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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 6 )*
----------
Gaylord Entertainment Company
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $ .01 par value
--------------------------------------------------------------------------------
(Title of Class of Securities)
367905106
--------------------------------------------------------------------------------
(CUSIP Number)
Michael B. Richman - Reed Smith LLP
1301 K Street, N.W., Suite 1100, East Tower
Washington, DC 20005 - Telephone: (202) 414-9200
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 17, 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 that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g),
check the following box. [ ]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 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.
1 of 9
<PAGE> 2
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).
CUSIP No. 367905106
--------------
--------------------------------------------------------------------------------
1. Names of Reporting Persons. I.R.S. Identification Nos. of above
persons (entities only).
The Oklahoma Publishing Company Voting Trust
-------------------------------------------------------------------
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
------------------------------------------------------------------
(b) X
------------------------------------------------------------------
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------
--------------------------------------------------------------------------------
4. Source of Funds (See Instructions) 00
----------------------------------
--------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e)
---------------------------------------------------
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization Organized under Delaware Law
--------------------------------
--------------------------------------------------------------------------------
Number of 7. Sole Voting Power 0
Shares ----------------------------------------------
Beneficially ------------------------------------------------------------------
Owned by
Each 8. Shared Voting Power 2,103,766
Reporting --------------------------------------------
Person ------------------------------------------------------------------
With
9. Sole Dispositive Power 0
-----------------------------------------
------------------------------------------------------------------
10. Shared Dispositive Power 2,103,766
---------------------------------------
--------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
2,103,766
---------------------
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
---
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 6.29%
------------------
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
00
--------------------------------------------------------------------
--------------------------------------------------------------------------------
2 of 9
<PAGE> 3
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).
CUSIP No. 367905106
--------------
--------------------------------------------------------------------------------
1. Names of Reporting Persons. I.R.S. Identification Nos. of above
persons (entities only).
Edward L. Gaylord
-------------------------------------------------------------------
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
------------------------------------------------------------------
(b) X
------------------------------------------------------------------
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------
--------------------------------------------------------------------------------
4. Source of Funds (See Instructions) 00
----------------------------------
--------------------------------------------------------------------------------
5. Check 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 6,438,705
Shares ----------------------------------------------
Beneficially ------------------------------------------------------------------
Owned by
Each 8. Shared Voting Power 2,265,724
Reporting --------------------------------------------
Person ------------------------------------------------------------------
With
9. Sole Dispositive Power 6,438,705
-----------------------------------------
------------------------------------------------------------------
10. Shared Dispositive Power 2,265,724
---------------------------------------
--------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
8,704,429
---------------------
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) X
-----------
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 25.88%
------------------
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
IN
--------------------------------------------------------------------
--------------------------------------------------------------------------------
2 of 9
<PAGE> 4
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).
CUSIP No. 367905106
--------------
--------------------------------------------------------------------------------
1. Names of Reporting Persons. I.R.S. Identification Nos. of above
persons (entities only).
Edith Gaylord Harper
-------------------------------------------------------------------
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
------------------------------------------------------------------
(b) X
------------------------------------------------------------------
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------
--------------------------------------------------------------------------------
4. Source of Funds (See Instructions) 00
----------------------------------
--------------------------------------------------------------------------------
5. Check 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 2,133,371
Shares ----------------------------------------------
Beneficially ------------------------------------------------------------------
Owned by
Each 8. Shared Voting Power 0
Reporting --------------------------------------------
Person ------------------------------------------------------------------
With
9. Sole Dispositive Power 0
-----------------------------------------
------------------------------------------------------------------
10. Shared Dispositive Power 2,133,371
---------------------------------------
--------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
2,133,371
-------------------
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) X
---------
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 6.38%
------------------
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
IN
--------------------------------------------------------------------
--------------------------------------------------------------------------------
2 of 9
<PAGE> 5
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).
CUSIP No. 367905106
--------------
--------------------------------------------------------------------------------
1. Names of Reporting Persons. I.R.S. Identification Nos. of above
persons (entities only).
Edward K. Gaylord II
-------------------------------------------------------------------
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
------------------------------------------------------------------
(b) X
------------------------------------------------------------------
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------
--------------------------------------------------------------------------------
4. Source of Funds (See Instructions) 00
----------------------------------
--------------------------------------------------------------------------------
5. Check 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 494,210
Shares ----------------------------------------------
Beneficially ------------------------------------------------------------------
Owned by
Each 8. Shared Voting Power 2,232,391
Reporting --------------------------------------------
Person ------------------------------------------------------------------
With
9. Sole Dispositive Power 494,210
-----------------------------------------
------------------------------------------------------------------
10. Shared Dispositive Power 2,232,391
---------------------------------------
--------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
2,726,601
---------------------
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) X
-------------
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 8.13%
------------------
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
IN
--------------------------------------------------------------------
--------------------------------------------------------------------------------
2 of 9
<PAGE> 6
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).
CUSIP No. 367905106
--------------
--------------------------------------------------------------------------------
1. Names of Reporting Persons. I.R.S. Identification Nos. of above
persons (entities only).
The Oklahoma Publishing Company
-------------------------------------------------------------------
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
------------------------------------------------------------------
(b) X
------------------------------------------------------------------
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------
--------------------------------------------------------------------------------
4. Source of Funds (See Instructions) WC
----------------------------------
--------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e)
---------------------------------------------------
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization Delaware
--------------------------------
--------------------------------------------------------------------------------
Number of 7. Sole Voting Power 270,400
Shares ----------------------------------------------
Beneficially ------------------------------------------------------------------
Owned by
Each 8. Shared Voting Power 1,833,366
Reporting --------------------------------------------
Person ------------------------------------------------------------------
With
9. Sole Dispositive Power 270,400
-----------------------------------------
------------------------------------------------------------------
10. Shared Dispositive Power 1,833,366
---------------------------------------
--------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
2,103,766
---------------------
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
---
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 6.29%
------------------
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
CO
--------------------------------------------------------------------
--------------------------------------------------------------------------------
2 of 9
<PAGE> 7
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).
CUSIP No. 367905106
--------------
--------------------------------------------------------------------------------
1. Names of Reporting Persons. I.R.S. Identification Nos. of above
persons (entities only).
GFI Company
-------------------------------------------------------------------
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
------------------------------------------------------------------
(b) X
------------------------------------------------------------------
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------
--------------------------------------------------------------------------------
4. Source of Funds (See Instructions) WC
----------------------------------
--------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e)
---------------------------------------------------
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization Nevada
--------------------------------
--------------------------------------------------------------------------------
Number of 7. Sole Voting Power 1,833,366
Shares ----------------------------------------------
Beneficially ------------------------------------------------------------------
Owned by
Each 8. Shared Voting Power 0
Reporting --------------------------------------------
Person ------------------------------------------------------------------
With
9. Sole Dispositive Power 1,833,366
-----------------------------------------
------------------------------------------------------------------
10. Shared Dispositive Power 0
---------------------------------------
--------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,833,366
---------------------
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
---
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 5.48%
------------------
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
CO
--------------------------------------------------------------------
--------------------------------------------------------------------------------
2 of 9
<PAGE> 8
This Amendment No. 6, amending the Schedule 13D dated October 10, 1997,
respecting the common stock, $.01 par value ("Common Stock"), of Gaylord
Entertainment Company (the "Issuer"), is being filed jointly by The Oklahoma
Publishing Company Voting Trust (the "Voting Trust"), The Oklahoma Publishing
Company ("OPUBCO"), GFI Company ("GFI"), Edward L. Gaylord ("E.L. Gaylord"),
Edith Gaylord Harper and Edward K. Gaylord II ("E.K. Gaylord") (hereinafter
collectively referred to as the "Reporting Persons" and, excluding the Voting
Trust, OPUBCO and GFI, as the "Individual Reporting Persons"). This Schedule 13D
was previously amended by Amendment No. 1 filed on August 24, 1998, Amendment
No. 2 filed on October 2, 1998, Amendment No. 3 filed on July 1, 1999, Amendment
No. 4 filed on August 16, 1999, and Amendment No. 5 filed on October 20, 2000.
ITEM 3. PURPOSE OF TRANSACTION
Item 3 is hereby amended and supplemented as follows:
As described in Item 5, the shares of Common Stock held by the Voting
Trust have been released. The purpose of this release is to return the shares to
the persons who deposited them in the Voting Trust, as agreed to by the holders
of trust certificates and the Voting Trustees in an amendment extending the term
of the Voting Trust (which continues to hold deposited shares of OPUBCO).
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby amended and supplemented as follows:
The following information is as of the close of business on December 4,
2000, based on the number of shares of Common Stock of the Issuer outstanding on
October 31, 2000, according to the Issuer's Form 10-Q for the period ended
September 30, 2000:
On November 17, 2000, the Federal Communications Commission issued a
public notice approving applications for the pro forma transfer of control of
the Issuer from the Voting Trust to certain holders of trust certificates,
effective November 14, 2000. As a result, the condition for the release of the
shares of Common Stock from the Voting Trust to the trust certificate holders
who deposited those shares was satisfied. On December 4, 2000, the shares were
released and re-issued by the Issuer's transfer agent to the trust certificate
holders. Consequently, the Voting Trust has ceased to have any power to vote or
direct the vote of, or to dispose or direct the disposition of, the 12,539,974
shares of Common Stock that had previously been deposited in the Voting Trust.
Following the release of the deposited shares, the Voting Trust may be
deemed to be the indirect beneficial owner of
PAGE 8 OF 20
<PAGE> 9
2,103,766 shares of Common Stock, constituting 6.29% of the Issuer's total
shares outstanding. This figure includes 270,400 shares that are held by OPUBCO,
a corporation that is controlled by the Voting Trust, and 1,833,366 shares that
are held by GFI, a corporation wholly owned by OPUBCO. The Voting Trust may be
deemed to share power over the voting and disposition of these shares by reason
of its control of OPUBCO. The Voting Trust disclaims beneficial ownership of the
shares held by OPUBCO and GFI.
E.L. Gaylord has the power to vote or direct the vote of, or to dispose
or direct the disposition of, 8,704,429 shares of Common Stock, constituting
25.88% of the outstanding shares. Of this aggregate number, E.L. Gaylord has
sole power to vote or direct the vote of, and sole power to dispose or direct
the disposition of, 6,438,705 shares, and shared power to vote or direct the
vote of, and shared power to dispose or direct the disposition of, 2,265,724
shares. This figure does not include shares owned by E.L. Gaylord's children
Christine Gaylord Everest, E.K. Gaylord, and Louise Gaylord Bennett, and his
sister Edith Gaylord Harper, as to which E.L. Gaylord disclaims beneficial
ownership. It does include 4,666,558 shares held by E.L. Gaylord as Trustee for
the Edward L. Gaylord Revocable Trust; 352,586 shares held by E.L. Gaylord as
Trustee for the Thelma F. Gaylord Irrevocable Trust; 828,646 shares held by E.L.
Gaylord as Trustee for the Mary I. Gaylord Revocable Living Trust; 128,625
shares held by The Oklahoman Foundation, a charitable trust of which E.L.
Gaylord is a co-Trustee with Christine Gaylord Everest and E.K. Gaylord; 262,395
shares held by Gayno, Inc., a corporation controlled by E.L. Gaylord; 143,583
shares held by E.L. Gaylord as Trustee of the E.L. and Thelma Gaylord
Foundation, a charitable trust; 33,333 shares held by The Mary Gaylord
Foundation, a charitable foundation of which E.L. Gaylord is a co-Trustee with
his daughter Mary I. Gaylord; and 184,937 shares subject to unexercised options
for Common Stock. It also includes 270,400 shares of Common Stock held by
OPUBCO, a corporation of which E.L. Gaylord is Chairman with power shared with
E.K. Gaylord to vote and dispose of the shares as portfolio securities of
OPUBCO, and 1,833,366 shares held by GFI, a corporation of which E.L. Gaylord is
a director with power shared with E.K. Gaylord to vote and dispose of the shares
as portfolio securities of GFI. E.L. Gaylord disclaims beneficial ownership of
the shares held by OPUBCO and GFI.
Edith Gaylord Harper has the sole power to vote or direct the vote of,
and the shared power to dispose or direct the disposition of, 2,133,371 shares
of Common Stock, constituting 6.38% of the outstanding shares. These shares are
held by the Edith Gaylord Harper 1995 Revocable Trust. Mrs. Harper is a
co-Trustee of that trust with William J. Ross and David O. Hogan, and is
responsible for the voting of the shares of Common Stock held by the trust. This
figure does not include, and Mrs. Harper disclaims beneficial ownership of, the
shares held by Mrs. Harper's brother, E.L. Gaylord, and by OPBUCO and GFI,
corporations controlled by the
PAGE 9 OF 20
<PAGE> 10
Voting Trust (of which Mrs. Harper is one of the five Voting Trustees).
E.K. Gaylord has the power to vote or direct the vote of, or to dispose
or direct the disposition of, 2,726,601 shares of Common Stock, constituting
8.13% of the outstanding shares. Of this aggregate number, E.K. Gaylord has sole
power to vote or direct the vote of, and sole power to dispose or direct the
disposition of, 494,210 shares, and shared power to vote or direct the vote of,
and shared power to dispose or direct the disposition of, 2,232,391 shares. This
figure does not include shares owned by E.K. Gaylord's father, E.L. Gaylord, or
his siblings Christine Gaylord Everest and Louise Gaylord Bennett, as to which
E.K. Gaylord disclaims beneficial ownership. It does include 402,500 shares held
by E.K. Gaylord directly; 128,625 shares held by The Oklahoman Foundation, a
charitable trust of which E.K. Gaylord is a co-Trustee with Christine Gaylord
Everest and E.L. Gaylord; 84,210 shares subject to unexercised options for
Common Stock; and 7,500 shares of restricted stock. It also includes 270,400
shares held by OPUBCO, a corporation of which E.K. Gaylord is President with
power shared with E.L. Gaylord to vote and dispose of the shares as portfolio
securities of OPUBCO, and 1,833,366 shares held by GFI, a corporation of which
E.K. Gaylord is President with shared shared with E.L. Gaylord to vote and
dispose of the shares as portfolio securities of GFI. E.K. Gaylord disclaims
beneficial ownership of the shares held by OPUBCO and GFI.
OPUBCO has the power to vote or direct the vote of, or to dispose or
direct the disposition of, 2,103,766 shares of Common Stock, constituting 6.29%
of the outstanding shares. Of this aggregate number, OPUBCO has the sole power
to vote or direct the vote of, and sole power to dispose or direct the
disposition of, 270,400 shares, and shared power to vote or direct the vote of,
and shared power to dispose or direct the disposition of, 1,833,366 shares. This
includes 270,400 shares held by OPUBCO directly, as well as 1,833,366 shares
held by GFI, a corporation wholly owned by OPUBCO, as to which OPUBCO disclaims
beneficial ownership.
GFI has the sole power to vote or direct the vote of, or to dispose or
direct the disposition of, 1,833,366 shares of Common Stock, constituting 5.48%
of the outstanding shares. These shares are held directly by GFI.
Except as set forth above (including Amendment No. 5), none of the
Reporting Persons or, to the best of their knowledge, the additional persons
listed in Item 2 has engaged in any transactions in the Common Stock of the
Issuer during the past sixty days.
Except as set forth above, there are no other persons with the right to
receive or the power to direct the receipt of dividends from, or the proceeds
from the sale of, the securities described herein.
PAGE 10 OF 20
<PAGE> 11
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
The Voting Trust Agreement amendment filed as Exhibit 2-A to Amendment
No. 5 hereto has been executed by additional trust certificate holders. Exhibit
2-B hereto reflects those additional signatures, and the terms and provisions
thereof are incorporated herein by reference.
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS.
The following is filed as an additional exhibit:
Exhibit 2-B: Extension and Amendment No. 2 to Voting Trust Agreement,
dated as of October 2, 2000
PAGE 11 OF 20
<PAGE> 12
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.
<TABLE>
<S> <C>
Date: December 4, 2000 THE OKLAHOMA PUBLISHING COMPANY
VOTING TRUST
Edward L. Gaylord,
Voting Trustee
EDWARD L. GAYLORD
EDITH GAYLORD HARPER
By: /s/ Frederic T. Spindel
----------------------------
Frederic T. Spindel,
Authorized Representative
of The Oklahoma Publishing
Company Voting Trust,
Edward L. Gaylord, and
Edith Gaylord Harper
EDWARD K. GAYLORD II
By: /s/ Edward K. Gaylord II
----------------------------
Edward K. Gaylord II
THE OKLAHOMA PUBLISHING COMPANY
By: /s/ Edward K. Gaylord II
----------------------------
Edward K. Gaylord II
President
GFI COMPANY
By: /s/ Edward K. Gaylord II
----------------------------
Edward K. Gaylord II
President
</TABLE>
PAGE 12 OF 20
<PAGE> 13
EXHIBIT 2-B
EXTENSION AND AMENDMENT NO. 2
TO
VOTING TRUST AGREEMENT
THIS EXTENSION AND AMENDMENT NO. 2 TO VOTING TRUST AGREEMENT
("Extension Agreement"), made and entered into as of the 2nd day of October,
2000, by and among Edward L. Gaylord, Edith Gaylord Harper, Christine Gaylord
Everest, E. K. Gaylord II and Martin C. Dickinson (collectively "Voting
Trustees") and certain voting trust certificate holders whose names are
subscribed hereto (collectively "Certificate Holders") of a Voting Trust created
under that certain Agreement dated October 3, 1990, as amended by Amendment No.
1 dated October 23, 1991 (the "Voting Trust Agreement").
WHEREAS, pursuant to Section 218 of the Delaware General Corporation
Law, the Certificate Holders and the Voting Trustees entered into the Voting
Trust Agreement to authorize the Voting Trustees to act thereunder with respect
to the voting of, and other matters respecting the shares of common stock of The
Oklahoma Publishing Company ("OPUBCO") and thereafter of Gaylord Entertainment
Company ("GET"); and
WHEREAS, in order to perpetuate the continuity and stability of policies
and management of OPUBCO, the parties hereto deem it necessary and, in their
best interests and in the best interests of OPUBCO, that the Voting Trust be
extended for an additional period; and
WHEREAS, an extension of the term of the Voting Trust Agreement requires
the consent of the Voting Trustees pursuant to Section 20 of the Voting Trust
Agreement; and
WHEREAS, the parties desire that the shares of GET common stock be
released to Certificate Holders; and
<PAGE> 14
NOW, THEREFORE, in consideration of the premises and the mutual
covenants herein contained, and other good and valuable consideration, the
several parties hereto mutually convenant and agree as follows:
1. Extension of Term. Pursuant to Section 20 of the Voting Trust
Agreement, the term of the Voting Trust Agreement is hereby extended for an
additional period of ten (10) years to and including October 2, 2010.
2. Consent of Voting Trustees. The Voting Trustees consent to the
extension of the Voting Trust and agree to act as Voting Trustees during the
term of extension of the Voting Trust Agreement.
3. Release of GET Common Stock. Notwithstanding any provision in
the Voting Trust Agreement to the contrary, the Voting Trust Agreement is hereby
amended to add the following Section 35 thereto:
"Notwithstanding anything herein to the contrary, within 30 days
following the extension of this Agreement, the Voting Trustees
shall implement such action as deemed necessary to release all
shares of common stock of Gaylord Entertainment Company to the
holders of trust certificates representing such shares."
4. Post-Effective Execution. Subject in each case to the consent of
at least 60% of the Voting Trustees, any Certificate Holder who does not enter
into this Extension Agreement by the date and year first above written, or any
other shareholder of OPUBCO who desires to deposit his shares and become a trust
certificate holder of the Voting Trust, may do so by subscribing to an addendum
to this Extension Agreement and thereby agree to be hereby bound as if such
Certificate Holder or shareholder had executed this Extension Agreement on the
date and year first written above.
-2-
<PAGE> 15
5. All Other Provisions to Remain in Effect. Other than as set
forth in this Extension Agreement with respect to the extension of the term of
the Voting Trust Agreement as set forth in Section 1 hereof, and with respect to
the release of shares of GET common stock as set forth in Section 3 hereof, all
provisions of the Voting Trust Agreement shall remain in full force and effect
and be binding upon, enforceable against, and inure to the benefit of the
persons subscribing hereto, and their respective heirs, executors,
administrators, devisees, trustees and assigns.
6. Governing Law. This Extension Agreement shall be governed,
construed and enforced in accordance with the laws of the State of Delaware.
7. Counterparts. This Extension Agreement may be executed in any
number of counterparts, each of which shall be deemed an original.
IN WITNESS HEREOF, the undersigned Certificate Holders and the Voting
Trustees have executed this Extension Agreement as of the day and year first
written above.
-3-
<PAGE> 16
VOTING TRUSTEES
TRUSTEE
-------
/s/ Edward L. Gaylord
------------------------------------
Edward L. Gaylord
/s/ Edith Gaylord Harper
------------------------------------
Edith Gaylord Harper
/s/ Christine Gaylord Everest
------------------------------------
Christine Gaylord Everest
/s/ Edward K. Gaylord II
------------------------------------
Edward K. Gaylord II
/s/ Martin C. Dickinson
------------------------------------
Martin C. Dickinson
CERTIFICATE HOLDERS
OF THE COMPANIES
Certificate Holder
------------------
/s/ Louise Gaylord Bennett
------------------------------------
Louise Gaylord Bennett
/s/ Martin C. Dickinson
------------------------------------
Martin C. Dickinson, Trustee
Martin C. Dickinson
Revocable Trust
/s/ Carol D. Dickinson
------------------------------------
Carol D. Dickinson, Trustee
Carol D. Dickinson Revocable
Trust
/s/ Martin C. Dickinson
------------------------------------
Donald C. Dickinson & Elizabeth
M. Dickinson Foundation
-4-
<PAGE> 17
/s/ Martin C. Dickinson
------------------------------------
Martin C. Dickinson & Elizabeth
D. Smoyer, Trustees,
Elizabeth M. Dickinson Trust
/s/ Rebecca E.. Dickinson
------------------------------------
Rebecca E. Dickinson
/s/ Kristopher A. Dickinson
------------------------------------
Kristopher A. Dickinson
/s/ Martin C. Dickinson
------------------------------------
Kristopher A. Dickinson Generation
Skipping Trust U/Elizabeth
M. Dickinson Trust DTD 1-
31-79 Martin C. Dickinson &
Elizabeth D. Smoyer, Co-
Trustees
/s/ Christine Gaylord Everest
------------------------------------
Christine Gaylord Everest
/s/ James H. Everest, President
------------------------------------
The Jean I. Everest Foundation
/s/ Mary Christine Everest
------------------------------------
Mary Christine Everest
/s/ Tricia Louise Everest
------------------------------------
Tricia Louise Everest
/s/ James H. Everest
------------------------------------
James H. Everest
/s/ Leon J. Fairbanks
------------------------------------
Leon J. Fairbanks
/s/ Edward L. Gaylord
------------------------------------
Edward L. Gaylord, Trustee
Edward L. Gaylord Revocable
Trust Dated 12/27/89
/s/ Edward L. Gaylord
------------------------------------
Thelma F. Gaylord Irrevocable
Trust Dated 12/28/89, Edward
L. Gaylord, Trustee
-5-
<PAGE> 18
/s/ Edward L. Gaylord
------------------------------------
Edward L. Gaylord, Trustee Mary
I. Gaylord Revocable Living
Trust of 1985
/s/ Edward King Gaylord II
------------------------------------
Edward King Gaylord II
/s/ Edith Gaylord Harper
------------------------------------
Edith Gaylord Harper, William J.
Ross & David O. Hogan,
Trustees of the Edith Gaylord
Harper 1995 Revocable Trust
/s/ John R. Henkel
------------------------------------
Linden Root Dickinson
Foundation, John R. Henkel,
Trustee
/s/ Janet L. Rollins
------------------------------------
Janet L. Rollins, Trustee Janet L.
Rollins 1986 Trust U/T/D
8/13/86
/s/ John R. Henkel
------------------------------------
Sanders Charitable Remainder
Unitrust, John R. Henkel,
Trustee
/s/ Joan L. Sanders
------------------------------------
Joan L. Sanders
/s/ Derek A. Sanders
------------------------------------
Derek Alan Sanders
/s/ Derek A. Sanders & Valerie Sanders
--------------------------------------
Derek A. Sanders & Valerie
Sanders, trustees, Revocable
Trust dated May 24, 1990, as
amended as Valerie W.
Sanders separate property
-6-
<PAGE> 19
/s/ Derek A. Sanders & Valerie Sanders
--------------------------------------
Derek A. & Valerie Sanders,
trustees, Revocable Trust
Dated May 24, 1990, as
amended as Derek A. Sanders
separate property
/s/ Kevin Reed Sanders
------------------------------------
Kevin Reed Sanders
/s/ Derek A. Sanders
------------------------------------
Derek A. Sanders, custodian for
Allison N. Sanders under
California UGMA
/s/ Derek A. Sanders
------------------------------------
Derek A. Sanders, custodian for
Matthew C. Sanders under
California UGMA
/s/ Robert W. Sanders
------------------------------------
Robert W. Sanders
/s/ Walter J. Smoyer & Elizabeth D. Smoyer
------------------------------------------
Walter J. Smoyer & Elizabeth D.
Smoyer, Trustees of The
Walter & Elizabeth Smoyer
Family Trust DTD 10/3/96
/s/ Donald J. Smoyer
------------------------------------
Donald J. Smoyer
/s/ Elizabeth D. Smoyer
------------------------------------
Donald James Smoyer Generation
Skipping Trust U/Elizabeth
M. Dickinson Trust DTD 1-
31-79, Martin C. Dickinson &
Elizabeth D. Smoyer, Co-Trustees
-----------------------------
Richard E. Smoyer
-7-
<PAGE> 20
/s/ Elizabeth D. Smoyer
------------------------------------
Richard Eugene Smoyer
Generation Skipping Trust
U/Elizabeth M. Dickinson
Trust DTD 1-31-79, Martin C.
Dickinson & Elizabeth D.
Smoyer, Co-Trustees
/s/ Walter Paul Smoyer
------------------------------------
Walter Paul Smoyer
/s/ Elizabeth D. Smoyer
------------------------------------
Walter Paul Smoyer Generation
Skipping Trust U/Elizabeth
M. Dickinson Trust DTD 1-
31-79, Martin C. Dickinson &
Elizabeth D. Smoyer, Co-Trustees
/s/ Martin C. Dickinson
------------------------------------
Rebecca Dickinson Welch
Generation Skipping Trust
U/Elizabeth M. Dickinson
Trust DTD 1-31-79, Martin C.
Dickinson & Elizabeth D.
Smoyer, Co-Trustees
-8-
