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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
DOMAIN ENERGY CORPORATION
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(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
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(Title of Class of Securities)
257-027-102
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(CUSIP Number)
FIRST RESERVE CORPORATION
475 STEAMBOAT ROAD
GREENWICH, CONNECTICUT 06930
(203) 661-6601
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
MAY 12, 1998
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition 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 / /.
Check the following box if a fee is being paid with the statement / /. (A fee
is not required only if the reporting person: (1) 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.)
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) 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).
PAGE __ OF __ PAGES
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SCHEDULE 13D
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CUSIP NO. 257-027-102 PAGE __ OF __ PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Reserve Fund VII, Limited Partnership
I.R.S. Identification No.: 06-1457408
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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*
Not Applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
NUMBER OF
SHARES 7,820,718
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 0
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
7,820,718
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,820,718
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
51.8
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14 TYPE OF REPORTING PERSON*
PN
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*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.
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SCHEDULE 13D
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CUSIP NO. 257-027-102 PAGE __ OF __ PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Reserve Corporation
I.R.S. Identification No.: 06-1210123
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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*
Not Applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
NUMBER OF
SHARES 7,820,718
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 0
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
7,820,718
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,820,718
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
51.8
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14 TYPE OF REPORTING PERSON*
CO
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*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.
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SCHEDULE 13D
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CUSIP NO. 257-027-102 PAGE __ OF __ PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
William E. Macaulay
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
Not Applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 0
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
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14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*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.
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SCHEDULE 13D
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CUSIP NO. 257-027-102 PAGE __ OF __ PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John A. Hill
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
Not Applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 0
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
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14 TYPE OF REPORTING PERSON*
IN
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*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.
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This statement on Schedule 13D filed pursuant to Rule 13d-1 of the
Securities Exchange Act of 1934, as amended, by First Reserve Fund VII, Limited
Partnership ("Fund VII"), First Reserve Corporation ("First Reserve"), William
E. Macaulay and John A. Hill relating to shares of Common Stock, $.01 par value
per share (the "Common Stock"), of Domain Energy Corporation, a Delaware
corporation (the "Issuer" or "Domain"), is hereby supplemented and amended as
set forth below.
Item 4. Purpose of Transaction.
Item 4 is hereby amended by deleting the last two paragraphs thereof and
replacing them with the following:
As described in Item 6 below, Fund VII entered into a Voting and
Standstill Agreement (the "Voting and Standstill Agreement") dated May 12, 1998
with Lomak Petroleum Inc., a Delaware corporation ("Lomak") and a Stock Purchase
Agreement (the "Stock Purchase Agreement") dated May 12, 1998 with Lomak. Fund
VII entered into the Voting and Standstill Agreement and the Stock Purchase
Agreement as a condition of Lomak entering into an Agreement and Plan of Merger
(as amended, the "Merger Agreement") dated May 12, 1998 by and between Domain,
Lomak and DEC Acquisition, Inc., a Delaware corporation and wholly owned
subsidiary of Lomak ("Merger Sub").
Item 6. Contracts, Arrangements or Understandings
with Respect to Securities of the Issuer.
Item 6 is hereby amended by adding the following immediately prior to the last
paragraph thereof:
Under the Stock Purchase Agreement, among other things, Lomak has
agreed to acquire from Fund VII and Fund VII has agreed to sell to Lomak,
3,250,000 shares of Domain common stock on July 1, 1998 for $43,875,000 in cash.
The consummation of the Merger described below is contingent upon the
consummation of the purchase under the Stock Purchase Agreement, but the
consummation of the Stock Purchase Agreement is not contingent on the
consummation of the Merger.
Pursuant to the Merger Agreement, Merger Sub will merge into Domain
(the "Merger") at the effective time of the Merger, with Domain surviving as a
wholly owned subsidiary of Lomak. Under the Merger Agreement, Domain's
stockholders will receive a number of shares (the "Exchange Ratio") of common
stock of Lomak, par value $.01 per share ("Lomak Common Stock") for each share
of Domain Common Stock equal to (i) $14.50 divided by (ii) the "Closing Date
Market Price" of Lomak Common Stock, provided, however, that in no event will
the
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Exchange Ratio be greater than 1.2083 or less than 0.8529. For purposes of
the Merger Agreement, the "Closing Date Market Price" is the average of the
closing prices of the Lomak Common Stock on the New York Stock Exchange for the
15 trading days prior to the third business day prior to the effective time of
the Merger. Simultaneously with the effective time of the Merger, Lomak will
change its corporate name to "Range Resources Corporation," subject to the
approval by the holders of a majority of the outstanding shares of Lomak Common
Stock.
As a condition to Lomak's entering into the Merger Agreement, Lomak
required that Fund VII enter into the Stock Purchase Agreement and the Voting
and Standstill Agreement. Pursuant to the Voting and Standstill Agreement, Fund
VII has, among other things, agreed to vote all shares of Domain Common Stock
beneficially owned by Fund VII in favor of the Merger Agreement and against any
business combination proposal or other matter that may interfere or be
inconsistent with the Merger (including a competing transaction). Fund VII also
has agreed, if requested by Lomak, not to attend and not to vote any Domain
Common Stock beneficially owned by Fund VII at any annual or special meeting of
Domain stockholders and not to execute any written consent of stockholders, in
each case relating directly or indirectly to a competing transaction.
The Voting and Standstill Agreement also provides that neither Fund VII
nor any other member of the Fund VII Group (as defined in the Voting and
Standstill Agreement) will initiate, solicit or encourage any offer or proposal
for, or any indication of interest in, a merger or other business combination
directly or indirectly involving Domain or any subsidiary of Domain, or the
acquisition of a substantial equity interest in, or a substantial portion of,
the assets of, any third party, other than the transactions contemplated by the
Merger Agreement or the Voting and Standstill Agreement ("Domain Acquisition
Proposal").
Fund VII also has agreed that it will not, directly or indirectly, (i)
sell, transfer, pledge or otherwise dispose of any shares of Domain to any
person other than Lomak or its designee, or (ii) grant a proxy with respect to
any shares of Domain to any person other than Lomak or its designee, or grant an
option with respect to any of the foregoing, or enter into any other agreement
or arrangement with respect to any of the foregoing. Notwithstanding the
foregoing, Fund VII is permitted to sell up to 1% in the aggregate of the number
of outstanding shares of Domain Common Stock under certain circumstances if the
Closing Date Market Price is greater than $17.00 per share.
The Voting and Standstill Agreement will terminate on the second
anniversary of the consummation of the Merger or by mutual written agreement of
the parties.
As required by the Voting and Standstill Agreement, Fund VII has
executed a written stockholder consent approving of the Merger in accordance
with Section 228 of the Delaware General Corporation Law (the "DGCL"). As a
result, Domain has represented to Lomak in the Merger Agreement that no further
Domain stockholder approval is required in connection with the transactions
contemplated by the Merger Agreement. Completion of the transaction is
contingent upon certain customary closing conditions, including the approval of
the issuance of
2
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the Lomak Common Stock in the Merger by a majority of the holders of Lomak
Common Stock present in person or by proxy at a stockholder meeting at which a
quorum is present.
The descriptions of the Voting and Standstill Agreement, Stock Purchase
Agreement and the Merger Agreement set forth in this Item 6 do not purport to be
complete and are qualified in their entirety by reference to the respective
agreements, copies of which are incorporated by reference herein as Exhibits 5,
6, and 7, respectively.
Item 7. Material to be Filed as Exhibits.
Item 7 is hereby amended by adding the following:
5. Voting and Standstill Agreement dated May 12, 1998 between Lomak and Fund
VII (incorporated by reference to Exhibit 2.4 to Lomak's Quarterly Report
on Form 10-Q for the quarter ended March 31, 1998; Securities and Exchange
Commission File No. 001- 12209).
6. Stock Purchase Agreement dated May 12, 1998 between Lomak and Fund VII
(incorporated by reference to Exhibit 2.3 to Lomak's Quarterly Report on
Form 10-Q for the quarter ended March 31, 1998; Securities and Exchange
Commission File No. 001- 12209).
7. Agreement and Plan of Merger made as of May 12, 1998 by and among Lomak,
DEC Acquisition, Inc., and Domain (incorporated by reference to Exhibit 2.1
to Lomak's Quarterly Report on Form 10-Q for the quarter ended March 31,
1998; Securities and Exchange Commission File No. 001-12209).
3
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Page of 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.
FIRST RESERVE CORPORATION
By: /s/ Thomas R. Denison
--------------------------------
Name: Thomas R. Denison
Title: Managing Director
FIRST RESERVE FUND VII, LIMITED
PARTNERSHIP
By First Reserve Corporation, as
General Partner
By: /s/ Thomas R. Denison
--------------------------------
Name: Thomas R. Denison
Title: Managing Director
/s/ William E. Macaulay
-----------------------------------
Name: William E. Macaulay
/s/ John A. Hill
-----------------------------------
Name: John A. Hill
DATED: May 27, 1998
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SCHEDULE I
Schedule I, attached to the 13D filed on July 7, 1997 and incorporated therein
by reference, is hereby amended by adding the following:
<TABLE>
<S> <C> <C> <C> <C>
Thomas R. 1801 California Employee, First Managing U.S.
Denison Suite 4110 Reserve Director and
Denver, CO General Counsel
80202
</TABLE>
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INDEX TO EXHIBITS
The Index to Exhibits is hereby amended by adding the following:
5. Voting and Standstill Agreement dated May 12, 1998 between Lomak and Fund
VII (incorporated by reference to Exhibit 2.4 to Lomak's Quarterly Report
on Form 10-Q for the quarter ended March 31, 1998; Securities and Exchange
Commission File No. 001- 12209).
6. Stock Purchase Agreement dated May 12, 1998 between Lomak and Fund VII
(incorporated by reference to Exhibit 2.3 to Lomak's Quarterly Report on
Form 10-Q for the quarter ended March 31, 1998; Securities and Exchange
Commission File No. 001- 12209).
7. Agreement and Plan of Merger made as of May 12, 1998 by and among Lomak,
DEC Acquisition, Inc., and Domain (incorporated by reference to Exhibit 2.1
to Lomak's Quarterly Report on Form 10-Q for the quarter ended March 31,
1998; Securities and Exchange Commission File No. 001-12209).
