-----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, Ck4/jBcSsHahgp+rEXMBWb7n8qdW6vPTzq7YIeUMjTUY2zW12zdHV1LqSE2Xt37H 5qstChefcvBAt303jhAOHA== 0000927016-98-000660.txt : 19980218 0000927016-98-000660.hdr.sgml : 19980218 ACCESSION NUMBER: 0000927016-98-000660 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980217 SROS: NYSE GROUP MEMBERS: DANIEL W. MACDONALD TRUST 1988 GROUP MEMBERS: EVELYN C. MACDONALD FAMILY TRUST FOR D MACDONALD GROUP MEMBERS: MACDONALD DANIEL W SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MAC-GRAY CORP CENTRAL INDEX KEY: 0001038280 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PERSONAL SERVICES [7200] IRS NUMBER: 043361982 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-53449 FILM NUMBER: 98542663 BUSINESS ADDRESS: STREET 1: 22 WATER ST CITY: CAMBRIDGE STATE: MA ZIP: 02141 BUSINESS PHONE: 6174924040 MAIL ADDRESS: STREET 1: 22 WATER STREET CITY: CAMBRIDGE STATE: MA ZIP: 02141 FORMER COMPANY: FORMER CONFORMED NAME: MAC GRAY INC DATE OF NAME CHANGE: 19970424 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MACDONALD DANIEL W CENTRAL INDEX KEY: 0001055346 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: C/O MAC-GRAY CORP STREET 2: 22 WATER ST CITY: CAMBRIDGE STATE: MA ZIP: 02141 BUSINESS PHONE: 6174924040 MAIL ADDRESS: STREET 1: C/O MAC-GRAY CORP STREET 2: 22 WATER ST CITY: CAMBRIDGE STATE: MA ZIP: 02141 SC 13G 1 SCHEDULE 13G Page 1 of 14 Pages UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. ___ )* Mac-Gray Corporation ------------------------------------------------ (Name of Issuer) Common Stock, $.01 par value ----------------------------------------------- (Title of Class of Securities) 554153-10-6 ------------------ (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 the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No.554153-10-6 13G Page 2 of 14 Pages 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Daniel W. MacDonald 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 455,933 6 SHARED VOTING POWER 1,100,000 7 SOLE DISPOSITIVE POWER 455,933 8 SHARED DISPOSITIVE POWER 1,666,667 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,122,600 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [X] See Item 4. 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 18.3% (Based upon 11,579,826 shares of Common Stock reported issued and outstanding in the issuer's latest 10-Q.) 12 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 554153-10-6 13G Page 3 of 14 Pages 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Evelyn C. MacDonald Family Trust for the benefit of Daniel W. MacDonald 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 566,667 6 SHARED VOTING POWER 7 SOLE DISPOSITIVE POWER 566,667 8 SHARED DISPOSITIVE POWER 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 566,667 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [X] See Item 4. 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 4.9% (Based upon 11,579,826 shares of Common Stock reported issued and outstanding in the issuer's latest 10-Q.) 12 TYPE OF REPORTING PERSON* OO (Trust) *SEE INSTRUCTION BEFORE FILLING OUT! CUSIP No. 554153-10-6 13G Page 4 of 14 Pages 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Daniel W. MacDonald Trust 1988 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 1,100,000 6 SHARED VOTING POWER 7 SOLE DISPOSITIVE POWER 1,100,000 8 SHARED DISPOSITIVE POWER 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,100,000 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [X] See Item 4. 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.5% (Based upon 11,579,826 shares of Common Stock reported issued and outstanding in the issuer's latest 10-Q.) 12 TYPE OF REPORTING PERSON* OO (Trust) *SEE INSTRUCTION BEFORE FILLING OUT! Page 5 of 14 Pages STATEMENT ON SCHEDULE 13G Item 1(a). Name of Issuer: -------------- Mac-Gray Corporation Item 1(b). Address of Issuer's Principal Executive Offices: ----------------------------------------------- 22 Water Street Cambridge, MA 02141 Item 2(a). Names of Persons Filing: ----------------------- 1. Daniel W. MacDonald 2. The Evelyn C. MacDonald Family Trust for the benefit of Daniel W. MacDonald 3. The Daniel W. MacDonald Trust 1988 The persons enumerated in this Item 2(a) are sometimes hereinafter referred to individually as a "Reporting Person" and collectively as the "Reporting Persons." Pursuant to the filing of this Schedule 13G, the Reporting Persons have executed that certain Joint Filing Agreement attached as Exhibit B hereto. --------- Item 2(b). Business Mailing Address for all Reporting Persons: -------------------------------------------------- c/o Mac-Gray Corporation 22 Water Street Cambridge, MA 02141 Item 2(c). Citizenship: ----------- Each reporting person who is an individual has United States citizenship. Each reporting person that is a trust is incorporated within the Commonwealth of Massachusetts. Item 2(d). Title of Class of Securities: ---------------------------- Common Stock, $.01 Par Value Item 2(e). CUSIP Number: 554153-10-6 ------------ Page 6 of 14 Pages Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), ------------------------------------------------------------------- check whether the person filing is a: ------------------------------------ Not Applicable Item 4. Ownership: --------- A total of 11,579,826 shares of Common Stock in Mac-Gray Corporation (the "Company") were reported in the Company's Form 10-Q for the period ended September 30, 1997 (SEC File Number 1-13495) as issued and outstanding as of the close of business on October 31, 1997. Statements describing the aggregate amounts of such Common Stock beneficially owned by each Reporting Person, and the number of such shares as to which such Reporting Person has (i) sole voting power, (ii) shared voting power, (iii) sole dispository power, and (iv) shared dispository power are made in the Tables listed in Exhibit A attached hereto. The percentage of the class of --------- Common Stock represented by the aggregate amount of shares beneficially owned by each respective Reporting Person is as indicated on Item 9. of the cover page for each such Reporting Person included in this Schedule. Background Information for Item 4. Each Reporting Person, either in --------------------------------- its capacity as direct owner of Common Stock or as settlor, trustee or beneficiary (as the case may be) of certain trusts (described further below) that hold Common Stock, has voting and or dispository power over shares of Common Stock held subject to the terms of a stockholders' agreement dated as of April 17, 1997 (the "First Stockholders' Agreement") and a stockholders' agreement dated as of June 26, 1997 (the "Second Stockholders' Agreement") (both agreements collectively, the "Stockholders' Agreements"). The First Stockholders' Agreement and the Second Stockholders' Agreement are filed as Exhibits 10.1 and 10.2 (respectively) to the Company's Form S-1 Registration Statement, as amended, filed with the Securities and Exchange Commission (File No. 333-3369), (the "Registration Statement") pursuant to the Securities Act of 1933, as amended. Given the terms of the Stockholders' Agreements (as described below), the Reporting Persons and the other persons party thereto might be deemed to constitute a "group" holding beneficial ownership of an aggregate total of 6,979,826 shares amounting to 60.3% of the Company's Common Stock for purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended. However, each Reporting Person disclaims that such Person has agreed to act as a group with the other parties to the Stockholders' Agreements (other than to the extent described in this statement) and such Person disclaims beneficial ownership of shares of Common Stock of the Company other than the amounts of shares reported for each respective Reporting Person in Exhibit A attached hereto. --------- The parties to the First Stockholders' Agreement are the Company and its stockholders Mr. Stewart G. MacDonald, Jr., Ms. Sandra E. MacDonald, Mr. Daniel W. MacDonald, Mr. Jeffrey C. Huenink, The Evelyn C. MacDonald Family Trust for Page 7 of 14 Pages the benefit of Stewart G. MacDonald, Jr., The Evelyn C. MacDonald Family Trust for the benefit of Sandra E. MacDonald, The Evelyn C. MacDonald Family Trust for the benefit of Daniel W. MacDonald(1), The Stewart G. MacDonald, Jr. 1984 Trust, The Daniel W. MacDonald Trust 1988(2), the New Century Trust, The Whitney E. MacDonald GST Trust-1997, The Jonathan S. MacDonald GST Trust-1997, The Robert C. MacDonald GST Trust-1997, The Whitney E. MacDonald Gift Trust, The Jonathan S. MacDonald Gift Trust, The Robert C. MacDonald Gift Trust, Cynthia V. Doggett and certain other holders (who hold in aggregate a de minimis fraction of the issued and outstanding Common Stock). The stockholders party to the First Stockholders' Agreement, who hold in aggregate 6,979,826 shares amounting to 60.3% of the issued and outstanding Common Stock, entered into that agreement pursuant to the Company's April, 1997 acquisition of Sun Services of America, Inc., a former Florida corporation formerly owned by Mr. Huenink. The First Stockholders' Agreement grants Mr. Huenink certain demand and "piggy-back" registration rights, along with the right (subject to certain conditions) to require the Company to repurchase up to 612,026 shares held by Mr. Huenink. The First Stockholders' Agreement also contains a provision requiring each stockholder party thereto to vote their respective shares in favor of Mr. Huenink's election to the Company's Board of Directors until the earliest to occur of April 17, 1999 or such time as Mr. Huenink ceases to hold five percent of the outstanding shares of Common Stock (the "Voting Clause"). Mr. Huenink has served as a Director of the Company since April, 1997 and continues to serve as such. Mr. Heunink's current term as Director does not expire until the date of the Company's 1999 annual meeting of stockholders. It is currently anticipated that the Voting Clause will expire by its own terms before the expiry of Mr. Heunink's current term as a Director of the Company. The parties to the Second Stockholders' Agreement are the Company and its stockholders Mr. Stewart G. MacDonald, Jr., Ms. Sandra E. MacDonald, Mr. Daniel W. MacDonald, The Evelyn C. MacDonald Family Trust for the benefit of Stewart G. MacDonald, Jr., The Evelyn C. MacDonald Family Trust for the benefit of Sandra E. MacDonald, The Evelyn C. MacDonald Family Trust for the benefit of Daniel W. MacDonald (1), The Stewart G. MacDonald, Jr. 1984 Trust, The Daniel W. MacDonald Trust 1988(2), the New Century Trust, The Whitney E. MacDonald GST Trust-1997, The Jonathan S. MacDonald GST Trust-1997, The Robert C. MacDonald GST Trust-1997, The Whitney E. MacDonald Gift Trust, The Jonathan S. MacDonald Gift Trust, The Robert C. MacDonald Gift Trust, Cynthia V. Doggett and certain other holders (who hold in aggregate a de minimis fraction of the issued and outstanding shares of the Company). The Second Stockholders' Agreement gives the parties thereto ((who in aggregate hold 6,367,800 shares amounting to 55% of the issued and Page 8 of 14 Pages outstanding Common Stock) rights of first offer to purchase shares offered for sale by another stockholder who is a party thereto, as well as providing the Company with rights of second offer to purchase such shares. The Second Stockholders' Agreement also conveys certain demand and "piggy- back" registration rights to the parties thereto. Footnotes to Item 4: ------------------- (1) The trustees of The Evelyn C. MacDonald Family Trust for the benefit of Daniel W. MacDonald (the "DWM Trust") are Patrick A Flanagan, R. Robert Woodburn, Jr., Peter C. Bennett (collectively, the "Independent Trustees") and Daniel W. MacDonald, who is also the sole beneficiary of the DWM Trust. Only the Independent Trustees exercise and share voting power over the shares of Common Stock held by the DWM Trust. Each of the Independent Trustees and Daniel W. MacDonald share power to dispose of the shares held by the DWM Trust. The settlor of the DWM Trust is Evelyn C. MacDonald, who retains the right to replace shares of Common Stock held by the Trust with property of equivalent value. (2) The trustees of The Daniel W. MacDonald Trust 1988 (the "DWM 1988 Trust") are Daniel W. MacDonald, its sole beneficiary, and Sandra E. MacDonald, each of whom shares voting and dispository power over the shares held by the DWM 1988 Trust. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] Page 9 of 14 Pages 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 10 of 14 Pages Signatures ---------- After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: February 17, 1998 /s/ Daniel W. MacDonald _____________________________________________ Daniel W. MacDonald, individually and as Trustee of the Evelyn C. MacDonald Family Trust f/b/o Daniel W. MacDonald and as Trustee of the Daniel W. MacDonald Trust 1988 The Evelyn C. MacDonald Family Trust for the benefit of Daniel W. MacDonald By: /s/ Daniel W. MacDonald _____________________________________________ Daniel W. MacDonald, Trustee The Daniel W. MacDonald Trust 1988 By: /s/ Daniel W. MacDonald _____________________________________________ Daniel W. MacDonald, Trustee Page 11 of 14 Pages EXHIBIT A - ---------
- ------------------------------------------------------------------------------------------------------------------------------------ NAME: Daniel W. MacDonald - ------------------------------------------------------------------------------------------------------------------------------------ COMMON FORM OF BENEFICIAL OWNERSHIP BENEFICIAL STOCK OWNERSHIP DISCLAIMED - ------------------------------------------------------------------------------------------------------------------------------------ Sole Voting 455,933 Direct NO Power - ------------------------------------------------------------------------------------------------------------------------------------ Total Sole 455,933 Voting Power - ------------------------------------------------------------------------------------------------------------------------------------ Shared 1,100,000 By the Daniel W. MacDonald Trust 1988 as co-trustee and beneficiary NO Voting Power - ------------------------------------------------------------------------------------------------------------------------------------ Total 1,100,000 Shared Voting Power - ------------------------------------------------------------------------------------------------------------------------------------ Sole 455,933 NO Dispositive Power - ------------------------------------------------------------------------------------------------------------------------------------ Total Sole 455,933 Dispositive Power - ------------------------------------------------------------------------------------------------------------------------------------ Shared 566,667 By the Evelyn C. MacDonald Family Trust f/b/o Daniel W. MacDonald as NO co-trustee and beneficiary Dispositive 1,100,000 By the Daniel W. MacDonald Trust 1988 as co-trustee and beneficiary NO Power - ------------------------------------------------------------------------------------------------------------------------------------ Total 1,666,667 Shared Dispositive Power - ------------------------------------------------------------------------------------------------------------------------------------ Aggregated Beneficial Ownership: 2,122,600 - ------------------------------------------------------------------------------------------------------------------------------------
Page 12 of 14 Pages
- ------------------------------------------------------------------------------------------------------------------------------------ NAME: The Evelyn C. MacDonald Family Trust for the benefit of Daniel W. MacDonald - ------------------------------------------------------------------------------------------------------------------------------------ COMMON FORM OF BENEFICIAL OWNERSHIP BENEFICIAL STOCK OWNERSHIP DISCLAIMED - ------------------------------------------------------------------------------------------------------------------------------------ Sole Voting 566,667 Direct NO Power - ----------------------------------------------------------------------------------------------------------------------------------- Total Sole 566,667 Voting Power - ------------------------------------------------------------------------------------------------------------------------------------ Shared Voting Power - ------------------------------------------------------------------------------------------------------------------------------------ Total Shared Voting Power - ------------------------------------------------------------------------------------------------------------------------------------ Sole 566,667 Direct NO Dispositive Power - ------------------------------------------------------------------------------------------------------------------------------------ Total Sole 566,667 Dispositive Power - ------------------------------------------------------------------------------------------------------------------------------------ Shared Dispositive Power - ------------------------------------------------------------------------------------------------------------------------------------ Total Shared Dispositive Power - ------------------------------------------------------------------------------------------------------------------------------------ Aggregated Beneficial Ownership: 566,667 - ------------------------------------------------------------------------------------------------------------------------------------
Page 13 of 14 Pages
- ------------------------------------------------------------------------------------------------------------------------------------ NAME: Daniel W. MacDonald Trust 1988 - ------------------------------------------------------------------------------------------------------------------------------------ COMMON FORM OF BENEFICIAL OWNERSHIP BENEFICIAL STOCK OWNERSHIP DISCLAIMED - ------------------------------------------------------------------------------------------------------------------------------------ Sole Voting 1,100,000 Direct NO Power - ------------------------------------------------------------------------------------------------------------------------------------ Total Sole 1,100,000 Voting Power - ------------------------------------------------------------------------------------------------------------------------------------ Shared Voting Power - ------------------------------------------------------------------------------------------------------------------------------------ Total Shared Voting Power - ------------------------------------------------------------------------------------------------------------------------------------ Sole 1,100,000 Direct NO Dispositive Power - ------------------------------------------------------------------------------------------------------------------------------------ Total Sole 1,100,000 Dispositive Power - ------------------------------------------------------------------------------------------------------------------------------------ Shared Dispositive Power - ------------------------------------------------------------------------------------------------------------------------------------ Total Shared Dispositive Power - ------------------------------------------------------------------------------------------------------------------------------------ Aggregated Beneficial Ownership: 1,100,000 - ------------------------------------------------------------------------------------------------------------------------------------
Page 14 of 14 Pages EXHIBIT B - --------- JOINT FILING AGREEMENT ---------------------- This will confirm the agreement by Daniel W. MacDonald, The Evelyn C. MacDonald Family Trust for the benefit of Daniel W. MacDonald, and The Daniel W. MacDonald Trust 1988 (collectively, the "Reporting Persons") in connection with that certain Schedule 13G to be filed on or about February 14, 1998, with respect to the common stock, par value $.01 per share (the "Common Stock"), of Mac-Gray Corporation (the "Company") pertaining to the beneficial ownership by the Reporting Persons of shares of such Common Stock (the "Schedule 13G"). The undersigned hereby agree with respect to such filing on Schedule 13G as follows: (i) No Reporting Person nor any representative of any Reporting Person makes any representation with respect to, nor bears any responsibility for, any of the information set forth with respect to any other "person" who or which is or becomes a party to or a member of any "group" (as such terms are defined and used in Section 13(g) of the Securities Exchange Act of 1934, as amended, and Regulation 13D-G promulgated thereunder) for whom or which information is included in such Schedule 13G. (ii) Subject to paragraph (i) above, the undersigned hereby confirm the agreement by and among each of them that the Schedule 13G is being filed on behalf of each of the parties named below. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Dated: February 17, 1998 /s/ Daniel W. MacDonald __________________________________________________ Daniel W. MacDonald, individually and as Trustee of the Evelyn C. MacDonald Family Trust f/b/o Daniel W. MacDonald and as Trustee of the Daniel W. MacDonald Trust 1988 The Evelyn C. MacDonald Family Trust for the benefit of Daniel W. MacDonald By: /s/ Daniel W. MacDonald __________________________________________________ Daniel W. MacDonald, Trustee The Daniel W. MacDonald Trust 1988 By: /s/ Daniel W. MacDonald __________________________________________________ Daniel W. MacDonald, Trustee -----END PRIVACY-ENHANCED MESSAGE-----