UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
Amendment No. 5
GSI Group Inc.
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(Name of Issuer)
Common Stock, no par value
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(Title of Class of Securities)
36229U102
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(CUSIP Number)
Stephanie S. Chen
c/o Tinicum Lantern II L.L.C.
800 Third Avenue, 40th Floor
New York, NY 10022
212-446-9300
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
May 14, 2010
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(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 that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), 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 Rule 13d-7 for other parties
to whom copies are to be sent.
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* 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).
(Continued on following pages)
(Page 1 of 8 Pages)
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CUSIP No. 36229U102 SCHEDULE 13D/A Page 2 of 8 Pages
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1 NAME OF REPORTING PERSON
Tinicum Capital Partners II, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X|
------------- -----------------------------------------------------------------
3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC, OO
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) |_|
------------- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------- -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 418,464
----------- -----------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
----------- -----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
418,464
------------- ----------- -----------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
418,464
------------- -----------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
------------- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.8% (see Item 4)
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14 TYPE OF REPORTING PERSON
PN
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CUSIP No. 36229U102 SCHEDULE 13D/A Page 3 of 8 Pages
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1 NAME OF REPORTING PERSON
Tinicum Lantern II L.L.C.
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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 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 8 SHARED VOTING POWER
OWNED 418,464
----------- -----------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
----------- -----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
418,464
------------- ----------- -----------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
418,464
------------- -----------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
------------- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.8% (see Item 4)
------------- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
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CUSIP No. 36229U102 SCHEDULE 13D/A Page 4 of 8 Pages
---------------------------- ----------------------------
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1 NAME OF REPORTING PERSON
Terence M. O'Toole
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
AF
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) |_|
------------- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------- -----------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------- -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 418,464
----------- -----------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
----------- -----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
418,464
------------- ----------- -----------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
418,464
------------- -----------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
------------- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.8% (see Item 4)
------------- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
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CUSIP No. 36229U102 SCHEDULE 13D/A Page 5 of 8 Pages
---------------------------- ---------------------------
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1 NAME OF REPORTING PERSON
Eric M. Ruttenberg
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X|
------------- -----------------------------------------------------------------
3 SEC USE ONLY
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4 SOURCE OF FUNDS
AF
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) |_|
------------- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------- -----------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------- -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 418,464
----------- -----------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
----------- -----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
418,464
------------- ----------- -----------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
418,464
------------- -----------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
------------- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.8% (see Item 4)
------------- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
------------- -----------------------------------------------------------------
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CUSIP No. 36229U102 SCHEDULE 13D/A Page 6 of 8 Pages
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ITEM 1. SECURITY AND ISSUER
This Amendment No. 5 (the "Amendment") amends the statement on Schedule 13D
filed on January 13, 2010 (the "Original Schedule 13D", as amended hereby and by
Amendment No. 1 filed on March 3, 2010, Amendment No. 2 filed on March 16, 2010,
Amendment No. 3 filed on March 19, 2010 and Amendment No. 4 filed on May 11,
2010, the "Schedule 13D") with respect to the common stock, no par value (the
"Common Stock"), of GSI Group Inc., a company continued and existing under the
laws of the Province of New Brunswick, Canada (the "Issuer"). Capitalized terms
used herein and not otherwise defined in this Amendment have the meanings set
forth in the Schedule 13D. This Amendment amends Items 4, 6 and 7 as set forth
below.
ITEM 4. PURPOSE OF TRANSACTION
Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of
the following:
On May 14, 2010 TCP II and the other Consenting Noteholders entered into the
Restructuring Plan Support Agreement with the Issuer Parties, the Equity
Committee and each of the members of the Equity Committee (the "Equity
Holders"). The Restructuring Plan Support Agreement supersedes the Plan Support
Agreement. Under the Restructuring Plan Support Agreement the parties thereto
agreed to support the Fourth Modified Plan of Reorganization the terms of which
are substantially similar to those set forth in the Term Sheet previously
disclosed in Amendment No. 4 to the Schedule 13D. Under the Restructuring Plan
Support Agreement the Consenting Noteholders agreed to vote their claims in
support of the Fourth Modified Plan of Reorganization, subject to the conditions
to termination contained in the Restructuring Plan Support Agreement.
As previously disclosed in Amendment No. 4 to the Schedule 13D and as more
fully described in the Fourth Modified Plan of Reorganization, under the Fourth
Modified Plan of Reorganization the Noteholders will receive, in exchange for
their Notes, their pro-rata share of (i) between $90,000,000 and $110,000,000
principal amount of New Senior Secured Notes, (ii) the Cash Payment, (iii) all
cash proceeds from the Rights Offering, (iv) payment in cash of all accrued but
unpaid interest due under the Notes through the date of effectiveness of the
Issuer Parties' bankruptcy cases and (v) the Supplemental Equity Exchange.
As previously disclosed in Amendment No. 4 to the Schedule 13D and as more
fully described in the Fourth Modified Plan of Reorganization and the Backstop
Commitment Agreement entered into on May 14, 2010 by and among the Issuer and
the Consenting Noteholders (the "Backstop Commitment Agreement"), the Consenting
Noteholders agreed to backstop the Rights Offering (the "Backstop Commitment"),
subject to the conditions to closing and termination contained therein. The
Backstop Commitment Agreement sets forth, among other things, the terms of the
Backstop Commitment which are substantially similar to those previously
disclosed in Amendment No. 4 to the Schedule 13D.
This description of the Fourth Modified Plan of Reorganization is a summary
only and is qualified in its entirety by reference to the Fourth Modified Plan
of Reorganization, a copy of which was filed as Exhibit A of Exhibit 10.1 of
the Current Report on Form 8-K filed by the Issuer on May 18, 2010.
This description of the Restructuring Plan Support Agreement and Backstop
Commitment Agreement is a summary only and is qualified in its entirety by
reference to the Restructuring Plan Support Agreement and Backstop Commitment
Agreement, copies of which are referenced as Exhibits 5 and 6 hereto,
respectively, (which incorporate by reference Exhibits 10.1 and 10.2,
respectively, of the Current Report on Form 8-K filed by the Issuer on May 18,
2010).
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CUSIP No. 36229U102 SCHEDULE 13D/A Page 7 of 8 Pages
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ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
Item 6 of the Schedule 13D is hereby amended and supplemented by the addition
of the following:
As described in Item 4 above, on May 14, 2010, the Consenting Noteholders
entered into the Restructuring Plan Support Agreement with the Issuer Parties,
the Equity Committee and the Equity Holders, under which the parties thereto
agreed to the terms of a restructuring of the Notes pursuant to the Fourth
Modified Plan of Reorganization, a copy of which is referenced as Exhibit 5
hereto (which incorporates by reference Exhibit 10.1 of the Current Report on
Form 8-K filed by the Issuer on May 18, 2010) and is incorporated herein by
reference.
As described in Item 4 above, on May 14, 2010, the Consenting Noteholders
entered into the Backstop Commitment Agreement with the Issuer, under which the
Consenting Noteholders agreed to backstop the Rights Offering, a copy of which
is referenced as Exhibit 6 hereto (which incorporates by reference Exhibit 10.2
of the Current Report on Form 8-K filed by the Issuer on May 18, 2010) and is
incorporated herein by reference.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Item 7 of the Schedule 13D is hereby amended and supplemented by the addition of
the following:
5. Restructuring Plan Support Agreement, dated as of May 14, 2010, by and among
the Consenting Noteholders, the Issuer Parties, the Equity Committee and the
Equity Holders (incorporated by reference to Exhibit 10.1 of the Current Report
on Form 8-K filed by the Issuer on May 18, 2010).
6. Backstop Commitment Agreement, dated as of May 14, 2010, by and among the
Consenting Noteholders and the Issuer (incorporated by reference to Exhibit 10.2
of the Current Report on Form 8-K filed by the Issuer on May 18, 2010).
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CUSIP No. 36229U102 SCHEDULE 13D Page 8 of 8 Pages
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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: May 18, 2010
/S/ ERIC M. RUTTENBERG
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TINICUM LANTERN II L.L.C.,
On its own behalf and
as the General Partner of
TINICUM CAPITAL PARTNERS II, L.P.
By Eric M. Ruttenberg,
Managing Member
/S/ TERENCE M. O'TOOLE
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Terence M. O'Toole
/S/ ERIC M. RUTTENBERG
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Eric M. Ruttenberg