-----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, JIuy7JwgYWOcO/EXYaTxztz7N3Xz+9+NPOhDka7SkXb/hNVPCZnD1Th6ggpwbD0l TUUi/8QU5CeDb+oeQyek/g== 0000950123-05-011792.txt : 20051003 0000950123-05-011792.hdr.sgml : 20051003 20051003172953 ACCESSION NUMBER: 0000950123-05-011792 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20051003 DATE AS OF CHANGE: 20051003 GROUP MEMBERS: WL ROSS & CO. LLC GROUP MEMBERS: WLR RECOVERY ASSOCIATES II LLC GROUP MEMBERS: WLR RECOVERY ASSOCIATES III LLC GROUP MEMBERS: WLR RECOVERY FUND II, L.P. GROUP MEMBERS: WLR RECOVERY FUND III, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ZAPATA CORP CENTRAL INDEX KEY: 0000109177 STANDARD INDUSTRIAL CLASSIFICATION: FATS & OILS [2070] IRS NUMBER: 741339132 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-19362 FILM NUMBER: 051118724 BUSINESS ADDRESS: STREET 1: 100 MERIDIAN CENTRE STREET 2: SUITE 350 CITY: ROCHESTER STATE: NY ZIP: 14618 BUSINESS PHONE: 585 242 2000 MAIL ADDRESS: STREET 1: 100 MERIDIAN CENTRE STREET 2: SUITE 350 CITY: ROCHESTER STATE: NY ZIP: 14618 FORMER COMPANY: FORMER CONFORMED NAME: ZAPATA NORNESS INC DATE OF NAME CHANGE: 19720314 FORMER COMPANY: FORMER CONFORMED NAME: ZAPATA OFF SHORE CO DATE OF NAME CHANGE: 19690115 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ROSS WILBUR L JR CENTRAL INDEX KEY: 0001026610 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: C/O SYMS CORP STREET 2: SYMS WAY CITY: SECAUCUS STATE: NJ ZIP: 07094 MAIL ADDRESS: STREET 1: ROTHOCHILD INC STREET 2: 1251 AVENUE OF AMERICAS CITY: NEW YORK STATE: NY ZIP: 10020 SC 13D 1 y13283sc13d.txt SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES ACT OF 1934 Zapata Corporation (Name of Issuer) Common Stock, par value $0.01 per share (Title and Class of Securities) 989070602 (CUSIP Number) WL Ross & Co. LLC 600 Lexington Avenue New York, New York 10022 Attention: David H. Storper Facsimile Number: (212) 317-4892 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) September 23, 2005 (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 that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-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-7 for other parties to whom copies are to be sent. (Continued on following pages) (Page 1 of 13 Pages) - ------------------- ------------------ CUSIP NO. 989070602 SCHEDULE 13D PAGE 2 OF 13 PAGES - ------------------- ------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) WL Ross & Co. LLC (1) - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not applicable. - -------------------------------------------------------------------------------- 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 -0- ------------------------------------------------------------- 8 SHARED VOTING POWER NUMBER OF SHARES BENEFICIALLY 10,073,112 (1) (2) OWNED BY EACH REPORTING ------------------------------------------------------------- PERSON WITH 9 SOLE DISPOSITIVE POWER -0- ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,073,112 (1) - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 51.9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IA - -------------------------------------------------------------------------------- (1) The shares are beneficially owned directly by WLR Recovery Fund II, L.P. and WLR Recovery Fund III, L.P. (together, the "Funds"). The general partner of WLR Recovery Fund II, L.P. is WLR Recovery Associates II LLC. Wilbur L. Ross, Jr. is the managing member, and WL Ross and Co., LLC is the investment advisor, of WLR Recovery Associates II LLC. The general partner of WLR Recovery Fund III, L.P. is WLR Recovery Associates III LLC. Wilbur L. Ross, Jr. is the managing member, and WL Ross & Co. LLC is the investment advisor, of WLR Recovery Associates III LLC. Accordingly, WL Ross & Co. LLC, the Funds, WLR Recovery Associates II LLC, WLR Recovery Associates III LLC, and Wilbur L. Ross, Jr. can be deemed to share voting power over the shares beneficially owned directly by the Funds. (2) Limited voting power was granted for the sole purpose of shareholder approval of the Stock Purchase Agreement, dated as of September 23, 2005 (as amended September 26, 2005), by and among the Funds and Zapata Corporation ("Zapata"), which provides for the sale by Zapata to the Funds of all of Zapata's shares of capital stock of Safety Components International, Inc. See Items 4 and 6. - ------------------- ------------------ CUSIP NO. 989070602 SCHEDULE 13D PAGE 3 OF 13 PAGES - ------------------- ------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) WLR Recovery Fund II, L.P. (1) - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not applicable. - -------------------------------------------------------------------------------- 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 -0- ------------------------------------------------------------- 8 SHARED VOTING POWER NUMBER OF SHARES BENEFICIALLY 10,073,112 (1) (2) OWNED BY EACH REPORTING ------------------------------------------------------------- PERSON WITH 9 SOLE DISPOSITIVE POWER -0- ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,073,112 (1) - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 51.9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- (1) The shares are beneficially owned directly by WLR Recovery Fund II, L.P. (the "Fund"). The general partner of the Fund is WLR Recovery Associates II LLC. Wilbur L. Ross, Jr. is the managing member, and WL Ross & Co. LLC is the investment advisor, of WLR Recovery Associates II LLC. Accordingly, WL Ross & Co. LLC, WLR Recovery Associates II LLC, and Wilbur L. Ross, Jr. can be deemed to share voting power over the shares beneficially owned directly by the Fund. (2) Limited voting power was granted for the sole purpose of shareholder approval of the Stock Purchase Agreement, dated as of September 23, 2005 (as amended September 26, 2005), by and among the Funds and Zapata Corporation ("Zapata"), which provides for the sale by Zapata to the Funds of all of Zapata's shares of capital stock of Safety Components International, Inc. See Items 4 and 6. - ------------------- ------------------ CUSIP NO. 989070602 SCHEDULE 13D PAGE 4 OF 13 PAGES - ------------------- ------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) WLR Recovery Fund III, L.P. (1) - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not applicable. - -------------------------------------------------------------------------------- 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 -0- ------------------------------------------------------------- 8 SHARED VOTING POWER NUMBER OF SHARES BENEFICIALLY 10,073,112 (1) (2) OWNED BY EACH REPORTING ------------------------------------------------------------- PERSON WITH 9 SOLE DISPOSITIVE POWER -0- ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,073,112 (1) - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 51.9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- (1) The shares are beneficially owned directly by WLR Recovery Fund III, L.P. (the "Fund"). The general partner of the Fund is WLR Recovery Associates III LLC. Wilbur L. Ross, Jr. is the managing member, and WL Ross & Co. LLC is the investment advisor, of WLR Recovery Associates III LLC. Accordingly, WL Ross & Co. LLC, WLR Recovery Associates III LLC, and Wilbur L. Ross, Jr. can be deemed to share voting power over the shares beneficially owned directly by the Fund. (2) Limited voting power was granted for the sole purpose of shareholder approval of the Stock Purchase Agreement, dated as of September 23, 2005 (as amended September 26, 2005), by and among the Funds and Zapata Corporation ("Zapata"), which provides for the sale by Zapata to the Funds of all of Zapata's shares of capital stock of Safety Components International, Inc. See Items 4 and 6. - ------------------- ------------------ CUSIP NO. 989070602 SCHEDULE 13D PAGE 5 OF 13 PAGES - ------------------- ------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) WLR Recovery Associates II LLC (1) - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not applicable. - -------------------------------------------------------------------------------- 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 -0- ------------------------------------------------------------- 8 SHARED VOTING POWER NUMBER OF SHARES BENEFICIALLY 10,073,112 (1) (2) OWNED BY EACH REPORTING ------------------------------------------------------------- PERSON WITH 9 SOLE DISPOSITIVE POWER -0- ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,073,112 (1) - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 51.9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* 00 - -------------------------------------------------------------------------------- (1) The shares are beneficially owned directly by WLR Recovery Fund II, L.P. (the "Fund") The general partner of the Fund is WLR Recovery Associates II LLC. Wilbur L. Ross, Jr. is the managing member, and WL Ross & Co. LLC is the investment advisor, of WLR Recovery Associates II LLC. Accordingly, WL Ross & Co. LLC, WLR Recovery Associates II LLC, and Wilbur L. Ross, Jr. can be deemed to share voting power over the shares beneficially owned directly by the Fund. (2) Limited voting power was granted for the sole purpose of shareholder approval of the Stock Purchase Agreement, dated as of September 23, 2005 (as amended September 26, 2005), by and among the Funds and Zapata Corporation ("Zapata"), which provides for the sale by Zapata to the Funds of all of Zapata's shares of capital stock of Safety Components International, Inc. See Items 4 and 6. - ------------------- ------------------ CUSIP NO. 989070602 SCHEDULE 13D PAGE 6 OF 13 PAGES - ------------------- ------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) WLR Recovery Associates III LLC (1) - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not applicable. - -------------------------------------------------------------------------------- 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 -0- ------------------------------------------------------------- 8 SHARED VOTING POWER NUMBER OF SHARES BENEFICIALLY 10,073,112 (1) (2) OWNED BY EACH REPORTING ------------------------------------------------------------- PERSON WITH 9 SOLE DISPOSITIVE POWER -0- ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,073,112 (1) - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 51.9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- (1) The shares are beneficially owned directly by WLR Recovery Fund III, L.P. (the "Fund"). The general partner of the Fund is WLR Recovery Associates III LLC. Wilbur L. Ross, Jr. is the managing member, and WL Ross & Co. LLC is the investment advisor, of WLR Recovery Associates III LLC. Accordingly, WL Ross & Co. LLC, WLR Recovery Associates III LLC, and Wilbur L. Ross, Jr. can be deemed to share voting power over the shares beneficially owned directly by the Fund. (2) Limited voting power was granted for the sole purpose of shareholder approval of the Stock Purchase Agreement, dated as of September 23, 2005 (as amended September 26, 2005), by and among the Funds and Zapata Corporation ("Zapata"), which provides for the sale by Zapata to the Funds of all of Zapata's shares of capital stock of Safety Components International, Inc. See Items 4 and 6. - ------------------- ------------------ CUSIP NO. 989070602 SCHEDULE 13D PAGE 7 OF 13 PAGES - ------------------- ------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Wilbur L. Ross (1) - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not applicable. - -------------------------------------------------------------------------------- 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 -0- ------------------------------------------------------------- 8 SHARED VOTING POWER NUMBER OF SHARES BENEFICIALLY 10,073,112 (1) (2) OWNED BY EACH REPORTING ------------------------------------------------------------- PERSON WITH 9 SOLE DISPOSITIVE POWER -0- ------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,073,112 (1) - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 51.9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- (1) The shares are beneficially owned directly by WLR Recovery Fund II, L.P. and WLR Recovery Fund III, L.P. (together, the "Funds"). The general partner of WLR Recovery Fund II, L.P. is WLR Recovery Associates II LLC. Wilbur L. Ross, Jr. is the managing member, and WL Ross and Co., LLC is the investment advisor, of WLR Recovery Associates II LLC. The general partner of WLR Recovery Fund III, L.P. is WLR Recovery Associates III LLC. Wilbur L. Ross, Jr. is the managing member, and WL Ross & Co. LLC is the investment advisor, of WLR Recovery Associates III LLC. Accordingly, WL Ross & Co. LLC, WLR Recovery Associates II LLC, WLR Recovery Associates III LLC, and Wilbur L. Ross, Jr. can be deemed to share voting power over the shares beneficially owned directly by the Funds. (2) Limited voting power was granted for the sole purpose of shareholder approval of the Stock Purchase Agreement, dated as of September 23, 2005 (as amended September 26, 2005), by and among the Funds and Zapata Corporation ("Zapata"), which provides for the sale by Zapata to the Funds of all of Zapata's shares of capital stock of Safety Components International, Inc. See Items 4 and 6. - ------------------- ------------------ CUSIP NO. 989070602 SCHEDULE 13D PAGE 8 OF 13 PAGES - ------------------- ------------------ ITEM 1. SECURITY AND ISSUER. This Schedule 13D relates to the common stock, par value $0.01 per share (the "Common Stock"), of Zapata Corporation, a Nevada corporation (the "Issuer"). The Issuer's principal executive offices are located at 100 Meridian Centre, Suite 350, Rochester, NY 14618. ITEM 2. IDENTITY AND BACKGROUND. (a) Names of Persons Filing: 1. WL Ross & Co. LLC 2. WLR Recovery Fund II, L.P. 3. WLR Recovery Fund III, L.P. 4. WLR Recovery Associates II LLC 5. WLR Recovery Associates III LLC 6. Wilbur L. Ross, Jr. (Each person listed above is a "Reporting Person" and collectively "Reporting Persons") (b) Address of principal business office for each of the Reporting Persons is: 600 Lexington Avenue, 19th Floor New York, New York 10022 (c) The principal occupation of each of the Reporting Persons is that of investment advisor. (d) - (e) None of the Reporting Persons, has, during the last five years, (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or (ii) 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) Citizenship See Item 6 of each cover page. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Not applicable. ITEM 4. PURPOSE OF TRANSACTION. Voting power with respect to the Common Stock is being granted with respect to shareholder approval of a Stock Purchase Agreement (the "Purchase Agreement"), dated as of September 23, 2005 (as amended as of September 26, 2005), by and among WLR Recovery Fund II, L.P., WLR Recovery Fund III, L.P. (together, the "Purchaser") and the Issuer, which provides for the sale by the Issuer to the Purchaser of all of the shares of capital stock of Safety Components International, Inc. beneficially owned by the Issuer (the "Safety Components Shares"), subject to the terms and conditions set forth in the Purchase Agreement. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. - ------------------- ------------------ CUSIP NO. 989070602 SCHEDULE 13D PAGE 9 OF 13 PAGES - ------------------- ------------------ (c) Except as described in this Schedule 13D, none of the Reporting Persons has effected any transactions in the Common Stock during the past 60 days. (d) To the knowledge of the undersigned, Malcolm Glazer Family Limited Partnership has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the shares. (e) Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Malcolm Glazer Family Limited Partnership, a stockholder (the "Selling Stockholder") of the Issuer, has irrevocably (to the fullest extent permitted by applicable law) appointed and constituted those officers of the Purchaser (collectively, the "Proxyholders"), the agents, attorneys and proxies of the Selling Stockholder, with full power of substitution and resubstitution, to the fullest extent of the Selling Stockholder's rights with respect to the shares covered by this Schedule 13D. Limited voting power was granted for a specific purpose. The Proxyholders are empowered, and may exercise the proxy to vote the shares covered by this Schedule 13D at any time at any and every meeting called, and in any action taken by the written consent of the stockholders of the Issuer without a meeting, in favor of the sale of the Safety Components Shares by the Issuer to the Purchaser pursuant to the Purchase Agreement, and any action in furtherance thereof and against approval of any action, agreement or proposal made in opposition to, or in competition therewith. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Exhibit 1 Agreement between WL Ross & Co. LLC, WLR Recovery Fund II, L.P., WLR Recovery Fund III, L.P., WLR Recovery Associates II LLC, WLR Recovery Associates III LLC and Wilbur L. Ross, Jr., as to joint filing of Schedule 13D. Exhibit 2 Disclaimer of Beneficial Ownership by WL Ross & Co. LLC, WLR Recovery Associates II LLC, WLR Recovery Associates III LLC and Wilbur L. Ross, Jr. Exhibit 3 Voting Agreement dated September 23, 2005 among the Malcolm I. Glazer Family Limited Partnership and WLR Recovery Fund III, L.P., as amended by Amendment No. 1 and Joinder dated September 26, 2005 (filed as Exhibit No. 1 to Amendment No. 19 to Schedule 13D, filed by Malcolm I. Glazer Limited Partnership on October 3, 2005, which is hereby incorporated herein by reference) Exhibit 4 Irrevocable Proxy of the Malcolm I. Glazer Family Limited Partnership to WLR Recovery Fund III, L.P., as amended by Amendment No. 1 and Joinder dated September 26, 2005 (filed as Exhibit No. 2 to Amendment No. 19 to Schedule 13D, filed by Malcolm I. Glazer Family Limited Partnership on October 3, 2005, which is hereby incorporated herein by reference)
- ------------------- ------------------- CUSIP NO. 989070602 SCHEDULE 13D PAGE 10 OF 13 PAGES - ------------------- ------------------- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: October 3, 2005 WL ROSS & CO. LLC By: /s/ Wilbur L. Ross, Jr. ------------------------------------ Wilbur L. Ross, Jr., its Managing Member WLR RECOVERY FUND II, L.P. By: WLR Recovery Associates II LLC, its General Partner By: /s/ Wilbur L. Ross, Jr. ------------------------------------ Wilbur L. Ross, Jr., ts Managing Member WLR RECOVERY FUND III, L.P. By: WLR Recovery Associates III LLC, its General Partner By: /s/ Wilbur L. Ross, Jr. ------------------------------------ Wilbur L. Ross, Jr., its Managing Member WLR RECOVERY ASSOCIATES II LLC By: /s/ Wilbur L. Ross, Jr. ------------------------------------ Wilbur L. Ross, Jr., its Managing Member WLR RECOVERY ASSOCIATES III LLC By: /s/ Wilbur L. Ross, Jr. ------------------------------------ Wilbur L. Ross, Jr., its Managing Member /s/ Wilbur L. Ross, Jr. ------------------------------------ Wilbur L. Ross, Jr. - ------------------- ------------------- CUSIP NO. 989070602 SCHEDULE 13D PAGE 11 OF 13 PAGES - ------------------- ------------------- EXHIBIT INDEX TO SCHEDULE 13D ZAPATA CORPORATION Exhibit 1 Agreement between WL Ross & Co. LLC, WLR Recovery Fund II, L.P., WLR Recovery Fund III, L.P., WLR Recovery Associates II LLC, WLR Recovery Associates III LLC and Wilbur L. Ross, Jr., as to joint filing of Schedule 13D. Exhibit 2 Disclaimer of Beneficial Ownership by WL Ross & Co. LLC, WLR Recovery Associates II LLC, WLR Recovery Associates III LLC and Wilbur L. Ross, Jr. Exhibit 3 Voting Agreement dated September 23, 2005 among the Malcolm I. Glazer Family Limited Partnership and WLR Recovery Fund III, L.P., as amended by Amendment No. 1 and Joinder dated September 26, 2005 (filed as Exhibit No. 1 to Amendment No. 19 to Schedule 13D, filed by Malcolm I. Glazer Limited Partnership on October 3, 2005, which is hereby incorporated herein by reference) Exhibit 4 Irrevocable Proxy of the Malcolm I. Glazer Family Limited Partnership to WLR Recovery Fund III, L.P., as amended by Amendment No. 1 and Joinder dated September 26, 2005 (filed as Exhibit No. 2 to Amendment No. 19 to Schedule 13D, filed by Malcolm I. Glazer Family Limited Partnership on October 3, 2005, which is hereby incorporated herein by reference)
EX-99.1 2 y13283exv99w1.txt AGREEMENT AS TO JOINT FILING - ------------------- ------------------- CUSIP NO. 989070602 SCHEDULE 13D PAGE 12 OF 13 PAGES - ------------------- ------------------- EXHIBIT 1 AGREEMENT AS TO JOINT FILING OF SCHEDULE 13D In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree that only one statement containing the information required by Schedule 13D and any further amendments thereto need to be filed with respect to the beneficial ownership by each of the undersigned of shares of common stock of Zapata Corporation, a Nevada corporation, and further agrees that this Joint Filing Agreement be included as an exhibit to the Schedule 13D provided that, as contemplated by Section 13d-1(k)(1)(ii), no person shall be responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate. This Joint Filing Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument. Dated: October 3, 2005 WL ROSS & CO. LLC By: /s/ Wilbur L. Ross, Jr. ------------------------------------ Wilbur L. Ross, Jr., its Managing Member WLR RECOVERY FUND II, L.P. By: WLR Recovery Associates II LLC, its General Partner By: /s/ Wilbur L. Ross, Jr. ------------------------------------ Wilbur L. Ross, Jr., its Managing Member WLR RECOVERY FUND III, L.P. By: WLR Recovery Associates III LLC, its General Partner By: /s/ Wilbur L. Ross, Jr. ------------------------------------ Wilbur L. Ross, Jr., its Managing Member WLR RECOVERY ASSOCIATES II LLC By: /s/ Wilbur L. Ross, Jr. ------------------------------------ Wilbur L. Ross, Jr., its Managing Member WLR RECOVERY ASSOCIATES III LLC By: /s/ Wilbur L. Ross, Jr. ------------------------------------ Wilbur L. Ross, Jr., its Managing Member /s/ Wilbur L. Ross, Jr. ------------------------------------ Wilbur L. Ross, Jr. EX-99.2 3 y13283exv99w2.txt DISCLAIMER OF BENEFICIAL OWNERSHIP - -------------------- ------------------- CUSIP NO. 989070602 SCHEDULE 13D/A PAGE 13 OF 13 PAGES - -------------------- ------------------- EXHIBIT 2 DISCLAIMER OF BENEFICIAL OWNERSHIP Each of the undersigned disclaims beneficial ownership of the securities referred to in the Schedule 13D to which this exhibit is attached, and the filing of this Schedule 13D shall not be construed as an admission that any of the undersigned is, for the purpose of Section 13D or 13G of the Securities Exchange Act of 1934, as amended, the beneficial owner of any securities covered by Schedule 13D. Dated: October 3, 2005 WL ROSS & CO. LLC By: /s/ Wilbur L. Ross, Jr. ------------------------------------ Wilbur L. Ross, Jr., its Managing Member WLR RECOVERY FUND II, L.P. By: WLR Recovery Associates II LLC, its General Partner By: /s/ Wilbur L. Ross, Jr. ------------------------------------ Wilbur L. Ross, Jr., its Managing Member WLR Recovery Fund III, L.P. By: WLR Recovery Associates III LLC, its General Partner By: /s/ Wilbur L. Ross, Jr. ------------------------------------ Wilbur L. Ross, Jr., its Managing Member WLR RECOVERY ASSOCIATES II LLC By: /s/ Wilbur L. Ross, Jr. ------------------------------------ Wilbur L. Ross, Jr., its Managing Member WLR RECOVERY ASSOCIATES III LLC By: /s/ Wilbur L. Ross, Jr. ------------------------------------ Wilbur L. Ross, Jr., its Managing Member /s/ Wilbur L. Ross, Jr. ------------------------------------ Wilbur L. Ross, Jr. -----END PRIVACY-ENHANCED MESSAGE-----