SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 9)
SunOpta Inc. |
(Name of Issuer) |
Common Stock, Without Par Value |
(Title of Class of Securities) |
85 25 59 103 |
(CUSIP Number of Class of Securities) |
Michael A. Schwartz, Esq.
Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, NY 10019-6099
(212) 728-8000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
Copies to: |
December 3, 2007 |
(Date of Event which Requires Filing of this Schedule) |
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 §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box
o.Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 240.13d-7 for other parties to whom copies are to be sent.
SCHEDULE 13D/A
CUSIP No. 85 25 59 103 | ||
1 |
NAME OF REPORTING PERSON |
|||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
||||
Stephen R. Bronfman |
||||
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a)
Q |
||
(b)
£ |
||||
3 |
SEC USE ONLY |
|||
|
||||
4 |
SOURCE OF FUNDS |
|||
AF |
||||
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |
£ |
||
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION |
|||
Canada |
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER |
||
4,577,250 |
||||
8 |
SHARED VOTING POWER |
|||
-0- |
||||
9 |
SOLE DISPOSITIVE POWER |
|||
4,577,250 |
||||
10 |
SHARED DISPOSITIVE POWER |
|||
-0- |
||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|||
4,577,250 |
||||
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
£ |
||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|||
7.2% |
||||
14 |
TYPE OF REPORTING PERSON |
|||
IN |
||||
2
SCHEDULE 13D/A
CUSIP No. 85 25 59 103 | ||
1 |
NAME OF REPORTING PERSON |
|||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
||||
Robert Fetherstonhaugh |
||||
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a)
Q |
||
(b)
£ |
||||
3 |
SEC USE ONLY |
|||
|
||||
4 |
SOURCE OF FUNDS |
|||
AF |
||||
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |
£ |
||
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION |
|||
Canada |
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER |
||
39,000 |
||||
8 |
SHARED VOTING POWER |
|||
420,714 |
||||
9 |
SOLE DISPOSITIVE POWER |
|||
39,000 |
||||
10 |
SHARED DISPOSITIVE POWER |
|||
420,714 |
||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|||
459,714 |
||||
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
£ |
||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|||
0.72% |
||||
14 |
TYPE OF REPORTING PERSON |
|||
IN |
||||
3
SCHEDULE 13D/A
CUSIP No. 85 25 59 103 | ||
1 |
NAME OF REPORTING PERSON |
|||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
||||
SRB Belvedere Trust |
||||
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a)
Q
|
||
(b)
£ |
||||
3 |
SEC USE ONLY |
|||
|
||||
4 |
SOURCE OF FUNDS |
|||
AF |
||||
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |
£ |
||
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION |
|||
Canada |
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER |
||
-0- |
||||
8 |
SHARED VOTING POWER |
|||
420,714 |
||||
9 |
SOLE DISPOSITIVE POWER |
|||
-0- |
||||
10 |
SHARED DISPOSITIVE POWER |
|||
420,714 |
||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|||
420,714 |
||||
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
£ |
||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|||
0.66% |
||||
14 |
TYPE OF REPORTING PERSON |
|||
OO |
||||
4
SCHEDULE 13D/A
CUSIP No. 85 25 59 103 | ||
1 |
NAME OF REPORTING PERSON |
|||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
||||
Charles R. Bronfman Trust |
||||
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a)
Q
|
||
(b)
£ |
||||
3 |
SEC USE ONLY |
|||
|
||||
4 |
SOURCE OF FUNDS |
|||
AF |
||||
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |
£ |
||
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION |
|||
New York |
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER |
||
109,818 |
||||
8 |
SHARED VOTING POWER |
|||
-0- |
||||
9 |
SOLE DISPOSITIVE POWER |
|||
109,818 |
||||
10 |
SHARED DISPOSITIVE POWER |
|||
-0- |
||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
|||
109,818 |
||||
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
£ |
||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
|||
0.17% |
||||
14 |
TYPE OF REPORTING PERSON |
|||
OO |
||||
5
Introductory Note
This Amendment No. 9 (this "Statement") amends the Schedule 13D (the "Initial 13D") originally filed by Claridge Israel LLC, a Delaware limited liability company, on September 27, 2001, as amended by Amendment No. 1 thereto filed on October 2, 2001, as further amended by Amendment No. 2 thereto filed on October 23, 2001, as further amended by Amendment No. 3 thereto filed on December 27, 2001, as further amended by Amendment No. 4 thereto filed on December 6, 2002, as further amended by Amendment No. 5 thereto filed on March 28, 2003, as further amended and restated by Amendment No. 6 thereto filed on September 8, 2003, as further amended by Amendment No. 7 thereto filed on January 7, 2004 and as further amended by Amendment No. 8 thereto filed on May 12, 2006 (the Initial 13D, together with all amendments thereto, are herein referred to as the "Schedule 13D"). Stephen R. Bronfman ("Bronfman"), Robert Fetherstonhaugh ("Fetherstonhaugh"), the SRB Belvedere Trust (the "Belvedere Trust") and the Charles R. Bronfman Trust ("CR.BT" and, together with Bronfman and the Belvedere Trust, the "Bronfman Reporting Persons" and, the Bronfman Reporting Persons, together with Fetherstonhaugh, the "Reporting Persons") are jointly filing this Statement. Capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to them in the Schedule 13D.
Item 4.
Purpose of Transaction.
Item 4 of the Schedule 13D is hereby amended and restated in its entirety to read as follows:
(a)
On December 3, 2007, the Bronfman Reporting Persons entered into an Underwriting Agreement (the "Underwriting Agreement"), among the Issuer, Bronfman, the Belvedere Trust, CR.BT and BMO Capital Markets Corp. (the "Underwriter"). Pursuant to the Underwriting Agreement, Bronfman, the Belvedere Trust and CR.BT agreed to sell to the Underwriter an aggregate of 5,080,532 shares of Common Stock at a purchase price of $13.20 per share, resulting in net proceeds to the Bronfman Reporting Persons of $67,063,022.40. The sale of Common Stock pursuant to the Underwriting Agreement is expected to close, subject to the conditions set forth therein, on or about December 7, 2007. This summary of the Underwriting Agreement is qualified in its entirety by reference to the Underwriting Agreement, which has been filed as an exhibit hereto and is incorporated herein by reference.
Item 5.
Interest in Securities of the Issuer.
Items 5(a), (b), (c) and (e) of the Schedule 13D are hereby amended and restated in their entirety to read as follows:
(a)
The Reporting Persons may be deemed members of a group within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and Rule 13d-5(b)(1) thereunder. Bronfman and Fetherstonhaugh are designated by Claridge to serve on the Board of Directors of the Issuer. Additionally, Fetherstonhaugh is a Trustee of the Belvedere Trust.
6
Bronfman beneficially owns directly 4,577,250 shares of Common Stock (including 27,250 shares of Common Stock that may be acquired through presently exercisable options), which represents approximately 7.2% of the Common Stock of the Issuer based on the 63,981,483 shares of Common Stock the Issuer had outstanding as of November 8, 2007, as reported on the Issuer's Form 10-Q for the quarterly period ended September 30, 2007 (the "Reported Share Number") and the 27,250 shares of Common Stock that may be acquired trhough presently exercisable options. Bronfman is a contingent beneficiary of CR.BT and the sole beneficiary of the Belvedere Trust. Bronfman disclaims beneficial ownership of (i) the shares of Common Stock held by CR.BT to the extent he may be deemed to have an interest in them through CR.BT and (ii) all shares of Common Stock held by Fetherstonhaugh and the Belvedere Trust.
Fetherstonhaugh beneficially owns (i) directly 39,000 shares of Common Stock (including 29,000 shares of Common Stock that may be acquired through presently exercisable options) and (ii) indirectly 420,714 shares of Common Stock held by the Belvedere Trust, which in the aggregate represents approximately 0.72% of the Common Stock of the Issuer based on the Reported Share Number and the 29,000 shares of Common Stock that may be acquired through presently exercisable options. Fetherstonhaugh disclaims beneficial ownership of all shares of Common Stock held by Bronfman and CR.BT.
The Belvedere Trust beneficially owns directly 420,714 shares of Common Stock, which represents approximately 0.66% of the Common Stock of the Issuer, based on the the Reported Share Number. The Belvedere Trust disclaims beneficial ownership of all shares of Common Stock held by Bronfman, Fetherstonhaugh and CR.BT. The Belvedere Trust shares beneficial ownership of all of the shares of Common Stock owned by it with Fetherstonhaugh, a Belvedere Trustee.
CR.BT beneficially owns 109,818 shares of Common Stock, which represents approximately 0.17% of the Common Stock of the Issuer, based on the Reported Share Number. CR.BT disclaims beneficial ownership of all shares of Common Stock held by Bronfman, Fetherstonhaugh and the Belvedere Trust.
Except as disclosed in this Item 5(a), as of the date hereof, none of the Reporting Persons nor, to the best knowledge of the Reporting Persons, the persons set forth on Schedule I-A or Schedule I-B to Amendment No. 7 to the Schedule 13D, beneficially owns any shares of Common Stock.
(b)
Except as set forth in Item 5(a) above, each Reporting Person possesses the sole power to vote and to dispose of the shares of Common Stock reported herein as beneficially owned by such Reporting Person.
7
(c)
Except as set forth above, during the last 60 days there have been no transactions in the Common Stock effected by the Reporting Persons.
(e)
Not applicable.
Item 6.
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
The information in Item 4 of this Statement is incorporated by reference in this Item 6.
Except for the agreements described in this Statement, that are incorporated herein by reference, to the best knowledge of the Reporting Persons, there are no contracts, arrangements, understandings or relationships (legal or otherwise) between the persons enumerated in Item 2 of this Schedule 13D, and any other person, with respect to any securities of the Issuer, including, but not limited to, transfer or voting of any of the securities, finder's fees, joint ventures, loan or option agreements, puts or calls, guarantees of profits, divisions of profits or loss, or the giving or withholding of proxies.
Item 7.
Material to be Filed as Exhibits.
|
Exhibit 99.1. | Joint Filing Agreement, dated May 12, 2006, by and among Stephen R. Bronfman, Robert Fetherstonhaugh, SRB Belvedere Trust and Charles R. Bronfman Trust.* |
|
||
|
Exhibit 99.2. | Power of Attorney from Stephen R. Bronfman.* |
|
||
|
Exhibit 99.3. | Power of Attorney from Robert Fetherstonhaugh.* |
|
||
|
Exhibit 99.4. | Power of Attorney from Robert Fetherstonhaugh, a Trustee of the SRB Belvedere Trust.* |
|
||
|
Exhibit 99.5. | Power of Attorney from Michael Vineberg, a Trustee of the SRB Belvedere Trust.* |
|
||
|
Exhibit 99.7. | Power of Attorney from Steven H. Levin, a Trustee of the Charles R. Bronfman Trust.* |
|
||
|
Exhibit 99.8. | Power of Attorney from Jay Rubinstein, a Trustee of the Charles R. Bronfman Trust.* |
|
||
|
Exhibit 99.9 | Underwriting Agreement, dated December 3, 2007, by and among SunOpta Inc., Stephen R. Bronfman, the SRB Belvedere Trust, the Charles R. Bronfman Trust and BMO Capital Markets Corp. |
* Incorporated by reference to Amendment No. 8 to Schedule 13D by the Reporting Persons filed with the Commission on May 12, 2006 (Commission File No. 005-59617).
8
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
Dated: December 4, 2007 | STEPHEN R. BRONFMAN |
By: /s/ Zeno Santache | |
Name: Zeno Santache, | |
as Attorney-in-Fact | |
for Stephen R. Bronfman | |
Dated: December 4, 2007 | ROBERT FETHERSTONHAUGH |
By: /s/ Zeno Santache | |
Name: Zeno Santache, | |
as Attorney-in-Fact | |
for Robert Fetherstonhaugh | |
Dated: December 4, 2007 | SRB BELVEDERE TRUST |
By: /s/ Zeno Santache | |
Name: Zeno Santache, | |
as Attorney-in-Fact for each of | |
Robert Fetherstonhaugh, a Trustee, and | |
Michael D. Vineberg, a Trustee | |
Dated: December 4, 2007 | CHARLES R. BRONFMAN TRUST |
By: /s/ Marc A. Berger | |
Name: Marc A. Berger | |
Title: Trustee |
787 Seventh Avenue New York, NY 10019-6099 Tel: 212 728 8000 Fax: 212 728 8111 |
December 4, 2007
VIA EDGAR
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Re:
Amendment No. 9 to Schedule 13D with respect to the common stock,
without par
value, of SunOpta Inc.
Ladies and Gentlemen:
On behalf of Stephen R. Bronfman, Robert Fetherstonhaugh, the SRB Belvedere Trust and the Charles R. Bronfman Trust, transmitted herewith for filing with the Securities and Exchange Commission is one complete copy of Amendment No. 9 to that certain Schedule 13D, originally filed on September 27, 2001 (the "Schedule 13D") with respect to the common stock, without par value, of SunOpta Inc., a Canadian corporation (the "Company").
By copy of this letter, one complete copy of this Amendment No. 9 to the Schedule 13D has been sent to the Company at its principal executive office.
Should you have any questions regarding the enclosed, please call the undersigned or Michael A. Schwartz at (212) 728-8000.
Very truly yours,
/s/ Andrew A. Markus
Encl.
cc:
SunOpta Inc.
Zeno Santache
Michael A. Schwartz, Esq.