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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. ___________)*
Hawker Pacific Aerospace
---------------------------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share,
8% Series C Convertible Preferred Stock
---------------------------------------------
(Title of Class of Securities)
420123 10 1
---------------------------------------------
(CUSIP Number)
Knut Wiszniewski
Director of Finance
Lufthansa Technik
Weg beim Jager 193
D-22334 Hamburg, Germany
011-49-405-070-4014
---------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 20, 2000
---------------------------------------------
(Date of Event which Requires Filing of this Statement)
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If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box. [ ]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 for other
parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
2
<PAGE> 3
CUSIP No. 420123 10 1
1. Names of Reporting Persons. I.R.S. Identification Nos. of above
persons (entities only).
Lufthansa Technik AG EIN 11-342-2119
2. Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) [ ]
(b) [ ]
3. SEC Use Only
4. Source of Funds (See Instructions) WC
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e)
6. Citizenship or Place of Organization
Federal Republic of Germany
Number of 7. Sole Voting Power: 2,667,623 shares of Common Stock
Shares
Beneficially 8. Shared Voting Power:
Owned by
Each 9. Sole Dispositive Power: 2,341,495 shares of Common Stock
Reporting
Person With 10. Shared Dispositive Power:
11. Aggregate Amount Beneficially Owned by Each Reporting Person:
2,341,495
12. Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions) [ ]
13. Percent of Class Represented by Amount in Row (11): 45.6%
14. Type of Reporting Person (See Instructions)
CO
3
<PAGE> 4
CUSIP No. 420123 10 1
1. Names of Reporting Persons. I.R.S. Identification Nos. of above
persons (entities only).
Lufthansa Technik AG EIN 11-324-2119
2. Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) [ ]
(b) [ ]
3. SEC Use Only
4. Source of Funds (See Instructions) WC
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e)
6. Citizenship or Place of Organization
Federal Republic of Germany
Number of 7. Sole Voting Power: 300 8% Series C Convertible
Shares Preferred Shares
Beneficially 8. Shared Voting Power:
Owned by
Each 9. Sole Dispositive Power: 300 8% Series C Convertible
Reporting Preferred Shares
Person With 10. Shared Dispositive Power:
11. Aggregate Amount Beneficially Owned by Each Reporting Person 300
12. Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions) [ ]
13. Percent of Class Represented by Amount in Row (11) 100%
14. Type of Reporting Person (See Instructions)
CO
4
<PAGE> 5
ITEM 1. SECURITY AND ISSUER
This Report on Schedule 13D relates to shares of Common Stock, and 8%
Series C Convertible Preferred Shares, of Hawker Pacific Aerospace (the
"Company"). The principal executive offices of the Company are located at 11240
Sherman Way, Sun Valley, California 91352.
ITEM 2. IDENTITY AND BACKGROUND
This Report is filed by Lufthansa Technik AG ("Lufthansa Technik") a
corporation organized under the laws of the Federal Republic of Germany having
its principal executive offices at Weg beim Jager 193, D-22335 Hamburg, Germany.
Lufthansa Technik is a provider of aircraft-related technical services.
The name, business address, citizenship and present principal
occupation or employment of each member of the Executive Board and Supervisory
Board of Lufthansa Technik are set forth on Schedule I hereto and are
incorporated herein by reference. Unless otherwise specified each member of the
Executive Board and Supervisory Board is a citizen of the Federal Republic of
Germany.
During the last five years, to the best of Lufthansa Technik's
knowledge, no person on Schedule I has been (a) convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) or (b) a party
to a civil proceeding of a judicial or administrative body of competent
jurisdiction as a result of which proceeding such person is or was subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to federal or state securities laws or finding
any violation with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS
The source of funds used in purchasing the Shares was the working
capital of Lufthansa Technik. The amount of the purchase price was
$13,448,234.00.
ITEM 4. PURPOSE OF TRANSACTION
The purpose of the transaction is to acquire controlling interest of
the Company. On September 20, 2000, Lufthansa Technik entered into a Stock
Purchase Agreement with Melanie L. Bastain, John G. Makoff, John G. Makoff
custodian for Dillon John Makoff, Sidney G. Makoff, Daniel J. Lubeck, and Scott
W. Hartman. Pursuant to this Stock Purchase Agreement, Lufthansa Technik
purchased 2,336,495 shares of Common Stock of the Company for $4.12 per share
for a total purchase price of $9,626,359.40. Pursuant to this Stock Purchase
Agreement, Lufthansa Technik has the right to nominate three members of the
Board of Directors of the Company
Also on September 20, 2000, Lufthansa Technik purchased 5,000 shares of
Common Stock of the Company in open-market transactions. The purchase price for
these shares was $6.375 for a total cost of $31,875.00.
In connection with entering into the Stock Purchase Agreement, also on
September 20, 2000, Lufthansa Technik entered into a Shareholders Rights and
Voting Agreement with the Company and David Lokken, Brian Carr, Michael Riley,
and Dennis Biety. Pursuant to this Shareholders Rights and Voting Agreement,
Lufthansa Technik now has control over the voting rights of 196,342 shares of
Common Stock in the Company and 129,786 options. Pursuant to this Shareholders
Rights and Voting Agreement, Lufthansa Technik has the right to increase the
number of Directors from seven (7) to nine
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<PAGE> 6
(9). The Shareholders Rights and Voting Agreement also gives Lufthansa Technik a
right of first refusal over the signing shareholders' shares, and requires the
signing shareholders to vote their shares in favor of the warrants issued to
Luftansa Technik in connection with the Loan discussed below.
Simultaneous with closing on the Stock Purchase Agreement, also on
September 20, 2000 Lufthansa Technik entered into a Loan Agreement with the
Company. Pursuant to this Loan Agreement Lufthansa Technik is lending $9,300,000
to the Company for a term of three (3) years. Also pursuant to this Loan
Agreement, Lufthansa Technik acquired warrants for two million five hundred
thousand (2,500,000) shares of Common Stock of the Company for four U.S. dollars
and twenty five cents ($4.25) per share. These warrants are subject to the
approval of the shareholders of the Company and are exercisable from the date of
such shareholder approval until September 19, 2001. Also on September 20, 2000,
Lufthansa Technik and the Company entered into a Voting and Indemnity Agreement
in which Lufthansa Technik agreed to vote its shares in favor of the warrants
and the Company agreed to indemnify Lufthansa Technik for any losses associated
with it so voting.
Also on September 20, 2000, Lufthansa Technik entered into a Stock
Purchase Agreement with Deephaven Private Placement Trading Ltd. for the
purchase of 300 shares of 8% Series C Convertible Preferred Stock for
$3,790,000.00. These shares of Convertible Preferred Stock are convertible into
Common Stock of the Company on a variable conversion formula. As of September
29, 2000, conversion would yield 733,035 shares of Common Stock of the Company.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) and (b)
Upon the occurrence of the closings of the open-market transactions,
the Stock Purchase Agreement and the Shareholders Rights and Voting Agreement,
Lufthansa Technik became the record owner of 2,341,495 shares of Common Stock of
the Company, currently representing approximately 40.0% of the outstanding
shares of Common Stock; and controls the voting rights of an additional 196,342
shares, representing approximately 3.4% of the outstanding shares of Common
Stock of the Company. The Shareholders Rights and Voting Agreement also gives
Lufthansa Technik control over the voting rights of 129,786 options, which if
exercised by the option holders would represent 2.2% of the then outstanding
shares of Common Stock of the company.
Upon the occurrence of the Closing of the Stock Purchase Agreement with
Deephaven Private Placement Trading, Ltd., Lufthansa Technik became the owner of
300 shares of 8% Series C Convertible Preferred shares representing 100% of the
issued and outstanding shares of this series. These shares of Convertible
Preferred Stock are convertible into Common Stock of the Company on a variable
conversion formula. As of September 29, 2000, conversion would yield 733,035
shares of Common Stock of the Company, which if converted would represent 11.1%
of the outstanding shares of Common Stock of the Company, raising Lufthansa
Technik's total percentage ownership to 46.7% of the outstanding shares of
Common Stock of the Company.
Upon shareholder approval of the warrants contained within the Loan,
Lufthansa Technik shall become the owner of immediately exercisable warrants to
purchase 2,500,000 shares of Common Stock of the Company. If these warrants were
exercised at a time when Lufthansa Technik had not converted the 8% Series C
Convertible Preferred shares, the shares issued on exercise would represent
29.9% of the then outstanding shares of Common Stock of the Company, raising
Lufthansa Technik's total
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<PAGE> 7
percentage ownership to 57.9% of the then outstanding shares of Common Stock of
the Company. If these warrants were exercised at a time when Lufthansa Technik
had previously converted the 8% Series C Convertible Preferred shares, the
shares issued on exercise would represent 27.5% of the then outstanding shares
of Common Stock of the Company, raising Lufthansa Technik's total percentage
ownership to 61.4% of the then outstanding shares of Common Stock of the
Company.
(c) Except for the agreements and transactions described in Item 4,
there have been no transactions in shares of the Company by Lufthansa Technik,
or, to the best knowledge of Lufthansa Technik, the members of the Executive
Board and Supervisory Board of Lufthansa Technik during the past 60 days.
(d) To the best knowledge of Lufthansa Technik no other person has the
right to receive or the power to direct the receipt of dividends from, the
proceeds from the sale of, such securities.
(e) Not applicable.
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 Lufthansa
Technik, no contracts, arrangements, understandings or relationships (legal or
otherwise) exist among persons named in Item 2 or between such persons and any
other person with respect to any securities of the Company, including but not
limited to transfer or voting of any such securities, finder's fees, joint
ventures, loan or option arrangements, puts or calls, guarantees of profits,
division of profits or loss, or the giving or withholding of proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit 1 Stock Purchase Agreement dated September 20, 2000, between
The Shareholders Listed and Lufthansa Technik AG.
Exhibit 2 Shareholders Rights and Voting Agreement dated September 20,
2000 between Hawker Pacific Aerospace, The Shareholders Listed and Lufthansa
Technik AG.
Exhibit 3 Loan Agreement dated September 20, 2000 between Hawker
Pacific Aerospace and Lufthansa Technik AG.
Exhibit 4 Stock Purchase Agreement dated September 20, 2000 between
Lufthansa Technik AG and Deephaven Placement Trading, Ltd.
Exhibit 5 Voting and Indemnity Agreement dated September 20, 2000
between Hawker Pacific Aerospace and Lufthansa Technik AG.
7
<PAGE> 8
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.
Lufthansa Technik AG
/s/ KNUT WISZNIEWSKI
--------------------------
by: Knut Wiszniewski
its: Director of Finance
8
<PAGE> 9
SCHEDULE I
Unless otherwise indicated, all persons are citizens of the
Federal Republic of Germany
Executive Board
<TABLE>
<CAPTION>
------------------------------------------- ----------------------------------------- -----------------------------------------
Name Address Principal Occupation
------------------------------------------- ----------------------------------------- -----------------------------------------
<S> <C> <C>
1. Wolfgang Mayhruber Lufhansa Technik Chairman, Executive Board
Wem beim Jager 193 D-22334
Hamburg, Germany
------------------------------------------- ----------------------------------------- -----------------------------------------
2. Dr. Gerald Gallus Lufhansa Technik Member, Executive Board
Wem beim Jager 193 D-22334
Hamburg, Germany
------------------------------------------- ----------------------------------------- -----------------------------------------
3. Wolfgang Warburg Lufhansa Technik Member, Executive Board
Wem beim Jager 193 D-22334
Hamburg, Germany
------------------------------------------- ----------------------------------------- -----------------------------------------
4. August-Wilhelm Henningsen Lufhansa Technik Member, Executive Board
Wem beim Jager 193 D-22334
Hamburg, Germany
------------------------------------------- ----------------------------------------- -----------------------------------------
</TABLE>
Supervisory Board
<TABLE>
<S> <C> <C>
------------------------------------------- ----------------------------------------- -----------------------------------------
1. Dipl.-Ing. Dr.-Ing. E.h. Jurgen Weber Vorsitzender des Vorstands Chairman of the Executive Board of
Deutsche Lufthansa Deutsche Lufthansa AG Chairman
Aktiengesellschaft
Flughafen, Lufthansa Basis
60546 Frankfurt/Main, Germany
------------------------------------------- ----------------------------------------- -----------------------------------------
2. Manfred Calsow HAM T/YX Graduate in business management
Postfach 63 03 00 Employee Representative
22332 Hamburg, Germany Vice-Chairman
------------------------------------------- ----------------------------------------- -----------------------------------------
3. Fu Baoxin Air China Group Vice President Technic
Capital International Airport Air China Group
P.O. Box 100621
Beijing, P.R. China
------------------------------------------- ----------------------------------------- -----------------------------------------
4. Dr. Karl-Ludwig Kley Vorstand Finanzen Member of the Executive Board and
Deutsche Lufthansa Director of Finance
Aktiengesellschaft of Deutsche Lufthansa AG
Von-Gablenz Str. 2-6
50679 Koln, Germany
------------------------------------------- ----------------------------------------- -----------------------------------------
</TABLE>
9
<PAGE> 10
<TABLE>
<S> <C> <C>
------------------------------------------- ----------------------------------------- -----------------------------------------
5. Eckhard Lieb HAM T/YX Engine mechanic
Flughafen, Lufthansa Basis Employee Representative
22332 Hamburg, Germany
------------------------------------------- ----------------------------------------- -----------------------------------------
6. Hartmut Mehdorn Vorsitzender des Vorstands Chairman of the Management Board
Deutsche Bahn AG and CEO of Deutsche Bahn AG
Stephensonstrasse 1
60326 Frankfurt/Main, Germany
------------------------------------------- ----------------------------------------- -----------------------------------------
7. Bernd Niklas HAM T/YX Aircraft mechanic
Postfach 63 03 00 Employee Representative
22332 Hamburg, Germany
------------------------------------------- ----------------------------------------- -----------------------------------------
8. Dr. Tyll Necker Geschaftsfuhrer und Managing Director of
Gesellshafter HAKO Holdings GmbH & Co
HAKO Holding GmbH & Co.
Hamburger Strasse 209-239
23843 Bad Oldesloe, Germany
------------------------------------------- ----------------------------------------- -----------------------------------------
9. Dr. Gert Vogt Villa Minerva Chairman Board of Management
Dorfstrasse 1 of Kreditanstalt
CH-6442 Gersau, Germany fuer Wiederaufbau (ret.)
------------------------------------------- ----------------------------------------- -----------------------------------------
10. Jan Kahmann Mitglied des geschaftsfurhenden Managing Executive Board
Hauptvorstands der of the Union of Public Services
Gewerkschaft OTV and Transport Workers (OTV)
OTV-Hauptverwaltug Employee Representative
Theodor-Heuss-Str. 2
70174 Stuttgart
------------------------------------------- ----------------------------------------- -----------------------------------------
11. Wolfgang Weynell HAM WT 2 Department head
Postfach 63 03 00 Employee Representative
22332 Hamburg, Germany
------------------------------------------- ----------------------------------------- -----------------------------------------
12. Dr. Peer Witten Mitglied des Vorstands Member of the Executive Board
Otto-Versand Otto Versand GmbH & Co
Wandsbeker Strasse 3-7
22172 Hamburg, Germany
------------------------------------------- ----------------------------------------- -----------------------------------------
13. Karl-Ludwig Kley Vorstand Finanzen
Deutsche Lufthansa
Aktiengesellschaft
Von-Gablenz-Str. 2-6
50679 Koln, Germany
------------------------------------------- ----------------------------------------- -----------------------------------------
14. Stefan Lauer Vorstand Personal
Deutsche Lufthansa
Aktiengesellschaft
Flughafen, Lufthansa Basis
60546 Frankfurt/Main, Germany
------------------------------------------- ----------------------------------------- -----------------------------------------
15. Dr. h.c. Tyll Necker Geschaftsfuhrer und
Gesellschafter
HAKO Holding GmbH & Co.
Hamburger Strasse 209-239
23843 Bad Oldesloe, Germany
------------------------------------------- ----------------------------------------- -----------------------------------------
16. Armin Huller FRA T/YK
Flughafen, Lufthansa Basis
60546 Frankfurt/Main, Germany
------------------------------------------- ----------------------------------------- -----------------------------------------
17. Friedheim Becker FRA T/YX
Flughafen, Lufthansa Basis
60546 Frankfurt/Main
------------------------------------------- ----------------------------------------- -----------------------------------------
</TABLE>
10
