UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
--------------------
EMCOR GROUP, INC.
(Name of Issuer)
Common Stock, $.01 par value
(Title of Class of Securities)
29084Q-10-0
(CUSIP Number)
Stephanie B. Mudick
General Counsel - Corporate Law
Citigroup Inc.
153 East 53rd Street
New York, NY 10043
(212) 559-1000
(Name, address and telephone number of person
authorized to receive notices and communications)
May 7, 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(e), Rule 13d-1(f) or Rule 13d-1(g), check the
following box [ X ].
Note: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Rule 13d-7 for
other parties to whom copies are to be sent.
- ------------------------
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purposes 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. 29084Q100 Page 2 of 17 Pages
- ------------------------ -------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Salomon Brothers Asset Management Inc
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER 0
NUMBER OF
---------------------------------------------------------------
SHARES 8 SHARED VOTING POWER 827,260*
BENEFICIALLY
OWNED BY
---------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 0
REPORTING
---------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER 827,260*
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 827,260*
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.9%*
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IA
- --------------------------------------------------------------------------------
* Assumes conversion of certain securities held.
<PAGE>
- ------------------------ -------------------
CUSIP No. 29084Q100 Page 3 of 17 Pages
- ------------------------ -------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Salomon Brothers Holding Company Inc
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER 0
NUMBER OF
---------------------------------------------------------------
SHARES 8 SHARED VOTING POWER 827,266*
BENEFICIALLY
OWNED BY
---------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 0
REPORTING
---------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER 827,266*
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 827,266*
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.9%*
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO
- --------------------------------------------------------------------------------
* Assumes conversion of certain securities held.
<PAGE>
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CUSIP No. 29084Q100 Page 4 of 17 Pages
- ------------------------ -------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Salomon Smith Barney Holdings Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER 0
NUMBER OF
---------------------------------------------------------------
SHARES 8 SHARED VOTING POWER 933,409*
BENEFICIALLY
OWNED BY
---------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 0
REPORTING
---------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER 933,409*
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 933,409*
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.0%*
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) HC
- --------------------------------------------------------------------------------
* Assumes conversion of certain securities held.
<PAGE>
- ------------------------ -------------------
CUSIP No. 29084Q100 Page 5 of 17 Pages
- ------------------------ -------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Citigroup Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER 0
NUMBER OF
---------------------------------------------------------------
SHARES 8 SHARED VOTING POWER 1,262,597*
BENEFICIALLY
OWNED BY
---------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 0
REPORTING
---------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER 1,262,597*
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 1,262,597*
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.7%*
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) HC
- --------------------------------------------------------------------------------
* Assumes conversion of certain securities held.
<PAGE>
Item 1. Security and Issuer.
This statement on Schedule 13D is being filed with respect to shares
of Common Stock, $.01 par value each (the "Common Stock") of Emcor Group, Inc.,
a Delaware corporation (the "Issuer"), which has its principal executive office
at 101 Merritt Seven Corporate Park, Norwalk, CT 06851.
Item 2. Identity and Background.
This statement on Schedule 13D is being filed by Salomon Brothers
Asset Management Inc ("SBAM"), Salomon Brothers Holding Company Inc ("SBHC"),
Salomon Smith Barney Holdings Inc. ("SSBH"), and Citigroup Inc. ("Citigroup")
(together, the "Reporting Persons").
(a), (b), (c) and (f) SBAM is a Delaware corporation. The address of
its principal business office is 388 Greenwich Street, New York, NY 10013. SBAM
is a registered investment adviser providing asset management services to
registered investment companies, individuals and institutions.
SBHC is a Delaware corporation and is the sole stockholder of SBAM.
SBHC is a swap dealer that deals in swaps and certain OTC instruments, engages
in lending and holds certain investments. The address of its principal business
office is 388 Greenwich Street, New York, NY 10013.
SSBH is a Delaware corporation and is the sole stockholder of SBHC.
SSBH engages in no direct activities. The address of its principal business
office is 388 Greenwich Street, New York, NY 10013.
Citigroup is a Delaware corporation and is the sole stockholder of
SSBH. The principal executive offices of Citigroup are located, and the
principal business is conducted, at 153 East 53rd Street, New York, NY 10043.
Citigroup is a diversified holding company whose businesses provide a broad
range of financial services to consumer and corporate customers around the
world. Citigroup's activities are conducted through its Global Consumer, Global
Corporate and Investment Bank, Asset Management, and Investment Activities
segments. A joint filing agreement of the Reporting Persons is attached hereto
as Exhibit 1.
The names, citizenship, business addresses and principal occupations
or employments of each of the executive officers and directors of SBAM and
Citigroup are set forth in Annexes A and B, which are incorporated herein by
reference.
(d) and (e) During the last five years, none of the Reporting
Persons nor, to the best knowledge of the Reporting Persons, any of the persons
listed in Annexes A or B hereto, have been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) or have been a party to a
civil proceeding of a judicial or administrative body of competent jurisdiction
and as a result of such proceeding were or are subject to any material
Page 6
<PAGE>
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 or Other Consideration.
The source of funds for the purchases of the Common Stock and
Convertible Securities (as defined in Item 5 below) was working capital of SBAM
and the other Citigroup subsidiaries that purchased the subject securities. The
aggregate purchase prices of Common Stock purchased during the past 60 days are
shown on Annex C hereto, which is incorporated herein by reference.
Item 4. Purpose of Transaction.
The Common Stock and Convertible Securities reported herein as
beneficially owned by the Reporting Persons were purchased for investment
purposes, for third party accounts or mutual funds managed by Citigroup's
subsidiaries or as part of a convertible arbitrage strategy.
The subsidiaries of Citigroup review their respective holdings of
Issuer securities on a continuing basis. Depending on such evaluations of the
Issuer's business and prospects, and upon future developments (including, but
not limited to, market prices of the Common Stock and Convertible Securities and
availability and alternative uses of funds, as well as conditions in the
securities markets and general economic and industry conditions), each Citigroup
subsidiary may acquire other securities of the Issuer (except in contravention
of Rule 13d-1(e)(2)) or sell all or a portion of its Common Stock or Convertible
Securities or other securities of the Issuer, now owned or hereafter acquired.
Except as otherwise described herein, the Reporting Persons, and to the best
knowledge of any of the Reporting Persons, any person identified on Annexes A or
B hereto, do not have any plans or proposals relating to or which would result
in any of the transactions described in Items 4 (a)-(j) of Schedule 13D.
Item 5. Interest in Securities of the Issuer.
(a) and (b) As of May 17, 1999, SBAM may be deemed to beneficially
own 827,260 shares of Common Stock, which includes 758,960 shares of Common
Stock issuable upon conversion of certain convertible securities (the
"Convertible Securities"), representing 7.9% of the outstanding shares of such
class (based on 9,667,003 shares of Common Stock outstanding as of April 30,
1999); SBHC may be deemed to beneficially own 827,266 shares of Common Stock,
which includes 758,966 shares of Common Stock issuable upon conversion of
Convertible Securities, representing 7.9% of the outstanding shares of such
class; SSBH, exclusively through its holding company structure, may be deemed to
beneficially own 933,409 shares of Common Stock, which includes 761,709 shares
of Common Stock issuable upon conversion of Convertible Securities, representing
9.0% of the outstanding shares of such class; and Citigroup, exclusively through
its holding company structure, may be deemed to beneficially own 1,262,597
shares of Common Stock, which includes 1,090,897 shares of Common Stock
Page 7
<PAGE>
issuable upon conversion of Convertible Securities, representing 11.7% of the
outstanding shares of such class.
Except as set forth or incorporated by reference herein, none of the
Reporting Persons or, to the best knowledge of the Reporting Persons, the
persons listed in Annexes A and B hereto, beneficially owned any Common Stock or
Convertible Securities.
(c) The dates, number of shares and prices per share for all
purchases and sales of Common Stock and Convertible Securities by subsidiaries
of Citigroup from March 7, 1999 through May 17, 1999 are shown on Annex C
hereto, which is incorporated herein by reference. Annex C does not include
purchases and sales made for third party accounts or mutual funds. All such
purchases and sales of Common Stock and Convertible Securities were effected in
the over-the-counter market.
(d) and (e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With
Respect to Securities of the Issuer.
None of Citigroup or, to the best knowledge of Citigroup, the
persons listed in Annex A or B hereto, has any contracts, arrangements,
understandings or relationships (legal or otherwise) with any person with
respect to securities of the Issuer.
Item 7. Material To Be Filed As Exhibits.
1. Joint Filing Agreement, dated as of May 17, 1999, by and among
SBAM, SBHC, SSBH and Citigroup.
Page 8
<PAGE>
ANNEXES
A. Executive Officers and Directors of Salomon Brothers Asset Management Inc.
B. Executive Officers and Directors of Citigroup Inc.
C. Description of Purchases and Sales of Common Stock and Convertible
Securities by subsidiaries of Citigroup from March 7, 1999 through May 17,
1999.
Page 9
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of its knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated: May 17, 1999
SALOMON BROTHERS ASSET MANAGEMENT INC
By: /s/ Howard M. Darmstadter
-------------------------
Name: Howard M. Darmstadter
Title: Assistant Secretary
SALOMON BROTHERS HOLDING COMPANY INC
By: /s/ Howard M. Darmstadter
-------------------------
Name: Howard M. Darmstadter
Title: Assistant Secretary
SALOMON SMITH BARNEY HOLDINGS INC.
By: /s/ Howard M. Darmstadter
-------------------------
Name: Howard M. Darmstadter
Title: Assistant Secretary
CITIGROUP INC.
By: /s/ Marla Berman Lewitus
------------------------
Name: Marla Berman Lewitus
Title: Assistant Secretary
Page 10
<PAGE>
ANNEX A
EXECUTIVE OFFICERS AND DIRECTORS OF
SALOMON BROTHERS ASSET MANAGEMENT INC
Name, Title and Citizenship Principal Occupation and Business Address
- --------------------------- -----------------------------------------
Thomas W. Brock Chairman & Chief Executive Officer
Director & Chief Executive Salomon Brothers Asset Management Inc
Officer (USA) 388 Greenwich Street
New York, New York 10013
Vilas V. Gadkari Vice President
Director & Vice President Salomon Brothers Asset Management Inc
(USA) 388 Greenwich Street
New York, New York 10013
James J. Lee Vice President
Director & Vice President Salomon Brothers Asset Management Inc
(USA) 388 Greenwich Street
New York, New York 10013
Page 11
<PAGE>
ANNEX B
EXECUTIVE OFFICERS AND DIRECTORS OF
CITIGROUP INC.
Name, Title and Citizenship Principal Occupation and Business Address
- --------------------------- -----------------------------------------
C. Michael Armstrong Chairman & Chief Executive Officer
Director (USA) AT&T Corp.
295 North Maple Avenue
Basking Ridge, New Jersey 07920
Alain J.P. Belda President & Chief Operations Officer
Director (Brazil) Aluminum Company of America (Alcoa)
201 Isabella Street, Room 6J12
Pittsburgh, Pennsylvania 15212-5858
Kenneth J. Bialkin Partner
Director (USA) Skadden, Arps, Slate, Meagher & Flom LLP
919 Third Avenue
New York, New York 10022
Kenneth T. Derr Chairman & Chief Executive Officer
Director (USA) Chevron Corporation
575 Market Street
San Francisco, California 94105
John M. Deutch Institute Professor
Director (USA) Massachusetts Institute of Technology
77 Massachusetts Avenue, Room 6-208
Cambridge, Massachusetts 02139
Ann Dibble Jordan Consultant & Former Director of Social
Director (USA) Services,
The University of Chicago Medical Center
2904 Benton Place, NW
Washington, DC 20008
Reuben Mark Chairman & Chief Executive Officer
Director (USA) Colgate-Palmolive Company
300 Park Avenue
New York, New York 10022-7499
Page 12
<PAGE>
Michael T. Masin Vice Chairman, President-International &
Director (USA) Director
GTE Corporation
One Stamford Forum
Stamford, Connecticut 06904
Dudley C. Mecum Managing Director
Director (USA) Capricorn Management
30 East Elm Street
Greenwich, Connecticut 06830
Richard D. Parsons President
Director (USA) Time Warner, Inc.
75 Rockefeller Plaza, 29th Floor
New York, New York 10019
Andrall E. Pearson Chairman & Chief Executive Officer
Director (USA) Tricon Global Restaurants, Inc.
660 Steamboat Road
Greenwich, Connecticut 06830
John S. Reed Chairman & Co-Chief Executive Officer
Director & Executive Officer Citigroup Inc.
(USA) 153 East 53rd Street
New York, New York 10043
Robert B. Shapiro Chairman & Chief Executive Officer
Director (USA) Monsanto Company
800 North Lindbergh Blvd.
Mail Zone D1S
St. Louis, Missouri 63167
Franklin A. Thomas Lawyer/Consultant & Former President,
Director (USA) The Ford Foundation
595 Madison Avenue, 33rd Floor
New York, New York 10022
Sanford I. Weill Chairman & Co-Chief Executive Officer
Director & Executive Officer Citigroup Inc.
(USA) 153 East 53rd Street
New York, New York 10043
Page 13
<PAGE>
Edgar S. Woolard, Jr. Former Chairman & Chief Executive Officer
Director (USA) E.I. du Pont de Nemours & Company
1007 Market Street
Wilmington, Delaware 19898
Arthur Zankel General Partner
Director (USA) First Manhattan Company
437 Madison Avenue
New York, New York 10022
The Honorable Gerald R. Ford Former President of the United States
Honorary Director (USA) Post Office Box 927
Rancho Mirage, California 92270
Michael A. Carpenter Co-Chief Executive Officer
Executive Officer (USA) Global Corporate and Investment Bank of
Citigroup Inc.
388 Greenwich Street
New York, New York 10013
Paul J. Collins Vice Chairman
Executive Officer (USA) Citigroup Inc.
153 East 53rd Street
New York, New York 10043
Edward D. Horowitz e-Citi
Executive Officer (USA) 153 East 53rd Street
New York, New York 10043
Thomas W. Jones Co -Chairman and Chief Executive Officer
Executive Officer (USA) SSB Citi Asset Management Group
388 Greenwich Street
New York, New York 10013
Robert I. Lipp Co-Chief Executive Officer
Executive Officer (USA) of Citigroup's Global Consumer Business
153 East 53rd Street
New York, New York 10043
Deryck C. Maughan Vice Chairman
Executive Officer (Great Citigroup Inc.
Britain) 153 East 53rd Street
New York, New York 10043
Page 14
<PAGE>
Victor J. Menezes Co-Chief Executive Officer,
Executive Officer (India) Global Corporate and Investment Bank of
Citigroup Inc.
153 East 53rd Street
New York, New York 10043
Heidi G. Miller Chief Financial Officer
Executive Officer (USA) Citigroup Inc.
153 East 53rd Street
New York, New York 10043
Charles O. Prince, III Co-General Counsel & Corporate Secretary
Executive Officer (USA) Citigroup Inc.
153 East 53rd Street
New York, New York 10043
Mary Alice Taylor Global Operations and Technology
Executive Officer (USA) Citigroup Inc.
1 Court Square
Long Island City, New York 11120
Todd S. Thomson Strategy & Business Development
Executive Officer (USA) Citigroup Inc.
153 East 53rd Street
New York, New York 10043
Marc P. Weill Citigroup Investments
Executive Officer (USA) 153 East 53rd Street
New York, New York 10043
Page 15
<PAGE>
ANNEX C*
Set forth below are the purchases and sales of Convertible
Securities by subsidiaries of Citigroup from March 7, 1999 through May 17, 1999.
There were no purchases or sales of Common Stock by subsidiaries of Citigroup
during this time period.
Number of
Convertible Number of Price Per
Securities Convertible Convertible
Trade Date Purchased+ Securities Security (in
Sold US$)
-------------------------------------------------------------
5/7/99** 1,000,000 93.50
5/10/99** 2,000,000 93.50
- -----------------------
* Excludes purchases and sales made for third party accounts or mutual
funds.
** Purchases and sales made as part of a convertible arbitrage strategy.
+ Each Convertible Security represents 0.0365764 shares of Common Stock.
Page 16
<PAGE>
EXHIBIT 1
JOINT FILING AGREEMENT
This will confirm the agreement by and among all of the undersigned
that this Schedule 13D filed on or about this date with respect to the
beneficial ownership by the undersigned of Common Stock of Emcor Group, Inc. is
being, and any and all amendments to such Schedule may be, filed on behalf of
each of the undersigned.
Date: May 17, 1999
SALOMON BROTHERS ASSET MANAGEMENT INC
By: /s/ Howard M. Darmstadter
-------------------------
Name: Howard M. Darmstadter
Title: Assistant Secretary
SALOMON BROTHERS HOLDING COMPANY INC
By: /s/ Howard M. Darmstadter
-------------------------
Name: Howard M. Darmstadter
Title: Assistant Secretary
SALOMON SMITH BARNEY HOLDINGS INC.
By: /s/ Howard M. Darmstadter
-------------------------
Name: Howard M. Darmstadter
Title: Assistant Secretary
CITIGROUP INC.
By: /s/ Marla Berman Lewitus
-------------------------
Name: Marla Berman Lewitus
Title: Assistant Secretary
Page 17
