-----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, ByIv5cQZlwmJFW51ca/GOeqelexboPDySHjx7bBdBLNJkA1sQliKIur15oGg2QJn h+Hj/gqL2cZf50XGupPmGw== 0000899140-99-000191.txt : 19990311 0000899140-99-000191.hdr.sgml : 19990311 ACCESSION NUMBER: 0000899140-99-000191 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990310 GROUP MEMBERS: E.M. WARBURG, PINCUS & CO., LLC GROUP MEMBERS: GOLDEN PRESS HOLDING LLC GROUP MEMBERS: WARBURG, PINCUS & CO. GROUP MEMBERS: WARBURG, PINCUS VENTURES, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GOLDEN BOOKS FAMILY ENTERTAINMENT INC CENTRAL INDEX KEY: 0000790706 STANDARD INDUSTRIAL CLASSIFICATION: BOOKS: PUBLISHING OR PUBLISHING AND PRINTING [2731] IRS NUMBER: 061104930 STATE OF INCORPORATION: DE FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-38224 FILM NUMBER: 99561846 BUSINESS ADDRESS: STREET 1: 888 SEVENTH AVE 40TH FL STREET 2: STE 601 CITY: NEW YORK STATE: NY ZIP: 10106 BUSINESS PHONE: 2125476700 MAIL ADDRESS: STREET 1: 850 THIRD AVENUE STREET 2: STE 601 CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: WESTERN PUBLISHING GROUP INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GOLDEN PRESS HOLDING LLC CENTRAL INDEX KEY: 0001007566 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O E M WARBURG PINCUS & CO INC STREET 2: 466 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2128780600 SC 13D/A 1 AMENDMENT NO. 6 TO SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 6) Golden Books Family Entertainment, Inc. --------------------------------------- (Name of Issuer) Common Stock, par value $0.01 per share --------------------------------------- (Title of Class of Securities) 380804104 --------- (CUSIP Number) Stephen Distler E.M. Warburg Pincus & Co., LLC 466 Lexington Avenue New York, New York 10017 (212) 878-0600 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) - with a copy to - Laurence D. Weltman, Esq. Willkie Farr & Gallagher 787 Seventh Avenue New York, New York 10019-6099 February 26, 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 [ ]. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See ss. 240.13d-7(b), 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 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). SCHEDULE 13D - ------------------- ----------------- CUSIP No. 380804104 Page 2 of 8 Pages - ------------------- ----------------- - ----------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Warburg, Pincus Ventures, L.P. I.D. # 13-3784037 - ----------- -------------------------------------------------------------------- 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 PROCEEDING 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 BENEFICIALLY 11,936,271 OWNED BY --------- ------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON --------- ------------------------------------------------ WITH 10 SHARED DISPOSITIVE POWER 11,525,000 - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 11,525,000 - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 42.5% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - ----------- -------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D - ------------------- ----------------- CUSIP No. 380804104 Page 3 of 8 Pages - ------------------- ----------------- - ----------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Warburg, Pincus & Co. I.D. # 13-6358475 - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ----------- -------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING 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 BENEFICIALLY 11,936,271 OWNED BY --------- ------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON --------- ------------------------------------------------ WITH 10 SHARED DISPOSITIVE POWER 11,525,000 - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 11,525,000 - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 42.5% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - ----------- -------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D - ------------------- ----------------- CUSIP No. 380804104 Page 4 of 8 Pages - ------------------- ----------------- - ----------- -------------------------------------------------------------------- 1 NAME OF REPORTING PER SON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Golden Press Holding, L.L.C. - ----------- -------------------------------------------------------------------- 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 PROCEEDING 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 BENEFICIALLY 11,936,271 OWNED BY --------- ------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON --------- ------------------------------------------------ WITH 10 SHARED DISPOSITIVE POWER 11,525,000 - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 11,525,000 - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 42.5% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - ----------- -------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D - ------------------- ----------------- CUSIP No. 380804104 Page 5 of 8 Pages - ------------------- ----------------- - ----------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON E.M. Warburg, Pincus & Co., LLC I.D. # 13-3536050 - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ----------- -------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING 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 BENEFICIALLY 11,936,271 OWNED BY --------- ------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 PERSON --------- ------------------------------------------------ WITH 10 SHARED DISPOSITIVE POWER 11,525,000 - ----------- -------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 11,525,000 - ----------- -------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ----------- -------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 42.5% - ----------- -------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - ----------- -------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. Introductory Note. ------------------ This Amendment No. 6 amends the Schedule 13D filed by the Reporting Entities on February 12, 1996, as amended by Amendment No. 1 filed by the Reporting Entities on May 16, 1996, Amendment No. 2 filed by the Reporting Entities on March 7, 1997, Amendment No. 3 filed by the Reporting Entities on March 20, 1998, Amendment No. 4 filed by the Reporting Entities on July 20, 1998, and Amendment No. 5 filed by the Reporting Entities on September 18, 1998 (together, the "Schedule 13D"), relating to the Common Stock, par value $0.01 per share (the "Common Stock"), of Golden Books Family Entertainment, Inc., a Delaware corporation (the "Company"), and is being filed pursuant to Rule 13d-2 of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Unless otherwise indicated, all capitalized terms used but not defined herein shall have the same meaning as set forth in the Schedule 13D. The Reporting Entities are filing this Amendment to report that Golden Press Holding, LLC, a Delaware limited liability company ("GPH"), one of the Reporting Entities, has participated in a proposal to restructure the Company with an informal committee of the holders of the Company's 7.65% Senior Notes due 2002 (the "Senior Notes"), an informal committee of the holders of the Company's 8.75% Convertible Trust Originated Preferred Securities due 2016 (the "TOPrS"), and the Company's management (all such parties, including GPH, the "Restructuring Parties"). Item 4. Purpose of Transaction ---------------------- Item 4 of the Schedule 13D is hereby amended by the addition of the following paragraph: On February 26, 1999, the Company filed in the United States Bankruptcy Court for the Southern District of New York (the "Court") a voluntary petition for reorganization of the Company (the "Bankruptcy Case") under Chapter 11 of the United States Bankruptcy Code, as amended (the "Code"). The Bankruptcy Case was commenced in contemplation of a certain proposal of the Restructuring Parties for the restructuring of the Company (the "Proposal"), which Proposal is to be adopted within the terms of a pending agreement among the Restructuring Parties (the "Restructuring Agreement") and ultimately incorporated within a plan to be filed with the Court (the "Plan"), which Plan will supply the terms and procedures whereby the Company will be restructured upon the completion of the Bankruptcy Case (the "Reorganization"). If the Proposal is (i) adopted in the Restructuring Agreement, (ii) incorporated within the Plan, (iii) approved by the Court and (iv) fully implemented, than GPH will receive 5% of the Company's restructured common stock to be issued in the Reorganization (the "New Common Stock"), in exchange for all of the $10 million Senior Secured Notes held by GPH and issued by the Company's subsidiary Golden Books Home Video, Inc. ("Home Video"). In connection with the exchange of such notes, GPH will release its liens on certain property of the Page 6 of 8 Pages Company and Home Video which secure the Senior Secured Notes of Home Video. The Proposal also provides for GPH, as the holder of all of the Company's Series B Convertible Preferred Stock (the "Preferred Shares"), to receive warrants to purchase approximately 3.34% of the New Common Stock. Further, the Proposal provides that holders of the Company's Common Stock, including GPH (and giving effect to all accrued and unpaid dividends on the Preferred Shares) will receive warrants to purchase approximately 1.67% of the New Common Stock. Additionally, the Proposal provides for the exchange of all the Senior Notes, in the aggregate principal amount of $150 million, together with any accrued and unpaid interest thereon, for (i) a new secured note in the aggregate principal amount of $87 million due 2004 with interest payable, at the Company's option for the first three years from issuance at 10% in cash or 13.5% in kind (with all interest to be paid in cash after the third anniversary from issuance of the notes) and (ii) 42.5% of the New Common Stock. The Proposal further provides for the exchange of all the TOPrS, in the aggregate principal amount of $118 million, together with any accrued and unpaid interest thereupon, for 50% of the New Common Stock. Under the Proposal, the Reporting Entities would consent to the execution of a debtor-in-possession financing arrangement by which the Company shall borrow up to $55 million to maintain its on-going operations and complete the Reorganization. The foregoing summary of the Proposal does not purport to be complete and is subject to the complete terms of the Restructuring Agreement when signed. Additionally, the final terms of the Reorganization will be subject to the final terms of the Plan to be filed by the Company with the Court as such Plan may ultimately be proposed and approved. Item 5. Interest in Securities of the Issuer ------------------------------------ Item 5 of the Schedule 13D is hereby amended by deleting subparagraphs (a) and (b) therein and replacing them with the following: (a) and (b). GPH may be deemed to beneficially own the shares of Common Stock to which the Irrevocable Proxies relate which presently, based on filings with the Commission by the record owners of such shares, constitute an aggregate of approximately 3,661,271 shares of Common Stock. This number may decrease, as such shares are entitled to be transferred to third parties pursuant to the terms of the Irrevocable Proxies. Each of the Reporting Entities may be deemed to share the power to vote or direct the voting of such shares and therefore to beneficially own such shares. To the knowledge of the Reporting Entities, the power to direct the disposition of such shares is held by Richard Bernstein and certain of his affiliates. Page 7 of 8 Pages Additionally, on the date hereof, GPH owns of record 1,775,000 shares of Common Stock received as dividends on the Preferred Shares held by GPH. By their terms, GPH is entitled to receive as quarterly dividends on the Preferred Shares 195,000 shares of Common Stock (together with certain amounts of cash if the market value of the Common Stock falls below certain thresholds specified in the Certificate of Designation relating to the Preferred Shares) through May 8, 2000. However, the Company is presently in default upon the payment of 195,000 shares of Common Stock and certain cash amounts due as unpaid dividends on the Preferred Shares. GPH may also be deemed to beneficially own the 6,500,000 shares of Common Stock issuable upon conversion of the Preferred Shares and the 3,250,000 shares issuable upon exercise of the Warrant, which are each convertible and exercisable, respectively, at a price of $10.00 per share of Common Stock to be received by such conversion or exercise. Each of the Reporting Entities may be deemed to share the power to vote and dispose of such shares and therefore to beneficially own such shares. Based on the 27,099,814 shares of Common Stock outstanding on September 30, 1998 (as reported by the Company in its Quarterly Report on Form 10-Q for the period ending September 30, 1998, filed with the Commission on November 11, 1998) treating as outstanding the shares of Common Stock issuable upon conversion of the Preferred Shares and exercise of the Warrant, but excluding the unpaid dividend of Common Stock accrued in respect of the Preferred Shares, the Reporting Entities beneficially own approximately 42.5% of the voting power relating to the Common Stock. Page 8 of 8 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. Dated: March 10, 1999 GOLDEN PRESS HOLDING, L.L.C. By: Warburg, Pincus Ventures, L.P., Member By: Warburg, Pincus & Co., General Partner By: /s/ Stephen Distler ------------------------- Name: Stephen Distler Title: Partner WARBURG, PINCUS VENTURES, L.P. By: Warburg, Pincus & Co., General Partner By: /s/ Stephen Distler -------------------------- Name: Stephen Distler Title: Partner WARBURG, PINCUS & CO. By: /s/ Stephen Distler -------------------------- Name: Stephen Distler Title: Partner E.M. WARBURG, PINCUS & CO., LLC By: /s/ Stephen Distler -------------------------- Name: Stephen Distler Title: Managing Director -9- SCHEDULE I ---------- Set forth below is the name, position and present principal occupation of each of the general partners of Warburg, Pincus & Co. ("WP") and each of the members of E.M. Warburg, Pincus & Co., LLC ("EMW"). The sole general partner of Warburg, Pincus Ventures, L.P. ("Ventures") is WP. WP, EMW and Ventures are hereinafter collectively referred to as the "Reporting Entities." Except as otherwise indicated, the business address of each of such persons is 466 Lexington Avenue, New York, New York 10017, and each of such persons is a citizen of the United States. Present Principal Occupation in Addition to Position with WP, and Positions with the Name Reporting Entities - ---- ---------------------------- Joel Ackerman Managing Director and Member, EMW Alvaro J. Aguirre Managing Director and Member, EMW Harold Brown Senior Managing Director and Member, EMW W. Bowman Cutter Managing Director and Member, EMW Elizabeth B. Dater Managing Director and Member, EMW Cary J. Davis Managing Director and Member, EMW Stephen Distler Managing Director, Member and Treasurer, EMW Harold W. Ehrlich Managing Director and Member, EMW Kyle F. Frey Managing Director and Member, EMW John L. Furth Managing Director and Member, EMW Stewart K.P. Gross Managing Director and Member, EMW Patrick T. Hackett Managing Director and Member, EMW Jeffrey A. Harris Managing Director and Member, EMW William H. Janeway Managing Director and Member, EMW Robert Janis Managing Director and Member, EMW Douglas M. Karp Managing Director and Member, EMW Charles R. Kaye Managing Director and Member, EMW -10- Henry Kressel Managing Director and Member, EMW Joseph P. Landy Managing Director and Member, EMW Sidney Lapidus Managing Director and Member, EMW Kewsong Lee Managing Director and Member, EMW Reuben S. Leibowitz Managing Director and Member, EMW S. Joshua Lewis Managing Director and Member, EMW Scott T. Lewis Managing Director and Member, EMW David E. Libowitz Managing Director and Member, EMW Brady T. Lipp Managing Director and Member, EMW Stephen J. Lurito Managing Director and Member, EMW Lynn S. Martin Managing Director and Member, EMW Nancy Martin Managing Director and Member, EMW Edward J. McKinley Managing Director and Member, EMW Rodman W. Moorhead III Senior Managing Director and Member, EMW Maryanne Mullarkey Managing Director and Member, EMW Howard H. Newman Managing Director and Member, EMW Gary D. Nusbaum Managing Director and Member, EMW Sharon B. Parente Managing Director and Member, EMW Dalip Pathak Managing Director and Member, EMW Lionel I. Pincus Chairman of the Board, CEO, and Managing Member, EMW; and Managing Partner, Pincus & Co. Eugene L. Podsiadlo Managing Director and Member, EMW Ernest H. Pomerantz Managing Director and Member, EMW Brian S. Posner Managing Director and Member, EMW Arnold M. Reichman Managing Director and Member, EMW Roger Reinlieb Managing Director and Member, EMW -11- John D. Santoleri Managing Director and Member, EMW Steven G. Schneider Managing Director and Member, EMW Donald C. Schutltheis Managing Director and Member, EMW Sheila N. Scott Managing Director and Member, EMW Harold Sharon Managing Director and Member, EMW Eugene J. Siembieda Managing Director and Member, EMW Barbara Tarmy Managing Director and Member, EMW James E. Thomas Managing Director and Member, EMW Donna M. Vandenbulcke Managing Director and Member, EMW John L. Vogelstein Vice Chairman and Member, EMW Elizabeth H. Weatherman Managing Director and Member, EMW Patricia F. Widner Managing Director and Member, EMW Pincus & Co.* NL & Co.** * New York limited partnership; its primary activity is ownership interest in WP and EMW. ** New York limited partnership; its primary activity is ownership interest in WP. -12- MEMBERS OF EMW -------------- Present Principal Occupation in Addition to Position with EMW, and Positions with the Reporting Entities ---------------------------- Name Joel Ackerman Partner, WP Alvaro J. Aguirre Partner, WP Harold Brown Partner, WP W. Bowman Cutter Partner, WP Elizabeth B. Dater Partner, WP Cary J. Davis Partner, WP Stephen Distler Partner, WP P. Nicholas Edwards(2) Harold W. Ehrlich Partner, WP Kyle F. Frey Partner, WP John L. Furth Partner, WP Stewart K.P. Gross Partner, WP Patrick T. Hackett Partner, WP Jeffrey A. Harris Partner, WP William H. Janeway Partner, WP Robert Janis Partner, WP Douglas M. Karp Partner, WP Charles R. Kaye Partner, WP Richard H. King(2) Henry Kressel Partner, WP Rajiv B. Lall(4) Joseph P. Landy Partner, WP Sidney Lapidus Partner, WP Kewsong Lee Partner, WP Reuben S. Leibowitz Partner, WP S. Joshua Lewis Partner, WP Scott T. Lewis Partner, WP David E. Libowitz Partner, WP Brady T. Lipp Partner, WP Stephen J. Lurito Partner, WP John W. MacIntosh(1) Lynn S. Martin Partner, WP Nancy Martin Partner, WP Edward J. McKinley Partner, WP James McNaught-Davis(2) Rodman W. Moorhead III Partner, WP Maryanne Mullarkey Partner, WP Howard H. Newman Partner, WP Gary D. Nusbaum Partner, WP Sharon B. Parente Partner, WP Dalip Pathak Partner, WP Lionel I. Pincus Managing Partner, WP; Chairman of the Board and CEO, EMW; Managing Partner, Pincus & Co. Eugene L. Podsiadlo Partner, WP -13- Ernest H. Pomerantz Partner, WP Brian S. Posner Partner, WP Arnold M. Reichman Partner, WP Roger Reinlieb Partner, WP John D. Santoleri Partner, WP Steven G. Schneider Partner, WP Donald C. Schultheis Partner, WP Sheila N. Scott Partner, WP Harold Sharon Partner, WP Dominic H. Shorthouse(2) Eugene J. Siembieda Partner, WP Chang Q. Sun(3) Barbara Tarmy Partner, WP James E. Thomas Partner, WP Donna M. Vandenbulcke Partner, WP John L. Vogelstein Partner, WP Elizabeth H. Weathermen Partner, WP Patricia F. Widner Partner, WP Jeremy S. Young(2) Pincus & Co.* (1) Citizen of Canada (2) Citizen of United Kingdom (3) Citizen of People's Republic of China (4) Citizen of India * New York limited partnership; its primary activity is ownership interest in WP and EMW. -14- -----END PRIVACY-ENHANCED MESSAGE-----