UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
under the Securities Exchange Act of 1934
(Amendment No. 28)*
WINNEBAGO INDUSTRIES, INC.
(Name of Issuer)
COMMON STOCK, $.50 PAR VALUE
(Title of Class of Securities)
974637100
(CUSIP Number)
WILLIAM M. LIBIT, ESQ.
CHAPMAN AND CUTLER LLP
111 WEST MONROE STREET
CHICAGO, ILLINOIS 60603
(312) 845-2981
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
MARCH 25, 2004
(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.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box [ ].
*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.
CUSIP No. 974637100
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(1) Names of Reporting Persons
S.S. or I.R.S. Identification Nos. of Above Person
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Hanson Capital Partners, L.L.C. I.R.S. Identification No. 52-2286575
John V. Hanson SS# 479-42-5460
Mary Joan Boman SS# 478-40-8029
Paul D. Hanson SS# 485-54-1079
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(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [x]
(b) [ ]
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(3) SEC Use Only
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(4) Source of Funds
Not applicable.
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) [ ]
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(6) Citizenship or Place of Organization
Hanson Capital Partners, L.L.C. is a Delaware limited liability company.
John V. Hanson, Mary Joan Boman and Paul D. Hanson are United States
citizens.
CUSIP No. 974637100 Page 2
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(7) Sole Voting Power
Hanson Capital
Partners, L.L.C. 3,626,212+ shares (10.7%)
John V. Hanson 40,260+ (includes 200+
shares owned by wife and
40,000+ shares which
John V. Hanson has a right
to acquire)*
Mary Joan Boman 145,496+ (includes 53,070+
shares owned by husband,
Gerald E. Boman, and
40,000+ shares which Gerald
E. Boman has the right to
acquire)*
Paul D. Hanson 320+ shares*
*less than 1.0 percent.
NUMBER OF
SHARES ------------------------------------------------------------
BENEFICIALLY (8) Shared Voting Power
OWNED BY
Not Applicable.
EACH ------------------------------------------------------------
REPORTING (9) Sole Dispositive Power
PERSON Hanson Capital
Partners, L.L.C. 3,626,212+ shares (10.7%)
John V. Hanson 40,260+ (includes 200+
shares owned by wife and
40,000+ shares which John
V. Hanson has a right to
acquire)*
Mary Joan Boman 145,496+ (includes 53,070+
shares owned by husband,
Gerald E. Boman, and
40,000+ shares which Gerald
E. Boman has the right to
acquire)*
Paul D. Hanson 320+ shares*
*less than 1.0 percent.
WITH ------------------------------------------------------------
(10) Shared Dispositive Power
See (9) above.
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+ Adjusted to reflect the 2 for 1 dividend of Winnebago's Common Stock effective
March 5, 2004.
CUSIP No. 974637100 Page 3
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
See (7) and (9) above.
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [ ]
(13) Percent of Class Represented by Amount in Row (11)
See (7) and (9) above.
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(14) Type of Reporting Person (See Instructions)
Hanson Capital Partners, L.L.C., CO.
John V. Hanson, IN; Mary Joan Boman, IN; Paul D. Hanson, IN
ITEM 1. SECURITY AND ISSUER
The class of securities to which this statement relates is Common
Stock, $.50 par value (the "COMMON STOCK"), of Winnebago Industries, Inc.
("WINNEBAGO"), an Iowa corporation. The address of Winnebago's principal
executive offices is P.O. Box 152, Forest City, Iowa 50436.
ITEM 2. IDENTITY AND BACKGROUND
This statement is being filed by Hanson Capital Partners, L.L.C., John V.
Hanson, Mary Joan Boman and Paul D. Hanson. Hanson Capital Partners, L.L.C.
("HCP") is a Delaware limited liability company which is currently comprised of
the Luise V. Hanson Qualified Terminable Interest Property Marital Deduction
Trust (the "QTIP TRUST"), the Luise V. Hanson Revocable Trust dated September
22, 1984 (the "REVOCABLE TRUST"), the John V. Hanson Family Trust, the Paul D.
Hanson Family Trust and the Mary Joan Boman Family Trust. The business address
for HCP is c/o Mr. John V. Hanson, 7019 SE Harbor Circle, Stuart, Florida 34996.
The business address for the QTIP Trust is c/o Ms. Linda K. Johnson,
Manufacturers Bank and Trust Company, 245 East J Street, P.O. Box 450, Forest
City, Iowa 50436. The business address for the Revocable Trust is c/o Mr. John
V. Hanson, 7019 SE Harbor Circle, Stuart, Florida 34996. The general purpose of
HCP is to provide a business structure for the members of the family of Luise V.
Hanson and trusts to enable them to pool and invest assets under consolidated
ownership and management. Mr. John V. Hanson is retired and his residence
address is 7019 SE Harbor Circle, Stuart, Florida 34996. Mrs. Mary Joan Boman is
retired and her residence address is 743 S.W. Thornhill Lane, Palm City, Florida
34990. Mr. Paul D. Hanson is retired and his residence address is 60 W. Pelican
Street, #106, Naples, Florida 34113.
CUSIP No. 974637100 Page 4
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John V. Hanson, Mary Joan Boman, Paul D. Hanson and Bessemer Trust Company
are co-trustees under the Revocable Trust which has a 64.4% membership interest
in HCP. The John V. Hanson Family Trust of which John V. Hanson and Mary Joan
Boman are co-trustees and John V. Hanson is the beneficiary, has a .2%
membership interest in HCP. The Paul D. Hanson Family Trust, of which Paul D.
Hanson, John V. Hanson and Mary Joan Boman are co-trustees and Paul D. Hanson is
the beneficiary, has a .2% membership interest in HCP. The Mary Joan Boman
Family Trust of which John V. Hanson and Mary Joan Boman are co-trustees and
Mary Joan Boman is the beneficiary, has a .2% membership interest in HCP. John
V. Hanson, Mary Joan Boman, Paul D. Hanson and Bessemer Trust Company, N.A. are
co-trustees under the QTIP Trust which has a 34.9% membership interest in HCP.
None of HCP, John V. Hanson, Mary Joan Boman, and Paul D. Hanson has,
during the last five years, been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors). Further, none of HCP, John V.
Hanson, Mary Joan Boman and Paul D. Hanson has, during the last five years, been
a party to a civil proceeding of a judicial or administrative body of competent
jurisdiction which resulted in any of the foregoing being subject to a judgment,
decree or final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities law or finding any
violation with respect to such laws.
John V. Hanson, Mary Joan Boman and Paul D. Hanson are United States
citizens.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
NOT APPLICABLE. This amendment is being filed to report a change in the
direct and indirect beneficial ownership by HCP of an aggregate of 260,000
shares of Common Stock as a result of the sale by HCP on March 25, 2004 of
101,500 shares of Common Stock through a broker pursuant to the Rule 10b5-1
Trading Plan (the "TRADING PLAN") with Bessemer Trust Company of Florida and the
sale by HCP on March 26, 2004 of 158,500 shares of Common Stock through a broker
pursuant to the Trading Plan. Reference is made to Item 4 for a description of
the transactions.
ITEM 4. PURPOSE OF TRANSACTION
On March 25, 2004, HCP sold 101,500 shares of Common Stock through a
broker pursuant to the Trading Plan for an approximate purchase price of
$3,053,269 or an average price per share of $30.0815 and on March 26, 2004, HCP
sold 158,500 shares of Common Stock through a broker pursuant to the Trading
Plan for an approximate purchase price of $4,758,267 or an average price per
share of $30.0206.
The QTIP Trust, the Revocable Trust, the John V. Hanson Family Trust,
the Paul D. Hanson Family Trust and the Mary Joan Boman Family Trust are the
only members of HCP.
CUSIP No. 974637100 Page 5
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The undersigned do not presently have any plans or proposals which
relate to or would result in:
(a) The acquisition by any person of additional securities of Winnebago, or
the disposition of securities of Winnebago, other than the acquisition
or disposition of membership or economic interests in HCP or the
disposition by HCP of Winnebago Common Stock in accordance with the
Rule 10b5-1 Trading Plan and after termination of such Plan from time
to time when believed to be in the best interests of HCP's members;
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving Winnebago or any of its
subsidiaries;
(c) A sale or transfer of a material amount of assets of Winnebago or any
of its subsidiaries;
(d) Any change in the present board of directors or management of
Winnebago, including any plans or proposals to change the number or
term of directors or to fill any existing vacancies on the board;
(e) Any material change in the present capitalization or dividend policy of
Winnebago;
(f) Any other material change in Winnebago's business or corporate
structure;
(g) Changes in Winnebago's charter, bylaws or instruments corresponding
thereto or other actions which may impede the acquisition of control of
Winnebago by any person;
(h) Causing a class of securities of Winnebago to be delisted from a
national securities exchange or to cease to be authorized to be quoted
in an inter-dealer quotation system of a registered national securities
association;
(i) A class of equity securities of Winnebago becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Act; or
(j) Any action similar to any of those enumerated above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) HCP is the beneficial owner of 3,626,212+ shares of Common Stock, which
represent approximately 10.7% of Winnebago's issued and outstanding
Common Stock. The Revocable Trust, of which John V. Hanson, Mary Joan
Boman and Paul D. Hanson (each an "INDIVIDUAL TRUSTEE" and
collectively, the "INDIVIDUAL TRUSTEES") and Bessemer Trust Company
(the "CORPORATE TRUSTEE") are co-trustees, is a member of HCP and has a
64.4% membership interest in HCP.
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+ Adjusted to reflect the 2 for 1 dividend of Winnebago's Common Stock effective
March 5, 2004.
CUSIP No. 974637100 Page 6
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(b) By virtue of the Revocable Trust's 64.4% membership interest in HCP, a
majority of the Individual Trustees together with the Corporate Trustee
have sole voting power with respect to 3,626,212+ shares of Common
Stock of which HCP is the beneficial owner. A majority of the
Individual Trustees together with the Corporate Trustee have sole
dispositive power with respect to the 3,626,212+ shares of Common Stock
of which HCP is the beneficial owner, except that disposition of all or
substantially all of those shares requires the unanimous approval of
all members of HCP.
(c) Except for (i) the transactions described in Item 4, (ii) the sale of
an aggregate of 240,000 shares of Common Stock by HCP on March 18, 2004
and March 19, 2004, as reported on Schedule 13D (Amendment No. 27),
(iii) the sale of an aggregate of 103,400 shares of Common Stock by HCP
on March 11, 2004 and March 12, 2004, as reported on Schedule 13D
(Amendment No. 26), (iv) the sale of an aggregate of 152,200 shares of
Common Stock by HCP on March 9, 2004 and March 10, 2004, as reported on
Schedule 13D (Amendment No. 25), (v) the sale of 25,000 shares of
Common Stock by HCP on March 5, 2004, as reported on Schedule 13D
(Amendment No. 24), (vi) the sale of 46,100 shares of Common Stock by
HCP on March 4, 2004, as reported on Schedule 13D (Amendment No. 23),
and (vii) the sale of 24,000 shares of Common Stock by HCP on January
26, 2004, as reported on Schedule 13D (Amendment No. 21); none of HCP,
John V. Hanson, Mary Joan Boman or Paul D. Hanson has had any
transactions in Common Stock during the past 60 days.
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER
The Hanson Capital Partners L.L.C. Limited Liability Company Agreement
provides that members of HCP shall manage HCP and any action taken by the
members under such Agreement requires the consent of members representing a
majority of the member percentage interests, except that certain actions, such
as the disposition of all or substantially all of HCP's assets, requires the
unanimous approval of all members of HCP.
On February 12, 2004, HCP entered into the Trading Plan with Bessemer
Trust Company. HCP intends to sell up to 2,428,900 shares of Common Stock at a
minimum price of $30.00 per share pursuant to the Trading Plan. The maximum
number of shares of Common Stock that may be sold under the Trading Plan and the
minimum price at which each share of Common Stock described in the preceding
sentence were adjusted automatically on a proportionate basis to take into
account a 2 for 1 dividend of Winnebago's Common Stock on March 5, 2004. The
Trading
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+ Adjusted to reflect the 2 for 1 dividend of Winnebago's Common Stock effective
March 5, 2004.
CUSIP No. 974637100 Page 7
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Plan terminates on July 31, 2004, unless terminated earlier in
accordance with its terms. HCP entered into the Trading Plan as a continuing
part of its investment portfolio diversification plan.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None.
CUSIP No. 974637100 Page 8
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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.
HANSON CAPITAL PARTNERS, L.L.C.
March 29, 2004 /s/ John V. Hanson
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(Date) John V. Hanson, as Managing Director
March 29, 2004 /s/ Mary Joan Boman
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(Date) Mary Joan Boman, as Managing Director
March 29, 2004 /s/ Paul D. Hanson
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(Date) Paul D. Hanson, as Managing Director
CUSIP No. 974637100 Page 9
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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.
March 29, 2004 /s/ Mary Joan Boman
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(Date) Mary Joan Boman
CUSIP No. 974637100 Page 10
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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.
March 29, 2004 /s/ John V. Hanson
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(Date) John V. Hanson
CUSIP No. 974637100 Page 11
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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.
March 29, 2004 /s/ Paul D. Hanson
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(Date) Paul D. Hanson