<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
(Amendment No. 2)
Under the Securities Exchange Act of 1934
Golden Books Family Entertainment, Inc.
(Name of Issuer)
Common Stock, par value
(Title of Class of Securities)
380804104
(CUSIP Number)
Reuben S. Leibowitz
E.M. Warburg Pincus & Co., Inc.
466 Lexington Avenue
New York, New York 10017
(212) 878-0600
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
- with a copy to -
Laurence D. Weltman, Esq.
Willkie Farr & Gallagher
153 East 53rd Street
New York, New York 10022
March 1, 1997
(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(b)(3) or (4), check the following box o.
- --------------------------------------------------------------------------------
Check the following box if a fee is being paid with the statement (A fee is
not required only if the reporting person: (1)
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has a previous statement on file reporting beneficial ownership of more than
five percent of the class of securities described in Item 1; and (2) has filed
no amendment subsequent thereto reporting beneficial ownership of five percent
or less of such class.) (See Rule 13d-7.)
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SCHEDULE 13D
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CUSIP No. 380804104 Page 2 of 7 Pages
---------- -------- -----
- ------------------- -------------------------------
- ----------- -------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus Ventures, L.P. I.D. # 13-3784037
- ----------- -------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
|_|
(b)
|X|
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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 PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------- --------- -----------------------------------------------
7 SOLE VOTING POWER
0
--------- -----------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 11,276,771
BENEFICIALLY --------- -----------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING --------- -----------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 6,500,000
- ----------- -------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
11,276,771
- ----------- -------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- ----------- -------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
34.7%
- ----------- -------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ----------- -------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
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CUSIP No 380804104 Page 3 of 7 Pages
--------- -------- ------
- ------------------ -------------------------------
- ----------- -------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus & Co. I.D. # 13-6358475
- ----------- -------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
|_|
(b)
|X|
- ----------- -------------------------------------------------------------------
3 SEC USE ONLY
- ----------- -------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- ----------- -------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- ----------- -------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------- --------- -----------------------------------------------
7 SOLE VOTING POWER
0
--------- -----------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 11,276,771
BENEFICIALLY --------- -----------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH
REPORTING --------- -----------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 6,500,000
- ----------- -------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
11,276,771
- ----------- -------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- ----------- -------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
34.7%
- ----------- -------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ----------- -------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
<PAGE>
SCHEDULE 13D
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CUSIP No 380804104 Page 4 of 7 Pages
--------- -------- -----
- ------------------ -------------------------------
- ----------- -------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Golden Press Holding, L.L.C.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
|_|
(b)
|X|
- ----------- -------------------------------------------------------------------
3 SEC USE ONLY
- ----------- -------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- ----------- -------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- ----------- -------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------- --------- -----------------------------------------------
7 SOLE VOTING POWER
0
--------- -----------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 11,276,771
BENEFICIALLY --------- -----------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH
REPORTING --------- -----------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 6,500,000
- ----------- -------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
11,276,771
- ----------- -------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- ----------- -------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
34.7%
- ----------- -------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ----------- -------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
<PAGE>
SCHEDULE 13D
- ------------------- ------------------------------
CUSIP No. 380804104 Page 5 of 7 Pages
--------- -------- -------
- ------------------- ------------------------------
- ----------- -------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
E.M. Warburg, Pincus & Co., LLC I.D. # 13-3536050
- ----------- -------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
|_|
(b)
|X|
- ----------- -------------------------------------------------------------------
3 SEC USE ONLY
- ----------- -------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- ----------- -------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- ----------- -------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------- --------- -----------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------- -----------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 11,276,771
OWNED BY --------- -----------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON --------- -----------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
6,500,000
- ----------- -------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
11,276,771
- ----------- -------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- ----------- -------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
34.7%
- ----------- -------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ----------- -------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
<PAGE>
This Amendment No. 2 amends the Schedule 13D filed by the Reporting
Entities on February 13, 1996, as amended by Amendment No. 1 filed by the
Reporting Entities on May 16, 1996 (together, the "Schedule 13D"), relating to
the Common Stock, par value $0.01 per share (the "Common Stock"), of Golden
Books Family Entertainment, Inc., a Delaware corporation, and is being filed
pursuant to Rule 13d-2 of the General Rules and Regulations under the Securities
Exchange Act of 1934, as amended (the "Exchange Act"). Unless otherwise
indicated, all capitalized terms used but not defined herein shall have the same
meaning as set forth in the Schedule 13D.
Introductory Note.
The Reporting Entities are hereby reporting a change in their
beneficial ownership percentage of the Common Stock caused by the receipt by GP
Holding of dividends of Common Stock received or to be received by GP Holding on
February 1, 1997 and May 1, 1997. As a result of such transactions, the
percentage of Common Stock that may be deemed to be beneficially owned by the
Reporting Entities decreased from 37.3% to 34.7%.
Item 5. Interest in Securities of the Issuer
Item 5 of the Schedule 13D is hereby amended by deleting subparagraphs
(a) and (b) therein and replacing them with the following:
(a) and (b). GP Holding may be deemed to beneficially own the
3,996,771 shares of Common Stock to which the Irrevocable Proxies relate. This
number is expected to decrease, as such shares are entitled to be transferred to
third parties pursuant to the terms of the Irrevocable Proxies. Each of the
Reporting Entities may be deemed to share the power to vote or direct the voting
of such shares and therefore to beneficially own such shares. To the knowledge
of the Reporting Entities, the power to direct the disposition of such shares is
held by Richard Bernstein and certain of his affiliates. GP Holding may also be
deemed to beneficially own the 6,500,000 shares of Common Stock issuable upon
conversion of the Preferred Shares. Each of the Reporting Entities may be deemed
to share the power to vote and dispose of such shares and therefore to
beneficially own such shares. Based on the 25,339,743 shares of Common Stock
outstanding on September 13, 1996 (as reported by the Company in its Quarterly
Report on Form 10-Q dated September 16, 1996 and treating as outstanding the
shares of Common Stock issuable upon conversion of the Preferred Shares), the
Reporting Entities beneficially own approximately 34.7% of the
<PAGE>
voting power relating to the Common Stock. In addition, GP Holding is entitled
to receive 780,000 shares of Common Stock annually as a dividend on the
Preferred Shares through May 8, 2000, subject to adjustment, as described in
Item 6. Pursuant thereto, GP Holding received such a dividend on February 1,
1997.
<PAGE>
SIGNATURE
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: March 7, 1997
GOLDEN PRESS HOLDING, L.L.C.
By: Warburg, Pincus Ventures,
L.P., Member
By: Warburg, Pincus & Co.,
General Partner
By: /s/ Stephen M. Distler
Name: Stephen M. Distler
Title: Partner
WARBURG, PINCUS VENTURES, L.P.
By: Warburg, Pincus & Co.,
General Partner
By: /s/ Stephen M. Distler
Name: Stephen M. Distler
Title: Partner
WARBURG, PINCUS & CO.
By: /s/ Stephen M. Distler
Name: Stephen M. Distler
Title: Partner
E.M. WARBURG, PINCUS & CO., LLC
By: /s/ Stephen M. Distler
Name: Stephen M. Distler
Title: Managing Director
<PAGE>
SCHEDULE I
Set forth below is the name, position and present principal occupation
of each of the general partners of Warburg, Pincus & Co. ("WP") and each of
the members of E.M. Warburg, Pincus & Co., LLC ("EMW"). The sole general
partner of Warburg, Pincus Ventures, L.P. ("Ventures") is WP. WP, EMW and
Ventures are hereinafter collectively referred to as the "Reporting
Entities." Except as otherwise indicated, the business address of each of
such persons is 466 Lexington Avenue, New York, New York 10017, and each of
such persons is a citizen of the United States.
General Partners of WP
Present Principal Occupation in Addition to
Position with WP, and Positions with the
Name Reporting Entities
Susan Black Managing Director and Member, EMW
Christopher W. Brody Managing Director and Member, EMW
Harold Brown Senior Managing Director and Member, EMW
Errol M. Cook Managing Director and Member, EMW
W. Bowman Cutter Managing Director and Member, EMW
Elizabeth B. Dater Managing Director and Member, EMW
Stephen Distler Managing Director, Member and Treasurer, EMW
Louis G. Elson Managing Director and Member, EMW
Harold W. Ehrlich Managing Director and Member, EMW
John L. Furth Vice Chairman of the Board and Member, EMW
<PAGE>
Stewart K.P. Gross Managing Director and Member, EMW
Patrick T. Hackett Managing Director and Member, EMW
Jeffrey A. Harris Managing Director and Member, EMW
Robert S. Hillas Managing Director and Member, EMW
A. Michael Hoffman Managing Director and Member, EMW
William H. Janeway Managing Director and Member, EMW
Douglas M. Karp Managing Director and Member, EMW
Charles R. Kaye Managing Director and Member, EMW
Henry Kressel Managing Director and Member, EMW
Joseph P. Landy Managing Director and Member, EMW
Sidney Lapidus Managing Director and Member, EMW
Kewsong Lee Managing Director and Member, EMW
Reuben S. Leibowitz Managing Director and Member, EMW
Brady T. Lipp Managing Director and Member, EMW
Stephen J. Lurito Managing Director and Member, EMW
Spencer S. Marsh III Managing Director and Member, EMW
Lynn C. Martin Managing Director and Member, EMW
Edward J. McKinley Managing Director and Member, EMW
<PAGE>
Rodman W. Moorhead III Senior Managing Director and Member, EMW
Howard H. Newman Managing Director and Member, EMW
Gary D. Nusbaum Managing Director and Member, EMW
Anthony G. Orphanos Managing Director and Member, EMW
Dalip Pathak Managing Director and Member, EMW
Daphine D. Philpson Managing Director and Member, EMW
Lionel I. Pincus Chairman of the Board, CEO, and Managing
Member, EMW; and Managing Partner, Pincus & Co.
Eugene L. Podsiadlo Managing Director and Member, EMW
Ernest H. Pomerantz Managing Director and Member, EMW
Brian S. Posner Managing Director and Member, EMW
Arnold M. Reichman Managing Director and Member, EMW
Roger Reinlieb Managing Director and Member, EMW
John D. Santoleri Managing Director and Member, EMW
Sheila N. Scott Managing Director and Member, EMW
Peter Stalker III Managing Director and Member, EMW
David A. Tanner Managing Director and Member, EMW
James E. Thomas Managing Director and Member, EMW
<PAGE>
John L. Vogelstein Vice Chairman of the Board and Member, EMW
Elizabeth H. Weatherman Managing Director and Member, EMW
Joanne R. Wenig Managing Director and Member, EMW
George U. Wyper Managing Director and Member, EMW
Pincus & Co.*
NL & Co.**
* New York limited partnership; its primary activity is ownership in WP
and EMW.
** New York limited partnership; its primary activity is ownership in WP.
<PAGE>
Members of EMW
Present Principal Occupation in Addition to
Position with EMW, and Positions with the Reporting
Entities
Name
Susan Black Partner, WP
Christopher W. Brody Partner, WP
Harold Brown Partner, WP
Dale C. Christensen(1)
Errol M. Cook Partner, WP
W. Bowman Cutter Partner, WP
Elizabeth B. Dater Partner, WP
Stephen Distler Partner, WP
P. Nicholas Edwards(2) Partner, WP
Harold W. Ehrlich Partner, WP
Louis G. Elson Partner, WP
John L. Furth Partner, WP
Stewart K.P. Gross Partner, WP
Patrick T. Hackett Partner, WP
Jeffrey A. Harris Partner, WP
Robert S. Hillas Partner, WP
A. Michael Hoffman Partner, WP
William H. Janeway Partner, WP
Douglas M. Karp Partner, WP
Charles R. Kaye Partner, WP
Richard H. King(2)
Henry Kressel Partner, WP
Joseph P. Landy Partner, WP
<PAGE>
Sidney Lapidus Partner, WP
Kewsong Lee Partner, WP
Reuben S. Leibowitz Partner, WP
Brady T. Lipp Partner, WP
Stephen J. Lurito Partner, WP
Spencer S. Marsh III Partner, WP
Lynn C. Martin Partner, WP
Edward J. McKinley Partner, WP
Rodman W. Moorhead III Partner, WP
Howard H. Newman Partner, WP
Gary D. Nusbaum Partner, WP
Anthony G. Orphanos Partner, WP
Dalip Pathak Partner, WP
Philip C. Percival(2)
Daphine D. Philipson Partner, WP
Lionel I. Pincus Managing Partner, WP; Chairman of the Board and
CEO, EMW; Managing Partner, Pincus & Co.
Eugene L. Podsiadlo Partner, WP
Ernest H. Pomerantz Partner, WP
Brian S. Posner Partner, WP
Arnold M. Reichman Partner, WP
Roger Reinlieb Partner, WP
John D. Santoleri Partner, WP
<PAGE>
Sheila N. Scott Partner, WP
Dominic H. Shorthouse(2)
Peter Stalker III Partner, WP
Chang Q. Sun(3)
David A. Tanner Partner, WP
James E. Thomas Partner, WP
John L. Vogelstein Partner, WP
Elizabeth H. Weathermen Partner, WP
Joanne R. Wenig Partner, WP
George U. Wyper Partner, WP
Pincus & Co.*
(1) Citizen of Canada
(2) Citizen of United Kingdom
(3) Citizen of People's Republic of China
* New York limited partnership; its primary activity is ownership in WP.
