<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20589
AMENDMENT NO. 3
(Final Amendment)
to
SCHEDULE 14D-1
Tender Offer Statement Pursuant to Section 14(d)(1)
of the Securities Exchange Act of 1934
and
AMENDMENT NO. 3
(Final Amendment)
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)
Copies to:
William F. Wynne, Jr., Esq.
White & Case
1155 Avenue of the Americas
New York, New York 10036
(212) 819-8200
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CUSIP No. 18947B103 14D-1 Page 2 of 6 pages
- --------------------------------------------------------------------------------
(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)
NA / /
- --------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- --------------------------------------------------------------------------------
(7) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,492,837
- --------------------------------------------------------------------------------
(8) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES
/ /
- --------------------------------------------------------------------------------
(9) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
99.31%
- --------------------------------------------------------------------------------
(10) TYPE OF REPORTING PERSON
- --------------------------------------------------------------------------------
CO
- --------------------------------------------------------------------------------
Page 2 of 6 pages
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CUSIP No. 18947B103 14D-1 Page 3 of 6 pages
- --------------------------------------------------------------------------------
(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)
NA / /
- --------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
- --------------------------------------------------------------------------------
(7) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,492,837
- --------------------------------------------------------------------------------
(8) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES
/ /
- --------------------------------------------------------------------------------
(9) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
99.31%
- --------------------------------------------------------------------------------
(10) TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
Page 3 of 6 pages
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This Amendment No. 3 (Final Amendment) 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")
and a wholly owned subsidiary of Clark Equipment Company ("Clark"), to purchase
all the outstanding shares of Common Stock (the "Common Stock"), par value $.01
par 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 6. INTEREST IN SECURITIES OF THE SUBJECT COMPANY.
Item 6 is hereby amended and supplemented as follows:
The Offer expired as scheduled at 12:00 midnight, New York City time,
on Monday, March 8, 1995. Based on a preliminary count, 9,492,837 shares were
tendered and accepted for payment, representing approximately 99.31% of the
outstanding Shares, of which 148,700 Shares were tendered pursuant to notices of
guaranteed delivery. Purchaser shall be merged with and into the Company. After
the Merger, Clark will own 100% of the Company. Any shares which were not
tendered into the Offer will be cancelled and converted automatically into the
right to receive $25.00 per Share in cash.
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
Item 11 is hereby amended by adding the following Exhibit:
(a)(9) Press Release issued by Clark on March 9, 1995
Page 4 of 6 pages
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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.
March 10, 1995 CLARK ACQUISITION SUB, INC.
By /s/ Bernard D. Henely
------------------------------------
Name: Bernard D. Henely, Esq.
Title: Vice President and Secretary
CLARK EQUIPMENT COMPANY
By /s/ Bernard D. Henely
------------------------------------
Name: Bernard D. Henely, Esq.
Title: Vice President and General
Counsel
Page 5 of 6 pages
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EXHIBIT INDEX
<TABLE>
<CAPTION>
PAGE IN
SEQUENTIAL
EXHIBIT NUMBERING
NO. SYSTEM
- ------- ----------
<S> <C>
(a)(9) Press Release issued by Clark on March 9, 1995
</TABLE>
Page 6 of 6 pages
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[CLARK EQUIPMENT LETTERHEAD]
NEWS RELEASE
Contact: Release Date:
Joe Fimbianti IMMEDIATE
219/239-0176
CLARK COMPLETES TENDER OFFER FOR CLUB CAR
SOUTH BEND, INDIANA, March 9, 1995 -- Clark Equipment Company (NYSE: CKL)
announced today the completion of its tender offer for Club Car, Inc., (NASDAQ:
CLBC). Ninety-nine percent of the outstanding stock of Club Car, representing
9,492,837 shares, was tendered and accepted for payment. The tender offer
expired at midnight on March 8, 1995. Clark intends to promptly merge its
wholly-owned acquisition subsidiary into Club Car. In such a merger,
shareholders of Club Car who did not tender their shares will be entitled to
receive $25.00 per share, the same consideration paid in the offer.
Club Car, Inc., designs, manufactures and markets electric and gasoline golf
cars for recreational use and similar off-road utility vehicles for golf,
commercial and industrial use.
Clark Equipment Company designs, manufactures and markets compact construction
machinery, asphalt paving equipment, and axles and transmissions for off-highway
equipment.
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