-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VXLW1HdyASF0wZJE22wO6pJXkY0muz+FSJg44MdWC3mht0S36W/HSmB0ZX6RpPQ2 fwANA9ZfI+gfN+8wO5nArg== 0000899140-06-001593.txt : 20061109 0000899140-06-001593.hdr.sgml : 20061109 20061109142922 ACCESSION NUMBER: 0000899140-06-001593 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20061109 DATE AS OF CHANGE: 20061109 GROUP MEMBERS: BRADLEY LOUIS RADOFF GROUP MEMBERS: DANIEL S. LOEB GROUP MEMBERS: THIRD POINT OFFSHORE FUND, LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AEP INDUSTRIES INC CENTRAL INDEX KEY: 0000785787 STANDARD INDUSTRIAL CLASSIFICATION: UNSUPPORTED PLASTICS FILM & SHEET [3081] IRS NUMBER: 221916107 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-37385 FILM NUMBER: 061201288 BUSINESS ADDRESS: STREET 1: 125 PHILLIPS AVE CITY: SOUTH HACKENSACK STATE: NJ ZIP: 07606 BUSINESS PHONE: 2016416600 MAIL ADDRESS: STREET 1: 125 PHILLIPS AVE CITY: SOUTH HACKENSACK STATE: NJ ZIP: 07606 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Third Point LLC CENTRAL INDEX KEY: 0001040273 IRS NUMBER: 133922602 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 390 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2122247400 MAIL ADDRESS: STREET 1: 390 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: THIRD POINT MANAGEMENT CO LLC DATE OF NAME CHANGE: 19970602 SC 13D/A 1 t3447776b.txt THIRD AMENDMENT SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Amendment No. 3) Under the Securities Exchange Act of 1934* AEP Industries Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 001031103 - -------------------------------------------------------------------------------- (CUSIP Number of Class of Securities) Daniel S. Loeb Third Point LLC 390 Park Avenue New York, NY 10022 (212) 224-7400 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) Copies to: Michael A. Schwartz, Esq. Willkie Farr & Gallagher LLP 787 Seventh Avenue New York, NY 10019-6099 (212) 728-8000 July 5, 2006 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Schedule) 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 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 Rule 240.13d-7 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). SCHEDULE 13D - -------------------------------- ------------------------------ CUSIP No. 001031103 Page 2 of 10 Pages - -------------------------------- ------------------------------ - ----------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Third Point LLC I.D. #13-3922602 - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ----------- -------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING 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 --------- ------------------------------------------------ BENEFICIALLY OWNED 8 SHARED VOTING POWER BY EACH REPORTING PERSON WITH 1,150,000 --------- ------------------------------------------------ 9 SOLE DISPOSITIVE POWER 0 --------- ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 1,150,000 - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 1,150,000 - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.7% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - ----------- -------------------------------------------------------------------- SCHEDULE 13D - -------------------------------- ------------------------------ CUSIP No. 001031103 Page 3 of 10 Pages - -------------------------------- ------------------------------ - ----------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Daniel S. Loeb - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ----------- -------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ----------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - --------------------- --------- ------------------------------------------------ 7 SOLE VOTING POWER 0 NUMBER OF SHARES --------- ------------------------------------------------ BENEFICIALLY OWNED 8 SHARED VOTING POWER BY EACH REPORTING PERSON WITH 1,150,000 --------- ------------------------------------------------ 9 SOLE DISPOSITIVE POWER 0 --------- ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 1,150,000 - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 1,150,000 - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.7% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ----------- -------------------------------------------------------------------- SCHEDULE 13D - -------------------------------- ------------------------------ CUSIP No. 001031103 Page 4 of 10 Pages - -------------------------------- ------------------------------ - ----------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Third Point Offshore Fund, Ltd. - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - ----------- -------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ----------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - --------------------- --------- ------------------------------------------------ 7 SOLE VOTING POWER 0 NUMBER OF SHARES --------- ------------------------------------------------ BENEFICIALLY OWNED 8 SHARED VOTING POWER BY EACH REPORTING PERSON WITH 806,600 --------- ------------------------------------------------ 9 SOLE DISPOSITIVE POWER 0 --------- ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 806,600 - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 806,600 - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.3% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - ----------- -------------------------------------------------------------------- SCHEDULE 13D - -------------------------------- ------------------------------ CUSIP No. 001031103 Page 5 of 10 Pages - -------------------------------- ------------------------------ - ----------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Bradley Louis Radoff - ----------- -------------------------------------------------------------------- 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 PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ----------- -------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - --------------------- --------- ------------------------------------------------ 7 SOLE VOTING POWER 0 NUMBER OF SHARES --------- ------------------------------------------------ BENEFICIALLY OWNED 8 SHARED VOTING POWER BY EACH REPORTING PERSON WITH 174,268 --------- ------------------------------------------------ 9 SOLE DISPOSITIVE POWER 0 --------- ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 174,268 - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 174,268 - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.2% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ----------- -------------------------------------------------------------------- This Amendment No. 3 (the "Amendment") is being filed in order to add Bradley Louis Radoff ("Mr. Radoff") as a Reporting Person. Mr. Radoff became an employee of the Management Company (as defined below) on July 5, 2006. The Amendment amends the Schedule 13D filed on February 14, 2005 (the "Original 13D", as amended by Amendment No. 1 thereto filed on April 21, 2006, and Amendment No. 2 thereto filed on August 3, 2006, and, collectively with this Amendment No. 3, the "Schedule 13D") and is being filed on behalf of Third Point LLC, a Delaware limited liability company (the "Management Company"), Third Point Offshore Fund, Ltd., a Cayman Islands limited liability exempted company (the "Offshore Fund"), Daniel S. Loeb, an individual ("Mr. Loeb", and together with the Offshore Fund and the Management Company, the "Third Point Reporting Persons"), and Bradley Louis Radoff, an individual ("Mr. Radoff" and, together with the Third Point Reporting Persons, the "Reporting Persons"). Unless the context otherwise requires, references herein to the "Common Stock" are to shares of common stock, par value $0.01 per share, of AEP Industries Inc., a Delaware corporation (the "Company"). The Management Company is the investment manager or adviser to a variety of hedge funds and managed accounts (such funds and accounts, collectively, including, but not limited to the Offshore Fund, the "Funds"). Mr. Loeb is the Chief Executive Officer of the Management Company. The Funds directly own the Common Stock to which this Schedule 13D relates, other than the Radoff Shares (as defined below), and the Third Point Reporting Persons may be deemed to have beneficial ownership over such Common Stock (other than the Radoff Shares), by virtue of their ownership or the authority granted to them by the Funds to vote and to dispose of the securities held by the Funds, including the Common Stock. The shares of Common Stock beneficially owned by Mr. Radoff include the Radoff Shares and shares of Common Stock owned by a hedge fund (the "Radoff Fund") over which Mr. Radoff exercises voting and dispositive power. Item 2. Identity and Background. Items 2 of the Schedule 13D is hereby amended by adding the following to the text thereof: (a) This statement is also filed by Mr. Radoff. (b) The address of the principal business and principal office of Mr. Radoff is 390 Park Avenue, New York, New York 10022. 6 (c) The principal business of Mr. Radoff is to act as a Portfolio Manager for the Management Company. (d) Mr. Radoff has not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) Mr Radoff has not, during the last five years, 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) Mr. Radoff is a United States citizen. Item 3. Source and Amount of Funds or Other Consideration. Item 3 of the Schedule 13D is hereby amended by adding the following to the text thereof: Mr. Radoff expended approximately $2,840,568 to acquire the 174,268 shares of Common Stock currently held by him. The source of such funds was a loan from Mr. Loeb, which has been paid in full from Mr. Radoff's personal funds. The Radoff Fund expended $1,759,030.21 of its own working capital to acquire the 68,000 shares of Common Stock owned by it on July 5, 2006. Item 4. Purpose of Transaction. Item 4 is hereby amended to reflect that Mr. Radoff became a Reporting Person as of July 5, 2006. Item 5. Interest in Securities of the Issuer. Item 5 of the Schedule 13D is hereby amended by adding the following to the text thereof: Mr. Radoff became an employee of the Management Company commencing on July 5, 2006. Due to the resulting relationship between the Third Point Reporting Persons and Mr. Radoff, including Mr. Radoff's coverage of the Company for the 7 Management Company, the Third Point Reporting Persons and Mr. Radoff may be deemed to be a group within the meaning of Rule 13d-5 under the Securities Exchange Act of 1934, as amended, as of such date. Mr. Radoff disclaims beneficial ownership of all shares of Common Stock beneficially owned by the Third Point Reporting Persons, and the Third Point Reporting Persons disclaim beneficial ownership over the Radoff Shares (as defined below). Although Mr. Radoff covers the Company for the Management Company in connection with his employment with the Management Company, Mr. Radoff does not have or share voting discretion with respect to the Common Stock beneficially owned by the Third Point Reporting Persons. (a) As of the date of this Amendment, Mr. Radoff directly beneficially owns 174,268 shares of Common Stock (the "Radoff Shares"), representing approximately 2.2% of the 7,846,219 shares of Common Stock outstanding as of September 6, 2006, as reported in the Company's Quarterly Report on Form 10-Q for the quarterly period ended July 31, 2006. As of July 5, 2006, Mr. Radoff beneficially owned 242,268 shares of Common Stock, representing approximately 3.1% of the outstanding Common Stock, consisting of the Radoff Shares and 68,000 shares of Common Stock directly owned by the Radoff Fund and over which Mr. Radoff exercised voting and dispositive power. (b) Mr. Radoff has sole voting and dispositive power over the Radoff Shares, which are held directly by him, and had shared voting and dispositive power over the 68,000 shares held by the Radoff Fund as of July 5, 2006. (c) Schedule C hereto sets forth certain information with respect to transactions in the Common Stock by the Radoff Fund since May 6, 2006, which is 60 days prior to the commencement of Mr. Radoff's employment with the Management Company. As a result of these transactions, the Radoff Fund no longer owns any shares of Common Stock. There were no transactions in the Common Stock by the Third Point Reporting Persons nor, to the best of their knowledge, any of their directors, executive officers, general partners or members since the most recent filing on Schedule 13D. Except as set forth above and on Schedule C there were no transactions in the Common Stock effected by Mr. Radoff or the Radoff Fund since May 6, 2006. 8 Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. Mr. Loeb extended a loan to Mr. Radoff in connection with his acquisition of the Radoff Shares, which loan was subsequently paid in full from Mr. Radoff's personal funds. Pursuant to Rule 13d-1(k) promulgated under the Exchange Act, the Reporting Persons have entered into a Joint Filing Agreement with respect to the joint filing of this statement and any amendments hereto, a copy of which is filed as Exhibit 99.1 hereto. Item 7. Material to be Filed as Exhibits. 99.1 Joint Filing Agreement, dated as of November 9, 2006, by and among the Third Point Reporting Persons and Mr. Radoff. [THE REMAINDER OF THIS PAGE LEFT INTENTIONALLY BLANK.] 9 SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: November 9, 2006 THIRD POINT LLC By: /s/ Daniel S. Loeb -------------------------------------------- Name: Daniel S. Loeb Title: Chief Executive Officer THIRD POINT OFFSHORE FUND, LTD. By: /s/ Daniel S. Loeb -------------------------------------------- Name: Daniel S. Loeb Title: Director /s/ Daniel S. Loeb ------------------------------------------------ Daniel S. Loeb /s/ Bradley Louis Radoff ------------------------------------------------ Bradley Louis Radoff [SIGNATURE PAGE TO AMENDMENT No. 3 TO SCHEDULE 13D WITH RESPECT TO AEP INDUSTRIES INC.]
Schedule C (Transactions by the Radoff Fund in Common Stock since May 6, 2006) Date Transaction Shares Price Per Share($) ---- ----------- ------ ------------------ - ------------------------ ---------------------------- --------------------------------- ----------------------------------- 6/20/06 SELL (8,500) 33.40 - ------------------------ ---------------------------- --------------------------------- ----------------------------------- 6/21/06 SELL (2,877) 33.28 - ------------------------ ---------------------------- --------------------------------- ----------------------------------- 08/8/06 SELL (4,781) 43.14 - ------------------------ ---------------------------- --------------------------------- ----------------------------------- 08/09/06 SELL (30,369) 42.42 - ------------------------ ---------------------------- --------------------------------- ----------------------------------- 08/10/06 SELL (24,500) 41.94 - ------------------------ ---------------------------- --------------------------------- ----------------------------------- 08/11/06 SELL (8,350) 41.42 - ------------------------ ---------------------------- --------------------------------- -----------------------------------
EX-99.1 3 t3447776c.txt JOINT FILING AGREEMENT Exhibit 99.1 JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)(1) The undersigned acknowledge and agree that the foregoing statement on Schedule 13D is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13D shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that it knows or has reason to believe that such information is inaccurate. This Agreement may be executed in any number of counterparts and all of such counterparts taken together shall constitute one and the same instrument. Dated: November 9, 2006 THIRD POINT LLC By: /s/ Daniel S. Loeb -------------------------------------------- Name: Daniel S. Loeb Title: Chief Executive Officer THIRD POINT OFFSHORE FUND, LTD. By: /s/ Daniel S. Loeb -------------------------------------------- Name: Daniel S. Loeb Title: Director /s/ Daniel S. Loeb ------------------------------------------------ Daniel S. Loeb /s/ Bradley Louis Radoff ------------------------------------------------ Bradley Louis Radoff [JOINT FILING AGREEMENT FOR AMENDMENT No. 3 TO SCHEDULE 13D WITH RESPECT TO AEP INDUSTRIES INC.] -----END PRIVACY-ENHANCED MESSAGE-----