-----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, EUIWNfv3cbT9I0BbllqizoNDyeeRtgRZfZRjyzUfHQCGdW+y/itGKzCbCTwTckn0 oEoWArHiDtUl4ZGZFzlVRQ== 0001019056-00-000030.txt : 20000202 0001019056-00-000030.hdr.sgml : 20000202 ACCESSION NUMBER: 0001019056-00-000030 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000120 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TASTY BAKING CO CENTRAL INDEX KEY: 0000096412 STANDARD INDUSTRIAL CLASSIFICATION: BAKERY PRODUCTS [2050] IRS NUMBER: 231145880 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-12728 FILM NUMBER: 510366 BUSINESS ADDRESS: STREET 1: 2801 HUNTING PARK AVE CITY: PHILADELPHIA STATE: PA ZIP: 19129 BUSINESS PHONE: 2152218500 MAIL ADDRESS: STREET 1: 3413 FOX ST CITY: PHILADELPHIA STATE: PA ZIP: 19129 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WYNNEFIELD PARTNERS SMALL CAP VALUE LP CENTRAL INDEX KEY: 0000899083 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 133688497 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: ONE PENN PLAZA STREET 2: SUITE 4720 CITY: NEW YORK STATE: NY ZIP: 10119 BUSINESS PHONE: 2127600814 MAIL ADDRESS: STREET 1: ONE PENN PLAZA STREET 2: SUITE 4720 CITY: NEW YORK STATE: NY ZIP: 10119 SC 13D 1 SCHEDULE 13(D) SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 TASTY BAKING COMPANY - -------------------------------------------------------------------------------- (NAME OF ISSUER) COMMON STOCK - -------------------------------------------------------------------------------- (TITLE OF CLASS OF SECURITIES) 876553306 - -------------------------------------------------------------------------------- (CUSIP NUMBER OF CLASS OF SECURITIES) Wynnefield Partners Small Cap Value, L.P. One Penn Plaza - Suite 4720 New York, New York 10119 ATTENTION: MR. NELSON OBUS - -------------------------------------------------------------------------------- (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED) TO RECEIVE NOTICES AND COMMUNICATIONS) COPY TO: Steven F. Wasserman, Esq. Berlack, Israels & Liberman LLP 120 West 45th Street New York, New York 10035 (212) 704-0100 JANUARY 4, 2000 ---------------------------------------------------------------------------- (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT) If the filing person has previously filed a Statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box: ( ) (Page 1 of 10 Pages) SCHEDULE 13D - ------------------------------------- ------------------------ CUSIP NO. 31865 W 108 PAGE 2 OF 10 PAGES - ------------------------------------- ------------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-3688497 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC (SEE ITEM 3) - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS (2)(d) OR (e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OR ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY 137,590 OWNED BY ----------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON 0 WITH ----------------------------------------- 9 SOLE DISPOSITIVE POWER 137,590 ----------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 137,590 shares - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.75% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- (Page 2 of 10 Pages) SCHEDULE 13D - ------------------------------------- ------------------------ CUSIP NO. 31865 W 108 PAGE 3 OF 10 PAGES - ------------------------------------- ------------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: WYNNEFIELD SMALL CAP VALUE OFFSHORE FUND, LTD. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: NOT APPLICABLE - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC (SEE ITEM 3) - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS (2)(d) OR (e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OR ORGANIZATION CAYMAN ISLANDS - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY 74,750 OWNED BY ----------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON 0 WITH ----------------------------------------- 9 SOLE DISPOSITIVE POWER 74,750 ----------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 74,750 shares - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .95% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- (Page 3 of 10 Pages) SCHEDULE 13D - ------------------------------------- ------------------------ CUSIP NO. 31865 W 108 PAGE 4 OF 10 PAGES - ------------------------------------- ------------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: WYNNEFIELD SMALL CAP VALUE L.P. I S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-3953291 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC (SEE ITEM 3) - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS (2)(d) OR (e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OR ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY 185,721 OWNED BY ----------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON 0 WITH ----------------------------------------- 9 SOLE DISPOSITIVE POWER 185,721 ----------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 185,721 shares - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.37% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- (Page 4 of 10 Pages) ITEM 1. SECURITY AND ISSUER. This Statement relates to shares of the Common Stock, (the "Shares"), of Tasty Baking Company, a Pennsylvania corporation (the "Issuer"). The principal executive offices of the Issuer are located at 2801 Hunting Park Avenue, Philadelphia, PA 19129. ITEM 2. IDENTITY AND BACKGROUND. (a), (b), (c) and (f). This Statement is being filed by Wynnefield Partners Small Cap Value, L.P. (the "Partnership"), Wynnefield Small Cap Value Offshore Fund, Ltd. (the "Fund"), and Wynnefield Small Cap Value, L.P. I (the "Partnership-I"). The Partnership, the Fund and Partnership-I are sometimes referred to collectively as the "Wynnefield Group". The general partners of the Partnership and the Partnership-I, private investment companies organized as limited partnerships under the laws of the State of Delaware, are Nelson Obus and Joshua Landes. Mr. Obus and Mr. Landes are principal executive officers of Wynnefield Capital, Inc., the investment manager of the Fund, a private investment company organized under the laws of the Cayman Islands. Mr. Obus and Mr. Landes are citizens of the United States of America. The business address of Mr. Obus and Mr. Landes and each of the entities in the Wynnefield Group is One Penn Plaza, Suite 4720, New York, New York 10119. (d) and (e). During the last five years, neither Mr. Obus, Mr. Landes nor any of the entities comprising the Wynnefield Group has been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) 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. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. The Wynnefield Group entities purchased their Shares for the consideration shown in the following table: NAME NUMBER OF SHARES CONSIDERATION PAID ---- ---------------- ------------------ Partnership 137,590 $1,593,051 Partnership-I 185,721 2,159,283 Fund 74,750 897,048 Such Shares were paid for from the working capital of each entity in the Wynnefield Group, each of which maintains an investment fund, consisting of capital contributions from their respective partners and investors and capital appreciation derived therefrom for the principal purpose of buying and selling securities (including financial and money market instruments) and interests in domestic and foreign securities, including, without limitation, convertible securities, stock index features contracts, options, puts and calls on stock and warrants. (Page 5 of 10 Pages) ITEM 4. PURPOSES OF TRANSACTION. The Wynnefield Group acquired the Shares reported in Item 5 below for investment purposes. If the Wynnefield Group determines that the ownership of the Issuer's securities represent an attractive investment opportunity, they or any of them reserve the right to buy additional Shares with the understanding that neither such purchases nor the exercise of their rights as stockholders is intended as a "control" device with respect to the Issuer. Except as set forth above, the Wynnefield Group has no present plans or intentions that would result in or relate to any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. ITEM 5. INTERESTS IN SECURITIES OF THE ISSUER. (a) As of the close of business on the date hereof, the Wynnefield Group beneficially owned a total of 398,061 Shares, the separate ownership of which is set forth in Item 3 of this Statement. Mr. Obus and Mr. Landes, by virtue of their status as general partners of the Partnership and Partnership-I and Mr. Obus and Mr. Landes as officers of the Fund's investment manager may be deemed to have indirect beneficial ownership of the Shares owned by the Wynnefield Group. The Shares owned by the Wynnefield Group represent approximately 5.09% of the outstanding Shares of the Issuer, based on the 7,822,000 Shares reported as outstanding on November 5, 1999 in the Issuer's Quarterly Report on Form 10-Q for the three months then ended. Pursuant to Rule 13d-4 of the General Rules and Regulations under the Securities and Exchange Act of 1934, as amended (the "Exchange Act"), Mr. Obus and Mr. Landes disclaim beneficial ownership of any Shares owned by the entities comprising the Wynnefield Group and disclaim membership in the Wynnefield Group with respect to the Shares for purposes of Sections 13(d) and 13(g) of the Exchange Act or for any other purpose under any other provision of the Exchange Act or the rules and regulations promulgated thereunder. (b) Mr. Obus and Mr. Landes, by virtue of their status as general partners of the Partnership and Partnership-I, and Mr. Obus and Mr. Landes as officers of the Fund's investment manager, have the power to vote or to direct the vote and the power to dispose and to direct the disposition of the 398,061 Shares owned by the entities comprising the Wynnefield Group. (Page 6 of 10 Pages) (c) During the past 60 days, the entities in the Wynnefield Group made the following purchases of shares in the over-the-counter market: NUMBER PRICE NAME DATE OF SHARES PER SHARE ---- ---- --------- --------- Partnership 7/9/99 1,720 15.2840 Partnership 9/10/98 800 14.5700 Partnership 9/11/98 500 14.5516 Partnership 9/11/98 1,100 14.5517 Partnership 10/5/98 200 14.3200 Partnership 12/31/98 6,000 14.6438 Partnership 1/6/99 3,000 14.6678 Partnership 1/8/99 8,000 14.5250 Partnership 1/14/99 7,000 14.1021 Partnership 1/21/99 3,300 13.1855 Partnership 1/22/99 2,000 13.3325 Partnership 1/26/99 1,000 13.5850 Partnership 1/27/99 2,000 13.5725 Partnership 2/1/99 1,300 13.1628 Partnership 2/3/99 6,500 13.3238 Partnership 3/18/99 4,000 12.2575 Partnership 3/29/99 1,500 11.9722 Partnership 4/22/99 7,000 11.8950 Partnership 7/29/99 13,200 11.6950 Partnership 8/6/99 100 11.2475 Partnership 9/10/99 3,600 11.0700 Partnership 9/17/99 3,100 11.0700 Partnership 9/21/99 3,600 10.8825 Partnership 9/24/99 1,570 10.3725 Partnership 10/14/99 6,800 10.5536 Partnership 10/29/99 5,400 10.2783 Partnership 11/2/99 8,900 10.1950 Partnership 11/11/99 1,200 9.8725 Partnership 11/17/99 3,600 9.9450 Partnership 11/22/99 1,800 9.6750 Partnership 11/30/99 200 9.4350 Partnership 12/1/99 2,000 9.7077 Partnership 12/2/99 1,800 9.3100 Partnership 12/3/99 3,600 9.6225 Partnership 12/6/99 1,800 9.6850 Partnership 12/8/99 2,100 9.3200 Partnership 12/13/99 1,700 9.0600 Partnership 12/14/99 2,700 8.9342 Partnership 12/15/99 1,800 8.9975 Partnership 12/20/99 1,800 8.6850 Partnership 12/21/99 1,100 8.5600 Partnership 12/29/99 3,600 8.3050 Partnership 1/4/00 3,600 8.3750 (Page 7 of 10 Pages) NUMBER PRICE NAME DATE OF SHARES PER SHARE ---- ---- --------- --------- Partnership-I 7/9/98 11,280 15.2862 Partnership-I 9/10/98 800 14.6012 Partnership-I 9/11/98 1,600 14.5516 Partnership-I 9/14/98 1,900 14.5831 Partnership-I 9/15/98 500 14.6200 Partnership-I 10/8/98 200 14.2575 Partnership-I 10/8/98 1,600 14.3356 Partnership-I 10/8/98 2,400 14.1429 Partnership-I 12/31/98 7,100 14.6438 Partnership-I 1/6/99 3,000 14.6678 Partnership-I 1/8/99 500 14.5250 Partnership-I 1/8/99 8,000 14.3638 Partnership-I 1/14/99 3,000 14.1021 Partnership-I 1/22/99 2,000 13.3325 Partnership-I 1/26/99 1,000 13.5850 Partnership-I 1/27/99 2,000 13.5725 Partnership-I 2/1/99 1,400 13.1628 Partnership-I 2/3/99 6,500 13.3238 Partnership-I 3/18/99 4,700 12.2575 Partnership-I 3/29/99 1,700 11.9722 Partnership-I 4/22/99 9,000 11.8950 Partnership-I 7/13/99 8,000 11.8781 Partnership-I 7/29/99 17,500 11.6950 Partnership-I 9/10/99 4,700 11.0700 Partnership-I 9/17/99 4,100 11.0700 Partnership-I 9/21/99 4,700 10.8825 Partnership-I 9/24/99 2,080 10.3725 Partnership-I 10/14/99 9,000 10.5536 Partnership-I 10/15/99 1,661 10.3825 Partnership-I 10/29/99 7,100 10.2783 Partnership-I 11/2/99 11,800 10.1950 Partnership-I 11/11/99 1,600 9.8725 Partnership-I 11/17/99 4,700 9.9450 Partnership-I 11/22/99 2,300 9.6750 Partnership-I 11/30/99 200 9.4350 Partnership-I 12/1/99 2,600 9.7077 Partnership-I 12/2/99 2,300 9.3100 Partnership-I 12/3/99 4,700 9.6225 Partnership-I 12/6/99 2,300 9.6850 Partnership-I 12/8/99 2,900 9.3200 Partnership-I 12/13/99 2,400 9.0600 Partnership-I 12/14/99 3,500 8.9342 Partnership-I 12/15/99 2,300 8.9975 Partnership-I 12/20/99 2,300 8.6850 Partnership-I 12/21/99 1,400 8.5600 Partnership-I 12/29/99 4,700 8.3050 Partnership-I 1/4/00 4,700 8.3750 (Page 8 of 10 Pages) NUMBER PRICE NAME DATE OF SHARES PER SHARE ---- ---- --------- --------- Fund 7/9/98 6,000 15.2862 Fund 8/6/98 5,600 14.5600 Fund 9/10/98 300 14.6012 Fund 9/11/98 800 14.5516 Fund 9/22/98 1,700 14.5700 Fund 10/6/98 600 14.3200 Fund 12/31/98 2,000 14.6438 Fund 1/6/99 2,600 14.6678 Fund 1/8/99 4,000 14.5250 Fund 1/22/99 1,000 13.3325 Fund 1/27/99 1,000 13.5725 Fund 2/1/99 500 13.1628 Fund 2/3/99 3,000 13.3238 Fund 3/18/99 2,000 12.2575 Fund 3/29/99 1,000 11.9722 Fund 4/22/99 4,000 11.8950 Fund 7/29/99 6,300 11.6950 Fund 9/10/99 1,700 11.0700 Fund 9/17/99 1,500 11.0700 Fund 9/21/99 1,700 10.8825 Fund 9/24/99 750 10.3725 Fund 10/14/99 3,200 10.5536 Fund 10/29/99 2,500 10.2783 Fund 11/2/99 4,300 10.1950 Fund 11/11/99 800 9.8725 Fund 11/17/99 1,700 9.9450 Fund 11/22/99 900 9.6750 Fund 12/1/99 900 9.7077 Fund 12/2/99 900 9.3100 Fund 12/3/99 1,700 9.6225 Fund 12/6/99 900 9.6850 Fund 12/8/99 1,000 9.3200 Fund 12/13/99 900 9.0600 Fund 12/14/99 1,300 8.9342 Fund 12/15/99 900 8.9975 Fund 12/20/99 900 8.6850 Fund 12/21/99 500 8.5600 Fund 12/29/99 1,700 8.3050 Fund 1/4/00 1,700 8.3750 (d) Each of the entities comprising the Wynnefield Group as owners of the Shares covered by this Statement has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares covered by this Statement. (e) Not applicable. (Page 9 of 10 Pages) ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Neither Mr. Obus, Mr. Landes nor any of the entities comprising the Wynnefield Group has any contracts, arrangements, understandings or relationships (legal or otherwise) with any person with respect to any securities of the Issuer, including but not limited to any contracts, arrangements, understandings or relationships concerning the transfer or voting of such securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or losses, or the giving or withholding of proxies. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Not applicable. SIGNATURE After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this Statement is true, complete and correct. Dated: January 20, 2000 WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P. WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P. I By: /s/ NELSON OBUS ---------------------------- Nelson Obus, General Partner WYNNEFIELD SMALL CAP VALUE OFFSHORE FUND, LTD. By: Wynnefield Capital, Inc. By: /s/ NELSON OBUS ---------------------------- Nelson Obus, President (Page 10 of 10 Pages) -----END PRIVACY-ENHANCED MESSAGE-----