-----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, NHcy02LobGlpr9XjJ2QUaO/ZWwPlFAHqqV5b1oVl9obTT+ZTC8WuErlUaR0jv6x4 V2AxjRalF7pueQmZrrMgvQ== 0000950129-97-001401.txt : 19970401 0000950129-97-001401.hdr.sgml : 19970401 ACCESSION NUMBER: 0000950129-97-001401 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970331 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ENVIRODYNE INDUSTRIES INC CENTRAL INDEX KEY: 0000033073 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS PRODUCTS, NEC [3089] IRS NUMBER: 952677354 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-07886 FILM NUMBER: 97571597 BUSINESS ADDRESS: STREET 1: 701 HARGER ROAD STE 190 CITY: OAK BROOK STATE: IL ZIP: 60521 BUSINESS PHONE: 7085718800 FORMER COMPANY: FORMER CONFORMED NAME: MGN INC DATE OF NAME CHANGE: 19790425 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ZAPATA CORP CENTRAL INDEX KEY: 0000109177 STANDARD INDUSTRIAL CLASSIFICATION: FATS & OILS [2070] IRS NUMBER: 741339132 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1717 ST. JAMES PLACE, SUITE 550 STREET 2: P.O. BOX 4240 CITY: HOUSTON STATE: TX ZIP: 77056 BUSINESS PHONE: 7139406100 MAIL ADDRESS: STREET 1: 1717 ST JAMES PLACE STREET 2: P.O. BOX 4240 SUITE 550 CITY: HOUSTON STATE: TX ZIP: 77210-4240 FORMER COMPANY: FORMER CONFORMED NAME: ZAPATA NORNESS INC DATE OF NAME CHANGE: 19720314 FORMER COMPANY: FORMER CONFORMED NAME: ZAPATA OFF SHORE CO DATE OF NAME CHANGE: 19690115 SC 13D/A 1 ZAPATA CORPORATION (ENVIRODYNE INDUSTRIES, INC.) 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 3) ENVIRODYNE INDUSTRIES, INC. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 294037205 - -------------------------------------------------------------------------------- (CUSIP Number) Joseph L. von Rosenberg III Executive Vice President, General Counsel and Corporate Secretary ZAPATA CORPORATION 1717 St. James Place, Suite 550 Houston, Texas 77056 (713) 940-6100 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 27, 1997 - -------------------------------------------------------------------------------- (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(b)(3) or (4), check the following box [ ]. Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. Page 1 of 3 Pages 2 INTRODUCTORY NOTE. This Amendment No. 3 to Schedule 13D is being filed on behalf of Zapata Corporation, a Delaware corporation ("Zapata"), to supplement certain information set forth in the Schedule 13D of Envirodyne Industries, Inc. (the "Issuer") originally filed by Zapata on August 17, 1995, as amended by Amendment Nos. 1 and 2 to Schedule 13D filed on June 21, 1996 and March 10, 1997, respectively. ITEM 4. PURPOSE OF TRANSACTION Item 4 to the Schedule 13D is hereby supplemented as follows: On March 27, 1997, pursuant to an amendment to the Issuer's Bylaws filed with the Securities and Exchange Commission on March 20, 1997 (the "Amended Bylaws"), Zapata provided the Issuer with notice of Zapata's intent to nominate Malcolm I. Glazer, Avram A. Glazer, Bryan G. Glazer, Edward S. Glazer and Robert V. Leffler, Jr. (the "Nominees") for election to the Board of Directors of the Issuer at the 1997 Annual Meeting of Stockholders of the Issuer (the "1997 Annual Meeting"). Malcolm I. Glazer and Avram A. Glazer currently are directors of both the Issuer and Zapata. Robert V. Leffler, Jr. currently serves on the Board of Directors of Zapata. Malcolm I. Glazer is the father of Avram A. Glazer, Bryan G. Glazer and Edward S. Glazer. If all of the Nominees are elected as directors of the Issuer, the Nominees would represent more than a majority of the Issuer's seven-member Board of Directors. Each Nominee has provided the Issuer with a written consent stating his willingness to serve on the Issuer's Board of Directors, if elected. On March 27, 1997, pursuant to the Amended Bylaws, Zapata also provided the Issuer with notice of Zapata's intent to bring a proposal (the "Proposal") before the 1997 Annual Meeting recommending that the Board of Directors of the Issuer take appropriate action to redeem as soon as practicable the Rights issued under the Rights Agreement between the Issuer and Harris Trust & Savings Bank dated as of June 26, 1996 (the "Rights Agreement") or otherwise terminate the rights plan and not implement any other stockholder rights plan without a binding vote of the Issuer's stockholders. Because the Rights Agreement effectively precludes Zapata from acquiring 41% or more of the Issuer's common stock, par value $0.01 per share ("Common Stock"), without a specified approval of the Issuer's Board of Directors, the redemption of the Rights as contemplated by the Proposal would increase the degree to which the Zapata could purchase additional shares of Common Stock. Zapata may consider the acquisition of additional shares of Common Stock or proposing a merger with, or acquisition of, the Issuer in the future. Zapata intends to appear in person or by proxy at the meeting of stockholders to nominate the Nominees and to bring the Proposal before the 1997 Annual Meeting. Page 2 of 3 Pages 3 After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: March 31, 1997. ZAPATA CORPORATION By: /S/ JOSEPH L. VON ROSENBERG III ------------------------------------------ Joseph L. von Rosenberg III Executive Vice President, General Counsel and Corporate Secretary Page 3 of 3 Pages -----END PRIVACY-ENHANCED MESSAGE-----