SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
DEPARTMENT 56 INCORPORATED
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.01 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
249509100
------------------------------------------------------------------------
(CUSIP Number)
December 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:
[X] Rule 13d-1(b)
[ ] 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 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 page(s))
Page 1 of 7 Pages
<PAGE>
- ---------------------
CUSIP No. 249509100
- ---------------------
========= =====================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Donald A. Yacktman
========== =====================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(SEE INSTRUCTIONS) (b) |X|
========== =====================================================================
3 SEC USE ONLY
========== =====================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
=========================== ========= ==========================================
5 SOLE VOTING POWER
NUMBER OF 70,000
SHARES ========= ==========================================
6 SHARED VOTING POWER
BENEFICIALLY 564,754 (see footnote 1)
OWNED BY ========= ==========================================
7 SOLE DISPOSITIVE POWER
EACH 70,000
REPORTING ========= ==========================================
8 SHARED DISPOSITIVE POWER
PERSON 2,516,515 (see footnote 1)
WITH
================================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,586,515
=========== ====================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES(SEE INSTRUCTIONS) [ ]
Not Applicable
=========== ====================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.31% (see footnote 2)
=========== ====================================================================
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
================================================================================
1 Represents shares beneficially owned by Yacktman Asset Management Co.; the
undersigned holds 100% of the outstanding shares of capital stock of
Yacktman Asset Management Co.
2 Based upon an aggregate of 18,076,896 shares outstanding at October 3, 1998.
page 2 of 7
<PAGE>
========= =====================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Yacktman Funds, Inc. - 36-3831621
========== =====================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS) (a) [ ]
(b) |X|
========== =====================================================================
3 SEC USE ONLY
========== =====================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
=========================== ======== ===========================================
5 SOLE VOTING POWER
NUMBER OF 1,030,000
SHARES ======== ==========================================
6
BENEFICIALLY SHARED VOTING POWER
-0-
OWNED BY ======== ==========================================
7
EACH SOLE DISPOSITIVE POWER
-0-
REPORTING ======== ==========================================
8
PERSON SHARED DISPOSITIVE POWER
-0-
WITH
=========== ====================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,030,000
=========== ====================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [ ]
Not Applicable
=========== ====================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.70% (see footnote 1)
=========== ====================================================================
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IV
================================================================================
1 Based upon an aggregate of 18,076,896 shares outstanding at October 3, 1998.
Page 3 of 7 Pages
<PAGE>
========= =====================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Yacktman Asset Management Co. - 36-3780592
========== =====================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS) (a) [ ]
(b) |X|
========== =====================================================================
3 SEC USE ONLY
========== =====================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
=========================== ========= ==========================================
5 SOLE VOTING POWER
NUMBER OF 564,754
SHARES
========= ==========================================
BENEFICIALLY 6 SHARED VOTING POWER
-0-
OWNED BY
========= ==========================================
EACH 7 SOLE DISPOSITIVE POWER
2,516,515
REPORTING
========= ==========================================
PERSON 8 SHARED DISPOSITIVE POWER
-0-
WITH
=========== ====================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,516,515
=========== ====================================================================
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [ ]
Not Applicable
=========== ====================================================================
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
13.92% (see footnote 1)
=========== ====================================================================
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA
================================================================================
1 Based upon an aggregate of 18,076,896 shares outstanding at October 3, 1998.
Page 4 of 7 Pages
<PAGE>
This Amendment No. 2 to the undersigned's Schedule 13G, which was
originally filed on March 7, 1997 (the "Schedule 13G") with regard to Department
56 Incorporated (the "Issuer") is being filed to amend Item 4 of the Schedule
13G. Except as expressly stated herein, there have been no material changes in
the information set forth in the Schedule 13G.
Item 4. Ownership:
Donald A. Yacktman
(a) Amount Beneficially Owned: 2,586,515
(b) Percent of Class: 14.31%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 70,000
(ii) shared power to vote or to direct the vote: 564,754
(iii) sole power to dispose or to direct the disposition
of: 70,000
(iv) shared power to dispose or to direct the disposition
of: 2,516,515
The Yacktman Funds, Inc.
(a) Amount Beneficially Owned: 1,030,000
(b) Percent of Class: 5.70%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 1,030,000
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose or to direct the disposition
of: -0-
(iv) shared power to dispose or to direct the disposition
of: -0-
Yacktman Asset Management Co.
(a) Amount Beneficially Owned: 2,516,515
(b) Percent of Class: 13.92%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 564,754
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose or to direct the disposition
of: 2,516,515
(iv) shared power to dispose or to direct the disposition
of: -0-
Page 5 of 7 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.
February 5, 1999
Date
/s/ Donald A. Yacktman
Donald A. Yacktman
THE YACKTMAN FUNDS, INC.
By: /s/ Donald A. Yacktman
Donald A. Yacktman
President
YACKTMAN ASSET MANAGEMENT CO.
By: /s/ Donald A. Yacktman
Donald A. Yacktman
President
Page 6 of 7 Pages
- ----------------------
CUSIP No. 249509100
- ----------------------
EXHIBIT 1
AGREEMENT dated as of February 5, 1999, by and among Donald A.
Yacktman ("Yacktman"), Yacktman Asset Management Co., an Illinois corporation
("Yacktman Asset Management") and The Yacktman Funds, inc., a Maryland
corporation (the "Yacktman Funds").
WHEREAS, in accordance with Rule 13d-1(k) of the Securities
Exchange Act of 1934 (the "Act"), only one such statement need be filed whenever
two or more persons are required to file a statement pursuant to Section 13(d)
of the Act with respect to the same securities, provided that said persons agree
in writing that such statement is filed on behalf of each of them.
NOW, THEREFORE, in consideration of the premises and mutual
agreements herein contained, the parties hereto agree as follows:
Each of Yacktman, Yacktman Asset Management and The Yacktman Funds
hereby agree, in accordance with Rule 13d-1(k) under the Act, to file one
Statement on Schedule 13G relating to their ownership of the Common Stock of
Department 56 Incorporated and hereby further agree that said Statement shall be
filed on behalf of each of Yacktman, Yacktman Asset Management and The Yacktman
Funds. Nothing herein shall be deemed to be an admission that the parties
hereto, or any of them are members of a "group" (within the meaning of Section
13(d) of the Act and the rules promulgated thereunder) with respect to any
securities of Department 56 Incorporated.
IN WITNESS WHEREOF, the parties have executed this Agreement as of
the date first written above.
/s/ Donald A. Yacktman
Donald A. Yacktman
THE YACKTMAN FUNDS, INC.
By: /s/ Donald A. Yacktman
Donald A. Yacktman
President
YACKTMAN ASSET MANAGEMENT CO.
By: /s/ Donald A. Yacktman
Donald A. Yacktman
President
Page 7 of 7 Pages
