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)
HI-RISE RECYCLING SYSTEMS, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
(Title of Class of Securities)
428396 10 5
(CUSIP Number)
General Electric Capital Corporation
--------------------------------------------------------------------------------
260 Long Ridge Road
Stamford, Connecticut 06927
Nancy E. Barton, Esq.
--------------------------------------------------------------------------------
(203) 357-4000
(Name, address and telephone number of person
authorized to receive notices and communications)
December 6, 2000
--------------------------------------------------------------------------------
(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 Rule 13d-7 for other parties
to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 9 Pages)
47660.1930
<PAGE>
<TABLE>
<CAPTION>
--------------------------------------------------------- ----------------------------------------------
CUSIP No. 122574 10 6 13D/A Page 2 of 9 Pages
--------------------------------------------------------- ----------------------------------------------
<S> <C>
---------- --------------------------------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
GENERAL ELECTRIC CAPITAL CORPORATION 13-1500700
---------- --------------------------------------------------------------------------------------------------------------------
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
NEW YORK, USA
--------------------------------------------------- --------- -----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 17,745,689
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
--------------------------------------------------- --------- -----------------------------------------------------------------
8 SHARED VOTING POWER
-0-
--------------------------------------------------- --------- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
17,745,689
--------------------------------------------------- --------- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
---------- --------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
17,745,689
---------- --------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES [ ]
---------- --------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
52.7% (SEE ITEM 5)
---------- --------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
---------- --------------------------------------------------------------------------------------------------------------------
<PAGE>
--------------------------------------------------------- ----------------------------------------------
CUSIP No. 122574 10 6 13D/A Page 3 of 9 Pages
--------------------------------------------------------- ----------------------------------------------
---------- --------------------------------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
GENERAL ELECTRIC CAPITAL SERVICES, INC. 06-11095031
---------- --------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- --------------------------------------------------------------------------------------------------------------------
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) [ ]
---------- --------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE, USA
--------------------------------------------------- --------- -----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES DISCLAIMED. SEE 11 BELOW
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
--------------------------------------------------- --------- -----------------------------------------------------------------
8 SHARED VOTING POWER
-0-
--------------------------------------------------- --------- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
DISCLAIMED. SEE 11 BELOW
--------------------------------------------------- --------- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
---------- --------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
BENEFICIAL OWNERSHIP OF ALL SHARES OF COMMON STOCK IS DISCLAIMED BY
GENERAL ELECTRIC CAPITAL SERVICES, INC.
---------- --------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES
NOT APPLICABLE
---------- --------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
DISCLAIMED. SEE 11 ABOVE
---------- --------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
---------- --------------------------------------------------------------------------------------------------------------------
<PAGE>
--------------------------------------------------------- ----------------------------------------------
CUSIP No. 122574 10 6 13D/A Page 4 of 9 Pages
--------------------------------------------------------- ----------------------------------------------
---------- --------------------------------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
GENERAL ELECTRIC COMPANY 14-0089340
---------- --------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- --------------------------------------------------------------------------------------------------------------------
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) [ ]
---------- --------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK, USA
--------------------------------------------------- --------- -----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES DISCLAIMED. SEE 11 BELOW
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
--------------------------------------------------- --------- -----------------------------------------------------------------
8 SHARED VOTING POWER
-0-
--------------------------------------------------- --------- -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
DISCLAIMED. SEE 11 BELOW
--------------------------------------------------- --------- -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
---------- --------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
BENEFICIAL OWNERSHIP OF ALL SHARES OF COMMON STOCK IS DISCLAIMED BY
GENERAL ELECTRIC COMPANY.
---------- --------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES
NOT APPLICABLE
---------- --------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
DISCLAIMED. SEE 11 ABOVE
---------- --------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
---------- --------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
-------------------------- ------------------------------
CUSIP No. 122574 10 6 13D/A Page 5 of 9 Pages
-------------------------- ------------------------------
Neither the filing of this Schedule 13D nor any of its contents shall
be deemed to constitute an admission by either General Electric Capital
Services, Inc. or General Electric Company that it is the beneficial owner of
any of the Common Stock of Hi-Rise Recycling Systems, Inc. referred to herein
for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended
(the "Act"), or for any other purpose, and such beneficial ownership is
expressly disclaimed.
This amendment (this "Amendment") amends and supplements a statement
on Schedule 13D relating to the common stock, $0.01 par value per share (the
"Common Stock"), of Hi-Rise Recycling Systems, Inc., a Florida corporation (the
"Company"), filed with the Securities and Exchange Commission on December 24,
1998 (the "Initial Schedule 13D").
Certain capitalized terms used in this statement but not otherwise
defined herein have the meanings given to them in the Initial Schedule 13D.
ITEM 1. SECURITY AND ISSUER.
The second sentence of Item 1 of the Initial Schedule 13D is hereby
amended and restated as follows:
The address of principal executive offices of the Issuer are located
at 8505 N.W. 54th Street, Miami, Florida 33166.
ITEM 2. IDENTITY AND BACKGROUND.
Schedules I, II and III of the initial Schedule 13D are amended and
restated by Schedules I, II and III attached hereto, respectively. The
citizenship of the executive officers and directors of each of GECC, 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.
Item 3 of the Initial Schedule 13D is hereby amended and restated in
its entirety to read as follows:
The Common Stock reported herein is beneficially owned by GECC
through warrants which were acquired by GECC pursuant to a loan transaction
between GECC, as Lender, and the Issuer, as Borrower. On October 28, 1998, GECC
and certain other Lenders named therein (collectively, the "Lenders") entered
into a certain Credit Agreement with the Issuer and certain other Borrowers
(collectively, the "Borrowers") named therein (as amended from time to time, the
"Credit Agreement"). On December 6, 2000, GECC, the Lenders and the Borrowers
consummated the transactions contemplated by that certain Fourth Amendment to
the Credit Agreement, pursuant to which, among other things, GECC will make an
additional $5,500,000 loan to the Borrowers (the "Additional Term Loan").
<PAGE>
-------------------------- ------------------------------
CUSIP No. 122574 10 6 13D/A Page 6 of 9 Pages
-------------------------- ------------------------------
As consideration for GECC making the Additional Term Loan under the
Credit Agreement, the Issuer and GECC consummated the transactions contemplated
by that certain Securities Purchase Agreement (GECC) dated as of December 4,
2000, which, among other things, provided for the acquisition (which occured on
December 6, 2000) by GECC of a Warrant (the "Warrant"), exercisable at any time
or from time to time to and including December 4, 2010, to purchase 17,745,689
shares of the Common Stock of the Issuer at an exercise price of $.01 per share.
As additional consideration for the Warrant, GECC will surrender to the Issuer
for cancellation the warrant dated as of October 28, 1998.
GECC also entered into a Registration Rights Agreement with the
Issuer, dated December 4, 2000 (the "Registration Rights Agreement"), providing
GECC with certain registration rights with respect to the shares of Common Stock
purchasable upon exercise of the Warrant.
Note that although the Warrant, the Securities Purchase Agreement and
the Fourth Amendment are dated as of December 4, 2000, such documents were not
actually delivered, and the transactions contemplated thereby were not
consummated, until December 6, 2000. Although the Warrant is immediately
exercisable, as of December 6, 2000, the Warrant has not been exercised by GECC.
Upon any such event, GECC anticipates funding the exercise price of the Common
Stock either through (i) working capital or (ii) using a portion of the Common
Stock receivable upon conversion of the Warrant to pay the exercise price of the
Warrant.
ITEM 4. PURPOSE OF TRANSACTION.
The first two sentences of Item 4 of the Initial Schedule 13D are
hereby amended and restated in their entirety to read as follows:
The purpose of the Issuer conveying the Warrant to GECC was to
provide additional consideration to GECC for its making of the Additional Term
Loan. GECC intends to hold the Warrant as an investment in the ordinary course
of business. Note that although GECC does not presently intend to exercise the
Warrant (and thus effect a change in control of the Issuer), GECC reserves the
right to so exercise its Warrant (and thus effect a change in control of the
Issuer) at any time.
ITEM 5. INTEREST IN SECURITIES OF ISSUER.
Paragraph (a) of the Initial Schedule 13D is hereby amended and
restated in its entirety as follows:
(a) The aggregate number and percentage of Common Stock beneficially
owned by the Filing Persons are 17,745,689 and 52.7%, respectively, on December
6, 2000.(1) GECS and GE disclaim any beneficial ownership in any shares of the
Common Stock and the Warrant.
-----------------------
(1) Based on the information included in the Issuer's Form 10-Q dated November
20, 2000, the Issuer had outstanding 15,940,901 shares of Common Stock as of
...(continued)
<PAGE>
-------------------------- ------------------------------
CUSIP No. 122574 10 6 13D/A Page 7 of 9 Pages
-------------------------- ------------------------------
Except as described in (a) above, none of the Filing Persons, nor to
the best of their knowledge, any of their executive officers and directors,
beneficially own any securities of the Issuer or has a right to acquire any
securities of the Issuer.
The parenthetical in Paragraph (b) of the Initial Schedule 13D is
hereby deleted and "(up to 17,745,689 shares)" substituted therefor.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Section 6 of the Initial Schedule 13D is hereby amended and restated
in its entirety as follows:
The Warrant is exercisable at any time or from time to time to and
including December 4, 2010, to purchase 17,745,689 shares of the Common Stock of
the Issuer at an exercise price of $0.01 per share. Under the Warrant, GECC has
the right, during the period through and including December 4, 2010, to sell its
Warrant or the underlying Common Stock back to the Issuer at any time after (i)
the termination by the Borrowers of any of the loans made by the Lenders under
the Credit Agreement, (ii) the aggregate amount of permanent reductions in the
outstanding principal balance of the loans made pursuant to the Credit Agreement
equals or exceeds $10,000,000, (iii) a secondary public offering, (iv) an event
of default by the Issuer under the Credit Agreement, or (v) the adoption by the
Issuer of an employee stock ownership plan. The Warrant also contains customary
anti-dilution protections as well as anti-dilution protection for certain
acquisitions by the Issuer.
Under the Securities Purchase Agreement, in the event the Issuer
engages in any business combination, whether by way of merger, asset purchase or
otherwise, the Issuer has agreed to sell to GECC a warrant to purchase a number
of shares of Common Stock of the Issuer equal to 45% on a fully-diluted basis of
any Common Stock issued or issuable pursuant to any rights, warrants or options
to purchase Common Stock or convertible securities pursuant to such business
combination at an exercise price per share equal to the effective per share
value of the Common Stock so issued or issuable pursuant to such business
combination.
Under the Registration Rights Agreement, GECC is entitled to request
from the Issuer the registration under the Securities Act of 1933, as amended
(the "Securities Act"), of the Common Stock acquired by GECC upon exercise of
the Warrant, at any time after the effective date of the Warrant through and
---------------------------
...(continued)
November 7, 2000. All percentages in this Amendment have been determined based
on this number of outstanding shares of Common Stock.
<PAGE>
-------------------------- ------------------------------
CUSIP No. 122574 10 6 13D/A Page 8 of 9 Pages
-------------------------- ------------------------------
including the second anniversary of the expiration date of the Warrant, up to a
maximum of two such registrations, provided that the second request for
registration cannot be within two years of the first request. GECC is also
entitled to include the Common Stock acquired by it upon exercise of the Warrant
in a registration under the Securities Act being filed by the Issuer.
The foregoing descriptions of the Warrant, the Securities Purchase
Agreement and the Registration Rights Agreement contained in this Schedule 13D
are summaries and are qualified in their entirety by reference to the text of
such agreements, copies of which are attached hereto as Exhibits B through D
respectively, and are incorporated herein by reference.
Otherwise, none of the Filing Persons, nor, to the best of their
knowledge, any of their respective officers or directors, has any contracts,
arrangements, understanding, or relationships (legal or otherwise) with any
person with respect to any securities of the Issuer.
ITEM 7. MATERIAL TO BE FILED AS SCHEDULES AND EXHIBITS.
The following documents are filed as schedules:
I. Directors and Officers of GECC
II. Directors and Officers of GECS
III. Directors and Officers of GE
The following documents are filed as exhibits:
A. Joint Filing Agreement dated as of December 18, 2000 by and among GECC,
GECS and GE.
B. Securities Purchase Agreement (GECC) dated as of December 4, 2000,
between GECC and the Issuer.
C. Registration Rights Agreement dated as of December 4, 2000, between
GECC and the Issuer.
D. Stock Purchase Warrant, dated December 4, 2000.
<PAGE>
-------------------------- ------------------------------
CUSIP No. 122574 10 6 13D/A Page 9 of 9 Pages
-------------------------- ------------------------------
SIGNATURES
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 18, 2000.
GENERAL ELECTRIC CAPITAL CORPORATION
By: /s/ Nancy E. Barton
------------------------------------------
Name: Nancy E. Barton
Title: Senior Vice President
GENERAL ELECTRIC CAPITAL SERVICES, INC.
By: /s/ Nancy E. Barton
-----------------------------------------
Name: Nancy E. Barton
Title: Senior Vice President
GENERAL ELECTRIC COMPANY
By: /s/ Nancy E. Barton
-----------------------------------------
Name: Nancy E. Barton
Title: Attorney-In-Fact
<PAGE>
SCHEDULE I
DIRECTORS AND OFFICERS OF GENERAL ELECTRIC CAPITAL CORPORATION
Directors of General Electric Capital Corporation
<TABLE>
<CAPTION>
NAME
PRESENT PRINCIPAL OCCUPATION PRESENT BUSINESS ADDRESS
---------------------------- ------------------------
<S> <C>
Nancy E. Barton,
Senior Vice President, General Counsel and Secretary GE Capital Corp
260 Long Ridge Road
Stamford, CT 06927
Francis S. Blake,
Senior Vice President, Corporate Business Development General Electric Company
3135 Easton Turnpike
Fairfield, CT 06431
James R. Bunt,
Vice President and Treasurer GE Company
3135 Easton Turnpike
Fairfield, CT 06431
David L. Calhoun,
Chief Executive Officer GE Aircraft Engines
1 Neumann Way
Cincinnati, OH 45215
Dennis D. Dammerman,
Vice Chairman and Executive Officer GE Company
3135 Easton Turnpike
Fairfield, CT 06431
Michael D. Fraizer,
President & CEO GE Financial Assurance
6604 W. Broad Street
Richmond, VA 23230
Benjamin W. Heineman, Jr.,
Senior Vice President, General Counsel and Secretary GE Company
3135 Easton Turnpike
Fairfield, CT 06431
Jeffrey R. Immelt,
President and Chairman-Elect GE Company
3135 Easton Turnpike
Fairfield, CT 06431
W. James McNerney, Jr. 8765 Old Indian Hill Road
Business position not available Indian Hill, OH 45243 (Residence)
John H. Myers,
Chairman and President GE Investment Corporation
3003 Summer Street, 7th Fl.
Stamford, CT 06905
Robert L. Nardelli
Business position not available 1 Cobble Court
Loudonville, NY 12211 (Residence)
<PAGE>
NAME
PRESENT PRINCIPAL OCCUPATION PRESENT BUSINESS ADDRESS
---------------------------- ------------------------
Denis J. Nayden,
Chairman and CEO GE Capital Corporation
260 Long Ridge Road
Stamford, CT 06927
Michael A. Neal,
President and COO GE Capital Corporation
260 Long Ridge Road
Stamford, CT 06927
James A. Parke,
Vice Chairman & Chief Financial Officer GE Capital Corporation
260 Long Ridge Road
Stamford, CT 06927
Ronald R. Pressman,
Chairman, President & CEO Employers Reinsurance Corporation
5200 Metcalf
Overland Park, KS 66204
Gary M. Reiner,
Sr. Vice President & Chief Information Officer General Electric Company
3135 Easton Turnpike
Fairfield, CT 06431
John M. Samuels,
Vice President and Senior Counsel, Corporate Taxes General Electric Company
3135 Easton Turnpike
Fairfield, CT 06431
Keith S. Sherin,
Senior Vice President, Finance, and Chief
Financial Officer General Electric Company
3135 Easton Turnpike
Fairfield, CT 06431
Edward D. Stewart,
Executive Vice President General Electric Capital Corporation
260 Long Ridge Road
Stamford, CT 06927
John F. Welch, Jr.,
Chairman and Chief Executive Officer General Electric Company
3135 Easton Turnpike
Fairfield, CT 06431
William A. Woodburn,
Executive Vice President General Electric Capital Corporation
260 Long Ridge Road
Stamford, CT 06927
</TABLE>
Citizenship
-----------
All Directors U.S.A.
2
<PAGE>
Executive Officers of General Electric Capital Corporation
<TABLE>
<CAPTION>
NAME
PRESENT PRINCIPAL OCCUPATION PRESENT BUSINESS ADDRESS
---------------------------- ------------------------
<S> <C>
Denis J. Nayden
Chairman of the Board and Chief Executive Officer GE Capital Corporation
260 Long Ridge Road
Stamford, CT 06927
Michael A. Neal
President and Chief Operating Officer GE Capital Corporation
260 Long Ridge Road
Stamford, CT 06927
James A. Parke
Vice Chairman of the Board and Chief Financial Officer GE Capital Corporation
260 Long Ridge Road
Stamford, CT 06927
Edward D. Stewart
Executive Vice President GE Capital Corporation
260 Long Ridge Road
Stamford, CT 06927
William A. Woodburn
Executive Vice President GE Capital Corporation
260 Long Ridge Road
Stamford, CT 06927
Nancy E. Barton
Senior Vice President, General
Counsel and Secretary GE Capital Corporation
260 Long Ridge Road
Stamford, CT 06927
James A. Colica
Senior Vice President, Global Risk
Management GE Capital Corporation
260 Long Ridge Road
Stamford, CT 06927
Richard D'Avino
Senior Vice President, Taxes GE Capital Corporation
260 Long Ridge Road
Stamford, CT 06927
Robert L. Lewis,
Senior Vice President, Structured
Finance Group GE Capital Corporation
260 Long Ridge Road
Stamford, CT 06927
Marc J. Saperstein,
Senior Vice President, Human Resources GE Capital Corporation
260 Long Ridge Road
Stamford, CT 06927
Jeffrey S. Werner,
Senior Vice President, Corporate Treasury
and Global Funding Opn GE Capital Corporation
260 Long Ridge Road
Stamford, CT 06927
</TABLE>
Citizenship
-----------
All Executive Officers U.S.A.
3
<PAGE>
SCHEDULE II
DIRECTORS AND OFFICERS OF GENERAL ELECTRIC CAPITAL SERVICES, INC.
Directors of General Electric Capital Services, Inc.
<TABLE>
<CAPTION>
NAME
PRESENT PRINCIPAL OCCUPATION PRESENT BUSINESS ADDRESS
---------------------------- ------------------------
<S> <C>
Nancy E. Barton,
Senior Vice President, General Counsel and Secretary GE Capital Corp
260 Long Ridge Road
Stamford, CT 06927
Francis S. Blake,
Senior Vice President, Corporate Business Development General Electric Company
3135 Easton Turnpike
Fairfield, CT 06431
James R. Bunt,
Vice President and Treasurer GE Company
3135 Easton Turnpike
Fairfield, CT 06431
David L. Calhoun,
Chief Executive Officer GE Aircraft Engines
1 Neumann Way
Cincinnati, OH 45215
Dennis D. Dammerman,
Vice Chairman and Executive Officer GE Company
3135 Easton Turnpike
Fairfield, CT 06431
Michael D. Fraizer,
President & CEO GE Financial Assurance
6604 W. Broad Street
Richmond, VA 23230
Benjamin W. Heineman, Jr.,
Senior Vice President, General Counsel and Secretary GE Company
3135 Easton Turnpike
Fairfield, CT 06431
Jeffrey R. Immelt,
President and Chairman-Elect GE Company
3135 Easton Turnpike
Fairfield, CT 06431
W. James McNerney, Jr. 8765 Old Indian Hill Road
Business position not available Indian Hill, OH 45243 (Residence)
John H. Myers,
Chairman and President GE Investment Corporation
3003 Summer Street, 7th Fl.
Stamford, CT 06905
Robert L. Nardelli
Business position not available 1 Cobble Court
Loudonville, NY 12211 (Residence)
<PAGE>
NAME
PRESENT PRINCIPAL OCCUPATION PRESENT BUSINESS ADDRESS
---------------------------- ------------------------
Denis J. Nayden,
Chairman and CEO GE Capital Corporation
260 Long Ridge Road
Stamford, CT 06927
Michael A. Neal,
President and COO GE Capital Corporation
260 Long Ridge Road
Stamford, CT 06927
James A. Parke,
Vice Chairman & Chief Financial Officer GE Capital Corporation
260 Long Ridge Road
Stamford, CT 06927
Ronald R. Pressman,
Chairman, President & CEO Employers Reinsurance Corporation
5200 Metcalf
Overland Park, KS 66204
Gary M. Reiner,
Sr. Vice President & Chief Information Officer General Electric Company
3135 Easton Turnpike
Fairfield, CT 06431
John M. Samuels,
Vice President and Senior Counsel, Corporate Taxes General Electric Company
3135 Easton Turnpike
Fairfield, CT 06431
Keith S. Sherin,
Senior Vice President, Finance, and Chief
Financial Officer General Electric Company
3135 Easton Turnpike
Fairfield, CT 06431
Edward D. Stewart,
Executive Vice President General Electric Capital Corporation
260 Long Ridge Road
Stamford, CT 06927
John F. Welch, Jr.,
Chairman and Chief Executive Officer General Electric Company
3135 Easton Turnpike
Fairfield, CT 06431
William A. Woodburn,
Executive Vice President General Electric Capital Corporation
260 Long Ridge Road
Stamford, CT 06927
</TABLE>
Citizenship
-----------
All Directors U.S.A.
2
<PAGE>
Executive Officers of General Electric Capital Services, Inc.
<TABLE>
<CAPTION>
NAME
PRESENT PRINCIPAL OCCUPATION PRESENT BUSINESS ADDRESS
---------------------------- ------------------------
<S> <C>
Dennis D. Dammerman,
Chairman of the Board GE Company
3135 Easton Turnpike
Fairfield, CT 06431
Denis J. Nayden
President GE Capital Corporation
260 Long Ridge Road
Stamford, CT 06927
James A. Parke
Executive Vice President and Chief Financial Officer GE Capital Corporation
260 Long Ridge Road
Stamford, CT 06927
Michael A. Neal
Executive Vice President GE Capital Corporation
260 Long Ridge Road
Stamford, CT 06927
Ronald R. Pressman,
Executive Vice President Employers Reinsurance Corporation
5200 Metcalf
Overland Park, KS 66204
Edward D. Stewart
Executive Vice President GE Capital Corporation
260 Long Ridge Road
Stamford, CT 06927
William A. Woodburn
Executive Vice President GE Capital Corporation
260 Long Ridge Road
Stamford, CT 06927
Nancy E. Barton
Senior Vice President, General
Counsel and Secretary GE Capital Corporation
260 Long Ridge Road
Stamford, CT 06927
James A. Colica
Senior Vice President, Global Risk
Management GE Capital Corporation
260 Long Ridge Road
Stamford, CT 06927
Richard D'Avino
Senior Vice President, Taxes GE Capital Corporation
260 Long Ridge Road
Stamford, CT 06927
Marc J. Saperstein,
Senior Vice President, Human Resources GE Capital Corporation
260 Long Ridge Road
Stamford, CT 06927
Jeffrey S. Werner,
Senior Vice President, Corporate Treasury
and Global Funding Opn GE Capital Corporation
260 Long Ridge Road
Stamford, CT 06927
</TABLE>
Citizenship
-----------
All Executive Officers U.S.A.
3
<PAGE>
SCHEDULE III
DIRECTORS AND OFFICERS OF GENERAL ELECTRIC COMPANY
DIRECTORS OF GENERAL ELECTRIC COMPANY
Name
Present Principal Occupation Present Business Address
---------------------------- ------------------------
J. I. Cash, Jr. Harvard Business School
Professor of Business Administration- Morgan Hall
Graduate School of Business Soldier's Field Road
Administration, Harvard University Boston, MA 02163
S. S. Cathcart 222 Wisconsin Avenue
Retired Chairman Suite 103
Illinois Tool Works Lake Forest, IL 60045
Dennis D. Dammerman General Electric Company
Vice Chairman of the Board and Executive 3135 Easton Turnpike
Officer, General Electric Company; Fairfield, CT 06431
Chairman, General Electric Capital
Services, Inc.
P. Fresco Fiat SpA
Chairman of The Board via Nizza 250
10126 Torino, Italy
A. M. Fudge Kraft Foods, Inc.
Executive Vice President 555 South Broadway
Tarrytown, NY 10591
C. X. Gonzalez Kimberly-Clark de Mexico, S.A. de
Chairman of the Board and Chief Executive C.V.
Officer Jose Luis Lagrange 103
Kimberly-Clark de Mexico, S.A. de C. V. Tercero Piso
Colonia Los Morales
Mexico, D. F. 11510, Mexico
A. Jung Avon Products, Inc.
President and Chief Executive 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
Scott G. McNealy Sun Microsystems, Inc.
Chairman, President and Chief Executive 901 San Antonio Road
Officer, Sun Microsystems, Inc. Palo Alto, CA 94303-4900
<PAGE>
Name
Present Principal Occupation Present Business Address
---------------------------- ------------------------
W. J McNerney, Jr. 8765 Old Indian Hill Road
Business position not available Indian Hill, OH 45243
(Residence)
G. G. Michelson Federated Department Stores
Former Member of the Board of Directors 151 West 34th Street
Federated Department Stores New York, New York 10001
R. L. Nardelli 1 Cobble Court
Business position not available Londonville, NY 12211
(Residence)
S. Nunn King & Spalding
Partner, King & Spalding 191 Peachtree Street, N.E.
Atlanta, Georgia 30303
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
Retired Chairman of The Board and CEO and Corporation
former Director, Champion International 1 Champion Plaza
Corporation Stamford, CT 06921
D. A. Warner III J. P. Morgan & Co., Inc. & Morgan
Chairman of the Board, President and Chief Guaranty Trust Co.
Executive Officer, J. P. Morgan & Co. 60 Wall Street
Incorporated and Morgan Guaranty Trust New York, New York 10260
Company
J. F. Welch, Jr. General Electric Company
Chairman of the Board and Chief Executive 3135 Easton Turnpike
Officer, General Electric Company Fairfield, CT 06431
R. C. Wright National Broadcasting Company,
Vice Chairman of the Board and Executive Inc.
Officer, General Electric Company; 30 Rockefeller Plaza
President and Chief Executive Officer, New York, New York 10112
National Broadcasting Company, Inc.
Citizenship
------------
P. Fresco Italy
C. X. Gonzales Mexico
Andrea Jung Canada
All Others U.S.A.
2
<PAGE>
GENERAL ELECTRIC COMPANY
EXECUTIVE OFFICERS
Name
Present Principal Occupation Present Business Address
---------------------------- ------------------------
J. F. Welch, Jr. General Electric Company
Chairman of the Board and Chief Executive 3135 Easton Turnpike
Officer, General Electric Company Fairfield, CT 06431
P. D. Ameen General Electric Company
Vice President and Comptroller 3135 Easton Turnpike
Fairfield, CT 06431
F. S. Blake General Electric Company
Senior Vice President-Corporate Business 3135 Easton Turnpike
Development Fairfield, CT 06431
J. R. Bunt General Electric Company
Vice President and Treasurer 3135 Easton Turnpike
Fairfield, CT 06431
W. J. Conaty General Electric Company
Senior Vice President -Human Resources 3135 Easton Turnpike
Fairfield, CT 06431
Dennis D. Dammerman General Electric Company
Vice Chairman of the Board and Executive 3135 Easton Turnpike
Officer, General Electric Company; Fairfield, CT 06431
Chairman, General Electric Capital
Services, Inc.
Scott C. Donnelly General Electric Company
Senior Vice President-Corporate Research P. O. Box 8
and Development Schenectady, NY 12301
Matthew J. Espe General Electric Company
Senior Vice President-GE Lighting 3135 Easton Turnpike
Fairfield, CT 06431
B. W. Heineman, Jr. General Electric Company
Senior Vice President-General Counsel and 3135 Easton Turnpike
Secretary Fairfield, CT 06431
J. R. Immelt General Electric Company
Senior Vice President-GE Medical Systems P. O. Box 414
Milwaukee, WI 53201
L. R. Johnston General Electric Company
Senior Vice President -GE Appliances Appliance Park
Louisville, KY 40225
J. Krenicki, Jr. General Electric Company
Vice President-GE Transportation Systems 2901 East Lake Road
Erie, PA 16531
R. W. Nelson General Electric Company
Vice President -Corporate Financial 3135 Easton Turnpike
Planning and Analysis Fairfield, CT 06431
3
<PAGE>
Name
Present Principal Occupation Present Business Address
---------------------------- ------------------------
G. M. Reiner General Electric Company
Senior Vice President 1 Plastics Avenue
Chief Information Officer Pittsfield, MA 01201
K. S. Sherin General Electric Company
Senior Vice President-Finance and Chief 3135 Easton Turnpike
Financial Officer Fairfield, CT 06431
L. G. Trotter General Electric Company
Senior Vice President 41 Woodford Avenue
GE Industrial Systems Plainville, CT 06062
R. C. Wright National Broadcasting Company,
Vice Chairman of the Board and Executive Inc.
Officer, General Electric Company; 30 Rockefeller Plaza
President and Chief Executive Officer, New York, New York 10112
National Broadcasting Company, Inc.
Citizenship of All General Electric Company Executive Officers
-------------------------------------
U.S.A.
4
<PAGE>
EXHIBIT INDEX
A. Joint Filing Agreement dated as of December 18, 2000 by and among GECC,
GECS and GE.
B. Securities Purchase Agreement (GECC) dated as of December 4, 2000,
between GECC and the Issuer.
C. Registration Rights Agreement dated as of December 4, 2000, between
GECC and the Issuer.
D. Stock Purchase Warrant, dated December 4, 2000.
