0000909518-01-500301.txt : 20011009
0000909518-01-500301.hdr.sgml : 20011009
ACCESSION NUMBER: 0000909518-01-500301
CONFORMED SUBMISSION TYPE: SC 13D/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20010921
GROUP MEMBERS: CHRISTOPHER N. O'SULLIVAN
GROUP MEMBERS: GLOBAL UNDERVALUED SECURITIES FUND, (QP), L.P.
GROUP MEMBERS: GLOBAL UNDERVALUED SECURITIES FUND, L.P.
GROUP MEMBERS: GLOBAL UNDERVALUED SECURITIES FUND, LTD.
GROUP MEMBERS: GLOBAL UNDERVALUED SECURITIES MASTER FUND, L.P.
GROUP MEMBERS: J. KENNETH PHILLIPS
GROUP MEMBERS: JOHN B. KLEINHEINZ
GROUP MEMBERS: KLEINHEINZ CAPITAL PARTNERS LDC
GROUP MEMBERS: KLEINHEINZ CAPITAL PARTNERS, INC.
GROUP MEMBERS: TIMOTHY J. GOLLIN
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: ICO INC
CENTRAL INDEX KEY: 0000353567
STANDARD INDUSTRIAL CLASSIFICATION: OIL, GAS FIELD SERVICES, NBC [1389]
IRS NUMBER: 760566682
STATE OF INCORPORATION: TX
FISCAL YEAR END: 0930
FILING VALUES:
FORM TYPE: SC 13D/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-34170
FILM NUMBER: 1742111
BUSINESS ADDRESS:
STREET 1: 5333 WESTHEIMER ROAD
STREET 2: SUITE 600
CITY: HOUSTON
STATE: TX
ZIP: 77056
BUSINESS PHONE: 7133514100
MAIL ADDRESS:
STREET 1: 5333 WESTHEIMER ROAD
STREET 2: SUITE 600
CITY: HOUSTON
STATE: TX
ZIP: 77056
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: TRAVIS STREET PARTNERS LLC
CENTRAL INDEX KEY: 0001130418
STANDARD INDUSTRIAL CLASSIFICATION: []
STATE OF INCORPORATION: TX
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
BUSINESS ADDRESS:
STREET 1: 910 TRAVIS STREET
STREET 2: SUITE 2150
CITY: HOUSTON
STATE: TX
ZIP: 77002
BUSINESS PHONE: 7137592030
MAIL ADDRESS:
STREET 1: 910 TRAVIS STREET
STREET 2: SUITE 2150
CITY: HOUSTON
STATE: TX
ZIP: 77002
SC 13D/A
1
a9-21sc13da9.txt
================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 9)
----------
ICO, INC.
(Name of Issuer)
Common Stock, with no par value 449294206
(Title of class of securities) (CUSIP number)
Christopher N. O'Sullivan
TRAVIS STREET PARTNERS, LLC
Bank One Center
910 Travis Street, Suite 2150
Houston, Texas 77002
(713) 759-2030
(Name, address and telephone number of person authorized
to receive notices and communications)
with copy to:
Weil, Gotshal & Manges LLP
700 Louisiana, Suite 1600
Houston, Texas 77002
(713) 546-5000
September 21, 2001
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box [_].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss. 240.13d-7 for other
parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 17 pages)
================================================================================
---------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Travis Street Partners,
LLC
SS OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON 76-0657668
---------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x]
(b) [_]
---------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
---------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
---------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Texas
---------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
---------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 1,158,300
OWNED BY
---------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
---------------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,158,300
---------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 1,158,300
---------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
---------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 5.11%
---------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: 00
---------------------------------------------------------------------------------------
2
---------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Timothy J. Gollin
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON ###-##-####
---------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x]
(b) [_]
---------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: PF, OO
---------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
---------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States
---------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
---------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 1,158,300
OWNED BY
---------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
---------------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,158,300
---------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 1,158,300
---------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
---------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 5.11%
---------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
---------------------------------------------------------------------------------------
3
---------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Christopher N. O'Sullivan
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON ###-##-####
---------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x]
(b) [_]
---------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: PF, OO
---------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
---------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States
---------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
---------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 1,158,300
OWNED BY
---------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
---------------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,158,300
---------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 1,158,300
---------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
---------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 5.11%
---------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
---------------------------------------------------------------------------------------
4
---------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Global Undervalued Securities
S.S. OR I.R.S. IDENTIFICATION NO. Master Fund, L,.P.
OF ABOVE PERSON 52-2294219
---------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x]
(b) [_]
---------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
---------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
---------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Cayman Islands
---------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
---------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 497,850
OWNED BY
---------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
---------------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 497,850
---------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 497,850
---------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
---------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 2.19%
---------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
---------------------------------------------------------------------------------------
5
---------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Global Undervalued Securities
S.S. OR I.R.S. IDENTIFICATION NO. Fund, L.P.
OF ABOVE PERSON 98-0167993
---------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x]
(b) [_]
---------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
---------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
---------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Cayman Islands
---------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
---------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 497,850
OWNED BY
---------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
---------------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 497,850
---------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 497,850
---------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
---------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 2.19%
---------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
---------------------------------------------------------------------------------------
6
---------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Global Undervalued Securities
S.S. OR I.R.S. IDENTIFICATION NO. Fund, Ltd.
OF ABOVE PERSON
---------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x]
(b) [_]
---------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
---------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
---------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Cayman Islands
---------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
---------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 497,850
OWNED BY
---------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
---------------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 497,850
---------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 497,850
---------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
---------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 2.19%
---------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
---------------------------------------------------------------------------------------
7
---------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Global Undervalued Securities
S.S. OR I.R.S. IDENTIFICATION NO. Fund, (QP), L.P.
OF ABOVE PERSON 52-2294217
---------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x]
(b) [_]
---------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
---------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
---------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Cayman Islands
---------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
---------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 497,850
OWNED BY
---------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
---------------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 497,850
---------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 497,850
---------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
---------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 2.19%
---------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
---------------------------------------------------------------------------------------
8
---------------------------------------------------------------------------------------
NAME OF REPORTING PERSON Kleinheinz Capital Partners
1 S.S. OR I.R.S. IDENTIFICATION NO. LDC
OF ABOVE PERSON 52-2294216
---------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x]
(b) [_]
---------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: AF
---------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
---------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Cayman Islands
---------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
---------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 497,850
OWNED BY
---------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
---------------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 497,850
---------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 497,850
---------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
---------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 2.19%
---------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
---------------------------------------------------------------------------------------
9
---------------------------------------------------------------------------------------
NAME OF REPORTING PERSON Kleinheinz Capital Partners,
1 S.S. OR I.R.S. IDENTIFICATION NO. Inc.
OF ABOVE PERSON 75-2633745
---------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x]
(b) [_]
---------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: AF
---------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
---------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Texas
---------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
---------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 497,850
OWNED BY
---------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
---------------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 497,850
---------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 497,850
---------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
---------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 2.19%
---------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
---------------------------------------------------------------------------------------
10
---------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON John B. Kleinheinz
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON ###-##-####
---------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x]
(b) [_]
---------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: AF
---------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
---------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States
---------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
---------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 497,850
OWNED BY
---------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
---------------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 497,850
---------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 497,850
---------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
---------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 2.19%
---------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
---------------------------------------------------------------------------------------
11
--------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON J. Kenneth Phillips
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON ###-##-####
--------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x]
(b) [_]
--------------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: AF
--------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
--------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States
--------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
--------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER 497,850
OWNED BY
--------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
--------------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 497,850
--------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING
PERSON: 497,850
--------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES: [_]
--------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 2.19%
--------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
--------------------------------------------------------------------------------------
12
This Amendment No. 9 ("Amendment No. 9") amends the Statement
on Schedule 13D filed on December 29, 2000 (the "Original Schedule 13D"), as
amended by Amendment No. 1 filed on January 12, 2001, Amendment No. 2 filed on
January 19, 2001, Amendment No. 3 filed on February 1, 2001, Amendment No. 4
filed on February 9, 2001, Amendment No. 5 filed on February 20, 2001, Amendment
No. 6 filed on April 11, 2001, Amendment No. 7 filed on May 9, 2001 and
Amendment No. 8 filed on June 7, 2001 (as amended, the "Schedule 13D") by and on
behalf of the following persons: Travis Street Partners, LLC ("TSP"), Timothy J.
Gollin ("Gollin"), Christopher N. O'Sullivan (individually "O'Sullivan";
together with Gollin, the "TSP Managers"; and together with Gollin and TSP, the
"TSP Reporting Persons"), Global Undervalued Securities Master Fund, L.P.
("Global"), Global Undervalued Securities Fund, L.P. ("Global L.P."), Global
Undervalued Securities Fund, Ltd. ("Global Ltd."), Global Undervalued Securities
Fund (QP), L.P. ("Global QP"), Kleinheinz Capital Partners LDC ("KC LDC"),
Kleinheinz Capital Partners, Inc., a Texas corporation ("KC Inc."), John B.
Kleinheinz ("Kleinheinz") and J. Kenneth Phillips (individually "Phillips";
together with Global, Global L.P., Global Ltd., Global QP, KC LDC, KC Inc. and
Kleinheinz, the "Global Reporting Persons"; and the Global Reporting Persons,
together with the TSP Reporting Persons the "Reporting Persons").
Except as otherwise indicated, capitalized terms used herein
and not defined herein have the meanings ascribed thereto in the Schedule 13D.
As used herein, the "Company" shall mean ICO, Inc.
ITEM 4. PURPOSE OF TRANSACTION
On August 6, 2001, ICO issued the following press release:
ICO Special Committee Recommends Against TSP Offer
A special committee of independent directors of ICO, Inc. has
recommended that ICO's board of directors not accept a
proposal from Travis Street Partners, LLC ("TSP") to acquire
ICO for $3.10 per share without certain revisions.
In an August 3 letter to TSP, the special committee said it
was recommending against the TSP proposal as currently
constructed because the proposal was contingent on the
successful completion of the previously- announced sale of
ICO's oilfield services division to Varco International, Inc.
on terms acceptable to TSP. Additionally, the special
committee objected to TSP's proposed breakup fee. The special
committee requested TSP to revise its offer to eliminate the
contingencies and provide a financing commitment letter to the
committee to enable it to make a reasonable evaluation.
Five of ICO's ten directors, including its president/CEO and
its vice chairman/CFO, are TSP investors. The special
committee consists solely of directors who are not affiliated
13
with TSP or with members of ICO's previous senior management,
which was replaced in June.
In its polymers group, ICO, Inc. engineers and produces
specialty polymers and provides polymer processing services.
In its oilfield services group, ICO provides tubular
inspection and coating services.
Statements regarding group outlook for Polymer Processing
Services, increases in exploration activity, increases in
demand for services, as well as any other statements that are
not historical facts in this release are forward-looking
statements under applicable securities laws and involve
certain risks, uncertainties and assumptions. These include
but are not limited to, demand for the Company's services and
products, business cycles and other conditions of the oil and
gas and petrochemical industries, prices of commodities,
acquisition risks, international risks, operational risks, and
other factors detailed in the Company's Form 10-K for the
fiscal year ended September 30, 2000, and its other filings
with the Securities and Exchange Commission. Should one or
more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may
vary materially from those indicated.
----------------------------
Following the issuance of such press release, TSP has
undertaken an evaluation of its investment in the Company and the courses of
action which TSP might pursue. As a result of such evaluation, TSP has
determined that, at the present time, it will not bid further to acquire the
Company, or any assets, divisions or businesses of the Company.
As previously noted, TSP and the Reporting Persons intend to
review their investment in the Company on a continuing basis and, depending on
various factors, including the Company's business, affairs and financial
position, other developments concerning the Company, the price level of the
Shares, conditions in the securities markets and general economic and industry
conditions, as well as other investment opportunities available to them, may in
the future take such actions with respect to their investment in the Company as
they deem appropriate in light of the circumstances existing from time to time,
including, without limitation, offering to acquire the Company or any of its
assets, divisions or businesses, although, as noted above, it is not the present
intention of TSP or any of the Reporting Persons to make any such offer. In
addition, the Reporting Persons may also acquire additional Shares (subject to
availability of Shares at prices deemed favorable) in the open market, in
privately negotiated transactions or otherwise, and may contact the Company, the
Company Representatives or other representatives of the Company or other persons
interested in the Company, including members of the ICO Board or financing
sources, for the purpose of discussing the Company.
Alternatively, while it is not the present intention of the
Reporting Persons to do so, the Reporting Persons reserve the right to dispose
of some or all of their Shares in the open market or in privately negotiated
transactions to one or more purchasers, or otherwise depending upon the course
of action that the Reporting Persons pursue, market conditions and other
factors.
14
Although the foregoing represents the range of activities
presently contemplated by the Reporting Persons with respect to the Shares, it
should be noted that the possible activities of the Reporting Persons are
subject to change at any time and it should not be assumed that the Reporting
Persons will take any of the foregoing actions.
Except as set forth above, as of the date of this Statement
none of the Reporting Persons has any plans or proposals, which relate to or
would result in any of the actions set forth in parts (a) through (j) of Item 4.
[The remainder of this page intentionally left blank.]
15
SIGNATURES
After reasonable inquiry and to the best of their knowledge
and belief, the undersigned certify that the information contained in this
Statement is true, complete and correct.
Dated: September 21, 2001
TRAVIS STREET PARTNERS, LLC
By: /s/ Christopher N. O'Sullivan
--------------------------------------------------------
Christopher N. O'Sullivan, Manager
/s/ Timothy J. Gollin
--------------------------------------------------------
Timothy J. Gollin
/s/ Christopher N. O'Sullivan
--------------------------------------------------------
Christopher N. O'Sullivan
GLOBAL UNDERVALUED SECURITIES MASTER FUND, L.P., a Cayman Islands
exempted limited partnership
By: Travis Street Partners, LLC
Attorney-in-Fact
By:/s/ Christopher N. O'Sullivan
----------------------------------------------------------
Christopher N. O'Sullivan, Manager
Global Undervalued Securities
Fund, L.P., a Cayman Islands exempted
limited partnership
By: Travis Street Partners, LLC
Attorney-in-Fact
By:/s/ Christopher N. O'Sullivan
----------------------------------------------------------
Christopher N. O'Sullivan, Manager
16
Global Undervalued Securities
Fund, Ltd., a Cayman Islands
exempted company
By: Travis Street Partners, LLC
Attorney-in-Fact
By: /s/ Christopher N. O'Sullivan
----------------------------------------------------------
Christopher N. O'Sullivan, Manager
Global Undervalued Securities
Fund (QP), L.P., a Cayman Islands
exempted limited partnership
By: Travis Street Partners, LLC
Attorney-in-Fact
By: /s/ Christopher N. O'Sullivan
----------------------------------------------------------
Christopher N. O'Sullivan, Manager
Kleinheinz Capital Partners LDC, a Cayman Islands exempted limited
duration company
By: Travis Street Partners, LLC
Attorney-in-Fact
By: /s/ Christopher N. O'Sullivan
----------------------------------------------------------
Christopher N. O'Sullivan, Manager
John B. Kleinheinz
By: Travis Street Partners, LLC
Attorney-in-Fact
By: /s/ Christopher N. O'Sullivan
----------------------------------------------------------
Christopher N. O'Sullivan, Manager
J. Kenneth Phillips
By: Travis Street Partners, LLC
Attorney-in-Fact
By: /s/ Christopher N. O'Sullivan
----------------------------------------------------------
Christopher N. O'Sullivan, Manager
17