SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
AMENDMENT NO. 2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
SUPERIOR ENERGY SERVICES, INC.
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(NAME OF ISSUER)
COMMON STOCK, PAR VALUE $.001 PER SHARE
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(TITLE OF CLASS OF SECURITIES)
868157 10 8
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(CUSIP NUMBER)
JOHN P. KOTTS
KOTTS CAPITAL HOLDINGS, LIMITED PARTNERSHIP
5 POST OAK AVENUE, SUITE 2250
HOUSTON, TEXAS 77027
(713) 892-5060
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(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON
AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS)
NOVEMBER 15, 1999
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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 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 [ ].
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Page 2 of 5 Pages
CUSIP No. 868157 10 8
- -----------------------
(1) Name of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
JOHN P. KOTTS (PRESIDENT OF KOTTS CAPITAL HOLDINGS, INC., WHICH IS THE
GENERAL PARTNER OF THE RECORD SHAREHOLDER, KOTTS CAPITAL HOLDINGS, LIMITED
PARTNERSHIP)
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(2) Check the Appropriate Box if a Member of a Group
(a) [ ] (b) [X]
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(3) SEC Use Only
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(4) Source of Funds 00
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(5) Check 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
NEVADA
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7 SOLE VOTING POWER
NUMBER OF 7,696,095 SHARES
SHARES ------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 0 SHARES
REPORTING
PERSON ------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
7,696,095 SHARES
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0 SHARES
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
7,696,095 SHARES
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
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(13) Percent of Class Represented by Amount in Row (11)
13.0%
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(14) Type of Reporting Person
PN
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Page 3 of 5 Pages
ITEM 1. SECURITY AND ISSUER.
(a) TITLE AND CLASS OF SECURITY: Common Stock, par value $.001
per share (the "Common Stock").
(b) ISSUER: Superior Energy Services, Inc.
1105 Peters Road
Harvey, Louisiana 70058
ITEM 2. IDENTITY AND BACKGROUND.
2(a) Name: Kotts Capital Holdings, Limited Partnership (a
Nevada limited partnership)
2(b) Address: 5 Post Oak Avenue, Suite 2250, Houston,
Texas 77027
2(c) Principal Business: Kotts Capital Holdings, Limited
Partnership is a privately held holding company, with
investments in various types of assets, including stock of
public and privately held companies, real estate, and other
holdings. The largest single asset of Kotts Capital
Holdings, Limited Partnership is its share holdings in
Superior Energy Services, Inc.
2(d) Criminal Convictions: Neither Mr. Kotts nor Kotts
Capital Holdings, Limited Partnership has, during the
past five years, been convicted in a criminal
proceeding (excluding traffic violations or similar
misdemeanors).
2(e) Violations of Federal or State Securities Laws:
Neither Mr. Kotts nor Kotts Capital Holdings, Limited
Partnership was, during the past five years, 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.
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Page 4 of 5 Pages
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The total 7,696,095 shares of Superior Energy Services, Inc. held by
Kotts Capital Holdings, Limited Partnership represent (a) 7,099,171 shares
acquired in exchange for shares of capital stock of Cardinal Holding
Corp., upon the merger of Cardinal Holding Corp. with a wholly-owned
subsidiary of Superior Energy Services, Inc., with no other consideration
being paid by Kotts Capital Holdings, Limited Partnership for such shares,
plus (b) 646,924 shares acquired pursuant to an Escrow Agreement between
Kotts Capital Holdings, Limited Partnership and certain other former
stockholders of Cardinal Holding Corp., pursuant to which such other
former stockholders placed such shares (constituting a portion of the
shares of Superior Energy Services, Inc. received by such former
stockholders in the merger) into escrow, and pursuant to which such shares
became transferable and were transferred to Kotts Capital Holdings,
Limited Partnership upon and by reason of the common stock of Superior
Energy Services, Inc. achieving a specified threshold market price, plus
(c) 10,000 shares acquired on January 21, 1997 in open market purchases at
an average price of $4.5315 per share, utilizing available funds on hand,
minus (d) an aggregate of 60,000 shares transferred to three individuals
upon exercise by such individuals, on or about November 15, 1999, of
rights to purchase such shares granted by Kotts Capital Holdings, Limited
Partnership to such individuals on May 15, 1999 (such rights having been
exercised at $1.50 per share).
ITEM 4. PURPOSE OF TRANSACTION.
As described in Item 3 above, substantially all of the subject
shares of Superior Energy Services, Inc. were acquired in or
by reason of a merger transaction, in exchange for shares of
Cardinal Holding Corp. previously held by Kotts Capital
Holdings, Limited Partnership. All of the shares of Superior
Energy Services, Inc. that are held by Kotts Capital Holdings,
Limited Partnership are held for investment purposes.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Information regarding the beneficial ownership of the Issuer's
securities by the person filing this statement can be found on page 2 of this
Schedule 13D.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None.
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Page 5 of 5 Pages
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: March 13, 2000 /s/ John P. Kotts
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John P. Kotts, as the President
of Kotts Capital Holdings, Inc.,
the general partner of Kotts
Capital Holdings, Limited
Partnership
