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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Georgia Gulf Corporation
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
373200203
- --------------------------------------------------------------------------------
(CUSIP Number)
* 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).
<PAGE>
SCHEDULE 13G
- ----------------------- ---------------------
CUSIP NO. 373200203 PAGE 2 OF 8 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ESL Partners, L.P., a Delaware limited partnership
22-2875193
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 811,296
SHARES -----------------------------------------------------------
BENEFICIALLY SHARED VOTING POWER
OWNED BY 6
EACH 0
REPORTING -----------------------------------------------------------
PERSON SOLE DISPOSITIVE POWER
WITH 7
811,296
-----------------------------------------------------------
SHARED DISPOSITIVE POWER
8
0
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,022,600
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
3.27%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
- ------------------------------------------------------------------------------
<PAGE>
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CUSIP NO. 373200203 PAGE 3 OF 8 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ESL Limited, a Bermuda corporation
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Bermuda
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 193,249
SHARES -----------------------------------------------------------
BENEFICIALLY SHARED VOTING POWER
OWNED BY 6
EACH 0
REPORTING -----------------------------------------------------------
PERSON SOLE DISPOSITIVE POWER
WITH 7
193,249
-----------------------------------------------------------
SHARED DISPOSITIVE POWER
8
0
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,022,600
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
3.27%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
CO
- ------------------------------------------------------------------------------
<PAGE>
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CUSIP NO. 373200203 PAGE 4 OF 8 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ESL Institutional Partners, L.P., a Delaware limited partnership
06-1456821
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 18,055
SHARES -----------------------------------------------------------
BENEFICIALLY SHARED VOTING POWER
OWNED BY 6
EACH 0
REPORTING -----------------------------------------------------------
PERSON SOLE DISPOSITIVE POWER
WITH 7
18,055
-----------------------------------------------------------
SHARED DISPOSITIVE POWER
8
0
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,022,600
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
3.27%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
- ------------------------------------------------------------------------------
<PAGE>
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PAGE 5 OF 8 PAGES
---------------------
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
<PAGE>
---------------------
PAGE 6 OF 8 PAGES
---------------------
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
(S)240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in
accordance with (S)240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in
accordance with (S)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 (S)240.13d-1(b)(1)(ii)(J).
Item 4 Ownership:
- ------ ---------
(a) Amount Beneficially Owned: 1,022,600 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"), sometimes referred to collectively as the
"ESL Reporting Group." 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 December 31, 1999, (i) ESL was the record owner of
811,296 shares of common stock of Georgia Gulf Corporation;
(ii) Limited was the record owner of 193,249 shares of common
stock of Georgia Gulf Corporation; and (iii) Institutional was
the record owner of 18,055 shares of common stock of Georgia
Gulf Corporation.
(b) Percent of Class: 3.27%.
<PAGE>
---------------------
PAGE 7 OF 8 PAGES
---------------------
(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:
- ------ ----------------------------------
As of the date hereof the ESL Reporting Group has ceased to be the
beneficial owner of more than five percent of the class of securities.
[X]
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.
<PAGE>
---------------------
PAGE 8 OF 8 PAGES
---------------------
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: February 14, 2000
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
Chairman
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
<PAGE>
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. (incorporated by reference from the Schedule 13G of
ESL Partners, L.P., ESL Limited and ESL Institutional Partners, L.P.
filed as of September 8, 1998).
