-----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, UU7bne7u871CNa6KX/WGA5jk6OwWInEteSqswRdg35Uqq5Cs6+th/vup2jxcuq3i 0OG4riE3dmhr7D08b2yAOQ== 0000020405-99-000086.txt : 19990524 0000020405-99-000086.hdr.sgml : 19990524 ACCESSION NUMBER: 0000020405-99-000086 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19990521 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EMCOR GROUP INC CENTRAL INDEX KEY: 0000105634 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL WORK [1731] IRS NUMBER: 112125338 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-12871 FILM NUMBER: 99631851 BUSINESS ADDRESS: STREET 1: 101 MERRITT SEVEN CORPORATE PK STREET 2: 7TH FLOOR CITY: NORWALK STATE: CT ZIP: 06851 BUSINESS PHONE: 2038497800 MAIL ADDRESS: STREET 1: 101 MERRITT SEVEN CORPORATE PARK STREET 2: 7TH FLOOR CITY: NORWALK STATE: CT ZIP: 06851 FORMER COMPANY: FORMER CONFORMED NAME: JWP INC/DE/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: JAMAICA WATER PROPERTIES INC DATE OF NAME CHANGE: 19860518 FORMER COMPANY: FORMER CONFORMED NAME: WELSBACH CORP DATE OF NAME CHANGE: 19761119 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CITIGROUP INC CENTRAL INDEX KEY: 0000831001 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 521568099 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 250 WEST ST STREET 2: 7TH FL CITY: NEW YORK STATE: NY ZIP: 10013 BUSINESS PHONE: 2125591000 MAIL ADDRESS: STREET 1: 250 WEST ST STREET 2: 7TH FL CITY: NEW YORK STATE: NY ZIP: 10013 FORMER COMPANY: FORMER CONFORMED NAME: TRAVELERS GROUP INC DATE OF NAME CHANGE: 19950519 FORMER COMPANY: FORMER CONFORMED NAME: TRAVELERS INC DATE OF NAME CHANGE: 19940103 FORMER COMPANY: FORMER CONFORMED NAME: PRIMERICA CORP /NEW/ DATE OF NAME CHANGE: 19920703 SC 13D 1 SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. )* -------------------- EMCOR GROUP, INC. (Name of Issuer) Common Stock, $.01 par value (Title of Class of Securities) 29084Q-10-0 (CUSIP Number) Stephanie B. Mudick General Counsel - Corporate Law Citigroup Inc. 153 East 53rd Street New York, NY 10043 (212) 559-1000 (Name, address and telephone number of person authorized to receive notices and communications) May 7, 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 [ X ]. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. - ------------------------ * 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 purposes 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. 29084Q100 Page 2 of 17 Pages - ------------------------ ------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Salomon Brothers Asset Management Inc - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF --------------------------------------------------------------- SHARES 8 SHARED VOTING POWER 827,260* BENEFICIALLY OWNED BY --------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER 0 REPORTING --------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 827,260* - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 827,260* - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.9%* - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IA - -------------------------------------------------------------------------------- * Assumes conversion of certain securities held. - ------------------------ ------------------- CUSIP No. 29084Q100 Page 3 of 17 Pages - ------------------------ ------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Salomon Brothers Holding Company Inc - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF --------------------------------------------------------------- SHARES 8 SHARED VOTING POWER 827,266* BENEFICIALLY OWNED BY --------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER 0 REPORTING --------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 827,266* - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 827,266* - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.9%* - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO - -------------------------------------------------------------------------------- * Assumes conversion of certain securities held. - ------------------------ ------------------- CUSIP No. 29084Q100 Page 4 of 17 Pages - ------------------------ ------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Salomon Smith Barney Holdings Inc. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF --------------------------------------------------------------- SHARES 8 SHARED VOTING POWER 933,409* BENEFICIALLY OWNED BY --------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER 0 REPORTING --------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 933,409* - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 933,409* - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.0%* - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) HC - -------------------------------------------------------------------------------- * Assumes conversion of certain securities held. - ------------------------ ------------------- CUSIP No. 29084Q100 Page 5 of 17 Pages - ------------------------ ------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Citigroup Inc. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 0 NUMBER OF --------------------------------------------------------------- SHARES 8 SHARED VOTING POWER 1,262,597* BENEFICIALLY OWNED BY --------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER 0 REPORTING --------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 1,262,597* - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,262,597* - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.7%* - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) HC - -------------------------------------------------------------------------------- * Assumes conversion of certain securities held. Item 1. Security and Issuer. This statement on Schedule 13D is being filed with respect to shares of Common Stock, $.01 par value each (the "Common Stock") of Emcor Group, Inc., a Delaware corporation (the "Issuer"), which has its principal executive office at 101 Merritt Seven Corporate Park, Norwalk, CT 06851. Item 2. Identity and Background. This statement on Schedule 13D is being filed by Salomon Brothers Asset Management Inc ("SBAM"), Salomon Brothers Holding Company Inc ("SBHC"), Salomon Smith Barney Holdings Inc. ("SSBH"), and Citigroup Inc. ("Citigroup") (together, the "Reporting Persons"). (a), (b), (c) and (f) SBAM is a Delaware corporation. The address of its principal business office is 388 Greenwich Street, New York, NY 10013. SBAM is a registered investment adviser providing asset management services to registered investment companies, individuals and institutions. SBHC is a Delaware corporation and is the sole stockholder of SBAM. SBHC is a swap dealer that deals in swaps and certain OTC instruments, engages in lending and holds certain investments. The address of its principal business office is 388 Greenwich Street, New York, NY 10013. SSBH is a Delaware corporation and is the sole stockholder of SBHC. SSBH engages in no direct activities. The address of its principal business office is 388 Greenwich Street, New York, NY 10013. Citigroup is a Delaware corporation and is the sole stockholder of SSBH. The principal executive offices of Citigroup are located, and the principal business is conducted, at 153 East 53rd Street, New York, NY 10043. Citigroup is a diversified holding company whose businesses provide a broad range of financial services to consumer and corporate customers around the world. Citigroup's activities are conducted through its Global Consumer, Global Corporate and Investment Bank, Asset Management, and Investment Activities segments. A joint filing agreement of the Reporting Persons is attached hereto as Exhibit 1. The names, citizenship, business addresses and principal occupations or employments of each of the executive officers and directors of SBAM and Citigroup are set forth in Annexes A and B, which are incorporated herein by reference. (d) and (e) During the last five years, none of the Reporting Persons nor, to the best knowledge of the Reporting Persons, any of the persons listed in Annexes A or B hereto, have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or have been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding were or are subject to any material Page 6 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. Item 3. Source and Amount of Funds or Other Consideration. The source of funds for the purchases of the Common Stock and Convertible Securities (as defined in Item 5 below) was working capital of SBAM and the other Citigroup subsidiaries that purchased the subject securities. The aggregate purchase prices of Common Stock purchased during the past 60 days are shown on Annex C hereto, which is incorporated herein by reference. Item 4. Purpose of Transaction. The Common Stock and Convertible Securities reported herein as beneficially owned by the Reporting Persons were purchased for investment purposes, for third party accounts or mutual funds managed by Citigroup's subsidiaries or as part of a convertible arbitrage strategy. The subsidiaries of Citigroup review their respective holdings of Issuer securities on a continuing basis. Depending on such evaluations of the Issuer's business and prospects, and upon future developments (including, but not limited to, market prices of the Common Stock and Convertible Securities and availability and alternative uses of funds, as well as conditions in the securities markets and general economic and industry conditions), each Citigroup subsidiary may acquire other securities of the Issuer (except in contravention of Rule 13d-1(e)(2)) or sell all or a portion of its Common Stock or Convertible Securities or other securities of the Issuer, now owned or hereafter acquired. Except as otherwise described herein, the Reporting Persons, and to the best knowledge of any of the Reporting Persons, any person identified on Annexes A or B hereto, do not have any plans or proposals relating to or which would result in any of the transactions described in Items 4 (a)-(j) of Schedule 13D. Item 5. Interest in Securities of the Issuer. (a) and (b) As of May 17, 1999, SBAM may be deemed to beneficially own 827,260 shares of Common Stock, which includes 758,960 shares of Common Stock issuable upon conversion of certain convertible securities (the "Convertible Securities"), representing 7.9% of the outstanding shares of such class (based on 9,667,003 shares of Common Stock outstanding as of April 30, 1999); SBHC may be deemed to beneficially own 827,266 shares of Common Stock, which includes 758,966 shares of Common Stock issuable upon conversion of Convertible Securities, representing 7.9% of the outstanding shares of such class; SSBH, exclusively through its holding company structure, may be deemed to beneficially own 933,409 shares of Common Stock, which includes 761,709 shares of Common Stock issuable upon conversion of Convertible Securities, representing 9.0% of the outstanding shares of such class; and Citigroup, exclusively through its holding company structure, may be deemed to beneficially own 1,262,597 shares of Common Stock, which includes 1,090,897 shares of Common Stock Page 7 issuable upon conversion of Convertible Securities, representing 11.7% of the outstanding shares of such class. Except as set forth or incorporated by reference herein, none of the Reporting Persons or, to the best knowledge of the Reporting Persons, the persons listed in Annexes A and B hereto, beneficially owned any Common Stock or Convertible Securities. (c) The dates, number of shares and prices per share for all purchases and sales of Common Stock and Convertible Securities by subsidiaries of Citigroup from March 7, 1999 through May 17, 1999 are shown on Annex C hereto, which is incorporated herein by reference. Annex C does not include purchases and sales made for third party accounts or mutual funds. All such purchases and sales of Common Stock and Convertible Securities were effected in the over-the-counter market. (d) and (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. None of Citigroup or, to the best knowledge of Citigroup, the persons listed in Annex A or B hereto, has any contracts, arrangements, understandings or relationships (legal or otherwise) with any person with respect to securities of the Issuer. Item 7. Material To Be Filed As Exhibits. 1. Joint Filing Agreement, dated as of May 17, 1999, by and among SBAM, SBHC, SSBH and Citigroup. Page 8 ANNEXES A. Executive Officers and Directors of Salomon Brothers Asset Management Inc. B. Executive Officers and Directors of Citigroup Inc. C. Description of Purchases and Sales of Common Stock and Convertible Securities by subsidiaries of Citigroup from March 7, 1999 through May 17, 1999. Page 9 SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: May 17, 1999 SALOMON BROTHERS ASSET MANAGEMENT INC By: /s/ Howard M. Darmstadter ------------------------- Name: Howard M. Darmstadter Title: Assistant Secretary SALOMON BROTHERS HOLDING COMPANY INC By: /s/ Howard M. Darmstadter ------------------------- Name: Howard M. Darmstadter Title: Assistant Secretary SALOMON SMITH BARNEY HOLDINGS INC. By: /s/ Howard M. Darmstadter ------------------------- Name: Howard M. Darmstadter Title: Assistant Secretary CITIGROUP INC. By: /s/ Marla Berman Lewitus ------------------------ Name: Marla Berman Lewitus Title: Assistant Secretary Page 10 ANNEX A EXECUTIVE OFFICERS AND DIRECTORS OF SALOMON BROTHERS ASSET MANAGEMENT INC Name, Title and Citizenship Principal Occupation and Business Address - --------------------------- ----------------------------------------- Thomas W. Brock Chairman & Chief Executive Officer Director & Chief Executive Salomon Brothers Asset Management Inc Officer (USA) 388 Greenwich Street New York, New York 10013 Vilas V. Gadkari Vice President Director & Vice President Salomon Brothers Asset Management Inc (USA) 388 Greenwich Street New York, New York 10013 James J. Lee Vice President Director & Vice President Salomon Brothers Asset Management Inc (USA) 388 Greenwich Street New York, New York 10013 Page 11 ANNEX B EXECUTIVE OFFICERS AND DIRECTORS OF CITIGROUP INC. Name, Title and Citizenship Principal Occupation and Business Address - --------------------------- ----------------------------------------- C. Michael Armstrong Chairman & Chief Executive Officer Director (USA) AT&T Corp. 295 North Maple Avenue Basking Ridge, New Jersey 07920 Alain J.P. Belda President & Chief Operations Officer Director (Brazil) Aluminum Company of America (Alcoa) 201 Isabella Street, Room 6J12 Pittsburgh, Pennsylvania 15212-5858 Kenneth J. Bialkin Partner Director (USA) Skadden, Arps, Slate, Meagher & Flom LLP 919 Third Avenue New York, New York 10022 Kenneth T. Derr Chairman & Chief Executive Officer Director (USA) Chevron Corporation 575 Market Street San Francisco, California 94105 John M. Deutch Institute Professor Director (USA) Massachusetts Institute of Technology 77 Massachusetts Avenue, Room 6-208 Cambridge, Massachusetts 02139 Ann Dibble Jordan Consultant & Former Director of Social Director (USA) Services, The University of Chicago Medical Center 2904 Benton Place, NW Washington, DC 20008 Reuben Mark Chairman & Chief Executive Officer Director (USA) Colgate-Palmolive Company 300 Park Avenue New York, New York 10022-7499 Page 12 Michael T. Masin Vice Chairman, President-International & Director (USA) Director GTE Corporation One Stamford Forum Stamford, Connecticut 06904 Dudley C. Mecum Managing Director Director (USA) Capricorn Management 30 East Elm Street Greenwich, Connecticut 06830 Richard D. Parsons President Director (USA) Time Warner, Inc. 75 Rockefeller Plaza, 29th Floor New York, New York 10019 Andrall E. Pearson Chairman & Chief Executive Officer Director (USA) Tricon Global Restaurants, Inc. 660 Steamboat Road Greenwich, Connecticut 06830 John S. Reed Chairman & Co-Chief Executive Officer Director & Executive Officer Citigroup Inc. (USA) 153 East 53rd Street New York, New York 10043 Robert B. Shapiro Chairman & Chief Executive Officer Director (USA) Monsanto Company 800 North Lindbergh Blvd. Mail Zone D1S St. Louis, Missouri 63167 Franklin A. Thomas Lawyer/Consultant & Former President, Director (USA) The Ford Foundation 595 Madison Avenue, 33rd Floor New York, New York 10022 Sanford I. Weill Chairman & Co-Chief Executive Officer Director & Executive Officer Citigroup Inc. (USA) 153 East 53rd Street New York, New York 10043 Page 13 Edgar S. Woolard, Jr. Former Chairman & Chief Executive Officer Director (USA) E.I. du Pont de Nemours & Company 1007 Market Street Wilmington, Delaware 19898 Arthur Zankel General Partner Director (USA) First Manhattan Company 437 Madison Avenue New York, New York 10022 The Honorable Gerald R. Ford Former President of the United States Honorary Director (USA) Post Office Box 927 Rancho Mirage, California 92270 Michael A. Carpenter Co-Chief Executive Officer Executive Officer (USA) Global Corporate and Investment Bank of Citigroup Inc. 388 Greenwich Street New York, New York 10013 Paul J. Collins Vice Chairman Executive Officer (USA) Citigroup Inc. 153 East 53rd Street New York, New York 10043 Edward D. Horowitz e-Citi Executive Officer (USA) 153 East 53rd Street New York, New York 10043 Thomas W. Jones Co -Chairman and Chief Executive Officer Executive Officer (USA) SSB Citi Asset Management Group 388 Greenwich Street New York, New York 10013 Robert I. Lipp Co-Chief Executive Officer Executive Officer (USA) of Citigroup's Global Consumer Business 153 East 53rd Street New York, New York 10043 Deryck C. Maughan Vice Chairman Executive Officer (Great Citigroup Inc. Britain) 153 East 53rd Street New York, New York 10043 Page 14 Victor J. Menezes Co-Chief Executive Officer, Executive Officer (India) Global Corporate and Investment Bank of Citigroup Inc. 153 East 53rd Street New York, New York 10043 Heidi G. Miller Chief Financial Officer Executive Officer (USA) Citigroup Inc. 153 East 53rd Street New York, New York 10043 Charles O. Prince, III Co-General Counsel & Corporate Secretary Executive Officer (USA) Citigroup Inc. 153 East 53rd Street New York, New York 10043 Mary Alice Taylor Global Operations and Technology Executive Officer (USA) Citigroup Inc. 1 Court Square Long Island City, New York 11120 Todd S. Thomson Strategy & Business Development Executive Officer (USA) Citigroup Inc. 153 East 53rd Street New York, New York 10043 Marc P. Weill Citigroup Investments Executive Officer (USA) 153 East 53rd Street New York, New York 10043 Page 15 ANNEX C* Set forth below are the purchases and sales of Convertible Securities by subsidiaries of Citigroup from March 7, 1999 through May 17, 1999. There were no purchases or sales of Common Stock by subsidiaries of Citigroup during this time period. Number of Convertible Number of Price Per Securities Convertible Convertible Trade Date Purchased+ Securities Security (in Sold US$) ------------------------------------------------------------- 5/7/99** 1,000,000 93.50 5/10/99** 2,000,000 93.50 - ----------------------- * Excludes purchases and sales made for third party accounts or mutual funds. ** Purchases and sales made as part of a convertible arbitrage strategy. + Each Convertible Security represents 0.0365764 shares of Common Stock. Page 16 EX-1 2 JOINT FILING AGREEMENT EXHIBIT 1 JOINT FILING AGREEMENT This will confirm the agreement by and among all of the undersigned that this Schedule 13D filed on or about this date with respect to the beneficial ownership by the undersigned of Common Stock of Emcor Group, Inc. is being, and any and all amendments to such Schedule may be, filed on behalf of each of the undersigned. Date: May 17, 1999 SALOMON BROTHERS ASSET MANAGEMENT INC By: /s/ Howard M. Darmstadter ------------------------- Name: Howard M. Darmstadter Title: Assistant Secretary SALOMON BROTHERS HOLDING COMPANY INC By: /s/ Howard M. Darmstadter ------------------------- Name: Howard M. Darmstadter Title: Assistant Secretary SALOMON SMITH BARNEY HOLDINGS INC. By: /s/ Howard M. Darmstadter ------------------------- Name: Howard M. Darmstadter Title: Assistant Secretary CITIGROUP INC. By: /s/ Marla Berman Lewitus ------------------------- Name: Marla Berman Lewitus Title: Assistant Secretary Page 17 -----END PRIVACY-ENHANCED MESSAGE-----