UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
AMENDMENT NO. 3
UNDER THE SECURITIES EXCHANGE ACT OF 1934
COLUMBUS MCKINNON CORPORATION
- --------------------------------------------------------------------------------
(Name of issuer)
Common Stock, $.01 Par Value
- --------------------------------------------------------------------------------
199333-10-5
- --------------------------------------------------------------------------------
(Cusip Number)
Jeffrey E. Schwarz
Metropolitan Capital Advisors, Inc.
660 Madison Avenue
New York, NY 10021
(212) 486-8100
Robert F. Lietzow, Jr.
Lakeway Capital Partners, LLC
660 Madison Avenue
New York, NY 10021
(212)371-0600
Curtis Schenker
Scoggin Capital Management, L.P.
660 Madison Avenue
New York, NY 10021
(212) 355-7480
with copies to:
Joseph F. Mazzella
Lane Altman & Owens LLP
101 Federal Street
Boston, Massachusetts 02110
617-345-9800
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
June 18, 1999
- --------------------------------------------------------------------------------
(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 [ ].
Check the following box if a fee is being paid with the statement [x]. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13-d(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).
<PAGE>
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CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 2 of 23 Pages
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
COLUMBUS MCKINNON SHAREHOLDERS COMMITTEE (1)
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X]
(B) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
N/A
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,245,545
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,245,545
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.49%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
00
================================================================================
(1) Consists of Metropolitan Capital Advisors, Inc., Metropolitan Capital
III, Inc., Jeffrey Schwarz, Karen Finerman, Lakeway Capital Partners, LLC,
Robert F. Lietzow, Jr., Scoggin, Inc.,Scoggin, LLC, Curtis Schenker and Craig
Effron, each of whom joins in this filing, and each of whom denies beneficial
ownership of the shares beneficially owned by the other members of the Committee
except as otherwise described in Item 5 herein.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
<PAGE>
- -------------------------- --------------------------
CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 3 of 23 Pages
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
METROPOLITAN CAPITAL ADVISORS, INC.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X]
(B) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 366,800
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
366,800
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.50%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
<PAGE>
- -------------------------- --------------------------
CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 4 of 23 Pages
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
METROPOLITAN CAPITAL III, INC.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X]
(B) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 240,600
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
240,600
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
240,600
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.64%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
<PAGE>
- -------------------------- --------------------------
CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 5 of 23 Pages
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
BEDFORD FALLS INVESTORS, LP
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X]
(B) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
WC, OO
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 366,800
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
366,800
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
366,800
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.50%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
<PAGE>
- -------------------------- --------------------------
CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 6 of 23 Pages
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
METROPOLITAN CAPITAL ADVISORS INTERNATIONAL, LTD.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X]
(B) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
WC, OO
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
BRITISH VIRGIN ISLANDS
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 240,600
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
240,600
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
240,600
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.64%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
<PAGE>
- -------------------------- --------------------------
CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 7 of 23 Pages
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
JEFFREY E. SCHWARZ
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X]
(B) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
7,200
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 607,400
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 7,200
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
607,400
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
614,600
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.19%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
<PAGE>
- -------------------------- --------------------------
CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 8 of 23 Pages
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
KAREN FINERMAN
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X]
(B) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 607,400
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
607,400
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
607,400
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.14%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
<PAGE>
- -------------------------- --------------------------
CUSIP No. 199333-10-5 SCHEDULE 13D Page 9 of 23 Pages
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
SCOGGIN, INC.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X]
(B) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 322,500
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
322,500
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
322,500
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.20%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
<PAGE>
- -------------------------- --------------------------
CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 10 of 23 Pages
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
SCOGGIN CAPITAL MANAGEMENT, L.P.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X]
(B) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
WC, OO
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 322,500
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
322,500
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
322,500
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.20%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
<PAGE>
- -------------------------- --------------------------
CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 11 of 23 Pages
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
SCOGGIN, LLC
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X]
(B) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 153,200
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
153,200
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
153,200
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.04%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
<PAGE>
- -------------------------- --------------------------
CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 12 of 23 Pages
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
SCOGGIN INTERNATIONAL FUND LIMITED
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X]
(B) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
WC, OO
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
COMMONWEALTH OF BAHAMAS
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 153,200
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
153,200
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
153,200
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.04%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
<PAGE>
- -------------------------- --------------------------
CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 13 of 23 Pages
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
CURTIS SCHENKER
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [X]
(B) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
7,500
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 480,700
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 7,500
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
480,700
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
488,200
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.33%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
<PAGE>
- -------------------------- --------------------------
CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 14 of 23 Pages
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
CRAIG EFFRON
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [X]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
5,000
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 475,700
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 5,000
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
475,700
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
480,700
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.28%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
<PAGE>
- -------------------------- --------------------------
CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 15 of 23 Pages
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
LAKEWAY CAPITAL PARTNERS, LLC
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [X]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 120,450
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
120,450
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
120,450
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.82%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
<PAGE>
- -------------------------- --------------------------
CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 16 of 23 Pages
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
YAUPON PARTNERS, LP
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [X]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
WC, OO
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 116,750
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
116,750
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
116,750
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.80%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
<PAGE>
- -------------------------- --------------------------
CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 17 of 23 Pages
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
YAUPON PARTNERS II, L.P.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [X]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
WC, OO
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,700
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
3,700
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,700
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.03%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
<PAGE>
- -------------------------- --------------------------
CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 18 of 23 Pages
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
ROBERT F. LIETZOW, JR.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [X]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
17,295
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 120,450
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 17,295
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
120,450
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
137,745
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.94%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
<PAGE>
CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 19 of 23 Pages
----------- --------------------
This Amendment No. 3 relates to the Schedule 13D originally filed on
behalf of certain of the Reporting Persons with the Securities and Exchange
Commission on May 6, 1999, as supplemented and amended by Amendment No. 1 to
Schedule 13D filed on May 24, 1999 and Amendment No. 2 to Schedule 13D filed on
May 28, 1999. The text of Items 4, 6 and 7, as supplemented and amended, is
hereby further supplemented and amended as follows:
ITEM 4. PURPOSE OF THE TRANSACTION
The Columbus McKinnon Shareholders Committee previously announced its
intention to nominate and seek the election of a new majority of the Board of
the Issuer, which new majority would pursue a value maximization strategy. Such
strategy would include exploring the possible sale of the Issuer. On June 17,
1999, Bedford Falls Investors, L.P. ("Bedford"), gave notice to the Issuer of
its nomination of Jeffrey E. Schwarz, Robert F. Lietzow, Jr., Jonathan G. Guss,
George G. Raymond, Jr. and Larry N. Katsoulis for election as directors of the
Issuer. Such nominations would be voted upon at the Company's Annual Meeting of
Shareholders, which the Company has scheduled for August 16, 1999. (See
Nomination Notice attached hereto as Exhibit H).
Bedford also submitted for shareholder approval a proposal to restore
the Company's by-laws to the form in effect prior to the May 17, 1999 by-law
amendments approved by the incumbent Board of Directors (see Attached Exhibit
H). The purpose of such proposal is to provide shareholders with the ability to
effectively rescind such amendmens, and any other by-law amendment that may be
approved by the incumbent Board prior to the Annual Meeting. If approved, such
proposal would re-establish the unlimited right of shareholders to make
nominations and proposals.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS AND RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
As of May 3, 1999, Metropolitan Capital Advisors, Inc., Metropolitan
Capital III, Inc., Scoggin, Inc., Scoggin, LLC, and Lakeway Capital, LLC (the
"Committee Members") each entered into an agreement with respect to the
formation and conduct of the Columbus McKinnon Shareholders Committee (the
"Agreement"). Such Agreement was entered into on behalf of each of such
entities, and on behalf of certain of their affiliates which are Reporting
Persons. Pursuant to the terms of the Agreement, Bedford has nominated Messrs.
Jeffrey E. Schwarz, Robert F. Lietzow, Jonathan Guss, Larry N. Katsoulis and
George Raymond, Jr. (the "Nominees") for election as directors of the Company
(see Attached Exhibit H). In connection with such nominations, each Committee
Member has agreed to indemnify such Nominees against expenses and liabilities
that may arise out of their service as a nominee for director. In addition, each
Nominee, other than Messrs. Schwarz and Lietzow, will receive expense
reimbursement and a fee from the Committee for serving as a nominee in the
amount of $10,000. Such fee will be payable whether or not such Nominee is
elected. The Committee Members and the Nominees have an understanding and
agreement that each of the Reporting Persons will vote shares of Common Stock
owned by them in favor of election of the Nominees, and in favor or restoring
the by-laws to their prior form.
<PAGE>
CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 20 of 23 Pages
----------- --------------------
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit A. Agreement of Joint Filing (Previously Filed)
Exhibit B. Agreement of Stockholders (Previously Filed)
Exhibit C. Letter to Issuer dated May 5, 1999 (Previously Filed)
Exhibit D. Letter to Issuer dated May 24, 1999 (Previously Filed)
Exhibit E. Letter to Shareholders dated May 24, 1999 (Previously Filed)
Exhibit F. Issuer's Complaint filed May 25, 1999 (Previously Filed)
Exhibit G. Press Release dated May 26, 1999 (Previously Filed)
Exhibit H. Shareholder Notice of Nominations, Shareholder Proposal and
Exhibits
<PAGE>
CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 21 of 23 Pages
----------- --------------------
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.
This statement may be executed in any number of counterparts, each of which
shall be deemed an original and all of which shall constitute one (1)
instrument.
METROPOLITAN CAPITAL ADVISORS, INC.
By:/s/ Jeffrey E. Schwarz
-------------------------------------------
Jeffrey E. Schwarz, Chief Executive Officer
METROPOLITAN CAPITAL III, INC.
By:/s/ Jeffrey E. Schwarz
-------------------------------------------
Jeffrey E. Schwarz, Chief Executive Officer
METROPOLITAN CAPITAL ADVISORS INTERNATIONAL, LTD.
By: Metropolitan Capital III, L.P.
By: Metropolitan Capital III, Inc.
By: /s/ Jeffrey E. Schwarz
---------------------------------------------
Jeffrey E. Schwarz, Chief Executive Officer
BEDFORD FALLS INVESTORS, L.P.
By: Metropolitan Capital Advisors, L.P.
By: Metropolitan Capital Advisors, Inc.
By: /s/ Jeffrey E. Schwarz
---------------------------------------------
Jeffrey E. Schwarz, Chief Executive Officer
By: /s/ Jeffrey E. Schwarz
---------------------------------------------
Jeffrey E. Schwarz
By: /s/ Karen Finerman
---------------------------------------------
Karen Finerman
Dated as of: June 18, 1999
<PAGE>
CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 22 of 23 Pages
----------- --------------------
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.
This statement may be executed in any number of counterparts, each of which
shall be deemed an original and all of which shall constitute one (1)
instrument.
Yaupon Partners, L.P.
By: Lakeway Capital Partners, LLC
By: /s/ Robert F. Lietzow, Jr.
---------------------------------------------
Robert F. Lietzow, Jr.
Managing Member
Yaupon Partners II, L.P.
By: Lakeway Capital Partners, LLC
By: /s/ Robert F. Lietzow, Jr.
---------------------------------------------
Robert F. Lietzow, Jr.
Managing Member
Lakeway Capital Partners, LLC
By: /s/ Robert F. Lietzow, Jr.
---------------------------------------------
Robert F. Lietzow, Jr.
Managing Member
By: /s/ Robert F. Lietzow, Jr.
---------------------------------------------
Robert F. Lietzow, Jr.
Dated as of: June 18, 1999
<PAGE>
CUSIP No. 199333-10-5 SCHEDULE 13D/A Page 23 of 23 Pages
----------- --------------------
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.
This statement may be executed in any number of counterparts, each of which
shall be deemed an original and all of which shall constitute one (1)
instrument.
Scoggin Capital Management, L.P.
By: S&E Partners, L.P., its General Partner
By: Scoggin, Inc., its General Partner
By: /s/ Curtis Schenker
---------------------------------------------
Curtis Schenker, its Executive Officer
SCOGGIN INTERNATIONAL FUND, LTD.
By: Scoggin, LLC, its Investment Advisor
By: /s/ Curtis Schenker
---------------------------------------------
Curtis Schenker, Managing Member
Scoggin, LLC
By: /s/ Curtis Schenker
---------------------------------------------
Curtis Schenker, Managing Member
Scoggin, Inc.
By: /s/ Curtis Schenker
---------------------------------------------
Curtis Schenker, its Chief Executive Officer
By: /s/ Craig Effron
---------------------------------------------
Craig Effron
By: /s/ Curtis Schenker
---------------------------------------------
Curtis Schenker
Dated as of: June 18, 1999
<PAGE>
EXHIBIT H
SHAREHOLDER NOTICE OF NOMINATIONS, SHAREHOLDER PROPOSAL AND EXHIBITS
DATED JUNE 16, 1999
METROPOLITAN CAPITAL ADVISORS, INC.
660 Madison Avenue
New York, New York 10021
June 16, 1999
Lois H. Demler
Corporate Secretary
Columbus McKinnon Corporation
140 John James Audubon Parkway
Amherst, New York 14228-1197
Re: Shareholder Notice
Dear Ms. Demler:
Bedford Falls Investors, L.P. ("Bedford"), the record holder of 100
shares of common stock of Columbus McKinnon Corporation (the "Company"), hereby
formally notifies the Company that the Notice of Annual Meeting of Shareholders
for the 1999 Annual Meeting should include the following items of business: (a)
a proposal to restore the Company's By-laws to the form in effect immediately
prior to the amendment of the By-laws approved by the Board of Directors on May
17, 1999, effective immediately upon approval of such action, and (b) election
of the nominees set forth in Exhibit A to this letter to fill the Board of
Director vacancies scheduled to occur at the 1999 Annual Meeting. The text of
proposal (a) above, and the reasons therefor, are attached hereto as Exhibit B.
Without conceding or accepting the validity of limitations and
conditions added to the Company's By-laws on May 17, 1999, Bedford is making
such nominations in accordance with the requirements of Section 1.11 of the
Company's Amended and Restated By-laws as adopted May 17, 1999. Bedford reserves
the right to revise, add to or supplement the nominations described above, or to
make other proposals, for consideration at the Notice of Annual Meeting, as well
as to submit other business for consideration at the Annual Meeting.
Very truly yours,
BEDFORD FALLS INVESTORS, L.P.
By: Metropolitan Capital Advisors, L.P., its General Partner
By: Metropolitan Capital Advisors, Inc., its General Partner
By: /s/ Jeffrey E. Schwarz
--------------------------------------------
Jeffrey E. Schwarz, Chief Executive Officer
<PAGE>
EXHIBIT A
(i) NAMES AND ADDRESSES OF NOMINEES
-------------------------------
JEFFREY E. SCHWARZ, AGE 40
Business Address: Metropolitan Capital Advisors, Inc.
660 Madison Avenue, 20th Floor
New York, NY 10021
ROBERT F. LIETZOW, JR., AGE 34
Business Address: Lakeway Capital Partners, LLC
660 Madison Avenue, 20th Floor
New York, NY 10021
JONATHAN G. GUSS, AGE 40
Business Address: c/o Bogen Communications International, Inc.
50 Spring Street
P.O. Box 575
Ramsey, New Jersey 07446
GEORGE G. RAYMOND, JR., AGE 78
Business Address: Sankaty Capital Management, LLC
5150 Tamiami Trail, N., Suite 303
Naples, Florida 34103
LARRY N. KATSOULIS, AGE 53
Business Address: 330 East Kilbourne Avenue
Suite 1185
Milwaukee, Wisconsin 53202
(ii) Information Regarding Ownership of Securities As Reported By Each Nominee
-------------------------------------------------------------------------
Bedford Falls Investors, L.P. ("Bedford"), which has a
business address of 660 Madison Avenue, 20th Floor, New York,
New York 10021, is the beneficial owner of 366,800 shares of
Common Stock, of which 100 shares are owned of record by
Bedford.
Jeffrey E. Schwarz may be deemed to have beneficial ownership
of an aggregate of 607,400 shares of the Company's common
stock, representing 4.14% of the outstanding Common Stock, by
virtue of Mr. Schwarz being deemed to indirectly hold shared
dispositive and shared voting control over 366,800 shares of
Common Stock of the Company beneficially owned by Bedford
Falls Investors, L.P. ("Bedford"), and 240,600 shares of
Common Stock beneficially owned by Metropolitan Capital
Advisors International Limited ("Metropolitan International").
In addition to the above, Mr. Schwarz is the beneficial owner
of 7,200 shares representing .05% of the Company's outstanding
Common Stock which he owns individually, and may be deemed to
beneficially own an additional 6,800 shares held by certain
family members and trusts established for the benefit of
certain family members of Mr. Schwarz. Mr. Schwarz is not a
record owner of any shares of the Company's Common Stock.
Jeffrey E. Schwarz is a shareholder, Director, and the Chief
Executive Officer, Treasurer and Secretary of Metropolitan
Capital Advisors, Inc., a New York corporation, which is the
sole General Partner of Metropolitan Capital Advisors, L.P.,
the sole General Partner of Bedford, which is in the business
of purchasing, for investment and trading purposes, securities
and other financial instruments.
Mr. Schwarz also is a shareholder, Director, and the Chief
Executive Officer, Treasurer and Secretary of Metropolitan
Capital III, Inc., a Delaware corporation, which is the sole
General Partner of Metropolitan Capital Partners III, L.P., a
privately owned partnership which renders investment
management and advisory services to Metropolitan
International, which is in the business of purchasing, for
investment and trading purposes, securities and other
financial instruments.
Robert F. Lietzow, Jr., may be deemed to have beneficial
ownership of an aggregate of 120,450 shares of the Company's
Common Stock, representing .82% of the Company's outstanding
Common Stock by virtue of Mr. Lietzow being deemed to
indirectly hold sole dispositive and sole voting control over
116,750 shares of Common Stock of the Company beneficially
owned by Yaupon Partners, L.P. ("Yaupon"), and 3,700 shares of
Common Stock beneficially owned by Yaupon Partners II, L.P.
("Yaupon II").
In addition to the above, Mr. Lietzow is the beneficial owner
of 17,295 shares representing .12% of the Company's
outstanding shares which he owns individually. Mr. Lietzow is
not a record owner of any shares of the Company's Common
Stock.
Robert F. Lietzow, Jr. is the Managing Member of Lakeway
Capital Partners, LLC, a Delaware limited liability company
("Lakeway Capital"), which is the General Partner of Yaupon
and Yaupon II, each of which is in the business of purchasing,
for investment and trading purposes, securities and other
financial instruments.
As of the date hereof, Jonathan G. Guss is neither a
beneficial nor record holder of any shares of stock of the
Company.
As of the date hereof, George G. Raymond, Jr. is neither a
beneficial nor record holder of any shares of stock of the
Company.
As of the date hereof, Larry N. Katsoulis is neither a
beneficial nor record holder of any shares of stock of the
Company.
<PAGE>
(iv) Information Regarding Nominees
------------------------------
All Nominees are citizens of the United States.
JEFFREY E. SCHWARZ (age 40)-- Since July 1992, Mr. Schwarz has
been the Chief Executive Officer and a director of Metropolitan
Capital Advisors, Inc. ("Metropolitan"), an investment advisory
firm. Mr. Schwarz also serves as a director of two private
companies that are affiliated with Metropolitan, KJ Advisors Inc.
and Metropolitan Capital Advisors III, Inc. Since November 1997,
Mr. Schwarz has served as non-executive Co-Chairman of Bogen
Communications International, Inc., a NASDAQ traded provider of
telecommunications peripherals and sound processing equipment.
From October 1997 to April 1999 Mr. Schwarz also was a director
of Emultek Ltd., an American Stock Exchange listed Israeli
company which provides simulation technology for the development,
promotion and support of electronic products. In addition, Mr.
Schwarz serves as the Chairman of EK Management, Inc., the
general partner of EK Associates, L.P. (also known as "Ekco/Glaco
Ltd."), a limited partnership which provided goods and services
to the baking industry. Mr. Schwarz graduated summa cum laude
from the University of Pennsylvania's Wharton School receiving a
B.S. in Economics, with a concentration in Accounting, and an
M.B.A., with a concentration in Finance.
ROBERT F. LIETZOW, JR. (age 34)-- Mr. Lietzow's principal
occupation is the managing member of Lakeway Capital Partners,
LLC, the general partner of Yaupon Partners, L.P. and Yaupon
Partners II, L.P., each a private investment partnership. Prior
to the formation of Lakeway Capital Partners, LLC in 1998, Mr.
Lietzow served as Vice President of Metropolitan Capital
Advisors, Inc., from November 1994 until September 1998. During
the period from February 1992 until October 1994, Mr. Lietzow was
the Managing Director of Lietzow Investments, an investment
management company.
JONATHAN G. GUSS (age 40)-- Since 1997, Mr. Guss's principal
occupation has been the Chief Executive Officer and a director of
Bogen Communications International, Inc., a NASDAQ traded
provider of telecommunications peripherals and sound processing
equipment. Mr. Guss also currently serves as a member of the
Executive Committee of the Board of Directors. Since May 1990,
Mr. Guss has been a principal and President of Active Management
Group, Inc., a firm that provides turnaround management services.
Since August 1992, Mr. Guss has been a principal and Chief
Executive Officer of EK Management, Inc., the general partner of
EK Associates, L.P. (also known as "Ekco/Glaco Ltd."), a limited
partnership which provided goods and services to the baking
industry. In addition, Mr. Guss has been a director of Alliant
Techsystems Inc., a leading developer of munitions, solid
propulsion systems and defense electronic systems, since August
1994. Mr. Guss is a 1985 graduate of the Harvard Business School
and a 1981 graduate of Reed College.
GEORGE G. RAYMOND, JR. (age 78)-- Mr. Raymond is the retired
Chairman of the Board and Chief Executive Officer of Raymond
Corporation, a leading supplier of narrow aisle forklifts. Mr.
Raymond served as Chairman of the Board and as an officer of
Raymond Corporation from 1973 until 1995. Mr. Raymond currently
is a managing member of Sankaty Capital Management, LLC, the
general partner of Sankaty Capital Partners, L.P, a private
investment partnership. He also is a lifetime trustee of Alfred
University.
<PAGE>
LARRY N. KATSOULIS (age 53 )-- Since 1997, Mr. Katsoulis's
principal occupation has been President, Chief Executive Officer
and a director of Pillar Corporation, a privately-held
corporation engaged in manufacturing induction heating power
supplies. From 1988 to 1997 Mr. Katsoulis served as an executive
officer of Yale International, Inc. ("Yale"), a leading
manufacturer of hoists and material handling equipment. Mr.
Katsoulis served as President of Yale from 1994 to 1997.
Each of the Nominees has agreed with Bedford and the Columbus McKinnon
Shareholders Committee (the "Committee") to serve as nominee for the purposes of
election to the Company's Board of Directors who will propose a strategy of
maximizing shareholder value. The Committee is made up of certain beneficial
holders of the Company's outstanding Common Stock. The Committee members are
Metropolitan Capital Advisors, Inc., Metropolitan Capital III, Inc., Scoggin,
Inc., Scoggin, LLC, and Lakeway Capital Advisors, LLC, each acting on its own
behalf and on behalf of affiliated entities. In addition to the members of the
Committee, the following individuals and entities also may be deemed to be
participants in the Committee's proxy solicitation: Bedford Falls Investors,
L.P., of which Metropolitan Capital Advisors, L.P. is the sole general partner,
of which Metropolitan Capital Advisors, Inc. is the sole general partner;
Metropolitan Capital Advisors International Limited, of which Metropolitan
Capital Partners III, L.P. is the investment advisor, of which Metropolitan
Capital III, Inc. is the sole general partner; Jeffrey E. Schwarz and Karen
Finerman, as shareholders, directors and executive officers of Metropolitan
Capital Advisors, Inc. and Metropolitan Capital III, Inc.; Yaupon Partners, L.P.
and Yaupon Partners II, L.P., of which Lakeway Capital Partners, LLC is the sole
general partner; Robert F. Lietzow, Jr., as managing member of Lakeway Capital
Partners, LLC; Scoggin Capital Management, L.P., of which Scoggin, Inc. is the
sole general partner; Scoggin International Fund, Ltd., of which Scoggin, LLC is
the investment advisor; and Curtis Schenker and Craig Effron, as shareholders,
directors and executive officers of Scoggin, Inc. and managing members of
Scoggin, LLC.
The Columbus McKinnon Shareholders Committee has agreed with each
Nominee to bear all costs and expenses of, and indemnify against any and all
liability incurred by, each Nominee in connection with the Nominee being a
candidate for election to the Company's Board of Directors. Each Nominee, other
than Messrs. Schwarz and Lietzow, will receive expense reimbursements and a fee
from the Committee for serving as a Nominee in the amount of $10,000 whether or
not elected. If elected as a director of the Company, each Nominee will receive
directors' fees in accordance with the Company's practices and policies as set
by the Board from time to time.
None of the corporations or organizations in which any of the Nominees
has conducted his principal occupation or employment was a parent, subsidiary or
other affiliate of the Company.
There is no information with respect to any Nominees required to be
described under Item 401(f) of Regulation S-K.
<PAGE>
Jeffrey E. Schwarz, the undersigned, does hereby consent to serve as a
Director of Columbus McKinnon Corporation if so elected.
Date: June 15, 1999 /s/ Jeffrey E. Schwarz
------------- -------------------------------------
Jeffrey E. Schwarz
Robert F. Lietzow, Jr., the undersigned, does hereby consent to serve
as a Director of Columbus McKinnon Corporation if so elected.
Date: June 15, 1999 /s/ Robert F. Lietzow, Jr.
------------- ---------------------------
Robert F. Lietzow, Jr.
Jonathan G. Guss, the undersigned, does hereby consent to serve as a
Director of Columbus McKinnon Corporation if so elected.
Date: June 15, 1999 /s/ Jonathan G. Guss
------------- --------------------------
Jonathan G. Guss
George G. Raymond, Jr., the undersigned, does hereby consent to serve
as a Director of Columbus McKinnon Corporation if so elected.
Date: June 15, 1999 /s/ George G. Raymond, Jr.
------------- ---------------------------
George G. Raymond, Jr.
Larry N. Katsoulis, the undersigned, does hereby consent to serve as a
Director of Columbus McKinnon Corporation if so elected.
Date:June 16, 1999 /s/ Larry N. Katsoulis
------------- --------------------------
Larry N. Katsoulis
<PAGE>
EXHIBIT B
---------
PROPOSAL FOR CONSIDERATION BY SHAREHOLDERS:
"That the Company's by-laws be amended to restore such by-laws, in their
entirety, to the form in effect on May 16, 1999, and that such amended by-laws
be effective immediately upon approval thereof by shareholders and for purposes
of any proposals or director nominations desired to be made by shareholders at
such meeting."
REASONS FOR THE PROPOSAL:
To restore the by-laws to the form in effect prior to the by-law amendments
approved by the Directors on May 17, 1999, which imposed new requirements and
limitations on proposals and nominations by shareholders. By restoring the prior
form of by-laws, the proponent intends to afford shareholders the ability to
rescind any additional by-law changes that may be adopted by the Board of
Directors prior to the Annual Meeting, and to re-establish for shareholders the
same right and ability to propose actions or nominees as existed prior to such
May 17, 1999 amendment. If so amended, the proponent and the Columbus McKinnon
Shareholders Committee would have the same rights as all other shareholders to
make such nominations and proposals, and may exercise such rights in furtherance
of their proposal to elect nominees who would pursue a strategy of maximizing
shareholder value.
