UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Teletouch Communications, Inc.
(Name of Issuer)
Common Stock, par value $0.001 per share
(Title of Class of Securities)
87951V 10 7
(CUSIP Number)
Copy to:
Marcus D. Wedner Jill Rose Tappert
Continental Illinois Venture Corporation Arnold & Porter
231 South LaSalle Street 1700 Lincoln Street, Suite 4000
Chicago, IL 60697 Denver, CO 80203
(312) 828-8021 (303) 863-1000
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
June 5, 1997
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13 to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Sec. 240.13d-1(e), 240.13d-l(f) or 240.13d-l(g), check the following []
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Sec. 240.13d-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).
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
CUSIP No. ......................................87951V 10 7 |
|
1. 1. |
Names of Reporting Persons Bank of America Corporation I.R.S. Identification Nos. of above persons (entities only) |
2. 2. |
Check the Appropriate Box if a Member of a Group (See Instructions) (a) / / (b) / X / |
3. 3. |
SEC Use Only |
4. 4. |
Source of Funds (See Instructions) N/A |
5. 5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) / / |
6. 6. |
Citizenship or Place of Organization Delaware |
Number of |
7. Sole Voting Power 0 |
Shares Beneficially Owned by |
8. Shared Voting Power 5,307,404 |
Each Reporting Person |
9. Sole Dispositive Power 0 |
With |
10. Shared Dispositive Power 5,307,404 |
11. 11. |
Aggregate Amount Beneficially Owned by Each Reporting Person 5,307,404 |
12. 12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) / X / |
13. 13. |
Percent of Class Represented by Amount in Row (11) 54.2% |
14. 14. |
Type of Reporting Person (See Instructions) CO |
CUSIP No. ......................................87951V 10 7 |
|
1. 1. |
Names of Reporting Persons NB Holding Corporation I.R.S. Identification Nos. of above persons (entities only) |
2. 2. |
Check the Appropriate Box if a Member of a Group (See Instructions) (a) / / (b) / X / |
3. 3. |
SEC Use Only |
4. 4. |
Source of Funds (See Instructions) N/A |
5. 5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) / / |
6. 6. |
Citizenship or Place of Organization Delaware |
Number of |
7. Sole Voting Power 0 |
Shares Beneficially Owned by |
8. Shared Voting Power 5,307,404 |
Each Reporting Person |
9. Sole Dispositive Power 0 |
With |
10. Shared Dispositive Power 5,307,404 |
11. 11. |
Aggregate Amount Beneficially Owned by Each Reporting Person 5,307,404 |
12. 12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) / X / |
13. 13. |
Percent of Class Represented by Amount in Row (11) 54.2% |
14. 14. |
Type of Reporting Person (See Instructions) CO |
CUSIP No. ......................................87951V 10 7 |
|
1. 1. |
Names of Reporting Persons Bank of America, National Association I.R.S. Identification Nos. of above persons (entities only) |
2. 2. |
Check the Appropriate Box if a Member of a Group (See Instructions) (a) / / (b) / X / |
3. 3. |
SEC Use Only |
4. 4. |
Source of Funds (See Instructions) N/A |
5. 5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) / / |
6. 6. |
Citizenship or Place of Organization United States |
Number of |
7. Sole Voting Power 0 |
Shares Beneficially Owned by |
8. Shared Voting Power 5,307,404 |
Each Reporting Person |
9. Sole Dispositive Power 0 |
With |
10. Shared Dispositive Power 5,307,404 |
11. 11. |
Aggregate Amount Beneficially Owned by Each Reporting Person 5,307,404 |
12. 12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) / X / |
13. 13. |
Percent of Class Represented by Amount in Row (11) 54.2% |
14. 14. |
Type of Reporting Person (See Instructions) CO |
CUSIP No. ......................................87951V 10 7 |
|
1. 1. |
Names of Reporting Persons Continental Illinois Venture Corporation I.R.S. Identification Nos. of above persons (entities only) |
2. 2. |
Check the Appropriate Box if a Member of a Group (See Instructions) (a) / X / (b) / / |
3. 3. |
SEC Use Only |
4. 4. |
Source of Funds (See Instructions) WC |
5. 5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) / / |
6. 6. |
Citizenship or Place of Organization Delaware |
Number of |
7. Sole Voting Power 5,307,404 |
Shares Beneficially Owned by |
8. Shared Voting Power 0 |
Each Reporting Person |
9. Sole Dispositive Power 5,307,404 |
With |
10. Shared Dispositive Power 0 |
11. 11. |
Aggregate Amount Beneficially Owned by Each Reporting Person 5,307,404 |
12. 12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) / X / |
13. 13. |
Percent of Class Represented by Amount in Row (11) 54.2% |
14. 14. |
Type of Reporting Person (See Instructions) CO |
CUSIP No. ......................................87951V 10 7 |
|
1. 1. |
Names of Reporting Persons CIVC Partners I I.R.S. Identification Nos. of above persons (entities only) |
2. 2. |
Check the Appropriate Box if a Member of a Group (See Instructions) (a) / X / (b) / / |
3. 3. |
SEC Use Only |
4. 4. |
Source of Funds (See Instructions) WC, BK |
5. 5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) / / |
6. 6. |
Citizenship or Place of Organization Delaware |
Number of |
7. Sole Voting Power 511,763 |
Shares Beneficially Owned by |
8. Shared Voting Power 0 |
Each Reporting Person |
9. Sole Dispositive Power 511,763 |
With |
10. Shared Dispositive Power 0 |
11. 11. |
Aggregate Amount Beneficially Owned by Each Reporting Person 511,763 |
12. 12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) / / |
13. 13. |
Percent of Class Represented by Amount in Row (11) 10.0% |
14. 14. |
Type of Reporting Person (See Instructions) PN |
CUSIP No. ......................................87951V 10 7 |
|
1. 1. |
Names of Reporting Persons Marcus D. Wedner I.R.S. Identification Nos. of above persons (entities only) |
2. 2. |
Check the Appropriate Box if a Member of a Group (See Instructions) (a) / / (b) / X / |
3. 3. |
SEC Use Only |
4. 4. |
Source of Funds (See Instructions) N/A |
5. 5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) / / |
6. 6. |
Citizenship or Place of Organization United States |
Number of |
7. Sole Voting Power 6,666 |
Shares Beneficially Owned by |
8. Shared Voting Power 511,763 |
Each Reporting Person |
9. Sole Dispositive Power 6,666 |
With |
10. Shared Dispositive Power 511,763 |
11. 11. |
Aggregate Amount Beneficially Owned by Each Reporting Person 518,429 |
12. 12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) / X / |
13. 13. |
Percent of Class Represented by Amount in Row (11) 10.1% |
14. 14. |
Type of Reporting Person (See Instructions) IN |
CUSIP No. ......................................87951V 10 7 |
|
1. 1. |
Names of Reporting Persons Daniel G. Helle I.R.S. Identification Nos. of above persons (entities only) |
2. 2. |
Check the Appropriate Box if a Member of a Group (See Instructions) (a) / / (b) / X / |
3. 3. |
SEC Use Only |
4. 4. |
Source of Funds (See Instructions) N/A |
5. 5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) / / |
6. 6. |
Citizenship or Place of Organization United States |
Number of |
7. Sole Voting Power 0 |
Shares Beneficially Owned by |
8. Shared Voting Power 511,763 |
Each Reporting Person |
9. Sole Dispositive Power 0 |
With |
10. Shared Dispositive Power 511,763 |
11. 11. |
Aggregate Amount Beneficially Owned by Each Reporting Person 511,763 |
12. 12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) / / |
13. 13. |
Percent of Class Represented by Amount in Row (11) 10.0% |
14. 14. |
Type of Reporting Person (See Instructions) IN |
CUSIP No. ......................................87951V 10 7 |
|
1. 1. |
Names of Reporting Persons Sue C. Rushmore I.R.S. Identification Nos. of above persons (entities only) |
2. 2. |
Check the Appropriate Box if a Member of a Group (See Instructions) (a) / / (b) / X / |
3. 3. |
SEC Use Only |
4. 4. |
Source of Funds (See Instructions) N/A |
5. 5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) / / |
6. 6. |
Citizenship or Place of Organization United States |
Number of |
7. Sole Voting Power 0 |
Shares Beneficially Owned by |
8. Shared Voting Power 511,763 |
Each Reporting Person |
9. Sole Dispositive Power 0 |
With |
10. Shared Dispositive Power 511,763 |
11. 11. |
Aggregate Amount Beneficially Owned by Each Reporting Person 511,763 |
12. 12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) / / |
13. 13. |
Percent of Class Represented by Amount in Row (11) 10.0% |
14. 14. |
Type of Reporting Person (See Instructions) IN |
CUSIP No. ......................................87951V 10 7 |
|
1. 1. |
Names of Reporting Persons Thomas E. VanPelt, Jr. I.R.S. Identification Nos. of above persons (entities only) |
2. 2. |
Check the Appropriate Box if a Member of a Group (See Instructions) (a) / / (b) / X / |
3. 3. |
SEC Use Only |
4. 4. |
Source of Funds (See Instructions) N/A |
5. 5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) / / |
6. 6. |
Citizenship or Place of Organization United States |
Number of |
7. Sole Voting Power 7,332 |
Shares Beneficially Owned by |
8. Shared Voting Power 511,763 |
Each Reporting Person |
9. Sole Dispositive Power 7,332 |
With |
10. Shared Dispositive Power 511,763 |
11. 11. |
Aggregate Amount Beneficially Owned by Each Reporting Person 519,095 |
12. 12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) / / |
13. 13. |
Percent of Class Represented by Amount in Row (11) 10.1% |
14. 14. |
Type of Reporting Person (See Instructions) IN |
CUSIP No. ......................................87951V 10 7 |
|
1. 1. |
Names of Reporting Persons Christopher J. Perry I.R.S. Identification Nos. of above persons (entities only) |
2. 2. |
Check the Appropriate Box if a Member of a Group (See Instructions) (a) / / (b) / X / |
3. 3. |
SEC Use Only |
4. 4. |
Source of Funds (See Instructions) N/A |
5. 5. |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) / / |
6. 6. |
Citizenship or Place of Organization United States |
Number of |
7. Sole Voting Power 6,666 |
Shares Beneficially Owned by |
8. Shared Voting Power 511,763 |
Each Reporting Person |
9. Sole Dispositive Power 6,666 |
With |
10. Shared Dispositive Power 511,763 |
11. 11. |
Aggregate Amount Beneficially Owned by Each Reporting Person 518,429 |
12. 12. |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) / / |
13. 13. |
Percent of Class Represented by Amount in Row (11) 10.1% |
14. 14. |
Type of Reporting Person (See Instructions) IN |
Introductory Statement
The previous disclosures by the Filing Persons (as defined below) on Schedule 13D, filed April 26, 1996 (the "Schedule"), as amended August 30, 1996 (together, the "Previous Disclosure"), are further amended by this Amendment No. 2 to Schedule 13D (the "Amendment").
Item 1. Security and Issuer
This Statement relates to shares of Common Stock, par value $0.001 per share (the "Common Stock"), of Teletouch Communications, Inc., a Delaware corporation (the "Company").
The address of the Company's principal executive office is 110 North College, Suite 200, Tyler, Texas 75702.
In June 1998, the Company effected a two-for-three reverse split of the Common Stock. All figures in this Amendment have been calculated or adjusted to give effect to the reverse split.
Item 2. Identity and Background
This Amendment is jointly filed on behalf of each of the following persons with respect to the Common Stock:
The entities and natural persons identified in (i)-(x) above are collectively referred to herein as the "Filing Persons" and the natural persons identified in (vi)-(x) above are collectively referred to herein as the "General Partners."
The Filing Persons hereby make a single joint filing pursuant to Rule 13d-1(k). Information with respect to each of the Filing Persons is given solely by such Filing Persons, and no Filing Person assumes responsibility for the accuracy or completeness of information by another Filing Person. By their signatures on this Amendment, each of the Filing Persons agrees that this Amendment is filed on behalf of such Filing Persons.
The Filing Persons expressly disclaim that they have agreed to act as a group (a "Group") as such term is described under Section 13(d)(3) of the Securities Exchange Act of 1934 (the "Act") other than as described in this Amendment or, if applicable, the Previous Disclosure. As disclosed below, certain of the General Partners have positions with both CIVC and CIVC Partners I. CIVC, CIVC Partners I, and the General Partners, however, have not agreed to act as a Group other than as described in this Amendment or, if applicable, the Previous Disclosure. CIVC and CIVC Partners I have agreed to act as a Group regarding the disposition of shares of Common Stock as described in Items 4 and 5 of this Amendment.
For purposes of this Amendment, "Control Persons" shall mean those individuals identified in General Instruction C to Schedule 13D and Exhibits B-F hereto, provided, however, that any such person who is a Filing Person as set forth above shall not be a Control Person.
A. NATURAL PERSONS
Helle
Business Address: 231 South La Salle Street, Chicago, IL 60697.
Present Principal Occupation and Name, Address, and Principal Business of Organization in which such Occupation is Conducted: General Partner of CIVC Partners I (see below for information regarding CIVC Partners I); Managing Director and Director of CIVC (see below for information regarding CIVC).
Citizenship: United States.
Perry
Business Address: 231 South La Salle Street, Chicago, IL 60697.
Present Principal Occupation and Name, Address, and Principal Business of Organization in which such Occupation is Conducted: General Partner of CIVC Partners I (see below for information regarding CIVC Partners I); President, Managing Director, and Director of CIVC (see below for information regarding CIVC).
Citizenship: United States.
Rushmore
Business Address: 231 South La Salle Street, Chicago, IL 60697.
Present Principal Occupation and Name, Address, and Principal Business of Organization in which such Occupation is Conducted: General Partner of CIVC Partners I (see below for information regarding CIVC Partners I); Managing Director of CIVC (see below for information regarding CIVC).
Citizenship: United States.
VanPelt
Business Address: 350 Talon Centre, Detroit, MI 48207.
Present Principal Occupation and Name, Address, and Principal Business of Organization in which such Occupation is Conducted: General Partner of CIVC Partners I (see below for information regarding CIVC Partners I); Principal of Talon Group, LLC (350 Talon Centre, Detroit, MI 48207; Holding and investing in diversified manufacturing entities); Director of the Company (see Item 1 above for address of the Company; Providing telecommunications services).
Citizenship: United States.
Wedner
Business Address: 231 South La Salle Street, Chicago, IL 60697.
Present Principal Occupation and Name, Address, and Principal Business of Organization in which such Occupation is Conducted: General Partner of CIVC Partners I (see below for information regarding CIVC Partners I); Managing Director and Director of CIVC (see below for information regarding CIVC); Director of the Company (see Item 1 above for address of the Company; Providing telecommunications services).
Citizenship: United States.
B. ENTITIES
CIVC
State of Organization: Delaware
Principal Business: Providing debt and equity financing to businesses in the United States.
Address of Principal Office: 231 South LaSalle Street, Chicago, IL 60697.
Name, Business Address, Present Principal Occupation, and Citizenship of each Control Person of CIVC: See Exhibit B hereto, which is incorporated herein by reference.
B of A
State of Organization: Illinois
Principal Business: Banking.
Address of Principal Office: 101 North Tryon Street, Charlotte, NC 28255.
Name, Business Address, Present Principal Occupation, and Citizenship of each Control Person of B of A: See Exhibit C hereto, which is incorporated herein by reference.
At the time of the Previous Disclosures, Bank of America Illinois was the Filing Person. Bank of America Illinois merged with Bank of America NT & SA and the surviving entity changed its name to Bank of America, National Association.
BAC
State of Organization: Delaware
Principal Business: Providing financial services to businesses, governments, financial institutions and individuals in the United States and through the world.
Address of Principal Office: 101 North Tryon Street, Charlotte, NC 28255.
Name, Business Address, Present Principal Occupation, and Citizenship of each Control Person of BAC: See Exhibit D hereto, which is incorporated herein by reference.
At the time of the Previous Disclosures, the name of the Filing Person was BankAmerica Corporation. BankAmerica Corporation filed an Amended and Restated Certificate of Incorporation with the Secretary of State of Delaware on April 28, 1999, to effect a name change to Bank of America Corporation.
CIVC Partners I
State of Organization: Delaware
Principal Business: Providing debt and equity financing to businesses in the United States.
Address of Principal Office: 231 South La Salle Street, Chicago, IL 60697.
Name, Business Address, Present Principal Occupation, and Citizenship of each Control Person of CIVC Partners I: See Exhibit E hereto, which is incorporated herein by reference.
NB
State of Organization: Delaware
Principal Business: Acting as a holding corporation.
Address of Principal Office: 101 North Tryon Street, Charlotte, NC 28255.
Name, Business Address, Present Principal Occupation, and Citizenship of each Control Person of NB Holdings: See Exhibit F hereto, which is incorporated herein by reference.
C. FILING PERSONS AND CONTROL PERSONS
None of the Filing Persons, nor the Control Persons, have, during the last five years, (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) been a party to a civil proceeding and as a result of which was or is subject to a judgment, decree or final order enjoining future violations or, or prohibiting or mandating activities subject to, federal or state securities laws, or a judgment decree or final order finding any violations with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
The Company, CIVC, CIVC Partners I and certain other persons are parties to an Amended and Restated Subordinated Note, Preferred Stock and Warrant Purchase Agreement, dated as of August 3, 1995 (the "Purchase Agreement"). A copy of the Purchase Agreement was filed by the Company with the SEC on August 18, 1995, as an exhibit to the Company's Form 8-K and was incorporated by reference into the Previous Disclosures.
Pursuant to the Purchase Agreement, on August 3, 1995, CIVC acquired, among other securities, warrants (the "Common Stock Warrants") to purchase 2,660,840 shares of Common Stock (underlying shares of Common Stock, the " Warrant Shares") at a price of $1.71 per warrant, for a total purchase price of $4,542,469.00, and warrants (the "Series B Warrants" and together with the Common Stock Warrants, the "Warrants") to purchase 324,173 shares of Series B Preferred Stock of the Company which are each presently convertible into six shares of Common Stock (underlying shares of Common Stock, the "Conversion Shares") at a price of $1.71 per warrant, for a total purchase price of $3,320,489.00. The source of such funds was internal capital.
Pursuant to the Purchase Agreement, on August 3, 1995, CIVC Partners I acquired, among other securities, Common Stock Warrants to purchase 295,649 Warrant Shares at a price of $1.71 per warrant, for a total purchase price of $504,719.00 and Series B Warrants to purchase 36,019 Conversion Shares at a price of $1.71 per warrant, for a total purchase price of $368,943.00. The source of such funds was internal capital and funds borrowed from Bank America Investment Corp., a related entity, at an annual interest rate of 6.13%, pursuant to a revolving credit facility. In September 1995, CIVC Partners I exercised its Warrants at an exercise price of $0.015 per Warrant for a total exercise price of $4,975.02. The source of such funds was internal capital.
A form of Common Stock Purchase Warrant and a form of Series B Preferred Stock Purchase Warrant were filed by the Company with the SEC on August 18, 1995, as exhibits to the Company's Form 8-K. The form of Common Stock Purchase Warrant was incorporated by reference into the Previous Disclosure. The form of Series B Preferred Stock Purchase Warrant is hereby incorporated by reference into this Amendment.
Item 4. Purpose of Transaction
CIVC and CIVC Partners I acquired the Warrants and CIVC Partners I acquired the Warrant Shares for investment purposes. Depending on market conditions and other factors (including evaluation of the Company's businesses and prospects, availability of funds, alternative uses of funds and general economic conditions), CIVC and CIVC Partners I may from time to time purchase additional securities of the Company or dispose of all or a portion of its investment in the Company.
Except as set forth below, none of the Filing Persons nor the Control Persons has any present plan or proposal that relates to or would result in: (i) the acquisition by any person of additional securities of the Company, or the disposition of securities of the Company; (ii) an extraordinary corporate transaction, involving the Company or any of its subsidiaries; (iii) a sale or transfer of a material amount of assets of the Company or any of its subsidiaries; (iv) any change in the present board of directors of the Company or management of the Company; (v) any material change in the present capitalization or dividend policy of the Company; (vi) any material change in the Company's business or corporate structure; (vii) any change in the Company's certificate of incorporation or bylaws, or other action which may impede the acquisition of control of the Company by any person; (viii) causing a class of securities of the Company to be delisted from a national securities exchange; (ix) a class of equity securities of the Company becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or (x) any action similar to any of the foregoing.
The Company, CIVC, CIVC Partners I and certain other stockholders of the Company are parties to a Stockholders Agreement, dated as of August 3, 1995 (the "Stockholders Agreement") which governs certain rights and obligations regarding, among other securities, the Warrant Shares and the Conversion Shares (together, the "Stockholder Shares"). Presently, stockholders (other than CIVC) holding an aggregate of 2,489,812 Stockholder Shares are parties to the Stockholders Agreement.
The Stockholders Agreement provides, among other things, that CIVC shall have certain voting rights.
(i) Pursuant to the terms of the Stockholders Agreement, CIVC, as the holder of a majority of the Underlying Shares (as defined in the Stockholders Agreement), had the right to designate a number of directors to the Company's board of directors equal to the number which is one less than a majority of the directors (initially three of seven) until August 3, 1997. Following August 3, 1997, CIVC has the right to designate a majority of the Company's board of directors (e.g., four of seven). In general, each party to the Stockholders Agreement agreed under certain circumstances to vote all of his or its Stockholder Shares in favor of the persons designated by CIVC.
(ii) All but one party to the Stockholders Agreement also agreed under certain circumstances to vote all of his or its Stockholder Shares in favor of a Sale of the Company (as defined in the Stockholders Agreement) if proposed by parties to the Stockholders Agreement holding a majority of the Underlying Shares, presently CIVC.
(iii) GM Holdings, L.L.C. ("GM"), which holds an aggregate of 701,526 Stockholder Shares, agreed to vote its shares of Common Stock only as directed by CIVC.
The Stockholders Agreement also provides that CIVC shall have certain disposition powers.
(i) All but one party to the Stockholders Agreement agreed under certain circumstances to participate in, and raise no objection to, a Sale of the Company, including the sale of his or its capital stock of the Company, if proposed by parties to the Stockholders Agreement holding a majority of the Underlying Shares, presently CIVC.
(ii) GM, which holds an aggregate of 701,526 Stockholder Shares, agreed to dispose of its shares of Common Stock only as directed by CIVC.
Pursuant to the Stockholders Agreement, Wedner and VanPelt presently serve as Directors of the Company and Perry served as a Director of the Company from August of 1995 through March of 1998.
A copy of the Stockholders Agreement was filed by the Company with the SEC on August 18, 1995, as an exhibit to the Company's Form 8-K and was incorporated by reference into the Previous Disclosure.
Pursuant to a Registration Agreement, dated as of August 3, 1995, by and among the Company, CIVC, CIVC Partners I and certain other stockholders of the Company (the "Registration Agreement"), CIVC, CIVC Partners I and certain other stockholders of the Company were granted certain registration rights with respect to their Warrants Shares and Conversion Shares. A copy of the Registration Agreement was filed by the Company with the SEC on August 18, 1995, as an exhibit to the Company's Form 8-K and was incorporated by reference into the Previous Disclosures.
Pursuant to a Form of Plan of Divestiture, dated as of August 3, 1995, by the Company, CIVC, and CIVC Partners I (the "Divestiture Agreement"), CIVC and CIVC Partners I agreed to dispose of shares of Common Stock by August 3, 2002, or by such other date as provided by regulations (the "SBA Regulations") under the Small Business Investment Act of 1958, as amended. CIVC and CIVC Partners I agreed to reduce their percentage ownership of the Company's voting securities to a percentage at which CIVC and CIVC Partners I, in the aggregate, would no longer be presumed to have control of the Company as such term is described under the SBA Regulations.
A copy of the Divestiture Agreement is attached hereto as Exhibit H and is hereby incorporated by reference into this Amendment.
The summaries of the agreements referred to in this Item 4 and elsewhere in this Amendment are not intended to be complete and are qualified in their entirely by reference to the detailed provisions of such agreements.
Item 5. Interest in Securities of the Issuer
Event that Requires Filing of this Amendment
The Filings Persons became the direct or indirect beneficial owners of the Conversion Shares, as set forth in this Item 5, on June 5, 1997, the date on which they obtained the right to acquire those shares within 60 days.
Filing Persons and Control Persons
CIVC, BAC, B of A, and NB disclaim indirect beneficial ownership of all Stockholder Shares, except those Stockholder Shares held by GM. Accordingly, CIVC, BAC, B of A, and NB disclaim indirect beneficial ownership of 1,788,286 of the 2,489,812 Stockholder Shares (such total number Stockholder Shares does not include those held directly by CIVC) and have not included such shares in the calculation of their beneficial ownership of the Common Stock.
CIVC, BAC, B of A, and NB disclaim indirect beneficial ownership of the 511,763 shares of Common Stock directly-owned by CIVC Partners I and have not included such shares in the calculation of their beneficial ownership of the Common Stock.
The filing of this Statement by B of A, BAC, NB, CIVC, and each of the General Partners shall not be construed as an admission that any of them is, for the purpose of Section 13(d) or 13(g) of the Act, the indirect beneficial owner of any securities covered by this Statement.
Each of the Control Persons, to the best of the Filing Person's belief, beneficially owns 0 shares of Common Stock.
None of the Filing Persons nor the Control Persons has effected a transaction in the Common Stock within the past sixty days.
CIVC Partners I
CIVC Partners I is the direct beneficial owner of 511,763 shares of Common Stock, comprised of 295,649 shares of Common Stock and 216,114 Conversion Shares that it has the right to acquire within 60 days. Based on 4,898,192 shares of Common Stock outstanding as of the time of the filing of this Amendment and based on the conversion of the Conversion Shares held by CIVC Partners I (which increases the number of outstanding shares of Common Stock to 5,114,306), CIVC Partners I is the direct beneficial owner of 10.0% of the outstanding shares of Common Stock.
CIVC Partners I is the indirect beneficial owner of 0 shares of Common Stock.
CIVC Partners I has sole power, though the General Partners, to vote or to direct the vote and to dispose or to direct the disposition of the 511,763 directly-owned shares of Common Stock.
CIVC
CIVC is the direct beneficial owner of 4,605,878 shares of Common Stock, comprised of 1,945,038 Conversion Shares and 2,660,840 Warrant Shares that it has the right to acquire within 60 days.
CIVC may be deemed to the be the indirect beneficial owner of 701,526 shares of Common Stock, comprised of shares directly owned by GM (296,250 of which are Conversion Shares that GM has the right to acquire within 60 days). Such indirect beneficial ownership may be deemed to result from the voting and disposition powers granted to CIVC by GM pursuant to the Stockholders Agreement.
Based on 4,898,192 shares of Common Stock outstanding as of the time of the filing of this Amendment and based on the conversion and exercise of the Conversion Shares and Warrant Shares held by CIVC and based on the conversion of the Conversion Shares held by GM (which increases the number of outstanding shares of Common Stock to 9,800,320), CIVC Partners I is the direct and indirect beneficial owner of 54.2% of the outstanding shares of Common Stock.
CIVC may also be deemed to be the indirect beneficial owner of the Stockholder Shares directly-owned by parties to the Stockholder Agreement other than GM and of the Common Stock directly-owned by CIVC Partners I. As set forth above, CIVC disclaims beneficial ownership of such shares.
Except as set forth below regarding the relationship of B of A, BAC, and NB to CIVC, CIVC has sole power to vote or to direct the vote and to dispose or to direct the disposition of the 5,307,404 shares of Common Stock directly-owned by CIVC and GM.
Group of CIVC and CIVC Partners I
As a result of the Divestiture Agreement, CIVC and CIVC Partners I may be deemed to be a Group. In the aggregate, CIVC and CIVC Partners I are the direct and indirect beneficial owners of 5,819,167 shares of Common Stock, comprised of 700,925 shares of Common Stock, 2,457,402 Conversion Shares that CIVC, CIVC Partners I, and GM have the right to acquire within 60 days, and 2,660,840 Warrant Shares that CIVC has the right to acquire within 60 days. Based on 4,898,192 shares of Common Stock outstanding as of the time of the filing of this Amendment and based on the conversion of the Conversion Shares held by CIVC, CIVC Partners I, and GM and based on the exercise of the Warrant Shares held by CIVC (which increases the number of outstanding shares of Common Stock to 10,016,434), in the aggregate, CIVC and CIVC Partners I are the direct and indirect beneficial owners of 58.1% of the outstanding shares of Common Stock.
BAC, B of A, and NB
BAC, B of A, and NB are each the direct beneficial owner of 0 shares of Common Stock.
BAC, B of A, and NB may each be deemed to be the indirect beneficial owner of 5,307,404 shares of Common Stock, comprised of 4,605,878 shares directly owned by CIVC (all of which are Conversion Shares or Warrant Shares that CIVC has the right to acquire within 60 days) and 701,526 shares indirectly owned by CIVC (296,250 of which are Conversion Shares that GM has the right to acquire within 60 days). Such indirect beneficial ownership may be deemed to result from the ownership by B of A of all of the outstanding common stock of CIVC, from the ownership by NB of all of the outstanding common stock of B of A, and from the ownership by BAC of all of the outstanding common stock of NB.
Based on 4,898,192 shares of Common Stock outstanding as of the time of the filing of this Amendment and based on the conversion and exercise of the Conversion Shares and Warrant Shares held by CIVC and based on the conversion of the Conversion Shares held by GM (which increases the number of outstanding shares of Common Stock to 9,800,320), BAC, B of A, and NB are each the indirect beneficial owner of 54.2% of the outstanding shares of Common Stock.
BAC, B of A, and NB may also be deemed to be the indirect beneficial owners of the Stockholder Shares directly-owned by parties to the Stockholders Agreement other than GM and of the Common Stock directly-owned by CIVC Partners I. As set forth above, BAC, B of A, and NB disclaim indirect beneficial ownership of such shares.
BAC and B of A each have shared power to vote or to direct the vote and to dispose or to direct the disposition of the 5,307,404 shares of Common Stock directly and indirectly owned CIVC.
Helle and Rushmore
Helle and Rushmore are each the direct beneficial owner of 0 shares of Common Stock.
Helle and Rushmore may each be deemed to be the indirect beneficial owner of 511,763 shares of Common Stock, comprised solely of shares directly owned by CIVC Partners I (216,114 of which are Conversion Shares that CIVC Partners I has the right to acquire within 60 days). Such indirect beneficial ownership may be deemed to result from each person's position as a General Partner of CIVC Partners I.
Based on 4,898,192 shares of Common Stock outstanding as of the time of the filing of this Amendment and based on the conversion of the Conversion Shares held by CIVC Partners I (which increases the number of outstanding shares of Common Stock to 5,114,306), Helle and Rushmore are each the direct and indirect beneficial owner of 10.0% of the outstanding shares of Common Stock.
Helle and Rushmore each have shared power to vote or to direct the vote and to dispose or to direct the disposition of the 511,763 shares of Common Stock directly owned by CIVC Partners I.
Wedner and Perry
Wedner and Perry are each the direct beneficial owner of 6,666 shares of Common Stock, comprised solely of shares that each person has the right to acquire within 60 days upon the exercise of stock options.
Wedner and Perry may each be deemed to be the indirect beneficial owner of 511,763 shares of Common Stock, comprised solely of shares directly owned by CIVC Partners I (216,114 of which are Conversion Shares that CIVC Partners I has the right to acquire within 60 days). Such indirect beneficial ownership may be deemed to result from each person's position as a General Partner of CIVC Partners I.
Based on 4,898,192 shares of Common Stock outstanding as of the time of the filing of this Amendment and based on the exercise of the stock options held by Wedner and Perry and based on the conversion of the Conversion Shares held by CIVC Partners I (which increases the number of outstanding shares of Common Stock to 5,120,972), Wedner and Perry are each the direct and indirect beneficial owner of 10.1% of the outstanding shares of Common Stock.
Wedner disclaims indirect beneficial ownership of the 5,307,404 shares of Common Stock directly and indirectly owned by CIVC and has not included such shares in the calculation of his beneficial ownership of the Common Stock.
Wedner and Perry each has the sole power to vote or to direct the vote and to dispose or to direct the disposition each person's 6,666 directly-owned shares of Common Stock. Wedner and Perry each has the shared power to vote or to direct the vote and to dispose or to direct the disposition of the 511,763 shares of Common Stock directly-owned by CIVC Partners I.
VanPelt
VanPelt is the direct beneficial owner of 7,332 shares of Common Stock, comprised solely of shares that he has the right to acquire within 60 days upon the exercise of stock options.
VanPelt may be deemed to be the indirect beneficial owner of 511,763 shares of Common Stock, comprised solely of shares directly owned by CIVC Partners I (216,114 of which are Conversion Shares that CIVC Partners I has the right to acquire within 60 days). Such indirect beneficial ownership may be deemed to result from VanPelt's position as a General Partner of CIVC Partners I.
Based on 4,898,192 shares of Common Stock outstanding as of the time of the filing of this Amendment and based on the exercise of the stock options held by VanPelt and based on the conversion of the Conversion Shares held by CIVC Partners I (which increases the number of outstanding shares of Common Stock to 5,121,638), VanPelt is the direct and indirect beneficial owner of 10.1% of the outstanding shares of Common Stock.
VanPelt disclaims indirect beneficial ownership of the 5,307,404 shares of Common Stock directly and indirectly owned by CIVC and has not included such shares in the calculation of his beneficial ownership of the Common Stock.
VanPelt has the sole power to vote or to direct the vote and to dispose or to direct the disposition of the 7,332 directly-owned shares of Common Stock. VanPelt has shared power to vote or to direct the vote and to dispose or to direct the disposition of the 511,763 shares of Common Stock directly-owned by CIVC Partners I.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
Except as set forth in Item 4, to the best knowledge of the Filing Persons, no contracts, arrangements, understandings or relationships (legal or otherwise) exist among the Filing Persons and Control Persons or between such persons and any other person with respect to any securities of the Company, including, but not limited to, transfer or voting of any such securities, finder's fees, joint venture, loan or option arrangements, puts or calls, guarantees of profits, divisions of profits or loss, or the giving or withholding of proxies.
Item 7. Material to Be Filed as Exhibits
Exhibit A - Statement of Filing Persons pursuant to Rule 13d-1(k).
Exhibit B - CIVC: Name, Business Address, Present Principal Occupation, and Citizenship of Each Control Person.
Exhibit C - B of A: Name, Business Address, Present Principal Occupation, and Citizenship of Each Control Person.
Exhibit D - BAC: Name, Business Address, Present Principal Occupation, and Citizenship of Each Control Person.
Exhibit E - CIVC Partners I: Name, Business Address, Present Principal Occupation, and Citizenship of Each Control Person.
Exhibit F - NB: Name, Business Address, Present Principal Occupation, and Citizenship of Each Control Person.
Exhibit G - Form of Series B Preferred Stock Purchase Warrant, incorporated by reference to Exhibit 4.5 to the Company's Form 8-K, filed on August 18, 1995 (Commission File Number 0-24992).
Exhibit H - Form of Plan of Divestiture, dated August 3, 1995, by CIVC, CIVC Partners I, and the Company.
Signature Page
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.
Bank of America Corporation
By:
/s/ James H. Hance, Jr. June 21, 2001
Name: James H. Hance, Jr.
Title: Chief Financial Officer and
Vice Chairman of the Board
Bank of America, National Association
By:
/s/ James H. Hance, Jr. June 21, 2001
Name: James H. Hance, Jr.
Title: Vice Chairman of the Board
Continental Illinois Venture Corporation
By:
/s/ Christopher J. Perry June 18, 2001
Name: Christopher J. Perry
Title: President and Managing Director
CIVC Partners I
By:
/s/ Marcus D. Wedner June 18, 2001
Name: Marcus D. Wedner
Title: General Partner
NB Holdings Corporation
By:
/s/ James H. Hance, Jr. June 21, 2001
Name: James H. Hance, Jr.
Title: Vice Chairman of the Board
/s/ Marcus D. Wedner June 18, 2001
Marcus D. Wedner
/s/ Daniel G. Helle June 19, 2001
Daniel G. Helle
/s/ Sue C. Rushmore June 18, 2001
Sue C. Rushmore
/s/ Thomas E. VanPelt, Jr. June 19, 2001
Thomas E. VanPelt, Jr.
/s/ Christopher J. Perry June 18, 2001
Christopher J. Perry
Exhibit A
Statement of Joint Filing
Each of the Filing Persons hereby agrees that this Amendment is filed on behalf of each of the Filing Persons.
Bank of America Corporation
By:
/s/ James H. Hance, Jr. June 21, 2001
Name: James H. Hance, Jr.
Title: Chief Financial Officer and
Vice Chairman of the Board
Bank of America, National Association
By:
/s/ James H. Hance, Jr. June 21, 2001
Name: James H. Hance, Jr.
Title: Vice Chairman of the Board
Continental Illinois Venture Corporation
By:
/s/ Christopher J. Perry June 18, 2001
Name: Christopher J. Perry
Title: President and Managing Director
CIVC Partners I
By:
/s/ Marcus D. Wedner June 18, 2001
Name: Marcus D. Wedner
Title: General Partner
NB Holdings Corporation
By:
/s/ James H. Hance, Jr. June 21, 2001
Name: James H. Hance, Jr.
Title: Vice Chairman of the Board
/s/ Marcus D. Wedner June 18, 2001
Marcus D. Wedner
/s/ Daniel G. Helle June 19, 2001
Daniel G. Helle
/s/ Sue C. Rushmore June 18, 2001
Sue C. Rushmore
/s/ Thomas E. VanPelt, Jr. June 19, 2001
Thomas E. VanPelt, Jr.
/s/ Christopher J. Perry June 18, 2001
Christopher J. Perry
Exhibit B
CIVC
Name, Residence or Business Address, Present Principal Occupation, and Citizenship of Each Control Person
Each Control Person is a citizen of the United States.
In the interest of a complete presentation, Filing Persons are included below and are indicated with an asterisk.
Name and Position at CIVC |
Residence or Business Address |
Present Principal Occupation In Addition To or Other Than Position at CIVC |
Principal Business and Address of Organization in which such Occupation is Conducted |
James H. Hance, Jr. Chairman of the Board and Director |
100 North Tryon Street |
Director, Vice Chairman of the Board and Chief Financial Officer of BAC; Director and Vice Chairman of the Board of B of A; Director and Vice Chairman of the Board of NB |
See the text of Amendment Item 2.B. |
Edward J. McCaffrey Managing Director, Chief Investment Officer and Director |
231 South La Salle Street Chicago, IL 60697 |
Chief Investment Officer of Banc of America Equity Partners; Executive Vice President of B of A |
financing; see the text of Amendment Item 2.B. 231 South La Salle Street Chicago, IL 60697; see the text of Amendment Item 2.B. |
Daniel G. Helle* Managing Director and Director |
231 South La Salle Street Chicago, IL 60697 |
General Partner of CIVC Partners I; Managing Director of B of A |
See the text of Amendment Item 2.B. |
Christopher J. Perry* President, Managing Director and Director |
231 South La Salle Street Chicago, IL 60697 |
General Partner of CIVC Partners I; Managing Director of B of A |
See the text of Amendment Item 2.B. |
Terry E. Perucca Vice Chairman of the Board and Director |
231 South La Salle Street Chicago, IL 60697 |
President of Bank of America, Chicago; President of Banc of America Equity Partners; Group Executive Vice President of B of A |
banking; financing; see the text of Amendment Item 2.B. 231 South La Salle Street Chicago, IL 60697; see the text of Amendment Item 2.B. |
Marcus D. Wedner* Managing Director and Director |
231 South La Salle Street Chicago, IL 60697 |
General Partner of CIVC Partners I; Managing Director of B of A; Director of the Company |
See the text of Amendment Item 2.B; see the text of Amendment Item 2.A. |
Exhibit C
B of A
Name, Residence or Business Address, Present Principal Occupation, and Citizenship of Each Control Person
Each Control Person is a citizen of the United States.
Name and Position at B of A |
Residence or Business Address |
Present Principal Occupation In Addition To or Other Than Position at B of A |
Principal Business and Address of Organization in which such Occupation is Conducted |
Kenneth D. Lewis Director, Chairman, President and CEO |
100 North Tryon Street Charlotte, NC 28255 |
Director, Chairman, President and CEO of BAC; Director, Chairman President and CEO of NB |
See the text of Amendment Item 2.B. |
James H. Hance, Jr. Director and Vice Chairman of the Board |
100 North Tryon Street Charlotte, NC 28255 |
Director, Vice Chairman of the Board and Chief Financial Officer of BAC; Chairman of the Board and Director of CIVC; Director and Vice Chairman of the Board of NB |
See the text of Amendment Item 2.B. |
F. William Vandiver, Jr. Director and Vice Chairman |
100 North Tryon Street Charlotte, NC 28255 |
Corporate Risk Management Executive of BAC; Director and Chairman, Corporate Risk Policy of NB |
See the text of Amendment Item 2.B. |
Edward J. Brown III Director and President, Global Corporate and Investment Banking |
555 California Street San Francisco, CA 94104-1503 |
President, Global Corporate and Investment Banking of BAC |
See the text of Amendment Item 2.B. |
R. Eugene Taylor Director and President, Consumer and Commercial Banking |
100 North Tryon Street Charlotte, NC 28255 |
President, Consumer and Commercial Banking of BAC |
See the text of Amendment Item 2.B. |
Amy Woods Brinkley Director and President, Consumer Products |
100 North Tryon Street Charlotte, NC 28255 |
President, Consumer Products of BAC |
See the text of Amendment Item 2.B. |
Richard M. DeMartini President, Asset Management |
9 West 57th Street New York, NY 10019 |
President, Asset Management of BAC |
See the text of Amendment Item 2.B. |
Exhibit D
BAC
Name, Residence or Business Address, Present Principal Occupation, and Citizenship of Each Control Person
Each Control Person is a citizen of the United States.
Name and Position at BAC |
Residence or Business Address |
Present Principal Occupation In Addition To or Other Than Position at BAC |
Principal Business and Address of Organization in which such Occupation is Conducted |
James H. Hance, Jr. Director, Vice Chairman of the Board and Chief Financial Officer |
100 North Tryon Street Charlotte, NC 28255 |
Chairman of the Board and Director of CIVC; Director and Vice Chairman of the Board of B of A; Director and Vice Chairman of the Board of NB |
See the text of Amendment Item 2.B. |
John R. Belk Director |
2801 W. Tyvola Road Charlotte, NC 28217 |
President, Finance, Systems and Operations of Belk, Inc. |
department store operator 2801 W. Tyvola Road Charlotte, NC 28217 |
Charles W. Coker Director |
Post Office Box 160 Hartsville, SC 29551-0160 |
Chairman of Sonoco Products Company |
packaging One N. Second Street Hartsville, SC 29550 |
Frank Dowd, IV Director |
2109 Randolph Road Charlotte, NC 28207 |
Chairman and Chief Executive Officer of Charlotte Pipe and Foundry Company |
cast iron and plastics P.O. Box 35430 Charlotte, NC 35430 |
Kathleen F. Feldstein Director |
147 Clifton Street Belmont, MA 02478 |
President of Economic Studies, Inc. |
consulting 147 Clifton Street Belmont, MA 02478 |
Paul Fulton Director |
380 Knollwood Street, Suite 610 Winston-Salem, NC 27103 |
Chairman of Bassett Furniture Industries, Inc. |
furniture 3525 Fairystone Park Highway Bassett, VA 24055 |
Donald E. Guinn Director |
130 Keaerney Street, Suite 3200 San Francisco, CA 94108-4887 |
Chairman Emeritus of Pacific Telesis Group |
telecommunications 130 Keaerney Street, Suite 3200 San Francisco, CA 94108-4887 |
C. Ray Holman Director |
7733 Forsyth Boulevard Suite 1080 St. Louis, MO 63105 |
Chairman of the Board of Mallinckrodt, Inc. |
medical products 675 McDonnell Boulevard Hazelwood, MO 63042 |
Walter E. Massey Director |
Office of the President 830 Westview Drive Atlanta, GA 30314 |
President of Morehouse College |
education Office of the President 830 Westview Drive Atlanta, GA 30314 |
C. Steven McMillan Director |
3 First National Plaza Chicago, IL 60602 |
President and Chief Executive Officer of Sara Lee Corporation |
consumer products 3 First National Plaza Chicago, IL 60602 |
Patricia E. Mitchell Director |
1320 Braddock Place Alexandria, VA 22314 |
President and Chief Executive Officer of Public Broadcasting Service |
broadcasting 1320 Braddock Place Alexandria, VA 22314 |
O. Temple Sloan Director |
2635 Millbrook Road Raleigh, NC 27604 |
Chairman and Chief Executive Officer of General Parts, Inc. |
automotive parts and supplies 2635 Millbrook Road Raleigh, NC 27604 |
Meredith R. Spangler Director |
668 Hempstead Place Charlotte, NC 28207-2320 |
Director of C.D. Spangler Construction Company |
construction 1110 East Morehead Street Charlotte, NC 28204 |
Ronald Townsend Director |
Gannett Television c/o WTLV-TV12 1070 East Adams Street Jacksonville, FL 32202 |
Communications consultants |
|
Jackie M. Ward Director |
5775 Peachtree Dunwoody Road Building G, Fourth Floor Atlanta, GA 30342 |
Outside Managing Director of Intec Telecom Systems PLC |
OSS provider 5775 Peachtree Dunwoody Road Building G, Fourth Floor Atlanta, GA 30342 |
Virgil R. Williams Director |
2076 West Park Place Stone Mountain, GA 30087 |
Chairman and Chief Executive Officer of Williams Group International, Inc. |
industrial outsourcing 2076 West Park Place Stone Mountain, GA 30087 |
Kenneth D. Lewis Director, Chairman, President and CEO |
100 North Tryon Street Charlotte, NC 28255 |
Director, Chairman, President and CEO of B of A; Director, Chairman, President and CEO of NB |
See the text of Amendment Item 2.B. |
F. William Vandiver, Jr. Corporate Risk Management Executive |
100 North Tryon Street Charlotte, NC 28255 |
Director and Vice Chairman of B of A; Director and Chairman, Corporate Risk Policy of NB |
See the text of Amendment Item 2.B. |
Edward J. Brown III President, Global Corporate and Investment Banking |
555 California Street San Francisco, CA 94104-1503 |
Director and President, Global Corporate and Investment Banking of B of A |
See the text of Amendment Item 2.B. |
R. Eugene Taylor President, Consumer and Commercial Banking |
100 North Tryon Street Charlotte, NC 28255 |
Director and President, Consumer and Commercial Banking of B of A |
See the text of Amendment Item 2.B. |
Richard M. DeMartini President, Asset Management |
9 West 57th Street New York, NY 10019 |
President, Asset Management of B of A |
See the text of Amendment Item 2.B. |
Amy Woods Brinkley President, Consumer Products |
100 North Tryon Street Charlotte, NC 28255 |
Director and President, Consumer Products of B of A |
See the text of Amendment Item 2.B. |
Exhibit E
CIVC Partners I
Name, Residence or Business Address, Present Principal Occupation, and Citizenship of Each Control Person
Each Control Person is a citizen of the United States.
In the interest of a complete presentation, Filing Persons are included below and are indicated with an asterisk.
Name and Position at CIVC Partners I |
Residence of Business Address |
Present Principal Occupation In Addition To or Other Than Position at CIVC I Partners |
Principal Business and Address of Organization in which such Occupation is Conducted |
Daniel G. Helle* General Partner |
231 South La Salle Street Chicago, IL 60697 |
Managing Director and Director of CIVC; Managing Director of B of A |
See the text of Amendment Item 2.B. |
Christopher J. Perry* General Partner |
231 South La Salle Street Chicago, IL 60697 |
President, Managing Director and Director of CIVC; Managing Director of B of A |
See the text of Amendment Item 2.B. |
Sue C. Rushmore* General Partner |
231 South La Salle Street Chicago, IL 60697 |
Managing Director of CIVC |
See the text of Amendment Item 2.B. |
Thomas E. VanPelt, Jr.* General Partner |
350 Talon Centre Detroit, MI 48207 |
Principal of Talon Group, LLC; Director of the Company |
financing 350 Talon Centre Detroit, MI 48207; see the text of Amendment Item 2.A. |
Marcus D. Wedner* General Partner |
231 South La Salle Street Chicago, IL 60697 |
Managing Director and Director of CIVC; Director of the Company |
See the text of Amendment Item 2.B; see the text of Amendment Item 2.A. |
Exhibit F
NB
Name, Residence or Business Address, Present Principal Occupation, and Citizenship of Each Control Person
Each Control Person is a citizen of the United States.
Name and Position at NB |
Residence or Business Address |
Present Principal Occupation In Addition To or Other Than Position at NB |
Principal Business and Address of Organization in which such Occupation is Conducted |
Kenneth D. Lewis Director, Chairman, President and CEO |
100 North Tryon Street Charlotte, NC 28255 |
Director, Chairman, President and CEO of BAC; Director, Chairman, President and CEO of B of A |
See the text of Amendment Item 2.B. |
James H. Hance, Jr. Director and Vice Chairman of the Board |
100 North Tryon Street Charlotte, NC 28255 |
Director, Vice Chairman of the Board and Chief Financial Officer of BAC; Director and Vice Chairman of the Board of B of A; Chairman of the Board and Director of CIVC |
See the text of Amendment Item 2.B. |
F. William Vandiver, Jr. Director and Chairman, Corporate Risk Policy |
100 North Tryon Street Charlotte, NC 28255 |
Corporate Risk Management Executive of BAC; Director and Vice Chairman of B of A |
See the text of Amendment Item 2.B. |
Exhibit H
Form of Plan of Divestiture, dated August 3, 1995, by CIVC, CIVC Partners I, and the Company
THIS PLAN OF DIVESTITURE is made as of August 3, 1995, by Teletouch Communications, Inc. (the "Company"), Continental Illinois Venture Corporation ("CIVC") and CIVC Partners I. CIVC is a federally-licensed small business investment company under the Small Business Investment Act of 1958, as amended (the "Act"), and is herein referred to as the "SBIC." The Company is a "small concern" and CIVC Partners I is an " associate" of CIVC as such terms are defined in the regulations under the Act (the "SBA Regulations"). Capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in the Amended and Restated Subordinated Note, Preferred Stock and Warrant Purchase Agreement, dated as of the date hereof, among the Company, CIVC, CIVC Partners I and certain other parties.
The SBIC and CIVC Partners I (the "Investors") have participated in a financing of the Company and as a result have acquired the number and type of the Company's securities set forth opposite their respective names on Exhibit A attached hereto. The Warrants are exercisable for Common Stock or Series B Preferred and the Series A Preferred and Series B Preferred are convertible into shares of the Common Stock. The Common Stock is entitled to one vote per share on all matters presented to the Company's stockholders for a vote. Thus, the Investors in the aggregate hold approximately 0% of the voting power of the Company, and under Section 107.801 of the SBA Regulations, the Investors are presumed to be in control of the Company.
Because the Company is a newly-acquired company, the Investors believe that assuming temporary control of the Company is necessary for the protection of their investment in the Company. Consequently, the Investors and the Company desire to enter into this Agreement pursuant to Section 107.801 of the SBA Regulations.
NOW, THEREFORE, in consideration of the premises and the mutual and dependent promises hereinafter set forth, the parties hereto agree as follows:
* * * * * * * * * * * * * * * * *
IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the date first above written.
TELETOUCH COMMUNICATIONS, INC.
By /s/
Its CEO
CONTINENTAL ILLINOIS VENTURE
CORPORATION
By /s/
Its ManagingDirector
CIVC PARTNERS I
By /s/
Its Partner
EXHIBIT A
|
|
|
|
Shares of Common Stock Issuable Upon Conversion of Series B Preferred and Upon Exercise |
|
Continental Illinois Venture Corporation |
11,818 |
3,376,571 |
6,908,814 |
6,908,814 |
10,285,385 |
CIVIC Partners I |
1,313 |
375,143 |
767,647 |
767,647 |
1,142,790 |
Total |
13,131 |
3,751,714 |
7,676,461 |
7,676,461 |
11,428,175 |
EXHIBIT B
ADDRESSES
Teletouch Communications, Inc.
1000 Louisiana Street
Suite 600
Houston, TX 77002
Attn: Chief Executive Officer
Continental Illinois Venture Corporation
231 S. LaSalle Street
Chicago, IL 60697
Attn: Marcus Wedner
CIVC Partners I
c/o Continental Illinois Venture Corporation
231 S. LaSalle Street
Chicago, IL 60697
Attn: Marcus Wedner