UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
MONROC, INC.
----------------
(Name of Issuer)
Common Stock, Par Value $0.01
-----------------------------
(Title of Class of Securities)
610242-10-9
------------
(CUSIP Number)
Murray A. Indick
Richard C. Blum & Associates, L.P.
909 Montgomery Street, Suite 400
San Francisco, CA 94133
(415) 434-1111
--------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 5, 1998
----------------
(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 [ ].
*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).
Page 1 of 11
CUSIP NO. 610242-10-9 SCHEDULE 13D Page 2 of 11
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON BCCP I, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3235684
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* WC
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER -0-
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER -0-
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0-
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0%
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 610242-10-9 SCHEDULE 13D Page 3 of 11
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON BUILDING AND CONSTRUCTION
CAPITAL PARTNERS, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3213369
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* WC
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER -0-
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER -0-
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0-
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 610242-10-9 SCHEDULE 13D Page 4 of 11
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RICHARD C. BLUM & ASSOCIATES, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3205364
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* Not Applicable
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER -0-
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER -0-
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0-
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN, IA
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 610242-10-9 SCHEDULE 13D Page 5 of 11
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RICHARD C. BLUM & ASSOCIATES, INC.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-2967812
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* Not Applicable
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER -0-
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER -0-
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0-
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON CO
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 610242-10-9 SCHEDULE 13D Page 6 of 11
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RICHARD C. BLUM
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* Not Applicable
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A.
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER -0-
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER -0-
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0-
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON IN
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 610242-10-9 SCHEDULE 13D Page 7 of 11
This Amendment No. 2 amends the Statement on Schedule 13D (the "Schedule 13D")
filed with the Securities and Exchange Commission (the "Commission") on
February 5, 1998 by BCCP I, L.P., a California limited partnership ("BCCP I"),
Building and Construction Capital Partners, L.P., a California limited
partnership ("BCCP"), Richard C. Blum & Associates, L.P., a California limited
partnership ("RCBA L.P."); Richard C. Blum & Associates, Inc., a California
corporation ("RCBA Inc."); and Richard C. Blum, the Chairman and a substantial
shareholder of RCBA Inc. (collectively, the "Reporting Persons"). This
Amendment No. 2 is being filed to reflect the cancellation of the Reporting
Persons' Common Stock into and its conversion into the right to receive
$10.771 per share without interest thereon (the "Merger Consideration"),
pursuant to the terms of the Merger Agreement described in the Schedule 13D.
In addition, pursuant to the Merger Agreement and a Warrant Cancellation and
Payment Agreement dated June 5, 1998 (the "Warrant Agreement") by and between
Issuer and BCCP I, L.P. (attached as Exhibit B), a warrant of the Company held
by the Reporting Persons (the "Warrant") was cancelled and a cash payment in
the amount of $6,781,500 was paid to the Reporting Persons (the "Warrant
Consideration").
Item 5. Interest in Securities of the Issuer
- ---------------------------------------------
Item 5 of the Schedule 13D is hereby amended and restated in its entirety as
follows:
(a),(b) According to information furnished to the Reporting Persons by the
Issuer, there were 6,014,200 shares of Common Stock issued and outstanding as
of January 31, 1998 (including the 1,500,000 shares that would be acquired
pursuant to exercise of the Warrant). Based on such information and after
taking into account the Merger and Warrant Considerations, as of June 5, 1998
Reporting Persons report no beneficial ownership of any of the shares of
Common Stock, which represents 0.0% of the Issuer's outstanding Common Stock.
(c) There have been no purchases or sales of the Common Stock in the past 60
days. On June 5, 1998, the 3,721,577 shares of Common Stock beneficially
owned by the Reporting Persons were cancelled pursuant to the Merger and
Warrant Agreements.
(d) Not applicable.
(e) As of June 5, 1998, the Reporting Persons are no longer beneficial
holders of any of the Common Stock.
Item 7. Material to be Filed as Exhibits
- -----------------------------------------
Exhibit A Joint Filing Undertaking.
Exhibit B Warrant Cancellation and Payment Agreement dated June 5, 1998,
by and between Monroc, Inc. and BCCP I, L.P.
CUSIP NO. 610242-10-9 SCHEDULE 13D Page 8 of 11
SIGNATURES
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: June 16, 1998
RICHARD C. BLUM & ASSOCIATES, L.P. RICHARD C. BLUM & ASSOCIATES, INC.
By /s/ Murray A. Indick By /s/ Murray A. Indick
------------------------------- -----------------------------------
Murray A. Indick Murray A. Indick
Managing Director Managing Director, General Counsel
and General Counsel and Secretary
BCCP I, L.P
By Building and Construction Capital Partners, L.P.
its General Partner
By Richard C. Blum & Associates, L.P., its General Partner
By /s/ Murray A. Indick
-------------------------------
Murray A. Indick
Managing Director and General Counsel
BUILDING AND CONSTRUCTION CAPITAL PARTNERS, L.P.
By Richard C. Blum & Associates, L.P., its General Partner
By /s/ Murray A. Indick
-------------------------------
Murray A. Indick
Managing Director and General Counsel
By /s/ Murray A. Indick
-------------------------------------
RICHARD C. BLUM
By Murray A. Indick, Attorney-in-Fact
CUSIP NO. 610242-10-9 SCHEDULE 13D Page 9 of 11
Exhibit A
JOINT FILING UNDERTAKING
The undersigned, being duly authorized thereunto, hereby execute this
agreement as an exhibit to this Schedule 13D to evidence the agreement of the
below-named parties, in accordance with the rules promulgated pursuant to the
Securities Exchange Act of 1934, to file this Schedule jointly on behalf of
each such party.
Dated: June 16, 1998
RICHARD C. BLUM & ASSOCIATES, L.P. RICHARD C. BLUM & ASSOCIATES, INC.
By /s/ Murray A. Indick By /s/ Murray A. Indick
------------------------------- -----------------------------------
Murray A. Indick Murray A. Indick
Managing Director Managing Director, General Counsel
and General Counsel and Secretary
BCCP I, L.P
By Building and Construction Capital Partners, L.P.
its General Partner
By Richard C. Blum & Associates, L.P., its General Partner
By /s/ Murray A. Indick
-------------------------------
Murray A. Indick
Managing Director and General Counsel
BUILDING AND CONSTRUCTION CAPITAL PARTNERS, L.P.
By Richard C. Blum & Associates, L.P., its General Partner
By /s/ Murray A. Indick
-------------------------------
Murray A. Indick
Managing Director and General Counsel
By /s/ Murray A. Indick
-------------------------------------
RICHARD C. BLUM
By Murray A. Indick, Attorney-in-Fact
CUSIP NO. 610242-10-9 SCHEDULE 13D Page 10 of 11
Exhibit B
WARRANT CANCELLATION AND PAYMENT AGREEMENT
This Warrant Cancellation and Payment Agreement (the "Agreement") is dated as
of June 5, 1998 by and between Monroc, Inc., a Delaware corporation (the
"Company"), and BCCP I, L.P. (the "Warrant Holder").
RECITALS
A. On December 28, 1995, the Company granted to the Warrant Holder a warrant
to purchase up to 1,500,000 shares of the Company's common stock, $.01 par
value per share, at an exercise price per share of $6.25, which warrant
remains exercisable by the Warrant Holder as of the date of this Agreement
(the "Warrant").
B. The Company has entered into an Amended and Restated Agreement and Plan of
Merger dated January 29, 1998 and amended and restated as of March 4, 1998
(the "Merger Agreement") with U.S. Aggregates, Inc., a Delaware corporation
("USAI"), and Western Acquisition, Inc., a Delaware corporation and a
subsidiary of USAI ("Sub"), providing for the merger of Sub with and into the
Company with the Company continuing as the surviving corporation and a
subsidiary of USAI (the "Merger").
C. Section 2.2 of the Merger Agreement provides that, immediately prior to
the Effective Time (as defined in the Merger Agreement) of the Merger, each
outstanding warrant of the Company, whether or not such warrant is then
exercisable, shall be cancelled and each holder of a cancelled warrant shall
be entitled to receive from the Company, as consideration for cancellation and
settlement of such warrant, a cash payment equal to the aggregate number of
shares subject to the warrant multiplied by the difference between $10.771 and
the exercise price of the warrant, less any applicable tax withholdings (the
"Warrant Consideration").
D. USAI has been specifically advised of the intention of the Company and
Warrant Holder to enter into this Agreement and to perform their obligations
hereunder.
E. On June 5, 1998 the shareholders of the Company approved the Merger
Agreement and the transactions contemplated thereby at a duly called special
meeting of the Company's shareholders.
F. The Company and the Warrant Holder desire herein to provide for the
cancellation of the Warrant and payment of the Warrant Consideration to the
Warrant Holder as provided by the Merger Agreement.
AGREEMENT
NOW, THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the receipt and adequacy of which are hereby
acknowledged, the parties hereto agree as follows:
CUSIP NO. 610242-10-9 SCHEDULE 13D Page 11 of 11
1. Cancellation of the Warrant; Payment of Consideration to Warrant Holder.
The Warrant granted to the Warrant Holder is hereby cancelled as of the date
of this Agreement. As consideration for cancellation of such Warrant, the
Company shall pay to the Warrant Holder the Warrant Consideration of
$6,781,500 in immediately available funds.
2. Release of Claims. Each of the Warrant Holder and the Company, as to each
other, do hereby release, cancel and waive, for itself and its successors,
assigns, agents and representatives any and all rights, claims, causes of
action, damages, and expenses that either the Warrant Holder now has or may
have had against the Company or any of its predecessors or affiliates, arising
out of or relating in any manner whatsoever to the Warrant, or the Company now
has or may have had against the Warrant Holder or any of its predecessors or
affiliates, arising out of or relating in any manner whatsoever to the
Warrant.
3. Miscellaneous. This Agreement shall be interpreted and enforced in
accordance with the laws of the State of Utah. The parties consent and agree
to the exclusive jurisdiction and venue of the federal and state courts in the
State of Utah for all litigation brought with respect to this Agreement. This
Agreement may be executed by facsimile signature in one or more counterparts,
all of which, when taken together, shall constitute one agreement.
IN WITNESS WHEREOF, each of the parties has caused this Agreement to be
executed effective as of the date first above written.
THE COMPANY
MONROC, INC.
By:
----------------------------
L. William Rands
Its: Vice President - Finance
THE WARRANT HOLDER
BCCP I, L.P.
By: BUILDING AND CONSTRUCTION CAPITAL PARTNERS, L.P.
Its: General Partner
By: RICHARD C. BLUM & ASSOCIATES, L.P.
Its: General Partner
By: Richard C. Blum & Associates, Inc.
Its: General Partner
By:
-------------------------------
Marc T. Scholvinck
Its: Managing Director and Chief Financial Officer
