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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
(Rule 13d-101)
(Amendment No. 2)
MACDERMID, INCORPORATED
--------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK
--------------------------------------------------------------------------------
(Title of Class of Securities)
554273 10 2
--------------------------------------------------------------------------------
(CUSIP Number)
Joshua N. Korff, Esq.
KIRKLAND & ELLIS
153 East 53rd Street
New York, NY 10022
(212) 446-4800
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 8, 2002
--------------------------------------------------------------------------------
(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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box [_].
Page 1 of 16 Pages
SCHEDULE 13D
-------------------------- -----------------------
CUSIP No. 5542773 10 2 Page 2 of 16 Pages
-------------------------- -----------------------
------------------------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS/
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
CITICORP VENTURE CAPITAL LTD.
------------------------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
2 (b) [ ]
------------------------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
Not applicable.
------------------------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
5 PURSUANT TO ITEMS 2(d) or 2(e) [ ]
------------------------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
New York
------------------------------------------------------------------------------------------------
SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
None
---------------------------------------------------------------
SHARED VOTING POWER
8
3,103,252**
---------------------------------------------------------------
SOLE DISPOSITIVE POWER
9
None
---------------------------------------------------------------
SHARED DISPOSITIVE POWER
10
3,103,252**
------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
11 PERSON
3,103,252**
------------------------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES* [ ]
------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
13
9.6%
------------------------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
------------------------------------------------------------------------------------------------
* SEE INSTRUCTIONS.
** Represents 3,103,252 shares directly beneficially owned by Citicorp Venture
Capital Ltd. ("CVC").
SCHEDULE 13D
-------------------------- -----------------------
CUSIP No. 5542773 10 2 Page 3 of 16 Pages
-------------------------- -----------------------
------------------------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS/
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
CITIBANK, N.A.
------------------------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
2 (b) [ ]
------------------------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
Not applicable.
------------------------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
5 PURSUANT TO ITEMS 2(d) or 2(e) [ ]
------------------------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
National Banking Association
------------------------------------------------------------------------------------------------
SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
None
---------------------------------------------------------------
SHARED VOTING POWER
8
3,103,252**
---------------------------------------------------------------
SOLE DISPOSITIVE POWER
9
None
---------------------------------------------------------------
SHARED DISPOSITIVE POWER
10
3,103,252**
------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
11 PERSON
3,103,252**
------------------------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES* [ ]
------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
13
9.6%
------------------------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
BK
------------------------------------------------------------------------------------------------
* SEE INSTRUCTIONS.
** Represents 3,103,252 shares directly beneficially owned by Citicorp Venture
Capital Ltd. ("CVC").
SCHEDULE 13D
-------------------------- -----------------------
CUSIP No. 5542773 10 2 Page 4 of 16 Pages
-------------------------- -----------------------
------------------------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS/
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
CITICORP
------------------------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
2 (b) [ ]
------------------------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
Not applicable.
------------------------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
5 PURSUANT TO ITEMS 2(d) or 2(e) [ ]
------------------------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------------------------------------------------------------------------------------------
SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
None
---------------------------------------------------------------
SHARED VOTING POWER
8
4,104,545**
---------------------------------------------------------------
SOLE DISPOSITIVE POWER
9
None
---------------------------------------------------------------
SHARED DISPOSITIVE POWER
10
4,104,545**
------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
11 PERSON
4,104,545**
------------------------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES* [ ]
------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
13
12.7%
------------------------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
HC
------------------------------------------------------------------------------------------------
* SEE INSTRUCTIONS.
** Represents (i) 3,103,252 shares directly beneficially owned by Citicorp
Venture Capital Ltd. ("CVC"), and (ii) 1,001,293 shares directly
beneficially owned by a limited partnership, whose general partner is a
wholly-owned subsidiary of Citicorp, for which shares CVC disclaims
beneficial ownership.
SCHEDULE 13D
-------------------------- -----------------------
CUSIP No. 5542773 10 2 Page 5 of 16 Pages
-------------------------- -----------------------
------------------------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS/
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
CITIGROUP HOLDINGS COMPANY
------------------------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
2 (b) [ ]
------------------------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
Not applicable.
------------------------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
5 PURSUANT TO ITEMS 2(d) or 2(e) [ ]
------------------------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
------------------------------------------------------------------------------------------------
SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
None
---------------------------------------------------------------
SHARED VOTING POWER
8
4,104,545**
---------------------------------------------------------------
SOLE DISPOSITIVE POWER
9
None
---------------------------------------------------------------
SHARED DISPOSITIVE POWER
10
4,104,545**
------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
11 PERSON
4,104,545**
------------------------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES* [ ]
------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
13
12.7%
------------------------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
HC
------------------------------------------------------------------------------------------------
* SEE INSTRUCTIONS.
** Represents (i) 3,103,252 shares directly beneficially owned by Citicorp
Venture Capital Ltd. ("CVC"), and (ii) 1,001,293 shares directly
beneficially owned by a limited partnership, whose general partner is a
wholly-owned subsidiary of Citicorp, for which shares CVC disclaims
beneficial ownership.
SCHEDULE 13D
-------------------------- -----------------------
CUSIP No. 5542773 10 2 Page 6 of 16 Pages
-------------------------- -----------------------
------------------------------------------------------------------------------------------------
NAMES OF REPORTING PERSONS/
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
CITIGROUP INC.
------------------------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
2 (b) [ ]
------------------------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
Not applicable.
------------------------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
5 PURSUANT TO ITEMS 2(d) or 2(e) [ ]
------------------------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
------------------------------------------------------------------------------------------------
SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
None
---------------------------------------------------------------
SHARED VOTING POWER
8
4,134,225**
---------------------------------------------------------------
SOLE DISPOSITIVE POWER
9
None
---------------------------------------------------------------
SHARED DISPOSITIVE POWER
10
4,134,225**
------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
11 PERSON
4,134,225**
------------------------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES* [ ]
------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
13
12.8%
------------------------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
HC
------------------------------------------------------------------------------------------------
* SEE INSTRUCTIONS.
** Represents (i) 3,103,252 shares directly beneficially owned by Citicorp
Venture Capital Ltd. ("CVC"), and (ii) 1,001,293 shares directly
beneficially owned by a limited partnership, whose general partner is a
wholly-owned subsidiary of Citicorp, for which shares CVC disclaims
beneficial ownership, and (iii) 29,680 shares that may be deemed to be
beneficially owned by other subsidiaries of Citigroup Inc., for which shares
CVC disclaims beneficial ownership.
ITEM 1. SECURITIES AND ISSUER.
This Amendment No. 2 ("Amendment") to the Schedule 13D dated December
29, 1999, as amended by Amendment No. 1 filed on March 5, 2002, relates to the
common stock, no par value, (the "Common Stock") of MacDermid, Incorporated, a
Connecticut corporation (the "Issuer"). This Amendment is being filed with the
Securities and Exchange Commission pursuant to Rule 13d-2(a) of the Securities
Exchange Act of 1934, as amended (the "Exchange Act").
ITEM 2. IDENTITY AND BACKGROUND.
This Statement is being filed by (i) Citicorp Venture Capital Ltd.
("CVC"), (ii) Citibank, N.A. ("Citibank"), (iii) Citicorp, (iv) Citigroup
Holdings Company ("Citigroup Holdings"), and (v) Citigroup Inc. ("Citigroup"),
(collectively, the "Reporting Persons", and each a "Reporting Person").
Attached as Schedules A and B is information concerning each executive
officer and director of CVC and Citigroup. Schedules A and B are incorporated
into and made a part of this Amendment.
(a) - (c) CVC is a New York corporation. The address of its principal
business office is 399 Park Avenue, New York, New York 10043. CVC is principally
engaged in the business of venture capital investment.
Citibank is a national banking association and is the sole stockholder
of CVC. The address of its principal business office is 399 Park Avenue, New
York, New York 10043. Citibank is a member of the Federal Reserve System and the
Federal Deposit Insurance Corp.
Citicorp is a Delaware corporation and is the sole stockholder of
Citibank. Citicorp is a U.S. bank holding company. The address of its principal
business office is 399 Park Avenue, New York, New York 10043. Citicorp is
principally engaged, through its subsidiaries, in the general financial services
business.
Citigroup Holdings is a Delaware corporation and is the sole
stockholder of Citicorp. The address of its principal business office is One
Rodney Square, Wilmington, Delaware 19899. Citigroup Holdings is principally
engaged, through its subsidiaries, in the general financial services business.
Citigroup is a Delaware corporation and is the sole stockholder of
Citigroup Holdings. The address of its principal business office is 399 Park
Avenue, New York, New York 10043. Citigroup is a diversified holding company
providing, through its subsidiaries, a broad range of financial services to
consumer and corporate customers worldwide.
(d) - (f) During the last five years, none of the Reporting Persons or,
to the best of the knowledge of the Reporting Persons, any of the persons listed
on Schedules A and B hereto, has been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) or was a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction as a
result of which such person was or is subject to a judgment, decree or final
order enjoining future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws, or finding any violation with
respect to such laws. Each of the individuals identified pursuant to paragraphs
(a) through (c), on Schedule A and B hereto, is a citizen of the United States,
unless otherwise indicated.
A joint filing agreement of the Reporting Persons is attached hereto as
Exhibit 1.
7 of 16 Pages
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Not applicable.
ITEM 4. PURPOSE OF TRANSACTION.
(a),(b) From February 26, 2002 to July 8, 2002, CVC disposed of 308,544
shares of Common Stock in open market transactions in the ordinary course of
business under Rule 144, as promulgated under the Securities Act of 1933, as
amended. Such dispositions of Common Stock were carried out pursuant to the
filings of Form 144 dated (1) February 7, 2002 for the sale of 387,255 shares of
Common Stock; (2) dated February 27, 2002 for the sale of 89,119 shares of
Common Stock; and (3) June 7, 2002 for the sale of 321,213 shares of Common
Stock.
(c) Not applicable.
(d) Not applicable.
(e) - (j) Not applicable.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a), (b) CVC directly beneficially owns 3,103,252 shares of Common
Stock. The aggregate number of shares held by CVC represents approximately 9.6%
of the outstanding shares of Common Stock. CVC has the shared power to vote and
the shared power to dispose of the entire number of beneficially owned shares.
Citibank, exclusively through its holding company structure, indirectly
beneficially owns 3,103,252 shares of Common Stock. The aggregate number of
shares held through the holding company structure by Citibank represents
approximately 9.6% of the outstanding shares of Common Stock. Citibank has
shared power to vote and shared power to dispose of the entire number of shares
directly beneficially owned by CVC.
Citicorp, exclusively through its holding company structure, indirectly
beneficially owns 4,104,545 shares of Common Stock representing (1) 3,103,252
shares directly beneficially owned by CVC and (2) 1,001,293 shares directly
beneficially owned by a limited partnership, whose general partner is a
wholly-owned subsidiary of Citicorp. CVC disclaims beneficial ownership with
respect to the 1,001,293 shares directly beneficially owned by the limited
partnership. Citicorp may be deemed to be a beneficial owner of the 1,001,293
shares held by the limited partnership. The aggregate number of shares held
through the holding company structure by Citicorp represents approximately 12.7%
of the outstanding shares of Common Stock. Citicorp has shared power to vote and
shared power to dispose of the entire number of shares directly beneficially
owned by CVC and the limited partnership, respectively.
Citigroup Holdings, exclusively through its holding company structure,
indirectly beneficially owns 4,104,545 shares of Common Stock representing (1)
3,103,252 shares directly beneficially owned by CVC and (2) 1,001,293 shares
directly beneficially owned by a limited partnership, whose general partner is a
wholly-owned subsidiary of Citicorp. CVC disclaims beneficial ownership with
respect to the 1,001,293 shares directly beneficially owned by the limited
partnership. Citigroup Holdings may be deemed to be a beneficial owner of the
1,001,293 shares held by the limited partnership because Citicorp is a
wholly-owned subsidiary of Citigroup Holdings. The aggregate number of shares
held through the holding company structure by Citigroup Holdings represents
approximately 12.7% of the outstanding
8 of 16 Pages
shares of Common Stock. Citigroup Holdings has shared power to vote and shared
power to dispose of the entire number of shares directly beneficially owned by
CVC and the limited partnership, respectively.
Citigroup, exclusively through its holding company structure,
indirectly beneficially owns 4,134,225 shares of Common Stock representing (1)
3,103,252 shares directly beneficially owned by CVC, (2) 1,001,293 shares
directly beneficially owned by a limited partnership, whose general partner is a
wholly-owned subsidiary of Citicorp and (3) 29,680 shares directly beneficially
owned by other subsidiaries of Citigroup. CVC disclaims beneficial ownership
with respect to the 1,001,293 shares directly beneficially owned by the limited
partnership. Citigroup may be deemed to be a beneficial owner of the 1,001,293
shares held by the limited partnership and of the 29,680 shares held by its
direct and indirect subsidiaries. The aggregate number of shares held through
Citigroup's holding company structure represents approximately 12.8% of the
outstanding shares of Common Stock. Citigroup has shared power to vote and
shared power to dispose of the entire number of shares directly beneficially
owned by CVC, the limited partnership, and the other subsidiaries of Citigroup,
respectively.
Except as stated above, none of the Reporting Persons beneficially owns
any of the shares of capital stock of the Issuer.
(c) From February 26, 2002 to July 8, 2002, CVC disposed of 308,544
shares of Common Stock in open market transactions in the ordinary course of
business under Rule 144, as promulgated under the Securities Act of 1933, as
amended. Such dispositions of Common Stock were carried out pursuant to the
filings of Form 144 dated (1) February 7, 2002 for the sale of 387,255 shares of
Common Stock; (2) February 27, 2002 for the sale of 89,119 shares of Common
Stock; and (3) June 7, 2002 for the sale of 321,213 shares of Common Stock. The
dates, share amounts, and prices for such dispositions since February 25, 2002
are as follows:
Shares Average Price per
Date Sold Share
--------- ---------- ------------------
2/26/2002 4,925 $20.73
2/27/2002 14,000 $20.31
2/28/2002 6,200 $20.91
3/11/2002 12,800 $20.78
3/04/2002 14,000 $20.94
3/05/2002 8,100 $20.76
3/06/2002 15,000 $21.19
3/07/2002 7,000 $21.43
3/08/2002 12,019 $21.34
6/17/2002 12,100 $22.07
6/18/2002 11,000 $22.21
6/19/2002 3,500 $22.01
6/20/2002 36,000 $21.15
6/21/2002 12,600 $21.03
6/25/2002 23,500 $21.01
6/26/2002 1,800 $21.01
6/27/2002 37,000 $21.16
6/28/2002 38,000 $21.66
7/01/2002 11,600 $21.18
7/02/2002 5,700 $21.04
7/05/2002 6,500 $21.02
7/08/2002 15,200 $21.28
9 of 16 Pages
(d),(e) Not applicable
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
The information set forth in Item 4 above is incorporated herein by
reference.
Except as set forth herein or in the Schedules or Exhibits hereto, to
the best of the knowledge of the Reporting Persons, none of the persons listed
on Schedules A and B has any other contracts, arrangements, understandings or
relationships (legal or otherwise) with any person with respect to any
securities of the Issuer, including, but not limited to, transfer or voting of
any securities of the Issuer, finder's fees, joint ventures, loan or option
arrangements, puts or calls, guarantees or profits, division of profits or loss
or the giving or withholding of proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
1. Joint Filing Agreement, dated as of July 12, 2002 by and among CVC,
Citibank, Citicorp, Citigroup Holdings and Citigroup.
10 of 16 Pages
SIGNATURES
After reasonable inquiry and to the best of each of the undersigned's
knowledge and belief, each of the undersigned certify that the information set
forth in this statement is true, complete and correct.
Dated: July 12, 2002
CITICORP VENTURE CAPITAL LTD.
By: /s/ Anthony P. Mirra
-----------------------------
Name: Anthony P. Mirra
Its: Vice President & Assistant Secretary
CITIBANK, N.A.
By: /s/ Joseph B. Wollard
-----------------------------
Name: Joseph B. Wollard
Its: Assistant Secretary
CITICORP
By: /s/ Joseph B. Wollard
-----------------------------
Name: Joseph B. Wollard
Its: Assistant Secretary
CITIGROUP HOLDINGS COMPANY
By: /s/ Joseph B. Wollard
-----------------------------
Name: Joseph B. Wollard
Its: Assistant Secretary
CITIGROUP, INC.
By: /s/ Joseph B. Wollard
-----------------------------
Name: Joseph B. Wollard
Its: Assistant Secretary
11 of 16 Pages
SCHEDULE A
EXECUTIVE OFFICERS AND DIRECTORS OF
CITICORP VENTURE CAPITAL LTD.
NAME, POSITION, CITIZENSHIP
(UNITED STATES, UNLESS OTHERWISE INDICATED) TITLE
William T. Comfort Director and Senior Vice
Director President
Ann M. Goodbody Director
Director
David F. Thomas Director and Vice President
Executive Officer
Michael T. Bradley Vice President
Executive Officer
Lauren M. Connelly Vice President and
Executive Officer Secretary
Charles E. Corpening Vice President
Executive Officer
Michael A. Delaney Vice President and
Executive Officer Managing Director
Michael S. Gollner Vice President
Executive Officer
Ian D. Highet Vice President
Executive Officer
David Y. Howe Vice President
Executive Officer
Darryl A. Johnson Assistant Vice President
Executive Officer
Byron L. Knief Vice President
Executive Officer
Richard E. Mayberry Vice President
Executive Officer
Thomas F. McWilliams Vice President
Executive Officer
12 of 16
NAME, POSITION, CITIZENSHIP
(UNITED STATES, UNLESS OTHERWISE INDICATED) TITLE
Anthony P. Mirra Vice President & Assistant
Executive Officer Secretary
Paul C. Schorr Vice President and
Executive Officer Managing Director
Joseph M. Silvestri Vice President
Executive Officer
James A. Urry Vice President
Executive Officer
John D. Weber Vice President
Executive Officer
13 of 16
SCHEDULE B
EXECUTIVE OFFICERS AND DIRECTORS OF
CITIGROUP INC.
NAME, POSITION, CITIZENSHIP
(UNITED STATES, UNLESS OTHERWISE
INDICATED) TITLE
C. Michael Armstrong Chairman & Chief Executive Officer
Director AT&T Corporation
Alain J. P. Belda President & Chief Executive
Director Officer
Brazil Alcoa Inc.
George Davis Chairman & Chief Executive Officer
Director United Technologies Corporation
Kenneth T. Derr Chairman, Retired
Director Chevron Corporation
John M. Deutch Institute Professor
Director Massachusetts Institute of
Technology
The Honorable Gerald R. Ford Former President of the United
Honorary Director States
Alfredo Harp-Helu Chairman
Director Grupo Financiero Banamex.
Mexico
Ann Dibble Jordan Consultant
Director
Reuben Mark Chairman and Chief Executive
Director Officer
Colgate-Palmolive Company
Michael T. Masin Vice Chairman and President
Director Verizon Communications, Inc.
Dudley C. Mecum Managing Director
Director Capricorn Holdings
Richard D. Parsons President
Director AOL - Time Warner Inc.
Andrall E. Pearson Founding Chairman
Director Yum! Brands, Inc.
Robert E. Rubin Member of the Office of the
Director and Chairman
Executive Officer Citigroup Inc.
14 of 16
NAME, POSITION, CITIZENSHIP
(UNITED STATES, UNLESS OTHERWISE
INDICATED) TITLE
Franklin A. Thomas Former President
Director The Ford Foundation
Sanford I. Weill Chairman and Chief Executive
Director and Officer
Executive Officer Citigroup Inc.
Arthur Zankel Managing Partner
Director Zankel Capital Advisors, LLC
Winfred F. W. Bischoff Chairman
Executive Officer Citigroup Europe
United Kingdom and Germany
Michael A. Carpenter Chief Executive Officer
Executive Officer Corporate and Investment Bank
Citigroup Inc.
Stanley Fischer Vice Chairman
Executive Officer Citigroup Inc.
Thomas Wade Jones Chairman & Chief Executive Officer
Executive Officer Global Investment Management and
Private Banking Group
Deryck C. Maughan Vice Chairman
Executive Officer Citigroup Inc.
United Kingdom
Victor J. Menezes Chairman and Chief Executive
Executive Officer Officer
Citibank, N.A.
Charles O. Prince, III Chief Operating Officer &
Executive Officer Corporate Secretary
Citigroup Inc.
William R. Rhodes Senior Vice President
Executive Officer Citigroup Inc.
Todd S. Thomson Executive Vice President, Finance
Executive Officer & Investment and Chief Financial
Officer
Citigroup Inc.
Robert B. Willumstad President
Executive Officer Citigroup Inc.
15 of 16
EXHIBIT INDEX
1. Joint Filing Agreement, dated as of July 12, 2002 by and among CVC,
Citibank, Citicorp, Citigroup Holdings and Citigroup.
16 of 16