UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(AMENDMENT NO. 1)
Under the Securities Exchange Act of 1934
Peak International Limited
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
G69586108
--------------------------------------------------------
(CUSIP Number)
WS Capital, L.L.C.
300 Crescent Court, Suite 880
Dallas, Texas 75201
(214) 756-6073
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
October 17, 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 that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), (f) or (g), check the following box.
[ ]
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7(b) 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 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).
Please Send Copies of Notices and Communications to:
Taylor H. Wilson, Esq.
Haynes and Boone, LLP
901 Main Street, Suite 3100
Dallas, Texas 75202
(214) 651-5615
SCHEDULE 13D
------------------- ------------
CUSIP No. G69586108 Page 2 of 18
------------------- ------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WS Capital, L.L.C.
--------------------------------------------------------------------------------
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) [ ]
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 804,700
SHARES
-----------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
-----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
804,700
PERSON -----------------------------------------------------
WITH: 10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
804,700
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
N/A
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.7% (1)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC
--------------------------------------------------------------------------------
(1) Based on a total of 12,090,634 shares of Common Stock outstanding on August
6, 2003, as disclosed in the Issuer's Quarterly Report on Form 10-Q for the
quarterly period ended June 30, 2003.
------------------- ------------
CUSIP No. G69586108 Page 3 of 18
------------------- ------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WS Capital Management, L.P.
--------------------------------------------------------------------------------
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) [ ]
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 804,700
SHARES
-----------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
-----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
804,700
PERSON -----------------------------------------------------
WITH: 10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
804,700
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
N/A
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.7% (1)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IA
--------------------------------------------------------------------------------
(1) Based on a total of 12,090,634 shares of Common Stock outstanding on August
6, 2003, as disclosed in the Issuer's Quarterly Report on Form 10-Q for the
quarterly period ended June 30, 2003.
------------------- ------------
CUSIP No. G69586108 Page 4 of 18
------------------- ------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Walker Smith Capital Master Fund
--------------------------------------------------------------------------------
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) [ ]
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 384,700
SHARES
-----------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
-----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
384,700
PERSON -----------------------------------------------------
WITH: 10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
384,700
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
N/A
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.2% (1)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
(1) Based on a total of 12,090,634 shares of Common Stock outstanding on August
6, 2003, as disclosed in the Issuer's Quarterly Report on Form 10-Q for the
quarterly period ended June 30, 2003.
------------------- ------------
CUSIP No. G69586108 Page 5 of 18
------------------- ------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Walker Smith International Fund, Ltd.
--------------------------------------------------------------------------------
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) [ ]
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 420,000
SHARES
-----------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
-----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
420,000
PERSON -----------------------------------------------------
WITH: 10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
420,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
N/A
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.5% (1)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
(1) Based on a total of 12,090,634 shares of Common Stock outstanding on August
6, 2003, as disclosed in the Issuer's Quarterly Report on Form 10-Q for the
quarterly period ended June 30, 2003.
------------------- ------------
CUSIP No. G69586108 Page 6 of 18
------------------- ------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WSV Management, L.L.C.
--------------------------------------------------------------------------------
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) [ ]
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 489,300
SHARES
-----------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
-----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
489,300
PERSON -----------------------------------------------------
WITH: 10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
489,300
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
N/A
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.0% (1)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IA
--------------------------------------------------------------------------------
(1) Based on a total of 12,090,634 shares of Common Stock outstanding on August
6, 2003, as disclosed in the Issuer's Quarterly Report on Form 10-Q for the
quarterly period ended June 30, 2003.
------------------- ------------
CUSIP No. G69586108 Page 7 of 18
------------------- ------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WS Ventures Management, L.P.
--------------------------------------------------------------------------------
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) [ ]
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 489,300
SHARES
-----------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
-----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
489,300
PERSON -----------------------------------------------------
WITH: 10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
489,300
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
N/A
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.0% (1)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC
--------------------------------------------------------------------------------
(1) Based on a total of 12,090,634 shares of Common Stock outstanding on August
6, 2003, as disclosed in the Issuer's Quarterly Report on Form 10-Q for the
quarterly period ended June 30, 2003.
------------------- ------------
CUSIP No. G69586108 Page 8 of 18
------------------- ------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WS Opportunity Master Fund
--------------------------------------------------------------------------------
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) [ ]
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 340,400
SHARES
-----------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
-----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
340,400
PERSON -----------------------------------------------------
WITH: 10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
340,400
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
N/A
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.8% (1)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
(1) Based on a total of 12,090,634 shares of Common Stock outstanding on August
6, 2003, as disclosed in the Issuer's Quarterly Report on Form 10-Q for the
quarterly period ended June 30, 2003.
------------------- ------------
CUSIP No. G69586108 Page 9 of 18
------------------- ------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WS Opportunity Fund International, Ltd.
--------------------------------------------------------------------------------
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) [ ]
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 148,900
SHARES
-----------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
-----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
148,900
PERSON -----------------------------------------------------
WITH: 10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
148,900
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
N/A
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.2% (1)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
(1) Based on a total of 12,090,634 shares of Common Stock outstanding on August
6, 2003, as disclosed in the Issuer's Quarterly Report on Form 10-Q for the
quarterly period ended June 30, 2003.
------------------- -------------
CUSIP No. G69586108 Page 10 of 18
------------------- -------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Reid S. Walker
--------------------------------------------------------------------------------
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) [ ]
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 1,294,000
SHARES
-----------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
-----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
1,294,000
PERSON -----------------------------------------------------
WITH: 10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,294,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
N/A
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.7% (1)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC
--------------------------------------------------------------------------------
(1) Based on a total of 12,090,634 shares of Common Stock outstanding on August
6, 2003, as disclosed in the Issuer's Quarterly Report on Form 10-Q for the
quarterly period ended June 30, 2003.
------------------- -------------
CUSIP No. G69586108 Page 11 of 18
------------------- -------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Patrick P. Walker
--------------------------------------------------------------------------------
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) [ ]
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 492,000
SHARES
-----------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
-----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
492,000
PERSON -----------------------------------------------------
WITH: 10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
492,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
N/A
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.1% (1)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC,OO
--------------------------------------------------------------------------------
(1) Based on a total of 12,090,634 shares of Common Stock outstanding on August
6, 2003, as disclosed in the Issuer's Quarterly Report on Form 10-Q for the
quarterly period ended June 30, 2003.
------------------- -------------
CUSIP No. G69586108 Page 12 of 18
------------------- -------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
G. Stacy Smith
--------------------------------------------------------------------------------
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) [ ]
N/A
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 1,294,000
SHARES
-----------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
-----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
1,294,000
PERSON -----------------------------------------------------
WITH: 10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,294,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
N/A
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.7% (1)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC
--------------------------------------------------------------------------------
(1) Based on a total of 12,090,634 shares of Common Stock outstanding on August
6, 2003, as disclosed in the Issuer's Quarterly Report on Form 10-Q for the
quarterly period ended June 30, 2003.
This Amendment No. 1 to Schedule 13D (this "Amendment") relates to the
common stock, par value $0.01 per share ("Common Stock"), of Peak International
Limited, a Bermuda corporation (the "Issuer"), and amends the Schedule 13D filed
with the Securities and Exchange Commission on October 25, 2002. This Amendment
is being filed on behalf of (i) Reid S. Walker and G. Stacy Smith, principals of
WS Capital, L.L.C., a Texas limited liability company ("WS Capital"), and WSV
Management, L.L.C., a Texas limited liability company ("WSV"), (ii) Patrick P.
Walker, a principal of WSV, (iii) WS Capital, (iv) WSV, (v) WS Capital
Management, L.P., a Texas limited partnership ("WS Capital Management"), (vi) WS
Ventures Management, L.P., a Texas limited partnership ("WSVM"), (vii) Walker
Smith Capital Master Fund, a Texas general partnership ("Walker Smith Capital"),
(viii) Walker Smith International Fund, Ltd., a British Virgin Islands exempted
company ("Walker Smith International"), (ix) WS Opportunity Master Fund, a Texas
general partnership ("WS Opportunity"), and (x) WS Opportunity Fund
International, Ltd., a Cayman Islands exempted company ("WS Opportunity
International").
This Amendment relates to the shares of Common Stock of the Issuer
purchased by (i) WS Capital for the account of (1) Walker Smith Capital, a
general partnership of which Walker Smith Capital, L.P. and Walker Smith Capital
(QP), L.P., each a Texas limited partnership, are the partners, and (2) Walker
Smith International, (ii) WSV for the account of (1) WS Opportunity, a general
partnership of which WS Opportunity Fund, L.P. and WS Opportunity Fund (QP),
L.P., each a Texas limited partnership, are the partners, and (2) WS Opportunity
International, and (iii) Patrick P. Walker as trustee for (1) Walker Children
Irrevocable Education Trust and (2) Walker Irrevocable Trust. WS Capital is the
general partner of WS Capital Management. WS Capital Management is the
investment manager and agent and attorney-in-fact for Walker Smith Capital and
Walker Smith International. WSV is the general partner of WSVM. WSVM is the
investment manager and agent and attorney-in-fact for WS Opportunity and WS
Opportunity International.
Each of the reporting persons hereby expressly disclaims membership in
a "group" under Section 13(d) of the Securities Exchange Act of 1934 with
respect to the shares of Common Stock of the Issuer reported herein, and this
Amendment shall not be deemed to be an admission that any such reporting person
is a member of such a group. Unless set forth below, all previous Items are
unchanged.
ITEM 2. IDENTITY AND BACKGROUND.
Item 2 is hereby amended and restated in its entirety as follows:
"(a) This statement is filed by: WS Capital, WS Capital Management,
Walker Smith Capital, Walker Smith International, WSV, WSVM, WS Opportunity, WS
Opportunity International, Reid S. Walker, Patrick P. Walker and G. Stacy Smith.
(b) The business address of WS Capital, WS Capital Management, Walker
Smith Capital, Walker Smith International, WSV, WSVM, WS Opportunity, WS
Opportunity International, Reid S. Walker, Patrick P. Walker and G. Stacy Smith
is 300 Crescent Court, Suite 880, Dallas, Texas 75201.
(c) WS Capital, WS Capital Management, WSV and WSVM provide investment
management services to investment vehicles and institutions. Walker Smith
Capital, Walker Smith International, WS Opportunity and WS Opportunity
International are investment funds. The principal occupation of Reid S. Walker,
Patrick P. Walker and G. Stacy Smith is investment management.
(d) None of WS Capital, WS Capital Management, Walker Smith Capital,
Walker Smith International, WSV, WSVM, WS Opportunity, WS Opportunity
International, Reid S. Walker, Patrick P.
Page 13 of 18
Walker and G. Stacy Smith has, during the last five years, been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) None of WS Capital, WS Capital Management, Walker Smith Capital,
Walker Smith International, WSV, WSVM, WS Opportunity, WS Opportunity
International, Reid S. Walker, Patrick P. Walker and G. Stacy Smith has, during
the last five years, been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
(f) WS Capital and WSV are Texas limited liability companies. WS
Capital Management and WSVM are Texas limited partnerships. Walker Smith Capital
and WS Opportunity are Texas general partnerships. Walker Smith International is
a British Virgin Islands exempted company, and WS Opportunity International is a
Cayman Islands exempted company. Messrs. R. Walker, P. Walker and Smith are
citizens of the United States of America."
ITEM 4. PURPOSE OF THE TRANSACTION.
Item 4 is hereby amended and restated in its entirety as follows:
"WS Capital, WS Capital Management, Walker Smith Capital, Walker Smith
International, WSV, WSVM, WS Opportunity, WS Opportunity International, Reid S.
Walker, Patrick P. Walker and G. Stacy Smith acquired shares of Common Stock for
portfolio investment purposes. WS Capital, WS Capital Management, Walker Smith
Capital, Walker Smith International, WSV, WSVM, WS Opportunity, WS Opportunity
International, Reid S. Walker, Patrick P. Walker and G. Stacy Smith expect to
purchase additional shares of Common Stock of the Issuer and they further
reserve the right to acquire, or dispose of, additional securities of the
Issuer, in the ordinary course of business, to the extent deemed advisable in
light of WS Capital's and WSV's general investment and trading policies, market
conditions, the availability of shares of Common Stock or other factors. Messrs.
R. Walker, P. Walker and Smith hope to work with the Issuer's management and
board of directors to identify and pursue opportunities to increase the value of
the Common Stock, though the reporting persons have no present plans or
proposals of such nature. Except as disclosed above, none of the reporting
persons have any plans or proposals of the type described in (a) - (j) of Item
4."
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby amended and restated in its entirety as follows:
"(a) Reid S. Walker and G. Stacy Smith are the beneficial owners of
1,294,000 shares of Common Stock (which is approximately 10.7% of the
outstanding shares of Common Stock as of August 6, 2003, as disclosed in the
Issuer's Quarterly Report on Form 10-Q for the quarterly period ended June 30,
2003 (the "Form 10-Q")), including (i) 804,700 shares of Common Stock
beneficially owned by WS Capital and WS Capital Management for the accounts of
Walker Smith Capital and Walker Smith International and (ii) 489,300 shares of
Common Stock beneficially owned by WSV and WSVM for the accounts of WS
Opportunity and WS Opportunity International.
Patrick P. Walker is the beneficial owner of 492,000 shares of Common
Stock (which is approximately 4.1% of the outstanding shares of Common Stock as
of August 6, 2003, as disclosed in the Form 10-Q), including (i) 489,300 shares
of Common Stock beneficially owned by WSV and WSVM for the
Page 14 of 18
accounts of WS Opportunity and WS Opportunity International and (ii) 2,700
shares of Common Stock beneficially owned by Mr. Walker as trustee for two
trusts.
WS Capital and WS Capital Management are the beneficial owners of
804,700 shares of Common Stock (which is approximately 6.7% of the outstanding
shares of Common Stock as of August 6, 2003, as disclosed in the Form 10-Q),
including (i) 384,700 shares of Common Stock beneficially owned by Walker Smith
Capital and (ii) 420,000 shares of Common Stock beneficially owned by Walker
Smith International.
WSV and WSVM are the beneficial owners of 489,300 shares of Common
Stock (which is approximately 4.0% of the outstanding shares of Common Stock as
of August 6, 2003, as disclosed in the Form 10-Q), including (i) 340,400 shares
of Common Stock beneficially owned by WS Opportunity and (ii) 148,900 shares of
Common Stock beneficially owned by WS Opportunity International.
Walker Smith Capital is the beneficial owner of 384,700 shares of
Common Stock (which is approximately 3.2% of the outstanding shares of Common
Stock as of August 6, 2003, as disclosed in the Form 10-Q). Walker Smith
International is the beneficial owner of 420,000 shares of Common Stock (which
is approximately 3.5% of the outstanding shares of Common Stock as of August 6,
2003, as disclosed in the Form 10-Q). WS Opportunity is the beneficial owner of
340,400 shares of Common Stock (which is approximately 2.8% of the outstanding
shares of Common Stock as of August 6, 2003, as disclosed in the Form 10-Q). WS
Opportunity International is the beneficial owner of 148,900 shares of Common
Stock (which is approximately 1.2% of the outstanding shares of Common Stock as
of August 6, 2003, as disclosed in the Form 10-Q).
(b) SOLE SHARED SOLE SHARED
VOTING VOTING DISPOSITIVE DISPOSITIVE
POWER POWER POWER POWER
------------ ------------ ------------ ------------
WS Capital, L.L.C. 804,700 0 804,700 0
WS Capital Management, L.P. 804,700 0 804,700 0
Walker Smith Capital Master Fund 384,700 0 384,700 0
Walker Smith International Fund, Ltd. 420,000 0 420,000 0
WSV Management, L.L.C. 489,300 0 489,300 0
WS Ventures Management, L.P. 489,300 0 489,300 0
WS Opportunity Master Fund 340,400 0 340,400 0
WS Opportunity Fund International, Ltd. 148,900 0 148,900 0
Reid S. Walker 1,294,000 0 1,294,000 0
Patrick P. Walker 492,000 0 492,000 0
G. Stacy Smith 1,294,000 0 1,294,000 0
(c) The reporting persons have not effected any transactions in the
Common Stock within the past sixty days.
(d) Not applicable.
(e) Not applicable."
Page 15 of 18
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
"Exhibit 1 Joint Filing Agreement, dated August 28, 2003,
entered into by and among WS Capital, L.L.C., WS
Capital Management, L.P., Walker Smith Capital Master
Fund, Walker Smith International Fund, Ltd., WSV
Management, L.L.C., WS Ventures Management, L.P., WS
Opportunity Master Fund, WS Opportunity Fund
International, Ltd., Reid S. Walker, G. Stacy Smith
and Patrick P. Walker."
Page 16 of 18
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: August 28, 2003
WS CAPITAL, L.L.C.
By: /s/ Reid S. Walker
--------------------------------
Reid S. Walker, Member
WS CAPITAL MANAGEMENT, L.P.
By: WS Capital, L.L.C., its
general partner
By: /s/ Reid S. Walker
--------------------------------
Reid S. Walker, Member
WALKER SMITH CAPITAL MASTER FUND
By: WS Capital Management, L.P., its
agent and attorney-in-fact
By: WS Capital, L.L.C., its general
partner
By: /s/ Reid S. Walker
--------------------------------
Reid S. Walker, Member
WALKER SMITH INTERNATIONAL FUND, LTD.
By: WS Capital Management, L.P., its
agent and attorney-in-fact
By: WS Capital, L.L.C., its general
partner
By: /s/ Reid S. Walker
--------------------------------
Reid S. Walker, Member
Page 17 of 18
WSV MANAGEMENT, L.L.C.
By: /s/ Reid S. Walker
--------------------------------
Reid S. Walker, Member
WS VENTURES MANAGEMENT, L.P.
By: WSV Management, L.L.C., its
general partner
By: /s/ Reid S. Walker
--------------------------------
Reid S. Walker, Member
WS OPPORTUNITY MASTER FUND
By: WS Ventures Management, L.P.,
its agent and attorney-in-fact
By: WSV Management, L.L.C., its
general partner
By: /s/ Reid S. Walker
--------------------------------
Reid S. Walker, Member
WS OPPORTUNITY FUND INTERNATIONAL, LTD.
By: WS Ventures Management, L.P.,
its agent and attorney-in-fact
By: WSV Management, L.L.C., its
general partner
By: /s/ Reid S. Walker
--------------------------------
Reid S. Walker, Member
/s/ Reid S. Walker
----------------------------------------
REID S. WALKER
/s/ G. Stacy Smith
----------------------------------------
G. STACY SMITH
/s/ Patrick P. Walker
----------------------------------------
PATRICK P. WALKER
Page 18 of 18
EXHIBITS
EXHIBIT
NUMBER DESCRIPTION
--------- -----------
Exhibit 1 Joint Filing Agreement, dated August 28, 2003, entered into by
and among WS Capital, L.L.C., WS Capital Management, L.P.,
Walker Smith Capital Master Fund, Walker Smith International
Fund, Ltd., WSV Management, L.L.C., WS Ventures Management,
L.P., WS Opportunity Master Fund, WS Opportunity Fund
International, Ltd., Reid S. Walker, G. Stacy Smith and
Patrick P. Walker.