Stock, par value $.01 per share ("Class A Common Stock"), of
Spreckels Industries, Inc. (the "Company"), a Delaware corporation with its
principal executive office at One Morrocroft Centre, Suite 450, 6805 Morrison
Boulevard, Charlotte NC 28211, and amends the Schedule 13D as set forth herein.
Capitalized terms used herein have the meanings ascribed to such terms in the
Schedule 13D. In accordance with Rule 13d-2(c) under the Securities Exchange Act
of 1934, as amended, the Schedule 13D (other than the exhibits thereto, which
are not required to be so restated) has been restated in electronic format
and separately resubmitted.
ITEM 2. IDENTITY & BACKGROUND
The principal business address of Reporting Persons RFI,
Phillip Schaeffer and Michael Rowe, previously located at 1285 Avenue of the
Americas, New York, New York 10019, is 320 Park Avenue, 11th and 12th Floor,
New York, New York 10022-6815. David Clapham, James Rawlings and Linda
Renkwitz, previously identified in Exhibit 3 to the Schedule 13D as Director,
SVP International Sales; Managing Director, Corporate Finance; and Senior Vice
President, respectively, of RFI, are no longer directors or executive officers
of RFI.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) As a result of the January 1995 purchases referenced in
Item 5(c), below, the aggregate number of RFI Managed Shares and RFI Direct
Shares increased from 468,548 to 508,548. Following the transactions referenced
in Items 5(c) and (e), below, none of the Reporting Persons beneficially owns
any of the outstanding shares of the Class A Common Stock.
(c) On January 18, 1995, RFI purchased in the open market
20,000 shares of Class A Common Stock for $9.875 per share, for aggregate
consideration of $197,500 (including brokerage commissions). On January 25,
1995, RFI purchased in the open market 20,000 shares of Class A Common Stock
for $9.125 per share, for aggregate consideration of $182,500 (including
brokerage commissions).
On August 26, 1996, RFI sold 508,548 shares of Class A
Common Stock (representing all of the RFI Managed Shares and all of the RFI
Direct Shares) at an average sales price of $23.67 per share, for aggregate
proceeds of $12,039,316 (including brokerage commissions). Such shares were
sold in the open market.
On August 27, 1996, Phillip Schaeffer disposed of all 22,615
shares of Class A Common Stock over which he had sole voting and dispositive
power. Of such total, 20,365 shares were sold at a price of $23.375 per share,
for aggregate proceeds of $476,032 (including brokerage commissions). Such
shares were sold in the open market. The remaining 2,250 shares of Class A
Common Stock were disposed of as a gift. No proceeds were realized upon such
disposition.
(e) As indicated above in Item 5(c), RFI sold all of the RFI
Managed Shares and the RFI Direct Shares on August 26, 1996 and Phillip
Schaeffer disposed of all of his shares of Class A Common Stock on August 27,
1996. As previously disclosed in the Schedule 13D, on January 10, 1995, all of
the Sara Schaeffer Shares, all of the Louis and Marilyn Schaeffer Shares, all
of the Michael Rowe Shares, all of the Frank Rowe Shares and all of the
Portfolio Shares were sold in the open market.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibits 1, 2 and 4 to the Schedule 13D are hereby
incorporated by reference as exhibits to the Amendment. Exhibit 3 to the
Schedule 13D has been amended and is restated electronically as Exhibit 3 to the
Amendment.
Page 9 of 19
<PAGE>
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.*
Dated: August 29, 1996
ROBERT FLEMING INC.
By: /s/ Arthur A. Levy
----------------------
Name: Arthur A. Levy
Title: President
- --------
* Each of the undersigned Reporting Persons certifies only the information
stated herein regarding such Reporting Person.
Page 10 of 19
<PAGE>
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.*
Dated: August 29, 1996
By: /s/ Arthur A. Levy
----------------------
Phillip S. Schaeffer
By: Arthur A. Levy
Title: Attorney-in-fact
- --------
* Each of the undersigned Reporting Persons certifies only the information
stated herein regarding such Reporting Person.
Page 11 of 19
<PAGE>
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.*
Dated: August 29, 1996
By: /s/ Arthur A. Levy
----------------------
Michael E. Rowe
By: Arthur A. Levy
Title: Attorney-in-fact
- --------
* Each of the undersigned Reporting Persons certifies only the information
stated herein regarding such Reporting Person.
Page 12 of 19
<PAGE>
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.*
Dated: August 29, 1996
By: /s/ Arthur A. Levy
----------------------
Sara H. Schaeffer
By: Arthur A. Levy
Title: Attorney-in-fact
- --------
* Each of the undersigned Reporting Persons certifies only the information
stated herein regarding such Reporting Person.
Page 13 of 19
<PAGE>
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.*
Dated: August 29, 1996
By: /s/ Arthur A. Levy
----------------------
Louis P. Schaeffer
By: Arthur A. Levy
Title: Attorney-in-fact
- --------
* Each of the undersigned Reporting Persons certifies only the information
stated herein regarding such Reporting Person.
Page 14 of 19
<PAGE>
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.*
Dated: August 29, 1996
By: /s/ Arthur A. Levy
----------------------
Marilyn J. Schaeffer
By: Arthur A. Levy
Title: Attorney-in-fact
- --------
* Each of the undersigned Reporting Persons certifies only the information
stated herein regarding such Reporting Person.
Page 15 of 19
<PAGE>
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.*
Dated: August 29, 1996
By: /s/ Arthur A. Levy
----------------------
Frank E. Rowe, Jr.
By: Arthur A. Levy
Title: Attorney-in-fact
- --------
* Each of the undersigned Reporting Persons certifies only the information
stated herein regarding such Reporting Person.
Page 16 of 19
<PAGE>
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.*
Dated: August 29, 1996
PORTFOLIO PRESS
By: /s/ Arthur A. Levy
----------------------
Name: Arthur A. Levy
Title: Attorney-in-fact
- --------
* Each of the undersigned Reporting Persons certifies only the information
stated herein regarding such Reporting Person.
Page 17 of 19
<PAGE>
EXHIBIT 3
ROBERT FLEMING INC.
BOARD OF DIRECTORS
W. Lawrence Banks
Arthur Levy
Chikahiro Hsaid
Christopher Jones
Iain Saunders
Jonathon Simon
OFFICERS
NAME: W. Lawrence Banks
NATIONALITY: British
BUSINESS ADDRESS: Robert Fleming & Co.
25 Copthall Avenue
London EC2R-7DR, England
TITLE: Chairman
NAME: Arthur Levy
NATIONALITY: American
BUSINESS ADDRESS: Robert Fleming Inc.
320 Park Avenue, 11th and 12th Floors
New York, New York 10022
TITLE: President and Chief Executive Officer and Vice Chairman
NAME: Chikahiro Hsaid
NATIONALITY: Japanese
BUSINESS ADDRESS: Robert Fleming Inc.
320 Park Avenue, 11th and 12th Floors
New York, New York 10022
TITLE: Director, SVP International Trading
NAME: Christopher Jones
NATIONALITY: British
BUSINESS ADDRESS: Robert Fleming Inc.
320 Park Avenue, 11th and 12th Floors
New York, New York 10022
TITLE: Director and SVP
Page 18 of 19
<PAGE>
NAME: Iain Saunders
NATIONALITY: British
BUSINESS ADDRESS: Robert Fleming & Co.
25 Copthall Avenue
London EC2R-7DR, England
TITLE: Director of Robert Fleming Inc.
NAME: Jonathon Simon
NATIONALITY: British
BUSINESS ADDRESS: Robert Fleming Inc.
320 Park Avenue, 11th and 12th Floors
New York, New York 10022
TITLE: President, Fleming Capital Management
NAME: Andrea M. Whitmore
NATIONALITY: American
BUSINESS ADDRESS: Robert Fleming Inc.
320 Park Avenue, 11th and 12th Floors
New York, New York 10022
TITLE: Chief Financial Officer
Page 19 of 19
