-----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, Q6ae7j4G5WTphC2et/CUDutEnJ0SsiI15spE3k20vGuvmNZRUOGS8gZPOBJx1fiJ heaWz0hCm0haWkPr74oYrg== 0000950130-97-000469.txt : 19970211 0000950130-97-000469.hdr.sgml : 19970211 ACCESSION NUMBER: 0000950130-97-000469 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19970207 SROS: NONE GROUP MEMBERS: GOLDMAN SACHS GROUP LP GROUP MEMBERS: GOLDMAN, SACHS & CO. GROUP MEMBERS: GS ADVISORS, L.P. GROUP MEMBERS: GS CAPITAL PARTNERS, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GANDER MOUNTAIN INC CENTRAL INDEX KEY: 0000789598 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961] IRS NUMBER: 391742710 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-39005 FILM NUMBER: 97520617 BUSINESS ADDRESS: STREET 1: PO BOX 128 HGWY W CITY: WILMOT STATE: WI ZIP: 53192 BUSINESS PHONE: 4148622331 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GOLDMAN SACHS GROUP LP CENTRAL INDEX KEY: 0000904571 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 133501777 STATE OF INCORPORATION: NY FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 85 BROAD ST CITY: NEW YORK STATE: NY ZIP: 10004 BUSINESS PHONE: 2129021000 MAIL ADDRESS: STREET 1: 85 BROAD STREET CITY: NEW YORK STATE: NY ZIP: 10004 SC 13D/A 1 AMENDMENT NO. 3 TO SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 AMENDMENT NO. 3 Gander Mountain, Inc. ----------------------------------------- (Name of Issuer) Common Stock, par value $0.01 ----------------------------------------- (Title of Class of Securities) 364 719 104 ----------------------------------------- (CUSIP Number) David J. Greenwald, Esq. Goldman, Sachs & Co. 85 Broad Street New York, New York 10004 (212) 902-1000 ---------------------------------- (Name, address and telephone number of person authorized to receive notices and communications) February 3, 1997 ----------------------------------------- (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: ______ - ----------------------- CUSIP NO. 364 719 104 - ----------------- - -------------------------------------------------------------------------------- 1. Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Goldman, Sachs & Co. - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) ---- (b) _____ - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- Number of 7 Sole Voting Power Shares Beneficially -0- Owned By ---------------------------- Each 8 Shared Voting Power Reporting -0- Person With ---------------------------- 9 Sole Dispositive Power -0- ---------------------------- 10 Shared Dispositive Power -0- ---------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person -0- - ----------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares _______ - ----------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 0.0% - ----------------------------------------------------------------- 14. Type of Reporting Person BD-PN-IA - ------------------------------------------------------------------------- Page 2 - ----------------------- CUSIP NO. 364 719 104 - ----------------- - -------------------------------------------------------------------------------- 1. Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person The Goldman Sachs Group, L.P. - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) ---- (b) _____ - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- Number of 7 Sole Voting Power Shares -0- Beneficially ---------------------------- Owned By 8 Shared Voting Power Each -0- Reporting ---------------------------- Person With 9 Sole Dispositive Power -0- ---------------------------- 10 Shared Dispositive Power -0- ---------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person -0- - ----------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares _______ - ----------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 0.0% - ----------------------------------------------------------------- 14. Type of Reporting Person HC-PN - ---------------------------------------------------------------------- Page 3 _____________________ CUSIP NO. 364 719 104 - ----------------- - -------------------------------------------------------------------------------- 1. Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person GS Advisors, L.P. - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) ---- (b) ---- - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- Number of 7 Sole Voting Power Shares Beneficially -0- Owned By ---------------------------- Each 8 Shared Voting Power Reporting -0- Person With ---------------------------- 9 Sole Dispositive Power -0- ---------------------------- 10 Shared Dispositive Power -0- ---------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person -0- - ----------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares _______ - ----------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 0.0% - ----------------------------------------------------------------- 14. Type of Reporting Person PN - ----------------------------------------------------------------- Page 4 - ---------------------- CUSIP NO. 364 719 104 - ----------------- - -------------------------------------------------------------------------------- 1. Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person GS Capital Partners, L.P. - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) ---- (b) ---- - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- Number of 7 Sole Voting Power Shares Beneficially -0- Owned By ---------------------------- Each 8 Shared Voting Power Reporting -0- Person With ---------------------------- 9 Sole Dispositive Power -0- ---------------------------- 10 Shared Dispositive Power -0- ---------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person -0- - ----------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares ________ - ----------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 0.0% - ----------------------------------------------------------------- 14. Type of Reporting Person PN - ----------------------------------------------------------------- Page 5 AMENDMENT NO. 3 TO SCHEDULE 13D RELATING TO THE COMMON STOCK OF GANDER MOUNTAIN, INC. This Amendment No. 3 is the final amendment to the Statement on Schedule 13D as most recently amended on May 18, 1994 (the "Schedule 13D") filed by GS Capital Partners, L.P. ("GSCP"), GS Advisors, L.P. ("GS Advisors"), Goldman Sachs & Co. ("Goldman Sachs") and The Goldman Sachs Group, L.P. ("GS Group" and together with GSCP, GS Advisors and Goldman Sachs, the "Filing Persons")/1/, relating to the Common Stock, par value $0.01 per share (the "Common Stock"), of Gander Moutain, Inc., a Wisconsin corporation (the "Company"), which is issuable upon conversion of the Series A Cumulative Convertible Exchangeable Preferred Stock, par value $0.10 per share (the "Series A Preferred Stock"), of the Company. All capitalized terms not otherwise defined herein shall have the meanings ascribed thereto in the Schedule 13D. This Amendment No. 3 is being filed to amend Items 4, 5, 6 and 7 of the Schedule 13D as set forth below to reflect the sale of all of the shares of Common Stock beneficially owned by the Filing Persons. 1. Item 4 of the Schedule 13D is hereby amended to add the following: As of January 16, 1997, GSCP and the other Limited Partnerships entered into a Stock Purchase Agreement (the "Stock Purchase Agreement") with Holiday Gander Acquiring L.L.C. pursuant to which GSCP and each of the other Limited Partnerships agreed to sell all of the shares of Series A Preferred Stock owned by it for an aggregate purchase price of $850,000 (the "Sale"). A copy of the Stock Purchase Agreement is attached as Exhibit 8 hereto and is incorporated herein. The closing of the Sale under the Stock Purchase Agreement occurred on February 3, 1997 and, as a result, the Filing Persons no longer beneficially own any shares of Common Stock. The purpose of the transaction was to facilitate distributions to be made to the holders of Series A Preferred Stock pursuant to the Company's Second Amended Joint Plan of Reorganization, dated December 16, 1996. 2. Item 5(a) of the Schedule 13D is hereby amended to add the following: As a result of the closing of the Sale and the disposition by GSCP and the other Limited Partnerships of the shares of Series A Preferred Stock owned by each of them, the Filing Persons no longer have any beneficial ownership or interest in, the Common Stock or any other securities of the Company. 3. Item 5(b) of the Schedule 13D is hereby amended to add the following: As a result of the closing of the Sale and the disposition by GSCP and the other Limited Partnerships of the shares of Series A Preferred Stock owned by each of them, the Filing Persons no longer have any sole or shared power to vote or dispose of the Common Stock or any other securities of the Company. 4. Item 5(c) of the Schedule 13D is hereby amended to add the following: Other than the Sale, there have been no transactions by the Filing Persons in the Common Stock during the past sixty days. 5. Item 5(e) of the Schedule 13D is hereby amended to add the following: At the time of the closing of the Sale on February 3, 1997, each of the Filing Persons ceased to be the beneficial owner of more than five percent of the outstanding Common Stock, as described above. 6. Item 6 of the Schedule 13D is hereby amended to add the following: As of January 16, 1997, GSCP and the other Limited Partnerships entered into the Stock Purchase Agreement pursuant to which GSCP and each of the other Limited Partnerships agreed to sell all of the shares of Series A Preferred Stock owned by it for an aggregate purchase price of $850,000. A copy of the Stock Purchase Agreement is attached as Exhibit 8 hereto and is incorporated herein. The closing of the Sale under the Stock Purchase Agreement occurred on February 3, 1997 and, as a result, the Filing Persons no longer beneficially own any shares of Common Stock. 7. Item 7 of the Schedule 13D is hereby amended to add the following: 8. Stock Purchase Agreement - --------------- /1/ Neither the present filing nor anything contained herein shall be construed as an admission that any Filing Person constitutes a "person" for any purpose other than Section 13(d) of the Securities Exchange Act of 1934, or that the Filing Persons constitute a "group" for any purpose. 6 SIGNATURE --------- After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth is true, complete and correct. Dated: February 7, 1997 GOLDMAN, SACHS & CO. By:/s/ Richard A. Friedman ---------------------------------------- Name: Richard A. Friedman Title: Managing Director THE GOLDMAN SACHS GROUP, L.P. By: The Goldman Sachs Corporation, its general partner By: /s/ Richard A. Friedman ----------------------------------------- Name: Richard A. Friedman Title: Executive Vice President GS ADVISORS, L.P. By: GS Advisors, Inc., its general partner By: /s/ Richard A. Friedman ---------------------------------------- Name: Richard A. Friedman Title: President GS CAPITAL PARTNERS, L.P. By: GS Advisors, L.P., its general partner By: GS Advisors, Inc., its general partner By: /s/ Richard A. Friedman ----------------------------------------- Name: Richard A. Friedman Title: President EX-8 2 STOCK PURCHASE AGREEMENT STOCK PURCHASE AGREEMENT This Agreement is dated as of January 16, 1997, by and between Holiday Gander Acquiring L.L.C., Inc. ("Holiday") and GS Capital Partners, L.P. ("GS"), Stone Street Fund 1993, L.P., Bridge Street Fund 1993, L.P., Stone Street Fund 1994, L.P. and Bridge Street Fund 1994, L.P. (collectively, the "Sellers"). RECITALS -------- A. Each Seller is the holder of the number of shares of Gander Mountain, Inc. Series A Redeemable, Cumulative, Convertible, Exchangeable Preferred Stock, $0.10 par value (the "Stock") set forth opposite such Seller's name on the signature pages hereto. B. Gander Mountain, Inc. and its subsidiaries, GRS, Inc. and GMO, Inc. (collectively, the "Debtors"), are Chapter 11 debtors-in-possession under the jurisdiction of the United States Bankruptcy Court for the Eastern District of Wisconsin (the "Bankruptcy Court") in cases 96-26478-RAE, 96-26479-RAE and 96- 26480-RAE, respectively. The Debtors have filed a Second Amended Joint Plan of Reorganization, dated December 16, 1996 (the "Plan"), which is scheduled for a confirmation hearing in Milwaukee, Wisconsin on January 23, 1997. The Plan provides, among other things, for a sale of the Debtors' assets to Holiday and cancellation of all outstanding equity interests in exchange for certain payments to the holders. GS has filed certain objections to confirmation of the Plan. C. Holiday has offered to purchase, and each Seller is willing to sell, the Stock on the terms and conditions set forth below. AGREEMENT --------- NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which is acknowledged by the parties, Holiday and each Seller agrees as follows: 1. Each Seller represents and warrants that it is the holder of the number of shares of Stock set forth opposite such Seller's name on the signature pages hereto. 2. On the "Effective Date" of the Plan (as defined therein), or any modified plan of reorganization for the Debtors acceptable to Holiday and GS, each Seller shall sell and assign, and Holiday shall purchase and accept, without recourse and without representations or warranties of any kind, except as specifically contained in this Agreement, all of such Seller's right, title and interest in and to the Stock owned by it. 3. The aggregate purchase price to be paid by Holiday to the Sellers for the Stock shall be EIGHT HUNDRED FIFTY THOUSAND DOLLARS AND NO/100 ($850,000.00) (the "Purchase Price"), in immediately available funds, which funds shall be wired transferred to the account of, or for the benefit of, each Seller (or its designee) as follows: Chase Manhattan Bank, N.A., ABA#021-000-021 For the account of Goldman, Sachs & Co. Account No. _________ Each Seller acknowledges that receipt of the Purchase Price shall constitute payment in full for the Stock and that Holiday, upon payment of the Purchase Price, shall be entitled to any distribution made on account of the Stock under the Plan, or any modified plan. In the event a distribution is made to any Seller, as holder of record on the "Confirmation Date," such Seller shall promptly remit the distribution to Holiday. Notwithstanding the foregoing, nothing herein shall assign, transfer or otherwise affect any other claims of the Sellers as reflected on the Debtors' schedules or any timely filed Proof of Claim filed in the Bankruptcy Court. 4. Each Seller represents and warrants that it has good title to the Stock owned by it, and that its interest will be transferred free and clear of any security interests, liens or other encumbrances, and that it has the right and authority to sell the Stock owned by it. GS further represents that it has filed a ballot as a holder of a "Class Six" interest under the Plan accepting the Plan and that it will, prior to the hearing on confirmation of the Plan, withdraw its objections to confirmation of the Plan. 5. Each Seller agrees to execute and deliver such additional documents of assignment or endorsement as Holiday may reasonably request to carry out the terms and conditions of this Agreement. 6. This Agreement contains the complete agreement of the parties with respect to the purchase and sale of the Stock. This Agreement may not be modified or amended except by a writing signed by the parties. This Agreement shall be governed by and construed in accordance with the laws of the State of New York. 7. This Agreement may be executed in counter-parts. -2- IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly authorized and executed as of January 16, 1997. HOLIDAY GANDER ACQUIRING L.L.C. By /s/ ----------------------------- Its Assistant Secretary ------------------------ GS CAPITAL PARTNERS, L.P. Number of Shares ---------------- By: GS Advisors, L.P., general partner of GS Capital Partners, L.P. 170,000 By: GS Advisors, Inc. general partner GS Advisors, L.P. By: /s/ --------------------------- Name Title STONE STREET FUND 1993, L.P. By: Stone Street Resource Corp., its general partner 7,089 By: /s/ ----------------------------- Name: Title: BRIDGE STREET FUND 1993, L.P. By: Stone Street Resource Corp., its managing general partner 7,911 By: /s/ ----------------------------- Name: Title: -3- STONE STREET FUND 1994, L.P, By: Stone Street Funding Corp, its general partner 7,327 By: /s/ ------------------------------- Name Title BRIDGE STREET FUND 1994, L.P. By: Stone Street Funding Corp., its managing general partner 7,673 By: /s/ ------------------------------- Name: Title: -4- -----END PRIVACY-ENHANCED MESSAGE-----