-----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, IcW3idSQkS9CYZpB6zA/uGcoNl3Ga7GjE54oYGvxwmCmQy5/I08kgvBcrCOFZ3ww rZIlc960yBn1Jzy3fkGW6w== 0001019056-06-000143.txt : 20060214 0001019056-06-000143.hdr.sgml : 20060214 20060214105332 ACCESSION NUMBER: 0001019056-06-000143 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060214 DATE AS OF CHANGE: 20060214 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: 06608167 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: Ore Hill Hub Fund Ltd. CENTRAL INDEX KEY: 0001307343 IRS NUMBER: 980379390 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 444 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-389-2333 MAIL ADDRESS: STREET 1: 444 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G/A 1 pioneer_13ga1.txt SCHEDULE 13G, AMENDMENT NO. 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* Pioneer Companies, Inc. ----------------------- (Name of Issuer) Common Stock, par value $.01 per share -------------------------------------- (Title of Class of Securities) 723643300 -------------- (CUSIP Number) December 31, 2005 ------------------------------------------------------- (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this is filed: [X] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] Rule 13d-1(d) * 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). (Page 1 of 10 pages) CUSIP No. 723643300 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Ore Hill Hub Fund Ltd. Tax I.D. 98-0379390 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Cayman Islands - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power 0 Shares Beneficially 6. Shared Voting Power 584,825 Owned by Each Reporting 7. Sole Dispositive Power 0 Person With 8. Shared Dispositive Power 584,825 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 584,825 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See instructions) [ ] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 5.07% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) OO - -------------------------------------------------------------------------------- (Page 2 of 10 pages) CUSIP No. 723643300 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Ore Hill Partners LLC Tax I.D. 03-0420197 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power 0 Shares Beneficially 6. Shared Voting Power 584,825 Owned by Each Reporting 7. Sole Dispositive Power 0 Person With 8. Shared Dispositive Power 584,825 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 584,825 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See instructions) [ ] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 5.07% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IA - -------------------------------------------------------------------------------- (Page 3 of 10 pages) CUSIP No. 723643300 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Benjamin Nickoll - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization USA - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power 0 Shares Beneficially 6. Shared Voting Power 584,825 Owned by Each Reporting 7. Sole Dispositive Power 0 Person With 8. Shared Dispositive Power 584,825 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 584,825 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See instructions) [ ] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 5.07% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- (Page 4 of 10 pages) CUSIP No. 723643300 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Frederick Wahl - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization USA - -------------------------------------------------------------------------------- Number of 5. Sole Voting Power 0 Shares Beneficially 6. Shared Voting Power 584,825 Owned by Each Reporting 7. Sole Dispositive Power 0 Person With 8. Shared Dispositive Power 584,825 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 584,825 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See instructions) [ ] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 5.07% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- (Page 5 of 10 pages) Item 1. (a) Name of Issuer: Pioneer Companies, Inc. (b) Address of Issuer's Principal Executive Offices: 700 Louisiana Street, Suite 4300, Houston, Texas 77002 Item 2. (a) Name of Persons Filing: This Statement relates to shares held by Ore Hill Hub Fund Ltd. ("OH Hub Fund"). Ore Hill Partners LLC ("OH Partners") is the investment manager of the OH Hub Fund, and Benjamin Nickoll ("BN") and Frederick Wahl ("FW") are the Managing Members of OH Partners. Accordingly, each of OH Hub Fund, OH Partners, BN and FW may be deemed to have voting and dispositive power with respect to the shares reported herein. This Amendment No. 1 amends the Schedule 13G filing of OH Hub Fund and OH Partners dated October 20, 2005. This Amendment No. 1 is being filed in order to (i) reflect the change in beneficial ownership of the Common Stock of the Issuer as of December 31, 2005 from that date, (ii) reflect that OH Partners is now an investment adviser registered under Section 203 of the Investment Advisers Act, and (iii) add BN and FW as beneficial holders of such shares. (b) Address of Principal Business Office or, if none, Residence: The address of the principal business office of: (i) OH Hub Fund is c/o Butterfield Fund Services (Cayman) Ltd., P.O. Box 705 GT, Butterfield House, 68 Fort Street, Grand Cayman, Cayman Islands, and (ii) each of OH Partners, BN and FW is 650 Fifth Avenue, 9th Floor, New York, New York 10019. (c) Citizenship: OH Hub Fund is a Cayman Islands exempted company. OH Partners is a Delaware limited liability company. Each of BN and FW are citizens of the United States of America. (d) Title of Class of Securities: Common Stock, par value $.01 per share (e) CUSIP Number: 723643300 Item 3. OH Partners is a registered investment adviser under Section 203 of the Investment Advisers Act and, accordingly, is filing this Statement as: [X] An Investment Adviser in accordance with Rule 13d-1(b)(1)(ii)(E). This Statement is not being filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c) with respect to the other persons joining in the filing of this Statement. Item 4. Ownership. As to each person joining in the filing of this Statement (a) Amount beneficially owned: 584,825 shares held by OH Hub Fund. (b) Percent of class: 5.07%. (c) Number of shares as to which the person has: (Page 6 of 10 pages) (i) Sole power to vote or to direct the vote: 0 . ----------- (ii) Shared power to vote or to direct the vote: 584,825 shares. ---------------- (iii) Sole power to dispose or to direct the disposition of: 0 . ------ (iv) Shared power to dispose or to direct the disposition of: 584,825 shares. -------------- Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: [X] As of the date of this Amendment No. 1 (but not December 31, 2005) the persons joining in this Amendment No. 1 have ceased to be the beneficial owners of more than five percent of the Common Stock of the Issuer. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Not applicable. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of a Group. Not applicable. Item 10. Certification. By signing below OH Partners certifies that, to the best of its knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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. By signing below each of OH Hub Fund, BN and FW 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. (Page 7 of 10 pages) 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. February 13, 2006 ORE HILL PARTNERS LLC, individually and on behalf of ORE HILL HUB FUND LTD. By: /s/ CLAUDE A. BAUM ----------------------------------- Name: Claude A. Baum Title: General Counsel /s/ BENJAMIN NICKOLL --------------------------------------- Benjamin Nickoll /s/ FREDERICK WAHL --------------------------------------- Frederick Wahl (Page 8 of 10 pages) Exhibit Index ------------- Exhibit Page No. - ------- -------- A. Joint Filing Agreement, dated February 13, 2006, by and 10 between Ore Hill Hub Fund Ltd., Ore Hill Partners LLC, Benjamin Nickoll and Frederick Wahl (Page 9 of 10 pages) EXHIBIT A --------- JOINT FILING AGREEMENT The undersigned hereby agree that the statement on Schedule 13G with respect to the Common Stock of Pioneer Companies, Inc. dated February 13, 2006 is, and any amendments thereto (including amendments on Schedule 13D) signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended. February 13, 2006 ORE HILL PARTNERS LLC, individually and on behalf of ORE HILL HUB FUND LTD. By: /s/ CLAUDE A. BAUM ---------------------------------- Name: Claude A. Baum Title: General Counsel /s/ BENJAMIN NICKOLL -------------------------------------- Benjamin Nickoll /s/ FREDERICK WAHL -------------------------------------- Frederick Wahl (Page 10 of 10 pages) -----END PRIVACY-ENHANCED MESSAGE-----