-----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, QW3Sdozjg25aHAtGQlNi+T3RzwTQ96ZmM+aNvfB2JX79V68sBWG7LZnkwwX1EV4F 0o0AaoNTbXG2nlQejKzTqQ== 0000938775-98-000008.txt : 19980217 0000938775-98-000008.hdr.sgml : 19980217 ACCESSION NUMBER: 0000938775-98-000008 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980212 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NORTHWEST AIRLINES CORP CENTRAL INDEX KEY: 0000917678 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] IRS NUMBER: 954205287 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-43817 FILM NUMBER: 98535638 BUSINESS ADDRESS: STREET 1: 2700 LONE OAK PKWY CITY: EAGAN STATE: MN ZIP: 55121 BUSINESS PHONE: 6127262111 MAIL ADDRESS: STREET 1: 5101 NORTHWEST DR CITY: ST PAUL STATE: MN ZIP: 55111-3034 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BLUM RICHARD C & ASSOCIATES L P CENTRAL INDEX KEY: 0000938775 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 943205364 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/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 SC 13G/A 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 3)* NORTHWEST AIRLINES CORPORATION ------------------------------ (Name of Issuer) Class A Common Stock, Par Value $0.01 ------------------------------------- (Title of Class of Securities) 667280-10-1 ----------- (CUSIP Number) *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 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 11 CUSIP NO. 667280-10-1 SCHEDULE 13G Page 2 of 11 - ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSON RICHARD C. BLUM & ASSOCIATES- NWA PARTNERS, L.P. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3097255 - ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - ------------------------------------------------------------------------------ 3. SEC USE ONLY - ------------------------------------------------------------------------------ 4. CITIZENSHIP OR PLACE OF ORGANIZATION California - ------------------------------------------------------------------------------ 5. SOLE VOTING POWER -0- NUMBER OF ----------------------------------------------------------- SHARES 6. SHARED VOTING POWER 5,001,390** BENEFICIALLY OWNED BY EACH ----------------------------------------------------------- PERSON WITH 7. SOLE DISPOSITIVE POWER -0- ----------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 5,001,390** - ------------------------------------------------------------------------------ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,001,390** - ------------------------------------------------------------------------------ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.2%** - ------------------------------------------------------------------------------ 12. TYPE OF REPORTING PERSON PN - ------------------------------------------------------------------------------ ** See response to Item 4 below *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 667280-10-1 SCHEDULE 13G Page 3 of 11 - ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSON RICHARD C. BLUM & ASSOCIATES, 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) [ ] - ------------------------------------------------------------------------------ 3. SEC USE ONLY - ------------------------------------------------------------------------------ 4. CITIZENSHIP OR PLACE OF ORGANIZATION California - ------------------------------------------------------------------------------ 5. SOLE VOTING POWER -0- NUMBER OF ----------------------------------------------------------- SHARES 6. SHARED VOTING POWER 5,001,390** BENEFICIALLY OWNED BY EACH ----------------------------------------------------------- PERSON WITH 7. SOLE DISPOSITIVE POWER -0- ----------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 5,001,390** - ------------------------------------------------------------------------------ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,001,390** - ------------------------------------------------------------------------------ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.2%** - ------------------------------------------------------------------------------ 12. TYPE OF REPORTING PERSON IA, PN - ------------------------------------------------------------------------------ ** See response to Item 4 below *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 667280-10-1 SCHEDULE 13G 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) [ ] - ------------------------------------------------------------------------------ 3. SEC USE ONLY - ------------------------------------------------------------------------------ 4. CITIZENSHIP OR PLACE OF ORGANIZATION California - ------------------------------------------------------------------------------ 5. SOLE VOTING POWER -0- NUMBER OF ----------------------------------------------------------- SHARES 6. SHARED VOTING POWER 5,001,390** BENEFICIALLY OWNED BY EACH ----------------------------------------------------------- PERSON WITH 7. SOLE DISPOSITIVE POWER -0- ----------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 5,001,390** - ------------------------------------------------------------------------------ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,001,390** - ------------------------------------------------------------------------------ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.2%** - ------------------------------------------------------------------------------ 12. TYPE OF REPORTING PERSON CO - ------------------------------------------------------------------------------ ** See response to Item 4 below *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 667280-10-1 SCHEDULE 13G 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) [ ] - ------------------------------------------------------------------------------ 3. SEC USE ONLY - ------------------------------------------------------------------------------ 4. CITIZENSHIP OR PLACE OF ORGANIZATION USA - ------------------------------------------------------------------------------ 5. SOLE VOTING POWER -0- NUMBER OF ----------------------------------------------------------- SHARES 6. SHARED VOTING POWER 5,001,390** BENEFICIALLY OWNED BY EACH ----------------------------------------------------------- PERSON WITH 7. SOLE DISPOSITIVE POWER -0- ----------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 5,001,390** - ------------------------------------------------------------------------------ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,001,390** - ------------------------------------------------------------------------------ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.2%** - ------------------------------------------------------------------------------ 12. TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------ ** See response to Item 4 below *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 667280-10-1 SCHEDULE 13G Page 6 of 11 Item 1(a). Name of Issuer: - ------------------------- Northwest Airlines (the "Issuer") Item 1(b). Address of Issuer's Principal Executive Offices: - ---------------------------------------------------------- 2700 Lone Oak Parkway, Eagan, MN 55121 Item 2(a). Name of Persons Filing: - ---------------------------------- Reference is made to Item 1 of each of the cover pages of this Schedule, which Items are incorporated by reference herein. Item 2(b). Address of Principal Business Office or, in None, Residence: - ----------------------------------------------------------------------- The address of each reporting person is 909 Montgomery Street, Suite 400, San Francisco, California 94133. Item 2(c). Citizenship: - ----------------------- Reference is made to Item 4 of each of the cover pages of this Schedule, which Items are incorporated by reference herein. Item 2(d). Title of Class of Securities: - ---------------------------------------- Class A Common Stock, $0.01 par value ("Common Stock"). Item 2(e). CUSIP Number: - ------------------------ 667280-10-1 Item 3. Type of Reporting Person: - --------------------------------- Not applicable Item 4. Ownership. - ------------------ Reference is hereby made to Items 5-9 and 11 of each of the cover pages to this Schedule, which Items are incorporated by reference herein. At December 31, 1997, the following shares of Common Stock were held directly by the following persons: Person Common Stock - -------------------------------- ------------- Richard C. Blum & Associates-NWA Partners, L.P. ("RCBA-NWA") 4,737,888 Richard C. Blum & Associates, L.P. 263,502 ("RCBA L.P.") CUSIP NO. 667280-10-1 SCHEDULE 13G Page 7 of 11 The general partner of RCBA-NWA is RCBA L.P. The general partner of RCBA L.P. is Richard C. Blum & Associates, Inc. ("RCBA Inc."). Richard C. Blum is a controlling person and chairman of RCBA Inc., and a limited partner of RCBA L.P. Because voting and investment decisions concerning the above securities may be made by or in conjunction with the other reporting persons, each of the reporting persons may be deemed a member of a group that shares voting and dispositive power over all of the above securities. Although the reporting persons are reporting such securities as if they were members of a group, the filing of this Schedule shall not be construed as an admission by any reporting person that it is a beneficial owner of any securities other than those directly held by such reporting person. As chairman, director and a substantial shareholder of RCBA, Inc., Mr. Blum might be deemed to be the beneficial owner of the securities beneficially owned by RCBA Inc., RCBA L.P. and RCBA-NWA. Mr. Blum reserves the right to disclaim beneficial ownership of securities beneficially owned by such entities. Although Mr. Blum is joining in this Amendment as a reporting person, the filing of this Amendment shall not be construed as a n admission that he, or any of the other shareholders, directors or executive officers of RCBA Inc. is, for any purpose, the beneficial owner of any of the securities that are beneficially owned by such entities. Mr. Blum and Thomas Kempner, a director or RCBA Inc., are also directors of the Issuer. RCBA-NWA is a party to a Second Amended and Restated Investor Stockholders' Agreement dated as of December 23, 1993, as amended (the "Stockholders' Agreement") with the other investor stockholders named therein (the "Original Investors") and the Issuer. See Exhibits B through H attached hereto. As a result of being a party to the Stockholders' Agreement, RCBA-NWA and the other reporting persons may be deemed members of a "group" for purposes of Section 13(d) of the Securities Exchange Act of 1934 and the rules and regulations thereunder. The reporting persons hereby disclaim their possible status as a member of such group for purposes of Section 13(d) and disclaim beneficial ownership of the shares of Common Stock of the Issuer owned by the other Original Investors. Pursuant to the Stockholders' Agreement, RCBA-NWA has agreed along with the other Original Investors holding together with RCBA-NWA in excess of 26.8% of the outstanding voting stock of the Issuer (on a fully diluted basis) to vote its shares of Common Stock of the Issuer for the election of certain directors (including Mr. Blum). Pursuant to the Amendment to the Second Amended and Restated Investor Stockholders' Agreement dated as of September 29, 1997, attached hereto as Exhibit H, KLM exercised its right, under the Stockholders' Agreement, to purchase from RCBA-NWA 658,755 shares Common Stock in exchange for 163.6001 shares of NWA Corp.'s Series A Preferred Stock (the "Series A Preferred Stock"), and 54.5250 shares of Series B Preferred Stock (the "Series B Preferred Stock"). In addition, pursuant to the Blum Preferred Stock Repurchase Agreement (the "Stock Repurchase Agreement"), between the Issuer and RCBA-NWA dated as of September 29, 1997, attached hereto as Exhibit I, CUSIP NO. 667280-10-1 SCHEDULE 13G Page 8 of 11 RCBA-NWA sold all of its shares of Series A Preferred Stock, 163.6001 shares, and all of its shares of Series B Preferred Stock, 1781.5250 shares (including 1,727 shares of the Series B Preferred Stock owned prior to the Stock Repurchase Agreement), to Issuer. Item 5. Ownership of Five Percent or Less of a Class. - ----------------------------------------------------- Not applicable. 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. Dissolution of Group. - ----------------------------- Not applicable Item 10. Certification. - ----------------------- Not applicable CUSIP NO. 667280-10-1 SCHEDULE 13G Page 9 of 11 SIGNATURES After reasonable inquiry and to the best or our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: February 12, 1998 RICHARD C. BLUM & ASSOCIATES-NWA PARTNERS, L.P. By: Richard C. Blum & Associates, L.P. its general partner By: /s/ Murray A. Indick -------------------------------------- Murray A. Indick Managing Director and General Counsel RICHARD C. BLUM & ASSOCIATES, L.P. By: /s/ Murray A. Indick --------------------------------------- Murray A. Indick Managing Director and General Counsel RICHARD C. BLUM & ASSOCIATES, INC. By: /s/ Murray A. Indick --------------------------------------- Murray A. Indick Managing Director, General Counsel and Secretary /s/ Murray A. Indick - ------------------------------------------- RICHARD C. BLUM By: Murray A. Indick, Attorney-in-Fact CUSIP NO. 667280-10-1 SCHEDULE 13G Page 10 of 11 EXHIBIT INDEX Exhibit A Joint Filing Undertaking Exhibit B Second Amended and Restated Investor Stockholders' Agreement dated as of December 23, 1993 (the "Stockholders' Agreement")* Exhibit C Amendment dated as of October 23, 1995 to the Stockholders' Agreement* Exhibit D Supplement dated as of December 23, 1993 to the Stockholders' Agreement (filed as Exhibit 4.11 to Northwest Airlines Corporation's Annual Report on Form 10K for the year ended December 31, 1994 (the "10-K") and incorporated herein by reference) Exhibit E Amendment dated as of December 14, 1994 to the Stockholders' Agreement (filed as Exhibit 4.13 to the 10K and incorporated herein by reference) Exhibit F Amendment dated as of January 6, 1995 to the Stockholders' Agreement (filed as Exhibit 4.14 to the 10-K and incorporated herein by reference) Exhibit G Amendment dated as of January 25, 1995 to the Stockholders' Agreement (filed as Exhibit 4.15 to the 10-K and incorporated herein by reference) Exhibit H Amendment dated as of September 29, 1997 to the Stockholders' Agreement (filed as Exhibit 10.7 to Northwest Airlines Corporation's Form 10-Q for the quarter ended September 30, 1997 (the "10-Q") and incorporated herein by reference) Exhibit I Blum Preferred Stock Repurchase Agreement dated as of September 29, 1997 (filed as Exhibit 10.5 to the 10-Q and Incorporated herein by reference) * Previously filed CUSIP NO. 667280-10-1 SCHEDULE 13G Page 11 of 11 Exhibit A JOINT FILING UNDERTAKING The undersigned, being duly authorized thereunto, hereby execute this agreement as an exhibit to this 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. Dated: February 12, 1998 RICHARD C. BLUM & ASSOCIATES-NWA PARTNERS, L.P. By: Richard C. Blum & Associates, L.P. its general partner By: /s/ Murray A. Indick -------------------------------------- Murray A. Indick Managing Director and General Counsel RICHARD C. BLUM & ASSOCIATES, L.P. By: /s/ Murray A. Indick --------------------------------------- Murray A. Indick Managing Director and General Counsel RICHARD C. BLUM & ASSOCIATES, INC. By: /s/ Murray A. Indick --------------------------------------- Murray A. Indick Managing Director, General Counsel and Secretary /s/ Murray A. Indick - ------------------------------------------- RICHARD C. BLUM By: Murray A. Indick, Attorney-in-Fact -----END PRIVACY-ENHANCED MESSAGE-----