SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D**
Under the Securities Exchange Act of 1934
(Amendment No. 1*)
Savannah Foods & Industries, Inc.
(Name of Issuer)
Common Stock, Par Value $0.25 per Share
(Title of Class of Securities)
804795102
(Cusip Number)
W. Robert Cotham
201 Main Street, Suite 2600
Fort Worth, Texas 76102
(817) 390-8400
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 23, 1997
(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 [ ].
*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).
**The total number of shares reported herein is 1,056,000 shares, which
constitutes approximately 3.7% of the total number of shares outstanding. All
ownership percentages set forth herein assume that there are 28,738,196 shares
outstanding.
<PAGE>
<PAGE>
1. Name of Reporting Person:
The Bass Management Trust
2. Check the Appropriate Box if a Member of a Group:
(a) / /
(b) / X /
3. SEC Use Only
4. Source of Funds: 00 - Trust Funds
5. Check box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e):
/ /
6. Citizenship or Place of Organization: Texas
7. Sole Voting Power: 51,852 (1)
Number of
Shares
Beneficially 8. Shared Voting Power: -0-
Owned By
Each
Reporting 9. Sole Dispositive Power: 51,852 (1)
Person
With
10. Shared Dispositive Power: -0-
11. Aggregate Amount Beneficially Owned by Each Reporting Person:
51,852
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares:
/ /
13. Percent of Class Represented by Amount in Row (11): 0.2%
14. Type of Reporting Person: 00 - Trust
- ----------
(1) Power is exercised through its sole trustee, Perry R. Bass
<PAGE>
<PAGE>
1. Name of Reporting Person:
Perry R. Bass
2. Check the Appropriate Box if a Member of a Group:
(a) / /
(b) / X /
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: USA
7. Sole Voting Power: 51,852 (1)
Number of
Shares
Beneficially 8. Shared Voting Power: -0-
Owned By
Each
Reporting 9. Sole Dispositive Power: 51,852 (1)
Person
With
10. Shared Dispositive Power: -0-
11. Aggregate Amount Beneficially Owned by Each Reporting Person:
51,852 (1)
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares:
/ /
13. Percent of Class Represented by Amount in Row (11): 0.2%
14. Type of Reporting Person: IN
- ----------
(1) Solely in his capacities as sole trustee and as one of two trustors of
The Bass Management Trust.
<PAGE>
<PAGE>
1. Name of Reporting Person:
Nancy L. Bass
2. Check the Appropriate Box if a Member of a Group:
(a) / /
(b) / X /
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: USA
7. Sole Voting Power: -0-
Number of
Shares
Beneficially 8. Shared Voting Power: -0-
Owned By
Each
Reporting 9. Sole Dispositive Power: -0-
Person
With
10. Shared Dispositive Power: -0-
11. Aggregate Amount Beneficially Owned by Each Reporting Person:
51,852 (1)
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares:
/ /
13. Percent of Class Represented by Amount in Row (11): 0.2%
14. Type of Reporting Person: IN
- ----------
(1) Solely in her capacity as one of two trustors of The Bass Management
Trust and by virtue of her power to revoke same.
<PAGE>
<PAGE>
1. Name of Reporting Person:
Sid R. Bass Management Trust
2. Check the Appropriate Box if a Member of a Group:
(a) / /
(b) / X /
3. SEC Use Only
4. Source of Funds: 00 - Trust Funds
5. Check box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e):
/ /
6. Citizenship or Place of Organization: Texas
7. Sole Voting Power: 33,518 (1)
Number of
Shares
Beneficially 8. Shared Voting Power: -0-
Owned By
Each
Reporting 9. Sole Dispositive Power: 33,518 (1)
Person
With
10. Shared Dispositive Power: -0-
11. Aggregate Amount Beneficially Owned by Each Reporting Person:
33,518
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares:
/ /
13. Percent of Class Represented by Amount in Row (11): 0.1%
14. Type of Reporting Person: 00 - Trust
- ----------
(1) Power is exercised through one of its trustees, Sid R. Bass.
<PAGE>
<PAGE>
1. Name of Reporting Person:
Sid R. Bass
2. Check the Appropriate Box if a Member of a Group:
(a) / /
(b) / X /
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: USA
7. Sole Voting Power: 33,518 (1)
Number of
Shares
Beneficially 8. Shared Voting Power: -0-
Owned By
Each
Reporting 9. Sole Dispositive Power: 33,518 (1)
Person
With
10. Shared Dispositive Power: -0-
11. Aggregate Amount Beneficially Owned by Each Reporting Person:
33,518 (1)
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares:
/ /
13. Percent of Class Represented by Amount in Row (11): 0.1%
14. Type of Reporting Person: IN
- ----------
(1) Solely in his capacity as a trustee and the sole trustor of Sid R. Bass
Management Trust and by virtue of his power to revoke same.
<PAGE>
<PAGE>
1. Name of Reporting Person:
Lee M. Bass
2. Check the Appropriate Box if a Member of a Group:
(a) / /
(b) / X /
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 of Organization: USA
7. Sole Voting Power: 47,993
Number of
Shares
Beneficially 8. Shared Voting Power: -0-
Owned By
Each
Reporting 9. Sole Dispositive Power: 47,993
Person
With
10. Shared Dispositive Power: -0-
11. Aggregate Amount Beneficially Owned by Each Reporting Person:
47,993
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares:
/ /
13. Percent of Class Represented by Amount in Row (11): 0.2%
14. Type of Reporting Person: IN
<PAGE>
<PAGE>
1. Name of Reporting Person:
Edward P. Bass
2. Check the Appropriate Box if a Member of a Group:
(a) / /
(b) / X /
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 of Organization: USA
7. Sole Voting Power: 29,987
Number of
Shares
Beneficially 8. Shared Voting Power: -0-
Owned By
Each
Reporting 9. Sole Dispositive Power: 29,987
Person
With
10. Shared Dispositive Power: -0-
11. Aggregate Amount Beneficially Owned by Each Reporting Person:
29,987
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares:
/ /
13. Percent of Class Represented by Amount in Row (11): 0.1%
14. Type of Reporting Person: IN
<PAGE>
<PAGE>
1. Name of Reporting Person:
Wesley Guylay Capital Management, L.P.
2. Check the Appropriate Box if a Member of a Group:
(a) / /
(b) / X /
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 of Organization: Texas
7. Sole Voting Power: 892,650 (1)
Number of
Shares
Beneficially 8. Shared Voting Power: -0-
Owned By
Each
Reporting 9. Sole Dispositive Power: 892,650 (1)
Person
With
10. Shared Dispositive Power: -0-
11. Aggregate Amount Beneficially Owned by Each Reporting Person:
892,650
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares:
/ /
13. Percent of Class Represented by Amount in Row (11): 3.1%
14. Type of Reporting Person: PN
- ----------
(1) Power is exercised through its sole general partner, Wesley Richard
Guylay.
<PAGE>
<PAGE>
1. Name of Reporting Person:
Wesley Richard Guylay
2. Check the Appropriate Box if a Member of a Group:
(a) / /
(b) / X /
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: USA
7. Sole Voting Power: 892,650 (1)
Number of
Shares
Beneficially 8. Shared Voting Power: -0-
Owned By
Each
Reporting 9. Sole Dispositive Power: 892,650 (1)
Person
With
10. Shared Dispositive Power: -0-
11. Aggregate Amount Beneficially Owned by Each Reporting Person:
892,650 (1)
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares:
/ /
13. Percent of Class Represented by Amount in Row (11): 3.1%
14. Type of Reporting Person: IN
- ----------
(1) Solely in his capacity as the sole general partner of Wesley Guylay
Capital Management.
<PAGE>
<PAGE>
Pursuant to Rule 13d-2(a) of Regulation 13D-G of the General Rules and
Regulations under the Securities Exchange Act of 1934, as amended (the "Act"),
the undersigned hereby amend their Schedule 13D Statement dated November 20,
1992, (the "Schedule 13D"), relating to the Common Stock, par value $0.25 per
share, of Savannah Foods & Industries, Inc. Unless otherwise indicated, all
defined terms used herein shall have the same meanings respectively ascribed
to them in the Schedule 13D. Pursuant to Item 101(a)(2)(ii) of Regulation S-
T, this filing includes a composite of all paper filings to date made by the
Reporting Persons (as hereinafter defined) on Schedule 13D with respect to
such securities.
ITEM 1. SECURITY AND ISSUER.
This statement relates to shares of Common Stock, par value $0.25 per
share (the "Stock"), of Savannah Foods & Industries, Inc. (the "Issuer"). The
principal executive offices of the Issuer are located at P.O. Box 339,
Savannah, Georgia 31402.
ITEM 2. IDENTITY AND BACKGROUND.
(a) Pursuant to Rules 13d-1(f)(1)-(2) of Regulation 13D-G of the General
Rules and Regulations under the Securities Exchange Act of 1934, as amended
(the "Act"), the undersigned hereby file this Schedule 13D Statement on behalf
of The Bass Management Trust ("BMT"), Perry R. Bass ("PRB"), Nancy L. Bass
("NLB"), Sid R. Bass Management Trust ("SRBMT"), Sid R. Bass ("SRB"), Lee M.
Bass ("LMB"), Edward P. Bass ("EPB"), Wesley Guylay Capital Management, L.P.,
a Texas limited partnership ("WGCM"), and Wesley Richard Guylay ("WRG"). BMT,
PRB, NLB, SRBMT, SRB, LMB, EPB, WGCM and WRG are sometimes hereinafter
collectively referred to as the "Reporting Persons." The Reporting Persons
are making this single, joint filing because they may be deemed to constitute
a "group" within the meaning of Section 13(d)(3) of the Act, although neither
the fact of this filing nor anything contained herein shall be deemed to be an
admission by the Reporting Persons that a group exists.
(b)-(c)
BMT
BMT is a revocable grantor trust established pursuant to the Texas Trust
Act. The principal business address of BMT, which also serves as its
principal office, is 201 Main Street, Suite 2700, Fort Worth, Texas 76102.
Pursuant to Instruction C to Schedule 13D of the Act, information with respect
to PRB, one of the Trustors and the sole Trustee of BMT, and NLB, the other
Trustor of BMT, is set forth below.
PRB
PRB's business address is 201 Main Street, Suite 2700, Fort Worth, Texas
76102, and his present principal occupation or employment at such address is
serving as President of Perry R. Bass, Inc. ("PRB, Inc.").
PRB, Inc. is a Texas corporation, the principal businesses of which are
ranching and the exploration for and production of hydrocarbons. The
principal business address of PRB, Inc., which also serves as its principal
office, is 201 Main Street, Suite 2700, Fort Worth, Texas 76102.
NLB
NLB's residence address is 45 Westover Road, Fort Worth, Texas 76107, and
she is not presently employed. NLB is the other Trustor of BMT.
SRBMT
SRBMT is a revocable trust existing under the laws of the State of Texas.
The address of SRBMT is 201 Main Street, Suite 2700, Fort Worth, Texas 76102.
Pursuant to Instruction C to Schedule 13D of the Act, information with respect
to one of its Trustees, PRB, is set forth above. Information with respect to
its two other Trustees, LMB and SRB, is set forth below.
SRB
SRB's business address is 201 Main Street, Suite 2700, Fort Worth, Texas
76102, and his present principal occupation or employment at such address is
serving as Chairman of the Board and Chief Executive Officer of Sid R. Bass,
Inc. ("SRB, Inc.").
SRB, Inc. is a Texas corporation. SRB, Inc.'s principal businesses are
the ownership and operation of oil and gas properties (through Bass
Enterprises Production Co. ("BEPCO")), the ownership and operation of gas
processing plants and carbon black plants (through various partnerships),
farming and ranching, investing in marketable securities and real estate
investment and development. The principal business address of SRB, Inc.,
which also serves as its principal office, is 201 Main Street, Suite 2700,
Fort Worth, Texas 76102.
BEPCO is a Texas corporation, the principal business of which is oil
exploration and drilling and producing hydrocarbons. The principal address of
BEPCO, which also serves as its principal office, is 201 Main Street, Suite
2700, Fort Worth, Texas 76102.
LMB
LMB's business address is 201 Main Street, Suite 2700, Fort Worth, Texas
76102, and his present principal occupation or employment at such address is
serving as Chairman of the Board and Chief Executive Officer of Lee M. Bass,
Inc. ("LMB, Inc.").
LMB, Inc. is a Texas corporation. LMB, Inc.'s principal businesses are
the ownership and operation of oil and gas properties (through BEPCO), the
ownership and operation of gas processing plants and carbon black plants
(through various partnerships), farming and ranching, investing in marketable
securities and real estate investment and development. The principal business
address of LMB, Inc., which also serves as its principal office, is 201 Main
Street, Suite 2700, Fort Worth, Texas 76102.
EPB
EPB's business address is 201 Main Street, Suite 2700, Fort Worth, Texas
76102, and his present principal occupation or employment at such address is
serving as President of Thru Line Inc. ("TLI").
TLI is a Texas corporation. TLI's principal businesses are the ownership
and operation of oil and gas properties (through BEPCO), the ownership and
operation of gas processing plants and carbon black plants (through various
partnerships), farming and ranching, investing in marketable securities and
real estate investment and development. The principal business address of
TLI, which also serves as its principal office, is 201 Main Street, Suite
2700, Fort Worth, Texas 76102.
WGCM
WGCM is a Texas limited partnership, the principal business of which is
buying, selling, exchanging or otherwise acquiring, holding and dealing with
securities, including warrants and rights, commodities and commodities futures
contracts of every kind and description. The principal business address of
WGCM, which also serves as its principal office, is 201 Main Street, Suite
2700, Fort Worth, Texas 76102. Pursuant to Instruction C to Schedule 13D of
the Act, information with respect to WRG, the sole general partner of WGCM, is
set forth below.
WRG
WRG's business address is 30 Rockefeller Plaza, Suite 4535, New York, New
York 10112, and his present principal occupation or employment at such
address is serving as an investment advisor and general partner of WGCM.
(d) None of the entities or persons identified in this Item 2 has,
during the last five years, been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors).
(e) None of the entities or persons identified in this Item 2 has,
during the last five years, been a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction and as a result of such
proceeding 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.
(f) All of the natural persons identified in this Item 2 are citizens of
the United States of America.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The source and amount of the funds used or to be used by the Reporting
Persons to purchase shares of the Stock are as follows:
REPORTING PERSON SOURCE OF FUNDS AMOUNT OF FUNDS
BMT Trust Funds(1) $ 3,982,731.72 (2)
PRB Not Applicable Not Applicable
NLB Not Applicable Not Applicable
SRBMT Trust Funds (1) $ 1,792,466.43 (3)
SRB Not Applicable Not Applicable
LMB Personal Funds(4) $ 3,790,628.53 (5)
EPB Personal Funds(4) $ 1,241,566.15 (6)
WGCM Working Capital(7) $14,605,774.41 (8)
WRG Not Applicable Not Applicable
(1) As used herein, the term "Trust Funds" includes income from the
various investments of the trust plus sums borrowed from banks and brokerage
firm margin accounts for general purposes. None of the funds reported herein
as "Trust Funds" were borrowed or otherwise obtained for the specific purpose
of acquiring, handling, trading or voting the Stock.
(2) This figure represents the total amount expended by BMT for all
purchases of shares of the Stock, without subtracting sales. Therefore, such
figure does not accurately reflect BMT's current net investment in shares of
the Stock. The aggregate current net investment of BMT in shares of the Stock
is $124,446.75.
(3) This figure represents the total amount expended by SRBMT for all
purchases of shares of the Stock, without subtracting sales. Therefore, such
figure does not accurately reflect SRBMT's current net investment in shares of
the Stock. The aggregate current net investment of SRBMT in shares of the
Stock is $ 34,475.92.
(4) As used herein, the term "Personal Funds" may include sums borrowed
from banks and brokerage firm margin accounts, none of which were borrowed or
otherwise obtained for the specific purpose of acquiring, handling, trading or
voting the Stock.
(5) This figure represents the total amount expended by LMB for all
purchases of shares of the Stock, without subtracting sales. Therefore, such
figure does not accurately reflect LMB's current net investment in shares of
the Stock. The aggregate current net investment of LMB in shares of the Stock
is $137,865.07.
(6) This figure represents the total amount expended by EPB for all
purchases of shares of the Stock, without subtracting sales. Therefore, such
figure does not accurately reflect EPB's current net investment in shares of
the Stock. The aggregate current net investment of EPB in shares of the Stock
is $42,856.31.
(7) As used herein, the term "Working Capital" includes income from the
business operations of the entity plus sums borrowed from banks and brokerage
firm margin accounts to operate such business in general. None of the funds
reported herein as "Working Capital" were borrowed or otherwise obtained for
the specific purpose of acquiring, handling, trading or voting the Stock.
(8) This figure represents the total amount expended by WGCM for all
purchases of shares of the Stock, without subtracting sales. Therefore, such
figure does not accurately reflect WGCM's current net investment in shares of
the Stock. WGCM has recouped through sales its entire investment in shares of
the Stock.
ITEM 4. PURPOSE OF TRANSACTION.
The Reporting Persons acquired and continue to hold the shares of the
Stock reported herein for investment purposes. Consistent with such purposes,
the Reporting Persons have had discussions with management of the Issuer
concerning its operations, and expect to have further discussions with
management concerning various operational and financial issues.
Depending on market conditions and other factors that each of the
Reporting Persons may deem material to its investment decision, such Reporting
Person may purchase additional shares of the Stock in the open market or in
private transactions. Depending on these same factors, such Reporting Person
may sell all or a portion of the shares of the Stock that it now owns or
hereafter may acquire on the open market or in private transactions.
Except as set forth in this Item 4, the Reporting Persons have no present
plans or proposals that relate to or that would result in any of the actions
specified in clauses (a) through (j) of Item 4 of Schedule 13D of the Act.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a)
BMT
The aggregate number of shares of the Stock that BMT owns beneficially,
pursuant to Rule 13d-3 of the Act, is 51,852, which constitutes approximately
0.2% of the outstanding shares of the Stock.
PRB
Because of his positions as Trustee and a Trustor of BMT, PRB may,
pursuant to Rule 13d-3 of the Act, be deemed to be the beneficial owner of
51,852 shares of the Stock, which constitutes approximately 0.2% of the
outstanding shares of the Stock.
NLB
Because of her position as a Trustor of BMT, NLB may, pursuant to Rule
13d-3 of the Act, be deemed to be the beneficial owner of 51,852 shares of the
Stock, which constitutes approximately 0.2% of the outstanding shares of the
Stock.
SRBMT
The aggregate number of shares of the Stock that SRBMT owns beneficially,
pursuant to Rule 13d-3 of the Act, is 33,518, which constitutes approximately
0.1% of the outstanding shares of the Stock.
SRB
Because of his positions as a trustee and the sole trustor of SRBMT and
by virtue of his power to revoke same, SRB may, pursuant to Rule 13d-3 of the
Act, be deemed to be the beneficial owner of 33,518 shares of the Stock, which
constitutes approximately 0.1% of the outstanding shares of the Stock.
LMB
The aggregate number of shares of the Stock that LMB owns beneficially,
pursuant to Rule 13d-3 of the Act, is 47,993, which constitutes approximately
0.2% of the outstanding shares of the Stock.
EPB
The aggregate number of shares of the Stock that EPB owns beneficially,
pursuant to Rule 13d-3 of the Act, is 29,987, which constitutes approximately
0.1% of the outstanding shares of the Stock.
WGCM
The aggregate number of shares of the Stock that WGCM owns beneficially,
pursuant to Rule 13d-3 of the Act, is 892,650, which constitutes approximately
3.1% of the outstanding shares of the Stock.
WRG
Because of his position as the sole general partner of WGCM, WRG may,
pursuant to Rule 13d-3 of the Act, be deemed to be the beneficial owner of
892,650 shares of the Stock, which constitutes approximately 3.1% of the
outstanding shares of the Stock.
To the best of the knowledge of each of the Reporting Persons, other than
is set forth above, none of the persons named in Item 2 herein is the
beneficial owner of any shares of the Stock.
(b)
BMT
Acting through its Trustee, BMT has the sole power to vote or to direct
the vote and to dispose or to direct the disposition of 51,852 shares of the
Stock.
PRB
In his capacity as Trustee of BMT, PRB has the sole power to vote or to
direct the vote and to dispose or to direct the disposition of 51,852 shares
of the Stock.
NLB
NLB has no power to vote or to direct the vote or to dispose or to direct
the disposition of any shares of the Stock.
SRBMT
Acting through one of its trustees and its sole trustor, SRBMT has the
sole power to vote or to direct the vote and to dispose or to direct the
disposition of 33,518 shares of the Stock.
SRB
Because of his position as a trustee and the sole trustor of SRBMT and by
virtue of his power to revoke same, SRB has the sole power to vote or to
direct the vote and to dispose or to direct the disposition of 33,518 shares
of the Stock.
LMB
LMB has the sole power to vote or to direct the vote and to dispose or to
direct the disposition of 47,993 shares of the Stock.
EPB
EPB has the sole power to vote or to direct the vote and to dispose or to
direct the disposition of 29,987 shares of the Stock.
WGCM
WGCM has the sole power to vote or to direct the vote and to dispose or
to direct the disposition of 892,650 shares of the Stock.
WRG
As the sole general partner of WGCM, WRG has the sole power to vote or to
direct the vote and to dispose or to direct the disposition of 892,650 shares
of the Stock.
(c) During the past sixty days, the Reporting Persons have purchased and
sold shares of the Stock in open market transactions on the New York Stock
Exchange, as follows:
Reporting No. of Shares Price Per
Person Date Purchased or Share
Sold
BMT 07-28-97 4,575(P) $13.06
SRBMT 07-28-97 4,575(P) 13.06
LMB 07-28-97 4,575(P) 13.06
EPB 07-28-97 4,575(P) 13.06
WGCM 07-28-97 18,300(P) 13.06
BMT 07-28-97 1,250(P) 13.25
SRBMT 07-28-97 1,250(P) 13.25
LMB 07-28-97 1,250(P) 13.25
EPB 07-28-97 1,250(P) 13.25
WGCM 07-28-97 5,000(P) 13.25
BMT 07-28-97 625(P) 13.15
SRBMT 07-28-97 625(P) 13.15
LMB 07-28-97 625(P) 13.15
EPB 07-28-97 625(P) 13.15
WGCM 07-28-97 2,500(P) 13.15
BMT 07-29-97 1,675(P) 13.06
SRBMT 07-29-97 1,675(P) 13.06
LMB 07-29-97 1,675(P) 13.06
EPB 07-29-97 1,675(P) 13.06
WGCM 07-29-97 6,700(P) 13.06
BMT 07-29-97 625(P) 13.03
SRBMT 07-29-97 625(P) 13.03
LMB 07-29-97 625(P) 13.03
EPB 07-29-97 625(P) 13.03
WGCM 07-29-97 2,500(P) 13.03
BMT 07-29-97 2,337(P) 13.11
SRBMT 07-29-97 2,338(P) 13.11
LMB 07-29-97 2,338(P) 13.11
EPB 07-29-97 2,337(P) 13.11
WGCM 07-29-97 9,350(P) 13.11
BMT 07-30-97 2,900(P) 12.99
SRBMT 07-30-97 2,875(P) 12.99
LMB 07-30-97 2,875(P) 12.99
EPB 07-30-97 2,900(P) 12.99
WGCM 07-30-97 11,550(P) 12.99
BMT 07-30-97 1,675(P) 13.03
SRBMT 07-30-97 1,700(P) 13.03
LMB 07-30-97 1,700(P) 13.03
EPB 07-30-97 1,675(P) 13.03
WGCM 07-30-97 6,750(P) 13.03
BMT 07-31-97 1,875(P) 13.53
SRBMT 07-31-97 1,875(P) 13.53
LMB 07-31-97 1,875(P) 13.53
EPB 07-31-97 1,875(P) 13.53
WGCM 07-31-97 7,500(P) 13.53
BMT 07-31-97 875(P) 13.59
SRBMT 07-31-97 875(P) 13.59
LMB 07-31-97 875(P) 13.59
EPB 07-31-97 875(P) 13.59
WGCM 07-31-97 3,500(P) 13.59
BMT 09-08-97 2,150(S) 17.95
SRBMT 09-08-97 1,750(S) 17.95
LMB 09-08-97 2,125(S) 17.95
EPB 09-08-97 875(S) 17.95
WGCM 09-08-97 120,400(S) 17.95
BMT 09-08-97 23,125(S) 17.95
SRBMT 09-08-97 14,600(S) 17.95
LMB 09-08-97 21,250(S) 17.95
EPB 09-08-97 13,725(S) 17.95
BMT 09-23-97 2,130(S) 18.95
SRBMT 09-23-97 1,746(S) 18.95
LMB 09-23-97 2,110(S) 18.95
EPB 09-23-97 885(S) 18.95
WGCM 09-23-97 120,393(S) 18.95
BMT 09-23-97 2,130(S) 18.94
SRBMT 09-23-97 1,746(S) 18.94
LMB 09-23-97 2,110(S) 18.94
EPB 09-23-97 885(S) 18.94
WGCM 09-23-97 120,393(S) 18.94
BMT 09-23-97 23,145(S) 18.95
SRBMT 09-23-97 14,586(S) 18.95
LMB 09-23-97 21,270(S) 18.95
EPB 09-23-97 13,735(S) 18.95
WGCM 09-23-97 4,154(S) 19.00
BMT 09-23-97 23,145(S) 18.94
SRBMT 09-23-97 14,586(S) 18.94
LMB 09-23-97 21,270(S) 18.94
EPB 09-23-97 13,735(S) 18.94
BMT 09-23-97 80(S) 19.00
SRBMT 09-23-97 68(S) 19.00
LMB 09-23-97 80(S) 19.00
EPB 09-23-97 30(S) 19.00
BMT 09-23-97 870(S) 19.00
SRBMT 09-23-97 548(S) 19.00
LMB 09-23-97 795(S) 19.00
EPB 09-23-97 515(S) 19.00
Except as set forth in this paragraph (c), to the best of the knowledge
of each of the Reporting Persons, none of the persons named in response to
paragraph (a) has effected any transactions in shares of the Stock during the
past sixty days.
(d) Each of the Reporting Persons affirms that no person other than such
Reporting Person has the right to receive or the power to direct the receipt
of dividends from, or the proceeds from the sale of, the shares of the Stock
owned by such Reporting Person.
(e) The Reporting Persons ceased to beneficially own more than 5% of the
outstanding stock on September 23, 1997.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
Except as set forth herein or in the Exhibits filed or to be filed
herewith, there are no contracts, arrangements, understandings or
relationships with respect to the shares of the Stock owned by the Reporting
Persons.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 99.1 -- Agreement and Power of Attorney pursuant to Rule
13d-1(f)(1)(iii).
<PAGE>
<PAGE>
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 23, 1997
/s/ W. R. Cotham
W. R. Cotham,
Attorney-in-Fact for:
THE BASS MANAGEMENT TRUST (1)
PERRY R. BASS (2)
NANCY L. BASS (3)
SID R. BASS MANAGEMENT TRUST (4)
SID R. BASS (5)
LEE M. BASS (6)
EDWARD P. BASS (7)
WESLEY GUYLAY CAPITAL
MANAGEMENT, L.P. (8)
WESLEY RICHARD GUYLAY (9)
(1) A Power of Attorney authorizing W. R. Cotham, et al., to act on behalf of
The Bass Management Trust previously has been filed with the Securities
and Exchange Commission.
(2) A Power of Attorney authorizing W. R. Cotham, et al., to act on behalf of
Perry R. Bass previously has been filed with the Securities and Exchange
Commission.
(3) A Power of Attorney authorizing W. R. Cotham, et al., to act on behalf of
Nancy L. Bass previously has been filed with the Securities and Exchange
Commission.
(4) A Power of Attorney authorizing W. R. Cotham, et al., to act on behalf of
the Sid R. Bass Management Trust previously has been filed with the
Securities and Exchange Commission.
(5) A Power of Attorney authorizing W. R. Cotham, et al., to act on behalf of
Sid R. Bass previously has been filed with the Securities and Exchange
Commission.
(6) A Power of Attorney authorizing W. R. Cotham, et al., to act on behalf of
Lee M. Bass previously has been filed with the Securities and Exchange
Commission.
(7) A Power of Attorney authorizing W. R. Cotham, et al., to act on behalf of
Edward P. Bass previously has been filed with the Securities and Exchange
Commission.
(8) A Power of Attorney authorizing W. R. Cotham, et al., to act on behalf of
Wesley Guylay Capital Management, L.P. previously has been filed with the
Securities and Exchange Commission.
(9) A Power of Attorney authorizing W. R. Cotham, et al., to act on behalf of
Wesley Richard Guylay previously has been filed with the Securities and
Exchange Commission.
<PAGE>
EXHIBIT INDEX
EXHIBIT DESCRIPTION
99.1 Agreement and Power of Attorney pursuant to Rule 13d-1(f)(1)(iii),
filed herewith
Exhibit 99.1
1. Joint Filing. Pursuant to Rule 13d-1(f)(1)(iii) of Regulation 13D-G
of the General Rules and Regulations of the Securities and Exchange Commission
under the Securities Exchange Act of 1934, as amended, the undersigned agrees
that the statement to which this Exhibit is attached is filed on behalf of
each of them in the capacities set forth below.
2. Power of Attorney. Know all persons by these presents that each
person whose signature appears below constitutes and appoints W. Robert
Cotham, Mark L. Hart, Jr. and William P. Hallman, Jr., and each of them, as
his true and lawful attorneys-in-fact and agents with full power of
substitution and resubstitution, for such person and in such person's name,
place and stead, in any and all capacities, to sign any and all amendments to
the Schedule 13D filed on behalf of each of them with respect to their
beneficial ownership of Savannah Foods & Industries, Inc., and to file the
same, with all exhibits thereto and all documents in connection therewith,
with the Securities and Exchange Commission, granting unto said attorneys-in-
fact and agents, and each of them, full power and authority to do and perform
each and every act and thing requisite and necessary to be done in and about
the premises, as fully to all intents and purposes as such person might or
could do in person, hereby ratifying and confirming all that said attorneys-
in-fact and agents or any of them, or such person or their substitute or
substitutes, may lawfully do or cause to be done by virtue hereof.
/s/ W. R. Cotham
W. R. Cotham,
Attorney-in-Fact for:
THE BASS MANAGEMENT TRUST (1)
PERRY R. BASS (2)
NANCY L. BASS (3)
SID R. BASS MANAGEMENT TRUST (4)
SID R. BASS (5)
LEE M. BASS (6)
EDWARD P. BASS (7)
WESLEY GUYLAY CAPITAL
MANAGEMENT, L.P. (8)
WESLEY RICHARD GUYLAY (9)
(1) A Power of Attorney authorizing W. R. Cotham, et al., to act on behalf of
The Bass Management Trust previously has been filed with the Securities
and Exchange Commission.
(2) A Power of Attorney authorizing W. R. Cotham, et al., to act on behalf of
Perry R. Bass previously has been filed with the Securities and Exchange
Commission.
(3) A Power of Attorney authorizing W. R. Cotham, et al., to act on behalf of
Nancy L. Bass previously has been filed with the Securities and Exchange
Commission.
(4) A Power of Attorney authorizing W. R. Cotham, et al., to act on behalf of
the Sid R. Bass Management Trust previously has been filed with the
Securities and Exchange Commission.
(5) A Power of Attorney authorizing W. R. Cotham, et al., to act on behalf of
Sid R. Bass previously has been filed with the Securities and Exchange
Commission.
(6) A Power of Attorney authorizing W. R. Cotham, et al., to act on behalf of
Lee M. Bass previously has been filed with the Securities and Exchange
Commission.
(7) A Power of Attorney authorizing W. R. Cotham, et al., to act on behalf of
Edward P. Bass previously has been filed with the Securities and Exchange
Commission.
(8) A Power of Attorney authorizing W. R. Cotham, et al., to act on behalf of
Wesley Guylay Capital Management, L.P. previously has been filed with the
Securities and Exchange Commission.
(9) A Power of Attorney authorizing W. R. Cotham, et al., to act on behalf of
Wesley Richard Guylay previously has been filed with the Securities and
Exchange Commission.
