UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE TO
(Amendment No. 2)
TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
Seneca Foods Corporation
(Name of Subject Company (Issuer) and Filing Person (Offeror))
Class A Common Stock, par value $0.25 per share
(Title of Class of Securities)
817070501
(CUSIP Number of Class of Securities)
Timothy J. Benjamin
Chief Financial Officer
Seneca Foods Corporation
3736 South Main Street
Marion, NY 14505
(315) 926-8100
(Name, address, and telephone numbers of person authorized to receive notices and communications on behalf of filing persons)
with a copy to:
Michael C. Donlon, Esq.
Bond, Schoeneck & King, PLLC
200 Delaware Avenue, Suite 800
Buffalo, NY 14202
(716) 416-7000
CALCULATION OF FILING FEE
Transaction Valuation | Amount of Filing Fee (1) |
$75,000,000 | $8,182.50 |
(1) | The amount of the filing fee, calculated in accordance with Rule 0–11 under the Securities Exchange Act of 1934, as amended, equals $109.10 per million dollars of the value of the transaction. |
☒ | 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: $8,182.50 | Filing Party: Seneca Foods Corporation |
Form or Registration No.: Schedule TO | Date Filed: February 8, 2021 |
☐ | 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:
☐ third-party tender offer subject to Rule 14d-1.
☒ issuer tender offer subject to Rule 13e-4.
☐ going-private transaction subject to Rule 13e-3.
☐ 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: ☒
If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:
☐ Rule 13e-4(i) (Cross-Border Issuer Tender Offer)
☐ Rule 14d-1(d) (Cross-Border Third-Party Tender Offer)
AMENDMENT NO. 2 TO SCHEDULE TO
This Amendment No. 2 (“Amendment No. 2”) amends and supplements the Tender Offer Statement on Schedule TO originally filed by Seneca Foods Corporation, a New York corporation (“Seneca” or the “Company”) on February 8, 2021 as amended by Amendment No. 1 filed on February 8, 2021 (as amended, the “Schedule TO”) in connection with the Company’s offer to purchase up to $75 million in value of shares of its Class A common stock, par value $0.25 per share (the “Class A Shares”), at a price not greater than $46.00 nor less than $40.00 per Class A Share, to the seller in cash, less any applicable withholding taxes and without interest.
This Amendment is intended to satisfy the reporting requirements of Rule 13e-4(c)(4) under the Securities Exchange Act of 1934, as amended. Only those items amended and supplemented are reported in this Amendment No. 2. Except as specifically provided herein, the information contained in the Schedule TO remains unchanged, and this Amendment No.2 does not modify any of the other information previously reported on Schedule TO. You should read Amendment No. 2 together with the Schedule TO, the Offer to Purchase dated February 8, 2019 and the related Letter of Transmittal.
ITEM 11. Additional Information
Item 11 is hereby amended and supplemented as follows:
On March 10, 2020, Seneca issued a press release announcing the final results of the tender offer, which expired at 6:00 p.m., New York City time, on Tuesday, March 9, 2021. A copy of such press release is filed as Exhibit (a)(5)(xviii) to this Amendment No. 2 and is incorporated herein by reference.
ITEM 12. Exhibits.
Item 12 of the Schedule TO is hereby amended and supplemented by adding the following exhibits:
(a)(5)(xviii) |
EXHIBIT INDEX
Exhibit Number | Description | |
(a)(1)(i) | ||
(a)(1)(ii) | ||
(a)(1)(iii) | ||
(a)(1)(iv) | Letter to Brokers, Dealers, Banks, Trust Companies and Other Nominees.* | |
(a)(1)(v) | Letter to Clients for use by Brokers, Dealers, Banks, Trust Companies and Other Nominees.* | |
(a)(1)(vi) | Letter to Participants in the Seneca Foods Corporation Employees’ Savings Plan.* | |
(a)(1)(vii) | Trustee Direction Form for Participants in the Seneca Foods Corporation Employees’ Savings Plan.* | |
(a)(5)(i) | ||
(a)(5)(ii) | ||
(a)(5)(iii) | ||
(a)(5)(iv) | ||
(a)(5)(v) | ||
(a)(5)(vi) | ||
(a)(5)(vii) | ||
(a)(5)(viii) | ||
(a)(5)(ix) | ||
(a)(5)(x) | ||
(a)(5)(xi) | ||
(a)(5)(xii) | ||
(a)(5)(xiii) | ||
(a)(5)(xiv) | ||
(a)(5)(xv) | ||
(a)(5)(xvi) | ||
(a)(5)(xvii) | ||
(a)(5)(xviii) | ||
(b) | ||
(d)(i) |
* Previously filed.
** Filed herewith.
SIGNATURES
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.
Date: March 10, 2021 | SENECA FOODS CORPORATION By: /s/ Timothy J. Benjamin Name: Timothy J. Benjamin Title: Chief Financial Officer |