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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934*
Georgia Gulf Corporation
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
373200203
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(CUSIP Number)
August 26, 1998
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(Date of Event Which Requires Filing of this Statement)
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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)
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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 the disclosures provided in a prior cover page.
The information required in 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).
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB control number.
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SCHEDULE 13G
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CUSIP No. - 373200203 Page 2 of 8 Pages
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- -------------------------------------------------------------------------------------------------------------------------
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1
ESL Partners, L.P., a Delaware limited partnership
22-2875193
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
2 (b) [ ]
- -------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
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CITIZENSHIP OR PLACE OR ORGANIZATION
4
Delaware
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5 SOLE VOTING POWER
NUMBER OF 1,471,123
SHARES -------------------------------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
EACH -------------------------------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 1,471,123
WITH -------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,751,500
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
- -------------------------------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11 5.66%
- -------------------------------------------------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
12
PN
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CUSIP No. - 373200203 Page 3 of 8 Pages
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NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1
ESL Limited, a Bermuda corporation
- -------------------------------------------------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
2 (b) [ ]
- -------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OR ORGANIZATION
4
Bermuda
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SOLE VOTING POWER
NUMBER OF 5 236,078
SHARES -------------------------------------------------------------------------------------
BENEFICIALLY SHARED VOTING POWER
OWNED BY 6 0
EACH -------------------------------------------------------------------------------------
REPORTING SOLE DISPOSITIVE POWER
PERSON 7 236,078
WITH -------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
8 0
- -------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,751,500
- -------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
- -------------------------------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11 5.66%
- -------------------------------------------------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
12 CO
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</TABLE>
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CUSIP No. - 373200203 Page 4 of 8 Pages
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- -------------------------------------------------------------------------------------------------------------------------
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1
ESL Institutional Partners, L.P., a Delaware limited partnership
06-1456821
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
2 (b) [ ]
- -------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OR ORGANIZATION
4
Delaware
- -------------------------------------------------------------------------------------------------------------------------
SOLE VOTING POWER
NUMBER OF 5 44,299
SHARES -------------------------------------------------------------------------------------
BENEFICIALLY SHARED VOTING POWER
OWNED BY 6 0
EACH -------------------------------------------------------------------------------------
REPORTING SOLE DISPOSITIVE POWER
PERSON 7 44,299
WITH -------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
8 0
- -------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,751,500
- -------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
- -------------------------------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11 5.66%
- -------------------------------------------------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
12
PN
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</TABLE>
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Page 5 of 8 Pages
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Item 1(a) Name of Issuer:
Georgia Gulf Corporation
Item 1(b) Address of Issuer's Principal Executive Offices:
400 Perimeter Center Terrace, Suite 595
Atlanta, Georgia 30346
Item 2(a) Names of Persons Filing:
ESL Partners, L.P.
ESL Limited
ESL Institutional Partners, L.P.
Item 2(b) Addresses of Principal Business Offices:
ESL Partners, L.P. and ESL Institutional Partners, L.P.:
One Lafayette Place
Greenwich, CT 06830
ESL Limited
Hemisphere House
9 Church Street
Hamilton, Bermuda
Item 2(c) Citizenship:
ESL Partners, L.P. -- Delaware
ESL Limited -- Bermuda
ESL Institutional Partners, L.P. -- Delaware
Item 2(d) Title of Class of Securities:
Common Stock, par value $.01 per share
Item 2(e) CUSIP Number:
373200203
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Page 6 of 8 Pages
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Item 3 Status of Persons Filing:
(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. 78c);
(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 Section
240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in
accordance with Section 240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in
accordance with Section 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 Section
240.13d-1(b)(1)(ii)(J).
Item 4 Ownership:
(a) Amount Beneficially Owned: 1,751,500 shares of Common
Stock, par value $.01 per share.
This statement is filed on behalf of a group consisting
of ESL Partners, L.P., a Delaware limited partnership
("ESL"), ESL Limited, a Bermuda corporation ("Limited"),
and ESL Institutional Partners, L.P., a Delaware limited
partnership ("Institutional"). The general partner of
ESL is RBS Partners, L.P. (the "General Partner"). The
general partner of the General Partner of ESL is ESL
Investments, Inc., a Delaware corporation. ESL
Investment Management, LLC, a Delaware limited liability
company ("ESLIM"), is the investment manager of Limited.
RBS Investment Management, LLC, a Delaware limited
liability company ("RBSIM") is the general partner of
Institutional. In the aforementioned capacities, ESL,
Limited, and Institutional each may be deemed to be the
beneficial owner of the shares of Georgia Gulf
Corporation common stock beneficially owned by the other
members of the group.
As of September 8, 1998, (i) ESL was the record owner of
1,471,123 shares of common stock of Georgia Gulf
Corporation; (ii) Limited was the record owner of
236,078 shares of common stock of Georgia Gulf
Corporation; and (iii) Institutional was the record
owner of 44,299 shares of common stock of Georgia Gulf
Corporation.
(b) Percent of Class: 5.66%.
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(c) Number of shares as to which each person has:
(i) sole power to vote or to direct the vote:
See Item 5 of each cover page.
(ii) shared power to vote or to direct the vote: 0.
(iii) sole power to dispose or to direct the
disposition of:
See Item 7 of each cover page.
(iv) shared power to dispose or to direct the
disposition of: 0.
Item 5 Ownership of 5% or Less of a Class:
Not applicable.
Item 6 Ownership of More than 5% 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
Item 8 Identification and Classification of Members of the Group:
See Item 4(a).
Item 9 Notice of Dissolution of Group:
Not applicable
Item 10 Certification:
By signing below I certify that, to the best of my 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.
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Page 8 of 8 Pages
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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.
Date: September 8, 1998
ESL PARTNERS, L.P.
By: RBS Partners, L.P., its general partner
By: ESL Investments, Inc., its general partner
By: /s/ Edward S. Lampert
------------------------------------------
Edward S. Lampert
President
ESL LIMITED
By: ESL Investment Management, LLC,
its investment manager
By: /s/ Edward S. Lampert
------------------------------------------
Edward S. Lampert
Managing Member
ESL INSTITUTIONAL PARTNERS, L.P.
By: RBS Investment Management, LLC, its general
partner
By: /s/ Edward S. Lampert
------------------------------------------
Edward S. Lampert
Managing Member
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EXHIBITS
Exhibit 1 Joint Filing Agreement, dated as of September 8, 1998, entered into
by and among ESL Partners, L.P., ESL Limited, and ESL Institutional
Partners, L.P.
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EXHIBIT 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) promulgated under the Securities
Exchange Act of 1934, as amended, the persons named below agree to the joint
filing on behalf of each of them a Statement on Schedule 13G (including
amendments thereto) with regard to the common stock of Georgia Gulf
Corporation, and further agree that this Joint Filing Agreement be included as
an Exhibit to such joint filings. In evidence thereof, the undersigned, being
duly authorized, hereby execute this Agreement as of the 8th day of September,
1998.
ESL PARTNERS, L.P.
By: RBS Partners, L.P., its general partner
By: ESL Investments, Inc., its general partner
By: /s/ Edward S. Lampert
---------------------------------------
Edward S. Lampert
President
ESL LIMITED
By: ESL Investment Management, LLC,
its investment manager
By: /s/ Edward S. Lampert
---------------------------------------
Edward S. Lampert
Managing Member
ESL INSTITUTIONAL PARTNERS, L.P.
By: RBS Investment Management, LLC, its general
partner
By: /s/ Edward S. Lampert
---------------------------------------
Edward S. Lampert
Managing Member
