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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(Amendment No. 1)
Under the Securities Exchange Act of 1934
NEFF CORP.
(Name of Issuer)
CLASS A COMMON STOCK, $.01 PAR VALUE 006400941
(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)
NOT APPLICABLE
(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 that 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 section 240.13d-7(b) for
other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 10 Pages)
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NY2:\913250\04\jk_204!.DOC\47660.1854
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<TABLE>
<CAPTION>
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CUSIP No. 006400941 13D Page 2 of 10
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<S> <C>
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1 NAME OF REPORTING PERSON: GECFS, INC.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: NEVADA
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NUMBER OF 7 SOLE VOTING POWER: 5,100,000 (SEE ITEM 5)
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 5,100,000 (SEE ITEM 5)
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 5,100,000 (SEE ITEM 5)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 24.1%
(SEE ITEM 5)
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14 TYPE OF REPORTING PERSON: CO
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CUSIP No. 006400941 13D Page 3 of 10
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1 NAMES OF REPORTING PERSONS: GENERAL ELECTRIC CAPITAL CORPORATION
I.R.S. IDENTIFICATION NOS. 13-1500700
OF ABOVE PERSONS:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: NEW YORK
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NUMBER OF 7 SOLE VOTING POWER: 5,100,000 (SEE ITEM 5)
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 5,100,000 (SEE ITEM 5)
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 5,100,000 (SEE ITEM 5)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 24.1%
(SEE ITEM 5)
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14 TYPE OF REPORTING PERSON: CO
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CUSIP No. 006400941 13D Page 4 of 10
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1 NAME OF REPORTING PERSON: GENERAL ELECTRIC CAPITAL SERVICES, INC.
S.S. OR I.R.S. IDENTIFICATION NO. 06-1109503
OF ABOVE PERSON:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: NOT APPLICABLE
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: DELAWARE
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NUMBER OF 7 SOLE VOTING POWER: DISCLAIMED (SEE 11 BELOW)
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: DISCLAIMED (SEE 11 BELOW)
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: BENEFICIAL OWNERSHIP OF ALL SHARES
DISCLAIMED BY GENERAL ELECTRIC CAPITAL
SERVICES, INC.
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): NOT APPLICABLE
(SEE 11 ABOVE)
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14 TYPE OF REPORTING PERSON: CO
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<PAGE>
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CUSIP No. 006400941 13D Page 5 of 10
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1 NAME OF REPORTING PERSON: GENERAL ELECTRIC COMPANY
S.S. OR I.R.S. IDENTIFICATION NO. 14-0689340
OF ABOVE PERSON:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: NOT APPLICABLE
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: NEW YORK
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NUMBER OF 7 SOLE VOTING POWER: DISCLAIMED (SEE 11 BELOW)
SHARES
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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
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: BENEFICIAL OWNERSHIP OF ALL
SHARES DISCLAIMED BY GENERAL
ELECTRIC COMPANY
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): NOT APPLICABLE
(SEE 11 ABOVE)
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14 TYPE OF REPORTING PERSON: CO
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</TABLE>
<PAGE>
This Amendment No. 1 (this "Amendment") amends the Schedule
13D filed by General Electric Capital Corporation, a New York corporation ("GE
Capital"), for and on behalf of itself, GECFS, Inc. ("GECFS"), General Electric
Capital Services, Inc. ("GECS") and General Electric Company ("GE") on April 21,
2000 (the "Original Schedule 13D"), relating to the shares of Class A Common
Stock, par value $0.01 per share ("Common Stock"), of Neff Corporation (the
"Company"). Capitalized terms used herein but not defined shall have the
meanings attributed to them in the Original Schedule 13D.
ITEM 4. PURPOSE OF TRANSACTION.
Item 4 (a-j) is hereby amended to add the following:
As described in the Original Schedule 13D, on April 14,
2000 Kevin Fitzgerald and GE Capital, each on behalf of Neff Investors, made a
proposal with respect to a transaction in which Neff Investors would acquire the
Company in a merger. Such proposal expired by its terms on April 19, 2000. On
April 20, 2000, Kevin Fitzgerald and GE Capital notified counsel to the Special
Committee of the Company that despite the expiration of the proposal set forth
in the Proposal Letter, GE Capital and Kevin Fitzgerald were prepared to work
with such Special Committee's legal and financial advisors towards the
completion of a transaction on terms and conditions mutually satisfactory to the
parties.
Since such time, GE Capital and GECFS (i) have continued to
evaluate and pursue their options in connection with a transaction involving an
acquisition of the Common Stock of the Company, (ii) have determined that they
will no longer pursue the joint proposal contained in the April 14, 2000
Proposal Letter, and (iii) have entered into discussions with a third party that
may become a member of a group which may make a proposal to the Company to
purchase the publicly held Common Stock of the Company and provide part of the
necessary financing and/or capital therefor. Although GE Capital and GECFS have
neither agreed with such third party with respect to the making of any such
proposal to the Company, nor made such a proposal to the Company, it is likely
that if such a proposal is made by GE Capital and GECFS (or by GE Capital, GECFS
and such third party), it will be at a price reflective of market conditions as
they exist at that time. Notwithstanding the foregoing, nothing contained herein
should be construed as a commitment by GE Capital, GECFS, GECS or GE, acting
alone or with any other person or entity, to make a proposal to the Company for
the publicly held Common Stock.
Except as set forth herein and in the Original Schedule
13D, none of GE Capital, GECFS, GECS or GE has any plans or proposals which
relate to or would result in the types of transactions set forth in
subparagraphs (a) through (j) of Item 4 of Schedule 13D.
6
<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.
GECFS, INC.
By: /s/ Peter Ringger
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Name: Peter Ringger
Title: Director
Dated: June 2, 2000
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.
GENERAL ELECTRIC CAPITAL CORPORATION
By: /s/ Nancy E. Barton
--------------------------------
Name: Nancy E. Barton
Title: Senior Vice President,
General Counsel
and Secretary
Dated: June 2, 2000
8
<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.
GENERAL ELECTRIC CAPITAL SERVICES, INC.
By: /s/ Nancy E. Barton
---------------------------------------------
Name: Nancy E. Barton
Title: Senior Vice President, General Counsel
and Secretary
Dated: June 2, 2000
9
<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.
GENERAL ELECTRIC COMPANY
By: /s/ Nancy E. Barton
--------------------------------
Name: Nancy E. Barton
Title: Attorney-In-Fact
Dated: June 2, 2000
10
