-----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, MI/71Ct1MF6N1WEtA2UTqh4TdZJoaXTm9Ig/3Ve32E1THyS93c4Jd9xE0YH6Zidm kRVfMHusFxwDdJThtuOhOg== 0001047469-02-008760.txt : 20021231 0001047469-02-008760.hdr.sgml : 20021231 20021231145032 ACCESSION NUMBER: 0001047469-02-008760 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20021231 GROUP MEMBERS: JANE R. MCGINLEY CO-TRUSTEE MARITAL TRUST NO. 1 GROUP MEMBERS: JANE R. MCGINLEY CO-TRUSTEE MARITAL TRUST NO. 2 GROUP MEMBERS: JANE R. MCGINLEY INDIVIDUALLY AND AS SPECIAL FIDUCIARY GROUP MEMBERS: MARGARET J. MCGINLEY INDIVIDUALLY AS SPECIAL FIDUCIARY GROUP MEMBERS: RAYMOND J. ROBERTS INDIVIDUALLY AND AS SPECIAL FIDUCIARY GROUP MEMBERS: ROBERT R. MCGINLEY INDIVIDUALLY AS SPECIAL FIDUCIARY FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MCGINLEY JAMES F CENTRAL INDEX KEY: 0001165510 FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 1: C/O STARLOS LIGHTWAVE, INC. STREET 2: 7444 W. WILSON AVENUE CITY: CHICAGO STATE: IL ZIP: 60706-4549 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: METHODE ELECTRONICS INC CENTRAL INDEX KEY: 0000065270 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC CONNECTORS [3678] IRS NUMBER: 362090085 STATE OF INCORPORATION: DE FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-10278 FILM NUMBER: 02873695 BUSINESS ADDRESS: STREET 1: 7401 W WILSON AVE CITY: CHICAGO STATE: IL ZIP: 60706 BUSINESS PHONE: 7088679600 MAIL ADDRESS: STREET 1: 7401 WEST WILSON AVE CITY: CHICAGO STATE: IL ZIP: 60706 SC 13D/A 1 a2097348zsc13da.txt SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 3)* METHODE ELECTRONICS, INC. (Name of Issuer) CLASS B COMMON STOCK, $.50 PAR VALUE (Title of Class of Securities) 59152010 (CUSIP Number) JANE R. MCGINLEY, AS CO-TRUSTEE OF THE WILLIAM J. MCGINLEY MARITAL TRUST NO. 1 C/O LOUIS S. HARRISON LORD, BISSELL & BROOK 115 SOUTH LASALLE STREET CHICAGO, ILLINOIS 60603 (312) 443-0700 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) DECEMBER 26, 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 Section 240.13d-1(e), 240.13d-1(f) or 240.13d-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 Section 240.13d-7 for other parties to whom copies are to be sent. * 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). Page 2 of 18 CUSIP No. 59152010 - ------------------------------------------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Jane R. McGinley as Co-Trustee of the William J. McGinley Marital Trust No. 1 - ------------------------------------------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) N/A (a) (b) - ------------------------------------------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) Not Applicable - ------------------------------------------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) N/A - ------------------------------------------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Illinois - ------------------------------------------------------------------------------------------------------------------- Number of 7. Sole Voting Power 0 Shares ------------------------------------------------------------------------------------------------- Beneficially Owned by 8. Shared Voting Power 0 Each Reporting ------------------------------------------------------------------------------------------------- Person 9. Sole Dispositive Power 0 With ------------------------------------------------------------------------------------------------- 10. Shared Dispositive Power 0 - ------------------------------------------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 87,277 - ------------------------------------------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions). - ------------------------------------------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 8.0 - ------------------------------------------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) OO - ------------------------------------------------------------------------------------------------------------------- Page 3 of 18 CUSIP No. 59152010 - ------------------------------------------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Jane R. McGinley as Co-Trustee of the William J. McGinley Marital Trust No. 2 - ------------------------------------------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) N/A (a) (b) - ------------------------------------------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) Not Applicable - ------------------------------------------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) N/A - ------------------------------------------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Illinois - ------------------------------------------------------------------------------------------------------------------- Number of 7. Sole Voting Power 0 Shares ------------------------------------------------------------------------------------------------- Beneficially Owned by 8. Shared Voting Power 0 Each ------------------------------------------------------------------------------------------------- Reporting Person 9. Sole Dispositive Power 0 With ------------------------------------------------------------------------------------------------- 10. Shared Dispositive Power 0 - ------------------------------------------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 793,624 - ------------------------------------------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions). - ------------------------------------------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 72.9 - ------------------------------------------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) OO - ------------------------------------------------------------------------------------------------------------------- Page 4 of 18 CUSIP No. 59152010 - ------------------------------------------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Jane R. McGinley, individually and as Special Fiduciary under the William J. McGinley Marital Trust No. 1 and No. 2 - ------------------------------------------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) N/A (a) (b) - ------------------------------------------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) Not Applicable - ------------------------------------------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) N/A - ------------------------------------------------------------------------------------------------------------------- 6. Citizenship or Place of Organization USA - ------------------------------------------------------------------------------------------------------------------- Number of 7. Sole Voting Power 10,002 Shares ------------------------------------------------------------------------------------------------- Beneficially Owned by 8. Shared Voting Power 880,901 Each ------------------------------------------------------------------------------------------------- Reporting Person 9. Sole Dispositive Power 10,002 With ------------------------------------------------------------------------------------------------- 10. Shared Dispositive Power 880,901 - ------------------------------------------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 890,903 - ------------------------------------------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions). X Jane R. McGinley specifically disclaims beneficial ownership of all shares owned by the other filers of this Schedule other than in their respective capacities as Special Fiduciary under the William J. McGinley Marital Trust No. 1 and No. 2. - ------------------------------------------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 81.9 - ------------------------------------------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) IN - ------------------------------------------------------------------------------------------------------------------- Page 5 of 18 CUSIP No. 59152010 - ------------------------------------------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Raymond J. Roberts, individually and as Special Fiduciary under the William J. McGinley Marital Trust No. 1 and No. 2 - ------------------------------------------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) N/A (a) (b) - ------------------------------------------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) Not Applicable - ------------------------------------------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) N/A - ------------------------------------------------------------------------------------------------------------------- 6. Citizenship or Place of Organization USA - ------------------------------------------------------------------------------------------------------------------- Number of 7. Sole Voting Power 6,200 Shares ------------------------------------------------------------------------------------------------- Beneficially Owned by 8. Shared Voting Power 880,901 Each ------------------------------------------------------------------------------------------------- Reporting Person 9. Sole Dispositive Power 6,200 With ------------------------------------------------------------------------------------------------- 10. Shared Dispositive Power 880,901 - ------------------------------------------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 887,101 - ------------------------------------------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions). X Raymond J. Roberts specifically disclaims beneficial ownership of all shares owned by the other filers of this Schedule other than in their respective capacities as Special Fiduciary under the William J. McGinley Marital Trust No. 1 and No. 2. 13. Percent of Class Represented by Amount in Row (11) 81.6 - ------------------------------------------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) IN - ------------------------------------------------------------------------------------------------------------------- Page 6 of 18 CUSIP No. 59152010 - ------------------------------------------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Robert R. McGinley, individually, as Special Fiduciary under the William J. McGinley Marital Trust No. 1 and No. 2 - ------------------------------------------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) N/A (a) (b) - ------------------------------------------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) Not Applicable - ------------------------------------------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) N/A - ------------------------------------------------------------------------------------------------------------------- 6. Citizenship or Place of Organization USA Number of 7. Sole Voting Power 23,308 Shares ------------------------------------------------------------------------------------------------- Beneficially Owned by 8. Shared Voting Power 880,901 Each ------------------------------------------------------------------------------------------------- Reporting Person 9. Sole Dispositive Power 23,308 With ------------------------------------------------------------------------------------------------- 10. Shared Dispositive Power 880,901 - ------------------------------------------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 904,209 - ------------------------------------------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions). X Robert R. McGinley specifically disclaims beneficial ownership of all shares owned by the other filers of this Schedule other than in their respective capacities as Special Fiduciary under the William J. McGinley Marital Trust No. 1 and No. 2. - ------------------------------------------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 83.1 - ------------------------------------------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) IN - ------------------------------------------------------------------------------------------------------------------- Page 7 of 18 CUSIP No. 59152010 - ------------------------------------------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Margaret J. McGinley, individually, as Special Fiduciary under the William J. McGinley Marital Trust No. 1 and No. 2 - ------------------------------------------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) N/A (a) (b) - ------------------------------------------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) Not Applicable - ------------------------------------------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) N/A - ------------------------------------------------------------------------------------------------------------------- 6. Citizenship or Place of Organization USA - ------------------------------------------------------------------------------------------------------------------- Number of 7. Sole Voting Power 17,281 Shares ------------------------------------------------------------------------------------------------- Beneficially Owned by 8. Shared Voting Power 880,901 Each ------------------------------------------------------------------------------------------------- Reporting Person 9. Sole Dispositive Power 17,281 With ------------------------------------------------------------------------------------------------- 10. Shared Dispositive Power 880,901 - ------------------------------------------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 898,182 - ------------------------------------------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions). X Margaret J. McGinley specifically disclaims beneficial ownership of all shares owned by the other filers of this Schedule other than in their respective capacities as Special Fiduciary under the William J. McGinley Marital Trust No. 1 and No. 2. - ------------------------------------------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 82.6 - ------------------------------------------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) IN - ------------------------------------------------------------------------------------------------------------------- Page 8 of 18 CUSIP No. 59152010 - ------------------------------------------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). James W. McGinley, individually, as Special Fiduciary under the William J. McGinley Marital Trust No. 1 and No. 2. - ------------------------------------------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) N/A (a) (b) - ------------------------------------------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) Not Applicable - ------------------------------------------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) N/A - ------------------------------------------------------------------------------------------------------------------- 6. Citizenship or Place of Organization USA - ------------------------------------------------------------------------------------------------------------------- Number of 7. Sole Voting Power 0 Shares ------------------------------------------------------------------------------------------------- Beneficially Owned by 8. Shared Voting Power 881,169 Each ------------------------------------------------------------------------------------------------- Reporting Person 9. Sole Dispositive Power 0 With ------------------------------------------------------------------------------------------------- 10. Shared Dispositive Power 881,169 - ------------------------------------------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 881,169 - ------------------------------------------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions). X James W. McGinley specifically disclaims beneficial ownership of all shares owned by the other filers of this Schedule other than in their respective capacities as Special Fiduciary under the William J. McGinley Marital Trust No. 1 and No. 2. 13. Percent of Class Represented by Amount in Row (11) 81.0 - ------------------------------------------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------------------------------------------
Page 9 of 18 Item 1. SECURITY AND ISSUER. This statement relates to beneficial ownership of shares of Class B Common Stock, $.50 par value (the "Class B Common Stock") of Methode Electronics, Inc., a Delaware corporation (the "Issuer"). The address of the principal executive offices of the Issuer is 7401 West Wilson Avenue, Chicago, Illinois 60706. Item 2. IDENTITY AND BACKGROUND. This statement is being filed by Jane R. McGinley, individually and as Co-Trustee of the William J. McGinley Marital Trust No. 1 and the William J. McGinley Marital Trust No. 2, Raymond J. Roberts, Robert R. McGinley, Margaret J. McGinley, and James W. McGinley (collectively referred to herein for convenience as the "Special Fiduciaries"). WILLIAM J. MCGINLEY MARITAL TRUST NO. 1 AND NO. 2: The William J. McGinley Marital Trust No. 1 and No. 2 (the "Marital Trusts") were formed in Illinois as testamentary trusts under the William J. McGinley Trust (the "Living Trust") pursuant to the estate plan of William J. McGinley. The address for the Marital Trusts is Jane R. McGinley, Co-Trustee of the William J. McGinley Marital Trust No. 1 and No. 2, c/o Louis S. Harrison, Lord, Bissell & Brook, 115 South LaSalle Street, Chicago, Illinois 60603. The Marital Trusts have not, during the last five years, been convicted in any criminal proceeding, excluding traffic violations or similar misdemeanors. Furthermore, the Marital Trusts have not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which they were or are 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. JANE R. MCGINLEY, INDIVIDUALLY: Jane R. McGinley is the Executor of the Estate of William J. McGinley, c/o Louis S. Harrison, Lord, Bissell & Brook, 115 South LaSalle Street, Chicago, Illinois 60603, Trustee of the Jane R. McGinley Revocable Trust, a Co-Trustee and Special Fiduciary under the Living Trust, and a Co-Trustee and Special Fiduciary under the Marital Trusts. Jane R. McGinley is not presently employed, other than in her role as Executor of the Estate of William J. McGinley and in her capacity as Special Fiduciary under the Living Trust and Marital Trusts. Jane R. McGinley is a citizen of the United States of America. Jane R. McGinley has not, during the last five years, been convicted in any criminal proceeding, excluding traffic violations or similar misdemeanors. Furthermore, Jane R. McGinley has not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which she 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. RAYMOND J. ROBERTS: Page 10 of 18 Raymond J. Roberts is the Chief Financial Officer and Secretary-Treasurer of Coilcraft, Inc. located at 1102 Silver Lake Road, Cary, Illinois 60013, as well as Special Fiduciary under the Living Trust and Marital Trusts. Raymond J. Roberts is a citizen of the United States of America. Raymond J. Roberts has not, during the last five years, been convicted in any criminal proceeding, excluding traffic violations or similar misdemeanors. Furthermore, Raymond J. Roberts has not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which he 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. ROBERT R. MCGINLEY: Robert R. McGinley is President of Image Network, Inc. located at 1807 12th Street, Santa Monica, California 90404. Robert R. McGinley is also a Director of the Issuer, as well as a Special Fiduciary under the Living Trust and Marital Trusts. Robert R. McGinley is a citizen of the United States of America. Robert R. McGinley has not, during the last five years, been convicted in any criminal proceeding, excluding traffic violations or similar misdemeanors. Furthermore, Robert R. McGinley has not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which he 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. MARGARET J. MCGINLEY: Margaret J. McGinley is not presently employed other than serving in her capacity as a Special Fiduciary under the Living Trust and Marital Trusts. Margaret J. McGinley's address for the purposes hereof is P.O. Box 1248, Anna Maria, Florida 34216. Margaret J. McGinley is a citizen of the United States of America. Margaret J. McGinley has not, during the last five years, been convicted in any criminal proceeding, excluding traffic violations or similar misdemeanors. Furthermore, Margaret J. McGinley has not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which she 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. JAMES W. MCGINLEY: James W. McGinley is President and Chief Executive Officer of Stratos Lightwave, Inc. located at 7444 West Wilson Avenue, Chicago, Illinois 60656. James W. McGinley is also a Director of the Issuer, as well as a Special Fiduciary under the Living Trust and Marital Trusts. James W. McGinley is a citizen of the United States of America. Page 11 of 18 James W. McGinley has not, during the last five years, been convicted in any criminal proceeding, excluding traffic violations or similar misdemeanors. Furthermore, James W. McGinley has not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which he 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. Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Not applicable. Item 4. PURPOSE OF TRANSACTION. On August 19, 2002, the Issuer entered into an agreement with the Marital Trusts to make a tender offer to purchase all of the Issuer's Class B Common Stock owned by the Marital Trusts at a price per share of $20.00 in cash (the "Tender Offer"). By amendment dated December 26, 2002, the Issuer entered into an agreement with the Marital Trusts to amend the agreement to tender for all of the Issuer's outstanding Class B Common Stock. Pursuant to the amendment, the Company agreed to call a special meeting of its Class A Stockholders for the purpose of obtaining approval of the Tender Offer by a majority of the shares of Class A Common Stock present or represented by proxy at the special meeting (excluding shares of Class A Common Stock held by the McGinley trusts and certain McGinley family members). Although the Class B Common Stock represents only approximately three percent of the Issuer's outstanding equity securities, under the Issuer's charter, it is entitled to elect approximately 75% of the Issuer's board of directors. Under the Issuer's charter, the right of the Class B Common Stock to elect approximately 75% of the Issuer's board of directors is eliminated once the number of outstanding shares of Class B Common Stock falls below 100,000. The Tender Offer will be contingent upon a sufficient number of shares of Class B Common Stock being tendered so that upon closing the Tender Offer, less than 100,000 shares of Class B Common Stock remain outstanding. The Tender Offer will be subject to a number of other standard terms and conditions to be specified in the offer to purchase that will be distributed to the holders of the Class B Common Stock, including the Marital Trusts. Pursuant to the amendment, the Issuer's obligation to commence the Tender Offer and the obligation of the Marital Trusts and certain McGinley family members to tender their Class B shares is also subject to, among other things, the approval of the Tender Offer by the company's Class A stockholders and the receipt of a favorable supplemental private letter ruling from the Internal Revenue Service that the proposed tender offer will not affect the tax consequences of the Stratos Lightwave, Inc. spin-off. Methode expects to complete the tender offer within four months. In connection with closing these transactions, James W. McGinley, a current director of the Issuer, and Roy M. Van Cleave, a director nominee of the Issuer, will resign from the Issuer's board of directors and the Marital Trusts have agreed that Horizon Farms, Inc., an affiliate of the Marital Trusts, will repay in full the principal amount and all accrued interest due under a $6,000,000 note due to the Issuer. Additional funds necessary to Page 12 of 18 consummate the Tender Offer net of the loan repayment will come from the Issuer's available cash. Other than as set forth above, none of the Marital Trusts or the Special Fiduciaries currently have plans or proposals which relate to or would result in: (a) the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (d) any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (e) any material change in the present capitalization or dividend policy of the Issuer; (f) any other material change in the Issuer's business or corporate structure; (g) changes in the Issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; (h) causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted on an inter-dealer quotation system of a registered national securities association; (i) a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of The Securities Exchange Act of 1934; or (j) any action similar to any of those enumerated above. Item 5. INTEREST IN SECURITIES OF THE ISSUER. Items 11 and 13 of the cover pages set out the aggregate number and percentage, respectively, of Class B Common Stock beneficially owned by each filer of this Schedule. The William J. McGinley Marital Trust No. 1 beneficially owns 87,277 shares of the Class B Common Stock but has no power to vote or to dispose of those shares. The William J. McGinley Marital Trust No. 2 beneficially owns 793,624 shares of the Class B Common Stock but has no power to vote or to dispose of those shares. As Special Fiduciaries of the Marital Trusts, each Special Fiduciary has shared power to vote and to dispose of all of the 880,901 shares of the Class B Common Stock owned in the aggregate by the Marital Trusts. Jane R. McGinley also has sole power to vote and to dispose of or direct the vote or disposition of 10,002 shares; Raymond J. Roberts also has sole power to vote and to dispose of or direct the vote or disposition of 6,200 shares; Robert J. McGinley also has sole power to vote and to dispose of or direct the vote or disposition of 23,308 shares; and Margaret J. McGinley also has sole power to vote and to dispose of or direct the vote or disposition of 17,281 shares. James W. McGinley also shares power to vote and to dispose of 268 shares of the Class B Common Stock owned individually by his spouse, Valerie A. McGinley. Valerie A. McGinley is not presently employed. Valerie A. McGinley's address is c/o James W. McGinley, Stratos Lightwave, Inc., 7444 West Wilson Avenue, Chicago, Illinois 60656. Valerie A. McGinley is a citizen of the United States of America. Valerie A. McGinley has not, during the last five years, been convicted in any criminal proceeding, excluding traffic violations or similar misdemeanors. Furthermore, Valerie A. McGinley has not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which she was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or Page 13 of 18 mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Other than the information described in Item 4, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among each of the persons named in Item 2 and between each of such persons and any person with respect to any securities of the Issuer, including but not limited to transfer or voting of any of the securities, 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, other than for estate planning purposes. Item 7. MATERIAL TO BE FILED AS EXHIBITS. 1. Statement by the filers of this Schedule that this filing is made on behalf of each of them. 2. Amendment, dated December 26, 2002, to the Agreement, dated August 19, 2002 by and among Methode Electronics, Inc., William J. McGinley Marital Trust No. 1, William J. McGinley Marital Trust No. 2, Jane R. McGinley, Margaret J. McGinley, James W. McGinley and Robert R. McGinley. 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. DATE: December 30, 2002 /S/ JAMES W. MCGINLEY ------------------------------ James W. McGinley, on behalf of himself and as attorney-in-fact for Jane R. McGinley, individually and as Co-Trustee of the William J. McGinley Marital Trust No. 1 and the William J. McGinley Marital Trust No. 2, Raymond J. Roberts, Robert R. McGinley, and Margaret J. McGinley EX-1 3 a2097348zex-1.txt EX-1 Page 14 of 18 EXHIBIT 1 Pursuant to Rule 13D-1(k)(1), Jane R. McGinley, individually and as Co-Trustee of the William J. McGinley Marital Trust No. 1 and the William J. McGinley Marital Trust No. 2, Raymond J. Roberts, Robert R. McGinley, Margaret J. McGinley and James W. McGinley agree that this Schedule is filed on behalf of each of them. EX-2 4 a2097348zex-2.txt EX-2 EXHIBIT 2 Amendment to the Agreement dated August 19, 2002 This Amendment ("Amendment") to the Agreement dated as of August 19, 2002 ("Agreement"), is made as of December 26, 2002 by and among the Company and the Stockholders. All capitalized terms herein shall have the meaning set forth in the Agreement. WHEREAS, the Company and its directors as of August 19, 2002 are defendants in a certain lawsuit filed in Delaware Chancery Court (C.A. No. 19899) relating to the Offer ("Litigation"); and WHEREAS, the trial of such Litigation is set to commence on January 6, 2003 ("Trial"); and Whereas, as an inducement to enter into this Amendment, the Company hereby represents to the Stockholders that the plaintiff's counsel has confirmed to counsel for the Special Committee that the Trial will be postponed until after the date of a special meeting of the Company's Class A stockholders relating to the Offer; NOW, THEREFORE, the Company and the Stockholders agree as follows: 1. A new Section 1 (d) is hereby added to the Agreement which reads as follows: "The Company agrees to call a special meeting of the Class A stockholders as soon as reasonably practicable for the purpose of obtaining approval by the Class A stockholders of the Offer by the affirmative vote of a majority of the Class A shares present or represented by proxy at the meeting (excluding Class A shares held by the Stockholders) and to use its best efforts to obtain such affirmative vote through all available means of proxy solicitation, including the use of a proxy statement in which the Special Committee of the Board of Directors recommends to such Class A stockholders to vote for the approval of the Offer; provided, however, that the Board of Directors of the Company shall not be required to call, or to hold, such meeting and the Special Committee shall be permitted to withdraw, modify or propose to withdraw or modify such recommendation if the Board of Directors of the Company (in the case of a failure to call and/or hold such special meeting) or the Special Committee (in the case of a withdrawal, modification, or proposed modification of its recommendation) shall determine in good faith, after consulting with its outside counsel and financial advisor, that such action is consistent with the fiduciary duties of the directors to the Company's Class A stockholders under applicable law.." 2. The phrase "Except for the Litigation," is hereby added to the beginning of Sections 3(d) and 4(d) of the Agreement. 3. A new sentence is hereby added to Section 6 (b) of the Agreement which reads as follows: "In addition, the obligation of each Stockholder under this Agreement shall be subject to the further conditions that (a) the Company shall have received the approval of the Offer at the special meeting of Class A stockholders referred to in Section 1(d) herein, (b) that the Company shall have obtained the Supplemental Ruling, (c) the Company shall not have failed or declined to call or hold such special meeting and (d) the Special Committee shall not have withdrawn or modified or proposed to withdraw or modify its recommendation that the Class A stockholders vote for the approval of the Offer. The conditions referred to herein are for the Stockholders' sole benefit and may be asserted by the Stockholders regardless of the circumstances giving rise to any condition, and may be waived by the Stockholders, in whole or in part, at any time and from time to time in the Stockholders sole discretion." 4. A new subparagraph (f) is hereby added to Exhibit B of the Agreement which reads as follows: "The Company shall not have received the approval of the Offer at the special meeting of the Company's Class A stockholders referred to in new Section 1(d) herein." 5. Section 7 (a) (iii) of the Agreement is hereby amended in its entirety to read as follows: " By the Trusts if any one of the conditions set forth in Section 6 (b) shall not have been satisfied, and shall not have been waived by the Trusts; or" 6. Section 7 (a) (iv) of the Agreement is hereby amended in its entirety to read as follows: "By the Company or the Trusts if the Offer has not been completed by the Company on or prior to May 31, 2003 (the "End Date")". 7. Subparagraph (c) of Exhibit B of the Agreement is hereby amended in its entirety to read as follows: "There has been a statute, rule, regulation, executive order, decree, temporary restraining order, preliminary or permanent injunction or other order issued by any court of competent jurisdiction or other governmental entity or other legal restraint or prohibition which directly or indirectly restrains or prohibits the Offer, the acceptance for payment of, or payment for, any of the shares of the Company; provided, however, that the Company shall use reasonable efforts to prevent the entry of any such judgment, injunction or other order and to appeal as promptly as possible any judgment, injunction or other order that may be entered." 8. A new sentence is hereby added to Section 7(c) of the Agreement which reads as follows: "In the event that the Board of Directors of the Company shall fail or decline to call a special meeting of the Class A stockholders or the Special Committee shall withdraw or modify or propose to withdraw or modify its recommendation as contemplated by the proviso set forth in Section 1 (d) of the Agreement, then, in either such event, the Company shall pay the Stockholders (in proportion to the number of shares of Class B Stock held by each as described on Exhibit A hereto) within five (5) business days after such event a fee of U.S. $150,000 in the aggregate, which amount shall be payable in immediately available funds." This Amendment is hereby executed by the Company and the Stockholders as of December 26, 2002. METHODE ELECTRONICS, INC. By: /s/ Donald W. Duda ------------------------------------------------ Name: Donald W. Duda --------------------------------------------- Title: President --------------------------------------------- STOCKHOLDERS Marital Trust No. 1 and Marital Trust No. 2 Created under the William J. McGinley Trust By: Bank One, as successor co-trustee of Marital Trust No 1 and Marital Trust No. 2 created under the William J. McGinley Trust By: /s/ Mike Lathi ------------------------------------------------ Its: Vice President and Trust Officer ------------------------------------------------ By: /s/ Jane R. McGinley --------------------------------------------------------- Jane R. McGinley, as co-trustee of Marital Trust No 1 and Marital Trust No. 2 Created under the William J. McGinley Trust /s/ Jane R. McGinley ------------------------------------------------------------- Jane R. McGinley /s/ Margaret J. McGinley ------------------------------------------------------------- Margaret J. McGinley /s/ James W. McGinley ------------------------------------------------------------- James W. McGinley /s/ Robert R. McGinley ------------------------------------------------------------- Robert R. McGinley -----END PRIVACY-ENHANCED MESSAGE-----