SEC Info  
    Home      Search      My Interests      Help      Sign In      Please Sign In

DWG Acquisition Group LP, et al. – ‘SC 13D/A’ on 2/14/96 re: Wendy's Co

As of:  Wednesday, 2/14/96   ·   Accession #:  950142-96-46   ·   File #:  5-11818

Previous ‘SC 13D’:  ‘SC 13D’ on 1/26/95   ·   Next:  ‘SC 13D/A’ on 10/14/98   ·   Latest:  ‘SC 13D/A’ on 7/23/04

Find Words in Filings emoji
 
  in    Show  and   Hints

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 2/14/96  DWG Acquisition Group LP          SC 13D/A               6:470K Wendy’s Co                        Paul Weiss Ri… LLP 01/FA
          DWG Acquisition Group LP
          Nelson Peltz
          Peter W. May

Amendment to General Statement of Beneficial Ownership   —   Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D/A    Schedule 13D Amendment No. 7                          13     40K 
 2: EX-16       Letter re: Change in Certifying Accountant             5     12K 
 3: EX-17       Letter re: Departure of Director                       3      9K 
 4: EX-18       Letter re: Change in Accounting Principles            14     37K 
 5: EX-19       Report Furnished to Security Holders                   4     12K 
 6: EX-20       Other Document or Statement to Security Holders      155±   573K 


SC 13D/A   —   Schedule 13D Amendment No. 7
Document Table of Contents

Page (sequential) | (alphabetic) Top
 
11st Page   -   Filing Submission
5Statement
"Item 2. Identity and Background
"Item 2. Is Amended by Inserting the Following Sentence After
6Item 3. Source and Amount of Funds or Other Consideration
"Item 3. Is Amended by Deleting the Last Sentence of The
"Item 5. Interest in Securities of the Issuer
"Item 5. Is Amended and Restated in Its Entirety as Follows:
9Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to the Common Stock of the Issuer
"Item 6. Is Amended by Adding the Following Paragraph After The
10Item 6. Is Further Amended by Deleting the Last Paragraph
11Item 7. Material to Be Filed as Exhibits
"Item 7. Is Amended by Adding the Following at the End Thereof:
SC 13D/A1st Page of 13TOCTopPreviousNextBottomJust 1st
 

Page 1 of 13 Pages UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________ SCHEDULE 13D Under the Securities Exchange Act of 1934 (AMENDMENT NO. 7) _______________________ TRIARC COMPANIES, INC. (Name of Issuer) CLASS A COMMON STOCK, PAR VALUE $.10 PER SHARE (Title of Class of Securities) 895927 10 1 (CUSIP Number) _______________________ PETER W. MAY C/O TRIARC COMPANIES, INC. 900 THIRD AVENUE NEW YORK, N.Y. 10022 TEL. NO.: (212) 230-3000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) _______________________ JANUARY 31, 1996 (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 statement because of Rule 13d-1(b)(3) or (4), check the following box [ ]. Check the following box if a fee is being paid with the statement [ ]. (A fee is not required only if the reporting 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). Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. *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).
SC 13D/A2nd Page of 13TOC1stPreviousNextBottomJust 2nd
SCHEDULE 13D CUSIP NO. 895927 10 1 Page 2 of 13 Pages 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON DWG ACQUISITION GROUP, L.P. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ] (B) [ ] 3 SEC USE ONLY 4 SOURCE OF FUNDS WC (See Item 3) 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 NUMBER OF SHARES -0- (See Item 5) BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 8 SHARED VOTING POWER 5,982,867 (See Item 5) 9 SOLE DISPOSITIVE POWER -0- (See Item 5) 10 SHARED DISPOSITIVE POWER 5,982,867 (See Item 5) 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,982,867 (See Item 5) 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 25% (See Item 5) 14 TYPE OF REPORTING PERSON PN
SC 13D/A3rd Page of 13TOC1stPreviousNextBottomJust 3rd
SCHEDULE 13D CUSIP NO. 895927 10 1 Page 3 of 13 Pages 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON NELSON PELTZ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP(A) [ ] (B) [ ] 3 SEC USE ONLY 4 SOURCE OF FUNDS BK, PF (See Item 3) 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 NUMBER OF SHARES 637,100 (See Item 5) BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 8 SHARED VOTING POWER 5,982,867 (See Item 5) 9 SOLE DISPOSITIVE POWER 637,100 (See Item 5) 10 SHARED DISPOSITIVE POWER 5,982,867 (See Item 5) 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,619,767 (See Item 5) 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 27% (See Item 5) 14 TYPE OF REPORTING PERSON IN
SC 13D/A4th Page of 13TOC1stPreviousNextBottomJust 4th
SCHEDULE 13D CUSIP NO. 895927 10 1 Page 4 of 13 Pages 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON PETER W. MAY 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ] (B) [ ] 3 SEC USE ONLY 4 SOURCE OF FUNDS BK, PF (See Item 3) 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 NUMBER OF SHARES 433,466 (See Item 5) BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 8 SHARED VOTING POWER 5,982,867 (See Item 5) 9 SOLE DISPOSITIVE POWER 433,466 (See Item 5) 10 SHARED DISPOSITIVE POWER 5,982,867 (See Item 5) 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,416,333 (See Item 5) 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 26.4% (See Item 5) 14 TYPE OF REPORTING PERSON IN
SC 13D/A5th Page of 13TOC1stPreviousNextBottomJust 5th
CUSIP NO: 895927 10 1 PAGE 5 OF 13 PAGES AMENDMENT NO. 7 TO SCHEDULE 13D This Amendment No. 7 amends and supplements the Schedule 13D dated October 13, 1992 as amended and restated by Amendment No. 6 dated September 1, 1994 (as so amended and restated, the "Statement"), with respect to the Class A Common Stock (formerly Common Stock), par value $.10 per share (the "Common Stock"), of Triarc Companies, Inc., a Delaware corporation and successor by merger to Triarc Companies, Inc., an Ohio corporation formerly named DWG Corporation (the "Company"). Except as set forth below, there are no changes to the information set forth in the Statement. Capitalized terms used and not defined herein have the same meanings previously ascribed to them in the Statement. Item 2. IDENTITY AND BACKGROUND. ITEM 2 IS AMENDED BY INSERTING THE FOLLOWING SENTENCE AFTER THE FIRST SENTENCE OF THE SECOND PARAGRAPH THERETO: On January 1, 1995, the Partnership Agreement was amended to make Leon Kalvaria a limited partner in the Partnership. A copy of the amendment to the Partnership Agreement is filed as Exhibit 18 hereto.
SC 13D/A6th Page of 13TOC1stPreviousNextBottomJust 6th
CUSIP NO.: 895927 10 1 Page 6 of 13 Pages ITEM 2 IS FURTHER AMENDED BY REPLACING THE WORDS "EXHIBITS 4 AND 9" IN THE SECOND SENTENCE OF THE SECOND PARAGRAPH THEREOF WITH THE FOLLOWING: Exhibits 4, 9, 16, 17, 18 and 19 Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. ITEM 3 IS AMENDED BY DELETING THE LAST SENTENCE OF THE PENULTIMATE PARAGRAPH THEREOF AND SUBSTITUTING IN ITS PLACE THE FOLLOWING SENTENCE AND PARAGRAPHS: Mr. Peltz, Mr. May and the Purchaser disclaim beneficial ownership of such shares. On January 30, 1995, Mr. May purchased an additional 200 shares in open market purchases at a price of $12.75 per share; 100 of such shares were given as a gift to Mr. Peltz's minor daughter and the remaining 100 shares were given as a gift to a third party. Mr. Peltz, Mr. May and the Purchaser disclaim beneficial ownership of such shares. In November and December of 1994, Mr. May purchased with his own funds a total of 26,800 shares of Common Stock in open market purchases at a total cost of $325,112.50. In the same period, Mr. Peltz purchased with his own funds a total of 26,900 shares of Common Stock in open market purchases at a total cost of $326,362.50. Item 5. INTEREST IN SECURITIES OF THE ISSUER. ITEM 5 IS AMENDED AND RESTATED IN ITS ENTIRETY AS FOLLOWS:
SC 13D/A7th Page of 13TOC1stPreviousNextBottomJust 7th
CUSIP NO.: 895927 10 1 Page 7 of 13 Pages (a) through (c). As a result of the Acquisition, the Purchaser beneficially owns 5,982,867 shares of Common Stock, which represent approximately 25% of the outstanding shares of Common Stock as of October 31, 1995 (based on the Company's Quarterly Report on Form 10- Q for the quarter ended September 30, 1995). By virtue of their positions as general partners of the Purchaser, Messrs. Peltz and May may be deemed to own beneficially the 5,982,867 shares of Common Stock owned of record by the Purchaser. In such capacity, Messrs. Peltz and May may be deemed to share voting and dispositive power with the Purchaser and with each other with respect to such shares of Common Stock. On April 30, 1993, Mr. May purchased as a gift for a minor child of Mr. Peltz in an open market purchase an additional 100 shares of Common Stock at a price of $19.00 per share. On January 30, 1995, Mr. May purchased an additional 200 shares to be given as gifts in open market purchases at a price of $12.75 per share; 100 of such shares were given as a gift to Mr. Peltz's minor daughter and the remaining 100 shares were given as a gift to a third party. Mr. Peltz, Mr. May and the Purchaser disclaim beneficial ownership of such shares. In November and December of 1994, Mr. May purchased with his own funds a total of 26,800 shares of Common Stock in open market purchases at a total cost of $325,112.50. In the same period, Mr. Peltz purchased with
SC 13D/A8th Page of 13TOC1stPreviousNextBottomJust 8th
CUSIP NO.: 895927 10 1 Page 8 of 13 Pages his own funds a total of 26,900 shares of Common Stock in open market purchases at a total cost of $326,362.50. In addition to the foregoing, Messrs. Peltz and May beneficially own 610,000 and 406,666 shares of Common Stock, respectively, representing stock options that may be exercised within 60 days. As a result, Messrs. Peltz and May may be deemed to beneficially own an aggregate of 6,619,967 and 6,416,333 shares of Common Stock, representing approximately 27% and 26.4% of the outstanding shares of Common Stock as of October 31, 1995 (based upon the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 1995, plus the shares subject to the stock options that may be exercised by Messrs. Peltz and May within 60 days). On July 12, 1994, Messrs. Peltz and May entered into an agreement (the "Kalvaria Agreement") with Leon Kalvaria, Vice Chairman of the Company, as described in Item 5(d) below. The Kalvaria Agreement was terminated on January 1, 1995 and is of no further force and effect. Except as set forth above, no Reporting Person beneficially owns any shares of Common Stock or has effected any transaction in shares of Common Stock during the preceding 60 days. (d) On July 12, 1994, Messrs. Peltz and May entered into the Kalvaria Agreement, a copy of which was filed as Exhibit 14 to Amendment No. 6 to this Schedule 13D.
SC 13D/A9th Page of 13TOC1stPreviousNextBottomJust 9th
CUSIP NO.: 895927 10 1 Page 9 of 13 Pages The Kalvaria Agreement was terminated on January 1, 1995 and is of no further force and effect. Except as set forth above, to the best knowledge of the Reporting Persons, no person other than the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares. (e) Not applicable. Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO THE COMMON STOCK OF THE ISSUER. ITEM 6 IS AMENDED BY ADDING THE FOLLOWING PARAGRAPH AFTER THE FIRST PARAGRAPH THEREOF: On December 21, 1995, all shares of Common Stock previously pledged by the Purchaser to Citibank were released. On January 19, 1996, the Custodial Loans were repaid in full and all shares of Common Stock previously pledged by the Purchaser to Custodial Trust Company were released. On January 18, 1996, January 25, 1996 and January 31, 1996, Messrs. Peltz and May entered into certain loan documentation with respect to certain loans aggregating $60,000,000 (the "NationsBank Loans") made in the ordinary course of business to Messrs. Peltz and May by NationsBank, N.A. ("NationsBank"). The NationsBank Loans are revolving demand loans bearing interest at a rate based upon the London interbank offered rate and are secured by the 5,982,867 shares of Common Stock owned by the Purchaser and
SC 13D/A10th Page of 13TOC1stPreviousNextBottomJust 10th
CUSIP NO.: 895927 10 1 Page 10 of 13 Pages certain other assets owned by Messrs. Peltz and May. The loan documentation in connection with the NationsBank Loans contains standard default provisions and other provisions with respect to the shares of Common Stock pledged pursuant thereto. The documents evidencing the NationsBank Loans are filed as Exhibit 20 hereto and are incorporated herein by reference. ITEM 6 IS FURTHER AMENDED BY DELETING THE LAST PARAGRAPH THEREOF AND SUBSTITUTING IN LIEU THEREOF THE FOLLOWING: Except as described elsewhere in this Statement or as set forth in the Stock Purchase Agreement, the Exchange Agreement, the DWG Agreement, the Partnership Agreement, the Undertaking or the NationsBank Loan Documents, copies of which are filed respectively as Exhibits 1, 2, 3, 4, 8, 16-19 and 20 hereto, and are incorporated herein by reference, to the best knowledge of the Reporting Persons there exist no contracts, arrangements, understandings or relationships (legal or otherwise) among the Purchaser and Messrs. Peltz and May and between such persons and any person with respect to any securities of the Company, including but not limited to transfer or voting of any securities of the Company, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantee of profits, division of profits or loss, or the giving or withholding of proxies.
SC 13D/A11th Page of 13TOC1stPreviousNextBottomJust 11th
CUSIP NO.: 895927 10 1 Page 11 of 13 Pages Item 7. MATERIAL TO BE FILED AS EXHIBITS. ITEM 7 IS AMENDED BY ADDING THE FOLLOWING AT THE END THEREOF: 16. Amendment No. 1 dated as of November 15, 1992 to Agreement of Limited Partnership of the Purchaser. 17. Amendment No. 2 dated as of March 1, 1993 to Agreement of Limited Partnership of the Purchaser. 18. Amendment No. 4 dated as of January 1, 1995 to Agreement of Limited Partnership of the Purchaser. 19. Amendment No. 5 dated as of January 1, 1996 to Agreement of Limited Partnership of the Purchaser. 20. NationsBank Loan Documents (Exhibits and Schedules omitted)
SC 13D/A12th Page of 13TOC1stPreviousNextBottomJust 12th
CUSIP NO: 895927 10 1 PAGE 12 OF 13 PAGES SIGNATURES After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this Statement is true, complete and correct. Dated: February 14, 1996 DWG ACQUISITION GROUP, L.P. By: /S/ NELSON PELTZ ---------------------------- Name: Nelson Peltz Title: General Partner By: /S/ PETER W. MAY ---------------------------- Name: Peter W. May Title: General Partner /S/ NELSON PELTZ ---------------------------- Nelson Peltz /S/ PETER W. MAY ---------------------------- Peter W. May
SC 13D/ALast Page of 13TOC1stPreviousNextBottomJust 13th
CUSIP NO: 895927 10 1 PAGE 13 OF 13 PAGES EXHIBIT INDEX EXHIBIT DESCRIPTION PAGE NO. 16 Amendment No. 1 dated as of November 15, 14 1992 to Agreement of Limited Partnership of the Purchaser. 17 Amendment No. 2 dated as of March 1, 1993 19 to Agreement of Limited Partnership of the Purchaser. 18 Amendment No. 4 dated as of January 1, 1995 22 to Agreement of Limited Partnership of the Purchaser. 19 Amendment No. 5 dated as of January 1, 1996 36 to Agreement of Limited Partnership of the Purchaser. 20 NationsBank Loan Documents (Exhibits and 40 Schedules omitted).

Dates Referenced Herein   and   Documents Incorporated by Reference

Referenced-On Page
This ‘SC 13D/A’ Filing    Date First  Last      Other Filings
2/15/96
Filed on:2/14/9612
1/31/96198-K
1/25/9698-K
1/19/969
1/18/969
1/1/9611
12/21/959
10/31/9578
9/30/957810-Q
1/30/9567
1/1/95511
9/1/945
7/12/948
4/30/937
3/1/9311
11/15/9211
10/13/925
 List all Filings 
Top
Filing Submission 0000950142-96-000046   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
AboutPrivacyRedactionsHelp — Thu., May 9, 2:53:12.2pm ET