UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE TO

 

Tender Offer Statement under Section 14(d)(1) or 13(e)(1) of the Securities Exchange Act of 1934

 

(Amendment No. 6)

 

Frozen Food Express Industries, Inc.

(Name of Subject Company)

 

DUFF BROTHERS CAPITAL CORPORATION

Owned by: the Thomas Milton Duff Amended and Restated Trust Agreement and

the James Ernest Duff Amended and Restated Trust Agreement

and controlled by Thomas Milton Duff and James Ernest Duff

(Name of Filing Persons [Offerors])

 

COMMON STOCK, $1.50 PAR VALUE

(Title of Class of Securities)

 

359360104

(CUSIP Number of Class of Securities)

 

Thomas Milton Duff

529 Industrial Park Rd.

Columbia, MS 39429

(601) 424-3210

(Name, address, and telephone number of person authorized to receive notices and communications on behalf of filing persons)

 

Copies to:

 

Ralph S. Janvey, Esq.

Krage & Janvey, L.L.P.

2100 Ross Avenue

Suite 2600

Dallas, TX 75201

(214) 397-1912

 

Calculation of Filing Fee

 

Transaction Valuation*

 

Amount of Filing Fee*

$36,546,497

 

$4,985

 

*  Estimated solely for purposes of determining the amount of the filing fee. The transaction valuation was determined by multiplying (a) $2.10, the offer price per share by (b) the sum of: (i) 17,125,694, which is equal to the number of issued and outstanding shares of Frozen Food Express Industries, Inc. common stock (and unvested restricted stock) (18,175,818) minus the shares beneficially owned in the aggregate by the Filing Persons (1,050,124); and (ii) 277,000, the number of shares of Frozen Food Express Industries, Inc. common stock issuable by Frozen Food Express Industries, Inc. pursuant to the exercise of outstanding stock options under Frozen Food Express Industries, Inc.’s stock option plans .  The filing fee was calculated in accordance with Rule 0-11 under the Securities Exchange Act of 1934, as amended, and Fee Rate Advisory #1 for Fiscal Year 2013, issued August 31, 2012, by multiplying the transaction value by 0.0001364.

 

x   Check the box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid.  Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

 

Amount previously paid:

$4,985

Form or Registration No:

Schedule TO

Filing Party:

Duff Brothers Capital Corporation, Thomas Milton Duff Amended and Restated Trust Agreement, James Ernest Duff Amended and Restated Trust Agreement, Thomas Milton Duff, and James Ernest Duff

Date Filed:

July 22, 2013

 

o   Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which the statement relates:

x   third-party tender offer subject to Rule 14d-1.

o   issuer tender offer subject to Rule 13e-4.

o   going-private transaction subject to Rule 13e-3.

o   amendment to Schedule 13D under Rule 13d-2.

Check the following box if the filing is a final amendment reporting the results of the tender offer:  o

If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:

o   Rule 13e-4(i) (Cross-Border Issuer Tender Offer)

o   Rule 14d-1(d) (Cross-Border Third Party Tender Offer)

 

 

 



 

This Amendment No. 6 (this “Amendment”) amends and supplements the Tender Offer Statement on Schedule TO relating to Frozen Food Express Industries, Inc., a Texas corporation (“FFE”) (together with any subsequent amendments and supplements thereto, the “Schedule TO”) filed by Duff Brothers Capital Corporation, a Texas corporation (“Purchaser”).  Purchaser is owned by the Thomas Milton Duff Amended and Restated Trust Agreement and the James Ernest Duff Amended and Restated Trust Agreement.  The Purchaser’s owners are controlled by Thomas Milton Duff and James Ernest Duff as trustee of the respective trust bearing their name.  Together, the Purchaser, the Thomas Milton Duff Amended and Restated Trust Agreement, the James Ernest Duff Amended and Restated Trust Agreement, Thomas Milton Duff, and James Ernest Duff are the Filing Persons of this Schedule TO and the Bidders.  This Schedule TO relates to the offer by the Purchaser to purchase all of the shares of common stock not already owned by its control persons, $1.50 par value per share (the “Shares”), of FFE that are issued and outstanding, at a price of $2.10 per Share, net to the sellers in cash (the “Offer Price”), without interest, less any applicable withholding taxes, upon the terms and subject to the conditions set forth in the Offer to Purchase, dated July 22, 2013 (the “Disclosure Document”), and in the related letter of transmittal, copies of which are attached as Exhibits (a)(1)(i) and (a)(1)(ii) to the Schedule TO (which, together with any amendments or supplements thereto, collectively constitute the “Offer”).

 

All information contained in the Disclosure Document and the related letter of transmittal, including all schedules thereto, is hereby incorporated herein by reference in response to Items 1 through 9 and Item 11 in this Schedule TO.

 

This Amendment No. 6 is being filed to amend and supplement Item 11 as reflected below.

 

Item 11. Additional Information

 

Section 17—“Certain Legal Matters; Regulatory Approvals - Litigation” of the Disclosure Document is amended to add the following disclosure:

 

On August 15, 2013, the Court denied the plaintiff’s Motion for Preliminary Injunction in the Herrley Litigation during a telephonic hearing.  The Court has yet to rule on the Motion to Dismiss and various other motions to stay or expedite the proceedings.

 

1



 

SIGNATURE

 

After due 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 August 16, 2013

 

 

 

DUFF BROTHERS CAPITAL CORPORATION

 

 

 

 

 

BY:

/s/ Thomas Milton Duff

 

 

THOMAS MILTON DUFF, CO-PRESIDENT

 

 

 

 

 

 

 

BY:

/s/ James Ernest Duff

 

 

JAMES ERNEST DUFF, CO-PRESIDENT

 

 

 

 

 

THOMAS MILTON DUFF AMENDED AND RESTATED TRUST AGREEMENT

 

 

 

 

 

BY:

/s/ Thomas Milton Duff

 

 

THOMAS MILTON DUFF, TRUSTEE

 

 

 

JAMES ERNEST DUFF AMENDED AND RESTATED TRUST AGREEMENT

 

 

 

 

 

BY:

/s/ James Ernest Duff

 

 

JAMES ERNEST DUFF, TRUSTEE

 

 

 

 

 

/s/ Thomas Milton Duff

 

THOMAS MILTON DUFF

 

 

 

 

 

/s/ James Ernest Duff

 

JAMES ERNEST DUFF

 

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