-----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, HWbGe77wv+TOddLiivH0NuubkOGQ+xai+DqPTnZWOePmj0jqxkXrPVMrroTAuwRB yt2KoVigdjo2WGm3WMb9GQ== 0000909518-00-000254.txt : 20000411 0000909518-00-000254.hdr.sgml : 20000411 ACCESSION NUMBER: 0000909518-00-000254 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20000410 GROUP MEMBERS: GENERAL MOTORS CORP GROUP MEMBERS: HUGHES COMMUNICATIONS, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PANAMSAT CORP /NEW/ CENTRAL INDEX KEY: 0001037388 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] IRS NUMBER: 954607698 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-51009 FILM NUMBER: 597634 BUSINESS ADDRESS: STREET 1: ONE PICKWICK PLAZA CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 2036226664 MAIL ADDRESS: STREET 1: ONE PICKWICK PLAZA STREET 2: C/O PAN AM SAT CITY: GREENWICH STATE: CT ZIP: 06830 FORMER COMPANY: FORMER CONFORMED NAME: MAGELLAN INTERNATIONAL INC DATE OF NAME CHANGE: 19970408 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL MOTORS CORP CENTRAL INDEX KEY: 0000040730 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] IRS NUMBER: 380572515 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 300 RENAISSANCE CTR CITY: DETROIT STATE: MI ZIP: 48265-3000 BUSINESS PHONE: 3135565000 MAIL ADDRESS: STREET 1: 3044 W GRAND BOULEVARD CITY: DETROIT STATE: MI ZIP: 48202-3091 SC 13D/A 1 ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (AMENDMENT NO. 2) PANAMSAT CORPORATION -------------------- (Name of Issuer) COMMON STOCK, $.01 PAR VALUE PER SHARE 697933-10-9 - -------------------------------------------------------------------------------- (Title of class of securities) (CUSIP number) JENNIFER A. SMOLKER, ESQ. GENERAL COUNSEL AND SECRETARY HUGHES COMMUNICATIONS, INC. 200 N. SEPULVEDA BLVD. EL SEGUNDO, CALIFORNIA 90245 (310) 662-9935 - -------------------------------------------------------------------------------- (Name, address and telephone number of person authorized to receive notices and communications) APRIL 10, 2000 - -------------------------------------------------------------------------------- (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 Rules 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [_]. ================================================================================ NY2:\891792\05\J44005!.DOC\53356.0066
- ----------------------------------------------------------------- ------------------------------------------------ CUSIP No. 697933-10-9 13D Page 2 - ----------------------------------------------------------------- ------------------------------------------------ - ----------------- ----------------------------------------------- --------------------------------------------------------------- 1 NAME OF REPORTING PERSON: General Motors Corporation I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 38-0572515 - ----------------- --------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_] (B) [_] - ----------------- --------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------- -------------------------- ------------------------------------------------------------------------------------ 4 SOURCE OF FUNDS: N/A - ----------------- --------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - ----------------- -------------------------------------------------------------- ------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware - --------------------------- ------ --------------------------------------------- ------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER: 120,812,175 SHARES ------ --------------------------------------------- ------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY ------ --------------------------------------------- ------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 120,812,175 REPORTING ------ --------------------------------------------- ------------------------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - ----------------- --------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 120,812,175 - ----------------- --------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] - ----------------- --------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 80.8% - ----------------- ----------------------------------------------- --------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO - ----------------- ----------------------------------------------- --------------------------------------------------------------- SEE INSTRUCTIONS BEFORE FILLING OUT! 2 - ----------------------------------------------------------------- ------------------------------------------------ CUSIP No. 697933-10-9 13D Page 3 - ----------------------------------------------------------------- ------------------------------------------------ - ----------------- ----------------------------------------------- --------------------------------------------------------------- 1 NAME OF REPORTING PERSON: Hughes Communications, Inc. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 95-3884435 - ----------------- --------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_] (B) [_] - ----------------- --------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------- -------------------------- ------------------------------------------------------------------------------------ 4 SOURCE OF FUNDS: N/A - ----------------- --------------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - ----------------- -------------------------------------------------------------- ------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION: California - ------------------------- -------- --------------------------------------------- ------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER: 120,812,175 SHARES -------- --------------------------------------------- ------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY -------- --------------------------------------------- ------------------------------------------------ EACH 9 SOLE DISPOSITIVE POWER: 120,812,175 REPORTING -------- --------------------------------------------- ------------------------------------------------ PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - ----------------- --------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 120,812,175 - ----------------- --------------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] - ----------------- --------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 80.8% - ----------------- ----------------------------------------------- --------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO - ----------------- ----------------------------------------------- ---------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT! 3 This Amendment No. 2 amends the statement jointly filed by General Motors Corporation and Hughes Communications, Inc. with respect to the shares of common stock, par value $.01 per share ("Common Stock"), of PanAmSat Corporation (the "Company). Item 2. Identity and Background. ----------------------- (a) This statement is being filed jointly by General Motors Corporation, a Delaware corporation ("GM"), and Hughes Communications, Inc., a California corporation and an indirect, wholly-owned subsidiary of GM ("HCI," and together with GM, the "Reporting Persons"). The Reporting Persons are filing this statement jointly pursuant to a Joint Filing Agreement attached hereto as Exhibit 1. (b) The address of GM's principal office is 300 Renaissance Center, Detroit, Michigan 48265-3000. The address of HCI's principal office is 200 N. Sepulveda Blvd., El Segundo, California 90245. The names, business addresses and principal businesses of each of the directors and executive officers of each of GM and HCI are set forth on Schedule I hereto and incorporated by reference herein. (c) The principal business of GM is the design, manufacturing and marketing of cars, trucks, locomotives, and heavy duty transmissions and related parts and accessories, and financing and insurance operations. The principal business of HCI is the development of satellite-based communications businesses. (d) During the last five years, none of the Reporting Persons nor, to the best of their knowledge, any of the executive officers or directors of any of the Reporting Persons, has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) During the last five years, none of the Reporting Persons nor, to the best of their knowledge, any of the executive officers or directors of any of the Reporting Persons, has been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, 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. (f) To the best knowledge of the Reporting Persons, each of the executive officers and directors of the Reporting Persons is a United States citizen other than: Percy N. Barnevik, a director of GM, who is a citizen of Sweden; Nobuyuki Idei, a director of GM, who is a citizen of Japan; and Eckhard Pfeiffer, a director of GM, who is a citizen of Germany. Item 4. Purpose of Transaction. ---------------------- HCI and its affiliates remain subject to certain contractual provisions which prohibit HCI and its affiliates, for a period of five years from May 16, 1997, from acquiring more than 81% of the outstanding equity securities of the Company, except (i) pursuant to a merger which is approved by the holders of a majority of the shares of Company common stock not owned by HCI and its affiliates, (ii) pursuant to a tender offer recommended by a majority of the Disinterested Directors (as defined) of the Company and second-step merger which offers the same per share consideration to all holders of Company common stock and in which more than half the outstanding Company common stock not owned by HCI and its affiliates at the inception of the 4 transaction is either tendered or voted in favor of the transaction, and (iii) pursuant to such other transaction as shall provide parity of treatment of holders of Company common stock and is approved by the holders of a majority of the shares of Company common stock not owned by HCI and its affiliates and by a majority of Disinterested Directors of the Company (the "Standstill Restrictions"). None of the Reporting Persons has any present plan or proposal which relates to, or could result in, any of the events referred to in paragraphs (a) through (j), inclusive, of Item 4 of Schedule 13D. However, as part of its strategic planning, management of HEC (as defined in Item 5 hereof) may from time to time examine the desirability of increasing its ownership interest in the Company and, subject to the terms of the Standstill Restrictions and depending on general market and economic conditions affecting the Company, HEC's views of the prospects for the Company, the price at which shares of the Company could be acquired and other relevant factors, HCI and its affiliates from time to time may seek to acquire additional shares of the Company's common stock in open market transactions, private transactions or otherwise. Item 5. Interest in Securities of the Issuer. ------------------------------------ (a) As of April 10, 2000, HCI is the direct owner of 120,812,175 shares of Common Stock, which represents approximately 80.8% of the outstanding shares of Common Stock (based on 149,446,936 outstanding shares as of March 20, 2000). As of April 10, 2000, certain executive officers and directors of the Reporting Persons beneficially owned an aggregate of approximately 11,695 shares of Common Stock. The Reporting Persons disclaim any beneficial interest in such shares. (b) GM, acting through Hughes Electronics Corporation, a Delaware corporation and a wholly-owned subsidiary of GM ("HEC"), and Hughes Telecommunications and Space Company, a Delaware corporation and wholly-owned subsidiary of HEC, indirectly has sole power to vote or direct the vote, and to dispose or to direct the disposition of the shares of Common Stock beneficially owned by GM. As a result, GM may be deemed to beneficially own the shares of Common Stock directly owned by HCI. (c) There have not been any transactions in the Common Stock effected by or for the account of any of the Reporting Persons or any executive officer or director of any of the Reporting Persons during the past 60 days. (d) Except as stated in this Item 5, to the best knowledge of the Reporting Persons, no other person has the right to receive dividends from, or the proceeds from the sale of, the shares of Common Stock owned by the Reporting Persons. (e) Not applicable. Item 7. Materials to be Filed as Exhibits. --------------------------------- Exhibit 1 Joint Filing Agreement, dated April 10, 2000 5 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. GENERAL MOTORS CORPORATION By: Thomas A. Gottschalk ---------------------------------- Name: Thomas A. Gottschalk Title: Senior Vice President and General Counsel HUGHES COMMUNICATIONS, INC. By: Michael J. Gaines ---------------------------------- Name: Michael J. Gaines Title: Senior Vice President Date: April 10, 2000 6 SCHEDULE I DIRECTORS AND EXECUTIVE OFFICERS OF GENERAL MOTORS CORPORATION -------------------------- The name, business address, present principal occupation or employment, and the name, principal business and address of any corporation or other organization in which such employment is conducted, of each of the directors and executive officers of General Motors Corporation is set forth below. Unless otherwise specified, the business address of each person listed below is 300 Renaissance Center, Detroit Michigan 48265-3000.
Principal Occupation, If Other Than Name and Business Address Position With GM As An Executive Officer Of GM - ------------------------- ---------------- ----------------------------- Percy N. Barnevik Director Chairman, ABB Asea Brown Boveri Ltd. ABB Asea Brown Ltd. Affolternstasse 44 Box 8131 CH-8050 Zurich, Switzerland John H. Bryan Director Chairman and Chief Executive Officer, Sara Sara Lee Corporation Lee Corporation Three First National Plaza 46th Floor Chicago, IL 60602-4260 Thomas E. Everhart Director Professor Emeritus and Professor of California Institute of Technology Electrical Engineering and Applied 1200 E. California Blvd. Physics, California Institute of Technology Mail Code 202-31 Pasadena, CA 91125 Charles T. Fisher, III Director John D. Finnegan Executive Vice President; Chairman and President, General Motors Acceptance Corporation George M. C. Fisher Director Chairman of the Board, Eastman Kodak Eastman Kodak Company Company 343 State Street Rochester, NY 14650-0229 Nobuyuki Idei Director President and Chief Executive Officer, Sony Corporation Sony Corporation 6-735 Kitashinagawa Shinagawa-ku Tokyo 141-0001 Karen Katen Director President, U.S. Pharmaceuticals Group, Pfizer Inc. Pfizer Inc.; Executive Vice President of 235 East 42nd Street the global Pfizer Pharmaceuticals Group New York, NY 10017-5755 7 Principal Occupation, If Other Than Name and Business Address Position With GM As An Executive Officer Of GM - ------------------------- ---------------- ----------------------------- J. Michael Losh Executive Vice President; Chief Financial Officer J. Willard Marriott, Jr. Director Chairman and Chief Executive Officer, Marriott International, Inc. Marriott International, Inc. One Marriott Drive Washington, D.C. 20058 Ann D. McLaughlin Director Chairman, The Aspen Institute The Aspen Institute 133 New Hampshire Ave, NW Suite 1070 Washington, D.C. 20036 Harry J. Pearce Vice Chairman of the Board Eckhard Pfeiffer Director Chairman, Intershop Communications c/o General Motors Corporation AG/Inc.; Chairman, ricardo.de AG 300 Renaissance Center Detroit Michigan 48265-3000 John G. Smale Director The Procter & Gamble Company P.O. Box 599 Mailbox #16 Cincinnati, OH 45201-0599 John F. Smith, Jr. Chairman of the Board and Chief Executive Officer Louis W. Sullivan Director President, Morehouse School of Medicine Morehouse School of Medicine 720 Westview Drive, S.W. Atlanta, GA 30310-1495 G. Richard Wagoner, Jr. President, Chief Operating Officer and Director Dennis Weatherstone Director c/o J. P. Morgan & Co., Incorporated 60 Wall Street, 21st Floor New York, NY 10260 Ronald L. Zarrella Executive Vice President; President, GM North America
8 DIRECTORS AND EXECUTIVE OFFICERS OF HUGHES COMMUNICATIONS, INC. --------------------------- The name, business address, present principal occupation or employment, and the name, principal business and address of any corporation or other organization in which such employment is conducted, of each of the directors and executive officers of Hughes Communications, Inc. is set forth below. Unless otherwise specified, the business address of each person listed below is 200 N. Sepulveda Blvd., El Segundo, CA 90245.
Principal Occupation, If Other Than Name and Business Address Position With HCI As An Executive Officer Of HCI - ------------------------- ----------------- ------------------------------ Roxanne S. Austin Director Corporate Senior Vice President and Chief Financial Officer of Hughes Electronics Corporation Frank A. Taormina President Patrick T. Doyle Senior Vice President Vice President, Mergers and Acquisitions of Hughes Electronics Corporation Michael J. Gaines Senior Vice President Vice President and Controller of Hughes Electronics Corporation Jennifer A. Smolker General Counsel and Secretary Vice President and Assistant General Counsel of Hughes Electronics Corporation Grant J. Beatson Chief Financial Officer Janet Williamson Assistant Secretary Corporate Secretary of Hughes Electronics Corporation
9 EXHIBIT INDEX Exhibit No. Description of Exhibit - ----------- ---------------------- Exhibit 1 Joint Filing Agreement, dated April 10, 2000 10 EX-99 2 EXHIBIT 1 JOINT FILING AGREEMENT This will confirm the agreement by and among all of the undersigned that the Schedule 13D filed on or about this date and any amendments thereto with respect to the beneficial ownership by the undersigned of shares of the common stock, $.01 par value per share, of PanAmSat Corporation is being filed on behalf of each of the undersigned in accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934. This agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Date: April 10, 2000 GENERAL MOTORS CORPORATION By: Thomas A. Gottschalk ------------------------------------- Name: Thomas A. Gottschalk Title: Senior Vice President and General Counsel HUGHES COMMUNICATIONS, INC. By: Michael J. Gaines ------------------------------------- Name: Michael J. Gaines Title: Senior Vice President -----END PRIVACY-ENHANCED MESSAGE-----