<PAGE>
SCHEDULE 13D
(Rule 13d-101)
Information to be Included in Statements Filed Pursuant to Rule 13d-1(a) and
Amendments Thereto Filed Pursuant to Rule 13d-2(a)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Under the Securities Exchange Act of 1934
(Amendment No. 2 )*
-----
Hines Horticulture, Inc.
---------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
---------------------------------------------------
(Title of Class of Securities)
433245107
---------------------------------------------
(CUSIP Number)
Copy to:
Paul R. Wood James S. Rowe
Madison Dearborn Partners, Inc. Kirkland & Ellis
Three Bank One Plaza, Suite 3800 200 E. Randolph Drive
Chicago, Illinois 60602 Chicago, Illinois 60601
312/895-1000 312/861-2000
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 28, 2000
---------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
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).
(Continued on following pages)
Page 1 of 15 Pages
<PAGE>
-------------------------- ---------------------
CUSIP No. 433245107 13D Page 2 of 15 Pages
--------- - --
-------------------------- ---------------------
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1
Madison Dearborn Capital Partners, L.P.
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
N/A (See Item 3)
------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(D) or 2(E) [_]
5
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 0 (See Item 5)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
11,225,628 (See Item 5)
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 0 (See Item 5)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
11,225,628 (See Item 5)
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
11,225,628 (See Item 5)
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
50.9% (See Item 5)
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
---------------------- -------------------------
CUSIP No. 433245107 13D Page 3 of 15 Pages
--------- - --
---------------------- -------------------------
==============================================================================
1 NAMES OF REPORTING PERSON
Madison Dearborn Partners, L.P.
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
------------------------------------------------------------------------------
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
NUMBER OF 0 (See Item 5)
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
11,225,628 (See Item 5)
OWNED BY
-----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0 (See Item 5)
PERSON -----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
11,225,628 (See Item 5)
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,225,628 (See Item 5)
------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
50.9% (See Item 5)
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
==============================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
------------------------------ --------------------------
CUSIP NO. 433245 10 7 13D Page 4 of 15 Pages
----------------- - --
------------------------------ --------------------------
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1
Madison Dearborn Capital Partners II, L.P.
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
OO
------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(D) or 2(E) [_]
5
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
0 (See Item 5)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 1,000,000 (See Item 5)
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
0 (See Item 5)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,000,000 (See Item 5)
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,000,000 (See Item 5)
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
4.5% (See Item 5)
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
------------------------------ --------------------------
CUSIP NO. 433245 10 7 13D Page 5 of 15 Pages
----------------- - --
------------------------------ --------------------------
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1
Madison Dearborn Partners II, L.P.
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
N/A
------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(D) or 2(E) [_]
5
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
0 (See Item 5)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 1,000,000 (See Item 5)
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
0 (See Item 5)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
1,000,000 (See Item 5)
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,000,000 (See Item 5)
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
4.5% (See Item 5)
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
------------------------------ --------------------------
CUSIP NO. 433245107 13D Page 6 of 15
--------- - --
------------------------------ --------------------------
==============================================================================
1 NAME OF REPORTING PERSON
Madison Dearborn Partners, Inc.
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
------------------------------------------------------------------------------
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
NUMBER OF
0 (See Item 5)
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 12,225,628 (See Item 5)
-----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
0 (See Item 5)
PERSON -----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
12,225,628 (See Item 5)
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,225,628 (See Item 5)
------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
55.4% (See Item 5)
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
==============================================================================
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
------------------------ -------------------------
CUSIP NO.433245107 13D Page 7 of 15 Pages
--------- - --
------------------------ -------------------------
==============================================================================
1 NAME OF REPORTING PERSON
Paul R.Wood
------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(D) or 2(E) [_]
------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0 (See Item 5)
-----------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 12,225,628 (See Item 5)
-----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0 (See Item 5)
-----------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 12,225,628 (See Item 5)
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,225,628 (See Item 5)
------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
55.4% (See Item 5)
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
----------------------- -----------------------
CUSIP No. 433245107 13D Page 8 of 15 Pages
--------- - --
----------------------- -----------------------
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1
Thomas R. Reusche'
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [x]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
N/A
------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(D) or 2(E) [_]
5
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
0 (See Item 5)
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 12,225,628 (See Item 5)
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
0 (See Item 5)
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
12,225,628 (See Item 5)
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
12,225,628 (See Item 5)
------------------------------------------------------------------------------
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
55.4% (See Item 5)
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1. Security and Issuer:
-------------------
This statement relates to shares of common stock, par value $0.01
per share (the "Common Stock"), of Hines Horticulture, Inc. a Delaware
corporation (the "Company"), with its principal executive offices at 12621
Jeffrey Road, Irvine, California 92620.
Item 2. Identity and Background:
-----------------------
(a) This statement is being jointly filed by each of the
following persons pursuant to Rule 13d-(1)(f) promulgated by the Securities
Exchange Commission pursuant to Section 13 of the Securities Exchange Act
of 1934, as amended (the "Act"): (i) Madison Dearborn Capital Partners,
L.P., a Delaware limited partnership ("MDCP, L.P."), by virtue of its
direct beneficial ownership of 11,225,628 shares of Common Stock; (ii)
Madison Dearborn Partners, L.P., a Delaware limited partnership ("MDP,
L.P."), by virtue of its being the general partner of MDCP, L.P.; (iii)
Madison Dearborn Capital Partners II, L.P., a Delaware limited partnership
("MDCP II, L.P."), by virtue of its direct beneficial ownership of
1,000,000 shares of Common Stock; (iv) Madison Dearborn Partners II, L.P.,
a Delaware limited partnership ("MDP II, L.P."), by virtue of its being the
general partner of MDCP II, L.P.; (v) Madison Dearborn Partners, Inc., a
Delaware corporation ("MDP, Inc."), by virtue of its being the general
partner of MDP, L.P. and the general partner of MDP II, L.P.; (vi) Paul R.
Wood, an individual, by virtue of his being a Managing Director of MDP,
Inc. ("Wood"); and (vii) Thomas R. Reusche, an individual, by virtue of his
being a Managing Director of MDP, Inc. ("Reusche"), all of whom are
collectively referred to as the "Reporting Persons." The Reporting Persons
have entered into a Joint Filing Agreement, dated as of October 14, 1998, a
copy of which is filed with this statement as Exhibit A (which is hereby
---------
incorporated by reference), pursuant to which the Reporting Persons have
agreed to file this amendment jointly in accordance with the provisions of
Rule 13d-1 (f)(1) under the Act.
Certain information required by this Item 2 concerning the executive
officers and the directors of MDP, Inc., is set forth on Schedule A
----------
attached hereto, which is incorporated herein by reference.
The Reporting persons may be deemed to constitute a "group" for
purposes of Section 13(d)(3) of the Act. The Reporting Persons expressly
disclaim that they have agreed to act as a group other than as described in
this Statement.
(b) The address of the principal business and principal office
of the Reporting Persons and the persons named on Schedule A is c/o Madison
Dearborn Partners, Inc., Three Bank One Plaza, Suite 3800, Chicago, IL
60602.
(c) The Reporting Persons and the persons named on Schedule A
----------
are engaged in the private equity investment business.
(d) During the last five years, none of the Reporting Persons
nor, to the best knowledge of such persons, any of the persons named in
Schedule A to this statement, has been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors).
(e) During the last five years, none of the Reporting Persons
nor, to the best knowledge of such persons, any of the persons named in
Schedule A to this statement,
Page 9 of 15 Pages
<PAGE>
was a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which any person was or is subject to
a judgement, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws.
(f) The Reporting Persons believe that all persons named in
Schedule A to this statement are citizens of the United States.
Item 3. Sources and Amount of Funds or Other Consideration:
--------------------------------------------------
This Amendment relates to the acquisition by MDCP, L.P. of a warrant
to purchase 440,000 shares of Common Stock. The warrant was issued in
exchange for the guarantee by MDCP, L.P. of the Company's obligations under
a new revolver under the Company's senior credit facility, as described
under Item 4 below.
Item 4. Purpose of Transaction:
----------------------
On November 28, 2000, the Company's wholly owned subsidiary, Hines
Nurseries, Inc., amended the terms of its senior credit facility to provide
for an additional $30 million in revolving loan commitments. These
borrowings were guaranteed by MDCP, L.P. In exchange for this guaranty,
MDCP, L.P. received warrants to purchase 440,000 shares of the Company's
Common Stock. The warrants are exercisable at any time prior to December
31, 2005 at an exercise price of $3.50 per share. If MDCP, L.P. is required
to make any payments under the guaranty, MDCP, L.P. will be entitled to
receive additional warrants to purchase a number of shares of the Company's
Common Stock equal to the amount of such payment divided by the then
current market price of the Common Stock. These additional warrants would
be exercisable any time prior to December 31, 2005 at an exercise price
equal to the market price of the Common Stock on the date of issuance of
the additional warrants. The Reporting Persons are filing this amended
Schedule 13D to reflect the increase in he number of shares of Common Stock
indirectly beneficially owned by MDP, Inc. from 53.4% to 55.4% of the
outstanding Common Stock.
Depending on market conditions and other factors, including evaluation
of the Company's business and prospects, ability to dispose of the shares
to a third party, ability to dispose of shares in the market, availability
of funds, alternative uses of funds and general economic conditions, MDCP,
L.P. (as well as MDCP II, L.P.) may from time to time purchase additional
securities of the Company or dispose of all or a portion of its investment
in the Company and the Company may engage in activities of the type
described below. The transaction reported in this amended Schedule 13D was
not in furtherance of any plan or proposal which relates to or would result
in any transaction described below.
Other than as described above or as specifically described below, none
of the Reporting Persons nor, to the best knowledge of such persons, any of
the persons named on Schedule A to this statement, has any present plans or
----------
proposals which relate to or would result in any of the events enumerated
below.
(a) The acquisition by any person of additional securities of the
Company, or the disposition of securities of the Company.
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Company or any of
its subsidiaries.
Pages 10 of 15 Pages
<PAGE>
(c) A sale or transfer of a material amount of assets of the Company
or of any of its subsidiaries.
(d) Any change in the present board of directors or management of the
Company, including any plans or proposals to change the number or
term of directors or to fill any existing vacancies on the board.
The Company's board of directors currently consists of six
persons. One vacancy exists on the Company's board of directors
due to the recent resignation of one of its directors. It is the
Reporting Persons' understanding that the board of directors will
fill this vacancy by a majority vote of the board of directors
with a nominee who meets The Nasdaq National Market's ("Nasdaq")
requirements for independent directors (as defined in Nasdaq's
Marketplace Rules). The Reporting Persons are also aware that
Nasaq's Marketplace Rules require that the Company appoint a
third independent director no later than June 14, 2001.
(e) Any material change in the present capitalization or dividend
policy of the Company.
(f) Any other material change in the Company's business or corporate
structure, including but not limited to, if the Company is a
registered closed-end investment company, any plans or proposals
to make any changes in its investment policy for which a vote is
required by Section 13 of the Investment Company Act of 1940.
(g) Changes to the Company's charter, bylaws or instruments
corresponding thereto or other actions which may further impede
the acquisition of control of the Company by any person.
(h) Causing a class of securities of the issuer to be delisted from a
national securities exchange or to cease to be authorized to be
quoted in an interdealer quotation system of a registered
national securities association.
(i) A class of equity securities of the Company becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the
Securities Act of 1933, as amended.
(j) Any action similar to any of those enumerated above.
Item 5. Interest In Securities of the Issuer:
------------------------------------
(a)-(b) As of November 28, 2000, MDCP, L.P. has the shared power to vote or
to direct the vote and shared power to dispose or to direct the disposition
of 11,225,628 shares of Common Stock, constituting approximately 50.9% of
the outstanding Common Stock of the Company MDP, L.P., as the general
partner of MDCP, L.P., and MDP, Inc., as the general partner of MDP, L.P.,
may be deemed to have the shared power to vote and dispose of the
11,225,628 shares of Common Stock held by MDCP, L.P.
In addition, as of November 28, 2000, MDCP II, L.P. has the shared
power to vote or to direct the vote and shared power to dispose or to direct the
disposition of 1,000,000 shares of Common Stock, constituting 4.5% of the
outstanding Common Stock of the Company. MDP II, L.P., as the general partner of
MDCP, L.P., and MDP, Inc., as the
Page 11 of 15 Pages
<PAGE>
general partner of MDP, L.P., may be deemed to have the shared power to
vote and dispose of the 1,000,000 shares of Common Stock held by MDCP II,
L.P.
MDP, Inc. therefore has the shared power to vote or to direct the
vote and shared power to dispose or to direct the disposition of a total
of 12,225,628 shares of Common Stock, constituting 55.4% of the outstanding
Common Stock of the Company. As Managing Directors of MDP, Inc. and
directors of the Company, Wood and Reusche may be deemed, in such capacity,
to share the power to vote and to dispose of the shares of Common Stock
held by MDCP, L.P. and MDCP II, L.P.
Pursuant to Rule 13d-5(b)(1) under the Exchange Act, each of the
Reporting Persons may be deemed as members of a "group" to have beneficial
ownership of 12,225,628 shares of Common Stock, the aggregate number of
shares of Common Stock held by MDCP, L.P. and MDCP II, L.P., representing
approximately 55.4% of the outstanding Common Stock. The Reporting Persons
expressly disclaim that they have agreed to act as a group other than as
described in this Statement.
The filing of this Schedule 13D by MDP, Inc., MDP, L.P., MDCP, L.P.,
MDP II, L.P., MDCP II, L.P., Wood and Reusche shall not be considered an
admission that such Reporting Persons, for the purpose of Section 13(d) of
the Exchange Act, are the beneficial owners of any shares in which such
Reporting Persons do not have a pecuniary interest.
All of the percentage calculated in this Schedule 13D are based upon
an aggregate of 22,072,549 shares of Common Stock outstanding as of October
31, 2000, as disclosed in the Company's Quarterly Report on Form 10-Q for
the quarter ending September 30, 2000.
(c) See reponses to Item 3 and 4 of this Statement.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
---------------------------------------------------------------------
to Securities of the Issuer:
---------------------------
None.
Item 7. Material to be Filed As Exhibits:
--------------------------------
Exhibit A -- Agreement Re Joint Filing of Schedule 13D.
Page 12 of 15 Pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this amendment is true,
complete and correct.
Date: January 18, 2001
MADISON DEARBORN CAPITAL
PARTNERS, L.P.
By: Madison Dearborn Partners, L.P.
Its: General Partner
By: Madison Dearborn Partners, Inc.
Its: General Partner
By: /s/ Paul R. Wood
---------------------------------
Paul R. Wood, Managing Director
MADISON DEARBORN CAPITAL
PARTNERS II, L.P.
By: Madison Dearborn Partners II, L.P.
Its: General Partner
By: Madison Dearborn Partners, Inc.
Its: General Partner
By: /s/ Paul R. Wood
---------------------------------
Paul R. Wood, Managing Director
MADISON DEARBORN PARTNERS, L.P.
By: Madison Dearborn Partners, Inc.
Its: General Partner
By: /s/ Paul R. Wood
---------------------------------
Paul R. Wood, Managing Director
Page 13 of 15 Pages
<PAGE>
MADISON DEARBORN PARTNERS II,
L.P.
By: Madison Dearborn, Inc.
Its: General Partner
Paul R. Wood
By: --------------------------------
/s/ Paul R. Wood, Managing Director
MADISON DEARBORN PARTNERS,
INC.
Paul R. Wood
By: --------------------------------
/s/ Paul R. Wood, Managing Director
Paul R. Wood
--------------------------------
/s/ Paul R. Wood
Thomas R.Reusche
--------------------------------
/s/ Thomas R.Reusche
Page 14 of 15 Pages
<PAGE>
Schedule A
----------
The following individuals are executive officers of Madison Dearborn Partners,
Inc., the general partner of Madison Dearborn Partners, L.P. and Madison
Dearborn Partners II, L.P., which are the general partners of Madison Dearborn
Capital Partners, L.P. and Madison Dearborn Capital Partners II, L.P.,
respectively; Paul R. Wood, Thomas R. Reusche, David F. Mosher, Gary J. Little,
John Canning, Jr., Paul Finnegan, Samuel Mencoff, William J. Hunckler III, James
Perry, Jr., Justin Huscher, Benjamin Chereskin, Timothy Sullivan, Nicholas
Alexos, Mary E. Secrist, Michael J. Wilson, Katherine M. Kloss, Mary E. Jordan
and Thomas E. McDonough. John Canning, Jr. is also the sole director of MDP,
Inc.
Page 15 of 15 Pages
