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OMB Number 3235-0145
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 6)*
Darling International Inc.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
237266101
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(CUSIP Number)
Edwin H. Morgens
600 Fifth Avenue, New York, NY 10020
(212) 218-4100
----------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
December 2, 2002
-----------------------------------------------------------------------------
(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: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not to be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
Page 1 of 27 Pages
Exhibit Index Appears on Page 26
SCHEDULE 13D
CUSIP No. 237266101 Page 2 of 27 Pages
-----------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Phoenix Partners
13-6272912
-----------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
-----------------------------------------------------------------------------
3) SEC USE ONLY
-----------------------------------------------------------------------------
4) SOURCE OF FUNDS*
WC
-----------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
-----------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
New York State
-----------------------------------------------------------------------------
NUMBER 7) SOLE VOTING POWER
OF 160,574 - See Response to Item 5
SHARES _____________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY -0-
EACH _____________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 160,574 - See Response to Item 5
WITH _____________________________________________________
10) SHARED DISPOSITIVE POWER
-0-
-----------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
160,574
-----------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
-----------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN
-----------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
CUSIP No. 237266101 Page 3 of 27 Pages
-----------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Betje Partners
13-3118883
-----------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
-----------------------------------------------------------------------------
3) SEC USE ONLY
-----------------------------------------------------------------------------
4) SOURCE OF FUNDS*
WC
-----------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
-----------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
New York State
-----------------------------------------------------------------------------
NUMBER 7) SOLE VOTING POWER
OF 2,278 - See Response to Item 5
SHARES _____________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY -0-
EACH _____________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 2,278 - See Response to Item 5
WITH _____________________________________________________
10) SHARED DISPOSITIVE POWER
-0-
-----------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,278
-----------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
-----------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN
-----------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
CUSIP No. 237266101 Page 4 of 27 Pages
-----------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Morgens Waterfall Income Partners
13-2829306
-----------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
-----------------------------------------------------------------------------
3) SEC USE ONLY
-----------------------------------------------------------------------------
4) SOURCE OF FUNDS*
WC
-----------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
-----------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
New York State
-----------------------------------------------------------------------------
NUMBER 7) SOLE VOTING POWER
OF 233,187 - See Response to Item 5
SHARES _____________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY -0-
EACH _____________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 233,187 - See Response to Item 5
WITH _____________________________________________________
10) SHARED DISPOSITIVE POWER
-0-
-----------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
233,187
-----------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4%
-----------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
CO
-----------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
CUSIP No. 237266101 Page 5 of 27 Pages
-----------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Restart Partners, L.P.
13-3502415
-----------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
-----------------------------------------------------------------------------
3) SEC USE ONLY
-----------------------------------------------------------------------------
4) SOURCE OF FUNDS*
WC
-----------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
-----------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------------------
NUMBER 7) SOLE VOTING POWER
OF 884,193 - See Response to Item 5
SHARES _____________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY -0-
EACH _____________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 884,193 - See Response to Item 5
WITH _____________________________________________________
10) SHARED DISPOSITIVE POWER
-0-
-----------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
884,193
-----------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.4%
-----------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN
-----------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
CUSIP No. 237266101 Page 6 of 27 Pages
-----------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Restart Partners II, L.P.
13-3553296
-----------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
-----------------------------------------------------------------------------
3) SEC USE ONLY
-----------------------------------------------------------------------------
4) SOURCE OF FUNDS*
WC
-----------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
-----------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------------------
NUMBER 7) SOLE VOTING POWER
OF 1,746,980 - See Response to Item 5
SHARES _____________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY -0-
EACH ____________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 1,746,980 - See Response to Item 5
WITH ____________________________________________________
10) SHARED DISPOSITIVE POWER
-0-
-----------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,746,980
-----------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.8%
-----------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN
-----------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 237266101 Page 7 of 27 Pages
-----------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Restart Partners III, L.P.
13-3618702
-----------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
-----------------------------------------------------------------------------
3) SEC USE ONLY
-----------------------------------------------------------------------------
4) SOURCE OF FUNDS*
WC
-----------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
-----------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------------------
NUMBER 7) SOLE VOTING POWER
OF 1,445,937 - See Response to Item 5
SHARES _____________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY -0-
EACH ____________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 1,445,937 - See Response to Item 5
WITH ____________________________________________________
10) SHARED DISPOSITIVE POWER
-0-
-----------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,445,937
-----------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.3%
-----------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN
-----------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 237266101 Page 8 of 27 Pages
-----------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Restart Partners IV, L.P.
13-3687058
-----------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
-----------------------------------------------------------------------------
3) SEC USE ONLY
-----------------------------------------------------------------------------
4) SOURCE OF FUNDS*
WC
-----------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
-----------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------------------
NUMBER 7) SOLE VOTING POWER
OF 900,369 - See Response to Item 5
SHARES _________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY -0-
EACH _________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 900,369 - See Response to Item 5
WITH ________________________________________________
10) SHARED DISPOSITIVE POWER
-0-
-----------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
900,369
-----------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.5%
-----------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN
-----------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 237266101 Page 9 of 27 Pages
-----------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Restart Partners V, L.P.
13-3812417
-----------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
-----------------------------------------------------------------------------
3) SEC USE ONLY
-----------------------------------------------------------------------------
4) SOURCE OF FUNDS*
WC
-----------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
-----------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------------------
NUMBER 7) SOLE VOTING POWER
OF 150,000 - See Response to Item 5
SHARES ___________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY -0-
EACH ___________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 150,000 - See Response to Item 5
WITH ___________________________________________________
10) SHARED DISPOSITIVE POWER
-0-
-----------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
150,000
-----------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
-----------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN
-----------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 237266101 Page 10 of 27 Pages
-----------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Common Fund for Non-Profit Organizations
13-7037968
-----------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
-----------------------------------------------------------------------------
3) SEC USE ONLY
-----------------------------------------------------------------------------
4) SOURCE OF FUNDS*
WC
-----------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
-----------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
New York State
-----------------------------------------------------------------------------
NUMBER 7) SOLE VOTING POWER
OF 1,266,775 - See Response to Item 5
SHARES __________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY -0-
EACH ___________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 1,266,775 - See Response to Item 5
WITH ____________________________________________________
10) SHARED DISPOSITIVE POWER
-0-
-----------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,266,775
-----------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.0%
-----------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN
-----------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 237266101 Page 11 of 27 Pages
-----------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MWV Employee Retirement Plan Group Trust
13-3845507
-----------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
-----------------------------------------------------------------------------
3) SEC USE ONLY
-----------------------------------------------------------------------------
4) SOURCE OF FUNDS*
WC
-----------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
-----------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
New York State
-----------------------------------------------------------------------------
NUMBER 7) SOLE VOTING POWER
OF 1,648 - See Response to Item 5
SHARES ________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY -0-
EACH ________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 1,648 - See Response to Item 5
WITH ________________________________________________
10) SHARED DISPOSITIVE POWER
-0-
-----------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,648
-----------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
-----------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
EP
-----------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 237266101 Page 12 of 27 Pages
-----------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Phaeton International (BVI) Ltd.
None
-----------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
-----------------------------------------------------------------------------
3) SEC USE ONLY
-----------------------------------------------------------------------------
4) SOURCE OF FUNDS*
AF
-----------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
-----------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda
-----------------------------------------------------------------------------
NUMBER 7) SOLE VOTING POWER
OF 109,932 - See Response to Item 5
SHARES _____________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY -0-
EACH ____________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 109,932 - See Response to Item 5
WITH ____________________________________________________
10) SHARED DISPOSITIVE POWER
-0-
-----------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
109,932
-----------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
-----------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
CO
-----------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 237266101 Page 13 of 27 Pages
-----------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Morgens, Waterfall, Vintiadis & Company, Inc.
13-2674766
-----------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
-----------------------------------------------------------------------------
3) SEC USE ONLY
-----------------------------------------------------------------------------
4) SOURCE OF FUNDS*
AF
-----------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
-----------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
New York State
-----------------------------------------------------------------------------
NUMBER 7) SOLE VOTING POWER
OF 1,378,985 - See Response to Item 5
SHARES _____________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY -0-
EACH ____________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 1,378,985 - See Response to Item 5
WITH ____________________________________________________
10) SHARED DISPOSITIVE POWER
-0-
-----------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,378,985
-----------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.2%
-----------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
CO
-----------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 237266101 Page 14 of 27 Pages
-----------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Edwin H. Morgens
284-36-2384
-----------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
-----------------------------------------------------------------------------
3) SEC USE ONLY
-----------------------------------------------------------------------------
4) SOURCE OF FUNDS*
AF
-----------------------------------------------------------------------------
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
-----------------------------------------------------------------------------
NUMBER 7) SOLE VOTING POWER
OF 6,901,873 - See Response to Item 5
SHARES _____________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY -0-
EACH ____________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 6,901,873 - See Response to Item 5
WITH ____________________________________________________
10) SHARED DISPOSITIVE POWER
-0-
-----------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,901,873
-----------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.1%
-----------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
-----------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 237266101 Page 15 of 27 Pages
-----------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John C. Waterfall
058-30-4494
-----------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
-----------------------------------------------------------------------------
3) SEC USE ONLY
-----------------------------------------------------------------------------
4) SOURCE OF FUNDS*
AF
-----------------------------------------------------------------------------
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
-----------------------------------------------------------------------------
NUMBER 7) SOLE VOTING POWER
OF 6,901,873 - See Response to Item 5
SHARES _____________________________________________________
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY -0-
EACH ____________________________________________________
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 6,901,873 - See Response to Item 5
WITH ____________________________________________________
10) SHARED DISPOSITIVE POWER
-0-
-----------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,901,873
-----------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.1%
-----------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
-----------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Darling International Inc. Page 16 of 27 Pages
Schedule 13D January 3, 2003
Item 1. Security and Issuer.
------- --------------------
This Amendment No. 6 ("Amendment") amends the statement on Schedule
13D filed by the Reporting Persons (as defined below), with the Commission on
September 8, 1994, as amended by Amendment No. 1 filed with the Commission on
November 10, 1994, by Amendment No. 2 filed with the Commission on December 7,
1994, by Amendment No. 3 filed with the Commission on March 20, 1995, by
Amendment No. 4 filed with the Commission on April 10, 1995 and by Amendment No.
5 filed with the Commission on September 18, 1996 (collectively, the
"Statements") with respect to shares of common stock, par value $.01 per share
("Common Stock") and options to purchase the Common Stock ("Options"), of
Darling International Inc. (the "Issuer"). The principal executive offices of
the Issuer are located at 251 O'Connor Ridge Blvd., Suite 300, Irving, Texas
75038. This Amendment supplements and, to the extent inconsistent therewith,
amends the information set forth in the Statements.
Item 2. Identity and Background.
------- ------------------------
This Amendment is filed jointly by (a) Phoenix Partners ("Phoenix"),
(b) Betje Partners ("Betje"), (c) Phaeton International (BVI) Ltd. ("Phaeton"),
(d) Morgens Waterfall Income Partners ("MWIP"), (e) Morgens, Waterfall,
Vintiadis & Company, Inc. ("Morgens Waterfall"), (f) Restart Partners L.P.
("Restart"), (g) Restart Partners II, L.P. ("Restart II"), (h) Restart Partners
III, L.P. ("Restart III"), (i) Restart Partners IV, L.P. ("Restart IV"), (j)
Restart Partners V, L.P. ("Restart V"), (k) MWV Employee Retirement Plan Group
Trust ("MWV Plan"), (l) The Common Fund for Non-Profit Organizations (the
"Common Fund"), (m) Edwin H. Morgens ("Morgens") and (n) John C. Waterfall
("Waterfall" and together with the persons listed in paragraphs (a) through (m),
the "Reporting Persons").
Morgens Waterfall Vintiadis Investments N.V. which was one of the
Reporting Persons listed in Amendment No. 5, was dissolved in February 1997.
Darling International Inc. Page 17 of 27 Pages
Schedule 13D January 3, 2003
Phaeton has the following Board of Directors:
Name Address
---- -------
Halvor Astrup Fearnley Group A/S
35-38 Portman Square
London W1HOEU, England
Dr. M. Colyer Crum Harvard Business
School Cambridge,
Massachusetts
Bassam Aburdene Capital Trust Ltd.
49 Mount Street
London WIY5RE, England
Fred Arthur Rank Packard Center 45
45 London Wall
London EC2, England
Mr. Astrup, a citizen of Norway, is Vice Chairman of Fearnley
Group and Chairman of Fearnley Finance Ltd., companies principally engaged in
project development in the international shipping industry.
Dr. Crum, a U.S. citizen, is a professor at the Harvard
Business School, where he holds the James R. Williston Chair of Investment
Management.
Mr. Aburdene, a U.S. citizen, is a Managing Partner of Capital
Trust Limited, a London-based financial services company which is jointly owned
by United States and Middle Eastern institutions and investors.
Mr. Packard, a British citizen, is a partner of Banco de
Investimentos Garantia, a leading Brazilian investment bank.
Phoenix, MWIP and Betje are New York limited partnerships
having their principal address at 600 Fifth Avenue, New York,
Darling International Inc. Page 18 of 27 Pages
Schedule 13D January 3, 2003
New York 10020. The principal business of Phoenix, MWIP and Betje is to invest
in securities of United States issuers. Morgens and Waterfall are (i) the
general partners of MWIP and (ii) the managing members of MW Management LLC,
which is the general partner of Phoenix. All of the information concerning
Morgens and Waterfall is set forth below.
Restart, Restart II, Restart III, Restart IV and Restart V are
Delaware limited partnerships having their principal address at 600 Fifth Avenue
Street, New York, New York 10020. The principal business of Restart, Restart II,
Restart III, Restart IV and Restart V is to invest in securities of financially
troubled companies.
The general partner of Restart is Prime Group, L.P. ("Prime Group"), a
Delaware limited partnership, having its principal address at 600 Fifth Avenue,
New York, New York 10020. The principal business of Prime Group is to act as the
general partner of Restart. The general partner of Prime Group is Prime, Inc., a
Delaware corporation ("Prime"), having its principal office at 600 Fifth Avenue,
New York, New York 10020. The principal business of Prime is to act as general
partner of Prime Group, Prime II, Prime III, Prime IV and Prime V (as discussed
below). Morgens is the Chairman of the Board of Directors and the Secretary of
Prime. Waterfall is the President of Prime and is also a Director. All of the
information concerning Morgens and Waterfall is set forth below.
The general partner of Restart II is Prime Group II, L.P. ("Prime
II"), a Delaware limited partnership, having its principal address at 600 Fifth
Avenue, New York, New York 10020. The principal business of Prime II is to act
as the general partner of Restart II. The general partner of Prime II is Prime.
All of the information concerning Prime is set forth above.
The general partner of Restart III is Prime Group III, L.P.
("Prime III"), a Delaware limited partnership, having its principal address at
600 Fifth Avenue, New York, New York 10020. The principal business of Prime
III is to act as the general partner of Restart III. The general partner of
Prime III is Prime. All of the information concerning Prime is set forth above.
The general partner of Restart IV is Prime Group IV, L.P. ("Prime
IV"), a Delaware limited partnership, having its principal
Darling International Inc. Page 19 of 27 Pages
Schedule 13D January 3, 2003
address at 600 Fifth Avenue, New York, New York 10020. The principal business
of Prime IV is to act as the general partner of Restart IV. The general partner
of Prime IV is Prime. All of the information concerning Prime is set forth
above.
The general partner of Restart V is Prime Group V, L.P.
("Prime V"), a Delaware limited partnership, having its principal address at 600
Fifth Avenue, New York, New York 10020. The principal business of Prime V is
to act as the general partner of Restart V. The general partner of Prime V is
Prime. All of the information concerning Prime is set forth above.
MWV Plan is a trust established in 1994 for the benefit of the
employees of Morgens Waterfall. The trustees of MWV Plan are Waterfall,
Morgens, Linda Venturella, Joann McNiff and John Raphael, all
of whom are employees of Morgens Waterfall. MWV Plan's principal address is 600
Fifth Avenue, New York, New York 10020.
Morgens Waterfall is a New York corporation having its principal
address at 600 Fifth Avenue, New York, New York 10020. The business of Morgens
Waterfall is rendering of financial services and as such it provides
discretionary investment advisory services pursuant to contracts with MWV and
Betje. In addition, Morgens Waterfall provides discretionary investment advisory
services to the Common Fund and in that capacity has been granted investment
authority over the Common Fund to vote securities registered in the name of the
Common Fund. Under the rules promulgated by the Securities and Exchange
Commission, Morgens Waterfall and its principals may be considered "beneficial
owners" of securities acquired by MWV, Betje and the Common Fund as a result of
its advisory relationship to MWV, Betje and the Common Fund.
Morgens is the Chairman of the Board of Directors and the Secretary of
Morgens Waterfall. Waterfall is the President and Assistant Secretary of Morgens
Waterfall and is also a Director. Morgens Waterfall has no other officers and
directors. The primary occupations of Morgens and Waterfall are to act as the
principals in the business of Morgens Waterfall. The business address of Morgens
and Waterfall, each of whom is a United States citizen, is at the office of
Morgens Waterfall at 600 Fifth Avenue, New York, New York 10020. As of May 10,
2002 Waterfall resigned his position as a Director of the Issuer (as reflected
in the Issuer's Form S-1 filed 5/23/02).
During the past five years, none of the persons described in
this Item 2 have been convicted in a criminal proceeding. None of such persons
is, and during the past five years none has been, subject to a judgment, decree
or final order enjoining future violations of, or prohibiting or mandating
Darling International Inc. Page 20 of 27 Pages
Schedule 13D January 3, 2003
activities subject to, federal or state securities laws, or finding any
violations with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
------- --------------------------------------------------
The Common Stock held by the Reporting Persons was purchased with
working capital, and no part of the purchase price was represented by funds or
other consideration specially borrowed or otherwise specifically obtained for
the purpose of acquiring, holding, trading or voting the securities.
Item 4. Purpose of Transaction.
------- -----------------------
The Common Stock was acquired by the Reporting Persons in the ordinary
course of business, solely as an investment. At present, the Reporting Persons
(i) have no plans or proposals that relate to or would result in any of the
actions enumerated in Item 4 of Schedule 13D and (ii) are relying on the
Issuer's board of directors and management to develop a strategy to enhance the
value of shareholder investment in the Issuer. The Reporting Persons reserve the
right to buy additional securities of the Issuer or sell securities of the
Issuer from time to time.
Item 5. Interest in Securities of the Issuer.
------- -------------------------------------
(a) and (b) The following is the amount of Common Stock, and Options
that are beneficially owned by each Reporting Person:
Darling International Inc. Page 21 of 27 Pages
Schedule 13D January 3, 2003
Percentage
Name # of Shares # of Options Total of Class
---- ----------- ------------ ----- ---------
Phaeton 105,400 4,532 109,932 0.2
Betje 0 2,278 2,278 0.0
MWIP 226,307 6,880 233,187 0.4
Phoenix 154,200 6,374 160,574 0.3
Restart 858,097 26,096 884,193 1.4
Restart II 1,695,419 51,561 1,746,980 2.8
Restart III 1,403,265 42,672 1,445,937 2.3
Restart IV 873,798 26,571 900,369 1.5
Restart V 150,000 0 150,000 0.2
Common Fund 1,229,387 37,388 1,266,775 2.0
MWV Plan 0 1,648 1,648 0.0
---- ----------- ------------ --------- ---------
Total 6,695,873 206,000 6,901,873 11.1
Morgens Waterfall does not directly own any of the Common Stock or
Options. Morgens Waterfall may be deemed to indirectly beneficially own
1,378,985 shares of Common Stock, assuming exercise of the Options, by virtue of
contracts with Phaeton (109,932 shares), Common Fund (1,266,775 shares) and
Betje (2,278 shares) pursuant to which Morgens Waterfall provides discretionary
investment advisory services.
Waterfall does not directly own any of the Common Stock or Options.
Waterfall may be deemed to indirectly beneficially own 6,901,873 shares of
Common Stock, assuming exercise of the Options, by virtue of his positions as
general partner of Phoenix (160,574 shares) and MWIP (233,187 shares); as
President, Assistant Secretary and a Director of Morgens Waterfall (1,378,985
shares); as President and a Director of Prime, as general partner of each of
Prime Group, Prime II, Prime III, Prime IV and Prime V, as general partners of
Restart (884,193 shares), Restart II (1,746,980 shares), Restart III (1,445,937
shares), Restart IV (900,369 shares) and Restart V (150,000 shares)
respectively; and as trustee of MWV Plan (1,648 shares).
Morgens does not directly own any of the Common Stock or Options.
Morgens may be deemed to indirectly beneficially own 6,901,873 shares of Common
Stock, assuming exercise of the Options,
Darling International Inc. Page 22 of 27 Pages
Schedule 13D January 3, 2003
by virtue of his positions as general partner of Phoenix (160,574 shares) and
MWIP (233,187 shares); as Chairman of the Board of Directors and Secretary of
Morgens Waterfall (1,378,985 shares); as Chairman of the Board of Directors and
Secretary of Prime, as general partner of each of Prime Group, Prime II, Prime
III, Prime IV and Prime V, as general partners of Restart (884,193 shares),
Restart II (1,746,980 shares), Restart III (1,445,937 shares), Restart IV
(900,369 shares) and Restart V (150,000 shares), respectively; and as trustee of
MWV Plan (1,648 shares).
Each Reporting Person hereby disclaims that it has any
beneficial interest in the securities owned, directly or indirectly, by any
other entity.
(c) The following is a list of all transactions involving the
Common Stock and Options during the past 60 days by any of the Reporting
Persons:
Common Stock
Name Date sold/purchased Price/Share
---- ---- -------------- -----------
Betje 12/02/02 88,874 sold $1.20
Phaeton 12/10/02 6,400 sold 1.71
Phaeton 12/11/02 2,000 sold 1.65
Phaeton 12/16/02 7,900 sold 1.60
Phaeton 12/18/02 8,100 sold 1.61
Phaeton 12/19/02 15,600 sold 1.61
Phaeton 12/20/02 11,200 sold 1.62
Phaeton 12/23/02 400 sold 1.65
Phaeton 12/24/02 2,917 sold 1.65
Phaeton 12/26/02 1,500 sold 1.65
Phaeton 12/30/02 12,000 sold 1.76
Phaeton 12/31/02 4,400 sold 1.80
Phoenix 12/10/02 4,000 sold 1.71
Phoenix 12/11/02 3,000 sold 1.65
Phoenix 12/16/02 11,500 sold 1.60
Phoenix 12/18/02 11,900 sold 1.61
Phoenix 12/19/02 22,900 sold 1.61
Phoenix 12/20/02 16,283 sold 1.62
Phoenix 12/23/02 600 sold 1.65
Phoenix 12/24/02 4,283 sold 1.65
Phoenix 12/26/02 1,900 sold 1.65
Phoenix 12/30/02 17,600 sold 1.76
Phoenix 12/31/02 6,400 sold 1.80
MWV Plan 12/02/02 94,971 sold 1.20
(d) Except as set forth above, no other person is known to
have the right to receive or the power to direct the receipt of dividends from,
or the proceeds from the sale of, the Common Stock or Options.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships
------- with Respect to the Securities of the Issuer.
--------------------------------------------------------
Darling International Inc. Page 23 of 27 Pages
Schedule 13D January 3, 2003
Except to the extent described in Items 2 and 5, none of the
persons identified in Item 2 is a party to any contract, arrangement,
understanding or relationship with respect to any securities of the Issuer.
Item 7. Material to be Filed as Exhibits.
------- ---------------------------------
EXHIBIT A Power of Attorney, dated December 15, 1993 granted to
Messrs. Morgens and Waterfall by the following parties:
Mr. John C. Waterfall; Phoenix Partners; Morgens
Waterfall Income Partners; Betje Partners; Phaeton
International (BVI) Ltd.; Morgens, Waterfall, Vintiadis
Investments N.V.; The Common Fund for Non-Profit
Darling International Inc. Page 24 of 27 Pages
Schedule 13D January 3, 2003
Organizations; Morgens Waterfall Vintiadis & Company, Inc.;
Restart Partners, L.P.; Restart Partners II, L.P.; Restart
Partners III, L.P.; Restart Partners IV, L.P.; Morgens
Waterfall, Vintiadis & Co., Inc. Employees' Profit Sharing
Plan; and Mr. Edwin H. Morgens, for the specific purpose of
executing on their behalf any Schedule 13Ds and amendments
thereto for filing with the Securities and Exchange
Commission pursuant to the requirements of Rule 13d-1(f)
(incorporated by reference to Exhibit A of Amendment No. 2
to Schedule 13D filed on December 22, 1993 by Phoenix
Partners; Betje Partners; Phaeton International (BVI) Ltd.;
Morgens, Waterfall, Vintiadis Investments N.V.; Morgens
Waterfall Vintiadis & Company, Inc.; Edwin H. Morgens; and
John C. Waterfall with respect to the common stock, par value
$.01 per share, of Sudbury, Inc.).
EXHIBIT B Power of Attorney, dated September 18, 1996 granted to Messrs.
Morgens and Waterfall by Restart V, L.P.
Darling International Inc. Page 25 of 27 Pages
Schedule 13D January 3, 2003
SIGNATURES
After reasonable inquiry and to the best knowledge and belief
of each person or entity set forth below, each such person or entity certifies
that the information set forth in this statement is true, complete and correct
and agrees that this statement is filed on behalf of each of them.
Dated: January 3, 2003 The Reporting Persons listed herein
By: /s/ John C. Waterfall
--------------------------------
John C. Waterfall, as attorney-in-fact
of the Reporting Persons
Darling International Inc. Page 26 of 27 Pages
Schedule 13D January 3, 2003
EXHIBIT INDEX
Page No.
--------
Exhibit A Power of Attorney Incorporated by
Reference
Exhibit B Power of Attorney 27
Darling International Inc. Page 27 of 27 Pages
Schedule 13D January 3, 2003
POWER OF ATTORNEY
The undersigned hereby agrees to appoint Edwin H. Morgens and
Bruce Waterfall each with full power of substitution, as its attorney-in-fact
for the specific purpose of executing on its behalf any Schedule 13Ds and
amendments thereto for filing with the Securities and Exchange Commission
pursuant to the requirements of Rule 13d-1(f).
IN WITNESS WHEREOF, the undersigned has caused this Power of
Attorney to be duly executed as of September 18, 1996.
RESTART PARTNERS V, L.P.
BY: PRIME GROUP V, L.P.,
as general partner
BY: PRIME, INC.,
as general partner
By: /s/ Bruce Waterfall
-----------------------------------
Bruce Waterfall, as agent