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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. )*
SPRINGS INDUSTRIES, INC.
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(Name of Issuer)
$.25 Par Value Common Stock Class B
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(Title of Class of Securities)
851783-10-0
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(CUSIP Number)
Check the following box if a fee is being paid with this statement / /.
(A fee is not required only if the filing person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class
of securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
*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 in 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 8 Pages
AMENDMENT MATERIAL TO THE ORIGINAL FILINGS
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CUSIP NO. 851783-10-0 SCHEDULE 13G PAGE 2 OF 8 PAGES
--------------------- ----- -----
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
James Bradley
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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) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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(5) SOLE VOTING POWER
100 -- Class A
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(6) SHARED VOTING POWER
NUMBER OF 5,020,158 -- Class B
SHARES 3,392 -- Class A
BENEFICIALLY
OWNED BY --------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 100 -- Class A
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(8) SHARED DISPOSITIVE POWER
5,020,158 -- Class B
3,392 -- Class A
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,020,158 -- Class B*
3,492 -- Class A
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES* [ X ]
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
70% -- Class B
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(12) TYPE OF REPORTING PERSON*
IN
* Does not include Class A shares
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
December 31, 1999
PAGE 2 OF 8 PAGES
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
Introductory Comments
The following report is with respect to Class B stock. Filer owns
individually 100 shares of Class A stock. Filer also beneficially owns 3,392
shares of Class A stock in his role as one of fourteen (14) directors of Close
Foundation, Inc., a private foundation. These shares are held in an investment
fund managed by an investment company retained by the Foundation. Class B stock
carries voting privileges equal to four times those of Class A. Class A stock
may not convert to Class B, but Class B stock may convert to Class A at any
time. See 13G for year ending December 31, 1989 for information on rights of
Class A versus Class B stock.
At December 31, 1999, the Company reported that the outstanding shares of
Class A and Class B common stock were as follows:
Class A - 10,748,686
Class B - 7,156,663
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Total - 17,905,349
(End of Introductory Comments.)
December 31, 1999
Page 3 of 8 Pages
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SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
Item 1(a). Name of Issuer:
Springs Industries, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
205 North White Street
Fort Mill, South Carolina 29715
Item 2(a). Name of Person Filing:
James Bradley
Item 2(b). Address of Principal Business Office or, If None,
Residence:
1727 Mourning Dove Lane
Lancaster, SC 29720
Item 2(c). Citizenship:
United States of America
Item 2(d). Title of Class of Securities:
$.25 par value common stock Class A and B
Item 2(e). CUSIP Number:
851783-10-0
Item 3. Statement Regarding Rules 13d-1(b) or 13d-2(b):
Not Applicable.
December 31, 1999
Page 3 of 8 Pages
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Item 4. Ownership: *
(a) Amount Beneficially Owned:
Class B shares - 5,020,158
(b) Percent of Class:
Class B - 70%
(c) Number of shares as to which
such person has:
(i) sole power to vote or
direct the vote:
Class A - 100
(ii) shared power to vote or
direct the vote:
Class B - 5,020,158
Class A - 3,392
(iii) sole power to dispose or
direct the disposition of:
Class A - 100
(iv) shared power to dispose or
direct the disposition of:
Class B - 5,020,158
Class A - 3,392
Mr. Bradley disclaims beneficial ownership of all the shares shown
above.
* Mr. Bradley has shared power to vote and dispose of 3,392 shares of
Class A Stock of Close Foundation, Inc. as a director of said
Foundation, which are not reflected as beneficially owned above, and
100 shares of Class A stock which he beneficially owns. These shares
are referenced in paragraph (c) above, however, for purposes of full
disclosure.
December 31, 1999
Page 5 of 8 Pages
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In addition, The Springs Company, Lancaster, South Carolina, owns
beneficially 1,955,229 shares (or 27%) of such stock (including 553,299 shares
held as trustee for the children of Mrs. Anne S. Close); Kanawha Insurance
Company (formerly Central Reassurance Corporation), Lancaster, South Carolina,
owns beneficially 175,000 shares (or 2%) of such stock. All outstanding stock of
The Springs Company and Kanawha Insurance Company are owned by: trusts for the
benefit of members of Anne S. Close's family (including those trusts described
in Item 6); and by The Springs Company as trustee of management trusts for
certain members of Mrs. Close's family.
Mr. Bradley is a director of The Springs Company, and a director of
Kanawha Insurance Company.
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 shares shown in Item 4(c)(ii) and (iv), other than as provided
in subsection 2 below, are held by entities having the right to receive
dividends and proceeds of sale as follows:
December 31, 1999
Page 6 of 8 Pages
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1. (a) 2,150,021 Class B shares (or 30%) held by Mr. Bradley, Anne
Springs Close, and seven of the eight children of Mrs. Close (Crandall Close
Bowles, Frances A. Close, Leroy Springs Close, Patricia Close, Elliott Springs
Close, Hugh William Close, Jr., Derick Springsteen Close, and Katherine Anne
Close), as trustees for Mrs. Close's children (a child who is a tentative income
beneficiary of trusts holding Springs shares is not a trustee with respect to
such shares);
(b) 1,965,135 Class B shares (or 27%) held by Mrs. Close and Mr.
Bradley, as trustees for the children of Mrs. Close;
(c) 805,112 Class B shares (or 11%) held by Mrs. Crandall Close Bowles
and Mr. Bradley, as trustees for the children of Mrs. Close;
(d) 99,890 Class B shares (or 1%) held by Mr. Bradley and James H.
Hodges as trustees for Mrs. Bowles;
The trustees of these trusts described above may accumulate dividends
or sale proceeds or distribute them to the beneficiaries, except that the
beneficiaries of the trusts described in paragraphs (c) and (d) are entitled to
all dividends on the shares held in such trusts.
2. 3,392 shares are held by Close Foundation, Inc., a private
Foundation, of which Mr. Bradley, Close family members, and employees of
family-owned companies constitute the Board of Directors, and 100 Class A shares
are held by Mr. Bradley individually.
December 31, 1999
Page 7 of 8 Pages
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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 the Group:
Not Applicable.
Item 10. Certification:
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 9, 2000 THE SPRINGS COMPANY
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Harry B. Emerson, Secretary
December 31, 1999
Page 8 of 8 Pages
