================================================================================
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 2)
_______________________
PLAYTEX PRODUCTS, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
(Title of Class of Securities)
72813P 100
(CUSIP Number)
_______________________
ROBERT B. HAAS
C/O HAAS WHEAT & PARTNERS, L.P.
300 CRESCENT COURT, SUITE 1700
DALLAS, TEXAS 75201
TEL. NO.: (214) 871-8300
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and Communications)
_______________________
October 2, 2004
(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
[_].
*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. 72813P 100 SCHEDULE 13D Page 2 of 17 Pages
---------------------- ---------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HWH Capital Partners, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 8,055,555
SHARES ------------------------------------------------
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING -0-
PERSON ------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
8,055,555
------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,055,555
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
---------------------- ---------------------
CUSIP NO. 72813P 100 SCHEDULE 13D Page 3 of 17 Pages
---------------------- ---------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HWH Valentine Partners, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 9,028,482
SHARES ------------------------------------------------
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING -0-
PERSON ------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
9,028,482
------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,028,482
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.7%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
----------------------- ---------------------
CUSIP NO. 72813P 100 SCHEDULE 13D Page 4 of 17 Pages
----------------------- ---------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HWH Surplus Valentine Partners, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -0-
SHARES ------------------------------------------------
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING 2,915,963
PERSON ------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
-0-
------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,915,963
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,915,963
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
----------------------- ---------------------
CUSIP NO. 72813P 100 SCHEDULE 13D Page 5 of 17 Pages
----------------------- ---------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HWH, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 8,055,555
SHARES ------------------------------------------------
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING -0-
PERSON ------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
8,055,555
------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,055,555
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
----------------------- ---------------------
CUSIP NO. 72813P 100 SCHEDULE 13D Page 6 of 17 Pages
----------------------- ---------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HWH Valentine, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 9,028,482
SHARES ------------------------------------------------
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING 2,915,963
PERSON ------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
9,028,482
------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,915,963
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,944,445
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
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CUSIP NO. 72813P 100 SCHEDULE 13D Page 7 of 17 Pages
----------------------- ---------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HWH Incorporated
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 8,055,555
SHARES ------------------------------------------------
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING -0-
PERSON ------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
8,055,555
------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,055,555
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IV
--------------------------------------------------------------------------------
----------------------- ---------------------
CUSIP NO. 72813P 100 SCHEDULE 13D Page 8 of 17 Pages
----------------------- ---------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HWH Valentine Incorporated
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 9,028,482
SHARES ------------------------------------------------
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING 2,915,963
PERSON ------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
9,028,482
------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,915,963
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,944,445
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IV
--------------------------------------------------------------------------------
----------------------- ---------------------
CUSIP NO. 72813P 100 SCHEDULE 13D Page 9 of 17 Pages
----------------------- ---------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert B. Haas
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 17,084,037
SHARES ------------------------------------------------
BENEFICIALLY OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING 2,915,963
PERSON ------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
17,084,037
------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,915,963
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
20,000,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
32.7%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
----------------------- ---------------------
CUSIP NO. 72813P 100 SCHEDULE 13D Page 10 of 17 Pages
----------------------- ---------------------
Pursuant to Rule 13d-2(a) of Regulation 13D-G of the General
Rules and Regulations under the Securities Exchange Act of 1934, as amended (the
"Act"), the undersigned hereby amend their Schedule 13D Statement dated June 6,
1995, as amended by Amendment No. 1 dated June 8, 1998 (the "Schedule 13D").
Unless otherwise indicated, all defined terms used herein shall have the same
meanings respectively ascribed to them in the Schedule 13D.
ITEM 1. SECURITY AND ISSUER.
No material change.
ITEM 2. IDENTITY AND BACKGROUND.
(a), (b), (c) and (f) are hereby amended as follows:
(a), (b), (c) and (f). The names and addresses of the persons
filing this Schedule are as follows:
HWH Capital Partners, L.P. ("HWHCP"), a Delaware limited
partnership, whose address is c/o Haas Wheat & Partners, L.P., 300 Crescent
Court, Suite 1700, Dallas, Texas 75201, and which is a private investment
partnership;
HWH Valentine Partners, L.P. ("HWHVP"), a Delaware limited
partnership, whose address is c/o Haas Wheat & Partners, L.P., 300 Crescent
Court, Suite 1700, Dallas, Texas 75201, and which is a private investment
partnership;
HWH Surplus Valentine Partners, L.P. ("HWHSVP"), a Delaware
limited partnership, whose address is c/o Haas Wheat & Partners, L.P., 300
Crescent Court, Suite 1700, Dallas, Texas 75201, and which is a private
investment partnership;
HWH, L.P. ("HWHLP"), a Delaware limited partnership, whose
address is c/o Haas Wheat & Partners, L.P., 300 Crescent Court, Suite 1700,
Dallas, Texas 75201, and which acts as the sole general partner of HWHCP;
HWH Valentine, L.P. ("HWHV"), a Delaware limited partnership,
the general partner of HWHVP and HWHSVP, whose address is c/o Haas Wheat &
Partners, L.P., 300 Crescent Court, Suite 1700, Dallas, Texas 75201, and which
acts as the sole general partner of HWHVP and HWHSVP;
HWH Incorporated ("HWHI"), a Delaware corporation, whose
address is c/o Haas Wheat & Partners, L.P., 300 Crescent Court, Suite 1700,
Dallas, Texas 75201, and which acts as the sole general partner of HWHLP;
HWH Valentine Incorporated ("HWHVI"), a Delaware corporation,
the general partner of HWHV, whose address is c/o Haas Wheat & Partners, L.P.,
300 Crescent Court, Suite 1700, Dallas, Texas 75201, and which acts as the sole
general partner of HWHV; and
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CUSIP NO. 72813P 100 SCHEDULE 13D Page 11 of 17 Pages
----------------------- ---------------------
Robert B. Haas, whose address is c/o Haas Wheat & Partners,
L.P., 300 Crescent Court, Suite 1700, Dallas, Texas 75201.
Robert B. Haas and Douglas D. Wheat are the sole stockholders
of HWHI. Robert B. Haas and Douglas D. Wheat are the sole stockholders of HWHVI.
The sole general partner of HWHCP, HWHVP and HWHSVP is HWHLP, HWHV and HWHV,
respectively, and the sole general partner of each of such limited partnerships
is HWHI, HWHVI and HWHVI, respectively, each of which is a corporation
controlled by Mr. Haas.
Information in response to Items (a) through (c) and (f) with
respect to Messrs. Haas and Wheat is set forth in Appendix I, attached hereto
and incorporated by reference herein.
The above named persons are sometimes referred to as the
"Reporting Parties." HWHCP, HWHVP and HWHSVP are referred to collectively, as
the "Investors."
(d) and (e). No material change.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
No material change.
ITEM 4. PURPOSE OF THE TRANSACTION.
No material change.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) and (b) are hereby amended as follows:
(a) and (b). The aggregate percentage of shares of Common
Stock reported owned by each person herein is based upon the information
contained in the Company's Form 10-Q filed on August 4, 2004.
As of the close of business on October 1, 2004:
Name of Reporting Party:
----------------------- ---------------------
CUSIP NO. 72813P 100 SCHEDULE 13D Page 12 of 17 Pages
----------------------- ---------------------
HWH CAPITAL PARTNERS, L.P.
--------------------------------------------------------------------------------
(a) Aggregate Number of Securities Owned 8,055,555
--------------------------------------------------------------------------------
(b) Percentage 13.2%
--------------------------------------------------------------------------------
1. Sole power to vote or to direct the vote 8,055,555
--------------------------------------------------------------------------------
2. Shared power to vote or to direct the vote 0
--------------------------------------------------------------------------------
3. Sole power to dispose or to direct the 8,055,555
disposition
--------------------------------------------------------------------------------
4. Shared power to dispose of or to direct 0
the disposition
--------------------------------------------------------------------------------
HWH VALENTINE PARTNERS, L.P.
--------------------------------------------------------------------------------
(a) Aggregate Number of Securities Owned 9,028,482
--------------------------------------------------------------------------------
(b) Percentage 14.7%
--------------------------------------------------------------------------------
1. Sole power to vote or to direct the vote 9,028,482
--------------------------------------------------------------------------------
2. Shared power to vote or to direct the vote 0
--------------------------------------------------------------------------------
3. Sole power to dispose or to direct the 9,028,482
disposition
--------------------------------------------------------------------------------
4. Shared power to dispose of or to direct the 0
disposition
--------------------------------------------------------------------------------
HWH SURPLUS VALENTINE PARTNERS, L.P.
--------------------------------------------------------------------------------
(a) Aggregate Number of Securities Owned 2,915,963
--------------------------------------------------------------------------------
(b) Percentage 4.8%
--------------------------------------------------------------------------------
1. Sole power to vote or to direct the vote 0
--------------------------------------------------------------------------------
2. Shared power to vote or to direct the vote 2,915,963
--------------------------------------------------------------------------------
3. Sole power to dispose or to direct the 0
disposition
--------------------------------------------------------------------------------
4. Shared power to dispose of or to direct the 2,915,963
disposition
--------------------------------------------------------------------------------
----------------------- ---------------------
CUSIP NO. 72813P 100 SCHEDULE 13D Page 13 of 17 Pages
----------------------- ---------------------
HWH, L.P.
--------------------------------------------------------------------------------
(a) Aggregate Number of Securities Owned 8,055,555
--------------------------------------------------------------------------------
(b) Percentage 13.2%
--------------------------------------------------------------------------------
1. Sole power to vote or to direct the vote 8,055,555
--------------------------------------------------------------------------------
2. Shared power to vote or to direct the vote 0
--------------------------------------------------------------------------------
3. Sole power to dispose or to direct the 8,055,555
disposition
--------------------------------------------------------------------------------
4. Shared power to dispose of or to direct the 0
disposition
--------------------------------------------------------------------------------
HWH VALENTINE, L.P.
--------------------------------------------------------------------------------
(a) Aggregate Number of Securities Owned 11,944,445
--------------------------------------------------------------------------------
(b) Percentage 19.5%
--------------------------------------------------------------------------------
1. Sole power to vote or to direct the vote 9,028,482
--------------------------------------------------------------------------------
2. Shared power to vote or to direct the vote 2,915,963
--------------------------------------------------------------------------------
3. Sole power to dispose or to direct the 9,028,482
disposition
--------------------------------------------------------------------------------
4. Shared power to dispose of or to direct the 2,915,963
disposition
--------------------------------------------------------------------------------
HWH INCORPORATED
--------------------------------------------------------------------------------
(a) Aggregate Number of Securities Owned 8,055,555
--------------------------------------------------------------------------------
(b) Percentage 13.2%
--------------------------------------------------------------------------------
1. Sole power to vote or to direct the vote 8,055,555
--------------------------------------------------------------------------------
2. Shared power to vote or to direct the vote 0
--------------------------------------------------------------------------------
3. Sole power to dispose or to direct the 8,055,555
disposition
--------------------------------------------------------------------------------
4. Shared power to dispose of or to direct the 0
disposition
--------------------------------------------------------------------------------
----------------------- ---------------------
CUSIP NO. 72813P 100 SCHEDULE 13D Page 14 of 17 Pages
----------------------- ---------------------
HWH VALENTINE INCORPORATED
--------------------------------------------------------------------------------
(a) Aggregate Number of Securities Owned 11,944,445
--------------------------------------------------------------------------------
(b) Percentage 19.5%
--------------------------------------------------------------------------------
1. Sole power to vote or to direct the vote 9,028,482
--------------------------------------------------------------------------------
2. Shared power to vote or to direct the vote 2,915,963
--------------------------------------------------------------------------------
3. Sole power to dispose or to direct the 9,028,482
disposition
--------------------------------------------------------------------------------
4. Shared power to dispose of or to direct the 2,915,963
disposition
--------------------------------------------------------------------------------
ROBERT B. HAAS
--------------------------------------------------------------------------------
(a) Aggregate Number of Securities Owned 20,000,000
--------------------------------------------------------------------------------
(b) Percentage 32.7%
--------------------------------------------------------------------------------
1. Sole power to vote or to direct the vote 17,084,037
--------------------------------------------------------------------------------
2. Shared power to vote or to direct the vote 2,915,963
--------------------------------------------------------------------------------
3. Sole power to dispose or to direct the 17,084,037
disposition
--------------------------------------------------------------------------------
4. Shared power to dispose of or to direct the 2,915,963
disposition
--------------------------------------------------------------------------------
(c), (d) and (e). No material change.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
Item 6 is amended by adding at the end thereof the following:
AGREEMENT WITH NEIL DEFEO
On October 2, 2004, Haas Wheat & Partners, L.P. ("Haas
Wheat"), an affiliate of the Reporting Parties, entered into an agreement (the
"DeFeo Agreement") with Neil DeFeo, the newly appointed President and Chief
Executive Officer of the Company.
Under the DeFeo Agreement, Haas Wheat agreed to vote all
shares of Common Stock that it beneficially owns in favor of the approval of the
Bonus Plan and
----------------------- ---------------------
CUSIP NO. 72813P 100 SCHEDULE 13D Page 15 of 17 Pages
----------------------- ---------------------
the Stock Plan (as such terms are used in the DeFeo Agreement) in connection
with the Company seeking stockholder approval of such plans.
This discussion of the DeFeo Agreement is qualified in its
entirety by reference to the DeFeo Agreement, which is attached hereto as
Exhibit 99.2.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
--------------------------------------------------------------------------------
EXHIBIT NUMBER DESCRIPTION
--------------------------------------------------------------------------------
99.1 Joint Filing Agreement, dated October 5, 2004,
among HWH Capital Partners, L.P., HWH Valentine
Partners, L.P., HWH Surplus Valentine Partners,
L.P., HWH, L.P., HWH Valentine, L.P., HWH
Incorporated, HWH Valentine Incorporated and Robert
B. Haas
--------------------------------------------------------------------------------
99.2 Agreement dated October 2, 2004, between Haas Wheat
& Partners, L.P. and Neil P. DeFeo
--------------------------------------------------------------------------------
----------------------- ---------------------
CUSIP NO. 72813P 100 SCHEDULE 13D Page 16 of 17 Pages
----------------------- ---------------------
SIGNATURES
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.
October 5, 2004
HWH CAPITAL PARTNERS, L.P.
By: HWH, L.P., its general partner
By: HWH Incorporated, its general partner
By: /s/ Douglas D. Wheat
------------------------------------
Name: Douglas D. Wheat
Title: President
HWH VALENTINE PARTNERS, L.P.
By: HWH Valentine, L.P., its
general partner
By: HWH Valentine Incorporated, its
general partner
By: /s/ Douglas D. Wheat
------------------------------------
Name: Douglas D. Wheat
Title: President
HWH SURPLUS VALENTINE PARTNERS, L.P.
By: HWH Valentine, L.P., its general
partner
By: HWH Valentine Incorporated, its
general partner
By: /s/ Douglas D. Wheat
------------------------------------
Name: Douglas D. Wheat
Title: President
----------------------- ---------------------
CUSIP NO. 72813P 100 SCHEDULE 13D Page 17 of 17 Pages
----------------------- ---------------------
HWH, L.P.
By: HWH Incorporated, its general partner
By: /s/ Douglas D. Wheat
------------------------------------
Name: Douglas D. Wheat
Title: President
HWH VALENTINE, L.P.
By: HWH Valentine Incorporated, its
general partner
By: /s/ Douglas D. Wheat
------------------------------------
Name: Douglas D. Wheat
Title: President
HWH INCORPORATED
By: /s/ Douglas D. Wheat
------------------------------------
Name: Douglas D. Wheat
Title: President
HWH VALENTINE INCORPORATED
By: /s/ Douglas D. Wheat
------------------------------------
Name: Douglas D. Wheat
Title: President
/s/ Robert B. Haas
------------------------------------------
Robert B. Haas