SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange
Act of 1934
(Amendment No.
___)
TOR MINERALS INTERNATIONAL, INC.
(Name of Issuer)
Common Stock, Par Value $0.25
(Title of Class of Securities)
890878309
(CUSIP Number)
Mark A. Graber
56 Oakwell Farms Parkway
San Antonio, Texas 78218
(210) 240-4795
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and
Communications)
August 21, 2009
(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 that is
the subject of this Schedule 13D, and is filing this schedule because of
Section 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.
890878309
1 NAME OF REPORTING PERSONS
Mark A. Graber
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See
Instructions):
(a) [ ] (b)
[ ] (See Items 4 and 5)
3.
SEC USE ONLY
4. SOURCE OF FUNDS (See Instructions): PF (See Items
3 and 4)
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
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH
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7.
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SOLE VOTING POWER
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95,507
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8.
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SHARED VOTING POWER
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443,987
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(*)
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9.
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SOLE DISPOSITIVE POWER
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95,507
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10.
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SHARED DISPOSITIVE POWER
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443,987
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(*)
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON:
539,494
12. CHECK IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES (See Instructions):
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11:
23.8%
14. TYPE
OF REPORTING PERSON (See Instructions): IN
(*) The shares of common stock of the Issuer (the "Shares")
set forth in Items (8) and (10) include (A) 2,000 shares owned by Mrs. Yolanda
Graber, the Reporting Person's wife and on whose behalf Reporting Person has
voting control, (B) 13,239 shares owned by Four Star Investments, a Texas
general partnership over which
Reporting Person
has
voting control, (C) 77,072 shares owned by X-L Investments, a Texas general
partnership in which
Reporting Person
is a partner and
has voting control, (D) 94,234 shares issuable upon conversion of the Issuer's
6% Subordinated Convertible Debentures due 2016 issued to X-L Investments, (E)
144,234 shares issuable upon exercise of warrants issued to X-L Investments (F)
56,604 shares issuable upon conversion of the Issuer's 6% Subordinated
Convertible Debentures due 2016 issued to Five Star Investments, a Texas
general partnership over which Reporting Person has voting control and (G) 56,604
shares issuable upon exercise of warrants issued to Five Star Investments.
CUSIP No.
890878309
1 NAME OF REPORTING PERSONS
X-L Investments
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See
Instructions):
(a) [ ] (b)
[ ] (See Items 4 and 5)
3.
SEC USE ONLY
4. SOURCE OF FUNDS (See Instructions): WC (See Items
3 and 4)
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
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH
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7.
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SOLE VOTING POWER
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315,540
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8.
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SHARED VOTING POWER
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0
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9.
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SOLE DISPOSITIVE POWER
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315,540
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10.
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SHARED DISPOSITIVE POWER
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0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON:
315,540
12. CHECK IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES (See Instructions):
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11:
14.82%
14. TYPE OF
REPORTING PERSON (See Instructions): PN
CUSIP No.
890878309
1 NAME OF REPORTING PERSONS
Five Star Investments
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See
Instructions):
(a) [ ] (b)
[ ] (See Items 4 and 5)
3.
SEC USE ONLY
4. SOURCE OF FUNDS (See Instructions): WC (See Items
3 and 4)
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
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH
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7.
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SOLE VOTING POWER
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113,208
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8.
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SHARED VOTING POWER
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0
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9.
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SOLE DISPOSITIVE POWER
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113,208
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10.
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SHARED DISPOSITIVE POWER
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0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON:
113,208
12. CHECK IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES (See Instructions):
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11:
5.65%
14. TYPE OF
REPORTING PERSON (See Instructions): PN
SCHEDULE 13D
Item 1. Security and
Issuer
This statement relates to the common stock, par value $0.25
per share (the "Common Stock"), of TOR Minerals International, Inc., a Delaware
corporation (the "Company"). The address of the principal executive offices of
the Company is 722 Burleson Street, Corpus Christi, Texas 78403.
Item 2. Identity and
Background
(a) Pursuant
to Regulation 13D-G under the Securities Exchange Act of 1934, as amended
(the "Act"), Mark A. Graber ("Graber"), X-L Investments, a Texas general
partnership in which Graber is a partner and has voting control ("X-L"), and
Five Star Investments, a Texas general partnership over which Graber has voting
control ("Five Star", and together with Graber and X-L, the "Reporting
Persons") hereby file this Schedule 13D Statement. Additionally,
information is included herein with respect to Ms. Yolanda Graber, Graber's
wife and on whose behalf Graber has voting control ("Yolanda Graber"), and Four
Star Investments, a Texas general partnership over which Graber has voting
control ("Four Star"). The Reporting Persons, Yolanda Graber and Four Star are
sometimes hereinafter collectively referred to as the "Item 2 Persons."
The Reporting Persons are making this single, joint filing because they may be
deemed to constitute a "group" within the meaning of Section 13(d)(3) of
the Act, although neither the fact of this filing nor anything contained herein
shall be deemed to be an admission by the Reporting Persons that such a group
exists.
(b) The
address of the principal business office or residence of each of the
Item 2 Persons is 56 Oakwell Farms Parkway, San Antonio, Texas 78218.
(c) Graber's principal occupation or employment
is serving as an Investor. X-L and Five Star are both investment general partnerships engaged principally in the
business of making private investments.
(d), (e) During the last five years, the Reporting Persons
have not been convicted in any criminal proceeding (excluding traffic
violations or similar misdemeanors) or have 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 finding any violation with respect to
such laws.
(f) All of
the natural persons listed in Item 2(a) are citizens of the United States of
America.
Item 3. Source and Amount
of Funds or Other Consideration
The shares of Common Stock,
warrants to purchase Common Stock and debentures convertible into Common Stock
reported herein were acquired with Graber's personal assets and with X-L's and
Five Star's working capital. See Item 5 below.
Item 4. Purpose of the
Transaction
The Reporting
Persons purchased the Common Stock of the Company solely for investment
purposes, and the acquisitions of the Common Stock
were made in the ordinary course of business and were not made for the purpose
of acquiring control of the Issuer. Although no Reporting Person has
any specific plan or proposal to acquire or dispose of the Common Stock,
consistent with its investment purpose, the Reporting Persons at any time and
from time to time may acquire additional Common Stock or dispose of any or all
of its Common Stock depending upon an ongoing evaluation of the investment in
the Common Stock, prevailing market conditions, other investment opportunities,
liquidity requirements of the Reporting Persons, and/or other investment
considerations.
Other than discussed herein, the Reporting
Persons currently have no plans to effect:
(a) any
extraordinary corporate transaction, such as a merger, reorganization or
liquidation, involving the Company or any of its subsidiaries;
(b) a
sale or transfer of a material amount of the assets of the Company or any of
its subsidiaries;
(c) any
change in the present Board of Directors or management of the Company,
including any plans or proposals to change the number or term of directors or
to fill any existing vacancies on the Board of Directors;
(d) any
material change in the present capitalization or dividend policy of the
Company;
(e) any
other material change in the Company's business or corporate structure;
(f) any
change in the Company's certificate of incorporation, bylaws or instruments
corresponding thereto or other actions which may impede the acquisition or
control of the Company by any person;
(g) the
delisting of any class of securities of the Company from a national securities
exchange or the ceasing to be authorized to be quoted in an inter-dealer
quotation system of a registered national securities association;
(h) any
class of equity securities of the company becoming eligible for termination of
registration pursuant to Section 12(g)(4) of the Securities Exchange Act of
1934; or
(i) any
action similar to any of those enumerated above.
The Reporting Persons intend to
reevaluate continuously their investments in the Company and may, based on such
reevaluation, determine at a future date to change their current positions with
respect to any action enumerated above.
Item 5. Interest in
Securities of the Issuer
(a), (b), (d)
(i) Graber
may be deemed to beneficially own an aggregate of 539,494 shares of Common
Stock, or 23.8% of the outstanding shares of Common Stock, which consists of:
(1) 70,507
shares held for Graber's account;
(2) 2,000
shares held for Yolanda Graber's account;
(3) 77,072
shares held for the account of X-L;
(4) 13,239
shares held for the account of Four Star;
(5) 25,000
shares issuable upon exercise of warrants issued to Graber which are
exercisable at or within sixty days of the date hereof;
(6) 94,234
shares underlying the Debentures held for the account of X-L that are
exercisable at or within sixty days of the date hereof;
(7) 56,604
shares underlying the Debentures held for the account of Five Star that are
exercisable at or within sixty days of the date hereof;
(8) 144,234
shares underlying warrants held for the account of X-L that are exercisable at
or within sixty days of the date hereof; and
(9) 56,604
shares underlying warrants held for the account of Five Star that are
exercisable at or within sixty days of the date hereof.
(ii) X-L may be
deemed to beneficially own an aggregate of 315,540 shares of Common Stock, or 14.82%
of the outstanding shares of Common Stock, which consists of:
(1) 77,072 shares held for the account of X-L
Investments;
(2) 94,234 shares underlying the Debentures held for
the account of X-L that are exercisable at or within sixty days of the date
hereof; and
(3) 144,234
shares underlying warrants held for the account of X-L that are exercisable at
or within sixty days of the date hereof
(iii) Five Star
may be deemed to beneficially own an aggregate of 113,208 shares of Common
Stock, or 5.65% of the outstanding shares of Common Stock, which consists of:
(1)
56,604 shares underlying the
Debentures held for the account of Five Star that are exercisable at or within
sixty days of the date hereof; and
(2) 56,604
shares underlying warrants held for the account of Five Star that are
exercisable at or within sixty days of the date hereof.
Except
as otherwise set forth herein, no other person or entity is known to have the
right to receive or the power to direct the receipt of dividends from, or the
proceeds from the sale of, the shares.
(c) The
Reporting Persons have not effected any other transactions in the Common Stock
within the past 60 days.
(e) Not
applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships
With Respect to Securities of the Issuer
Not applicable.
Item 7. Material to be Filed as Exhibits
Exhibit No.
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Description
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1.
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Joint Filing Agreement, dated February 25, 2010, by and
among Mark A. Graber,
X-L Investments and Five Star Investments
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2.
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Subscription Agreement, dated August 21, 2009, by TOR
Minerals International, Inc.
and X-L Investments
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3.
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Subscription Agreement, dated August 21, 2009, by TOR
Minerals International, Inc.
and Five Star Investments
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4.
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Warrant Agreement, dated August 21, 2009, by TOR Minerals
International, Inc. in
favor of X-L Investments
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5.
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Warrant Agreement, dated August 21, 2009, by TOR Minerals
International, Inc. in
favor of Five Star Investments
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SIGNATURE
After
reasonable inquiry and to the best of my knowledge and belief, I certify that
the information set forth in this statement is true, complete and correct.
Date: February 25, 2010
By:
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MARK A GRABER
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Mark A. Graber
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EXHIBIT 1
JOINT
FILING AGREEMENT
In
accordance with Rule 13d‑1(k) under the Securities Exchange Act of 1934,
the persons named below agree to the joint filing on behalf of each of them of
a Statement on Schedule 13D (including amendments thereto) with respect to the
Common Stock of TOR Minerals International, Inc. and further agree that this
Joint Filing Agreement (the "Agreement") be included as an exhibit to
such joint filing. In evidence thereof, the undersigned, being duly
authorized, hereby execute this Agreement this February 25, 2010. The
Agreement may be executed in two or more counterparts, any one of which need
not contain the signatures of more than one party, but all such parts taken
together will constitute a part of this Agreement.
Date: February 25, 2010
By:
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MARK A GRABER
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Mark A. Graber,
Individually
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X-L INVESTMENTS
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By:
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MARK A GRABER
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Mark A. Graber,
Partner
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FIVE STAR INVESTMENTS
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By:
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MARK A GRABER
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Mark A. Graber,
Partner
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