<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(RULE 13D-102)
INFORMATION STATEMENT PURSUANT TO RULES 13D-1 AND 13D-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
Stage Stores, Inc.
-----------------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
-----------------------------------------------------
(Title of Class of Securities)
85254C 10 7
-----------------------------------------------------
(CUSIP Number)
January 8, 1999
----------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
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 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
13G
===============================================================================
CUSIP NO. 85254C 10 7 Page 2 OF 17 Pages
-----------
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSON.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Brookside Capital Partners Fund, L.P.
EIN No.: 04-3313066
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) [_]
(b) [X]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4 Delaware
- ------------------------------------------------------------------------------
5 SOLE VOTING POWER 2,259,800
NUMBER OF
SHARES -----------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY
-----------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 2,259,800
PERSON -----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
0
- ------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,259,800
- ------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
- ------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.47%
- ------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ------------------------------------------------------------------------------
Page 2 of 17
<PAGE>
13G
===============================================================================
CUSIP NO. 85254C 10 7 Page 3 OF 17 Pages
-----------
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSON.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Sankaty High Yield Asset Partners, L.P.
EIN No.: 04-3395139
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) [_]
(b) [X]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4 Delaware
- ------------------------------------------------------------------------------
5 SOLE VOTING POWER 175,000
NUMBER OF
SHARES -----------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY
-----------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 175,000
PERSON -----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
0
- ------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
175,000
- ------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
[_]
- ------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) .66%
- ------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ------------------------------------------------------------------------------
Page 3 of 17
<PAGE>
13G
===============================================================================
CUSIP NO. 85254C 10 7 Page 4 OF 17 Pages
-----------
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSON.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Bain Capital Fund VI, L.P.
EIN No.: 04-3405560
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) [_]
(b) [X]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4 Delaware
- ------------------------------------------------------------------------------
5 SOLE VOTING POWER 242,670
NUMBER OF
SHARES -----------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY
-----------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER 242,670
REPORTING
PERSON -----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
0
- ------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
242,670
- ------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
[_]
- ------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.91%
- ------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ------------------------------------------------------------------------------
Page 4 of 17
<PAGE>
13G
===============================================================================
CUSIP NO. 85254C 10 7 Page 5 OF 17 Pages
-----------
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSON.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
BCIP Associates II
EIN No.: 04-3404818
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) [_]
(b) [X]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4 Delaware
- ------------------------------------------------------------------------------
5 SOLE VOTING POWER 47,544
NUMBER OF
SHARES -----------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY
-----------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER 47,544
REPORTING
PERSON -----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
0
- ------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
47,544
- ------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
- ------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) .18%
- ------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ------------------------------------------------------------------------------
Page 5 of 17
<PAGE>
13G
===============================================================================
CUSIP NO. 85254C 10 7 Page 6 OF 17 Pages
-----------
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSON.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
BCIP Associates II-B
EIN No.: 04-3404819
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) [_]
(b) [X]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4 Delaware
- ------------------------------------------------------------------------------
5 SOLE VOTING POWER 8,759
NUMBER OF
SHARES -----------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY
-----------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER 8,759
REPORTING
PERSON -----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
0
- ------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,759
- ------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
- ------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) .03%
- ------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ------------------------------------------------------------------------------
Page 6 of 17
<PAGE>
13G
===============================================================================
CUSIP NO. 85254C 10 7 Page 7 OF 17 Pages
-----------
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSON.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
BCIP Associates II-C
EIN No.: 04-3424217
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) [_]
(b) [X]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4 Delaware
- ------------------------------------------------------------------------------
5 SOLE VOTING POWER 11,418
NUMBER OF
SHARES -----------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY
-----------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER 11,418
REPORTING
PERSON -----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
0
- ------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,418
- ------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
- ------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) .04%
- ------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ------------------------------------------------------------------------------
Page 7 of 17
<PAGE>
13G
===============================================================================
CUSIP NO. 85254C 10 7 Page 8 OF 17 Pages
-----------
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSON.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
PEP Investments Pty Ltd.
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) [_]
(b) [X]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4 New South Wales, Australia
- ------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
809
OWNED BY
-----------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON -----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
809
- ------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
809
- ------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
- ------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) .003%
- ------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
- ------------------------------------------------------------------------------
Page 8 of 17
<PAGE>
13G
===============================================================================
CUSIP NO. 85254C 10 7 Page 9 OF 17 Pages
-----------
- ------------------------------------------------------------------------------
NAMES OF REPORTING PERSON.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Bain Capital, Inc.
EIN No.: 04-310243
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) [_]
(b) [X]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4 Delaware
- ------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
809
OWNED BY
-----------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON -----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
809
- ------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
809
- ------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
- ------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) .003%
- ------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- ------------------------------------------------------------------------------
Page 9 of 17
<PAGE>
Item 1(a). NAME OF ISSUER
The name of the issuer to which this filing on Schedule 13G relates is Stage
Stores, Inc. (the "Company").
Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
The principal executive offices of the Company are located at 10201 Main
Street, Houston, Texas 77025.
Item 2(a). NAME OF PERSON FILING
This Statement is being filed on behalf of Brookside Capital Partners Fund,
L.P., a Delaware limited partnership (the "Brookside Fund"), Sankaty High Yield
--------------
Asset Partners, L.P., a Delaware limited partnership (the "Sankaty Fund"), Bain
------------
Capital Fund VI, L.P., a Delaware limited partnership ("Fund VI"), BCIP
-------
Associates II, a Delaware general partnership, BCIP Associates II-B, a Delaware
general partnership, BCIP Associates II-C, a Delaware general partnership,
(together with BCIP Associates II and BCIP Associates II-B, the "BCIP
----
Entities"), and PEP Investments Pty Ltd., a New South Wales limited company
("PEP").
- -----
Brookside Capital Investors, L.P., a Delaware limited partnership ("Brookside
---------
Investors"), is the sole general partner of the Brookside Fund. Brookside
- ---------
Capital Investors, Inc., a Delaware corporation ("Brookside Inc."), is the sole
--------------
general partner of Brookside Investors. Mr. W. Mitt Romney is the sole
shareholder, sole director, President and Chief Executive Officer of Brookside
Inc. and thus is the controlling person of Brookside Inc.
Sankaty High Yield Asset Investors, LLC, a Delaware limited liability company
("Sankaty Investors"), is the sole general partner of the Sankaty Fund. Sankaty
-----------------
High Yield Asset Investors, Ltd., a Bermuda corporation ("Sankaty Ltd."), is the
------------
managing member of Sankaty Investors. Mr. W. Mitt Romney is the sole
shareholder, a director and President of Sankaty Ltd. and thus is the
controlling person of Sankaty Ltd.
Bain Capital Partners VI, L.P., a Delaware limited partnership ("Bain
----
Partners VI"), is the sole general partner of Fund VI. Bain Capital Investors
- -----------
VI, Inc., a Delaware corporation ("Bain Investors VI"), is the sole general
-----------------
partner of Bain Partners VI. Mr. W. Mitt Romney is the sole shareholder, sole
director, Chief Executive Officer and President of Bain Investors VI
and thus is the controlling person of Bain Investors VI.
Bain Capital, Inc., a Delaware corporation ("Bain Capital"), is the sole
------------
managing partner of the BCIP Entities. Mr. W. Mitt Romney is the sole
shareholder, sole director, Chief Executive Officer and President of Bain
Capital and thus is the controlling person of Bain Capital.
Page 10 of 17
<PAGE>
By a power of attorney, PEP has appointed Bain Capital and each of its
officers its attorneys-in-fact, with full power and authority to act, with
respect to certain matters, including the right to vote and dispose of
securities owned by PEP.
The Brookside Fund, the Sankaty Fund, Fund VI, the BCIP Entities and PEP
(collectively, the "Funds") have entered into a Joint Filing Agreement, dated
-----
January 11, 1999, a copy of which is filed with this Schedule 13G as Exhibit A,
pursuant to which the Funds have agreed to file this statement jointly in
accordance with the provisions of Rule 13d-1(k)(1) under the Securities Exchange
Act of 1934 (the "Act").
---
Under Fund VI's partnership agreement, Fund VI and the BCIP Entities
generally are required to make and dispose of securities of an issuer on the
same terms and conditions and dispose of securities of an issuer, in the same
proportions. PEP also makes and disposes of securities of an issuer on the same
terms and conditions, and disposes of securities of an issuer, in the same
proportions as Fund VI and the BCIP Entities. Because of these relationships,
Fund VI, the BCIP Entities and PEP may be deemed to constitute a "group" for
purposes of Section 13(d)(3) of the Act.
Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
The principal business address of each of the Brookside Fund, Brookside
Investors, Brookside Inc., the Sankaty Fund, Sankaty Investors, Fund VI, Bain
Partners VI, Bain Investors VI, each of the BCIP Entities and Bain Capital is
Two Copley Place, Boston, Massachusetts 02116.
The principal business address of Sankaty Ltd. is Reid House, 31 Church
Street, Hamilton HM 12, Bermuda.
The principal business address of PEP is Level 34 The Chifley Tower, 2
Chifley Square, Sydney, New South Wales, Australia.
Item 2(c). CITIZENSHIP
Each of the Brookside Fund, Brookside Investors, Brookside Inc., the Sankaty
Fund, Sankaty Investors, Fund VI, Bain Partners VI, Bain Investors VI, each of
the BCIP Entities and Bain Capital is organized under the laws of the State of
Delaware.
Sankaty Ltd. is organized under the laws of Bermuda.
PEP is organized under the laws of New South Wales, Australia.
Page 11 of 17
<PAGE>
Item 2(d). TITLE OF CLASS OF SECURITIES
The class of equity securities of the Company to which this filing on
Schedule 13G relates is Common Stock, par value $.01 per share.
Item 2(e). CUSIP NUMBER
The CUSIP number of the Company's Common Stock is 85254C 10 7.
Item 3. IF THIS STATEMENT IS FILED PURSUANT TO (S)(S) 240.13D-1(B) OR 240.13D-
2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A: Not applicable.
(a) [ ] Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 73c).
(c) [ ] Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance with (S)13d-1(b)(1)(ii)(E).
(f) [ ] An employee benefit plan or endowment fund in accordance with
(S)240.13d-1(b)(1)(ii)(F).
(g) [ ] A parent holding company or control person in accordance with
(S)240.13d-1(b)(1)(ii)(G).
(h) [ ] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813).
(i) [ ] A church plan that is excluded from the definition of an investment
company under section 3(c)(14) of the Investment Company Act of 1940
(15 U.S.C. 80a-3).
(j) [ ] Group, in accordance with (S)240.13d-1(b)(1)(ii)(J).
[X] IF THIS STATEMENT IS FILED PURSUANT TO (S)240.13D-1(C), CHECK THIS
BOX.
Item 4. OWNERSHIP
Item 4(a). AMOUNT BENEFICIALLY OWNED
As of the close of business on January 8, 1999, the Brookside Fund owned
2,259,800 shares of Common Stock of the Company. The Brookside Fund has the
sole power to vote and dispose of the shares of Common Stock. The Brookside Fund
acts by and through its general partner, Brookside Investors. Brookside
Investors acts by and through its general partner, Brookside Inc. Mr. W. Mitt
Romney is the sole shareholder, sole director, President and Chief Executive
Officer of Brookside Inc. and thus is the controlling person of Brookside Inc.
No person other than the respective owner referred to herein of shares of Common
Stock is known to have the right to receive or the power to direct the receipt
of dividends from or the proceeds from the sale of such shares of Common Stock.
Page 12 of 17
<PAGE>
As of the close of business on January 8, 1999, the Sankaty Fund owned
175,000 shares of Common Stock of the Company. The Sankaty Fund has the sole
power to vote and dispose of the shares of Common Stock. The Sankaty Fund acts
by and through its general partner, Sankaty Investors. Sankaty Investors acts
by and through its managing member, Sankaty Ltd. Mr. W. Mitt Romney is the sole
shareholder, a director, and President of Sankaty Ltd. and thus is the
controlling person of Sankaty Ltd. No person other than the respective owner
referred to herein of shares of Common Stock is known to have the right to
receive or the power to direct the receipt of dividends from or the proceeds
from the sale of such shares of Common Stock.
As of the close of business on January 8, 1999, Fund VI owned 242,670 shares
of Common Stock of the Company. Fund VI acts by and through its general
partner, Bain Partners VI. Bain Partners VI acts by and through its general
partner, Bain Investors VI. Mr. W. Mitt Romney is the sole shareholder, sole
director, Chief Executive Officer and President of Bain Investors VI
and thus is the controlling person of Bain Investors VI. No person other than
the respective owner referred to herein of shares of Common Stock is known to
have the right to receive or the power to direct the receipt of dividends from
or the proceeds from the sale of such shares of Common Stock.
As of the close of business on January 8, 1999, BCIP Associates II owned
47,544 shares of Common Stock of the Company, BCIP Associates II-B owned 8,759
shares of Common Stock of the Company and BCIP Associates II-C owned 11,418
shares of Common Stock of the Company. Each of the BCIP Entities act by and
through its managing partner, Bain Capital. Mr W. Mitt Romney is the sole
shareholder, sole director, Chief Executive Officer and President of Bain
Capital and thus is the controlling person of Bain Capital. No person other
than the respective owner referred to herein of shares of Common Stock is known
to have the right to receive or the power to direct the receipt of dividends
from or the proceeds from the sale of such shares of Common Stock.
As of the close of business on January 8, 1999, PEP owned 809 shares of
Common Stock of the Company. Mr. Timothy J. Sims, Mr. Rickard J. Gardell, Mr.
Simon D. Pillar and Mr. Paul J. McCullagh are the controlling persons of PEP. By
a power of attorney, PEP has appointed Bain Capital and each of its officers its
attorneys-in-fact, with full power and authority to act, with respect to certain
matters, including the right to vote and dispose of securities owned by PEP.
Item 4(b). PERCENT OF CLASS
As of the close of business on January 8, 1999, the Funds together owned
10.29% of the Common Stock outstanding of the Company. The aggregate percentage
of Common Stock reported owned by the Funds is based upon 26,686,759 shares of
Common Stock outstanding, which is the total number of Common Stock outstanding
as of December 15, 1998 based on representations made in the Company's quarterly
report on Form 10-Q filed with the Securities and Exchange Commission on
December 15, 1998.
Page 13 of 17
<PAGE>
Item 4(c). NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) sole power to vote or to direct the vote:
Brookside Fund: 2,259,800
Sankaty Fund: 175,000
Fund VI: 242,670
BCIP Associates II: 47,544
BCIP Associates II-B: 8,759
BCIP Associates II-C: 11,418
(ii) shared power to vote or to direct the vote:
PEP: 809
Bain Capital, Inc.: 809
(iii) sole power to dispose or to direct the disposition of:
Brookside Fund: 2,259,800
Sankaty Fund: 175,000
Fund VI: 242,670
BCIP Associates II: 47,544
BCIP Associates II-B: 8,759
BCIP Associates II-C: 11,418
(iv) shared power to dispose or to direct the disposition of:
PEP: 809
Bain Capital, Inc.: 809
Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not Applicable.
Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not Applicable.
Item 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
Not Applicable.
Page 14 of 17
<PAGE>
Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not Applicable.
Item 9. NOTICE OF DISSOLUTION OF GROUP
Not Applicable.
Page 15 of 17
<PAGE>
Item 10. CERTIFICATION
By signing below, the undersigned certifies that, to the best of its
knowledge and belief, the securities referred to above were not acquired
and are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not
acquired and are not held in connection with or as a participant in any
transaction having that purpose or effect.
Dated: January 11, 1999
BROOKSIDE CAPITAL PARTNERS FUND, L.P.
By: /s/ Domenic J. Ferrante
----------------------------------
Name: Domenic J. Ferrante
Title: Managing Director
SANKATY HIGH YIELD ASSET PARTNERS, L.P.
By: /s/ Jonathan S. Lavine
---------------------------------
Name: Jonathan S. Lavine
Title: Managing Director
BAIN CAPITAL FUND VI, L.P.
By: Bain Capital Partners VI, L.P.,
its general partner
By: Bain Capital Investors VI, Inc.,
its general partner
By: /s/ Joshua Bekenstein
----------------------------------
Name: Joshua Bekenstein
Title: Managing Director
Page 16 of 17
<PAGE>
BCIP ASSOCIATES II
BCIP ASSOCIATES II-B
BCIP ASSOCIATES II-C
By: Bain Capital, Inc.,
their Managing Partner
By: /s/ Joshua Bekenstein
---------------------------------------
Name: Joshua Bekenstein
Title: Managing Director
PEP INVESTMENTS PTY LTD.
By: Bain Capital, Inc.,
its attorney-in-fact*
By: /s/ Joshua Bekenstein
---------------------------------------
Name: Joshua Bekenstein
Title: Managing Director
BAIN CAPITAL, INC.
By: /s/ Joshua Bekenstein
---------------------------------------
Name: Joshua Bekenstein
Title: Managing Director
*Pursuant to a Power of Attorney, a copy of which is attached as Exhibit B.
Page 17 of 17
<PAGE>
Exhibit A
---------
AGREEMENT REGARDING THE JOINT FILING OF
SCHEDULE 13G
______________________________
The undersigned hereby agree as follows:
(i) Each of them is individually eligible to use the Schedule 13G to which
this Exhibit is attached, and such Schedule 13G is filed on behalf of each of
them; and
(ii) Each of them is responsible for the timely filing of such Schedule 13G
and any amendments thereto, and for the completeness and accuracy of the
information concerning such person contained therein; but none of them is
responsible for the completeness or accuracy of the information concerning the
other persons making the filing, unless such person knows or has reason to
believe that such information is inaccurate.
Date: January 11, 1999 BROOKSIDE CAPITAL PARTNERS FUND, L.P.
By: /s/ Domenic J. Ferrante
--------------------------------------
Name: Domenic J. Ferrante
Title: Managing Director
SANKATY HIGH YIELD ASSET PARTNERS, L.P.
By: /s/ Jonathan S. Lavine
--------------------------------------
Name: Jonathan S. Lavine
Title: Managing Director
BAIN CAPITAL FUND VI, L.P.
By: Bain Capital Partners VI, L.P.
its general partner
By: Bain Capital Investors VI, Inc.,
its general partner
By: /s/ Joshua Bekenstein
------------------------------------------
Name: Joshua Bekenstein
Title: Managing Director
<PAGE>
BCIP ASSOCIATES II
BCIP ASSOCIATES II-B
BCIP ASSOCIATES II-C
By: Bain Capital, Inc.
their Managing Partner
By: /s/ Joshua Bekenstein
------------------------------------------
Name: Joshua Bekenstein
Title: Managing Director
PEP INVESTMENTS PTY LTD.
By: Bain Capital, Inc.
its attorney-in-fact*
By: /s/ Joshua Bekenstein
------------------------------------------
Name: Joshua Bekenstein
Title: Managing Director
BAIN CAPITAL, INC.
By: /s/ Joshua Bekenstein
-------------------------------------------
Name: Joshua Bekenstein
Title: Managing Director
*Pursuant to a Power of Attorney, a copy of which is attached as Exhibit B.
<PAGE>
EXHIBIT B
---------
IRREVOCABLE POWER OF ATTORNEY
-----------------------------
August 17, 1999
Bain Capital, Inc.
2 Copley Place, 7th Floor
Boston, MA 02116
Dear Sirs:
KNOW ALL PERSONS BY THESE PRESENTS THAT:
1. Appointment of Attorneys-in-Fact; Grant of Authority. The undersigned
----------------------------------------------------
hereby irrevocably makes, constitutes, and appoints Bain Capital, Inc. and each
officer of Bain Capital, Inc. and each of them acting singly, as the true and
lawful agents and attorneys-in-fact of the undersigned (each, an "Attorney-in-
Fact" and, collectively, the "Attorneys-in-Fact"), with full power and authority
to act hereunder, individually or collectively in his, its or their sole
discretion (it being understood and agreed that the Attorneys-in-Fact may,
unless otherwise specified herein, act individually) all as hereinafter
provided, in the name of and for and on behalf of the undersigned, as fully as
could the undersigned if present and acting in person, with respect to all
matters in connection with the securities of portfolio companies (the "Portfolio
Companies") of Bain Capital Fund VI, L.P. (together with any parallel
partnerships, the "Fund") held by the undersigned, including, without
limitation, the power and authority to:
(a) vote the securities of the Portfolio Companies of the Fund from time
to time owned by the undersigned;
(b) execute, attest, witness, endorse and file such instruments,
contracts, agreements, consents, waivers and other documents; and
(c) approve, execute and deliver on behalf of the undersigned any and
all documents, instruments and agreements relating to any of the Portfolio
Companies (including but not limited to stockholders agreements and sale
agreements), as the Attorneys-in-Fact or any one of them acting
individually may, in their sole discretion, approve, the execution and
delivery thereof by the Attorneys-in-Fact, or any one of them acting
individually, to be conclusive evidence with respect to their approval
thereof;
(d) make any and all decisions in respect of, and take or cause to be
taken, any and all further actions, and execute and deliver, or cause to
be executed and delivered, any and all such documents, instruments and
agreements, with such changes as the Attorneys-in-Fact or any one of them
acting individually may, in their sole discretion, approve (such approval
to be evidenced by their signature thereof), as may be necessary or deemed
to be desirable by the Attorneys-in-Fact or any one of them acting
individually.
<PAGE>
2. Irrevocability. The undersigned has conferred and granted the powers
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of attorney and all other authority contained herein in connection with
securities of the Portfolio Companies. Therefore, the undersigned hereby agrees
that all power and authority hereby conferred is coupled with an interest and is
irrevocable; and to the extent not prohibited by law shall not be terminated by
any act of the undersigned or by operation of law or by the occurrence of any
event whatsoever, including, without limitation, the liquidation, dissolution,
bankruptcy, or insolvency of the undersigned or any similar event.
3. Warranties and Agreements. The undersigned represents, warrants and
-------------------------
agrees that:
(a) all authorizations and consents necessary for the execution and
delivery by the undersigned of this Irrevocable Power of Attorney have
been given and are in full force and effect; and the undersigned has full
right, power and authority to enter into this Irrevocable Power of
Attorney;
(b) the foregoing representations, warranties and agreements are for the
benefit of, and may be relied upon by, the Attorneys-in-Fact and their
counsel. The undersigned agrees that the representations, warranties and
agreements herein contained shall also be true and correct and in full
force and effect through the termination date of the Fund and will
immediately notify the Attorneys-in-Fact of any default under or breach of
this Irrevocable Power of Attorney (or of any event which, with notice or
the lapse of time or both would constitute such a default or breach), and
in the event any representation or warranty contained herein shall not be
true or correct; provided, however, that nothing contained herein shall in
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any way affect the obligation of the undersigned hereunder to maintain
such representations and warranties as true and correct and in full force
and effect through the termination date of the Fund.
4. Release. The undersigned hereby agrees to release the Attorneys-in-
-------
Fact and each of them from any and all liabilities, joint or several, to which
they or any of them may become subject insofar as such liabilities (or action in
respect thereof) arise out of or are based upon any action taken or omitted to
be taken by the Attorneys-in-Fact or any one of them acting individually
pursuant hereto, unless such liabilities shall be the direct result solely of
the bad faith of the Attorneys-in-Fact. This Paragraph 4 shall survive any
termination of this Irrevocable Power of Attorney.
5. Termination. This Irrevocable Power of Attorney shall terminate on
-----------
the date on which the Fund terminates.
6. Governing Law. This Irrevocable Power of Attorney shall be governed
-------------
by, and construed in accordance with, the laws of the State of Delaware.
7. Assignment. This Irrevocable Power of Attorney shall be binding upon
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and inure to the benefit of the undersigned and its successors and assigns,
except that the undersigned shall
<PAGE>
not have the right to assign its rights or obligations hereunder without the
prior written consent of each of the Attorneys-in-Fact.
8. Counterparts. This Irrevocable Power of Attorney may be executed in
------------
one or more counterparts, and by the different parties hereto in separate
counterparts, each of which when executed shall be deemed to be an original but
all of which taken together shall constitute one and the same instrument.
<PAGE>
IN WITNESS WHEREOF, the undersigned has executed this Irrevocable Power of
Attorney effective as of August 17, 1998.
PEP Investments Pty Limited
By: /s/ Timothy J. Sims
------------------------------------
Managing Partner
Bain Capital, Inc. hereby accepts the appointment as Attorney-in-Fact
pursuant to the foregoing Irrevocable Power of Attorney attached hereto, and
agrees to abide by, and act in accordance with, the terms of said Irrevocable
Power of Attorney.
BAIN CAPITAL, INC.
By: /s/ Joshua Bekenstein
--------------------------------------
Name: Joshua Bekenstein
Title: Managing Director
