SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 12
TO
SCHEDULE 13E-3
RULE 13E-3 TRANSACTION STATEMENT
(PURSUANT TO SECTION 13(e) OF THE SECURITIES EXCHANGE ACT OF 1934)
GLEASON CORPORATION
(Name of Issuer)
GLEASON CORPORATION
TORQUE ACQUISITION CO., L.L.C.
TORQUE MERGER SUB, INC.
JAMES S. GLEASON EDWARD J. PELTA
DAVID J. BURNS JOHN W. PYSNACK
JOHN J. PERROTTI GARY J. KIMMET
JOHN J. PERROTTI AS CUSTODIAN FOR JOHN J. PERROTTI AS CUSTODIAN FOR
JASON PERROTI UNDER THE NEW YORK CHRISTINE J. PERROTTI UNDER THE
UNIFORM GIFT TO MINORS ACT NEW YORK UNIFORM GIFT TO MINORS ACT
(Name of Person(s) Filing Statement)
COMMON STOCK, PAR VALUE $1.00 PER SHARE
(Title of Class of Securities)
377339 10 6
(CUSIP Number of Class of Securities)
-----------
EDWARD J. PELTA, ESQ.
VICE PRESIDENT, GENERAL COUNSEL AND SECRETARY
GLEASON CORPORATION
1000 UNIVERSITY AVENUE
P.O. BOX 22970
ROCHESTER, NEW YORK 14692
TELEPHONE: (716) 473-1000
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications on Behalf of Person(s) Filing Statement)
COPY TO: AND TO:
Blaine V. Fogg, Esq. David L. Finkelman, Esq.
Skadden, Arps, Slate, Meagher & Flom LLP Stroock & Stroock & Lavan LLP
Four Times Square 180 Maiden Lane
New York, New York 10036 New York, New York 10038
Telephone: (212) 735-3000 Telephone:(212) 806-5400
THIS TRANSACTION HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND
EXCHANGE COMMISSION NOR HAS THE COMMISSION PASSED UPON THE FAIRNESS OR MERITS
OF SUCH TRANSACTION NOR UPON THE ACCURACY OR ADEQUACY OF THE INFORMATION
CONTAINED IN THIS DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL.
This statement is filed in connection with (check the appropriate
box):
a. |_| The filing of solicitation materials or an information statement
subject to Regulation 14A, Regulation 14C, or Rule 13e-3(c) under
the Securities Exchange Act of 1934.
b. |_| The filing of a registration statement under the Securities Act
of 1933.
c. |X| A tender offer.
d. |_| None of the above.
Check the following box if the soliciting materials or information
statement referred to in checking box (a) are preliminary copies. |_|
CALCULATION OF FILING FEE:
Transaction Valuation Amount of Filing Fee*
$193,509,856 $38,702
* Estimated for purposes of calculating the amount of the filing fee only.
The amount assumes the purchase of 8,413,472 shares of common stock, par
value $1.00 per share (the "Shares"), of Gleason Corporation, a Delaware
corporation (the "Company"), at a price of $23.00 per Share in cash. As of
November 30, 1999, there were 9,589,195 Shares issued and outstanding.
Certain stockholders of the Company, owning in the aggregate (1) 1,458,983
Shares and (2) 472,322 unexercised options to acquire Shares under various
employee stock option plans of the Company as of November 30, 1999, have
agreed not to tender their Shares (which in the aggregate total 1,931,305
Shares, including Shares underlying options) pursuant to the Offer. Based
on the foregoing, the maximum number of Shares available to be tendered
pursuant to the Offer is 8,413,472 Shares, which is equal to the number of
Shares outstanding on a fully diluted basis as of November 30, 1999 less
the aggregate number of Shares and options to acquire Shares owned by the
non-tendering stockholders. The amount of the filing fee calculated in
accordance with Rule 0-11 of the Securities Exchange Act of 1934, as
amended, equals 1/50th of one percent of the value of the transaction.
|_| Check box if any part of the fee is offset as provided by Rule
0-11(a)(2) and identify the filing with which the offsetting fee was
previously paid. Identify the previous filing by registration statement
number, or the form or schedule and the date of its filing.
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Amount previously paid: $38,702 Filing party: Torque Acquisition Co., L.L.C.
Form or registration no.: Schedule 14D-1 Date filed: December 15, 1999
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INTRODUCTION
This Amendment No. 12 to the Rule 13e-3 Transaction Statement
on Schedule 13E-3 amends and supplements the Rule 13e-3 Transaction
Statement on Schedule 13E-3 (the "Schedule 13E-3") originally filed on
December 15, 1999 by Gleason Corporation, a Delaware corporation (the
"Company"), the issuer of the equity securities which are the subject of a
Rule 13e-3 transaction, Torque Acquisition Co., L.L.C., a Delaware limited
liability company and wholly owned subsidiary of Vestar Capital Partners
IV, L.P. ("Acquisition Company"), Torque Merger Sub, Inc., a Delaware
corporation and wholly owned subsidiary of Acquisition Company ("Merger
Subsidiary"), and certain stockholders of the Company in connection with a
joint offer by the Company and Acquisition Company (the "Offer") to
purchase all of the outstanding shares of common stock, par value $1.00 per
share, of the Company (the "Common Stock"), together with the associated
preferred share purchase rights (the "Rights" and, together with the Common
Stock, the "Shares"), at a purchase price of $23.00 per Share, net to the
seller in cash, without interest thereon, upon the terms and subject to the
conditions set forth in the Offer to Purchase, dated December 15, 1999, the
supplement thereto, dated February 4, 2000, and the related Letter of
Transmittal. Capitalized terms used but not defined herein shall have the
meanings assigned to them in the Schedule 14D-1. The Company, Acquisition
Company, Merger Subsidiary, James S. Gleason, David J. Burns, John J.
Perrotti, John J. Perrotti as Custodian for Jason Perrotti under the New
York Uniform Gift to Minors Act, John J. Perrotti as Custodian for
Christine J. Perrotti under the New York Uniform Gift to Minors Act, Edward
J. Pelta, John W. Pysnack and Gary J. Kimmet hereby amend and supplement
the Schedule 13E-3 as follows:
ITEM 7. CONTRACTS, ARRANGEMENTS OR UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO THE SUBJECT COMPANY'S SECURITIES.
Item 7 is hereby amended and supplemented as follows:
On March 1, 2000, the Company mailed a definitive proxy
statement, dated March 1, 2000, to stockholders in connection with a
special meeting of stockholders to consider a proposal to approve and adopt
the Merger Agreement, as amended, and a proposal to amend and restate the
certificate of incorporation of the Company to, among other things, (a)(i)
decrease the maximum number of authorized shares of Common Stock from
20,000,000 to 15,000,000 shares, consisting of 10,000,000 shares of voting
Common Stock and 5,000,000 shares of non-voting Common Stock and (ii)
increase the maximum number of authorized shares of preferred stock of the
Company from 500,000 to 3,000,000 shares, and (b) set forth the terms of
the Company's 13.17% Series A Cumulative Redeemable Preferred Stock. A copy
of the definitive proxy statement is attached hereto as Exhibit (a)(7) and
is incorporated herein by reference.
ITEM 17. MATERIAL TO BE FILED AS EXHIBITS.
Item 17 is hereby amended and supplemented by the addition of
the following exhibit thereto:
(a)(7) Definitive Proxy Statement, dated March 1, 2000, of Gleason
Corporation (incorporated herein by reference to the Definitive
Proxy Statement on Schedule 14A filed by Gleason Corporation on
March 1, 2000).
SIGNATURE
After due 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: March 2, 2000
GLEASON CORPORATION
By: /s/ Edward J. Pelta
-------------------
Name: Edward J. Pelta
Title: Vice President, General Counsel
and Secretary
/s/ James S. Gleason
--------------------
James S. Gleason
/s/ David J. Burns
------------------
David J. Burns
/s/ John J. Perrotti
--------------------
John J. Perrotti
/s/ John J. Perrotti
--------------------
John J. Perrotti,
as Custodian for Jason Perrotti
under the New York Uniform Gift
to Minors Act
/s/ John J. Perrotti
--------------------
John J. Perrotti,
as Custodian for Christine J. Perrotti
under the New York Uniform Gift
to Minors Act
/s/ Edward J. Pelta
-------------------
Edward J. Pelta
/s/ John W. Pysnack
-------------------
John W. Pysnack
/s/ Gary J. Kimmet
------------------
Gary J. Kimmet
TORQUE ACQUISITION CO., L.L.C.
By: /s/ Sander M. Levy
Name: Sander M. Levy
Title: President
TORQUE MERGER SUB, INC.
By: /s/ Sander M. Levy
Name: Sander M. Levy
Title: President
EXHIBIT INDEX
Exhibit No. Description
(a)(7) Definitive Proxy Statement, dated March 1, 2000, of Gleason
Corporation (incorporated herein by reference to the Definitive
Proxy Statement on Schedule 14A filed by Gleason Corporation on
March 1, 2000).
