-----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, KeBiqkiNYGHBeA09/iS8BMovzCBmEd1kPIhjuNiYqf5KBXTNSeOhKgx3RQ7mDCNi OtuwlwKxs1MEIZbHHiAvQg== 0000806085-04-000223.txt : 20041210 0000806085-04-000223.hdr.sgml : 20041210 20041210163205 ACCESSION NUMBER: 0000806085-04-000223 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20041210 DATE AS OF CHANGE: 20041210 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: IMPERIAL SUGAR CO /NEW/ CENTRAL INDEX KEY: 0000831327 STANDARD INDUSTRIAL CLASSIFICATION: SUGAR & CONFECTIONERY PRODUCTS [2060] IRS NUMBER: 740704500 STATE OF INCORPORATION: TX FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-39663 FILM NUMBER: 041196728 BUSINESS ADDRESS: STREET 1: ONE IMPERIAL SQ STE 200 STREET 2: P O BOX 9 CITY: SUGAR LAND STATE: TX ZIP: 77487 BUSINESS PHONE: 2814919181 FORMER COMPANY: FORMER CONFORMED NAME: IMPERIAL HOLLY CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: IMPERIAL SUGAR CO /TX/ DATE OF NAME CHANGE: 19880606 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LEHMAN BROTHERS HOLDINGS INC CENTRAL INDEX KEY: 0000806085 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] IRS NUMBER: 133216325 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: LEHMAN BROTHERS STREET 2: 745 SEVENTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2125267000 MAIL ADDRESS: STREET 1: LEHMAN BROTHERS STREET 2: 745 SEVENTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: SHEARSON LEHMAN HUTTON HOLDINGS INC DATE OF NAME CHANGE: 19901017 SC 13D/A 1 f04-12_0313da3ipsu.txt IPSU AMENDMENT NO. 3 TO SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Amendment No. 3) Under the Securities Exchange Act of 1934 Imperial Sugar Company (Name of Issuer) Common Stock (Title of Class of Securities) 453096 20 8 (CUSIP Number) Jeffrey A. Welikson Senior Vice President and Corporate Secretary Lehman Brothers Holdings Inc. 745 Seventh Avenue New York, NY 10019 (212) 526-0858 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 3, 2004 (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 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. * 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. 453096 20 8 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Lehman Brothers Holdings Inc. 13-3216325 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [ ] 3. SEC Use Only 4. Source of Funds (See Instructions) N/A 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] 6. Citizenship or Place of Organization Delaware Number of 7. Sole Voting Power Shares 3,283,406 Beneficially Owned by Each Reporting Person With 8. Shared Voting Power 0 9. Sole Dispositive Power 3,283,406 10. Shared Dispositive Power 0 11. Aggregate Amount Beneficially Owned by Each Reporting Person 3,283,406 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] 13. Percent of Class Represented by Amount in Row (11) 32.56%* 14. Type of Reporting Person (See Instructions) HC/CO - -------- * Based on 10,083,743 outstanding shares of Common Stock of Imperial Sugar Company that are eligible to vote as of September 30, 2004. * Based on 10,083,743 outstanding shares of Common Stock of Imperial Sugar Company that are eligible to vote as of September 30, 2004. SCHEDULE 13D CUSIP No. 453096 20 8 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Lehman Brothers Inc. 13-2518466 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [ ] 3. SEC Use Only 4. Source of Funds (See Instructions) N/A 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] 6. Citizenship or Place of Organization Delaware Number of 7. Sole Voting Power Shares 3,283,406 Beneficially Owned by Each Reporting Person With 8. Shared Voting Power 0 9. Sole Dispositive Power 3,283,406 10. Shared Dispositive Power 0 11. Aggregate Amount Beneficially Owned by Each Reporting Person 3,283,406 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] 13. Percent of Class Represented by Amount in Row (11) 32.56%* 14. Type of Reporting Person (See Instructions) BD/CO - -------- * Based on 10,083,743 outstanding shares of Common Stock of Imperial Sugar Company that are eligible to vote as of September 30, 2004. * Based on 10,083,743 outstanding shares of Common Stock of Imperial Sugar Company that are eligible to vote as of September 30, 2004. Item 1. Security and Issuer. This Statement relates to the Common Stock, no par value per share (the "Common Stock"), of Imperial Sugar Company, a Texas corporation ("Imperial"). The address of the principal executive offices of Imperial is One Imperial Square, Suite 200, P.O. Box 9, Sugar Land, Texas 77487-0009. Item 2. Identity and Background. This Statement is filed on behalf of the following entities, which are collectively referred to as the "Reporting Persons" in this Statement: Lehman Brothers Holdings Inc., a Delaware corporation ("Holdings"), 745 Seventh Avenue New York, NY 10019 Holdings, through its domestic and foreign subsidiaries, is one of the leading global investment banks, serving institutional, corporate, government and high-net-worth individual clients and customers. Lehman Brothers Inc., a Delaware corporation ("LBI"), 745 Seventh Avenue New York, NY 10019 LBI is a broker-dealer registered under Section 15 of the Act and is a direct wholly owned subsidiary of Holdings. The names, residence or business addresses, citizenship and present principal occupations or employment of the executive officers and directors of the Reporting Persons are set forth in Appendix A hereto. Neither of the Reporting Persons, nor to the best knowledge of the Reporting Persons, any of the persons listed in Appendix A hereto, during the last five years (i) has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) except as set forth in Appendix B attached hereto and incorporated herein by reference has 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 mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. The Reporting Persons may be deemed to constitute a "group" for the purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the "Act"). The Reporting Persons expressly disclaim that they have agreed to act as a group other than as described in this Statement. The Reporting Persons have entered into a Joint Filing Agreement, a copy of which is filed with this Statement as Exhibit 1 (which is incorporated herein by reference), pursuant to which the Reporting Persons have agreed to file this Statement jointly in accordance with the provisions of Rule 13d-1(f)(1) promulgated under the Act. Item 3. Source and Amount of Funds or Other Consideration. No change. Item 4. Purpose of Transaction. No change except as set forth below. As 289,957 shares remain undistributed under Imperial's Second Amended and Restated Plan of Reorganization (the "Plan") pending resolution of various claims and objections, LBI expects that further distributions will be made under the Plan from time to time. If the maximum number of shares which could be distributed to LBI under the Plan upon resolution and satisfaction of all claims and objections is so distributed, LBI would own approximately 32.60% of the shares of Common Stock that would then be outstanding. . A director of Imperial, John Sweeney, is employed by LBI and is a Managing Director thereof. Mr. Sweeney and the other directors of Imperial have received, and it is expected that they will in the future from time to time receive, options to purchase shares of Common Stock. Under the terms of Mr. Sweeney's employment with LBI, he is required to surrender to LBI any compensation (including stock and options) received in his capacity as a director of Imperial. On February 28, 2003 Imperial granted to Mr. Sweeney options to purchase 5,000 shares of Common Stock at an exercise price of $5.575 per share. The options vest in four equal annual installments beginning on February 28, 2003, subject to continued service and to acceleration of certain events, including a change of control of Imperial. On February 4, 2004, Imperial granted to Mr. Sweeney options to purchase 5,000 shares of Common Stock at an exercise price of $13.825 per share. The options vest in four equal annual installments beginning on February 4, 2004, subject to continued service and to acceleration of certain events, including a change of control of Imperial. Options to purchase a total of 40,000 shares of Common Stock have been granted to Mr. Sweeney, of which options to purchase 36,250 shares are vested and exercisable (or will be within 60 days after the date of this report) and are included in the total number of shares reported herein. Mr. Sweeney disclaims beneficial ownership of all such options and underlying shares and the other shares reported herein. Each of the Reporting Persons expects to evaluate on an ongoing basis Imperial's financial condition, business, operations and prospects, the market price of the Common Stock, conditions in the securities markets generally, general economic and industry conditions and other factors. Accordingly, each Reporting Person reserves the right to change its plans and intentions at any time, as it deems appropriate. In particular, either or both of the Reporting Persons (and their respective affiliates) may purchase additional shares of Common Stock or other securities of Imperial or may sell or transfer shares of Common Stock beneficially owned by them from time to time in public or private transactions and/or may enter into privately negotiated derivative transactions with institutional counterparties to hedge the market risk of some or all their positions in the shares of Common Stock or other securities. Any such transactions may be effected at any time or from time to time subject to any applicable limitations imposed on the sale of Imperial securities by the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder or other applicable law. To the knowledge of each Reporting Person, each of the persons listed on Appendix A hereto may make similar evaluations from time to time or on an ongoing basis. References to, and descriptions of, the Plan in this Item are qualified in their entirety by reference to the copy of the Plan which is filed as Exhibit 2 to this Statement and which is incorporated by reference in this Item in its entirety where such references and descriptions appear. Item 5. Interest in Securities of the Issuer. The information set forth, or incorporated by reference, in Items 3, 4 and 6 of this Statement is hereby incorporated by reference. (a) Based on information obtained from Imperial there were 10,083,743 shares of Common Stock eligible to vote as of September 30, 2004. As of the date hereof, LBI beneficially owns 3,283,406 shares of Common Stock, representing 32.56% of the outstanding shares of Common Stock eligible to vote. Holdings may be deemed to beneficially own, by virtue of its ownership of LBI as described above, the same 3,283,406 shares of Common Stock, representing 32.56% of the outstanding shares of Common Stock. To the knowledge of the Reporting Persons, no person listed on Appendix A beneficially owns any shares of Common Stock. (b) LBI has sole power to vote or direct the vote and to dispose or to direct the disposition of the Common Stock beneficially owned by it as indicated above. Holdings, by virtue of its ownership of LBI as described above, may be deemed to have the power to vote or direct the vote and to dispose or to direct the disposition of the Common Stock beneficially owned by LBI as indicated above. (c) Except as described in this Schedule 13D, no transactions in the shares of Common Stock were effected by the Reporting Persons, or to their knowledge, any of the persons listed on Appendix A hereto, during the past sixty days. (d) No other person is known by any Reporting Person to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any share of Common Stock beneficially owned by any Reporting Person. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. No change. Item 7. Material to be Filed as Exhibits. Exhibit Description 1 Joint Filing Agreement, dated January 28, 2002, between Lehman Brothers Holdings Inc. and Lehman Brothers Inc. (incorporated by reference to Exhibit 1 of the Reporting Persons' Schedule 13D with respect to the Issuer filed January 28, 2002). 2 Debtors' Second Amended and Restated Joint Plan of Reorganization dated June 5, 2001 (incorporated by reference to Exhibit 4.1 of Imperial Sugar Company's Periodic Report on Form 8-K dated August 29,2001). 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: December 10, 2004 LEHMAN BROTHERS HOLDINGS INC. By: /s/ Barrett S. DiPaolo ---------------------------------- Name: Barrett S. DiPaolo Title: Vice President LEHMAN BROTHERS INC. By: /s/ Barrett S. DiPaolo ---------------------------------- Name: Barrett S. DiPaolo Title: Senior Vice President Appendix A LEHMAN BROTHERS HOLDINGS INC. BOARD OF DIRECTORS NAME/TITLE BUSINESS ADDRESS MICHAEL L. AINSLIE Lehman Brothers Holdings Inc. Private Investor and former 745 Seventh Avenue President and Chief Executive New York, NY 10019 Officer of Sotheby's Holdings JOHN F. AKERS Lehman Brothers Holdings Inc. Retired Chairman of International 745 Seventh Avenue Business Machines Corporation New York, NY 10019 ROGER S. BERLIND Lehman Brothers Holdings Inc. Theatrical Producer 745 Seventh Avenue New York, NY 10019 THOMAS H. CRUIKSHANK Lehman Brothers Holdings Inc. Retired Chairman and Chief Executive 745 Seventh Avenue Officer of Halliburton Company New York, NY 10019 MARSHA JOHNSON EVANS Lehman Brothers Holdings Inc. President of American Red Cross 745 Seventh Avenue New York, NY 10019 RICHARD S. FULD, JR. Lehman Brothers Holdings Inc. Chairman and Chief Executive Officer 745 Seventh Avenue New York, NY 10019 SIR CHRISTOPHER GENT Lehman Brothers Holdings Inc. Deputy Chairman of GlaxoSmithKline 745 Seventh Avenue plc effective January 1, 2005 New York, NY 10019 HENRY KAUFMAN Lehman Brothers Holdings Inc. President of Henry Kaufman 745 Seventh Avenue & Company, Inc. New York, NY 10019 JOHN D. MACOMBER Lehman Brothers Holdings Inc. Principal of JDM Investment Group 745 Seventh Avenue New York, NY 10019 DINA MERRILL Lehman Brothers Holdings Inc. Director and Vice Chairman 745 Seventh Avenue of RKO Pictures, Inc. and Actress New York, NY 10019 All of the above individuals are citizens of the United States, except for Sir Christopher Gent, who is a citizen of the United Kingdom. LEHMAN BROTHERS HOLDINGS INC. EXECUTIVE OFFICERS NAME/TITLE BUSINESS ADDRESS RICHARD S. FULD, JR. Lehman Brothers Holdings Inc. Chairman and Chief Executive Officer 745 Seventh Avenue New York, NY 10019 JONATHAN E. BEYMAN Chief of Operations and Technology Lehman Brothers Holdings Inc. 745 Seventh Avenue New York, NY 10019 DAVID GOLDFARB Lehman Brothers Holdings Inc. Chief Administrative Officer 745 Seventh Avenue New York, NY 10019 JOSEPH M. GREGORY Lehman Brothers Holdings Inc. President and Chief Operating Officer 745 Seventh Avenue New York, NY 10019 CHRISTOPHER O'MEARA Lehman Brothers Holdings Inc. Chief Financial Officer and Controller 745 Seventh Avenue New York, NY 10019 THOMAS A. RUSSO Lehman Brothers Holdings Inc. Chief Legal Officer 745 Seventh Avenue New York, NY 10019 All above individuals are citizens of the United States. LEHMAN BROTHERS INC. BOARD OF DIRECTORS NAME/TITLE BUSINESS ADDRESS HOWARD L. CLARK, JR. Lehman Brothers Holdings Inc. Vice Chairman 745 Seventh Avenue New York, NY 10019 THOMAS A CRUIKSHANK Lehman Brothers Holdings Inc. Retired Chairman and Chief 745 Seventh Avenue Executive Officer of Halliburton New York, New york 10019 Company FREDERICK FRANK Lehman Brothers Holdings Inc. Vice Chairman 745 Seventh Avenue New York, NY 10019 RICHARD S. FULD, JR. Lehman Brothers Holdings Inc. Chairman and Chief Executive Officer 745 Seventh Avenue New York, NY 10019 HARVEY M. KRUEGER Lehman Brothers Holdings Inc. Vice Chairman 745 Seventh Avenue New York, NY 10019 All above individuals are citizens of the United States. LEHMAN BROTHERS INC. EXECUTIVE OFFICERS NAME/TITLE BUSINESS ADDRESS RICHARD S. FULD, JR. Lehman Brothers Holdings Inc. Chairman and Chief Executive Officer 745 Seventh Avenue New York, NY 10019 JONATHAN E. BEYMAN Chief of Operations and Technology Lehman Brothers Holdings Inc. 745 Seventh Avenue New York, NY 10019 DAVID GOLDFARB Lehman Brothers Holdings Inc. Chief Administrative Officer 745 Seventh Avenue New York, NY 10019 JOSEPH M. GREGORY Lehman Brothers Holdings Inc. President and Chief Operating Officer 745 Seventh Avenue New York, NY 10019 CHRISTOPHER O'MEARA Lehman Brothers Holdings Inc. Chief Financial Officer and Controller 745 Seventh Avenue New York, NY 10019 THOMAS A. RUSSO Lehman Brothers Holdings Inc. Chief Legal Officer 745 Seventh Avenue New York, NY 10019 All above individuals are citizens of the United States. APPENDIX B LBI has been involved in a number of civil proceedings which concern matters arising in connection with the conduct of its business. Certain of such proceedings have resulted in findings of violation of federal or state securities laws. Each of these proceedings was settled by LBI consenting to the entry of an order without admitting or denying the allegations in the complaint. All of such proceedings are reported and summarized in the Schedule D to LBI's Form BD filed with the Securities and Exchange Commission, which descriptions are hereby incorporated by reference. -----END PRIVACY-ENHANCED MESSAGE-----