UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
KINETIC CONCEPTS, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
49460W-01-0
(CUSIP Number)
Murray A. Indick
Richard C. Blum & Associates, L.P.
909 Montgomery Street, Suite 400
San Francisco, CA 94133
(415) 434-1111
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 10, 1997
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following
box [ ].
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are
to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
Page 1 of 33
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 2 of 33
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON STINSON CAPITAL PARTNERS, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3432358
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* WC
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.52%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 3 of 33
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON BK CAPITAL PARTNERS IV, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3139027
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* WC
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.52%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 4 of 33
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON THE CARPENTERS PENSION TRUST
FOR SOUTHERN CALIFORNIA
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-6042875
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* WC
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.52%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON EP
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 5 of 33
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON UNITED BROTHERHOOD OF CARPENTERS
AND JOINERS OF AMERICA LOCAL UNIONS
AND COUNCILS PENSION FUND
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 35-6075035
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* WC
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Washington, DC
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.52%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON EP
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 6 of 33
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON INSURANCE COMPANY SUPPORTED
ORGANIZATIONS PENSION PLAN
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 13-6284703
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* WC
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Washington, DC
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.52%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON EP
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 7 of 33
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RICHARD C. BLUM & ASSOCIATES, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3205364
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
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 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.52%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN, IA
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 8 of 33
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RICHARD C. BLUM & ASSOCIATES, INC.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-2967812
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
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 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.52%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON CO
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 9 of 33
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RICHARD C. BLUM
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ###-##-####
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
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 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION USA
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.52%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON IN
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 10 of 33
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON PRISM PARTNERS I, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3172939
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* WC
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.52%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 11 of 33
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON WEINTRAUB CAPITAL MANAGEMENT
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3151493
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
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 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.52%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN, IA
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 12 of 33
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON JERALD M. WEINTRAUB
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ###-##-####
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]**
(b) [x]**
- ------------------------------------------------------------------------------
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 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION USA
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 4,040,250**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 4,040,250**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,040,250**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.52%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON IN
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 13 of 33
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON FREMONT PARTNERS, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* BK, OO
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER -0-
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER -0-
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0-
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0-
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 14 of 33
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON FP ADVISORS, L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* BK, OO
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER -0-
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER -0-
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0-
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0-
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON OO (limited liability company)
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 15 of 33
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON FREMONT GROUP, L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* BK, OO
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER -0-
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER -0-
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0-
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0-
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON OO (limited liability company)
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 16 of 33
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON FREMONT INVESTORS, INC.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* BK, OO
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Nevada
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER -0-
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER -0-
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0-
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0-
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 17 of 33
Item 1. Security and Issuer
- ----------------------------
This Amendment No. 5 to Schedule 13D relates to shares of common stock, par
value $0.01 per share, (the "Common Stock") of Kinetic Concepts, Inc. (the
"Issuer"). The principal executive office and mailing address of the Issuer
is 8023 Vantage Drive, San Antonio, Texas 78230. This Amendment is being
filed because the Reporting Persons, as previously described in Amendment No.
4, have formed a group with the Fremont Group (as defined below) for the
purpose and as described below.
Item 2. Identity and Background
- --------------------------------
This Schedule 13D is filed on behalf of Stinson Capital Partners, L.P., a
California limited partnership ("Stinson"); BK Capital Partners IV, L.P., a
California limited partnership ("BK IV"); the Carpenters Pension Trust for
Southern California (the "Carpenters Trust"); United Brotherhood of Carpenters
and Joiners of America Local Unions and Councils Pension Fund ("UBC");
Insurance Company Supported Organizations Pension Plan ("ICSOPP"); Richard C.
Blum & Associates, L.P., a California limited partnership ("RCBA L.P.");
Richard C. Blum & Associates, Inc., a California corporation ("RCBA Inc.");
and Richard C. Blum, the Chairman and a substantial shareholder of RCBA Inc.;
Prism Partners I, L.P., a California limited partnership ("Prism"); Weintraub
Capital Management, a California general partnership ("WCM"); and Jerald M.
Weintraub, the managing general partner of WCM; and Fremont Partners, L.P., a
Delaware limited partnership ("Fremont Partners"), FP Advisors, L.L.C., a
Delaware limited liability company ("FP Advisors"), Fremont Group, L.L.C., a
Delaware limited liability company (the "Group") and Fremont Investors Inc., a
Nevada corporation ("Fremont Investors", and together with Fremont Partners,
FP Advisors and the Group, the "Fremont Group"). Stinson, BK IV, the
Carpenters Trust, UBC, ICSOPP, RCBA L.P., RCBA Inc., and Richard C. Blum are
referred to herein as the "Blum Reporting Persons." Prism, WCM, and Jerald M.
Weintraub are referred to herein as the "Weintraub Reporting Persons." The
Fremont Group, collectively, is referred to herein as the "Fremont Reporting
Persons". The Blum Reporting Persons, the Weintraub Reporting Persons and the
Fremont Reporting Persons are collectively referred to herein as the
"Reporting Persons."
Blum Reporting Persons
- ----------------------
Stinson and BK IV are each a California limited partnership whose principal
business is investing in securities, and whose principal office is located at
909 Montgomery Street, Suite 400, San Francisco, California 94133. RCBA L.P.
is the sole general partner of Stinson and BK IV, and an investment advisor to
the Carpenters Trust, UBC and ICSOPP.
RCBA L.P. is a California limited partnership whose principal business is
acting as general partner for investment partnerships and providing investment
advisory and financial consulting services. RCBA L.P. is a registered
investment adviser with the Securities and Exchange Commission and with the
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 18 of 33
State of California. The sole general partner of RCBA L.P. is RCBA Inc. The
principal business office address of RCBA L.P. and RCBA Inc. is 909 Montgomery
Street, Suite 400, San Francisco, California 94133. The names of the
executive officers and directors of RCBA Inc., their addresses, citizenship
and principal occupations are as follows:
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
- -------------------- ----------------------- --------- --------------------
Richard C. Blum 909 Montgomery St. USA President & Chairman
President, Chairman Suite 400 RCBA L.P.
and Director San Francisco, CA 94133
Nils Colin Lind 909 Montgomery St. Norway Managing Director
Managing Director Suite 400 RCBA L.P.
and Director San Francisco, CA 94133
Jeffrey W. Ubben 909 Montgomery St. USA Managing Director
Managing Director Suite 400 of Investments,
of Investments San Francisco, CA 94133 RCBA L.P.
Murray A. Indick 909 Montgomery St. USA Managing Director
Managing Director, Suite 400 and General Counsel,
General Counsel and San Francisco, CA 94133 RCBA L.P.
Secretary
George F. Hamel, Jr. 909 Montgomery St. USA Managing Director
Managing Director Suite 400 of Marketing,
of Marketing San Francisco, CA 94133 RCBA L.P.
Marc T. Scholvinck 909 Montgomery St. USA Managing Director
Managing Director Suite 400 and Chief Financial
and Chief Financial San Francisco, CA 94133 Officer,
Officer RCBA, L.P.
Thomas L. Kempner 40 Wall Street USA Chairman, Loeb
Director New York, NY 10005 Partners Corporation,
Investment Banking
Business
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 19 of 33
The Carpenters Trust is a trust, governed by a board of trustees. Its
principal office is located at 520 South Virgil Avenue, 4th Floor, Los
Angeles, California 90020. The names of the executive officers and trustees
of the Carpenters Trust, their addresses, citizenship and principal occupation
are as follows:
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
- -------------------- ----------------------- --------- --------------------
Kim Fromer 22225 Acorn Street USA President,
Trustee Chatsworth, CA 91311 Fromer, Inc.
Curtis Conyers, Jr. 4719 Exposition Blvd. USA President,
Trustee Los Angeles, CA 90016 Richard Lane Company
Richard Harris 292 North Wilshire USA General Manager,
Trustee Anaheim, CA 92801 Wesseln Construction
Company, Inc.
Ralph Larison 1925 Water Street USA President,
Trustee Long Beach, CA 90802 Connolly-Pacific Co.
Bert Lewitt 2901 28th Street USA President, Morley
Trustee Santa Monica, CA 90405 Construction Co.
Ronald W. Tutor 15901 Olden Street USA President,
Co-Chairman, Sylmar, CA 91342 Tutor-Saliba Corp.
Trustee
J.D. Butler 412 Dawson Drive USA Executive Secretary,
Trustee Camarillo, CA 93010 Gold Coast District
Council of Carpenters
James K. Bernsen, 520 South Virgil Ave USA Secretary-Treasurer,
Trustee Los Angeles, CA 90020 Southern California-
Nevada Regional
Council of Carpenters
Douglas J. McCarron, 520 South Virgil Ave USA Secretary-Treasurer,
Co-Chairman, Los Angeles, CA 90020 Southern California
Trustee District Council of
Carpenters
Bill Perry 520 South Virgil Ave USA Retired
Trustee Los Angeles, CA 90020
Buddy Self 911 20th Street USA Financial Secretary,
Trustee Bakersfield, CA 91301 Carpenters Local
Union 743
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 20 of 33
UBC is a trust governed by a board of trustees. Its principal office is
located at 101 Constitution Avenue, N.W., Washington, DC 20001. The name,
address, citizenship and principal occupation of the executive officers and
trustees are as follows:
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
- -------------------- ----------------------- --------- --------------------
Douglas J. McCarron, 520 South Virgil Ave USA General President,
General President Los Angeles, CA 90020 UBC
and Trustee
Douglas J. Banes, 101 Constitution Ave NW USA First General Vice
First General Vice Washington, DC 20001 President, UBC
President and
Trustee
Andres J. Silins, 101 Constitution Ave NW USA Second General Vice
Second General Vice Washington, DC 20001 President, UBC
President and
Trustee
Byron G. Black 150 Cambria Road North USA Business Representa-
Goderich, Ontario tive, Carpenters
N7A 2R1 Local Union 2222
Kenneth H. Busch 130 Tri-County Parkway USA Secretary and Busi-
Suite 403 ness Manager, South-
Cincinnati, OH 45246 west Ohio District
Council of Carpenters
Jim R. Green 448 Hegenberger Road USA Executive Secretary,
Oakland, CA 94621-1418 Bay Counties District
Council of Carpenters
ICSOPP is a trust, governed by a board of trustees. The principal
administrative office of ICSOPP is located at 1130 Connecticut Avenue, N.W.,
Washington, D.C. 20036. The name, business address and present principal
occupation of each of the trustees and executive officers of ICSOPP are as
follows:
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
- -------------------- ----------------------- --------- --------------------
Robert E. Vagley American Insurance Assn USA President, American
Fiduciary 1130 Connecticut Ave NW Insurance Assn
Washington, DC 20036
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 21 of 33
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
- -------------------- ----------------------- --------- --------------------
Fred R. Marcon Insurance Svcs Office USA President, Insurance
Fiduciary 7 World Trade Center Services Office
New York, NY 10048
Gail P. Norstrom Industrial Risk Insurers USA President & CEO
Fiduciary 85 Woodland Street Industrial Risk
Hartford, CT 06102 Insurers
A. James Brodsky Insurance Company USA Director, Insurance
Director Supported Organizations Company Supported
Pension Plan and Trust Organizations
1130 Connecticut Ave NW Pension Plan and
Washington, DC 20036 Trust
Weintraub Reporting Persons
- ---------------------------
Prism is a California limited partnership whose principal business is
investing in securities, and whose principal office is located at 909
Montgomery Street, Suite 400, San Francisco, CA 94133. WCM is the sole
general partner of Prism.
WCM is a California general partnership whose principal business is acting as
general partner for investment partnerships and providing investment advisory
and financial consulting services. WCM is a registered investment adviser
with the Securities and Exchange Commission and with the State of California.
The general partners of WCM are Jerald M. Weintraub and Melody R. Howe
Weintraub. The address, citizenship and principal occupations of the general
partners of WCM are as follows:
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
- -------------------- ----------------------- --------- --------------------
Jerald M. Weintraub 909 Montgomery Street USA Managing General
Managing General Suite 400 Partner, Weintraub
Partner San Francisco, CA 94133 Capital Management
Melody R. Howe 909 Montgomery Street USA Political Consultant
Weintraub Suite 400
General Partner San Francisco, CA 94133
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 22 of 33
Fremont Reporting Persons
- -------------------------
Fremont Partners is a Delaware limited partnership. Its principal office is
located at 50 Fremont Street, Suite 3700, San Francisco, California 94105.
The sole general partner, its address, citizenship and principal occupation
are as follows:
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
- -------------------- ----------------------- --------- --------------------
FP Advisors 50 Fremont Street USA Not Applicable
Suite 3700
San Francisco, CA 94105
FP Advisors is a Delaware limited liability company. Its principal office is
located at 50 Fremont Street, Suite 3700, San Francisco, California 94105.
The sole managing partner of FP Advisors, its address, citizenship and
principal occupation are as follows:
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
- -------------------- ----------------------- --------- --------------------
The Group 50 Fremont Street USA Not Applicable
Suite 3700
San Francisco, CA 94105
The Group is a Delaware limited liability company. Its principal office is
located at 50 Fremont Street, Suite 3700, San Francisco, California 94105.
The names of the sole manager, the executive officers and directors of the
Group, their addresses, citizenship and principal occupation are as follows:
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
- -------------------- ----------------------- --------- --------------------
Fremont Investors 50 Fremont Street USA Not Applicable
Suite 3700
San Francisco, CA 94105
A.M. Dachs 50 Fremont Street USA President, Chief
President, Chief Suite 3700 Executive Officer
Executive Officer San Francisco, CA 94105 and Director of the
and Director Group and Fremont
Investors
S.D. Bechtel, Jr. 50 Fremont Street USA Chairman Emeritus
Chairman Emeritus Suite 3700 Bechtel Group, Inc.
and Director San Francisco, CA 94105 and the Group
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 23 of 33
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
- -------------------- ----------------------- --------- --------------------
Richard E. Cavanagh 50 Fremont Street USA President and Chief
Director Suite 3700 Executive Officer of
San Francisco, CA 94105 the Conference
Board, Inc.
H.J. Haynes 50 Fremont Street USA Director and Senior
Director Suite 3700 Counselor
San Francisco, CA 94105 Bechtel Group, Inc.
C.W. Hull 50 Fremont Street USA Chairman
Director Suite 3700 Energy Asset
San Francisco, CA 94105 Management, L.L.C.
R. Jaunich II 50 Fremont Street USA Managing Director
Managing Director Suite 3700 and Director
and Director San Francisco, CA 94105 The Group and
Fremont Investors
G.H. Lamphere 50 Fremont Street USA Managing Director
Managing Director Suite 3700 and Director
and Director San Francisco, CA 94105 The Group and
Fremont Investors
D.L. Redo 50 Fremont Street USA President and Chief
Managing Director Suite 3700 Executive Officer
and Director San Francisco, CA 94105 Fremont Investment
Advisors, Inc.
G.P. Shultz 50 Fremont Street USA Director and Senior
Director Suite 3700 Counselor
San Francisco, CA 94105 Bechtel Group, Inc.
J.W. Weiser 50 Fremont Street USA Director and Senior
Director Suite 3700 Counsel
San Francisco, CA 94105 Bechtel Group, Inc.
J.D. Mahaffey 50 Fremont Street USA President
Managing Director Suite 3700 Fremont Energy L.P.
San Francisco, CA 94105
J.S. Higgins 50 Fremont Street USA Managing Principal
Managing Principal Suite 3700 and Chief Financial
and Chief Financial San Francisco, CA 94105 Officer of The Group
Officer and Fremont Investors
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 24 of 33
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
- -------------------- ----------------------- --------- --------------------
R.S. Kopf 50 Fremont Street USA Managing Principal,
Managing Principal, Suite 3700 General Counsel and
General Counsel and San Francisco, CA 94105 Secretary, The Group
Secretary and Fremont Investors
D.W. Aronson 50 Fremont Street USA Treasurer, The Group
Treasurer Suite 3700 and Fremont Investors
San Francisco, CA 94105
Fremont Investors is a Nevada corporation. Its principal office is located at
50 Fremont Street, Suite 3700, San Francisco, California 94105. The names of
the executive officers and directors of Fremont Investors, their addresses,
citizenship and principal occupation are as follows:
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
- -------------------- ----------------------- --------- --------------------
A.M. Dachs 50 Fremont Street USA President, Chief
President, Chief Suite 3700 Executive Officer
Executive Officer San Francisco, CA 94105 and Director of the
and Director Group and Fremont
Investors
S.D. Bechtel, Jr. 50 Fremont Street USA Chairman Emeritus
Chairman Emeritus Suite 3700 Bechtel Group, Inc.
and Director San Francisco, CA 94105 and Fremont Investors
Richard E. Cavanagh 50 Fremont Street USA President and Chief
Director Suite 3700 Executive Officer of
San Francisco, CA 94105 the Conference
Board, Inc.
H.J. Haynes 50 Fremont Street USA Director and Senior
Director Suite 3700 Counselor
San Francisco, CA 94105 Bechtel Group, Inc.
C.W. Hull 50 Fremont Street USA Chairman
Director Suite 3700 Energy Asset
San Francisco, CA 94105 Management, L.L.C.
R. Jaunich II 50 Fremont Street USA Managing Director
Managing Director Suite 3700 and Director
and Director San Francisco, CA 94105 The Group and
Fremont Investors
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 25 of 33
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
- -------------------- ----------------------- --------- --------------------
G.H. Lamphere 50 Fremont Street USA Managing Director
Managing Director Suite 3700 and Director
and Director San Francisco, CA 94105 The Group and
Fremont Investors
D.L. Redo 50 Fremont Street USA President and Chief
Managing Director Suite 3700 Executive Officer
and Director San Francisco, CA 94105 Fremont Investment
Advisors, Inc.
G.P. Shultz 50 Fremont Street USA Director and Senior
Director Suite 3700 Counselor
San Francisco, CA 94105 Bechtel Group, Inc.
J.W. Weiser 50 Fremont Street USA Director and Senior
Director Suite 3700 Counsel
San Francisco, CA 94105 Bechtel Group, Inc.
J.D. Mahaffey 50 Fremont Street USA President
Managing Director Suite 3700 Fremont Energy L.P.
San Francisco, CA 94105
J.S. Higgins 50 Fremont Street USA Managing Principal
Managing Principal Suite 3700 and Chief Financial
and Chief Financial San Francisco, CA 94105 Officer of The Group
Officer and Fremont Investors
R.S. Kopf 50 Fremont Street USA Managing Principal,
Managing Principal, Suite 3700 General Counsel and
General Counsel and San Francisco, CA 94105 Secretary, The Group
Secretary and Fremont Investors
D.W. Aronson 50 Fremont Street USA Treasurer, The Group
Treasurer Suite 3700 and Fremont Investors
San Francisco, CA 94105
* * *
To the best knowledge of the Reporting Persons, none of the entities or
persons identified in this Item 2 has, during the past five years, been
convicted of any criminal proceeding (excluding traffic violations or similar
misdemeanors), nor 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.
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 26 of 33
Neither the Blum Reporting Persons, the Weintraub Reporting Persons nor the
Fremont Reporting Persons are responsible for the completeness or accuracy of
the information concerning the other persons making this filing, unless such
person knows or has reason to believe that such information is inaccurate.
Item 3. Source and Amount of Funds or Other Consideration
- ----------------------------------------------------------
The source of funds for the purchases of securities was the working capital of
the Blum Reporting Persons and the Weintraub Reporting Persons. As of this
date, the Fremont Group does not own any securities of the Issuer. Should the
Blum Reporting Persons and the Fremont Reporting Persons decide to acquire
control of the Issuer, the source of funds to be used in the acquisition may
differ for each group. The Blum Reporting Persons intend to use as their
source of funds capital from commercial bank loans and/or security issuances.
The Fremont Reporting Persons would intend to use as their source of funds
capital from commercial bank loans and/or security issuances.
Item 4. Purpose of Transaction
- -------------------------------
The Blum Reporting Persons and the Weintraub Reporting Persons previously
acquired the securities of the Issuer in the ordinary course of their
respective businesses, which is the investment business.
In the ordinary course of that business, the Blum Reporting Persons may
discuss from time to time with representatives of the Issuer and with selected
shareholders of the Issuer ideas that the Blum Reporting Persons believe might
enhance shareholder value, including ideas that might, if effected, result in
any of the following: the acquisition by persons of additional securities of
the Issuer, an extraordinary corporate transaction involving the Issuer,
and/or changes in the board of directors or management of the Issuer.
Depending upon market conditions and other factors, the Blum Reporting Persons
may acquire additional securities of the Issuer in the open market, in
privately negotiated transactions or otherwise. Alternatively, depending upon
market conditions or other factors, the Blum Reporting Persons may, from time
to time, dispose of some or all of the securities of the Issuer that they own
beneficially.
On May 29, 1997, the Issuer announced publicly that it had retained the
investment banking firm of Alex. Brown & Sons, Inc. ("Alex. Brown") "to help
it explore strategic options and ways to increase shareholder value." Alex.
Brown subsequently notified Blum Reporting Persons that indications of
interest concerning the Issuer are due by July 10, 1997.
On July 10, 1997, the Blum Reporting Persons and the Fremont Reporting Persons
agreed to submit a joint indication of interest to the Issuer, through Alex.
Brown. Depending on the Issuer's response to the joint indication of
interest, the Blum Reporting Persons and the Fremont Reporting Persons agreed
to proceed, as a group, to attempt to acquire control of the Issuer in a
friendly, privately-negotiated transaction with the Issuer and the Issuer's
controlling shareholder.
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 27 of 33
Other than as set forth in this statement, the Blum Reporting Persons, the
Weintraub Reporting Persons and the Fremont Reporting Persons do not have any
present plans or proposals that relate to or would result in any of the
consequences listed in paragraphs (a)-(j) of Schedule 13D, or any agreement
regarding such matters, although they may in the future take actions that
would have such consequences.
Item 5. Interest in Securities of the Issuer
- ---------------------------------------------
(a),(b) According to the Issuer's most recent Form 10-Q, there were 42,442,535
shares of Common Stock issued and outstanding as of April 30, 1997. Based
on such information the following Reporting Persons report the following
direct holdings and corresponding percentage interests in the Common Stock:
Shares of Common Percentage
Name Stock Owned Owned
- ------------------- ------------------- -----------
Stinson 444,200 1.05%
BK IV 151,000 0.36%
Carpenters Trust 2,176,950 5.13%
UBC 340,100 0.80%
ICSOPP 315,700 0.74%
Prism 252,000 0.59%
--------- -----
Total 3,679,950 8.67%
========= =====
In addition, because RCBA L.P. has voting and investment power with respect to
360,300 shares that are legally owned by The Common Fund for the account of
its Equity Fund ("The Common Fund"), those shares are reported as beneficially
owned by RCBA L.P. The Common Fund is principally engaged in the business of
managing investments for educational institutions. The principal
administrative office of The Common Fund is located at 450 Post Road East,
Westport, Connecticut 06881-0909. The Common Fund disclaims membership in a
group with any of the Reporting Persons, and disclaims beneficial ownership of
any shares held by the Reporting Persons.
Voting and investment power with respect to the above shares held by Stinson,
BK IV, Carpenters Trust, UBC, ICSOPP and The Common Fund are held solely by
RCBA L.P. The Blum Reporting Persons therefore may be deemed to be members in
a group, in which case each Reporting Person would be deemed to have
beneficial ownership of an aggregate of 3,788,250 shares of the Common Stock,
which is 8.93% of the outstanding Common Stock. As the sole general partner
of RCBA L.P., RCBA Inc. is deemed the beneficial owner of the securities over
which RCBA L.P. has voting and investment power. As Chairman, director and a
substantial shareholder of RCBA Inc., Richard C. Blum might be deemed to be
the beneficial owner of the securities beneficially owned by RCBA Inc.
Although Mr. Blum is joining in this Schedule as a Reporting Person, the
filing of this Schedule shall not be construed as an admission that he, or any
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 28 of 33
of the other shareholders, directors or executive officers of RCBA Inc. is,
for any purpose, the beneficial owner of any of the securities that are
beneficially owned by RCBA Inc.
Voting and investment power with respect to the above shares held by Prism are
held solely by WCM. The Weintraub Reporting Persons therefore may be deemed
to be members in a group, in which case each Weintraub Reporting Person would
be deemed to have beneficial ownership of an aggregate of 252,000 shares of
the Common Stock, which is 0.59% of the outstanding Common Stock. As the
managing general partner of WCM, Jerald M. Weintraub might be deemed to be the
beneficial owner of the securities beneficially owned by WCM. Although
Jerald M. Weintraub is joining in this Schedule as a Weintraub Reporting
Person, the filing of this Schedule shall not be construed as an admission
that he is, for any purpose, the beneficial owner of any of the securities
that are beneficially owned by WCM.
Certain of the shares of Common Stock owned by the Reporting Persons were
acquired in block trades by the Blum Reporting Persons and the Weintraub
Reporting Persons. These shares were then divided among the Reporting
Persons. Because of the block trades, the Blum Reporting Persons and the
Weintraub Reporting Persons may be deemed to have constituted a group for
purposes of acquiring certain shares of the stock. Thus, the Reporting
Persons have reported their holdings in aggregate on Lines 8, 10, 11, and 13
of Schedule 13D, i.e., 4,040,250 shares of Common Stock, which is 9.52% of the
outstanding Common Stock. Although each of the Reporting Persons identified
might be deemed to be part of a group by virtue of the acquisition of the
shares specified in the first sentence of this paragraph, they all, except as
disclosed herein, disclaim acting as a group and disclaim "beneficial
ownership" in the shares of each of such persons (other than himself, herself,
or itself). No Blum Reporting Person has the right or power to, and does not
exercise any control over, the management of policies of any Weintraub
Reporting Person or exercise investment discretion over any account managed by
any Weintraub Reporting Person. Conversely, no Weintraub Reporting Person has
the right or power to, and does not exercise any control over, the management
or policies of any Blum Reporting Person or exercise investment discretion
over any account managed by any Blum Reporting Person.
As of this date, the Fremont Group does not own any securities of the Issuer.
Moreover, the Fremont Group expressly disclaims beneficial ownership of any of
the securities of the Issuer, including but not limited to those securities of
the Issuer owned by the Blum Reporting Persons or the Weintraub Reporting
Persons.
(c), (d) and (e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
- ----------------------------------------------------------------------
None of the Reporting Persons or, to the best knowledge of the Reporting
Persons, the other persons named in Item 2, is a party to any contract,
arrangement, understanding or relationship (legal or otherwise) with respect
to any securities of the Issuer, including but not limited to the
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 29 of 33
transfer or voting of any securities of the Issuer, finder's fees, joint
ventures, loan or option arrangements, puts or calls, guarantees of
profits, division of profits or loss, or the giving or withholding of
proxies, except (i) as previously disclosed, or (ii) as noted above, RCBA
L.P. has the power to vote and dispose of the Common Stock held by it for
the benefit of the Common Fund.
Item 7. Material to be Filed as Exhibits
- -----------------------------------------
Exhibit A Joint Filing Undertaking.
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 30 of 33
SIGNATURES
After reasonable inquiry and to the best or our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: July 10, 1997
RICHARD C. BLUM & ASSOCIATES, L.P. RICHARD C. BLUM & ASSOCIATES, INC.
By /s/ Murray A. Indick By /s/ Murray A. Indick
------------------------------- -----------------------------------
Murray A. Indick Murray A. Indick
Managing Director Managing Director, General Counsel
and General Counsel and Secretary
STINSON CAPITAL PARTNERS, L.P. /s/ N. Colin Lind
BK CAPITAL PARTNERS IV, L.P. ---------------------------------------
RICHARD C. BLUM
By Richard C. Blum & Associates, By N. Colin Lind,
L.P., its General Partner Attorney-in-Fact
By /s/ Murray A. Indick THE CARPENTERS PENSION TRUST FOR
--------------------------- SOUTHERN CALIFORNIA
Murray A. Indick
Managing Director UNITED BROTHERHOOD OF CARPENTERS
and General Counsel AND JOINERS OF AMERICA LOCAL UNIONS
AND COUNCILS PENSION FUND
PRISM PARTNERS I, L.P.
INSURANCE COMPANY SUPPORTED
By Weintraub Capital Management, ORGANIZATIONS PENSION PLAN
its General Partner
By Richard C. Blum & Associates, L.P.,
By /s/ Jerald M. Weintraub its Investment Advisor
-----------------------
Jerald M. Weintraub By /s/ Murray A. Indick
Managing General Partner -------------------------------
Murray A. Indick
WEINTRAUB CAPITAL MANAGEMENT Managing Director
and General Counsel
By /s/ Jerald M. Weintraub
---------------------------
Jerald M. Weintraub,
Managing General Partner
/s/ Jerald M. Weintraub [CONTINUED ON NEXT PAGE]
- -------------------------------
JERALD M. WEINTRAUB
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 31 of 33
FREMONT PARTNERS, L.P.
FP ADVISORS
FREMONT GROUP, L.L.C.
FREMONT INVESTORS, INC.
By /s/ R.S. Kopf
---------------------------
R.S. Kopf
Executive Officer or Executive
Officer of a Partner of each
Fremont Reporting Person
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 32 of 33
Exhibit A
JOINT FILING UNDERTAKING
The undersigned, being duly authorized thereunto, hereby execute this
agreement as an exhibit to this Schedule 13D to evidence the agreement of the
below-named parties, in accordance with the rules promulgated pursuant to the
Securities Exchange Act of 1934, to file this Schedule jointly on behalf of
each such party.
Dated: July 10, 1997
RICHARD C. BLUM & ASSOCIATES, L.P. RICHARD C. BLUM & ASSOCIATES, INC.
By /s/ Murray A. Indick By /s/ Murray A. Indick
------------------------------- -----------------------------------
Murray A. Indick Murray A. Indick
Managing Director Managing Director, General Counsel
and General Counsel and Secretary
STINSON CAPITAL PARTNERS, L.P. /s/ N. Colin Lind
BK CAPITAL PARTNERS IV, L.P. ---------------------------------------
RICHARD C. BLUM
By Richard C. Blum & Associates, By N. Colin Lind,
L.P., its General Partner Attorney-in-Fact
By /s/ Murray A. Indick THE CARPENTERS PENSION TRUST FOR
--------------------------- SOUTHERN CALIFORNIA
Murray A. Indick
Managing Director UNITED BROTHERHOOD OF CARPENTERS
and General Counsel AND JOINERS OF AMERICA LOCAL UNIONS
AND COUNCILS PENSION FUND
PRISM PARTNERS I, L.P.
INSURANCE COMPANY SUPPORTED
By Weintraub Capital Management, ORGANIZATIONS PENSION PLAN
its General Partner
By Richard C. Blum & Associates, L.P.,
By /s/ Jerald M. Weintraub its Investment Advisor
-----------------------
Jerald M. Weintraub By /s/ Murray A. Indick
Managing General Partner -------------------------------
Murray A. Indick
WEINTRAUB CAPITAL MANAGEMENT Managing Director
and General Counsel
By /s/ Jerald M. Weintraub
---------------------------
Jerald M. Weintraub,
Managing General Partner
/s/ Jerald M. Weintraub [CONTINUED ON NEXT PAGE]
- -------------------------------
JERALD M. WEINTRAUB
CUSIP NO. 49460W-01-0 SCHEDULE 13D Page 33 of 33
FREMONT PARTNERS, L.P.
FP ADVISORS
FREMONT GROUP, L.L.C.
FREMONT INVESTORS, INC.
By /s/ R.S. Kopf
---------------------------
R.S. Kopf
Executive Officer or Executive
Officer of a Partner of each
Fremont Reporting Person
