SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Silgan Holdings Inc.
(Name of Issuer)
Common Stock, par value $.01
(Title of Class of Securities)
827048 10 9
(CUSIP Number)
*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 the disclosures provided in a prior cover page.
The information required in 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 (the "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>
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CUSIP No. 827048 10 9 13G Page 2 of 18 Pages
- --------------------- -------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
The Morgan Stanley Leveraged Equity Fund II, L.P.
06-6312775
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |X|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF -----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 12,988,930
OWNED BY -----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON -----------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
5,835,842
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,988,930
- --------------------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
68.9%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 827048 10 9 13G Page 3 of 18 Pages
- --------------------- -------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Morgan Stanley Leveraged Equity Fund II, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |X|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF -----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 12,988,930
OWNED BY -----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON -----------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
5,835,842
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,988,930
- --------------------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
68.9%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 827048 10 9 13G Page 4 of 18 Pages
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- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Morgan Stanley, Dean Witter, Discover & Co.
36-3145972
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |X|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF -----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 12,988,930
OWNED BY -----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON -----------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
5,835,842
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,988,930
- --------------------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
68.9%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 827048 10 9 13G Page 5 of 18 Pages
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- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
R. Philip Silver
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |X|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF -----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 12,988,931
OWNED BY -----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 3,576,544
PERSON -----------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,988,931
- --------------------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
68.9%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 827048 10 9 13G Page 6 of 18 Pages
- --------------------- -------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
D. Greg Horrigan
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |X|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF -----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 12,988,931
OWNED BY -----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 3,576,544
PERSON -----------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,988,931
- --------------------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
68.9%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 827048 10 9 13G Page 7 of 18 Pages
- --------------------- -------------------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Silver Family Limited Partnership
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |X|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF -----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 12,988,930
OWNED BY -----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON -----------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
154,198.3
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,988,930
- --------------------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
68.9%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 827048 10 9 13G Page 8 of 18 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Horrigan Family Limited Partnership
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |X|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF -----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 12,988,930
OWNED BY -----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON -----------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
154,198.3
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,988,930
- --------------------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
68.9%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 827048 10 9 13G Page 9 of 18 Pages
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- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
S&H Inc.
06-1204958
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |X|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF -----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 1
OWNED BY -----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON -----------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1
- --------------------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 10 of 18 Pages
Item 1(a). Name of Issuer.
Silgan Holdings Inc. (the "Company")
Item 1(b). Address of Issuer's Principal Executive Offices.
4 Landmark Square
Stamford, Connecticut 06901
Item 2(a). Name of Person Filing.
The Morgan Stanley Leveraged Equity Fund II, L.P. ("MSLEF II")
Morgan Stanley Leveraged Equity Fund II, Inc. ("MSLEF II, Inc.")
Morgan Stanley, Dean Witter, Discover & Co. ("Morgan Stanley")
D. Greg Horrigan
R. Philip Silver
Horrigan Family Limited Partnership
Silver Family Limited Partnership
S&H Inc.
Item 2(b). Address of Principal Business Office or, if None, Residence.
The business address of MSLEF II is 1221 Avenue of the Americas, New
York, New York 10020.
The business address of MSLEF II, Inc. is 1221 Avenue of the Americas,
New York, New York 10020.
The business address of Morgan Stanley is 1585 Broadway, New York, New
York 10036.
The business address of D. Greg Horrigan is 4 Landmark Square,
Suite 400, Stamford, Connecticut 06901.
The business address of R. Philip Silver is 4 Landmark Square,
Suite 400, Stamford, Connecticut 06901.
The business address of the Horrigan Limited Partnership is 4 Landmark
Square, Suite 400, Stamford, Connecticut 06901.
The business address of the Silver Family Limited Partnership is
4 Landmark Square, Suite 400, Stamford, Connecticut 06901.
The business address of S&H Inc. is 4 Landmark Square, Suite 400,
Stamford, Connecticut 06901.
<PAGE>
Page 11 of 18 Pages
Item 2(c). Citizenship.
Each of the persons filing this statement is a United States citizen or
a corporation or limited partnership organized under the laws of a state of the
United States.
Item 2(d). Title of Class of Securities.
This statement relates to the Company's Common Stock, $.01 par value
per share.
Item 2(e). CUSIP Number.
827048 10 9
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or
13d-2(b), check whether the person filing is a:
(a) |_| Broker or Dealer registered under Section 15 of the Act,
(b) |_| Bank as defined in Section 3(a)(6) of the Act,
(c) |_| Insurance Company as defined in Section 3(a)(19) of the Act,
(d) |_| Investment Company registered under Section 8 of the
Investment Company Act,
(e) |_| Investment Adviser registered under Section 203 of the
Investment Advisors Act of 1940,
(f) |_| Employee Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income Security Act
of 1974 or Endowment Fund; see Section 240.13d-1(b)(1)(ii)(F),
(g) |_| Parent Holding Company, in accordance with Section
240.13d-1(b)(1)(ii)(G),
(h) |_| Group, in accordance with Section 240.13d-1(b)(1)(ii)(J).
Not applicable.
<PAGE>
Page 12 of 18 Pages
Item 4. Ownership.
(a), (b) and (c)
The table below indicates the beneficial ownership of Common Stock as
of December 31, 1997 of the persons filing this statement:
Beneficial Percent of
Ownership (1) Class (2)
------------- ---------
The Morgan Stanley Leveraged 12,988,930 68.9%
Equity Fund II, L.P. (4)
The Morgan Stanley Leveraged 12,988,930 68.9%
Equity Fund II, Inc. (5)
Morgan Stanley, Dean Witter, 12,988,930 68.9%
Discover & Co. (6)
R. Philip Silver (3)(4) 12,988,931 68.9%
D. Greg Horrigan (3)(4) 12,988,931 68.9%
Silver Family Limited Partnership (4)(7) 12,988,930 68.9%
Horrigan Family Limited Partnership (4)(7) 12,988,930 68.9%
S&H Inc. (3) 1 0%
- --------------------------------------------------------------------------------
(1) Each person shares voting and dispositive power with the other
persons listed in this chart, with respect to the shares shown as beneficially
owned, except as indicated below.
(2) Based on 18,862,834 shares of Common Stock outstanding as of
December 31, 1997.
(3) Messrs. Silver and Horrigan share voting and dispositive power with
respect to one (1) share of Common Stock, which share of Common Stock is owned
by S&H Inc., a company wholly owned by Messrs. Silver and Horrigan.
(4) MSLEF II and Messrs. Silver and Horrigan are parties to a
Stockholders Agreement dated as of December 21, 1993, as amended, which contains
certain restrictions with respect to the transferability of Common Stock by the
parties thereto and certain agreements with respect to (i) the voting of Common
Stock held by the parties thereto (including certain transferees of the parties
thereto) in connection with the election of directors of the Company and certain
mergers and sales involving the Company and (ii) certain registration rights
granted by the Company to the parties thereunder. MSLEF II and Messrs. Silver
and Horrigan are also parties to a Stockholders Agreement dated as of February
14, 1997, which contains certain agreements with respect to the voting of Common
Stock held or controlled by the parties thereto in connection with the election
of directors of the Company and with respect to certain mergers and sales
involving the Company. Accordingly, MSLEF II and Messrs. Silver and Horrigan (as
well as Silver Family Limited Partnership and Horrigan Family Limited
Partnership as transferees of Messrs. Silver and Horrigan, respectively) share
voting power with respect to (i) 5,835,842 shares
<PAGE>
Page 13 of 18 Pages
of Common Stock owned by MSLEF II, (ii) 3,422,345.7 shares of Common Stock owned
by Mr. Silver, (iii) 3,422,345.7 shares of Common Stock owned by Mr. Horrigan
(iv) 154,198.3 shares of Common Stock owned by Silver Family Limited
Partnership, and (iv) 154,198.3 shares of Common Stock owned by Horrigan Family
Limited Partnership.
(5) MSLEF II, Inc. is the general partner of MSLEF II and may be deemed
to have shared voting and dispositive power with respect to any shares held by
MSLEF II.
(6) Morgan Stanley is the parent company of MSLEF II, Inc. and may be
deemed to have shared voting and dispositive power with respect to any shares
held by MSLEF II.
(7) Mr. Silver is the sole general partner of Silver Family Limited
Partnership and shares voting and dispositive power with Silver Family Limited
Partnership over the Common Stock owned by such partnership, and Mr. Horrigan is
the sole general partner of Horrigan Family Limited Partnership and shares
voting and dispositive power with Horrigan Family Limited Partnership over the
Common Stock owned by such partnership.
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the beneficial owner of
more than five percent of the class of securities, check the following. |_|
Item 6. Ownership of More than Five Percent on Behalf of
Another Person.
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
Not applicable.
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Date: February 17, 1997
THE MORGAN STANLEY LEVERAGED
EQUITY FUND II, L.P.
By: Morgan Stanley Leveraged
Equity Fund II, Inc., its
general partner
By: /s/ Peter R. Vogelsang
------------------------------
Name: Peter R. Vogelsang
Title: Secretary
MORGAN STANLEY LEVERAGED
EQUITY FUND II, INC.
By: /s/ Peter R. Vogelsang
------------------------------
Name: Peter R. Vogelsang
Title: Secretary
MORGAN STANLEY, DEAN WITTER,
DISCOVER & CO.
By: /s/ Peter R. Vogelsang
------------------------------
Name: Peter R. Vogelsang
Title: Authorized Signatory
SILVER FAMILY LIMITED PARTNERSHIP
By: /s/ R. Philip Silver
------------------------------
Name: R. Philip Silver
Title: General Partner
<PAGE>
HORRIGAN FAMILY LIMITED PARTNERSHIP
By: /s/ D. Greg Horrigan
------------------------------
Name: D. Greg Horrigan
Title: General Partner
S&H INC.
By: /s/ R. Philip Silver
------------------------------
Name: R. Philip Silver
Title: President
By: /s/ R. Philip Silver
------------------------------
Name: R. Philip Silver
By: /s/ D. Greg Horrigan
------------------------------
Name: D. Greg Horrigan
<PAGE>
EXHIBIT 1
1. The Morgan Stanley Leveraged Equity Fund II, L.P.
2. The Morgan Stanley Leveraged Equity Fund II, Inc.
3. Morgan Stanley, Dean Witter, Discover & Co.
4. R. Philip Silver.
5. D. Greg Horrigan.
6. Silver Family Limited Partnership.
7. Horrigan Family Limited Partnership.
8. S&H Inc.
<PAGE>
EXHIBIT 2
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(1) promulgated under the Securities
Exchange Act of 1934, as amended, the undersigned hereby agree to the joint
filing with each other on behalf of each of them of a statement on Schedule 13G
with respect to the common stock, $.01 par value, of Silgan Holdings Inc. This
Joint Filing Agreement shall be included as an exhibit to such Schedule 13G.
IN WITNESS WHEREOF, the undersigned have executed this Joint Filing
Agreement as of the 17th day of February 1998.
THE MORGAN STANLEY LEVERAGED MORGAN STANLEY, DEAN WITTER
EQUITY FUND II, L.P. DISCOVER & CO.
By: Morgan Stanley Leveraged
Equity Fund II, Inc., its general
partner By: /s/ Peter R. Vogelsang
----------------------------
Name: Peter R. Vogelsang
Title: Authorized Signatory
By: /s/ Peter R. Vogelsang
----------------------------
Name: Peter R. Vogelsang
Title: Secretary
MORGAN STANLEY LEVERAGED S&H INC.
EQUITY FUND II, INC.
By: /s/ Peter R. Vogelsang By: /s/ R. Philip Silver
---------------------------- -----------------------------
Name: Peter R. Vogelsang Name: R. Philip Silver
Title: Secretary Title: President
<PAGE>
SILVER FAMILY LIMITED
PARTNERSHIP
By: /s/ R. Philip Silver By: /s/ D. Greg Horrigan
---------------------------- -----------------------------
Name: R. Philip Silver Name: D. Greg Horrigan
Title: General Partner
HORRIGAN FAMILY LIMITED
PARTNERSHIP
By: /s/ D. Greg Horrigan By: /s/ R. Philip Silver
---------------------------- -----------------------------
Name: D. Greg Horrigan Name: R. Philip Silver
Title: General Partner
