-----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, CuJhBsceurAlOERsML310YUqPwvoeHt7Akxwbn7N/VdEqdSqDlAa04piwKkJ0oZn DJruy5EPyTkgsK9Ctt1quA== 0000938775-99-000041.txt : 19991223 0000938775-99-000041.hdr.sgml : 19991223 ACCESSION NUMBER: 0000938775-99-000041 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19991222 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PERINI CORP CENTRAL INDEX KEY: 0000077543 STANDARD INDUSTRIAL CLASSIFICATION: GENERAL BUILDING CONTRACTORS - NONRESIDENTIAL BUILDINGS [1540] IRS NUMBER: 041717070 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-08309 FILM NUMBER: 99779276 BUSINESS ADDRESS: STREET 1: 73 MT WAYTE AVE CITY: FRAMINGHAM STATE: MA ZIP: 01701 BUSINESS PHONE: 5086282000 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BLUM CAPITAL PARTNERS LP CENTRAL INDEX KEY: 0000938775 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 943205364 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 909 MONTGOMERY STREET # 400 CITY: SAN FRANCISCO STATE: CA ZIP: 94133 MAIL ADDRESS: STREET 1: 909 MONTGOMERY STREET STREET 2: SUITE 400 CITY: SAN FRANCISCO STATE: CA ZIP: 94133 FORMER COMPANY: FORMER CONFORMED NAME: BLUM RICHARD C & ASSOCIATES L P DATE OF NAME CHANGE: 19970219 SC 13D/A 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 4)* PERINI CORPORATION ------------------ (Name of Issuer) Common Stock and Series B Cumulative Convertible Preferred Stock ----------------------------------------------- (Title of Class of Securities) 713-839108 ---------- (CUSIP Number) Murray A. Indick BLUM Capital Partners, L.P. (formerly Richard C. Blum & Associates, L.P.) 909 Montgomery Street, Suite 400 San Francisco, CA 94133 (415) 434-1111 ------------------------------------------------ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 15, 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(b)(3) or (4), check the following box [ ]. *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 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 11 CUSIP NO. 713-839108 SCHEDULE 13D Page 2 of 11 - ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSON PB CAPITAL PARTNERS, L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3248865 - ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]** (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 -0- NUMBER OF ----------------------------------------------------------- SHARES 8. SHARED VOTING POWER 123,123.40 BENEFICIALLY (of Series B Shares)** OWNED BY EACH 2,593,097 PERSON WITH (of common stock, after conversion)** ----------------------------------------------------------- 9. SOLE DISPOSITIVE POWER -0- ----------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 123,123.40 (of Series B Shares)** 2,593,097 (of common stock, after conversion)** - ------------------------------------------------------------------------------ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 123,123.40 (of Series B Shares)** 2,593,097 (of common stock, after conversion)** - ------------------------------------------------------------------------------ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 61.5% (of Series B Shares)** 31.5% (of common stock, after conversion)** - ------------------------------------------------------------------------------ 14. TYPE OF REPORTING PERSON PN - ------------------------------------------------------------------------------ ** See Item 5 below. *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 713-839108 SCHEDULE 13D Page 3 of 11 - ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSON BLUM CAPITAL PARTNERS, L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3205364 - ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]** (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 California - ------------------------------------------------------------------------------ 7. SOLE VOTING POWER -0- NUMBER OF ----------------------------------------------------------- SHARES 8. SHARED VOTING POWER 154,187.54 BENEFICIALLY (of Series B Shares)** OWNED BY EACH 3,239,027 PERSON WITH (of common stock, after conversion)** ----------------------------------------------------------- 9. SOLE DISPOSITIVE POWER -0- ----------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 154,187.54 (of Series B Shares)** 3,239,027 (of common stock, after conversion)** - ------------------------------------------------------------------------------ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 154,187.54 (of Series B Shares)** 3,239,027 (of common stock, after conversion)** - ------------------------------------------------------------------------------ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 77.0% (of Series B Shares)** 36.5% (of common stock, after conversion)** - ------------------------------------------------------------------------------ 14. TYPE OF REPORTING PERSON PN, IA - ------------------------------------------------------------------------------ ** See Item 5 below. *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 713-839108 SCHEDULE 13D Page 4 of 11 - ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSON RICHARD C. BLUM & ASSOCIATES, INC. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-2967812 - ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]** (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 California - ------------------------------------------------------------------------------ 7. SOLE VOTING POWER -0- NUMBER OF ----------------------------------------------------------- SHARES 8. SHARED VOTING POWER 154,187.54 BENEFICIALLY (of Series B Shares)** OWNED BY EACH 3,239,027 PERSON WITH (of common stock, after conversion)** ----------------------------------------------------------- 9. SOLE DISPOSITIVE POWER -0- ----------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 154,187.54 (of Series B Shares)** 3,239,027 (of common stock, after conversion)** - ------------------------------------------------------------------------------ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 154,187.54 (of Series B Shares)** 3,239,027 (of common stock, after conversion)** - ------------------------------------------------------------------------------ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 77.0% (of Series B Shares)** 36.5% (of common stock, after conversion)** - ------------------------------------------------------------------------------ 14. TYPE OF REPORTING PERSON CO - ------------------------------------------------------------------------------ ** See Item 5 below. *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 713-839108 SCHEDULE 13D Page 5 of 11 - ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSON RICHARD C. BLUM S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ###-##-#### - ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]** (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 U.S.A. - ------------------------------------------------------------------------------ 7. SOLE VOTING POWER -0- NUMBER OF ----------------------------------------------------------- SHARES 8. SHARED VOTING POWER 154,187.54 BENEFICIALLY (of Series B Shares)** OWNED BY EACH 3,239,027 PERSON WITH (of common stock, after conversion)** ----------------------------------------------------------- 9. SOLE DISPOSITIVE POWER -0- ----------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 154,187.54 (of Series B Shares)** 3,239,027 (of common stock, after conversion)** - ------------------------------------------------------------------------------ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 154,187.54 (of Series B Shares)** 3,239,027 (of common stock, after conversion)** - ------------------------------------------------------------------------------ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 77.0% (of Series B Shares)** 36.5% (of common stock, after conversion)** - ------------------------------------------------------------------------------ 14. TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------ ** See Item 5 below. *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 713-839108 SCHEDULE 13D Page 6 of 11 - ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSON THE COMMON FUND FOR NONPROFIT ORGANIZATIONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 23-7037968 - ------------------------------------------------------------------------------ 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 New York - ------------------------------------------------------------------------------ 7. SOLE VOTING POWER -0- NUMBER OF ----------------------------------------------------------- SHARES 8. SHARED VOTING POWER 31,064.14 BENEFICIALLY (of Series B Shares)** OWNED BY EACH 641,676 PERSON WITH (of common stock, after conversion)** ----------------------------------------------------------- 9. SOLE DISPOSITIVE POWER -0- ----------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 31,064.14 (of Series B Shares)** 641,676 (of common stock, after conversion)** - ------------------------------------------------------------------------------ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 31,064.14 (of Series B Shares)** 641,676 (of common stock, after conversion)** - ------------------------------------------------------------------------------ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 15.5% (of Series B Shares)** 10.1% (of common stock, after conversion)** - ------------------------------------------------------------------------------ 14. TYPE OF REPORTING PERSON CO - ------------------------------------------------------------------------------ ** See Item 5 below. *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 713-839108 SCHEDULE 13D Page 7 of 11 This Amendment No. 4 amends the Statement on Schedule 13D (the "Schedule 13D") filed with the Securities and Exchange Commission (the "Commission") June 30, 1999 by PB Capital Partners, L.P., a Delaware limited partnership ("PB Capital"), BLUM Capital Partners, L.P. (formerly Richard C. Blum & Associates, L.P.), a California limited partnership ("BLUM LP"); Richard C. Blum & Associates, Inc., a California corporation ("RCBA Inc."); Richard C. Blum, the Chairman and a substantial shareholder of RCBA Inc.; and The Common Fund for Nonprofit Organizations, a New York nonprofit corporation ("The Common Fund") (collectively, the "Reporting Persons"). This Amendment No. 4 relates to the Series B Cumulative Convertible Preferred Stock (the "Series B Shares") of the Perini Corporation (the "Issuer") and the common stock of the Issuer into which such stock is convertible. The principal executive office and mailing address of the Issuer is 73 Mt. Wayne Avenue, Framingham, Massachusetts 01701. The following amendments to Items 2 and 5 of the Schedule 13D are hereby made. Unless otherwise defined herein, all capitalized terms shall have the meanings ascribed to them in the Schedule 13D. Item 2. Identity and Background - -------------------------------- Item 2 of the Schedule 13D is hereby amended to include the following additional information. In September 1999, Richard C. Blum & Associates, L.P. changed its name to BLUM Capital Partners, L.P. BLUM LP is a California limited partnership whose principal business is acting as general partner for investment partnerships and providing investment advisory services. BLUM LP is an investment advisor registered with the Securities and Exchange Commission. The sole general partner of BLUM LP is RCBA Inc. The principal business office address of BLUM LP and RCBA Inc. is 909 Montgomery Street, Suite 400, San Francisco, California 94133. The names of the executive officers and directors of RCBA Inc., their addresses, citizenship and principal occupations are as follows: Name and Business Citizen- Principal Occupation Office Held Address ship or Employment - -------------------- ----------------------- --------- -------------------- Richard C. Blum 909 Montgomery St. USA President & Chairman, President & Suite 400 BLUM LP Chairman San Francisco, CA 94133 Nils Colin Lind 909 Montgomery St. Norway Managing Partner, Managing Partner Suite 400 BLUM LP & Director San Francisco, CA 94133 Jeffrey W. Ubben 909 Montgomery St. USA Managing Partner, Managing Partner Suite 400 BLUM LP & Director San Francisco, CA 94133 CUSIP NO. 713-839108 SCHEDULE 13D Page 8 of 11 Name and Business Citizen- Principal Occupation Office Held Address ship or Employment - -------------------- ----------------------- --------- -------------------- Claus J. Moller 909 Montgomery St. Denmark Managing Partner, Managing Partner Suite 400 BLUM LP & Director San Francisco, CA 94133 George F. Hamel, Jr. 909 Montgomery St. USA Partner, Partner Suite 400 BLUM LP San Francisco, CA 94133 Marc T. Scholvinck 909 Montgomery St. USA Partner & Chief Partner, Chief Suite 400 Financial Officer, Chief Financial, San Francisco, CA 94133 BLUM LP Assistant Secretary & Director Murray A. Indick 909 Montgomery St. USA Partner and Partner, General Suite 400 General Counsel, Counsel & Secretary San Francisco, CA 94133 BLUM LP John C. Walker 909 Montgomery St. USA Partner, Partner Suite 400 BLUM LP San Francisco, CA 94133 Kevin A. Richardson 909 Montgomery St. USA Partner, Partner Suite 400 BLUM LP San Francisco, CA 94133 To the best knowledge of the Reporting Persons, none of the entities or persons identified in this Item 2 has, during the past five years, been convicted of any criminal proceeding (excluding traffic violations or similar misdemeanors), nor been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a 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 5. Interest in Securities of the Issuer - --------------------------------------------- Item 5 of the Schedule 13D is hereby amended as follows: (a),(b) According to information provided by Issuer, there were 200,183.85 shares of the Series B Shares and 5,682,287 shares of the Common Stock issued and outstanding as of December 21, 1999. Based on the above information, after taking into account the transactions described in Item 5(c) below, the following Reporting Persons will report the following holdings and corresponding percentage interests in the Series B CUSIP NO. 713-839108 SCHEDULE 13D Page 9 of 11 Shares and Common Shares (assuming the conversion of each Reporting Person's Series B Shares into Common Shares): Total Common Shares Series B Shares (after conversion) --------------------- --------------------- Name No. Owned % Owned No. Owned % Owned - ----------------- --------- ------- --------- ------- PB Capital 123,123.40 61.5% 2,593,097(1) 31.5% The Common Fund 31,064.14 15.5% 641,676 10.1% BLUM LP 154,187.54 77.0% 3,239,027(2) 36.5% RCBA Inc. 154,187.54 77.0% 3,239,027(2) 36.5% Richard C. Blum 154,187.54 77.0% 3,239,027(2) 36.5% Note (1) Includes 49,801 shares of common stock of Issuer owned by the United Brotherhood of Carpenters Pension Fund ("UBC"), which is a limited partner of PB Capital. Note (2) Includes shares of common stock (after conversion) of Issuer as follows: the 2,593,097 shares described in Note (1); the 641,676 shares owned by The Common Fund; and 4,254 shares owned by BLUM LP. Richard C. Blum is a significant stockholder and chairman of RCBA Inc., the general partner of BLUM LP, which is the general partner of PB Capital with voting and investment power concerning PB Capital's shares, and the investment advisor to The Common Fund with voting and investment power over The Common Fund's shares. BLUM LP, RCBA Inc. and Mr. Blum disclaim beneficial ownership of such shares except to the extent of any pecuniary interest therein. The Common Fund disclaims membership in a group with any of the Reporting Persons, and disclaims beneficial ownership of any shares held by the Reporting Persons. (c) On December 15, 1999, the Issuer issued 3,003.01 additional Series B Shares to PB Capital as payment-in-kind dividends payable on PB Capital's pre- existing Series B Shares, and 757.66 additional Series B Shares to The Common Fund as payment-in-kind dividends payable on The Common Fund's pre-existing Series B Shares. The Reporting Persons have engaged in no transaction involving shares of the Common Stock for the 60 days prior to the date of the event requiring the filing of this statement. (d), (e) No change. Item 7. Material to Be Filed as Exhibits - -------------------------------------------- Exhibit A Joint Filing Undertaking CUSIP NO. 713-839108 SCHEDULE 13D Page 10 of 11 SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. December 22, 1999 RICHARD C. BLUM & ASSOCIATES, INC. BLUM CAPITAL PARTNERS, L.P. By Richard C. Blum & Associates, Inc. its general partner By /s/ Murray A. Indick By /s/ Murray A. Indick ------------------------------- ----------------------------------- Murray A. Indick Murray A. Indick Partner, General Counsel Partner, General Counsel and Secretary and Secretary /s/ Murray A. Indick PB CAPITAL PARTNERS, L.P. ------------------------------------- By BLUM Capital Partners, L.P., RICHARD C. BLUM its general partner By Richard C. Blum & Associates, Inc., By Murray A. Indick its general partner Attorney-in-Fact By /s/ Murray A. Indick ------------------------------- Murray A. Indick Partner, General Counsel and Secretary THE COMMON FUND FOR NON-PROFIT ORGANIZATIONS By BLUM Capital Partners, L.P., its investment advisor By Richard C. Blum & Associates, Inc. its general partner By /s/ Murray A. Indick ------------------------------- Murray A. Indick Partner, General Counsel and Secretary CUSIP NO. 713-839108 SCHEDULE 13D Page 11 of 11 Exhibit A Joint Filing Undertaking The undersigned, being duly authorized thereunto, hereby execute this agreement as an exhibit to the Schedule 13D to evidence the agreement of the below-named parties, in accordance with the rules promulgated pursuant to the Securities Exchange Act of 1934, to file this Schedule jointly on behalf of each such party. December 22, 1999 RICHARD C. BLUM & ASSOCIATES, INC. BLUM CAPITAL PARTNERS, L.P. By Richard C. Blum & Associates, Inc. its general partner By /s/ Murray A. Indick By /s/ Murray A. Indick ------------------------------- ----------------------------------- Murray A. Indick Murray A. Indick Partner, General Counsel Partner, General Counsel and Secretary and Secretary /s/ Murray A. Indick PB CAPITAL PARTNERS, L.P. ------------------------------------- By BLUM Capital Partners, L.P., RICHARD C. BLUM its general partner By Richard C. Blum & Associates, Inc., By Murray A. Indick its general partner Attorney-in-Fact By /s/ Murray A. Indick ------------------------------- Murray A. Indick Partner, General Counsel and Secretary THE COMMON FUND FOR NON-PROFIT ORGANIZATIONS By BLUM Capital Partners, L.P., its investment advisor By Richard C. Blum & Associates, Inc. its general partner By /s/ Murray A. Indick ------------------------------- Murray A. Indick Partner, General Counsel and Secretary -----END PRIVACY-ENHANCED MESSAGE-----