-----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, IFfx0C14n2NIdchhASDT1nwS3rS08Bl39Y8V8in52cEdxaiSxzANXXH7KGXrEjEa pqEG4/KvSjR2U6mi2EHA3Q== 0001015402-02-000455.txt : 20020414 0001015402-02-000455.hdr.sgml : 20020414 ACCESSION NUMBER: 0001015402-02-000455 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PIONEER COMPANIES INC CENTRAL INDEX KEY: 0000830141 STANDARD INDUSTRIAL CLASSIFICATION: CHEMICALS & ALLIED PRODUCTS [2800] IRS NUMBER: 061215192 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-40125 FILM NUMBER: 02541795 BUSINESS ADDRESS: STREET 1: 700 LOUISIANA STREET 2: STE 4200 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7132253831 MAIL ADDRESS: STREET 1: 700 LOUISIANA STREET 2: STE 4200 CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: GEV CORP DATE OF NAME CHANGE: 19930902 FORMER COMPANY: FORMER CONFORMED NAME: FINEVEST FOODS INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BENNETT JAMES D CENTRAL INDEX KEY: 0001027829 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: C/O BENNETT MANAGEMENT CORP STREET 2: 2 STAMFORD PLZ STE 1501 261 TRESSER BLVD CITY: STAMFORD STATE: CT ZIP: 06901 BUSINESS PHONE: 2033533101 MAIL ADDRESS: STREET 1: C/O BENNETT MANAGEMENT CORP STREET 2: 2 STAMFORD PLZ STE 1501 261 TRESSER BLVD CITY: STAMFORD STATE: CT ZIP: 06901 SC 13G/A 1 doc1.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _____________ SCHEDULE 13G (RULE 13D-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13D-1(B), (C) AND (D) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(B) (AMENDMENT NO. 1)1 PIONEER COMPANIES, INC. - -------------------------------------------------------------------------------- (NAME OF ISSUER) COMMON STOCK, $0.01 PAR VALUE PER SHARE - -------------------------------------------------------------------------------- (TITLE OF CLASS OF SECURITIES) 723643300 ------------------------------------------------------ (CUSIP NUMBER) FEBRUARY 5, 2002 ----------------------------------------------------- (DATE OF EVENT THAT REQUIRES FILING OF THIS STATEMENT) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1 (b) [x] Rule 13d-1 (c) [ ] Rule 13d-1 (d) - ------------------------- 1 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 the disclosures provided in a prior cover page. The information required in 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 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP NO. 723643300 13G PAGE 2 OF 5 PAGES - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) James D. Bennett - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [x] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF None SHARES --------------------------------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 1,041,749 EACH --------------------------------------------------------------- REPORTING 7. SOLE DISPOSITIVE POWER PERSON WITH None --------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 1,041,749 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,041,749 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.42% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! -2- Item 1(a). Name of Issuer: Pioneer Companies, Inc. Item 1(b). Address of Issuer's Principal Executive Offices: 700 Louisiana, Suite 4300, Houston, Texas 77002 Item 2(a). Name of Person(s) Filing: (1) James D. Bennett (2) Bennett Restructuring Fund, L.P. ("BRF")(1) (3) Bennett Restructuring Fund II, L.P. ("BRF II")(1) (4) Bennett Offshore Restructuring Fund, Inc. ("BORF")(1) (5) Barclays Global Investors Distressed Specialist Fund I ("Barclays Distressed")(2) Item 2(b). Address of Principal Business Office, or, if None, Residence: (1) James D. Bennett, BRF and BRF II: 2 Stamford Plaza Suite 1501 281 Tresser Boulevard Stamford, Connecticut 06901 (2) BORF: P.O. Box 2003 GT Grand Pavilion Commercial Centre Bougainvillea Way 802 West Bay Road Grand Cayman, Cayman Islands (3) Barclays Distressed: Abbey Court Irish Life Centre Lower Abbey Street Dublin 1 Ireland - -------------------------- 1 The general partner of each of BRF and BRF II is Restructuring Capital Associates, L.P. ("RCA"), a Delaware limited partnership. The general partner of RCA is Bennett Capital Corporation ("BCC"), a Delaware corporation. Mr. Bennett is the President and a director of BCC. Mr. Bennett also is a director of BORF. BRF, BRF II, RCA, BORF and BCC each are involved in the business of investment management. Bennett Management Corporation ("BMC") provides research and investment advisory services to BRF and BRF II pursuant to an agreement with each of these funds. Bennett Offshore Investment Corporation ("BOIC") provides research and investment advisory services to BORF pursuant to an agreement with BORF. Mr. Bennett is the President and a director of each of BMC and of BOIC. 2 Barclays Distressed is a unit trust organized under the laws of Ireland. Barclays Global Investors Limited ("BGI"), a limited company organized under the laws of England and Wales, is the manager of Barclays Distressed. BGI appointed RCA as a sub-advisor to Barclays Distressed. RCA provides investment management services to Barclays Distressed pursuant to an agreement between RCA and Barclays Distressed. -3- Item 2(c). Citizenship: (1) James D. Bennett: USA (2) BRF: Delaware limited partnership (3) BRF II: Delaware limited partnership (4) BORF: Cayman Islands exempted company (5) Barclays Distressed: Ireland unit trust Item 2(d). Title of Class of Securities: Common Stock, $0.01 par value per share Item 2(e). CUSIP Number: 723643300 Item 3. If this statement is filed pursuant to Rule 13d-1(c) check this box.[x] Item 4. Ownership(3): (a) Amount beneficially owned: James D. Bennett: 1,041,749 BRF: 446,910 BRF II: 283,721 BORF: 229,862 Barclays Distressed: 81,256 (b) Percent of class by: James D. Bennett: 10.42% BRF: 4.47% BRF II: 2.84% BORF: 2.30% Barclays Distressed: 0.81% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: -0- (ii) Shared power to vote or to direct the vote: James D. Bennett: 1,041,749 BRF: 446,910 BRF II: 283,721 BORF: 229,862 Barclays Distressed: 81,256 (iii) Sole power to dispose or to direct the disposition of: -0- - -------------------------------- 3 All ownership information reported is as of February 12, 2002. -4- (iv) Shared power to dispose or to direct the disposition of: James D. Bennett: 1,041,749 BRF: 446,910 BRF II: 283,721 BORF: 229,862 Barclays Distressed: 81,256 Item 5. Ownership of Five Percent or Less of a Class. N/A Item 6. Ownership of More than Five Percent on Behalf of Another Person. N/A Item 7. Identification and Classification of the Subsidiary That Acquired the Security Being Reported by the Parent Holding Company or Control Person. N/A Item 8. Identification and Classification of Members of the Group. N/A Item 9. Notice of Dissolution of the Group. N/A Item 10. Certification: By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature --------- After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 12, 2002 /s/ James D. Bennett ------------------------------ James D. Bennett -5- -----END PRIVACY-ENHANCED MESSAGE-----