================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
MARKETING SERVICES GROUP, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE 570907105
- --------------------------------------------------------------------------------
(Title of class of securities) (CUSIP number)
NANCY E. BARTON, ESQ., GENERAL ELECTRIC CAPITAL CORPORATION,
260 LONG RIDGE ROAD, STAMFORD, CONNECTICUT 06927 (203) 357-4000
- --------------------------------------------------------------------------------
(Name, address and telephone number of person
authorized to receive notices and communications)
APRIL 21, 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), 13d-1(f) or 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 Rule 13d-7(b) for other
parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 17 Pages)
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NY2:\435431\02\9BZB02!.DOC\47660.1420
<PAGE>
<TABLE>
<CAPTION>
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CUSIP No. 570907105 13D Page 2 of 17
- ---------------------------- ---------------------------------------- -------------------------------------------------
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<S> <C>
1 NAMES OF REPORTING PERSONS: GENERAL ELECTRIC CAPITAL CORPORATION
I.R.S. IDENTIFICATION NOS. 13-1500700
OF ABOVE PERSONS:
- ------------------- ----------------------------------------------------------------------------------------- ----------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- ------------------- ----------------------------------------------------------------------------------------------------------------
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): [X]
- ------------------- ------------------------------------------------- --------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: NEW YORK
- ---------------------------- ------- --------------------------------------------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 4,711,220 (SEE ITEM 3)
SHARES
------- --------------------------------------------- -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------- --------------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 4,771,220 (SEE ITEM 3)
REPORTING
------- --------------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ------------------- -------------------------------------------------------------- -------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 4,771,220 (SEE ITEM 3)
- ------------------- ----------------------------------------------------------------------------------------- ----------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [X]
- ------------------- ----------------------------------------------------------------------------------------- ----------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 24.26% (SEE ITEM 3)
- ------------------- ------------------------------------------------- --------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ------------------- ------------------------------------------------- --------------------------------------------------------------
<PAGE>
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CUSIP No. 570907105 13D Page 3 of 17
- ---------------------------- ---------------------------------------- -------------------------------------------------
- ------------------- ------------------------------------------------- --------------------------------------------------------------
1 NAME OF REPORTING PERSON: GENERAL ELECTRIC CAPITAL SERVICES, INC.
S.S. OR I.R.S. IDENTIFICATION NO. 06-1109503
OF ABOVE PERSON:
- ------------------- -------------------------------------------------------------------------------------------- -------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- ------------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------- ------------------------------ ---------------------------------------------------------------------------------
4 SOURCE OF FUNDS: NOT APPLICABLE
- ------------------- -------------------------------------------------------------------------------------------- -------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [X]
- ------------------- ------------------------------------------------- --------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE
- ---------------------------- ------- --------------------------------------------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: DISCLAIMED (SEE 11 BELOW)
SHARES
------- --------------------------------------------- -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------- --------------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: DISCLAIMED (SEE 11 BELOW)
REPORTING
------- --------------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ------------------- -------------------------------------------------------------- -------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: BENEFICIAL OWNERSHIP OF ALL SHARES DISCLAIMED BY
GENERAL ELECTRIC CAPITAL SERVICES, INC.
- ------------------- -------------------------------------------------------------------------------------------- -------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
- ------------------- -------------------------------------------------------------------------------------------- -------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): NOT APPLICABLE
(SEE 11 ABOVE)
- ------------------- ------------------------------------------------- --------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ------------------- ------------------------------------------------- --------------------------------------------------------------
<PAGE>
- ---------------------------- ---------------------------------------- -------------------------------------------------
CUSIP No. 570907105 13D Page 4 of 17
- ---------------------------- ---------------------------------------- -------------------------------------------------
- ------------------- ------------------------------------------------- --------------------------------------------------------------
1 NAME OF REPORTING PERSON: GENERAL ELECTRIC COMPANY
S.S. OR I.R.S. IDENTIFICATION NO. 14-0689340
OF ABOVE PERSON:
- ------------------- -------------------------------------------------------------------------------------------- -------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
- ------------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------- ------------------------------ ---------------------------------------------------------------------------------
4 SOURCE OF FUNDS: NOT APPLICABLE
- ------------------- -------------------------------------------------------------------------------------------- -------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [X]
- ------------------- ------------------------------------------------- --------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: NEW YORK
- ---------------------------- ------- --------------------------------------------- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: DISCLAIMED (SEE 11 BELOW)
SHARES
------- --------------------------------------------- -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
------- --------------------------------------------- -------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: DISCLAIMED (SEE 11 BELOW)
REPORTING
------- --------------------------------------------- -------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ------------------- -------------------------------------------------------------- -------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: BENEFICIAL OWNERSHIP OF ALL SHARES DISCLAIMED BY
GENERAL ELECTRIC COMPANY
- ------------------- -------------------------------------------------------------------------------------------- -------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
- ------------------- -------------------------------------------------------------------------------------------- -------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): NOT APPLICABLE
(SEE 11 ABOVE)
- ------------------- ------------------------------------------------- --------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ------------------- ------------------------------------------------- --------------------------------------------------------------
</TABLE>
<PAGE>
This Amendment No. 2 ("Amendment No. 2") amends the statement
on Schedule 13D, as amended (the "Schedule 13D") filed on January 5, 1998, by
and on behalf of General Electric Capital Corporation ("GE Capital"), General
Electric Capital Services, Inc. ("GECS") and General Electric Company ("GE").
Unless otherwise indicated, capitalized terms used herein and not otherwise
defined herein shall have the meanings ascribed to such terms in the Schedule
13D.
ITEMS 2(A), (B) AND (C).
The name, business address, present principal occupation or
employment, and citizenship of each director and executive officer of GE
Capital, GECS and GE are set forth on Schedules I, II and III attached hereto,
respectively.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Since the filing of Amendment No. 1 to the Schedule 13D, the
Company has exercised its contractual right to convert GE Capital's 50,000
shares of Convertible Preferred Stock into 4,811,320 shares of Common Stock (the
"Conversion").
Since the Conversion, GE Capital has sold an aggregate of
100,000 shares of Common Stock pursuant to Rule 144 under the Securities Act of
1933, as amended.
The foregoing transactions result in the beneficial ownership
by GE Capital of an aggregate of 4,711,220 shares of Common Stock which
represents approximately 24.26% of the issued and outstanding shares of Common
Stock.
ITEM 4. PURPOSE OF TRANSACTION.
As a result of the Conversion, GE Capital has lost all of its
rights as a preferred shareholder, including, without limitation, its rights to
quarterly dividends, to require the Company to comply with certain financial
covenants, to approve certain acquisitions and to elect representatives to the
Company's board of directors. Consequently, all of GE Capital's appointees to
the Company's board of directors have resigned. On March 9, 1999, however, the
Company and GE Capital entered into a letter agreement (the "Letter Agreement")
pursuant to which the Company has agreed to use its best efforts to cause one
5
<PAGE>
person designated by GE Capital to be nominated and elected to the Company's
board of directors so long as GE Capital owns at least 20% of the shares of
Common Stock issued to it as a result of the Conversion. A copy of the Letter
Agreement is attached hereto as Exhibit 7.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) As of the date of this statement, the aggregate number and
percentage of shares of Common Stock beneficially owned by GE Capital are
4,711,220 and approximately 24.26%, respectively.
Except as disclosed in this Item 5(a) and in Item 3 above,
none of GE Capital, GECS, GE, nor, to the best of their knowledge, any of their
executive officers and directors, beneficially owns any securities of the
Company or presently has a right to acquire any securities of the Company.
(b) GE Capital has the sole power to vote or direct the vote
of all 4,711,220 shares of Common Stock that it beneficially owns and the sole
power to dispose or to direct the disposition of such shares.
Except as disclosed in this Item 5(b), none of GECS, GE, nor,
to the best of their knowledge, any of their executive officers or directors
presently has the power to vote or to direct the vote or to dispose of or direct
the disposition of any of the securities which they may be deemed to
beneficially own.
(c) Except as set forth above, neither GE Capital, GECS, GE,
nor, to the best of their knowledge, any of their executive officers or
directors, has effected any transaction in any securities of the Company during
the past 60 days.
(d) No person except for GE Capital is known to have the right
to receive or the power to direct the receipt of dividends from, or the proceeds
from the sale of, securities covered by this statement.
(e) Not applicable.
Neither the filing of this Amendment No. 2 nor anything
contained herein is intended as, or should be construed as, an admission that
6
<PAGE>
GECS or GE is the "beneficial owner" of any shares of Common Stock or Warrants.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
Pursuant to the Letter Agreement, the Company agreed to use
its best efforts to cause one person designated by GE Capital to be nominated
and elected to the Company's board of directors so long as GE Capital owns at
least 20% of the shares of Common Stock issued to it as a result of the
Conversion.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 7. Letter Agreement, dated as of March 9, 1999, by and between
the Company and GE Capital.
7
<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: May 3, 1999
GENERAL ELECTRIC CAPITAL CORPORATION
By: /s/ Michael E. Pralle
--------------------------------------
Name: Michael E. Pralle
Title: Vice President
GENERAL ELECTRIC CAPITAL SERVICES, INC.
By: /s/ Michael E. Pralle
--------------------------------------
Name: Michael E. Pralle
Title: Attorney-in-Fact
GENERAL ELECTRIC COMPANY
By: /s/ Michael E. Pralle
--------------------------------------
Name: Michael E. Pralle
Title: Attorney-in-Fact
8
<PAGE>
SCHEDULE I TO AMENDMENT NO. 2
Filed by General Electric Capital Corporation
GENERAL ELECTRIC CAPITAL CORPORATION
DIRECTORS AND EXECUTIVE OFFICERS
<TABLE>
<CAPTION>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
- ---- ------- ----------
<S> <C> <C>
Directors
Nigel D.T. Andrews General Electric Capital Corporation Executive Vice President, General
260 Long Ridge Road Electric Capital Corporation
Stamford, CT 06927
Nancy E. Barton General Electric Capital Corporation Senior Vice President, General Counsel
260 Long Ridge Road and Secretary, General Electric Capital
Stamford, CT 06927 Corporation
James R. Bunt General Electric Company Vice President and Treasurer, General
3135 Easton Turnpike Electric Company
Fairfield, CT 06431
David M. Cote General Electric Appliances President and Chief Executive Officer,
Appliance Park General Electric Appliances
Louisville, KY 40225
Dennis D. Dammerman General Electric Company Vice Chairman and Executive Officer,
3135 Easton Turnpike General Electric Company; Chairman and
Fairfield, CT 06431 Chief Executive Officer, General
Electric Capital Services, Inc.
Benjamin W. Heineman, Jr. General Electric Company Senior Vice President, General Counsel
3135 Easton Turnpike and Secretary, General Electric Company
Fairfield, CT 06431
Jeffrey R. Immelt General Electric Medical Systems President and Chief Executive Officer,
3000 N. Grandview Boulevard General Electric Medical Systems
Waukesha, WI 53188
W. James McNerney, Jr. GE Aircraft Engines President and Chief Executive Officer,
One Neumann Way GE Aircraft Engines
Cincinnati, OH 45215-6301
John H. Myers GE Investment Corporation Chairman and President, GE Investment
3003 Summer Street Corporation
Stamford, CT 06905
Robert L. Nardelli General Electric Company President and Chief Executive Officer,
One River Road GE Power Systems
Schenectady, NY 12345
9
<PAGE>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
- ---- ------- ----------
Denis J. Nayden General Electric Capital Corporation President and Chief Executive Officer,
260 Long Ridge Road General Electric Capital Corporation
Stamford, CT 06927
Michael A. Neal General Electric Capital Corporation Executive Vice President, General
260 Long Ridge Road Electric Capital Corporation
Stamford, CT 06927
James A. Parke General Electric Capital Corporation Executive Vice President and Chief
260 Long Ridge Road Financial Officer, General Electric
Stamford, CT 06927 Capital Corporation
John M. Samuels General Electric Company Vice President and Senior Counsel,
3135 Easton Turnpike Corporate Taxes, General Electric
Fairfield, CT 06431 Company
Keith S. Sherin General Electric Company Senior Vice President -
3135 Easton Turnpike Finance and Chief Financial Officer,
Fairfield, CT 06431 General Electric Company
Edward D. Stewart General Electric Capital Corporation Executive Vice President, General
1600 Summer Street Electric Capital Corporation
Stamford, CT 06905
John F. Welch, Jr. General Electric Company Chairman and Chief Executive Officer,
3135 Easton Turnpike General Electric Company
Fairfield, CT 06431
Executive Officers
Denis J. Nayden General Electric Capital Corporation President and Chief Executive Officer
260 Long Ridge Road
Stamford, CT 06927
Nigel D.T. Andrews General Electric Capital Corporation Executive Vice President
260 Long Ridge Road
Stamford, CT 06927
Michael A. Neal General Electric Capital Corporation Executive Vice President
260 Long Ridge Road
Stamford, CT 06927
Edward D. Stewart General Electric Capital Corporation Executive Vice President
1600 Summer Street
Stamford, CT 06905
10
<PAGE>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
- ---- ------- ----------
James A. Parke General Electric Capital Corporation Executive Vice President and Chief
260 Long Ridge Road Financial Officer
Stamford, CT 06927
Nancy E. Barton General Electric Capital Corporation Senior Vice President, General Counsel
260 Long Ridge Road and Secretary
Stamford, CT 06927
James A. Colica General Electric Capital Corporation Senior Vice President, Global Risk
260 Long Ridge Road Management
Stamford, CT 06927
Richard D'Avino General Electric Capital Corporation Senior Vice President, Taxes
777 Long Ridge Road
Stamford, CT 06927
Michael D. Fraizer General Electric Capital Corporation Senior Vice President,
6604 West Broad Street Insurance/Investment Products
Taylor Building
Richmond, VA 23230
Robert L. Lewis General Electric Capital Corporation Senior Vice President, Structured
120 Long Ridge Road Finance Group
Stamford, CT 06927
Lawrence J. Toole General Electric Capital Corporation Senior Vice President, Human Resources
260 Long Ridge Road
Stamford, CT 06927
Jeffrey S. Werner General Electric Capital Corporation Senior Vice President, Corporate
201 High Ridge Road Treasury and Global Funding Operation
Stamford, CT 06927
</TABLE>
Each person listed above is a citizen of the United States of America except
Nigel D.T. Andrews, who is a citizen of the United Kingdom.
11
<PAGE>
SCHEDULE II TO AMENDMENT NO. 2
Filed by General Electric Capital Services, Inc.
GENERAL ELECTRIC CAPITAL SERVICES, INC.
DIRECTORS AND EXECUTIVE OFFICERS
<TABLE>
<CAPTION>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
- ---- ------- ----------
<S> <C> <C>
Directors
Kaj Ahlmann Employers Reinsurance Corp. Executive Vice President, General
5200 Metcalf Electric Capital Services, Inc.,
Overland Park, KS 66201 President and Chief Operating Officer,
Employers Reinsurance Corp.
Nigel D.T. Andrews General Electric Capital Corporation Executive Vice President, General
260 Long Ridge Road Electric Capital Corporation
Stamford, CT 06927
Nancy E. Barton General Electric Capital Corporation Senior Vice President, General Counsel
260 Long Ridge Road and Secretary
Stamford, CT 06927
James R. Bunt General Electric Company Vice President and Treasurer, General
3135 Easton Turnpike Electric Company
Fairfield, CT 06431
David M. Cote GE Appliances President and Chief Executive Officer,
Appliance Park GE Appliances
Louisville, KY 40225
Dennis D. Dammerman General Electric Company Vice Chairman and Executive Officer,
3135 Easton Turnpike General Electric Company; Chairman and
Fairfield, CT 06431 Chief Executive Officer, General
Electric Capital Services, Inc.
Benjamin W. Heineman, Jr. General Electric Company Senior Vice President, General Counsel
3135 Easton Turnpike and Secretary, General Electric Company
Fairfield, CT 06431
Jeffrey R. Immelt GE Medical Systems President and Chief Executive Officer,
3000 N. Grandview Blvd. GE Medical Systems
Waukesha, WI 53188
W. James McNerney, Jr. GE Aircraft Engines President and Chief Executive Officer,
One Neumann Way GE Aircraft Engines
Cincinnati, OH 45215-6301
John H. Myers GE Investment Corporation Chairman and President, GE Investment
3003 Summer Street Corporation
Stamford, CT 06905
12
<PAGE>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
- ---- ------- ----------
Robert L. Nardelli General Electric Company President and Chief Executive Officer,
One River Road GE Power Systems
Schenectady, NY 12345
Denis J. Nayden General Electric Capital Corporation President and Chief Executive Officer,
260 Long Ridge Road General Electric Capital Corporation
Stamford, CT 06927
Michael A. Neal General Electric Capital Corporation Executive Vice President, General
260 Long Ridge Road Electric Capital Corporation
Stamford, CT 06927
James A. Parke General Electric Capital Corporation Executive Vice President and Chief
260 Long Ridge Road Financial Officer, General Electric
Stamford, CT 06927 Capital Corporation
John M. Samuels General Electric Company Vice President and Senior Counsel,
3135 Easton Turnpike Corporate Taxes, General Electric
Fairfield, CT 06431 Company
Keith S. Sherin General Electric Company Senior Vice President -
3135 Easton Turnpike Finance and Chief Financial Officer,
Fairfield, CT 06431 General Electric Company
Edward D. Stewart General Electric Capital Corporation Executive Vice President, General
1600 Summer Street Electric Capital Corporation
Stamford, CT 06905
John F. Welch, Jr. General Electric Company Chairman and Chief Executive Officer,
3135 Easton Turnpike General Electric Company
Fairfield, CT 06431
Executive Officers
Dennis D. Dammerman General Electric Capital Services, Inc. Vice Chairman and Executive Officer,
3135 Easton Turnpike General Electric Company; Chairman and
Fairfield, CT 06431 Chief Executive Officer, General
Electric Capital Services, Inc.
Kaj Ahlmann Employers Executive Vice President, General
Reinsurance Corp. Electric Capital Services, Inc.,
5200 Metcalf President and Chief Operating Officer,
Overland Park, KS 66201 Employers Reinsurance Corp.
Nigel D.T. Andrews General Electric Capital Corporation Executive Vice President
260 Long Ridge Road See Schedule I.
Stamford, CT 06927
13
<PAGE>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
- ---- ------- ----------
Denis J. Nayden General Electric Capital Corporation President and Chief Executive Officer
260 Long Ridge Road See Schedule I.
Stamford, CT 06927
Michael A. Neal General Electric Capital Corporation Executive Vice President
260 Long Ridge Road See Schedule I.
Stamford, CT 06927
Edward D. Stewart General Electric Capital Corporation Executive Vice President
1600 Summer Street See Schedule I.
Stamford, CT 06905
James A. Parke General Electric Capital Corporation Executive Vice President and Chief
260 Long Ridge Road Financial Officer
Stamford, CT 06927 See Schedule I.
Nancy E. Barton General Electric Capital Corporation Senior Vice President, General Counsel
260 Long Ridge Road and Secretary
Stamford, CT 06927 See Schedule I.
James A. Colica General Electric Capital Corporation Senior Vice President, Global Risk
260 Long Ridge Road Management
Stamford, CT 06927 See Schedule I.
Richard D'Avino General Electric Capital Corporation Senior Vice President, Taxes
777 Long Ridge Road See Schedule I.
Stamford, CT 06927
Lawrence J. Toole General Electric Capital Corporation Senior Vice President, Human Resources
260 Long Ridge Road See Schedule I.
Stamford, CT 06927
Jeffrey S. Werner General Electric Capital Corporation Senior Vice President, Corporate
201 High Ridge Road Treasury and Global Funding Operation
Stamford, CT 06927 See Schedule I.
</TABLE>
Each person listed above is a citizen of the United States of America except:
Kaj Ahlmann, who is a citizen of Denmark; and Nigel D.T. Andrews, who is a
citizen of the United Kingdom.
14
<PAGE>
SCHEDULE III TO AMENDMENT NO. 2
Filed by General Electric Company
GENERAL ELECTRIC COMPANY
DIRECTORS AND EXECUTIVE OFFICERS
<TABLE>
<CAPTION>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
- ---- ------- ----------
<S> <C> <C>
Directors
J.I. Cash, Jr. Harvard Business School Professor of Business
Baker Library 187 Administration-Graduate School of
Soldiers Field Business Administration, Harvard
Boston, MA 02163 University
S.S. Cathcart 222 Wisconsin Avenue Retired Chairman, Illinois
Suite 103 Tool Works
Lake Forest, IL 60045
D.D. Dammerman General Electric Company Vice Chairman of the Board and
3135 Easton Turnpike Executive Officer, General Electric
Fairfield, CT 06431 Company; Chairman and Chief Executive
Officer, General Electric Capital
Services, Inc.
P. Fresco Fiat SpA Chairman of the Board, Fiat SpA
via Nizza 250
10126 Torino, Italy
C.X. Gonzalez Kimberly-Clark de Mexico, Chairman of the Board and Chief
S.A. de C.V. Executive Officer, Kimberly-Clark de
Jose Luis Lagrange 103, Tercero Piso Mexico, S.A. de C.V.
Colonia Los Morales
Mexico, D.F. 11510, Mexico
Andrea Jung Avon Products, Inc. President and Chief Operating Officer,
1345 Avenue of the Americas Avon Products, Inc.
New York, NY 10105
K.G. Langone Invemed Associates, Inc. Chairman, President and Chief Executive
375 Park Avenue Officer, Invemed Associates, Inc.
New York, NY 10152
G.G. Michelson Federated Department Stores Former Member of the Board of
151 West 34th Street Directors, Federated Department Stores
New York, NY 10001
E.F. Murphy General Electric Company Vice Chairman of the Board and
3135 Easton Turnpike Executive Officer, General Electric
Fairfield, CT 06431 Company
S. Nunn King & Spalding Partner, King & Spalding
191 Peachtree Street, N.E.
Atlanta, GA 30303
J.D. Opie General Electric Company Vice Chairman of the Board and
3135 Easton Turnpike Executive Officer, General Electric
Fairfield, CT 06431 Company
15
<PAGE>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
- ---- ------- ----------
R.S. Penske Penske Corporation Chairman of the Board and President,
13400 Outer Drive, West Penske Corporation
Detroit, MI 48239-4001
F.H.T. Rhodes Cornell University President Emeritus, Cornell University
3104 Snee Building
Ithaca, NY 14853
A.C. Sigler Champion International Corporation Retired Chairman of the Board and CEO
1 Champion Plaza and former Director, Champion
Stamford, CT 06921 International Corporation
D.A. Warner III J.P. Morgan & Co., Inc. and Morgan Chairman of the Board, President, and
Guaranty Trust Co. Chief Executive Officer, J.P. Morgan &
60 Wall Street Co. Incorporated and Morgan Guaranty
New York, NY 10260 Trust Company
J.F. Welch, Jr. General Electric Company Chairman of the Board and Chief
3135 Easton Turnpike Executive Officer, General Electric
Fairfield, CT 06431 Company
Executive Officers
J.F. Welch, Jr. General Electric Company Chairman of the Board and Chief
3135 Easton Turnpike Executive Officer
Fairfield, CT 06431
P.D. Ameen General Electric Company Vice President and Comptroller
3135 Easton Turnpike
Fairfield, CT 06431
J.R. Bunt General Electric Company Vice President and Treasurer
3135 Easton Turnpike
Fairfield, CT 06431
D.L. Calhoun General Electric Company Senior Vice President -
Nela Park GE Lighting
Cleveland, OH 44122
W.J. Conaty General Electric Company Senior Vice President - Human Resources
3135 Easton Turnpike
Fairfield, CT 06431
D.M. Cote General Electric Company Senior Vice President -
3135 Easton Turnpike GE Appliances
Fairfield, CT 06431
D.D. Dammerman General Electric Company Vice Chairman of the Board and
3135 Easton Turnpike Executive Officer, General Electric
Fairfield, CT 06431 Company; Chairman and Chief Executive
Officer, General Electric Capital
Services, Inc.
16
<PAGE>
PRESENT PRESENT
BUSINESS PRINCIPAL
NAME ADDRESS OCCUPATION
- ---- ------- ----------
L.S. Edelheit General Electric Company Senior Vice President - Corporate
P.O. Box 8 Research and Development
Schenectady, NY 12301
B.W. Heineman, Jr. General Electric Company Senior Vice President - General Counsel
3135 Easton Turnpike and Secretary
Fairfield, CT 06431
J.R. Immelt General Electric Company Senior Vice President -
P.O. Box 414 GE Medical Systems
Milwaukee, WI 53201
G.S. Malm General Electric Company Senior Vice President -
3135 Easton Turnpike Asia
Fairfield, CT 06431
W.J. McNerney, Jr. General Electric Company Senior Vice President -
1 Neumann Way GE Aircraft Engines
Cincinnati, OH 05215
E.F. Murphy General Electric Company Vice Chairman of the Board and
3135 Easton Turnpike Executive Officer
Fairfield, CT 06431
R.L. Nardelli General Electric Company Senior Vice President -
1 River Road GE Power Systems
Schenectady, NY 12345
R.W. Nelson General Electric Company Vice President - Corporate Financial
3135 Easton Turnpike Planning and Analysis
Fairfield, CT 06431
J.D. Opie General Electric Company Vice Chairman of the Board and
3135 Easton Turnpike Executive Officer
Fairfield, CT 06431
G.M. Reiner General Electric Company Senior Vice President - Chief
3135 Easton Turnpike Information Officer
Fairfield, CT 06431
J.G. Rice General Electric Company Vice President -
2901 East Lake Road GE Transportation Systems
Erie, PA 16531
G.L. Rogers General Electric Company Senior Vice President -
1 Plastics Avenue GE Plastics
Pittsfield, MA 01201
K.S. Sherin General Electric Company Senior Vice President -
3135 Easton Turnpike Finance and Chief Financial Officer
Fairfield, CT 06431
L.G. Trotter General Electric Company Senior Vice President -
41 Woodward Avenue GE Industrial Systems
Plainville, CT 06062
</TABLE>
Each person listed above is a citizen of the United States of America except:
C.X. Gonzalez, who is a citizen of Mexico; P. Fresco, who is a citizen of Italy;
Andrea Jung, who is a citizen of Canada; and G.S. Malm, who is a citizen of
Sweden.
17
