<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/
DELCO REMY INTERNATIONAL, INC.
--------------------------------------------------------------------------------
(Name of Issuer)
CLASS A COMMON STOCK, PAR VALUE $0.01 PER SHARE
--------------------------------------------------------------------------------
(Title of Class of Securities)
246626 10 5
-----------------------------------
(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>
PAGE 2 OF ___ PAGES
SCHEDULE 13D
CUSIP No. 246626 10 5
<TABLE>
<S> <C>
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
-----------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES --------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
1,527,304**
OWNED BY --------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
--------------------------------------------------------------------------------------------
REPORTING
10 SHARED DISPOSITIVE POWER
PERSON WITH
1,527,304**
--------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,527,304**
-----------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |X|
-----------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
LESS THAN .01%
-----------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
-----------------------------------------------------------------------------------------------------------------------
</TABLE>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
** EXCLUDES 3,025,391 SHARES OF CLASS A COMMON STOCK SOLD BY AN AFFILIATE OF
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 6,278,055 SHARES
OF CLASS B COMMON STOCK, ALL OR A PORTION OF WHICH MAY BE CONVERTED INTO
CLASS A COMMON STOCK AND 3,607,343 SHARES OF CLASS A COMMON STOCK SOLD BY
CVC TO COURT SQUARE PURSUANT TO A STOCK PURCHASE AGREEMENT, DATED AS OF
NOVEMBER 28, 2000, BY AND BETWEEN CVC AND COURT SQUARE FOR WHICH SHARES
CVC DISCLAIMS BENEFICIAL OWNERSHIP. EXCLUDES 1,680,038 SHARES OF CLASS A
COMMON STOCK WHICH MAY BE ACQUIRED UPON EXERCISE OF A WARRANT HELD BY AN
AFFILIATE OF CVC. INCLUDES 1,527,304 SHARES HELD BY AFFILIATES OF CVC FOR
WHICH SHARES CVC DISCLAIMS BENEFICIAL OWNERSHIP.
<PAGE>
PAGE 3 OF ___ PAGES
SCHEDULE 13D
CUSIP No. 246626 10 5
<TABLE>
<S> <C>
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
-----------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES --------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY 1,527,304**
OWNED BY --------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
--------------------------------------------------------------------------------------------
REPORTING
10 SHARED DISPOSITIVE POWER
PERSON WITH 1,527,304**
--------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,527,304**
-----------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |X|
-----------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
LESS THAN .01%
-----------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
BK
-----------------------------------------------------------------------------------------------------------------------
</TABLE>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
** EXCLUDES 3,025,391 SHARES OF CLASS A COMMON STOCK SOLD BY AN AFFILIATE OF
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 6,278,055 SHARES
OF CLASS B COMMON STOCK, ALL OR A PORTION OF WHICH MAY BE CONVERTED INTO
CLASS A COMMON STOCK AND 3,607,343 SHARES OF CLASS A COMMON STOCK SOLD BY
CVC TO COURT SQUARE PURSUANT TO A STOCK PURCHASE AGREEMENT, DATED AS OF
NOVEMBER 28, 2000, BY AND BETWEEN CVC AND COURT SQUARE FOR WHICH SHARES
CVC DISCLAIMS BENEFICIAL OWNERSHIP. EXCLUDES 1,680,038 SHARES OF CLASS A
COMMON STOCK WHICH MAY BE ACQUIRED UPON EXERCISE OF A WARRANT HELD BY AN
AFFILIATE OF CVC. INCLUDES 1,527,304 SHARES HELD BY AFFILIATES OF CVC FOR
WHICH SHARES CVC DISCLAIMS BENEFICIAL OWNERSHIP.
<PAGE>
PAGE 4 OF ___ PAGES
SCHEDULE 13D
CUSIP No. 246626 10 5
<TABLE>
<S> <C>
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
-----------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
--------------------------------------------------------------------------------------------
SHARES
8 SHARED VOTING POWER
BENEFICIALLY
8,160,038 SHARES OF CLASS A COMMON STOCK**
OWNED BY --------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
--------------------------------------------------------------------------------------------
REPORTING
10 SHARED DISPOSITIVE POWER
PERSON WITH 8,160,038 SHARES OF CLASS A COMMON STOCK**
--------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,160,038 SHARES OF CLASS A COMMON STOCK**
-----------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |X|
-----------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
45%
-----------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
-----------------------------------------------------------------------------------------------------------------------
</TABLE>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
** INCLUDES 3,025,391 SHARES OF CLASS A COMMON STOCK SOLD BY AN AFFILIATE OF
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") AND
3,607,343 SHARES OF CLASS A COMMON STOCK SOLD BY CVC TO COURT SQUARE
PURSUANT TO A STOCK PURCHASE AGREEMENT, DATED AS OF NOVEMBER 28, 2000,
BETWEEN CVC AND COURT SQUARE. INCLUDES 1,527,304 SHARES OF CLASS A COMMON
STOCK HELD BY AFFILIATES OF COURT SQUARE FOR WHICH SHARES COURT SQUARE
DISCLAIMS BENEFICIAL OWNERSHIP. EXCLUDES 6,278,055 SHARES OF CLASS B
COMMON STOCK, ALL OR A PORTION OF WHICH MAY BE CONVERTED INTO CLASS A
COMMON STOCK, AND 1,680,038 SHARES OF COMMON STOCK WHICH MAY BE ACQUIRED
UPON AN EXERCISE OF A WARRANT HELD BY AN AFFILIATE OF CVC.
<PAGE>
PAGE 5 OF ___ PAGES
SCHEDULE 13D
CUSIP No. 246626 10 5
<TABLE>
<S> <C>
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
-----------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
--------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
8,160,038 SHARES OF CLASS A COMMON STOCK**
--------------------------------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH --------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
REPORTING
PERSON WITH 8,160,038 SHARES OF CLASS A COMMON STOCK**
--------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,160,038 SHARES OF CLASS A COMMON STOCK**
-----------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |X|
-----------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
45%
-----------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC
-----------------------------------------------------------------------------------------------------------------------
</TABLE>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
** INCLUDES 3,025,391 SHARES OF CLASS A COMMON STOCK SOLD BY AN AFFILIATE OF
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") AND
3,607,343 SHARES OF CLASS A COMMON STOCK SOLD BY CVC TO COURT SQUARE
PURSUANT TO A STOCK PURCHASE AGREEMENT, DATED AS OF NOVEMBER 28, 2000,
BETWEEN CVC AND COURT SQUARE. INCLUDES 1,527,304 SHARES OF CLASS A COMMON
STOCK HELD BY AFFILIATES OF COURT SQUARE FOR WHICH SHARES COURT SQUARE
DISCLAIMS BENEFICIAL OWNERSHIP. EXCLUDES 6,278,055 SHARES OF CLASS B
COMMON STOCK, ALL OR A PORTION OF WHICH MAY BE CONVERTED INTO CLASS A
COMMON STOCK, AND 1,680,038 SHARES OF COMMON STOCK WHICH MAY BE ACQUIRED
UPON AN EXERCISE OF A WARRANT HELD BY AN AFFILIATE OF CVC.
<PAGE>
PAGE 6 OF ___ PAGES
SCHEDULE 13D
CUSIP No. 246626 10 5
<TABLE>
<S> <C>
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
-----------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
--------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 8,160,038 SHARES OF CLASS A COMMON STOCK**
--------------------------------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH --------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
REPORTING
8,160,038 SHARES OF CLASS A COMMON STOCK**
PERSON WITH --------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,160,038 SHARES OF CLASS A COMMON STOCK**
-----------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |X|
-----------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
45%
-----------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC
-----------------------------------------------------------------------------------------------------------------------
</TABLE>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
** INCLUDES 3,025,391 SHARES OF CLASS A COMMON STOCK SOLD BY AN AFFILIATE OF
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") AND
3,607,343 SHARES OF CLASS A COMMON STOCK SOLD BY CVC TO COURT SQUARE
PURSUANT TO A STOCK PURCHASE AGREEMENT, DATED AS OF NOVEMBER 28, 2000,
BETWEEN CVC AND COURT SQUARE. INCLUDES 1,527,304 SHARES OF CLASS A COMMON
STOCK HELD BY AFFILIATES OF COURT SQUARE FOR WHICH SHARES COURT SQUARE
DISCLAIMS BENEFICIAL OWNERSHIP. EXCLUDES 6,278,055 SHARES OF CLASS B
COMMON STOCK, ALL OR A PORTION OF WHICH MAY BE CONVERTED INTO CLASS A
COMMON STOCK, AND 1,680,038 SHARES OF COMMON STOCK WHICH MAY BE ACQUIRED
UPON EXERCISE OF A WARRANT HELD BY AN AFFILIATE OF CVC.
<PAGE>
PAGE 7 OF ___ PAGES
SCHEDULE 13D
CUSIP No. 246626 10 5
<TABLE>
<S> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CITICORP 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
-----------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
--------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 8,160,038 SHARES OF CLASS A COMMON STOCK**
--------------------------------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH --------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
REPORTING
8,160,038 SHARES OF CLASS A COMMON STOCK**
PERSON WITH
--------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,160,038 SHARES OF CLASS A COMMON STOCK**
-----------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |X|
-----------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
45%
-----------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC
-----------------------------------------------------------------------------------------------------------------------
</TABLE>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
** INCLUDES 3,025,391 SHARES OF CLASS A COMMON STOCK SOLD BY AN AFFILIATE OF
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") AND
3,607,343 SHARES OF CLASS A COMMON STOCK SOLD BY CVC TO COURT SQUARE
PURSUANT TO A STOCK PURCHASE AGREEMENT, DATED AS OF NOVEMBER 28, 2000,
BETWEEN CVC AND COURT SQUARE. INCLUDES 1,527,304 SHARES OF CLASS A COMMON
STOCK HELD BY AFFILIATES OF COURT SQUARE FOR WHICH SHARES COURT SQUARE
DISCLAIMS BENEFICIAL OWNERSHIP. EXCLUDES 6,278,055 SHARES OF CLASS B
COMMON STOCK, ALL OR A PORTION OF WHICH MAY BE CONVERTED INTO CLASS A
COMMON STOCK, AND 1,680,038 SHARES OF COMMON STOCK WHICH MAY BE ACQUIRED
UPON EXERCISE OF A WARRANT HELD BY AN AFFILIATE OF CVC.
<PAGE>
PAGE 8 OF ___ PAGES
SCHEDULE 13D
CUSIP No. 246626 10 5
<TABLE>
<S> <C>
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
-----------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
--------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 8,183,966 SHARES OF CLASS A COMMON STOCK**
--------------------------------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH --------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
REPORTING
8,183,966 SHARES OF CLASS A COMMON STOCK**
PERSON WITH
--------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,183,966 SHARES OF CLASS A COMMON STOCK**
-----------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |X|
-----------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
45.2%
-----------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC
-----------------------------------------------------------------------------------------------------------------------
</TABLE>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
** INCLUDES 3,025,391 SHARES OF CLASS A COMMON STOCK SOLD BY AN AFFILIATE OF
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") AND
3,607,343 SHARES OF CLASS A COMMON STOCK SOLD BY CVC TO COURT SQUARE
PURSUANT TO A STOCK PURCHASE AGREEMENT, DATED AS OF NOVEMBER 28, 2000,
BETWEEN CVC AND COURT SQUARE. INCLUDES 1,527,304 SHARES OF CLASS A COMMON
STOCK HELD BY AFFILIATES OF COURT SQUARE FOR WHICH SHARES COURT SQUARE
DISCLAIMS BENEFICIAL OWNERSHIP. INCLUDES 23,928 SHARES OF CLASS A
COMMON STOCK BENEFICIALLY OWNED BY SUBSIDIARIES OF CITIGROUP INC.
EXCLUDES 6,278,055 SHARES OF CLASS B COMMON STOCK, ALL OR A PORTION OF
WHICH MAY BE CONVERTED INTO CLASS A COMMON STOCK, AND 1,680,038 SHARES
OF COMMON STOCK WHICH MAY BE ACQUIRED UPON EXERCISE OF A WARRANT HELD BY
AN AFFILIATE OF CVC.
<PAGE>
PAGE 9 OF ___ PAGES
This Amendment No. 1 relates to a Schedule 13D filed on August 10,
2000 (the "Schedule 13D"), which relates to the Class A Common Stock, par value
$0.01 per share ("Class A Common Stock"), of Delco Remy International, Inc., a
Delaware 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 Class A Common Stock, (ii) Citicorp Venture Capital,
Ltd., a New York corporation ("CVC"), by virtue of its prior direct ownership of
Class A Common Stock, (iii) Citibank, N.A., a national banking association
("Citibank"), by virtue of its ownership of all of the outstanding common stock
of CVC, (iv) Citicorp Banking Corporation, a Delaware corporation ("Citicorp
Banking"), by virtue of its ownership of all of the outstanding common stock of
Court Square, (v) Citicorp, a Delaware corporation ("Citicorp"), by virtue of
its ownership of all of the outstanding common stock of each of Citibank and
Citicorp Banking, (vi) Citigroup Holdings Company, a Delaware corporation
("Citigroup Holdings"), by virtue of its ownership of all of the outstanding
common stock of Citicorp, and (vii) 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, 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 10 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. Citicorp Banking is a holding company,
principally engaged, through its subsidiaries, in the general financial services
business investing in leveraged buy-outs. 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, 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 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., a
Delaware corporation ("MascoTech"), and CVC. On the same date, pursuant to the
Stock Purchase Agreement,
<PAGE>
PAGE 11 OF ___ PAGES
MascoTech and MASG Disposition, Inc., a Michigan corporation and a wholly-owned
subsidiary of MascoTech ("MASG"), sold 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 3,025,391 shares of Class A Common Stock
owned by MASG.
Pursuant to a Stock Purchase Agreement, dated as of November 28,
2000 (the "CVC Stock Purchase Agreement"), by and between CVC and Court Square,
CVC sold 3,607,343 shares of Class A Common Stock and 6,278,055 shares of Class
B Common Stock of the Company (collectively, the "CVC Shares") to Court Square
for $71,669,135.50.
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 CVC 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. In addition, it is contemplated that an employee of Court Square
will become a Director of the Company.
The Stock Purchase Agreement required MASG to assign to CVC or its
affiliate all of MASG's rights and obligations under certain agreements between
MASG and the Company. Under a Second Amended and Restated Securities Purchase
and Holders Agreement, dated March 1, 1998, (the "Stockholders' Agreement"),
among the Company, CVC, World Equity Partners, L.P. ("WEP"), Harold K. Sperlich,
James R. Gerrity and the individuals named therein as management investors (the
"Management Investors") (collectively, the "Investors"), MASG has the right to
nominate one member to the board of Directors of the Company and the Investors
agreed to vote their shares of Class A Common Stock in favor of such nominee.
MASG has also been granted rights under a Registration Rights Agreement between
the Company, CVC and other shareholders of the Company (the "Registration Rights
Agreement"). All these rights under the Stockholders' Agreement and the
Registration Rights Agreement have been assigned to Court Square. In addition,
CVC has assigned all of its rights under the Stockholders' Agreement and the
Registration Rights Agreement to Court Square.
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
<PAGE>
PAGE 12 OF ___ PAGES
liquidation, involving the Company or any of its subsidiaries; (e) 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 6,632,734
shares of Class A Common Stock (36.6% of all shares of Class A Common Stock
outstanding). By the terms of the Company's Certificate of Incorporation, Court
Square may convert shares of Class B Common Stock into shares of Class A Common
Stock only to the extent permitted by applicable law. Court Square presently
owns 6,278,055 shares of Class B Common Stock which Court Square, under certain
circumstances, could convert into Class A Common Stock. Court Square owns 52.9%
of all outstanding shares of Class A and Class B Common Stock treated as a
single class. Certain subsidiaries of Citigroup directly beneficially own 23,928
shares of Class A Common Stock which represent less than 1% of all shares of
Class A Common Stock outstanding. Percentages are based on the number of shares
of Class A Common Stock and Class B Common Stock issued and outstanding as of
November 7, 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
6,632,734 shares of Class A Common Stock owned by Court Square by virtue of, and
this form is being filed by Citigroup Banking, Citicorp, Citigroup Holdings and
Citigroup solely because of, Citicorp Banking's 100% ownership interest in Court
Square, Citicorp's 100% ownership interest in Citicorp Banking, Citigroup
Holdings' 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 CVC 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
<PAGE>
PAGE 13 OF ___ PAGES
Schedule A to this Amendment No. 1 to the Schedule 13D, has effected a
transaction in shares of Class A 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 Class A Common Stock owned by Court Square.
(e) Each of CVC and Citibank ceased to own Class A Common Stock and
Class B Common Stock on November 28, 2000.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
<TABLE>
<S> <C> <C>
Exhibit A -- Joint Filing Agreement among Court Square Capital
Limited, Citicorp Venture Capital, Ltd., Citibank,
N.A., Citicorp Banking Corporation, Citicorp,
Citigroup Holdings Company and Citigroup Inc.
Exhibit B -- Second Amended and Restated Securities Purchase and
Holders Agreement, dated March 1, 1998, by and
among Delco Remy International, Inc., Citicorp
Venture Capital, Ltd., MASG Disposition, Inc. and
the other individuals named therein.
</TABLE>
<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
CITIBANK, N.A.
By: /s/ Joseph B. Wollard
---------------------------------
Name: Joseph B. Wollard
Title: Assistant Secretary
CITICORP BANKING CORPORATION
By: /s/ William Wolf
---------------------------------
Name: William Wolf
Title: Senior Vice President
<PAGE>
PAGE 15 OF ___ PAGES
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
<TABLE>
<CAPTION>
OFFICERS TITLE
<S> <C>
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
</TABLE>
*Denotes the functional title of Managing Director.
<PAGE>
PAGE 17 OF ___ PAGES
SCHEDULE A
CITIGROUP INC.
<TABLE>
<CAPTION>
DIRECTORS AND OFFICERS TITLE
<S> <C>
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
</TABLE>
<PAGE>
PAGE 18 OF ___ PAGES
EXHIBIT INDEX
<TABLE>
<CAPTION>
Sequential
Exhibit No. Numbered Page
<S> <C> <C>
Exhibit A -- Joint Filing Agreement among Court Square Capital
Limited, Citicorp Venture Capital, Ltd., Citibank,
N.A., Citicorp Banking Corporation, Citicorp,
Citigroup Holdings Company and Citigroup Inc.
Exhibit B -- Second Amended and Restated Securities Purchase and
Holders Agreement, dated March 1, 1998, by and
among Delco Remy International, Inc., Citicorp
Venture Capital, Ltd., MASG Disposition, and the
other individuals named therein.
</TABLE>
