UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE
13E-3
(Amendment No. 5)
Rule 13E-3 Transaction Statement Under Section 13(E)
of the Securities Exchange Act of 1934
THE HALLWOOD
GROUP INCORPORATED
(Name of Issuer)
The Hallwood
Group Incorporated
Hallwood Financial Limited
HFL Merger Corporation
Hallwood Family Investments Ltd.
Anthony J. Gumbiner
Marie Magdeleine Gumbiner
(Names of Persons Filing Statement)
Common Stock, par value $0.10 per share
(Title of Class of Securities)
406364 30 7
(CUSIP Number
of Class of Securities)
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The Hallwood Group Incorporated
Attn: Richard Kelley
3710
Rawlins, Suite 1500
Dallas, Texas 75219
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Anthony J. Gumbiner
c/o The Hallwood Group Incorporated
3710 Rawlins, Suite 1500
Dallas, Texas 75219
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
With copies to:
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K&L Gates LLP
1717 Main Street, Suite 2800
Dallas, Texas 75201
(214)
939-5500
Attn: Soren Lindstrom
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Wick Phillips Gould & Martin, LLP
2100 Ross Avenue, Suite 950
Dallas, Texas 75201
(214)
692-6200
Attn: Bradley K. Mahanay
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Hunton & Williams LLP
1445 Ross Avenue, Suite 3700
Dallas, Texas 75202
(214)
979-3000
Attn: Daryl B. Robertson
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This statement is filed in connection with (check the appropriate box):
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a.
x
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The filing of solicitation materials or an information statement subject to Regulation 14A, Regulation 14C or Rule
13e-3(c) under the Securities Exchange Act of 1934.
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b.
¨
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The filing of a registration statement under the Securities Act of 1933.
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Check the following box if the soliciting materials or information statement referred to
in checking box (a) are preliminary copies:
¨
Check the following box if the filing is a
final amendment reporting the results of the transaction:
x
CALCULATION
OF FILING FEE
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Transaction Valuation*
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Amount of Filing
Fee*
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$6,806,683
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$876.69
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*
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In accordance with Exchange Act Rule 0-11(c), the filing fee of $876.69 was determined by multiplying 0.0001288 by the maximum aggregate Merger Consideration of $6,806,683. The maximum aggregate Merger Consideration was
calculated as the product of (a) 523,591 outstanding shares of common stock as of March 3, 2014 to be acquired in the merger and (b) the maximum per share Merger Consideration of $13.00.
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x
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Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or
the Form or Schedule and the date of its filing.
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Amount Previously Paid:
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$674.39
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Form or Registration No.:
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Preliminary Proxy Statement on Schedule 14A, File No. 001-08303
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Filing Party:
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The Hallwood Group Incorporated
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Date Filed:
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November 14, 2013
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Amount Previously Paid:
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$202.30
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Form or Registration No.:
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Amendment No. 2 to Preliminary Proxy Statement on Schedule 14A, File No.
001-08303
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Filing Party:
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The Hallwood Group Incorporated
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Date Filed:
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March 5, 2014
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Introduction
This Amendment No. 5 (Final Amendment) to Rule 13E-3 Transaction Statement, together with the exhibits hereto (as amended, the
Transaction Statement), is being filed with the Securities and Exchange Commission (the SEC) pursuant to Section 13(e) of the Securities Exchange Act of 1934, as amended (the Exchange Act), by (i) The
Hallwood Group Incorporated (the Company), a Delaware corporation and the issuer of the shares of Common Stock, par value $.10 per share (the Common Stock) that are subject to the Rule 13e-3 transaction; (ii) Hallwood
Financial Limited (Parent), a British Virgin Islands corporation; (iii) Hallwood Family Investments Ltd. (HFI), a British Virgin Islands business company; (iv) Anthony J. Gumbiner (Mr. Gumbiner),
Chairman and Chief Executive Officer of the Company and a director of each of Parent and HFI, and (v) Marie Magdeleine Gumbiner, a director of each of Parent and HFI.
This Transaction Statement relates to the Agreement and Plan of Merger, dated as of June 4, 2013 by and among the Company, Parent, and HFL Merger
Corporation (Merger Sub), a Delaware corporation and wholly owned subsidiary of Parent, as amended by that certain Amendment to Agreement and Plan of Merger, dated as of July 11, 2013, and as further amended by that certain Second
Amendment to Agreement and Plan of Merger, dated as of February 7, 2014 (the Merger Agreement). Pursuant to the terms and conditions of the Merger Agreement, on May 16, 2014, Merger Sub was merged with and into the Company (the
Merger), at which time the separate corporate existence of Merger Sub ceased, and the Company continued as the surviving company in the Merger and a wholly subsidiary of Parent. Merger Sub is no longer a Filing Person because it was
merged with and into the Company.
The Company filed with the SEC a definitive proxy statement (the Proxy Statement) under Regulation 14A of
the Exchange Act on April 8, 2014, pursuant to which the Companys Board of Directors solicited proxies from stockholders of the Company in connection with the Merger. A copy of the Proxy Statement is attached hereto as Exhibit (a)(1) and
a copy of the Merger Agreement is attached to the Proxy Statement as Annex A and is incorporated herein by reference.
Pursuant to General Instruction F
to Schedule 13E-3, the information in the Proxy Statement, including all annexes, exhibits, and appendices thereto, is expressly incorporated by reference herein in its entirety, and responses to each item herein are qualified in their entirety by
the information contained in the Proxy Statement. The cross-references below are being supplied pursuant to General Instruction G to Schedule 13E-3 and show the location in the Proxy Statement of the information required to be included in response
to the items of Schedule 13E-3. Capitalized terms used but not defined in this Transaction Statement shall have the meanings given to them in the Proxy Statement.
This Final Amendment is being filed to report the results of the transaction that is the subject of this Transaction Statement, pursuant to Rule 13e-3(d)(3)
of the Exchange Act. Except as set forth in this Final Amendment, all information in this Transaction Statement remains unchanged.
The information
concerning the Company contained in this Transaction Statement and the Proxy Statement was supplied by the Company. Similarly, all information concerning each other Filing Person contained in this Transaction Statement and the Proxy Statement has
been supplied by such Filing Person.
Item 15.
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Additional Information.
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On May 15, 2014, at a special meeting of the Companys stockholders,
the holders of (i) a majority of the outstanding shares of Common Stock entitled to vote at the meeting, and (ii) a majority of the outstanding shares of Common Stock, voting together as a single class, excluding all shares of Common Stock
owned by Parent, Merger Sub, Mr. Gumbiner or any of their respective affiliates (other than the Company and its subsidiaries), or by any director, officer or other employee of the Company or any of its subsidiaries, voted to adopt the Merger
Agreement.
On May 16, 2014, the Company filed a Certificate of Merger with the Secretary of State of the State of Delaware, pursuant to which Merger
Sub was merged with and into the Company, at which time the separate corporate existence of Merger Sub ceased, and the Company continued as the surviving corporation and a wholly owned subsidiary of Parent.
At the effective time of the Merger (the Effective Time), each share of Common Stock outstanding immediately prior to the Effective Time (other
than shares held by Parent, Merger Sub, the Company or any wholly owned subsidiary of the Company or held in the Companys treasury and shares outstanding immediately prior to the Effective Time held by any stockholder who has neither voted in
favor of the Merger nor consented thereto in writing and who has demanded properly in writing appraisal for such shares or otherwise properly perfected and not withdrawn or lost his or her rights of appraisal under the General Corporation Law of the
State of Delaware) was converted into the right to receive $12.39 in cash, without interest (the Merger Consideration), whereupon all such shares were automatically cancelled and ceased to exist, and the holders of such shares ceased to
have any rights with respect thereto other than the right to receive the Merger Consideration.
As a result of the Merger, the Common Stock will cease to
be publicly traded on the NYSE MKT exchange prior to the open of the market on May 19, 2014, and the Company became eligible for delisting from the NYSE MKT exchange and termination of registration under the Exchange Act. Accordingly, the
Company intends to file a Certification and Notice of Termination on Form 15 with the SEC in order to deregister the Common Stock under the Exchange Act.
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(a)(1)
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Proxy Statement of The Hallwood Group Incorporated (incorporated by reference to the Schedule 14A filed with the Securities and Exchange Commission on April 8, 2014)
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(a)(2)
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Form of Proxy Card (incorporated herein by reference to the Proxy Statement)
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(a)(3)
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Letter to the Companys Stockholders (incorporated herein by reference to the Proxy Statement)
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(a)(4)
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Notice of Special Meeting of Stockholders (incorporated herein by reference to the Proxy Statement)
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(a)(5)
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Press Release dated June 5, 2013 (filed as Exhibit 99.1 to the Companys Current Report on Form 8-K, filed June 5, 2013 and incorporated herein by reference)
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(a)(6)
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Press Release dated May 16, 2014 (filed as Exhibit 99.1 to the Companys Current Report on Form 8-K, filed May 16, 2014 and incorporated herein by reference)
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(c)(1)
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Opinion dated June 4, 2013 of Southwest Securities, Inc. to the Special Committee of the Board of Directors of The Hallwood Group Incorporated (incorporated herein by reference to Annex B of the Proxy Statement)
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(c)(2)
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Presentation, dated March 28, 2013, of Southwest Securities, Inc. to the Special Committee*
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(d)(1)
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Agreement and Plan of Merger, dated as of June 4, 2013, between The Hallwood Group Incorporated, Hallwood Financial Limited and HFL Merger Corporation (incorporated herein by reference to Annex A of the Proxy Statement)
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(d)(2)
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Amendment to Agreement and Plan of Merger, dated as of July 11, 2013, between The Hallwood Group Incorporated, Hallwood Financial Limited and HFL Merger Corporation (incorporated herein by reference to Annex A of the Proxy
Statement)
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(d)(3)
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Second Amendment to Agreement and Plan of Merger, dated as of February 7, 2014, between The Hallwood Group Incorporated, Hallwood Financial Limited and HFL Merger Corporation (incorporated herein by reference to Annex A of the Proxy
Statement)
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(d)(4)
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Stipulation of Settlement, dated February 7, 2014, by and among the parties to Gary L. Sample v. Anthony J. Gumbiner et al., Civil Action No. 8833-VCN in the Court of Chancery of the State of Delaware (filed as Exhibit 1 to
Amendment No. 20 to Schedule 13D/A, filed February 12, 2014 by Hallwood Trust and Anthony J. Gumbiner and incorporated herein by reference)
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(f)(1)
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Section 262 of Delaware General Corporation Law (incorporated herein by reference to Annex C of the Proxy Statement)
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*
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Previously filed with Amendment No. 1 to Schedule 13E-3 on January 16, 2014
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SIGNATURE
After reasonable inquiry and to the best of their respective knowledge and belief, the undersigned certify that the information set forth in this statement is
true, complete and correct.
Dated as of May 16, 2014
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THE HALLWOOD GROUP INCORPORATED
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By:
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/s/ Richard Kelley
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Name:
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Richard Kelley
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Title:
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VP - CFO
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HALLWOOD FINANCIAL LIMITED
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By:
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/s/ Anthony J. Gumbiner
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Name:
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Anthony J. Gumbiner
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Title:
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Director
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HALLWOOD FAMILY INVESTMENTS LTD.
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By:
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/s/ Anthony J. Gumbiner
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Name:
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Anthony J. Gumbiner
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Title:
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Director
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/s/ Anthony J. Gumbiner
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Anthony J. Gumbiner
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/s/ Marie Magdeleine Gumbiner
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Marie Magdeleine Gumbiner
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