-----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, Vdqx3pHJBk3/NiVrxjH17UjlfiqFKBWdeTsiLE5EEjkhsU4e9dttYw+hRRYMZEKY qPA30479uBvpM7iDXDXOaw== 0000902664-07-002059.txt : 20070620 0000902664-07-002059.hdr.sgml : 20070620 20070620171122 ACCESSION NUMBER: 0000902664-07-002059 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070620 DATE AS OF CHANGE: 20070620 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 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-37385 FILM NUMBER: 07931878 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: Venor Capital Management LP CENTRAL INDEX KEY: 0001399348 IRS NUMBER: 043816218 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 7 TIMES SQUARE STREET 2: SUITE 3505 CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 212-703-2132 MAIL ADDRESS: STREET 1: 7 TIMES SQUARE STREET 2: SUITE 3505 CITY: NEW YORK STATE: NY ZIP: 10036 SC 13G 1 sc13g.txt AEP INDUSTRIES INC. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ---------------- SCHEDULE 13G (Rule 13d-102) ---------------- INFORMATION TO BE INCLUDED IN STATEMENTS PURSUANT TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 1)* AEP Industries Inc. (Name of Issuer) Common Stock, $.0.01 par value (Title of Class of Securities) 001031103 (CUSIP Number) June 11, 2007 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] Rule 13d-1(d) - ----------- * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Schedule 13G PAGE 3 of 14 CUSIP No. 001031103 - ----------------------------------------------------------------------------- (1) NAME OF REPORTING PERSON Venor Capital Master Fund Ltd. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - ----------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [x] - ----------------------------------------------------------------------------- (3) SEC USE ONLY - ----------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - ----------------------------------------------------------------------------- NUMBER OF (5) SOLE VOTING POWER 0 SHARES ------------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 393,159 OWNED BY ------------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER 0 REPORTING ------------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER 393,159 - ----------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 393,159 - ----------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.2% - ----------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON CO - ----------------------------------------------------------------------------- Schedule 13G PAGE 4 of 14 CUSIP No. 001031103 - ----------------------------------------------------------------------------- (1) NAME OF REPORTING PERSON Venor Capital Management LP S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - ----------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [x] - ----------------------------------------------------------------------------- (3) SEC USE ONLY - ----------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------------------------------------------------------------------------- NUMBER OF (5) SOLE VOTING POWER 0 SHARES ------------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 393,159 OWNED BY _____________________________________________________________ EACH (7) SOLE DISPOSITIVE POWER 0 REPORTING ______________________________________________________________ PERSON WITH (8) SHARED DISPOSITIVE POWER 393,159 - ----------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 393,159 - ----------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.2% - ----------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON IA - ----------------------------------------------------------------------------- Schedule 13G PAGE 5 of 14 CUSIP No. 001031103 - ----------------------------------------------------------------------------- (1) NAME OF REPORTING PERSON Venor Capital Management GP LLC S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - ----------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [x] - ----------------------------------------------------------------------------- (3) SEC USE ONLY - ----------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------------------------------------------------------------------------- NUMBER OF (5) SOLE VOTING POWER 0 SHARES ------------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 393,159 OWNED BY _____________________________________________________________ EACH (7) SOLE DISPOSITIVE POWER 0 REPORTING ______________________________________________________________ PERSON WITH (8) SHARED DISPOSITIVE POWER 393,159 - ----------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 393,159 - ----------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.2% - ----------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON OO - ----------------------------------------------------------------------------- Schedule 13G PAGE 6 of 14 CUSIP No. 001031103 - ----------------------------------------------------------------------------- (1) NAME OF REPORTING PERSON Jeffrey Bersh S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - ----------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [x] - ----------------------------------------------------------------------------- (3) SEC USE ONLY - ----------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------------------------------------------------------------- NUMBER OF (5) SOLE VOTING POWER 0 SHARES ------------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 393,159 OWNED BY _____________________________________________________________ EACH (7) SOLE DISPOSITIVE POWER 0 REPORTING ______________________________________________________________ PERSON WITH (8) SHARED DISPOSITIVE POWER 393,159 - ----------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 393,159 - ----------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.2% - ----------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON IN - ----------------------------------------------------------------------------- Schedule 13G PAGE 7 of 14 CUSIP No. 001031103 - ----------------------------------------------------------------------------- (1) NAME OF REPORTING PERSON Michael Wartell S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - ----------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [x] - ----------------------------------------------------------------------------- (3) SEC USE ONLY - ----------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------------------------------------------------------------- NUMBER OF (5) SOLE VOTING POWER 0 SHARES -------------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 393,159 OWNED BY ______________________________________________________________ EACH (7) SOLE DISPOSITIVE POWER 0 REPORTING ______________________________________________________________ PERSON WITH (8) SHARED DISPOSITIVE POWER 393,159 - ----------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 393,159 - ----------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.2% - ----------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON IN - ----------------------------------------------------------------------------- Schedule 13G PAGE 8 of 14 CUSIP No. 001031103 ITEM 1(a). NAME OF ISSUER: AEP Industries Inc. ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 125 Phillips Ave, South Hackensack, NJ 07606. ITEMS 2(a), 2(b) and 2(c). NAME OF PERSON FILING, ADDRESS OF PRINCIPAL BUSINESS OFFICE AND CITIZENSHIP: This statement is filed by the entities and persons listed below, all of whom together are referred to herein as the "Reporting Persons": (i) Venor Capital Master Fund Ltd. ("Venor Capital Master Fund"), a Cayman Islands company, with respect to shares directly owned by it. (ii) Venor Capital Management LP("Venor Capital Management"), a Delaware limited partnership, as investment advisor to Venor Capital Master Fund, with respect to the Shares reported in this Schedule 13G held by certain investment funds managed by Venor Capital Management (the "Accounts"). (iii) Venor Capital Management GP LLC ("Venor Capital Management GP") a Delaware limited liability company, as general partner to Venor Capital Management with respect to the Shares reported in this Schedule 13G held by the Accounts. (iv) Jeffrey Bersh, as a managing member of Venor Capital Management GP, with respect to the Shares reported in this Schedule 13G held by the Accounts. (v) Michael Wartell, as a managing member of Venor Capital Management GP, with respect to the Shares reported in this Schedule 13G held by the Accounts. The citizenship of Venor Capital Master Fund, Venor Capital Management and Venor Capital Management GP is set forth above. Jeffrey Bersh and Michael Wartell are United States citizens. The address of the principal business office of each of the Reporting Persons is 7 Times Square, New York, NY 10036. The address of the principal business office of Venor Capital Master Fund is C/o International Fund Services (Ireland) Limited, Bishop's Square, 3rd Floor, Redmond's Hill, Dublin 2, Ireland. Schedule 13G PAGE 9 of 14 CUSIP No. 001031103 ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, $.01 par value ITEM 2(e). CUSIP NUMBER: 001031103 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO 13d-1(b) OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under Section 15 of the Act; (b) [ ] Bank as defined in Section 3(a)(6) of the Act; (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act; (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940; (e) [ ] Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940: see Rule 13d- 1(b)(1)(ii)(E); (f) [ ] Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see Rule 13d-1(b)(1)(ii)(F); (g) [ ] Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G); (h) [ ] Savings Associations as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) [ ] Church Plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940; or (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). IF THIS STATEMENT IS FILED PURSUANT TO Rule 13d-1(c), CHECK THIS BOX. [x] Schedule 13G PAGE 10 of 14 CUSIP No. 001031103 ITEM 4. OWNERSHIP. Venor Capital Management serves as principal investment manager to investment funds with respect to which it has voting and dispositive authority over the Shares reported in this Schedule 13G. Venor Capital Management GP is the general partner. As such, it may be deemed to control such entity and therefore may be deemed to be the beneficial owner of the Shares reported in this Schedule 13G. Mr. Jeffrey Bersh is a managing member of Venor Capital Management GP. As such, he may be deemed to control such entity and therefore may be deemed to be the beneficial owner of the Shares reported in this Schedule 13G. Mr. Michael Wartell is a managing member of Venor Capital Management GP. As such, he may be deemed to control such entity and therefore may be deemed to be the beneficial owner of the Shares reported in this Schedule 13G. Each of the Reporting Persons hereby, except for Venor Capital Master Fund, disclaims any beneficial ownership of any such Shares. A. Venor Capital Master Fund (a) Amount beneficially owned: 393,159 (b) Percent of class: 5.2% (All percentages herein are based on 7,549,775 shares of Common Stock reported to be outstanding as of June 6, 2007 as reported in the Company's 10-Q filed on June 11, 2007. (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 0 (ii) shared power to vote or to direct the vote 393,159 (iii) sole power to dispose or to direct the disposition of 0 (iv) shared power to dispose or to direct the disposition of 393,159 B. Venor Capital Management (a) Amount beneficially owned: 393,159 (b) Percent of class: 5.2% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 0 (ii) shared power to vote or to direct the vote 393,159 (iii) sole power to dispose or to direct the disposition 0 (iv) shared power to dispose or to direct the disposition of 393,159 C. Venor Capital Management GP (a) Amount beneficially owned: 393,159 (b) Percent of class: 5.2% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 0 (ii) shared power to vote or to direct the vote 393,159 Schedule 13G PAGE 11 of 14 CUSIP No. 001031103 (iii) sole power to dispose or to direct the disposition 0 (iv) shared power to dispose or to direct the disposition of 393,159 D. Jeffrey Bersh (a) Amount beneficially owned: 393,159 (b) Percent of class: 5.2% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 0 (ii) shared power to vote or to direct the vote 393,159 (iii) sole power to dispose or to direct the disposition of 0 (iv) shared power to dispose or to direct the disposition of 393,159 E. Michael Wartell (a) Amount beneficially owned: 393,159 (b) Percent of class: 5.2% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 0 (ii) shared power to vote or to direct the vote 393,159 (iii) sole power to dispose or to direct the disposition of 0 (iv) shared power to dispose or to direct the disposition of 393,159 Schedule 13G PAGE 12 of 14 CUSIP No. 001031103 ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. Not applicable. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. See Item 4. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. Not applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. See Item 4. ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Not applicable. ITEM 10. CERTIFICATION. (if filing pursuant to Rule 13d-1(c)) Each of the Reporting Persons hereby makes the following certification: By signing below each Reporting Person certifies that, to the best of its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and not held in connection with or as a participant in any transaction having that purpose or effect. Schedule 13G PAGE 13 of 14 CUSIP No. 001031103 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: June 21, 2007 /s/ Jeffrey Bersh ----------------------------------- Venor Capital Master Fund, Ltd. By: Jeffrey Bersh as Director /s/ Jeffrey Bersh ----------------------------------- Venor Capital Management, LP By: Venor Capital Management GP LLC as general partner By: Jeffrey Bersh as Managing Member /s/ Jeffrey Bersh ----------------------------------- Venor Capital Management GP LLC By: Jeffrey Bersh as Managing Member /s/ Jeffrey Bersh ----------------------------------- Jeffrey Bersh /s/ Michael Wartell ----------------------------------- Michael Wartell CUSIP No. 001031103 JOINT ACQUISITION STATEMENT PURSUANT TO RULE 13d-1(k) The undersigned acknowledge and agree that the foregoing statement on Schedule 13G, is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G, shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. 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 him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate. DATED: June 21, 2007 /s/ Jeffrey Bersh ----------------------------------- Venor Capital Master Fund, Ltd. By: Jeffrey Bersh as Director /s/ Jeffrey Bersh ----------------------------------- Venor Capital Management, LP By: Venor Capital Management GP LLC as general partner By: Jeffrey Bersh as Managing Member /s/ Jeffrey Bersh ----------------------------------- Venor Capital Management GP LLC By: Jeffrey Bersh as Managing Member /s/ Jeffrey Bersh ----------------------------------- Jeffrey Bersh /s/ Michael Wartell ----------------------------------- Michael Wartell -----END PRIVACY-ENHANCED MESSAGE-----