-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, hledld/oHUsXexDus4TmdL4JBXSVuTrd5Pid2sNSkkBwXYBxUZUIAePWNoMSdZwR ON2fPSpRw8dL/aWIFtG4SA== 0000900421-94-000038.txt : 19941110 0000900421-94-000038.hdr.sgml : 19941110 ACCESSION NUMBER: 0000900421-94-000038 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19941109 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: KAISER ALUMINUM CORP CENTRAL INDEX KEY: 0000811596 STANDARD INDUSTRIAL CLASSIFICATION: 3334 IRS NUMBER: 943030279 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-38488 FILM NUMBER: 94558238 BUSINESS ADDRESS: STREET 1: 5847 SAN FELIPE STE 2600 CITY: HOUSTON STATE: TX ZIP: 77057 BUSINESS PHONE: 7139757600 FORMER COMPANY: FORMER CONFORMED NAME: KAISERTECH LTD DATE OF NAME CHANGE: 19901122 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MAXXAM INC CENTRAL INDEX KEY: 0000063814 STANDARD INDUSTRIAL CLASSIFICATION: 6552 IRS NUMBER: 952078752 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 5847 SAN FELIPE STE 2600 CITY: HOUSTON STATE: TX ZIP: 77057 BUSINESS PHONE: 7132673669 MAIL ADDRESS: STREET 1: P O BOX 572887 CITY: HOUSTON STATE: TX ZIP: 77257-2887 FORMER COMPANY: FORMER CONFORMED NAME: MCO HOLDINGS INC DATE OF NAME CHANGE: 19881115 FORMER COMPANY: FORMER CONFORMED NAME: MCCULLOCH OIL CORP DATE OF NAME CHANGE: 19800630 FORMER COMPANY: FORMER CONFORMED NAME: MCCULLOCH OIL CORP OF CALIFORNIA DATE OF NAME CHANGE: 19691118 SC 13D/A 1 13D/A NO. 2 FOR KAISER ALUMINUM SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A (Amendment No. 2) Under the Securities Exchange Act of 1934 KAISER ALUMINUM CORPORATION (Name of Issuer) $.65 DEPOSITARY SHARES (EACH REPRESENTING ONE-TENTH OF A SHARE OF SERIES A MANDATORY CONVERSION PREMIUM DIVIDEND PREFERRED STOCK) (Title of Class of Securities) Depositary Shares: 483007 20 9 (Series A Preferred Stock: 483007 30 8) (CUSIP Number) Anthony R. Pierno, Esq. Vice President & General Counsel 5847 San Felipe, Suite 2600 Houston, Texas 77057 (713) 267-3671 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) November 1, 1994 (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. / / Check the following box if a fee is being paid with this statement. / / SCHEDULE 13D/A AMENDMENT NO. 2 CUSIP No. 483007 20 9 483007 30 8 - --------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON MAXXAM INC. - --------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) / / - --------------------------------------------------------------------------- 3) SEC USE ONLY - --------------------------------------------------------------------------- 4) SOURCE OF FUNDS 00 - --------------------------------------------------------------------------- 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 924,450 NUMBER ------------------------------------------------------- OF 8) SHARED VOTING POWER SHARES N/A BENEFICIALLY ----------------------------------------------- OWNED BY 9) SOLE DISPOSITIVE POWER EACH 924,450 REPORTING ------------------------------------------------------- PERSON 10) SHARED DISPOSITIVE POWER WITH N/A - --------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,209,850 - --------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11) EXCLUDES CERTAIN SHARES / / - --------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11) 4.8% - --------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON HC - --------------------------------------------------------------------------- SCHEDULE 13D/A AMENDMENT NO. 2 CUSIP No. 483007 20 9 483007 30 8 - --------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON FEDERATED DEVELOPMENT COMPANY - --------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (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 NEW YORK - --------------------------------------------------------------------------- 7) SOLE VOTING POWER N/A NUMBER ------------------------------------------------------- OF 8) SHARED VOTING POWER SHARES See Item 5 BENEFICIALLY ----------------------------------------------- OWNED BY 9) SOLE DISPOSITIVE POWER EACH N/A REPORTING ------------------------------------------------------- PERSON 10) SHARED DISPOSITIVE POWER WITH See Item 5 - --------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON See Item 5 - --------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11) EXCLUDES CERTAIN SHARES / / - --------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11) See Item 5 - --------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON OO - --------------------------------------------------------------------------- SCHEDULE 13D/A AMENDMENT NO. 2 CUSIP No. 483007 20 9 483007 30 8 - --------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON CHARLES E. HURWITZ - --------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (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 UNITED STATES OF AMERICA - --------------------------------------------------------------------------- 7) SOLE VOTING POWER N/A NUMBER ------------------------------------------------------- OF 8) SHARED VOTING POWER SHARES See Item 5 BENEFICIALLY ----------------------------------------------- OWNED BY 9) SOLE DISPOSITIVE POWER EACH N/A REPORTING ------------------------------------------------------- PERSON 10) SHARED DISPOSITIVE POWER WITH See Item 5 - --------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON See Item 5 - --------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11) EXCLUDES CERTAIN SHARES / / - --------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11) See Item 5 - --------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON IN - --------------------------------------------------------------------------- SCHEDULE 13D/A AMENDMENT NO. 2 ITEM 1. SECURITY AND ISSUER. The class of equity securities to which this amendment to the Statement on Schedule 13D (the "Statement") relates is the $.65 Depositary Shares (the "Depositary Shares") of Kaiser Aluminum Corporation, a Delaware corporation (the "Company"), each representing one-tenth of a shares of Series A Mandatory Conversion Premium Dividend Preferred Stock of the Company. The principal executive offices of the Company are located at 5847 San Felipe, Suite 2600, Houston, Texas 77057. ITEM 2. IDENTITY AND BACKGROUND. (a) - (c) This Statement is being filed by MAXXAM Inc., a Delaware corporation ("MAXXAM"), Federated Development Company, a New York business trust ("Federated"), and Charles E. Hurwitz (collectively, the "Reporting Persons"). As of the date of this Statement, Federated and Mr. Hurwitz together beneficially own 2,741,042 shares of Common Stock of MAXXAM, or approximately 31.3% of the outstanding Common Stock of MAXXAM (the "MAXXAM Common Stock"), and 657,917 shares of Class A $.05 Non- Cumulative Participating Convertible Preferred Stock (the "MAXXAM Preferred Stock"), or approximately 97% of the outstanding shares of MAXXAM Preferred Stock, representing 59.9% of the total voting power of MAXXAM. Federated is wholly owned by Mr. Hurwitz, members of his immediate family and trusts for the benefit thereof. MAXXAM, through its beneficial ownership of approximately 60.1% of the voting power of the outstanding capital stock of the Company (on a fully diluted basis), is a fully integrated producer of aluminum. Through its wholly owned subsidiaries, including The Pacific Lumber Company, Scotia Pacific Holding Company and SHRP, Inc., MAXXAM is also engaged in forest products operations and real estate management and development as a general partner of the first Class 1 horse racing track in Texas. Federated is engaged in real estate management and development and in the management of real estate loans and, through its interest in MAXXAM, the businesses conducted by MAXXAM. The principal offices of MAXXAM and Federated are located at 5847 San Felipe, Suite 2600, Houston, TX 77057. The name, business address and present principal occupation or employment of each of the executive officers, directors and trustees of MAXXAM and Federated (including Mr. Hurwitz) are set forth in Schedule I hereto, which is incorporated herein by reference. (d) - (e) During the last five years, none of the Reporting Persons, nor, to the best knowledge of the Reporting Persons, the persons listed on Schedule I hereto, has been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) or 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) Each natural person identified in this Item 2 is a citizen of the United States of America. ITEM 4. PURPOSE OF TRANSACTION. From time to time commencing September 27, 1994, MAXXAM has sold and plans to continue offers and sales of shares it owns of Depositary Shares. Except as set forth herein, the Reporting Persons have no present plans or proposals that would result in or relate to any of the transactions required to be described in Item 4 of Schedule 13D. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) - (c) As of the date of this Statement, MAXXAM owns 924,450 or approximately 4.8% of the Depositary Shares outstanding and has sole power to vote and dispose of such Depositary Shares. As of the date of this Statement, 1,201,300 Depositary Shares have been sold by MAXXAM pursuant to a Registration Statement on Form S-3, Registration No. 33- 50581, filed November 12, 1993 and declared effective by the Securities and Exchange Commission on November 15, 1993. The Depositary Shares are listed with the New York Stock Exchange and the sales of such Depositary Shares were made through registered broker-dealers in the following series of transactions: Trade Date Settlement Date Share Amount Price ---------- ---------------- ------------ ------- 09/27/94 10/04/94 10,000 $8.2500 10/03/94 10/11/94 1,000 8.2500 10/04/94 10/12/94 100,000 8.1250 10/04/94 10/12/94 500 8.2500 10/31/94 11/07/94 11,600 8.5000 11/01/94 11/08/94 500,000 8.2750 11/02/94 11/09/94 300,000 8.3750 11/03/94 11/10/94 252,200 8.4628 11/04/94 11/11/94 1,000 8.6250 11/07/94 11/14/94 25,000 8.5000 11/08/94 11/15/94 7,200 8.5000 MAXXAM also owns 50,000,000 shares of Company Common Stock. See Item 4. By reason of Federated's ownership of shares of MAXXAM Common Stock and MAXXAM Preferred Stock and Mr. Hurwitz's ownership of Federated and his position as an officer, director and/or trustee of Federated and MAXXAM, Federated and Mr. Hurwitz may be deemed to possess, indirectly, shared power to vote or dispose of, the Depositary Shares and the Company Common Stock owned by MAXXAM. Pursuant to Rule 13d-4, Federated and Mr. Hurwitz disclaim beneficial ownership of such Depositary Shares. Other than as aforesaid, none of the persons identified in response to Item 2 beneficially own, or have engaged within the past 60 days in any transaction in, the Depositary Shares. (e) As of November 3, 1994, MAXXAM ceased to be the beneficial owner of more than five percent of the outstanding Depositary Shares. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Not applicable. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Exhibit 1 Agreement of joint filing pursuant to Rule 13d-1(f) promulgated under the Securities Exchange Act of 1934, as amended. SIGNATURE After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this Statement is true, complete and correct. Dated: November 8, 1994 MAXXAM INC. By: BYRON L. WADE Byron L. Wade Vice President, Secretary and Deputy General Counsel SIGNATURE After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this Statement is true, complete and correct. Dated: November 8, 1994 FEDERATED DEVELOPMENT COMPANY By: JAMES H. PAULIN, JR. James H. Paulin, Jr. Secretary and Treasurer SIGNATURE After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this Statement is true, complete and correct. Dated: November 8, 1994 CHARLES E. HURWITZ Charles E. Hurwitz EXHIBIT INDEX EXHIBIT DESCRIPTION PAGE ------------- ---------------------------------------- ----- 1 Agreement of joint filing pursuant to 14 Rule 13d-1(f) promulgated under the Securities Exchange Act of 1934, as amended SCHEDULE I EXECUTIVE OFFICERS AND DIRECTORS The name and present principal occupation or employment of each of the executive officers, directors and trustees of MAXXAM and Federated are set forth below. Name and Present Principal Positions Held Occupation or Employment Business Address - ------------------ ------------------------- ------------------ MAXXAM: - ------- Charles E. Hurwitz Chairman of the Board, 5847 San Felipe, Chairman of the President and Chief Suite 2600 Board, President, Executive Officer of Houston, TX 77057 Chief Executive MAXXAM; Chairman of the Officer and Board, President, Chief Director Executive Officer and Trustee of Federated; Director of the Company, MAXXAM and KACC Robert J. Certified Public 2001 Kirby, Suite Cruikshank Accountant 315 Director Houston, TX 77019 Ezra G. Levin Partner, the law firm of Kramer, Levin, Director Kramer, Levin, Naftalis, Naftalis, Nessen, Kamin & Frankel, Nessen, Kamin & Frankel 919 Third Avenue, 40th Floor New York, NY 10022 Stanley D. Partner, the law firm of Rosenberg, Tuggey, Rosenberg Rosenberg, Tuggey & Agather & Director Agather Rosenthal 140 E. Houston Street, Suite 220 San Antonio, TX 78205 John T. La Duc Vice President--Chief 5847 San Felipe, Senior Vice Financial Officer of the Suite 2600 President-- Company, KACC, Scotia Houston, TX 77057 Chief Financial Pacific Holding Company Officer and The Pacific Lumber Company; Senior Vice President--Chief Financial Officer of MAXXAM; Director of The Pacific Lumber Company and Scotia Pacific Holding Company Anthony R. Pierno Vice President and 5847 San Felipe, Senior Vice General Counsel of the Suite 2600 President and Company, KACC, The Houston, TX 77057 General Counsel Pacific Lumber Company and Scotia Pacific Holding Company; Senior Vice President and General Counsel of MAXXAM Paul N. Schwartz Director and Vice 5847 San Felipe, Senior Vice President of Scotia Suite 2600 President-- Pacific Holding Company Houston, TX 77057 Corporate and The Pacific Lumber Development Company; President, Chief Executive Officer and Director of United Financial Group, Inc.; Senior Vice President-- Corporate Development of MAXXAM Robert E. Cole Vice President--Federal 5847 San Felipe, Vice President-- Government Affairs of Suite 2600 Federal Government MAXXAM and The Pacific Houston, TX 77057 Affairs Lumber Company; Vice President, Government Affairs of KACC Diane M. Dudley Vice President-- Chief 5847 San Felipe, Vice President-- Personnel Officer of Suite 2600 Chief Personnel MAXXAM Houston, TX 77057 Officer Robert W. Irelan Vice President-- Public 5847 San Felipe, Vice President-- Relations of KACC, MAXXAM Suite 2600 Public Relations and The Pacific Lumber Houston, TX 77057 Company Ronald L. Reman Vice President--Taxes of 5847 San Felipe, Vice President-- MAXXAM; Assistant Suite 2600 Taxes Treasurer of the Company Houston, TX 77057 and KACC Byron L. Wade Vice President, Secretary 5847 San Felipe, Vice President, and Deputy General Suite 2600 Secretary and Counsel of the Company, Houston, TX 77057 Deputy General MAXXAM, The Pacific Counsel Lumber Company, Scotia Pacific Holding Company and KACC FEDERATED: - ---------- Chairman of the Board, 5847 San Felipe, Charles E. Hurwitz President and Chief Suite 2600 Chairman of the Executive Officer of Houston, TX 77057 Board, President, MAXXAM; Chairman of the Chief Executive Board, President, Chief Officer and Executive Officer and Trustee Trustee of Federated; Director of the Company, MAXXAM and KACC Ezra G. Levin Partner, the law firm of Kramer, Levin, Trustee Kramer, Levin, Naftalis, Naftalis, Nessen, Kamin & Frankel, Nessen, Kamin & Frankel 919 Third Avenue, 40th Floor New York, NY 10022 David B. Learner President of MRCA MRCA Information Trustee Information Services, Services, Inc. Inc., a market research 4 Landmark Square and consulting firm Stamford, CT 06901 James H. Paulin, Secretary and Treasurer 5847 San Felipe, Jr. of Federated Suite 2600 Secretary and Houston, TX 77057 Treasurer EX-1 2 AGREEMENT OF JOINT FILING EXHIBIT 1 AGREEMENT OF JOINT FILING Pursuant to Rule 13d-1(f) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned persons hereby agree to file with the Securities and Exchange Commission an amendment to the Statement on Schedule 13D (the "Statement") to which this Agreement is attached as an exhibit, and agree that such Statement, as so filed, is filed on behalf of each of them. IN WITNESS WHEREOF, the undersigned have executed this Agreement as of November 8, 1994. CHARLES E. HURWITZ Charles E. Hurwitz MAXXAM INC. By: BYRON L. WADE Byron L. Wade Vice President, Secretary and Deputy General Counsel FEDERATED DEVELOPMENT COMPANY By: JAMES H. PAULIN, JR. James H. Paulin, Jr. Secretary and Treasurer -----END PRIVACY-ENHANCED MESSAGE-----