-----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, Q0l9jHRxGc4ucsSaVIvR2TNcSWA/SMoYBrYk/ZCzQDzaCyaPLb4llvrgyFSmI3qh ESie6cllrwhUvQbB5tUmEg== 0000950131-02-004874.txt : 20021213 0000950131-02-004874.hdr.sgml : 20021213 20021213165812 ACCESSION NUMBER: 0000950131-02-004874 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20021213 GROUP MEMBERS: FTG, INC. GROUP MEMBERS: JERRY ZUCKER GROUP MEMBERS: THE INTERTECH GROUP, INC. FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ZUCKER JERRY CENTRAL INDEX KEY: 0001040211 FILING VALUES: FORM TYPE: SC 13D/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 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: 0103 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-46353 FILM NUMBER: 02857484 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 SC 13D/A 1 dsc13da.txt AMENDMENT #6 TO SCHEDULE 13D -------------------------- OMB APPROVAL OMB Number: 3235-0145 Expires: October 31, 2002 Estimated average burden hours per response... 14.9 -------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13D Under the Securities Exchange Act of 1934 (Amendment No. 6) Polymer Group, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 731745 10 5 - -------------------------------------------------------------------------------- (CUSIP Number) Jerry Zucker The InterTech Group, Inc. FTG, Inc. 4838 Jenkins Avenue North Charleston, South Carolina 29405 (843) 744-5174 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) COPY TO: H. Kurt von Moltke Kirkland & Ellis 200 E. Randolph Drive Chicago, Illinois 60601 (312) 861-2000 December 11, 2002 - -------------------------------------------------------------------------------- (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 that is the subject of this Schedule 13D, and is filing this schedule because of (S)(S)240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [_] Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See (S)240.13d-7 for other parties to whom copies are to be sent. Page 1 of 12 Pages 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 2 of 12 Pages - -------------------- ------------- CUSIP No. 731745105 13D Page 3 of 12 Pages - -------------------- ------------- [Repeat following page as necessary] - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS / I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Jerry Zucker - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* N/A - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 3,819,058 (See Item 5) SHARES ----------------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 4,368,189 (See Item 5) EACH ----------------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 3,819,058 (See Item 5) WITH ----------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 4,368,189 (See Item 5) - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,187,247 (See Item 5) - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 25.5% (See Item 5) - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* IN ================================================================================ * SEE INSTRUCTIONS. - -------------------- ------------- CUSIP No. 731745105 13D Page 4 of 12 Pages - -------------------- ------------- [Repeat following page as necessary] - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS / I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) The InterTech Group, Inc. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* N/A - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [_] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION South Carolina - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 4,088,568 (See Item 5) SHARES ----------------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY None (See Item 5) EACH ----------------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 4,088,568 (See Item 5) WITH ----------------------------------------------------------- 10. SHARED DISPOSITIVE POWER None (See Item 5) - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,088,568 (See Item 5) - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.8% (See Item 5) - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* CO ================================================================================ * SEE INSTRUCTIONS. - -------------------- ------------- CUSIP No. 731745105 13D Page 5 of 12 Pages - -------------------- ------------- [Repeat following page as necessary] - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS / I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) FTG, Inc - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* N/A - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [_] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION South Carolina - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 261,651 (See Item 5) SHARES ----------------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY None (See Item 5) EACH ----------------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 261,651 (See Item 5) WITH ----------------------------------------------------------- 10. SHARED DISPOSITIVE POWER None (See Item 5) - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 261,651 (See Item 5) - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.8% (See Item 5) - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* CO ================================================================================ * SEE INSTRUCTIONS. This Amendment No. 6 amends and supplements the statement on Schedule 13D (as previously amended and supplemented, the "Statement") with respect to the Common Stock, par value $.01 per share (the "Common Stock"), of Polymer Group, Inc. (the "Issuer"), as previously filed and amended by Jerry Zucker, The InterTech Group, Inc. ("InterTech") and FTG, Inc. ("FTG") (together, the "Reporting Persons"). James G. Boyd is not a Reporting Person for purposes of this Statement, but information on Mr. Boyd is provided by virtue of the fact that he is Executive Vice President, Treasurer, Secretary and a Director of both InterTech and FTG. Capitalized terms used herein but not otherwise defined herein shall have the meanings ascribed to them in the Statement. Except as indicated herein, the information set forth in the Statement remains unchanged. Item 2. Identity and Background. Item 2 is hereby amended to incorporate by reference the amended Exhibit A, which is filed as an exhibit to this Amendment No. 6. Item 4. Purpose of Transaction. The Reporting Persons may acquire additional shares of Common Stock from time to time for investment purposes. The Reporting Persons have no other plans or proposals which would relate to or result in any action described in the instructions to this Item 4. Item 5. Interest in Securities of the Issuer. (a) The shares of Common Stock covered by this Statement beneficially owned by the Reporting Persons and Mr. Boyd are as follows (based on 32,004,200 shares outstanding in the case of FTG and InterTech; 32,004,200 shares outstanding and 155,000 shares subject to options held by Mr. Zucker that are exercisable within 60 days in the case of Mr. Zucker; and 32,004,200 shares outstanding and 92,500 shares subject to options held by Mr. Boyd that are exercisable within 60 days in the case of Mr. Boyd; all as of November 4, 2002):
Name Shares Beneficially Owned Percentage of Class ------------------------- ------------------------- ------------------- Jerry Zucker ............ 8,187,247 25.5% InterTech ............... 4,088,568 12.8% FTG ..................... 261,651 0.8% James G. Boyd ........... 5,069,268 15.8%
The shares of Common Stock reflected above include 3,819,058 shares held by Mr. Zucker (including 155,000 shares subject to options exercisable within 60 days), 7,080 shares held by Mr. Zucker's wife, 10,890 held in trust by Mr. Zucker's children, 4,088,568 shares held by InterTech, 261,651 shares held by FTG and 719,049 shares held by Mr. Boyd (including 92,500 shares subject to options exercisable within 60 days). Mr. Zucker is Chairman, Chief Executive Officer, a Director and the controlling stockholder of both InterTech and FTG, and as a result may be deemed to share voting and dispositive power over the shares held by InterTech and FTG. Mr. Boyd is the Executive Vice President, Treasurer, Secretary, a Director and a stockholder of both InterTech and FTG, and as a result may be deemed to share voting and dispositive power over the shares held by InterTech and FTG. Messrs. Zucker and Boyd each expressly disclaim Page 6 of 12 Pages beneficial ownership of the shares held by each of InterTech and FTG. Mr. Zucker also expressly disclaims beneficial ownership of the shares held in the names of his wife and children. In addition to the shares described above, Mr. Zucker holds options to purchase shares of Common Stock which are not currently beneficially owned by Mr. Zucker pursuant to Rule 13d-3(d)(1), because such options are not exercisable within 60 days. Such currently unexercisable options consist of the following: (A) under the Issuer's 1996 Key Employee Stock Option Plan (the "1996 Plan"), Mr. Zucker holds options to purchase an additional 130,000 shares of Common Stock (at a purchase price of $1.88 per share), which options vest in equal annual installments on September 24, 2003 through September 24, 2004; and (B) under the Issuer's 2001 Key Employee Stock Option Plan (the "2001 Plan"), Mr. Zucker holds options to purchase an additional 25,000 shares of Common Stock (at a purchase price of $2.75 per share), which options vest in equal annual installments on June 6, 2003 through June 6, 2004. The Reporting Persons and certain other shareholders of the Issuer are parties to a Voting Agreement. The Voting Agreement provides that the parties thereto will vote in the same manner on certain issues, including the election of directors. Collectively, the parties to the Voting Agreement own 15,311,340 or 47.5% of the outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of shares of Common Stock owned by the other parties to the Voting Agreement. Exhibit A to this Amendment No. 6, which is incorporated herein by reference, sets forth the following information with respect to each party to the Voting Agreement: (i) name, (ii) address of principal business office, and (iii) the number of shares of Common Stock owned by such party. (b) Number of shares of Common Stock as to which such person has: (i) Sole power to vote or to direct the vote: Jerry Zucker ......................... 3,819,058 InterTech ............................ 4,088,568 FTG .................................. 261,651 James G. Boyd ........................ 719,049 (ii) Shared power to vote or to direct the vote: Jerry Zucker ......................... 4,368,189 James G. Boyd ........................ 4,350,219 (iii) Sole power to dispose or to direct the disposition of: Jerry Zucker ......................... 3,819,058 InterTech ............................ 4,088,568 FTG .................................. 261,651 James G. Boyd ........................ 719,049 Page 7 of 12 Pages (iv) Shared power to dispose or to direct the disposition of: Jerry Zucker ....................... 4,368,189 James G. Boyd ...................... 4,350,219 The filing of this Statement shall not be construed as an admission by Mr. Zucker, InterTech, FTG, Mr Boyd or any party to the Voting Agreement that such person is, for the purpose of Section 13(d), 13(g) or any other Section of the Exchange Act, the beneficial owner of any securities covered by this Statement. (c) In the past 60 days, the following transactions have occurred involving the persons named in paragraph (a) above: As disclosed herein, on December 11, 2002, Mr. Zucker sold 320,000 shares of Common Stock on the open market over the OTC Bulletin Board for consideration of $.10 per share. (d) No person other than the Reporting Persons has the right to receive or the power to direct the receipt of dividends from or the proceeds from the sale of the Common Stock owned beneficially by any of the Reporting Persons. (e) Inapplicable. Item 7. Material to be filed as Exhibits. Exhibit A - Exhibit A is hereby amended to incorporate by reference the information set forth in amended Exhibit A, which is filed herewith. Exhibit K - Joint Filing Agreement among the Reporting Persons pursuant to Rule 13d-1(f) under the Securities Exchange Act of 1934, as amended, relating the filing of this Amendment No. 6 to Schedule 13D. Page 8 of 12 Pages SIGNATURES After reasonable inquiry and to the best of each of the undersigned's knowledge and belief, each of the undersigned certify that the information set forth in this statement is true, complete and correct. Date: December 13, 2002 /s/ Jerry Zucker -------------------------------------- Name: Jerry Zucker The InterTech Group, Inc. /s/ Jerry Zucker -------------------------------------- Name: Jerry Zucker Its: Chairman, President and CEO FTG, Inc. /s/ Jerry Zucker -------------------------------------- Name: Jerry Zucker Its: Chairman, President and CEO Page 9 of 12 Pages EXHIBIT A Parties to the Voting Agreement
Address of Principal Number of Shares of Name Business Office Common Stock(a) - ------------------------------------ --------------------------------------------------- --------------------------- Jerry Zucker 4838 Jenkins Avenue 3,819,058 North Charleston, SC 29405 James G. Boyd 4838 Jenkins Avenue 719,049 North Charleston, SC 29405 The InterTech Group, Inc. 4838 Jenkins Avenue 4,088,568 North Charleston, SC 29405 FTG, Inc. 4838 Jenkins Avenue 261,651 North Charleston, SC 29405 Golder, Thoma, Cressey Fund III, L.P. c/o Golder, Thoma, Cressey, Rauner, Inc. 5,627,176 6100 Sears Tower Chicago, IL 60606 Leeway & Co. c/o State Street Bank and Trust Co. 795,838 Master Trust Division-Q4W P.O. Box 1992 Boston, MA 02110
------------------ (a) Share information provided in this Exhibit A is based on the most recent information available to the Reporting Persons through public disclosure or otherwise. Each Reporting Person makes no representations as to the accuracy of information set forth herein other than for itself. Page 10 of 12 Pages EXHIBIT K SCHEDULE 13D JOINT FILING AGREEMENT The undersigned and each other person executing this joint filing agreement (this "Agreement") agree as follows: (i) The undersigned and each other person executing this Agreement are individually eligible to use this Schedule 13D to which this Exhibit is attached and this Amendment No. 6 to Schedule 13D is filed on behalf of the undersigned and each other person executing this Agreement; and (ii) The undersigned and each other person executing this Agreement are responsible for the timely filing of such Schedule 13D and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of the undersigned or any other person executing this Agreement is responsible for the completeness or accuracy of the information statement concerning any other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which, taken together, shall constitute one and the same instrument. * * * * * * Page 11 of 12 Pages Date: December 13, 2002 /s/ Jerry Zucker ---------------------------------------- Name: Jerry Zucker The InterTech Group, Inc. /s/ Jerry Zucker ---------------------------------------- Name: Jerry Zucker Its: Chairman, President and CEO FTG, Inc. /s/ Jerry Zucker ---------------------------------------- Name: Jerry Zucker Its: Chairman, President and CEO Page 12 of 12 Pages -----END PRIVACY-ENHANCED MESSAGE-----