-----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, HvcEuQNb6g1KLY2dGsjuIie0Qu7mVu+UZWlgu8+sTEkI6EHSvasIki7VNdXJQmk5 LspLXfrFihr/god9GFhjRg== 0000950131-97-003742.txt : 19970603 0000950131-97-003742.hdr.sgml : 19970603 ACCESSION NUMBER: 0000950131-97-003742 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970602 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: POLYMER GROUP INC CENTRAL INDEX KEY: 0000927417 STANDARD INDUSTRIAL CLASSIFICATION: BROADWOVEN FABRIC MILS, MAN MADE FIBER & SILK [2221] IRS NUMBER: 571003983 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-46353 FILM NUMBER: 97617568 BUSINESS ADDRESS: STREET 1: 4838 JENKINS AVE CITY: NORTH CHARLESTON STATE: SC ZIP: 29405 BUSINESS PHONE: 8037445174 MAIL ADDRESS: STREET 1: 4838 JENKINS AVENUE CITY: NORTH CHARLESTON STATE: SC ZIP: 29405 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ZUCKER JERRY CENTRAL INDEX KEY: 0001040211 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: C/O THE INTERTECH GROUP INC STREET 2: 4838 JENKINS AVE CITY: N CHARLESTON STATE: SC ZIP: 29405 MAIL ADDRESS: STREET 1: C/O INTERTECH GROUP INC STREET 2: 4838 JENKINS AVE CITY: N CHARLESTON STATE: SC ZIP: 29405 SC 13G/A 1 SCHEDULE 13G/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)/1/ Polymer Group, Inc. ------------------- (Name of Issuer) Common Stock, par value $.01 per share -------------------------------------- (Title of Class of Securities) 731745 10 5 ----------- (CUSIP Number) Page 1 of 6 Pages - -------------------------- /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 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 ("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). - ----------------------- --------------------- CUSIP NO. 731745 10 5 13G PAGE 2 OF 6 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 Jerry Zucker S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: [ ] - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 1,505,829 (See Item 4) SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 3,861,208 (See Item 4) OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 1,505,829 (See Item 4) PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 3,861,208 (See Item 4) - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 5,367,037 (See Item 4) - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 [X] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 16.8% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 IN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! Item 1(a) Name of Issuer: -------------- Polymer Group, Inc. (the "Company") Item 1(b) Address of Issuer's Principal Executive Offices: ----------------------------------------------- 4838 Jenkins Avenue North Charleston, SC 29405 Item 2(a) Names of Persons Filing: ----------------------- Jerry Zucker The shares of common stock covered by this statement include 1,505,829 shares held by Mr. Zucker, 3,599,557 shares held by The InterTech Group, Inc. ("InterTech"), and 261,651 shares held by FTG ("FTG"). On February 14, 1997, Mr. Zucker filed a joint Schedule 13G (the "Original Schedule 13G") with InterTech and James G. Boyd. This Amendment No. 1 is filed to reflect the correct number of shares of Common Stock owned by Mr. Zucker, which was inadvertently misstated as 1,430,329 in the Original Schedule 13G. Mr. Zucker's holdings were accurately disclosed in both the Company's Proxy Statement and Section 16 filings. Item 2(b) Address of Principal Business Office or, if none, Residence: ----------------------------------------------------------- (no changes) Item 2(c) Citizenship: ----------- (no changes) Item 2(d) Title of Class of Securities: ---------------------------- Common Stock, par value $.01 per share. Item 2(e) CUSIP No.: --------- 731745 10 5 Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), ------------------------------------------------------------------- check whether the person filing is a: ------------------------------------ This statement is filed pursuant to Rule 13d-1(c). As such, the listed alternatives are not applicable. Item 4 Ownership: --------- (a) Amount Beneficially Owned: The shares of Common Stock of the Company covered by this Amendment No. 1 include 1,505,829 shares held by Mr. Zucker, 3,599,557 shares held by InterTech, and 261,651 shares held by FTG. Mr. Zucker is Chairman, Chief Executive Officer, a Director and the controlling stockholder of both InterTech and FTG, and as a result shares voting and Page 3 of 6 dispositive power over the shares held by InterTech and FTG. Mr. Zucker expressly disclaims beneficial ownership of the shares held by each of InterTech and FTG. Mr. Zucker and certain other shareholders of the Company are parties to a voting agreement, dated as of May 15, 1996 (the "Voting Agreement"), as described in the Original Schedule 13G. After considering the number of shares directly beneficially owned by Mr. Zucker, as revised herein, the parties to the Voting Agreement own approximately 46.5% of the outstanding Common Stock of the Company. As previously disclosed in the Original Schedule 13G, each of the Reporting Persons disclaims beneficial ownership of shares of Common Stock owned by the other parties to the Voting Agreement. (b) Percent of Class: (Based on 32,000,000 shares outstanding as of March 28, 1997) Mr. Zucker 16.8% (c) Number of Shares as to which such person has: (i) Sole power to vote or to direct the vote: 1,505,829 (ii) Shared power to vote or to direct the vote: 3,861,208 (iii) Sole power to dispose or to direct the disposition of: 1,505,829 (iv) Shared power to dispose or to direct the disposition of: 3,861,208 Item 5 Ownership of Five Percent or Less of a Class: -------------------------------------------- If this statement is filed to report the fact that as of the date hereof, the Reporting Persons have ceased to be the beneficially owners of more than five percent of the class of securities, check the following [ ]. 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 Page 4 of 6 Item 8 Identification and Classification of Members of the Group: --------------------------------------------------------- Not applicable Item 9 Notice of Dissolution of Group: ------------------------------ Not applicable Item 10 Certification: ------------- Not applicable Page 5 of 6 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: May 21, 1997 /s/ Jerry Zucker ___________________________________ Print Name: Jerry Zucker Page 6 of 6 -----END PRIVACY-ENHANCED MESSAGE-----