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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 3)
_______________________
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 12, 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).
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CUSIP NO. 72813P 100 SCHEDULE 13D Page 2 of 16 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) [_]
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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
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CUSIP NO. 72813P 100 SCHEDULE 13D Page 3 of 16 Pages
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--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HWH Valentine Partners, L.P.
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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%
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14 TYPE OF REPORTING PERSON
PN
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CUSIP NO. 72813P 100 SCHEDULE 13D Page 4 of 16 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HWH, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
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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%
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14 TYPE OF REPORTING PERSON
PN
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CUSIP NO. 72813P 100 SCHEDULE 13D Page 5 of 16 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HWH Valentine, L.P.
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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) [_]
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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
--------------------------------------------------------------------------------
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CUSIP NO. 72813P 100 SCHEDULE 13D Page 6 of 16 Pages
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--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HWH Incorporated
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
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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
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CUSIP NO. 72813P 100 SCHEDULE 13D Page 7 of 16 Pages
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--------------------------------------------------------------------------------
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 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
IV
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CUSIP NO. 72813P 100 SCHEDULE 13D Page 8 of 16 Pages
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--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert B. Haas
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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 0
PERSON ------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
17,084,037
------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
17,084,037
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.9%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
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CUSIP NO. 72813P 100 SCHEDULE 13D Page 9 of 16 Pages
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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 (the "Initial Statement"), as amended by Amendment No. 1 dated June 8, 1998
and Amendment No. 2 dated October 5, 2004 (as amended, 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, 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, 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
Robert B. Haas, whose address is c/o Haas Wheat & Partners,
L.P., 300 Crescent Court, Suite 1700, Dallas, Texas 75201.
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CUSIP NO. 72813P 100 SCHEDULE 13D Page 10 of 16 Pages
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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 and HWHVP is HWHLP and HWHV, respectively, and
the sole general partner of each of such limited partnerships is HWHI 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 to
Amendment No. 1 to the Initial Statement and incorporated by reference herein.
The above named persons are sometimes referred to as the
"Reporting Parties." HWHCP and HWHVP are referred to collectively, as the
"Investors."
(d) and (e). No material change.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Item 3 is amended by adding at the end thereof, the following:
On October 12, 2004, HWH Surplus Valentine Partners, L.P.
("HWHSVP"), previously a reporting party to the Schedule 13D, distributed to its
partners 2,915,963 shares of Common Stock, and its partners contributed such
shares of Common Stock to a newly-formed limited liability company. The
Reporting Parties no longer have beneficial ownership of the shares contributed
to the limited liability company. No monetary consideration was paid in
connection with the distribution or received in connection with the
contribution.
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 12, 2004:
Name of Reporting Party:
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CUSIP NO. 72813P 100 SCHEDULE 13D Page 11 of 16 Pages
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HWH CAPITAL PARTNERS, L.P.
(a) Aggregate Number of Securities Owned 8,055,555
Percentage 13.2%
(b) 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 PARTNERS, L.P.
(a) Aggregate Number of Securities Owned 9,028,482
Percentage 14.7%
(b) 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, L.P.
(a) Aggregate Number of Securities Owned 8,055,555
Percentage 13.2%
(b) 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
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CUSIP NO. 72813P 100 SCHEDULE 13D Page 12 of 16 Pages
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HWH VALENTINE, L.P.
(a) Aggregate Number of Securities Owned 9,028,482
Percentage 14.7%
(b) 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 INCORPORATED
(a) Aggregate Number of Securities Owned 8,055,555
Percentage 13.2%
(b) 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 INCORPORATED
(a) Aggregate Number of Securities Owned 9,028,482
Percentage 14.7%
(b) 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
----------------------- ---------------------
CUSIP NO. 72813P 100 SCHEDULE 13D Page 13 of 16 Pages
----------------------- ---------------------
ROBERT B. HAAS
(a) Aggregate Number of Securities Owned 17,084,037
Percentage 27.9%
(b) 1. Sole power to vote or to direct the vote 17,084,037
2. Shared power to vote or to direct the vote 0
3. Sole power to dispose or to direct the 17,084,037
disposition
4. Shared power to dispose of or to direct the 0
disposition
(c) On October 12, 2004, HWHSVP distributed to its partners
shares of Common Stock, and its partners contributed such shares of Common Stock
to a newly-formed limited liability company. The Reporting Parties no longer
have beneficial ownership of the shares contributed to the limited liability
company. No monetary consideration was paid in connection with the distribution
or received in connection with the contribution.
(d) To the best knowledge of the Reporting Parties, no person
other than the Reporting Parties has the right to receive or the power to direct
the receipt of dividends from, or the proceeds from the sale of, the Shares.
(e) Not applicable.
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:
DISSOLUTION OF HWH SURPLUS VALENTINE PARTNERS, L.P. AND CONTRIBUTION TO SURPLUS
VALENTINE, LLC.
On October 12, 2004, HWHV dissolved HWHSVP. On October 12,
2004, HWHV and Charlesbank Equity Fund II, Limited Partnership (the "Managing
Member" and, together with HWHV, the "Members") entered into the Limited
Liability Agreement of Surplus Valentine, LLC, dated October 12, 2004 (the
"Surplus LLC Agreement"). The purpose of Surplus Valentine, LLC was to acquire
the Common Stock that was held by HWHSVP (the "Surplus Valentine Shares").
Concurrently with the dissolution of HWHSVP, each of the Members contributed to
Surplus Valentine, LLC the Shares that they received as a distribution from
HWHSVP.
Except as otherwise expressly provided for in the Surplus LLC
Agreement, (i) the management and direction of the business, affairs and
properties of Surplus Valentine, LLC shall be vested solely in the Managing
Member; (ii) the
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CUSIP NO. 72813P 100 SCHEDULE 13D Page 14 of 16 Pages
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Managing Member shall have full and complete authority, power and discretion to
manage and direct the business, affairs and properties of Surplus Valentine,
LLC, to make all decisions regarding those matters, including, without
limitation, with respect to the voting (at any regular or special meeting, by
written consent or otherwise) of the Surplus Valentine Shares, to enter into,
execute and deliver agreements, contracts and instruments by and on behalf of
Surplus Valentine, LLC, to act for and bind Surplus Valentine, LLC, and to
perform any and all other acts or activities customary or incident to the
management of the business of Surplus Valentine, LLC; and (iii) the Managing
Member shall have the exclusive right to determine the timing and terms of the
disposition or other monetization of any securities or assets owned by Surplus
Valentine, LLC, so long as the terms of any such disposition or other
monetization are negotiated on an arm's-length basis.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
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EXHIBIT NUMBER DESCRIPTION
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99.1 Joint Filing Agreement, dated October 14, 2004,
among HWH Capital Partners, L.P., HWH Valentine
Partners, L.P., HWH, L.P., HWH Valentine, L.P., HWH
Incorporated, HWH Valentine Incorporated and Robert
B. Haas
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CUSIP NO. 72813P 100 SCHEDULE 13D Page 15 of 16 Pages
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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 14, 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, 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
----------------------- ---------------------
CUSIP NO. 72813P 100 SCHEDULE 13D Page 16 of 16 Pages
----------------------- ---------------------
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