-----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, LGnkMulpnOKMWt0N4bTtc2QHd7Yf4dSyGHp4trSCIUlmOufiIC+SVz0sLhrN/ubl uyL4VIyGDVJQdafk4e9fPQ== 0000950142-01-000209.txt : 20010417 0000950142-01-000209.hdr.sgml : 20010417 ACCESSION NUMBER: 0000950142-01-000209 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20010416 GROUP MEMBERS: MESIROW EVENT STRATEGIES FUND, L.P. GROUP MEMBERS: THE VARDE FUND (CAYMAN), LTD. GROUP MEMBERS: THE VARDE FUND IV-A, L.P. GROUP MEMBERS: THE VARDE FUND, L.P. GROUP MEMBERS: VARDE INTERNATIONAL MANAGEMENT, INC. GROUP MEMBERS: VARDE MANAGEMENT, INC. GROUP MEMBERS: VARDE PARTNERS INC GROUP MEMBERS: VARDE PARTNERS, INC. GROUP MEMBERS: VARDE PARTNERS, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ANCHOR GLASS CONTAINER CORP /NEW CENTRAL INDEX KEY: 0001052163 STANDARD INDUSTRIAL CLASSIFICATION: GLASS CONTAINERS [3221] IRS NUMBER: 593417812 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-54231 FILM NUMBER: 1603016 BUSINESS ADDRESS: STREET 1: 1 ANCHOR PLAZA STREET 2: 4343 ANCHOR PLAZA PARKWAY CITY: TAMPA STATE: FL ZIP: 33634-7513 BUSINESS PHONE: 8138840000 MAIL ADDRESS: STREET 1: 1 ANCHOR PLAZA STREET 2: 4343 ANCHOR PLAZA PARKWAY CITY: TAMPA STATE: FL ZIP: 33634-7513 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VARDE PARTNERS INC CENTRAL INDEX KEY: 0001054846 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 3600 WEST 80TH STREET STREET 2: STE 225 CITY: MINNEAPOLIS STATE: MN ZIP: 55431 MAIL ADDRESS: STREET 1: 3600 WEST 80TH STREET STREET 2: STE 225 CITY: MINNEAPOLIS STATE: MN ZIP: 55431 SC 13D 1 0001.txt SCHEDULE 13D ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ----------------------- SCHEDULE 13D Under the Securities Exchange Act of 1934 ----------------------- ANCHOR GLASS CONTAINER CORPORATION (Name of Company) COMMON STOCK, PAR VALUE $0.10 PER SHARE (Title of Class of Securities) 033038209 (CUSIP Number) GEORGE G. HICKS VARDE PARTNERS, INC. 3600 WEST 80TH STREET, SUITE 425 MINNEAPOLIS, MN 55431 TEL. NO.: (952) 893-1554 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) ----------------------- APRIL 5, 2001 (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(e), 1(f) or 1(g), check the following box [_]. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. 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 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). ================================================================================ - ----------------------------- ------------------------------ 03308209 Page 2 of 23 - ----------------------------- ------------------------------ - -------------------------------------------------------------------------------- NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Varde Fund, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [_] - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 130,629 SHARES -------------------------------------------------- BENEFICIALLY OWNED BY EACH 8 SHARED VOTING POWER REPORTING PERSON 0 WITH -------------------------------------------------- 9 SOLE DISPOSITIVE POWER 130,629 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 130,629 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.7% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- - ----------------------------- ------------------------------ 03308209 Page 3 of 23 - ----------------------------- ------------------------------ - -------------------------------------------------------------------------------- NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Varde Fund IV-A, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [_] - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 280,138 SHARES -------------------------------------------------- BENEFICIALLY OWNED BY EACH 8 SHARED VOTING POWER REPORTING PERSON 0 WITH -------------------------------------------------- 9 SOLE DISPOSITIVE POWER 280,138 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 280,138 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.6% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- - ----------------------------- ------------------------------ 03308209 Page 4 of 23 - ----------------------------- ------------------------------ - -------------------------------------------------------------------------------- NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Varde Fund (Cayman), Ltd. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [_] - -------------------------------------------------------------------------------- 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 Cayman Islands - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 148,526 SHARES -------------------------------------------------- BENEFICIALLY OWNED BY EACH 8 SHARED VOTING POWER REPORTING PERSON 0 WITH -------------------------------------------------- 9 SOLE DISPOSITIVE POWER 148,526 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 148,526 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.5% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- - ----------------------------- ------------------------------ 03308209 Page 5 of 23 - ----------------------------- ------------------------------ - -------------------------------------------------------------------------------- NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Varde Partners, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [_] - -------------------------------------------------------------------------------- 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 Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 410,767 SHARES -------------------------------------------------- BENEFICIALLY OWNED BY EACH 8 SHARED VOTING POWER REPORTING PERSON 0 WITH -------------------------------------------------- 9 SOLE DISPOSITIVE POWER 410,767 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 410,767 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 16.2% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- - ----------------------------- ------------------------------ 03308209 Page 6 of 23 - ----------------------------- ------------------------------ - -------------------------------------------------------------------------------- NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Varde Partners, Inc. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [_] - -------------------------------------------------------------------------------- 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 Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 410,767 SHARES -------------------------------------------------- BENEFICIALLY OWNED BY EACH 8 SHARED VOTING POWER REPORTING PERSON 0 WITH -------------------------------------------------- 9 SOLE DISPOSITIVE POWER 410,767 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 410,767 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 16.2% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- - ----------------------------- ------------------------------ 03308209 Page 7 of 23 - ----------------------------- ------------------------------ - -------------------------------------------------------------------------------- NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Varde International Management, Inc. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [_] - -------------------------------------------------------------------------------- 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 Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 148,526 SHARES -------------------------------------------------- BENEFICIALLY OWNED BY EACH 8 SHARED VOTING POWER REPORTING PERSON 0 WITH -------------------------------------------------- 9 SOLE DISPOSITIVE POWER 148,526 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 148,526 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.5% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- - ----------------------------- ------------------------------ 03308209 Page 8 of 23 - ----------------------------- ------------------------------ - -------------------------------------------------------------------------------- NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Mesirow Event Strategies Fund, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [_] - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 39,603 SHARES -------------------------------------------------- BENEFICIALLY OWNED BY EACH 8 SHARED VOTING POWER REPORTING PERSON 0 WITH -------------------------------------------------- 9 SOLE DISPOSITIVE POWER 39,603 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 39,603 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.8% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- - ----------------------------- ------------------------------ 03308209 Page 9 of 23 - ----------------------------- ------------------------------ - -------------------------------------------------------------------------------- NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Varde Management, Inc. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [_] - -------------------------------------------------------------------------------- 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 Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 39,603 SHARES -------------------------------------------------- BENEFICIALLY OWNED BY EACH 8 SHARED VOTING POWER REPORTING PERSON 0 WITH -------------------------------------------------- 9 SOLE DISPOSITIVE POWER 39,603 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 39,603 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.8% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- - ----------------------------- ------------------------------ 03308209 Page 10 of 23 - ----------------------------- ------------------------------ ITEM 1. SECURITY AND COMPANY. The title of the class of equity securities of Anchor Glass Container Corporation, a Delaware corporation (the "Company"), to which this statement (this "Statement") relates is the Company's Common Stock, par value $0.10 per share (the "Common Stock"). The address of the principal executive office of the Company is One Anchor Plaza, 4343 Anchor Plaza Parkway, Tampa, Florida 33634-7513. ITEM 2. IDENTITY AND BACKGROUND. (a) This Statement is filed by (i) The Varde Fund, L.P., a Delaware limited partnership (the "Partnership"), (ii) The Varde Fund IV-A, L.P., a Delaware limited partnership ("Partnership IV"), (iii) The Varde Fund (Cayman), Ltd., a Cayman Islands limited corporation (the "Cayman Fund"), (iv) Varde Partners, L.P., a Delaware limited partnership and general partner of each of the Partnership and Partnership IV (the "General Partner"), (v) Varde Partners, Inc., a Delaware corporation and general partner of the General Partner ("Varde GP"), (vi) Varde International Management, Inc., a Delaware corporation and manager of the Cayman Fund ("Varde International"), (vii) Mesirow Event Strategies Fund, L.P., a Delaware limited partnership ("Mesirow"), and (viii) Varde Management, Inc., a Delaware corporation and manager of Mesirow ("VMI") ((i) through (viii) above collectively, the "Reporting Persons"). The Reporting Persons may be deemed a "group" for purposes of Section 13(d) and Rule 13d-1(f) under the Act because of their relationships. (b) - (c) (i) The principal business of each of the Partnership and Partnership IV is investment in securities. The sole general partner of each of the Partnership and Partnership IV is the General Partner. The principal business of the General Partner is investment management. The sole general partner of the General - ----------------------------- ------------------------------ 03308209 Page 11 of 23 - ----------------------------- ------------------------------ Partner is Varde GP. The sole business of Varde GP is investment management. The business address of each of the Partnership, Partnership IV, the General Partner and Varde GP is 3600 West 80th Street, Suite 425, Minneapolis, Minnesota 55431. (ii) The principal business of the Cayman Fund is investment in securities. The manager of the Cayman Fund is Varde International. The sole business of Varde International is investment management. The business address of the Cayman Fund is 2nd Floor Harbour Centre, P.O. Box 896, George Town, BWI. The business address of Varde International is 3600 West 80th Street, Suite 425, Minneapolis, Minnesota 55431. (iii) The principal business of Mesirow is investment in securities. The manager of Mesirow is VMI. The sole business of VMI is investment management. The business address of Mesirow is 350 North Clark Street, Chicago, IL 60610. The business address of VMI is 3600 West 80th Street, Suite 425, Minneapolis, Minnesota 55431. (iv) Pursuant to Instruction C to Schedule 13D of the Act, the name, residence or business address, and present principal occupation or employment of each director and executive officer of each of the General Partner, Varde GP, Varde International and VMI (such directors and executive officers collectively referred to as the "Principals") are as follows:
PRINCIPAL OCCUPATION NAME BUSINESS ADDRESS OR EMPLOYMENT ---- ---------------- ------------- George G. Hicks 3600 West 80th Street, Suite 425 Director and Vice President Minneapolis, MN 55431 of the General Partner, Varde GP, Varde International and VMI. Gregory S. McMillan 3600 West 80th Street, Suite 425 Director and Vice President Minneapolis, MN 55431 of the General Partner, Varde GP, Varde International and VMI.
- ----------------------------- ------------------------------ 03308209 Page 12 of 23 - ----------------------------- ------------------------------
PRINCIPAL OCCUPATION NAME BUSINESS ADDRESS OR EMPLOYMENT ---- ---------------- ------------- Marcia L. Page 3600 West 80th Street, Suite 425 Director and Vice President Minneapolis, MN 55431 of the General Partner, Varde GP, Varde International and VMI.
(d) During the last five years, none of the Reporting Persons or the Principals has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) During the last five years, none of the Reporting Persons or the Principals has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) George G. Hicks, Gregory S. McMillan and Marcia L. Page are each citizens of the United States of America. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. (i) Between April 1997 and December 1997, the Reporting Persons purchased with their own funds 10.25% Notes (the "Notes") of the Anchor Resolution Corp. (f.k.a. Anchor Glass Container Corp., "Old Anchor"), which had filed for bankruptcy in September 1996. From December 1998 to May 2000, the Reporting Persons received distributions with respect to the Notes from the Anchor Liquidating Trust, a grantor trust governed by the laws of New York, pursuant to the terms of Old Anchor's Plan of Reorganization, effective January 30, 1998. These distributions consisted in part of Series A Common Stock, Series A Preferred Stock, Warrants to purchase Series A Common Stock ("Series A Warrants") and Warrants to purchase - ----------------------------- ------------------------------ 03308209 Page 13 of 23 - ----------------------------- ------------------------------ Series C Common Stock ("Series C Warrants" and together with the Series A Warrants, the "Warrants"). (ii) The Principals do not currently own any securities of the Company. ITEM 4. PURPOSE OF TRANSACTION. The Reporting Persons acquired the Notes for investment purposes. The Reporting Persons retain the Common Stock, the Series A Preferred Stock and the Warrants they received as distributions with respect to the Notes primarily for investment purposes. However, the Reporting Persons and the Principals have become disenchanted with the current management of the Company. On October 13, 2000, certain of the Reporting Persons were among the plaintiffs in COMAC ET AL. V. GHAZNAVI ET AL., No. 18417 (Del. Ch. Filed October 13, 2000), a derivative action lawsuit filed in the Delaware Court of Chancery which alleges INTER ALIA that certain directors and officers of the Company breached their fiduciary duties to the Company and the minority shareholders, and that John J. Ghaznavi ("Ghaznavi"), the chief executive officer and chairman of the Board of Directors of the Company, and the majority shareholders and certain of its affiliated corporations, all of which are directly or indirectly controlled by Ghaznavi, engaged in improper self-dealing, were unjustly enriched at the expense of the Company and usurped a business opportunity rightfully belonging to the Company. The Reporting Persons and the Principals desire to participate more actively to influence the conduct of the Company and may ultimately take action to change the management of the Company. Pursuant to the Certificate of Designations, Preferences and Relative, Participating, Option or Other Rights, and the Qualifications, Limitations or Restrictions - ----------------------------- ------------------------------ 03308209 Page 14 of 23 - ----------------------------- ------------------------------ Thereof of the Series A 10% Cumulative Convertible Preferred Stock of the Company, as amended (the "Certificate of Designations"), if the Company does not pay dividend payments to the holders of Series A Preferred Stock equal to or greater than the payments due for twelve quarters, five directors are automatically added to the Board of Directors of the Company, bringing the total number of directors from 13 to 18. The holders of Series A Preferred Stock have the right to vote for these directors as a class. As the Company has not paid at least twelve quarterly dividend payments on the Series A Preferred Stock, the Reporting Persons intend to participate in the election of five additional directors. The Reporting Persons and the Principals have contacted other holders of Series A Preferred Stock to discuss the election of these additional directors. The Reporting Persons delivered to the Company on April 5, 2001 a consent for the election of these five additional directors. The Reporting Persons and the Principals may be deemed to form a "group," for purposes of Section 13(d) of the Act, with other holders of Series A Preferred Stock. The Reporting Persons and the Principals disclaim that a group has been formed with any other holders of Series A Preferred Stock. From time to time the Reporting Persons and the Principals may acquire additional shares of Common Stock, Series A Preferred Stock or Warrants or dispose of some or all of the shares of Common Stock, Series A Preferred Stock or Warrants owned by them. The Reporting Persons continue to monitor and evaluate their investment in the Company in light of pertinent factors, including the following: (i) the Company's business, operations, assets, financial condition and prospects and (ii) market, general economic and other conditions. In light of the foregoing factors and the plans and - ----------------------------- ------------------------------ 03308209 Page 15 of 23 - ----------------------------- ------------------------------ requirements of the Reporting Persons and the Principals from time to time, the Reporting Persons and the Principals may determine either directly or indirectly to (i) acquire additional securities of the Company, (ii) dispose of some or all of the securities of the Company which they beneficially own, or (iii) propose a merger, consolidation, joint venture or other business combination involving the Company or its subsidiaries or divisions, a sale or purchase of assets or securities of the Company or its subsidiaries or divisions, a recapitalization, reorganization or liquidation involving the Company or its subsidiaries or divisions or other similar actions. The Reporting Persons and the Principals reserve the right, either individually or in any combination among themselves or together with one or more of the other stockholders of the Company, to determine in the future to take or cause to be taken one or more of the foregoing actions. Any sale or disposition of shares of Common Stock, Series A Preferred Stock or Warrants by the Reporting Persons may be made by means of privately negotiated sales, registered offerings or other transactions or by seeking to cause the Company to effect one or more of the transactions set forth above. In addition, the Reporting Persons, the Principals or their affiliates may determine to increase or decrease their interests in the Company through one or more transactions in the open market or to distribute some or all of their interests in the Company to their partners or members. Other than as described in this Statement, the Reporting Persons and the Principals do not have either plans or proposals that relate to or would result in: (i) the acquisition by any person of additional securities of the Company or any of its subsidiaries or the disposition of securities of the Company or any of its subsidiaries; (ii) an extraordinary corporate transaction, such as a merger, reorganization or - ----------------------------- ------------------------------ 03308209 Page 16 of 23 - ----------------------------- ------------------------------ liquidation, involving the Company or any of its subsidiaries; (iii) a sale or transfer of a material amount of assets of the Company or of any of its subsidiaries; (iv) any change in the present Board of Directors or management of the Company or any of its subsidiaries, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (v) any material change in the present capitalization or dividend policy of the Company; (vi) any other material change in the Company's business or corporate structure; (vii) any changes in the Company's charter, by-laws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Company by any persons; (viii) causing the Common Stock to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (ix) any class of equity securities of the Company becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or (x) any action similar to any of those enumerated above. The Reporting Persons and the Principals reserve the right, either individually or in any combination among themselves or together with one or more of the other stockholders of the Company, to determine in the future to take or cause to be taken one or more of the foregoing actions. ITEM 5. INTEREST IN SECURITIES OF THE COMPANY. (a) - (b) As of the date hereof, the Partnership owns 130,629 shares of Common Stock (which includes 25,715 shares of Series A Preferred Stock and Warrants exercisable for 15,113 shares of Common Stock owned by the Partnership), which constitutes 5.7% of the Company's issued and outstanding shares of Common Stock (assuming conversion of all of the Partnership's Series A Preferred Stock and the exercise of all of the Partnership's Warrants and based on the 2,158,755 issued and - ----------------------------- ------------------------------ 03308209 Page 17 of 23 - ----------------------------- ------------------------------ outstanding shares of Common Stock as of October 31, 2000 reported by the Company in its Form 10Q filed on November 14, 2000); has sole voting power with respect to 130,629 shares of Common Stock; and has sole dispositive power with respect to 130,629 shares of Common Stock. As of the date hereof, Partnership IV owns 280,138 shares of Common Stock (which includes 55,148 shares of Series A Preferred Stock and Warrants exercisable for 32,406 shares of Common Stock owned by Partnership IV), which constitutes 11.6% of the Company's issued and outstanding shares of Common Stock (assuming conversion of all of Partnership IV's Series A Preferred Stock and the exercise of all of Partnership IV's Warrants); has sole voting power with respect to 280,138 shares of Common Stock; and has sole dispositive power with respect to 280,138 shares of Common Stock. As of the date hereof, the Cayman Fund owns 148,526 shares of Common Stock (which includes 29,239 shares of Series A Preferred Stock and Warrants exercisable for 17,181 shares of Common Stock owned by the Cayman Fund), which constitutes 6.5% of the Company's issued and outstanding shares of Common Stock (assuming conversion of all of the Cayman Fund's Series A Preferred Stock and the exercise of all of the Cayman Fund's Warrants); has sole voting power with respect to 148,526 of shares of Common Stock; and has sole dispositive power with respect to 148,526 shares of Common Stock. As of the date hereof, Mesirow owns 39,603 shares of Common Stock (which includes 7,796 shares of Series A Preferred Stock and Warrants exercisable for 4,582 shares of Common Stock owned by Mesirow), which constitutes 1.8% of the - ----------------------------- ------------------------------ 03308209 Page 18 of 23 - ----------------------------- ------------------------------ Company's issued and outstanding shares of Common Stock (assuming conversion of all of Mesirow's Series A Preferred Stock and the exercise of all of Mesirow's Warrants); has sole voting power with respect to 39,603 shares of Common Stock; and has sole dispositive power with respect to 39,603 shares of Common Stock. The General Partner and Varde GP each may be deemed to own beneficially 410,767 shares of Common Stock (which includes 80,863 shares of Series A Preferred Stock and Warrants exercisable for 47,519 shares of Common Stock owned by the Partnership and Partnership IV), which constitutes approximately 16.2% of the outstanding Shares (assuming conversion of all of the Series A Preferred Stock and exercise of all of the Warrants owned by the Partnership and Partnership IV); have sole voting power with respect to 410,767 shares of Common Stock; and have sole dispositive power with respect to 410,767 shares of Common Stock. Varde International may be deemed to own beneficially 148,526 shares of Common Stock (which includes 29,239 shares of Series A Preferred Stock and Warrants exercisable for 17,181 shares of Common Stock owned by the Cayman Fund). These shares constitute approximately 6.5% of the outstanding Shares (assuming conversion of all of the Series A Preferred Stock and exercise of all of the Warrants owned by the Cayman Fund). Varde International may be deemed to have sole voting power with respect to 148,526 shares of Common Stock and have sole dispositive power with respect to 148,526 shares of Common Stock. VMI may be deemed to own beneficially 39,603 shares of Common Stock (which includes 7,796 shares of Series A Preferred Stock and Warrants exercisable for 4,582 shares of Common Stock owned by Mesirow). These shares constitute - ----------------------------- ------------------------------ 03308209 Page 19 of 23 - ----------------------------- ------------------------------ approximately 1.8% of the outstanding Shares (assuming conversion of all of the Series A Preferred Stock and exercise of all of the Warrants owned by Mesirow). VMI may be deemed to have sole voting power with respect to 39,603 shares of Common Stock and have sole dispositive power with respect to 39,603 shares of Common Stock. As of the date hereof, the Principals do not own any securities of the Company. This Statement does not include additional shares of Common Stock, Series A Preferred Stock or Warrants that are held by the Anchor Liquidating Trust that the Reporting Persons may have the right to receive and may be deemed to own beneficially because the exact number of such shares and Warrants has not been determined at this time. (c) Except as set forth herein, to the knowledge of the Reporting Persons and the Principals with respect to the persons named in response to paragraph (a), none of the persons named in response to paragraph (a) has effected any transactions in shares of Common Stock during the past 60 days. (d) No person other than the persons listed 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, any securities owned by any member of the group. (e) Not Applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO THE COMPANY. None. - ----------------------------- ------------------------------ 03308209 Page 20 of 23 - ----------------------------- ------------------------------ ITEM 7. MATERIALS TO BE FILED AS EXHIBITS. Exhibit 1: Certificate of Designations, incorporated by reference to the Company's Form S-1, filed with the Securities and Exchange Commission (the "Commission") on November 12, 1997. Exhibit 2: Amendment to the Certificate of Designations, incorporated by reference to the Company's Form 10, filed with the Commission on August 7, 1998. Exhibit 3: Agreement relating to the filing of joint acquisition statements as required by Rule 13d-1(k)(1) under the Act. SIGNATURES 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 April 16, 2001 THE VARDE FUND, L.P. By: Varde Partners, L.P., its general partner By: Varde Partners, Inc., its general partner By: /s/ George G. Hicks --------------------------------------- Name: George G. Hicks Title: Vice President THE VARDE FUND IV-A By: Varde Partners, L.P., its general partner By: Varde Partners, Inc., its general partner By: /s/ George G. Hicks --------------------------------------- Name: George G. Hicks Title: Vice President VARDE PARTNERS, L.P. By: Varde Partners, Inc., its general partner By: /s/ George G. Hicks --------------------------------------- Name: George G. Hicks Title: Vice President VARDE PARTNERS, INC. By: /s/ George G. Hicks --------------------------------------- Name: George G. Hicks Title: Vice President VARDE FUND (CAYMAN), LTD. By: Varde International Management, Inc., its manager By: /s/ George G. Hicks --------------------------------------- Name: George G. Hicks Title: Vice President VARDE INTERNATIONAL MANAGEMENT, INC. By: /s/ George G. Hicks --------------------------------------- Name: George G. Hicks Title: Vice President MESIROW EVENT STRATEGIES FUND, L.P. By: Varde Management, Inc., its manager By: /s/ George G. Hicks --------------------------------------- Name: George G. Hicks Title: Vice President VARDE MANAGEMENT, INC. By: /s/ George G. Hicks --------------------------------------- Name: George G. Hicks Title: Vice President EX-99 2 0002.txt EXHIBIT 3 EXHIBIT 3 to SCHEDULE 13D JOINT ACQUISITION STATEMENT PURSUANT TO RULE 13D-1(k)(1) The undersigned acknowledge and agree that the foregoing statement on Schedule 13D is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13D shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him, her or it contained herein, but shall not be responsible for the completeness and accuracy of the information concerning the other entities or persons, except to the extent that he, she or it knows or has reason to believe that such information is accurate. Dated: April 16, 2001 THE VARDE FUND, L.P. By: Varde Partners, L.P., its general partner By: Varde Partners, Inc., its general partner By: /s/ George G. Hicks --------------------------------------- Name: George G. Hicks Title: Vice President THE VARDE FUND IV-A By: Varde Partners, L.P., its general partner By: Varde Partners, Inc., its general partner By: /s/ George G. Hicks --------------------------------------- Name: George G. Hicks Title: Vice President VARDE PARTNERS, L.P. By: Varde Partners, Inc., its general partner By: /s/ George G. Hicks --------------------------------------- Name: George G. Hicks Title: Vice President VARDE PARTNERS, INC. By: /s/ George G. Hicks --------------------------------------- Name: George G. Hicks Title: Vice President VARDE FUND (CAYMAN), LTD. By: Varde International Management, Inc., its manager By: /s/ George G. Hicks --------------------------------------- Name: George G. Hicks Title: Vice President VARDE INTERNATIONAL MANAGEMENT, INC. By: /s/ George G. Hicks --------------------------------------- Name: George G. Hicks Title: Vice President MESIROW EVENT STRATEGIES FUND, L.P. By: Varde Management, Inc., its manager By: /s/ George G. Hicks --------------------------------------- Name: George G. Hicks Title: Vice President VARDE MANAGEMENT, INC. By: /s/ George G. Hicks --------------------------------------- Name: George G. Hicks Title: Vice President -----END PRIVACY-ENHANCED MESSAGE-----