SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
Xpedite Systems, Inc.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
893929100
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(CUSIP Number)
Robert S. Vaters
c/o Xpedite Systems, Inc.
446 Highway 35, Eatontown, New Jersey 07724; Telephone (908) 389-3900
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
July 10, 1997
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(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.
(Continued on following pages)
(Page 1 of 12 Pages)
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*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 the "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>
SCHEDULE 13D
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CUSIP No. 893929100 Page 2 of 12 Pages
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1 NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert S. Vaters; SS. No. ###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 7 SOLE VOTING POWER
SHARES 25,000
BENEFICIALLY -------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 0
REPORTING -------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 25,000
-------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
25,000
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* /X/
Excludes shares beneficially owned by the other persons joining in
the filing of this Schedule 13D as to which beneficial ownership is
disclaimed.
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
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14 TYPE OF REPORTING PERSON*
IN
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<PAGE>
SCHEDULE 13D
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CUSIP No. 893929100 Page 3 of 12 Pages
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1 NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Roy B. Andersen, Jr.; SS. No. ###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 7 SOLE VOTING POWER
SHARES 308,032
BENEFICIALLY -------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 0
REPORTING -------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 308,032
-------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
308,032
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* /X/
Excludes shares beneficially owned by the other persons joining in
the filing of this Schedule 13D as to which beneficial ownership is
disclaimed.
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.3%
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14 TYPE OF REPORTING PERSON*
IN
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<PAGE>
SCHEDULE 13D
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CUSIP No. 893929100 Page 4 of 12 Pages
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1 NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Vincent DeVita; SS. No. ###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 7 SOLE VOTING POWER
SHARES 7,250
BENEFICIALLY -------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING -------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 7,250
-------------------------------------------------
10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,250
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
Excludes shares beneficially owned by the other persons joining in
the filing of this Schedule 13D as to which beneficial ownership is
disclaimed.
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.1%
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14 TYPE OF REPORTING PERSON*
IN
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<PAGE>
SCHEDULE 13D
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CUSIP No. 893929100 Page 5 of 12 Pages
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1 NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Max A. Slifer; SS. No. ###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) /X/
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 7 SOLE VOTING POWER
SHARES 172,085
BENEFICIALLY -------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 0
REPORTING -------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 172,085
-------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
172,085
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* /X/
Excludes shares beneficially owned by the other persons joining in
the filing of this Schedule 13D as to which beneficial ownership is
disclaimed.
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.8%
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14 TYPE OF REPORTING PERSON*
IN
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<PAGE>
SCHEDULE 13D
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CUSIP No. 893929100 Page 6 of 12 Pages
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1 NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Dennis Schmaltz; SS. No. ###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b)
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) /X/
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 7 SOLE VOTING POWER
SHARES 171,139
BENEFICIALLY -------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 0
REPORTING -------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 171,139
-------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
171,139
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* /X/
Excludes shares beneficially owned by the other persons joining in
the filing of this Schedule 13D as to which beneficial ownership is
disclaimed.
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.8%
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14 TYPE OF REPORTING PERSON*
IN
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<PAGE>
SCHEDULE 13D
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CUSIP No. 893929100 Page 7 of 12 Pages
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1 NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
UBS Partners LLC; I.R.S. No. 13-3952900
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
Not applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY -------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 0
REPORTING -------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
-------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* /X/
Excludes shares beneficially owned by the other persons joining in
the filing of this Schedule 13D as to which beneficial ownership is
disclaimed.
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
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14 TYPE OF REPORTING PERSON*
OO
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<PAGE>
SCHEDULE 13D
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CUSIP No. 893929100 Page 8 of 12 Pages
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1 NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Fenway Partners, Inc.; I.R.S. No. ###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
Not applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY -------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 0
REPORTING -------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
-------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* /X/
Excludes shares beneficially owned by the other persons joining in
the filing of this Schedule 13D as to which beneficial ownership is
disclaimed.
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
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14 TYPE OF REPORTING PERSON*
CO
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<PAGE>
AMENDMENT NO. 3 TO
SCHEDULE 13D
This Amendment No. 3 amends and supplements (i) the statement on
Schedule 13D dated February 11, 1997 filed by Roy B. Andersen, Jr., Robert S.
Vaters, Dennis Schmaltz, Max A. Slifer and George Abi Zeid, (ii) Amendment No. 1
to Schedule 13D filed on April 25, 1997 by Roy B. Andersen, Jr., Robert S.
Vaters, Dennis Schmaltz, Max A. Slifer and George Abi Zeid and Amendment No. 2
to Schedule 13D filed on July 7, 1997 by Roy B. Andersen, Jr., Robert S. Vaters,
Dennis Schmaltz, Max A. Slifer, Vincent DeVita, UBS Partners LLC and Fenway
Partners, Inc. relating to the common stock, par value $.01 per share (the
"Common Stock"), of Xpedite Systems, Inc., a Delaware corporation ("Xpedite" or
the "Company"). Capitalized terms used herein without definition have the
meanings assigned to such terms in the initial filing or a previous amendment
thereto.
Item 4. PURPOSE OF TRANSACTION
Item 4 is amended by adding the following:
"In discussions with the Company on July 9 and July 10, 1997, the
Reporting Persons amended their offer to acquire the Company as follows:
The per share purchase price will be $23.00, assuming a purchase price
for Xpedite Systems Ltd. ("XSL") of $85 million or less. The aggregate purchase
price for shares of Common Stock of the Company would be reduced by 50% of any
amount by which the purchase price for XSL exceeds $85 million; PROVIDED, that
in no event will the per share purchase price for shares of Common Stock of the
Company be reduced below $22.50. The proposal will still be conditioned upon the
simultaneous or prior acquisition by the Company or the Reporting Persons of XSL
on terms (including price) acceptable to the Reporting Persons, but would no
longer be conditioned on the simultaneous acquisition of Xpedite Systems GmbH.
In addition to the other conditions previously disclosed, the proposal would
also be conditioned on the agreement by the shareholders of Xpedite Systems S.A.
("XSSA") to receive 100% payment in cash rather than partial payment in shares
of Common Stock of the Company following a put or call of XSSA stock pursuant to
a Put and Call Option Agreement dated as of December 15, 1993. The Reporting
Persons advised Merrill Lynch that in order to achieve the benefits of "recap
accounting" they need to have shareholders other than management "roll over"
equity with a value of approximately $5 million valued at the offer price of
$23.00 per share and that while the Reporting Persons do not intend to permit a
substantial number of non-management stockholders to "roll over" equity, they
may have discussions with large institutional stockholders selected by the
Reporting Persons in addition to those named in paragraph 3 of Exhibit 3 with
respect to such "roll over"; however, UBS Partners and Fenway will still require
lockup agreements from management, David Epstein, Robert Epstein, Stuart Epstein
and affiliates of Patricof & Co. Ventures, Inc."
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<PAGE>
Item 5 is amended in its entirety to read as follows:
Item 5. INTEREST IN SECURITIES OF THE ISSUER
(a) For information with respect to the aggregate number and
percentage of Common Stock owned by each of the Reporting Persons, see Rows 11
and 13, respectively, of the cover page for each Reporting Person. The aggregate
amount of Common Stock deemed to be beneficially owned by the Reporting Persons
by virtue of their being deemed to constitute a "group" is 683,506 shares or
7.35% of the outstanding shares of Common Stock of the Company. Each Reporting
Person disclaims beneficial ownership of the Shares of Common Stock held of
record by each other Reporting Person.
(b) For information with respect to the power to vote or direct the
vote and the power to dispose or to direct the disposition of the Common Stock
owned by each of the Reporting Persons, see Rows 7 through 10 of the cover page
for each such Reporting Person.
(c) No transactions in the Common Stock were effected during the past
60 days by any Reporting Person.
(d) Not applicable.
(e) Not applicable.
Item 7 is amended as follows:
Item 7. MATERIAL TO BE FILED AS EXHIBITS
1. Joint filing agreement of the Reporting Persons dated July 7,
1997.*
2. Power of Attorney (included in Exhibit 1).*
3. Offer Letter dated July 7, 1997 from the Reporting Persons to
Merrill Lynch & Co.*
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*Filed Previously
-10-
<PAGE>
SIGNATURE
-----------
After reasonable inquiry and to the best of our knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
Dated: July 11, 1997
/s/ Roy B. Andersen, Jr.
--------------------------------------
Roy B. Andersen, Jr.*
/s/ Robert S. Vaters
--------------------------------------
Robert S. Vaters
/s/ Dennis Schmaltz
--------------------------------------
Dennis Schmaltz*
/s/ Max A. Slifer
--------------------------------------
Max A. Slifer*
/s/ Vincent DeVita
--------------------------------------
Vincent DeVita*
*By: Robert S. Vaters
As Attorney-in-Fact
-11-
<PAGE>
UBS PARTNERS LLC
/s/ Michael Greene
By:-----------------------------------
Name: Michael Greene
Title: Vice President/Treasurer
/s/ Marc Unger
By:-----------------------------------
Name: Marc Unger
Title: Manager
FENWAY PARTNERS, INC.
/s/ Peter Lamm
By:-----------------------------------
Name: Peter Lamm
Title: President
-12-
