-----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, KUExiOIG7dEwOF74ZxxGu8orJIQ+FQL96Cyk1fin2EnzkkXxeSpLgg3l98szodYT CJwHdmK57lZlsS+NWqNacw== 0001047469-98-045498.txt : 19981231 0001047469-98-045498.hdr.sgml : 19981231 ACCESSION NUMBER: 0001047469-98-045498 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19981230 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FLEETWOOD ENTERPRISES INC/DE/ CENTRAL INDEX KEY: 0000314132 STANDARD INDUSTRIAL CLASSIFICATION: MOBILE HOMES [2451] IRS NUMBER: 951948322 STATE OF INCORPORATION: DE FISCAL YEAR END: 0428 FILING VALUES: FORM TYPE: 424B3 SEC ACT: SEC FILE NUMBER: 333-51873 FILM NUMBER: 98778407 BUSINESS ADDRESS: STREET 1: 3125 MYERS ST STREET 2: P O BOX 7638 CITY: RIVERSIDE STATE: CA ZIP: 92523 BUSINESS PHONE: 9093513500 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FLEETWOOD CAPITAL TRUST CENTRAL INDEX KEY: 0001065608 STANDARD INDUSTRIAL CLASSIFICATION: MOBILE HOMES [2451] FILING VALUES: FORM TYPE: 424B3 SEC ACT: SEC FILE NUMBER: 333-51873-01 FILM NUMBER: 98778408 BUSINESS ADDRESS: STREET 1: 3125 MYERS STREET CITY: RIVERSIDE STATE: CA ZIP: 92503 MAIL ADDRESS: STREET 1: 3125 MYERS STREET CITY: RIVERSIDE STATE: CA ZIP: 92503 424B3 1 424B3 PROSPECTUS SUPPLEMENT NO. 3 FILED PURSUANT TO RULE 424(B)(3) TO PROSPECTUS DATED JULY 9, 1998 REGISTRATION STATEMENT NO. 333-51873 FLEETWOOD CAPITAL TRUST 6% CONVERTIBLE TRUST PREFERRED SECURITIES (LIQUIDATION AMOUNT $50 PER CONVERTIBLE TRUST PREFERRED SECURITY) GUARANTEED TO THE EXTENT SET FORTH IN THE PROSPECTUS BY, AND CONVERTIBLE INTO COMMON STOCK OF, FLEETWOOD ENTERPRISES, INC. -------------- THE FOLLOWING INFORMATION SUPPLEMENTS, AND MUST BE READ IN CONNECTION WITH, THE INFORMATION CONTAINED IN THE PROSPECTUS, DATED JULY 9, 1998 (THE "PROSPECTUS"), OF FLEETWOOD CAPITAL TRUST, A DELAWARE STATUTORY BUSINESS TRUST, AND FLEETWOOD ENTERPRISES, INC., A DELAWARE CORPORATION. THIS PROSPECTUS SUPPLEMENT MUST BE DELIVERED WITH A COPY OF THE PROSPECTUS. ALL CAPITALIZED TERMS NOT OTHERWISE DEFINED HEREIN HAVE THE RESPECTIVE MEANINGS ASCRIBED TO THEM IN THE PROSPECTUS. THE FOLLOWING INFORMATION REPLACES IN ITS ENTIRETY THE INFORMATION PROVIDED IN THE PROSPECTUS UNDER THE CAPTION "SELLING SECURITYHOLDERS." ------------------------ SELLING SECURITYHOLDERS The following table sets forth, as of December 14, 1998, the respective number and percentage of Preferred Securities beneficially owned and offered hereby by each Selling Securityholder, the shares of Fleetwood Common Stock owned by each Selling Securityholder prior to the conversion of such Preferred Securities and the shares of Fleetwood Common Stock issuable upon conversion of such Preferred Securities, which may be sold from time to time by such Selling Securityholder pursuant to this Prospectus.
NUMBER OF PREFERRED PERCENT OF NUMBER OF SHARES NUMBER OF SHARES SECURITIES TOTAL OF FLEETWOOD OF FLEETWOOD BENEFICIALLY OUTSTANDING COMMON STOCK COMMON STOCK OWNED AND PREFERRED OWNED PRIOR TO ISSUABLE UPON SELLING SECURITYHOLDERS OFFERED HEREBY SECURITIES CONVERSION CONVERSION (1) - ---------------------------------------------- -------------- ------------------- ----------------- ----------------- AAM/Zazove Institutional Income Fund, L.P..... 56,000 * -- 57,471 Aim Balanced Fund............................. 90,000 1 -- 92,364 Allegheny Teledyne Inc. Pension Plan.......... 55,700 * -- 57,163 Aloha Airlines Non-Pilots Pension Trust....... 4,000 * -- 4,105 Aloha Airlines Pilots Retirement Trust........ 2,500 * -- 2,565 Alpine Associates............................. 60,700 1 -- 62,294 Alpine Partners, L.P.......................... 4,300 * -- 4,412 American Pioneer Life Ins. Co of New York..... 500 * -- 513 American Progressive Life & Health Ins. Co. Of New York..................................... 500 * -- 513 American Public Entity Excess Pool............ 500 * -- 513 American Republic Insurance Company........... 7,000 * -- 7,183 Anthracite Mutual Fire Insurance Company...... 200 * -- 205
(CONTINUED ON NEXT PAGE) ------------------------ THE DATE OF THIS PROSPECTUS SUPPLEMENT IS DECEMBER 30, 1998
NUMBER OF PREFERRED PERCENT OF NUMBER OF SHARES NUMBER OF SHARES SECURITIES TOTAL OF FLEETWOOD OF FLEETWOOD BENEFICIALLY OUTSTANDING COMMON STOCK COMMON STOCK OWNED AND PREFERRED OWNED PRIOR TO ISSUABLE UPON SELLING SECURITYHOLDERS OFFERED HEREBY SECURITIES CONVERSION CONVERSION (1) - ---------------------------------------------- -------------- ------------------- ----------------- ----------------- Argent Classic Convertible Arbitrage Fund (Bermuda) L.P................................ 35,700 * -- 36,637 Argent Classic Convertible Arbitrage Fund L.P.......................................... 74,300 1 -- 76,251 Arkansas PERS................................. 32,600 * -- 33,456 Associated Electric & Gas Insurance Services Limited...................................... 20,000 * -- 20,525 Bancroft Convertible Fund, Inc................ 40,000 * -- 41,050 Bank of America Convertible Securities Fund... 6,000 * -- 6,157 Baptist Health of South Florida............... 2,400 * -- 2,463 BCS Life Insurance Company.................... 4,000 * -- 4,105 BNP Arbitrage SNC............................. 3,000 * 3,120 3,078 Boston Museum of Fine Arts.................... 1,100 * -- 1,128 Capital Market Transactions, Inc.............. 127,500 2 -- 130,849 Care America Life Insurance Company........... 600 * -- 615 Catholic Mutual Relief Society of America..... 3,500 * -- 3,591 Catholic Mutual Relief Society Retirement Plan & Trust...................................... 2,000 * -- 2,052 Catholic Relief Insurance Company of America...................................... 3,000 * -- 3,078 Chicago Mutual Insurance Company.............. 400 * -- 410 Chrysler Corporation Master Retirement Trust........................................ 27,900 * -- 28,632 Chrysler Insurance Company.................... 30,000 * -- 30,788 Colgate-Palmolive Company Retirement Trust.... 28,400 * -- 29,146 Colonial Penn Life Insurance Co............... 9,500 * -- 9,749 Combined Insurance Company of America......... 12,700 * -- 13,033 Commonwealth Dealers Life Insurance........... 1,000 * -- 1,026 David Lipscomb University General Endowment... 300 * -- 307 Dean Witter Convertible Securities Trust...... 50,000 * -- 51,313 Delta Air Lines Master Trust.................. 11,700 * -- 12,007 Denver Art Museum Foundation.................. 7,600 * -- 7,799 Deutsche Bank A.G............................. 318,500 5 -- 326,867 Durham & Associates II........................ 500 * -- 513 Durham & Associates III....................... 600 * -- 615 El Pomar Foundation........................... 2,000 * -- 2,052 Ellsworth Convertible Growth & Income Fund, Inc.......................................... 40,000 * -- 41,050 Engineers Joint Pension Fund.................. 3,100 * -- 3,181 Equi-Select Ser Growth & Income Fund.......... 45,000 * -- 46,182
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NUMBER OF PREFERRED PERCENT OF NUMBER OF SHARES NUMBER OF SHARES SECURITIES TOTAL OF FLEETWOOD OF FLEETWOOD BENEFICIALLY OUTSTANDING COMMON STOCK COMMON STOCK OWNED AND PREFERRED OWNED PRIOR TO ISSUABLE UPON SELLING SECURITYHOLDERS OFFERED HEREBY SECURITIES CONVERSION CONVERSION (1) - ---------------------------------------------- -------------- ------------------- ----------------- ----------------- Equitable Life Assurance Separate Account - Balanced..................................... 600 * -- 615 Equitable Life Assurance Separate Account Convertibles................................. 11,200 * -- 11,494 Equity Income Fund............................ 58,000 1 -- 59,523 Finance Factors Limited....................... 5,200 * -- 5,336 First Mercury Syndicate....................... 2,000 * -- 2,052 Flag Investors Value Builder Fund............. 40,000 * -- 41,050 Frederic C. Hamilton.......................... 11,760 * -- 12,068 Frontier Insurance Company.................... 5,000 * -- 5,131 Gleneagles Fund Company....................... 19,500 * -- 20,012 Golden Rule Insurance Company................. 57,960 1 -- 59,482 Guarantee Trust Life Insurance Co............. 7,000 * -- 5,131 Guaranty Income Life Ins. Company............. 5,000 * -- 7,183 Hamilton Family Trust......................... 4,840 * -- 4,967 Hawaiian Airlines Employees Pension Plan-IAM..................................... 1,400 * -- 1,436 Hawaiian Airlines Pension Plan for Salaried Employees.................................... 350 * -- 359 Hawaiian Airlines Pilots Retirement Plan...... 2,150 * -- 2,206 HBK Finance L.P............................... 60,075 1 -- 61,653 HBK Offshore Fund Ltd......................... 34,570 * -- 35,478 HBK Securities Ltd............................ 87,655 1 -- 89,957 Highbridge Capital Corporation................ 124,100 2 -- 127,360 Highmark Convertible Securities Fund.......... 10,000 * -- 10,262 HSBC Securities Inc........................... 42,000 * -- 43,103 Hudson River Trust Balanced Account........... 6,100 * -- 6,260 Hudson River Trust Growth & Income Account.... 9,300 * -- 9,544 Hudson River Trust Growth Investors........... 5,000 * -- 5,131 ICI American Holdings Trust................... 8,000 * -- 8,210 Integrity Mutual Insurance Company............ 2,000 * -- 2,052 JP Morgan Securities Incorporated............. 13,100 * -- 13,444 Kapiolani Medical Center...................... 6,000 * -- 6,157 Key Asset Management, Inc. as Investment Manager for the Potlatch-First Trust Co of St. Paul..................................... 2,400 * -- 2,463 Key Asset Management, Inc. as Investment Manager for the University of So. Florida Fdn.......................................... 700 * -- 718 Key Asset Management, Inc. as Agent for the Key Tr. Convertible Sec. Fd.................. 1,448 * -- 1,486 Key Asset Management, Inc. as Agent for the EB Convertible Sec. Fd.......................... 5,900 * -- 6,054
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NUMBER OF PREFERRED PERCENT OF NUMBER OF SHARES NUMBER OF SHARES SECURITIES TOTAL OF FLEETWOOD OF FLEETWOOD BENEFICIALLY OUTSTANDING COMMON STOCK COMMON STOCK OWNED AND PREFERRED OWNED PRIOR TO ISSUABLE UPON SELLING SECURITYHOLDERS OFFERED HEREBY SECURITIES CONVERSION CONVERSION (1) - ---------------------------------------------- -------------- ------------------- ----------------- ----------------- Key Asset Management, Inc. as Agent for the Field Fdn of Illinois........................ 300 * -- 307 Key Asset Management, Inc. as Agent for the GenCorp Fdn.................................. 500 * -- 513 Key Asset Management, Inc. as Agent for the Charitable Sec. Fd........................... 4,952 * -- 5,082 Key Asset Management, Inc. as Investment Manager for the Health Foundation of Greater Cincinnati................................... 9,100 * -- 9,339 Key Asset Management, Inc., as Investment Manager for the University of South Florida Foundation #2................................ 1,500 * -- 1,539 Liberty View Plus Fund........................ 10,000 * -- 10,262 Lone Star Life Insurance Co................... 10,000 * -- 10,262 Lord Abbett & Co.............................. 3,200 * -- 3,284 Lord Abbett Bond - Debenture Fund, Inc........ 95,800 1 -- 98,316 Mark IV Industries, Inc. and Subsidiaries Master Trust................................. 14,930 * -- 15,322 Mary Ann Hamilton............................. 3,080 * -- 3,160 Memphis Light, Gas & Water Retirement Fund.... 5,800 * -- 5,952 Merrill Lynch Insurance Group................. 5,000 * -- 5,131 Merrill Lynch, Pierce, Fenner & Smith Inc..... 70,000 1 -- 71,838 MFS Series Trust I - MFS Convertible Securities Fund.............................. 100 * -- 102 MFS Series Trust V - MFS Total Return Fund.... 34,900 * -- 35,816 Michigan Mutual Insurance Company............. 20,000 * -- 20,525 Midwest Security Life......................... 2,000 * -- 2,052 Midwestern National Life Ins. Co. of Ohio..... 3,000 * -- 3,078 Millers Mutual Fire Ins. Co................... 12,000 * -- 12,315 Milville Mutual Insurance Company............. 600 * -- 615 Mount Sinai School of Medicine................ 9,060 * -- 9,298 Nalco Chemical Company........................ 5,000 * -- 5,131 NationsBanc Montgomery Securities LLC......... 30,000 * 3,100 5,131 New Castle Mutual Ins. Co..................... 500 * -- 513 New Vernon Advisors, Inc...................... 3,650 * -- 3,745 New York Life Insurance & Annuity Corporation.................................. 40,000 * -- 41,050 New York Life Insurance Company............... 90,000 1 -- 92,364 Nicholas Applegate Convertible Fund........... 31,500 * -- 32,327
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NUMBER OF PREFERRED PERCENT OF NUMBER OF SHARES NUMBER OF SHARES SECURITIES TOTAL OF FLEETWOOD OF FLEETWOOD BENEFICIALLY OUTSTANDING COMMON STOCK COMMON STOCK OWNED AND PREFERRED OWNED PRIOR TO ISSUABLE UPON SELLING SECURITYHOLDERS OFFERED HEREBY SECURITIES CONVERSION CONVERSION (1) - ---------------------------------------------- -------------- ------------------- ----------------- ----------------- Occidental Petroleum.......................... 1,000 * -- 1,026 OCM Convertible Trust......................... 32,600 * -- 33,456 Ohio Bureau of Workers Compensation........... 5,000 * -- 5,131 Ohio National, Inc., Growth & Income Portfolio.................................... 5,000 * -- 5,131 Olin Foundation............................... 1,020 * -- 1,046 Oppenheimer Convertible Securities Fund....... 100,000 1 -- 102,627 Ozark National Life Ins. Co................... 9,000 * -- 9,236 Pacific Horizon Capital Income Fund........... 89,600 1 -- 91,953 Pacific Innovations Trust Capital Income Fund......................................... 4,800 * -- 4,926 Palladin Overseas Fund Ltd.................... 8,500 * -- 8,723 Park Avenue Life.............................. 8,000 * -- 8,210 PHICO Insurance Co............................ 2,800 * -- 2,873 Phoenix Home Life General Account............. 4,200 * -- 4,310 Police and Firemen's Ins. Association......... 700 * -- 718 PRIM Board.................................... 42,000 * -- 43,103 Queens Healthcare Plan........................ 2,000 * -- 2,052 Raytheon Company Master Pension Trust......... 13,700 * -- 14,059 Reassurance Company of Hannover............... 3,500 * -- 3,591 Reserve Convertible Securities Fund........... 7,500 * -- 7,697 Salomon Brothers Asset Management, Inc........ 75,000 1 -- 76,970 Salomon Smith Barney Inc...................... 15,000 * -- 15,394 San Diego City Retirement..................... 8,700 * -- 8,928 San Diego County Convertible.................. 25,300 * -- 25,964 Service Life and Casualty Ins. Company........ 500 * -- 513 Service Lloyds Insurance Company.............. 500 * -- 513 State Employees' Retirement Fund of the State of Delaware.................................. 9,900 * -- 10,160 State of Connecticut Combined Investment Funds........................................ 35,500 * -- 36,432 State of Delaware PERS........................ 19,000 * -- 19,499 State of Oregon Equity........................ 100,000 1 -- 102,627 Susquehanna Capital Group..................... 69,200 1 -- 71,017 Tennessee Consolidated Retirement System...... 55,000 * -- 56,444 Texas Builders Insurance Company.............. 1,500 * -- 1,539 The Frist Foundation.......................... 1,500 * -- 1,539 The Guardian Life Insurance Company of America...................................... 358,000 6 -- 367,404 The Guardian Master Pension Trust............. 12,000 * -- 12,315 The Travelers Indemnity Company............... 58,000 1 -- 59,523
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NUMBER OF PREFERRED PERCENT OF NUMBER OF SHARES NUMBER OF SHARES SECURITIES TOTAL OF FLEETWOOD OF FLEETWOOD BENEFICIALLY OUTSTANDING COMMON STOCK COMMON STOCK OWNED AND PREFERRED OWNED PRIOR TO ISSUABLE UPON SELLING SECURITYHOLDERS OFFERED HEREBY SECURITIES CONVERSION CONVERSION (1) - ---------------------------------------------- -------------- ------------------- ----------------- ----------------- The Travelers Insurance Company............... 38,000 * -- 38,998 The Travelers Life & Annuity Company.......... 4,000 * -- 4,105 Toronto Dominion (New York), Inc.............. 112,500 1 -- 115,455 UBS A.G. London Branch........................ 252,000 4 -- 258,620 University of Virginia Health Services........ 1,000 * -- 1,026 Van Kampen Convertible Securities Fund (2).... 10,750 * 199,900 11,032 Van Kampen Harbor Fund (2).................... 80,750 1 199,900 82,871 Vanguard Convertible Securities Fund, Inc..... 26,000 * -- 26,683 Wake Forest University........................ 6,800 * -- 6,978 Warburg Dillon Read LLC....................... 64,000 1 -- 65,681 Washington International Insurance Co......... 2,200 * -- 2,257 Wisconsin Mutual Ins. Co...................... 2,000 * -- 2,052 Zeneca Holdings Trust......................... 8,000 * -- 8,210
- ------------------------ * Less than one percent. (1) The number of shares of Fleetwood Common Stock issuable upon conversion of the Preferred Securities and offered hereby was determined using the initial conversion rate of 1.02627 shares of Fleetwood Common Stock for each Preferred Security. (2) Van Kampen Asset Management, Inc., investment advisor to the Selling Securityholder, acts, or is affiliated with entities which act, as investment advisor or sub-advisor to other funds which beneficially own Fleetwood Common Stock. 6 Unless otherwise indicated, none of the Selling Securityholders has or within the past three years has had, any position, office or other material relationship with the Company, the Trust or any of their affiliates. Because the Selling Securityholders may, pursuant to this Prospectus, sell all or some portion of the Preferred Securities, no estimate can be given as to the amount of the Securities that will be held by the Selling Securityholders upon termination of any such sales. In addition, the Selling Securityholders identified above may have sold, transferred or otherwise disposed of all or a portion of their Securities since the date on which they provided the information regarding their Securities. See "Plan of Distribution." The Preferred Securities were originally issued by the Trust in a private placement on February 10, 1998 to the Initial Purchaser and were subsequently sold by the Initial Purchaser, in transactions exempt from the registration requirements of the Securities Act, to persons reasonably believed by the Initial Purchaser to be "qualified institutional buyers" (as defined in Rule 144A under the Securities Act) or to certain "accredited investors." Generally, only Selling Securityholders identified in the foregoing table who beneficially own the Preferred Securities set forth opposite their respective names may sell Securities pursuant to the Registration Statement, of which this Prospectus forms a part. The Company and the Trust may from time to time include additional Selling Securityholders in supplements or amendments to this Prospectus. 7 -----END PRIVACY-ENHANCED MESSAGE-----