================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934*
HUDSON GENERAL CORPORATION
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK 443784 10 3
------------------------------ --------------
(Title of class of securities) (CUSIP number)
RICHARD D. SEGAL JAY B. LANGNER
C/O SEAVEST PARTNERS 111 GREAT NECK ROAD
707 WESTCHESTER AVENUE SUITE 600
WHITE PLAINS, NEW YORK 10604 GREAT NECK, NEW YORK 11021
(914) 681-4453 (516) 487-8610
- --------------------------------------------------------------------------------
(Name, address and telephone number of person authorized to receive notices and
communications)
DECEMBER 22, 1998
- --------------------------------------------------------------------------------
(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.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities
of that Section of the Exchange Act but shall be subject to all other provisions
of the Exchange Act.
*NOTE: THIS STATEMENT CONSTITUTES AMENDMENT NO. 1 TO THE REPORTING GROUP
SCHEDULE 13D, AMENDMENT NO. 4 TO THE LANGNER SCHEDULE 13D, AND
AMENDMENT NO. 9 OF TO THE SEGAL SCHEDULE 13D.
(Continued on following page(s))
(Page 1 of 22 Pages)
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NYFS10...:\80\57780\0003\2403\SCHD148S.12C
<PAGE>
<TABLE>
<CAPTION>
- -------------------------------------------------------- --------------------------------------
CUSIP No. 443784 10 3 13D Page 2 of 22
- -------------------------------------------------------- --------------------------------------
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C>
1 NAME OF REPORTING PERSON: JAY B. LANGNER
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON (ENTITIES ONLY):
- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: 00
- ---------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_]
PURSUANT TO ITEM 2(d) OR 2(e):
- ---------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF UNITED STATES
ORGANIZATION:
- ---------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 131,254 [1]
SHARES
----------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
----------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 131,254 [1]
REPORTING
----------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ---------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 131,254 [1]
REPORTING PERSON:
- ---------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [_]
SHARES:
- ---------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 7.5%
- ---------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ---------------------------------------------------------------------------------------------------------
[1] Includes 10,000 shares issuable upon the exercise of presently exercisable
options.
<PAGE>
- -------------------------------------------------------- --------------------------------------
CUSIP No. 443784 10 3 13D Page 3 of 22
- -------------------------------------------------------- --------------------------------------
- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: RICHARD D. SEGAL
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON (ENTITIES ONLY):
- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: 00
- ---------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_]
PURSUANT TO ITEM 2(d) OR 2(e):
- ---------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF UNITED STATES
ORGANIZATION:
- ---------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
----------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 125,972 [1]
OWNED BY
----------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
----------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 125,972 [1]
- ---------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 125,972
REPORTING PERSON:
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [_]
SHARES:
- ---------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 7.2%
- ---------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ---------------------------------------------------------------------------------------------------------
[1] Consists of (i) 27,590 shares owned by a partnership of which Mr. Segal is
the managing partner, (ii) 37,321 shares owned by a partnership of which
Mr. Segal is a co-trustee of certain of the partners thereof, (iii) 31,472
shares owned by Mr. Segal's wife as to which he is attorney-in-fact, (iv)
an aggregate of 22,329 shares owned by other members of Mr. Segal's family,
as to which he is attorney-in-fact, and (v) 7,260 shares owned by a trust
of which he is a co-trustee. Mr. Segal disclaims beneficial ownership of
all shares referred to in clauses (ii), (iii), (iv) and (v) of this
footnote 1.
<PAGE>
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CUSIP No. 443784 10 3 13D Page 4 of 22
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- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: ROCCO DALOIA
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON (ENTITIES ONLY):
- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(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):
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6 CITIZENSHIP OR PLACE OF UNITED STATES
ORGANIZATION:
- ---------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
----------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
----------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
----------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ---------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 0
REPORTING PERSON:
- ---------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [_]
SHARES:
- ---------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0%
- ---------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ---------------------------------------------------------------------------------------------------------
<PAGE>
- -------------------------------------------------------- --------------------------------------
CUSIP No. 443784 10 3 13D Page 5 of 22
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- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: FERNANDO DIBENEDETTO
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON (ENTITIES ONLY):
- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
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3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: PF,00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_]
PURSUANT TO ITEM 2(d) OR 2(e):
- ---------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF UNITED STATES
ORGANIZATION:
- ---------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 1,010 [1]
SHARES
----------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
----------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 1,010 [1]
REPORTING
----------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ---------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 1,010
REPORTING PERSON:
- ---------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [_]
SHARES:
- ---------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.1%
- ---------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ---------------------------------------------------------------------------------------------------------
[1] Includes 1,000 shares issuable upon the exercise of presently exercisable
options.
<PAGE>
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CUSIP No. 443784 10 3 13D Page 6 of 22
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1 NAME OF REPORTING PERSON: DAVID A. LANGNER
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON (ENTITIES ONLY):
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: PF,00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_]
PURSUANT TO ITEM 2(d) OR 2(e):
- ---------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF UNITED STATES
ORGANIZATION:
- ---------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 40,090
SHARES
----------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
----------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 40,090
REPORTING
----------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ---------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 40,090
REPORTING PERSON:
- ---------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [_]
SHARES:
- ---------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 2.3%
- ---------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ---------------------------------------------------------------------------------------------------------
<PAGE>
- -------------------------------------------------------- --------------------------------------
CUSIP No. 443784 10 3 13D Page 7 of 22
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- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: VIRGINIA E. LUPPESCU
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON (ENTITIES ONLY):
- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: PF,00
- ---------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_]
PURSUANT TO ITEM 2(d) OR 2(e):
- ---------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF UNITED STATES
ORGANIZATION:
- ---------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 38,118
SHARES
----------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
----------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 38,118
REPORTING
----------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ---------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 38,118
REPORTING PERSON:
- ---------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [_]
SHARES:
- ---------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 2.2%
- ---------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ---------------------------------------------------------------------------------------------------------
<PAGE>
- -------------------------------------------------------- --------------------------------------
CUSIP No. 443784 10 3 13D Page 8 of 22
- -------------------------------------------------------- --------------------------------------
- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: PAUL R. POLLACK
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON (ENTITIES ONLY):
- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: PF,00
- ---------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_]
PURSUANT TO ITEM 2(d) OR 2(e):
- ---------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF UNITED STATES
ORGANIZATION:
- ---------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 10,140 [1]
SHARES
----------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
----------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 10,140 [1]
REPORTING
----------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ---------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 10,140
REPORTING PERSON:
- ---------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [_]
SHARES:
- ---------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.6%
- ---------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ---------------------------------------------------------------------------------------------------------
[1] Includes 8,200 shares issuable upon the exercise of presently exercisable
options.
<PAGE>
- -------------------------------------------------------- --------------------------------------
CUSIP No. 443784 10 3 13D Page 9 of 22
- -------------------------------------------------------- --------------------------------------
- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: BARRY I. REGENSTEIN
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON (ENTITIES ONLY):
- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: PF,00
- ---------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_]
PURSUANT TO ITEM 2(d) OR 2(e):
- ---------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF UNITED STATES
ORGANIZATION:
- ---------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 2,600 [1]
SHARES
----------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
----------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 2,600 [1]
REPORTING
----------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ---------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 2,600
REPORTING PERSON:
- ---------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [_]
SHARES:
- ---------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.1%
- ---------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ---------------------------------------------------------------------------------------------------------
[1] Consists of 2,600 shares issuable upon the exercise of presently
exercisable options.
<PAGE>
- -------------------------------------------------------- --------------------------------------
CUSIP No. 443784 10 3 13D Page 10 of 22
- -------------------------------------------------------- --------------------------------------
- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: RAYMOND J. RIEDER
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON (ENTITIES ONLY):
- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: PF,00
- ---------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_]
PURSUANT TO ITEM 2(d) OR 2(e):
- ---------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF UNITED STATES
ORGANIZATION:
- ---------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 2,900 [1]
SHARES
----------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
----------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 2,900 [1]
REPORTING
----------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ---------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 2,900
REPORTING PERSON:
- ---------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [_]
SHARES:
- ---------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.2%
- ---------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ---------------------------------------------------------------------------------------------------------
[1] Consists of 2,900 shares issuable upon the exercise of presently
exercisable options.
<PAGE>
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CUSIP No. 443784 10 3 13D Page 11 of 22
- -------------------------------------------------------- --------------------------------------
- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: NOAH E. ROCKOWITZ
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON (ENTITIES ONLY):
- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: PF,00
- ---------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_]
PURSUANT TO ITEM 2(d) OR 2(e):
- ---------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF UNITED STATES
ORGANIZATION:
- ---------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 1,800 [1]
SHARES
----------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
----------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 1,800 [1]
REPORTING
----------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ---------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 1,800
REPORTING PERSON:
- ---------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [_]
SHARES:
- ---------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.1%
- ---------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ---------------------------------------------------------------------------------------------------------
[1] Consists of 1,800 shares issuable upon the exercise of presently
exercisable options.
<PAGE>
- -------------------------------------------------------- --------------------------------------
CUSIP No. 443784 10 3 13D Page 12 of 22
- -------------------------------------------------------- --------------------------------------
- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: MICHAEL RUBIN
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON (ENTITIES ONLY):
- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: PF,00
- ---------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_]
PURSUANT TO ITEM 2(d) OR 2(e):
- ---------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF UNITED STATES
ORGANIZATION:
- ---------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 8,430 [1]
SHARES
----------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
----------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 8,430 [1]
REPORTING
----------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ---------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 8,430
REPORTING PERSON:
- ---------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [_]
SHARES:
- ---------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.5%
- ---------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ---------------------------------------------------------------------------------------------------------
[1] Includes 8,200 shares issuable upon the exercise of presently exercisable
options.
<PAGE>
- -------------------------------------------------------- --------------------------------------
CUSIP No. 443784 10 3 13D Page 13 of 22
- -------------------------------------------------------- --------------------------------------
- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: HENRY A. SATINSKAS
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON (ENTITIES ONLY):
- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: PF,00
- ---------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_]
PURSUANT TO ITEM 2(d) OR 2(e):
- ---------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF UNITED STATES
ORGANIZATION:
- ---------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 1,656
SHARES
----------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
----------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 1,656
REPORTING
----------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ---------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 1,656
REPORTING PERSON:
- ---------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [_]
SHARES:
- ---------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.1%
- ---------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ---------------------------------------------------------------------------------------------------------
<PAGE>
- -------------------------------------------------------- --------------------------------------
CUSIP No. 443784 10 3 13D Page 14 of 22
- -------------------------------------------------------- --------------------------------------
- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: RIVER ACQUISITION CORP.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON (ENTITIES ONLY):
- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: BK
- ---------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_]
PURSUANT TO ITEM 2(d) OR 2(e):
- ---------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF UNITED STATES
ORGANIZATION:
- ---------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
----------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
----------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
----------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ---------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 0 [1]
REPORTING PERSON:
- ---------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [_]
SHARES:
- ---------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0%
- ---------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ---------------------------------------------------------------------------------------------------------
</TABLE>
[1] Does not include shares which may be acquired by the Reporting Group
pursuant to the Merger Agreement, subject to the conditions contained
therein. See Items 3 and 4 of this Schedule 13D.
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
(AMENDMENT NO. 1)
Statement of
JAY B. LANGNER
RICHARD D. SEGAL
ROCCO DALOIA
FERNANDO DIBENEDETTO
DAVID A. LANGNER
VIRGINIA E. LUPPESCU
PAUL R. POLLACK
BARRY I. REGENSTEIN
RAYMOND J. RIEDER
NOAH E. ROCKOWITZ
MICHAEL RUBIN
HENRY A. SATINSKAS
and
RIVER ACQUISITION CORP.
Pursuant to Section 13(d)
of the Securities Exchange Act of 1934
in respect of
HUDSON GENERAL CORPORATION
This Report on Schedule 13D relates to the common stock, par value $1.00
per share (the "Common Stock"), of Hudson General Corporation, a Delaware
corporation (the "Company"). This amendment to the Report on Schedule 13D
originally filed by the Reporting Group (as defined below) on November 23, 1998
(the "Reporting Group Schedule 13D") is being filed to reflect the addition of
David A. Langner and Virginia E. Luppescu (each, an "Additional Reporting
Person") as members of the Reporting Group. The Reporting Group Schedule 13D is
hereby amended and supplemented to include the information contained herein, and
this Report constitutes Amendment No. 1 to the Reporting Group Schedule 13D; the
Report on Schedule 13D originally filed by Jay B. Langner on September 19, 1974,
as amended and supplemented by the amendments thereto previously filed with the
Securities Exchange Commission (collectively, the "Langner Schedule 13D"), is
hereby amended and supplemented to include the information contained herein, and
this Report constitutes Amendment No. 4 to the Langner Schedule 13D; and the
Report on Schedule 13D originally filed by Richard D. Segal on June 29, 1982, as
amended and supplemented by the amendments thereto previously filed with the
Securities Exchange Commission (collectively, the "Segal Schedule 13D", and
together with the Reporting Group 13D and the Langner 13D, the "Schedule 13D"),
is hereby amended and supplemented to include the information contained herein,
and this Report
(Page 15 of 22)
<PAGE>
constitutes Amendment No. 9 to the Segal Schedule 13D. Jay B. Langner, Richard
D. Segal, Rocco Daloia, Fernando DiBenedetto, David A. Langner, Virginia E.
Luppescu, Paul R. Pollack, Barry I. Regenstein, Raymond J. Rieder, Noah E.
Rockowitz, Michael Rubin, Henry A. Satinskas and River Acquisition Corp. (each,
a "Reporting Person") constitute a "group" for purposes of Rule 13d-5 under the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), with respect
to their respective beneficial ownership of the Common Stock, and are
collectively referred to as the "Reporting Group".
The summary descriptions contained in this Report of certain agreements
and documents are qualified in their entirety by reference to the complete texts
of such agreements and documents filed as Exhibits hereto and incorporated
herein by reference. Information contained herein with respect to each Reporting
Person is given solely by such Reporting Person, and no other Reporting Person
has responsibility for the accuracy or completeness of information supplied by
such other Reporting Person.
(Page 16 of 22)
<PAGE>
ITEM 1. SECURITY AND ISSUER.
The principal executive offices of the Company are located at 111 Great
Neck Road, P.O. Box 355, Great Neck, New York 11022. The class of securities to
which this Report relates is the Common Stock of the Company.
ITEM 2. IDENTITY AND BACKGROUND.
The information set forth in Item 2 of the Reporting Group Schedule 13D is
hereby amended and supplemented by adding the following information thereto:
David A. Langner's business address is 747 Third Avenue, New York, New
York 10007 and his principal occupation is as an attorney with Siller Wilk LLP.
During the last five years, Mr. Langner has not been convicted in a
criminal proceeding (excluding traffic violations and similar misdemeanors), nor
has he been a party to a civil proceeding of a judicial or administrative body
of competent jurisdiction resulting in a judgment, decree or final order
enjoining future violations of, or prohibiting or mandating activities subject
to, federal or state securities laws or finding any violation with respect to
such laws.
Mr. Langner is a United States citizen.
Ms. Luppescu's business address is 10 North Gaston
Avenue, Somerville, New Jersey 08876 and her principal
occupation is office manager for Neal E. Luppescu, M.D.,
P.A.
During the last five years, Ms. Luppescu has not been convicted in a
criminal proceeding (excluding traffic violations and similar misdemeanors), nor
has she been a party to a civil proceeding of a judicial or administrative body
of competent jurisdiction resulting in a judgment, decree or final order
enjoining future violations of, or prohibiting or mandating activities subject
to, federal or state securities laws or finding any violation with respect to
such laws.
Ms. Luppescu is a United States citizen.
The correct business address of River Acquisition Corp.
is c/o Seavest Inc., 707 Westchester Avenue, White Plains,
New York 10604.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The information set forth in Item 3 of the Langner Schedule 13D, the Segal
Schedule 13D and the Reporting Group Schedule 13D is hereby amended and
supplemented by adding the following information thereto (capitalized terms used
but not otherwise defined in this Item 3 have the meanings ascribed to them in
the Reporting Group Schedule 13D):
(Page 17 of 22)
<PAGE>
The Reporting Persons have calculated that, assuming there are no
Dissenting Shares and that each of the Reporting Persons (including the
Additional Reporting Persons) contributes to Newco all of the shares of Common
Stock beneficially owned by him or her (and that all options to acquire Common
Stock held by the Reporting Persons are converted into options to acquire shares
of the Surviving Corporation), approximately $81.1 million will be required to
pay the aggregate Merger Consideration due to stockholders and option holders of
the Company at the closing of the Merger. In addition, the Reporting Persons
have reduced their estimate of Merger Expenses from $3.5 million to $3.2
million.
The information set forth in Item 6 of this Schedule 13D and Item 3 of the
Reporting Group Schedule 13D is hereby incorporated by reference herein.
ITEM 4. PURPOSE OF TRANSACTION.
The information set forth in Item 6 of this Schedule 13D and Item 4 of the
Reporting Group Schedule 13D is hereby incorporated by reference herein.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
The information set forth in Item 5 of the Langner Schedule 13D, the Segal
Schedule 13D, and the Reporting Group Schedule 13D is hereby amended and
supplemented by adding the following information thereto:
Reporting Group
The Company's Quarterly Report on Form 10-Q for the quarter ended
September 30, 1998 reports that as of October 31, 1998 there were outstanding
1,744,949 shares of Common Stock. As of the date hereof, the Reporting Persons
(including the Additional Reporting Persons) beneficially own an aggregate of
363,970 shares of Common Stock, or approximately 20.5% of the Common Stock
deemed outstanding. With respect to the percentages of outstanding shares set
forth in this Schedule 13D, the percentage of outstanding shares (i) for each
individual has been calculated as though only the options held by such
individual, if any, had been exercised, and (ii) for the Reporting Group has
been calculated as though all options held by them had been exercised.
By virtue of their status as a "group" for purposes of Rule 13d-5, each of
the members of the Reporting Group may be deemed to have shared voting and
dispositive power over the shares owned by the other members. However, the
filing of this Schedule 13D shall not be construed as an admission that any of
the Reporting Persons is, for the purposes of Section 13(d) or 13(g) of the
Exchange Act, the beneficial owner of any securities held by any other member of
the Reporting Group.
(Page 18 of 22)
<PAGE>
The information set forth in Item 5 of the Reporting Group Schedule 13D
with respect to each member of the Reporting Group (other than the Additional
Reporting Persons) is hereby incorporated by reference herein.
David A. Langner
(a) David A. Langner beneficially owns 40,090 shares of Common Stock,
constituting approximately 2.3% of the outstanding shares of Common Stock as of
October 31, 1998.
(b) Mr. Langner has sole voting power and sole investment power with
respect to all of the shares of Common Stock referred to in paragraph (a) above.
(c) No transactions in the Common Stock were effected by Mr. Langner
within the past 60 days.
(d) Except as set forth above in this Item 5, no other person is know to
have the right to receive or the power to direct the receipt of dividends from
or the proceeds from the sale of the securities.
(e) Not applicable.
Virginia E. Luppescu
(a) Ms. Luppescu beneficially owns 38,118 shares of Common Stock,
constituting approximately 2.2% of the Common Stock outstanding as of October
31, 1998.
(b) Ms. Luppescu has sole voting power and sole investment power with
respect to all of the shares of Common Stock referred to in paragraph (a) above.
(c) No transactions in the Common Stock were effected by Ms. Luppsecu
within the past 60 days.
(d) Except as set forth above in this Item 5, no other person is know to
have the right to receive or the power to direct the receipt of dividends from
or the proceeds from the sale of the securities.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
The information set forth in Item 6 of the Langner Schedule 13D, the Segal
Schedule 13D and the Reporting Group Schedule 13D is hereby amended and
supplemented by adding the following information thereto (capitalized terms used
but not otherwise defined in this Item 6 have the meanings ascribed to them in
the Reporting Group Schedule 13D):
(Page 19 of 22)
<PAGE>
On December 22, 1998, David A. Langner and Virginia E. Luppescu agreed to
become members of the Reporting Group and entered into an amended and restated
joint filing agreement with the other members of the Reporting Group.
It is currently contemplated that in connection with the Acquisition, Mr.
Langner and Ms. Luppescu will contribute to Newco all of the shares of Common
Stock owned by them; however, the Reporting Persons have not yet formulated
definitive plans regarding such equity contributions and certain other
arrangements expected to be made among the members of the Reporting Group
regarding ownership interests in Newco.
Jay B. Langner is the father of David A. Langner and Virginia E. Luppescu.
The information set forth in Items 3 and 4 of the Reporting Group Schedule
13D is hereby incorporated by reference herein.
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS.
13. Amended and Restated Joint Filing Agreement, dated as of December
22, 1998, among Jay B. Langner, Richard D. Segal, Rocco Daloia,
Fernando DiBenedetto, David A. Langner, Virginia E. Luppescu,
Paul R. Pollack, Barry I. Regenstein, Raymond J. Rieder, Noah E.
Rockowitz, Michael Rubin, Henry A. Satinskas and River
Acquisition Corp.
(Page 20 of 22)
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of their knowledge and
belief, the undersigned certify that the information set forth in this statement
is true, complete and correct.
Dated: December 22, 1998
/s/ Jay B. Langner
-------------------------------------------
Jay B. Langner
/s/ Richard D. Segal
-------------------------------------------
Richard D. Segal
/s/ Rocco Daloia
-------------------------------------------
Rocco Daloia
/s/ Fernando DiBenedetto
-------------------------------------------
Fernando DiBenedetto
/s/ David A. Langner
-------------------------------------------
David A. Langner
/s/ Virginia E. Luppescu
-------------------------------------------
Virginia E. Luppescu
/s/ Paul R. Pollack
-------------------------------------------
Paul R. Pollack
/s/ Barry Regenstein
-------------------------------------------
Barry Regenstein
/s/ Raymond J. Rieder
-------------------------------------------
Raymond J. Rieder
/s/ Noah Rockowitz
-------------------------------------------
Noah Rockowitz
(Page 21 of 22)
<PAGE>
/s/ Michael Rubin
-------------------------------------------
Michael Rubin
/s/ Henry A. Satinskas
-------------------------------------------
Henry A. Satinskas
RIVER ACQUISITION CORP.
By: /s/ Michael Rubin
---------------------------------------
Michael Rubin
Vice President
(Page 22 of 22 Pages)
<PAGE>
EXHIBIT INDEX
1. Proposal Letter, dated November 20, 1998, from Jay B. Langner
and Richard D. Segal to the Special Committee of the Board of
Directors of Hudson General Corporation.*
2. Agreement and Plan of Merger, dated as of November 22, 1998,
between Hudson General Corporation and River Acquisition Corp.*
3. Contribution Letter, dated November 22, 1998, from Jay B.
Langner and Richard D. Segal to Hudson General Corporation.*
4. Commitment Letter, dated November 20, 1998, among BankBoston,
N.A., European American Bank, The Chase Manhattan Bank,
BancBoston Robertson Stephens Inc., River Acquisition Corp. and
Jay B. Langner.*
5. Confidentiality Agreement, dated June 30, 1998, between Hudson
General Corporation and Jay B.
Langner.*
6. Confidentiality Agreement, dated June 30, 1998, between Hudson
General Corporation and Michael Rubin.*
7. Confidentiality Agreement, dated July 1, 1998, between Hudson
General Corporation and Noah E.
Rockowitz.*
8. Confidentiality Agreement, dated July 1, 1998, between Hudson
General Corporation and Paul R.
Pollack.*
9. Confidentiality Agreement, dated July 2, 1998, between Hudson
General Corporation and Richard D. Segal.*
10. Confidentiality Agreement, dated July 6, 1998, between Hudson
General Corporation and Barry I.
Regenstein.*
11. Expense Reimbursement Letter, dated July 9, 1998, from Hudson
General Corporation to Jay B. Langner and Richard D. Segal.*
12. Joint Filing Agreement, dated as of November 22, 1998, among Jay
B. Langner, Richard D. Segal, Rocco Daloia, Fernando
DiBenedetto, Paul R. Pollack, Barry I. Regenstein, Raymond J.
Rieder, Noah E. Rockowitz, Michael Rubin, Henry A. Satinskas and
River Acquisition Corp.*
<PAGE>
13. Amended and Restated Joint Filing Agreement, dated as of December
22, 1998, among Jay B. Langner, Richard D. Segal, Rocco Daloia,
Fernando DiBenedetto, David A. Langner, Virginia E. Luppescu,
Paul R. Pollack, Barry I. Regenstein, Raymond J. Rieder, Noah E.
Rockowitz, Michael Rubin, Henry A. Satinskas and River
Acquisition Corp.
* Previously Filed.
AMENDED AND RESTATED JOINT FILING AGREEMENT
AMENDED AND RESTATED JOINT FILING AGREEMENT, dated as of December
22, 1998, by and among Jay B. Langner, Richard D. Segal, Rocco Daloia, Fernando
DiBenedetto, David A. Langner, Virginia E. Luppescu, Paul R. Pollack, Barry I.
Regenstein, Raymond J. Rieder, Noah E. Rockowitz, Michael Rubin, Henry A.
Satinskas and River Acquisition Corp.
WHEREAS, each of the parties hereto other than Mr. Daloia and River
Acquisition Corp. beneficially owns shares and/or options to purchase shares of
common stock, par value $1.00 per share (the "Common Stock"), of Hudson General
Corporation;
WHEREAS, the parties hereto constitute a "group" (the "Reporting
Group") with respect to the beneficial ownership of the Common Stock for
purposes of Rule 13d-1 and Schedule 13D promulgated by the Securities and
Exchange Commission;
WHEREAS, pursuant to that certain Joint Filing Agreement dated as of
November 22, 1998 (the "Joint Filing Agreement"), the parties hereto (other than
David A. Langner and Virginia E. Luppescu (the "Additional Reporting Persons"))
filed on November 23, 1998 a single statement on Schedule 13D (the "Reporting
Group Schedule 13D"), with respect to their respective interests in the Common
Stock; and
WHEREAS, the parties hereto desire to amend and restate the Joint
Filing Agreement to reflect the admission of the Additional Reporting Persons to
the Reporting Group.
NOW, THEREFORE, the parties hereto agree as follows:
1. The parties hereto shall prepare an amendment to the Reporting
Group Schedule 13D (the "Amended Schedule 13D") to reflect the admission of the
Additional Reporting Persons to the Reporting Group, and the Amended Schedule
13D shall be filed on behalf of each of them.
2. Each party hereto shall be responsible for the timely filing of
the Amended Schedule 13D and any necessary amendments thereto, and for the
completeness and
NYFS10...:\80\57780\0003\1948\AGRD228K.530
<PAGE>
accuracy of the information concerning him or it contained therein, but shall
not be responsible for the completeness and accuracy of the information
concerning any other party contained therein, except to the extent that he or it
knows or has reason to believe that such information is inaccurate.
3. This Agreement shall continue unless terminated by any party
hereto.
4. Richard D. Segal and Jay B. Langner shall be designated as the
persons authorized to receive notices and communications with respect to the
Reporting Group Schedule 13D and any amendments thereto, including the Amended
Schedule 13D.
5. This Agreement may be executed in counterparts, each of which
taken together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the undersigned have executed this Agreement as
of the date first above written.
/s/ Jay B. Langner
-----------------------------------------
Jay B. Langner
/s/ Richard D. Segal
-----------------------------------------
Richard D. Segal
/s/ Rocco Daloia
-----------------------------------------
Rocco Daloia
/s/ Fernando DiBenedetto
-----------------------------------------
Fernando DiBenedetto
/s/ David A. Langner
-----------------------------------------
David A. Langner
/s/ Virginia E. Luppescu
-----------------------------------------
Virginia E. Luppescu
2
<PAGE>
/s/ Paul R. Pollack
-----------------------------------------
Paul R. Pollack
/s/ Barry I. Regenstein
-----------------------------------------
Barry I. Regenstein
/s/ Raymond J. Rieder
-----------------------------------------
Raymond J. Rieder
/s/ Noah E. Rockowitz
-----------------------------------------
Noah E. Rockowitz
/s/ Michael Rubin
-----------------------------------------
Michael Rubin
/s/ Henry A. Satinskas
-----------------------------------------
Henry A. Satinskas
RIVER ACQUISITION CORP.
By: /s/ Michael Rubin
-------------------------------------
Michael Rubin
Vice President
3
