Shelby Williams Industries Inc – ‘SC 13D’ on 5/14/99 re: Shelby Williams Industries Inc

As of:  Friday, 5/14/99   ·   Accession #:  950131-99-3074   ·   File #:  5-35594

in

this entire Filing. an “Entity” Search.

Show

Documents searched

and

each “hit”. the 1st “hit”.

↓↑Hints

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

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D      Schedule 13D for Shelby Williams Industries, Inc.      8     32K 

Document Table of Contents

SC 13D
1st Page of 8
TOC
↑Top
Previous
Next
↓Bottom
Just 1st
 
UNITED STATES 

SECURITIES AND EXCHANGE COMMISSION  

WASHINGTON, D.C.  20549 

SCHEDULE 13D  

UNDER THE SECURITIES EXCHANGE ACT OF 1934 

(AMENDMENT NO.         7           )* 

SHELBY WILLIAMS INDUSTRIES, INC.  
--------------------------------------------------------------------------------

(Name of Issuer)  

Common Stock $.05 par value 
--------------------------------------------------------------------------------
(Title of Class of Securities)  

822135 10 9 
--------------------------------------------------------------------------------

(CUSIP Number)  

Walter Roth, D'Ancona & Pflaum  
111 East Wacker Drive, Suite 2800, Chicago, IL 60601  Tel.# (312) 580-2020      
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and 
Communications)                                                                 

May 5, 1999 
--------------------------------------------------------------------------------

(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 /  /.      

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
2nd Page of 8
TOC
1st
Previous
Next
↓Bottom
Just 2nd
SCHEDULE 13D  
-----------------------                                  ---------------------  
CUSIP NO. 822135 10 9                                      PAGE 2 OF 7 PAGES
-----------------------                                  ---------------------  

------------------------------------------------------------------------------  
NAME OF REPORTING PERSON                                            
1    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                        
MANFRED STEINFELD                                                   
------------------------------------------------------------------------------  
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                   
2                                                              (a) [_]        
                                                       (b) [x]
------------------------------------------------------------------------------  
SEC USE ONLY                                                        
3                                                                             

------------------------------------------------------------------------------  
SOURCE OF FUNDS*                                                    
4    N/A                                                                      

------------------------------------------------------------------------------  
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT   
TO ITEMS 2(d) or 2(e) [_]                                           
5    N/A                                                                      
------------------------------------------------------------------------------  
CITIZENSHIP OR PLACE OF ORGANIZATION                                
6    U.S.A.                                                                   

------------------------------------------------------------------------------  
SOLE VOTING POWER           
7    985,500                          
NUMBER OF                                                             

    SHARES       -----------------------------------------------------------
SHARED VOTING POWER         
BENEFICIALLY      8    57,553                                             

OWNED BY                                                              
                 -----------------------------------------------------------
EACH               SOLE DISPOSITIVE POWER                         
9    985,500                          
REPORTING                                                               

    PERSON       -----------------------------------------------------------
SHARED DISPOSITIVE POWER    
WITH          10   57,553                                         

------------------------------------------------------------------------------  
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON        
11    1,043,053                                                                 

------------------------------------------------------------------------------  
  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12                                                                              
[_]                                                                 

2 

SC 13D
3rd Page of 8
TOC
1st
Previous
Next
↓Bottom
Just 3rd
------------------------------------------------------------------------------  
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                  
13    11.9                                                                      

------------------------------------------------------------------------------  
TYPE OF REPORTING PERSON*                                           
14    IN                                                                        

------------------------------------------------------------------------------  
*SEE INSTRUCTIONS BEFORE FILLING OUT! 
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7  
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.  

3 

SC 13D
4th Page of 8
TOC
1st
Previous
Next
↓Bottom
Just 4th
ITEM 1.  SECURITY AND ISSUER.                                                   
-----------------------------                                                   

     This Amendment No. 7 to Schedule 13D relates to the shares of common stock,
$.05 par value of Shelby Williams Industries, Inc. (the "Company").  The address
of the principal executive offices of the Company is Suite 11-111, Merchandise  
Mart, Chicago, Illinois 60654.                                                  

ITEM 2. IDENTITY AND BACKGROUND.                                                
-------------------------------                                                 

(a) Manfred Steinfeld ("Steinfeld").                                  

(b) Suite 11-111, Merchandise Mart, Chicago, Illinois 60654.          

    (c) Steinfeld is Chairman of the Executive Committee of the Company, whose
principal business is the designing, manufacturing, and distribution of products
for the contract furniture business.                                            

(d) During the last five years, Steinfeld has not been convicted in a 
criminal proceeding (excluding traffic violations or similar misdemeanors).     

   (e) During the last five years, Steinfeld has not been 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.                                                           

(f) Steinfeld is a citizen of the United States of America.           

ITEM 3.  SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.                     
-----------------------------------------------------------                     

Not applicable.                                                       

ITEM 4.  PURPOSE OF TRANSACTION.                                                
--------------------------------                                                

   Items (a), (b), (d), (e), (f), (g), (h), (i) and (j) of Item 4 are hereby
amended as follows:                                                             

  This Amendment No. 7 relates to a tender offer by SY Acquisition Inc., a
Delaware corporation ("Purchaser" or "Offeror") and a wholly owned subsidiary of
Falcon Products, Inc., a Delaware corporation ("Parent" or "Falcon").  Purchaser
disclosed in a Tender Offer Statement on Schedule 14D-1 (the "Schedule 14D-1")  
dated May 12, 1999 its intention to purchase all outstanding Shares at a price  
of $16.50 per Share, net to the seller in cash, without interest thereon upon   
the terms and subject to the conditions set forth in the Offer to Purchase dated
May 12, 1999 (the "Offer to Purchase") and the related Letter of Transmittal    
(which, together with the Offer to Purchase and any amendments or supplements   
thereto, constitute the "Offer"). The Offer to Purchase and the Letter of       
Transmittal are filed as Exhibits 1 and 2, respectively, to this Amendment No. 7
to Schedule 13D and are incorporated herein by reference.                       

4 

SC 13D
5th Page of 8
TOC
1st
Previous
Next
↓Bottom
Just 5th
   The Offer is being made pursuant to an Agreement and Plan of Merger dated
as of May 5, 1999 among Falcon, Purchaser and the Company (the "Merger          
Agreement"). The Merger Agreement provides that, among other things, as soon as 
practicable after the consummation of the Offer and satisfaction or, if         
permissible, waiver of the conditions contained in the Merger Agreement,        
Purchaser shall be merged with and into the Company (the "Merger") in accordance
with the Delaware General Corporation Law ("DGCL"), the separate corporate      
existence of Purchaser shall cease, and the Company shall continue as the       
surviving corporation (the "Surviving Corporation"). A copy of the Merger       
Agreement is filed as Exhibit 3 to this Amendment No. 7 to Schedule 13D and is  
incorporated herein by reference.                                               

     As a condition and inducement to Parent's and Purchaser's entering into the
Merger Agreement and incurring the liabilities therein, Manfred Steinfeld       
entered into certain stockholder agreements concurrently with the execution and 
delivery of the Merger Agreement. The Stockholder Agreements are attached as    
Exhibits 4 and 5 to this Amendment No. 7 to Schedule 13D, and are hereby        
incorporated herein by reference. Pursuant to the Stockholder Agreements, Mr.   
Steinfeld has agreed, among other things, to grant Parent an irrevocable proxy  
for the term of the Stockholder Agreements with respect to the voting of the    
shares over which he has voting control (the "Shares") in favor of the Merger   
and against any other takeover proposal with respect to such Shares. Mr.        
Steinfeld has also agreed to tender his Shares upon the direction of Purchaser  
and not to withdraw his Shares so long as the Stockholder Agreements remain in  
effect. The Stockholders Agreements will terminate on the earlier of (i) the    
Effective Time and (ii) the termination of the Merger Agreement.                

  During the period ("Restricted Period") from May 5, 1999 through and
including the earlier of (i) the Effective Time, and (ii) the termination of the
Stockholder Agreements, Mr. Steinfeld has agreed not to: (A) except pursuant to 
the terms of the Stockholder Agreements and except for the tender of Shares in  
the Offer, offer for sale, sell, transfer, tender, pledge, encumber, assign or  
otherwise dispose of, or enter into any contract, option or other arrangement to
do so; (B) except pursuant to the terms of the Stockholder Agreements, grant any
proxies (other than proxies relating to the election of management's slate of   
directors at an annual meeting of the Company's stockholders, and other routine 
matters which would not require the filing of a preliminary proxy statement     
under Rule 14a-6(a) of the Exchange Act), or powers of attorney, deposit any of 
his Shares in a voting trust or enter into a voting agreement with respect to   
any of their Shares; or (C) take any action that would make any representation  
or warranty contained in the Stockholder Agreements untrue or incorrect or have 
the effect of impairing the ability of Mr. Steinfeld to perform his obligations 
under the applicable Stockholder Agreement or preventing or delaying the        
consummation of any of the transactions contemplated by the applicable          
Stockholder Agreement and the Merger Agreement.                                 

5 

SC 13D
6th Page of 8
TOC
1st
Previous
Next
↓Bottom
Just 6th
ITEM 5.  INTEREST IN SECURITIES OF THE ISSUER.                                  
---------------------------------------------                                   

   (a) Steinfeld owns beneficially 1,043,053 shares (11.9%) of the Company's
outstanding common stock, consisting of the following: (i) 300,000 shares held  
by The Fern and Manfred Steinfeld Charitable Remainder Trust UTA 10/17/95 (the  
"CRT"); (ii) 685,500 shares held by the Manfred Steinfeld Irrevocable Trust UTA 
9/5/97 (the "Living Trust"); (iii) 488 shares held by The Steinfeld Foundation, 
an Illinois not-for-profit corporation with three directors; and (iv) 57,065    
shares held by Steinfeld as one of four trustees of the Company's Employee Stock
Ownership Plan ("ESOP").  Steinfeld disclaims beneficial ownership of the shares
listed in (iii) and (iv) of the preceding sentence.                             

    (b) Steinfeld has sole power to vote and dispose of 985,500 shares; shared
voting and investment power with Fern Steinfeld (wife of Steinfeld) and Paul N. 
Steinfeld (son of Steinfeld) as to 488 shares held by The Steinfeld Foundation, 
of which Steinfeld, Fern Steinfeld and Paul N. Steinfeld are trustees; and      
shared voting and investment power with Paul N. Steinfeld, Robert P. Coulter and
Sam Ferrell, trustees, as to the 57,065 shares held by the trustees of the ESOP 
described in paragraph (a) above.  Steinfeld is settlor and a trustee of the CRT
with sole power as trustee to vote and dispose of the 300,000 shares of the     
Company's common stock held by the CRT; Fern Steinfeld is the other trustee of  
the CRT.  Paul N. Steinfeld is trustee of the Living Trust but does not possess 
voting or investment power with respect to shares of the Company's common stock 
held by the Living Trust; the Living Trust provides that, individually (and not 
in a fiduciary capacity), Steinfeld shall have the sole power with respect to   
any action or inaction concerning such shares, including but not limited to     
voting powers with respect to such shares and investment power, including the   
power to retain or dispose or direct the disposition of such shares.  The       
business address of Fern Steinfeld is the same as Steinfeld, and her present    
principal occupation is housewife.  The business address of each of Paul N.     
Steinfeld, Robert P. Coulter and Sam Ferrell is Shelby Williams Industries,     
Inc., 150 Shelby Williams Drive, Morristown, Tennessee 37813, and the present   
principal occupation of each such person is as an executive officer of the      
Company.  All of the persons identified in this paragraph are citizens of the   
United States of America and none has been involved during the last five years  
in any of the matters described in Item 2(d) or (e).                            

  (c) No transactions in the Shares have been effected in the last 60 days
by Mr. Steinfeld.                                                               

ITEM 6.  CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT  
TO SECURITIES OF THE ISSUER.                                                    

     Both the CRT and the Living Trust provide that Steinfeld retains sole power
to vote and dispose of shares of the Company held by said Trusts.  With respect 
to certain stockholder agreements entered into by Mr. Steinfeld regarding such  
shares, see Item 4 above.                                                       

ITEM 7.  MATERIAL TO BE FILED AS EXHIBITS.                                      
-----------------------------------------                                       

Exhibit 1    Offer to Purchase, dated May 12, 1999. (Incorporated by  
reference to Exhibit 1 to the Company's Schedule 14D-9, filed with the          
Commission on May 12, 1999).                                                    

     Exhibit 2    Letter of Transmittal. (Incorporated by reference to Exhibit 1
to the Company's Schedule 14D-9, filed with the  Commission on May 12, 1999).   

6 

SC 13D
7th Page of 8
TOC
1st
Previous
Next
↓Bottom
Just 7th
     Exhibit 3    Agreement and Plan of Merger, dated May 5, 1999, among Falcon,
Purchaser and the Company. (Incorporated by reference to Exhibit 3 to the       
Company's Schedule 14D-9, filed with the  Commission on May 12, 1999).          

  Exhibit 4    Stockholder Agreement, dated May 5, 1999, among The Manfred
Steinfeld Irrevocable Trust UTA 9/5/97, Manfred Steinfeld, Falcon and Purchaser.
(Incorporated by reference to Exhibit  8 to the Company's Schedule 14D-9, filed 
with the  Commission on May 12, 1999).                                          

   Exhibit 5    Stockholder Agreement, dated May 5, 1999, among The Fern and
Manfred Steinfeld Charitable Remainder Trust UTA 10/17/95, Manfred Steinfeld,   
Falcon and Purchaser. (Incorporated by reference to Exhibit 9 to the Company's  
Schedule 14D-9, filed with the  Commission on May 12, 1999).                    

Exhibit 6   Supplement to Merger Agreement, dated May 5, 1999.        
(Incorporated by reference to Exhibit 12 to the Company's Schedule 14D-9, filed 
with the  Commission on May 12, 1999).                                          

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: May 13, 1999                                                             

                               /s/ Manfred Steinfeld
                                 _______________________
                           Manfred Steinfeld

7 

SC 13D
Last Page of 8
TOC
1st
Previous
Next
↓Bottom
Just 8th
Exhibits to Amendment No. 7 to Schedule 13D 
of Manfred Steinfeld  relating to 
Shares of Shelby Williams Industries, Inc. (the "Company")  

Exhibit No.                                                                     
-----------                                                                     

Exhibit 1    Offer to Purchase, dated May 12, 1999. (Incorporated by  
reference to Exhibit 1 to the Company's Schedule 14D-9, filed with the          
Commission on May 12, 1999).                                                    

     Exhibit 2    Letter of Transmittal. (Incorporated by reference to Exhibit 1
to the Company's Schedule 14D-9, filed with the  Commission on May 12, 1999).   

     Exhibit 3    Agreement and Plan of Merger, dated May 5, 1999, among Falcon,
Purchaser and the Company. (Incorporated by reference to Exhibit 3 to the       
Company's Schedule 14D-9, filed with the  Commission on May 12, 1999).          

  Exhibit 4    Stockholder Agreement, dated May 5, 1999, among The Manfred
Steinfeld Irrevocable Trust UTA 9/5/97, Manfred Steinfeld, Falcon and Purchaser.
(Incorporated by reference to Exhibit  8 to the Company's Schedule 14D-9, filed 
with the  Commission on May 12, 1999).                                          

   Exhibit 5    Stockholder Agreement, dated May 5, 1999, among The Fern and
Manfred Steinfeld Charitable Remainder Trust UTA 10/17/95, Manfred Steinfeld,   
Falcon and Purchaser. (Incorporated by reference to Exhibit 9 to the Company's  
Schedule 14D-9, filed with the  Commission on May 12, 1999).                    

Exhibit 6   Supplement to Merger Agreement, dated May 5, 1999.        
(Incorporated by reference to Exhibit 12 to the Company's Schedule 14D-9, filed 
with the  Commission on May 12, 1999).                                          

8 

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘SC 13D’ Filing		Date		First		Last			Other Filings
Filed on:		5/14/99
		5/13/99		7
		5/12/99		4		8			8-K,  SC 13D,  SC 14D1,  SC 14D9,  SC 14F1
		5/5/99		1		8			8-K
									List all Filings