-----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, Wo2wixF2FpQ947vi32m7sh5PGVRtJ19Zx81UJxWLOUSHSgD+IpjrLWpYYuZx92eJ fCUU43NFBPRmXo/KFgdkXg== 0000950123-99-008704.txt : 19990922 0000950123-99-008704.hdr.sgml : 19990922 ACCESSION NUMBER: 0000950123-99-008704 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19990921 GROUP MEMBERS: RESERVOIR CAPITAL ASSOCIATES LP GROUP MEMBERS: RESERVOIR CAPITAL GROUP LLC GROUP MEMBERS: RESERVOIR CAPITAL MANAGEMENT LLC GROUP MEMBERS: RESERVOIR CAPITAL MASTER FUND LP GROUP MEMBERS: RESERVOIR CAPITAL PARTNERS LP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ORANGE CO INC /FL/ CENTRAL INDEX KEY: 0000004507 STANDARD INDUSTRIAL CLASSIFICATION: CANNED, FROZEN & PRESERVED FRUIT, VEG & FOOD SPECIALTIES [2030] IRS NUMBER: 590918547 STATE OF INCORPORATION: FL FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-06122 FILM NUMBER: 99714753 BUSINESS ADDRESS: STREET 1: 2020 HWGY 17 S STREET 2: P O BOX 2158 CITY: BARTOW STATE: FL ZIP: 33830 BUSINESS PHONE: 8135330551 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN AGRONOMICS CORP DATE OF NAME CHANGE: 19870506 FORMER COMPANY: FORMER CONFORMED NAME: SOUTH FLORIDA CITRUS INDUSTRIES INC DATE OF NAME CHANGE: 19690318 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RESERVOIR CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001091555 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 133978510 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 650 MADISON AVENUE STREET 2: 26TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2126109000 MAIL ADDRESS: STREET 1: 650 MADISON AVENUE, 26TH FLOOR STREET 2: 650 MADISON AVENUE, 26TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 AMENDMENT NO. 3 TO SCHEDULE 13D 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 --------------------- SCHEDULE 13D (Amendment No. 3) Under the Securities Exchange Act of 1934 ORANGE-CO, INC. (Name of Issuer) COMMON STOCK, $.50 PAR VALUE (Title of Class of Securities) 684177108 (CUSIP Number) GREGG M. ZEITLIN RESERVOIR CAPITAL MANAGEMENT, L.L.C. 650 MADISON AVENUE 26TH FLOOR NEW YORK, NEW YORK 10022 (212) 610-9000 (Name, address and telephone number of person authorized to receive notices and communications) September 17, 1999 (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 Rule 13d-1(e), 13d-1(f) or 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(b) 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 the disclosures provided in a prior cover page. Page 1 of 12 Pages 2 The information required in the remainder of this cover page shall not be deemed to be "filed" for 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). Page 2 of 12 Pages 3 13D CUSIP No. 684177108 - -------------------------------------------------------------------------------- (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Reservoir Capital Management, L.L.C. - -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [ ] (b) [x] - -------------------------------------------------------------------------------- (3) SEC USE ONLY - -------------------------------------------------------------------------------- (4) SOURCE OF FUNDS ** WC - -------------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER 5,405,160 SHARES ----------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER OWNED BY ----------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER 5,405,160 REPORTING ----------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER - -------------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,405,160 - -------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] - -------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 52.4% - -------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON ** OO - -------------------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! Page 3 of 12 Pages 4 13D CUSIP No. 684177108 - -------------------------------------------------------------------------------- (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Reservoir Capital Group, L.L.C. - -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [ ] (b) [x] - -------------------------------------------------------------------------------- (3) SEC USE ONLY - -------------------------------------------------------------------------------- (4) SOURCE OF FUNDS ** WC - -------------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER 5,405,160 SHARES ----------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER OWNED BY ----------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER 5,405,160 REPORTING ----------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER - -------------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,405,160 - -------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] - -------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 52.4% - -------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON ** OO - -------------------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! Page 4 of 12 Pages 5 13D CUSIP No. 684177108 - -------------------------------------------------------------------------------- (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Reservoir Capital Partners, L.P. - -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [ ] (b) [x] - -------------------------------------------------------------------------------- (3) SEC USE ONLY - -------------------------------------------------------------------------------- (4) SOURCE OF FUNDS ** WC - -------------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER 4,617,628 SHARES ----------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER OWNED BY ----------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER 4,617,628 REPORTING ----------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER - -------------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,617,628 - -------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] - -------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 44.79% - -------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON ** PN - -------------------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! Page 5 of 12 Pages 6 13D CUSIP No. 684177108 - -------------------------------------------------------------------------------- (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Reservoir Capital Associates, L.P. - -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [ ] (b) [x] - -------------------------------------------------------------------------------- (3) SEC USE ONLY - -------------------------------------------------------------------------------- (4) SOURCE OF FUNDS ** WC - -------------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER 212,423 SHARES ----------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER OWNED BY ----------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER 212,423 REPORTING ----------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER - -------------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 212,423 - -------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] - -------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.06% - -------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON ** PN - -------------------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! Page 6 of 12 Pages 7 13D CUSIP No. 684177108 - -------------------------------------------------------------------------------- (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Reservoir Capital Master Fund, L.P. - -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [ ] (b) [x] - -------------------------------------------------------------------------------- (3) SEC USE ONLY - -------------------------------------------------------------------------------- (4) SOURCE OF FUNDS ** WC - -------------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - -------------------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER 575,109 SHARES ----------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER OWNED BY ----------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER 575,109 REPORTING ----------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER - -------------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 575,109 - -------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] - -------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.58% - -------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON ** PN - -------------------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! Page 7 of 12 Pages 8 ITEM 1. SECURITY AND ISSUER. This Statement constitutes Amendment No. 3 to the Schedule 13D (as amended, the "Schedule 13D") filed by Reservoir Capital Management, L.L.C., a Delaware limited liability company ("RCM"), Reservoir Capital Group, L.L.C., a Delaware limited liability company ("RCG"), Reservoir Capital Partners, L.P., a Delaware limited partnership ("RCP"), Reservoir Capital Associates, L.P., a Delaware limited partnership ("RCA"), and Reservoir Capital Master Fund, L.P., a limited partnership organized under the laws of the Cayman Islands ("RCMF"), with respect to the beneficial ownership of shares of common stock, par value $.50 per share (the "Common Stock"), of Orange-co, Inc., a Florida corporation (the "Company"). All capitalized terms not otherwise defined herein shall have the meanings ascribed thereto in the Schedule 13D. In this Statement, each of RCM, RCG, RCP, RCA and RCMF may be referred to as a "Reporting Person," and collectively as the "Reporting Persons." Other than as set forth herein, there has been no material change in the information set forth in Items 1 through 7 of the Schedule 13D. ITEM 4. PURPOSE OF TRANSACTION. Item 4 of the Schedule 13D is amended to add the following paragraph at the end of paragraph nine: On September 17, 1999, RCG, BHG and Pasco entered into an agreement pursuant to which BHG agreed to extend the time during which RCG has the right to purchase the BHG Shares pursuant to the Reservoir Letter of Intent, the Extension Letter and the Second Extension Letter, until midnight on September 23, 1999 (the "Third Extension Letter"; such Third Extension Letter is attached as Exhibit 5, which Exhibit is hereby incorporated by reference). The extension was granted subject to all terms and conditions set forth in the Reservoir Letter of Intent; and further subject to the conditions that (i) the acquisition of the BHG Shares and the payments therefor, as well as the payments called for under the Fruit Purchase Agreement and the Consulting and Non-Compete Agreement be received by BHGI and BHGIII, respectively, on or prior to midnight on September 23, 1999; and (ii) Pasco agrees that from the date of the Second Extension Letter until the expiration of the option granted to RCG thereunder, neither Pasco nor any of its Affiliates will utilize the existence of the transactions contemplated by the Pasco Letter of Intent or the Reservoir Letter of Intent or make reference thereto in connection with the solicitation of business from any customer or potential customer of the Company or its subsidiaries. Page 8 of 12 Pages 9 ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Item 7 of the Schedule 13D is amended to add the following exhibit: Exhibit 5. Third Extension Letter, dated September 17, 1999 by and among RCG, BHG and Pasco. SIGNATURES After reasonable inquiry and to the best knowledge and belief of each of the Reporting Persons, each such person or entity certifies that the information set forth in this Amendment No. 1 to the Schedule 13D is true, complete and correct and agrees that this statement is filed on behalf of each of them. Dated: September 21, 1999 RESERVOIR CAPITAL MANAGEMENT, L.L.C. By: /s/ Craig A. Huff ------------------------------------ Page 9 of 12 Pages 10 Name: Craig A. Huff Title: Managing Director RESERVOIR CAPITAL GROUP, L.L.C. By: /s/ Craig A. Huff ------------------------------------ Name: Craig A. Huff Title: Managing Director RESERVOIR CAPITAL PARTNERS, L.P. By: Reservoir Capital Group, L.L.C., General Partner By: /s/ Craig A. Huff ------------------------------------ Name: Craig A. Huff Title: Managing Director RESERVOIR CAPITAL ASSOCIATES L.P. By: Reservoir Capital Group, L.L.C., General Partner By: /s/ Craig A. Huff ------------------------------------ Name: Craig A. Huff Title: Managing Director RESERVOIR CAPITAL MASTER FUND, L.P. By: Reservoir Capital Group, L.L.C., General Partner By: /s/ Craig A. Huff ------------------------------------ Name: Craig A. Huff Title: Managing Director Page 10 of 12 Pages EX-99.5 2 THIRD EXTENSION LETTER 1 EXHIBIT 5 September 17, 1999 Reservoir Capital Group, LLC 650 Madison Avenue, 26th Floor New York, New York 10022 Attention: Craig Huff, Managing Director Pasco Acquisition, Inc. c/o Engles Urso Follmer Capital Corporation 3811 Turtle Creek Boulevard Suite 1300, L.B. 50 Dallas, Texas 75219 Attention: Mr. Todd W. Follmer, President Gentlemen: This letter is to acknowledge that we have agreed with Reservoir Capital Group, LLC ("Reservoir Capital") to extend the time during which Reservoir Capital has the right to purchase our shares in Orange-co, Inc. ("Orange-co") pursuant to our letter of intent with Reservoir Capital dated July 14, 1999, as extended by our letter of extension dated August 19, 1999, until midnight on September 17, 1999, and hereby further extending such agreement to midnight on September 23, 1999. This extension is being granted subject to all the terms and conditions set forth in our letter of intent with Reservoir Capital dated July 14, 1999; and further subject to the conditions that (i) the acquisition of our shares and the payments therefor, as well as the payments called for under the Fruit Purchase Agreement and the Non-Compete and Consulting Agreement to be received by the undersigned respective parties thereto on or prior to midnight on September 17, 1999; and (ii) from the date of this extension until the expiration of the option granted to Reservoir referenced above, Pasco agrees that neither it nor its Affiliates will utilize the existence of the transaction contemplated by the letter of intent between Pasco and Orange-co or the letter of intent between Reservoir and Ben Hill Griffin, Inc. and Ben Hill Griffin, III or make reference thereto in connection with the solicitation of business from any customer or potential customer of Orange-co or its subsidiaries. This agreement shall inure to the benefit of Ben Hill Griffin, Inc. and Ben Hill Griffin, III and to Orange-co, which is a third party beneficiary hereof. 2 Please indicate your acceptance of the terms and conditions of this extension by executing the enclosed copy of this letter as indicated below. Very truly yours, BEN HILL GRIFFIN, INC. By: /s/ Ben Hill Griffin, III ------------------------- Ben Hill Griffin, III By: /s/ Ben Hill Griffin, III ------------------------- Ben Hill Griffin, III, Individually Agreed and accepted this 17th Day of September, 1999 RESERVOIR CAPITAL GROUP, LLC By: /s/ Craig Huff ------------- Craig Huff Its: Managing Director PASCO ACQUISITION, INC. By: /s/ Todd W. Follmer ------------------- Todd W. Follmer Its: President Page 12 of 12 Pages -----END PRIVACY-ENHANCED MESSAGE-----