-----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, RWDKiOYw+nwKAP1GjbgfGKh6DMmk6yVyRaH9RW7OFz69iVbChexmZt1kH7YelN8L 056vx7VvV8KAg96EDwYDDA== 0000898432-02-000645.txt : 20020923 0000898432-02-000645.hdr.sgml : 20020923 20020923155107 ACCESSION NUMBER: 0000898432-02-000645 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020923 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SCION CAPITAL LLC CENTRAL INDEX KEY: 0001182422 IRS NUMBER: 912085893 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13G MAIL ADDRESS: STREET 1: 2055 GATEWAY PLACE STREET 2: SUITE 400 CITY: SAN JOSE STATE: CA ZIP: 95110 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PILLOWTEX CORP CENTRAL INDEX KEY: 0000896265 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FABRICATED TEXTILE PRODUCTS [2390] IRS NUMBER: 752147728 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-42495 FILM NUMBER: 02770039 BUSINESS ADDRESS: STREET 1: ONE LAKE CIRCLE DRIVE CITY: KANNAPOLIS STATE: NC ZIP: 28081 BUSINESS PHONE: 704-939-4619 MAIL ADDRESS: STREET 1: ONE LAKE CIRCLE DRIVE CITY: KANNAPOLIS STATE: NC ZIP: 28081 SC 13G 1 sc13g.txt SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-l(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (Amendment No.___)* PILLOWTEX CORPORATION (Name of Issuer) Common Stock, $0.01 par value (Title of Class of Securities) 721506103 (CUSIP Number) September 20, 2002 (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-l(b) [X] Rule 13d-l(c) [ ] Rule 13d-l(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 disclosures provided in a prior cover page. The information required on 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. 721506103 Page 2 of 6 Pages - ----------------------- ------------------- - -------------------------------------------------------------------------------- NAME OF REPORTING PERSON 1 SS. OR I.R.S IDENTIFICATION NO. OF ABOVE PERSON Scion Capital, LLC - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES BENEFICIALLY 1,029,200 OWNED BY ------------------------------------------------------------------ EACH 6 SHARED VOTING POWER REPORTING PERSON 0 WITH ------------------------------------------------------------------ 7 SOLE DISPOSITIVE POWER 1,029,200 ------------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,029,200 ** Please refer to Item 4, Page 4 for disclaimer of beneficial ownership. - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.42% (See Note 1) - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- Note 1 - This Percentage is based on 18,994,000 shares of Common Stock outstanding as of August 1, 2002. SCHEDULE 13G - ----------------------- ------------------- CUSIP No. 721506103 Page 3 of 6 Pages - ----------------------- ------------------- ITEM 1(A). NAME OF ISSUER: Pillowtex Corporation, a Florida Corporation (the "Company"). ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: One Lake Circle Drive, Kannapolis, NC 28081 ITEM 2(A). NAME OF PERSON FILING: The Person filing this statement is Scion Capital, LLC ("LLC"). ITEM 2(B). ADDRESS OF PRINCIPAL OFFICES OR, IF NONE, RESIDENCE: The business address of LLC is 2055 Gateway Place, Suite 400, San Jose, California 95110. ITEM 2(C). CITIZENSHIP: Delaware ITEM 2(D). TITLE OF CLASS OF SECURITIES: Common Stock, $.01 par value ITEM 2(E). CUSIP NUMBER: 721506103 SCHEDULE 13G - ----------------------- ------------------- CUSIP No. 721506103 Page 4 of 6 Pages - ----------------------- ------------------- ITEM 3. IF THE STATEMENT IS BEING FILED PURSUANT TO RULE 13D-L(B), OR 13D-2(B) OR (C), CHECK WHETHER THE FILING PERSON IS A: (a)[ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b)[ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c)[ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d)[ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e)[ ] An investment adviser in accordance with l3d-l(b)(I)(ii)(E); (f)[ ] An employee benefit plan or endowment fund in accordance with 13d-1 (b)(1)(ii)(F); (g)[ ] A parent holding company or control person in accordance with 13d-l(b)(1)(ii)(G); (h)[ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813); (i)[ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j)[ ] Group, in accordance with l3d-l(b)(l)(ii)(J). If this statement is filed pursuant to 13d-1(c), check this box. [X] ITEM 4. OWNERSHIP: The information in Items 5-11 on the cover page (page 2) of this Schedule 13G is incorporated by reference. LLC serves as investment manager to Scion Value Fund, a series of Scion Funds, LLC, a private investment company (the "Fund"). In its role as investment manager, LLC possesses voting and/or investment power over the securities of the Issuer described in this schedule that are owned by the Fund. All securities reported in this schedule are owned by the Fund. LLC disclaims beneficial ownership of such securities. SCHEDULE 13G - ----------------------- ------------------- CUSIP No. 721506103 Page 5 of 6 Pages - ----------------------- ------------------- ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. If this statement is being filed to report the fact that as of the date hereof the reporting person had ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ] ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. LLC serves as investment manager to Scion Value Fund, a series of Scion Funds, LLC, a private investment company (the "Fund"). In its role as investment manager, LLC possesses voting and/or investment power over the securities of the Issuer described in this schedule that are owned by the Fund. All securities reported in this schedule are owned by the Fund. LLC disclaims beneficial ownership of such securities. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. Not Applicable. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. Not Applicable. Item 9. Notice of Dissolution of Group. Not Applicable. ITEM 10. CERTIFICATION. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SCHEDULE 13G - ----------------------- ------------------- CUSIP No. 721506103 Page 6 of 6 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. Dated: September 23, 2002 SCION CAPITAL, LLC By: /s/ Michael J. Burry ------------------------- Dr. Michael J. Burry Managing Member The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. ATTENTION. INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001). -----END PRIVACY-ENHANCED MESSAGE-----