-----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, B+YMBODy7bKq4luSGmGo/O7Jke5S2FeNI9LYUHcJ4OK/VEkdgbyblVRBCPN64o+2 5nhFyDf8MP/SoWRPnVanuw== 0000894579-96-000090.txt : 19960921 0000894579-96-000090.hdr.sgml : 19960921 ACCESSION NUMBER: 0000894579-96-000090 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960919 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MORGENS WATERFALL VINTIADIS & CO INC CENTRAL INDEX KEY: 0001016150 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 132674766 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-46923 FILM NUMBER: 96632042 BUSINESS ADDRESS: STREET 1: 10 EAST 50TH STREET STREET 2: 10 EAST 50TH STREET CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2127050500 MAIL ADDRESS: STREET 1: 10 EAST 50TH ST CITY: NEW YORK STATE: NY ZIP: 10022 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DECHERT PRICE & RHOADS/ NY/ FA CENTRAL INDEX KEY: 0000894579 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: DC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 477 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2026263352 MAIL ADDRESS: STREET 1: 477 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: DECHERT PRICE & RHOADS/ NY/ FA DATE OF NAME CHANGE: 19950407 SC 13D/A 1 DARLING INTERNATIONAL INC. 13D ---------------------------- OMB APPROVAL ---------------------------- OMB Number 3235-0145 Expires: October 31, 1994 Estimated average burden hours per response ... 14.90 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 6)* Darling International, Inc. - ------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $.01 per share - ------------------------------------------------------------------------------- (Title of Class of Securities) 237266101 - ------------------------------------------------------------------------------- (CUSIP Number) Edwin H. Morgens 10 East 50th Street, New York, NY 10022 (212) 705-0500 - ------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) September 11, 1996 - ------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously riled 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 [ ]. Check the following box if a fee is being paid with the statement [ ]. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) 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. *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 to 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). Page 1 of 27 Pages Exhibit Index Appears on Page 26 SCHEDULE 13D CUSIP No. 237266101 Page 2 of 27 Pages - ------------------------------------------------------------------------------ 1) NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Phoenix Partners 13-6272912 - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION New York State - ------------------------------------------------------------------------------ NUMBER 7) SOLE VOTING POWER OF 86,980 - See Response to Item 5 SHARES ____________________________________________________________ BENEFICIALLY 8) SHARED VOTING POWER OWNED BY -0- EACH ____________________________________________________________ REPORTING 9) SOLE DISPOSITIVE POWER PERSON 86,980 - See Response to Item 5 WITH ____________________________________________________________ 10) SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 86,980 - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.7% - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON PN - ------------------------------------------------------------------------------ *SEE INSRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D CUSIP No. 237266101 Page 3 of 27 Pages - ------------------------------------------------------------------------------ 1) NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Betje Partners 13-3118883 - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION New York State - ------------------------------------------------------------------------------ NUMBER 7) SOLE VOTING POWER OF 30,384 - See Response to Item 5 SHARES ____________________________________________________________ BENEFICIALLY 8) SHARED VOTING POWER OWNED BY -0- EACH ____________________________________________________________ REPORTING 9) SOLE DISPOSITIVE POWER PERSON 30,384 - See Response to Item 5 WITH ____________________________________________________________ 10) SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 30,384 - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .6% - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON PN - ------------------------------------------------------------------------------ *SEE INSRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D CUSIP No. 237266101 Page 4 of 27 Pages - ------------------------------------------------------------------------------ 1) NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Morgens Waterfall Vintiadis Investments N.V. None - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION Netherlands Antilles - ------------------------------------------------------------------------------ NUMBER 7) SOLE VOTING POWER OF 60,783 - See Response to Item 5 SHARES ____________________________________________________________ BENEFICIALLY 8) SHARED VOTING POWER OWNED BY -0- EACH ____________________________________________________________ REPORTING 9) SOLE DISPOSITIVE POWER PERSON 60,783 - See Response to Item 5 WITH ____________________________________________________________ 10) SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 60,783 - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.2% - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON CO - ------------------------------------------------------------------------------ *SEE INSRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D CUSIP No. 237266101 Page 5 of 27 Pages - ------------------------------------------------------------------------------ 1) NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Mogens Waterfall Income Partners 13-2829306 - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION New York State - ------------------------------------------------------------------------------ NUMBER 7) SOLE VOTING POWER OF 77,729 - See Response to Item 5 SHARES ____________________________________________________________ BENEFICIALLY 8) SHARED VOTING POWER OWNED BY -0- EACH ____________________________________________________________ REPORTING 9) SOLE DISPOSITIVE POWER PERSON 77,729 - See Response to Item 5 WITH ____________________________________________________________ 10) SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 77,729 - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.5% - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON PN - ------------------------------------------------------------------------------ *SEE INSRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D CUSIP No. 237266101 Page 6 of 27 Pages - ------------------------------------------------------------------------------ 1) NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Restart Partners, L.P. 13-3502415 - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------ NUMBER 7) SOLE VOTING POWER OF 466,940 - See Response to Item 5 SHARES ____________________________________________________________ BENEFICIALLY 8) SHARED VOTING POWER OWNED BY -0- EACH ____________________________________________________________ REPORTING 9) SOLE DISPOSITIVE POWER PERSON 466,940 - See Response to Item 5 WITH ____________________________________________________________ 10) SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 466,940 - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.0% - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON PN - ------------------------------------------------------------------------------ *SEE INSRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D CUSIP No. 237266101 Page 7 of 27 Pages - ------------------------------------------------------------------------------ 1) NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Restart Partners II, L.P. 13-3553296 - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------ NUMBER 7) SOLE VOTING POWER OF 685,339 - See Response to Item 5 SHARES ____________________________________________________________ BENEFICIALLY 8) SHARED VOTING POWER OWNED BY -0- EACH ____________________________________________________________ REPORTING 9) SOLE DISPOSITIVE POWER PERSON 685,339 - See Response to Item 5 WITH ____________________________________________________________ 10) SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 685,339 - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.3% - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON PN - ------------------------------------------------------------------------------ *SEE INSRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D CUSIP No. 237266101 Page 8 of 27 Pages - ------------------------------------------------------------------------------ 1) NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Restart Partners III, L.P. 13-3618702 - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------ NUMBER 7) SOLE VOTING POWER OF 481,979 - See Response to Item 5 SHARES ____________________________________________________________ BENEFICIALLY 8) SHARED VOTING POWER OWNED BY -0- EACH ____________________________________________________________ REPORTING 9) SOLE DISPOSITIVE POWER PERSON 481,979 - See Response to Item 5 WITH ____________________________________________________________ 10) SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 481,979 - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.3% - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON PN - ------------------------------------------------------------------------------ *SEE INSRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D CUSIP No. 237266101 Page 9 of 27 Pages - ------------------------------------------------------------------------------ 1) NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Restart Partners IV, L.P. 13-3687058 - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------ NUMBER 7) SOLE VOTING POWER OF 300,123 - See Response to Item 5 SHARES ____________________________________________________________ BENEFICIALLY 8) SHARED VOTING POWER OWNED BY -0- EACH ____________________________________________________________ REPORTING 9) SOLE DISPOSITIVE POWER PERSON 300,123 - See Response to Item 5 WITH ____________________________________________________________ 10) SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 300,123 - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.8% - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON PN - ------------------------------------------------------------------------------ *SEE INSRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D CUSIP No. 237266101 Page 10 of 27 Pages - ------------------------------------------------------------------------------ 1) NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Restart Partners V, L.P. 13-3812417 - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------ NUMBER 7) SOLE VOTING POWER OF 50,000 - See Response to Item 5 SHARES ____________________________________________________________ BENEFICIALLY 8) SHARED VOTING POWER OWNED BY -0- EACH ____________________________________________________________ REPORTING 9) SOLE DISPOSITIVE POWER PERSON 50,000 - See Response to Item 5 WITH ____________________________________________________________ 10) SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 50,000 - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.0% - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON PN - ------------------------------------------------------------------------------ *SEE INSRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D CUSIP No. 237266101 Page 11 of 27 Pages - ------------------------------------------------------------------------------ 1) NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Common Fund for Non-Profit Organizations 13-7037968 - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION New York State - ------------------------------------------------------------------------------ NUMBER 7) SOLE VOTING POWER OF 147,037 - See Response to Item 5 SHARES ____________________________________________________________ BENEFICIALLY 8) SHARED VOTING POWER OWNED BY -0- EACH ____________________________________________________________ REPORTING 9) SOLE DISPOSITIVE POWER PERSON 147,037 - See Response to Item 5 WITH ____________________________________________________________ 10) SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 147,037 - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.8% - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON PN - ------------------------------------------------------------------------------ *SEE INSRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D CUSIP No. 237266101 Page 12 of 27 Pages - ------------------------------------------------------------------------------ 1) NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON MWV Employee Retirement Plan Group Trust 13-3845507 - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION New York State - ------------------------------------------------------------------------------ NUMBER 7) SOLE VOTING POWER OF 23,373 - See Response to Item 5 SHARES ____________________________________________________________ BENEFICIALLY 8) SHARED VOTING POWER OWNED BY -0- EACH ____________________________________________________________ REPORTING 9) SOLE DISPOSITIVE POWER PERSON 23,373 - See Response to Item 5 WITH ____________________________________________________________ 10) SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 23,373 - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .5% - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON EP - ------------------------------------------------------------------------------ *SEE INSRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D CUSIP No. 237266101 Page 13 of 27 Pages - ------------------------------------------------------------------------------ 1) NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Phaeton International N.V. None - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* AF - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION Netherlands Antilles - ------------------------------------------------------------------------------ NUMBER 7) SOLE VOTING POWER OF -0- See Response to Item 5 SHARES ____________________________________________________________ BENEFICIALLY 8) SHARED VOTING POWER OWNED BY -0- EACH ____________________________________________________________ REPORTING 9) SOLE DISPOSITIVE POWER PERSON -0- See Response to Item 5 WITH ____________________________________________________________ 10) SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 60,783 - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.2% - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON CO - ------------------------------------------------------------------------------ *SEE INSRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D CUSIP No. 237266101 Page 14 of 27 Pages - ------------------------------------------------------------------------------ 1) NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Morgens, Waterfall, Vintiadis & Company, Inc. 13-2674766 - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* AF - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION New York State - ------------------------------------------------------------------------------ NUMBER 7) SOLE VOTING POWER OF -0- See Response to Item 5 SHARES ____________________________________________________________ BENEFICIALLY 8) SHARED VOTING POWER OWNED BY -0- EACH ____________________________________________________________ REPORTING 9) SOLE DISPOSITIVE POWER PERSON -0- See Response to Item 5 WITH ____________________________________________________________ 10) SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 238,204 - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.6% - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON CO - ------------------------------------------------------------------------------ *SEE INSRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D CUSIP No. 237266101 Page 15 of 27 Pages - ------------------------------------------------------------------------------ 1) NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Edwin H. Morgens ###-##-#### - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* AF - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------ NUMBER 7) SOLE VOTING POWER OF -0- See Response to Item 5 SHARES ____________________________________________________________ BENEFICIALLY 8) SHARED VOTING POWER OWNED BY -0- EACH ____________________________________________________________ REPORTING 9) SOLE DISPOSITIVE POWER PERSON -0- See Response to Item 5 WITH ____________________________________________________________ 10) SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,410,667 - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 46.7% - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------ *SEE INSRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D CUSIP No. 237266101 Page 16 of 27 Pages - ------------------------------------------------------------------------------ 1) NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Bruce Waterfall ###-##-#### - ------------------------------------------------------------------------------ 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ------------------------------------------------------------------------------ 3) SEC USE ONLY - ------------------------------------------------------------------------------ 4) SOURCE OF FUNDS* AF - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------ 6) CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------ NUMBER 7) SOLE VOTING POWER OF 17,000 - See Response to Item 5 SHARES ____________________________________________________________ BENEFICIALLY 8) SHARED VOTING POWER OWNED BY -0- EACH ____________________________________________________________ REPORTING 9) SOLE DISPOSITIVE POWER PERSON 17,000 - See Response to Item 5 WITH ____________________________________________________________ 10) SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,404,294 - ------------------------------------------------------------------------------ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 46.5% - ------------------------------------------------------------------------------ 14) TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------ *SEE INSRUCTIONS BEFORE FILLING OUT! Darling International, Inc. Page 17 of 27 Pages Schedule 13D September 18, 1994 Item 1. Security and Issuer. - ------- -------------------- This Amendment No. 5 ("Amendment") amends the statement on Schedule 13D filed by the Reporting Persons (as defined below), with the Commission on September 8, 1994, as amended by Amendment No. 1 filed with the Commission on November 10, 1994, by Amendment No. 2 filed with the Commission on December 7, 1994, by Amendment No. 3 filed with the Commission on March 20, 1995 and by Amendment No. 4 filed with the Commission on April 10, 1995 (collectively, the "Statements") with respect to shares of common stock, par value $.01 per share ("Common Stock") and options to purchase the Common Stock ("Options"), of Darling International, Inc. (the "Issuer"). The principal executive offices of the Issuer are located at 251 O'Connor Ridge Blvd., Suite 300, Irving, Texas 75038. This Amendment supplements and, to the extent inconsistent therewith, amends the information set forth in the Statements. Item 2. Identity and Background. - ------- ------------------------ This Amendment is filed jointly by (a) Phoenix Partners ("Phoenix"), (b) Betje Partners ("Betje"), (c) Phaeton International N.V. ("Phaeton"), (d) Morgens Waterfall Vintiadis Investments N.V. ("MWV"), (e) Morgens Waterfall Income Partners ("MWIP"), (f) Morgens, Waterfall, Vintiadis & Company, Inc. ("Morgens Waterfall"), (g) Restart Partners L.P. ("Restart"), (h) Restart Partners II, L.P. ("Restart II"), (i) Restart Partners III, L.P. ("Restart III"), (j) Restart Partners IV, L.P. ("Restart IV"), (k) Restart Partners V, L.P. ("Restart V"), (l) MWV Employee Retirement Plan Group Trust ("MWV Plan"), (m) The Common Fund for Non-Profit Organizations (the "Common Fund"), (n) Edwin H. Morgens ("Morgens") and (o) Bruce Waterfall ("Waterfall" and together with the persons listed in paragraphs (a) through (n), the "Reporting Persons"). MWV is a subsidiary of Phaeton. Phaeton is a controlling person of MWV by virtue of its ownership of 100% of the outstanding shares of MWV. Phaeton and MWV are Netherlands Antilles limited liability companies having their principal offices at 6 John B. Gorsiraweg, Willemstad, Curacao, Netherlands Antilles. The principal business of MWV is to invest in securities of United States issuers. Phaeton is a holding company which invests in MWV and companies with similar objectives. The sole Managing Director of Phaeton and MWV is Offshore Management Company N.V. ("Offshore"), a Netherlands Antilles Darling International, Inc. Page 18 of 27 Pages Schedule 13D September 18, 1994 limited liability company having its principal office at 6 John B. Gorsiraweg, Willemstad, Curacao, Netherlands Antilles. The principal business of Offshore is to act as Managing Director of corporations domiciled in the Netherlands Antilles, and in that capacity to provide local management, administrative, clerical and accounting services similar to those which it provides to Phaeton and MWV. Phaeton and MWV do not have any officers other than Offshore. Phaeton and MWV have the following Board of Directors: Name Address ---- ------- Halvor Astrup Fearnley Group A/S 35-38 Portman Square London W1HOEU, England Dr. M. Colyer Crum Harvard Business School Cambridge, Massachusetts Bassam Aburdene Capital Trust Ltd. 49 Mount Street London WIY5RE, England Fred Arthur Rank Packard Center 45 45 London Wall London EC2, England Mr. Astrup, a citizen of Norway, is Vice Chairman of Fearnley Group and Chairman of Fearnley Finance Ltd., companies principally engaged in project development in the international shipping industry. Dr. Crum, a U.S. citizen, is a professor at the Harvard Business School, where he holds the James R. Williston Chair of Investment Management. Mr. Aburdene, a U.S. citizen, is a Managing Partner of Capital Trust Limited, a London-based financial services company which is jointly owned by United States and Middle Eastern institutions and investors. Mr. Packard, a British citizen, is a partner of Banco de Investimentos Garantia, a leading Brazilian investment bank. Phoenix, MWIP and Betje are New York limited partnerships having their principal address at 10 East 50th Street, New York, Darling International, Inc. Page 19 of 27 Pages Schedule 13D September 18, 1994 New York 10022. The principal business of Phoenix, MWIP and Betje is to invest in securities of United States issuers. Morgens and Waterfall are (i) the general partners of MWIP and (ii) the managing members of MW Management LLC, which is the general partner of Phoenix. All of the information concerning Morgens and Waterfall is set forth below. Mr. Zanvyl Krieger is the general partner of Betje. The business address of Mr. Krieger is c/o Weinberg and Green, 100 South Charles Street, Baltimore, Maryland 21201. Mr. Krieger's principal occupation is a private investor. Restart, Restart II, Restart III, Restart IV and Restart V are Delaware limited partnerships having their principal address at 10 East 50th Street, New York, New York 10022. The principal business of Restart, Restart II, Restart III, Restart IV and Restart V is to invest in securities of financially troubled companies. The general partner of Restart is Prime Group, L.P. ("Prime Group"), a Delaware limited partnership, having its principal address at 10 East 50th Street, New York, New York 10022. The principal business of Prime Group is to act as the general partner of Restart. The general partner of Prime Group is Prime, Inc., a Delaware corporation ("Prime"), having its principal office at 10 East 50th Street, New York, New York 10022. The principal business of Prime is to act as general partner of Prime Group, Prime II, Prime III, Prime IV and Prime V (as discussed below). Morgens is the Chairman of the Board of Directors and the Secretary of Prime. Waterfall is the President of Prime and is also a Director. All of the information concerning Morgens and Waterfall is set forth below. The general partner of Restart II is Prime Group II, L.P. ("Prime II"), a Delaware limited partnership, having its principal address at 10 East 50th Street, New York, New York 10022. The principal business of Prime II is to act as the general partner of Restart II. The general partner of Prime II is Prime. All of the information concerning Prime is set forth above. The general partner of Restart III is Prime Group III, L.P. ("Prime III"), a Delaware limited partnership, having its principal address at 10 East 50th Street, New York, New York 10022. The principal business of Prime III is to act as the general partner of Restart III. The general partner of Prime III is Prime. All of the information concerning Prime is set forth above. The general partner of Restart IV is Prime Group IV, L.P. ("Prime IV"), a Delaware limited partnership, having its principal Darling International, Inc. Page 20 of 27 Pages Schedule 13D September 18, 1994 address at 10 East 50th Street, New York, New York 10022. The principal business of Prime IV is to act as the general partner of Restart IV. The general partner of Prime IV is Prime. All of the information concerning Prime is set forth above. The general partner of Restart V is Prime Group V, L.P. ("Prime V"), a Delaware limited partnership, having its principal address at 10 East 50th Street, New York, New York 10022. The principal business of Prime V is to act as the general partner of Restart V. The general partner of Prime V is Prime. All of the information concerning Prime is set forth above. MWV Plan is a trust established in 1994 for the benefit of the employees of Morgens Waterfall. The trustees of MWV Plan are David Ericson, Dan Levinson, Morgens, John Raphael and Stephan Yost, all of whom are employees of Morgens Waterfall. MWV Plan's principal address is 10 East 50th Street, New York, New York 10022. Morgens Waterfall is a New York corporation having its principal address at 10 East 50th Street, New York, New York 10022. The business of Morgens Waterfall is rendering of financial services and as such it provides discretionary investment advisory services pursuant to contracts with MWV and Betje. In addition, Morgens Waterfall provides discretionary investment advisory services to the Common Fund and in that capacity has been granted investment authority over the Common Fund to vote securities registered in the name of the Common Fund. Under the rules promulgated by the Securities and Exchange Commission, Morgens Waterfall and its principals may be considered "beneficial owners" of securities acquired by MWV, Betje and the Common Fund as a result of its advisory relationship to MWV, Betje and the Common Fund. Morgens is the Chairman of the Board of Directors and the Secretary of Morgens Waterfall. Waterfall is the President and Assistant Secretary of Morgens Waterfall and is also a Director. Morgens Waterfall has no other officers and directors. The primary occupations of Morgens and Waterfall are to act as the principals in the business of Morgens Waterfall. The business address of Morgens and Waterfall, each of whom is a United States citizen, is at the office of Morgens Waterfall at 10 East 50th Street, New York, New York 10022. Waterfall is also a Director of the Issuer. During the past five years, none of the persons described in this Item 2 have been convicted in a criminal proceeding. None of such persons is, and during the past five years none has been, subject to a judgment, decree or final order enjoining future Darling International, Inc. Page 21 of 27 Pages Schedule 13D September 18, 1994 violations of, or prohibiting or mandating activities subject to, federal or state securities laws, or finding any violations with respect to such laws. Item 3. Source and Amount of Funds or Other Consideration. - ------- -------------------------------------------------- The Common Stock held by the Restart V as reported in this Amendment was purchased in a privately negotiated purchase. The source of the payments by Restart V was working capital, and no part of the purchase price was represented by funds or other consideration specially borrowed or otherwise specifically obtained for the purpose of acquiring, holding, trading or voting the securities. Item 4. Purpose of Transaction. - ------- ----------------------- The Common Stock was acquired by Restart V in a privately negotiated purchase in the ordinary course of business, solely as an investment. Although the Reporting Persons may be deemed to have control of the Issuer by virtue of their ownership of over 47% of the outstanding shares of Common Stock, assuming exercise of the Options, at present they (i) have no plans or proposals that relate to or would result in any of the actions enumerated in Item 4 of Schedule 13D and (ii) are relying on the Issuer's board of directors and management to develop a strategy to enhance the value of shareholder investment in the Issuer. The Reporting Persons reserve the right to buy additional securities of the Issuer or sell securities of the Issuer from time to time. Item 5. Interest in Securities of the Issuer. - ------- ------------------------------------- (a) and (b) The following is the amount of Common Stock, and Options that are beneficially owned by each Reporting Person: Darling International, Inc. Page 22 of 27 Pages Schedule 13D September 18, 1994 Percentage Name # of Shares # of Options Total of Class - ---- ----------- ------------ ----- --------- MWV 59,243 1,540 60,783 1.2 Betje 29,610 774 30,384 .6 MWIP 75,391 2,338 77,729 1.5 Phoenix 84,814 2,166 86,980 1.7 Restart 452,891 14,049 466,940 9.0 Restart II 664,719 20,620 685,339 13.3 Restart III 467,479 14,500 481,979 9.3 Restart IV 291,094 9,029 300,123 5.8 Restart V 50,000 0 50,000 1.0 Common Fund 142,613 4,424 147,037 2.8 MWV Plan 22,813 560 23,373 .5 Waterfall 0 17,000 17,000 .3 --------- --------- --------- ---- Total 2,340,667 87,000 2,427,667 47.1 Phaeton does not directly own any of the Common Stock or Options. Phaeton may be deemed to indirectly beneficially own 60,783 shares of Common Stock, assuming exercise of the Options, by virtue of its 100% ownership of MWV. Morgens Waterfall does not directly own any of the Common Stock or Options. Morgens Waterfall may be deemed to indirectly beneficially own 238,204 shares of Common Stock, assuming exercise of the Options, by virtue of contracts with MWV (60,783 shares), Common Fund (147,037 shares) and Betje (30,384 shares) pursuant to which Morgens Waterfall provides discretionary investment advisory services. Waterfall directly owns Options for 17,000 shares granted pursuant to the Issuer's Non-Employee Director's Stock Option Plan. Waterfall may be deemed to indirectly beneficially own 2,387,294 shares of Common Stock, assuming exercise of the Options, by virtue of his positions as general partner of Phoenix (86,980 shares) and MWIP (77,729 shares); as President, Assistant Secretary and a Director of Morgens Waterfall (238,204 shares); as President and a Director of Prime, as general partner of each of Prime Group, Prime II, Prime III, Prime IV and Prime V, as general partners of Restart (466,940 shares), Restart II (685,339 shares), Restart III (481,979 shares), Restart IV (300,123 shares) and Restart V (50,000 shares) respectively. Morgens does not directly own any of the Common Stock or Options. Morgens may be deemed to indirectly beneficially own 2,410,667 shares of Common Stock, assuming exercise of the Options, Darling International, Inc. Page 23 of 27 Pages Schedule 13D September 18, 1994 by virtue of his positions as general partner of Phoenix (86,980 shares) and MWIP (77,729 shares); as Chairman of the Board of Directors and Secretary of Morgens Waterfall (238,204 shares); as Chairman of the Board of Directors and Secretary of Prime, as general partner of each of Prime Group, Prime II, Prime III, Prime IV and Prime V, as general partners of Restart (466,940 shares), Restart II (685,339 shares), Restart III (481,979 shares), Restart IV (300,123 shares) and Restart V (50,000 shares), respectively; and as trustee of MWV Plan (23,373 shares). Each Reporting Person hereby disclaims that it has any beneficial interest in the securities owned, directly or indirectly, by any other entity. (c) The following is a list of all transactions involving the Common Stock and Options during the past 60 days by any of the Reporting Persons: Common Stock Name Date sold/purchased Price/Share ---- ---- -------------- ----------- Restart V 9/11/96 50,000 purchased $27.00 (d) Except as set forth above, no other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock or Options. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships - ------- with Respect to the Securities of the Issuer. -------------------------------------------------------- Except to the extent described in Items 2 and 5, none of the persons identified in Item 2 is a party to any contract, arrangement, understanding or relationship with respect to any securities of the Issuer. Item 7. Material to be Filed as Exhibits. - ------- --------------------------------- EXHIBIT A Power of Attorney, dated December 15, 1993 granted to Messrs. Morgens and Waterfall by the following parties: Mr. Bruce Waterfall; Phoenix Partners; Morgens Waterfall Income Partners; Betje Partners; Phaeton International N.V.; Morgens, Waterfall, Vintiadis Investments N.V.; The Common Fund for Non-Profit Darling International, Inc. Page 24 of 27 Pages Schedule 13D September 18, 1994 Organizations; Morgens Waterfall Vintiadis & Company, Inc.; Restart Partners, L.P.; Restart Partners II, L.P.; Restart Partners III, L.P.; Restart Partners IV, L.P.; Morgens Waterfall, Vintiadis & Co., Inc. Employees' Profit Sharing Plan; and Mr. Edwin Morgens, for the specific purpose of executing on their behalf any Schedule 13Ds and amendments thereto for filing with the Securities and Exchange Commission pursuant to the requirements of Rule 13d-1(f) (incorporated by reference to Exhibit A of Amendment No. 2 to Schedule 13D filed on December 22, 1993 by Phoenix Partners; Betje Partners; Phaeton International N.V.; Morgens, Waterfall, Vintiadis Investments N.V.; Morgens Waterfall Vintiadis & Company, Inc.; Edwin H. Morgens; and Bruce Waterfall with respect to the common stock, par value $.01 per share, of Sudbury, Inc.). EXHIBIT B Power of Attorney, dated September 18, 1996 granted to Messrs. Morgens and Waterfall by Restart V, L.P. Darling International, Inc. Page 25 of 27 Pages Schedule 13D September 18, 1994 SIGNATURES After reasonable inquiry and to the best knowledge and belief of each person or entity set forth below, each such person or entity certifies that the information set forth in this statement is true, complete and correct and agrees that this statement is filed on behalf of each of them. Dated: September 18, 1996 The Reporting Persons listed herein By: /s/ Bruce Waterfall -------------------------------- Bruce Waterfall, as attorney-in-fact for each of the Reporting Persons Darling International, Inc. Page 26 of 27 Pages Schedule 13D September 18, 1994 EXHIBIT INDEX Page No. -------- Exhibit A Power of Attorney Incorporated by Reference Exhibit B Power of Attorney 27 Darling International, Inc. Page 27 of 27 Pages Schedule 13D September 18, 1994 POWER OF ATTORNEY The undersigned hereby agrees to appoint Edwin H. Morgens and Bruce Waterfall each with full power of substitution, as its attorney-in-fact for the specific purpose of executing on its behalf any Schedule 13Ds and amendments thereto for filing with the Securities and Exchange Commission pursuant to the requirements of Rule 13d-1(f). IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be duly executed as of September 18, 1996. RESTART PARTNERS V, L.P. BY: PRIME GROUP V, L.P., as general partner BY: PRIME, INC., as general partner By: /s/ Bruce Waterfall ------------------------------------- Bruce Waterfall, as agent -----END PRIVACY-ENHANCED MESSAGE-----