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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 6)
ALLCITY INSURANCE COMPANY
(Name of Issuer)
COMMON SHARES, $1 PAR VALUE 016752107
(Title of class of securities) (CUSIP number)
ANDREA A. BERNSTEIN, ESQ.
WEIL, GOTSHAL & MANGES LLP
767 FIFTH AVENUE
NEW YORK, NY 10153
(212) 310-8000
(Name, address and telephone number of person authorized
to receive notices and communications)
MARCH 18, 2003
(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(b)(3) or (4), check the following box [_].
Check the following box if a fee is being paid with the statement [_].
(A fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7.)
Note: When filing this statement in paper format, six copies of this statement,
including exhibits, should be filed with the Commission. See Rule 13d-1(a) for
other parties to whom copies are to be sent.
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CUSIP No. 016752107 13D
-------------------------------------------------------------------------- ----------------------------------------
--------------- ---------------------------------------------------------- --------------------------------------------------------
1 NAME OF REPORTING PERSON: LEUCADIA NATIONAL CORPORATION
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
--------------- -------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
--------------- -------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------------- ------------------------------------ ------------------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
--------------- -------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
--------------- ---------------------------------------------------------- --------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: NEW YORK
--------------------------- -------- ----------------------------------------------------- ----------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
-------- ----------------------------------------------------- ----------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 6,458,808 (SEE ITEM 5)
OWNED BY
-------- ----------------------------------------------------- ----------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
-------- ----------------------------------------------------- ----------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 6,458,808 (SEE ITEM 5)
--------------- -------------------------------------------------------------------------- ----------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 6,458,808 (SEE ITEM 5)
--------------- -------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
--------------- -------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 91.2%
--------------- ---------------------------------------------------------- --------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
--------------- ---------------------------------------------------------- --------------------------------------------------------
2
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CUSIP No. 016752107 13D
-------------------------------------------------------------------------- ----------------------------------------
--------------- ---------------------------------------------------------- --------------------------------------------------------
1 NAME OF REPORTING PERSON: WMAC INVESTMENT CORPORATION
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
--------------- -------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
--------------- -------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------------- ------------------------------------ ------------------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
--------------- -------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
--------------- ---------------------------------------------------------- --------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: WISCONSIN
--------------------------- -------- ----------------------------------------------------- ----------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
-------- ----------------------------------------------------- ----------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 299,370 (SEE ITEM 5)
OWNED BY
-------- ----------------------------------------------------- ----------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
-------- ----------------------------------------------------- ----------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 299,370 (SEE ITEM 5)
--------------- -------------------------------------------------------------------------- ----------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 299,370 (SEE ITEM 5)
--------------- -------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
--------------- -------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.2%
--------------- ---------------------------------------------------------- --------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
--------------- ---------------------------------------------------------- --------------------------------------------------------
3
------------------------------------------------------------------------------ --------------- ------------------------------------
CUSIP No. 016752107 13D
------------------------------------------------------------------------------ --------------- ------------------------------------
------------------- ---------------------------------------------------------- ----------------------------------------------------
1 NAME OF REPORTING PERSON: PHLCORP, INC.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
------------------- ---------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
------------------- ---------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------- ------------------------------------ --------------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
------------------- ---------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
------------------- ---------------------------------------------------------- ----------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: PENNSYLVANIA
------------------------------- --------- ---------------------------------------------------- ------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
------------------------------- --------- ---------------------------------------------------- ------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 6,458,808 (SEE ITEM 5)
OWNED BY
------------------------------- --------- ---------------------------------------------------- ------------------------------------
EACH 9 SOLE DISPOSITIVE POWER:
REPORTING
------------------------------- --------- ---------------------------------------------------- ------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 6,458,808 (SEE ITEM 5)
------------------- -------------------------------------------------------------------------- ------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 6,458,808 (SEE ITEM 5)
------------------- ---------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
------------------- ---------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 91.2%
------------------- ---------------------------------------------------------- ----------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
------------------- ---------------------------------------------------------- ----------------------------------------------------
4
---------------------------------------------------------------------------------- ---------------------------------
CUSIP No. 016752107 13D
---------------------------------------------------------------------------------- ---------------------------------
---------------------- ----------------------------------------------------------- ------------------------------------------------
1 NAME OF REPORTING PERSON: 330 MAD. PARENT CORP.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
---------------------- ------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
---------------------- ------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------------- ------------------------------------- ----------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
---------------------- ------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
---------------------- ----------------------------------------------------------- ------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE
----------------------------------- -------- ---------------------------------------------------- ---------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
-------- ---------------------------------------------------- ---------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 6,159,438 (SEE ITEM 5)
OWNED BY
-------- ---------------------------------------------------- ---------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
-------- ---------------------------------------------------- ---------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 6,159,438 (SEE ITEM 5)
---------------------- -------------------------------------------------------------------------- ---------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 6,159,438 (SEE ITEM 5)
---------------------- ------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
---------------------- ------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 87.0%
---------------------- ----------------------------------------------------------- ------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
---------------------- ----------------------------------------------------------- ------------------------------------------------
5
---------------------------------------------------------------------------------- ---------------------------------
CUSIP No. 016752107 13D
---------------------------------------------------------------------------------- ---------------------------------
---------------------- ----------------------------------------------------------- ------------------------------------------------
1 NAME OF REPORTING PERSON: BALDWIN ENTERPRISES, INC.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
---------------------- ------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
---------------------- ------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------------- ------------------------------------- ----------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
---------------------- ------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
---------------------- ----------------------------------------------------------- ------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: COLORADO
----------------------------------- -------- ---------------------------------------------------- ---------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
-------- ---------------------------------------------------- ---------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 6,159,438 (SEE ITEM 5)
OWNED BY
-------- ---------------------------------------------------- ---------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
-------- ---------------------------------------------------- ---------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 6,159,438 (SEE ITEM 5)
---------------------- -------------------------------------------------------------------------- ---------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 6,159,438 (SEE ITEM 5)
---------------------- ------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
---------------------- ------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 87.0%
---------------------- ----------------------------------------------------------- ------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
---------------------- ----------------------------------------------------------- ------------------------------------------------
6
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CUSIP No. 016752107 13D
---------------------------------------------------------------------------------- ---------------------------------
---------------------- ----------------------------------------------------------- ------------------------------------------------
1 NAME OF REPORTING PERSON: BELLPET, INC.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
---------------------- ------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
---------------------- ------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------------- ------------------------------------- ----------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
---------------------- ------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
---------------------- ----------------------------------------------------------- ------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE
----------------------------------- -------- ---------------------------------------------------- ---------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
-------- ---------------------------------------------------- ---------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 5,688,031 (SEE ITEM 5)
OWNED BY
-------- ---------------------------------------------------- ---------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
-------- ---------------------------------------------------- ---------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 5,688,031 (SEE ITEM 5)
---------------------- -------------------------------------------------------------------------- ---------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 5,688,031 (SEE ITEM 5)
---------------------- ------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
---------------------- ------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 80.4%
---------------------- ----------------------------------------------------------- ------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
---------------------- ----------------------------------------------------------- ------------------------------------------------
7
---------------------------------------------------------------------------------- ---------------------------------
CUSIP No. 016752107 13D
---------------------------------------------------------------------------------- ---------------------------------
---------------------- ----------------------------------------------------------- ------------------------------------------------
1 NAME OF REPORTING PERSON: EMPIRE INSURANCE COMPANY
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
---------------------- ------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
---------------------- ------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------------- ------------------------------------- ----------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
---------------------- ------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
---------------------- ----------------------------------------------------------- ------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: NEW YORK
----------------------------------- -------- ---------------------------------------------------- ---------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
-------- ---------------------------------------------------- ---------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 5,987,401
OWNED BY
-------- ---------------------------------------------------- ---------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
-------- ---------------------------------------------------- ---------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 5,987,401
---------------------- -------------------------------------------------------------------------- ---------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 5,987,401
---------------------- ------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
---------------------- ------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 84.6%
---------------------- ----------------------------------------------------------- ------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
---------------------- ----------------------------------------------------------- ------------------------------------------------
8
Item 1. Security and Issuer.
This Statement constitutes Amendment No. 6 ("Amendment No. 6") to the
Statement on Schedule 13D (the "Schedule 13D") filed with the Securities and
Exchange Commission by Leucadia National Corporation ("Leucadia") and its
subsidiaries, Phlcorp, Inc. ("Phlcorp"), WMAC Investment Corporation ("WMAC"),
330 MAD. PARENT CORP. ("330 Mad. Parent"), Baldwin Enterprises, Inc. ("BEI"),
BELLPET, Inc. ("Bellpet") and Empire Insurance Company ("Empire") (collectively,
the "Controlling Entities").
This Statement relates to the common stock, par value $1.00 (the
"Common Stock"), of Allcity Insurance Company (the "Company"). The address of
the principal executive office of the Company is 45 Main Street, Brooklyn, New
York 11201.
Unless otherwise indicated, all capitalized terms used herein have
the meanings ascribed to them in the Schedule 13D.
Item 4. Purpose of Transaction.
In response to negotiations conducted by a Special Committee of the
Company's Board of Directors, Leucadia has increased the consideration for its
proposed tender offer to $2.75 per share. The Special Committee also advised
Leucadia that, subject to confirmation that the Company's Annual Report on Form
10-K for the year ended December 31, 2002 does not disclose any information that
would adversely affect the Special Committee's evaluation of the proposal or the
opinion of the financial advisor to the Special Committee as to the fairness,
from a financial point of view, of the $2.75 per share price to the shareholders
of the Company unaffiliated with Leucadia, the Special Committee would recommend
that the Board of Directors recommend that shareholders accept Leucadia's
proposal.
Assuming that the Special Committee and the Board of Directors each
recommend acceptance of Leucadia's proposal, Leucadia has advised the Company
that it intends to commence the tender offer as soon as practicable, although
there can be no assurance that any such tender offer will in fact be commenced
or consummated.
In addition to the foregoing, subject to and depending upon
availability at prices deemed favorable by Leucadia, Leucadia, directly or
through its subsidiaries, may purchase additional shares of Common Stock from
time to time in the open market, in privately negotiated transactions with third
parties or otherwise. As stated above, Leucadia may consider increasing its
ownership of Common Stock above current levels by proposing a merger or other
business combination or otherwise, in which event its involvement may be through
or together with entities in which it has an interest.
Except as set forth above, none of the Controlling Entities have any
present plans or intentions which would result in or relate to any of the
transactions described in subparagraphs (a) through (j) of Item 4 of Schedule
13D.
Leucadia's proposal is merely an expression of interest and is not
intended to be legally binding in any way. If an offer were to be made, it would
be made in accordance with all applicable securities laws and would involve the
filing of appropriate materials with the Securities and Exchange Commission and
9
the mailing of appropriate materials to the public shareholders of the Company.
Any communications regarding the potential tender offer will be filed
with the SEC on Schedule TO as "pre-commencement communications" to a tender
offer. When it becomes available, shareholders should read the tender offer
statement on Schedule TO (including a "going private" statement on Schedule
13e-3) to be filed by Leucadia as it will contain important information about
the tender offer. When it becomes available, shareholders can obtain such tender
offer statement on Schedule TO free of charge from the U.S. Securities and
Exchange Commission's website at http: www.sec.gov or from Leucadia by directing
a request to Leucadia National Corporation, 315 Park Avenue South, New York, New
York 10010.
Item 7. Material to be Filed as Exhibits.
1. Agreement among the Controlling Entities with respect to the
filing of this Schedule 13D.
10
SIGNATURE
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.
Dated: March 25, 2003
LEUCADIA NATIONAL CORPORATION
By: /s/ Joseph A. Orlando
----------------------------------------------
Name: Joseph A. Orlando
Title: Vice President and Chief Financial Officer
11
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.
Dated: March 25, 2003
WMAC INVESTMENT CORPORATION
By: /s/ Joseph A. Orlando
---------------------------------
Name: Joseph A. Orlando
Title: Vice President
12
SIGNATURE
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.
Dated: March 25, 2003
PHLCORP, INC.
By: /s/ Joseph A. Orlando
-----------------------------------
Name: Joseph A. Orlando
Title: Vice President
13
SIGNATURE
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.
Dated: March 25, 2003
330 MAD. PARENT CORP.
By: /s/ Corinne Maki
----------------------------------------------
Name: Corinne Maki
Title: Vice President, Secretary and Controller
14
SIGNATURE
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.
Dated: March 25, 2003
BALDWIN ENTERPRISES, INC.
By: /s/ Joseph A. Orlando
------------------------------------
Name: Joseph A. Orlando
Title: Vice President
15
SIGNATURE
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.
Dated: March 25, 2003
BELLPET, INC.
By: /s/ Corinne Maki
--------------------------------------------
Name: Corinne Maki
Title: Vice President, Secretary and Controller
16
SIGNATURE
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.
Dated: March 25, 2003
EMPIRE INSURANCE COMPANY
By: /s/ Rocco Nittoli
--------------------------------------
Name: Rocco Nittoli
Title: Chief Operating Officer
17