UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 6)
Recovery Engineering, Inc.
--------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
---------------------------------------
(Title of Class of Securities)
756269106
---------
(CUSIP Number)
David J. Greenwald, Esq.
Goldman, Sachs & Co.
85 Broad Street
New York, New York 10004
(212) 902-1000
--------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
September 29, 1999
------------------
(Date of Event which Requires Filing of this Statement)
If a 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 [ ].
<PAGE>
- --------------------- ---------------------
CUSIP NO. 756269106 PAGE 2 OF 29 PAGES
- --------------------- ---------------------
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Goldman, Sachs & Co.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
AF/OO
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
EACH -----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH -----------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
BD-PN-IA
- --------------------------------------------------------------------------------
<PAGE>
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CUSIP NO. 756269106 PAGE 3 OF 29 PAGES
- --------------------- ---------------------
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Goldman Sachs Group, Inc.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
AF
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
EACH -----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH -----------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
HC-CO
- --------------------------------------------------------------------------------
<PAGE>
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CUSIP NO. 756269106 PAGE 4 OF 29 PAGES
- --------------------- ---------------------
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GS Capital Partners II, L.P.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
WC
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delawware
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
EACH -----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH -----------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
<PAGE>
- --------------------- ---------------------
CUSIP NO. 756269106 PAGE 5 OF 29 PAGES
- --------------------- ---------------------
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GS Capital Partners II Offshore, L.P.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
WC
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
EACH -----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH -----------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
<PAGE>
- --------------------- ---------------------
CUSIP NO. 756269106 PAGE 6 OF 29 PAGES
- --------------------- ---------------------
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GS Capital Partners II (Germany) Civil Law Partnership
(with limitation of liability)
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
WC
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Germany
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
EACH -----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH -----------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
<PAGE>
- --------------------- ---------------------
CUSIP NO. 756269106 PAGE 7 OF 29 PAGES
- --------------------- ---------------------
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GS Advisors, L.P.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
AF
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
EACH -----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH -----------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
<PAGE>
- --------------------- ---------------------
CUSIP NO. 756269106 PAGE 8 OF 29 PAGES
- --------------------- ---------------------
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GS Advisors II (Cayman), L.P.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
AF
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
EACH -----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH -----------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
<PAGE>
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CUSIP NO. 756269106 PAGE 9 OF 29 PAGES
- --------------------- ---------------------
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Goldman, Sachs & Co. oHG
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
AF
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Germany
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
EACH -----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH -----------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
<PAGE>
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CUSIP NO. 756269106 PAGE 10 OF 29 PAGES
- --------------------- ---------------------
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stone Street Fund 1996, L.P.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
WC
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
EACH -----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH -----------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
<PAGE>
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CUSIP NO. 756269106 PAGE 11 OF 29 PAGES
- --------------------- ---------------------
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bridge Street Fund 1996, L.P.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
WC
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
EACH -----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH -----------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
<PAGE>
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CUSIP NO. 756269106 PAGE 12 OF 29 PAGES
- --------------------- ---------------------
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stone Street Empire Corp.
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS
AF
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
EACH -----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH -----------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
<PAGE>
CUSIP NO. 756269106 PAGE 13 OF 29 PAGES
This Amendment No. 6 ("Amendment No. 6") is being filed by GS Capital
Partners II, L.P. ("GSCP"), GS Capital Partners II Offshore, L.P. ("GSCP II
Offshore"), GS Capital Partners II (Germany) Civil Law Partnership (with
limitation of liability) ("GSCP II Germany," and together with GSCP and GSCP II
Offshore, "GSCP II"), GS Advisors, L.P. ("GS Advisors"), GS Advisors II
(Cayman), L.P. ("GS Advisors Cayman"), Goldman, Sachs & Co. oHG ("GS oHG"),
Stone Street Fund 1996, L.P. ("Stone Street"), Bridge Street Fund 1996, L.P.
("Bridge Street," and together with Stone Street, the "Stone/Bridge Funds"),
Stone Street Empire Corp. ("Empire Corp."), Goldman, Sachs & Co. ("Goldman
Sachs") and The Goldman Sachs Group, Inc. ("GS Group," and together with GSCP,
GSCP II Offshore, GSCP II Germany, GS Advisors, GS Advisors Cayman, GS oHG,
Stone Street, Bridge Street, Empire Corp. and Goldman Sachs, the "Filing
Persons")(FN1) to amend and supplement the Statement on Schedule 13D (the
"Original Schedule 13D") filed by the Filing Persons on July 29, 1996, Amendment
No. 1 to the Original Schedule 13D filed by the Filing Persons on April 9, 1997
("Amendment No. 1"), Amendment No. 2 to the Original Schedule 13D filed by the
Filing Persons on April 29, 1997 ("Amendment No. 2"), Amendment No. 3 to the
Original Schedule 13D filed by the Filing Persons on October 2, 1997 ("Amendment
No. 3"), Amendment No. 4 to the Original Schedule 13D filed by the Filing
Persons on April 28, 1998 ("Amendment No. 4") and Amendment No. 5 to the
Original Schedule 13D filed by the Filing Persons on September 9, 1999, in
respect of the Common Stock, par value $0.01 per share (the "Common Stock"), of
Recovery Engineering, Inc., a Minnesota corporation (the "Company"). This
Amendment No. 6 is being filed to report that GSCP II and the Stone/Bridge Funds
(collectively, the "Limited Partnerships") have converted all of their Notes of
the Company into 1,010,101 shares of Common Stock of the Company and have
tendered those shares of Common Stock to Tenzing, Inc. ("Tenzing"), a direct
wholly owned subsidiary of The Procter & Gamble Company ("Procter & Gamble"),
pursuant to Tenzing's offer (the "Tender Offer") to purchase for cash all of the
outstanding shares of Common
- --------------
[FN]
1 Neither the Original Schedule 13D, Amendment No. 1, Amendment No. 2,
Amendment No. 3, Amendment No. 4, Amendment No. 5 nor anything contained
therein or herein shall be construed as an admission that any Filing Person
constitutes a "person" for any purpose other than Section 13(d) of the
Securities Exchange Act of 1934, as amended.
<PAGE>
CUSIP NO. 756269106 PAGE 14 OF 29 PAGES
Stock of the Company, at a purchase price of $35.25 net per share. Upon the
acceptance for purchase of the shares of Common Stock, the Filing Persons ceased
to be the beneficial owners of more than five percent of the shares of Common
Stock. Capitalized terms used but not defined herein shall have the respective
meanings given to them in the Original Schedule 13D.
Item 5. Interest in Securities of the Issuer.
Item 5 is hereby amended as follows:
(a) As of September 30, 1999, each of the Filing Persons ceased to be
the beneficial owner of any shares of Common Stock of the Company.
(b) Not applicable.
(c) On September 29, 1999, the Limited Partnerships converted all of
their Notes of the Company into 1,010,101 shares of Common Stock of the Company
pursuant to the terms of the Securities Purchase Agreement, dated as of July 19,
1996, as amended by Amendment No. 1, dated as of March 31, 1997, and as further
amended by the letter agreement, dated April 24, 1997, and as further amended by
the letter agreement, dated August 26, 1999 (as amended, the "Securities
Purchase Agreement"), between Recovery Engineering, Inc. (the "Company") and
GSCP II, Stone Street Fund 1996, L.P. and Bridge Street Fund 1996, L.P.
(collectively, the "GS Entities"). On September 17, 1999, the Limited
Partnerships tendered all of their shares of Common Stock, and Goldman Sachs
tendered all shares of Common Stock held in its Managed Accounts, to Tenzing, a
direct wholly owned subsidiary of Procter & Gamble, pursuant to Tenzing's offer
to purchase for cash all of the outstanding shares of Common Stock (including
the associated rights) of the Company at a purchase price of $35.25 net per
share, dated as of September 1, 1999. Upon the acceptance for purchase of the
shares of Common Stock, the Filing Persons ceased to be the beneficial owners of
more than five percent of the shares of Common Stock.
Mr. Sanjay H. Patel, a former Managing Director of Goldman Sachs,
exercised Director Options to purchase 1,000 shares of Common Stock of the
Company at $5.84 per share and 4,000 shares of Common Stock of the Company at
$11.25 per share. Mr. Patel tendered these 5,000 shares to Tenzing pursuant to
the tender offer. Mr. Patel has entered into an agreement pursuant to which Mr.
Patel has agreed, among other things, that he holds the Director Options, and
each share of Common Stock issuable upon exercise thereof, in trust for the
benefit of GS Group.
Mr. Robert R. Gheewalla, a Vice President of Goldman Sachs, exercised
Director Options to purchase 4,000 shares of
<PAGE>
CUSIP NO. 756269106 PAGE 15 OF 29 PAGES
Common Stock of the Company at $24.01 per share and 4,000 shares of Common Stock
of the Company at $25.82 per share. Mr. Gheewalla tendered these 8,000 shares to
Tenzing pursuant to the tender offer. Mr. Gheewalla has entered into an
agreement pursuant to which Mr. Gheewalla has agreed, among other things, that
he holds the Director Options, and each share of Common Stock issuable upon
exercise thereof, in trust for the benefit of GS Group.
(d) Not applicable.
(e) Not applicable.
Item 7. Materials to be Filed as Exhibits.
1. Power of Attorney, dated December 21, 1998, relating to Goldman, Sachs
& Co.
2. Power of Attorney, dated May 7, 1999, relating to The Goldman Sachs
Group, Inc.
3. Power of Attorney, dated December 31, 1998, relating to GS Capital
Partners II, L.P.
4. Power of Attorney, dated December 28, 1998, relating to GS Capital
Partners II Offshore, L.P.
5. Power of Attorney, dated December 21, 1998, relating to GS Capital
Partners II (Germany) Civil Law Partnership.
6. Power of Attorney, dated December 28, 1998, relating to GS Advisors,
L.P.
7. Power of Attorney, dated December 28, 1998, relating to GS Advisors II
(Cayman), L.P.
8. Power of Attorney, dated May 26, 1999, relating to Goldman, Sachs & Co.
oHG
9. Power of Attorney, dated December 28, 1998, relating to Stone Street
Fund 1996, L.P.
10. Power of Attorney, dated December 28, 1998, relating to Bridge Street
Fund 1996, L.P.
11. Power of Attorney, dated December 28, 1998, relating to Stone Street
Empire Corp.
<PAGE>
CUSIP NO. 756269106 PAGE 16 OF 29 PAGES
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Dated: October 7, 1999 GS CAPITAL PARTNERS II, L.P.
By: /s/ Roger S. Begelman
-----------------------------------
Name: Roger S. Begelman
Title: Attorney-in-fact
GS ADVISORS, L.P.
By: /s/ Roger S. Begelman
-----------------------------------
Name: Roger S. Begelman
Title: Attorney-in-fact
GS CAPITAL PARTNERS II
OFFSHORE, L.P.
By: /s/ Roger S. Begelman
-----------------------------------
Name: Roger S. Begelman
Title: Attorney-in-fact
GS ADVISORS II (CAYMAN), L.P.
By: /s/ Roger S. Begelman
-----------------------------------
Name: Roger S. Begelman
Title: Attorney-in-fact
GS CAPITAL PARTNERS II
(GERMANY) CIVIL LAW
PARTNERSHIP (with limitation
of liability)
By: /s/ Roger S. Begelman
-----------------------------------
Name: Roger S. Begelman
Title: Attorney-in-fact
GOLDMAN, SACHS & CO. oHG
By: /s/ Roger S. Begelman
-----------------------------------
Name: Roger S. Begelman
Title: Attorney-in-fact
GOLDMAN, SACHS & CO.
By: /s/ Roger S. Begelman
-----------------------------------
Name: Roger S. Begelman
Title: Attorney-in-fact
<PAGE>
CUSIP NO. 756269106 PAGE 17 OF 29 PAGES
THE GOLDMAN SACHS GROUP, Inc.
By: /s/ Roger S. Begelman
-----------------------------------
Name: Roger S. Begelman
Title: Attorney-in-fact
STONE STREET FUND 1996, L.P.
By: /s/ Roger S. Begelman
-----------------------------------
Name: Roger S. Begelman
Title: Attorney-in-fact
BRIDGE STREET FUND 1996, L.P.
By: /s/ Roger S. Begelman
-----------------------------------
Name: Roger S. Begelman
Title: Attorney-in-fact
STONE STREET EMPIRE CORP.
By: /s/ Roger S. Begelman
-----------------------------------
Name: Roger S. Begelman
Title: Attorney-in-fact
<PAGE>
CUSIP NO. 756269106 PAGE 18 OF 29 PAGES
EXHIBIT INDEX
Power of Attorney, dated December 21, 1998, relating to Goldman, Sachs & Co.
1. Power of Attorney, dated May 7, 1999, relating to The Goldman Sachs
Group, Inc.
2. Power of Attorney, dated December 31, 1998, relating to GS Capital
Partners II, L.P.
3. Power of Attorney, dated December 28, 1998, relating to GS Capital
Partners II Offshore, L.P.
4. Power of Attorney, dated December 21, 1998, relating to GS Capital
Partners II (Germany) Civil Law Partnership.
5. Power of Attorney, dated December 28, 1998, relating to GS Advisors,
L.P.
6. Power of Attorney, dated December 28, 1998, relating to GS Advisors II
(Cayman), L.P.
7. Power of Attorney, dated May 26, 1999, relating to Goldman, Sachs & Co.
oHG
8. Power of Attorney, dated December 28, 1998, relating to Stone Street
Fund 1996, L.P.
9. Power of Attorney, dated December 28, 1998, relating to Bridge Street
Fund 1996, L.P.
10. Power of Attorney, dated December 28, 1998, relating to Stone Street
Empire Corp.
<PAGE>
CUSIP NO. 756269106 PAGE 19 OF 29 PAGES
Exhibit 1
POWER OF ATTORNEY
This power of attorney will expire on December 31, 2000.
KNOW ALL PERSONS BY THESE PRESENTS that GOLDMAN, SACHS & CO. (the
"Company") does hereby make, constitute and appoint each of Hans L. Reich and
Roger S. Begelman, acting individually, its true and lawful attorney, to execute
and deliver in its name and on its behalf whether the Company is acting
individually or as representative of others, any and all filings required to be
made by the Company under the Securities Exchange Act of 1934, as amended,
giving and granting unto each said attorney-in-fact power and authority to act
in the premises as fully and to all intents and purposes as the Company might or
could do if personally present by one of its authorized signatories, hereby
ratifying and confirming all that said attorney-in-fact shall lawfully do or
cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly subscribed these presents
as of December 21, 1998.
GOLDMAN, SACHS & CO.
By: The Goldman, Sachs & Co. L.L.C.
By:/s/ Robert J. Katz
------------------
Name: Robert J. Katz
Title: Executive Vice President
<PAGE>
CUSIP NO. 756269106 PAGE 20 OF 29 PAGES
Exhibit 2
POWER OF ATTORNEY
This power of attorney will expire on May 31, 2001.
KNOW ALL PERSONS BY THESE PRESENTS that THE GOLDMAN SACHS GROUP, INC.
(the "Company") does hereby make, constitute and appoint each of Hans L. Reich
and Roger S. Begelman, acting individually, its true and lawful attorney, to
execute and deliver in its name and on its behalf whether the Company is acting
individually or as representative of others, any and all filings required to be
made by the Company under the Securities Exchange Act of 1934, as amended,
giving and granting unto each said attorney-in-fact power and authority to act
in the premises as fully and to all intents and purposes as the Company might or
could do if personally present by one of its authorized signatories, hereby
ratifying and confirming all that said attorney-in-fact shall lawfully do or
cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly subscribed these presents
as of May 7, 1999.
THE GOLDMAN SACHS GROUP, INC.
By:/s/ Robert J. Katz
------------------
Name: Robert J. Katz
Title: Executive Vice President and General Counsel
<PAGE>
CUSIP NO. 756269106 PAGE 21 OF 29 PAGES
Exhibit 3
POWER OF ATTORNEY
This power of attorney will expire on December 31, 2000.
KNOW ALL PERSONS BY THESE PRESENTS that GS CAPITAL PARTNERS II, L.P.
(the "Company") does hereby make, constitute and appoint each of Hans L. Reich
and Roger S. Begelman, acting individually, its true and lawful attorney, to
execute and deliver in its name and on its behalf whether the Company is acting
individually or as representative of others, any and all filings required to be
made by the Company under the Securities Exchange Act of 1934, as amended,
giving and granting unto each said attorney-in-fact power and authority to act
in the premises as fully and to all intents and purposes as the Company might or
could do if personally present by one of its authorized signatories, hereby
ratifying and confirming all that said attorney-in-fact shall lawfully do or
cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly subscribed these presents
as of December 31, 1998.
GS CAPITAL PARTNERS II, L.P.
By: GS Advisors, L.P.
By: GS Advisors, Inc.
By:/s/ Kaca B. Enquist
-------------------
Name: Kaca B. Enquist
Title: Vice President
<PAGE>
CUSIP NO. 756269106 PAGE 22 OF 29 PAGES
Exhibit 4
POWER OF ATTORNEY
This power of attorney will expire on December 31, 2000.
KNOW ALL PERSONS BY THESE PRESENTS that GS CAPITAL PARTNERS II
OFFSHORE, L.P. (the "Company") does hereby make, constitute and appoint each of
Hans L. Reich and Roger S. Begelman, acting individually, its true and lawful
attorney, to execute and deliver in its name and on its behalf whether the
Company is acting individually or as representative of others, any and all
filings required to be made by the Company under the Securities Exchange Act of
1934, as amended, giving and granting unto each said attorney-in-fact power and
authority to act in the premises as fully and to all intents and purposes as the
Company might or could do if personally present by one of its authorized
signatories, hereby ratifying and confirming all that said attorney-in-fact
shall lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly subscribed these presents
as of December 28, 1998.
GS CAPITAL PARTNERS II OFFSHORE, L.P.
By: GS Advisors II (CAYMAN), L.P.
By: GS Advisors II, Inc.
By:/s/ Kaca B. Enquist
-------------------
Name: Kaca B. Enquist
Title: Vice President
<PAGE>
CUSIP NO. 756269106 PAGE 23 OF 29 PAGES
Exhibit 5
POWER OF ATTORNEY
This power of attorney will expire on December 31, 2000.
KNOW ALL PERSONS BY THESE PRESENTS that GS CAPITAL PARTNERS II
(GERMANY) CIVIL LAW PARTNERSHIP (the "Company") does hereby make, constitute and
appoint each of Hans L. Reich and Roger S. Begelman, acting individually, its
true and lawful attorney, to execute and deliver in its name and on its behalf
whether the Company is acting individually or as representative of others, any
and all filings required to be made by the Company under the Securities Exchange
Act of 1934, as amended, giving and granting unto each said attorney-in-fact
power and authority to act in the premises as fully and to all intents and
purposes as the Company might or could do if personally present by one of its
authorized signatories, hereby ratifying and confirming all that said
attorney-in-fact shall lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly subscribed these presents
as of December 21, 1998.
GS CAPITAL PARTNERS II (GERMANY) CIVIL LAW PARTNERSHIP
By: The Goldman Sachs Group, L.P.
By: The Goldman Sachs Corporation
By: /s/ Robert J. Katz
-------------------
Name: Robert J. Katz
Title: Executive Vice President
<PAGE>
CUSIP NO. 756269106 PAGE 24 OF 29 PAGES
Exhibit 6
POWER OF ATTORNEY
This power of attorney will expire on December 31, 2000.
KNOW ALL PERSONS BY THESE PRESENTS that GS ADVISORS, L.P. (the
"Company") does hereby make, constitute and appoint each of Hans L. Reich and
Roger S. Begelman, acting individually, its true and lawful attorney, to execute
and deliver in its name and on its behalf whether the Company is acting
individually or as representative of others, any and all filings required to be
made by the Company under the Securities Exchange Act of 1934, as amended,
giving and granting unto each said attorney-in-fact power and authority to act
in the premises as fully and to all intents and purposes as the Company might or
could do if personally present by one of its authorized signatories, hereby
ratifying and confirming all that said attorney-in-fact shall lawfully do or
cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly subscribed these presents
as of December 28, 1998.
GS ADVISORS, L.P.
By: GS Advisors, Inc.
By:/s/ Kaca B. Enquist
-------------------
Name: Kaca B. Enquist
Title: Vice President
<PAGE>
CUSIP NO. 756269106 PAGE 25 OF 29 PAGES
Exhibit 7
POWER OF ATTORNEY
This power of attorney will expire on December 31, 2000.
KNOW ALL PERSONS BY THESE PRESENTS that GS ADVISORS II (CAYMAN), L.P.
(the "Company") does hereby make, constitute and appoint each of Hans L. Reich
and Roger S. Begelman, acting individually, its true and lawful attorney, to
execute and deliver in its name and on its behalf whether the Company is acting
individually or as representative of others, any and all filings required to be
made by the Company under the Securities Exchange Act of 1934, as amended,
giving and granting unto each said attorney-in-fact power and authority to act
in the premises as fully and to all intents and purposes as the Company might or
could do if personally present by one of its authorized signatories, hereby
ratifying and confirming all that said attorney-in-fact shall lawfully do or
cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly subscribed these presents
as of December 28, 1998.
GS ADVISORS II (CAYMAN), L.P.
By: GS Advisors II, Inc.
By:/s/ Kaca B. Enquist
-------------------
Name: Kaca B. Enquist
Title: Vice President
<PAGE>
CUSIP NO. 756269106 PAGE 26 OF 29 PAGES
Exhibit 8
POWER OF ATTORNEY
This power of attorney will expire on December 31, 2001.
KNOW ALL PERSONS BY THESE PRESENTS that GOLDMAN, SACHS & CO. oHG, (the
"Company") does hereby make, constitute and appoint each of Hans-Linhard Reich
and Roger S. Begelman, acting individually, its true and lawful attorney, to
execute and deliver in its name and on its behalf whether the Company is acting
individually or as representative of others, any and all filings required to be
made by the Company under the Securities Exchange Act of 1934, as amended,
giving and granting unto each said attorney-in-fact power and authority to act
in the premises as fully and to all intents and purposes as the Company might or
could do if personally present by one of its authorized signatories, hereby
ratifying and confirming all that said attorney-in-fact shall lawfully do or
cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly subscribed these presents
as of May 26, 1999.
GOLDMAN, SACHS & CO. oHG
By: /s/ Andreas Kornlein By: /s/ Sabine Mock
-------------------- ---------------
Name: Andreas Kornlein Name: Sabine Mock
<PAGE>
CUSIP NO. 756269106 PAGE 27 OF 29 PAGES
Exhibit 9
POWER OF ATTORNEY
This power of attorney will expire on December 31, 2000.
KNOW ALL PERSONS BY THESE PRESENTS that STONE STREET FUND 1996, L.P.
(the "Company") does hereby make, constitute and appoint each of Hans L. Reich
and Roger S. Begelman, acting individually, its true and lawful attorney, to
execute and deliver in its name and on its behalf whether the Company is acting
individually or as representative of others, any and all filings required to be
made by the Company under the Securities Exchange Act of 1934, as amended,
giving and granting unto each said attorney-in-fact power and authority to act
in the premises as fully and to all intents and purposes as the Company might or
could do if personally present by one of its authorized signatories, hereby
ratifying and confirming all that said attorney-in-fact shall lawfully do or
cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly subscribed these presents
as of December 28, 1998.
STONE STREET FUND 1996, L.P.
By: Stone Street Empire Corp.
By:/s/ Kaca B. Enquist
-------------------
Name: Kaca B. Enquist
Title: Vice President
<PAGE>
CUSIP NO. 756269106 PAGE 28 OF 29 PAGES
Exhibit 10
POWER OF ATTORNEY
This power of attorney will expire on December 31, 2000.
KNOW ALL PERSONS BY THESE PRESENTS that BRIDGE STREET FUND 1996, L.P.
(the "Company") does hereby make, constitute and appoint each of Hans L. Reich
and Roger S. Begelman, acting individually, its true and lawful attorney, to
execute and deliver in its name and on its behalf whether the Company is acting
individually or as representative of others, any and all filings required to be
made by the Company under the Securities Exchange Act of 1934, as amended,
giving and granting unto each said attorney-in-fact power and authority to act
in the premises as fully and to all intents and purposes as the Company might or
could do if personally present by one of its authorized signatories, hereby
ratifying and confirming all that said attorney-in-fact shall lawfully do or
cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly subscribed these presents
as of December 28, 1998.
BRIDGE STREET FUND 1996, L.P.
By: Stone Street Empire Corp.
By:/s/ Kaca B. Enquist
-------------------
Name: Kaca B. Enquist
Title: Vice President
<PAGE>
CUSIP NO. 756269106 PAGE 29 OF 29 PAGES
Exhibit 11
POWER OF ATTORNEY
This power of attorney will expire on December 31, 2000.
KNOW ALL PERSONS BY THESE PRESENTS that STONE STREET EMPIRE CORP. (the
"Company") does hereby make, constitute and appoint each of Hans L. Reich and
Roger S. Begelman, acting individually, its true and lawful attorney, to execute
and deliver in its name and on its behalf whether the Company is acting
individually or as representative of others, any and all filings required to be
made by the Company under the Securities Exchange Act of 1934, as amended,
giving and granting unto each said attorney-in-fact power and authority to act
in the premises as fully and to all intents and purposes as the Company might or
could do if personally present by one of its authorized signatories, hereby
ratifying and confirming all that said attorney-in-fact shall lawfully do or
cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly subscribed these presents
as of December 28, 1998.
STONE STREET EMPIRE CORP.
By:/s/ Kaca B. Enquist
-------------------
Name: Kaca B. Enquist
Title: Vice President
