================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________ SCHEDULE 13D Under the Securities Exchange Act of 1934 (AMENDMENT NO. 2) _______________________ PLAYTEX PRODUCTS, INC. (Name of Issuer) COMMON STOCK, PAR VALUE $.01 PER SHARE (Title of Class of Securities) 72813P 100 (CUSIP Number) _______________________ ROBERT B. HAAS C/O HAAS WHEAT & PARTNERS, L.P. 300 CRESCENT COURT, SUITE 1700 DALLAS, TEXAS 75201 TEL. NO.: (214) 871-8300 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) _______________________ October 2, 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 Rule 13d-1(e), 13d-1(f) or 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 (however, see the Notes). ================================================================================ ---------------------- --------------------- CUSIP NO. 72813P 100 SCHEDULE 13D Page 2 of 17 Pages ---------------------- --------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON HWH Capital Partners, L.P. -------------------------------------------------------------------------------- 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 NUMBER OF 8,055,555 SHARES ------------------------------------------------ BENEFICIALLY OWNED 8 SHARED VOTING POWER BY EACH REPORTING -0- PERSON ------------------------------------------------ WITH 9 SOLE DISPOSITIVE POWER 8,055,555 ------------------------------------------------ 10 SHARED DISPOSITIVE POWER -0- -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,055,555 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.2% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN -------------------------------------------------------------------------------- ---------------------- --------------------- CUSIP NO. 72813P 100 SCHEDULE 13D Page 3 of 17 Pages ---------------------- --------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON HWH Valentine Partners, L.P. -------------------------------------------------------------------------------- 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 NUMBER OF 9,028,482 SHARES ------------------------------------------------ BENEFICIALLY OWNED 8 SHARED VOTING POWER BY EACH REPORTING -0- PERSON ------------------------------------------------ WITH 9 SOLE DISPOSITIVE POWER 9,028,482 ------------------------------------------------ 10 SHARED DISPOSITIVE POWER -0- -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,028,482 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.7% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN -------------------------------------------------------------------------------- ----------------------- --------------------- CUSIP NO. 72813P 100 SCHEDULE 13D Page 4 of 17 Pages ----------------------- --------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON HWH Surplus Valentine Partners, L.P. -------------------------------------------------------------------------------- 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 NUMBER OF -0- SHARES ------------------------------------------------ BENEFICIALLY OWNED 8 SHARED VOTING POWER BY EACH REPORTING 2,915,963 PERSON ------------------------------------------------ WITH 9 SOLE DISPOSITIVE POWER -0- ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 2,915,963 -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,915,963 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.8% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN -------------------------------------------------------------------------------- ----------------------- --------------------- CUSIP NO. 72813P 100 SCHEDULE 13D Page 5 of 17 Pages ----------------------- --------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON HWH, L.P. -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 8,055,555 SHARES ------------------------------------------------ BENEFICIALLY OWNED 8 SHARED VOTING POWER BY EACH REPORTING -0- PERSON ------------------------------------------------ WITH 9 SOLE DISPOSITIVE POWER 8,055,555 ------------------------------------------------ 10 SHARED DISPOSITIVE POWER -0- -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,055,555 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.2% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN -------------------------------------------------------------------------------- ----------------------- --------------------- CUSIP NO. 72813P 100 SCHEDULE 13D Page 6 of 17 Pages ----------------------- --------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON HWH Valentine, L.P. -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 9,028,482 SHARES ------------------------------------------------ BENEFICIALLY OWNED 8 SHARED VOTING POWER BY EACH REPORTING 2,915,963 PERSON ------------------------------------------------ WITH 9 SOLE DISPOSITIVE POWER 9,028,482 ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 2,915,963 -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,944,445 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 19.5% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN -------------------------------------------------------------------------------- ----------------------- --------------------- CUSIP NO. 72813P 100 SCHEDULE 13D Page 7 of 17 Pages ----------------------- --------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON HWH Incorporated -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 8,055,555 SHARES ------------------------------------------------ BENEFICIALLY OWNED 8 SHARED VOTING POWER BY EACH REPORTING -0- PERSON ------------------------------------------------ WITH 9 SOLE DISPOSITIVE POWER 8,055,555 ------------------------------------------------ 10 SHARED DISPOSITIVE POWER -0- -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,055,555 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.2% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IV -------------------------------------------------------------------------------- ----------------------- --------------------- CUSIP NO. 72813P 100 SCHEDULE 13D Page 8 of 17 Pages ----------------------- --------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON HWH Valentine Incorporated -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 9,028,482 SHARES ------------------------------------------------ BENEFICIALLY OWNED 8 SHARED VOTING POWER BY EACH REPORTING 2,915,963 PERSON ------------------------------------------------ WITH 9 SOLE DISPOSITIVE POWER 9,028,482 ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 2,915,963 -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,944,445 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 19.5% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IV -------------------------------------------------------------------------------- ----------------------- --------------------- CUSIP NO. 72813P 100 SCHEDULE 13D Page 9 of 17 Pages ----------------------- --------------------- -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Robert B. Haas -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 17,084,037 SHARES ------------------------------------------------ BENEFICIALLY OWNED 8 SHARED VOTING POWER BY EACH REPORTING 2,915,963 PERSON ------------------------------------------------ WITH 9 SOLE DISPOSITIVE POWER 17,084,037 ------------------------------------------------ 10 SHARED DISPOSITIVE POWER 2,915,963 -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 20,000,000 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 32.7% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN -------------------------------------------------------------------------------- ----------------------- --------------------- CUSIP NO. 72813P 100 SCHEDULE 13D Page 10 of 17 Pages ----------------------- --------------------- Pursuant to Rule 13d-2(a) of Regulation 13D-G of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended (the "Act"), the undersigned hereby amend their Schedule 13D Statement dated June 6, 1995, as amended by Amendment No. 1 dated June 8, 1998 (the "Schedule 13D"). Unless otherwise indicated, all defined terms used herein shall have the same meanings respectively ascribed to them in the Schedule 13D. ITEM 1. SECURITY AND ISSUER. No material change. ITEM 2. IDENTITY AND BACKGROUND. (a), (b), (c) and (f) are hereby amended as follows: (a), (b), (c) and (f). The names and addresses of the persons filing this Schedule are as follows: HWH Capital Partners, L.P. ("HWHCP"), a Delaware limited partnership, whose address is c/o Haas Wheat & Partners, L.P., 300 Crescent Court, Suite 1700, Dallas, Texas 75201, and which is a private investment partnership; HWH Valentine Partners, L.P. ("HWHVP"), a Delaware limited partnership, whose address is c/o Haas Wheat & Partners, L.P., 300 Crescent Court, Suite 1700, Dallas, Texas 75201, and which is a private investment partnership; HWH Surplus Valentine Partners, L.P. ("HWHSVP"), a Delaware limited partnership, whose address is c/o Haas Wheat & Partners, L.P., 300 Crescent Court, Suite 1700, Dallas, Texas 75201, and which is a private investment partnership; HWH, L.P. ("HWHLP"), a Delaware limited partnership, whose address is c/o Haas Wheat & Partners, L.P., 300 Crescent Court, Suite 1700, Dallas, Texas 75201, and which acts as the sole general partner of HWHCP; HWH Valentine, L.P. ("HWHV"), a Delaware limited partnership, the general partner of HWHVP and HWHSVP, whose address is c/o Haas Wheat & Partners, L.P., 300 Crescent Court, Suite 1700, Dallas, Texas 75201, and which acts as the sole general partner of HWHVP and HWHSVP; HWH Incorporated ("HWHI"), a Delaware corporation, whose address is c/o Haas Wheat & Partners, L.P., 300 Crescent Court, Suite 1700, Dallas, Texas 75201, and which acts as the sole general partner of HWHLP; HWH Valentine Incorporated ("HWHVI"), a Delaware corporation, the general partner of HWHV, whose address is c/o Haas Wheat & Partners, L.P., 300 Crescent Court, Suite 1700, Dallas, Texas 75201, and which acts as the sole general partner of HWHV; and ----------------------- --------------------- CUSIP NO. 72813P 100 SCHEDULE 13D Page 11 of 17 Pages ----------------------- --------------------- Robert B. Haas, whose address is c/o Haas Wheat & Partners, L.P., 300 Crescent Court, Suite 1700, Dallas, Texas 75201. Robert B. Haas and Douglas D. Wheat are the sole stockholders of HWHI. Robert B. Haas and Douglas D. Wheat are the sole stockholders of HWHVI. The sole general partner of HWHCP, HWHVP and HWHSVP is HWHLP, HWHV and HWHV, respectively, and the sole general partner of each of such limited partnerships is HWHI, HWHVI and HWHVI, respectively, each of which is a corporation controlled by Mr. Haas. Information in response to Items (a) through (c) and (f) with respect to Messrs. Haas and Wheat is set forth in Appendix I, attached hereto and incorporated by reference herein. The above named persons are sometimes referred to as the "Reporting Parties." HWHCP, HWHVP and HWHSVP are referred to collectively, as the "Investors." (d) and (e). No material change. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION No material change. ITEM 4. PURPOSE OF THE TRANSACTION. No material change. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) and (b) are hereby amended as follows: (a) and (b). The aggregate percentage of shares of Common Stock reported owned by each person herein is based upon the information contained in the Company's Form 10-Q filed on August 4, 2004. As of the close of business on October 1, 2004: Name of Reporting Party: ----------------------- --------------------- CUSIP NO. 72813P 100 SCHEDULE 13D Page 12 of 17 Pages ----------------------- --------------------- HWH CAPITAL PARTNERS, L.P. -------------------------------------------------------------------------------- (a) Aggregate Number of Securities Owned 8,055,555 -------------------------------------------------------------------------------- (b) Percentage 13.2% -------------------------------------------------------------------------------- 1. Sole power to vote or to direct the vote 8,055,555 -------------------------------------------------------------------------------- 2. Shared power to vote or to direct the vote 0 -------------------------------------------------------------------------------- 3. Sole power to dispose or to direct the 8,055,555 disposition -------------------------------------------------------------------------------- 4. Shared power to dispose of or to direct 0 the disposition -------------------------------------------------------------------------------- HWH VALENTINE PARTNERS, L.P. -------------------------------------------------------------------------------- (a) Aggregate Number of Securities Owned 9,028,482 -------------------------------------------------------------------------------- (b) Percentage 14.7% -------------------------------------------------------------------------------- 1. Sole power to vote or to direct the vote 9,028,482 -------------------------------------------------------------------------------- 2. Shared power to vote or to direct the vote 0 -------------------------------------------------------------------------------- 3. Sole power to dispose or to direct the 9,028,482 disposition -------------------------------------------------------------------------------- 4. Shared power to dispose of or to direct the 0 disposition -------------------------------------------------------------------------------- HWH SURPLUS VALENTINE PARTNERS, L.P. -------------------------------------------------------------------------------- (a) Aggregate Number of Securities Owned 2,915,963 -------------------------------------------------------------------------------- (b) Percentage 4.8% -------------------------------------------------------------------------------- 1. Sole power to vote or to direct the vote 0 -------------------------------------------------------------------------------- 2. Shared power to vote or to direct the vote 2,915,963 -------------------------------------------------------------------------------- 3. Sole power to dispose or to direct the 0 disposition -------------------------------------------------------------------------------- 4. Shared power to dispose of or to direct the 2,915,963 disposition -------------------------------------------------------------------------------- ----------------------- --------------------- CUSIP NO. 72813P 100 SCHEDULE 13D Page 13 of 17 Pages ----------------------- --------------------- HWH, L.P. -------------------------------------------------------------------------------- (a) Aggregate Number of Securities Owned 8,055,555 -------------------------------------------------------------------------------- (b) Percentage 13.2% -------------------------------------------------------------------------------- 1. Sole power to vote or to direct the vote 8,055,555 -------------------------------------------------------------------------------- 2. Shared power to vote or to direct the vote 0 -------------------------------------------------------------------------------- 3. Sole power to dispose or to direct the 8,055,555 disposition -------------------------------------------------------------------------------- 4. Shared power to dispose of or to direct the 0 disposition -------------------------------------------------------------------------------- HWH VALENTINE, L.P. -------------------------------------------------------------------------------- (a) Aggregate Number of Securities Owned 11,944,445 -------------------------------------------------------------------------------- (b) Percentage 19.5% -------------------------------------------------------------------------------- 1. Sole power to vote or to direct the vote 9,028,482 -------------------------------------------------------------------------------- 2. Shared power to vote or to direct the vote 2,915,963 -------------------------------------------------------------------------------- 3. Sole power to dispose or to direct the 9,028,482 disposition -------------------------------------------------------------------------------- 4. Shared power to dispose of or to direct the 2,915,963 disposition -------------------------------------------------------------------------------- HWH INCORPORATED -------------------------------------------------------------------------------- (a) Aggregate Number of Securities Owned 8,055,555 -------------------------------------------------------------------------------- (b) Percentage 13.2% -------------------------------------------------------------------------------- 1. Sole power to vote or to direct the vote 8,055,555 -------------------------------------------------------------------------------- 2. Shared power to vote or to direct the vote 0 -------------------------------------------------------------------------------- 3. Sole power to dispose or to direct the 8,055,555 disposition -------------------------------------------------------------------------------- 4. Shared power to dispose of or to direct the 0 disposition -------------------------------------------------------------------------------- ----------------------- --------------------- CUSIP NO. 72813P 100 SCHEDULE 13D Page 14 of 17 Pages ----------------------- --------------------- HWH VALENTINE INCORPORATED -------------------------------------------------------------------------------- (a) Aggregate Number of Securities Owned 11,944,445 -------------------------------------------------------------------------------- (b) Percentage 19.5% -------------------------------------------------------------------------------- 1. Sole power to vote or to direct the vote 9,028,482 -------------------------------------------------------------------------------- 2. Shared power to vote or to direct the vote 2,915,963 -------------------------------------------------------------------------------- 3. Sole power to dispose or to direct the 9,028,482 disposition -------------------------------------------------------------------------------- 4. Shared power to dispose of or to direct the 2,915,963 disposition -------------------------------------------------------------------------------- ROBERT B. HAAS -------------------------------------------------------------------------------- (a) Aggregate Number of Securities Owned 20,000,000 -------------------------------------------------------------------------------- (b) Percentage 32.7% -------------------------------------------------------------------------------- 1. Sole power to vote or to direct the vote 17,084,037 -------------------------------------------------------------------------------- 2. Shared power to vote or to direct the vote 2,915,963 -------------------------------------------------------------------------------- 3. Sole power to dispose or to direct the 17,084,037 disposition -------------------------------------------------------------------------------- 4. Shared power to dispose of or to direct the 2,915,963 disposition -------------------------------------------------------------------------------- (c), (d) and (e). No material change. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER Item 6 is amended by adding at the end thereof the following: AGREEMENT WITH NEIL DEFEO On October 2, 2004, Haas Wheat & Partners, L.P. ("Haas Wheat"), an affiliate of the Reporting Parties, entered into an agreement (the "DeFeo Agreement") with Neil DeFeo, the newly appointed President and Chief Executive Officer of the Company. Under the DeFeo Agreement, Haas Wheat agreed to vote all shares of Common Stock that it beneficially owns in favor of the approval of the Bonus Plan and ----------------------- --------------------- CUSIP NO. 72813P 100 SCHEDULE 13D Page 15 of 17 Pages ----------------------- --------------------- the Stock Plan (as such terms are used in the DeFeo Agreement) in connection with the Company seeking stockholder approval of such plans. This discussion of the DeFeo Agreement is qualified in its entirety by reference to the DeFeo Agreement, which is attached hereto as Exhibit 99.2. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS -------------------------------------------------------------------------------- EXHIBIT NUMBER DESCRIPTION -------------------------------------------------------------------------------- 99.1 Joint Filing Agreement, dated October 5, 2004, among HWH Capital Partners, L.P., HWH Valentine Partners, L.P., HWH Surplus Valentine Partners, L.P., HWH, L.P., HWH Valentine, L.P., HWH Incorporated, HWH Valentine Incorporated and Robert B. Haas -------------------------------------------------------------------------------- 99.2 Agreement dated October 2, 2004, between Haas Wheat & Partners, L.P. and Neil P. DeFeo -------------------------------------------------------------------------------- ----------------------- --------------------- CUSIP NO. 72813P 100 SCHEDULE 13D Page 16 of 17 Pages ----------------------- --------------------- SIGNATURES 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. October 5, 2004 HWH CAPITAL PARTNERS, L.P. By: HWH, L.P., its general partner By: HWH Incorporated, its general partner By: /s/ Douglas D. Wheat ------------------------------------ Name: Douglas D. Wheat Title: President HWH VALENTINE PARTNERS, L.P. By: HWH Valentine, L.P., its general partner By: HWH Valentine Incorporated, its general partner By: /s/ Douglas D. Wheat ------------------------------------ Name: Douglas D. Wheat Title: President HWH SURPLUS VALENTINE PARTNERS, L.P. By: HWH Valentine, L.P., its general partner By: HWH Valentine Incorporated, its general partner By: /s/ Douglas D. Wheat ------------------------------------ Name: Douglas D. Wheat Title: President ----------------------- --------------------- CUSIP NO. 72813P 100 SCHEDULE 13D Page 17 of 17 Pages ----------------------- --------------------- HWH, L.P. By: HWH Incorporated, its general partner By: /s/ Douglas D. Wheat ------------------------------------ Name: Douglas D. Wheat Title: President HWH VALENTINE, L.P. By: HWH Valentine Incorporated, its general partner By: /s/ Douglas D. Wheat ------------------------------------ Name: Douglas D. Wheat Title: President HWH INCORPORATED By: /s/ Douglas D. Wheat ------------------------------------ Name: Douglas D. Wheat Title: President HWH VALENTINE INCORPORATED By: /s/ Douglas D. Wheat ------------------------------------ Name: Douglas D. Wheat Title: President /s/ Robert B. Haas ------------------------------------------ Robert B. Haas