-----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, SYU+QacxYbRuFgosiIJlUU54qX707UIPpuABXuQkQ+HkLRMAe8H4Civ72+WnJjR0 bg/QLxiyuNHMBZeomMVOYw== 0000914121-08-000689.txt : 20080916 0000914121-08-000689.hdr.sgml : 20080916 20080916164853 ACCESSION NUMBER: 0000914121-08-000689 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20080916 DATE AS OF CHANGE: 20080916 GROUP MEMBERS: EDWARD P. GARDEN GROUP MEMBERS: NELSON PELTZ GROUP MEMBERS: PETER W. MAY GROUP MEMBERS: TRIAN FUND MANAGEMENT GP, LLC GROUP MEMBERS: TRIAN FUND MANAGEMENT, L.P. GROUP MEMBERS: TRIAN PARTNERS GENERAL PARTNER, LLC GROUP MEMBERS: TRIAN PARTNERS GP, L.P. GROUP MEMBERS: TRIAN PARTNERS MASTER FUND, L.P. GROUP MEMBERS: TRIAN PARTNERS PARALLEL FUND I GENERAL PARTNER, LLC GROUP MEMBERS: TRIAN PARTNERS PARALLEL FUND I, L.P. GROUP MEMBERS: TRIAN PARTNERS PARALLEL FUND II GENERAL PARTNER, LLC GROUP MEMBERS: TRIAN PARTNERS PARALLEL FUND II GP, L.P. GROUP MEMBERS: TRIAN PARTNERS PARALLEL FUND II, L.P. GROUP MEMBERS: TRIAN PARTNERS, L.P. GROUP MEMBERS: TRIARC COMPANIES, INC. FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PELTZ NELSON CENTRAL INDEX KEY: 0000928265 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: BUSINESS PHONE: 212 451 3000 MAIL ADDRESS: STREET 1: 280 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: NELSON PELTZ DATE OF NAME CHANGE: 19940810 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WENDYS INTERNATIONAL INC CENTRAL INDEX KEY: 0000105668 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 310785108 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-18977 FILM NUMBER: 081074540 BUSINESS ADDRESS: STREET 1: 4288 W DUBLIN GRANVILLE RD STREET 2: P O BOX 256 CITY: DUBLIN STATE: OH ZIP: 43017 BUSINESS PHONE: 6147643100 MAIL ADDRESS: STREET 1: 4288 WEST DUBLIN-GRANVILLE ROAD STREET 2: P O BOX 256 CITY: DUBLIN STATE: OH ZIP: 43017 SC 13D/A 1 tp13986356-13da15.txt AMENDMENT NO. 15 TO SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 15)* Wendy's International, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.10 stated value - -------------------------------------------------------------------------------- (Title of Class of Securities) 950590109 - -------------------------------------------------------------------------------- (CUSIP Number) Brian L. Schorr, Esq. Chief Legal Officer Trian Fund Management, L.P. 280 Park Avenue, 41st Floor New York, New York 10017 (212) 451-3000 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) September 16, 2008 - -------------------------------------------------------------------------------- (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 ss.ss. 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 Rule 13d-7 for other parties to whom copies are to be sent. *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). CUSIP NO.: 950590109 1 NAMES OF REPORTING PERSONS Trian Fund Management, L.P. - -------------------------------------------------------------------------------- S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 20-3454182 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES --------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH 4,637,787 REPORTING --------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER 0 --------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,637,787 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,637,787 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.3%* - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- * These percentages are calculated based on 88,104,018 shares of Wendy's Common Stock outstanding as of August 5, 2008, as reported in the Company's joint proxy statement/prospectus, filed by Triarc Companies, Inc. on Form S-4/A on August 14, 2008. CUSIP NO.: 950590109 1 NAMES OF REPORTING PERSONS Trian Fund Management GP, LLC - -------------------------------------------------------------------------------- S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 20-3454087 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES --------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH 4,637,787 REPORTING --------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER 0 --------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,637,787 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,637,787 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.3%* - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- * These percentages are calculated based on 88,104,018 shares of Wendy's Common Stock outstanding as of August 5, 2008, as reported in the Company's joint proxy statement/prospectus, filed by Triarc Companies, Inc. on Form S-4/A on August 14, 2008. CUSIP NO.: 950590109 1 NAMES OF REPORTING PERSONS Trian Partners GP, L.P. - -------------------------------------------------------------------------------- S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 20-3453775 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES --------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH 4,471,324 REPORTING --------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER 0 --------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,471,324 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,471,324 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.1%* - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- * These percentages are calculated based on 88,104,018 shares of Wendy's Common Stock outstanding as of August 5, 2008, as reported in the Company's joint proxy statement/prospectus, filed by Triarc Companies, Inc. on Form S-4/A on August 14, 2008. CUSIP NO.: 950590109 1 NAMES OF REPORTING PERSONS Trian Partners General Partner, LLC - -------------------------------------------------------------------------------- S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 20-3453595 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES --------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH 4,471,324 REPORTING --------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER 0 --------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,471,324 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,471,324 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.1%* - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- * These percentages are calculated based on 88,104,018 shares of Wendy's Common Stock outstanding as of August 5, 2008, as reported in the Company's joint proxy statement/prospectus, filed by Triarc Companies, Inc. on Form S-4/A on August 14, 2008. CUSIP NO.: 950590109 1 NAMES OF REPORTING PERSONS Trian Partners, L.P. - -------------------------------------------------------------------------------- S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 20-3453988 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES --------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH 1,083,844 REPORTING --------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER 0 --------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,083,844 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,083,844 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.2%* - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- * These percentages are calculated based on 88,104,018 shares of Wendy's Common Stock outstanding as of August 5, 2008, as reported in the Company's joint proxy statement/prospectus, filed by Triarc Companies, Inc. on Form S-4/A on August 14, 2008. CUSIP NO.: 950590109 1 NAMES OF REPORTING PERSONS Trian Partners Master Fund, L.P. - -------------------------------------------------------------------------------- S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 98-0468601 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES --------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH 3,381,522 REPORTING --------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER 0 --------------------------------------------------- 10 SHARED DISPOSITIVE POWER 3,381,522 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,381,522 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.8%* - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- * These percentages are calculated based on 88,104,018 shares of Wendy's Common Stock outstanding as of August 5, 2008, as reported in the Company's joint proxy statement/prospectus, filed by Triarc Companies, Inc. on Form S-4/A on August 14, 2008. CUSIP NO.: 950590109 1 NAMES OF REPORTING PERSONS Trian Partners Parallel Fund I, L.P. - -------------------------------------------------------------------------------- S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 20-3694154 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES --------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH 135,712 REPORTING --------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER 0 --------------------------------------------------- 10 SHARED DISPOSITIVE POWER 135,712 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 135,712 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.2%* - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- * These percentages are calculated based on 88,104,018 shares of Wendy's Common Stock outstanding as of August 5, 2008, as reported in the Company's joint proxy statement/prospectus, filed by Triarc Companies, Inc. on Form S-4/A on August 14, 2008. CUSIP NO.: 950590109 1 NAMES OF REPORTING PERSONS Trian Partners Parallel Fund I General Partner, LLC - -------------------------------------------------------------------------------- S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 20-3694293 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES --------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH 135,712 REPORTING --------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER 0 --------------------------------------------------- 10 SHARED DISPOSITIVE POWER 135,712 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 135,712 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.2%* - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- * These percentages are calculated based on 88,104,018 shares of Wendy's Common Stock outstanding as of August 5, 2008, as reported in the Company's joint proxy statement/prospectus, filed by Triarc Companies, Inc. on Form S-4/A on August 14, 2008. CUSIP NO.: 950590109 1 NAMES OF REPORTING PERSONS Trian Partners Parallel Fund II, L.P. - -------------------------------------------------------------------------------- S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 87-0763105 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES --------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH 30,751 REPORTING --------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER 0 --------------------------------------------------- 10 SHARED DISPOSITIVE POWER 30,751 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 30,751 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0%* - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- * These percentages are calculated based on 88,104,018 shares of Wendy's Common Stock outstanding as of August 5, 2008, as reported in the Company's joint proxy statement/prospectus, filed by Triarc Companies, Inc. on Form S-4/A on August 14, 2008. CUSIP NO.: 950590109 1 NAMES OF REPORTING PERSONS Trian Partners Parallel Fund II GP, L.P. - -------------------------------------------------------------------------------- S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 87-0763102 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES --------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH 30,751 REPORTING --------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER 0 --------------------------------------------------- 10 SHARED DISPOSITIVE POWER 30,751 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 30,751 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0%* - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- * These percentages are calculated based on 88,104,018 shares of Wendy's Common Stock outstanding as of August 5, 2008, as reported in the Company's joint proxy statement/prospectus, filed by Triarc Companies, Inc. on Form S-4/A on August 14, 2008. CUSIP NO.: 950590109 1 NAMES OF REPORTING PERSONS Trian Partners Parallel Fund II General Partner, LLC - -------------------------------------------------------------------------------- S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 87-0763099 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES --------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH 30,751 REPORTING --------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER 0 --------------------------------------------------- 10 SHARED DISPOSITIVE POWER 30,751 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 30,751 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0%* - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- * These percentages are calculated based on 88,104,018 shares of Wendy's Common Stock outstanding as of August 5, 2008, as reported in the Company's joint proxy statement/prospectus, filed by Triarc Companies, Inc. on Form S-4/A on August 14, 2008. CUSIP NO.: 950590109 1 NAMES OF REPORTING PERSONS Triarc Companies, Inc. - -------------------------------------------------------------------------------- S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 38-0471180 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES --------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH 0 REPORTING --------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER 0 --------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0 - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- CUSIP NO.: 950590109 1 NAMES OF REPORTING PERSONS Nelson Peltz - -------------------------------------------------------------------------------- S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES --------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH 4,637,787 REPORTING --------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER 0 --------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,637,837 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,637,837 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.3%* - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- * These percentages are calculated based on 88,104,018 shares of Wendy's Common Stock outstanding as of August 5, 2008, as reported in the Company's joint proxy statement/prospectus, filed by Triarc Companies, Inc. on Form S-4/A on August 14, 2008. CUSIP NO.: 950590109 1 NAMES OF REPORTING PERSONS Peter W. May - -------------------------------------------------------------------------------- S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES --------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH 4,637,837 REPORTING --------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER 0 --------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,637,837 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,637,837 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.3%* - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- * These percentages are calculated based on 88,104,018 shares of Wendy's Common Stock outstanding as of August 5, 2008, as reported in the Company's joint proxy statement/prospectus, filed by Triarc Companies, Inc. on Form S-4/A on August 14, 2008. CUSIP NO.: 950590109 1 NAMES OF REPORTING PERSONS Edward P. Garden - -------------------------------------------------------------------------------- S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES --------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH 4,637,837 REPORTING --------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER 0 --------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,637,837 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,637,837 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.3%* - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- * These percentages are calculated based on 88,104,018 shares of Wendy's Common Stock outstanding as of August 5, 2008, as reported in the Company's joint proxy statement/prospectus, filed by Triarc Companies, Inc. on Form S-4/A on August 14, 2008. INTRODUCTORY STATEMENT This Amendment No. 15 (this "Amendment") relates to the Schedule 13D filed on behalf of Trian Partners GP, L.P., a Delaware limited partnership ("Trian GP"), Trian Partners General Partner, LLC, a Delaware limited liability company ("Trian GP LLC"), Trian Partners, L.P., a Delaware limited partnership ("Trian Onshore"), Trian Partners Master Fund, L.P., a Cayman Islands limited partnership ("Trian Offshore"), Trian Partners Master Fund (Non-ERISA), L.P., a Cayman Islands limited partnership ("Trian Offshore (Non-ERISA)"), Trian Partners Parallel Fund I, L.P., a Delaware limited partnership ("Parallel Fund"), Trian Partners Parallel Fund I General Partner, LLC, a Delaware limited liability company ("Parallel Fund GP"), Trian Partners Parallel Fund II, L.P., a Delaware limited partnership ("Parallel Fund II"), Trian Partners Parallel Fund II GP, L.P., a Delaware limited partnership ("Parallel Fund II GP"), Trian Partners Parallel Fund II General Partner, LLC, a Delaware limited liability company ("Parallel Fund II GP LLC"), Trian Fund Management, L.P., a Delaware limited partnership ("Trian Management" or "Trian"), Trian Fund Management GP, LLC, a Delaware limited liability company ("Trian Management GP" and together with the foregoing, the "Trian Entities"), Nelson Peltz, a citizen of the United States of America, Peter W. May, a citizen of the United States of America, Edward P. Garden, a citizen of the United States of America (the Trian Entities and Messrs. Peltz, May and Garden are sometimes hereinafter referred to collectively as the "Trian Filing Persons"), Jerry W. Levin, a citizen of the United States of America, Castlerigg Master Investments Ltd. ("CMI"), Sandell Asset Management Corp. ("SAMC"), Castlerigg International Limited ("CIL"), Castlerigg International Holdings Limited ("CIHL") and Thomas E. Sandell ("Sandell", and collectively with CMI, SAMC, CIL and CIHL, the "Sandell Filing Persons"; the Trian Filing Persons and the Sandell Filing Persons, collectively, the "Trian/Sandell Filing Persons"), with the Securities and Exchange Commission on December 13, 2005 (as amended by Amendment No. 1 to Schedule 13D filed by the Trian/Sandell Filing Persons with the Securities and Exchange Commission on January 17, 2006, Amendment No. 2 to Schedule 13D filed by the Trian/Sandell Filing Persons with the Securities and Exchange Commission on March 3, 2006, Amendment No. 3 to Schedule 13D filed by the Trian/Sandell Filing Persons with the Securities and Exchange Commission on April 28, 2006, Amendment No. 4 to Schedule 13D filed by the Trian/Sandell Filing Persons with the Securities and Exchange Commission on May 31, 2006, Amendment No. 5 to Schedule 13D filed by the Trian/Sandell Filing Persons with the Securities and Exchange Commission on December 4, 2006, Amendment No. 6 to Schedule 13D filed by the Trian/Sandell Filing Persons and Triarc Companies, Inc., a Delaware corporation ("Triarc", and, together with the Trian/Sandell Filing Persons, the "Triarc/Trian/Sandell Filing Persons") with the Securities and Exchange Commission on July 3, 2007, Amendment No. 7 to Schedule 13D filed by the Triarc/Trian/Sandell Filing Persons with the Securities and Exchange Commission on July 30, 2007, Amendment No. 8 to Schedule 13D filed by the Triarc/Trian/Sandell Filing Persons with the Securities and Exchange Commission on August 28, 2007, Amendment No. 9 to Schedule 13D filed by the Triarc/Trian/Sandell Filing Persons with the Securities and Exchange Commission on September 17, 2007, Amendment No. 10 to Schedule 13D filed by the Triarc/Trian/Sandell Filing Persons with the Securities and Exchange Commission on October 12, 2007, Amendment No. 11 to Schedule 13D filed by the Triarc/Trian/Sandell Filing Persons with the Securities and Exchange Commission on November 13, 2007, Amendment No. 12 to Schedule 13D filed by the Triarc/Trian/Sandell Filing Persons and Mr. Levin (the Triarc/Trian/Sandell Filing Persons and Mr. Levin, collectively, the "Triarc/Trian/Sandell/Levin Filing Persons") with the Securities and Exchange Commission on February 11, 2008, Amendment No. 13 to Schedule 13D filed by the Triarc/Trian/Sandell/Levin Filing Persons with the Securities and Exchange Commission on April 18, 2008 and Amendment No. 14 to the Schedule 13D filed by the Triarc/Trian/Sandell/Levin Filing Persons with the Securities and Exchange Commission on April 30, 2008) (the "Schedule 13D"), relating to the Common Shares, $.10 stated value (the "Shares"), of Wendy's International, Inc., an Ohio corporation (the "Issuer" or "Wendy's"). For purposes of this Amendment No. 15 to the Schedule 13D, the Trian Filing Persons and Triarc constitute the "Filing Persons." Each capitalized term used but not defined herein has the meaning ascribed to such term in the Schedule 13D. Items 2, 4, 5, 6 and 7 of the Schedule 13D are hereby amended and supplemented as follows: Item 2. Identify and Background. On September 16, 2008, Trian Management and SAMC entered into a Termination Agreement ("Termination Agreement") pursuant to which the Agreement between Trian Management and SAMC, dated November 4, 2005, as amended (the "Agreement") was terminated, effective immediately, with certain provisions relating to expenses, indemnification and regulatory reporting surviving the termination. Accordingly, the Sandell Filing Persons are no longer reporting persons on this Schedule 13D. Trian Partners L.P. had previously indicated that it intended to nominate Jerry W. Levin to the Board of Directors of the Issuer at the Issuer's 2008 Annual Meeting. However, Trian Partners L.P. has not nominated, and no longer intends to nominate Mr. Levin to the Board of Directors of the Issuer, and as such, Mr. Levin is no longer a reporting person on this Schedule 13D. Item 4. Purpose of the Transaction. The Filing Persons intend to review their investment in the Issuer on a continuing basis. Depending on various factors, including, without limitation, the Issuer's financial position, results and strategic direction, price levels of the common stock of the Issuer, conditions in the securities and credit markets and general economic and industry conditions, the Filing Persons may take such actions with respect to their investment in the Issuer as they deem appropriate. Upon consummation of the merger between Triarc and the Issuer, all of the outstanding common stock of the Issuer will be converted into shares of common stock of Triarc. Therefore, any acquisition of common stock of the Issuer made by the Filing Persons prior to completion of the merger, will have the effect of increasing the Filing Persons' investment in Triarc following completion of the merger. The Filing Persons currently intend to increase their investment in Triarc and/or the Issuer through the acquisition of additional common stock of Triarc and/or the Issuer. Future acquisitions of common stock of Triarc and/or the Issuer will depend, among other things, on market and economic conditions, the Filing Persons' overall investment strategies and capital availability and applicable regulatory and legal constraints, and there can be no assurance that the Filing Persons will acquire additional common stock of Triarc or the Issuer. The Filing Persons reserve the right to change their current plans and intentions, which may include a decision not to acquire additional common stock of Triarc or the Issuer. Item 5. Interest in Securities of the Issuer Pursuant to a Stock Purchase Agreement, between TCMG-MA, LLC, Trian Onshore, Trian Offshore and Trian Management, dated September 12, 2008 (the "Stock Purchase Agreement"), Trian Onshore and Trian Offshore purchased from TCMG-MA, LLC, an account managed by Trian Management, an aggregate of 251,320 Shares of common stock of the Issuer for a purchase price of $22.84 per share. As a result, (i) Trian Onshore has the shared power to dispose of and the shared power to vote 1,083,844 Shares of common stock of the Issuer, which represents approximately 1.2% of the outstanding Shares of common stock of the Issuer; (ii) Trian Offshore has the shared power to dispose of and the shared power to vote 3,381,522 Shares of common stock of the Issuer, which represents approximately 3.8% of the outstanding Shares of common stock of the Issuer; (iii) Trian GP, the general partner of Trian Onshore and Trian Offshore has the shared power to dispose of and the shared power to vote 4,471,324 Shares of common stock of the Issuer, which represents approximately 5.1% of the outstanding Shares of common stock of the Issuer and (iv) Trian GP LLC, the general partner of Trian GP has the shared power to dispose of and the shared power to vote 4,471,324 Shares of common stock of the Issuer, which represents approximately 5.1% of the outstanding Shares of common stock of the Issuer. A copy of the Stock Purchase Agreement is filed herewith as Exhibit 22 and incorporated herein by reference, and the description of the Stock Purchase Agreement herein is qualified in its entirety by reference to the Stock Purchase Agreement filed herewith. As a result of the Termination Agreement (discussed in Item 2), each of Trian Management, Trian Management GP, Nelson Peltz, Peter W. May and Edward P. Garden no longer may be deemed to share voting power and/or dispositive power with regard to the Shares that the Sandell Filing Persons directly and beneficially own, and therefore, no longer may be deemed to beneficially own (as that term is defined in Rule 13d-3 under the Act) such Shares. Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer As discussed in Item 2, on September 16, 2008, Trian Management and SAMC entered into the Termination Agreement, pursuant to which, the Agreement was terminated, effective immediately. The provisions of Sections 3 (Expenses; Indemnification; Contribution) and 4 (Regulatory Reporting) and the governing law provisions set forth in Section 6(a) of the Agreement survive the termination of the Agreement. Accordingly, the Sandell Filing Persons are no longer reporting persons on this Schedule 13D. A copy of the Termination Agreement is filed herewith as Exhibit 23 and incorporated herein by reference, and the description of the Termination Agreement herein is qualified in its entirety by reference to the Termination Agreement filed herewith. Item 7. Material to be Filed as Exhibits. 22. Stock Purchase Agreement between TCMG-MA, LLC, Trian Onshore, Trian Offshore and Trian Management, dated September 12, 2008. 23. Termination Agreement between Trian Management and SAMC, dated September 16, 2008. SIGNATURE After reasonable inquiry and to the best of each of the undersigned's knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. TRIAN PARTNERS GP, L.P. By: /s/ Edward P. Garden ------------------------------- Name: Edward P. Garden Title: Member TRIAN PARTNERS GENERAL PARTNER, LLC By: /s/ Edward P. Garden ------------------------------- Name: Edward P. Garden Title: Member TRIAN PARTNERS, L.P. By: Trian Partners GP, L.P., its general partner By: Trian Partners General Partner, LLC, its general partner By: /s/ Edward P. Garden ------------------------------- Name: Edward P. Garden Title: Member TRIAN PARTNERS MASTER FUND, L.P. By: Trian Partners GP, L.P., its general partner By: Trian Partners General Partner, LLC, its general partner By: /s/ Edward P. Garden ------------------------------- Name: Edward P. Garden Title: Member [Signature Page to Amendment No. 15 of Wendy's Schedule 13D] TRIAN PARTNERS PARALLEL FUND I, L.P. By: Trian Partners Parallel Fund I General Partner LLC, its general partner By: /s/ Edward P. Garden ------------------------------- Name: Edward P. Garden Title: Member TRIAN PARTNERS PARALLEL FUND I GENERAL PARTNER, LLC By: /s/ Edward P. Garden ------------------------------- Name: Edward P. Garden Title: Member TRIAN PARTNERS PARALLEL FUND II, L.P. By: Trian Partners Parallel Fund II GP, L.P., its general partner By: Trian Partners Parallel Fund II General Partner, LLC, its general partner By: /s/ Edward P. Garden ------------------------------- Name: Edward P. Garden Title: Member TRIAN PARTNERS PARALLEL FUND II GP, L.P. By: Trian Partners Parallel Fund II General Partner, LLC, its general partner By: /s/ Edward P. Garden ------------------------------- Name: Edward P. Garden Title: Member TRIAN PARTNERS PARALLEL FUND II GENERAL PARTNER, LLC By: /s/ Edward P. Garden ------------------------------- Name: Edward P. Garden Title: Member [Signature Page to Amendment No. 15 of Wendy's Schedule 13D] TRIAN FUND MANAGEMENT, L.P. By: Trian Fund Management GP, LLC, its general partner By: /s/ Edward P. Garden ------------------------------- Name: Edward P. Garden Title: Member TRIAN FUND MANAGEMENT GP, LLC By: /s/ Edward P. Garden ------------------------------- Name: Edward P. Garden Title: Member [Signature Page to Amendment No. 15 of Wendy's Schedule 13D] /s/ Nelson Peltz ----------------------------- NELSON PELTZ /s/ Peter W. May ----------------------------- PETER W. MAY /s/ Edward P. Garden ----------------------------- EDWARD P. GARDEN Dated: September 16, 2008 [Signature Page to Amendment No. 15 of Wendy's Schedule 13D] EX-22 2 tp13986356-ex22.txt STOCK PURCHASE AGREEMENT EXHIBIT 22 STOCK PURCHASE AGREEMENT AGREEMENT, dated September 12, 2008 by and between TCMG-MA, LLC, a Delaware limited liability company ("Seller"), Trian Partners, L.P. ("Onshore Fund") a Delaware limited partnership, Trian Partners Master Fund, L.P., a Cayman Islands exempted limited partnership ("Offshore Fund" and together with Onshore Fund, "Buyer"), and Trian Fund Management, L.P., a Delaware limited partnership (the "Management Company"). Pursuant to an Amended and Restated Investment Management Agreement dated as of April 30, 2007 (the "Management Agreement"), Seller retained the Management Company to provide discretionary investment management services with respect to the Account (as defined in the Management Agreement). Among the securities that were purchased on behalf of the Seller and are held in the Account are 251,320 shares of common stock (the "Shares") of Wendy's International, Inc. ("Wendy's"). Pursuant to an Agreement and Plan of Merger among Triarc Companies, Inc. ("Triarc"), Green Merger Sub, Inc. ("Merger Sub"), and Wendy's dated as of April 23, 2008 (the "Merger Agreement"), shares of common stock of Wendy's that are owned by Triarc and its subsidiaries, including Seller, are to be cancelled in exchange for no consideration, without any further action of the holder, upon the completion of the merger of Merger Sub with and into Wendy's (the "Merger"). The Merger Agreement provides, however, that Seller may sell the Shares prior to consummation of the Merger to, among others, a fund or account managed by the Management Company, including the Buyer, provided that the audit committee of Triarc's Board of Directors (the "Audit Committee") shall have approved such transaction. Seller has determined that it is in its best interest to sell the Shares to Buyer for cash, rather than having such Shares be cancelled for no consideration which would cause Seller to suffer a reduction in the value of the Account. The Management Company has determined that it is in the best interest of Buyer to acquire the Shares as it believes that the consideration to be received for such Shares in the Merger will provide an attractive long-term return on such investment. Accordingly, Seller wishes to sell the Shares and Buyer wishes to purchase the Shares, both upon the terms and subject to the conditions of this Agreement. In consideration of the premises and of the mutual covenants, agreements and conditions set forth herein, the parties hereto hereby agree as follows: 1. Sale and Purchase of Shares. On the date hereof, subject to the terms and conditions set forth in this Agreement, Seller shall sell the Shares to Buyer, and Buyer shall purchase the Shares from Seller, all for the Purchase Price. 2. Purchase Price. In consideration for the sale of the Shares provided for in Section 1, Buyer shall pay to Seller at the Closing an amount per share equal to the closing share price of Wendy's common stock on the New York Stock Exchange on the date of this Agreement (the aggregate purchase price to be paid by Buyer, the "Purchase Price"). 3. Delivery of Shares; Payment of Purchase Price. On the first business day after the date of this Agreement, the Management Company shall deliver notices to Goldman Sachs & Co. and Morgan Stanley &Co., each as Prime Broker, to (i) transfer on their books and records ownership of a total of 131,325 Shares from Seller to Onshore Fund and a total of 119,995 Shares from Seller to Offshore Fund and (ii) transfer from the accounts of Buyer to the account of Seller on its books and records such amount of cash as shall be necessary for each Buyer to pay its portion of the Purchase Price. The Management Company agrees to deliver such notices to the Prime Brokers as may be required to effect such transfers. 4. Representations and Warranties of Seller. Seller represents and warrants to Buyer as follows: a. Seller owns the Shares, free and clear of any lien or other encumbrance of any nature whatsoever (other than those created by the Management Company), and upon delivery of and payment for such Shares as herein provided, Seller will convey to Buyer good and valid title thereto, free and clear of any lien or other encumbrance of any nature whatsoever (other than those created by the Management Company); b. The sale of the Shares contemplated by this Agreement has been duly authorized by the Audit Committee and/or by the Special Committee of the Board of Directors of Triarc formed in June 2005 and by the Board of Directors of Seller; and c. Neither the execution and delivery by Seller of this Agreement nor the consummation of the transactions contemplated hereby will (i) conflict with or result in any violation of or constitute a default under any instrument, contract or other obligation to which Seller is bound or (ii) constitute a violation by Seller of any law or regulation of any jurisdiction as such law or regulation relates to Seller or to the securities, property or business of Seller. d. This Agreement has been duly executed by Seller and, assuming the due execution and delivery of this Agreement by the other parties hereto, constitutes the legal, valid and binding obligation of Seller, enforceable against Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general principles of equity relating to enforceability (regardless of whether considered in a proceeding at law or in equity). 5. Representations and Warranties of Buyer. Each Buyer, severally and not jointly, represents and warrants to Seller as follows: a. The purchase of the Shares to be acquired by it pursuant to this Agreement has been duly authorized by the General Partner of each Buyer and, as required by the organizational documents of each Buyer, has been approved by an independent third party; and b. Neither the execution and delivery of this Agreement by such Buyer nor the consummation of the transactions contemplated hereby will (i) conflict with or result in any violation of or constitute a default under any instrument, contract or other obligation to which such Buyer is bound or (ii) constitute a violation by such Buyer of any law or regulation of any jurisdiction as such law or regulation relates to such Buyer or to the securities, property or business of such Buyer. c. This Agreement has been duly executed by such Buyer and, assuming the due execution and delivery of this Agreement by the other parties hereto, constitutes the legal, valid and binding obligation of such Buyer, enforceable against such Buyer in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general principles of equity relating to enforceability (regardless of whether considered in a proceeding at law or in equity.) 6. Borrowing of Proceeds; Repayment of Proceeds. At any time within three (3) business days of the date of this Agreement, the Seller may borrow from the Account an amount equal to the Purchase Price; provided that Seller shall repay to the Account the amount so borrowed within six (6) months of such borrowing date. Such loan shall constitute a capital asset of the Account and as such is subject to the Management Fee and the Performance Fee and such borrowed funds, once repaid to the Account, shall continue to be subject to all of the terms and conditions of the Management Agreement, including without limitation, the existing Lock-Up Period (as defined in the Management Agreement). 7. Notices. Any notice or request to be given under this Agreement by one party to another shall be in writing and shall be delivered by hand, overnight courier service, facsimile or by certified mail, postage prepaid, (i) if to Seller, at 1155 Perimeter Center West, Atlanta, GA 30338, fax: 678-514-5344, Attn: General Counsel, and (ii) if to Buyer, at 280 Park Avenue, 41st Floor, New York, New York 10017, fax: 212-451-3134, Attn: General Counsel, or to such other addresses as any party may designate in writing to the other. 8. Counterparts. This Agreement may be in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 9. No Other Agreement or Understandings. This Agreement embodies all of the agreements and understandings in relation to the subject matter of this Agreement, and no covenants, understandings or agreements in relation to this Agreement exist between the parties, except as expressly set forth in this Agreement. 10. No Third Party Benefit. Nothing expressed or implied in this Agreement shall be construed to confer upon or give to any person or entity, other than a party to this Agreement, any rights or remedies under or by reason of this Agreement. 11. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without giving effect to any choice or conflict of law provision or rule (whether of the State of New York or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of New York. IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written. TCMG-MA, LLC By: /s/ Daniel T. Collins ----------------------------------- Name: Daniel T. Collins Title: Senior Vice President TRIAN PARTNERS MASTER FUND, L.P. By: Trian Partners GP, L.P., its managing general partner By: Trian Partners General Partner, LLC, its general partner By: /s/ Peter W. May ------------------------- Name: Peter W. May Title: Member TRIAN PARTNERS, L.P. By: Trian Partners GP, L.P., its general partner By: Trian Partners General Partner, LLC, its general partner By: /s/ Peter W. May ------------------------- Name: Peter W. May Title: Member TRIAN FUND MANAGEMENT, L.P. By: Trian Fund Management GP, LLC its general partner By: /s/ Peter W. May ------------------------- Name: Peter W. May Title: Member EX-23 3 tp13986356-ex23.txt TERMINATION AGREEMENT EXHIBIT 23 TRIAN FUND MANAGEMENT, L.P 280 Park Avenue, 41st Floor New York, New York 10017 September 16, 2008 Sandell Asset Management Corp. 40 West 57th Street New York, NY 10019 Attn: Thomas E. Sandell Ladies and Gentlemen: Reference is made to the Agreement made the 4th day of November, 2005, as amended by Amendment No. 1 to the Agreement made the 27th day of April, 2006 and Amendment No. 2 to the Agreement made the 1st day of December, 2006 (collectively, the "Agreement"), by and among Sandell Asset Management Corp. and Trian Fund Management, L.P with respect to Wendy's International, Inc., an Ohio corporation. This will confirm the agreement of the parties that the Agreement is hereby terminated, effective immediately, provided, however, that, as contemplated by Section 5 of the Agreement, the provisions of Sections 3 and 4 and the governing law provisions set forth in Section 6(a) of the Agreement shall survive the termination of the Agreement. If the foregoing accurately reflects our agreement, please execute this letter below. Very truly yours, TRIAN FUND MANAGEMENT, L.P. By: Trian Fund Management GP, LLC, its General Partner By: /s/ Edward P. Garden ------------------------------- Name: Edward P. Garden Title: Member SANDELL ASSET MANAGEMENT CORP. By: /s/ Thomas E. Sandell ------------------------------- Name: Thomas E. Sandell Title: Chief Executive Officer -----END PRIVACY-ENHANCED MESSAGE-----