-----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, C/OBAhXSB/b0upXCte70YReD85ZWwyPER77xjeVGV5yw9sdiXhVM/rDBJ20Yze63 SniTQFwTzJKDUhoKqKGtmQ== 0000950134-98-007413.txt : 19980907 0000950134-98-007413.hdr.sgml : 19980907 ACCESSION NUMBER: 0000950134-98-007413 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19980904 SROS: NONE GROUP MEMBERS: BROWN BROTHERS HARRIMAN TRUST CO OF TX GROUP MEMBERS: NBN CAPITAL LTD PARTNERSHIP GROUP MEMBERS: NONA BARNETT GROUP MEMBERS: NORSWORTHY LAMAR SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HOLLY CORP CENTRAL INDEX KEY: 0000048039 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] IRS NUMBER: 751056913 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-08898 FILM NUMBER: 98704891 BUSINESS ADDRESS: STREET 1: 100 CRESCENT COURT STREET 2: STE 1600 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 2148713555 FORMER COMPANY: FORMER CONFORMED NAME: GENERAL APPLIANCE CORP DATE OF NAME CHANGE: 19680508 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NORSWORTHY LAMAR CENTRAL INDEX KEY: 0000948050 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 100 CRESCENT COURT STREET 2: SUITE 1600 CITY: DALLAS STATE: TX ZIP: 75214 MAIL ADDRESS: STREET 1: 100 CRESCENT COURT STREET 2: SUITE 1600 CITY: DALLAS STATE: TX ZIP: 75214 SC 13D/A 1 AMENDMENT NO. 1 TO SCHEDULE 13D 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (RULE 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(a) AND AMENDMENTS FILED PURSUANT TO 13d-2(a) (AMENDMENT NO. 1) Holly Corporation - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, Par Value $.01 - -------------------------------------------------------------------------------- (Title of Class of Securities) 435758305 - -------------------------------------------------------------------------------- (CUSIP Number) Lamar Norsworthy 100 Crescent Court Suite 1600 Dallas, Texas 75201 (214) 871-3555 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) September 1, 1998 - -------------------------------------------------------------------------------- (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(b)(3) or (4), check the following box [ ]. 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. (Continued on following pages) (Page 1 of 8 pages) - ------------ 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 purposes 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). 2 SCHEDULE 13D CUSIP NO. 435758305 PAGE 2 OF 8 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Lamar Norsworthy - -------------------------------------------------------------------------------- 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 U.S. - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 328,859 BENEFICIALLY ----------------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH REPORTING See 12 below. PERSON ----------------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 328,859 ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER See 12 below. - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 328,859 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THAT AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES X Does not include 285,856 shares beneficially owned by the reporting person listed at page 4 of this Schedule 13D, with respect to certain general and limited partner interests with respect to which this reporting person is trustee or a co-trustee. - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- 3 SCHEDULE 13D CUSIP NO. 435758305 PAGE 3 OF 8 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Nona Barrett - -------------------------------------------------------------------------------- 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 U.S. - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 328,132 BENEFICIALLY ----------------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH REPORTING None. PERSON ----------------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 328,132 ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER None. - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 328,132 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THAT AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.0% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- 4 SCHEDULE 13D CUSIP NO. 435758305 PAGE 4 OF 8 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON NBN Capital Limited Partnership, a Texas limited partnership - -------------------------------------------------------------------------------- 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 Texas - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 285,856 BENEFICIALLY ----------------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH REPORTING None. PERSON ----------------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 285,856 ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER None. - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 285,856 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THAT AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.5% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- 5 SCHEDULE 13D CUSIP NO. 435758305 PAGE 5 OF 8 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Brown Brothers Harriman Trust Company of Texas, as trustee of the following trusts: Betty Simmons East Texas Trust, Margaret Simmons East Texas Trust, Suzanne Simmons East Texas Trust, Betty Simmons Nueces County Trust, Margaret Simmons Nueces County Trust, Suzanne Simmons Nueces County Trust - -------------------------------------------------------------------------------- 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 Texas - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 1,511,136* BENEFICIALLY ----------------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH REPORTING None. PERSON ----------------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 1,511,136* ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER None. - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,511,136* - -------------------------------------------------------------------------------- 12 CHECK BOX IF THAT AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 18.3%* - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- *Betty Simmons East Texas 263,242 3.2% Trust Margaret Simmons East Texas 263,242 3.2% Trust Suzanne Simmons East Texas 263,242 3.2% Trust Betty Simmons Nueces County 240,470 2.9% Trust Margaret Simmons Nueces 240,470 2.9% County Trust Suzanne Simmons Nueces 240,470 2.9% County Trust 6 PAGE 6 OF 8 PAGES ITEM 1. SECURITY AND ISSUER The class of securities to which this statement relates is the common stock, $.01 par value (the "Common Stock") of Holly Corporation, a Delaware corporation (the "Issuer"), the principal executive offices of which are located at 100 Crescent Court, Suite 1600, Dallas, Texas 75201. ITEM 2. IDENTITY AND BACKGROUND Lamar Norsworthy is a resident of the State of Texas. His business address is 100 Crescent Court, Suite 1600, Dallas, Texas 75201. Mr. Norsworthy is Chairman of the Board and Chief Executive Officer of Holly Corporation. Mr. Norsworthy is a U.S. citizen. Nona Barrett is a resident of the State of Texas. Ms. Barrett is principally occupied as an investor. Her address is 5745 Chatham Hill Rd., Dallas, Texas 75225. Ms. Barrett is a U.S. citizen. NBN Capital Limited Partnership is a limited partnership organized under the laws of the State of Texas. NBN Assets Management Company, L.L.C., a limited liability company, is its general partner and its principal business address is 2001 Ross Avenue, Suite 1150, Dallas, Texas 75201-2996. Brown Brothers Harriman Trust Company of Texas is a trust company chartered by the State of Texas, and is reporting as trustee for the following trusts: Betty Simmons East Texas Trust, Margaret Simmons East Texas Trust, Suzanne Simmons East Texas Trust, Betty Simmons Nueces County Trust, Margaret Simmons Nueces County Trust, Suzanne Simmons Nueces County Trust. Its principal business address is 2001 Ross Avenue, Suite 1150, Dallas, Texas 75201 and is a wholly owned subsidiary of Brown Brothers Harriman Trust Company, a trust company chartered by the State of New York, which is a subsidiary of Brown Brothers Harriman & Co., a general partnership organized under the laws of the State of New York and licensed as a bank, located at 59 Wall Street, New York, N.Y. 10005. In the last five years, no person listed in this Item 2 has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction, resulting in such person being 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. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION Not Applicable. 7 PAGE 7 OF 8 PAGES ITEM 4. PURPOSE OF TRANSACTION On September 1, 1998, the Agreement and Plan of Merger (the "Merger Agreement") between the Issuer and Giant Industries, Inc. ("Giant"), dated April 14, 1998, was terminated. The termination of the Merger Agreement caused the automatic termination of the related Major Stockholders' Agreement (the "Stockholders' Agreement), dated April 14, 1998, to which the reporting persons are parties. A copy of the Termination of Merger is attached as Exhibit 99.2, and incorporated herein by reference in its entirety. A copy of the Stockholders' Agreement was previously filed as an Exhibit 99.1 to the Schedule 13D filed April 22, 1998, and incorporated herein by reference in its entirety. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Aggregate Sole Shared Sole Shared # of Shares Voting Voting Dispositive Dispositive Reporting Persons Power Power Power Power Lamar Norsworthy 328,859 328,859 0 328,859 0 Nona Barrett 328,132 328,132 0 328,132 0 NBN Capital Limited 285,856 285,856 0 285,856 0 Partnership Brown Brothers Harriman 1,511,136* 1,511,136* 0 1,511,136* 0 Trust Company*
The filing of this statement shall not be construed as an admission by any such person of beneficial ownership of said shares. *Betty Simmons East Texas 263,242 3.2% Trust Margaret Simmons East Texas 263,242 3.2% Trust Suzanne Simmons East Texas 263,242 3.2% Trust Betty Simmons Nueces County 240,470 2.9% Trust Margaret Simmons Nueces 240,470 2.9% County Trust Suzanne Simmons Nueces 240,470 2.9% County Trust
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER The reporting persons are parties to the Stockholders' Agreement, which was terminated as of September 1, 1998. See Item 4. 8 PAGE 8 OF 8 PAGES ITEM 7. MATERIAL PREVIOUSLY FILED AS EXHIBITS
Exhibit Number Description ------ ----------- 99.1 Major Stockholders' Agreement, dated April 14, 1998, by and among the Issuer, Giant, the reporting persons and others named therein. MATERIAL TO BE FILED AS EXHIBITS 99.2 Termination of Merger, dated September 1, 1998, by and between the Issuer and Giant.
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 as of September 3, 1998. /s/ LAMAR NORSWORTHY -------------------------------------------- LAMAR NORSWORTHY /s/ NONA BARRETT -------------------------------------------- NONA BARRETT NBN CAPITAL LIMITED PARTNERSHIP By: NBN Assets Management Company, L.L.C. By: /s/ ROBERT G. MCKENZIE ------------------------------------- Robert G. McKenzie, Manager BETTY SIMMONS EAST TEXAS TRUST By: Brown Brothers Harriman Trust Company of Texas, Trustee By: /s/ ROBERT G. MCKENZIE ------------------------------------- Robert G. McKenzie, Executive Vice President 9 MARGARET SIMMONS EAST TEXAS TRUST By: Brown Brothers Harriman Trust Company of Texas, Trustee By: /s/ ROBERT G. MCKENZIE -------------------------------------- Robert G. McKenzie, Executive Vice President SUZANNE SIMMONS EAST TEXAS TRUST By: Brown Brothers Harriman Trust Company of Texas, Trustee By: /s/ ROBERT G. MCKENZIE -------------------------------------- Robert G. McKenzie, Executive Vice President BETTY SIMMONS NUECES COUNTY TRUST By: Brown Brothers Harriman Trust Company of Texas, Trustee By: /s/ ROBERT G. MCKENZIE -------------------------------------- Robert G. McKenzie, Executive Vice President MARGARET SIMMONS NUECES COUNTY TRUST By: Brown Brothers Harriman Trust Company of Texas, Trustee By: /s/ ROBERT G. MCKENZIE -------------------------------------- Robert G. McKenzie, Executive Vice President 10 SUZANNE SIMMONS NUECES COUNTY TRUST By: Brown Brothers Harriman Trust Company of Texas, Trustee By: /s/ ROBERT G. MCKENZIE ------------------------------------- Robert G. McKenzie, Executive Vice President EX-99.2 2 TERMINATION OF MERGER 1 EXHIBIT 99.2 TERMINATION OF MERGER This Agreement dated as of September 2, 1998, is by and between HOLLY CORPORATION, a Delaware corporation ("Holly"), and GIANT INDUSTRIES, INC., a Delaware corporation ("Giant"). RECITALS A. Giant and Holly have entered into an Agreement and Plan of Merger dated as of April 14, 1998 ("Merger Agreement"). B. The parties have determined that is in the best interests of the corporations and their stockholders to terminate the Merger Agreement and the proposed merger. NOW, THEREFORE, for good and valuable consideration, the parties agree as follow: AGREEMENTS 1. Pursuant to Section 7.01(a) of the Merger Agreement, Giant and Holly hereby terminate the Merger Agreement by mutual written consent. 2. Each of Holly and Giant will hold, and will cause its respective officers, employees, accountants, counsel, financial advisors, and other representatives and affiliates to hold, any non-public information in accordance with the terms of the Confidentiality Agreement, dated April 6, 1998, between Giant and Holly. IN WITNESS WHEREOF, Giant and Holly have caused this Agreement to be executed as of the date first above written. HOLLY CORPORATION /s/ LAMAR NORSWORTHY ----------------------------------- Its: Chairman of the Board and Chief Executive Officer GIANT INDUSTRIES, INC. /s/ JAMES E. ACRIDGE ------------------------------------ Its: Chairman, President and CEO -----END PRIVACY-ENHANCED MESSAGE-----