<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
KNOLL, INC.
(Name of Issuer)
Common Stock, $0.01 Par Value
(Title of Class of Securities)
498904-10-4
(CUSIP Number)
Stephen Distler
E.M. Warburg, Pincus & Co., LLC
466 Lexington Avenue
New York, New York 10017
(212) 878-0600
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
With Copies To:
Patrick A. Milberger Michael A. Schwartz
Knoll, Inc. Willkie Farr & Gallagher
1235 Water Street 787 Seventh Avenue
East Greenville, Pennsylvania 18041 New York, New York 10019
(215) 679-1335 (212) 728-8000
March 23, 1999
(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(e), Rule 13d-1(f) or Rule 13d-1(g), check the
following box. [ ]
Continued on following page(s)
Page 1 of 26 Pages
Exhibit Index: Page 19
<PAGE>
SCHEDULE 13D
- --------------------- ------------------
CUSIP No. 498904-10-1 Page 2 of 26 Pages
- --------------------- ------------------
- ----------- --------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus Ventures, L.P. I.D. #13-3784037
- ----------- --------------------------------------------------------------------
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 PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
--------- ------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED
BY EACH REPORTING 20,709,922
PERSON WITH
--------- ------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
20,709,922
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
20,709,922
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
50.9%
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- --------------------- ------------------
CUSIP No. 498904-10-1 Page 3 of 26 Pages
- --------------------- ------------------
- ----------- --------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus & Co. I.D. #13-6358475
- ----------- --------------------------------------------------------------------
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 PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
272,034
--------- ------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED
BY EACH REPORTING 20,709,922
PERSON WITH
--------- ------------------------------------------------
9 SOLE DISPOSITIVE POWER
272,034
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
20,709,922
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
20,981,956
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
51.7%
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- --------------------- ------------------
CUSIP No. 498904-10-1 Page 4 of 26 Pages
- --------------------- ------------------
- ----------- --------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
E.M. Warburg, Pincus & Co., LLC I.D. #13-3536050
- ----------- --------------------------------------------------------------------
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 PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0
--------- ------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED
BY EACH REPORTING 20,709,922
PERSON WITH
--------- ------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
20,709,922
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
20,709,922
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
50.9%
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- ----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- --------------------- ------------------
CUSIP No. 498904-10-1 Page 5 of 26 Pages
- --------------------- ------------------
- ----------- --------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Burton B. Staniar I.D. #
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- ----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
1,187,927
--------- ------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED
BY EACH REPORTING 0
PERSON WITH
--------- ------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,187,927
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
1,187,927
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.9%
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- --------------------- ------------------
CUSIP No. 498904-10-1 Page 6 of 26 Pages
- --------------------- ------------------
- ----------- --------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John H. Lynch I.D. #
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- ----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
815,079
--------- ------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED
BY EACH REPORTING 0
PERSON WITH
--------- ------------------------------------------------
9 SOLE DISPOSITIVE POWER
815,079
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
815,079
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.0%
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- --------------------- ------------------
CUSIP No. 498904-10-1 Page 7 of 26 Pages
- --------------------- ------------------
- ----------- --------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Andrew B. Cogan I.D. #
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- ----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
382,931
--------- ------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED
BY EACH REPORTING 0
PERSON WITH
--------- ------------------------------------------------
9 SOLE DISPOSITIVE POWER
382,931
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
382,931
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.9%
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- --------------------- ------------------
CUSIP No. 498904-10-1 Page 8 of 26 Pages
- --------------------- ------------------
- ----------- --------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Kathleen G. Bradley I.D. #
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- ----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
276,265
--------- ------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED
BY EACH REPORTING 0
PERSON WITH
--------- ------------------------------------------------
9 SOLE DISPOSITIVE POWER
276,265
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
276,265
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.7%
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- --------------------- ------------------
CUSIP No. 498904-10-1 Page 9 of 26 Pages
- --------------------- ------------------
- ----------- --------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Douglas J. Purdom I.D. #
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- ----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
333,512
--------- ------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED
BY EACH REPORTING 0
PERSON WITH
--------- ------------------------------------------------
9 SOLE DISPOSITIVE POWER
333,512
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
333,512
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.8%
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- --------------------- -------------------
CUSIP No. 498904-10-1 Page 10 of 26 Pages
- --------------------- -------------------
- ----------- --------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Carl G. Magnusson I.D. #
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- ----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
- --------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
32,911
--------- ------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED
BY EACH REPORTING 0
PERSON WITH
--------- ------------------------------------------------
9 SOLE DISPOSITIVE POWER
32,911
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
32,911
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.1%
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- --------------------- -------------------
CUSIP No. 498904-10-1 Page 11 of 26 Pages
- --------------------- -------------------
- ----------- --------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Patrick A. Milberger I.D. #
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- ----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
49,386
--------- ------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED
BY EACH REPORTING 0
PERSON WITH
--------- ------------------------------------------------
9 SOLE DISPOSITIVE POWER
49,386
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
49,386
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.1%
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- --------------------- -------------------
CUSIP No. 498904-10-1 Page 12 of 26 Pages
- --------------------- -------------------
- ----------- --------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barbara E. Ellixson I.D. #
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- ----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
50,403
--------- ------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED
BY EACH REPORTING 0
PERSON WITH
--------- ------------------------------------------------
9 SOLE DISPOSITIVE POWER
50,403
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
50,403
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.1%
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- --------------------- -------------------
CUSIP No. 498904-10-1 Page 13 of 26 Pages
- --------------------- -------------------
- ----------- --------------------------------------------------------------------
1 NAME OF REPORT PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barry L. McCabe I.D. #
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- ----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------- --------- -----------------------------------------------
7 SOLE VOTING POWER
128,589
--------- ------------------------------------------------
NUMBER OF SHARES 8 SHARED VOTING POWER
BENEFICIALLY OWNED
BY EACH REPORTING 0
PERSON WITH
--------- ------------------------------------------------
9 SOLE DISPOSITIVE POWER
128,589
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
128,589
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.3%
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ----------- --------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
This Schedule 13D is filed on behalf of Warburg, Pincus Ventures, L.P.,
Warburg, Pincus & Co. and E.M. Warburg, Pincus & Co., LLC (collectively, the
"Warburg Reporting Persons") and on behalf of Burton B. Staniar, John H. Lynch,
Andrew B. Cogan, Kathleen G. Bradley, Douglas J. Purdom, Carl G. Magnusson,
Patrick A. Milberger, Barbara E. Ellixson and Barry L. McCabe (the "Management
Reporting Persons" and, together with the Warburg Reporting Persons, the
"Reporting Persons"), pursuant to Rule 13d-1(k)(1). With respect to the Warburg
Reporting Persons, this Schedule 13D replaces the Schedule 13G filed by the
Warburg Reporting Persons on February 9, 1998 and amended on April 9, 1998, May
5, 1998 and January 31, 1999 (the "13G Filings"). This Schedule 13D is being
filed to reflect certain events which occurred on March 23, 1999, as required
under the Securities Exchange Act of 1934, as amended (the "Exchange Act").
Item 1. Security and Issuer.
This statement on Schedule 13D relates to the Common Stock, $.01 par value
per share ("Common Stock"), of Knoll, Inc., a Delaware corporation (the
"Issuer"). The address of the principal executive offices of the Issuer is 1235
Water Street, East Greenville, Pennsylvania 18041.
Item 2. Identity and Background.
(a), (b) and (c) This statement is filed by Warburg, Pincus Ventures, L.P.,
a Delaware limited partnership ("WPV"), Warburg, Pincus & Co., a New York
partnership ("WP"), and E. M. Warburg, Pincus & Co., LLC, a New York limited
liability company ("EMW"), together with Burton B. Staniar, John H. Lynch,
Andrew B. Cogan, Kathleen G. Bradley, Douglas J. Purdom, Carl G. Magnusson,
Patrick A. Milberger, Barbara E. Ellixson and Barry L. McCabe. WP is the sole
general partner of WPV, and EMW manages WPV.
WPV's principal business is making venture capital and related investments.
The principal business of WP is serving as general partner of WPV and other
affiliates. The principal business of EMW is serving as investment manager of
WPV and other affiliates. Lionel I. Pincus is the managing partner of WP and the
managing member of EMW and may be deemed to control both WP and EMW. WP has a
15% interest in the profits of WPV as the general partner. The general partners
of WP and the members of EMW are described in Schedule I hereto.
The principal office of the Warburg Reporting Persons is 466 Lexington
Avenue, New York, New York 10017.
The principal occupation of each of the Management Reporting Persons is as
an executive officer and, in certain cases, a director, of the Issuer, as set
forth below. The principal office of each of the Management Reporting Persons is
c/o Knoll, Inc., 1235 Water Street, East Greenville, Pennsylvania 18041.
Name Position with the Issuer
Burton B. Staniar Chairman of the Board
John H. Lynch President, Chief Executive Officer and Director
Page 14 of 26 Pages
<PAGE>
Andrew B. Cogan Executive Vice President -- Marketing and Product
Development and Director
Kathleen G. Bradley Executive Vice President -- Sales, Distribution
and Customer Service
Douglas J. Purdom Senior Vice President and Chief Financial Officer
Carl G. Magnusson Senior Vice President -- Design
Patrick A. Milberger Vice President, General Counsel and Secretary
Barbara E. Ellixson Vice President -- Human Resources
Barry L. McCabe Vice President, Controller and Treasurer
(d) None of the Reporting Persons, nor to the best of their knowledge, any
entity or person with respect to whom information is provided in response to
this Item has, during the last five years, been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors).
(e) None of the Reporting Persons, nor to the best of their knowledge, any
entity or person with respect to whom information is provided in response to
this Item has, during the last five years, been a party to a civil proceeding of
a judicial or administrative body of competent jurisdiction and as a result of
such proceeding was or is subject to a judgment, 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) Except as otherwise indicated on Schedule I, each individual with
respect to whom information is provided in response to this Item is a citizen of
the United States of America.
Item 3. Sources and Amounts of Funds or Other Consideration
As further described below, the Reporting Persons purchased and otherwise
acquired their shares of Common Stock in connection with the formation and
organization of the Issuer in February 1996 and upon conversion of shares of the
Issuer's convertible preferred stock in connection with the Issuer's initial
public offering in May 1997. Additionally, the shares of Common Stock owned by
the Management Reporting Persons include shares (i) issued pursuant to the
Issuer's 1996 and 1997 Stock Incentive Plans, (ii) purchased pursuant to the
Issuer's Employee Stock Purchase Plan or (iii) purchased in open market
transactions.
In February 1996, the Warburg Reporting Persons paid an aggregate of
approximately $52.8 million for their shares of Common Stock (including for the
convertible preferred stock converted to Common Stock as described above). The
Management Reporting Persons paid (i) an aggregate of approximately $3.3 million
for their shares of Common Stock (including for the convertible preferred stock
converted to Common Stock) in connection with the formation and organization of
the Issuer in February 1996, (ii) an aggregate of approximately $41,000 for
their shares of Common Stock purchased under the Employee Stock Purchase Plan
and (iii) an aggregate of approximately $17,000 for their shares of Common Stock
purchased on the open market. In addition, the Management Reporting Persons have
received an aggregate of 2,463,028 shares of Common Stock pursuant to restricted
stock grants under the Issuer's 1996 and 1997 Stock Incentive Plans. The
purchase price for the shares of
Page 15 of 26 Pages
<PAGE>
Common Stock (including such convertible preferred stock) purchased by the
Warburg Reporting Persons was funded through WPV's working capital, and the
purchase price paid by the Management Reporting Persons was funded through their
personal funds.
As more fully described in Item 4 below, on March 23, 1999, the Reporting
Persons offered to purchase (the "Purchase") all outstanding shares of Common
Stock not owned by the Reporting Persons for a cash purchase price of $25.00 per
share. The Reporting Persons contemplate that certain of the Management
Reporting Persons may sell, prior to or upon the consummation of the Purchase,
up to 50% of each such person's current aggregate holdings. Based on 40,618,778
shares of Common Stock outstanding as of March 24, 1999, the Reporting Persons
estimate that the aggregate purchase price to be paid in the Purchase will be
approximately $450 million.
The Reporting Persons currently expect to finance the Purchase and related
expenses through the borrowing of funds.
Item 4. Purpose of Transaction.
On March 23, 1999, the Reporting Persons offered to purchase all
outstanding shares of Common Stock not owned by the Reporting Persons for a cash
price of $25.00 per share. The offer represents an approximate 64% premium over
the closing market price of the Common Stock on March 23, 1999 of $15.25 per
share, and will enable all of the Issuer's public stockholders (except the
Management Reporting Persons) to receive cash for all of their shares of Common
Stock. Upon completion of the Purchase, the Common Stock will cease to be listed
on the New York Stock Exchange and will be deregistered under the Exchange Act.
The consummation of the Purchase, if approved by the Board of Directors of
the Issuer, is subject to approval by the Board of Directors and stockholders of
the Issuer, as well as to the receipt of financing, the execution of a
definitive merger agreement and other conditions customary in a transaction of
this type. The Issuer has appointed a Special Committee of its Board comprised
of independent directors to consider the proposed Purchase.
The Reporting Persons currently expect that the Purchase will be effected
by a newly formed acquisition vehicle ("Newco") to which the Warburg Reporting
Persons will contribute all of the shares of Common Stock held by them and to
which the Management Reporting Persons will contribute at least an aggregate of
50% of each such person's current aggregate holdings. Additionally, the
Reporting Persons intend to permit certain additional members of the Issuer's
management to contribute shares of Common Stock held by them to Newco. As of
March 24, 1999, the Reporting Persons own approximately 60% of the outstanding
Common Stock.
Page 16 of 26 Pages
<PAGE>
Item 5. Interest in Securities of the Issuer.
(a) and (b) The information in this Item 5(a) and (b) is given as of the
date hereof and is based on 40,618,778 shares of outstanding Common Stock.(1)
(i) As of March 31, 1999, WPV directly owned 20,709,922 shares of Common
Stock, and WP directly owned 272,034 shares of Common Stock. WP is the sole
general partner of WPV and EMW manages WPV; accordingly, WPV and EMW each may be
deemed to beneficially own the shares of Common Stock held by WPV. Additionally,
WP may be deemed to beneficially own 674,399 shares of Common Stock held by its
asset management affiliate, Warburg Pincus Asset Management, Inc., which WP may
be deemed to control. WP disclaims beneficial ownership of such shares, for
purposes of the Exchange Act or otherwise. Lionel I. Pincus is the managing
partner of WP and the managing member of EMW and may be deemed to control both
WP and EMW. WP has a 15% interest in the profits of WPV as the general partner.
WPV, WP and the Issuer have entered into a Voting Agreement, dated
September 11, 1998, pursuant to which WPV and WP agreed that if, as the result
of share repurchases by the Issuer, their holdings of voting common stock exceed
49.9% of the outstanding voting common stock of the Issuer, then WPV and WP will
not cast a vote on any proposal as to which a vote is taken in excess of 49.9%
of the total number of votes that may be cast on such proposal. Accordingly, as
of March 24, 1999, the aggregate number of shares owned by WPV and WP which may
be voted by them pursuant to the Voting Agreement is 20,256,770.
Each person identified in this statement as a Warburg Reporting Person
expressly disclaims any beneficial interest in the above-stated shares or in the
shares of the Management Reporting Persons, except for those shares which are
stated to be owned by such person and except to the extent of such person's
inclusion in the group which, as a result of its formation, has acquired
beneficial interest in such shares.
(ii) The Management Reporting Persons beneficially own an aggregate of
3,257,003 shares of Common Stock. This amount includes options to purchase an
aggregate of 90,346 shares of Common Stock, which options are either presently
exercisable or become exercisable within 60 days of the date hereof. Each person
identified in this statement as a Management Reporting Person expressly
disclaims any beneficial interest in the above-stated shares, including the
shares of the Warburg Reporting Persons, except for those shares which are
stated to be owned by such person and except to the extent of such person's
inclusion in the group which, as a result of its formation, has acquired
beneficial interest in such shares.
(c) Attached hereto as Schedule 5(c) is a schedule of transactions in the
Common Stock within the past 60 days by the persons named in Item 5(a) and (b)
above.
(d) N/A
(e) N/A
- ----------
(1) Pursuant to the Issuer's Annual Report on Form 10-K for the fiscal year
ended December 31, 1998.
Page 17 of 26 Pages
<PAGE>
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer.
The Reporting Persons may be deemed to have formed a "group" for purposes
of Rule 13d-5(b)(1) under the Exchange Act to consummate the Purchase, as
described herein. The Reporting Persons have entered into a mutual understanding
to proceed in good faith towards written agreements with respect to the
formation and governance of Newco, the final terms of the proposed Purchase and
related matters.
Based on discussions between the Warburg Reporting Persons and the
Management Reporting Persons, prior to the consummation of the Purchase and
depending on the circumstances, certain Management Reporting Persons may sell up
to 50% of each such person's current aggregate holdings.
WPV, WP and the Issuer entered into a Voting Agreement dated September 11,
1998 pursuant to which WPV and WP agreed that if, as the result of share
repurchases by the Issuer, their aggregate holdings of voting common stock
exceed 49.9% of the then outstanding voting common stock of the Issuer, then WPV
and WP will not cast a vote on any proposal as to which a vote is taken in
excess of 49.9% of the total number of votes that may be cast on such proposal.
In connection with the Issuer's organization and capitalization, the
Issuer, WPV, the Management Reporting Persons and certain other persons holding
Common Stock and Preferred Stock entered into a Stockholders Agreement (Common
Stock and Preferred Stock), dated as of February 29, 1996. Under such Agreement,
as currently in effect, the parties agreed to take all action to cause the Board
of Directors of the Issuer to consist of four persons appointed by WPV, Burton
B. Staniar and John H. Lynch (two of the Management Reporting Persons). In
addition, under the Agreement, the Company agreed to provide WPV and the other
parties thereto with certain registration rights.
Also, in connection with the organization and capitalization of the Issuer,
the Issuer, WPV, the Management Reporting Persons and certain other persons
holding Restricted Shares entered into a Stockholders Agreement (Restricted
Shares), dated as of February 29, 1996. Such Agreement, as currently in effect,
requires certain of the holders of shares of Common Stock issued under the
Issuer's 1996 Stock Incentive Plan to provide the Issuer's Board of Directors
with 5 business days notice prior to the transfer of such shares, with certain
exceptions. In addition, under the Agreement, the Company agreed to provide such
holders with certain registration rights.
Page 18 of 26 Pages
<PAGE>
Item 7. Material to be Filed as Exhibits.
EXHIBIT A Agreement to file Joint Statement on Schedule 13D (filed
herewith).
EXHIBIT B Letter of Warburg, Pincus Ventures, L.P. to the Board of
Directors of Knoll, Inc., dated March 23, 1999 (incorporated by
reference from the Issuer's Current Report on Form 8-K (File No.
001-12907) filed on March 24, 1999).
EXHIBIT C Voting Agreement, dated September 11, 1998, by and among Knoll,
Inc., Warburg, Pincus Ventures, L.P. and Warburg, Pincus & Co.
(incorporated by reference from the Issuer's Annual Report on
Form 10-K for the year ended December 31, 1998 (File No.
001-12907) filed on March 31, 1999).
EXHIBIT D Stockholders Agreement (Common Stock and Preferred Stock), dated
as of February 29, 1996, among the Issuer, WPV and the other
signatories thereto (incorporated by reference from the Issuer's
Annual Report on Form 10-K for the year ended December 31, 1996
(File No. 333-02972) filed on March 29, 1997).
EXHIBIT E Stockholders Agreement (Restricted Shares), dated as of February
29, 1996, among the Issuer, WPV and the other signatories thereto
(incorporated by reference from the Issuer's Annual Report on
Form 10-K for the year ended December 31, 1996 (File No.
333-02972) filed on March 29, 1997).
Page 19 of 26 Pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct as of the 2nd day of April 1999.
WARBURG, PINCUS VENTURES, L.P.
By: Warburg, Pincus & Co., General Partner
By: /s/ Stephen Distler
------------------------
Name: Stephen Distler
Title: Partner
WARBURG, PINCUS & CO.
By: /s/ Stephen Distler
------------------------
Name: Stephen Distler
Title: Partner
E. M. WARBURG, PINCUS & CO., LLC
By: /s/ Stephen Distler
------------------------
Name: Stephen Distler
Title: Member
/s/ Burton B. Staniar
----------------------------
Burton B. Staniar
/s/ John H. Lynch
----------------------------
John H. Lynch
/s/ Andrew B. Cogan
----------------------------
Andrew B. Cogan
Page 20 of 26 Pages
<PAGE>
/s/ Kathleen G. Bradley
----------------------------
Kathleen G. Bradley
/s/ Douglas J. Purdom
----------------------------
Douglas J. Purdom
/s/ Carl G. Magnusson
----------------------------
Carl G. Magnusson
/s/ Patrick A. Milberger
----------------------------
Patrick A. Milberger
/s/ Barbara E. Ellixson
----------------------------
Barbara E. Ellixson
/s/ Barry L. McCabe
----------------------------
Barry L. McCabe
Page 21 of 26 Pages
<PAGE>
SCHEDULE 5(c)
SCHEDULE OF TRANSACTIONS IN
COMMON STOCK IN THE PAST 60 DAYS
1) On February 8, 1999, John H. Lynch gifted 2,640 shares of Common Stock to
three family trusts. Mr. Lynch does not control, and is not a beneficiary of,
such trusts, and disclaims beneficial ownership of any shares of Common Stock
owned by such trusts for purposes of the Exchange Act or otherwise.
2) On March 31, 1999, 774 shares of Common Stock were automatically purchased
for Carl G. Magnusson pursuant to the provisions of the Issuer's Employee Stock
Purchase Plan at a purchase price of $24.31 per share.
Page 22 of 26 Pages
<PAGE>
SCHEDULE I
Set forth below is the name, position and present principal occupation of each
of the general partners of Warburg, Pincus & Co. ("WP") and each of the members
of E.M. Warburg, Pincus & Co., LLC ("EMW"). Except as otherwise indicated, the
business address of each of such persons is 466 Lexington Avenue, New York, New
York 10017, and each of such persons is a citizen of the United States.
Present Principal Occupation in Addition to
Position with WP, and Positions with the
Name Reporting Entities
- ---- -------------------------------------------
Joel Ackerman Managing Director and Member, EMW
Alvaro J. Aguirre Managing Director and Member, EMW
Harold Brown Senior Managing Director and Member, EMW
W. Bowman Cutter Managing Director and Member, EMW
Elizabeth B. Dater Managing Director and Member, EMW
Cary J. Davis Managing Director and Member, EMW
Stephen Distler Managing Director, Member and Treasurer, EMW
Harold W. Ehrlich Managing Director and Member, EMW
Kyle F. Frey Managing Director and Member, EMW
John L. Furth Managing Director and Member, EMW
Stewart K.P. Gross Managing Director and Member, EMW
Patrick T. Hackett Managing Director and Member, EMW
Jeffrey A. Harris Managing Director and Member, EMW
William H. Janeway Managing Director and Member, EMW
Robert Janis Managing Director and Member, EMW
Douglas M. Karp Managing Director and Member, EMW
Charles R. Kaye Managing Director and Member, EMW
Henry Kressel Managing Director and Member, EMW
Joseph P. Landy Managing Director and Member, EMW
Sidney Lapidus Managing Director and Member, EMW
Kewsong Lee Managing Director and Member, EMW
Reuben S. Leibowitz Managing Director and Member, EMW
S. Joshua Lewis Managing Director and Member, EMW
Scott T. Lewis Managing Director and Member, EMW
David E. Libowitz Managing Director and Member, EMW
Brady T. Lipp Managing Director and Member, EMW
Stephen J. Lurito Managing Director and Member, EMW
Lynn S. Martin Managing Director and Member, EMW
Nancy Martin Managing Director and Member, EMW
Edward J. McKinley Managing Director and Member, EMW
Page 23 of 26 Pages
<PAGE>
Rodman W. Moorhead III Senior Managing Director and Member, EMW
Maryanne Mullarkey Managing Director and Member, EMW
Howard H. Newman Managing Director and Member, EMW
Gary D. Nusbaum Managing Director and Member, EMW
Sharon B. Parente Managing Director and Member, EMW
Dalip Pathak Managing Director and Member, EMW
Lionel I. Pincus Chairman of the Board, CEO, and
Managing Member, EMW; and Managing
Partner, Pincus & Co.
Eugene L. Podsiadlo Managing Director and Member, EMW
Ernest H. Pomerantz Managing Director and Member, EMW
Brian S. Posner Managing Director and Member, EMW
Arnold M. Reichman Managing Director and Member, EMW
Roger Reinlieb Managing Director and Member, EMW
John D. Santoleri Managing Director and Member, EMW
Steven G. Schneider Managing Director and Member, EMW
Donald C. Schutltheis Managing Director and Member, EMW
Sheila N. Scott Managing Director and Member, EMW
Harold Sharon Managing Director and Member, EMW
Eugene J. Siembieda Managing Director and Member, EMW
Barbara Tarmy Managing Director and Member, EMW
James E. Thomas Managing Director and Member, EMW
Donna M. Vandenbulcke Managing Director and Member, EMW
John L. Vogelstein Vice Chairman and Member, EMW
Elizabeth H. Weatherman Managing Director and Member, EMW
Pincus & Co.*
NL & Co.**
* New York limited partnership; its primary activity is ownership interest in WP
and EMW.
** New York limited partnership; its primary activity is ownership interest in
WP.
Page 24 of 26 Pages
<PAGE>
MEMBERS OF EMW
Present Principal Occupation in Addition to
Position with EMW, and Positions with the
Name Reporting Entities
- ---- -------------------------------------------
Joel Ackerman Partner, WP
Alvaro J. Aguirre Partner, WP
Harold Brown Partner, WP
W. Bowman Cutter Partner, WP
Elizabeth B. Dater Partner, WP
Cary J. Davis Partner, WP
Stephen Distler Partner, WP
P. Nicholas Edwards (1)
Harold W. Ehrlich Partner, WP
Kyle F. Frey Partner, WP
John L. Furth Partner, WP
Stewart K.P. Gross Partner, WP
Patrick T. Hackett Partner, WP
Jeffrey A. Harris Partner, WP
William H. Janeway Partner, WP
Robert Janis Partner, WP
Douglas M. Karp Partner, WP
Charles R. Kaye Partner, WP
Richard H. King (1)
Henry Kressel Partner, WP
Rajiv B. Lall (2)
Joseph P. Landy Partner, WP
Sidney Lapidus Partner, WP
Kewsong Lee Partner, WP
Reuben S. Leibowitz Partner, WP
S. Joshua Lewis Partner, WP
Scott T. Lewis Partner, WP
David E. Libowitz Partner, WP
Brady T. Lipp Partner, WP
Stephen J. Lurito Partner, WP
John W. MacIntosh (3)
Lynn S. Martin Partner, WP
Nancy Martin Partner, WP
Edward J. McKinley Partner, WP
James McNaught-Davis (1)
Rodman W. Moorhead III Partner, WP
Maryanne Mullarkey Partner, WP
Howard H. Newman Partner, WP
Gary D. Nusbaum Partner, WP
Page 25 of 26 Pages
<PAGE>
Sharon B. Parente Partner, WP
Dalip Pathak Partner, WP
Lionel I. Pincus Managing Partner, WP; Chairman of the
Board and CEO, EMW; Managing Partner,
Pincus & Co.
Eugene L. Podsiadlo Partner, WP
Ernest H. Pomerantz Partner, WP
Brian S. Posner Partner, WP
Arnold M. Reichman Partner, WP
Roger Reinlieb Partner, WP
John D. Santoleri Partner, WP
Steven G. Schneider Partner, WP
Donald C. Schultheis Partner, WP
Sheila N. Scott Partner, WP
Harold Sharon Partner, WP
Dominic H. Shorthouse (1)
Eugene J. Siembieda Partner, WP
Chang Q. Sun (4)
Barbara Tarmy Partner, WP
James E. Thomas Partner, WP
Donna M. Vandenbulcke Partner, WP
John L. Vogelstein Partner, WP
Elizabeth H. Weathermen Partner, WP
Jeremy S. Young (1)
Pincus & Co.*
(1) Citizen of United Kingdom
(2) Citizen of India
(3) Citizen of Canada
(4) Citizen of People's Republic of China
* New York limited partnership; its primary activity is ownership interest
in WP and EMW.
Page 26 of 26 Pages
<PAGE>
EXHIBIT A
JOINT FILING AGREEMENT
PURSUANT TO RULE 13d-1(k)1
The undersigned acknowledge and agree that the foregoing statement of
Schedule 13D is filed on behalf of each of the undersigned and that all
amendments to this statement on Schedule 13D shall be filed on behalf of each of
the undersigned without the necessity of filing additional joint acquisition
statements. The undersigned acknowledge that each shall be responsible for the
timely filing of such amendments, and for the completeness and accuracy of the
information concerning him or it contained therein, but shall not be responsible
for the completeness and accuracy of the information concerning the other,
except to the extent that he or it knows or has reason to believe that such
information is inaccurate.
Date: April 2, 1999
WARBURG, PINCUS VENTURES, L.P.
By: Warburg, Pincus & Co., General Partner
By: /s/ Stephen Distler
------------------------------
Name: Stephen Distler
Title: Partner
WARBURG, PINCUS & CO.
By: /s/ Stephen Distler
------------------------------
Name: Stephen Distler
Title: Partner
E. M. WARBURG, PINCUS & CO., LLC
By: /s/ Stephen Distler
------------------------------
Name: Stephen Distler
Title: Member
/s/ Burton B. Staniar
------------------------------
Burton B. Staniar
<PAGE>
/s/ John H. Lynch
------------------------------
John H. Lynch
/s/ Andrew B. Cogan
------------------------------
Andrew B. Cogan
/s/ Kathleen G. Bradley
------------------------------
Kathleen G. Bradley
/s/ Douglas J. Purdom
------------------------------
Douglas J. Purdom
/s/ Carl G. Magnusson
------------------------------
Carl G. Magnusson
/s/ Patrick A. Milberger
------------------------------
Patrick A. Milberger
/s/ Barbara E. Ellixson
------------------------------
Barbara E. Ellixson
/s/ Barry L. McCabe
------------------------------
Barry L. McCabe
Page 2 of 2 Pages
