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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 10)*
WESTPOINT STEVENS INC.
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(Name of Issuer)
Common Stock, $.01 Par Value
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(Title of Class of Securities)
919610 5
919630 3
------------------------------------
(CUSIP Number)
Holcombe T. Green, Jr., HTG Corp.,
3475 Piedmont Road, N.E., Suite 1600, Atlanta, Georgia 30305 (404) 261-1187
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
May 19, 2000
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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 that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box [ ].
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss. 240.13d-7 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).
(Continued on following pages)
(Page 1 of 10 Pages)
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SCHEDULE 13D
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CUSIP NO. 919610 5, 919630 3 PAGE 2 OF 10 PAGES
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
WPS Investors, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS) (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
NA
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Georgia
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7 SOLE VOTING POWER
0
----------------------------------------------------------
NUMBER OF
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 15,483,306
EACH ----------------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH
0
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
15,483,306
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,483,306
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[X]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
31.3%
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
14
PN
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SCHEDULE 13D
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CUSIP NO. 919610 5, 919630 3 PAGE 3 OF 10 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
HTG Corp.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Georgia
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7 SOLE VOTING POWER
0
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NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 16,283,639
OWNED BY ----------------------------------------------------------
EACH
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
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10 SHARED DISPOSITIVE POWER
16,283,639
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,283,639
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[X]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
32.9%
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
14
CO
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SCHEDULE 13D
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CUSIP NO. 919610 5, 919630 3 PAGE 4 OF 10 PAGES
---------------------- ------ ------
- ----------------------------------- ------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Holcombe T. Green, Jr.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS 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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7 SOLE VOTING POWER
1,700,186
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NUMBER OF
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 16,283,639
EACH -------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 1,700,186
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10 SHARED DISPOSITIVE POWER
16,516,139
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
18,216,325
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[X]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (SEE INSTRUCTIONS)
36.9%
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
14
IN
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AMENDMENT NO. 10
TO SCHEDULE 13-D
This Amendment No. 10 amends the indicated items of the statement on
Schedule 13D, as amended, relating to the Common Stock, $.01 par value
("Shares"), of WestPoint Stevens Inc., a Delaware corporation, filed on behalf
of WPS Investors, L.P. ("WPS"), a Georgia limited partnership; HTG Corp., a
Georgia corporation which is the sole general partner of WPS; and Holcombe T.
Green, Jr., the President and sole director and shareholder of HTG Corp., as
indicated below.
Item 2. Identity and Background
Item 2 is hereby restated as follows:
(a) This statement is filed on behalf of WPS; HTG Corp., which is
the sole general partner of WPS; and Holcombe T. Green, Jr., the sole director
and shareholder and President of HTG Corp. The only other officers of HTG Corp.
are Andrea Comeau-Shirley, Vice President and Treasurer, and Kristie W. McMahon,
Secretary. WPS, HTG Corp. and Mr. Green are collectively referred to herein as
the "reporting persons."
(b) The principal business address of each of WPS, HTG Corp., Ms.
Comeau-Shirley and Ms. McMahon is 3475 Piedmont Road, N.E, Suite 160, Atlanta,
Georgia 30305. Mr. Green's business address is 13th Floor, 1185 Avenue of the
Americas, New York, New York 10036.
(c) WPS is a limited partnership which has invested solely in
securities, including the Shares.
HTG Corp. is a corporation whose principal business is to serve as
general partner of WPS.
The principal occupation of Ms. Comeau-Shirley is to serve as Vice
President and Treasurer of HTG Corp., and the principal occupation of Ms.
McMahon is to serve as Secretary of HTG Corp.
The principal occupation of Mr.Green is serving as Chief Executive
Officer of the issuer.
(d) During the last five years, none of the reporting persons, Ms.
Comeau-Shirley or Ms. McMahon has been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors).
(e) During the last five years, none of the reporting persons, Ms.
Comeau-Shirley or Ms. McMahon was a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of which such
person was or is 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.
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(f) Mr. Green, Ms. Comeau-Shirley and Ms. McMahon are citizens of
the United States of America. WPS is a Georgia limited partnership, and HTG
Corp. is a Georgia corporation.
Item 4. Purpose of Transaction
Item 4 is hereby restated as follows:
The reporting persons originally acquired the Shares for investment
purposes and have continuously reviewed this investment based on an evaluation
of the issuer and its business and prospects.
On May 19, 2000, the board of directors of the issuer announced that it
had determined to terminate the Plan of Recapitalization (the "Recapitalization
Plan") announced on March 24, 2000.
Other than Shares which may be acquired by Mr. Green pursuant to
compensatory plans related to his employment by the issuer, the reporting
persons have no present intent to acquire additional Shares. The reporting
persons do intend to review continuously their investment in the Shares, and,
depending upon their evaluation of the issuer's business and prospects, the
reporting persons may determine to purchase additional Shares or to dispose of
all or a portion of the Shares held by such persons. In addition, WPS may
dispose of Shares either directly or by distribution to redeem the interests of
its limited partners.
Except as otherwise described in this Item 4, none of the reporting
persons nor Ms. Comeau-Shirley or Ms. McMahon has any plans or proposals which
relate to or would result in any matter required to be disclosed in response to
Item 4 of Schedule 13D.
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SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: May 19, 2000
/s/ HOLCOMBE T. GREEN, JR.
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Holcombe T. Green, Jr.,
signing in the capacities and on behalf of each of
the persons listed in Exhibit 1 hereto.
7
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EXHIBIT INDEX
<TABLE>
<CAPTION>
Sequential
Exhibit Description Page Number
- ------- ----------- -----------
<S> <C> <C>
1 Joint Acquisition Statement 9
</TABLE>
8
<PAGE> 1
EXHIBIT 1
JOINT ACQUISITION STATEMENT
PURSUANT TO RULE 13(D)-1(F)(1)
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13D is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13D shall be filed on behalf
of each of the undersigned without the necessity of filing additional joint
acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning him or it contained therein, but
shall not be responsible for the completeness and accuracy of the information
concerning the other, except to the extent that he or it knows or has reason to
believe that such information is inaccurate.
Dated: May 19, 2000
/s/ HOLCOMBE T. GREEN, JR.
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Holcombe T. Green, Jr.,
signing in the capacities and on behalf of each of
the persons listed on Schedule I hereto.
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SCHEDULE I
WPS INVESTORS, L.P.
By: HTG Corp.
General Partner
By: Holcombe T. Green, Jr.
President
HTG CORP.
By: Holcombe T. Green, Jr.
President
HOLCOMBE T. GREEN, JR.
Individually
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