-----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, Gy2XJoWxbhebmEprw0UtRZNNG5Wwo3iHds92/wm8pXpilJjNB6nvLWbTERG3ml+Q GBvUMWT59PljqOkcPMbCbA== 0000912057-97-011307.txt : 19970401 0000912057-97-011307.hdr.sgml : 19970401 ACCESSION NUMBER: 0000912057-97-011307 CONFORMED SUBMISSION TYPE: 10-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19961231 FILED AS OF DATE: 19970331 SROS: NYSE SROS: PSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: CROWN PACIFIC PARTNERS L P CENTRAL INDEX KEY: 0000930735 STANDARD INDUSTRIAL CLASSIFICATION: SAWMILLS, PLANNING MILLS, GENERAL [2421] IRS NUMBER: 931161833 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-24976 FILM NUMBER: 97570244 BUSINESS ADDRESS: STREET 1: 121 S W MORRISON ST STE 1500 CITY: PORTLAND STATE: OR ZIP: 97204 BUSINESS PHONE: 5032742300 MAIL ADDRESS: STREET 1: 121 SW MORRISON ST STREET 2: STE 1500 CITY: PORTLAND STATE: OR ZIP: 97204 10-K/A 1 10-K/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K/A AMENDMENT TO APPLICATION OR REPORT FILED PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 0-24976 CROWN PACIFIC PARTNERS, L.P. (Exact name of registrant as specified in its charter) AMENDMENT NO. 1 121 S.W. Morrison Street, Suite 1500 Portland, Oregon 97204 (Address of principal executive office, Zip Code) (503) 274-2300 (Registrant's telephone number including area code) Delaware 93-1161833 (State or other jurisdiction of (I.R.S. Employer Identification No.) incorporation or organization) The undersigned Registrant hereby amends the following items of its Annual Report for 1996 on Form 10-K as set forth in the pages attached hereto: Item 11 Executive Compensation Pursuant to the requirements of the Securities and Exchange Act of 1934 the Registrant has duly caused this amendment to be signed on its behalf by the undersigned, thereunto duly authorized. CROWN PACIFIC PARTNERS, L.P. By: Crown Pacific Management Limited Partnership as Managing General Partner By: /s/ Richard D. Snyder ------------------------ Richard D. Snyder Vice President and Chief Financial Officer Date: March 31, 1997 ITEM 11. EXECUTIVE COMPENSATION The following table sets forth a summary of compensation for the year ended December 31, 1996 for the President and Chief Executive Officer and the four other most highly compensated executive officers of Crown Pacific Management Limited Partnership, the Registrant's General Partner, for services rendered in all capacities. TABLE 1
- --------------------------------------------------------------------------------------------- LONG-TERM OTHER ANNUAL SECURITIES NAME AND SALARY BONUS COMPENSATION UNDERLYING PRINCIPAL POSITION (1) YEAR ($) (2) ($) ($) (3) OPTIONS (#) - --------------------------------------------------------------------------------------------- Peter W. Stott 1996 $600,000 $120,000 $0 26,000 President & 1995 $600,000 $250,000 $0 188,335 Chief Executive Officer - --------------------------------------------------------------------------------------------- Roger L. Krage 1996 $250,000 $ 50,000 $0 15,000 Secretary and 1995 $250,000 $100,000 $0 188,335 General Counsel - --------------------------------------------------------------------------------------------- Richard D. Snyder 1996 $175,000 $ 45,000 $0 15,000 Vice President & Chief Financial 1995 $130,733 $ 6,000 $0 8,000 Officer - --------------------------------------------------------------------------------------------- G. Pat Hanna 1996 $167,885 $ 25,000 $0 15,000 Senior Vice President 1995 $125,000 $ 18,000 $0 8,000 - --------------------------------------------------------------------------------------------- P. A. Leineweber 1996 $150,000 $ 20,000 $0 15,000 Vice President 1995 $126,000 $ 25,000 $0 8,000 - ---------------------------------------------------------------------------------------------
(1) Principal position as of December 31, 1996. (2) Registrant commenced operations on December 22, 1994; therefore, disclosure for years prior to 1995 would not be meaningful. (3) Other annual compensation for the named executive officers has not been included as no amounts are greater than the lesser of $50,000 or 10% of the total annual salary and bonus for such officer. The following table summarizes the options granted to the five most highly compensated executive officers of the Managing General Partner for the year ended December 31, 1996. TABLE 2
- -------------------------------------------------------------------------------------------------------------- POTENTIAL REALIZABLE VALUE AT ASSUMED ANNUAL RATES OF UNIT INDIVIDUAL GRANTS PRICE APPRECIATION FOR OPTION TERM (3) - -------------------------------------------------------------------------------------------------------------- NUMBER OF % OF TOTAL SECURITIES OPTIONS UNDERLYING GRANTED TO EXERCISE OPTIONS EMPLOYEES PRICE EXPIRATION 0% 5% 10% NAME GRANTED (#) IN 1996 ($/UNIT) DATE ($) ($) ($) - -------------------------------------------------------------------------------------------------------------- Peter W. Stott 26,000(1) 16.7% $18.13 12/31/06 $0 $296,400 $751,140 - -------------------------------------------------------------------------------------------------------------- Roger L. Krage 15,000(1) 9.6% $18.13 12/31/06 $0 $171,000 $433,350 - -------------------------------------------------------------------------------------------------------------- Richard D. Snyder 15,000(1) 9.6% $18.13 12/31/06 $0 $171,000 $433,350 - -------------------------------------------------------------------------------------------------------------- G. Pat Hanna 15,000(1) 9.6% $18.13 12/31/06 $0 $171,000 $433,350 - -------------------------------------------------------------------------------------------------------------- P. A. Leineweber 15,000(1) 9.6% $18.13 12/31/06 $0 $171,000 $433,350 - --------------------------------------------------------------------------------------------------------------
(1) Represents the issuance of annual options COMPENSATION OF DIRECTORS Outside Directors of the Board of Control of the Managing General Partner receive annual retainers of $15,000 plus $1,000 for each Board of Control meeting and committee meeting attended. Mr. Mumford receives $1,000 per quarter for his services as the Chairman of the Audit Committee of the Board of Control. Messrs. Jaunich, Stott, and Bondoux were not directly compensated by the Managing General Partner or the Partnership for their services as directors of the Managing General Partner. COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION None -----END PRIVACY-ENHANCED MESSAGE-----