<PAGE> 1
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
------------------------
AMENDMENT NO. 2
TO
SCHEDULE 14D-1
TENDER OFFER STATEMENT PURSUANT TO
SECTION 14(D)(1) OF THE SECURITIES EXCHANGE ACT OF 1934
AND
AMENDMENT NO.2
TO
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
------------------------
CLUB CAR, INC.
(NAME OF SUBJECT COMPANY)
------------------------
CLARK ACQUISITION SUB, INC.
CLARK EQUIPMENT COMPANY
(BIDDERS)
------------------------
COMMON STOCK, PAR VALUE $.01 PER SHARE
(INCLUDING THE ASSOCIATED PREFERRED STOCK PURCHASE RIGHTS)
(TITLE OF CLASS OF SECURITIES)
------------------------
18947B103
(CUSIP NUMBER OF CLASS OF SECURITIES)
------------------------
BERNARD D. HENELY, ESQ.
GENERAL COUNSEL
CLARK EQUIPMENT COMPANY
100 NORTH MICHIGAN STREET
P.O. BOX 7008
SOUTH BEND, INDIANA 46634
(219) 239-0145
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED
TO RECEIVE NOTICES AND COMMUNICATIONS ON BEHALF OF BIDDERS)
------------------------
COPY TO:
WILLIAM F. WYNNE, JR., ESQ.
WHITE & CASE
1155 AVENUE OF THE AMERICAS
NEW YORK, NEW YORK 10036
(212) 819-8200
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
<PAGE> 2
- ---------------------------------------
CUSIP NO. 18947B103 14D-1
- ---------------------------------------
<TABLE>
<S> <C>
- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Clark Acquisition Sub, Inc.
- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
- ---------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(a) OR 2(b) / /
N/A
- ---------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- ---------------------------------------------------------------------------------------------------------
7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON*
0*
- ---------------------------------------------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES /X/
- ---------------------------------------------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
0%*
- ---------------------------------------------------------------------------------------------------------
10 TYPE OF REPORTING PERSON
CO
- ---------------------------------------------------------------------------------------------------------
</TABLE>
1
<PAGE> 3
- ---------------------------------------
14D-1
CUSIP NO. 18947B103
- ---------------------------------------
<TABLE>
<C> <S>
- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Clark Equipment Company
- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC, BK
- ---------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(a) OR 2(b) / /
N/A
- ---------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- ---------------------------------------------------------------------------------------------------------
7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON*
0*
- ---------------------------------------------------------------------------------------------------------
8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES /X/
- ---------------------------------------------------------------------------------------------------------
9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
0%*
- ---------------------------------------------------------------------------------------------------------
10 TYPE OF REPORTING PERSON
CO
- ---------------------------------------------------------------------------------------------------------
</TABLE>
* On February 3, 1995, Clark Equipment Company, a Delaware corporation
("Clark"), and Clark Acquisition Sub, Inc., a Delaware corporation and a wholly
owned subsidiary of Clark (the "Purchaser"), entered into a Stock Tender
Agreement (the "Stock Tender Agreement") with KIA III-Club Car, L.P., Kelso
Equity Partners II, L.P. and certain other stockholders of Club Car, Inc. (the
"Company") (collectively, the "Stock Tender Parties"). Pursuant to such Stock
Tender Agreement and subject to the terms and conditions contained therein, the
Stock Tender Parties have tendered an aggregate of 3,070,230 shares of common
stock, $.01 par value per share, of the Company (representing approximately
30.1% of the outstanding shares of common stock of the Company, calculated on a
fully diluted basis) owned by them pursuant to and in accordance with the terms
of the Offer (as defined herein). 153,901 of such Shares were obtained by the
Stock Tender Parties through the exercise of stock options. The filing of this
information by Clark and the Purchaser shall not be construed as an admission
that either Clark or the Purchaser, for purposes of Section 13(d) or 13(g) of
the Securities Exchange Act of 1934, as amended, is the beneficial owner of such
shares and such persons expressly disclaim any beneficial ownership. The Stock
Tender Agreement is described more fully in Section 11 of the Offer to Purchase
attached hereto as exhibit (a)(1).
2
<PAGE> 4
This Amendment No. 2 to the Schedule 14D-1 Tender Offer Statement and
Schedule 13D Statement (the "Statement") relates to the offer by Clark
Acquisition Sub, Inc., a Delaware corporation (the "Purchaser"), to purchase all
the outstanding shares of Common Stock (the "Common Stock"), par value $.01 per
share, of Club Car, Inc. (the "Company"), together with the associated Preferred
Stock Purchase Rights (the "Rights") issued pursuant to the Rights Agreement
dated as of September 24, 1993, between the Company and Trust Company Bank, as
Rights Agent (the Common Stock, together with the Rights being herein referred
to as the "Shares"), at a price of $25 per Share, net to the seller in cash (the
"Offer Price"), without interest thereon, upon the terms and subject to the
conditions set forth in the Offer to Purchase dated February 8, 1995 (the "Offer
to Purchase"), and in the related Letter of Transmittal (which, together with
any amendments or supplements thereto, collectively constitute the "Offer") and
is intended to satisfy the reporting requirements of Sections 14(d) and 13(d) of
the Securities and Exchange Act of 1934, as amended.
ITEM 7. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO THE SUBJECT COMPANY'S SECURITIES
Item 7 is hereby amended to add the following language at the end of Item
7:
Subsequent to the commencement of the Offer, certain of the Stock
Tender Parties on March 2, 1995 exercised stock options to purchase an
aggregate of 153,901 Shares. Upon such exercise and pursuant to the Stock
Tender Agreement, the number of Shares tendered by the Stock Tender Parties
increased from an aggregate of 2,916,329 to 3,070,230 (representing
approximately 30.1% of the Shares, calculated on a fully diluted basis).
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
Schedule I to Exhibit (c)(2) is amended as attached hereto:
Exhibit (c)(2) Stock Tender Agreement dated as of February 3, 1995 by and
among certain stockholders, the Purchaser and Clark.
3
<PAGE> 5
SIGNATURE
After due 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.
CLARK ACQUISITION SUB, INC.
By: /s/ Bernard D. Henely
--------------------------
Name: Bernard D. Henely
Title: Vice President and
Secretary
CLARK EQUIPMENT COMPANY
By: /s/ Bernard D. Henely
--------------------------
Name: Bernard D. Henely
Title: Vice President and General
Counsel
Dated: March 3, 1995
4
<PAGE> 6
EXHIBIT INDEX
-------------
Exhibit
No. Description
------- -----------
99(c)(2) Schedule I to Exhibit (c)(2) is Amended as attached
hereto: Stock Tender Agreement dated as of February 3, 1995
by and among certain stockholders, the Purchaser and Clark.
<PAGE> 1
SCHEDULE I to Exhibit (c)(2)
<TABLE>
<CAPTION>
Name and Address of Stockholder Number of Shares Owned
- ------------------------------- ----------------------
<S> <C>
KIA III-Club Car, L.P. 1,797,868
Kelso Equity Partners II L.P. 111,473
George H. Inman 209,336
A. Montague Miller 114,200
Cary H. Rivers 112,485
Michael W. Harris 111,486
Henry T. Sanders 116,486
Merchant Investments, Inc. 342,995
</TABLE>
