UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 10)*
Wendy's International, Inc.
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(Name of Issuer)
Common Stock, $.10 stated value
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(Title of Class of Securities)
950590109
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(CUSIP Number)
Brian L. Schorr, Esq.
Trian Fund Management, L.P.
280 Park Avenue, 41st Floor
New York, New York 10017
(212) 451-3000
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 10, 2007
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(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).
CUSIP NO.: 950590109
(1) NAMES OF REPORTING PERSONS
Trian Fund Management, L.P.
SS. or I.R.S. Identification No. of Above Person: 20-3454182
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(2) Check the Appropriate Box (a) X
if a Member of a -------------------------------------
Group (b)
-------------------------------------
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds OO
--------------------------------------------------------------------------------
(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 Delaware
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Number of Shares (7) Sole Voting Power 0
Beneficially Owned by -------------------------------------------------------
Each Reporting Person (8) Shared Voting Power 8,553,800
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(9) Sole Dispositive Power 0
-------------------------------------------------------
(10)Shared Dispositive Power 8,553,800
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(11) Aggregate Amount
Beneficially Owned by Each
Reporting Person 8,553,800
--------------------------------------------------------------------------------
(12) Check Box if the Aggregate Amount in [ ]
Row (11) Excludes Certain Shares
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in 9.8%
Row (11)
--------------------------------------------------------------------------------
(14) Type of Reporting Person PN
CUSIP NO.: 950590109
(1) NAMES OF REPORTING PERSONS
Trian Fund Management GP, LLC
SS. or I.R.S. Identification No. of Above Person: 20-3454087
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(2) Check the Appropriate Box (a) X
if a Member of a -------------------------------------
Group (b)
-------------------------------------
--------------------------------------------------------------------------------
(3) SEC Use Only
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(4) Source of Funds OO
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal [ ]
Proceedings is Required
Pursuant to Items 2(d) or 2(e)
--------------------------------------------------------------------------------
(6) Citizenship or Place of
Organization Delaware
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Number of Shares (7) Sole Voting Power 0
Beneficially Owned by -------------------------------------------------------
Each Reporting Person (8) Shared Voting Power 8,553,800
-------------------------------------------------------
(9) Sole Dispositive Power 0
-------------------------------------------------------
(10)Shared Dispositive Power 8,553,800
--------------------------------------------------------------------------------
(11) Aggregate Amount
Beneficially Owned by Each
Reporting Person 8,553,800
--------------------------------------------------------------------------------
(12) Check Box if the Aggregate Amount in [ ]
Row (11) Excludes Certain Shares
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in 9.8%
Row (11)
--------------------------------------------------------------------------------
(14) Type of Reporting Person OO
CUSIP NO.: 950590109
(1) NAMES OF REPORTING PERSONS
Trian Partners GP, L.P.
SS. or I.R.S. Identification No. of Above Person: 20-3453775
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(2) Check the Appropriate Box (a) X
if a Member of a -------------------------------------
Group (b)
-------------------------------------
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds OO
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal [ ]
Proceedings is Required
Pursuant to Items 2(d) or 2(e)
--------------------------------------------------------------------------------
(6) Citizenship or Place of
Organization Delaware
--------------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power 0
Beneficially Owned by -------------------------------------------------------
Each Reporting Person (8) Shared Voting Power 4,220,004
-------------------------------------------------------
(9) Sole Dispositive Power 0
-------------------------------------------------------
(10)Shared Dispositive Power 4,220,004
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(11) Aggregate Amount
Beneficially Owned by Each
Reporting Person 4,220,004
--------------------------------------------------------------------------------
(12) Check Box if the Aggregate Amount in [ ]
Row (11) Excludes Certain Shares
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in 4.8%
Row (11)
--------------------------------------------------------------------------------
(14) Type of Reporting Person PN
CUSIP NO.: 950590109
(1) NAMES OF REPORTING PERSONS
Trian Partners General Partner, LLC
SS. or I.R.S. Identification No. of Above Person: 20-3453595
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(2) Check the Appropriate Box (a) X
if a Member of a -------------------------------------
Group (b)
-------------------------------------
--------------------------------------------------------------------------------
(3) SEC Use Only
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(4) Source of Funds OO
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal [ ]
Proceedings is Required
Pursuant to Items 2(d) or 2(e)
--------------------------------------------------------------------------------
(6) Citizenship or Place of
Organization Delaware
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Number of Shares (7) Sole Voting Power 0
Beneficially Owned by -------------------------------------------------------
Each Reporting Person (8) Shared Voting Power 4,220,004
-------------------------------------------------------
(9) Sole Dispositive Power 0
-------------------------------------------------------
(10)Shared Dispositive Power 4,220,004
--------------------------------------------------------------------------------
(11) Aggregate Amount
Beneficially Owned by Each
Reporting Person 4,220,004
--------------------------------------------------------------------------------
(12) Check Box if the Aggregate Amount in [ ]
Row (11) Excludes Certain Shares
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in 4.8%
Row (11)
--------------------------------------------------------------------------------
(14) Type of Reporting Person OO
CUSIP NO.: 950590109
(1) NAMES OF REPORTING PERSONS
Trian Partners, L.P.
SS. or I.R.S. Identification No. of Above Person: 20-3453988
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(2) Check the Appropriate Box (a) X
if a Member of a -------------------------------------
Group (b)
-------------------------------------
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds WC
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal [ ]
Proceedings is Required
Pursuant to Items 2(d) or 2(e)
--------------------------------------------------------------------------------
(6) Citizenship or Place of
Organization Delaware
--------------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power 0
Beneficially Owned by -------------------------------------------------------
Each Reporting Person (8) Shared Voting Power 952,519
-------------------------------------------------------
(9) Sole Dispositive Power 0
-------------------------------------------------------
(10)Shared Dispositive Power 952,519
--------------------------------------------------------------------------------
(11) Aggregate Amount
Beneficially Owned by Each
Reporting Person 952,519
--------------------------------------------------------------------------------
(12) Check Box if the Aggregate Amount in [ ]
Row (11) Excludes Certain Shares
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in 1.1%
Row (11)
--------------------------------------------------------------------------------
(14) Type of Reporting Person PN
CUSIP NO.: 950590109
(1) NAMES OF REPORTING PERSONS
Trian Partners Master Fund, L.P.
SS. or I.R.S. Identification No. of Above Person: 98-0468601
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(2) Check the Appropriate Box (a) X
if a Member of a -------------------------------------
Group (b)
-------------------------------------
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds WC
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal [ ]
Proceedings is Required
Pursuant to Items 2(d) or 2(e)
--------------------------------------------------------------------------------
(6) Citizenship or Place of
Organization Cayman Islands
--------------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power 0
Beneficially Owned by -------------------------------------------------------
Each Reporting Person (8) Shared Voting Power 3,261,527
-------------------------------------------------------
(9) Sole Dispositive Power 0
-------------------------------------------------------
(10)Shared Dispositive Power 3,261,527
--------------------------------------------------------------------------------
(11) Aggregate Amount
Beneficially Owned by Each
Reporting Person 3,261,527
--------------------------------------------------------------------------------
(12) Check Box if the Aggregate Amount in [ ]
Row (11) Excludes Certain Shares
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in 3.7%
Row (11)
--------------------------------------------------------------------------------
(14) Type of Reporting Person PN
CUSIP NO.: 950590109
(1) NAMES OF REPORTING PERSONS
Trian Partners Master Fund (Non-ERISA), L.P.
SS. or I.R.S. Identification No. of Above Person: 98-0471467
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(2) Check the Appropriate Box (a) X
if a Member of a -------------------------------------
Group (b)
-------------------------------------
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds WC
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal [ ]
Proceedings is Required
Pursuant to Items 2(d) or 2(e)
--------------------------------------------------------------------------------
(6) Citizenship or Place of
Organization Cayman Islands
--------------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power 0
Beneficially Owned by -------------------------------------------------------
Each Reporting Person (8) Shared Voting Power 5,958
-------------------------------------------------------
(9) Sole Dispositive Power 0
-------------------------------------------------------
(10)Shared Dispositive Power 5,958
--------------------------------------------------------------------------------
(11) Aggregate Amount
Beneficially Owned by Each
Reporting Person 5,958
--------------------------------------------------------------------------------
(12) Check Box if the Aggregate Amount in [ ]
Row (11) Excludes Certain Shares
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in 0.0%
Row (11)
--------------------------------------------------------------------------------
(14) Type of Reporting Person PN
CUSIP NO.: 950590109
(1) NAMES OF REPORTING PERSONS
Trian Partners Parallel Fund I, L.P.
SS. or I.R.S. Identification No. of Above Person: 20-3694154
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(2) Check the Appropriate Box (a) X
if a Member of a -------------------------------------
Group (b)
-------------------------------------
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds WC
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal [ ]
Proceedings is Required
Pursuant to Items 2(d) or 2(e)
--------------------------------------------------------------------------------
(6) Citizenship or Place of
Organization Delaware
--------------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power 0
Beneficially Owned by -------------------------------------------------------
Each Reporting Person (8) Shared Voting Power 135,712
-------------------------------------------------------
(9) Sole Dispositive Power 0
-------------------------------------------------------
(10)Shared Dispositive Power 135,712
--------------------------------------------------------------------------------
(11) Aggregate Amount
Beneficially Owned by Each
Reporting Person 135,712
--------------------------------------------------------------------------------
(12) Check Box if the Aggregate Amount in [ ]
Row (11) Excludes Certain Shares
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in 0.2%
Row (11)
--------------------------------------------------------------------------------
(14) Type of Reporting Person PN
CUSIP NO.: 950590109
(1) NAMES OF REPORTING PERSONS
Trian Partners Parallel Fund I General Partner, LLC
SS. or I.R.S. Identification No. of Above Person: 20-3694293
--------------------------------------------------------------------------------
(2) Check the Appropriate Box (a) X
if a Member of a -------------------------------------
Group (b)
-------------------------------------
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds OO
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal [ ]
Proceedings is Required
Pursuant to Items 2(d) or 2(e)
--------------------------------------------------------------------------------
(6) Citizenship or Place of
Organization Delaware
--------------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power 0
Beneficially Owned by -------------------------------------------------------
Each Reporting Person (8) Shared Voting Power 135,712
-------------------------------------------------------
(9) Sole Dispositive Power 0
-------------------------------------------------------
(10)Shared Dispositive Power 135,712
--------------------------------------------------------------------------------
(11) Aggregate Amount
Beneficially Owned by Each
Reporting Person 135,712
--------------------------------------------------------------------------------
(12) Check Box if the Aggregate Amount in [ ]
Row (11) Excludes Certain Shares
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in 0.2%
Row (11)
--------------------------------------------------------------------------------
(14) Type of Reporting Person OO
CUSIP NO.: 950590109
(1) NAMES OF REPORTING PERSONS
Trian Partners Parallel Fund II, L.P.
SS. or I.R.S. Identification No. of Above Person: 87-0763105
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(2) Check the Appropriate Box (a) X
if a Member of a -------------------------------------
Group (b)
-------------------------------------
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds WC
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal [ ]
Proceedings is Required
Pursuant to Items 2(d) or 2(e)
--------------------------------------------------------------------------------
(6) Citizenship or Place of
Organization Delaware
--------------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power 0
Beneficially Owned by -------------------------------------------------------
Each Reporting Person (8) Shared Voting Power 30,751
-------------------------------------------------------
(9) Sole Dispositive Power 0
-------------------------------------------------------
(10)Shared Dispositive Power 30,751
--------------------------------------------------------------------------------
(11) Aggregate Amount
Beneficially Owned by Each
Reporting Person 30,751
--------------------------------------------------------------------------------
(12) Check Box if the Aggregate Amount in [ ]
Row (11) Excludes Certain Shares
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in 0.0%
Row (11)
--------------------------------------------------------------------------------
(14) Type of Reporting Person PN
CUSIP NO.: 950590109
(1) NAMES OF REPORTING PERSONS
Trian Partners Parallel Fund II, GP, L.P.
SS. or I.R.S. Identification No. of Above Person: 87-0763102
--------------------------------------------------------------------------------
(2) Check the Appropriate Box (a) X
if a Member of a -------------------------------------
Group (b)
-------------------------------------
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds OO
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal [ ]
Proceedings is Required
Pursuant to Items 2(d) or 2(e)
--------------------------------------------------------------------------------
(6) Citizenship or Place of
Organization Delaware
--------------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power 0
Beneficially Owned by -------------------------------------------------------
Each Reporting Person (8) Shared Voting Power 30,751
-------------------------------------------------------
(9) Sole Dispositive Power 0
-------------------------------------------------------
(10)Shared Dispositive Power 30,751
--------------------------------------------------------------------------------
(11) Aggregate Amount
Beneficially Owned by Each
Reporting Person 30,751
--------------------------------------------------------------------------------
(12) Check Box if the Aggregate Amount in [ ]
Row (11) Excludes Certain Shares
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in 0.0%
Row (11)
--------------------------------------------------------------------------------
(14) Type of Reporting Person PN
CUSIP NO.: 950590109
(1) NAMES OF REPORTING PERSONS
Trian Partners Parallel Fund II General Partner, LLC
SS. or I.R.S. Identification No. of Above Person: 87-0763099
--------------------------------------------------------------------------------
(2) Check the Appropriate Box (a) X
if a Member of a -------------------------------------
Group (b)
-------------------------------------
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds OO
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal [ ]
Proceedings is Required
Pursuant to Items 2(d) or 2(e)
--------------------------------------------------------------------------------
(6) Citizenship or Place of
Organization Delaware
--------------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power 0
Beneficially Owned by -------------------------------------------------------
Each Reporting Person (8) Shared Voting Power 30,751
-------------------------------------------------------
(9) Sole Dispositive Power 0
-------------------------------------------------------
(10)Shared Dispositive Power 30,751
--------------------------------------------------------------------------------
(11) Aggregate Amount
Beneficially Owned by Each
Reporting Person 30,751
--------------------------------------------------------------------------------
(12) Check Box if the Aggregate Amount in [ ]
Row (11) Excludes Certain Shares
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in 0.0%
Row (11)
--------------------------------------------------------------------------------
(14) Type of Reporting Person OO
CUSIP NO.: 950590109
(1) NAMES OF REPORTING PERSONS
Triarc Companies, Inc.
SS. or I.R.S. Identification No. of Above Person: 38-0471180
--------------------------------------------------------------------------------
(2) Check the Appropriate Box (a) X
if a Member of a -------------------------------------
Group (b)
-------------------------------------
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal [ ]
Proceedings is Required
Pursuant to Items 2(d) or 2(e)
--------------------------------------------------------------------------------
(6) Citizenship or Place of
Organization Delaware
--------------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power 0
Beneficially Owned by -------------------------------------------------------
Each Reporting Person (8) Shared Voting Power 0
-------------------------------------------------------
(9) Sole Dispositive Power 0
-------------------------------------------------------
(10)Shared Dispositive Power 0
--------------------------------------------------------------------------------
(11) Aggregate Amount
Beneficially Owned by Each
Reporting Person 0
--------------------------------------------------------------------------------
(12) Check Box if the Aggregate Amount in [ ]
Row (11) Excludes Certain Shares
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in 0%
Row (11)
--------------------------------------------------------------------------------
(14) Type of Reporting Person CO
CUSIP NO.: 950590109
(1) NAMES OF REPORTING PERSONS
Nelson Peltz
SS. or I.R.S. Identification No. of Above Person:
--------------------------------------------------------------------------------
(2) Check the Appropriate Box (a) X
if a Member of a -------------------------------------
Group (b)
-------------------------------------
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds OO
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal [ ]
Proceedings is Required
Pursuant to Items 2(d) or 2(e)
--------------------------------------------------------------------------------
(6) Citizenship or Place of
Organization USA
--------------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power 0
Beneficially Owned by -------------------------------------------------------
Each Reporting Person (8) Shared Voting Power 8,553,800
-------------------------------------------------------
(9) Sole Dispositive Power 0
-------------------------------------------------------
(10)Shared Dispositive Power 8,553,800
--------------------------------------------------------------------------------
(11) Aggregate Amount
Beneficially Owned by Each
Reporting Person 8,553,800
--------------------------------------------------------------------------------
(12) Check Box if the Aggregate Amount in [ ]
Row (11) Excludes Certain Shares
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in 9.8%
Row (11)
--------------------------------------------------------------------------------
(14) Type of Reporting Person IN
CUSIP NO.: 950590109
(1) NAMES OF REPORTING PERSONS
Peter W. May
SS. or I.R.S. Identification No. of Above Person:
--------------------------------------------------------------------------------
(2) Check the Appropriate Box (a) X
if a Member of a -------------------------------------
Group (b)
-------------------------------------
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds OO
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal [ ]
Proceedings is Required
Pursuant to Items 2(d) or 2(e)
--------------------------------------------------------------------------------
(6) Citizenship or Place of
Organization USA
--------------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power 0
Beneficially Owned by -------------------------------------------------------
Each Reporting Person (8) Shared Voting Power 8,553,800
-------------------------------------------------------
(9) Sole Dispositive Power 0
-------------------------------------------------------
(10)Shared Dispositive Power 8,553,800
--------------------------------------------------------------------------------
(11) Aggregate Amount
Beneficially Owned by Each
Reporting Person 8,553,800
--------------------------------------------------------------------------------
(12) Check Box if the Aggregate Amount in [ ]
Row (11) Excludes Certain Shares
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in 9.8%
Row (11)
--------------------------------------------------------------------------------
(14) Type of Reporting Person IN
CUSIP NO.: 950590109
(1) NAMES OF REPORTING PERSONS
Edward P. Garden
SS. or I.R.S. Identification No. of Above Person:
--------------------------------------------------------------------------------
(2) Check the Appropriate Box (a) X
if a Member of a -------------------------------------
Group (b)
-------------------------------------
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds OO
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal [ ]
Proceedings is Required
Pursuant to Items 2(d) or 2(e)
--------------------------------------------------------------------------------
(6) Citizenship or Place of
Organization USA
--------------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power 0
Beneficially Owned by -------------------------------------------------------
Each Reporting Person (8) Shared Voting Power 8,553,800
-------------------------------------------------------
(9) Sole Dispositive Power 0
-------------------------------------------------------
(10)Shared Dispositive Power 8,553,800
--------------------------------------------------------------------------------
(11) Aggregate Amount
Beneficially Owned by Each
Reporting Person 8,553,800
--------------------------------------------------------------------------------
(12) Check Box if the Aggregate Amount in [ ]
Row (11) Excludes Certain Shares
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in 9.8%
Row (11)
--------------------------------------------------------------------------------
(14) Type of Reporting Person IN
CUSIP NO.: 950590109
(1) NAMES OF REPORTING PERSONS
Castlerigg Master Investments Ltd.
SS. or I.R.S. Identification No. of Above Person:
--------------------------------------------------------------------------------
(2) Check the Appropriate Box (a) X
if a Member of a -------------------------------------
Group (b)
-------------------------------------
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds WC
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal [ ]
Proceedings is Required
Pursuant to Items 2(d) or 2(e)
--------------------------------------------------------------------------------
(6) Citizenship or Place of
Organization British Virgin Islands
--------------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power 0
Beneficially Owned by -------------------------------------------------------
Each Reporting Person (8) Shared Voting Power 3,916,013
-------------------------------------------------------
(9) Sole Dispositive Power 0
-------------------------------------------------------
(10)Shared Dispositive Power 3,916,013
--------------------------------------------------------------------------------
(11) Aggregate Amount
Beneficially Owned by Each
Reporting Person 3,916,013
--------------------------------------------------------------------------------
(12) Check Box if the Aggregate Amount in [ ]
Row (11) Excludes Certain Shares
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in 4.5%
Row (11)
--------------------------------------------------------------------------------
(14) Type of Reporting Person CO
CUSIP NO.: 950590109
(1) NAMES OF REPORTING PERSONS
Sandell Asset Management Corp.
SS. or I.R.S. Identification No. of Above Person:
--------------------------------------------------------------------------------
(2) Check the Appropriate Box (a) X
if a Member of a -------------------------------------
Group (b)
-------------------------------------
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds AF
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal [ X ]
Proceedings is Required
Pursuant to Items 2(d) or 2(e)
--------------------------------------------------------------------------------
(6) Citizenship or Place of
Organization Cayman Islands
--------------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power 0
Beneficially Owned by -------------------------------------------------------
Each Reporting Person (8) Shared Voting Power 3,916,013
-------------------------------------------------------
(9) Sole Dispositive Power 0
-------------------------------------------------------
(10)Shared Dispositive Power 3,916,013
--------------------------------------------------------------------------------
(11) Aggregate Amount
Beneficially Owned by Each
Reporting Person 3,916,013
--------------------------------------------------------------------------------
(12) Check Box if the Aggregate Amount in [ ]
Row (11) Excludes Certain Shares
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in 4.5%
Row (11)
--------------------------------------------------------------------------------
(14) Type of Reporting Person CO
CUSIP NO.: 950590109
(1) NAMES OF REPORTING PERSONS
Castlerigg International Limited
SS. or I.R.S. Identification No. of Above Person:
--------------------------------------------------------------------------------
(2) Check the Appropriate Box (a) X
if a Member of a -------------------------------------
Group (b)
-------------------------------------
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds AF
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal [ ]
Proceedings is Required
Pursuant to Items 2(d) or 2(e)
--------------------------------------------------------------------------------
(6) Citizenship or Place of
Organization British Virgin Islands
--------------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power 0
Beneficially Owned by -------------------------------------------------------
Each Reporting Person (8) Shared Voting Power 3,916,013
-------------------------------------------------------
(9) Sole Dispositive Power 0
-------------------------------------------------------
(10)Shared Dispositive Power 3,916,013
--------------------------------------------------------------------------------
(11) Aggregate Amount
Beneficially Owned by Each
Reporting Person 3,916,013
--------------------------------------------------------------------------------
(12) Check Box if the Aggregate Amount in [ ]
Row (11) Excludes Certain Shares
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in 4.5%
Row (11)
--------------------------------------------------------------------------------
(14) Type of Reporting Person CO
CUSIP NO.: 950590109
(1) NAMES OF REPORTING PERSONS
Castlerigg International Holdings Limited
SS. or I.R.S. Identification No. of Above Person:
--------------------------------------------------------------------------------
(2) Check the Appropriate Box (a) X
if a Member of a -------------------------------------
Group (b)
-------------------------------------
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds AF
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal [ ]
Proceedings is Required
Pursuant to Items 2(d) or 2(e)
--------------------------------------------------------------------------------
(6) Citizenship or Place of
Organization British Virgin Islands
--------------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power 0
Beneficially Owned by -------------------------------------------------------
Each Reporting Person (8) Shared Voting Power 3,916,013
-------------------------------------------------------
(9) Sole Dispositive Power 0
-------------------------------------------------------
(10)Shared Dispositive Power 3,916,013
--------------------------------------------------------------------------------
(11) Aggregate Amount
Beneficially Owned by Each
Reporting Person 3,916,013
--------------------------------------------------------------------------------
(12) Check Box if the Aggregate Amount in [ ]
Row (11) Excludes Certain Shares
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in 4.5%
Row (11)
--------------------------------------------------------------------------------
(14) Type of Reporting Person CO
CUSIP NO.: 950590109
(1) NAMES OF REPORTING PERSONS
Thomas E. Sandell
SS. or I.R.S. Identification No. of Above Person:
--------------------------------------------------------------------------------
(2) Check the Appropriate Box (a) X
if a Member of a -------------------------------------
Group (b)
-------------------------------------
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Source of Funds AF
--------------------------------------------------------------------------------
(5) Check if Disclosure of Legal [ X ]
Proceedings is Required
Pursuant to Items 2(d) or 2(e)
--------------------------------------------------------------------------------
(6) Citizenship or Place of
Organization Sweden
--------------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power 0
Beneficially Owned by -------------------------------------------------------
Each Reporting Person (8) Shared Voting Power 3,916,013
-------------------------------------------------------
(9) Sole Dispositive Power 0
-------------------------------------------------------
(10)Shared Dispositive Power 3,916,013
--------------------------------------------------------------------------------
(11) Aggregate Amount
Beneficially Owned by Each
Reporting Person 3,916,013
--------------------------------------------------------------------------------
(12) Check Box if the Aggregate Amount in [ ]
Row (11) Excludes Certain Shares
--------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in 4.5%
Row (11)
--------------------------------------------------------------------------------
(14) Type of Reporting Person IN
INTRODUCTORY STATEMENT
This Amendment No. 10 (this "Amendment") relates to the Schedule 13D filed on
behalf of 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 Offshore"), Trian Partners Master Fund (Non-ERISA), L.P., a
Cayman Islands limited partnership ("Trian Offshore (Non-ERISA)"), Trian
Partners Parallel Fund I, L.P., a Delaware limited partnership ("Parallel
Fund"), Trian Partners Parallel Fund I General Partner, LLC, a Delaware limited
liability company ("Parallel Fund 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 GP LLC"), Trian Fund Management, L.P., a Delaware
limited partnership ("Trian Management" or "Trian"), Trian Fund Management GP,
LLC, a Delaware limited liability company ("Trian Management GP", and together
with the foregoing, the "Trian Entities"), Triarc Companies, Inc., a Delaware
corporation ("Triarc"), 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, Triarc and Messrs.
Peltz, May and Garden are sometimes hereinafter referred to collectively as the
"Trian Filing Persons"), Castlerigg Master Investments Ltd. ("CMI"), Sandell
Asset Management Corp. ("SAMC"), Castlerigg International Limited ("CIL"),
Castlerigg International Holdings Limited ("CIHL") and Thomas E. Sandell
("Sandell", and collectively with CMI, SAMC, CIL and CIHL, the "Sandell Filing
Persons" and, together with the Trian Filing Persons, the "Filing Persons"),
with the Securities and Exchange Commission on December 13, 2005 (as amended by
Amendment No. 1 to Schedule 13D filed by the Filing Persons with the Securities
and Exchange Commission on January 17, 2006, Amendment No. 2 to Schedule 13D
filed by the Filing Persons with the Securities and Exchange Commission on March
3, 2006, Amendment No. 3 to Schedule 13D filed by the Filing Persons with the
Securities and Exchange Commission on April 28, 2006, Amendment No. 4 to
Schedule 13D filed by the Filing Persons with the Securities and Exchange
Commission on May 31, 2006, Amendment No. 5 to Schedule 13D filed by the Filing
Persons with the Securities and Exchange Commission on December 4, 2006,
Amendment No. 6 to Schedule 13D filed by the Filing Persons with the Securities
and Exchange Commission on July 3, 2007, Amendment No. 7 to Schedule 13D filed
by the Filing Persons with the Securities and Exchange Commission on July 30,
2007, Amendment No. 8 to Schedule 13D filed by the Filing Persons with the
Securities and Exchange Commission on August 28, 2007, and Amendment No. 9 to
Schedule 13D filed by the Filing Persons with the Securities and Exchange
Commission on September 17, 2007, the "Schedule 13D"), relating to the Common
Shares, $.10 stated value (the "Shares"), of Wendy's International, Inc., an
Ohio corporation (the "Issuer" or "Wendy's"). Each capitalized term used but not
defined herein has the meaning ascribed to such term in the Schedule 13D.
Item 2 of the Schedule 13D is hereby amended and supplemented as follows:
Item 2. Identity and Background.
Except as set forth below, during the past five years, none of the Filing
Persons, nor any director, executive officer, general partner or controlling
person of any of the Filing Persons, has: (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.
In October 2007, SAMC, Sandell, and certain of SAMC's employees settled an
enforcement matter with the Securities and Exchange Commission ("SEC") with
respect to certain trades of CMI in shares of Hibernia Corporation in 2005.
Without admitting or denying the SEC allegations contained in the SEC order, (i)
SAMC agreed to accept relief based on charges under Section 10(a) of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), and Section
17(a)(2) of the Securities Act of 1933, as amended (the "Securities Act"), and
paid a civil fine of $650,000, (ii) Sandell agreed to accept relief based on
charges of aiding and abetting under Section 10(a) and Rule 10a-1 of the
Exchange Act (collectively, the "Short Sale Rule") and charges under Section 203
of the Investment Advisers Act of 1940, as amended (the "Advisers Act"), and
paid a civil fine of $100,000, and (iii) certain employees of SAMC agreed to
accept relief based on SEC charges of aiding and abetting under the Short Sale
Rule and paid smaller civil fines. SAMC was also ordered to disgorge the sum of
$7,500,000 intended to approximate losses avoided by CMI. Further, each of SAMC,
Sandell and certain employees of SAMC were censured under the Advisers Act, and
SAMC was enjoined from committing any future violations of Section 17(a)(2) of
the Securities Act.
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.
TRIAN PARTNERS GP, L.P.
By: Trian Partners General Partner, LLC,
its general partner
By: /s/PETER W. MAY
-----------------------------------
Name: Peter W. May
Title: Member
TRIAN PARTNERS GENERAL PARTNER, LLC
By: /s/PETER W. MAY
----------------------------------
Name: Peter W. May
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/PETER W. MAY
----------------------------------
Name: Peter W. May
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/PETER W. MAY
----------------------------------
Name: Peter W. May
Title: Member
TRIAN PARTNERS MASTER FUND (NON-ERISA), 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 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/PETER W. MAY
----------------------------------
Name: Peter W. May
Title: Member
TRIAN PARTNERS PARALLEL FUND II GENERAL PARTNER, LLC
By: /s/PETER W. MAY
----------------------------------
Name: Peter W. May
Title: Member
TRIAN FUND MANAGEMENT, L.P.
By: Trian Fund Management GP, LLC, its general partner
By: /s/PETER W. MAY
----------------------------------
Name: Peter W. May
Title: Member
Trian Fund Management GP, LLC
By: /s/PETER W. MAY
----------------------------------
Name: Peter W. May
Title: Member
/s/NELSON PELTZ
----------------------------------
NELSON PELTZ
/s/PETER W. MAY
----------------------------------
PETER W. MAY
/s/EDWARD P. GARDEN
----------------------------------
EDWARD P. GARDEN
CASTLERIGG MASTER INVESTMENTS LTD.
BY: SANDELL ASSET MANAGEMENT CORP.,
its investment manager
By: /s/THOMAS E. SANDELL
--------------------------------
Name: Thomas E. Sandell
Title: Chief Executive Officer
SANDELL ASSET MANAGEMENT CORP.
By: /s/THOMAS E. SANDELL
-------------------------------
Name: Thomas E. Sandell
Title: Chief Executive Officer
CASTLERIGG INTERNATIONAL LIMITED
BY: SANDELL ASSET MANAGEMENT CORP.,
its investment manager
By: /s/THOMAS E. SANDELL
----------------------------
Name: Thomas E. Sandell
Title: Chief Executive Officer
CASTLERIGG INTERNATIONAL HOLDINGS LIMITED
BY: SANDELL ASSET MANAGEMENT CORP.,
its investment manager
By: /s/THOMAS E. SANDELL
----------------------------
Name: Thomas E. Sandell
Title: Chief Executive Officer
/s/THOMAS E. SANDELL
-----------------------------
THOMAS E. SANDELL
TRIARC COMPANIES, INC.
By: /s/FRANCIS T. MCCARRON
---------------------------
Name: Francis T. McCarron
Title: Executive Vice President
Dated: October 12, 2007