SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-----------------------------
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. __)1/
Whittaker Corporation
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
96680 40 7
- -------------------------------------------------------------------------------
(CUSIP Number)
David S. Richter
Waveland Capital Management, L.P.
333 West Wacker Drive
Chicago, Illinois 60606
(312) 739-2138
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 15, 1998
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this Schedule 13D,
and is filing this schedule because of Rule 13d-1 (b) (3) or (4), check the
following box [ ]
Note. Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits.
See Rule 13d-7(b) for other parties to whom copies are to be sent.
- ------------------------
1/ 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 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>
CUSIP NO.: 96680-40-7 13D
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Waveland Partners, L.P.
- --------------------------------------------------------------------------------
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
Illinois
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
--------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 572,700
BENEFICIALLY -------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH
REPORTING ------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
572,700
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
572,700 Shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (_)
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.05%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
Page 2 of 11 Pages
<PAGE>
CUSIP NO.: 96680-40-7 13D
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Waveland Capital Management, L.P.
- --------------------------------------------------------------------------------
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
Illinois
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 572,700
BENEFICIALLY ------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH
REPORTING ------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
572,700
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
572,700 Shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (_)
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.05%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
Page 3 of 11 Pages
<PAGE>
CUSIP NO.: 96680-40-7 13D
1 NAME OF REPORTING PERSONS
S.S. OR IRS IDENTIFICATION NOS. OF ABOVE PERSONS
Clincher Capital Corporation
- --------------------------------------------------------------------------------
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
Illinois
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
---------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 572,700
BENEFICIALLY --------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH
REPORTING --------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
572,700
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
572,700 Shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (_)
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.05%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
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Page 4 of 11 Pages
<PAGE>
CUSIP NO.: 96680-40-7 13D
1 NAME OF REPORTING PERSONS
S.S. OR IRS IDENTIFICATION NOS. OF ABOVE PERSONS
Waveland Capital Management, LLC
- --------------------------------------------------------------------------------
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
Illinois
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 572,700
BENEFICIALLY -----------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH
REPORTING -----------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
572,700
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
572,700 Shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (_)
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.05%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
Page 5 of 11 Pages
<PAGE>
CUSIP NO.: 96680-40-7 13D
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Waveland Partners, Ltd.
- --------------------------------------------------------------------------------
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
Cayman Islands
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
---------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 572,700
BENEFICIALLY --------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH
REPORTING --------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
572,700
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
572,700 Shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (_)
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.05%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
Page 6 of 11 Pages
<PAGE>
CUSIP NO.: 96680-40-7 13D
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Waveland International, Ltd.
- -------------------------------------------------------------------------------
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
Cayman Islands
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
--------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 572,700
BENEFICIALLY -------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH
REPORTING -------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
572,700
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
572,700 Shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (_)
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.05%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
Page 7 of 11 Pages
<PAGE>
ITEM 1. SECURITY AND ISSUER.
The class of equity securities to which this statement relates is
the common stock, par value $0.01 per share ("Common Stock"), of Whittaker
Corporation, a Delaware corporation (the "Issuer") with its principal
executive office located at 1955 North Surveyor Avenue, Simi Valley,
California 93063.
ITEM 2. IDENTITY AND BACKGROUND.
This statement is being filed by Waveland International, Ltd., a
Cayman Islands exempted company ("Waveland International"), Waveland
Partners L.P., an Illinois limited partnership ("Waveland"), Waveland
Capital Management, L.P., an Illinois limited partnership ("Waveland
Capital"), Clincher Capital Corporation, an Illinois Corporation
("Clincher"), Waveland Capital Management, LLC, an Illinois limited
liability company ("Waveland LLC") and Waveland Partners, Ltd., a Cayman
Islands exempted company ("Partners Ltd." and together with Waveland
International, Waveland, Waveland Capital, Clincher and Waveland LLC, the
"reporting persons").
The reporting persons have their principal offices at 333 West
Wacker Drive, Suite 1600, Chicago, Illinois 60606. Clincher's principal
business is as the general partner of Waveland Capital. Waveland Capital's
principal business is as the general partner of Waveland. Waveland's
principal business is as the majority-owner of Waveland International.
Waveland LLC's principal business is as the investment advisor of Partners
Ltd. Partners Ltd.'s principal business is as the minority-owner of
Waveland International. Waveland International's principal business is
investments in marketable securities.
(a) -- (c) The names, principal occupation or employment and the
name, and, except where such information is provided elsewhere herein, the
principal business and address of any organization in which such employment
is conducted of each officer and director of Clincher is set forth below.
Unless otherwise indicated below, each of the following persons is a United
States citizen and the business address of each of the following persons is
c/o Clincher Capital Corporation, 333 West Wacker Drive, Suite 1600,
Chicago, Illinois 60606.
Name Principal Occupation or Employment
- ---- ----------------------------------
David S. Richter Director, President, Secretary and Treasurer, Clincher
Capital Corporation, the general partner of Waveland
Capital Management, L.P., the general partner of
Waveland Capital Management, LLC; Director and
President, Waveland Partners, Ltd.; Director and
President, Waveland International, Ltd.
Page 8 of 11 Pages
<PAGE>
Stephen J. Malkin Director and Chairman of the Board, Clincher Capital
Corporation, the general partner of Waveland Capital
Management, L.P. the general partner of Waveland
Partners, L.P.; Manager, Waveland Capital
Management, LLC.
Michael J. Sacks Director and Chief Executive Officer, Clincher Capital
Corporation, the general partner of Waveland Capital
Management, L.P. the general partner of Waveland
Partners, L.P.; Manager, Waveland Capital
Management, LLC.
Paul A. Meister Vice President and Assistant Secretary, Clincher Capital
Corporation, the general partner of Waveland Capital
Management, L.P., the general partner of Waveland
Partners, L.P.; Manager, Waveland Capital
Management, LLC; Director and Vice President,
Waveland Partners, Ltd.; Director and Vice President,
Waveland International, Ltd.
Julie Tostevin Director and Secretary, Waveland Partners, Ltd.;
Director and Secretary, Waveland International, Ltd.
(d) During the last five years, none of the persons identified in
this Item 2 has been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) During the last five years, none of the persons identified in
this Item 2 has been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such
proceeding was or is subject to a judgment, decree or final order enjoining
future violations or, or prohibiting or mandating activities subject to
Federal or State securities laws or finding any violation with respect to
such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The working capital of Waveland International is the source of
funds used in making purchases of Common Stock.
ITEM 4. PURPOSE OF TRANSACTION.
The acquisition of Common Stock reported herein is for investment
purposes. The reporting persons routinely monitor the performance of their
investments, including their investment in the Issuer. In this connection,
the reporting persons intend to continuously evaluate the Issuer's
business, financial condition, operating results, capital structure,
Page 9 of 11 Pages
<PAGE>
management, stock market performance, competitive outlook and other
relevant factors. As part of such evaluations, the reporting persons may
seek the views of, hold discussions with and respond to inquiries from
representatives of the Issuer and other persons regarding the Issuer's
affairs. Depending on such evaluations, the reporting persons may, at any
time and from time to time, purchase additional shares of Common Stock or
may dispose of any and all shares of Common Stock held by them. In the
interest of maximizing shareholder value, the reporting persons may from
time to time develop plans respecting, or propose changes in, the
management, policies, operations, capital structure or business of the
Issuer. Such plans or proposals may include or relate to one or more of the
transactions specified in subparagraphs (a) through (j) of Item 4 of
Schedule 13D, including, without limitation, acquisitions or dispositions
of one or more businesses, business combinations involving the Issuer,
changes in the board of directors or management of the Issuer, changes in
the Issuer's capitalization, actions respecting anti-takeover measures, or
changes in the Issuer's compensation or dividend policies. Notwithstanding
the foregoing, the reporting persons have no current plan or proposal which
relates to, or would result in, any of the actions enumerated in
subparagraphs (a) through (j) of Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) Waveland International has acquired 572,700 shares of Common
Stock representing approximately 5.05% of the shares of Common Stock
outstanding as of July 31, 1998 (as reported in the Issuer's Quarterly
Report on Form 10-Q for the quarter ended July 31, 1998).
(b) Each of the reporting persons may be deemed to share
beneficial ownership of the Common Stock acquired by Waveland
International.
(c) In the past 60 days, Waveland effected the following open
market purchases of Units:
Number of
Shares of Average
Common Stock Price
Date Acquired Per Share
- ---- ------------ ---------
12/15/98 445,000 $11.875
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit
Number Description
- ------ ------------
99.1 Joint Filing Agreement
Page 10 of 11 Pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated: December 22, 1998
WAVELAND PARTNERS, L.P.
By: Waveland Capital Management, L.P.
Its: General Partner
By: Clincher Capital Corporation
Its: General Partner
By: /s/ David S. Richter
---------------------------
David S. Richter, President
WAVELAND CAPITAL MANAGEMENT, L.P.
By: Clincher Capital Corporation
Its: General Partner
By: /s/ David S. Richter
---------------------------
David S. Richter, President
CLINCHER CAPITAL CORPORATION
By: /s/ David S. Richter
---------------------------
David S. Richter, President
WAVELAND CAPITAL MANAGEMENT, LLC
By: /s/ David S. Richter
---------------------------
David S. Richter, Manager
WAVELAND PARTNERS, LTD.
By: /s/ David S. Richter
---------------------------
David S. Richter, President
WAVELAND INTERNATIONAL, LTD.
By: /s/ David S. Richter
---------------------------
David S. Richter, President
Page 11 of 11 Pages
Exhibit 99.1
JOINT FILING AGREEMENT
----------------------
In accordance with Rule 13d-1(f) under the Securities
Exchange Act of 1934, as amended, each of the persons named below agrees to
the joint filing of a Statement on Schedule 13D (including amendments
thereto) with respect to the Common Stock, par value $0.01 per share, of
Whittaker Corporation, a Delaware corporation, and further agrees that this
Joint Filing Agreement be included as an exhibit to such filings provided
that, as contemplated by Section 13d-1(f)(l)(ii), no person shall be
responsible for the completeness or accuracy of the information concerning
the other persons making the filing, unless such person knows or has reason
to believe that such information is inaccurate. This Joint Filing may be
executed in any number of counterparts, all of which together shall
constitute one and the same instrument.
Dated: December 22, 1998
WAVELAND PARTNERS, L.P.
By: Waveland Capital Management, L.P.
Its: General Partner
By: Clincher Capital Corporation
Its: General Partner
By: /s/ David S. Richter
---------------------------
David S. Richter, President
WAVELAND CAPITAL MANAGEMENT, L.P.
By: Clincher Capital Corporation
Its: General Partner
By: /s/ David S. Richter
---------------------------
David S. Richter, President
CLINCHER CAPITAL CORPORATION
By: /s/ David S. Richter
---------------------------
David S. Richter, President
<PAGE>
WAVELAND CAPITAL MANAGEMENT, LLC
By: /s/ David S. Richter
---------------------------
David S. Richter, Manager
WAVELAND PARTNERS, LTD.
By: /s/ David S. Richter
---------------------------
David S. Richter, President
WAVELAND INTERNATIONAL, LTD.
By: /s/ David S. Richter
---------------------------
David S. Richter, President
