SC 13G/A 1 msnw_13g21509.txt MSNW ANNUAL NAUTIC FILING UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G/A Under the Securities Exchange Act of 1934 Amendment #1 MEDICAL STAFFING NETWORK HOLDINGS, INC. ---------------------------------------------------------------- (Name of Issuer) COMMON STOCK ---------------------------------------------------------------- (Title of Class of Securities) 58463F104 ---------------------------------------------------------------- (CUSIP Number) DECEMBER 31, 2008 ---------------------------------------------------------------- (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) | | Rule 13d-1(c) |x| 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). CUSIP No. 58463f104 ---------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). FLEET VENTURE RESOURCES, INC. TIN# 05-0315508 ---------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) |x| (b) | | ---------------------------------------------------------------- 3 SEC USE ONLY ---------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION RHODE ISLAND ---------------------------------------------------------------- 5 SOLE VOTING POWER 0 ------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 2,943,616 OWNED BY ------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH: ------------------------------------------------- 8 SHARED DISPOSITIVE POWER 2,943,616 ---------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,943,616 ---------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | | ---------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ITEM 9 9.7% ---------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO ---------------------------------------------------------------- CUSIP No. 58463f104 ---------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). SILVERADO IV CORP. TIN# 05-0481110 ---------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) |x| (b) | | ---------------------------------------------------------------- 3 SEC USE ONLY ---------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE ---------------------------------------------------------------- 5 SOLE VOTING POWER 0 ------------------------------------------------- NUMBER OF 6 SHARED VOTING POWERS SHARES BENEFICIALLY 2,943,616 OWNED BY ------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH: ------------------------------------------------- 8 SHARED DISPOSITIVE POWER 2,943,616 ---------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,943,616 ---------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 9.7% ---------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO ---------------------------------------------------------------- CUSIP No. 58463f104 ---------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). CHISHOLM MANAGEMENT IV, L.P. TIN# 05-0504777 ---------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) |x| (b) | | ---------------------------------------------------------------- 3 SEC USE ONLY ---------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE ---------------------------------------------------------------- 5 SOLE VOTING POWER 0 ------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 2,943,616 OWNED BY ------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH: ------------------------------------------------- 8 SHARED DISPOSITIVE POWER 2,943,616 ---------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,943,616 ---------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | | ---------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ITEM 9 9.7% ---------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN ---------------------------------------------------------------- CUSIP No. 58463f104 ---------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). NAUTIC MANAGEMENT V, L.P. TIN# 05-0511342 ---------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) |x| (b) | | ---------------------------------------------------------------- 3 SEC USE ONLY ---------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE ---------------------------------------------------------------- 5 SOLE VOTING POWER 0 ------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES 2,943,616 BENEFICIALLY ------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH: ------------------------------------------------- 8 SHARED DISPOSITIVE POWER 2,943,616 ---------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,943,616 ---------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES(SEE INSTRUCTIONS) | | ---------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ITEM 9 9.7% ---------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN ---------------------------------------------------------------- CUSIP No. 58463f104 ---------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). ROBERT M. VAN DEGNA ---------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) |x| (b) | | ---------------------------------------------------------------- 3 SEC USE ONLY ---------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES ---------------------------------------------------------------- 5 SOLE VOTING POWER 0 ------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 2,943,616 OWNED BY ------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH: ------------------------------------------------- 8 SHARED DISPOSITIVE POWER 2,943,616 ---------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,943,616 ---------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES(SEE INSTRUCTIONS) | | ---------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ITEM 9 9.7% ---------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN ---------------------------------------------------------------- CUSIP No. 58463f104 ---------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). HABIB Y. GORGI ---------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) |x| (b) | | ---------------------------------------------------------------- 3 SEC USE ONLY ---------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES ---------------------------------------------------------------- 5 SOLE VOTING POWER 0 ------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 2,943,616 OWNED BY ------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH: ------------------------------------------------- 8 SHARED DISPOSITIVE POWER 2,943,616 ---------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,943,616 ---------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES(SEE INSTRUCTIONS) | | ---------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ITEM 9 9.7% ---------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN ---------------------------------------------------------------- CUSIP No. 58463f104 ---------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). BERNARD V. BUONANNO, III ---------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) |x| (b) | | ---------------------------------------------------------------- 3 SEC USE ONLY ---------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES ---------------------------------------------------------------- 5 SOLE VOTING POWER 0 ------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 2,502,074 OWNED BY ------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH: ------------------------------------------------- 8 SHARED DISPOSITIVE POWER 2,502,074 ---------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2 ---------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | | ---------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ITEM 9 8.3% ---------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN ---------------------------------------------------------------- Item 1(a). Name of Issuer: MEDICAL STAFFING NETWORK HOLDINGS, INC. Item 1(b). Address of Issuer's Principal Executive Offices: 901 YAMATO ROAD, SUITE 110 BOCA RATON, FL 33431 Item 2(a). Name of Person Filing: 1) FLEET VENTURE RESOURCES, INC. 2) SILVERADO IV CORP. 3) CHISHOLM MANAGEMENT IV, L.P. 4) NAUTIC MANAGEMENT V, L.P. 5) ROBERT M. VAN DEGNA 6) HABIB Y. GORGI 7) BERNARD V. BUONANNO III Item 2(b). Address of Principal Business Office, or if None, Residence: 50 KENNEDY PLAZA PROVIDENCE, RI 02903 Item 2(c). Citizenship: 1) RI CORPORATION 2) DE CORPORATION 3) DE PARTNERSHIP 4) DE PARTNERSHIP 5) US CITIZEN 6) US CITIZEN 7) US CITIZEN Item 2(d). Title of Class of Securities: Common Stock Item 2(e). CUSIP Number: 58463F104 Item 3. If this statement is filed pursuant to ss.ss240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a: (a) |_| Broker or dealer registered under section 15 of the Act(15 U.S.C. 78o). (b) |_| Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) |_| Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) |_| Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) |_| An investment adviser in accordance with ss.240.13d-1(b)(1)(ii)(E); (f) |_| An employee benefit plan or endowment fund in accordance with ss.240.13d-1(b)(1)(ii)(F); (g) |_| A parent holding company or control person in accordance with ss. 240.13d-1(b)(1)(ii)(G); (h) |_| A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12U.S.C. 1813); (i) |_| A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) |_| Group, in accordance with ss.240.13d-1(b)(1)(ii)(J). Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. Nautic Partners V, L.P. (NPV) owns of record 1,960,477 shares of Common Stock. Fleet Venture Resources, Inc. (FVR) owns of record 309,079 shares of Common Stock. Fleet Equity Partners VI, L.P. (FEPVI) owns of record 132,463 shares of Common Stock. Chisholm Partners IV, L.P. (CPIV) owns of record 523,475 shares of Common Stock. Kennedy Plaza Partners II, LLC (KPPII) owns of record 16,192 shares of Common Stock. Kennedy Plaza Partners III, LLC (KPPIII) owns of record 1,960 shares of Common Stock, The above entities in aggregate: Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a)Amount beneficially owned: 2,943,616 shares of Common Stock (b)Percent of class: 9.7% (c)Number of shares as to which the person has: (1)Sole power to vote or to direct the vote: 0 (2)Shared power to vote or to direct the vote: 2,943,616 (3)Sole power to dispose or to direct the disposition of: 0 (4)Shared power to dispose or to direct the disposition of: 2,943,616 Nautic Management V, LP (NMV), formerly known as Navis Management V, LP, is the General Partner of NPV and Manager of KPPIII. The management of NPV and KPPIII is vested exclusively in NMV. The ability to dispose of securities is held by the founding partners of NMV, which are Mr. Van Degna, Mr. Gorgi, and Mr. Buonanno. By virtue of an agreement dated June 30, 2000, among FleetBoston Financial Corporation (FBF) and certain other parties thereto (the Management Agreement) FBF delegated voting and investment power over certain of the shares to certain persons and entities named therein who are affiliated with the shareholder entities named above. Certain of such persons and entities were granted a power of attorney to execute such voting and investment power on their behalf. Pursuant to the Management Agreement, Silverado IV Corp. (SIVC) was given sole voting and investment power over shares owned by FEPVI. SIVC, and the persons who control SIVC, Robert M. Van Degna and Habib Y. Gorgi, may be deemed to share beneficial ownership of the shares held by FEPVI. FVR holds shares that were obtained as part of a co-investment arrangement with CPIV under the Management Agreement. Mr. Van Degna and Mr. Gorgi may be deemed to share beneficial ownership of the shares held by FVR by virtue of the Management Agreement and the power of attorney described above. Chisholm Management IV, LP (CMIV) is the General Partner of CPIV and Manager of KPPII. The management of CPIV and KPPII is vested exclusively in CMIV. The ability to dispose of the securities held by CPIV and KPPII is held by the Limited Partner Committee of CMIV, which is comprised of Mr. Van Degna, Mr. Gorgi, and Mr. Buonanno. Item 5. Ownership of Five Percent or Less of a Class. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Fleet Growth Resources II, Inc. (FGRII) is a general partner of FEP VI. FleetGrowth Resources, Inc. (FGR) owns all of the outstanding common stock of FGRII. Bank of America Corporation owns all of the outstanding common stock of FGR. As a result of these relationships, these entities may be deemed to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock held by FEP VI. As a result, Bank of America Corporation may be deemed to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock held by FEPVI. Bank of America Corporation owns all of the outstanding common stock of FVR. As a result, Bank of America Corporation may be deemed to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock held by FVR. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. N/A Item 8. Identification and Classification of Members of the Group. N/A Item 9. Notice of Dissolution of Group. N/A Item 10. Certifications. N/A Dated: February 15, 2009. Signatures After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this state is true, complete and accurate. February 15, 2009 Fleet Venture Resources, Inc. HABIB Y. GORGI HABIB Y. GORGI As Attorney-in-Fact Signatures After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this state is true, complete and accurate. February 15, 2009 Silverado IV Corp. HABIB Y. GORGI HABIB Y. GORGI President & Secretary Signatures After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this state is true, complete and accurate. February 15, 2009 Chisholm Management IV, L.P. HABIB Y. GORGI HABIB Y. GORGI Managing Director Signatures After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this state is true, complete and accurate. February 15, 2009 Nautic Management V, L.P. HABIB Y. GORGI HABIB Y. GORGI Managing Director Signatures After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this state is true, complete and accurate. February 15, 2009 ROBERT VAN DEGNA ROBERT VAN DEGNA Signatures After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this state is true, complete and accurate. February 15, 2009 HABIB Y. GORGI HABIB Y. GORGI Signatures After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this state is true, complete and accurate. February 15, 2009 BERNARD V. BUONANNO BERNARD V. BUONANNO