-----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, TggzrPVY5XNKIsOOk9IDf2GsmQdkVnbuLs6uV48s6MT+1SJgL3hAZtp1spgsT8c8 EMTrlauphHWPQeRHpg1QHA== 0000902664-09-002000.txt : 20090513 0000902664-09-002000.hdr.sgml : 20090513 20090513170342 ACCESSION NUMBER: 0000902664-09-002000 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20090513 DATE AS OF CHANGE: 20090513 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MCG CAPITAL CORP CENTRAL INDEX KEY: 0001141299 IRS NUMBER: 541889518 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-78037 FILM NUMBER: 09823204 BUSINESS ADDRESS: STREET 1: 1100 WILSON BLVD STREET 2: SUITE 800 CITY: ARLINGTON STATE: VA ZIP: 22209 BUSINESS PHONE: 7032477500 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SPRINGBOK CAPITAL MANAGEMENT, LLC CENTRAL INDEX KEY: 0001387508 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 130 EAST 59TH STREET STREET 2: 11TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-897-6732 MAIL ADDRESS: STREET 1: 130 EAST 59TH STREET STREET 2: 11TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 p09-1013sc13da.txt MCG CAPITAL CORPORATION SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------- SCHEDULE 13D* (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) Under the Securities Exchange Act of 1934 (Amendment No. 4)(1) MCG Capital Corporation - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $0.01 Par Value Per Share - -------------------------------------------------------------------------------- (Title of Class of Securities) 58047P107 - -------------------------------------------------------------------------------- (CUSIP Number) Gavin Saitowitz Springbok Capital Management, LLC 405 Park Avenue, 6th Floor New York, NY 10022 (212) 415-6681 Jaime Lester Soundpost Partners, LP 405 Park Avenue, 6th Floor New York, NY 10022 (212) 920-8388 Jeffrey Keswin Lyrical Partners, L.P. 405 Park Avenue, 6th Floor New York, NY 10022 (212) 415-6640 With a copy to: Marc Weingarten, Esq. Schulte Roth & Zabel LLP 919 Third Avenue New York, New York 10022 (212) 756-2000 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 11, 2009 - -------------------------------------------------------------------------------- (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. (Continued on following pages) (Page 1 of 12 Pages) - -------------------------- (1) 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) - ------------------------------ -------------------- CUSIP NO. 58047P107 SCHEDULE 13D/A PAGE 2 of 12 Pages - ------------------------------ -------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Springbok Capital Management, LLC - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER -0- --------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 418,212 OWNED BY --------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON WITH -0- --------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 418,212 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 7,471,174 (See Item 5) - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.8% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IA - ------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! - ------------------------------ -------------------- CUSIP NO. 58047P107 SCHEDULE 13D/A PAGE 3 of 12 Pages - ------------------------------ -------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Springbok Capital Onshore, LLC - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER -0- --------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 711,551 OWNED BY --------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON WITH -0- --------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 711,551 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 7,471,174 (See Item 5) - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.8% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* 00 - ------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! - ------------------------------ -------------------- CUSIP NO. 58047P107 SCHEDULE 13D/A PAGE 4 of 12 Pages - ------------------------------ -------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Gavin Saitowitz - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF; AF - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER 1,000 --------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 1,129,763 OWNED BY --------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON WITH 1,000 --------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,129,763 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 7,471,174 (See Item 5) - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.8% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! - ------------------------------ -------------------- CUSIP NO. 58047P107 SCHEDULE 13D/A PAGE 5 of 12 Pages - ------------------------------ -------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Soundpost Partners, LP - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER -0- --------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 3,170,672 OWNED BY --------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON WITH -0- --------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 3,170,672 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 7,471,174 (See Item 5) - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.8% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IA - ------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! - ------------------------------ -------------------- CUSIP NO. 58047P107 SCHEDULE 13D/A PAGE 6 of 12 Pages - ------------------------------ -------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Jaime Lester - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER -0- --------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 3,170,672 OWNED BY --------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON WITH -0- --------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 3,170,672 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 7,471,174 (See Item 5) - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.8% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! - ------------------------------ -------------------- CUSIP NO. 58047P107 SCHEDULE 13D/A PAGE 7 of 12 Pages - ------------------------------ -------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Lyrical Partners, L.P. - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER -0- --------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 3,169,739 OWNED BY --------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON WITH -0- --------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 3,169,739 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 7,471,174 (See Item 5) - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.8% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IA - ------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! - ------------------------------ -------------------- CUSIP NO. 58047P107 SCHEDULE 13D/A PAGE 8 of 12 Pages - ------------------------------ -------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Jeffrey Keswin - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER -0- --------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 3,169,739 OWNED BY --------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON WITH -0- --------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 3,169,739 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 7,471,174 (See Item 5) - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.8% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! - ------------------------------ -------------------- CUSIP NO. 58047P107 SCHEDULE 13D/A PAGE 9 of 12 Pages - ------------------------------ -------------------- Item 1. Security and Issuer. This Amendment No. 4 ("Amendment No. 4") is filed with respect to shares of common stock, $0.01 par value per share (the "Common Stock"), of MCG Capital Corporation, a Delaware corporation (the "Issuer"), beneficially owned by the Reporting Persons (as defined in previous amendments hereto) as of May 12, 2009 and amends and supplements the Schedule 13D filed on November 20, 2008, as heretofore amended (the "Schedule 13D"). Except as set forth herein, the Schedule 13D is unmodified. Item 4. Purpose of Transaction. Item 4 is hereby amended and restated to include the following penultimate paragraphs: Springbok, Soundpost, Lyrical and Gavin Saitowitz have amended the Amended and Restated Term Sheet to effect the following changes: (i) the fourth installment of the professional service fee payable to Springbok by Soundpost and Lyrical pursuant to the Amended and Restated Term Sheet was increased from $87,500 to $196,000; (ii) the Tag Along Rights provisions of the Amended and Restated Term Sheet were abandoned, however the parties maintained the right to reinstate such Tag Along Rights provisions by written notice; and (iii) the parties agreed that Springbok's right to a payment equal to 5% of each of Soundpost's and Lyrical's aggregate realized profits on their shares of the Issuer's Common Stock will be paid out and such right will be terminated with respect to the future. The foregoing description of the amendments is a summary only and is qualified in its entirety by reference to such amendments, which are attached hereto as Exhibit 99.12. The Amended and Restated Term Sheet is attached as Exhibit 99.5 to the Schedule 13D filed on November 20, 2008. All such documents are incorporated herein by reference. Item 5. Interest in Securities of the Company. Paragraphs (a) through (d) of Item 5 are hereby amended and restated in their entirety as follows: (a) As of the close of business on May 12, 2009, the Springbok Entities, together with Gavin Saitowitz, beneficially owned an aggregate of 1,130,763 shares of Common Stock (consisting of (i) 418,212 shares of Common Stock deemed beneficially owned by Springbok, as the investment manager of Springbok Onshore, the beneficial owner of 94,414 shares, and Springbok Offshore, the beneficial owner of 323,788 shares, (ii) 711,551 shares of Common Stock beneficially owned by Springbok LLC and (iii) 1,000 shares of Common Stock beneficially owned by Gavin Saitowitz individually), constituting approximately 1.5% of the total Common Stock outstanding; Soundpost, together with Jaime Lester, beneficially owned an aggregate of 3,170,672 shares of Common Stock (consisting of (i) 2,028,854 shares beneficially owned by Soundpost Onshore and (ii) 1,141,818 shares beneficially owned by Soundpost Offshore), constituting approximately 4.2% of the total Common Stock outstanding; and Lyrical, together with Jeffrey Keswin, beneficially owned an aggregate of 3,169,739 shares of Common Stock (consisting of (i) 1,488,300 shares beneficially owned by Lyrical Onshore and (ii) 1,681,439 shares beneficially owned by Lyrical Offshore), constituting approximately 4.2% of the total Common Stock outstanding. As disclosed in the Schedule 13D, Springbok, Lyrical and Soundpost entered into an Amended and Restated Term Sheet, filed as Exhibit 99.5 to the Schedule 13D, which conferred upon the parties certain rights and obligations with regard to the Common Stock owned by the Reporting Persons. As a result, the Reporting Persons may be deemed to beneficially own an aggregate of 9.8% of the Issuer's Common Stock. The aggregate percentage of Shares beneficially owned is based upon 76,019,889 shares of Common Stock outstanding as of May 5, 2009 as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2009. - ------------------------------ -------------------- CUSIP NO. 58047P107 SCHEDULE 13D/A PAGE 10 of 12 Pages - ------------------------------ -------------------- (b) The Reporting Persons have shared voting and dispositive power over the 1,129,763 shares of Common Stock deemed beneficially owned by the Springbok Entities (excluding the 1,000 shares held individually by Gavin Saitowitz), the 3,170,672 shares of Common Stock deemed beneficially owned by Soundpost and the 3,169,739 shares of Common Stock deemed beneficially owned by Lyrical. Gavin Saitowitz has sole voting and dispositive power over the 1,000 shares of Common Stock he beneficially owns individually. (c) Information concerning transactions in shares of the Issuer's Common Stock effected by the Reporting Persons since the filing of Amendment No. 3 to the Schedule 13D is attached hereto as Appendix A and is incorporated herein by reference. (d) Springbok's right to receive a percentage of each of Soundpost's and Lyrical's respective aggregate realized profits was terminated as described in Item 4. To the best knowledge of the Reporting Persons, no person (other than the Reporting Persons) has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of the Issuer's Common Stock in connection with the transactions described herein. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Company. Item 6 is hereby amended and restated to include the following final paragraph: Springbok, Soundpost, Lyrical and Gavin Saitowitz entered into amendments of the Amended and Restated Term Sheet as described above herein at Item 4 and attached hereto as Exhibit 99.12. Item 7. Material to be Filed as Exhibits. Exhibit 99.12 - Amendments to the Amended and Restated Term Sheet by and among Springbok, Soundpost, Lyrical and Gavin Saitowitz. - ------------------------------ -------------------- CUSIP NO. 58047P107 SCHEDULE 13D/A PAGE 11 of 12 Pages - ------------------------------ -------------------- 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 13, 2009 SPRINGBOK CAPITAL MANAGEMENT, LLC By: /s/ Gavin Saitowitz ------------------------------- Name: Gavin Saitowitz Title: Managing Member SPRINGBOK CAPITAL ONSHORE, LLC By: /s/ Gavin Saitowitz ------------------------------- Name: Gavin Saitowitz Title: Managing Member SOUNDPOST PARTNERS, LP By: /s/ Jaime Lester ------------------------------- Name: Jaime Lester Title: Managing Member LYRICAL PARTNERS, L.P. By: /s/ Jeffrey Keswin ------------------------------- Name: Jeffrey Keswin Title: Managing Partner /s/ Gavin Saitowitz ---------------------------------- Gavin Saitowitz /s/ Jaime Lester ---------------------------------- Jaime Lester /s/ Jeffrey Keswin ---------------------------------- Jeffrey Keswin - ------------------------------ -------------------- CUSIP NO. 58047P107 SCHEDULE 13D/A PAGE 12 of 12 Pages - ------------------------------ -------------------- APPENDIX A TRANSACTIONS IN THE ISSUER'S COMMON STOCK BY THE REPORTING PERSONS(1) SINCE THE FILING OF AMENDMENT NO. 3 TO THE SCHEDULE 13D The following tables set forth all transactions in Common Stock of the Issuer effected since the filing of Amendment No. 3 to the Schedule 13D by each of the Reporting Persons, as applicable. Unless otherwise noted, all such transactions were effected in the open market with the personal or corporate funds of the respective Reporting Person. The shares are held in either cash accounts or margin accounts in the ordinary course of business, and otherwise, no part of the purchase price or market value of such shares is represented by funds borrowed or otherwise obtained for the purpose of acquiring or holding such securities. Soundpost Capital, LP Trade Date Amount Purchased (Sold) Price per Share ($) 5/08/09 (13,177) 2.26 5/08/09 (148) 2.26 5/08/09 148 2.17 5/11/09 (9,656) 2.16 5/12/09 (20,488) 2.28 Soundpost Capital Offshore, Ltd. Trade Date Amount Purchased (Sold) Price per Share ($) 5/08/09 (4,623) 2.26 5/08/09 (52) 2.26 5/08/09 52 2.17 5/11/09 (3,358) 2.16 5/12/09 (7,124) 2.28 Lyrical Opportunity Partners, II, Ltd. Trade Date Amount Purchased (Sold) Price per Share ($) 5/12/09 (25,000) 2.28 (1) Includes accounts under management of the Reporting Persons which have purchased or sold the Issuer's securities during the relevant period. EX-99 2 p09-1013exh99_12.txt EXHIBIT 99.12 May 11, 2009 Lyrical Partners, L.P. Soundpost Partners, LP Gentlemen: Reference is made to the Amended and Restated Term Sheet (the "Term Sheet") dated November 19, 2008 between Springbok Capital Management, LLC, Soundpost Partners, LP, Lyrical Partners, L.P. and Gavin Saitowitz. Capitalized terms used herein and not otherwise defined have the meanings given to them in the Term Sheet. For ten dollars and other good and valuable consideration, the receipt and adequacy of which hereby are acknowledged, Springbok, the Co-Venturing Parties and Gavin Saitowitz agree as follows, effective immediately: 1. The fourth installment of the professional service fee payable by the Co-Venturing Parties to Springbok shall be increased from $87,500 to $196,000. 2. The Tag Along Rights provisions specified in the Term Sheet shall not be in effect unless Springbok notifies the Co-Venturing Parties or the Co-Venturing Parties notify Springbok, in writing, that such rights shall resume. In all other respects, the Term Sheet shall remain in full force and effect. Very truly yours, SPRINGBOK CAPITAL MANAGEMENT, LLC By: /s/ Gavin Saitowitz ----------------------- Gavin Saitowitz AGREED AND ACCEPTED: SOUNDPOST PARTERS, LP By: /s/ Jaime Lester --------------------- Jaime Lester Managing Member LYRICAL PARTNERS, L.P. By: /s/ Jeffrey Keswin -------------------- Jeffrey Keswin Managing Partner April 30, 2009 Lyrical Partners, L.P. Soundpost Partners, LP Gentlemen: Reference is made to the Amended and Restated Term Sheet (the "Term Sheet") dated November 19, 2008 between Springbok Capital Management, LLC, Soundpost Partners, LP, Lyrical Partners, L.P. and Gavin Saitowitz. Capitalized terms used herein and not otherwise defined have the meanings given to them in the Term Sheet. For ten dollars and other good and valuable consideration, the receipt and adequacy of which hereby are acknowledged, Springbok, the Co-Venturing Parties and Gavin Saitowitz agree that the payment specified in the Term Sheet equal to 5% of each of the Co-Venturing Parties' respective aggregate realized profits on its MCG common stock, shall be determined using the closing price of MCG common stock as of the date hereof. Based on that $1.76 per share closing price, the payment shall be $307,368. There shall be no adjustment to this payment based upon market fluctuations hereafter or on the profits actually realized by the Co-Venturing Parties. In all other respects, the Term Sheet shall remain in full force and effect. Very truly yours, SPRINGBOK CAPITAL MANAGEMENT, LLC By: /s/ Gavin Saitowitz ----------------------- Gavin Saitowitz AGREED AND ACCEPTED: SOUNDPOST PARTERS, LP By: /s/ Jaime Lester --------------------- Jaime Lester Managing Member LYRICAL PARTNERS, L.P. By: /s/ Jeffrey Keswin -------------------- Jeffrey Keswin Managing Partner -----END PRIVACY-ENHANCED MESSAGE-----