-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WmFZ4b9YJE5nDS1uaYARdk5OahdaeYrDRnGZFNzvq7SDl05BSKmLscpepayHj1aS S3Wa8j5dnduwSJt5OmjCqA== 0000950123-98-001146.txt : 19980210 0000950123-98-001146.hdr.sgml : 19980210 ACCESSION NUMBER: 0000950123-98-001146 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980209 SROS: NONE GROUP MEMBERS: WHITNEY 1990 EQUITY FUND LP GROUP MEMBERS: WHITNEY JH & CO GROUP MEMBERS: WHITNEY SUBORDINATED DEBT FUND LP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: STEEL DYNAMICS INC CENTRAL INDEX KEY: 0001022671 STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES ROLLING MILLS (COKE OVENS) [3312] IRS NUMBER: 351929476 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-49143 FILM NUMBER: 98525793 BUSINESS ADDRESS: STREET 1: 4500 COUNTY RD 59 CITY: BUTLER STATE: IN ZIP: 46721 BUSINESS PHONE: 2198688000 MAIL ADDRESS: STREET 1: 4500 COUNTY RD 59 CITY: BUTLER STATE: IN ZIP: 46721 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WHITNEY JH & CO CENTRAL INDEX KEY: 0000901399 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 177 BROAD STREET CITY: STAMFORD STATE: CT ZIP: 06901 BUSINESS PHONE: 2039731400 SC 13G/A 1 AMENDMENT #1 TO SCHEDULE 13G 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* STEEL DYNAMICS, INC. (Name of Issuer) COMMON STOCK (Title of Class of Securities) 858119100 (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 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). 2 Page 2 of 9 Pages SCHEDULE 13G CUSIP NO. 858119100 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON J.H. WHITNEY & CO., A NEW YORK LIMITED PARTNERSHIP (IRS IDENTIFICATION NO. 13-1534455), THE GENERAL PARTNERS OF WHICH ARE MICHAEL C. BROOKS, PETER M. CASTLEMAN, JEFFREY R. JAY, WILLIAM LAVERACK, JR., RAY E. NEWTON, III, DANIEL J. O'BRIEN, MICHAEL R. STONE AND WHITNEY GENERAL PARTNER, L.L.C. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) / / (B) /X/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION A NEW YORK LIMITED PARTNERSHIP. ALL INDIVIDUAL GENERAL PARTNERS ARE UNITED STATES CITIZENS. WHITNEY GENERAL PARTNER, L.L.C. IS A DELAWARE LIMITED LIABILITY COMPANY. - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 0 SHARES OF COMMON STOCK SHARES ----------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 0 SHARES OF COMMON STOCK EACH ----------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON 0 SHARES OF COMMON STOCK WITH ----------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 SHARES OF COMMON STOCK - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 SHARES OF COMMON STOCK - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* /X/ - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.00% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! 3 Page 3 of 9 Pages SCHEDULE 13G CUSIP NO. 858119100 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON WHITNEY 1990 EQUITY FUND, L.P., A DELAWARE LIMITED PARTNERSHIP (IRS IDENTIFICATION NO. 06-1305466), THE GENERAL PARTNERS OF WHICH ARE MICHAEL C. BROOKS, PETER M. CASTLEMAN, JEFFREY R. JAY, WILLIAM LAVERACK, JR., RAY E. NEWTON, III, DANIEL J. O'BRIEN AND MICHAEL R. STONE. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) / / (B) /X/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION A DELAWARE LIMITED PARTNERSHIP. ALL GENERAL PARTNERS ARE UNITED STATES CITIZENS. - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 0 SHARES OF COMMON STOCK SHARES ----------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 0 SHARES OF COMMON STOCK EACH ----------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON 0 SHARES OF COMMON STOCK WITH ----------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 SHARES OF COMMON STOCK - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 SHARES OF COMMON STOCK - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* /X/ - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.00% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! 4 Page 4 of 9 Pages SCHEDULE 13G CUSIP NO. 858119100 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON WHITNEY SUBORDINATED DEBT FUND, L.P., A DELAWARE LIMITED PARTNERSHIP (IRS IDENTIFICATION NO. 13- 3526570), THE GENERAL PARTNERS OF WHICH ARE MICHAEL C. BROOKS, PETER M. CASTLEMAN, JAMES H. FORDYCE, JEFFREY R. JAY, WILLIAM LAVERACK, JR., RAY E. NEWTON, III, DANIEL J. O'BRIEN AND MICHAEL R. STONE. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) / / (B) /X/ - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION A DELAWARE LIMITED PARTNERSHIP. ALL GENERAL PARTNERS ARE UNITED STATES CITIZENS. - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 0 SHARES OF COMMON STOCK SHARES ----------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 0 SHARES OF COMMON STOCK EACH ----------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON 0 SHARES OF COMMON STOCK WITH ----------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 SHARES OF COMMON STOCK - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 SHARES OF COMMON STOCK - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* /X/ - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.00% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! 5 Page 5 of 9 Pages Item 1(a). Name of Issuer: Steel Dynamics, Inc. Item 1(b). Address of Issuer's Principal Executive Offices: 4500 County Road 59 Butler, IN 46721 Item 2(a). Name of Person Filing: (i) J. H. Whitney & Co., a New York limited partnership. The names and business addresses of the general partners of J. H. Whitney & Co. are as follows: Michael C. Brooks, Peter M. Castleman, Jeffrey R. Jay, William Laverack, Jr., Ray E. Newton, III, Daniel J. O'Brien, Michael R. Stone and Whitney General Partner, L.L.C., the business address of each of whom is 177 Broad Street, Stamford, CT 06901. (ii) Whitney 1990 Equity Fund, L.P., a Delaware limited partnership. The names and business addresses of the general partners of Whitney 1990 Equity Fund, L.P. are as follows: Michael C. Brooks, Peter M. Castleman, Jeffrey R. Jay, William Laverack, Jr., Ray E. Newton, III, Daniel J. O'Brien and Michael R. Stone, the business address of each of whom is 177 Broad Street, Stamford, CT 06901. (iii) Whitney Subordinated Debt Fund, L.P., a Delaware limited partnership. The names and business addresses of the general partners of Whitney Subordinated Debt Fund, L.P. are as follows: Michael C. Brooks, Peter M. Castleman, James H. Fordyce, Jeffrey R. Jay, William Laverack, Jr., Ray E. Newton, III, Daniel J. O'Brien and Michael R. Stone, the business address of each of whom is 177 Broad Street, Stamford CT 06901. Item 2(b). Address of Principal Business Office or, if none, Residence: (i) J. H. Whitney & Co. 177 Broad Street Stamford, CT 06901 (ii) Whitney 1990 Equity Fund, L.P. 177 Broad Street Stamford, CT 06901 6 Page 6 of 9 Pages (iii) Whitney Subordinated Debt Fund, L.P. 177 Broad Street Stamford, CT 06901 Item 2(c). Citizenship: (i) J. H. Whitney & Co. is a New York limited partnership. All of its individual general partners are citizens of the United States. Whitney General Partner, L.L.C. is a Delaware limited liability company. (ii) Whitney 1990 Equity Fund, L.P. is a Delaware limited partnership. All of its general partners are citizens of the United States. (iii) Whitney Subordinated Debt Fund, L.P. is a Delaware limited partnership. All of its general partners are citizens of the United States. Item 2(d). Title of Class of Securities: Common Stock. Item 2(e). CUSIP Number: 858119100 Item 3. Inapplicable. Item 4. Ownership: The following information is provided as of December 31, 1997: (a) Amount Beneficially Owned: (i) J. H. Whitney & Co. is the beneficial owner of 0 shares.1/ - -------- 1/ The figure for the amount beneficially owned by each of J.H. Whitney & Co., Whitney 1990 Equity Fund, L.P. and Whitney Subordinated Debt Fund, L.P. does not include the following shares of Common Stock owned by the general partners of J.H. Whitney & Co., Whitney 1990 Equity Fund, L.P. and Whitney Subordinated Debt Fund, L.P., with respect to all of which J.H. Whitney & Co., Whitney 1990 Equity Fund, L.P. and Whitney Subordinated Debt Fund, L.P. disclaim beneficial ownership: (i) Michael C. Brooks - 65,548 shares; (ii) Peter M. Castleman - 88,269 shares; (iii) William Laverack, Jr. - 43,713 shares; (continued...) 7 Page 7 of 9 Pages (ii) Whitney 1990 Equity Fund, L.P. is the beneficial owner of 0 shares.1 (iii) Whitney Subordinated Debt Fund, L.P. is the beneficial owner of 0 shares.1 (b) Percent of Class: 0.00% for J. H. Whitney & Co.; 0.00% for Whitney 1990 Equity Fund, L.P.; and 0.00% for Whitney Subordinated Debt Fund, L.P. (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 shares for J. H. Whitney & Co.; 0 shares for Whitney 1990 Equity Fund, L.P.; and 0 shares for Whitney Subordinated Debt Fund, L.P. (ii) shared power to vote or to direct the vote: 0 shares for J. H. Whitney & Co.; 0 shares for Whitney 1990 Equity Fund, L.P.; and 0 shares for Whitney Subordinated Debt Fund, L.P. (iii) sole power to dispose or to direct the disposition of: 0 shares for J. H. Whitney & Co.; 0 shares for Whitney 1990 Equity Fund, L.P.; and 0 shares for Whitney Subordinated Debt Fund, L.P. - ------------------------------- (...continued) (iv) Ray E. Newton, III - 20,760 shares; (v) Daniel J. O'Brien - 12,478 shares; and (vi) Michael R. Stone - 19,323 shares. In addition, the figure for the amount beneficially owned by Whitney Subordinated Debt Fund, L.P. also does not include 8,006 shares of Common Stock owned by James H. Fordyce, a general partner of Whitney Subordinated Debt Fund, L.P. J. H. Whitney & Co., Whitney 1990 Equity Fund, L.P. and Whitney Subordinated Debt Fund, L.P. disclaim the existence of a group with respect to the Common Stock of the Issuer, and each disclaims beneficial ownership of the shares of Common Stock owned by the others. 8 Page 8 of 9 Pages (iv) shared power to dispose or to direct the disposition of: 0 shares for J. H. Whitney & Co.; 0 shares for Whitney 1990 Equity Fund, L.P.; and 0 shares for Whitney Subordinated Debt Fund, L.P. Item 5. Ownership of Five Percent or Less of a Class: As of the date hereof, the reporting persons are not the beneficial owners of more than five percent of the issuer's Common Stock. Item 6. Ownership of More than Five Percent on Behalf of Another Person: No other person has the right to receive or the power to direct the receipt of dividends from, or proceeds from the sale of, the securities owned by J. H. Whitney & Co., Whitney 1990 Equity Fund, L.P. and Whitney Subordinated Debt Fund, L.P. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company: Inapplicable. Item 8. Identification and Classification of Members of the Group: Inapplicable. Item 9. Notice of Dissolution of Group: Inapplicable. Item l0. Certification: Inapplicable. 9 Page 9 of 9 Pages After reasonable inquiry and to the best of its knowledge and belief, each of J. H. Whitney & Co., Whitney 1990 Equity Fund, L.P. and Whitney Subordinated Debt Fund, L.P. certifies that the information set forth in this statement is true, complete and correct. Dated: February 9, 1998 J. H. WHITNEY & CO. By: /s/ Daniel J. O'Brien --------------------------- Daniel J. O'Brien General Partner WHITNEY 1990 EQUITY FUND, L.P. By: /s/ Daniel J. O'Brien --------------------------- Daniel J. O'Brien General Partner WHITNEY SUBORDINATED DEBT FUND, L.P. By: /s/ Daniel J. O'Brien --------------------------- Daniel J. O'Brien General Partner -----END PRIVACY-ENHANCED MESSAGE-----