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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )
--------------
HANOVER COMPRESSOR COMPANY
- -------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, $.001 PAR VALUE
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(Title of Class of Securities)
410768 10 5
---------------------------
(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
disclosure 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 page(s))
Page 1 of 9 Pages
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<TABLE>
<CAPTION>
- --------------------- -----------------
CUSIP NO. 410768 10 5 13G Page 2 of 9 Pages
- --------------------- -----------------
<S> <C> <C>
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GKH Investments, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
See Exhibit A, as attached.
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3
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
11,130,502
NUMBER
-----------------------------------------------------------
OF SHARES 6 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH
11,130,502
REPORTING
-----------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 0
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,130,502
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9).
39.0%
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12 TYPE OF REPORTING PERSON
PN
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</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
- --------------------- -----------------
CUSIP NO. 410768 10 5 13G Page 3 of 9 Pages
- --------------------- -----------------
<S> <C> <C>
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GKH Partners, L.P.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
See Exhibit A, as attached.
----------
- -------------------------------------------------------------------------------
3
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
420,496
NUMBER
-----------------------------------------------------------
OF SHARES 6 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH
420,496
REPORTING
-----------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 0
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
420,496
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9).
1.5%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
- -------------------------------------------------------------------------------
</TABLE>
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Item 1(a) Name of Issuer
--------------
Hanover Compressor Company
Item 1(b) Address of Issuer's Principal Executive Offices
-----------------------------------------------
12001 North Houston Rosslyn
Houston, Texas 77086
Item 2(a) Name of Person Filing
---------------------
1. GKH Investments, L.P.
2. GKH Partners, L.P.
Item 2(b) Address of Principal Business Office
------------------------------------
1. GKH Investments, L.P.
c/o Melvyn N. Klein
Mercantile Tower
MT 209
615 North Upper Broadway, Suite 1940
Corpus Christi, Texas 78477
2. GKH Partners, L.P.
c/o Melvyn N. Klein
Mercantile Tower
MT 209
615 North Upper Broadway, Suite 1940
Corpus Christi, Texas 78477
Item 2(c) Citizenship
-----------
1. GKH Investments, L.P.- Delaware
2. GKH Partners, L.P.- Delaware
Item 2(d) Title of Class of Securities
----------------------------
common stock, $.001 par value per share
Item 2(e) CUSIP Number
------------
410768 10 5
Page 4 of 9 Pages
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Item 3 If this Statement is Filed Pursuant to
Rule 13d-1(b) or 13d-2(b)
-------------------------
Not Applicable
Item 4 Ownership
---------
1. GKH Investments, L.P.
(a) Amount Beneficially Owned as of December 31,
1997: 11,130,502 shares
(b) Percent of Class: 39.0%
(c) Number of Shares as to which such person has:
(i) sole power to vote or to direct the vote: 11,130,502
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the
disposition of: 11,130,502
(iv) shared power to dispose or to direct the disposition
of: 0
2. GKH Partners, L.P.
(a) Amount Beneficially Owned as of December 31,
1997: 420,496 shares*
(b) Percent of Class: 1.5%
* While, as the general partner of GKH Investments, L.P., GKH Partners, L.P.
may be deemed to be the beneficial owner of stock held by GKH Investments,
L.P., GKH Partners, L.P. expressly disclaims any such beneficial ownership.
Page 5 of 9 Pages
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(c) Number of Shares as to which such person has:
(v) sole power to vote or to direct the vote: 420,496
(vi) shared power to vote or to direct the vote: 0
(vii) sole power to dispose or to direct the disposition
of: 420,496
(viii) shared power to dispose or to direct the disposition
of: 0
Item 5 Ownership of Five Percent or Less of a Class
--------------------------------------------
Not Applicable
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 6 of 9 Pages
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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
accurate.
Dated: February 13, 1998
GKH INVESTMENTS, L.P., a Delaware limited partnership
By: GKH PARTNERS, L.P., a Delaware limited
partnership, its general partner
By: JAKK HOLDING CORP., a Nevada corporation,
its general partner
/s/ Melvyn N. Klein
------------------------------------------------
Melvyn N. Klein
President
GKH PARTNERS, L.P., a Delaware limited partnership
By: JAKK HOLDING CORP., a Nevada corporation,
its general partner
/s/ Melvyn N. Klein
------------------------------------------------
Melvyn N. Klein
President
Page 7 of 9 Pages
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EXHIBIT A
AGREEMENT TO FILE SCHEDULE 13G
THIS AGREEMENT is made and entered into as of the 12th day of February,
1998 by and between the undersigned parties (the "Stockholders").
W I T N E S S E T H:
WHEREAS, the Stockholders are stockholders of Hanover Compressor Company
("HCC"); and
WHEREAS, the Stockholders desire to jointly file a Schedule 13G with the
Securities and Exchange Commission with respect to their investments in HCC in
order to satisfy their obligations under Regulation 13D as promulgated pursuant
to the Securities Exchange Act of 1934 (the "Act").
NOW, THEREFORE, in consideration of the foregoing, the parties hereto
hereby agree as follows:
1. Each of the Stockholders hereby agrees to jointly file a Schedule 13G
with the Securities and Exchange Commission with respect to their investments
in HCC in order to satisfy their obligations under Sections 13(d) and 13(g) of
the Act and the regulations promulgated pursuant thereto.
2. This Agreement may be executed in one or more counterparts, each of
which shall be deemed to constitute an original, but all of which shall
constitute one and the same instrument.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
Page 8 of 9 Pages
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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date and year first above written.
GKH INVESTMENTS, L.P., a Delaware limited partnership
By: GKH PARTNERS, L.P., a Delaware limited
partnership, its general partner
By: JAKK HOLDING CORP., a Nevada corporation,
its general partner
/s/ Melvyn N. Klein
-------------------------------------------------
Melvyn N. Klein
President
GKH PARTNERS, L.P., a Delaware limited partnership
By: JAKK HOLDING CORP., a Nevada corporation,
its general partner
/s/ Melvyn N. Klein
-----------------------------------------------------
Melvyn N. Klein
President
[SIGNATURE PAGE TO AGREEMENT TO FILE SCHEDULE 13G]
Page 9 of 9 Pages
