-----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, WU4eU57U6RnSqcxmLJeg648yeLESoA738DkQ33lENGvV5zCQsVu61oR+Qc/TL/fO /uDdB02lhAtxYs08WGvdAg== 0000950131-03-001432.txt : 20030319 0000950131-03-001432.hdr.sgml : 20030319 20030318182219 ACCESSION NUMBER: 0000950131-03-001432 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030319 GROUP MEMBERS: BRUCE V. RAUNER GROUP MEMBERS: BRYAN C. CRESSEY GROUP MEMBERS: CARL D. THOMA GROUP MEMBERS: GOLDER, THOMA, CRESSEY & RAUNER, L.P. FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GOLDER THOMA CRESSEY FUND III LTD PARTNERSHIP CENTRAL INDEX KEY: 0000941659 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 6100 SEARS TOWER CITY: CHICAGO STATE: IL ZIP: 60602 MAIL ADDRESS: STREET 1: 6100 SEARS TOWER CITY: CHICAGO STATE: IL ZIP: 60602 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: POLYMER GROUP INC CENTRAL INDEX KEY: 0000927417 STANDARD INDUSTRIAL CLASSIFICATION: BROADWOVEN FABRIC MILS, MAN MADE FIBER & SILK [2221] IRS NUMBER: 571003983 STATE OF INCORPORATION: DE FISCAL YEAR END: 0103 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-46353 FILM NUMBER: 03608343 BUSINESS ADDRESS: STREET 1: 4838 JENKINS AVE CITY: NORTH CHARLESTON STATE: SC ZIP: 29405 BUSINESS PHONE: 8037445174 MAIL ADDRESS: STREET 1: 4838 JENKINS AVENUE CITY: NORTH CHARLESTON STATE: SC ZIP: 29405 SC 13G/A 1 dsc13ga.txt SCHEDULE 13G - AMENDMENT #2 OMB APPROVAL OMB Number: 3235-0145 Expires: December 31, 2005 Estimated average burden hours per response...11% UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No. 2)* Polymer Group, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 731745 30 3 - -------------------------------------------------------------------------------- (CUSIP Number) March 6, 2003 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [_] Rule 13d-1(b) [x] Rule 13d-1(c) [_] Rule 13d-1(d) ------------------ *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). Page 1 of 17 Pages - ------------------- ------------------ CUSIP NO. 731745303 13G Page 2 of 17 Pages - ------------------- ------------------ [Repeat this page as necessary] - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS Golder, Thoma, Cressey Fund III Limited Partnership S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON: [ ] - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Illinois - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER NUMBER OF None SHARES ------------------------------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 70,331 (See Item 4) EACH ------------------------------------------------------------- REPORTING 7. SOLE DISPOSITIVE POWER PERSON None WITH ------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 70,331 (See Item 4) - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 70,331 (See Item 4) - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [X] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 17.6% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT. 13G [Repeat this page as necessary] CUSIP NO. 731745303 Page 3 of 17 Pages ------------ - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. Golder, Thoma, Cressey & Rauner, L.P. I.R.S. Identification Nos. of Above Persons (entities only). - -------------------------------------------------------------------------------- 2. Check the Appropriate Box If a Member of a Group (See Instructions) (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Illinois - -------------------------------------------------------------------------------- 5. Sole Voting Power NUMBER OF None SHARES ------------------------------------------------------------- BENEFICIALLY 6. Shared Voting Power OWNED BY 70,331 EACH ------------------------------------------------------------- REPORTING 7. Sole Dispositive Power PERSON None WITH ------------------------------------------------------------- 8. Shared Dispositive Power 70,331 (See Item 4) - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 70,331 (See Item 4) - -------------------------------------------------------------------------------- 10. Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [X] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 17.6% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) PN ================================================================================ * SEE INSTRUCTIONS BEFORE FILLING OUT. CUSIP NO. 731745303 Page 4 of 17 Pages ---------- - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. Bruce V. Rauner I.R.S. Identification Nos. of Above Persons (entities only). - -------------------------------------------------------------------------------- 2. Check the Appropriate Box If a Member of a Group (See Instructions) (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 5. Sole Voting Power NUMBER OF None SHARES ------------------------------------------------------------- BENEFICIALLY 6. Shared Voting Power OWNED BY 70,331 (See Item 4) EACH ------------------------------------------------------------- REPORTING 7. Sole Dispositive Power PERSON None WITH ------------------------------------------------------------- 8. Shared Dispositive Power 70,331 (See Item 4) - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 70,331 (See Item 4) - -------------------------------------------------------------------------------- 10. Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [X] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 17.6% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- CUSIP NO. 731745303 Page 5 of 17 Pages ---------- - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. Bryan C. Cressey I.R.S. Identification Nos. of Above Persons (entities only). - -------------------------------------------------------------------------------- 2. Check the Appropriate Box If a Member of a Group (See Instructions) (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 5. Sole Voting Power NUMBER OF None SHARES ------------------------------------------------------------- BENEFICIALLY 6. Shared Voting Power OWNED BY 70,331 (See Item 4) EACH ------------------------------------------------------------- REPORTING 7. Sole Dispositive Power PERSON None WITH ------------------------------------------------------------- 8. Shared Dispositive Power 70,331 (See Item 4) - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 70,331 (See Item 4) - -------------------------------------------------------------------------------- 10. Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [X] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 17.6% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- CUSIP NO. 731745303 Page 6 of 17 Pages ---------- - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. Carl D. Thoma I.R.S. Identification Nos. of Above Persons (entities only). - -------------------------------------------------------------------------------- 2. Check the Appropriate Box If a Member of a Group (See Instructions) (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization United States - -------------------------------------------------------------------------------- 5. Sole Voting Power NUMBER OF None SHARES ------------------------------------------------------------- BENEFICIALLY 6. Shared Voting Power OWNED BY 70,331 (See Item 4) EACH ------------------------------------------------------------- REPORTING 7. Sole Dispositive Power PERSON None WITH ------------------------------------------------------------- 8. Shared Dispositive Power 70,331 (See Item 4) - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 70,331 (See Item 4) - -------------------------------------------------------------------------------- 10. Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [X] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 17.6% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- - ------------------- ------------------ CUSIP NO. 731745303 13G Page 7 of 17 Pages - ------------------- ------------------ Item 1(a) Name of Issuer: --------------- Polymer Group, Inc. (the "Company") Item 1(b) Address of Issuer's Principal Executive Offices: ------------------------------------------------ 4838 Jenkins Avenue North Charleston, SC 29405 Item 2(a) Name of Person Filing: ---------------------- Golder, Thoma, Cressey Fund III Limited Partnership Golder, Thoma, Cressey & Rauner, L.P. Bruce V. Rauner Bryan C. Cressey Carl D. Thoma Golder, Thoma, Cressey Fund III Limited Partnership ("GTC") is the record owner of the shares of common stock covered by this statement. GTC is managed by its general partner, Golder, Thoma, Cressey & Rauner, L.P. ("GTCR"). Dispositive and voting power of securities owned by GTC and managed by GTCR is shared by Bruce V. Rauner, Bryan C. Cressey and Carl D. Thoma, each a general partner of GTCR. GTC, GTCR and Messrs. Rauner, Cressey and Thoma are collectively referred to herein as the "Reporting Persons." Item 2(b) Address of Principal Business Office or, if none, Residence: ------------------------------------------------------------ The principal address of the Reporting Persons is 6100 Sears Tower, Chicago, Illinois, 60606-6402. Item 2(c) Citizenship: ------------ GTC and GTCR are limited partnerships organized under the laws of the State of Illinois. Messrs. Rauner, Cressey and Thoma are citizens of the United States. Item 2(d) Title of Class of Securities: ----------------------------- The Schedule 13G originally filed by the Reporting Persons related to the Common Stock, par value $.01 per share, of the Issuer, which is no longer outstanding. The class of equity securities to which this Schedule 13G relates is the Class B common stock, par value $.01 per share (the "Class B Common Stock"), of the Issuer. Item 2(e) CUSIP No.: ---------- [731745 30 3] - ------------------- ------------------ CUSIP NO. 731745303 13G Page 8 of 17 Pages - ------------------- ------------------ Item 3 If this statement is file pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is a: ------------------------------------- This statement is filed pursuant to Rule 13d-1(c). As such, the listed alternatives are not applicable. Item 4 Ownership: (a) Amount Beneficially Owned: GTC is the registered owner of 70,331 shares of Common Stock of the Company (the "shares"). GTCR is the general partner of GTC and exercises investment and voting control over securities owned by GTC. Investment and voting control over securities owned by GTC is shared at GTCR by Messrs. Rauner, Cressey and Thoma. Thus, by virtue of the investment and voting control exercised by GTCR as general partner of GTC and shared by Messrs. Rauner, Cressey and Thoma, each of the Reporting Persons may be deemed to beneficially own the Shares. GTCR and Messrs. Rauner, Cressey and Thoma each disclaim beneficial ownership of the Shares. Each Reporting Person expressly disclaims beneficial ownership of any shares of Common Stock beneficially owned by each other Reporting Person. (b) Percent of Class B Common Stock (based on an estimated 400,000 shares of Class B Common Stock outstanding): 17.6% (c) Number of Shares as to which such person has: (i) Sole power to vote or to direct the vote: None (ii) Shared power to vote or to direct the vote: 70,331 (GTC, GTCR and Messrs. Rauner, Cressey and Thoma) (iii) Sole power to dispose or to direct the disposition of: None (iv) Shared power to dispose or to direct the disposition of: 70,331 (GTC, GTCR and Messrs. Rauner, Cressey and Thoma) The Reporting Persons may be deemed to beneficially own Series A Warrants and Series B Warrants of the Issuer. Such warrants are not exercisable within 60 days. Item 5 Ownership of Five Percent or Less of a Class: -------------------------------------------- If this statement is being filed to report the fact that as of the date hereof each of the Reporting Persons has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]. CUSIP No. 731745303 13G Page 9 of 17 - ------------------- Pages ------------ 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: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. CUSIP No. 731745303 13G Page 10 of 17 - ------------------- Pages ------------- EXHIBITS Exhibit I Joint Filing Agreement among the Reporting Persons pursuant to Rule 13d-1(f) under the Securities Exchange Act of 1934, as amended. CUSIP No. 731745303 13G Page 11 of 17 - ------------------- Pages ------------- SIGNATURE 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. Date: March 14, 2003 Golder, Thoma, Cressey Fund III Limited Partnership By: Golder, Thoma, Cressey & Rauner, L.P. Its: General Partner By: /s/ Bruce V. Rauner ------------------------- Print Name: Bruce V. Rauner Its: General Partner CUSIP No. 731745303 13G Page 12 of 17 Pages SIGNATURE --------- 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. Date: March 14, 2003 Golder, Thoma, Cressey & Rauner, L.P. Its: General Partner By: /s/ Bruce V. Rauner --------------------------------- Print Name: Bruce V. Rauner Its: General Partner CUSIP No. 731745303 13G Page 13 of 17 Pages SIGNATURE --------- 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. Date: March 14, 2003 /s/ Bruce V. Rauner ------------------------------------ Print Name: Bruce V. Rauner CUSIP No. 731745303 13G Page 14 of 17 Pages SIGNATURE --------- 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. Date: March 14, 2003 By: /s/ Bryan C. Cressey ------------------------------------ Print Name: Bryan C. Cressey CUSIP No. 731745303 13G Page 15 of 17 Pages SIGNATURE --------- 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. Date: March 14, 2003 By: /s/ Carl D. Thoma --------------------------------- Print Name: Carl D. Thoma CUSIP No. 731745303 13G Page 16 of 17 Pages Exhibit I --------- SCHEDULE 13G JOINT FILING AGREEMENT The undersigned and each other person executing this joint filing agreement (this "Agreement") agree as follows: (i) The undersigned and each other person executing this Agreement are individually eligible to use the Schedule 13G to which this Exhibit is attached and such Schedule 13G is filed on behalf of the undersigned and each other person executing this Agreement; and (ii) The undersigned and each other person executing this Agreement are responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of the undersigned or any other person executing this Agreement is responsible for the completeness or accuracy of the information statement concerning any other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which, taken together, shall constitute one and the same instrument. * * * * * Date: March 14, 2003 Golder, Thoma, Cressey Fund III Limited Partnership By: Golder, Thoma, Cressey & Rauner, L.P. Its: General Partner By: /s/ Bruce V. Rauner --------------------------- Print Name: Bruce V. Rauner Its: General Partner Golder, Thoma, Cressey & Rauner, L.P. Its: General Partner By: /s/ Bruce V. Rauner --------------------------- Print Name: Bruce V. Rauner Its: General Partner /s/ Bruce V. Rauner --------------------------- Print Name: Bruce V. Rauner CUSIP No. 731745303 13G Page 17 of 17 Pages /s/ Bryan C. Cressey ------------------------------------ Print Name: Bryan C. Cressey /s/ Carl D. Thoma ------------------------------------ Print Name: Carl D. Thoma -----END PRIVACY-ENHANCED MESSAGE-----