-----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, On7ma43WL9J6s2GwLxhVZwTa1wH0gIT335BAUD0Qqb70CCkEoCi2X5x+fQ70xbiC SJIIw23MP8TMhJVw4lk7EQ== 0000950172-03-000522.txt : 20030214 0000950172-03-000522.hdr.sgml : 20030214 20030214180757 ACCESSION NUMBER: 0000950172-03-000522 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030214 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PAXSON COMMUNICATIONS CORP CENTRAL INDEX KEY: 0000923877 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] IRS NUMBER: 593212788 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-46760 FILM NUMBER: 03569215 BUSINESS ADDRESS: STREET 1: 601 CLEARWATER PK RD CITY: WEST PALM BEACH STATE: FL ZIP: 33401 BUSINESS PHONE: 5616594122 MAIL ADDRESS: STREET 1: 18401 US HWY 19 NORTH CITY: CLEARWATER STATE: FL ZIP: 34624 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL ELECTRIC CO CENTRAL INDEX KEY: 0000040545 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC & OTHER ELECTRICAL EQUIPMENT (NO COMPUTER EQUIP) [3600] IRS NUMBER: 140689340 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 3135 EASTON TURNPIKE STREET 2: W3M CITY: FAIRFIELD STATE: CT ZIP: 06828 BUSINESS PHONE: 203-373-2211 MAIL ADDRESS: STREET 1: 3135 EASTON TURNPIKE STREET 2: W3M CITY: FAIRFIELD STATE: CT ZIP: 06828 SC 13D/A 1 paxson13da.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 1) PAXSON COMMUNICATIONS CORPORATION --------------------------------- (NAME OF ISSUER) CLASS A COMMON STOCK, PAR VALUE $0.001 PER SHARE ------------------------------------------------ (TITLE OF CLASS OF SECURITIES) 70423110 -------- (CUSIP NUMBER) LAWRENCE P. TU, EXECUTIVE VICE PRESIDENT AND GENERAL COUNSEL, NATIONAL BROADCASTING COMPANY, INC. 30 ROCKEFELLER PLAZA, NEW YORK, NY 10012, (212) 664-7024 ------------------------------------------------------------ (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS) FEBRUARY 15, 2002 ----------------------------------------------------- (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT) IF THE FILING PERSON HAS PREVIOUSLY FILED A STATEMENT ON SCHEDULE 13G TO REPORT THE ACQUISITION WHICH IS THE SUBJECT OF THIS SCHEDULE 13D, AND IS FILING THIS SCHEDULE BECAUSE OF RULE 13D-1(B)(3) OR (4), CHECK THE FOLLOWING BOX / /. NOTE: SCHEDULES FILED IN PAPER FORMAT SHALL INCLUDE A SIGNED ORIGINAL AND FIVE COPIES OF THE SCHEDULE, INCLUDING ALL EXHIBITS. SEE RULE 13D-7(B) FOR OTHER PARTIES TO WHOM COPIES ARE TO BE SENT. (CONTINUED ON FOLLOWING PAGES) CUSIP NO. 70423110 - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON NBC PALM BEACH INVESTMENT I, INC. 13-4078684 - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) [x] - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 31,896,032 BENEFICIALLY OWNED BY EACH ---------------------------------------------------- REPORTING 8 SHARED VOTING POWER PERSON WITH -0- - ------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 31,896,032 - ------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 31,896,032 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 36.1%* - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! * Based on 56,568,827 shares of Class A Common Stock outstanding on October 31, 2002 as reported by the Company in its Quarterly Report on Form 10-Q filed on November 14, 2002. CUSIP NO. 70423110 - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON NBC PALM BEACH INVESTMENT II, INC. 13-4078685 - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) [x] - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 32,032,127 BENEFICIALLY OWNED BY EACH ---------------------------------------------------- REPORTING 8 SHARED VOTING POWER PERSON WITH -0- - ------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 32,032,127 - ------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 32,032,127 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [x] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 36.2%** - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! * Represents shares issuable upon exercise of warrants for 32,032,127 shares of Class A Common Stock, exercise of which is subject to restrictions. See Item 5(a) below. ** Based on 56,568,827 shares of Class A Common Stock outstanding on October 31, 2002 as reported by the Company in its Quarterly Report on Form 10-Q filed on November 14, 2002. CUSIP NO. 70423110 - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON NATIONAL BROADCASTING COMPANY, INC. 14-1682529 - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) [x] - ------------------------------------------------------------------------------- SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* N/A - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES Disclaimed (See 11 Below) BENEFICIALLY OWNED BY EACH ---------------------------------------------------- REPORTING 8 SHARED VOTING POWER PERSON WITH -0- - ------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER Disclaimed (See 11 Below) - ------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON Beneficial Ownership of all Shares Disclaimed by National Broadcasting Company, Inc. - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Not Applicable (See 11 Above) - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - ------------------------------------------------------------------------------- * NEITHER THE FILING OF THIS SCHEDULE 13D NOR ANY OF ITS CONTENTS SHALL BE DEEMED TO CONSTITUTE AN ADMISSION THAT NATIONAL BROADCASTING COMPANY, INC. IS THE BENEFICIAL OWNER OF ANY OF THE CLASS A COMMON STOCK REFERRED TO HEREIN FOR THE PURPOSES OF SECTION 13(D) OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED, OR FOR ANY OTHER PURPOSE, AND SUCH BENEFICIAL OWNERSHIP IS EXPRESSLY DISCLAIMED. CUSIP NO. 70423110 - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON GENERAL ELECTRIC COMPANY 14-0689340 - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) [x] - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not Applicable - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES Disclaimed (See 11 Below) BENEFICIALLY OWNED BY EACH ---------------------------------------------------- REPORTING 8 SHARED VOTING POWER PERSON WITH -0- - ------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER Disclaimed (See 11 Below) - ------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON Beneficial Ownership of all Shares disclaimed by General Electric Company - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Not Applicable (see 11 above) - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 70423110 - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON NATIONAL BROADCASTING COMPANY HOLDING, INC. 13-3448662 - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) [x] - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not Applicable - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES Disclaimed (See 11 Below) BENEFICIALLY OWNED BY EACH ---------------------------------------------------- REPORTING 8 SHARED VOTING POWER PERSON WITH -0- - ------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER Disclaimed (See 11 Below) - ------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON Beneficial Ownership of all Shares disclaimed by National Broadcasting Company Holding, Inc. - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Not Applicable (see 11 above) - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - ------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! This Schedule 13D/A amends the Schedule 13D filed on September 27, 1999 (the "Schedule 13D"), which relates to shares of Class A Common Stock, par value $0.001 per share, of Paxson Communications Corporation, a Delaware corporation. Capitalized terms used herein but not defined shall have the meaning attributed to them in the Schedule 13D. Item 2. Identity and Background. Paragraph 5 of Item 2 is amended and restated in its entirety as follows: "As of the date hereof, the name, business address, principal occupation or employment, and citizenship of each director and executive officer of NBC Palm Beach Investment I, NBC Palm Beach Investment II, NBC and GE, are set forth on Schedules A, B, C and D respectively, attached hereto." ITEM 4. Purpose of Transaction. Paragraph 6 of Item 4 is amended and restated in its entirety as follows: "Pursuant to the Investment Agreement between NBC and the Company, NBC Palm Beach Investment II acquired a warrant to purchase up to 13,065,507 shares of Class A Common Stock ("Warrant A") and a warrant to purchase up to 18,966,620 shares of Class A Common Stock ("Warrant B", and together with Warrant A, the "Warrants"). The Warrants may be exercised at the option of NBC any time after September 15, 1999 through September 15, 2009, except as otherwise provided in the Warrants and in the Investment Agreement. Warrant B provides that, after February 1, 2002, it is not exercisable to the extent that, after giving effect to such exercise, Mr. Paxson or any of his affiliates (including members of his family) would not hold or have the right to vote more than fifty percent (50%) of the total voting power of all outstanding voting stock and voting capital stock equivalents of the Company, unless Warrant B ix exercised for the full number of warrant shares issuable thereunder and concurrently with such exercise NBC or its permitted assignee has exercised its rights under the Call Agreement (described below) with respect to all of the Call Shares (as defined in the Call Agreement). This description of the Warrants is not complete and is subject to the terms of the Warrants and the Investment Agreements which are attached as Exhibits 8, 9 and 2, respectively." ITEM 5. Interest in Securities of the Issuer. The last sentence of the first paragraph of Item 5(a) is amended and restated in its entirety as follows: "Upon conversion of the 8% Series B Convertible Exchangeable Preferred Stock and exercise of the Warrants, in each case in their entirety, NBC and its affiliates will have beneficial ownership of 54.5% of the outstanding Class A Common Stock of the Company. The right to acquire such shares of Class A Common Stock upon such conversion and exercise, although currently exercisable, is subject to material conditions, including, without limitation, those contained in the Investment Agreement, the Stockholders Agreement, the Warrants and the Call Agreement, and in the Communications Act and the rules and regulations of the FCC promulgated thereunder." 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. GENERAL ELECTRIC COMPANY By: /s/ Eliza W. Fraser Name: Eliza W. Fraser Title: Attorney-in-Fact NATIONAL BROADCASTING COMPANY HOLDING, INC. By: /s/ Elizabeth A. Newell Name: Elizabeth A. Newell Title: Vice President NATIONAL BROADCASTING COMPANY, INC. By: /s/ Elizabeth A. Newell Name: Elizabeth A. Newell Title: Vice President NBC PALM BEACH INVESTMENT I, INC. By: /s/ Elizabeth A. Newell Name: Elizabeth A. Newell Title: Vice President NBC PALM BEACH INVESTMENT II, INC. By: /s/ Elizabeth A. Newell Name: Elizabeth A. Newell Title: Vice President Dated: February 14, 2003
SCHEDULE A NBC PALM BEACH INVESTMENT I, INC. DIRECTORS PRESENT NAME BUSINESS ADDRESS PRINCIPAL OCCUPATION - ---- ---------------- -------------------- Randel A. Falco National Broadcasting Company, Inc. Executive Vice President, National 30 Rockefeller Plaza Broadcasting Company, Inc. New York, NY 10112 Jay W. Ireland III National Broadcasting Company, Inc. Executive Vice President, National 30 Rockefeller Plaza Broadcasting Company, Inc. New York, NY 10112 Mark Vachon National Broadcasting Company, Inc. Treasurer, National Broadcasting 30 Rockefeller Plaza Company, Inc. New York, NY 10112 Robert C. Wright National Broadcasting Company,Inc. Vice Chairman of the Board and Executive 30 Rockefeller Plaza Officer, New York, NY 10112 General Electric Company; Chairman & Chief Executive Officer, National Broadcasting Company, Inc. Citizenship: - ------------ U.S.A.
NBC PALM BEACH INVESTMENT I, INC. OFFICERS Robert C. Wright National Broadcasting Company, Inc. President 30 Rockefeller Plaza New York, NY 10112 Randel A. Falco National Broadcasting Company, Inc. Vice President 30 Rockefeller Plaza New York, NY 10112 Jay A. Ireland National Broadcasting Company, Inc. Vice President 30 Rockefeller Plaza New York, NY 10112 Mark Vachon National Broadcasting Company, Inc. Treasurer 30 Rockefeller Plaza New York, NY 10112 Todd Davis National Broadcasting Company, Inc. Assistant Treasurer 30 Rockefeller Plaza New York, NY 10112 Brian O'Leary National Broadcasting Company, Inc. Assistant Treasurer 30 Rockefeller Plaza New York, NY 10112 Lawrence P. Tu National Broadcasting Company, Inc. Secretary 30 Rockefeller Plaza New York, NY 10112 William LeBeau National Broadcasting Company, Inc. Assistant Secretary 30 Rockefeller Plaza New York, NY 10112 Elizabeth Newell National Broadcasting Company, Inc. Assistant Secretary 30 Rockefeller Plaza New York, NY 10112
SCHEDULE B NBC PALM BEACH INVESTMENT II, INC. DIRECTORS PRESENT NAME BUSINESS ADDRESS PRINCIPAL OCCUPATION - ---- ---------------- -------------------- Randel A. Falco National Broadcasting Company, Inc. Executive Vice President, National 30 Rockefeller Plaza Broadcasting Company, Inc. New York, NY 10112 Jay W. Ireland III National Broadcasting Company, Inc. Executive Vice President, National 30 Rockefeller Plaza Broadcasting Company, Inc. New York, NY 10112 Mark Vachon National Broadcasting Company, Inc. Treasurer, National Broadcasting 30 Rockefeller Plaza Company, Inc. New York, NY 10112 Robert C. Wright National Broadcasting Company,Inc. Vice Chairman of the Board and Executive 30 Rockefeller Plaza Officer, New York, NY 10112 General Electric Company; Chairman & Chief Executive Officer, National Broadcasting Company, Inc. Citizenship: - ------------ U.S.A.
NBC PALM BEACH INVESTMENT II, INC. OFFICERS Robert C. Wright National Broadcasting Company, Inc. President 30 Rockefeller Plaza New York, NY 10112 Randel A. Falco National Broadcasting Company, Inc. Vice President 30 Rockefeller Plaza New York, NY 10112 Jay A. Ireland National Broadcasting Company, Inc. Vice President 30 Rockefeller Plaza New York, NY 10112 Mark Vachon National Broadcasting Company, Inc. Treasurer 30 Rockefeller Plaza New York, NY 10112 Todd Davis National Broadcasting Company, Inc. Assistant Treasurer 30 Rockefeller Plaza New York, NY 10112 Brian O'Leary National Broadcasting Company, Inc. Assistant Treasurer 30 Rockefeller Plaza New York, NY 10112 Lawrence P. Tu National Broadcasting Company, Inc. Secretary 30 Rockefeller Plaza New York, NY 10112 William LeBeau National Broadcasting Company, Inc. Assistant Secretary 30 Rockefeller Plaza New York, NY 10112 Elizabeth Newell National Broadcasting Company, Inc. Assistant Secretary 30 Rockefeller Plaza New York, NY 10112
SCHEDULE C NATIONAL BROADCASTING COMPANY, INC. DIRECTORS PRESENT NAME BUSINESS ADDRESS PRINCIPAL OCCUPATION - ---- ---------------- -------------------- J.I. Cash, Jr. Harvard Business School Professor of Business Morgan Hall Administration-Graduate Soldiers Field Road School of Business Boston, MA 02163 Administration, Harvard University Dennis D. Dammerman General Electric Company Vice Chairman of the Board and 3135 Easton Turnpike Executive Officer, General Electric Fairfield, CT 06431 Company; Chairman, General Electric Capital Services, Inc. A.M. Fudge General Electric Company Former Executive Vice 3135 Easton Turnpike President, Kraft Foods, Inc. Fairfield, CT 06431 Jeffrey R. Immelt General Electric Company Chairman of the Board and Chief 3135 Easton Turnpike Executive Officer, General Electric Fairfield, CT 06431 Company A. Jung Avon Products Chairman and Chief Executive Officer, 1345 Avenue of the Americas Avon Products, Inc. New York, NY 10105 A.G. Lafley The Proctor & Gamble Company Chairman of the Board, President and 1 Proctor & Gamble Plaza Chief Executive Officer, The Cincinnati, OH 45202-3315 Proctor & Gamble Company K.G. Langone Invemed Associates, Inc. Chairman, President and 375 Park Avenue Chief Executive Officer, New York, NY 10152 Invermed Associates, Inc. R.S. Larsen Johnson & Johnson Former Chairman and Chief Executive 100 Albany Street Officer Suite 200 New Brunswick, NJ 08901 R.B. Lazarus Ogilvy & Mather Worldwide Chairman and Chief 309 West 49th Street Executive Officer New York, NY 10019-7316 S. Nunn King & Spalding Partner, King & Spalding 191 Peachtree Stsreet, N.E. Atlanta, Georgia 30303 R.S. Penske Penske Corporation Chairman of the Board 2555 Telegraph Road and President, Bloomfield Hills, MI Penski Corporation 48302-0954 G. L. Rogers General Electric Company Vice Chairman of the Board and 3135 Easton Turnpike Executive Officer, General Electric Fairfield, CT 06431 Company A.C. Sigler Champion International Retired Chairman of the Corporation Board and CEO and 1 Champion Plaza Former Director, Stamford, CT 06921 Champion International Corporation R.J. Swieringa S.C. Johnson Graduate School Anne and Elmer Lindseth Dean and Cornell University Professor of Accounting 207 Sage Hall Ithaca, NY 14853-6201 D.A. Warner III J.P. Morgan Chase & Co., Retired Chairman of the The Chase Manhattan Bank and Board Morgan Guaranty Trust Co. of New York 345 Park Avenue New York, NY 10154 Robert C. Wright National Broadcasting Company,Inc. Vice Chairman of the Board and 30 Rockefeller Plaza Executive Officer, General Electric New York, NY 10112 Company; Chairman & Chief Executive Officer, National Broadcasting Company, Inc. Citizenship: - ------------ A. Jung Canada All Others U.S.A. NATIONAL BROADCASTING COMPANY, INC EXECUTIVE OFFICERS NAME PRESENT BUSINESS ADDRESS PRINCIPAL OCCUPATION - ---- ------------------------ -------------------- J.R. Immelt General Electric Company Chairman of the Board and 3135 Easton Turnpike Chief Executive Officer Fairfield, CT 06431 R. C. Wright National Broadcasting Company, Inc. Vice Chairman of the Board 30 Rockefeller Plaza and Executive Officer, New York, NY 10112 General Electric Company; Chairman and Chief Executive Officer, National Broadcasting Company, Inc. B. W. Heineman, Jr. General Electric Company Senior Vice President - 3135 Easton Turnpike General Counsel and Fairfield, CT 06431 Secretary General Electric Company M. Vachon National Broadcasting Company, Inc. Executive Vice President/ 30 Rockefeller Plaza Chief Financial Officer/ New York, NY 10112 Treasurer W. L. Bolster National Broadcasting Company, Inc. Executive Vice President 30 Rockefeller Plaza New York, NY 10112 R. B. Burgess National Broadcasting Company, Inc. Executive Vice President 30 Rockefeller Plaza New York, NY 10112 R. Cotton National Broadcasting Company, Inc. Executive Vice President 30 Rockefeller Plaza New York, NY 10112 D. Ebersol National Broadcasting Company, Inc. Executive Vice President 30 Rockefeller Plaza New York, NY 10112 J. W. Eck National Broadcasting Company, Inc. Executive Vice President 30 Rockefeller Plaza New York, NY 10112 R. A. Falco National Broadcasting Company, Inc. Executive Vice President 30 Rockefeller Plaza New York, NY 10112 J. W. Ireland III National Broadcasting Company, Inc. Executive Vice President 30 Rockefeller Plaza New York, NY 10112 S. Sassa National Broadcasting Company, Inc. Executive Vice President 30 Rockefeller Plaza New York, NY 10112 N. Shapiro National Broadcasting Company, Inc. Executive Vice President 30 Rockefeller Plaza New York, NY 10112 P. Thomas-Graham National Broadcasting Company, Inc. Executive Vice President 30 Rockefeller Plaza New York, NY 10112 L. Tu National Broadcasting Company, Inc. Executive Vice President 30 Rockefeller Plaza New York, NY 10112 E. Whelley National Broadcasting Company, Inc. Executive Vice President 30 Rockefeller Plaza New York, NY 10112 D. Zaslav National Broadcasting Company, Inc. Executive Vice President 30 Rockefeller Plaza New York, NY 10112 J. Zucker National Broadcasting Company, Inc. Executive Vice President 30 Rockefeller Plaza New York, NY 10112 Citizenship: U.S.A - ------------ SCHEDULE D GENERAL ELECTRIC COMPANY DIRECTORS NAME PRESENT BUSINESS ADDRESS PRINCIPAL OCCUPATION - ---- ------------------------ -------------------- J.I. Cash, Jr. Harvard Business School Professor of Business Morgan Hall Administration-Graduate Soldiers Field Road School of Business Boston, MA 02163 Administration, Harvard University Dennis D. Dammerman General Electric Company Vice Chairman of the Board and 3135 Easton Turnpike Executive Officer, General Electric Fairfield, CT 06431 Company; Chairman, General Electric Capital Services, Inc. A.M. Fudge General Electric Company Former Executive Vice 3135 Easton Turnpike President, Kraft Foods, Inc. Fairfield, CT 06431 C.X. Gonzalez Kimberly-Clark de Mexico, Chairman of the Board and Chief S.A. de C.V. Executive Officer, Kimberly-Clark de Jose Luis Lagrange 103, Mexico, S.A. de C.V. Tercero Piso Colonia Los Morales Mexico, D.F. 11501, Mexico Jeffrey R. Immelt General Electric Company Chairman of the Board and Chief 3135 Easton Turnpike Executive Officer, General Electric Fairfield, CT 06431 Company A. Jung Avon Products Chairman and Chief Executive Officer, 1345 Avenue of the Americas Avon Products, Inc. New York, NY 10105 A.G. Lafley The Proctor & Gamble Company Chairman of the Board, President and 1 Proctor & Gamble Plaza Chief Executive Officer, The Cincinnati, OH 45202-3315 Proctor & Gamble Company K.G. Langone Invemed Associates, Inc. Chairman, President and 375 Park Avenue Chief Executive Officer, New York, NY 10152 Invermed Associates, Inc. R.S. Larsen Johnson & Johnson Former Chairman and Chief Executive 100 Albany Street Officer Suite 200 New Brunswick, NJ 08901 R.B. Lazarus Ogilvy & Mather Worldwide Chairman and Chief 309 West 49th Street Executive Officer New York, NY 10019-7316 S. Nunn King & Spalding Partner, King & Spalding 191 Peachtree Stsreet, N.E. Atlanta, Georgia 30303 R.S. Penske Penske Corporation Chairman of the Board 2555 Telegraph Road and President, Bloomfield Hills, MI Penski Corporation 48302-0954 G. L. Rogers General Electric Company Vice Chairman of the Board and 3135 Easton Turnpike Executive Officer, General Electric Fairfield, CT 06431 Company A.C. Sigler Champion International Retired Chairman of the Corporation Board and CEO and 1 Champion Plaza Former Director, Stamford, CT 06921 Champion International Corporation R.J. Swieringa S.C. Johnson Graduate School Anne and Elmer Lindseth Dean and Cornell University Professor of Accounting 207 Sage Hall Ithaca, NY 14853-6201 D.A. Warner III J.P. Morgan Chase & Co., Retired Chairman of the The Chase Manhattan Bank and Board Morgan Guaranty Trust Co. of New York 345 Park Avenue New York, NY 10154 Robert C. Wright National Broadcasting Company,Inc. Vice Chairman of the Board and 30 Rockefeller Plaza Executive Officer, General Electric New York, NY 10112 Company; Chairman & Chief Executive Officer, National Broadcasting Company, Inc. Citizenship: - ------------ C.X. Gonzalez Mexico A. Jung Canada All Others U.S.A. GENERAL ELECTRIC COMPANY EXECUTIVE OFFICERS NAME PRESENT BUSINESS ADDRESS PRINCIPAL OCCUPATION - ---- ------------------------ -------------------- J.R. Immelt General Electric Company Chairman of the Board and Chief 3135 Easton Turnpike Executive Officer Fairfield, CT 06431 P.D. Ameen General Electric Company Vice President and Controller 3135 Easton Turnpike Fairfield, CT 06431 C.T. Begley General Electric Company Vice President - GE Transportation 2901 East Lake Road Systems Erie, PA 16531 D.C. Calhoun General Electric Company Senior Vice President 1 Neumann Way GE Aircraft Engines Cincinnati, OH 05215 J.P. Campbell General Electric Company Senior Vice President Appliance Park GE Consumer Products Louisville, KY 40225 W.J. Conaty General Electric Company Senior Vice President 3135 Easton Turnpike Human Resources Fairfield, CT 06431 D.D. Dammerman General Electric Company Vice Chairman of the Board and 3135 Easton Turnpike Executive Officer. Fairfield, CT 06431 General Electric Company; Chairman, General Electric Capital Services, Inc. S.C. Donnelly General Electric Company Senior Vice President One Research Circle Corporate Research and Niskayuna 12309 Development M.D. Fraizer General Electric Company Senior Vice President 6620 W. Broad Street GE Insurance Richmond, VA 23230 Y. Fujimori General Electric Company Senior Vice President 21 Mita 1-chome GE Asia Meguro-ku 3rd Floor Alto Tokyo, Japan 153-0062 A.H. Harper General Electric Company Senior Vice President 260 Long Ridge Road GE Equipment Management Stamford, CT 06927 B.W. Heinemann, Jr. General Electric Company Senior Vice President 3135 Easton Turnpike General Counsel and Fairfield, CT 06431 Secretary J.M. Hogan General Electric Company Senior Vice President P.O. Box 414 GE Medical Systems Milwauke, WI 53201 R.A. Jeffe General Electric Company Senior Vice President 3135 Easton Turnpike Corporate Business Fairfield, CT 06431 Development J. Krenicki, Jr. General Electric Company Senior Vice President 1 Plastics Avenue GE Plastics Pittsfield, MA 01201 M.A. Neal General Electric Company Senior Vice President 260 Long Ridge Road GE Commercial Finance Stamford, CT 06927 D.R. Nissen General Electric Company Senior Vice President 201 High Ridge Road GE Consumer Finance Stamford, CT 06905-3417 J.A. Park General Electric Company Senior Vice President 260 Long Ridge Road General Electric Company, Vice Stamford, CT 06927 Chairman, GE Capital Corporation R.R. Pressman General Electric Company Senior Vice President 5200 Metcalf Avenue Employers Reinsurance Corporation Overland Park, KS 66201 G.M. Reiner General Electric Company Senior Vice President 3135 Easton Turnpike Chief Information Officer Fairfield, CT 06431 J.G. Rice General Electric Company Senior Vice President 4200 Wildwood Parkway GE Power Systems Atlanta, GA 30339 G. L. Rogers General Electric Company Vice Chairman of the Board and 3135 Easton Turnpike Executive Officer Fairfield, CT 06431 K.S. Sherin General Electric Company Senior Vice President 3135 Easton Turnpike Finance and Chief Financial Officer Fairfield, CT 06431 L.G. Trotter General Electric Company Senior Vice President 41 Woodford Avenue GE Industrial Systems Plainville, CT 06062 W. A. Woodburn General Electric Company Senior Vice President 187 Danbury Road GE Speciality Materials Wilton, CT 06897 Robert C. Wright National Broadcasting Company,Inc. Vice Chairman of the Board and 30 Rockefeller Plaza Executive Officer, New York, NY 10112 General Electric Company; Chairman & Chief Executive Officer, National Broadcasting Company, Inc. Citizenship: - ------------ Yoshiaki Fujimori Japan All Others U.S.A.
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