-----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, GuPGSUGpAxyzPlAXmL551FfnaSPS5BZ6ttaAeyr7q7/A8zipVVVKzPvjK2xdZ6zR qVMcI/9J63uEEt8LFXMnMQ== 0001047469-99-005264.txt : 19990215 0001047469-99-005264.hdr.sgml : 19990215 ACCESSION NUMBER: 0001047469-99-005264 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19990212 GROUP MEMBERS: CHANNEL ONE ASSOCIATES, L.P. GROUP MEMBERS: JWC ASSOCIATES II, L.P. GROUP MEMBERS: JWC ASSOCIATES L.P. GROUP MEMBERS: KKR PARTNERS II LP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WALTER INDUSTRIES INC /NEW/ CENTRAL INDEX KEY: 0000837173 STANDARD INDUSTRIAL CLASSIFICATION: GEN BUILDING CONTRACTORS - RESIDENTIAL BUILDINGS [1520] IRS NUMBER: 133429953 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-44983 FILM NUMBER: 99534848 BUSINESS ADDRESS: STREET 1: 1500 N DALE MABRY HWY CITY: TAMPA STATE: FL ZIP: 33607 BUSINESS PHONE: 8138714811 MAIL ADDRESS: STREET 1: 1500 N DALE MABRY HWY CITY: TAMPA STATE: FL ZIP: 33607 FORMER COMPANY: FORMER CONFORMED NAME: HILLSBOROUGH HOLDINGS CORP DATE OF NAME CHANGE: 19910814 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KKR PARTNERS II LP CENTRAL INDEX KEY: 0000918992 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: C/O KOHLBERG KRAVIS ROBERTS & CO LP STREET 2: 9 WEST 57TH STREET CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2127508300 MAIL ADDRESS: STREET 1: KOHLBERG KRAVIS ROBERTS & CO STREET 2: 9 WEST 57TH STREET CITY: NEW YORK STATE: NY ZIP: 10019 SC 13G/A 1 SC 13G/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 -------------- SCHEDULE 13G (RULE 13d-102) INFORMATION TO BE INCLUDED IN STATEMENT FILED PURSUANT TO RULES 13d-1(b)(c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) (Amendment No. 1)* Walter Industries, Inc. ------------------------------------------------------------ (Name of Issuer) Common Stock, par value $0.01 per share ------------------------------------------------------------ (Title of Class of Securities) 93317Q105 ------------------------------------------------------------ (CUSIP Number) June 2, 1997 ------------------------------------------------------------ (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) / / Rule 13d-(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). - --------------------- CUSIP No. 93317Q105 13G PAGE 2 OF 10 PAGES - --------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) JWC Associates, L.P. - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 9,309,427 SHARES -------------------------------------------------------- BENEFICIALLY OWNED 6 SHARED VOTING POWER BY - 0 - EACH -------------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON 5,862,448 WITH -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER - 0 - - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,309,427 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 17.4% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - --------------------- CUSIP No. 93317Q105 13G PAGE 3 OF 10 PAGES - --------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) JWC Associates II, L.P. - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 61,687 SHARES -------------------------------------------------------- BENEFICIALLY OWNED 6 SHARED VOTING POWER BY - 0 - EACH -------------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON 38,846 WITH -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER - 0 - - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 61,687 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.1% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - --------------------- CUSIP No. 93317Q105 13G PAGE 4 OF 10 PAGES - --------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) KKR Partners II, L.P. - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 225,675 SHARES -------------------------------------------------------- BENEFICIALLY OWNED 6 SHARED VOTING POWER BY - 0 - EACH -------------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON 142,115 WITH -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER - 0 - - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 225,675 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.4% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! - --------------------- CUSIP No. 93317Q105 13G PAGE 5 OF 10 PAGES - --------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Channel One Associates, L.P. - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 4,361,800 SHARES -------------------------------------------------------- BENEFICIALLY OWNED 6 SHARED VOTING POWER BY - 0 - EACH -------------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON 4,361,800 WITH -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER - 0 - - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,361,800 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.1% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! AMENDMENT NO. 1 TO SCHEDULE 13G This Statement on Schedule 13G (the "Schedule 13G") relating to the common stock, par value $.01 per share of Walter Industries, Inc. (the "Common Stock") as previously filed by the KKR Investors, consisting of JWC Associates, L.P., JWC Associates II, L.P., KKR Partners II, L.P. and Channel One Associates, L.P. is hereby amended as set forth below. Capitalized terms used without definition have the meaning ascribed to such terms in the Schedule 13G. Item 4(a) of the Schedule 13G is hereby amended by deleting the entire Item 4(a) and substituting the following: Each of JWC Associates, L.P. ("JWC Associates"), JWC Associates II, L.P. (AJWC Associates II@), KKR Partners II, L.P. ("KKR Partners II" and, together with JWC Associates and JWC Associates II, the "KKR Investors") and Channel One Associates, L.P. ("Channel One") is a Delaware limited partnership the sole general partner of which is KKR Associates, a New York limited partnership. JWC Associates has sole voting and dispositive power with respect to 5,862,448 shares of Common Stock. In addition, JWC Associates has the sole power to exercise voting rights with respect to 3,446,979 shares of Common Stock currently in escrow, as described below. JWC Associates II has sole voting and dispositive power with respect to 38,846 shares of Common Stock. In addition, JWC Associates II has the sole power to exercise voting rights with respect to 22,841 shares of Common Stock currently in escrow, as described below. KKR Partners II has sole voting and dispositive power with respect to 142,115 shares of Common Stock. In addition, KKR Partners II has the sole power to exercise voting rights with respect to 83,560 shares of Common Stock currently in escrow, as described below. Channel One has sole voting and dispositive power with respect to 4,361,800 shares of Common Stock. As the sole general partner of each of the KKR Investors and Channel One, KKR Associates may be deemed to be the beneficial owner of the 13,958,589 shares of Common Stock beneficially owned by the KKR Investors and Channel One. Messrs. Henry R. Kravis, George R. Roberts, Robert I. MacDonnell, Paul E. Raether, Michael W. Michelson, James H. Greene, Jr., Michael T. Tokarz, Perry Golkin, Scott M. Stuart, Clifton S. Robbins and Edward A. Gilhuly are the general partners of KKR Associates, and Messrs. Kravis and Roberts are also the members of the Executive Committee of KKR Associates, and in such capacity may be deemed to share beneficial ownership of any securities beneficially owned by KKR Associates, but they disclaim any such beneficial ownership. Page 6 of 10 pages The 3,553,380 shares of Common Stock currently in escrow were issued to an escrow account for the benefit of the KKR Investors on September 13, 1995 pursuant to the Issuer=s Amended Joint Plan of Reorganization dated as of December 9, 1994, as modified on March 1, 1995 (as so modified, the "Plan of Reorganization"), under Section 1123(a) of the United States Bankruptcy Code. The resolution of certain contingencies regarding federal income tax claims will determine whether and to what extent the shares of Common Stock in escrow will be distributed to the KKR Investors or returned to the Issuer and cancelled. Until such matters are resolved, the KKR Investors will have the sole power to exercise voting rights with respect to such shares of Common Stock. Page 7 of 10 pages 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. JWC ASSOCIATES, L.P. By: KKR ASSOCIATES, its General Partner By: /s/ Salvatore Badalamenti ------------------------------------- Name: Salvatore Badalamenti Title: Attorney-in-Fact for Michael T. Tokarz, General Partner JWC ASSOCIATES II, L.P. By: KKR ASSOCIATES, its General Partner By: /s/ Salvatore Badalamenti ------------------------------------- Name: Salvatore Badalamenti Title: Attorney-in-Fact for Michael T. Tokarz, General Partner KKR PARTNERS II, L.P. By: KKR ASSOCIATES, its General Partner By: /s/ Salvatore Badalamenti ------------------------------------- Name: Salvatore Badalamenti Title: Attorney-in-Fact for Michael T. Tokarz, General Partner Page 8 of 10 pages CHANNEL ONE ASSOCIATES, L.P. By: KKR ASSOCIATES, its General Partner By: /s/ Salvatore Badalamenti ------------------------------------- Name: Salvatore Badalamenti Title: Attorney-in-Fact for Michael T. Tokarz, General Partner Dated: February 12, 1999 Page 9 of 10 pages EXHIBIT INDEX Exhibit 24 - Power of Attorney Page 10 of 10 pages EX-24 2 POWER OF ATTORNEY Exhibit 24 POWER OF ATTORNEY Know all men by these presents that MICHAEL T. TOKARZ does hereby make, constitute and appoint Salvatore Badalamenti as a true and lawful attorney-in-fact of the undersigned with full powers of substitution and revocation, for and in the name, place and stead of the undersigned, (both in the undersigned's individual capacity and as a member of any limited liability company or limited partnership for which the undersigned is otherwise authorized to sign), to execute and deliver such forms as may be required to be filed from time to time with the Securities and Exchange Commission with respect to any investments of KKR 1996 Fund L.P. or KKR Associates L.P. (including any amendments or supplements to any reports from schedules previously filed by such persons or entities): (i) pursuant to Sections 13(d) and 16(a) of the Securities Exchange Act of 1934, as amended (the "Act"), including without limitation, Schedules 13D, statements on Form 3, and Form 4 and Form 5 and (ii) in connection with any applications for EDGAR access codes, including without limitation the FORM ID. /s/ MICHAEL T. TOKARZ ------------------------ Name: Michael T. Tokarz January 31, 1997 -----END PRIVACY-ENHANCED MESSAGE-----