UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
------------
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. 1)*
GP Strategies Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
36225V104
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(CUSIP Number)
Scott B. Bernstein, Esq., Caxton Corporation, 315 Enterprise Drive,
Plainsboro, New Jersey 08536 (609) 936-2580
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 7, 1999
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(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box |_|.
Note. Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. See Rule
13d-7(b) for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 9 Pages)
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* 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 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>
CUSIP No. 36225V104 SCHEDULE 13D Page 2 of 9 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Caxton International Limited
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
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7 SOLE VOTING POWER
0
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 628,400
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
628,400
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
628,400
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.71%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 36225V104 SCHEDULE 13D Page 3 of 9 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
GDK, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
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7 SOLE VOTING POWER
0
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 59,500
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
59,500
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
59,500
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.54%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 36225V104 SCHEDULE 13D Page 4 of 9 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Bruce S. Kovner
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
Not Applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
0
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 687,900
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
687,900
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
687,900
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.25%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
This Amendment 1 to Schedule 13D relates to the Common Stock, par value
$.01 per share (the "Common Stock"), of GP Strategies Corporation, 9 West 57th
Street, New York, NY 10019 beneficially owned by Caxton International Limited
and GDK, Inc.
Item 3: Source and Amount of Funds or Other Consideration.
Item 3 of the Schedule 13D is hereby amended and supplemented by inserting
the following paragraph at the end thereof:
Since July 29, 1999 an aggregate of $1,600,225 (excluding commissions, if
any) was paid in a series of transactions pursuant to which Caxton International
acquired an additional 146,800 shares of Common Stock. All of the foregoing
amounts were paid out of Caxton International's working capital.
Item 4: Purpose of Transaction.
Item 4 of the Schedule 13D is hereby amended by adding the following
paragraph:
On October 6, 1999, the Company announced that its Board of
Directors had approved a merger with VS & A Communications Partners III, L.P.,
in which holders of the Common Stock and Class B Capital Stock will receive
$13.75 per share payable in cash upon consummation of the merger. Certain
members of the Company management are participating in the transaction and have
agreed to vote in favor of the merger. The persons filing this report reserve
the right to oppose the proposed merger if the terms are not considered to be
adequate.
Item 5: Interest in Securities of the Issuer.
Item 5, subparagraph (a) is hereby amended by replacing the first two
sentences thereof with the following:
(a) Caxton International beneficially owns 628,400 shares of Common
Stock, representing approximately 5.71% of the total shares of Common Stock
issued and outstanding. GDK beneficially owns 59,500 shares of the Common Stock,
representing approximately 0.54% of the total shares of Common Stock issued and
outstanding.
Item 5, subparagraph (c) of the Schedule 13D is hereby amended and
supplemented by adding the following paragraph at the end thereof:
<PAGE>
(c) Caxton International acquired the additional shares of Common
Stock in a series of open market transactions effected primarily with
independent brokers and, to a lesser extent, directly with market makers
utilizing the NASDAQ System, between July 29, 1999 and October 7, 1999.
See Exhibit B for disclosure of (1) the date, (2) the price and (3) the
amount of shares purchased by Caxton International during the past 60
days. See Exhibit C for the disclosure of (1) the date, (2) the price and
(3) the amount of shares of Common Stock sold by GDK during the past 60
days.
After reasonable inquiry and to the best of the undersigneds' knowledge
and belief, the undersigned certify that the information set forth in this
statement is true, complete and correct.
October 12, 1999 CAXTON INTERNATIONAL LIMITED
By: /s/ William J. Anderson
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Name: William J. Anderson
Title: Director
By: /s/ Maxwell Quin
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Name: Maxwell Quin
Title: Secretary
/s/ Bruce S. Kovner
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Bruce S. Kovner, by /s/Peter D'Angelo as
Attorney-in-Fact
GDK, Inc.
By: /s/ William J. Anderson
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Name: William J. Anderson
Title: Director
By: /s/ Maxwell Quin
-------------------------------------------
Name: Maxwell Quin
Title: Secretary
<PAGE>
Exhibit A
Item 7: JOINT ACQUISITION STATEMENT
PURSUANT TO RULE 13d-1(k)(1)
The Joint Acquisition Statement between Caxton International Limited, Bruce S.
Kovner, and GDK, Inc, dated August 4, 1999, pursuant to Rule 13d-1(k)
promulgated under the Exchange Act, (incorporated herein by reference to the
Schedule 13D filed with the Commission on August 6, 1999).
<PAGE>
Exhibit B
Caxton International Limited
No of Shares Price per Share
Trade Date Purchased(Sold) (Excluding Commission)
8/11/99 9700 7.9807
8/16/99 4800 8.5
8/20/99 1900 7.9375
8/26/99 600 7.875
9/1/99 48000 10.6628
9/2/99 12000 11.1526
9/3/99 3100 11.1875
9/8/99 3000 10.875
9/14/99 7200 10.8229
9/15/99 3600 10.8125
9/15/99 100 11.0625
9/16/99 7100 11
9/21/99 1000 11.25
10/4/99 2700 10.75
10/6/99 500 12.375
10/7/99 41500 12.2105
<PAGE>
Exhibit C
GDK, Inc.
No of Shares Price per Share
Trade Date Purchased(Sold) (Excluding Commission)
8/16/99 (4300) 8.3125
8/16/99 (200) 8.3125
8/17/99 (3000) 8.5625
8/17/99 (1300) 8.5625
8/18/99 (5900) 8.5
8/24/99 (4800) 7.8125
10/6/99 (2300) 10.6875
10/7/99 (2100) 12.1875
