<PAGE>
PAGE 1 OF ___ PAGES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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. 1)1/
TITAN INTERNATIONAL, INC.
--------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, NO PAR VALUE
--------------------------------------------------------------------------------
(Title of Class of Securities)
88830M 10 2
--------------------------------------------------------------------------------
(CUSIP Number)
ROBERT G. ROBISON, ESQ. MORGAN, LEWIS & BOCKIUS LLP
101 PARK AVENUE, NEW YORK, NEW YORK 10178
(212) 309-6126
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
NOVEMBER 28, 2000
--------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement on Schedule 13D)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
|_|.
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits.
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>
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SCHEDULE 13D
CUSIP NO. 88830M 10 2
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CITICORP VENTURE CAPITAL, LTD.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
NOT APPLICABLE
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or (e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0**
-----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -----------------------------------------------------
PERSON 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* |X|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
** EXCLUDES 3,315,852 SHARES OF COMMON STOCK SOLD BY MASCOTECH, INC. TO
COURT SQUARE CAPITAL LIMITED ("COURT SQUARE") PURSUANT TO A STOCK
PURCHASE AGREEMENT, DATED AS OF AUGUST 1, 2000, AS AMENDED, BETWEEN
MASCOTECH, INC. AND CITICORP VENTURE CAPITAL, LTD. ("CVC") FOR WHICH
SHARES CVC DISCLAIMS BENEFICIAL OWNERSHIP. EXCLUDES 2,031,112 SHARES OF
COMMON STOCK SOLD BY 399 VENTURE PARTNERS, INC. ("399") TO COURT SQUARE
PURSUANT TO A STOCK PURCHASE AGREEMENT, DATED AS OF NOVEMBER 28, 2000,
BY AND BETWEEN 399 AND COURT SQUARE FOR WHICH SHARES CVC DISCLAIMS
BENEFICIAL OWNERSHIP.
<PAGE>
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SCHEDULE 13D
CUSIP No. 88830M 10 2
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
399 VENTURE PARTNERS, INC.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
NOT APPLICABLE
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or (e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0**
-----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -----------------------------------------------------
PERSON 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* |X|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
** EXCLUDES 3,315,852 SHARES OF COMMON STOCK SOLD BY MASCOTECH, INC. TO
COURT SQUARE CAPITAL LIMITED ("COURT SQUARE") PURSUANT TO A STOCK
PURCHASE AGREEMENT, DATED AS OF AUGUST 1, 2000, AS AMENDED, BETWEEN
MASCOTECH, INC. AND CITICORP VENTURE CAPITAL, LTD. FOR WHICH SHARES 399
VENTURE PARTNERS, INC. ("399") DISCLAIMS BENEFICIAL OWNERSHIP. EXCLUDES
2,031,112 SHARES OF COMMON STOCK SOLD BY 399 TO COURT SQUARE PURSUANT TO
A STOCK PURCHASE AGREEMENT, DATED AS OF NOVEMBER 28, 2000, BY AND
BETWEEN 399 AND COURT SQUARE FOR WHICH SHARES 399 DISCLAIMS BENEFICIAL
OWNERSHIP.
<PAGE>
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SCHEDULE 13D
CUSIP No. 88830M 10 2
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CITIBANK, N.A.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
NOT APPLICABLE
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or (e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0**
-----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -----------------------------------------------------
PERSON 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* |X|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
BK
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
** EXCLUDES 3,315,852 SHARES OF COMMON STOCK SOLD BY MASCOTECH, INC. TO COURT
SQUARE CAPITAL LIMITED ("COURT SQUARE") PURSUANT TO A STOCK PURCHASE
AGREEMENT, DATED AS OF AUGUST 1, 2000, AS AMENDED, BETWEEN MASCOTECH, INC.
AND CITICORP VENTURE CAPITAL, LTD. FOR WHICH SHARES CITIBANK, N.A.
DISCLAIMS BENEFICIAL OWNERSHIP. EXCLUDES 2,031,112 SHARES OF COMMON STOCK
SOLD BY 399 VENTURE PARTNERS, INC. ("399") TO COURT SQUARE PURSUANT TO A
STOCK PURCHASE AGREEMENT, DATED AS OF NOVEMBER 28, 2000, BY AND BETWEEN
399 AND COURT SQUARE FOR WHICH SHARES CITIBANK, N.A. DISCLAIMS BENEFICIAL
OWNERSHIP.
<PAGE>
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SCHEDULE 13D
CUSIP NO. 88830M 10 2
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
COURT SQUARE CAPITAL LIMITED
--------------------------------------------------------------------------------
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 (e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 5,346,964 SHARES OF COMMON STOCK**
-----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -----------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER
5,346,964 SHARES OF COMMON STOCK**
-----------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,346,964 SHARES OF COMMON STOCK**
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* | |
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
25.8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
** INCLUDES 3,315,852 SHARES OF COMMON STOCK SOLD BY MASCOTECH, INC. TO COURT
SQUARE CAPITAL LIMITED ("COURT SQUARE") PURSUANT TO A STOCK PURCHASE
AGREEMENT, DATED AS OF AUGUST 1, 2000, AS AMENDED, BETWEEN MASCOTECH, INC.
AND CITICORP VENTURE CAPITAL, LTD. INCLUDES 2,031,112 SHARES OF COMMON
STOCK SOLD BY 399 VENTURE PARTNERS, INC. ("399") TO COURT SQUARE PURSUANT
TO A STOCK PURCHASE AGREEMENT, DATED NOVEMBER 28, 2000 BY AND BETWEEN
399 AND COURT SQUARE.
<PAGE>
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SCHEDULE 13D
CUSIP No. 88830M 10 2
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CITICORP BANKING CORPORATION
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
NOT APPLICABLE
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or (e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 5,346,964 SHARES OF COMMON STOCK**
-----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -----------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER
5,346,964 SHARES OF COMMON STOCK**
-----------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,346,964 SHARES OF COMMON STOCK**
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* | |
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
25.8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
** INCLUDES 3,315,852 SHARES OF COMMON STOCK SOLD BY MASCOTECH, INC. TO
COURT SQUARE CAPITAL LIMITED ("COURT SQUARE") PURSUANT TO A STOCK
PURCHASE AGREEMENT, DATED AS OF AUGUST 1, 2000, AS AMENDED, BETWEEN
MASCOTECH, INC. AND CITICORP VENTURE CAPITAL, LTD. INCLUDES 2,031,112
SHARES OF COMMON STOCK SOLD BY 399 VENTURE PARTNERS, INC. ("399") TO
COURT SQUARE PURSUANT TO A STOCK PURCHASE AGREEMENT, DATED NOVEMBER
28, 2000 BY AND BETWEEN 399 AND COURT SQUARE.
<PAGE>
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SCHEDULE 13D
CUSIP No. 88830M 10 2
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CITICORP
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
NOT APPLICABLE
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or (e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 5,346,964 SHARES OF COMMON STOCK**
-----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -----------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER
5,346,964 SHARES OF COMMON STOCK**
-----------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,346,964 SHARES OF COMMON STOCK**
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* | |
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
25.8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
** INCLUDES 3,315,852 SHARES OF COMMON STOCK SOLD BY MASCOTECH, INC. TO
COURT SQUARE CAPITAL LIMITED ("COURT SQUARE") PURSUANT TO A STOCK
PURCHASE AGREEMENT, DATED AS OF AUGUST 1, 2000, AS AMENDED, BETWEEN
MASCOTECH, INC. AND CITICORP VENTURE CAPITAL, LTD. INCLUDES 2,031,112
SHARES OF COMMON STOCK SOLD BY 399 VENTURE PARTNERS, INC. ("399") TO
COURT SQUARE PURSUANT TO A STOCK PURCHASE AGREEMENT, DATED NOVEMBER
28, 2000 BY AND BETWEEN 399 AND COURT SQUARE.
<PAGE>
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SCHEDULE 13D
CUSIP No. 88830M 10 2
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CITIGROUP HOLDINGS COMPANY
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
NOT APPLICABLE
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or (e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 5,346,964 SHARES OF COMMON STOCK**
-----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -----------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER
5,346,964 SHARES OF COMMON STOCK**
-----------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,346,964 SHARES OF COMMON STOCK**
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* | |
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
25.8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
** INCLUDES 3,315,852 SHARES OF COMMON STOCK SOLD BY MASCOTECH, INC. TO
COURT SQUARE CAPITAL LIMITED ("COURT SQUARE") PURSUANT TO A STOCK
PURCHASE AGREEMENT, DATED AS OF AUGUST 1, 2000, AS AMENDED, BETWEEN
MASCOTECH, INC. AND CITICORP VENTURE CAPITAL, LTD. INCLUDES 2,031,112
SHARES OF COMMON STOCK SOLD BY 399 VENTURE PARTNERS, INC. ("399") TO
COURT SQUARE PURSUANT TO A STOCK PURCHASE AGREEMENT, DATED NOVEMBER
28, 2000 BY AND BETWEEN 399 AND COURT SQUARE.
<PAGE>
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SCHEDULE 13D
CUSIP No. 88830M 10 2
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CITIGROUP INC.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
NOT APPLICABLE
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or (e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 5,365,811 SHARES OF COMMON STOCK**
-----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -----------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER
5,365,811 SHARES OF COMMON STOCK**
-----------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,365,811 SHARES OF COMMON STOCK**
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* | |
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
25.9%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
** INCLUDES 3,315,852 SHARES OF COMMON STOCK SOLD BY MASCOTECH, INC. TO
COURT SQUARE CAPITAL LIMITED ("COURT SQUARE") PURSUANT TO A STOCK
PURCHASE AGREEMENT, DATED AS OF AUGUST 1, 2000, AS AMENDED, BETWEEN
MASCOTECH, INC. AND CITICORP VENTURE CAPITAL, LTD. INCLUDES 2,031,112
SHARES OF COMMON STOCK SOLD BY 399 VENTURE PARTNERS, INC. ("399") TO
COURT SQUARE PURSUANT TO A STOCK PURCHASE AGREEMENT, DATED NOVEMBER 28,
2000 BY AND BETWEEN 399 AND COURT SQUARE. INCLUDES 18,847 SHARES OF
COMMON STOCK BENEFICIALLY OWNED BY SUBSIDIARIES OF CITIGROUP INC.
OTHER THAN COURT SQUARE.
<PAGE>
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This Amendment No. 1 relates to a Schedule 13D filed on August 10, 2000
(the "Schedule 13D") which relates to the Common Stock, no par value per share
("Common Stock"), of Titan International, Inc., an Illinois corporation (the
"Company"). Information in the original Schedule 13D remains in effect except to
the extent that it is superseded by the information contained in this Amendment
No. 1. Information given in response to each item shall be deemed incorporated
by reference in all other items. Capitalized terms used but not defined in this
Amendment No. 1 shall have the respective meanings ascribed to them in the
Schedule 13D. Items 2 and 5 of the Schedule 13D are hereby amended and restated
to read in its entirety as follows and Items 3, 4 and 7 of the Schedule 13D are
hereby amended and supplemented as follows:
ITEM 2. IDENTITY AND BACKGROUND.
(a) This Amendment No. 1 to the Schedule 13D is being filed by each of the
following persons pursuant to Rule 13(d)-(2)(a) promulgated by the Securities
and Exchange Commission (the "Commission") pursuant to Section 13 of the
Securities and Exchange Act of 1934 (the "Act"): (i) Court Square Capital
Limited, a Delaware corporation ("Court Square"), by virtue of its direct
beneficial ownership of Common Stock, (ii) Citicorp Venture Capital, Ltd., a New
York corporation ("CVC"), by virtue of its prior direct beneficial ownership of
Common Stock, (iii) 399 Venture Partners, Inc., a Delaware corporation ("399"),
by virtue of its prior direct beneficial ownership of Common Stock, (iv)
Citibank, N.A., a national banking association ("Citibank"), by virtue of its
ownership of all the outstanding common stock of each of CVC and 399, (v)
Citicorp Banking Corporation, a Delaware corporation ("Citicorp Banking"), by
virtue of its ownership of all of the outstanding common stock of Court
Square, (vi) Citicorp, a Delaware corporation ("Citicorp"), by virtue of its
ownership of all of the outstanding common stock of each of Citibank and
Citicorp Banking, (vii) Citigroup Holdings Company, a Delaware corporation
("Citigroup Holdings"), by virtue of its ownership of all of the outstanding
common stock of Citicorp, and (viii) Citigroup Inc., a Delaware corporation
("Citigroup"), by virtue of its ownership of all the outstanding common stock
of Citigroup Holdings (collectively, the "Reporting Persons").
Attached as Schedule A is information concerning each executive officer and
director of each of Court Square and Citigroup, which is ultimately in control
of Court Square. Schedule A is incorporated into and made a part of this
Amendment No. 1 to the Schedule 13D.
(b) The address of the principal business and principal office of each of
Court Square, CVC, 399, Citibank, and Citicorp is 399 Park Avenue, New York, New
York 10043. The address of the principal business and principal office of
Citicorp Banking is One Penn's Way, New Castle, Delaware 10043. The address of
the principal business and principal office of Citigroup Holdings is One Rodney
Square, Wilmington, Delaware 19899. The address of the
<PAGE>
PAGE 11 OF ___ PAGES
principal business and principal office of Citigroup is 153 East 53rd Street,
New York, New York 10043.
(c) Court Square's principal business is investing in leveraged buy-outs.
CVC's principal business is investing in leveraged buy-outs. Citibank is engaged
in the business of banking. 399's principal business is providing debt and
equity financing to businesses in the United States. Citicorp Banking is a
holding company principally engaged, through its subsidiaries, in the general
financial services business. Citicorp is a bank holding company principally
engaged, through its subsidiaries, in the general financial services business.
Citigroup Holdings is a holding company principally engaged, through its
subsidiaries, in the general financial services business. Citigroup is a
diversified holding company providing, through its subsidiaries, a broad range
of financial services to consumer and corporate customers world-wide.
(d) During the last five years, none of the Reporting Persons nor, to the
knowledge of each Reporting Person, any of their respective officers, directors
or controlling persons has been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors).
(e) During the last five years, none of the Reporting Persons, nor, to the
knowledge of each Reporting Person, any of their respective officers, directors
or controlling persons has been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
(f) Citibank is a national banking association. CVC is a New York
corporation. Each of Court Square, 399, Citicorp Banking, Citicorp, Citigroup
Holdings and Citigroup is a Delaware corporation. Except as otherwise indicated
on Schedule A, to the knowledge of each Reporting Person, each executive officer
and director named in Schedule A to this Amendment No. 1 to the Schedule 13D are
citizens of the United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The response set forth in Item 3 of the Schedule 13D is hereby amended and
supplemented by the following information:
On November 28, 2000, CVC assigned to Court Square all of its rights and
obligations under the Stock Purchase Agreement, dated as of August 1, 2000, as
amended (the "Stock Purchase Agreement"), by and between MascoTech Inc.
("MascoTech") and CVC. On the same date, pursuant to the Stock Purchase
Agreement, MascoTech and MASG Disposition, Inc., a Michigan corporation and a
wholly-owned subsidiary of MascoTech ("MASG"), sold
<PAGE>
PAGE 12 OF ___ PAGES
shares and equity interests in and debt of five companies which were owned by
them to Court Square for $113,400,000. Included in the shares acquired were
3,315,852 shares of Common Stock owned by MascoTech.
Pursuant to a Stock Purchase Agreement, dated as of November 28, 2000 (the
"399 Stock Purchase Agreement"), by and between 399 and Court Square, 399 sold
2,031,112 shares of Common Stock (the "399 Shares") to Court Square for
$8,632,226.
ITEM 4. PURPOSE OF TRANSACTION.
Except as set forth in the Schedule 13D, or as set forth in this Amendment
No. 1 to the Schedule 13D in Item 3 above, Court Square has acquired the Shares
and the 399 Shares for investment purposes. Depending on market conditions and
other factors (including evaluation of the Company's businesses and prospects,
availability of funds, alternative uses of funds and general economic
conditions), Court Square may from time to time purchase additional securities
of the Company or dispose of all or a portion of its investment in the Company.
Except as described in the Schedule 13D, as amended by this Amendment No. 1
to the Schedule 13D, none of the Reporting Persons nor, to the best knowledge of
each Reporting Person, any of the persons named in Schedule A to this Amendment
No. 1 to the Schedule 13D, has formulated any plans or proposals which relate to
or would result in: (a) the acquisition by any person of additional securities
of the Company, or the disposition of securities of the Company; (b) an
extraordinary corporate transaction, such as a merger, reorganization or
liquidation, involving the Company or any of its subsidiaries; (c) a sale or
transfer of a material amount of assets of the Company or any of its
subsidiaries; (d) any change in the present Board of Directors or management of
the Company, including any plans or proposals to change the number or term of
directors or to fill any existing vacancies on the Board; (e) any material
change in the present capitalization or dividend policy of the Company; (f) any
other material change in the Company's business or corporate structure; (g) any
changes in the Company's charter or by-laws or other actions which may impede
the acquisition or control of the Company by any person; (h) causing a class of
securities of the Company to be delisted from a national securities exchange or
cease to be authorized to be quoted in an interdealer quotation system of a
registered national securities association; (i) causing a class of equity
securities of the Company to become eligible for termination of registration
pursuant to Section 12(g)(4) of the Act; or (j) any action similar to those
enumerated above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) As of the date of this filing, Court Square owns 5,346,964 shares of
Common Stock which represent 25.8% of all shares of Common Stock outstanding. As
of the
<PAGE>
PAGE 13 OF ___ PAGES
date of this filing, Citigroup indirectly beneficially owns 5,365,811 shares of
Common Stock which represent 25.9% of all shares of common stock outstanding
including 5,346,964 shares of Common Stock directly beneficially owned by Court
Square and 18,847 shares of Common Stock directly beneficially owned by other
subsidiaries of Citigroup. Percentages are based on the number of shares of
Common Stock issued and outstanding as of October 31, 2000 as reported in the
Company's recent 10-Q.
(b) Court Square, Citicorp Banking, Citicorp, Citigroup Holdings and
Citigroup may be deemed to share the voting and dispositive power of the
5,346,964 shares of Common Stock owned by Court Square by virtue of, and this
form is being filed by Citicorp Banking, Citicorp, Citigroup Holdings and
Citigroup solely because of Citicorp Banking's 100% ownership in Court Square,
Citicorp's 100% ownership interest in Citicorp Banking, Citigroup Holdings's
100% ownership interest in Citicorp and Citigroup's 100% interest in Citigroup
Holdings.
(c) Except for the transactions contemplated by the Stock Purchase
Agreement and the 399 Stock Purchase Agreement as described in Item 3, neither
the Reporting Persons nor, to the best knowledge of each Reporting Person, any
of the persons named in Schedule A to this Amendment No. 1 to the Schedule 13D,
has effected a transaction in shares of Common Stock during the past 60 days.
(d) No person other than Court Square has the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the sale of, the
Common Stock owned by Court Square.
(e) Each of CVC, 399 and Citibank ceased to own any shares of the Company
on November 28, 2000.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit A -- Joint Filing Agreement among Court Square Capital
Limited, Citicorp Venture Capital, Ltd., 399 Venture
Partners, Inc., Citicorp Banking Corporation, Citibank,
N.A., Citicorp, Citigroup Holdings Company and Citigroup
Inc.
<PAGE>
PAGE 14 OF ___ PAGES
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 Amendment No. 1 to the Schedule 13D with respect to the
undersigned is true, complete and correct.
Dated: December 5, 2000
COURT SQUARE CAPITAL LIMITED
By: /s/ Anthony P. Mirra
--------------------------------------
Name: Anthony P. Mirra
Title: Vice President
CITICORP VENTURE CAPITAL, LTD.
By: /s/ Anthony P. Mirra
--------------------------------------
Name: Anthony P. Mirra
Title: Vice President
399 VENTURE PARTNERS, INC.
By: /s/ Anthony P. Mirra
--------------------------------------
Name: Anthony P. Mirra
Title: Vice President
CITICORP BANKING CORPORATION
By: /s/ William Wolf
--------------------------------------
Name: William Wolf
Title: Senior Vice President
<PAGE>
PAGE 15 OF ___ PAGES
CITIBANK, N.A.
By: /s/ Joseph B. Wollard
----------------------------------------
Name: Joseph B. Wollard
Title: Assistant Secretary
CITICORP
By: /s/ Joseph B. Wollard
----------------------------------------
Name: Joseph B. Wollard
Title: Assistant Secretary
CITIGROUP HOLDINGS COMPANY
By: /s/ Kenneth Cohen
----------------------------------------
Name: Kenneth Cohen
Title: Assistant Secretary
CITIGROUP INC.
By: /s/ Joseph B. Wollard
----------------------------------------
Name: Joseph B. Wollard
Title: Assistant Secretary
<PAGE>
PAGE 16 OF ___ PAGES
SCHEDULE A
COURT SQUARE CAPITAL LIMITED
DIRECTORS
---------
William T. Comfort
Anne Goodbody
David F. Thomas
OFFICERS TITLE
-------- -----
William T. Comfort Senior Vice President
Byron L. Knief Senior Vice President
Michael T. Bradley Vice President
Charles E. Corpening Vice President
Michael A. Delaney Vice President*
Ian D. Highet Vice President
David Y. Howe Vice President
Richard E. Mayberry Vice President
Thomas F. McWilliams Vice President*
M. Saleem Muqaddam Vice President
Paul C. Schorr Vice President*
Joseph M. Silvestri Vice President
David F. Thomas Vice President*
James A. Urry Vice President
John D. Weber Vice President
Michael S. Gollner Vice President
Lauren M. Connelly Vice President & Secretary
Anthony P. Mirra Vice President & Assistant Secretary
Darryl A. Johnson Assistant Vice President
* Denotes the functional title of Managing Director.
<PAGE>
PAGE 17 OF ___ PAGES
SCHEDULE A
CITIGROUP
DIRECTORS AND OFFICERS TITLE
---------------------- -----
C. Michael Armstrong Director
Alain J.P. Belda Director (Brazil)
Kenneth J. Bialkin Director
Kenneth T. Derr Director
John M. Deutch Director
The Honorable Gerald R. Ford Director
Ann Dribble Jordan Director
Robert I. Lipp Director and Executive Officer
Reuben Mark Director
Michael T. Masin Director
Dudley C. Mecum Director
Richard D. Parsons Director
Andrall E. Pearson Director
Robert E. Rubin Director and Executive Officer
Franklin A. Thomas Director
Sanford I. Weill Director and Executive Officer
Arthur Zankel Director
Winifred F.W. Bischoff Executive Officer (United Kingdom)
Michael A. Carpenter Executive Officer
Michael D'Ambrose Executive Officer
Robert Druskin Executive Officer
Jay S. Fishman Executive Officer
Michael B.G. Froman Executive Officer
Thomas Wade Jones Executive Officer
Marjorie Magner Executive Officer
Deryck C. Maughan Executive Officer (United Kingdom)
Victor J. Menezes Executive Officer (India)
Charles O. Prince, III Executive Officer
William R. Rhodes Executive Officer
Petros Sabatacakis Executive Officer
Todd S. Thomson Executive Officer
Robert B. Willumstad Executive Officer
Barbara A. Yastine Executive Officer
<PAGE>
PAGE 18 OF ___ PAGES
EXHIBIT INDEX
-------------
<TABLE>
<CAPTION>
Sequential
Exhibit No. Numbered Page
----------- -------------
<S> <C>
Exhibit A -- Joint Filing Agreement among Court
Square Capital Limited, Citicorp Venture
Capital, Ltd., 399 Venture Partners, Inc.,
Citicorp Banking Corporation, Citibank,
N.A., Citicorp, Citigroup Holdings Company
and Citigroup Inc.
</TABLE>
