<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
(Rule 13d-101)
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. 4)(1)
LUND INTERNATIONAL HOLDINGS, INC.
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.10 per share.
- -------------------------------------------------------------------------------
(Title of Class of Securities)
550 368 104
- --------------------------------------------------------------------------------
(CUSIP Number)
Ira D. Kleinman
c/o Harvest Partners, Inc.
280 Park Avenue, 33rd Floor
New York, New York 10017
(212) 599-6300
------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
With Copies To:
Philip H. Werner, Esq.
Morgan, Lewis & Bockius LLP
101 Park Avenue
New York, New York 10178
(212) 309-6000
January 28, 1999
------------------------------------------------------------------------------
(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 that 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.
(Continued on following pages)
(Page 1 of 24 Pages)
(1) 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 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> 2
CUSIP No. 550368104 13D Page 2 of 24 Pages
- ---------------------------- --------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
LIH HOLDINGS, LLC EIN: 13-3961151
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 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
EACH 3,149,080
REPORTING -------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,149,080
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,149,080
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
49.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-2-
<PAGE> 3
CUSIP No. 550368104 13D Page 3 of 24 Pages
- ---------------------------- --------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
LIH INVESTORS, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 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
EACH 3,149,080
REPORTING -------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,149,080
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,149,080
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
49.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-3-
<PAGE> 4
CUSIP No. 550368104 13D Page 4 of 24 Pages
- ---------------------------- --------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
LIH MANAGEMENT, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 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
EACH 3,149,080
REPORTING -------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,149,080
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,149,080
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
49.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-4-
<PAGE> 5
CUSIP No. 550368104 13D Page 5 of 24 Pages
- ---------------------------- --------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
LIH, INC.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 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
EACH 3,149,080
REPORTING -------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,149,080
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,149,080
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
49.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-5-
<PAGE> 6
CUSIP No. 550368104 13D Page 6 of 24 Pages
- ---------------------------- --------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
LIH HOLDINGS II, LLC EIN: 13-3979586
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 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
EACH 3,149,080
REPORTING -------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,149,080
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,149,080
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
49.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-6-
<PAGE> 7
CUSIP No. 550368104 13D Page 7 of 24 Pages
- ---------------------------- --------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
LIH INVESTORS II, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 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
EACH 3,149,080
REPORTING -------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,149,080
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,149,080
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
49.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-7-
<PAGE> 8
CUSIP No. 550368104 13D Page 8 of 24 Pages
- ---------------------------- --------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
LIH MANAGEMENT II, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 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
EACH 3,149,080
REPORTING -------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,149,080
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,149,080
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
49.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-8-
<PAGE> 9
CUSIP No. 550368104 13D Page 9 of 24 Pages
- ---------------------------- --------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
HARVEST PARTNERS III, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 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
EACH 3,149,080
REPORTING -------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,149,080
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,149,080
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
49.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-9-
<PAGE> 10
CUSIP No. 550368104 13D Page 10 of 24 Pages
- ---------------------------- --------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
HARVEST PARTNERS III BETEILIGUNGSGESELLSCHAFT BURGERLICHEN
RECHTS (MIT HAFTUNGSBESCHRANKUNG)
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 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
EACH 3,149,080
REPORTING -------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,149,080
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,149,080
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
49.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-10-
<PAGE> 11
CUSIP No. 550368104 13D Page 11 of 24 Pages
- ---------------------------- --------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
HARVEST ASSOCIATES III, LLC
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 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
EACH 3,149,080
REPORTING -------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,149,080
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,149,080
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
49.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-11-
<PAGE> 12
CUSIP No. 550368104 13D Page 12 of 24 Pages
- ---------------------------- --------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
LIH HOLDINGS III, LLC
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 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
EACH 3,149,080
REPORTING -------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,149,080
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,149,080
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
49.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-12-
<PAGE> 13
CUSIP No. 550368104 13D Page 13 of 24 Pages
- ---------------------------- --------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
LIH INVESTORS III, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 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
EACH 3,149,080
REPORTING -------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,149,080
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,149,080
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
49.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-13-
<PAGE> 14
CUSIP No. 550368104 13D Page 14 of 24 Pages
- ---------------------------- --------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
LIH MANAGEMENT III, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 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
EACH 3,149,080
REPORTING -------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,149,080
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,149,080
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
49.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-14-
<PAGE> 15
This Amendment (the "Fourth Amendment") to the Statement on Schedule
13D originally filed on September 18, 1997 (the "Original Statement"), as
amended by the First Amendment to the Original Statement filed on November 26,
1997, by the Second Amendment to the Original Statement filed on January 7, 1998
and by the Third Amendment to the Original Statement filed on December 30, 1998
(as so amended, the "Statement"), amends Items 4, 6 and 7 of the Statement.
Capitalized terms used but not defined in this Fourth Amendment shall have the
respective meanings ascribed to them in the Statement.
Item 4. Purposes of Transactions
Item 4 as set forth in the Statement is amended by deleting the last
paragraph thereof and adding the following language at the end thereof:
The parties to the Second Amended and Restated Governance Agreement
have entered into an Amendment No. 1 to Second Amended and Restated Governance
Agreement dated as of January 27, 1999 (the "Amendment No. 1 to Second Amended
and Restated Governance Agreement"), in order to reflect a concurrent amendment
to the SB Investment Agreement pursuant to which LIH III agreed to purchase
shares of Series B Preferred Stock in lieu of the Common Stock which it had
initially agreed to purchase under the SB Investment Agreement (see Item 6
below). Accordingly, as amended by the Amendment No. 1 to Second Amended and
Restated Governance Agreement, the Second Amended and Restated Governance
Agreement provides that, until the Standstill Termination Date (September 9,
2000), each of the LIH Parties will not take any action or omit to take any
action to allow the aggregate number of voting securities of the Company
beneficially owned (as determined pursuant to Section 13d-3 of the Securities
Exchange Act of 1934, as amended) by the LIH Parties and their affiliates and
associates to exceed 3,149,080 shares, which number shall increase to include
the number of shares of Common Stock into which the Class B-1 Common Stock and
the Series B Preferred Stock is convertible, once the Class B-1 Common Stock and
the Series B Preferred Stock is converted (as adjusted for stock dividends,
splits, recombinations and the like) (the "Permitted Shares"), except for: (i)
any acquisition of voting securities from the Company which has been approved by
the vote of a majority of the Company's Independent Directors; and (ii) the
acquisition of voting securities pursuant to a tender or exchange offer made by
any LIH Party for all voting securities not owned by it after a third party
(other than the Company) has made a bona fide tender or exchange offer to
purchase 50% or more of the Company's voting securities.
The foregoing description of the Amendment No. 1 to Second Amended
and Restated Governance Agreement is qualified in its entirety by reference to
such amendment, a copy of which has been filed as an exhibit hereto.
Other than as set forth in the Statement as amended by this Fourth
Amendment, in the Second Amended and Restated Governance Agreement as amended by
the Amendment No. 1 to Second Amended and Restated Governance Agreement, in the
AVS Investment Agreement, in the Rights Agreement as amended by the First
Amendment to Rights Agreement (as defined in Item 6 below), in the Services
Agreement, and in the SB Investment Agreement as amended by the First Amendment
to SB Investment Agreement (as defined in item 6 below), none of the Reporting
Persons has any current plans or proposals which relate to or would result in
any of the results specified in paragraphs (a) through (j) of Item 4 of Schedule
13D.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
Item 6 as set forth in the Statement is amended by deleting the last
two paragraphs thereof and adding the following language at the end thereof:
-15-
<PAGE> 16
On January 28, 1999 (the "SB Closing Date"), the Company purchased
all of the outstanding capital stock of SmittyBilt. In connection with such
acquisition, the Company, LIH Holdings III, BancBoston, Liberty Mutual,
MassMutual, MMCI, MMPI and MMCVP executed the First Amendment dated as of
January 27, 1999, to the SB Investment Agreement (the "First Amendment to SB
Investment Agreement"), pursuant to which the Company agreed to sell and the
other parties thereto agreed to purchase, in the aggregate, an additional
31,605.6 shares of Series B Preferred Stock in lieu of the 316,056 shares of
Common Stock which was initially contemplated to be purchased, in the aggregate,
pursuant to the SB Investment Agreement, all without any change in the aggregate
purchase price and otherwise on the terms and conditions set forth in the SB
Investment Agreement.
Accordingly, on the SB Closing Date, pursuant to the SB Investment
Agreement as amended by the First Amendment to SB Investment Agreement, LIH
Holdings III purchased from the Company 15,771.2 shares of Series B Preferred
Stock in addition to the 31,847.8 shares of Series B Preferred Stock, and in
lieu of the 157,712 shares of Common Stock, which LIH Holdings III initially
agreed to purchase pursuant to the SB Investment Agreement.
Additionally, the parties to the Rights Agreement have entered into
the First Amendment dated as of January 27, 1999 to the Rights Agreement (the
"First Amendment to the Rights Agreement"). The First Amendment to Rights
Agreement amends the recitals to the Rights Agreement in order to reflect that
the SB Investment Agreement has been amended as described above.
The foregoing descriptions of the First Amendment to SB Investment
Agreement and the First Amendment to Rights Agreement are qualified in their
entirety by reference to such amendments, copies of which have been filed as
exhibits hereto.
Except as otherwise disclosed in the Statement as amended by this
Fourth Amendment, none of the Reporting Persons, nor, to the best of their
knowledge, any persons listed on Schedule A to the Statement has any contracts,
arrangements, understandings or relationships (legal or otherwise) with any
person with respect to the securities of the Company.
Other than the Stock Purchase Agreement, the Investment Agreement,
the Second Amended and Restated Governance Agreement as amended by the Amendment
No. 1 to Second Amended and Restated Governance Agreement, the Services
Agreement, the AVS Investment Agreement, the Rights Agreement as amended by the
First Amendment to Rights Agreement, and the SB Investment Agreement as amended
by the First Amendment to SB Investment Agreement, there are no contracts,
arrangements, understandings or relationships (legal or otherwise) among the
Reporting Persons and between such persons and any other person with respect to
any securities of the Company, including, but not limited to, transfer or voting
of any of the securities, finder's fees, joint ventures, loan or option
arrangements, put or calls, guarantees of profits, division of profits or
losses, or the giving or withholding of proxies.
Item 7. Materials to Be Filed as Exhibits
The following materials are filed as Exhibits to the Statement, as
amended by this Fourth Amendment:
A. Information with respect to officers and directors of LIH Holdings,
LLC*+
B. Information with respect to Partners of LIH Investors, L.P.*+
-16-
<PAGE> 17
C. Information with respect to Partners of LIH Management, L.P.*+
D. Information with respect to officers and directors of LIH, Inc.*+
E. Stock Purchase Agreement dated as of September 9, 1997 by and among LIH
Holdings, LLC, Allan W. Lund, the Lund Family Limited Partnership, the
Lois and Allan Lund Family Foundation and certain Lund Family Members.*
F. Services Agreement dated as of September 9, 1997 between Harvest Partners,
Inc. and Lund International Holdings, Inc.*
G. Investment Agreement dated as of November 25, 1997 between LIH Holdings
II, LLC and Lund International Holdings, Inc.*
H. Series A Preferred Stock Certificate of Designation.*
I. Class B-1 Common Stock Certificate of Designation.*
J. Investment Agreement dated as of December 22, 1998 among LIH Holdings III,
LLC, BancBoston Capital Inc., Liberty Mutual Insurance Company,
Massachusetts Mutual Life Insurance Company, MassMutual Corporate
Investors, MassMutual Participation Investors, MassMutual Corporate Value
Partners Limited and Lund International Holdings, Inc. (the AVS Investment
Agreement).*
K. Second Amended and Restated Governance Agreement dated as of December 22,
1998 among LIH Holdings, LLC, LIH Holdings II, LLC, LIH Holdings III, LLC,
Harvest Partners III, L.P. and Lund International Holdings, Inc.*
L. Rights Agreement dated as of December 22, 1998 among Lund International
Holdings, Inc. and the participating stockholders party thereto.*
M. Series B Preferred Stock Certificate of Designation.*
N. Investment Agreement dated as of December 22, 1998 among LIH Holdings III,
LLC, BancBoston Capital Inc., Liberty Mutual Insurance Company,
Massachusetts Mutual Life Insurance Company, MassMutual Corporate
Investors, MassMutual Participation Investors, MassMutual Corporate Value
Partners Limited and Lund International Holdings, Inc. (the SB Investment
Agreement).*
O. Amendment No. 1 to Second Amended and Restated Governance Agreement dated
as of January 27, 1999 among LIH Holdings, LLC, LIH Holdings II, LLC, LIH
Holdings III, LLC, Harvest Partners III, L.P. and Lund International
Holdings, Inc.
P. First Amendment to Rights Agreement dated as of January 27, 1999 among
Lund International Holdings, Inc. and the participating stockholders party
thereto.
Q. Amendment No. 1 to Series B Preferred Stock Certificate of Designation.
R. First Amendment to Investment Agreement (SB Investment Agreement) dated as
of January 27, 1999 among LIH Holdings III, LLC, BancBoston Capital Inc.,
Liberty Mutual Insurance Company,
-17-
<PAGE> 18
Massachusetts Mutual Life Insurance Company, MassMutual Corporate
Investors, MassMutual Participation Investors, MassMutual Corporate Value
Partners Limited and Lund International Holdings, Inc.
- ----------------
* Previously filed
+ Superseded by Schedule A (as filed with the Third Amendment to the
Original Statement)
-18-
<PAGE> 19
SIGNATURE
After reasonable inquiry and to the best of the knowledge and belief
of each of the undersigned, each of the undersigned certifies that the
information set forth in this Fourth Amendment with respect to the undersigned
is true, complete and correct and each of the undersigned agrees that this
Fourth Amendment may be filed jointly.
Dated: February __, 1999
LIH Holdings, LLC
By: /s/ Harvey J. Wertheim
------------------------------------
Name: Harvey J. Wertheim
Title: Manager
LIH Investors, L.P.
By: LIH Management, L.P.,
its General Partner
By: LIH, Inc.
its General Partner
By: /s/ Harvey J. Wertheim
------------------------------------
Name: Harvey J. Wertheim
Title: Chairman and Chief Executive Officer
LIH Management, L.P.
By: LIH, Inc.,
its General Partner
By: /s/ Harvey J. Wertheim
------------------------------------
Name: Harvey J. Wertheim
Title: Chairman and Chief Executive Officer
LIH, Inc.
By: /s/ Harvey J. Wertheim
------------------------------------
Name: Harvey J. Wertheim
Title: Chairman and Chief Executive Officer
-19-
<PAGE> 20
LIH Holdings II, LLC
By: /s/ Ira D. Kleinman
------------------------------------
Name: Ira D. Kleinman
Title: Authorized Person
LIH Investors II, L.P.
By: LIH Management II, L.P.,
its General Partner
By: LIH, Inc.,
its General Partner
By: /s/ Harvey J. Wertheim
------------------------------------
Name: Harvey J. Wertheim
Title: Chairman and Chief Executive Officer
LIH Management II, L.P.
By: LIH, Inc.,
its General Partner
By: /s/ Harvey J. Wertheim
------------------------------------
Name: Harvey J. Wertheim
Title: Chairman and Chief Executive Officer
Harvest Partners III, L.P.
By: Harvest Associates III, LLC,
its General Partner
By: /s/ Harvey J. Wertheim
------------------------------------
Name: Harvey J. Wertheim
Title: Manager
-20-
<PAGE> 21
Harvest Partners III Beteiligungsgesellschaft
burgerlichen Rechts (mit Haftungsbeschrankung)
By: Harvest Associates III, LLC,
its Administrative Partner
By: /s/ Harvey J. Wertheim
------------------------------------
Name: Harvey J. Wertheim
Title: Manager
Harvest Associates III, LLC
By: /s/ Harvey J. Wertheim
------------------------------------
Name: Harvey J. Wertheim
Title: Manager
LIH Holdings III, LLC
By: /s/ Ira D. Kleinman
------------------------------------
Name: Ira D. Kleinman
Title: Authorized Person
LIH Investors III, L.P.
By: LIH Management III, L.P.,
its General Partner
By: LIH, Inc.,
its General Partner
By: /s/ Harvey J. Wertheim
------------------------------------
Name: Harvey J. Wertheim
Title: Chairman and Chief Executive Officer
-21-
<PAGE> 22
LIH Management III, L.P.
By: LIH, Inc.,
its General Partner
By: /s/ Harvey J. Wertheim
------------------------------------
Name: Harvey J. Wertheim
Title: Chairman and Chief Executive Officer
-22-
<PAGE> 23
SCHEDULE A
EXHIBIT INDEX
The Governance Agreement dated as of September 9, 1997 between LIH
Holdings and the Company (formerly Exhibit F) and the Amended and Restated
Governance Agreement dated as of November 25, 1997 among LIH Holdings, LIH
Holdings II, HP III, and the Company (formerly Exhibit H) have been superseded
by the Second Amended and Restated Governance Agreement dated as of December 22,
1998 (Exhibit K).
The following materials are filed as Exhibits to the Statement, as amended
by this Fourth Amendment:
A. Information with respect to officers and directors of LIH Holdings, LLC*+
B. Information with respect to Partners of LIH Investors, L.P.*+
C. Information with respect to Partners of LIH Management, L.P.*+
D. Information with respect to officers and directors of LIH, Inc.*+
E. Stock Purchase Agreement dated as of September 9, 1997 by and among LIH
Holdings, LLC, Allan W. Lund, the Lund Family Limited Partnership, the
Lois and Allan Lund Family Foundation and certain Lund Family Members.*
F. Services Agreement dated as of September 9, 1997 between Harvest Partners,
Inc. and Lund International Holdings, Inc.*
G. Investment Agreement dated as of November 25, 1997 between LIH Holdings
II, LLC and Lund International Holdings, Inc.*
H. Series A Preferred Stock Certificate of Designation.*
I. Class B-1 Common Stock Certificate of Designation.*
J. Investment Agreement dated as of December 22, 1998 among LIH Holdings III,
LLC, BancBoston Capital Inc., Liberty Mutual Insurance Company,
Massachusetts Mutual Life Insurance Company, MassMutual Corporate
Investors, MassMutual Participation Investors, MassMutual Corporate Value
Partners Limited and Lund International Holdings, Inc. (the AVS Investment
Agreement).*
K. Second Amended and Restated Governance Agreement dated as of December 22,
1998 among LIH Holdings, LLC, LIH Holdings II, LLC, LIH Holdings III, LLC,
Harvest Partners III, L.P. and Lund International Holdings, Inc.*
L. Rights Agreement dated as of December 22, 1998 among Lund International
Holdings, Inc. and the participating stockholders party thereto.*
M. Series B Preferred Stock Certificate of Designation.*
N. Investment Agreement dated as of December 22, 1998 among LIH Holdings III,
LLC, BancBoston Capital Inc., Liberty Mutual Insurance Company,
Massachusetts Mutual Life Insurance Company,
-23-
<PAGE> 24
MassMutual Corporate Investors, MassMutual Participation Investors,
MassMutual Corporate Value Partners Limited and Lund International
Holdings, Inc. (the SB Investment Agreement).*
O. Amendment No. 1 to Second Amended and Restated Governance Agreement dated
as of January 27, 1999 among LIH Holdings, LLC, LIH Holdings II, LLC, LIH
Holdings III, LLC, Harvest Partners III, L.P. and Lund International
Holdings, Inc.
P. First Amendment to Rights Agreement dated as of January 27, 1999 among
Lund International Holdings, Inc. and the participating stockholders party
thereto.
Q. Amendment No. 1 to Series B Preferred Stock Certificate of Designation.
R. First Amendment to Investment Agreement (SB Investment Agreement) dated as
of January 27, 1999 among LIH Holdings III, LLC, BancBoston Capital Inc.,
Liberty Mutual Insurance Company, Massachusetts Mutual Life Insurance
Company, MassMutual Corporate Investors, MassMutual Participation
Investors, MassMutual Corporate Value Partners Limited and Lund
International Holdings, Inc.
- ----------------
* Previously filed
+ Superseded by Schedule A (as filed with the Third Amendment to the
Original Statement)
-24-
<PAGE> 1
AMENDMENT NO. 1
TO
SECOND AMENDED AND RESTATED GOVERNANCE AGREEMENT
This Amendment No. 1 to Second Amended and Restated Governance
Agreement, dated as of January 27, 1999, among Lund International Holdings,
Inc., a Delaware corporation, LIH Holdings, LLC, a Delaware limited liability
company, LIH Holdings II, LLC, a Delaware limited liability company, and LIH
Holdings III, LLC, a Delaware limited liability company;
WITNESSETH:
WHEREAS, the parties hereto, which are the parties to the Second
Amended and Restated Governance Agreement (the "Agreement"), dated as of
December 22, 1998, desire to amend it as set forth herein;
NOW, THEREFORE, in consideration of the foregoing and the mutual
covenants and agreements contained herein and intending to be legally bound
hereby, the Company, LIH, LIH II and LIH III hereby agree as follows:
1. Section 4.11 of the Agreement is hereby amended to read in its
entirety as follows:
Section 4.11. "Permitted Shares" shall mean 3,149,080 shares of Common
Stock, which number shall increase to include the number of shares of Common
Stock into which the Class B-1 Common Stock and the Series B Preferred Stock is
convertible, once the Class B-1 Common Stock and the Series B Preferred Stock is
converted (as adjusted for stock dividends, splits, recombinations and the
like).
2. This Amendment is effective as of the date hereof, and is limited to
matters expressly set forth herein and in all other respects, the Agreement
shall remain unchanged and all terms thereof shall remain in full force and
effect.
<PAGE> 2
IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1
to Second Amended and Restated Governance Agreement to be executed as of the
date first referred to above.
LUND INTERNATIONAL HOLDINGS, INC.
By: /s/ Dennis W. Vollmershausen
----------------------------
Its President
----------------------------
LIH HOLDINGS, LLC
By: /s/ Ira D. Kleinman
----------------------------
Its Manager
----------------------------
LIH HOLDINGS II, LLC
By: /s/ Ira D. Kleinman
-----------------------------
Its Manager
-----------------------------
LIH HOLDINGS III, LLC
By: /s/ Ira D. Kleinman
-----------------------------
Its Manager
-----------------------------
2
<PAGE> 1
FIRST AMENDMENT
TO
RIGHTS AGREEMENT
THIS FIRST AMENDMENT (this "First Amendment"), dated as of
January 27, 1999, is among LUND INTERNATIONAL HOLDINGS, INC., a Delaware
corporation (the "Company"), LIH HOLDINGS, LLC, a Delaware limited liability
company ("LIH Holdings I"), LIH HOLDINGS II, LLC, a Delaware limited liability
company ("LIH Holdings II"), LIH HOLDINGS III, LLC, a Delaware limited liability
company ("LIH Holdings III"; LIH Holdings I, LIH Holdings II and LIH Holdings
III being hereinafter collectively referred to as the "LIH Entities"),
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY, a Massachusetts corporation
("MassMutual"), MASSMUTUAL CORPORATE INVESTORS, a Massachusetts business trust
("MMCI"), MASSMUTUAL PARTICIPATION INVESTORS, a Massachusetts business trust
("MMPI"), MASSMUTUAL CORPORATE VALUE PARTNERS LIMITED, a Cayman Islands
corporation ("MMCVP"; MassMutual, MMCI, MMPI and MMCVP being hereinafter
collectively referred to as the "MassMutual Entities"), LIBERTY MUTUAL INSURANCE
COMPANY, a Massachusetts corporation ("Liberty Mutual"), BANCBOSTON CAPITAL
INC., a Massachusetts corporation ("BancBoston"), and NATIONAL CITY VENTURE
CORPORATION, a Delaware corporation ("NCVC"; NCVC and the MassMutual Entities
being hereinafter collectively referred to as the "Mezzanine Entities").
WHEREAS, the parties hereto originally entered into the Rights
Agreement, dated as of December 22, 1998 (the "Rights Agreement"), whereby each
of the parties thereto desired to provide for, among other things, registration
rights with respect to the Common Stock (as defined below) and to impose
restrictions on, and conditions to, certain transfers of equity securities of
the Company;
WHEREAS, the Purchasers (as defined in the Investment
Agreement) and the Company originally entered into the Investment Agreement,
dated as of December 22, 1998 (the "Investment Agreement"), whereby the Company
agreed to sell, and the Purchasers agreed to purchase, in the aggregate, 316,056
shares of the Common Stock, par value $0.10 per share (the "Common Stock"), of
the Company and 39,822.9 shares of the Series B Preferred Stock, par value $.01
per share (the "Series B Preferred Stock"), of the Company for an aggregate
purchase price equal to $5,000,000 (the "Aggregate Purchase Price") in order to
provide a portion of the funds for the acquisition of all of the outstanding
capital stock of Smitty Bilt, Inc. (the "Target");
WHEREAS, the Company and the stockholders of the Target have
entered into a definitive Stock Purchase Agreement, dated as of January 7, 1998
(as the same may be amended, supplemented or otherwise modified from time to
time in accordance with the provisions thereof, the "Stock Purchase Agreement");
<PAGE> 2
WHEREAS, in lieu of the purchase and sale of the 316,056
shares of Common Stock contemplated by the Investment Agreement, the Company now
desires to sell to each of the Purchasers, and each of the Purchasers desires to
purchase from the Company, in the aggregate, an additional 31,605.6 shares of
Series B Preferred Stock (in addition to the aforementioned 39,822.9 shares of
Series B Preferred Stock), all without any change in the Aggregate Purchase
Price and otherwise on the terms and subject to the conditions set forth in the
Investment Agreement which is being amended to reflect the same by a First
Amendment to the Investment Agreement, dated as of the date hereof, among the
Purchasers and the Company (the "First Amendment to the Investment Agreement");
and
WHEREAS, each of the LIH Entities, the Mezzanine Entities,
Liberty Mutual, BancBoston and the Company desire to amend the Rights Agreement
to provide for changes to the recitals to the Rights Agreement in order to
accurately describe the securities to be sold to the Purchasers pursuant to the
Investment Agreement as amended by the First Amendment to the Investment
Agreement.
NOW, THEREFORE, in consideration of the mutual covenants and
agreements set forth in this First Amendment, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto hereby agree to amend the Rights Agreement as follows:
ARTICLE I
AMENDMENT TO RIGHTS AGREEMENT
Effective as of the date hereof:
1.1 RECITALS. The third whereas clause of the Rights Agreement
is hereby amended by deleting "316,056 Shares of Common Stock and 39,822.9" in
the penultimate line thereof and replacing it with "71,428.5".
ARTICLE II
MISCELLANEOUS
2.1 AGREEMENT. Except as expressly amended hereby, the Rights
Agreement shall continue in full force and effect in accordance with the
provisions thereof on the date hereof, and this First Amendment shall not be
deemed to waive or amend any provision of the Rights Agreement except as
expressly set forth herein.
2
<PAGE> 3
2.2 HEADINGS, CERTAIN CONVENTIONS. The headings used in this
First Amendment have been inserted for convenience of reference only and do not
define or limit any terms or provisions hereof. Unless the context otherwise
expressly requires, all references herein to Articles, Sections and Exhibits are
to Articles and Sections of, and Exhibits to, this First Amendment. The words
"herein," "hereunder" and "hereof" and words of similar import refer to this
First Amendment as a whole and not to any particular Section or provision. The
words "include," "includes" and "including" shall be deemed to be followed by
the phrase "without limitation."
2.3 GOVERNING LAW. This First Amendment shall be governed by
and construed in accordance with the domestic laws of the State of New York,
without giving effect to any choice of law or conflict of law provision or rule
(whether of the State of New York or any other jurisdiction) that would cause
the application of the laws of any jurisdiction other than the State of New
York.
2.4 COUNTERPARTS; EFFECTIVENESS. This First Amendment may be
executed in any number of counterparts, each of which will be deemed an
original, but all of which together will constitute one and the same instrument.
This First Amendment shall become effective as of the date hereof.
2.5 DEFINITIONS. Unless otherwise specifically used herein,
each term used herein which is defined in the Rights Agreement shall have the
meaning assigned to such term in the Rights Agreement. Unless the context
otherwise specifically requires, each reference to "hereof", "hereunder",
"herein" and "hereby" and each other similar reference and each reference to
"this Agreement" and each other similar reference contained in the Rights
Agreement shall from and after the date hereof refer to the Rights Agreement as
amended hereby.
[SIGNATURE PAGE TO FOLLOW]
3
<PAGE> 4
IN WITNESS WHEREOF, this Amendment has been duly executed and
delivered by the duly authorized officer or other representative of each party
hereto as of the date first above written.
LUND INTERNATIONAL HOLDINGS, INC.
By: /s/ Ronald C. Fox
----------------------------------
Name: Ronald C. Fox
Title: Treasurer
LIH HOLDINGS, LLC
By: /s/ Ira D. Kleinman
----------------------------------
Name: Ira D. Kleinman
Title: Authorized Person
LIH HOLDINGS II, LLC
By: /s/ Ira D. Kleinman
----------------------------------
Name: Ira D. Kleinman
Title: Authorized Person
LIH HOLDINGS III, LLC
By: /s/ Ira D. Kleinman
----------------------------------
Name: Ira D. Kleinman
Title: Authorized Person
LIBERTY MUTUAL INSURANCE COMPANY
By: /s/ A. Alexander Fontanes
----------------------------------
Name: A. Alexander Fontanes
Title: Senior Vice President and
Chief Investment Officer
4
<PAGE> 5
BANCBOSTON CAPITAL INC.
By: /s/ Timothy H. Robinson
---------------------------------
Name: Timothy H. Robinson
Title: Vice President
MASSACHUSETTS MUTUAL LIFE
INSURANCE COMPANY
By: /s/ Michael L. Klofas
---------------------------------
Name: Michael L. Klofas
Title: Managing Director
MASSMUTUAL CORPORATE VALUE
PARTNERS LIMITED
By Massachusetts Mutual Life Insurance
Company, as Investment Advisor
By: /s/ Michael L. Klofas
---------------------------------
Name: Michael L. Klofas
Title: Managing Director
MASSMUTUAL CORPORATE INVESTORS
By: /s/ Michael L. Klofas
---------------------------------
Name: Michael L. Klofas
Title: Vice President
The foregoing is executed on behalf of MassMutual
Corporate Investors, organized under a Declaration
of Trust, dated September 13, 1985, as amended
from time to time. The obligations of such Trust
are not personally binding upon, nor shall resort
be had to the property of any of the Trustees.
Shareholders, officers, employees or agents of
such Trust, but the Trust's property only shall
be bound.
[SIGNATURE PAGE TO FIRST AMENDMENT TO RIGHTS AGREEMENT]
5
<PAGE> 6
MASSMUTUAL PARTICIPATION INVESTORS
By: /s/ Michael L. Klofas
-------------------------------
Name: Michael L. Klofas
Title: Vice President
The foregoing is executed on behalf
of MassMutual Participation
Investors, organized under a
Declaration of Trust, dated April 7,
1988, as amended from time to time.
The obligations of such Trust are
not personally binding upon, nor
shall resort be had to the property
of, any of the Trustees,
shareholders, officers, employees or
agents of such Trust, but the
Trust's property only shall be
bound.
NATIONAL CITY VENTURE CORPORATION
By: /s/ Christopher P. Dowd
-----------------------------
Name: Christopher P. Dowd
Title: Vice President
[SIGNATURE PAGE TO FIRST AMENDMENT TO RIGHTS AGREEMENT]
6
<PAGE> 1
AMENDMENT NO. 1
TO
CERTIFICATE OF DESIGNATION, PREFERENCES AND RIGHTS
OF SERIES B PREFERRED STOCK
LUND INTERNATIONAL HOLDINGS, INC.
PURSUANT TO SECTION 151 OF THE GENERAL CORPORATION LAW
OF THE STATE OF DELAWARE
The undersigned, Dennis W. Vollmershausen, hereby certifies that:
A. He is the duly elected and acting Chief Executive Officer of LUND
INTERNATIONAL HOLDINGS, INC., a Delaware corporation (the "Corporation").
B. Pursuant to authority given by the Corporation's Certificate of
Incorporation, as amended through the date hereof (the "Certificate of
Incorporation"), the Board of Directors of the Corporation duly adopted
resolutions as December 18, 1998, creating a new series of 362,709 shares of
Preferred Stock designated as "Series B Preferred Stock" and authorizing the
filing of a Certificate of Designation, Preferences and Rights of Series B
Preferred Stock.
C. Pursuant to authority given by the Corporation's Certificate of
Incorporation, the Board of Directors of the Corporation duly adopted
resolutions on January 26, 1999 to amend the Certificate of Designation,
Preferences and Rights of Series B Preferred Stock to increase the number of
shares of the Series B Preferred Stock to 394,315 (the "Amending Resolutions").
D. The Amending Resolutions contained herein have not been modified,
altered or amended and are presently in full force and effect.
RESOLVED, that pursuant to the authority expressly vested in the Board
of Directors of the Corporation by Article Fourth of the Certificate of
Incorporation, the Board of Directors hereby amends in its entirety Section
4D(i) of the Certificate of Designation, Preferences and Rights of Series B
Preferred Stock, to read in its entirety as follows:
4D. Series B Preferred Stock
(i) Designation: Stated Value. There shall be a series of Preferred
Stock designated as "Series B Preferred Stock." The number of shares
constituting such series shall be 394,315. The Series B Preferred Stock shall
have a stated value of $70.00 per share (the "Stated Value").
<PAGE> 2
FURTHER RESOLVED, This Amendment is effective as of the date hereof,
and is limited to matters expressly set forth herein and that in all other
respects the Certificate of Designation, Preferences and Rights of Series B
Preferred Stock shall remain unchanged and all terms thereof shall remain in
full force and effect.
FURTHER RESOLVED, that the Board of Directors hereby authorizes and
directs the officers of the Corporation, in the name of and on behalf of the
Corporation, and to the extent required under its corporate seal, to execute and
deliver any and all other instruments, certificates and other documents, and to
do any and all other acts and things, including the expenditure of corporate
funds, that said officers shall deem necessary or appropriate in order to fully
carry out the intent and accomplish the purposes of the resolutions adopted
hereby.
IN WITNESS WHEREOF, the Corporation has caused its corporate seal to be
hereunto affixed and this Certificate to be signed by Dennis W. Vollmershausen,
its Chief Executive Officer, and attested by Ron Fox, its Assistant Secretary,
this 27th day of January, 1999.
LUND INTERNATIONAL HOLDINGS, INC.
By: /s/ Dennis W. Vollmershausen
-----------------------------
Name: Dennis W. Vollmershausen
Title: Chief Executive Officer
Attest:
/s/ Ron Fox
- ----------------------------
Name: Ron Fox
Title: Assistant Secretary
2
<PAGE> 1
FIRST AMENDMENT
TO
INVESTMENT AGREEMENT
THIS FIRST AMENDMENT TO INVESTMENT AGREEMENT (this "First
Amendment"), dated as of January 27, 1999, is among LIH HOLDINGS III, LLC, a
Delaware limited liability company ("LIH Holdings III"), MASSACHUSETTS MUTUAL
LIFE INSURANCE COMPANY, a Massachusetts corporation ("MassMutual"), MASSMUTUAL
CORPORATE INVESTORS, a Massachusetts business trust ("MMCI"), MASSMUTUAL
PARTICIPATION INVESTORS, a Massachusetts business trust ("MMPI"), and MASSMUTUAL
CORPORATE VALUE PARTNERS LIMITED, a Cayman Islands corporation ("MMCVP";
MassMutual, MMCI, MMPI and MMCVP being hereinafter collectively referred to as
the "MassMutual Entities"), LIBERTY MUTUAL INSURANCE COMPANY, a Massachusetts
corporation ("Liberty Mutual"), BANCBOSTON CAPITAL INC., a Massachusetts
corporation ("BancBoston"; LIH Holdings III, the MassMutual Entities, Liberty
Mutual and BancBoston being hereinafter collectively referred to as the
"Purchasers"), and LUND INTERNATIONAL HOLDINGS, INC., a Delaware corporation
(the "Company").
WHEREAS, the Purchasers and the Company originally entered
into the Investment Agreement, dated as of December 22, 1998 (the "Investment
Agreement"), whereby the Company agreed to sell, and the Purchasers agreed to
purchase, in the aggregate, 316,056 shares of the Common Stock, par value $0.10
per share (the "Common Stock"), of the Company and 39,822.9 shares of the Series
B Preferred Stock, par value $.01 per share (the "Series B Preferred Stock"), of
the Company for an aggregate purchase price equal to $5,000,000 (the "Aggregate
Purchase Price") in order to provide a portion of the funds for the acquisition
of all of the outstanding capital stock of Smitty Bilt, Inc. (the "Target");
WHEREAS, the Company and the stockholders of the Target have
entered into a definitive Stock Purchase Agreement, dated as of January 7, 1998
(as the same may be amended, supplemented or otherwise modified from time to
time in accordance with the provisions thereof, the "Stock Purchase Agreement");
WHEREAS, in lieu of the purchase and sale of the 316,056
shares of Common Stock contemplated by the Investment Agreement, the Company now
desires to sell to each of the Purchasers, and each of the Purchasers desires to
purchase from the Company, in the aggregate, an additional 31,605.6 shares of
Series B Preferred Stock (in addition to the aforementioned 39,822.9 shares of
Series B Preferred Stock), all without any change in the Aggregate Purchase
Price and otherwise on the terms and subject to the conditions set forth in the
Investment Agreement as amended by this First Amendment; and
<PAGE> 2
WHEREAS, the Purchasers and the Company desire to amend the
Investment Agreement to provide for the changes described above.
NOW, THEREFORE, in consideration of the mutual covenants and
agreements set forth in this First Amendment, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto hereby agree to amend the Investment Agreement as follows:
ARTICLE I
AMENDMENTS TO INVESTMENT AGREEMENT
Effective as of the date hereof:
1.1 Series B Certificate of Designation. The definition of
"Series B Certificate of Designation" is hereby amended to read in its entirety
as follows:
""Series B Certificate of Designation" means, collectively,
(i) the Certificate of Designation with respect to the Series
B Preferred Stock filed with the Secretary of State of the
State of Delaware of December 22, 1998, and (ii) an amendment
to such Certificate of Designation, to be filed with the
Secretary of State of the State of Delaware prior to the
Closing, which has the sole effect of increasing the number of
shares of Series B Preferred Stock authorized by such
Certificate of Designation to 394,315."
1.2 Section 2.1. Section 2.1 of the Investment Agreement is
hereby amended by deleting "Common Stock and" in the third line of the first
sentence thereof.
1.3 Section 3.3. (a) Section 3.3 of the Investment Agreement
is hereby amended by replacing "292,225" with "394,315" in clause (i) thereof.
(b) Section 3.3 of the Investment Agreement is hereby amended
by replacing: "6,626,838" with "6,310,782", and "292,224.7" with "323,830.3", in
clause (ii) thereof.
1.4 Section 5.5. Section 5.5 of the Investment Agreement is
hereby amended to read in its entirety as follows:
"5.5 Nasdaq National Market. As soon as practicable after any
conversion of the Series B Preferred Stock, the Company shall
cause the shares of Common Stock issuable upon such conversion
of the Series B Preferred Stock to be approved for listing,
subject to notice of issuance, by the Nasdaq National Market."
2
<PAGE> 3
1.5 Section 6.13. Section 6.13 of the Investment Agreement is
hereby deleted from the Investment Agreement in its entirety.
1.6 Schedule I. Schedule I to the Investment Agreement is
hereby amended by deleting in its entirety Schedule I thereto and substituting
therefor Schedule I attached hereto. Accordingly, all references to Schedule I
in the Investment Agreement shall hereafter refer to Schedule I attached hereto.
ARTICLE II
MISCELLANEOUS
2.1 Agreement. Except as expressly amended hereby, the
Investment Agreement shall continue in full force and effect in accordance with
the provisions thereof on the date hereof, and this First Amendment shall not be
deemed to waive or amend any provision of the Investment Agreement except as
expressly set forth herein.
2.2 Headings; Construction. The headings used in this First
Amendment have been inserted for convenience of reference only and do not define
or limit the provisions hereof. The parties hereto agree that this First
Amendment is the product of negotiation between sophisticated parties and
individuals, all of whom were represented by counsel, and each of whom had an
opportunity to participate in and did participate in, the drafting of each
provision hereof. Accordingly, ambiguities in this First Amendment, if any,
shall not be construed strictly or in favor of or against any party hereto but
rather shall be given a fair and reasonable construction without regard to the
rule of contra proferentum.
2.3 Governing Law. This First Amendment shall be governed by
and construed in accordance with the laws of the State of New York, without
giving effect to any choice of law or conflict of law provision or rule (whether
of the State of New York or any other jurisdiction) that would cause the
application of the laws of any jurisdiction other than the State of New York.
2.4 Counterparts; Effectiveness. This First Amendment may be
executed in any number of counterparts, each of which will be deemed an
original, but all of which together will constitute one and the same instrument.
This First Amendment shall become effective as of the date hereof.
2.5 Definitions. Unless otherwise specifically defined herein,
each term used herein which is defined in the Investment Agreement shall have
the meaning assigned to such term in the Investment Agreement. Unless the
context otherwise specifically requires, each reference to "hereof",
"hereunder", "herein" and "hereby" and each other similar reference and each
reference to "this Agreement" and each other similar reference contained in the
Investment Agreement shall from and after the date hereof refer to the
Investment Agreement as amended hereby.
3
<PAGE> 4
IN WITNESS WHEREOF, this First Amendment has been duly
executed and delivered by the duly authorized officer or other representative of
each party hereto as of the date first above written.
LUND INTERNATIONAL HOLDINGS, INC.
By: /s/ Ronald C. Fox
-------------------------------------------
Name: Ronald C. Fox
Title: Treasurer
LIH HOLDINGS III, LLC
By: /s/ Ira D. Kleinman
-------------------------------------------
Name: Ira D. Kleinman
Title: Authorized Person
LIBERTY MUTUAL INSURANCE COMPANY
By: /s/ A. Alexander Fontanes
-------------------------------------------
Name: A. Alexander Fontanes
Title: Senior Vice President and
Chief Investment Officer
BANCBOSTON CAPITAL INC.
By: /s/ Timothy H. Robinson
-------------------------------------------
Name: Timothy H. Robinson
Title: Vice President
[SIGNATURE PAGE TO FIRST AMENDMENT TO INVESTMENT AGREEMENT]
<PAGE> 5
MASSACHUSETTS MUTUAL LIFE
INSURANCE COMPANY
By: /s/ Michael P. Hermsen
-------------------------------------------
Name: Michael P. Hermsen
Title: Managing Director
MASSMUTUAL CORPORATE INVESTORS
By: /s/ Michael P. Hermsen
-------------------------------------------
Name: Michael P. Hermsen
Title: Vice President
The foregoing is executed on behalf
of MassMutual Corporate Investors,
organized under a Declaration of
Trust, dated September 13, 1985, as
amended from time to time. The
obligations of such Trust are not
personally binding upon, nor shall
resort be had to the property of,
any of the Trustees, shareholders,
officers, employees or agents of
such Trust, but the Trust's property
only shall be bound.
MASSMUTUAL PARTICIPATION INVESTORS
By: /s/ Michael P. Hermsen
-------------------------------------------
Name: Michael P. Hermsen
Title: Vice President
The foregoing is executed on behalf
of MassMutual Participation
Investors, organized under a
Declaration of Trust, dated April 7,
1988, as amended from time to time.
The obligations of such Trust are
not personally binding upon, nor
shall resort be had to the property
of, any of the Trustees,
shareholders, officers, employees or
agents of such Trust, but the
Trust's property only shall be
bound.
[SIGNATURE PAGE TO FIRST AMENDMENT TO INVESTMENT AGREEMENT]
<PAGE> 6
MASSMUTUAL CORPORATE VALUE
PARTNERS LIMITED
By Massachusetts Mutual Life Insurance
Company, as Investment Advisor
By: /s/ Michael P. Hermsen
-------------------------------------------
Name: Michael P. Hermsen
Title: Managing Director
[SIGNATURE PAGE TO FIRST AMENDMENT TO INVESTMENT AGREEMENT]
<PAGE> 7
SCHEDULE I
<TABLE>
<CAPTION>
PURCHASED
SECURITIES:
SERIES B AGGREGATE
PURCHASER PREFERRED STOCK PURCHASE PRICE ADDRESS FOR NOTICES
- --------- --------------- -------------- -------------------
<S> <C> <C> <C>
LIH Holdings III, 47,619.0 shares $3,333,333 LIH Holdings III, LLC
LLC c/o Harvest Partners, Inc.
280 Park Avenue
33rd Floor
New York, NY 10017
Attn: Ira D. Kleinman
Facsimile No.: (212) 812-0100
Liberty Mutual 9,523.8 shares $666,667 Liberty Mutual Insurance Company
Insurance Company 175 Berkeley Street
Boston, MA 02117
Attn: Jeffrey Moy
Facsimile No.: (617) 574-6971
BancBoston Capital 9,523.8 shares $666,667 BancBoston Capital Inc.
Inc. 175 Federal Street
Mail Stop 75-10-01
Boston, MA 02110
Attn: Timothy Robinson
Facsimile No.: (617) 434-1153
Massachusetts 1,971.4 shares $137,998 Massachusetts Mutual Life
Mutual Life Insurance Company
Insurance Company 1295 State Street
Springfield, MA 01111
Attn: Michael L. Klofas
Facsimile No.: (413) 846-5035
MassMutual 1,314.3 shares $92,001 MassMutual Corporate Value
Corporate Value Partners Limited
Partners Limited c/o Massachusetts Mutual Life
Insurance Company
1295 State Street
Springfield, MA 01111
Attn: Michael L. Klofas
Facsimile No.: (413) 846-5035
</TABLE>
<PAGE> 8
<TABLE>
<CAPTION>
PURCHASED
SECURITIES: SERIES
B PREFERRED AGGREGATE
PURCHASER STOCK PURCHASE PRICE ADDRESS FOR NOTICES
- --------- ----- -------------- -------------------
<S> <C> <C> <C>
MassMutual 966.7 shares $67,669 MassMutual Corporate Investors
Corporate Investors c/o Massachusetts Mutual Life
Insurance Company
1295 State Street
Springfield, MA 01111
Attn: Michael L. Klofas
Facsimile No.: (413) 846-5035
MassMutual 509.5 shares $35,665
Participation MassMutual Participation Investors
Investors c/o Massachusetts Mutual Life
Insurance Company
1295 State Street
Springfield, MA 01111
Attn: Michael L. Klofas
Facsimile No.: (413) 846-5035
</TABLE>
<TABLE>
<CAPTION>
Total shares of Total
Series B Aggregate
Preferred Stock Purchase
Purchased: Price:
---------- ------
<S> <C>
71,428.5 shares $5,000,000
</TABLE>
