UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE TO
(AMENDMENT NO. 12)
TENDER OFFER STATEMENT UNDER SECTION 14(D)(1) OR 13(E)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
ELMER'S RESTAURANTS, INC.
(NAME OF SUBJECT COMPANY (ISSUER))
BRUCE N. DAVIS
LINDA ELLIS-BOLTON
KAREN K. BROOKS
RICHARD P. BUCKLEY
DAVID D. CONNOR
STEPHANIE M. CONNOR
THOMAS C. CONNOR
CORYDON H. JENSEN, JR.
DEBRA A. WOOLLEY-LEE
DOUGLAS A. LEE
DAVID C. MANN
SHEILA J. SCHWARTZ
GERALD A. SCOTT
WILLIAM W. SERVICE
DENNIS M. WALDRON
GARY N. WEEKS
GREG W. WENDT
RICHARD C. WILLIAMS
DOLLY W. WOOLLEY
DONALD W. WOOLLEY AND
DONNA P. WOOLLEY, TOGETHER
WITH ERI ACQUISITION CORP., AS OFFEROR
(NAMES OF FILING PERSONS (IDENTIFYING STATUS AS OFFEROR,
ISSUER OR OTHER PERSON))
COMMON STOCK, NO PAR VALUE
(TITLE OF CLASS OF SECURITIES)
289393
(CUSIP NUMBER OF CLASS OF SECURITIES)
JEFFREY C. WOLFSTONE, ESQ.
GREGORY L. ANDERSON, ESQ.
BENJAMIN G. LENHART, ESQ.
LANE POWELL PC
601 SW SECOND AVENUE, SUITE 2100
PORTLAND, OREGON 97204
(503) 778-2100
(NAME, ADDRESS, AND TELEPHONE NUMBERS OF
PERSON AUTHORIZED TO RECEIVE NOTICES AND
COMMUNICATIONS ON BEHALF OF FILING PERSONS)
Calculation of Filing Fee
--------------------------------------------------------------------------------
Transaction valuation* Amount of filing fee**
$6,019,091 $708.45
--------------------------------------------------------------------------------
*Estimated for purposes of calculating the filing fee only. This calculation
assumes the purchase of 756,601 shares of common stock of Elmer's Restaurants,
Inc. at the tender offer price of $7.50 per share of common stock. The
transaction value also includes the offer price of $7.50 less $4.81, which is
the average exercise price of outstanding options, multiplied by 128,098, the
estimated number of options outstanding not held by the Filing Persons listed
above.
**The amount of filing fee, calculated in accordance with Rule 0-11 of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), and Fee Rate
Advisory No. 6 for fiscal year 2005, equals $117.70 per million of transaction
value, or $708.45.
[X] Check the box if any part of the fee is offset as provided by 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: $708.45
-------------------------
Form or Registration No.: SC TO-T/13E-3
---------------------------
Date Filed: December 20, 2004
---------------------------
Filing Party: Bruce N. Davis, Linda Ellis-Bolton,
Karen K. Brooks, Richard P. Buckley, David D. Connor, Stephanie M. Connor,
Thomas C. Connor, Corydon H. Jensen, Jr., Debra A. Woolley-Lee, Douglas A. Lee,
David C. Mann, Sheila J. Schwartz, Gerald A. Scott, William W. Service, Dennis
M. Waldron, Gary N. Weeks, Greg W. Wendt, Richard C. Williams, Dolly W. Woolley,
Donald W. Woolley, and Donna P. Woolley, together with ERI Acquisition Corp.
[ ] 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-l.
[ ] issuer tender offer subject to Rule 13e-4.
[X] going-private transaction subject to Rule 13e-3.
[X] 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: [ ]
2
--------------------------------------------------------------------------------
CUSIP No. 289393
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Linda Ellis-Bolton
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
N/A
----------- --------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (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
United States of America
------------------- ---------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES BENEFICIALLY
OWNED BY EACH -0- shares
REPORTING PERSON ---------- -------------------------------------------------
WITH 8 SHARED VOTING POWER
-1,939,119- shares*
---------- -------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0- shares
---------- -------------------------------------------------
10 SHARED DISPOSITIVE POWER
-1,939,119- shares*
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 1,939,119*
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES |_|
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 92.0%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
----------- --------------------------------------------------------------------
*Includes 1,075,192 shares contributed to ERI Acquisition Corp. ("Purchaser") by
the Continuing Shareholders; 266,667 options to purchase common stock of Elmer's
Restaurants, Inc. ("Elmer's") exercisable within 60 days from March 11, 2005;
and 599,503 Shares accepted by Purchaser in the cash tender offer.
3
--------------------------------------------------------------------------------
CUSIP No. 289393
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Karen K. Brooks
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
N/A
----------- --------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (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
United States of America
------------------- ---------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES BENEFICIALLY
OWNED BY EACH -0- shares
REPORTING PERSON ---------- -------------------------------------------------
WITH 8 SHARED VOTING POWER
-1,939,119- shares*
---------- -------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0- shares
---------- -------------------------------------------------
10 SHARED DISPOSITIVE POWER
-1,939,119- shares*
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 1,939,119*
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES |_|
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 92.0%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
----------- --------------------------------------------------------------------
*Includes 1,075,192 shares contributed to Purchaser by the Continuing
Shareholders; 266,667 options to purchase common stock of Elmer's exercisable
within 60 days from February 3, 2005; and 599,503 Shares accepted by Purchaser
in the cash tender offer.
4
--------------------------------------------------------------------------------
CUSIP No. 289393
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Richard P. Buckley
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
N/A
----------- --------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (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
United States of America
------------------- ---------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES BENEFICIALLY
OWNED BY EACH -0- shares
REPORTING PERSON ---------- -------------------------------------------------
WITH 8 SHARED VOTING POWER
-1,939,119- shares*
---------- -------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0- shares
---------- -------------------------------------------------
10 SHARED DISPOSITIVE POWER
-1,939,119- shares*
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 1,939,119*
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES |_|
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 92.0%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
----------- --------------------------------------------------------------------
*Includes 1,075,192 shares contributed to Purchaser by the Continuing
Shareholders; 266,667 options to purchase common stock of Elmer's exercisable
within 60 days from February 3, 2005; and 599,503 Shares accepted by Purchaser
in the cash tender offer.
5
--------------------------------------------------------------------------------
CUSIP No. 289393
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Thomas C. Connor
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
N/A
----------- --------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (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
United States of America
------------------- ---------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES BENEFICIALLY
OWNED BY EACH -0- shares
REPORTING PERSON ---------- -------------------------------------------------
WITH 8 SHARED VOTING POWER
-1,939,119- shares*
---------- -------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0- shares
---------- -------------------------------------------------
10 SHARED DISPOSITIVE POWER
-1,939,119- shares*
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 1,939,119*
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES |_|
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 92.0%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
----------- --------------------------------------------------------------------
*Includes 1,075,192 shares contributed to Purchaser by the Continuing
Shareholders; 266,667 options to purchase common stock of Elmer's exercisable
within 60 days from February 3, 2005; and 599,503 Shares accepted by Purchaser
in the cash tender offer.
6
--------------------------------------------------------------------------------
CUSIP No. 289393
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
David D. Connor
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
N/A
----------- --------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (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
United States of America
------------------- ---------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES BENEFICIALLY
OWNED BY EACH -0- shares
REPORTING PERSON ---------- -------------------------------------------------
WITH 8 SHARED VOTING POWER
-1,939,119- shares*
---------- -------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0- shares
---------- -------------------------------------------------
10 SHARED DISPOSITIVE POWER
-1,939,119- shares*
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 1,939,119*
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES |_|
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 92.0%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
----------- --------------------------------------------------------------------
*Includes 1,075,192 shares contributed to Purchaser by the Continuing
Shareholders; 266,667 options to purchase common stock of Elmer's exercisable
within 60 days from February 3, 2005; and 599,503 Shares accepted by Purchaser
in the cash tender offer.
7
--------------------------------------------------------------------------------
CUSIP No. 289393
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Stephanie M. Connor
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
N/A
----------- --------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (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
United States of America
------------------- ---------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES BENEFICIALLY
OWNED BY EACH -0- shares
REPORTING PERSON ---------- -------------------------------------------------
WITH 8 SHARED VOTING POWER
-1,939,119- shares*
---------- -------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0- shares
---------- -------------------------------------------------
10 SHARED DISPOSITIVE POWER
-1,939,119- shares*
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 1,939,119*
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES |_|
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 92.0%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
----------- --------------------------------------------------------------------
*Includes 1,075,192 shares contributed to Purchaser by the Continuing
Shareholders; 266,667 options to purchase common stock of Elmer's exercisable
within 60 days from February 3, 2005; and 599,503 Shares accepted by Purchaser
in the cash tender offer.
8
--------------------------------------------------------------------------------
CUSIP No. 289393
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Bruce N. Davis
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
N/A
----------- --------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (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
United States of America
------------------- ---------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES BENEFICIALLY
OWNED BY EACH -0- shares
REPORTING PERSON ---------- -------------------------------------------------
WITH 8 SHARED VOTING POWER
-1,939,119- shares*
---------- -------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0- shares
---------- -------------------------------------------------
10 SHARED DISPOSITIVE POWER
-1,939,119- shares*
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 1,939,119*
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES |_|
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 92.0%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
----------- --------------------------------------------------------------------
*Includes 1,075,192 shares contributed to Purchaser by the Continuing
Shareholders; 266,667 options to purchase common stock of Elmer's exercisable
within 60 days from February 3, 2005; and 599,503 Shares accepted by Purchaser
in the cash tender offer.
9
--------------------------------------------------------------------------------
CUSIP No. 289393
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Corydon H. Jensen, Jr.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
N/A
----------- --------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (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
United States of America
------------------- ---------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES BENEFICIALLY
OWNED BY EACH -0- shares
REPORTING PERSON ---------- -------------------------------------------------
WITH 8 SHARED VOTING POWER
-1,939,119- shares*
---------- -------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0- shares
---------- -------------------------------------------------
10 SHARED DISPOSITIVE POWER
-1,939,119- shares*
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 1,939,119*
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES |_|
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 92.0%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
----------- --------------------------------------------------------------------
*Includes 1,075,192 shares contributed to Purchaser by the Continuing
Shareholders; 266,667 options to purchase common stock of Elmer's exercisable
within 60 days from February 3, 2005; and 599,503 Shares accepted by Purchaser
in the cash tender offer.
10
--------------------------------------------------------------------------------
CUSIP No. 289393
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Douglas A. Lee
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
N/A
----------- --------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (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
United States of America
------------------- ---------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES BENEFICIALLY
OWNED BY EACH -0- shares
REPORTING PERSON ---------- -------------------------------------------------
WITH 8 SHARED VOTING POWER
-1,939,119- shares*
---------- -------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0- shares
---------- -------------------------------------------------
10 SHARED DISPOSITIVE POWER
-1,939,119- shares*
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 1,939,119*
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES |_|
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 92.0%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
----------- --------------------------------------------------------------------
*Includes 1,075,192 shares contributed to Purchaser by the Continuing
Shareholders; 266,667 options to purchase common stock of Elmer's exercisable
within 60 days from February 3, 2005; and 599,503 Shares accepted by Purchaser
in the cash tender offer.
11
--------------------------------------------------------------------------------
CUSIP No. 289393
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Debra A. Woolley-Lee
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
N/A
----------- --------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (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
United States of America
------------------- ---------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES BENEFICIALLY
OWNED BY EACH -0- shares
REPORTING PERSON ---------- -------------------------------------------------
WITH 8 SHARED VOTING POWER
-1,939,119- shares*
---------- -------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0- shares
---------- -------------------------------------------------
10 SHARED DISPOSITIVE POWER
-1,939,119- shares*
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 1,939,119*
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES |_|
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 92.0%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
----------- --------------------------------------------------------------------
*Includes 1,075,192 shares contributed to Purchaser by the Continuing
Shareholders; 266,667 options to purchase common stock of Elmer's exercisable
within 60 days from February 3, 2005; and 599,503 Shares accepted by Purchaser
in the cash tender offer.
12
--------------------------------------------------------------------------------
CUSIP No. 289393
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
David Mann
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
N/A
----------- --------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (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
United States of America
------------------- ---------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES BENEFICIALLY
OWNED BY EACH -0- shares
REPORTING PERSON ---------- -------------------------------------------------
WITH 8 SHARED VOTING POWER
-1,939,119- shares*
---------- -------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0- shares
---------- -------------------------------------------------
10 SHARED DISPOSITIVE POWER
-1,939,119- shares*
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 1,939,119*
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES |_|
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 92.0%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
----------- --------------------------------------------------------------------
*Includes 1,075,192 shares contributed to Purchaser by the Continuing
Shareholders; 266,667 options to purchase common stock of Elmer's exercisable
within 60 days from February 3, 2005; and 599,503 Shares accepted by Purchaser
in the cash tender offer.
13
--------------------------------------------------------------------------------
CUSIP No. 289393
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Sheila J. Schwartz
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
N/A
----------- --------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (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
United States of America
------------------- ---------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES BENEFICIALLY
OWNED BY EACH -0- shares
REPORTING PERSON ---------- -------------------------------------------------
WITH 8 SHARED VOTING POWER
-1,939,119- shares*
---------- -------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0- shares
---------- -------------------------------------------------
10 SHARED DISPOSITIVE POWER
-1,939,119- shares*
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 1,939,119*
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES |_|
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 92.0%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
----------- --------------------------------------------------------------------
*Includes 1,075,192 shares contributed to Purchaser by the Continuing
Shareholders; 266,667 options to purchase common stock of Elmer's exercisable
within 60 days from February 3, 2005; and 599,503 Shares accepted by Purchaser
in the cash tender offer.
14
--------------------------------------------------------------------------------
CUSIP No. 289393
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Gerald A. Scott
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
N/A
----------- --------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (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
United States of America
------------------- ---------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES BENEFICIALLY
OWNED BY EACH -0- shares
REPORTING PERSON ---------- -------------------------------------------------
WITH 8 SHARED VOTING POWER
-1,939,119- shares*
---------- -------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0- shares
---------- -------------------------------------------------
10 SHARED DISPOSITIVE POWER
-1,939,119- shares*
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 1,939,119*
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES |_|
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 92.0%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
----------- --------------------------------------------------------------------
*Includes 1,075,192 shares contributed to Purchaser by the Continuing
Shareholders; 266,667 options to purchase common stock of Elmer's exercisable
within 60 days from February 3, 2005; and 599,503 Shares accepted by Purchaser
in the cash tender offer.
15
--------------------------------------------------------------------------------
CUSIP No. 289393
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
William W. Service
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
N/A
----------- --------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (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
United States of America
------------------- ---------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES BENEFICIALLY
OWNED BY EACH -0- shares
REPORTING PERSON ---------- -------------------------------------------------
WITH 8 SHARED VOTING POWER
-1,939,119- shares*
---------- -------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0- shares
---------- -------------------------------------------------
10 SHARED DISPOSITIVE POWER
-1,939,119- shares*
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 1,939,119*
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES |_|
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 92.0%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
----------- --------------------------------------------------------------------
*Includes 1,075,192 shares contributed to Purchaser by the Continuing
Shareholders; 266,667 options to purchase common stock of Elmer's exercisable
within 60 days from February 3, 2005; and 599,503 Shares accepted by Purchaser
in the cash tender offer.
16
--------------------------------------------------------------------------------
CUSIP No. 289393
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Dennis M. Waldron
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
N/A
----------- --------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (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
United States of America
------------------- ---------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES BENEFICIALLY
OWNED BY EACH -0- shares
REPORTING PERSON ---------- -------------------------------------------------
WITH 8 SHARED VOTING POWER
-1,939,119- shares*
---------- -------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0- shares
---------- -------------------------------------------------
10 SHARED DISPOSITIVE POWER
-1,939,119- shares*
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 1,939,119*
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES |_|
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 92.0%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
----------- --------------------------------------------------------------------
*Includes 1,075,192 shares contributed to Purchaser by the Continuing
Shareholders; 266,667 options to purchase common stock of Elmer's exercisable
within 60 days from February 3, 2005; and 599,503 Shares accepted by Purchaser
in the cash tender offer.
17
--------------------------------------------------------------------------------
CUSIP No. 289393
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Gary M. Weeks
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
N/A
----------- --------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (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
United States of America
------------------- ---------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES BENEFICIALLY
OWNED BY EACH -0- shares
REPORTING PERSON ---------- -------------------------------------------------
WITH 8 SHARED VOTING POWER
-1,939,119- shares*
---------- -------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0- shares
---------- -------------------------------------------------
10 SHARED DISPOSITIVE POWER
-1,939,119- shares*
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 1,939,119*
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES |_|
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 92.0%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
----------- --------------------------------------------------------------------
*Includes 1,075,192 shares contributed to Purchaser by the Continuing
Shareholders; 266,667 options to purchase common stock of Elmer's exercisable
within 60 days from February 3, 2005; and 599,503 Shares accepted by Purchaser
in the cash tender offer.
18
--------------------------------------------------------------------------------
CUSIP No. 289393
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Greg W. Wendt
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
N/A
----------- --------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (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
United States of America
------------------- ---------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES BENEFICIALLY
OWNED BY EACH -0- shares
REPORTING PERSON ---------- -------------------------------------------------
WITH 8 SHARED VOTING POWER
-1,939,119- shares*
---------- -------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0- shares
---------- -------------------------------------------------
10 SHARED DISPOSITIVE POWER
-1,939,119- shares*
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 1,939,119*
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES |_|
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 92.0%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
----------- --------------------------------------------------------------------
*Includes 1,075,192 shares contributed to Purchaser by the Continuing
Shareholders; 266,667 options to purchase common stock of Elmer's exercisable
within 60 days from February 3, 2005; and 599,503 Shares accepted by Purchaser
in the cash tender offer.
19
--------------------------------------------------------------------------------
CUSIP No. 289393
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Richard C. Williams
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
N/A
----------- --------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (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
United States of America
------------------- ---------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES BENEFICIALLY
OWNED BY EACH -0- shares
REPORTING PERSON ---------- -------------------------------------------------
WITH 8 SHARED VOTING POWER
-1,939,119- shares*
---------- -------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0- shares
---------- -------------------------------------------------
10 SHARED DISPOSITIVE POWER
-1,939,119- shares*
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 1,939,119*
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES |_|
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 92.0%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
----------- --------------------------------------------------------------------
*Includes 1,075,192 shares contributed to Purchaser by the Continuing
Shareholders; 266,667 options to purchase common stock of Elmer's exercisable
within 60 days from February 3, 2005; and 599,503 Shares accepted by Purchaser
in the cash tender offer.
20
--------------------------------------------------------------------------------
CUSIP No. 289393
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Dolly W. Woolley
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
N/A
----------- --------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (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
United States of America
------------------- ---------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES BENEFICIALLY
OWNED BY EACH -0- shares
REPORTING PERSON ---------- -------------------------------------------------
WITH 8 SHARED VOTING POWER
-1,939,119- shares*
---------- -------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0- shares
---------- -------------------------------------------------
10 SHARED DISPOSITIVE POWER
-1,939,119- shares*
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 1,939,119*
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES |_|
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 92.0%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
----------- --------------------------------------------------------------------
*Includes 1,075,192 shares contributed to Purchaser by the Continuing
Shareholders; 266,667 options to purchase common stock of Elmer's exercisable
within 60 days from February 3, 2005; and 599,503 Shares accepted by Purchaser
in the cash tender offer.
21
--------------------------------------------------------------------------------
CUSIP No. 289393
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Donald W. Woolley
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
N/A
----------- --------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (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
United States of America
------------------- ---------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES BENEFICIALLY
OWNED BY EACH -0- shares
REPORTING PERSON ---------- -------------------------------------------------
WITH 8 SHARED VOTING POWER
-1,939,119- shares*
---------- -------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0- shares
---------- -------------------------------------------------
10 SHARED DISPOSITIVE POWER
-1,939,119- shares*
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 1,939,119*
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES |_|
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 92.0%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
----------- --------------------------------------------------------------------
*Includes 1,075,192 shares contributed to Purchaser by the Continuing
Shareholders; 266,667 options to purchase common stock of Elmer's exercisable
within 60 days from February 3, 2005; and 599,503 Shares accepted by Purchaser
in the cash tender offer.
22
--------------------------------------------------------------------------------
CUSIP No. 289393
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Donna P. Woolley
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
N/A
----------- --------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (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
United States of America
------------------- ---------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES BENEFICIALLY
OWNED BY EACH -0- shares
REPORTING PERSON ---------- -------------------------------------------------
WITH 8 SHARED VOTING POWER
-1,939,119- shares*
---------- -------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0- shares
---------- -------------------------------------------------
10 SHARED DISPOSITIVE POWER
-1,939,119- shares*
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 1,939,119*
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES |_|
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 92.0%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
----------- --------------------------------------------------------------------
*Includes 1,075,192 shares contributed to Purchaser by the Continuing
Shareholders; 266,667 options to purchase common stock of Elmer's exercisable
within 60 days from February 3, 2005; and 599,503 Shares accepted by Purchaser
in the cash tender offer.
23
--------------------------------------------------------------------------------
CUSIP No. 289393
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
ERI Acquisition Corp.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
11-3740393
----------- --------------------------------------------------------------------
2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (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
Oregon
------------------- ---------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES BENEFICIALLY
OWNED BY EACH -0- shares
REPORTING PERSON ---------- -------------------------------------------------
WITH 8 SHARED VOTING POWER
-1,939,119- shares*
---------- -------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0- shares
---------- -------------------------------------------------
10 SHARED DISPOSITIVE POWER
-1,939,119- shares*
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 1,939,119*
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES |_|
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 92.0%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON CO
----------- --------------------------------------------------------------------
*Includes 1,075,192 shares contributed to Purchaser by the Continuing
Shareholders; 266,667 options to purchase common stock of Elmer's exercisable
within 60 days from February 3, 2005; and 599,503 Shares accepted by Purchaser
in the cash tender offer.
24
This Amendment No. 12 amends and /or supplements the Tender Offer Statement and
Rule 13e-3 Transaction Statement filed under cover of Schedule TO filed on
December 20, 2004 by ERI Acquisition Corp., a newly formed Oregon corporation
("Purchaser"), and the individuals listed thereon, as amended and/or
supplemented by Amendment No. 1 filed on January 11, 2005; as further amended
and/or supplemented by Amendment No. 2 filed on January 13, 2005; as further
amended and/or supplemented by Amendment No. 3 filed January 18, 2005; as
further amended and/or supplemented by Amendment No. 4 filed on January 19,
2005; as further amended and/or supplemented by Amendment No. 5 filed January
19, 2005; as further amended and/or supplemented by Amendment No. 6 filed
January 21, 2005; as further amended and/or supplemented by Amendment No. 7
filed February 3, 2005; as further amended and/or supplemented by Amendment No.
8 filed February 8, 2005; as further amended and/or supplemented by Amendment
No. 9 filed February 17, 2005; as further amended and/or supplemented by
Amendment No. 10 filed February 28, 2005; and as further amended and/or
supplemented by Amendment No. 11 filed March 4, 2005 (the original filing
together with all amendments and supplements, collectively, the "Schedule TO").
The Schedule TO relates to the offer by Purchaser to purchase all of the
outstanding shares of common stock, no par value per share (the "Shares"), of
Elmer's Restaurants, Inc., an Oregon corporation ("Elmer's"), not currently
owned by the Continuing Shareholders (as defined in the Offer to Purchase), at a
purchase price of $7.50 per Share, in cash, upon the terms and subject to the
conditions set forth in the Offer to Purchase dated December 20, 2004, as
amended January 18, 2005 and February 8, 2005 (the "Offer to Purchase") and in
the related Letter of Transmittal, as amended. The information and exhibits set
forth in the Offer to Purchase and in the related Letter of Transmittal is
incorporated herein by reference.
This Amendment also constitutes an amendment to the Schedule 13D filed on August
6, 2004, as amended by Amendment No. 1 filed on August 9, 2004; as amended and
restated by Amendment No. 2 filed November 19, 2004; as amended and restated by
Amendment No. 4 to the Schedule TO filed January 19, 2005, by Purchaser and the
Continuing Shareholders; and as amended and restated by Amendment No. 8 to the
Schedule TO filed February 8, 2005, by Purchaser and the Continuing
Shareholders.
--------------------------------------------------
ITEMS 1-11 AND 13.
The Schedule TO is hereby amended and supplemented by adding the following
disclosure, as appropriate, for Items 1-11 and 13 thereof:
The Offer expired at 5:00p.m. Eastern Standard Time on Thursday, March
10, 2005. Following the expiration of the Offer, we accepted for
purchase and payment all Shares validly tendered in the Offer. We were
informed of preliminary results by the depositary that 599,503 Shares
were validly tendered (and not properly withdrawn) as of the expiration
date of the Offer and intends to make prompt payment for such tendered
shares. The depositary for the Offer has preliminarily advised
Purchaser that approximately 599,503 shares were validly tendered (and
not properly withdrawn) in the Offer. These shares, together with
1,075,192 shares held by Purchaser, represent approximately 91% of the
outstanding common stock of the Company.
Purchaser will acquire the remaining ownership interest of the Company
not owned by Purchaser through a short-form merger pursuant to which
the Company's remaining shareholders (other than Purchaser and the
Company's shareholders properly exercising dissenters' rights) will be
entitled to receive $7.50 per share in cash, without interest.
Purchaser intends to complete the merger as soon as practicable. As a
result of the merger, the Company will be wholly owned by the
Continuing Shareholders.
ITEM 12. EXHIBITS.
(a)(1)(xxvi) Press Release announcing expiration of the Offer issued by
Purchaser dated March 11, 2005.
25
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: March 11, 2005 ERI ACQUISITION CORP.
By: /s/ BRUCE N. DAVIS
---------------------------------
Name: Bruce N. Davis
Title: President and CEO
/s/ LINDA ELLIS-BOLTON /s/ GERALD A. SCOTT
------------------------------------- --------------------------------------
Linda Ellis-Bolton Gerald A. Scott
/s/ KAREN K. BROOKS /s/ SHEILA J. SCHWARTZ
------------------------------------- --------------------------------------
Karen K. Brooks Sheila J. Schwartz
/s/ RICHARD P. BUCKLEY /s/ William W. Service
------------------------------------- --------------------------------------
Richard P. Buckley William W. Service
/s/ DAVID D. CONNOR /s/ DENNIS M. WALDRON
------------------------------------- --------------------------------------
David D. Connor Dennis M. Waldron
/s/ STEPHANIE M. CONNOR /s/ GARY N. WEEKS
------------------------------------- --------------------------------------
Stephanie M. Connor Gary N. Weeks
/s/ THOMAS C. CONNOR /s/ GREGORY W. WENDT
------------------------------------- --------------------------------------
Thomas C. Connor Gregory W. Wendt
/s/ BRUCE N. DAVIS /s/ RICHARD C. WILLIAMS
------------------------------------- --------------------------------------
Bruce N. Davis Richard C. Williams
/s/ CORYDON H. JENSEN, JR. /s/ DOLLY W. WOOLLEY
------------------------------------- --------------------------------------
Corydon H. Jensen, Jr. Dolly W. Woolley
/s/ DEBORAH A. WOOLLEY-LEE /s/ DONALD W. WOOLLEY
------------------------------------- --------------------------------------
Debra A. Woolley-Lee Donald W. Woolley
/s/ DOUGLAS A. LEE /s/ DONNA P. WOOLLEY
------------------------------------- --------------------------------------
Douglas A. Lee Donna P. Woolley
/s/ DAVID C. MANN
-------------------------------------
David C. Mann
26
EXHIBIT INDEX
EXHIBIT DESCRIPTION
(a)(1)(xxvi) Press Release announcing expiration of the Offer issued by
Purchaser dated March 11, 2005.
27