0000891836-08-000156.txt : 20080812
<SEC-HEADER>0000891836-08-000156.hdr.sgml : 20080812
<ACCEPTANCE-DATETIME>20080812165822
ACCESSION NUMBER: 0000891836-08-000156
CONFORMED SUBMISSION TYPE: SC 13D/A
PUBLIC DOCUMENT COUNT: 3
FILED AS OF DATE: 20080812
DATE AS OF CHANGE: 20080812
GROUP MEMBERS: BETTY JANE WEIMER
GROUP MEMBERS: EDWARD H. MCDERMOTT
GROUP MEMBERS: IAN R. MCGUIRE
GROUP MEMBERS: JOHN H. SCULLY
GROUP MEMBERS: OBERNDORF FAMILY PARTNERS
GROUP MEMBERS: SAN FRANCISCO PARTNERS II, L.P.
GROUP MEMBERS: SF ADVISORY PARTNERS, L.P.
GROUP MEMBERS: SPO ADVISORY CORP.
GROUP MEMBERS: SPO ADVISORY PARTNERS, L.P.
GROUP MEMBERS: SPO PARTNERS II, L.P.
GROUP MEMBERS: THE ELIZABETH R. & WILLIAM J. PATTERSON FOUNDATION
GROUP MEMBERS: WILLIAM AND SUSAN OBERNDORF TRUST, DATED 10/19/98
GROUP MEMBERS: WILLIAM E. OBERNDORF
GROUP MEMBERS: WILLIAM J. PATTERSON
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: CABOT CORP
CENTRAL INDEX KEY: 0000016040
STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS CHEMICAL PRODUCTS [2890]
IRS NUMBER: 042271897
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0930
FILING VALUES:
FORM TYPE: SC 13D/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-30636
FILM NUMBER: 081010371
BUSINESS ADDRESS:
STREET 1: TWO SEAPORT LANE SUITE 1300
CITY: BOSTON
STATE: MA
ZIP: 02109-1806
BUSINESS PHONE: 6173450100
MAIL ADDRESS:
STREET 1: TWO SEAPORT LANE SUITE 1300
CITY: BOSTON
STATE: MA
ZIP: 82109
FORMER COMPANY:
FORMER CONFORMED NAME: CABOT GODFREY L INC
DATE OF NAME CHANGE: 19680418
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: SPO ADVISORY CORP
CENTRAL INDEX KEY: 0000919468
IRS NUMBER: 680247274
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
BUSINESS ADDRESS:
STREET 1: 591 REDWOOD HIGHWAY
STREET 2: SUITE 3215
CITY: MILL VALLEY
STATE: CA
ZIP: 94941
BUSINESS PHONE: 4153836600
FORMER COMPANY:
FORMER CONFORMED NAME: SF ADVISORY CORP
DATE OF NAME CHANGE: 19990329
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>sc0077.txt
<DESCRIPTION>AMENDMENT NO. 9 TO SCHEDULE 13D
<TEXT>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 9)*
CABOT CORPORATION
(Name of Issuer)
COMMON STOCK, PAR VALUE $1.00 PER SHARE
(Title of Class of Securities)
127055101
(CUSIP Number)
SPO Advisory Corp.
591 Redwood Highway, Suite 3215
Mill Valley, California 94941
(415) 383-6600
with a copy to:
Alison S. Ressler
Sullivan & Cromwell LLP
1888 Century Park East
Los Angeles, California 90067-1725
(310) 712-6600
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
August 11, 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 that is the subject of this Schedule 13D, and is filing this
Schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box |_|.
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).
<PAGE>
Page 2 of 24 pages
CUSIP No. 127055101
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
SPO Partners II, L.P.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
WC
- --------------------------------------------------------------------------------
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
9,662,600 (1)
------------------------------------------------------
Number Of Shares 8. SHARED VOTING POWER
Beneficially Owned By -0-
Each Reporting Person ------------------------------------------------------
With 9. SOLE DISPOSITIVE POWER
9,662,600 (1)
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,662,600
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.0%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
(1) Power is exercised through its sole general partner, SPO Advisory Partners,
L.P.
<PAGE>
Page 3 of 24 pages
CUSIP No. 127055101
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
SPO Advisory Partners, L.P.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
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
Delaware
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
9,662,600 (1)(2)
------------------------------------------------------
Number Of Shares 8. SHARED VOTING POWER
Beneficially Owned By -0-
Each Reporting Person ------------------------------------------------------
With 9. SOLE DISPOSITIVE POWER
9,662,600 (1)(2)
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,662,600
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.0%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
(1) Solely in its capacity as the sole general partner of SPO Partners II, L.P.
(2) Power is exercised through its sole general partner, SPO Advisory Corp.
<PAGE>
Page 4 of 24 pages
CUSIP No. 127055101
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
San Francisco Partners II, L.P.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
WC
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
California
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
415,600 (1)
------------------------------------------------------
Number Of Shares 8. SHARED VOTING POWER
Beneficially Owned By -0-
Each Reporting Person ------------------------------------------------------
With 9. SOLE DISPOSITIVE POWER
415,600 (1)
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
415,600
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.6%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
(1) Power is exercised through its sole general partner, SF Advisory Partners,
L.P.
<PAGE>
Page 5 of 24 pages
CUSIP No. 127055101
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
SF Advisory Partners, L.P.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
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
Delaware
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
415,600 (1)(2)
------------------------------------------------------
Number Of Shares 8. SHARED VOTING POWER
Beneficially Owned By -0-
Each Reporting Person ------------------------------------------------------
With 9. SOLE DISPOSITIVE POWER
415,600 (1)(2)
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
415,600
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.6%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
(1) Solely in its capacity as the sole general partner of San Francisco
Partners II, L.P.
(2) Power is exercised through its sole general partner, SPO Advisory Corp.
<PAGE>
Page 6 of 24 pages
CUSIP No. 127055101
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
SPO Advisory Corp.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
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
Delaware
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
10,078,200 (1)(2)
------------------------------------------------------
Number Of Shares 8. SHARED VOTING POWER
Beneficially Owned By -0-
Each Reporting Person ------------------------------------------------------
With 9. SOLE DISPOSITIVE POWER
10,078,200 (1)(2)
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,078,200
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.7%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
(1) Solely in its capacity as the sole general partner of SPO Advisory
Partners, L.P. with respect to 9,662,600 of such shares; and
solely in its capacity as the sole general partner of SF Advisory
Partners, L.P. with respect to 415,600 of such shares.
(2) Power is exercised through its four controlling persons, John H. Scully,
William E. Oberndorf, William J. Patterson and Edward H. McDermott.
<PAGE>
Page 7 of 24 pages
CUSIP No. 127055101
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
John H. Scully
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
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
USA
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
-0-
------------------------------------------------------
Number Of Shares 8. SHARED VOTING POWER
Beneficially Owned By 10,078,200 (1)
Each Reporting Person ------------------------------------------------------
With 9. SOLE DISPOSITIVE POWER
-0-
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
10,078,200 (1)
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,078,200
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.7%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
(1) These shares may be deemed to be beneficially owned by Mr. Scully solely
in his capacity as one of four controlling persons of SPO Advisory Corp.
<PAGE>
Page 8 of 24 pages
CUSIP No. 127055101
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
William E. Oberndorf
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
Not Applicable and PF
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
219,000 (1)
------------------------------------------------------
Number Of Shares 8. SHARED VOTING POWER
Beneficially Owned By 10,411,850 (2)
Each Reporting Person ------------------------------------------------------
With 9. SOLE DISPOSITIVE POWER
219,000 (1)
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
10,411,850 (2)
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,630,850
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.5%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
(1) Of these shares, 109,000 shares are held in William E. Oberndorf's
Individual Retirement Account, which is self-directed, 100,000 shares may be
deemed to be beneficially owned by Mr. Oberndorf solely in his capacity as sole
general partner of Oberndorf Family Partners, a family partnership, and 10,000
shares are owned by Mr. Oberndorf solely in his capacity as trustee for the
account of his children.
(2) Of these shares, 10,078,200 shares may be deemed to be beneficially owned by
Mr. Oberndorf solely in his capacity as one of the four controlling persons of
SPO Advisory Corp., and 333,650 shares may be deemed to be beneficially owned by
Mr. Oberndorf solely in his capacity as a trustee of the William and Susan
Oberndorf Trust, dated 10/19/98.
<PAGE>
Page 9 of 24 pages
CUSIP No. 127055101
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
William and Susan Oberndorf Trust, dated 10/19/98
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
PF
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) |_|
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
California
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
333,650 (1)
------------------------------------------------------
Number Of Shares 8. SHARED VOTING POWER
Beneficially Owned By -0-
Each Reporting Person ------------------------------------------------------
With 9. SOLE DISPOSITIVE POWER
333,650 (1)
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
333,650 (1)
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.6%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
(1) Power is exercised through its trustees, William E. Oberndorf and Susan C.
Oberndorf.
<PAGE>
Page 10 of 24 pages
CUSIP No. 127055101
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
Oberndorf Family Partners
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
WC
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
California
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
100,000 (1)
------------------------------------------------------
Number Of Shares 8. SHARED VOTING POWER
Beneficially Owned By -0-
Each Reporting Person ------------------------------------------------------
With 9. SOLE DISPOSITIVE POWER
100,000 (1)
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100,000 (1)
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
(1) Power is exercised through its sole general partner, William E. Oberndorf.
<PAGE>
Page 11 of 24 pages
CUSIP No. 127055101
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
William J. Patterson
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
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
USA
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
-0-
------------------------------------------------------
Number Of Shares 8. SHARED VOTING POWER
Beneficially Owned By 10,100,100 (1)
Each Reporting Person ------------------------------------------------------
With 9. SOLE DISPOSITIVE POWER
-0-
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
10,100,100 (1)
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,100,100
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.7%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
(1) Of these shares, 10,078,200 shares may be deemed to be beneficially owned by
Mr. Patterson solely in his capacity as one of the four controlling persons of
SPO Advisory Corp. and 21,900 shares may be deemed to be beneficially owned by
Mr. Patterson solely in his capacity as a controlling person, director and
executive officer of the Elizabeth R. & William J. Patterson Foundation.
<PAGE>
Page 12 of 24 pages
CUSIP No. 127055101
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
The Elizabeth R. & William J. Patterson Foundation
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
WC
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
21,900 (1)
------------------------------------------------------
Number Of Shares 8. SHARED VOTING POWER
Beneficially Owned By -0-
Each Reporting Person ------------------------------------------------------
With 9. SOLE DISPOSITIVE POWER
21,900 (1)
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,900
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
**0.1%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
** Denotes less than.
(1) Power is exercised through its controlling persons, directors and executive
officers, William J. Patterson and Elizabeth R. Patterson.
<PAGE>
Page 13 of 24 pages
CUSIP No. 127055101
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
Edward H. McDermott
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
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
USA
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
-0-
------------------------------------------------------
Number Of Shares 8. SHARED VOTING POWER
Beneficially Owned By 10,078,200 (1)
Each Reporting Person ------------------------------------------------------
With 9. SOLE DISPOSITIVE POWER
-0-
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
10,078,200 (1)
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,078,200
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.7%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
(1) These shares may be deemed to be beneficially owned by Mr. McDermott solely
in his capacity as one of four controlling persons of SPO Advisory Corp.
<PAGE>
Page 14 of 24 pages
CUSIP No. 127055101
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
Ian R. McGuire
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
PF
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
475
------------------------------------------------------
Number Of Shares 8. SHARED VOTING POWER
Beneficially Owned By -0-
Each Reporting Person ------------------------------------------------------
With 9. SOLE DISPOSITIVE POWER
475
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
475
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
**0.1%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
** Denotes less than.
<PAGE>
Page 15 of 24 pages
CUSIP No. 127055101
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
Betty Jane Weimer
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
PF
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
California
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
5,000
------------------------------------------------------
Number Of Shares 8. SHARED VOTING POWER
Beneficially Owned By -0-
Each Reporting Person ------------------------------------------------------
With 9. SOLE DISPOSITIVE POWER
5,000
------------------------------------------------------
10. SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,000
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
**0.1%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
** Denotes less than.
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Page 16 of 24 pages
This Amendment No. 9 amends the Schedule 13D (the "Original 13D") filed
with the Securities and Exchange Commission ("SEC") on August 29, 2005 and as
amended on September 14, 2005, September 26, 2005, October 20, 2005, November 8,
2005, January 12, 2006, June 20, 2006, December 18, 2007 and January 4, 2008.
Unless otherwise stated herein, the Original 13D, as previously amended, remains
in full force and effect. Terms used herein and not defined herein shall have
the meanings ascribed thereto in the Original 13D. This Amendment No.9 is being
filed to add Edward H. McDermott as a Reporting Person, as a result of his
becoming an additional controlling person of SPO Advisory Corp.
ITEM 2. IDENTITY AND BACKGROUND.
Item 2(a) is hereby amended and restated in its entirety as follows:
(a) The undersigned hereby file this Schedule 13D Statement on behalf
of SPO Partners II, L.P., a Delaware limited partnership ("SPO"), SPO Advisory
Partners, L.P., a Delaware limited partnership ("SPO Advisory Partners"), San
Francisco Partners II, L.P., a California limited partnership ("SFP"), SF
Advisory Partners, L.P., a Delaware limited partnership ("SF Advisory
Partners"), SPO Advisory Corp., a Delaware corporation ("SPO Advisory Corp."),
John H. Scully ("JHS"), William E. Oberndorf ("WEO"), William J. Patterson
("WJP"), Edward H. McDermott ("EHM"), the William and Susan Oberndorf Trust,
dated 10/19/98 ("Oberndorf Trust"), Oberndorf Family Partners, a California
limited partnership ("OFP"), the Elizabeth R. & William J. Patterson Foundation,
a California corporation ("Patterson Foundation"), Ian R. McGuire ("IRM") and
Betty Jane Weimer ("BJW"). SPO, SPO Advisory Partners, SFP, SF Advisory
Partners, SPO Advisory Corp., JHS, WEO, WJP, EHM, the Oberndorf Trust, OFP,
Patterson Foundation, IRM and BJW are sometimes hereinafter referred to as the
"Reporting 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 Securities Exchange Act of 1934, as amended (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 a group exists.
The following subsections of Item 2(b)-(c) are hereby amended and
restated in their entirety as follows:
JHS
JHS's business address is 591 Redwood Highway, Suite 3215, Mill Valley,
California 94941. His present principal occupation is serving as a managing
director of SPO Partners & Co., a Delaware corporation. The principal business
of SPO Partners & Co. is operating as an investment firm. The principal business
address of SPO Partners & Co., which serves as its principal office, is 591
Redwood Highway, Suite 3215, Mill Valley, California 94941. JHS is one of four
controlling persons of SPO Advisory Corp., the sole general partner of each of
SPO Advisory Partners and SF Advisory Partners.
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Page 17 of 24 pages
WEO
WEO's business address is 591 Redwood Highway, Suite 3215, Mill Valley,
California 94941. His present principal occupation is serving as a managing
director of SPO Partners & Co., a Delaware corporation. The principal business
of SPO Partners & Co. is operating as an investment firm. The principal business
address of SPO Partners & Co., which serves as its principal office, is 591
Redwood Highway, Suite 3215, Mill Valley, California 94941. WEO is one of four
controlling persons of SPO Advisory Corp., the sole general partner of each of
SPO Advisory Partners and SF Advisory Partners.
WJP
WJP's business address is 591 Redwood Highway, Suite 3215, Mill Valley,
California 94941. His present principal occupation is serving as a managing
director of SPO Partners & Co., a Delaware corporation. The principal business
of SPO Partners & Co. is operating as an investment firm. The principal business
address of SPO Partners & Co., which serves as its principal office, is 591
Redwood Highway, Suite 3215, Mill Valley, California 94941. WJP is one of four
controlling persons of SPO Advisory Corp., the sole general partner of each of
SPO Advisory Partners and SF Advisory Partners.
The following subsection is hereby added to Item 2(b)-(c) in appropriate
alphabetical order as follows:
EHM
EHM's business address is 591 Redwood Highway, Suite 3215, Mill Valley,
California 94941. His present principal occupation is serving as a managing
director of SPO Partners & Co., a Delaware corporation. The principal business
of SPO Partners & Co. is operating as an investment firm. The principal business
address of SPO Partners & Co., which serves as its principal office, is 591
Redwood Highway, Suite 3215, Mill Valley, California 94941. EHM is one of four
controlling persons of SPO Advisory Corp., the sole general partner of each of
SPO Advisory Partners and SF Advisory Partners.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 is hereby amended and restated in its entirety as follows:
The source and amount of the funds used or to be used by the Reporting
Persons to purchase Shares are as follows:
NAME SOURCE OF FUNDS AMOUNT OF FUNDS
- --------------------- --------------------------- ---------------
SPO Contributions from Partners $311,396,237
SPO Advisory Partners Not Applicable Not Applicable
SFP Contributions from Partners $ 13,433,286
SF Advisory Partners Not Applicable Not Applicable
SPO Advisory Corp. Not Applicable Not Applicable
JHS Not Applicable Not Applicable
WEO Not Applicable and
Personal Funds (1) $ 5,378,674
WJP Not Applicable Not Applicable
Oberndorf Trust Personal Funds (1) $ 12,237,424
OFP Contribution from Partners $ 3,635,448
Patterson Foundation Contributions from Shareholders $715,785
IRM Personal Funds (1) $16,877
BJW Personal Funds (1) $ 186,594
- ----------
(1) As used herein, the term "Personal Funds" includes sums borrowed from banks
and brokerage firm margin accounts, none of which were borrowed or otherwise
obtained for the specified purpose of acquiring, holding, trading or voting
Shares.
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Page 18 of 24 pages
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby amended and restated in its entirety as follows:
(a) Percentage interest calculations for each Reporting Person are
based upon the Issuer having 64,265,486 total outstanding shares of Common Stock
as reported on the Issuer's 10-Q filed with the Securities and Exchange
Commission on August 8, 2008.
SPO
The aggregate number of Shares that SPO owns beneficially, pursuant to
Rule 13d-3 of the Act, is 9,662,600 Shares, which constitutes approximately
15.0% of the outstanding Shares.
SPO Advisory Partners
Because of its position as the sole general partner of SPO, SPO
Advisory Partners may, pursuant to Rule 13d-3 of the Act, be deemed to be the
beneficial owner of 9,662,600 Shares, which constitutes approximately 15.0% of
the outstanding Shares.
SFP
The aggregate number of Shares that SFP owns beneficially, pursuant to
Rule 13d-3 of the Act, is 415,600 Shares, which constitutes approximately 0.6%
of the outstanding Shares.
SF Advisory Partners
Because of its position as the sole general partner of SFP, SF Advisory
Partners may, pursuant to Rule 13d-3 of the Act, be deemed to be the beneficial
owner of 415,600 Shares, which constitutes approximately 0.6% of the outstanding
Shares.
SPO Advisory Corp.
Because of its positions as the sole general partner of each of SPO
Advisory Partners and SF Advisory Partners, SPO Advisory Corp. may, pursuant to
Rule 13d-3 of the Act, be deemed to be the beneficial owner of 10,078,200 Shares
in the aggregate, which constitutes approximately 15.7% of the outstanding
Shares.
JHS
Because of his position as a control person of SPO Advisory Corp., JHS
may, pursuant to Rule 13d-3 of the Act, be deemed to be the beneficial owner of
10,078,200 Shares, which constitutes approximately 15.7% of the outstanding
Shares.
WEO
Individually, and because of his positions as a control person of SPO
Advisory Corp., a trustee of the Oberndorf Trust and sole general partner of OFP
and as trustee for the account of his children, WEO may, pursuant to Rule 13d-3
of the Act, be deemed to be the beneficial owner of 10,630,850 Shares in the
aggregate, which constitutes approximately 16.5% of the outstanding Shares.
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Page 19 of 24 pages
WJP
Because of his position as a control person of SPO Advisory Corp. and
as a control person, director and executive officer of Patterson Foundation, WJP
may, pursuant to Rule 13d-3 of the Act, be deemed to be the beneficial owner of
10,100,100 Shares, which constitutes approximately 15.7% of the outstanding
Shares.
EHM
Because of his position as a control person of SPO Advisory Corp., EHM
may, pursuant to Rule 13d-3 of the Act, be deemed to be the beneficial owner of
10,078,200 Shares, which constitutes approximately 15.7% of the outstanding
Shares.
Oberndorf Trust
The aggregate number of Shares that the Oberndorf Trust owns
beneficially, pursuant to Rule 13d-3 of the Act, is 333,650 Shares, which
constitutes approximately 0.6% of the outstanding Shares.
OFP
The aggregate number of Shares that OFP owns beneficially, pursuant to
Rule 13d-3 of the Act, is 100,000 Shares, which constitutes approximately 0.2%
of the outstanding Shares.
Patterson Foundation
The aggregate number of Shares that Patterson Foundation owns
beneficially, pursuant to Rule 13d-3 of the Act, is 21,900, which constitutes
less than 0.1% of the outstanding Shares.
IRM
The aggregate number of Shares that IRM owns beneficially, pursuant to
Rule 13d-3 of the Act, is 475 Shares, which constitutes less than 0.1% of the
outstanding Shares.
BJW
The aggregate number of Shares that BJW owns beneficially, pursuant to
Rule 13d-3 of the Act, is 5,000 Shares, which constitutes less than 0.1% of the
outstanding Shares.
To the best of the knowledge of each of the Reporting Persons, other
than as set forth above, none of the persons named in Item 2 hereof is the
beneficial owner of any Shares.
(b) SPO
Acting through its sole general partner, SPO has the sole power to vote
or to direct the vote and to dispose or to direct the disposition of 9,662,600
Shares.
SPO Advisory Partners
Acting through its sole general partner and in its capacity as the sole
general partner of SPO, SPO Advisory Partners has the sole power to vote or to
direct the vote and to dispose or to direct the disposition of 9,662,600
Shares.
SFP
Acting through its sole general partner, SFP has the sole power to vote
or to direct the vote and to dispose or to direct the disposition of 415,600
Shares.
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Page 20 of 24 pages
SF Advisory Partners
Acting through its sole general partner and in its capacity as the sole
general partner of SFP, SF Advisory Partners has the sole power to vote or to
direct the vote and to dispose or to direct the disposition of 415,600 Shares.
SPO Advisory Corp.
Acting through its controlling persons and in its capacities as the
sole general partner of each of SPO Advisory Partners and SF Advisory Partners,
SPO Advisory Corp. has the sole power to vote or to direct the vote and to
dispose or to direct the disposition of 10,078,200 Shares in the aggregate.
JHS
As one of four controlling persons of SPO Advisory Corp., which is the
sole general partner of each of SPO Advisory Partners and SF Advisory Partners,
JHS may be deemed to have shared power with WEO, WJP and EHM to vote or to
direct the vote and to dispose or to direct the disposition of 10,078,200 Shares
held by SPO and SFP in the aggregate.
WEO
As one of four controlling persons of SPO Advisory Corp., which is the
sole general partner of each of SPO Advisory Partners and SF Advisory Partners,
WEO may be deemed to have shared power with JHS, WJP and EHM to vote or to
direct the vote and to dispose or to direct the disposition of 10,078,200 Shares
held by SPO and SFP in the aggregate. WEO may be deemed to have shared power to
vote or to direct the vote and to dispose or to direct the disposition of
333,650 Shares held in the Oberndorf Trust. Individually, and because of his
position as the sole general partner of OFP, WEO has the sole power to vote or
to direct the vote and to dispose or to direct the disposition of 109,000 Shares
held in WEO's Individual Retirement Account, which is self directed, and 100,000
Shares held by OFP. Solely in his capacity as trustee for the account of his
children, WEO has the sole power to vote or to direct the vote and to dispose or
to direct the disposition of 10,000 shares owned by his children.
WJP
As one of four controlling persons of SPO Advisory Corp., which is the
sole general partner of each of SPO Advisory Partners and SF Advisory Partners,
WJP may be deemed to have shared power with JHS, WEO and EHM to vote or to
direct the vote and to dispose or to direct the disposition of 10,078,200 Shares
held by SPO and SFP in the aggregate. WJP may be deemed to have shared power to
vote or to direct the vote and to dispose or to direct the disposition of 21,900
Shares held by the Patterson Foundation.
EHM
As one of four controlling persons of SPO Advisory Corp., which is the
sole general partner of each of SPO Advisory Partners and SF Advisory Partners,
EHM may be deemed to have shared power with JHS, WEO and WJP to vote or to
direct the vote and to dispose or to direct the disposition of 10,078,200 Shares
held by SPO and SFP in the aggregate.
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Page 21 of 24 pages
Oberndorf Trust
Acting through its trustees, Oberndorf Trust has the sole power to vote
or to direct the vote and to dispose or to direct the disposition of 333,650
Shares in the aggregate.
OFP
OFP has the sole power to vote or to direct the vote and to dispose or
to direct the disposition of 100,000 Shares.
Patterson Foundation
Acting through its two controlling persons, directors and executive
officers, Patterson Foundation has the sole power to vote or to direct the vote
and to dispose or to direct the disposition of 21,900 Shares.
IRM
IRM has the sole power to vote or to direct the vote and to dispose or
to direct the disposition of 475 Shares.
BJW
BJW has the sole power to vote or to direct the vote and to dispose or
to direct the disposition of 5,000 Shares.
(c) During the past 60 days, the Reporting Persons purchased Shares in
open market transactions as set forth on Schedule I attached hereto.
Except as set forth in this paragraph (c), to the best of the knowledge
of each of the Reporting Persons, none of the persons named in response to
paragraph (a) has effected any transactions in Shares during the past 60 days.
(d) Each of the Reporting Persons affirms that no person other than
such Reporting Person has the right to receive or the power to direct the
receipt of distributions with respect to, or the proceeds from the sale of,
Shares owned by such Reporting Person.
(e) Not applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Item 7 is hereby amended and restated in its entirety as follows:
Exhibit A: Agreement pursuant to Rule 13d-1(k)
Exhibit B: Power of Attorney
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Page 22 of 24 pages
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.
Dated August 12, 2008 By: /s/ Kim M. Silva
--------------------------------
Kim M. Silva
Attorney-in-Fact for:
SPO PARTNERS II, L.P.(1)
SPO ADVISORY PARTNERS, L.P.(1)
SAN FRANCISCO PARTNERS II, L.P.(1)
SF ADVISORY PARTNERS, L.P.(1)
SPO ADVISORY CORP.(1)
JOHN H. SCULLY(1)
WILLIAM E. OBERNDORF(1)
WILLIAM J. PATTERSON(1)
EDWARD H. MCDERMOTT(2)
WILLIAM AND SUSAN OBERNDORF TRUST,
DATED 10/19/98 (1)
OBERNDORF FAMILY PARTNERS (1)
THE ELIZABETH R. & WILLIAM J.
PATTERSON FOUNDATION (1)
IAN R. MCGUIRE (1)
BETTY JANE WEIMER (1)
(1) A Power of Attorney
authorizing Kim M. Silva to
act on behalf of this
person or entity has been previously
filed with the Securities and
Exchange Commission.
(2) A Power of Attorney
authorizing Kim M. Silva to
act on behalf of this person or
entity is filed as Exhibit B.
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Page 23 of 24 pages
<TABLE>
<CAPTION>
SCHEDULE I TO SCHEDULE 13D
NUMBER
DATE OF OF PRICE PER WHERE/HOW TRANSACTION
REPORTING PERSON TRANSACTION TYPE SHARES SHARE ($) EFFECTED
- ------------------------------------------ ----------- ---- ------ --------- ---------------------
<S> <C> <C> <C> <C> <C>
None.
</TABLE>
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Page 24 of 24 pages
EXHIBIT INDEX
EXHIBIT DOCUMENT DESCRIPTION
- ------- ------------------------------------
A Agreement Pursuant to Rule 13d-1(k)
B Power of Attorney
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.A
<SEQUENCE>2
<FILENAME>ex-a.txt
<DESCRIPTION>AGREEMENT
<TEXT>
EXHIBIT A
Pursuant to Rule 13d-1(k) of Regulation 13D-G of the General Rules and
Regulations of the Securities and Exchange Commission under the Securities
Exchange Act of 1934, as amended, the undersigned agrees that the statement to
which this Exhibit is attached is filed on behalf of each of them in the
capacities set forth below.
Dated: August 12, 2008 By: /s/ Kim M. Silva
--------------------------------
Kim M. Silva
Attorney-in-Fact for:
SPO PARTNERS II, L.P.(1)
SPO ADVISORY PARTNERS, L.P.(1)
SAN FRANCISCO PARTNERS II, L.P.(1)
SF ADVISORY PARTNERS, L.P.(1)
SPO ADVISORY CORP.(1)
JOHN H. SCULLY(1)
WILLIAM E. OBERNDORF(1)
WILLIAM J. PATTERSON(1)
EDWARD H. MCDERMOTT(2)
WILLIAM AND SUSAN OBERNDORF TRUST,
DATED 10/19/98 (1)
OBERNDORF FAMILY PARTNERS (1)
THE ELIZABETH R. & WILLIAM J.
PATTERSON FOUNDATION (1)
IAN R. MCGUIRE (1)
BETTY JANE WEIMER (1)
(1) A Power of Attorney
authorizing Kim M. Silva to
act on behalf of this
person or entity has been previously
filed with the Securities and
Exchange Commission.
(2) A Power of Attorney
authorizing Kim M. Silva to
act on behalf of this person or
entity is filed as Exhibit B.
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.B
<SEQUENCE>3
<FILENAME>ex-b.txt
<DESCRIPTION>POWER OF ATTORNEY
<TEXT>
EXHIBIT B
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that Edward H. McDermott (a
"Grantor") has made, constituted and appointed, and by these presents does make,
constitute and appoint, each of William E. Oberndorf and Kim M. Silva (each an
"Attorney"), the true and lawful agent and attorney-in-fact, with full power of
substitution and resubstitution, of the Grantor, for and in Grantor's name,
place and stead, in any and all capacities, to do all or any of the following
acts, matters and things:
1. To sign on behalf of the Grantor statements on Schedule 13D or 13G or
Forms 3, 4 and 5, or amendments thereto pursuant to Section 13(d) or
Section 16 under the Securities Exchange Act of 1934.
2. To do all such other acts and things as, in such Attorney's
discretion, he or she deems appropriate or desirable for the purpose
of filing such statements on Schedule 13D or 13G or Forms 3, 4 and 5,
or amendments thereto.
3. To appoint in writing one or more substitutes who shall have the power
to act on behalf of the Grantor as if that substitute or those
substitutes shall have been originally appointed Attorney (s) by this
Power of Attorney and/or to revoke any such appointment at any time
without assigning any reason therefor.
The Grantor hereby ratifies and confirms all that said agents and
attorneys-in-fact or any substitute or substitutes may lawfully do or cause to
be done by virtue hereof. This Power of Attorney shall remain in full force and
effect until the undersigned is no longer required to file Forms 3, 4 and 5 or
to file reports under Section 13(d) of the Securities Exchange Act of 1934 with
respect to the undersigned's holdings of and transactions in securities issued
by Cabot Corporation, unless earlier revoked by the undersigned in a signed
writing delivered to the foregoing attorneys-in-fact.
The words Grantor and Attorney shall include all grantors and attorneys
under this Power of Attorney.
<PAGE>
IN WITNESS WHEREOF, Grantor duly assents to this Power of Attorney by
his, her or its signature as of the 12th day of August, 2008.
Edward H. McDermott
/s/ Edward H. McDermott
------------------------
</TEXT>
</DOCUMENT>