<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(Amendment No. )*
Pemstar Inc.
----------------------------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
----------------------------------------------
(Title of Class of Securities)
706552 10 6
----------------------------------------------
(CUSIP Number)
Jennifer Marre
Vice President and Secretary
Lehman Brothers Holdings Inc.
3 World Financial Center, 7th Floor
New York, NY 10285
(212) 526-2728
----------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 11, 2000
----------------------------------------------
(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(e), 13d-1(f) or 13d-1(g), check the following
box [_].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
*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
disclosures provided in a prior cover page.
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).
(Continued on following page(s))
Page 1 of 31 Pages
<PAGE>
--------------------- ---------------------
CUSIP NO. 706552 10 6 13D Page 2 of 31 Pages
----------- - --
--------------------- ---------------------
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-3216325
Lehman Brothers Holdings Inc.
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
00
------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(D) or 2(E)
5 [_]
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 4,959,903
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 4,959,903
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
4,959,903
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
18.42%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
HC/CO
------------------------------------------------------------------------------
<PAGE>
--------------------- ---------------------
CUSIP NO. 706552 10 6 13D Page 3 of 31 Pages
----------- - --
--------------------- ---------------------
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-2518466
Lehman Brothers Inc.
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
00
------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(D) or 2(E)
5 [X]
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 4,959,903
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 4,959,903
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
4,959,903
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
18.42%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
BD/CO
------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
--------------------- ---------------------
CUSIP NO. 706552 10 6 13D Page 4 of 31 Pages
----------- - --
--------------------- ---------------------
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-2741778
LB I Group Inc.
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
00
------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(D) or 2(E)
5 [_]
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 4,959,903
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 4,959,903
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
4,959,903
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
18.42%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
HC/CO
------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
--------------------- ---------------------
CUSIP NO. 706552 10 6 13D Page 5 of 31 Pages
----------- - --
--------------------- ---------------------
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-4055760
Lehman Brothers Venture Capital Partners I, L.P.
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
00
------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(D) or 2(E)
5 [_]
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 366,906
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 366,906
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
366,906
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
1.36%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
--------------------- ---------------------
CUSIP NO. 706552 10 6 13D Page 6 of 31 Pages
----------- - --
--------------------- ---------------------
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-4053690
Lehman Brothers Venture Associates Inc.
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
00
------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(D) or 2(E)
5 [_]
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 613,158
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 613,158
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
613,158
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
2.28%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
--------------------- ---------------------
CUSIP NO. 706552 10 6 13D Page 7 of 31 Pages
----------- - --
--------------------- ---------------------
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-4098280
Lehman Brothers Venture GP Partnership L.P.
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
00
------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(D) or 2(E)
5 [_]
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 613,158
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 613,158
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
613,158
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
2.28%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
--------------------- ---------------------
CUSIP NO. 706552 10 6 13D Page 8 of 31 Pages
----------- - --
--------------------- ---------------------
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-4055753
Lehman Brothers Venture Partners L.P.
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
00
------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(D) or 2(E)
5 [_]
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 613,158
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 613,158
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
613,158
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
2.28%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
--------------------- ---------------------
CUSIP NO. 706552 10 6 13D Page 9 of 31 Pages
----------- - --
--------------------- ---------------------
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-4098283
Lehman Brothers 1999 Venture GP Partnership L.P.
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
00
------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(D) or 2(E)
5 [_]
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 1,333,332
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 1,333,332
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,333,332
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
4.95%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
--------------------- ---------------------
CUSIP NO. 706552 10 6 13D Page 10 of 31 Pages
----------- -- --
--------------------- ---------------------
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-4066168
Lehman Brothers VC Partners L.P.
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
00
------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(D) or 2(E)
5 [_]
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 1,333,332
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 1,333,332
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,333,332
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
4.95%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
--------------------- ---------------------
CUSIP NO. 706552 10 6 13D Page 11 of 31 Pages
----------- -- --
--------------------- ---------------------
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-4036790
Lehman Brothers MBG Venture Capital Partners 1998 (A) L.P.
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
00
------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(D) or 2(E)
5 [_]
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 87,807
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 87,807
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
87,807
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
.33%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
--------------------- ---------------------
CUSIP NO. 706552 10 6 13D Page 12 of 31 Pages
----------- -- --
--------------------- ---------------------
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-4036792
Lehman Brothers MBG Venture Capital Partners 1998 (B) L.P.
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
00
------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(D) or 2(E)
5 [_]
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 1,620
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 1,620
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,620
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
.006%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
--------------------- ---------------------
CUSIP NO. 706552 10 6 13D Page 13 of 31 Pages
----------- -- --
--------------------- ---------------------
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 13-4036793
Lehman Brothers MBG Venture Capital Partners 1998 (C) L.P.
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
00
------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(D) or 2(E)
5 [_]
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 9,996
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 9,996
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
9,996
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
.037%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1. Security and Issuer
This Statement relates to the Common Stock, par value $0.01 per share (the
"Common Stock"), of Pemstar Inc., a Minnesota corporation ("Pemstar"). The
address of the principal executive offices of Pemstar is 3535 Technology Drive
N.W. , Rochester, Minnesota 55901.
Item 2. Identity and Background
This statement is filed on behalf of the following entities, which are
collectively referred to as the "Reporting Persons" in this Statement:
Lehman Brothers Holding Inc., a Delaware corporation ("Holdings"),
3 World Financial Center
200 Vesey Street
New York, NY 10285
Holdings, through its domestic and foreign subsidiaries, is a full line
securities firm and is the parent of Lehman Brothers Inc.
Lehman Brothers Inc., a Delaware corporation ("LBI"),
3 World Financial Center
200 Vesey Street
New York, NY 10285
LBI is a wholly owned subsidiary of Holdings and is the parent of LB I Group
Inc.
LB I Group Inc., a Delaware corporation ("LB I Group")
3 World Financial Center
200 Vesey Street
New York, NY 10285
LB I Group is a wholly owned subsidiary of LBI, is the parent of Lehman Brothers
Venture Associates Inc., and is the General Partner of Lehman Brothers Venture
Capital Partners I, L.P., Lehman Brothers 1999 Venture GP Partnership L.P.,
Lehman Brothers MBG Venture Capital Partners 1998 (A) L.P., Lehman Brothers MBG
Venture Capital Partners 1998 (B) L.P., and Lehman Brother MBG Venture Capital
Partners 1998 (C) L.P.
Lehman Brothers Venture Capital Partners I, L.P., a Delaware limited partnership
("LB VCP I").
3 World Financial Center
200 Vesey Street
New York, NY 10285
LB VCP I is a limited partnership, the General Partner of which is LB I Group.
Page 14 of 31 Pages
<PAGE>
Lehman Brothers Venture Associates Inc., Delaware corporation ("LB VA").
3 World Financial Center
200 Vesey Street
New York, NY 10285
LB VA is a wholly owned subsidiary of LB I Group and is the General Partner of
Lehman Brothers Venture GP Partnership L.P.
Lehman Brothers Venture GP Partnership L.P., a Delaware limited partnership ("LB
VGPP").
3 World Financial Center
200 Vesey Street
New York, NY 10285
LB VGPP is a limited partnership, the General Partner of which is LB VA. LB
VGPP is the General Partner of Lehman Brothers Venture Partners, L.P.
Lehman Brothers Venture Partners, L.P., a Delaware limited partnership ("LB
VP").
3 World Financial Center
200 Vesey Street
New York, NY 10285
LB VP is a limited partnership, the general partner of which is LB VGPP.
Lehman Brothers 1999 Venture GP Partnership L.P., a Delaware limited partnership
("LB 1999 VGPP").
3 World Financial Center
200 Vesey Street
New York, NY 10285
LB 1999 VGPP is a limited partnership, the General Partner of which is LB I
Group. LB 1999 VGPP is the General Partner of Lehman Brothers VC Partners L.P.
Lehman Brothers VC Partners L.P., a Delaware limited partnership ("LB VCP").
3 World Financial Center
200 Vesey Street
New York, NY 10285
LB VCP is a limited partnership, the general partner of which is LB 1999 VGPP.
Lehman Brothers MBG Venture Capital Partners 1998 (A) L.P., a Delaware limited
partnership ("MBG (A)")
3 World Financial Center
200 Vesey Street
New York, NY 10285
MBG (A) is a limited partnership, the general partner of which is LB I Group.
Page 15 of 31 Pages
<PAGE>
Lehman Brothers MBG Venture Capital Partners 1998 (B) L.P., a Delaware limited
partnership ("MBG (B)")
3 World Financial Center
200 Vesey Street
New York, NY 10285
MBG (B) is a limited partnership, the general partner of which is LB I Group.
Lehman Brothers MBG Venture Capital Partners 1998 (C) L.P., a Delaware limited
partnership ("MBG (C)")
3 World Financial Center
200 Vesey Street
New York, NY 10285
MBG (C) is a limited partnership, the general partner of which is LB I Group.
The names, residence or business address, citizenships and present principal
occupations or employment of the senior executive officers and directors of the
Reporting Persons are set forth in Appendix A hereto.
Neither the Reporting Persons nor to the best knowledge of the Reporting Persons
nor any of the persons listed in Appendix A hereto have during the last five
years (i) been convicted in a criminal proceeding (excluding traffic violations
or similar misdemeanors) or (ii) except as set forth in Appendix B attached
hereto and incorporated herein by reference 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 mandating activities subject to, federal
or state securities laws or finding any violation with respect to such laws.
The Reporting Persons may be deemed to constitute a "group" for the purposes of
Section 13(d)(3) of the Act as a result of such Reporting Persons being persons
associated with Lehman Brothers Holdings Inc., a Delaware corporation, and LB I
Group Inc., which are holding companies. The Reporting Persons expressly
disclaim that they have agreed to act as a group other than as described in this
Statement.
The Reporting Persons have entered into a Joint Filing Agreement, a copy of
which is filed with this Statement as Exhibit B (which is incorporated herein by
reference), pursuant to which the Reporting Persons have agreed to file this
Statement jointly in accordance with the provisions of Rule 13d-1(f)(1) under
the Securities Exchange Act of 1934.
Item 3. Source and Amount of Funds or Other Consideration
See Item 4.
Item 4. Purpose of Transaction
On August 7, 2000, Pemstar executed an underwriting agreement relating to
an initial public offering of 8,400,000 shares of Common Stock (the "IPO").
Immediately prior to the closing of the IPO, the Reporting Persons beneficially
owned an aggregate of 300,000 shares of Common Stock of Pemstar (the "Common
Stock"), 553,301 shares of Series A Convertible Preferred Stock of Pemstar (the
"Series A Preferred"), and 1,000,000 shares of Series B Preferred Stock of
Pemstar (the "Series B Preferred"). LB I Group owned 300,000 shares of Common
Stock, 520,160 shares of
Page 16 of 31 Pages
<PAGE>
Series A Preferred and 228,868 shares of Series B Preferred; LB VCP I owned
122,302 shares of Series B Preferred; LB VP owned 204,386 shares of Series B
Preferred; LB VCP owned 444,444 shares of Series B Preferred; MBG (A) owned
29,269 shares of Series A Preferred; MBG (B) owned 540 shares of Series A
Preferred and MBG (C) owned 3,332 shares of Series A Preferred.
The holders of the Series A Preferred purchased such shares from Pemstar in
February and March 1998 for a purchase price of $15.00 per share. The holders of
the Series B Preferred purchased such shares from Pemstar in June 1999 for a
purchase price of $18.00 per share. LB I Group purchased the 300,00 shares of
Common Stock from certain shareholders of Pemstar in October 1998 at a purchase
price of $15 per share. The source of funds for such purchases with respect to
the partnerships was from capital contributions from the partners of such
purchasers and the source of funds for such purchases with respect to LB I Group
was from working capital.
Effective upon the closing of the IPO on August 11, 2000, each share of
Series A Preferred and each share of Series B Preferred were automatically
converted into three shares of Common Stock. As a result, LB I Group received
2,247,084 shares of Common Stock, LB VCP I received 366,906 shares of Common
Stock, LB VP received 613,158 shares of Common Stock, LB VCP received 1,333,332
shares of Common Stock, MBG (A) received 87,807 shares of Common Stock, MBG (B)
received 1,620 shares of Common Stock, and MBG (C) received 9,996 shares of
Common Stock.
Michael J. Odrich, a Director of Pemstar, is also a Managing Director of
LBI and may be deemed to have beneficial ownership of shares of Common Stock
held by LBI. Mr. Odrich disclaims beneficial ownership of all such shares.
As of August 11, 2000, the Reporting Persons beneficially owned an
aggregate of 4,959,903 shares, or 18.42%, of the Common Stock. Holdings, parent
of LBI; LBI, parent of LB I Group; LB I Group, parent of LB VA and General
Partner of LB VCP I, LB 1999 VGPP, MBG (A), MBG (B) and MBG (C); LB VA, General
Partner of LB VGPP; LB VGPP, General Partner of LB VP; and LB 1999 VGPP, General
Partner of LB VCP, are deemed indirect beneficial owners of such shares.
Pursuant to the Underwriting Agreement, Lehman Brothers Inc. received
customary and usual compensation, indemnification and contribution from Pemstar
as an underwriter and lead manager of the IPO.
The Reporting Persons intend to continually evaluate the business,
prospects and financial condition of Pemstar, the market for the Common Stock,
other opportunities available to the Reporting Persons, general economic
conditions, money and stock market conditions and other factors and future
developments which the Reporting Persons may deem relevant from time to time.
Depending on same factors, the Reporting Persons may decide to sell all or part
of the shares they hold. Any such acquisition or disposition of Common Stock may
be effected through open market or privately negotiated transactions, or
otherwise.
Except as set forth in this Item 4, the Reporting Persons do not have any
specific plans or proposals that relate to or would result in any of the actions
specified in clauses (a) through (j) of Item 4 of Schedule 13D.
Item 5. Interest in Securities of the Issuer
(a) See Item 4;
(b) The Reporting Persons have sole power to vote and dispose of all the
shares of Common Stock.
page 17 of 31 Pages
<PAGE>
(c) LBI and other affiliates in the ordinary course of business as broker
dealers, may have purchased and sold shares of Common Stock on behalf
of their customers.
(d) Neither the Reporting Persons nor to the best knowledge of the
Reporting Persons nor any of the persons listed in Appendix A hereto
know of any other person who has the right to receive or the power to
direct the receipt of, any shares of Common stock beneficially owned
by the Reporting Persons, other than customers of Lehman Brothers over
whose shares Lehman Brothers may have investment discretion.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
See Item 4.
Michael J. Odrich is a Managing Director of LBI.
LB I Group, LB VP, LB VCP I, LB VCP, MBG (A), MBG (B), and MBG (C) are
entitled to rights with respect to the registration of 4,659,903 shares of
Common Stock under the Securities Act of 1933 (the "Securities Act"). Under the
terms of an agreement between Pemstar and those investors, including LB I Group,
LB VP, LB VCP I, LB VCP, MBG (A), MBG (B), and MBG (C), who purchased shares of
the Series A Preferred and the Series B Preferred (the "Registrable
Securities"), the holders of at least 35% of the Registrable Securities may
require that Pemstar file a registration under the Securities Act with respect
to their shares of Common Stock after the earlier of February 12, 2001, or the
six month anniversary of the effective date of the IPO, so long as the total
offering price of the shares to the public under such registration statement is
at least $10 million. Pemstar is only be required to file two registration
statements in response to a request for registration by the holders of
Registrable Securities. Pemstar may postpone the filing of a registration
statement for up to ninety days in any twelve month period if Pemstar determines
that the filing would be seriously detrimental to it and its shareholders.
Further, holders of the Registrable Securities may require Pemstar on two
occasions within any twelve-month period to file additional registration
statements on Form S-3 at Pemstar's expense. In addition, in the event that
Pemstar decides to register its securities, it is required to include in its
registration statement the Registrable Securities of any holder who so requests.
These rights are subject to the right of the underwriters of an offering to
limit the number of shares included in that registration under certain
circumstances. The expenses incurred in such registrations will be borne by
Pemstar.
The registration rights described above will expire with respect to any
holder of Registrable Securities of such holder can sell all if its shares in a
three-month period under Rule 144 of the Securities Act. In any event, the
registration rights described above will expire five years after the IPO is
completed. Holders of Registrable Securities, including LB I Group, LB VP, LB
VCP I, LB VCP, MBG (A), MBG (B), and MBG (C), have agreed not to exercise their
registration rights for a period of 180 days following the date of the
prospectus relating to the IPO.
Item 7. Material to be Filed as Exhibits
Exhibit A: Form of Underwriting Agreement among Pemstar and the
Underwriters named therein, incorporated by reference as Exhibit 1.1 to
Pemstar's Registration Statement of Form S-1 (Registration File No. 333-37162).
Exhibit B: Joint Filing Agreement, dated August 19, 2000, between
Lehman Brothers Holdings Inc., Lehman Brothers Inc., LB I Group Inc., Lehman
Brothers Venture Capital Partners I, L.P., Lehman Brothers Venture Associates
Inc., Lehman Brothers Venture GP Partnership, L.P.,
Page 18 of 31 Pages
<PAGE>
Lehman Brothers Venture Partners, L.P., Lehman Brothers 1999 Venture GP
Partnership L.P., Lehman Brothers VC Partners L.P., Lehman Brothers MBG Venture
Capital Partners 1998 (A) L.P., Lehman Brothers MBG Venture Capital Partners
1998 (B) L.P., Lehman Brothers MBG Venture Capital Partners 1998 (C) L.P.
Page 19 of 31 Pages
<PAGE>
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: August 21, 2000
LEHMAN BROTHERS HOLDINGS INC.
By: /s/ Jennifer Marre
---------------------------------------------
Name: Jennifer Marre
Title: Vice President and Secretary
LEHMAN BROTHERS INC.
By: /s/ Jennifer Marre
---------------------------------------------
Name: Jennifer Marre
Title: Senior Vice President and Secretary
LB I GROUP INC.
By: /s/ Jennifer Marre
---------------------------------------------
Name: Jennifer Marre
Title: Secretary
LEHMAN BROTHERS VENTURE CAPITAL PARTNERS I, L.P.
By: /s/ Jennifer Marre
---------------------------------------------
Name: Jennifer Marre
Title: Authorized Signatory
LEHMAN BROTHERS VENTURE ASSOCIATES INC.
By: /s/ Jennifer Marre
---------------------------------------------
Name: Jennifer Marre
Title: Vice President and Secretary
LEHMAN BROTHERS VENTURE GP PARTNERSHIP, L.P.
By: /s/ Jennifer Marre
---------------------------------------------
Name: Jennifer Marre
Title: Authorized Signatory
LEHMAN BROTHERS VENTURE PARTNERS, L.P.
By: /s/ Jennifer Marre
---------------------------------------------
Name: Jennifer Marre
Title: Authorized Signatory
LEHMAN BROTHERS 1999 VENTURE GP PARTNERSHIP L.P.
By: /s/ Jennifer Marre
---------------------------------------------
Name: Jennifer Marre
Title: Authorized Signatory
Page 20 of 31 Pages
<PAGE>
LEHMAN BROTHERS VC PARTNERS L.P.
By: /s/ Jennifer Marre
---------------------------------------------
Name: Jennifer Marre
Title: Authorized Signatory
LEHMAN BROTHERS MBG VENTURE CAPITAL PARTNERS 1998
(A) L.P.
By: /s/ Jennifer Marre
---------------------------------------------
Name: Jennifer Marre
Title: Authorized Signatory
LEHMAN BROTHERS MBG VENTURE CAPITAL PARTNERS 1998
(B) L.P.
By: /s/ Jennifer Marre
---------------------------------------------
Name: Jennifer Marre
Title: Authorized Signatory
LEHMAN BROTHERS MBG VENTURE CAPITAL PARTNERS 1998
(C) L.P.
By: /s/ Jennifer Marre
---------------------------------------------
Name: Jennifer Marre
Title: Authorized Signatory
<PAGE>
Appendix A
LEHMAN BROTHERS HOLDINGS INC.
BOARD OF DIRECTORS
NAME/TITLE BUSINESS ADDRESS
---------- ----------------
MICHAEL L. AINSLIE Lehman Brothers Holdings Inc.
Private Investor and former 3 World Financial Center
President and Chief Executive New York, NY 10285
Officer of Sotheby's Holdings
JOHN F. AKERS Lehman Brothers Holdings Inc.
Retired Chairman of International 3 World Financial Center
Business Machines Corporation New York, NY 10285
ROGER S. BERLIND Lehman Brothers Holdings Inc.
Theatrical Producer 3 World Financial Center
New York, NY 10285
THOMAS H. CRUIKSHANK Lehman Brothers Holdings Inc.
Retired Chairman and Chief Executive 3 World Financial Center
Officer of Halliburton Company New York, NY 10285
RICHARD S. FULD, JR. Lehman Brothers Holdings Inc.
Chairman and Chief Executive Officer 3 World Financial Center
of Lehman Brothers Holdings Inc. New York, NY 10285
HENRY KAUFMAN Lehman Brothers Holdings Inc.
President of Henry Kaufman 3 World Financial Center
& Company, Inc. New York, NY 10285
JOHN D. MACOMBER Lehman Brothers Holdings Inc.
Principal of JDM Investment Group 3 World Financial Center
New York, NY 10285
DINA MERRILL Lehman Brothers Holdings Inc.
Director and Vice Chairman 3 World Financial Center
of RKO Pictures, Inc. and Actress New York, NY 10285
____
All above individuals are citizens of the United States.
Page 22 of 31 Pages
<PAGE>
LEHMAN BROTHERS HOLDINGS INC.
EXECUTIVE OFFICERS
------------------
NAME/TITLE BUSINESS ADDRESS
---------- ----------------
RICHARD S. FULD, JR. Lehman Brothers Holdings Inc.
Chairman and Chief Executive Officer 3 World Financial Center
of Lehman Brothers Holdings Inc. New York, NY 10285
DAVID GOLDFARB Lehman Brothers Holdings Inc.
Chief Financial Officer 3 World Financial Center
New York, NY 10285
JOSEPH M. GREGORY Lehman Brothers Holdings Inc.
Chief Administrative Officer 3 World Financial Center
New York, NY 10285
THOMAS A. RUSSO Lehman Brothers Holdings Inc.
Chief Legal Officer 3 World Financial Center
New York, NY 10285
____
All above individuals are citizens of the United States.
Page 23 of 31 Pages
<PAGE>
LEHMAN BROTHERS INC.
BOARD OF DIRECTORS
------------------
NAME/TITLE BUSINESS ADDRESS
---------- ----------------
ROGER S. BERLIND Lehman Brothers Holdings Inc.
Theatrical Producer 3 World Financial Center
New York, NY 10285
HOWARD L. CLARK, JR. Lehman Brothers Holdings Inc.
Vice Chairman 3 World Financial Center
New York, NY 10285
FREDERICK FRANK Lehman Brothers Holdings Inc.
Vice Chairman 3 World Financial Center
New York, NY 10285
RICHARD S. FULD, JR. Lehman Brothers Holdings Inc.
Chairman and Chief Executive Officer 3 World Financial Center
of Lehman Brothers Holdings Inc. New York, NY 10285
HARVEY M. KRUEGER Lehman Brothers Holdings Inc.
Vice Chairman 3 World Financial Center
New York, NY 10285
SHERMAN R. LEWIS, JR. Lehman Brothers Holdings Inc.
Vice Chairman 3 World Financial Center
New York, NY 10285
____
All above individuals are citizens of the United States.
Page 24 of 31 Pages
<PAGE>
LEHMAN BROTHERS INC.
EXECUTIVE OFFICERS
NAME/TITLE BUSINESS ADDRESS
---------- ----------------
JON BEYMAN Lehman Brothers Holdings Inc.
Chief Information Officer 3 World Financial Center
New York, NY 10285
RICHARD S. FULD, JR. Lehman Brothers Holdings Inc.
Chairman and Chief Executive Officer 3 World Financial Center
of Lehman Brothers Holdings Inc. New York, NY 10285
DAVID GOLGFARB Lehman Brothers Holdings Inc.
Chief Financial Officer 3 World Financial Center
New York, NY 10285
JOSEPH M. GREGORY Lehman Brothers Holdings Inc.
Chief Administrative Officer 3 World Financial Center
New York, NY 10285
THOMAS A. RUSSO Lehman Brothers Holdings Inc.
Chief Legal Officer 3 World Financial Center
New York, NY 10285
____
All above individuals are citizens of the United States.
Page 25 of 31 Pages
<PAGE>
LB I GROUP INC.
BOARD OF DIRECTORS
------------------
NAME BUSINESS ADDRESS
---- ----------------
Rocco F. Andriola Lehman Brothers Holdings Inc.
3 World Financial Center
New York, NY 10285
David Goldfarb Lehman Brothers Holdings Inc.
3 World Financial Center
New York, NY 10285
Allan S. Kaplan Lehman Brothers Holdings Inc.
3 World Financial Center
New York, NY 10285
Page 26 of 31 Pages
<PAGE>
LEHMAN BROTHERS VENTURE ASSOCIATES INC.
BOARD OF DIRECTORS
------------------
NAME/TITLE BUSINESS ADDRESS
---------- ----------------
Michael J. Odrich Lehman Brothers Holdings Inc.
3 World Financial Center
New York, NY 10285
Alan Washkowitz Lehman Brothers Holdings Inc.
3 World Financial Center
New York, NY 10285
____
Above individuals are citizens of the United States.
Page 27 of 31 Pages
<PAGE>
APPENDIX B
Lehman Brothers has been involved in a number of civil proceedings which concern
matters arising in connection with the conduct of its business. Certain of such
proceedings have resulted in findings of violation of federal or state
securities laws. Each of these proceedings was settled by Lehman Brothers
consenting to the entry of an order without admitting or denying the allegations
in the complaint. All of such proceedings are reported and summarized in the
Schedule D to Lehman Brother's Form BD filed with the Securities and Exchange
Commission, which descriptions are hereby incorporated by reference.
Page 28 of 31 Pages
