-----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, AhL03WVk4TLn/NCvDGXt3kWiT6yqThB8KRHrQPtynWeqxruTBbgqO30N8ObkVEi4 14AyAADhj5W0HrhxX7xkZQ== 0000950134-03-010260.txt : 20030718 0000950134-03-010260.hdr.sgml : 20030718 20030718160048 ACCESSION NUMBER: 0000950134-03-010260 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20030718 GROUP MEMBERS: DAVID EINHORN GROUP MEMBERS: GREENLIGHT CAPITAL INC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AG SERVICES OF AMERICA INC CENTRAL INDEX KEY: 0000875354 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-MISCELLANEOUS NONDURABLE GOODS [5190] IRS NUMBER: 421264455 STATE OF INCORPORATION: IA FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-41721 FILM NUMBER: 03793158 BUSINESS ADDRESS: STREET 1: 1309 TECHNOLGY PARKWAY CITY: CEDAR FALLS STATE: IA ZIP: 50613 BUSINESS PHONE: 3192770261 MAIL ADDRESS: STREET 1: P O BOX 668 CITY: CEDAR FALLS STATE: IA ZIP: 50613 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GREENLIGHT CAPITAL LLC CENTRAL INDEX KEY: 0001040272 IRS NUMBER: 133886851 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 420 LEXINGTON AVE SUITE 875 CITY: NEW YORK STATE: NY ZIP: 10170 BUSINESS PHONE: 2129731900 MAIL ADDRESS: STREET 1: 420 LEXINGTON AVENUE STREET 2: SUITE 875 CITY: NEW YORK STATE: NY ZIP: 10170 SC 13G 1 d07544sc13g.txt SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) AG SERVICES OF AMERICA, INC. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, no par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 001250109 - -------------------------------------------------------------------------------- (CUSIP Number) JULY 17, 2003 - -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] Rule 13d-1(d) 1 of 9 - ------------------------ ------------------------ CUSIP No. 13G 001250109 - ------------------------ ------------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Greenlight Capital, L.L.C. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 362,582 --------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 0 OWNED BY --------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON WITH 362,582 --------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 362,582 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.6%** - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT **SEE ITEM 4(b). 2 of 9 - ------------------------ ------------------------ CUSIP No. 13G 001250109 - ------------------------ ------------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Greenlight Capital, Inc. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 338,100 --------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 0 OWNED BY --------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON WITH 338,100 --------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 338,100 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.2%** - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT **SEE ITEM 4(b). 3 of 9 - ------------------------ ------------------------ CUSIP No. 13G 001250109 - ------------------------ ------------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) David Einhorn - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Citizen - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 700,682 --------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 0 OWNED BY --------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON WITH 700,682 --------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 700,682 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 12.8% ** - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT **SEE ITEM 4(b). 4 of 9 SCHEDULE 13G This Schedule 13G (the "Schedule 13G") is being filed on behalf of Greenlight Capital, L.L.C., a Delaware limited liability company ("Greenlight LLC"), Greenlight Capital, Inc., a Delaware corporation ("Greenlight Inc.", and together with Greenlight LLC, "Greenlight"), and Mr. David Einhorn, principal of Greenlight, relating to shares of Common Stock of Ag Services of America, Inc., an Iowa corporation (the "Issuer"). This Schedule 13G relates to shares of Common Stock, no par, of the Issuer (the "Common Stock") purchased by Greenlight LLC for the account of (i) Greenlight Capital, L.P. ("Greenlight Fund"), of which Greenlight LLC is the general partner, (ii) Greenlight Capital Qualified, L.P. ("Greenlight Qualified"), of which Greenlight LLC is the general partner and, Common Stock purchased by Greenlight Inc. for the account of Greenlight Capital Offshore, Ltd. ("Greenlight Offshore"), for which Greenlight Inc. is investment advisor. ITEM 1(a) NAME OF ISSUER. Ag Services of America, Inc. ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES. 1309 Technology Parkway Cedar Falls, IA 50613 ITEM 2(a) NAME OF PERSON FILING. David Einhorn, Greenlight Capital, L.L.C. and Greenlight Capital, Inc. ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR, IF NONE, RESIDENCE. 420 Lexington Ave., Suite 1740 New York, New York 10170 ITEM 2(c) CITIZENSHIP OR PLACE OF ORGANIZATION. Greenlight LLC is a limited liability company organized under the laws of the State of Delaware. Greenlight Inc. is a corporation organized under the laws of the state of Delaware. David Einhorn is the principal of Greenlight and a United States citizen. ITEM 2(d) TITLE OF CLASS OF SECURITIES. Common Stock, no par, of the Issuer. ITEM 2(e) CUSIP NUMBER. 001250109 5 of 9 ITEM 3 REPORTING PERSON. Inapplicable. ITEM 4 OWNERSHIP. (a) Greenlight and Mr. Einhorn are the beneficial owners of 700,682 shares of Common Stock. (b) Greenlight and Mr. Einhorn are the beneficial owners of 12.8% of the outstanding shares of Common Stock. This percentage was determined by dividing 700,682 by 5,479,514, the number of shares of Common Stock outstanding as of July 14, 2003, as reported in the Issuer's 10-Q Report filed July 15, 2003. (c) Greenlight has the sole power to vote and dispose of the 700,682 shares of Common Stock beneficially owned by it. As the principal of Greenlight, Mr. Einhorn may direct the vote and disposition of the 700,682 shares of Common Stock beneficially owned by Greenlight. ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. Inapplicable. ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. Inapplicable. ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. Inapplicable. ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. Inapplicable. ITEM 9 NOTICE OF DISSOLUTION OF GROUP. Inapplicable. ITEM 10 CERTIFICATION. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were 6 of 9 not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. EXHIBITS EXHIBIT 99 Joint Filing Agreement dated July 17, 2003, between Greenlight and David Einhorn. 7 of 9 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: July 17, 2003 Greenlight Capital, L.L.C. By: /S/ DAVID EINHORN ---------------------------- David Einhorn, Managing Member /S/ DAVID EINHORN ----------------------------------- David Einhorn 8 of 9 EX-99 3 d07544exv99.txt JOINT FILING AGREEMENT EXHIBIT 99 JOINT FILING AGREEMENT In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the Common Stock, no par value, of Ag Services of America, Inc., and further agree that this Joint Filing Agreement shall be included as an Exhibit to such joint filings. The undersigned further agree that each party hereto is responsible for the timely filing of such Statement on Schedule 13G and any amendments thereto, and for the accuracy and completeness of the information concerning such party contained therein; provided, however, that no party is responsible for the accuracy or completeness of the information concerning any other party, unless such party knows or has reason to believe that such information is inaccurate. This Joint Filing Agreement may be signed in counterparts with the same effect as if the signature on each counterpart were upon the same instrument. IN WITNESS WHEREOF, the undersigned have executed this Agreement as of July 17, 2003. Greenlight Capital, L.L.C. By: /S/ DAVID EINHORN ------------------------------------- David Einhorn, Senior Managing Member Greenlight Capital, Inc. By: /S/ DAVID EINHORN ------------------------------------- David Einhorn, President /S/ DAVID EINHORN ----------------------------------------- David Einhorn -----END PRIVACY-ENHANCED MESSAGE-----