SC 13D/A 1 tp13974577-13da25.txt AMENDMENT NO. 25 TO SCHEDULE 13D 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.