SC 13D/A 1 dsc13da.txt SCHEDULE 13D AMENDMENT NO. 19 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934* AMENDMENT NO. 19 ICO, INC. -------------------------------------------------------------------------------- (NAME OF ISSUER) COMMON STOCK, NO PAR VALUE PER SHARE -------------------------------------------------------------------------------- (TITLE OF CLASS OF SECURITIES) 449293109 -------------------------------------------------------------------------------- (CUSIP NUMBER) DAVID M. GERST ICO, INC. 11490 WESTHEIMER, SUITE 1000 HOUSTON, TEXAS 77077 (281) 721-4200 -------------------------------------------------------------------------------- (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS) MAY 7, 2001 -------------------------------------------------------------------------------- (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 Sections 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 Section 240.13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page should be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purposes 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. 449293109 (1) Names of Reporting Person. I.R.S. Identification Nos. of above persons (entities only) Dr. Al O. Pacholder --------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] ---------------------------------------------------------------------- (3) SEC Use Only --------------------------------------------------------------------------- (4) Source of Funds 00 --------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] --------------------------------------------------------------------------- (6) Citizenship or Place of Organization United States citizen ---------------------------------------------------------------------------
-------------------------------------------------------------------------------- Number of Shares Beneficially owned by each reporting person with -------------------------------------------------------------------------------- (7) Sole Voting Power 252,955 -------------------------------------------------------------------------------- (8) Shared Voting Power 3,998,957 -------------------------------------------------------------------------------- (9) Sole Dispositive Power 252,955 -------------------------------------------------------------------------------- (10) Shared Dispositive Power 807,270 --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person 4,251,912 --------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [X] --------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 18.8% --------------------------------------------------------------------------- (14) Type of Reporting Person IN --------------------------------------------------------------------------- 2 CUSIP NO. 449293109 (1) Names of Reporting Person. I.R.S. Identification Nos. of above persons (entities only) Sylvia A. Pacholder --------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] --------------------------------------------------------------------------- (3) SEC Use Only --------------------------------------------------------------------------- (4) Source of Funds 00 --------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] --------------------------------------------------------------------------- (6) Citizenship or Place of Organization United States citizen ---------------------------------------------------------------------------
-------------------------------------------------------------------------------- Number of Shares Beneficially owned by each reporting person with -------------------------------------------------------------------------------- (7) Sole Voting Power 162,691 -------------------------------------------------------------------------------- (8) Shared Voting Power 3,998,957 -------------------------------------------------------------------------------- (9) Sole Dispositive Power 162,691 -------------------------------------------------------------------------------- (10) Shared Dispositive Power 807,270 --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person 4,161,648 --------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [X] --------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 18.3% --------------------------------------------------------------------------- (14) Type of Reporting Person IN --------------------------------------------------------------------------- 3 CUSIP NO. 449293109 (1) Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Robin E. Pacholder --------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [X] ---------------------------------------------------------------------- (b) [ ] ---------------------------------------------------------------------- (3) SEC Use Only --------------------------------------------------------------------------- (4) Source of Funds 00 --------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] --------------------------------------------------------------------------- (6) Citizenship or Place of Organization United States citizen ---------------------------------------------------------------------------
-------------------------------------------------------------------------------- Number of Shares Beneficially owned by each reporting person with -------------------------------------------------------------------------------- (7) Sole Voting Power 86,336 -------------------------------------------------------------------------------- (8) Shared Voting Power 0 -------------------------------------------------------------------------------- (9) Sole Dispositive Power 86,336 -------------------------------------------------------------------------------- (10) Shared Dispositive Power 0 --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person 86,336 --------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [X] --------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) Less than 1% --------------------------------------------------------------------------- (14) Type of Reporting Person IN --------------------------------------------------------------------------- 4 CUSIP NO. 449293109 (1) Names of Reporting Person. I.R.S. Identification Nos. of above persons (entities only) William J. Morgan --------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] --------------------------------------------------------------------------- (3) SEC Use Only --------------------------------------------------------------------------- (4) Source of Funds 00 --------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] --------------------------------------------------------------------------- (6) Citizenship or Place of Organization United States citizen ---------------------------------------------------------------------------
-------------------------------------------------------------------------------- Number of Shares Beneficially owned by each reporting person with -------------------------------------------------------------------------------- (7) Sole Voting Power 82,000 -------------------------------------------------------------------------------- (8) Shared Voting Power 807,270 -------------------------------------------------------------------------------- (9) Sole Dispositive Power 82,000 -------------------------------------------------------------------------------- (10) Shared Dispositive Power 807,270 --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person 889,270 --------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] --------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 3.9% --------------------------------------------------------------------------- (14) Type of Reporting Person IN --------------------------------------------------------------------------- 5 CUSIP NO. 449293109 (1) Names of Reporting Person. I.R.S. Identification Nos. of above persons (entities only) Pacholder Associates, Inc., Tax I.D. #31-1089398 --------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] --------------------------------------------------------------------------- (3) SEC Use Only (4) Source of Funds 00 --------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] --------------------------------------------------------------------------- (6) Citizenship or Place of Organization Ohio corporation ---------------------------------------------------------------------------
-------------------------------------------------------------------------------- Number of Shares Beneficially owned by each reporting person with -------------------------------------------------------------------------------- (7) Sole Voting Power 0 -------------------------------------------------------------------------------- (8) Shared Voting Power 807,207 -------------------------------------------------------------------------------- (9) Sole Dispositive Power 0 -------------------------------------------------------------------------------- (10) Shared Dispositive Power 807,270 --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person 807,270 --------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] --------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 3.5% --------------------------------------------------------------------------- (14) Type of Reporting Person IA --------------------------------------------------------------------------- 6 CUSIP NO. 449293109 (1) Names of Reporting Person. I.R.S. Identification Nos. of above persons (entities only) William C. Willoughby --------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] --------------------------------------------------------------------------- (3) SEC Use Only --------------------------------------------------------------------------- (4) Source of Funds 00 --------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] --------------------------------------------------------------------------- (6) Citizenship or Place of Organization United States citizen ---------------------------------------------------------------------------
-------------------------------------------------------------------------------- Number of Shares Beneficially owned by each reporting person with -------------------------------------------------------------------------------- (7) Sole Voting Power 820,309 -------------------------------------------------------------------------------- (8) Shared Voting Power 0 -------------------------------------------------------------------------------- (9) Sole Dispositive Power 820,309 -------------------------------------------------------------------------------- (10) Shared Dispositive Power 0 --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person 869,702 --------------------------------------------------------------------------- (12) Check 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 IN --------------------------------------------------------------------------- 7 CUSIP NO. 449293109 (1) Names of Reporting Person. I.R.S. Identification Nos. of above persons (entities only) Peggy S. Willoughby --------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] --------------------------------------------------------------------------- (3) SEC Use Only --------------------------------------------------------------------------- (4) Source of Funds 00 --------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] --------------------------------------------------------------------------- (6) Citizenship or Place of Organization United States citizen ---------------------------------------------------------------------------
-------------------------------------------------------------------------------- Number of Shares Beneficially owned by each reporting person with -------------------------------------------------------------------------------- (7) Sole Voting Power 663,246 -------------------------------------------------------------------------------- (8) Shared Voting Power 149,139 -------------------------------------------------------------------------------- (9) Sole Dispositive Power 663,246 -------------------------------------------------------------------------------- (10) Shared Dispositive Power 149,939 --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person 1,694,929 --------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] --------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 7.4% --------------------------------------------------------------------------- (14) Type of Reporting Person IN --------------------------------------------------------------------------- 8 CUSIP NO. 449293109 (1) Names of Reporting Person. I.R.S. Identification Nos. of above persons (entities only) William E. Willoughby --------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] --------------------------------------------------------------------------- (3) SEC Use Only --------------------------------------------------------------------------- (4) Source of Funds 00 --------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] --------------------------------------------------------------------------- (6) Citizenship or Place of Organization United States citizen ---------------------------------------------------------------------------
-------------------------------------------------------------------------------- Number of Shares Beneficially owned by each reporting person with -------------------------------------------------------------------------------- (7) Sole Voting Power 1,540,790 -------------------------------------------------------------------------------- (8) Shared Voting Power 149,139 -------------------------------------------------------------------------------- (9) Sole Dispositive Power 1,540,790 -------------------------------------------------------------------------------- (10) Shared Dispositive Power 149,139 --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person 1,694,929 --------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] --------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 7.5% --------------------------------------------------------------------------- (14) Type of Reporting Person IN --------------------------------------------------------------------------- 9 CUSIP NO. 449293109 (1) Names of Reporting Person. I.R.S. Identification Nos. of above persons (entities only) Regina S. Willoughby --------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] --------------------------------------------------------------------------- (3) SEC Use Only --------------------------------------------------------------------------- (4) Source of Funds 00 --------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] --------------------------------------------------------------------------- (6) Citizenship or Place of Organization United States citizen ---------------------------------------------------------------------------
-------------------------------------------------------------------------------- Number of Shares Beneficially owned by each reporting person with -------------------------------------------------------------------------------- (7) Sole Voting Power 76,393 -------------------------------------------------------------------------------- (8) Shared Voting Power 0 -------------------------------------------------------------------------------- (9) Sole Dispositive Power 76,393 -------------------------------------------------------------------------------- (10) Shared Dispositive Power 0 --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person 896,702 --------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] --------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 4.0% --------------------------------------------------------------------------- (14) Type of Reporting Person IN --------------------------------------------------------------------------- 10 CUSIP NO. 449293109 (1) Names of Reporting Person. I.R.S. Identification Nos. of above persons (entities only) Catherine Willoughby Stephens --------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] --------------------------------------------------------------------------- (3) SEC Use Only --------------------------------------------------------------------------- (4) Source of Funds 00 --------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] --------------------------------------------------------------------------- (6) Citizenship or Place of Organization United States citizen ---------------------------------------------------------------------------
-------------------------------------------------------------------------------- Number of Shares Beneficially owned by each reporting person with -------------------------------------------------------------------------------- (7) Sole Voting Power 243,865 -------------------------------------------------------------------------------- (8) Shared Voting Power 0 -------------------------------------------------------------------------------- (9) Sole Dispositive Power 243,865 -------------------------------------------------------------------------------- (10) Shared Dispositive Power 0 --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person 250,623 --------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] --------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 1.1% --------------------------------------------------------------------------- (14) Type of Reporting Person IN --------------------------------------------------------------------------- 11 CUSIP NO. 449293109 (1) Names of Reporting Person. I.R.S. Identification Nos. of above persons (entities only) Walter L. Leib --------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] --------------------------------------------------------------------------- (3) SEC Use Only --------------------------------------------------------------------------- (4) Source of Funds 00 --------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] --------------------------------------------------------------------------- (6) Citizenship or Place of Organization United States citizen ---------------------------------------------------------------------------
-------------------------------------------------------------------------------- Number of Shares Beneficially owned by each reporting person with -------------------------------------------------------------------------------- (7) Sole Voting Power 91,405 -------------------------------------------------------------------------------- (8) Shared Voting Power 820,799 -------------------------------------------------------------------------------- (9) Sole Dispositive Power 91,405 -------------------------------------------------------------------------------- (10) Shared Dispositive Power 0 --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person 912,204 --------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ] --------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 3.9% --------------------------------------------------------------------------- (14) Type of Reporting Person IN --------------------------------------------------------------------------- 12 INTRODUCTORY NOTE This Amendment No. 19 to Schedule 13D is being filed on behalf of the individuals and entities listed on the cover pages to supplement and amend certain information set forth in Schedule 13D relating to securities of ICO, Inc. ("ICO"), originally filed on June 13, 1988, and as amended from time to time (as so amended, the "Original Statement"), with respect to no par value common stock ("Common Stock") of ICO. Unless otherwise indicated, each capitalized term used but not defined herein shall have the meaning assigned to such term in the Original Statement. Unless amended or restated, the Original Statement remains in effect. ITEM 4. PURPOSE OF TRANSACTION. Item 4 is supplemented as follows: Dr. Al O. Pacholder ("Pacholder") has become a member of a group the members of which include Pacholder, David Gerst and Jon Biro. PBG Acquisition Corporation ("PBG") is a newly formed Texas corporation formed to acquire the outstanding capital stock of the Company. PBG has entered into an engagement letter with Dain Rauscher Wessels ("DRW") (attached hereto as Exhibit 1 and incorporated herein by reference) to assist PBG in obtaining financing for the acquisition of ICO's Common Stock. In addition, DRW has delivered a letter to PBG (attached hereto as Exhibit 2 and incorporated herein by reference) indicating its belief that it will be able to arrange the financing for the purchase of ICO's Common Stock. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. 1. Engagement Letter with DRW 2. Probable Belief Letter with DRW 13 After reasonable inquiry and to the best knowledge and belief of the undersigned, it is hereby certified that the information set forth in this statement is true, complete and correct. Dated: May 13, 2001 /s/ Dr. Al O. Pacholder ------------------------------------------------- Dr. Al O. Pacholder, Individually and As Attorney-in-Fact for: Sylvia A. Pacholder Robin E. Pacholder William J. Morgan Pacholder Associates, Inc. William E. Willoughby Peggy S. Willoughby William C. Willoughby Regina S. Willoughby Catherine Willoughby Stephens Walter L. Leib 14 EXHIBIT INDEX EXHIBIT NO. DESCRIPTION ------- ----------- 1. Engagement Letter with DRW 2. Probable Belief Letter with DRW 15