<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
AGRIBIOTECH, INC.
(Name of Issuer)
Common Stock, $0.001 Par Value
(Title of Class of Securities)
008494106
(CUSIP Number)
August 31, 1998
(Date of Event which Requires Filing
of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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 the
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).
Page 1 of 9 Pages
<PAGE>
- --------------------------------------------
CUSIP No. 008494106 13G
- --------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Soros Fund Management LLC
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
4,562,882
-----------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY
-----------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 4,562,882
WITH
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,562,882
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.56%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO, IA
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 9 Pages
<PAGE>
- --------------------------------------------
CUSIP No. 008494106 13G
- --------------------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
George Soros (in the capacity described herein)
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
-0-
-----------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 4,562,882
OWNED BY
-----------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0-
WITH
-----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,562,882
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,562,882
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.56%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 3 of 9 Pages
<PAGE>
- --------------------------------------------
CUSIP No. 008494106 13G
- --------------------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Stanley F. Druckenmiller (in the capacity described herein)
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
-0-
-----------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 4,562,882
OWNED BY
-----------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0-
WITH
-----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,562,882
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,562,882
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.56%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 4 of 9 Pages
<PAGE>
Item 1(a) Name of Issuer:
----------------
AgriBioTech, Inc. (the "Issuer")
Item 1(b) Address of Issuer's Principal Executive
----------------------------------------
Offices:
--------
120 Corporate Park Drive
Henderson, Nevada 89014
Items 2(a) Name of Person Filing:
----------------------
This Statement is filed on behalf of the
following persons (collectively, the
"Reporting Persons"):
i) Soros Fund Management LLC, a
Delaware Limited liability
company ("SFM LLC");
ii) Mr. George Soros ("Mr. Soros"); and
iii) Mr. Stanley F. Druckenmiller ("Mr.
Druckenmiller").
This Statement relates to Shares (as defined
herein) held for the account of Quantum
Partners LDC, a Cayman Islands exempted
duration company ("Quantum Partners "). SFM
LLC, a Delaware limited liability company,
serves as principal investment manager to
Quantum Partners and, as such, has been
granted investment discretion over portfolio
investments, including the Shares, held for
the account of Quantum Partners. Mr. Soros
is the Chairman of SFM LLC. Mr.
Druckenmiller is the Lead Portfolio Manager
and a member of the Management Committee of
SFM LLC.
Item 2(b) Address of Principal Business Office:
-------------------------------------
The address of the principal business office
of each of SFM LLC, Mr. Soros and Mr.
Druckenmiller is 888 Seventh Avenue, 33rd
Floor, New York, NY 10106.
Item 2(c) Citizenship:
------------
i) SFM LLC is a Delaware limited
liability company;
ii) Mr. George Soros is a United States
citizen; and
iii) Mr. Stanley F. Druckenmiller is a United
States citizen.
Page 5 of 9 Pages
<PAGE>
Item 2(d) Title of Class of Securities:
-----------------------------
Common Stock, par value $0.001 per share (the
"Shares")
Item 2(e) CUSIP Number:
-------------
008494106
Item 3 Not applicable.
Item 4. Ownership:
----------
Item 4(a) Amount Beneficially Owned:
--------------------------
Each of the Reporting Persons may be deemed
the beneficial owner of 4,562,882 Shares held
for the account of Quantum Partners
(including 914,900 Shares subject to
immediately exercisable warrants).
Item 4(b) Percent of Class:
-----------------
The number of Shares of which each of the
Reporting Persons may be deemed to be the
beneficial owner constitutes approximately
11.56% of the total number of Shares
outstanding.
Item 4(c) Number of shares as to which such person has:
---------------------------------------------
SFM LLC
-------
(i) Sole power to vote or to direct the
vote: 4,562,882
(ii) Shared power to vote or to direct the
vote: -0-
(iii) Sole power to dispose or to direct the
disposition of: 4,562,882
(iv) Shared power to dispose or to direct
the disposition of: -0-
Mr. Soros
---------
(i) Sole power to vote or to direct the
vote: -0-
Page 6 of 9 Pages
<PAGE>
(ii) Shared power to vote or to direct the
vote: 4,562,882
(iii) Sole power to dispose or to direct the
disposition of: -0-
(iv) Shared power to dispose or to direct the
disposition of: 4,562,882
Mr. Druckenmiller
-----------------
(i) Sole power to vote or to direct the
vote: -0-
(ii) Shared power to vote or to direct the
vote: 4,562,882
(iii) Sole power to dispose or to direct the
disposition of: -0-
(iv) Shared power to dispose or to direct the
disposition of: 4,562,882
Item 5 Ownership of Five Percent or Less of a Class:
--------------------------------------------
Not Applicable
Item 6 Ownership of More than Five Percent on
------------------------------------------
Behalf of Another Person:
-------------------------
The shareholders of Quantum Partners,
including Quantum Fund N.V., a Netherlands
Antilles company, have the right to
participate in the receipt of dividends from,
or proceeds from the sale of, the Shares held
for the account of Quantum Partners in
accordance with their ownership interests in
Quantum Partners.
Item 7 Identification and Classification of the
----------------------------------------
Subsidiary Which Acquired the Security Being
--------------------------------------------
Reported on By the Parent Holding Company:
-----------------------------------------
Not Applicable
Item 8 Identification and Classification of Members
--------------------------------------------
of the Group:
-------------
Not Applicable
Item 9 Notice of Dissolution of Group:
------------------------------
Not Applicable
Page 7 of 9 Pages
<PAGE>
Item 10 Certification:
--------------
By signing below each signatory certifies that, to the best of his/its
knowledge and belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or influencing the
control of the Issuer of the securities and were not acquired and are not held
in connection with or as a participant in any transaction having that purpose or
effect.
Page 8 of 9 Pages
<PAGE>
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 9, 1998 SOROS FUND MANAGEMENT LLC
By: /s/ Michael C. Neus
----------------------
Michael C. Neus
Assistant General Counsel
Dated: September 9, 1998 GEORGE SOROS
By: /s/ Michael C. Neus
--------------------
Michael C. Neus
Attorney-in-Fact
Dated: September 9, 1998 STANLEY F. DRUCKENMILLER
By: /s/ Michael C. Neus
--------------------
Michael C. Neus
Attorney-in-Fact
Page 9 of 9 Pages
