UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
MASCOTECH, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
574670 10 5
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(CUSIP Number)
Jonathan A. Schaffzin, Esq.
Cahill Gordon & Reindel
80 Pine Street,
New York, NY 10005
(212) 701-3000
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
December 15, 2000
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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 ss.240.13d-1(e), 240.13d-1(f) or 240.13d-(1)(g), check the
following box / /.
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 1 of 11
<PAGE>
SCHEDULE 13D
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CUSIP No. 574670 10 5
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
HEARTLAND INDUSTRIAL ASSOCIATES L.L.C.
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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
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States (Delaware)
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7 SOLE VOTING POWER
NUMBER OF 17,527,522*
SHARES
-------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY None
EACH
REPORTING
-------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
17,527,522*
-------------------------------------------------
10 SHARED DISPOSITIVE POWER
None
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
17,527,522*
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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)
41.9%
(subject to increase based on holders of outstanding
restricted stock of MascoTech electing to
receive cash in lieu of restricted stock in
accordance with the restricted stock
incentive plans)
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14 TYPE OF REPORTING PERSON
00 (Limited Liability Company)
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----------
* By virtue of being the general partner of each of the other Reporting
Persons filing this Schedule 13D.
Page 2 of 11
<PAGE>
SCHEDULE 13D
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CUSIP No. 574670 10 5
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
HEARTLAND INDUSTRIAL PARTNERS (FF), L.P.
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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
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States (Delaware)
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7 SOLE VOTING POWER
NUMBER OF 194,204*
SHARES
-------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY None
EACH
REPORTING
-------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
194,204*
-------------------------------------------------
10 SHARED DISPOSITIVE POWER
None
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
194,204*
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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)
0.5%
(subject to increase based on holders of outstanding
restricted stock of MascoTech electing to
receive cash in lieu of restricted stock in
accordance with the restricted stock
incentive plans)
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14 TYPE OF REPORTING PERSON
00 (Limited Partnership)
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----------
* Exercised by the Reporting Person's general partner, Heartland Industrial
Associates L.L.C.
Page 3 of 11
<PAGE>
SCHEDULE 13D
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CUSIP No. 574670 10 5
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
HEARTLAND INDUSTRIAL PARTNERS (E1), L.P.
--------------------------------------------------------------------------------
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
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States (Delaware)
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7 SOLE VOTING POWER
NUMBER OF 329,821*
SHARES
-------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY None
EACH
REPORTING
-------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
329,821*
-------------------------------------------------
10 SHARED DISPOSITIVE POWER
None
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
329,821*
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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)
0.8%
(subject to increase based on holders of outstanding
restricted stock of MascoTech electing to
receive cash in lieu of restricted stock in
accordance with the restricted stock
incentive plans)
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14 TYPE OF REPORTING PERSON
00 (Limited Partnership)
--------------------------------------------------------------------------------
----------
* Exercised by the Reporting Person's general partner, Heartland Industrial
Associates L.L.C.
Page 4 of 11
<PAGE>
SCHEDULE 13D
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CUSIP No. 574670 10 5
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
HEARTLAND INDUSTRIAL PARTNERS (K1), L.P.
--------------------------------------------------------------------------------
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
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States (Delaware)
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7 SOLE VOTING POWER
NUMBER OF 153,510*
SHARES
-------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY None
EACH
REPORTING
-------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
153,510*
-------------------------------------------------
10 SHARED DISPOSITIVE POWER
None
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
153,510*
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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)
0.4%
(subject to increase based on holders of outstanding
restricted stock of MascoTech electing to
receive cash in lieu of restricted stock in
accordance with the restricted stock
incentive plans)
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14 TYPE OF REPORTING PERSON
00 (Limited Partnership)
--------------------------------------------------------------------------------
----------
* Exercised by the Reporting Person's general partner, Heartland Industrial
Associates L.L.C.
Page 5 of 11
<PAGE>
SCHEDULE 13D
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CUSIP No. 574670 10 5
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
HEARTLAND INDUSTRIAL PARTNERS (C1), L.P.
--------------------------------------------------------------------------------
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
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States (Delaware)
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7 SOLE VOTING POWER
NUMBER OF 153,510*
SHARES
-------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY None
EACH
REPORTING
-------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
153,510*
-------------------------------------------------
10 SHARED DISPOSITIVE POWER
None
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
153,510*
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4%
(subject to increase based on holders of outstanding
restricted stock of MascoTech electing to
receive cash in lieu of restricted stock in
accordance with the restricted stock
incentive plans)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
00 (Limited Partnership)
--------------------------------------------------------------------------------
----------
* Exercised by the Reporting Person's general partner, Heartland Industrial
Associates L.L.C.
Page 6 of 11
<PAGE>
SCHEDULE 13D
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CUSIP No. 574670 10 5
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
HEARTLAND INDUSTRIAL PARTNERS, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States (Delaware)
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7 SOLE VOTING POWER
NUMBER OF 16,696,477*
SHARES
-------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY None
EACH
REPORTING
-------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
16,696,477*
------------------------------------------------
10 SHARED DISPOSITIVE POWER
None
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,696,477*
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
39.9%
(subject to increase based on holders of outstanding
restricted stock of MascoTech electing to
receive cash in lieu of restricted stock in
accordance with the restricted stock
incentive plans)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
00 (Limited Partnership)
----------
* Exercised by the Reporting Person's general partner, Heartland Industrial
Associates L.L.C.
Page 7 of 11
<PAGE>
The information contained in this Amendment No. 1 supplements and amends
the information contained in the following Items of Schedule 13D filed by the
Reporting Heartland Entities (as defined below) relating to the Common Stock,
par value $1.00 per share of MascoTech, Inc., a Delaware corporation
("MascoTech").
This Statement is being filed jointly on behalf of Heartland Industrial
Associates L.L.C., a Delaware limited liability company ("HIA"), Heartland
Industrial Partners (FF), L.P., a Delaware limited partnership ("HIPFF"),
Heartland Industrial Partners (E1), L.P., a Delaware limited partnership
("HIPE1"), Heartland Industrial Partners (K1), L.P., a Delaware limited
partnership ("HIPK1"), Heartland Industrial Partners (C1), L.P., a Delaware
limited partnership ("HIPC1"), and Heartland Industrial Partners, L.P., a
Delaware limited partnership ("HIP" and, collectively with HIA, HIPFF, HIPE1,
HIPK1 and HIPC1, the "Reporting Heartland Entities").
Item 2. Identity and Background.
HIA is the general partner of each of the Reporting Heartland Entities.
David A. Stockman is the managing member of HIA. With respect to HIP matters
unrelated to the disposition or voting of the shares of common stock of
MascoTech, Mr. Stockman shares with the other members of HIA and the other
senior managing directors of HIP certain authority.
The principal business and office address of each of the Reporting
Heartland Entities and David A. Stockman is 55 Railroad Avenue, Greenwich, CT
06830.
The principal business of each of the Reporting Heartland Entities is to
focus on investments in industrial companies. David A. Stockman's principal
occupation is Senior Managing Director of HIP.
During the last five years, none of the Reporting Heartland Entities or
David A. Stockman has been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or has been a party to a civil proceeding of
a judicial or administrative body of competent jurisdiction and as a result of
such proceeding was or is subject to 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.
Item 3. Source and Amount of Funds or Other Consideration.
Prior to the recapitalization referred to in Item 4 below, the limited
partners, general partner and members, as applicable, of each of the Reporting
Heartland Entities contributed an aggregate of $207,215,141.90 to the Reporting
Heartland Entities, which contributed such amount to Riverside Acquisition
Corporation in exchange for an aggregate of 12,261,251 shares of common stock of
Riverside Acquisition Corporation. In connection with such recapitalization,
Riverside Acquisition Corporation merged with and into MascoTech, with MascoTech
surviving the merger and each share of Riverside Acquisition Corporation
converting into one share of common stock of MascoTech. As a result of such
merger, the Reporting Heartland Entities acquired an aggregate of 12,261,251
shares of common stock of MascoTech.
Prior to the Simpson merger referred to in Item 4 below, the limited
partners, general partners and members, as applicable, of each of the Reporting
Heartland Entities contributed an aggregate of $89,000,030.65 to the Reporting
Heartland Entities, which contributed such amount to MascoTech in exchange for
an aggregate of 5,266,271 shares of common stock of MascoTech.
Page 8 of 11
<PAGE>
Item 4. Purpose of the Transaction.
The Reporting Heartland Entities acquired common stock of MascoTech in
connection with the recapitalization of MascoTech consummated on November 28,
2000 pursuant to the Recapitalization Agreement dated as of August 1, 2000, as
amended, between MascoTech, Inc. and Riverside Acquisition Corporation, an
affiliate of the Reporting Heartland Entities. The recapitalization, the
Recapitalization Agreement and the transactions contemplated thereby are more
fully described in MascoTech's Statement on Schedule 13E-3 and Definitive Proxy
Statement on Schedule 14A, each previously filed with the Securities and
Exchange Commission on October 26, 2000 and incorporated by reference into this
Item 4.
The Reporting Heartland Entities consummated the recapitalization in order
to acquire control of MascoTech and, thereafter, to seek to cause MascoTech,
together with other industrial companies to be acquired by HIP and its
affiliates in the future, to form full-service providers of engineered metal
products for automotive and industrial customers. The investments by the
Reporting Heartland Entities in MascoTech are in furtherance of HIP's and its
affiliates' strategy to buy, build and grow industrial companies in sectors that
are attractive for consolidation and long-term growth.
On December 15, 2000, the Reporting Heartland acquired common stock of
MascoTech in connection with the merger (the "Simpson merger") of a subsidiary
of MascoTech with and into Simpson Industries, Inc. ("Simpson") pursuant to a
merger agreement among Simmer Acquisition Company LLC ("SACLLC"), an entity
controlled by HIP, Simmer Acquisition Corporation ("SAC"), a wholly owned
subsidiary of SACLLC, and Simpson. Prior to such merger, SACLLC transferred the
common stock of SAC to a wholly owned subsidiary of MascoTech. The Heartland
Reporting Entities provided a portion of the equity financing to MascoTech in
exchange for additional shares of common stock of MascoTech in order to
consummate such merger.
The Heartland Reporting Entities intend to review from time to time
MascoTech's business affairs and financial position. Based on such evaluation
and review, the Heartland Reporting Entities may consider from time to time
various strategic alternatives. Subject to the Shareholders Agreement (as
described in Item 6), such actions may include, among other things, the
acquisition of additional shares of common stock through the exercise of
preemptive rights or in connection with providing additional equity financing.
Item 5. Interest in Securities in MascoTech, Inc.
(a)-(c) At the close of business on December 15, 2000 and after the
consummation of the Simpson merger described in Items 3 and 4, the Reporting
Heartland Entities beneficially owned (and have sole power to vote and sole
power to dispose of) an aggregate of 17,527,522 shares of common stock,
representing approximately 41.9% of the outstanding common stock. David A.
Stockman and the other members of HIA may be deemed to be the beneficial owner
of the securities held by the Reporting Heartland Entities. David A. Stockman
and such members disclaim such beneficial ownership. The ownership of each of
the Reporting Heartland Entities is set forth in the following table:
<TABLE>
<CAPTION>
Shares of
Shareholder Common Stock Percent
----------- ------------ -------
<S> <C> <C>
Heartland Industrial Associates
L.L.C. 17,527,522 41.9*
----------
* By virtue of being the general partner of each of the other Reporting
Persons filing this Schedule 13D.
Page 9 of 11
<PAGE>
Shares of
Shareholder Common Stock Percent
----------- ------------ -------
Heartland Industrial Partners (FF),
L.P. 194,204 0.5
Heartland Industrial Partners
(E1), L.P. 329,821 0.8
Heartland Industrial Partners
(K1), L.P. 153,510 0.4
Heartland Industrial Partners
(C1), L.P. 153,510 0.4
Heartland Industrial Partners,
L.P. 16,696,477 39.9
</TABLE>
The foregoing percentages are based on 41,839,672 shares of common stock of
MascoTech outstanding on December 15, 2000 immediately following the Simpson
merger, assuming vesting of all restricted stock awards of MascoTech. The
foregoing percentages are subject to increase based on holders of outstanding
restricted stock of MascoTech electing to receive cash in lieu of restricted
stock in accordance with the restricted stock incentive plans.
By virtue of the Shareholders Agreement described in Item 6 hereto, the
Reporting Heartland Entities may be deemed to be a group with all of the
shareholders that are a party to such agreement. As of December 15, 2000, the
shareholders party to the Shareholders Agreement beneficially owned 37,830,422
shares of common stock of MascoTech, representing approximately 90.4% of the
outstanding common stock of MascoTech. The Heartland Reporting Entities disclaim
such beneficial ownership.
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities
of MascoTech.
The Shareholders Agreement described on the original Schedule 13D for the
Heartland Reporting Entities remains in effect and has not in any way been
amended, except that Graham Partners Investments, L.P., Graham Partners
Investments (A), L.P. and Graham Partners Investments (B) L.P. have joined the
shareholders agreement pursuant to a joinder agreement dated December 15, 2000.
Page 10 of 11
<PAGE>
Signatures
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: December 21, 2000
Heartland Industrial Associates L.L.C.
Heartland Industrial Partners (FF), L.P.,
Heartland Industrial Partners (E1), L.P.,
Heartland Industrial Partners (K1), L.P.,
Heartland Industrial Partners (C1), L.P.,
Heartland Industrial Partners, L.P.
By: /s/David A. Stockman
---------------------
David A. Stockman
Page 11 of 11
