UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 25)*
TRIARC COMPANIES, INC.
--------------------------------------------------------------------------------
(Name of Issuer)
CLASS A COMMON STOCK, PAR VALUE $.10 PER SHARE
CLASS B COMMON STOCK, SERIES 1, PAR VALUE $.10 PER SHARE
--------------------------------------------------------------------------------
(Title of Class of Securities)
CLASS A COMMON STOCK: 895927 10 1
CLASS B COMMON STOCK: 895927 30 9
--------------------------------------------------------------------------------
(CUSIP Number)
PETER W. MAY BRIAN L. SCHORR, ESQ.
280 PARK AVENUE CHIEF LEGAL OFFICER
NEW YORK, NEW YORK 10017 TRIAN FUND MANAGEMENT, L.P.
TEL. NO.: (212)451-3000 280 PARK AVENUE, 41st FLOOR
NEW YORK, NEW YORK 10017
TEL. NO.: (212)451-3000
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 16, 2008
--------------------------------------------------------------------------------
(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 ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(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 Rule 13d-7 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).
Class A Common Stock: CUSIP No. 895927 10 1
Class B Common Stock: CUSIP No. 895927 30 9
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NELSON PELTZ
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
Not applicable
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER (See Item 5)
------------------------------------------------------
8 SHARED VOTING POWER (See Item 5)
NUMBER OF SHARES 10,608,515 (Class A Common Stock)
BENEFICIALLY OWNED 13,818,049 (Class B Common Stock)
BY EACH REPORTING ------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER (See Item 5)
6,980,117 (Class A Common Stock)
8,918,689 (Class B Common Stock)
------------------------------------------------------
10 SHARED DISPOSITIVE POWER (See Item 5)
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON (See Item 5)
10,608,515 (Class A Common Stock)
13,818,049 (Class B Common Stock)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_]
CERTAIN SHARES
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
36.64% (Class A Common Stock)*
21.55% (Class B Common Stock)*
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
* These percentages are calculated based on 28,952,771 shares of Class A Common
Stock and 64,081,445 shares of Class B Common Stock outstanding as of August 5,
2008, as reported in the Company's Form S-4/A, filed on August 14, 2008.
Class A Common Stock: CUSIP No. 895927 10 1
Class B Common Stock: CUSIP No. 895927 30 9
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
PETER W. MAY
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
Not applicable
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER (See Item 5)
------------------------------------------------------
8 SHARED VOTING POWER (See Item 5)
NUMBER OF SHARES 10,712,565 (Class A Common Stock)
BENEFICIALLY OWNED 13,607,184 (Class B Common Stock)
BY EACH REPORTING ------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER (See Item 5)
3,604,648 (Class A Common Stock)
4,612,945 (Class B Common Stock)
------------------------------------------------------
10 SHARED DISPOSITIVE POWER (See Item 5)
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON (See Item 5)
10,712,565 (Class A Common Stock)
13,607,184 (Class B Common Stock)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_]
CERTAIN SHARES
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
37.00% (Class A Common Stock)*
21.23% (Class B Common Stock)*
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
* These percentages are calculated based on 28,952,771 shares of Class A Common
Stock and 64,081,445 shares of Class B Common Stock outstanding as of August 5,
2008, as reported in the Company's Form S-4/A, filed on August 14, 2008.
Class A Common Stock: CUSIP No. 895927 10 1
Class B Common Stock: CUSIP No. 895927 30 9
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
EDWARD P. GARDEN
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
Not Applicable
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER (See Item 5)
194,370 (Class B Common Stock)
------------------------------------------------------
8 SHARED VOTING POWER (See Item 5)
NUMBER OF SHARES
BENEFICIALLY OWNED
BY EACH REPORTING ------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER (See Item 5)
194,370 (Class B Common Stock)
------------------------------------------------------
10 SHARED DISPOSITIVE POWER (See Item 5)
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON (See Item 5)
0
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_]
CERTAIN SHARES
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.003% (Class B Common Stock)*
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
* These percentages are calculated based on 28,952,771 shares of Class A Common
Stock and 64,081,445 shares of Class B Common Stock outstanding as of August 5,
2008, as reported in the Company's Form S-4/A, filed on August 14, 2008.
Class A Common Stock: CUSIP No. 895927 10 1
Class B Common Stock: CUSIP No. 895927 30 9
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Trian Fund Management, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
20-3454182
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(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
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER (See Item 5)
------------------------------------------------------
8 SHARED VOTING POWER (See Item 5)
NUMBER OF SHARES
BENEFICIALLY OWNED 0
BY EACH REPORTING ------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER (See Item 5)
0
------------------------------------------------------
10 SHARED DISPOSITIVE POWER (See Item 5)
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON (See Item 5)
0
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_]
CERTAIN SHARES
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
Class A Common Stock: CUSIP No. 895927 10 1
Class B Common Stock: CUSIP No. 895927 30 9
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Trian Fund Management GP, LLC
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
20-3454087
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(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
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER (See Item 5)
------------------------------------------------------
8 SHARED VOTING POWER (See Item 5)
NUMBER OF SHARES
BENEFICIALLY OWNED 0
BY EACH REPORTING ------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER (See Item 5)
0
------------------------------------------------------
10 SHARED DISPOSITIVE POWER (See Item 5)
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON (See Item 5)
0
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_]
CERTAIN SHARES
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
Class A Common Stock: CUSIP No. 895927 10 1
Class B Common Stock: CUSIP No. 895927 30 9
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Trian Partners GP, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
20-3453775
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(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
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER (See Item 5)
------------------------------------------------------
8 SHARED VOTING POWER (See Item 5)
NUMBER OF SHARES
BENEFICIALLY OWNED 0
BY EACH REPORTING ------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER (See Item 5)
0
------------------------------------------------------
10 SHARED DISPOSITIVE POWER (See Item 5)
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON (See Item 5)
0
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_]
CERTAIN SHARES
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
Class A Common Stock: CUSIP No. 895927 10 1
Class B Common Stock: CUSIP No. 895927 30 9
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Trian Partners General Partner, LLC
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
20-3453595
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(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
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER (See Item 5)
------------------------------------------------------
8 SHARED VOTING POWER (See Item 5)
NUMBER OF SHARES
BENEFICIALLY OWNED 0
BY EACH REPORTING ------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER (See Item 5)
0
------------------------------------------------------
10 SHARED DISPOSITIVE POWER (See Item 5)
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON (See Item 5)
0
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_]
CERTAIN SHARES
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
Class A Common Stock: CUSIP No. 895927 10 1
Class B Common Stock: CUSIP No. 895927 30 9
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Trian Partners, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
20-3453988
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(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
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER (See Item 5)
------------------------------------------------------
8 SHARED VOTING POWER (See Item 5)
NUMBER OF SHARES
BENEFICIALLY OWNED 0
BY EACH REPORTING ------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER (See Item 5)
0
------------------------------------------------------
10 SHARED DISPOSITIVE POWER (See Item 5)
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON (See Item 5)
0
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_]
CERTAIN SHARES
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
Class A Common Stock: CUSIP No. 895927 10 1
Class B Common Stock: CUSIP No. 895927 30 9
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Trian Partners Master Fund, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
98-0468601
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(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
Cayman Islands
--------------------------------------------------------------------------------
7 SOLE VOTING POWER (See Item 5)
------------------------------------------------------
8 SHARED VOTING POWER (See Item 5)
NUMBER OF SHARES
BENEFICIALLY OWNED 0
BY EACH REPORTING ------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER (See Item 5)
0
------------------------------------------------------
10 SHARED DISPOSITIVE POWER (See Item 5)
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON (See Item 5)
0
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_]
CERTAIN SHARES
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
Class A Common Stock: CUSIP No. 895927 10 1
Class B Common Stock: CUSIP No. 895927 30 9
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Trian Partners Parallel Fund I, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
20-3694154
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(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
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER (See Item 5)
------------------------------------------------------
8 SHARED VOTING POWER (See Item 5)
NUMBER OF SHARES
BENEFICIALLY OWNED 0
BY EACH REPORTING ------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER (See Item 5)
0
------------------------------------------------------
10 SHARED DISPOSITIVE POWER (See Item 5)
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON (See Item 5)
0
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_]
CERTAIN SHARES
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
Class A Common Stock: CUSIP No. 895927 10 1
Class B Common Stock: CUSIP No. 895927 30 9
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Trian Partners Parallel Fund I General Partner, LLC
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
20-3694293
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(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
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER (See Item 5)
------------------------------------------------------
8 SHARED VOTING POWER (See Item 5)
NUMBER OF SHARES
BENEFICIALLY OWNED 0
BY EACH REPORTING ------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER (See Item 5)
0
------------------------------------------------------
10 SHARED DISPOSITIVE POWER (See Item 5)
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON (See Item 5)
0
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_]
CERTAIN SHARES
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
Class A Common Stock: CUSIP No. 895927 10 1
Class B Common Stock: CUSIP No. 895927 30 9
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Trian Partners Parallel Fund II, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
87-0763105
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(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
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER (See Item 5)
------------------------------------------------------
8 SHARED VOTING POWER (See Item 5)
NUMBER OF SHARES
BENEFICIALLY OWNED 0
BY EACH REPORTING ------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER (See Item 5)
0
------------------------------------------------------
10 SHARED DISPOSITIVE POWER (See Item 5)
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON (See Item 5)
0
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_]
CERTAIN SHARES
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
Class A Common Stock: CUSIP No. 895927 10 1
Class B Common Stock: CUSIP No. 895927 30 9
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Trian Partners Parallel Fund II GP, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
87-0763102
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(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
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER (See Item 5)
------------------------------------------------------
8 SHARED VOTING POWER (See Item 5)
NUMBER OF SHARES
BENEFICIALLY OWNED 0
BY EACH REPORTING ------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER (See Item 5)
0
------------------------------------------------------
10 SHARED DISPOSITIVE POWER (See Item 5)
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON (See Item 5)
0
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_]
CERTAIN SHARES
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
Class A Common Stock: CUSIP No. 895927 10 1
Class B Common Stock: CUSIP No. 895927 30 9
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Trian Partners Parallel Fund II General Partner, LLC
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
87-0763099
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(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
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER (See Item 5)
------------------------------------------------------
8 SHARED VOTING POWER (See Item 5)
NUMBER OF SHARES
BENEFICIALLY OWNED 0
BY EACH REPORTING ------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER (See Item 5)
0
------------------------------------------------------
10 SHARED DISPOSITIVE POWER (See Item 5)
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON (See Item 5)
0
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_]
CERTAIN SHARES
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
Class A Common Stock: CUSIP No. 895927 10 1
Class B Common Stock: CUSIP No. 895927 30 9
AMENDMENT NO. 25 TO SCHEDULE 13D
This Amendment No. 25 amends and supplements the Schedule 13D dated
October 13, 1992 (the "Original Statement"), as amended and restated by
Amendment No. 6 dated May 3, 1993, as amended by Amendment No. 7 dated February
14, 1996, as amended by Amendment No. 8 dated October 13, 1998, as amended by
Amendment No. 9 dated March 12, 1999, as amended by Amendment No. 10 dated May
4, 1999, as amended by Amendment No. 11 dated November 12, 2002, as amended by
Amendment No. 12 dated April 25, 2003, as amended by Amendment No. 13 dated July
1, 2003, as amended by Amendment No. 14 dated September 24, 2003, as amended by
Amendment No. 15 dated December 4, 2003, as amended by Amendment No. 16 dated
January 15, 2004, as amended by Amendment No. 17 dated April 20, 2004, as
amended by Amendment No. 18 dated June 29, 2004, as amended by Amendment No. 19
dated July 23, 2004, as amended by Amendment No. 20 dated May 23, 2005, as
amended by Amendment No. 21 dated January 6, 2006, as amended by Amendment No.
22 dated February 23, 2006, as amended by Amendment No. 23 dated December 26,
2006 and as amended by Amendment No. 24 dated April 23, 2008 (the Original
Statement, as so amended shall be known as the "Statement"), with respect to the
Class A Common Stock, par value $.10 per share (the "Class A Common Stock"), and
the Class B Common Stock, Series 1, par value $.10 per share (the "Class B
Common Stock"), in each case of Triarc Companies, Inc., a Delaware corporation
and successor by merger to Triarc Companies, Inc., an Ohio corporation formerly
named DWG Corporation (the "Company"). Unless otherwise indicated, all
capitalized terms used herein shall have the same meaning as set forth in the
Statement.
Except as set forth below, there are no changes to the information set
forth in the Statement. As noted in Amendment Nos. 14, 15, 16, 17, 18, 19, 20,
21, 22, 23 and 24, all references in the Statement to "Common Stock" shall be
deemed to refer to the Class A Common Stock.
Items 2, 4, 5 and 7 of the Statement are hereby amended and supplemented as
follows:
Item 2. Identity and Background
The persons filing this Statement are Trian Partners GP, L.P., a Delaware
limited partnership ("Trian GP"), Trian Partners General Partner, LLC, a
Delaware limited liability company ("Trian GP LLC"), Trian Partners, L.P., a
Delaware limited partnership ("Trian Onshore"), Trian Partners Master Fund,
L.P., a Cayman Islands limited partnership ("Trian Master Fund"), Trian Partners
Parallel Fund I, L.P., a Delaware limited partnership ("Parallel Fund I"), Trian
Partners Parallel Fund I General Partner, LLC, a Delaware limited liability
company ("Parallel Fund I GP"), Trian Partners Parallel Fund II, L.P., a
Delaware limited partnership ("Parallel Fund II"), Trian Partners Parallel Fund
II GP, L.P., a Delaware limited partnership ("Parallel Fund II GP"), Trian
Partners Parallel Fund II General Partner, LLC, a Delaware limited liability
company ("Parallel Fund II LLC"), Trian Fund Management, L.P., a Delaware
limited partnership ("Trian Management"), Trian Fund Management GP, LLC, a
Delaware limited liability company ("Trian Management GP", and together with the
foregoing, the "Trian Entities"), Nelson Peltz, a citizen of the United States
of America, Peter W. May, a citizen of the United States of America, Edward P.
Garden, a citizen of the United States of America (the Trian Entities and
Class A Common Stock: CUSIP No. 895927 10 1
Class B Common Stock: CUSIP No. 895927 30 9
Messrs. Peltz, May and Garden are sometimes hereinafter referred to collectively
as the "Filing Persons").
The principal business address and the address of the principal office of each
of the Filing Persons is 280 Park Avenue, 41st Floor, New York, New York 10017.
The Filing Persons have entered into a Joint Filing Agreement dated as of
September 16, 2008, a copy of which is attached hereto as Exhibit 34.
Trian GP LLC, is the general partner of Trian GP, which is the general partner
of the Trian Onshore, Trian Master Fund. Parallel Fund I GP is the general
partner of Parallel Fund I. Parallel Fund II LLC is the general partner of
Parallel Fund II GP. Parallel Fund II GP is the general partner of Parallel Fund
II. Trian Management GP is the general partner of Trian Management, which serves
as (i) the management company for Trian Onshore, Trian Master Fund, Parallel
Fund I and Parallel Fund II and (ii) the investment manager for a separate
account owned by TCMG-MA, LLC (the "Separate Account"), an indirect subsidiary
of the Company. Trian Management has full discretion and authority to make all
investment and voting decisions in respect of the Separate Account. Each of
Parallel Fund II LLC, Trian GP LLC, Parallel Fund GP and Trian Management GP are
owned and controlled by Nelson Peltz, a citizen of the United States of America,
Peter W. May, a citizen of the United States of America, and Edward P. Garden, a
citizen of the United States of America, who therefore are in a position to
determine the investment and voting decisions made by Trian Onshore, Trian GP,
Trian GP LLC, Trian Master Fund, Parallel Fund I, Parallel Fund I GP, Trian
Management, Parallel Fund II GP, Parallel Fund II LLC, Parallel Fund II and
Trian Management GP.
Each of Trian Onshore, Trian Master Fund, Parallel Fund II GP, Trian GP,
Parallel Fund I and Parallel Fund II is primarily engaged in the business of
investing in securities. Trian GP LLC is primarily engaged in the business of
serving as the general partner of Trian GP. Parallel Fund I GP is primarily
engaged in the business of serving as the general partner of Parallel Fund I.
Parallel Fund II LLC is primarily engaged in the business of serving as general
partner of Parallel Fund II GP. Parallel Fund II GP is primarily engaged in the
business of serving as the general partner of Parallel Fund II. Trian Management
is primarily engaged in the business of serving as a management company for
certain of the Trian Entities and as investment manager for the Separate
Account. Trian Management GP is primarily engaged in the business of serving as
the general partner of Trian Management. Nelson Peltz's present principal
occupation or employment is (i) serving as Chief Executive Officer and a
founding partner of Trian Management and, as such, managing the investments of
Record Holder, Trian GP, Trian Master Fund, Parallel Fund I, Parallel Fund II,
and the Separate Account, (ii) serving as Chairman and a director of the Company
and (iii) serving as Chairman of Trian Acquisition I Corp. ("Trian
Acquisition"). Peter W. May's present principal occupation or employment is (i)
serving as President and a founding partner of Trian Management and, as such,
managing the investments of the Record Holder, Trian GP, Trian Master Fund,
Parallel Fund I, Parallel Fund II, and the Separate Account, (ii) serving as
Vice Chairman and a director of the Company and (iii) serving as Vice Chairman
and a director of Trian Acquisition. Edward P. Garden's present principal
occupation or employment is (i) serving as Portfolio Manager and a founding
partner of Trian Management and, as such, managing the investments of the Record
Holder, Trian GP, Trian Master Fund, Parallel Fund I, Parallel Fund II, and the
Separate Account, (ii) serving as a
Class A Common Stock: CUSIP No. 895927 10 1
Class B Common Stock: CUSIP No. 895927 30 9
director of the Company and (iii) serving as President, Chief Executive Officer
and a director of Trian Acquisition.
No member of any of the Filing Persons nor any manager, director or executive
officer of any of the Filing Persons, has, during the past five years, (a) been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors), or (b) 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 a finding of any violation with respect to such laws.
Item 4. Purpose of the Transaction.
The Filing Persons are currently the beneficial owners of common stock of
Wendy's International, Inc. ("Wendy's"). Upon consummation of the merger between
the Company and Wendy's, the Wendy's common stock that is beneficially owned by
the Trian Entities will be converted into shares of Common Stock of the Company,
and the Trian Entities will become the beneficial owners of shares of Common
Stock of the Company.
The Filing Persons intend to review their investment in the Company on a
continuing basis. Depending on various factors, including, without limitation,
the Company's financial position, results and strategic direction, price levels
of the common stock of the Company, conditions in the securities and credit
markets and general economic and industry conditions, the Filing Persons may
take such actions with respect to their investment in the Company as they deem
appropriate. The Filing Persons currently intend to increase their investment in
the Company and/or Wendy's through the acquisition of additional common stock of
the Company and/or Wendy's. Future acquisitions of common stock of the Company
and/or Wendy's will depend, among other things, on market and economic
conditions, the Filing Persons' overall investment strategies and capital
availability and applicable regulatory and legal constraints, and there can be
no assurance that the Filing Persons will acquire additional common stock of the
Company or Wendy's. The Filing Persons reserve the right to change their current
plans and intentions, which may include a decision not to acquire additional
common stock of the Company and/or Wendy's or to sell some or all of their
Company common stock in the open market, in private transactions, or otherwise.
Item 5. Interest in Securities of the Issuer
Part (a) through (c) of Item 5 is amended by adding the following:
Mr. Garden directly owns and has the sole power to dispose of and
the sole power to vote 194,370 shares of Class B Common Stock, which
represents approximately .003% of the outstanding shares of Class B
Common Stock.
The Trian Entities currently do not beneficially own any shares of
Common Stock of the Company.
Item 7. Material to be Filed as Exhibits
The following documents are included in this Statement as exhibits thereto:
34. Joint Filing Agreement of the Filing Persons.
SIGNATURE
After reasonable inquiry and to the best of each of the undersigned's
knowledge and belief, each of the undersigned certifies that the information set
forth in this statement is true, complete and correct.
Dated: September 16, 2008
TRIAN PARTNERS GP, L.P.
By: /s/ Edward P. Garden
----------------------------------
Name: Edward P. Garden
Title: Member
TRIAN PARTNERS GENERAL PARTNER, LLC
By: /s/ Edward P. Garden
----------------------------------
Name: Edward P. Garden
Title: Member
TRIAN PARTNERS, L.P.
By: Trian Partners GP, L.P.,
its general partner
By: Trian Partners General Partner, LLC,
its general partner
By: /s/ Edward P. Garden
----------------------------------
Name: Edward P. Garden
Title: Member
TRIAN PARTNERS MASTER FUND, L.P.
By: Trian Partners GP, L.P.,
its general partner
By: Trian Partners General Partner, LLC,
its general partner
By: /s/ Edward P. Garden
----------------------------------
Name: Edward P. Garden
Title: Member
[Signature Page to Amendment No. 25 to Schedule 13D]
TRIAN PARTNERS PARALLEL FUND I, L.P.
By: Trian Partners Parallel Fund I
General Partner LLC, its general partner
By: /s/ Edward P. Garden
----------------------------------
Name: Edward P. Garden
Title: Member
TRIAN PARTNERS PARALLEL FUND I GENERAL
PARTNER, LLC
By: /s/ Edward P. Garden
----------------------------------
Name: Edward P. Garden
Title: Member
TRIAN PARTNERS PARALLEL FUND II, L.P.
By: Trian Partners Parallel Fund II GP,
L.P., its general partner
By: Trian Partners Parallel Fund II
General Partner, LLC, its general partner
By: /s/ Edward P. Garden
----------------------------------
Name: Edward P. Garden
Title: Member
TRIAN PARTNERS PARALLEL FUND II GP, L.P.
By: Trian Partners Parallel Fund II
General Partner, LLC, its general partner
By: /s/ Edward P. Garden
----------------------------------
Name: Edward P. Garden
Title: Member
TRIAN PARTNERS PARALLEL FUND II GENERAL
PARTNER, LLC
By: /s/ Edward P. Garden
----------------------------------
Name: Edward P. Garden
Title: Member
[Signature Page to Amendment No. 25 to Schedule 13D]
TRIAN FUND MANAGEMENT, L.P.
By: Trian Fund Management GP, LLC,
its general partner
By: /s/ Edward P. Garden
----------------------------------
Name: Edward P. Garden
Title: Member
TRIAN FUND MANAGEMENT GP, LLC
By: /s/ Edward P. Garden
----------------------------------
Name: Edward P. Garden
Title: Member
[Signature Page to Amendment No. 25 to Schedule 13D]
/s/ Nelson Peltz
-----------------------------------------
Nelson Peltz
/s/ Peter W. May
-----------------------------------------
Peter W. May
/s/ Edward P. Garden
-----------------------------------------
Edward P. Garden
[Signature Page to Amendment No. 25 to Schedule 13D]
EXHIBIT INDEX
EXHIBIT DESCRIPTION PAGE NO.
----------- ------------------------------------------------- ------------------
1 Stock Purchase Agreement dated as of October 1, Filed with
1992 by and between the Purchaser, Posner, Original Statement
Posner Trust and Security Management.
2 Exchange Agreement dated as of October 12, 1992 Filed with
between the Company and Security Management. Original Statement
3 Agreement dated as of October 1, 1992 between Filed with
the Company and the Purchaser. Original Statement
4 Agreement of Limited Partnership of the Filed with
Purchaser dated as of September 25, 1992. Original Statement
5 Joint Filing Agreement of the Purchaser, Peltz Filed with
and May. Amendment No. 14
6 Memorandum of Understanding, dated January 21, Filed with
1993, by and between the Purchaser and William Amendment No. 2
A. Ehrman, individually and derivatively on
behalf of SEPSCO.
7 Letter dated January 25, 1993 from Steven Posner Filed with
to the Purchaser Filed with Amendment (including Amendment No. 2
proposed terms and conditions of Consulting
Agreement to be No. 2 entered into between the
Company and Steven Posner).
8 Undertaking and Agreement, dated February 9, Filed with
1993, executed by the Purchaser. Amendment No. 3
9 Amendment No. 3 dated as of April 14, 1993 to Filed with
Agreement of Limited Partnership of the Amendment No. 4
Purchaser.
10 Citibank Loan Documents (Exhibits and Schedule Filed with
omitted). Amendment No. 4
11 Republic Loan Documents (Exhibits and Schedules Filed with
omitted). Amendment No. 4
12 Pledge and Security Agreement, dated as of April Filed with
5, 1993, between the Purchaser and Citibank. Amendment No. 5
13 Custodial Loan Documents. Filed with
Amendment No. 5
14 Agreement, dated May 2, 1994 among Nelson Peltz, Filed with
Peter W. May and Leon Kalvaria. Amendment No. 6
15 Amended and Restated Pledge and Security Filed with
Agreement, dated as of July 25, 1994 between the Amendment No. 6
Purchaser and Citibank.
EXHIBIT DESCRIPTION PAGE NO.
----------- ------------------------------------------------- ------------------
16 Amendment No. 1 dated as of November 15, 1992 to Filed with
Agreement of Limited Partnership of the Amendment No. 7
Purchaser.
17 Amendment No. 2 dated as of March 1, 1993 to Filed with
Agreement of Limited Partnership of the Amendment No. 7
Purchaser.
18 Amendment No. 4 dated a January 1, 1995 to Filed with
Agreement of Limited Partnership of the Amendment No. 7
Purchaser.
19 Amendment No. 5 dated as of January 1, 1996 to Filed with
Agreement of Limited Partnership of the Amendment No. 7
Purchaser.
20 BOA Loan documents, as amended (Exhibits and Filed with
Schedules omitted). Amendment No. 22
Letter, dated October 12, 1998, from Messrs. Filed with
21 Nelson Peltz and Peter W. May to the Company. Amendment No. 8
22 Press release, issued by the Company, dated Filed with
October 12, 1998. Amendment No. 8
Letter, dated October 12, 1998, from the Company Filed with
23 to Messrs. Nelson Peltz and Peter W. May. Amendment No. 8
24 Press release issued by the Company, dated March Filed with
10, 1999. Amendment No. 9
25 Amended and Restated Agreement of Limited
Partnership of the Purchaser, amended and Filed with
restated as of November 11, 2002. Amendment No. 11
26 Pledge Agreement dated April 2, 2001, made by Filed with
Peltz Family Limited Partnership, in favor of Amendment No. 13
Bank of America, N.A.
27 Pledge and Security Agreement dated April 2, Filed with
2003, made by Peter W. May, in favor of Bank of Amendment No. 13
America, N.A. (Schedule II omitted).
28 Voting Agreement, dated June 26, 2004, by and Filed with
among Messrs. Nelson Peltz, Peter W. May and Amendment No. 18
Gregory H. Sachs.
29 Voting Agreement dated July 23, 2004, between Filed with
Messrs. Nelson Peltz and Peter W. May. Amendment No. 19
30 Pledge and Security Agreement dated July 23, Filed with
2004, made by Nelson Peltz, in favor of Bank of Amendment No. 22
America, N.A., as amended (Schedule I omitted).
31 Amendment No. 1 to Pledge and Security Agreement Filed with
dated July 23, 2004, made by Peter W. May, in Amendment No. 19
favor of Bank of America, N.A.
EXHIBIT DESCRIPTION PAGE NO.
----------- ------------------------------------------------- ------------------
32 Agreement and Plan of Merger, dated April 23, Incorporated by
2008, by and among Triarc, Wendy's and Green reference to
Merger Sub. Exhibit 2.1 to the
Company's current
report on Form 8-K
filed with the
Securities and
Exchange
Commission on
April 29, 2008.
33 Voting Agreement, dated as of April 23, 2008, by Incorporated by
and among the Stockholders and Wendy's. reference to
Exhibit 99.1 to
the Company's
current report on
Form 8-K filed
with the
Securities and
Exchange
Commission on
April 29, 2008.
34 Joint Filing Agreement of the Filing Persons. Filed herewith.