SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.____________________)*
Zimmerman Sign Company
-------------------------------------------------
(Name of Issuer)
Common Stock, $.01 par value per share
--------------------------------------------------
(Title of Class of Securities)
989580 10 5
--------------------------------------------------
(CUSIP Number)
Copy to:
Robert F. Perille John A. Weissenbach
Continental Illinois Venture Corporation Kirkland & Ellis
231 S. LaSalle Street 200 E. Randolph Drive
Chicago, Illinois 60697 Chicago, Illinois 60601
(312) 828-2345 (312) 861-2000
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 30, 1998
------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [_].
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) 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).
(Continued on following pages)
Page 1 of 25 Pages
- ------------------------ ------------------------------
CUSIP No. 989580 10 5 13D Page 2 of 25 Pages
- ------------------------ ------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Continental Illinois Venture Corporation
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
---------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,024,137 shares of Common Stock (See Item 5)
---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
---------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 1,024,137 shares of Common Stock (See Item 5)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,024,137 shares of Common Stock (See Item 5)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
35.6% (See Item 5)
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
13D
- ----------------------- ---------------------
CUSIP NO. 708094206 PAGE 3 OF 25 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1
Bank of America National Trust and Savings Association
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
Not Applicable
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 1,024,137 shares of Common Stock (See Item 5)
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,024,137 shares of Common Stock (See Item 5)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,024,137 shares of Common Stock (See Item 5)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
35.6% (See Item 5)
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
BK
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
13D
- ----------------------- ---------------------
CUSIP NO. 708094206 PAGE 4 OF 25 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1
BankAmerica Corporation
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
Not Applicable
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 1,024,137 shares of Common Stock (See Item 5)
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,024,137 shares of Common Stock (See Item 5)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1.024,137 shares of Common Stock (See Item 5)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
35.6%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 708094206 PAGE 5 OF 25 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1
MIG Partners VIII
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
WC
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 1,024,137 of Common Stock (See Item 5)
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,024,137 of Common Stock (See Item 5)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,024,137 of Common Stock (See Item 5)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
35.6%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 708094206 PAGE 6 OF 25 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1
Sheryl E. Bartol
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
Not Applicable
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Illinois
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 1,024,137 of Common Stock (See Item 5)
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,024,137 of Common Stock (See Item 5)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,024,137 of Common Stock (See Item 5)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
35.6%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 708094206 PAGE 7 OF 25 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1
Matthew W. Clary
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
Not Applicable
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Illinois
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 1,024,137 of Common Stock (See Item 5)
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,024,137 of Common Stock (See Item 5)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,024,137 of Common Stock (See Item 5)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
35.6%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 708094206 PAGE 8 OF 25 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1
Andrea P. Joselit
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
Not Applicable
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Illinois
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 1,024,137 of Common Stock (See Item 5)
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,024,137 of Common Stock (See Item 5)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,024,137 of Common Stock (See Item 5)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
35.6%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
13D
- ----------------------- ---------------------
CUSIP NO. 708094206 PAGE 9 OF 25 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1
Jeffrey M. Mann
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
Not Applicable
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(D) or 2(E) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Illinois
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
1,024,137 of Common Stock (See Item 5)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,024,137 of Common Stock (See Item 5)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,024,137 of Common Stock (See Item 5)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
35.6%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
13D
- ----------------------- ---------------------
CUSIP NO. 708094206 PAGE 10 OF 25 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1
Dennis P. McCrary
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
Not Applicable
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(D) or 2(E) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Illinois
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
1,024,137 of Common Stock (See Item 5)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,024,137 of Common Stock (See Item 5)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,024,137 of Common Stock (See Item 5)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
35.6%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
13D
- ----------------------- ---------------------
CUSIP NO. 708094206 PAGE 11 OF 25 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1
Jason A. Mehring
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
Not Applicable
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(D) or 2(E) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Illinois
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
1,024,137 of Common Stock (See Item 5)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,024,137 of Common Stock (See Item 5)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,024,137 of Common Stock (See Item 5)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
35.6%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
13D
- ----------------------- ---------------------
CUSIP NO. 708094206 PAGE 12 OF 25 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1
Robert F. Perille
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
Not Applicable
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(D) or 2(E) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Illinois
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
1,024,137 of Common Stock (See Item 5)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,024,137 of Common Stock (See Item 5)
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,024,137 of Common Stock (See Item 5)
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
35.6%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
ITEM 1. SECURITY AND ISSUER.
This Schedule 13D Statement (this "Statement") relates to the Common Stock
$.01 par value (the "Common Stock") of Zimmerman Sign Company, a Texas
corporation (the "Issuer"). The principal executive offices of the Issuer are
located at 9846 Highway 31 East, Tyler, Texas, 75705.
ITEM 2. IDENTITY AND BACKGROUND.
This Statement is being filed jointly by each of the following persons
pursuant to Rule 13d-1(f) promulgated by the Securities and Exchange Commission
(the "Commission") pursuant to Section 13 of the Securities Exchange Act of
1934, as amended (the "Exchange Act"): (i) Continental Illinois Venture
Corporation, a Delaware corporation ("CIVC"), by virtue of its direct beneficial
ownership of warrants currently exercisable into shares of Common Stock covered
by this Statement; (ii) Bank of America National Trust and Savings Association,
a national trust and savings association, ("BA Bank"), by virtue of its
ownership of all of the outstanding common stock of CIVC; (iii) BankAmerica
Corporation, a Delaware corporation ("BAC"), by virtue of its ownership of all
of the outstanding common stock of BA Bank; (iv) MIG Partners VIII, a Delaware
general partnership ("MIG"), by virtue of its direct beneficial ownership of
warrants currently exercisable into shares of Common Stock covered by this
Statement; (v) Sheryl E. Bartol, an individual residing in the state of Illinois
("Bartol"), by virtue of her being a general partner of MIG; (vi) Matthew W.
Clary, an individual residing in the state of Illinois ("Clary"), by virtue of
his being a general partner of MIG; (vii) Andrea P. Joselit, an individual
residing in the state of Illinois ("Joselit"), by virtue of her being a general
partner of MIG; (viii) Jeffrey M. Mann, an individual residing in the state of
Illinois ("Mann"), by virtue of his being a general partner of MIG; (ix) Dennis
P. McCrary, an individual residing in the state of Illinois ("McCrary"), by
virtue of his being a general partner of MIG; (x) Jason A. Mehring, an
individual residing in the state of Illinois ("Mehring"), by virtue of his being
a general partner of MIG; and (xi) Robert F. Perille, an individual residing in
the state of Illinois ("Perille"), by virtue of his being a general partner of
MIG. Bartol, Clary, Joselit, Mann, McCrary, Mehring and Perille are sometimes
referred to herein individually as a "General Partner" and collectively as the
"General Partners." CIVC, BA Bank, BAC, MIG and each General Partner are
sometimes referred to herein individually as a "Reporting Person" and
collectively as the "Reporting Persons."
Information with respect to each of the Reporting Persons is given solely
by such Reporting Person, and no Reporting Person assumes responsibility for the
accuracy or completeness of information given by another Reporting Person. By
their signature on this Statement, each of the Reporting Persons agrees that
this Statement is filed on behalf of such Reporting Person.
CIVC and MIG may be deemed to constitute a "group" for purposes of Section
13(d)(3) of the Exchange Act. This filing shall not be deemed an admission that
CIVC, on the one hand, or MIG, on the other, is, for purposes of Section 13(d)
or 13(g) of the Exchange Act, the beneficial owner of any securities covered in
this Statement as held by the other.
Certain information required by this Item 2 concerning the directors and
executive officers of CIVC, BA Bank and BAC is set forth on Schedule A attached
hereto, which is incorporated herein by reference. Each of the persons listed
on Schedule A is a citizen of the United States.
Page 13 of 25 Pages
CIVC and MIG's principal business is providing debt and equity financing to
businesses in the United States. The address of the principal business and
principal office of CIVC and MIG is 231 S. LaSalle St., Chicago, Illinois 60697.
BA Bank is a national banking association engaged in the banking business,
with a variety of subsidiaries engaged in various activities, including consumer
banking, corporate banking, commercial real estate lending and other financial
services, middle-market banking, and private banking and investment services.
The address of the principal business and principal office of BA Bank is 555
California Street, San Francisco, California 94104.
BAC is a holding company whose subsidiaries provide diverse financial
products and services to individuals, businesses, government agencies and
financial institutions throughout the world. The address of the principal
business and principal office of BAC is NationsBank Corporate Center, 100 N.
Tryon, Charlotte, NC 28255.
During the past five years, none of the Reporting Persons nor, to the best
knowledge of the Reporting Persons, any of the persons listed on Schedule A
----------
attached hereto, has been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors). During the past five years, none of the
Reporting Persons nor, to the best knowledge of the Reporting Persons, any of
the persons listed on Schedule A attached hereto, was a party to a civil
----------
proceeding of a judicial or administrative body of competent jurisdiction as a
result of which such person was or is subject to a judgment, decree or final
order enjoining future violations of, or prohibiting or mandating activity
subject to, federal or state securities laws or finding any violation with
respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
-------------------------------------------------
The Issuer, CIVC, MIG and certain other investors are parties to a Senior
Subordinated Note, Preferred Stock and Warrant Purchase Agreement, dated
September 30, 1998 (the "Purchase Agreement"). Pursuant to the Purchase
------------------
Agreement, CIVC acquired stock purchase warrants (the "Warrants") exercisable
--------
into 819,310 shares of Common Stock for an aggregate purchase price of
$68,394.71. CIVC utilized internal funds to consummate the acquisition of the
Warrants. In addition, MIG acquired Warrants exercisable into 204,827 shares of
Common Stock for an aggregate purchase price of $17,098.68. MIG utilized
internal funds and loans from BankAmerica Investment Corporation, an affiliated
corporation, to consummate the acquisition of the Warrants.
A copy of the Purchase Agreement is attached hereto as Exhibit A and is
incorporated herein by reference.
ITEM 4. PURPOSE OF TRANSACTION.
----------------------
CIVC and MIG acquired the Warrants for investment purposes. Depending on
market conditions and other factors (including evaluation of the Issuer's
businesses and prospects, availability of funds, alternative uses of funds and
general economic conditions), CIVC and MIG
Page 14 of 25 Pages
may from time to time purchase additional securities of the Issuer or dispose of
all or a portion of their investment in the Issuer.
Pursuant to the Purchase Agreement, CIVC and MIG each acquired shares of
the Issuer's Series A Preferred Stock, par value $.01 per share (the "Series A
Preferred"). Under the terms of the Series A Preferred, as defined in the
Certificate of Designation, Series A Preferred (the "Certificate of
Designation"), CIVC has the right to designate two members on the Issuer's board
of directors (the "Board"), and if an Event of Noncompliance (as defined in the
Certificate of Designation) has occurred and is continuing, each of the
directors designated by CIVC shall be entitled to cast two votes with respect to
any vote taken by the Issuer's Board. In connection therewith, the Issuer, CIVC,
MIG and certain other stockholders of the Issuer are parties to a Stockholders
Agreement, dated as of September 30, 1998 (the "Stockholders Agreement")
pursuant to which each party has agreed to (i) vote all of their shares in favor
of those members of the Board designated by CIVC and (ii) vote all of their
shares in favor of removing an existing director on the Board and filling the
vacancy with a member designated by CIVC in the event that the directors
designated by CIVC are not entitled to cast two votes after the occurrence and
during the continuance of an Event of Noncompliance. In addition, pursuant to
the terms of the Stockholders Agreement, each party thereto has agreed to vote
all of its shares in favor of a Sale of the Company (as defined in the
Shareholders Agreement) proposed by CIVC. As of the date of this statement,
stockholders holding an aggregate of 1,132,825 shares of Common Stock were
parties to the Stockholders Agreement. CIVC expressly disclaims beneficial
ownership of all of the shares of Common Stock owned by the other parties to the
Shareholders Agreement. A copy of the Certificate of Designation is attached
hereto as Exhibit B and is incorporated herein by reference, and a copy of the
Stockholders Agreement is attached hereto as Exhibit C and is incorporated
herein by reference.
Pursuant to a Registration Agreement, dated as of September 30, 1998 (the
"Registration Agreement"), by and among the Issuer, CIVC, MIG and certain other
stockholders of the Issuer, CIVC, MIG and such other stockholders were granted
certain registration rights with respect to their Warrants and the underlying
Common Stock. A copy of the Registration Agreement is attached hereto as Exhibit
D and is incorporated herein by reference.
The summaries of the agreements referred to in this Item 4 and elsewhere in
this Statement are not intended to be complete and are qualified in their
entirety by reference to the detailed provisions of such agreements attached as
exhibits hereto.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
CIVC is the direct beneficial owner of Warrants currently exercisable into
819,310 shares of Common Stock and MIG is the direct beneficial owner of
Warrants currently exercisable into 204,827 shares of Common Stock. CIVC and MIG
may be deemed to constitute a "group" for purposes of Section 13(d)(3) of the
Exchange Act, and therefore each may be deemed to own beneficially warrants
currently exercisable into 1,024,137 shares of Common Stock, which, when
exercised would result in ownership of approximately 35.6% of the Issuer's
Common Stock as computed under Rule 13d-3.
Page 15 of 25 Pages
This filing shall not be deemed an admission that CIVC, on the one hand, or MIG,
on the other, is, for purposes of Section 13(d) and 13(g) of the Exchange Act,
the beneficial owner of any securities covered in this Statement as held by the
other. By virtue of the relationship between BA Bank and CIVC described in Item
2, BA Bank may be deemed to possess indirect beneficial ownership of the shares
of Common Stock beneficially owned by CIVC, and by virtue of the relationship
between BAC and BA Bank described in Item 2, BAC may be deemed to possess
indirect beneficial ownership of the shares of Common Stock beneficially owned
by CIVC. By virtue of their relationship as general partners of MIG, each
General Partner may be deemed to possess indirect beneficial ownership of the
Common Stock beneficially owned by MIG. The filing of this Statement by BA Bank,
BAC and the General Partners shall not be deemed an admission that any of BA
Bank, BAC or the General Partners is, for purposes of Section 13(d) or 13(g) of
the Exchange Act, the beneficial owner of any of the securities covered by this
Statement.
The percentages of Common Stock calculated in this Item 5 are based upon
1,854,692 shares of Common Stock issued and outstanding as of July 31, 1998, as
disclosed in the Issuer's Form 10-Q filed with the Commission on July 31, 1998
for the fiscal quarter ended June 30, 1998.
Within the last 60 days, none of the Reporting Persons has been involved in
any transactions involving the Common Stock other than as described above.
No person other than the Reporting Persons has the right to receive or the
power to direct the receipt of dividends from the proceeds from the sale of the
Shares.
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 Reporting
Persons, no contracts, arrangements, understandings or relationships (legal or
otherwise) exist among the persons named in Item 2 or between such persons and
any other person with respect to any securities of the Issuer, 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 losses, or giving or withholding of proxies.
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS.
---------------------------------
Exhibit A: The Senior Subordinated Note, Preferred Stock and Warrant
Purchase Agreement, dated as of September 30, 1998, by
and among the Issuer, CIVC, MIG, and certain other
investors.
Page 16 of 25 Pages
Exhibit B: The Certificate of Designation, Series A
Exhibit C: The Stockholders Agreement, dated September 30, 1998, by
and among the Issuer, CIVC, MIG and certain other
stockholders.
Exhibit D: The Registration Agreement, dated September 30, 1998, by
and among the Issuer, CIVC, MIG and certain other
stockholders.
Exhibit E: Agreement of Joint Filing, dated as of October 9, 1998,
among Buyer and BA Bank.
Exhibit F: Designation of Authority to Venrice R. Palmer.
Page 17 of 25 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.
As to BA Bank, signing resolutions are incorporated by reference to
Schedule 13G Amendment #2 relating to Anaren Microwave, Inc. filed by BA Bank.
As to BAC, signature authority is included as Exhibit F.
Date: October 9, 1998
CONTINENTAL ILLINOIS VENTURE CORPORATION
By: /s/ Robert F. Perille
----------------------------
Print Name: Robert F. Perille
Its: Managing Director
BANK OF AMERICA NATIONAL TRUST AND SAVINGS
ASSOCIATION
By: /s/ Venrice R. Palmer
----------------------------
Print Name: Venrice R. Palmer
Its: Counsel
BANKAMERICA CORPORATION
By: /s/ Venrice R. Palmer
----------------------------
Print Name: Venrice R. Palmer
Its: Counsel
MIG PARTNERS VIII
By: /s/ Robert F. Perille
----------------------------
Print Name: Robert F. Perille
Its: General Partner
/s/ Sheryl E. Bartol
--------------------------------
Sheryl E. Bartol
/s/ Matthew W. Clary
--------------------------------
Matthew W. Clary
Page 18 of 25 Pages
/s/ Andrea P. Joselit
----------------------------
Andrea P. Joselit
/s/ Jeffrey M. Mann
----------------------------
Jeffrey M. Mann
/s/ Jason A. Mehring
----------------------------
Jason A. Mehring
/s/ Dennis P. McCrary
----------------------------
Dennis P. McCrary
/s/ Robert F. Perille
----------------------------
Robert F. Perille
Page 19 of 25 Pages
SCHEDULE A
----------
The following table sets forth the names, addresses and principal
occupations of the directors and executive officers of Continental Illinois
Venture Corporation ("CIVC"). Each such person is a citizen of the United
----
States.
DIRECTORS AND OFFICERS
----------------------
- --------------------------------------------------------------------------------
NAME ADDRESS PRINCIPAL OCCUPATION
- --------------------------------------------------------------------------------
Jeremy G. Fair 231 South LaSalle Street Managing Director, Bank of
9th Floor America National Trust and
Chicago, IL 60697 Savings Association
- --------------------------------------------------------------------------------
William M. Goodyear 231 South LaSalle Street Group Executive Vice
13th Floor President, Bank of America
Chicago, IL National Trust and Savings
Association
- --------------------------------------------------------------------------------
Michael J. Murray BankAmerica Corporation President, Global Corporate
555 California Street and Investment Banking,
San Francisco, CA 94104 BankAmerica Corporation
- --------------------------------------------------------------------------------
Michael E. O'Neill BankAmerica Corporation President, Principal Investing
555 California Street and Wealth Management,
San Francisco, CA 94104 BankAmerica Corporation
- --------------------------------------------------------------------------------
Christopher J. Perry 231 South LaSalle Street President and Managing
7th Floor Director, Continental Illinois
Chicago, IL 60697 Venture Corporation
- --------------------------------------------------------------------------------
Terry E. Perucca 231 South LaSalle Street Group Executive Vice-President,
12th Floor Bank of America National
Chicago, IL 60697 Trust and Savings Association
- --------------------------------------------------------------------------------
Page 20 of 25 Pages
SCHEDULE A (continued)
----------------------
The following table sets forth the names, addresses and principal
occupations of the directors and executive officers of Bank of America National
Trust and Savings Association ("BA Bank"). Each such person is a citizen of the
-------
United States.
DIRECTORS
---------
- --------------------------------------------------------------------------------
NAME ADDRESS PRINCIPAL
OCCUPATION
- --------------------------------------------------------------------------------
Hugh L. McColl, Jr. BankAmerica Corporation Chairman and Chief
NationsBank Corporate Executive Officer
Center
100 N. Tryon
Charlotte, NC 28255
- --------------------------------------------------------------------------------
David A. Coulter BankAmerica Corporation President
555 California Street
San Francisco, CA 94104
- --------------------------------------------------------------------------------
James H. Hance, Jr. BankAmerica Corporation Vice Chairman and Chief
NationsBank Corporate Financial Officer
Center
100 N. Tryon
Charlotte, NC 28255
- --------------------------------------------------------------------------------
Kenneth D. Lewis BankAmerica Corporation President, Consumer and
NationsBank Corporate Commercial Banking
Center
100 N. Tryon
Charlotte, NC 28255
- --------------------------------------------------------------------------------
Michael J. Murray BankAmerica Corporation President, Global
555 California Street Corporate and Investment
San Francisco, CA 94104 Banking
- --------------------------------------------------------------------------------
Michael E. O'Neill BankAmerica Corporation President, Principal
555 California Street Investing and Wealth
San Francisco, CA 94104 Management
- --------------------------------------------------------------------------------
Page 21 of 25 Pages
- --------------------------------------------------------------------------------
F. William Vandiver, Jr. BankAmerica Corporation Risk Management Executive
NationsBank Corporate
Center
100 N. Tryon
Charlotte, NC 28255
- --------------------------------------------------------------------------------
EXECUTIVE OFFICERS
------------------
- --------------------------------------------------------------------------------
NAME ADDRESS PRINCIPAL OCCUPATION
- --------------------------------------------------------------------------------
Hugh L. McColl, Jr. BankAmerica Corporation Chairman and Chief Executive
NationsBank Corporate Officer
Center
100 N. Tryon
Charlotte, NC 28255
- -------------------------------------------------------------------------------
David A. Coulter BankAmerica Corporation President
555 California Street
San Francisco, CA 94104
- -------------------------------------------------------------------------------
James H. Hance, Jr. BankAmerica Corporation Vice Chairman and Chief
NationsBank Corporate Financial Officer
Center
100 N. Tryon
Charlotte, NC 28255
- -------------------------------------------------------------------------------
Kenneth D. Lewis BankAmerica Corporation President, Consumer and
NationsBank Corporate Commercial Banking
Center
100 N. Tryon
Charlotte, NC 28255
- -------------------------------------------------------------------------------
Michael J. Murray BankAmerica Corporation President, Global Corporate
555 California Street and Investment Banking
San Francisco, CA 94104
- -------------------------------------------------------------------------------
Michael E. O'Neill BankAmerica Corporation President, Principal
555 California Street Investing and Wealth
San Francisco, CA 94104 Management
- -------------------------------------------------------------------------------
Page 22 of 25 Pages
SCHEDULE A (continued)
----------------------
The following table sets forth the names, addresses and principal
occupations of the directors and executive officers of BankAmerica Corporation
("BAC"). Each such person is a citizen of the United States.
---
DIRECTORS
---------
- ---------------------------------------------------------------------------------------------------
PRINCIPAL
NAME ADDRESS OCCUPATION
- ---------------------------------------------------------------------------------------------------
Charles W. Coker Post Office Box 160 Chairman, Sonoco Products
Hartsville, SC 29551-0160 Company
- -----------------------------------------------------------------------------------------------------
David A. Coulter BankAmerica Corporation President, BankAmerica
555 California Street Corporation
San Francisco, CA 94104
- -----------------------------------------------------------------------------------------------------
Timm Crull c/o Hallmark Cards, Inc. Retired Chairman, Nestle
1024 E. Balboa Blvd. USA, Inc.
Newport Beach, CA 92661
- -----------------------------------------------------------------------------------------------------
Alan T. Dickson 2000 Two First Union Center Chairman of the Board,
Charlotte, NC 28282 Ruddick Corporation
- -----------------------------------------------------------------------------------------------------
Kathleen Feldstein 147 Clifton Street President, Economic
Belmont, MA 02178 Studies, Inc.
- -----------------------------------------------------------------------------------------------------
Paul Fulton First Stratford Building Chairman and CEO, Bassett
101 S. Stratford Road Furniture Industries, Inc.
Winston-Salem, NC 27104
- -----------------------------------------------------------------------------------------------------
Donald E. Guinn Pacific Telesis Center Chairman Emeritus, Pacific
130 Kearney Street, Room 3704 Telesis Group
San Francisco, CA 94108
- -----------------------------------------------------------------------------------------------------
C. Ray Holman Post Office Box 5840 Chairman and Chief
St. Louis, MO 63134 Executive Officer,
Mallinckrodt Inc.
- -----------------------------------------------------------------------------------------------------
W.W. Johnson P.O. Box 448 Chairman, Executive
SC3-240-18-17 Committee, BankAmerica
Columbia, SC 29202 Corporation
- -----------------------------------------------------------------------------------------------------
Page 23 of 25 Pages
- -----------------------------------------------------------------------------------------------------
Walter Massey Office of the President President, Morehouse
830 Westview Drive College
Atlanta, GA 30314
- -----------------------------------------------------------------------------------------------------
Hugh L. McColl, Jr. BankAmerica Corporation Chairman and Chief
NationsBank Corporate Center Executive Officer,
100 N. Tryon BankAmerica Corporation
Charlotte, NC 28255
- -----------------------------------------------------------------------------------------------------
Richard M. Rosenberg 555 California Street Retired Chairman and Chief
5th Floor Executive Officer,
San Francisco, CA 94194 BankAmerica Corporation
and Bank of America NT &
SA
- -----------------------------------------------------------------------------------------------------
O. Temple Sloan, Jr. Post Office Box 26006 Chairman, General Parts
Raleigh, NC 27611 Inc.
- -----------------------------------------------------------------------------------------------------
Meredith R. Spangler 668 Hempstead Place Chairman, C.D. Spangler
Charlotte, NC 28207-2320 Foundation
- -----------------------------------------------------------------------------------------------------
A. Michael Spence Memorial Way, Room 140 Dean of Graduate School of
Stanford, CA Business, Stanford
University
- -----------------------------------------------------------------------------------------------------
Ronald Townsend Gannett Television Communications Consultant
c/o WTLV-TV12
1070 East Adams Street
Jacksonville, FL 32202
- -----------------------------------------------------------------------------------------------------
Solomon Trujillo 1801 California Street President and Chief
52nd Floor Executive Officer, US West
Denver, CO 80202 Communications Group
- -----------------------------------------------------------------------------------------------------
Jackie M. Ward 5775 Peachtree-Dunwoody Road President and CEO,
Building G, Fourth Floor Computer Generation
Atlanta, Georgia 30342 Incorporated
- -----------------------------------------------------------------------------------------------------
Virgil R. Williams Post Office Box 105106 Chairman and CEO,
Atlanta, Georgia 30087 Williams Group
International, Inc.
- -----------------------------------------------------------------------------------------------------
Shirley Young Vice President,
General Motors
Corporation
- -----------------------------------------------------------------------------------------------------
OFFICERS
--------
Page 24 of 25 Pages
- --------------------------------------------------------------------------------
PRINCIPAL
NAME ADDRESS OCCUPATION
- --------------------------------------------------------------------------------
Hugh L. McColl, Jr. BankAmerica Corporation Chairman and Chief
NationsBank Corporate Center Executive Officer
100 N. Tryon
Charlotte, NC 28255
- --------------------------------------------------------------------------------
David A. Coulter BankAmerica Corporation President
555 California Street
San Francisco, CA 94104
- --------------------------------------------------------------------------------
James H. Hance, Jr. BankAmerica Corporation Vice Chairman and Chief
NationsBank Corporate Center Financial Officer
100 N. Tryon
Charlotte, NC 28255
- --------------------------------------------------------------------------------
Kenneth D. Lewis BankAmerica Corporation President, Consumer and
NationsBank Corporate Center Commercial Banking
100 N. Tryon
Charlotte, NC 28255
- --------------------------------------------------------------------------------
Michael J. Murray BankAmerica Corporation President, Global
555 California Street Corporate
San Francisco, CA 94104 and Investment Banking
- --------------------------------------------------------------------------------
Michael E. O'Neill BankAmerica Corporation President, Principal
555 California Street Investing and Principal
San Francisco, CA 94104 Investment
- --------------------------------------------------------------------------------
Page 25 of 25 Pages