-----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, ESEF60Kr+jz+7/toA8OW1EfICb7KQDfLTy5bWN6lpvFHCLMUVSPUzVSmRJ4S6HI9 3jhWcKy2okDjJt8go4jHkA== 0001005477-99-000190.txt : 19990201 0001005477-99-000190.hdr.sgml : 19990201 ACCESSION NUMBER: 0001005477-99-000190 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990129 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TOWER AUTOMOTIVE INC CENTRAL INDEX KEY: 0000925548 STANDARD INDUSTRIAL CLASSIFICATION: METAL FORGING & STAMPINGS [3460] IRS NUMBER: 411746238 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-45347 FILM NUMBER: 99515953 BUSINESS ADDRESS: STREET 1: 4508 IDS CENTER CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 6123422310 MAIL ADDRESS: STREET 1: 4508 IDS CENTER CITY: MINNEAPOLIS STATE: MN ZIP: 55402 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/A BUSINESS ADDRESS: STREET 1: 153 EAST 53RD STREET STREET 2: LEGAL DEPT 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10043 BUSINESS PHONE: 2125591000 MAIL ADDRESS: STREET 1: 153 EAST 53RD STREET STREET 2: LEGAL DEPT 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10043 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/A 1 SCHEDULE 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 3)* ---------------------- Tower Automotive, Inc. (Name of Issuer) Common Stock, par value $.01 per share (Title of Class of Securities) 891707101 (CUSIP Number) Stephanie B. Mudick General Counsel - Corporate Law Citigroup Inc. 153 East 53rd Street New York, New York 10043 (212) 559-1000 (Name, address and telephone number of person authorized to receive notices and communications) December 24, 1998 (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 |_|. 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. 891707101 PAGE 2 OF 15 PAGES - -------------------- ------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Citigroup Inc., 52-1568099 - -------------------------------------------------------------------------------- 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 3,768,634 BENEFICIALLY OWNED BY ------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER 0 REPORTING PERSON WITH ------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 3,768,634 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,768,634 - -------------------------------------------------------------------------------- 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) HC - -------------------------------------------------------------------------------- - -------------------- ------------------ CUSIP NO. 891707101 PAGE 3 OF 15 PAGES - -------------------- ------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Salomon Smith Barney Holdings Inc., 22-1660266 - -------------------------------------------------------------------------------- 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 2,791,647 BENEFICIALLY OWNED BY ------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER 0 REPORTING PERSON WITH ------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 2,791,647 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,791,647 - -------------------------------------------------------------------------------- 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) 5.9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) HC - -------------------------------------------------------------------------------- This Amendment No. 3 to the statement on Schedule 13D, dated September 10, 1998, as amended by Amendments No. 1 and 2 (the "Schedule 13D"), of Citigroup Inc. (formerly Travelers Group Inc.) is being filed with respect to the Common Stock, par value $.01 per share (the "Common Stock"), of Tower Automotive, Inc., a Delaware corporation (the "Issuer"). Item 2. IDENTITY AND BACKGROUND. (a), (b), (c) and (f) This item as set forth in the Schedule 13D is deleted and the following is inserted in its place: "This statement on Schedule 13D is being filed by Salomon Smith Barney Holdings Inc., a Delaware corporation ("SSBH"), and Citigroup Inc., a Delaware corporation ("Citigroup"). All of the Common Stock reported herein is directly beneficially owned by subsidiaries of SSBH or by other subsidiaries of Citigroup. SSBH is a wholly owned subsidiary of Citigroup. The principal executive offices of SSBH are located, and the principal business is conducted, at 388 Greenwich Street, New York, New York 10013. The principal executive offices of Citigroup are located, and the principal business is conducted, at 153 East 53rd Street, New York, New York 10043. SSBH engages in no direct activities and is the indirect parent of Salomon Smith Barney Inc., a registered broker-dealer. Citigroup businesses produce a broad range of financial services -- asset management, banking and consumer finance, credit and charge cards, insurance, investments, investment banking and trading -- and use diverse channels to make them available to consumer and corporate customers around the world. Among these businesses are Citibank, Commercial Credit, Primerica Financial Services, Salomon Smith Barney, SSB Citi Asset Management, Travelers Life & Annuity and Travelers Property Casualty. The names, citizenship, business addresses and principal occupations or employment of each of the executive officers and directors of Citigroup and SSBH are set forth in Annexes A and B, which are incorporated herein by reference." PAGE 4 OF 15 PAGES Item 5. INTEREST IN SECURITIES OF THE ISSUER. (a) and (b) This item as set forth in the Schedule 13D is deleted and the following is inserted in its place: "By reason of their relationship, Citigroup and SSBH may be deemed to share voting and dispositive power with respect to Common Stock and Convertible Securities of the Issuer directly beneficially owned by subsidiaries of SSBH and other subsidiaries of Citigroup and may be deemed to have an indirect beneficial ownership in such shares. As of January 26, 1999, Citigroup may be deemed to beneficially own 3,768,634 shares of Common Stock, which includes 1,233,939 shares of Common Stock issuable upon conversion of certain convertible bonds and convertible preferred stock (collectively, the "Convertible Securities"). 3,768,634 shares of Common Stock represents 7.9% of the outstanding Common Stock (based on 47,473,377 shares of Common Stock outstanding, which includes 46,239,438 shares of Common Stock outstanding, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended September 30, 1998, and 1,233,939 shares of Common Stock issuable upon conversion of the Convertible Securities). Of the 3,768,634 shares of Common Stock beneficially owned by Citigroup, SSBH may be deemed to beneficially own 2,791,647 shares, which includes 997,116 shares issuable upon conversion of Convertible Securities. 2,791,647 shares of Common Stock represents 5.9% of the outstanding Common Stock (based on 47,236,554 shares of Common Stock outstanding, which includes 46,239,438 shares of Common Stock outstanding and 997,116 shares of Common Stock issuable upon conversion of Convertible Securities). Except as set forth or incorporated by reference herein, none of Citigroup, SSBH or, to the best knowledge of Citigroup, the persons listed in Annexes A or B hereto beneficially owned any Common Stock or Convertible Securities as of January 26, 1999." (c) This item as set forth in the Schedule 13D is deleted and the following is inserted in its place: "The dates, number of shares and prices per share for all purchases and sales of shares of Common Stock and Convertible Securities by subsidiaries of SSBH and other subsidiaries of Citigroup from December 18, 1998 through January 26, 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." PAGE 5 OF 15 PAGES ANNEXES A. Executive Officers and Directors of Citigroup Inc. ("Citigroup"). B. Executive Officers and Directors of Salomon Smith Barney Holdings Inc. ("SSBH"). C. Description of Purchases and Sales of Common Stock and Convertible Securities by subsidiaries of SSBH and other subsidiaries of Citigroup from December 18, 1998 through January 26, 1999. D. Agreement among Citigroup and SSBH as to joint filing of Schedule 13D. PAGE 6 OF 15 PAGES 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. January 28, 1999 CITIGROUP INC. By: /s/ Marla A. Berman ------------------------------------ Name: Marla A. Berman Title: Assistant Secretary SALOMON SMITH BARNEY HOLDINGS INC. By: /s/ Howard M. Darmstadter ------------------------------------ Name: Howard M. Darmstadter Title: Assistant Secretary PAGE 7 OF 15 PAGES January 28, 1999 ANNEX A 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 Operating 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 Services, Director (USA) University of Chicago Medical Center 2904 Benton Place, NW Washington, DC 20008 PAGE 8 OF 15 PAGES Reuben Mark Chairman & Chief Executive Officer Director (USA) Colgate-Palmolive Company 300 Park Avenue New York, New York 10022-7499 Michael T. Masin Vice Chairman, President International & Director Director (USA) 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 Citigroup Inc. Officer (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 PAGE 9 OF 15 PAGES Sanford I. Weill Chairman & Co-Chief Executive Officer Director & Executive Citigroup Inc. Officer (USA) 153 East 53rd Street New York, New York 10043 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 William I. Campbell Co-Chief Executive Officer of Citigroup's Executive Officer Global Consumer Business (USA and Canada) 1 Court Square Long Island City, New York 11120 Michael A. Carpenter Co-Chief Executive- Executive Officer (USA) Global Investment/Corporate 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 Thomas W. Jones Chief Executive Officer Director & Executive of SSB Citi Asset Management Officer (USA) 388 Greenwich Street New York, New York 10013 PAGE 10 OF 15 PAGES Robert I. Lipp Co-Chief Executive Officer of Citigroup's Global Executive Officer (USA) Consumer Business & Chairman of Travelers Property Casualty Corp. 153 East 53rd Street New York, New York 10043 Deryck C. Maughan Vice Chairman Director (Great Britain) Citigroup Inc. 153 East 53rd Street New York, New York 10043 Victor J. Menezes Co-Chief Executive- Executive Officer (India) Global Investment/Corporate 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 John J. Roche Co-General Counsel Executive Officer (USA) Citigroup Inc. 153 East 53rd Street New York, New York 10043 Mary Alice Taylor Corporate Executive Vice President Executive Officer (USA) Citicorp & Citibank, N.A. 1 Court Square Long Island City, New York 11120 PAGE 11 OF 15 PAGES January 28, 1999 ANNEX B EXECUTIVE OFFICERS AND DIRECTORS OF SALOMON SMITH BARNEY HOLDINGS INC. NAME, TITLE AND CITIZENSHIP PRINCIPAL OCCUPATION AND BUSINESS ADDRESS - --------------------------- ----------------------------------------- Michael A. Carpenter Chairman & Chief Executive Officer Director, Chairman and Salomon Smith Barney Holdings Inc. Chief Executive Officer 388 Greenwich Street (USA) New York, New York 10013 Deryck C. Maughan Vice Chairman Director Citigroup Inc. (Great Britain) 153 East 53rd Street New York, New York 10043 James S. Boshart, III Vice Chairman Vice Chairman (USA) Salomon Smith Barney Holdings Inc. 388 Greenwich Street New York, New York 10013 Thomas G. Maheras Vice Chairman Vice Chairman (USA) Salomon Smith Barney Holdings Inc. 388 Greenwich Street New York, New York 10013 Jay P. Mandelbaum Senior Executive Vice President Senior Executive Salomon Smith Barney Holdings Inc. Vice President 388 Greenwich Street (USA) New York, New York 10013 Paul Underwood Vice Chairman Vice Chairman (USA) Salomon Smith Barney Holdings Inc. 388 Greenwich Street New York, New York 10013 Eduardo G. Mestre Vice Chairman Vice Chairman (USA) Salomon Smith Barney Holdings Inc. 388 Greenwich Street New York, New York 10013 PAGE 12 OF 15 PAGES Robert Druskin Senior Executive Vice President & Chief Senior Executive Administrative Officer Vice President and Salomon Smith Barney Holdings Inc. Chief Administrative Officer 388 Greenwich Street (USA) New York, New York 10013 Joan Guggenheimer Executive Vice President, General Counsel & Executive Vice President, Secretary General Counsel and Salomon Smith Barney Holdings Inc. Secretary (USA) 388 Greenwich Street New York, New York 10013 Charles W. Scharf Senior Executive Vice President & Chief Financial Senior Executive Vice Officer President and Chief Salomon Smith Barney Holdings Inc. Financial Officer 388 Greenwich Street (USA) New York, New York 10013 Michael J. Day Executive Vice President & Controller Executive Vice Salomon Smith Barney Holdings Inc. President and 388 Greenwich Street Controller (USA) New York, New York 10013 Mark I. Kleinman Executive Vice President & Treasurer Executive Salomon Smith Barney Holdings Inc. Vice President and 388 Greenwich Street Treasurer (USA) New York, New York 10013 Simon Lorne Executive Vice President & Assistant Secretary Executive Vice President Salomon Smith Barney Holdings Inc. and Assistant Secretary 388 Greenwich Street (USA) New York, New York 10013 PAGE 13 OF 15 PAGES ANNEX C* Set forth below are the purchases and sales of Common Stock by subsidiaries of SSBH and other subsidiaries of Citigroup from December 18, 1998 through January 26, 1999. Number of Number of Price Per Shares Shares Share Trade Date Purchased Sold (in US$) - ---------- --------- ---- -------- 1/14/99** 52,600 0 24.1250 Set forth below are the purchases and sales of Convertible Securities from December 18, 1998 through January 26, 1999. Number of Number of Price Per Convertible Convertible Convertible Securities Securities Security Trade Date Purchased Sold (in US$) - ---------- --------- ---- -------- 1/14/99** 0 45,000 51.4983 - ---------------- * Excludes purchases and sales made for third party accounts or mutual funds. ** Purchases and sales made as part of a risk arbitrage strategy. PAGE 14 OF 15 PAGES ANNEX D AGREEMENT AS TO JOINT FILING OF SCHEDULE 13D Each of the undersigned hereby affirms that it is individually eligible to use Schedule 13D, and agrees that this Schedule 13D is filed on its behalf. January 28, 1999 CITIGROUP INC. By: /s/ Marla A. Berman ------------------------------------ Name: Marla A. Berman Title: Assistant Secretary SALOMON SMITH BARNEY HOLDINGS INC. By: /s/ Howard M. Darmstadter ------------------------------------ Name: Howard M. Darmstadter Title: Assistant Secretary PAGE 15 OF 15 PAGES -----END PRIVACY-ENHANCED MESSAGE-----