UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 8)
FOAMEX INTERNATIONAL INC.
(Name of Issuer)
Common Stock, $0.01 Par Value
(Title of Class of Securities)
344123-10-4
(CUSIP Number)
Philip N. Smith, Jr., Esq.
Trace International Holdings, Inc.
375 Park Avenue
11th Floor
New York, New York 10152
(212) 230-0400
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 6, 1998
(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 [ ].
Continued on following page(s)
Page 1 of 8 Pages
<PAGE>
SCHEDULE 13D
|-----------------------| |--------------------------|
|CUSIP Nos. 344123-10-4 | | Page 2 of 8 Pages |
|-----------------------| |--------------------------|
|----------------------------------------------------------------------------|
| 1 | NAME OF REPORTING PERSON |
| | S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON(ENTITIES ONLY)|
| | Trace International Holdings, Inc. |
| | 58-1080969 |
|---------|------------------------------------------------------------------|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] |
| | (b) [X] |
|---------|------------------------------------------------------------------|
| 3 | SEC USE ONLY |
| | |
|---------|------------------------------------------------------------------|
| 4 | SOURCE OF FUNDS* |
| | |
| | BK, 00 |
|---------|------------------------------------------------------------------|
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED |
| | PURSUANT TO ITEMS 2(d) or 2(e) [ ] |
|---------|------------------------------------------------------------------|
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | |
| | Delaware |
|----------------|-----|-----------------------------------------------------|
| | 7 | SOLE VOTING POWER |
| | | 4,474,753 |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | SHARED VOTING POWER |
| BENEFICIALLY | | 7,050,247 |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | SOLE DISPOSITIVE POWER |
| PERSON | | 4,474,753 |
| WITH |-----|-----------------------------------------------------|
| | 10 | SHARED DISPOSITIVE POWER |
| | | 7,050,247 |
|----------------------------------------------------------------------------|
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | |
| | 11,525,000 |
|---------|------------------------------------------------------------------|
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) |
| | EXCLUDES CERTAIN SHARES* [ ] |
| | |
|---------|------------------------------------------------------------------|
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
| | |
| | 46.1% |
|---------|------------------------------------------------------------------|
| 14 | TYPE OF REPORTING PERSON * |
| | CO |
| | |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
|-----------------------| |--------------------------|
|CUSIP Nos. 344123-10-4 | | Page 3 of 8 Pages |
|-----------------------| |--------------------------|
|----------------------------------------------------------------------------|
| 1 | NAME OF REPORTING PERSON |
| | S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON(ENTITIES ONLY)|
| | Trace Foam Sub, Inc. |
| | 13-3808758 |
|---------|------------------------------------------------------------------|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] |
| | (b) [X] |
|---------|------------------------------------------------------------------|
| 3 | SEC USE ONLY |
| | |
|---------|------------------------------------------------------------------|
| 4 | SOURCE OF FUNDS* |
| | |
| | 00 |
|---------|------------------------------------------------------------------|
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED |
| | PURSUANT TO ITEMS 2(d) or 2(e) [ ] |
|---------|------------------------------------------------------------------|
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | |
| | Delaware |
|----------------|-----|-----------------------------------------------------|
| | 7 | SOLE VOTING POWER |
| | | 0 |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | SHARED VOTING POWER |
| BENEFICIALLY | | 7,000,247 |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | SOLE DISPOSITIVE POWER |
| PERSON | | 0 |
| WITH |-----|-----------------------------------------------------|
| | 10 | SHARED DISPOSITIVE POWER |
| | | 7,000,247 |
|----------------------------------------------------------------------------|
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | |
| | 7,000,247 |
|---------|------------------------------------------------------------------|
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) |
| | EXCLUDES CERTAIN SHARES* [ ] |
| | |
|---------|------------------------------------------------------------------|
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
| | |
| | 28.0% |
|---------|------------------------------------------------------------------|
| 14 | TYPE OF REPORTING PERSON * |
| | CO |
| | |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
|-----------------------| |--------------------------|
|CUSIP Nos. 344123-10-4 | | Page 4 of 8 Pages |
|-----------------------| |--------------------------|
|----------------------------------------------------------------------------|
| 1 | NAME OF REPORTING PERSON |
| | S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON(ENTITIES ONLY)|
| | |
| | Marshall S. Cogan |
|---------|------------------------------------------------------------------|
| 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 |
| | |
| | United States of America |
|----------------|-----|-----------------------------------------------------|
| | 7 | SOLE VOTING POWER |
| | | 669,167 |
| NUMBER OF |-----|-----------------------------------------------------|
| SHARES | 8 | SHARED VOTING POWER |
| BENEFICIALLY | | 0 |
| OWNED BY EACH |-----|-----------------------------------------------------|
| REPORTING | 9 | SOLE DISPOSITIVE POWER |
| PERSON | | 669,167 |
| WITH |-----|-----------------------------------------------------|
| | 10 | SHARED DISPOSITIVE POWER |
| | | 0 |
|----------------------------------------------------------------------------|
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | |
| | 669,167 |
|---------|------------------------------------------------------------------|
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) |
| | EXCLUDES CERTAIN SHARES* [X] |
| | |
|---------|------------------------------------------------------------------|
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
| | |
| | 2.6% |
|---------|------------------------------------------------------------------|
| 14 | TYPE OF REPORTING PERSON * |
| | IN |
| | |
|----------------------------------------------------------------------------|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
This Amendment No. 8 to Schedule 13D is filed on behalf of Trace
International Holdings, Inc. ("Trace Holdings"), Trace Foam Sub, Inc. ("Trace
Foam Sub"), and Marshall S. Cogan, and amends and supplements the Schedule 13D,
dated December 14, 1993 (as amended, the "Schedule 13D"), as amended by
Amendment No. 1 thereto filed on December 23, 1994, Amendment No. 2 thereto
filed on March 6, 1995, Amendment No. 3 thereto filed on April 28, 1995,
Amendment No. 4 thereto filed on August 28, 1997, Amendment No. 5 thereto filed
on December 24, 1997, Amendment No. 6 thereto filed on March 16, 1998 and
Amendment No. 7 thereto filed on June 26, 1998, and is being filed pursuant to
Rule 13d-2 of the General Rules and Regulations under the Securities Exchange
Act of 1934, as amended (the "Exchange Act"). This Amendment No. 8 is being
filed to reflect the execution of an amendment to the Agreement and Plan of
Merger, dated June 25, 1998, entered into by Trace Holdings, Trace Merger Sub,
Inc., a wholly-owned subsidiary of Trace Holdings ("Merger Sub"), and the
Issuer.
The Schedule 13D is hereby amended as follows:
Item 4. Purpose of Transaction.
The following paragraph is added at the end of Item 4:
On July 6, 1998, Trace Holdings, Merger Sub, and the Issuer entered into
Amendment No. 1 to the Agreement and Plan of Merger, dated as of June 25, 1998
("Amendment No. 1"), which amended certain provisions of the Agreement and Plan
of Merger. A copy of Amendment No. 1 to the Agreement and Plan of Merger is
filed as Exhibit O to this Schedule 13D.
Item 7. Exhibits to be Filed.
The following is added to Item 7:
EXHIBIT O Amendment No. 1 to the Agreement and Plan of Merger, dated
as of June 25, 1998, by and among Trace International
Holdings, Inc., a Delaware corporation, Trace Merger Sub,
Inc., a Delaware corporation and wholly owned subsidiary of
Trace Holdings and Foamex International Inc., a Delaware
corporation, dated as of July 6, 1998.
Page 5 of 8 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.
TRACE INTERNATIONAL HOLDINGS, INC.
By: /s/ Marshall S. Cogan
---------------------
Name: Marshall S. Cogan
Title: Chairman and Chief Executive Officer
Date: July 21, 1998
Page 6 of 8 Page
<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.
TRACE FOAM SUB, INC.
By: /s/ Marshall S. Cogan
---------------------
Name: Marshall S. Cogan
Title: Chairman of the Board and President
Date: July 21, 1998
Page 7 of 8 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.
/s/ Marshall S. Cogan
---------------------
Marshall S. Cogan
Date: July 21, 1998
Page 8 of 8 Pages
EXHIBIT O
Amendment No. 1 to Agreement and Plan of Merger
This Amendment No. 1 (this "Amendment") to the Agreement and Plan of
Merger (the "Merger Agreement"), dated as of June 25, 1998, by and among Trace
International Holdings, Inc., a Delaware corporation ("Parent"), Trace Merger
Sub, Inc., a Delaware corporation("Sub"), and Foamex International Inc., a
Delaware corporation (the "Company"), is being entered into as of July 6, 1998.
WHEREAS, Parent, Sub and the Company desire to amend the Merger
Agreement;
NOW, THEREFORE, in consideration of the premises and for other good and
valuable consideration the receipt and sufficiency of which is hereby
acknowledged, the parties hereto, intending to be legally bound, hereby agree as
follows:
Section 1. Amendment to Section 5.1(e)(iii). Section 5.1(e)(iii) of the
Merger Agreement is hereby amended and restated as follows: "(iii) (A) enter
into or modify or amend any employment agreement or arrangement with any officer
or director of the Company or any of its Subsidiaries, other than in the
ordinary course of business consistent with past practice or (B) enter into or
modify or amend any severance agreement with, or grant any severance or
termination pay to, any officer or director of the Company or any of its
Subsidiaries, except in the ordinary course of business consistent with past
practice or as required by any applicable Legal Requirement or in connection
with the Crain restructuring or Contracts in effect on the date hereof; or".
Section 2. Amendment to Sections 5.1(g)(iii) and (iv). Sections
5.1(g)(iii) and (iv) of the Merger Agreement are hereby amended and restated as
follows: "(iii) assume, guarantee, endorse or otherwise become liable or
responsible (whether directly, contingently or otherwise) for any material
obligations of any other person (other than a Subsidiary of the Company or as
set forth on Section 5.1 of the Company's Disclosure Schedule); (iv) make any
loans, advances or capital contributions to, or investments in, any other person
(other than to the Subsidiaries of the Company, pursuant to the Merger Agreement
or as set forth on Section 5.1 of the Company's Disclosure Schedule (provided
the ownership structure of such Subsidiary has not changed from that existing on
the date hereof) or customary advances to employees); or".
Section 3. No Further Amendment. Except as otherwise provided herein,
the Merger Agreement shall remain unchanged and in full force and effect and as
amended hereby is ratified by the parties hereto.
<PAGE>
Section 4. Effect of Amendment. From and after the execution of this
Amendment by the parties hereto, any references to the Merger Agreement shall be
deemed a reference to the Merger Agreement as amended hereby.
Section 5. Governing Law. This Amendment and the legal relations
between the parties hereto will be governed by and construed in accordance with
the laws of the State of Delaware, without giving effect to the choice of law
principles thereof.
Section 6. Counterparts. This Amendment may be executed in any number
of counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.
Section 7. Descriptive Headings. The descriptive headings herein are
inserted for convenience of reference only and shall in no way be construed to
define, limit, describe, explain, modify, amplify, or add to the interpretation,
construction or meaning of any provision of, or scope or intent of, this
Amendment or the Merger Agreement nor in any way affect this Amendment or the
Merger Agreement.
- 2 -
<PAGE>
IN WITNESS WHEREOF, each of the undersigned has caused this Amendment
to be signed on his own behalf or by a duly authorized officer, as the case may
be, as of the date first above written.
TRACE INTERNATIONAL HOLDINGS, INC.
By: /s/ Philip N. Smith, Jr.
----------------------------
Name: Philip N. Smith, Jr.
Title: Senior Vice President
TRACE MERGER SUB, INC.
By: /s/ Tambra S. King
----------------------------
Name: Tambra S. King
Title: Vice President
FOAMEX INTERNATIONAL INC.
By: /s/ Andrea Farace
----------------------------
Name: Andrea Farace
Title: Chairman and Chief
Executive Officer
- 3 -
