-----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, VljKvfrqm/KDsrbcn0OogHA4oXSHnH+Mc8nzSiOqkxxZzID6yw3GhX0+9dKDUJC2 8bGTCz9Er1st0XXPRzY7yg== 0000950123-01-504752.txt : 20010730 0000950123-01-504752.hdr.sgml : 20010730 ACCESSION NUMBER: 0000950123-01-504752 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20010727 GROUP MEMBERS: CITICORP GROUP MEMBERS: CITICORP BANKING CORPORATION GROUP MEMBERS: CITIGROUP HOLDINGS COMPANY GROUP MEMBERS: CITIGROUP INC GROUP MEMBERS: COURT SQUARE CAPITAL LTD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CHROMCRAFT REVINGTON INC CENTRAL INDEX KEY: 0000884130 STANDARD INDUSTRIAL CLASSIFICATION: HOUSEHOLD FURNITURE [2510] IRS NUMBER: 351848094 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-42371 FILM NUMBER: 1690349 BUSINESS ADDRESS: STREET 1: 1100 N WASHINGTON ST CITY: DELPHI STATE: IN ZIP: 46923 BUSINESS PHONE: 7655643500 MAIL ADDRESS: STREET 1: 1100 N WASHINGTON ST CITY: DELPHI STATE: IN ZIP: 46923 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CITIGROUP INC CENTRAL INDEX KEY: 0000831001 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 521568099 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 399 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10043 BUSINESS PHONE: 2125591000 MAIL ADDRESS: STREET 1: 399 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10043 FORMER COMPANY: FORMER CONFORMED NAME: TRAVELERS GROUP INC DATE OF NAME CHANGE: 19950519 FORMER COMPANY: FORMER CONFORMED NAME: TRAVELERS INC DATE OF NAME CHANGE: 19940103 FORMER COMPANY: FORMER CONFORMED NAME: PRIMERICA CORP /NEW/ DATE OF NAME CHANGE: 19920703 SC 13D/A 1 y51795sc13da.txt AMENDMENT #1 TO SCHEDULE 13D 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1) CHROMCRAFT REVINGTON, INC. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK - -------------------------------------------------------------------------------- (Title of Class of Securities) 171117-10-4 ---------------------------------- (CUSIP Number) LANCE C. BALK, ESQ. KIRKLAND & ELLIS 153 EAST 53RD STREET, NEW YORK, NEW YORK 10022 (212) 446-4800 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) JULY 16, 2001 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement on Schedule 13D) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which 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 /X/. NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. *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 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). The Exhibit Index is located on page 12. 2 SCHEDULE 13D CUSIP NO. 171117-10-4 - --------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON COURT SQUARE CAPITAL LIMITED 13-2704189 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS NOT APPLICABLE - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or (e) / / - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 -------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY 5,695,418 SHARES OF COMMON STOCK* -------------------------------------------------------------- OWNED BY 9 SOLE DISPOSITIVE POWER EACH 0 -------------------------------------------------------------- REPORTING 10 SHARED DISPOSITIVE POWER PERSON WITH 5,695,418 SHARES OF COMMON STOCK* -------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,695,418 SHARES OF COMMON STOCK* - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 59.4% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- * INCLUDES 450,992 SHARES THAT ARE SUBJECT TO AN IRREVOCABLE PROXY HELD BY AN UNRELATED THIRD PARTY. 3 SCHEDULE 13D CUSIP NO. 171117-10-4 - --------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON CITICORP BANKING CORPORATION - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS NOT APPLICABLE - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or (e) / / - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 -------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY 5,695,418 SHARES OF COMMON STOCK* -------------------------------------------------------------- OWNED BY 9 SOLE DISPOSITIVE POWER EACH 0 -------------------------------------------------------------- REPORTING 10 SHARED DISPOSITIVE POWER PERSON WITH 5,695,418 SHARES OF COMMON STOCK* -------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,695,418 SHARES OF COMMON STOCK* - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 59.4% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON HC - -------------------------------------------------------------------------------- * INCLUDES 450,992 SHARES THAT ARE SUBJECT TO AN IRREVOCABLE PROXY HELD BY AN UNRELATED THIRD PARTY 4 SCHEDULE 13D CUSIP NO. 171117-10-4 - --------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON CITICORP 06-1515595 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS NOT APPLICABLE - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or (e) / / - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 -------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY 5,695,418 SHARES OF COMMON STOCK* -------------------------------------------------------------- OWNED BY 9 SOLE DISPOSITIVE POWER 0 EACH -------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER REPORTING 5,695,418 SHARES OF COMMON STOCK* PERSON WITH -------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,695,418 SHARES OF COMMON STOCK* - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 59.4% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON HC - -------------------------------------------------------------------------------- * INCLUDES 450,992 SHARES THAT ARE SUBJECT TO AN IRREVOCABLE PROXY HELD BY AN UNRELATED THIRD PARTY. 5 SCHEDULE 13D CUSIP NO. 171117-10-4 - --------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON CITIGROUP HOLDINGS COMPANY 52-1568099 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS NOT APPLICABLE - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or (e) / / - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 -------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY 5,695,418 SHARES OF COMMON STOCK* -------------------------------------------------------------- OWNED BY 9 SOLE DISPOSITIVE POWER 0 EACH -------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER REPORTING 5,695,418 SHARES OF COMMON STOCK* PERSON WITH -------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,695,418 SHARES OF COMMON STOCK* - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 59.4% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON HC - -------------------------------------------------------------------------------- * INCLUDES 450,992 SHARES THAT ARE SUBJECT TO AN IRREVOCABLE PROXY HELD BY AN UNRELATED THIRD PARTY. 6 SCHEDULE 13D CUSIP NO. 171117-10-4 - --------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON CITIGROUP INC. 06-1551348 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS NOT APPLICABLE - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or (e) / / - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 -------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY 5,695,918 SHARES OF COMMON STOCK* -------------------------------------------------------------- OWNED BY 9 SOLE DISPOSITIVE POWER 0 EACH -------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER REPORTING 5,695,918 SHARES OF COMMON STOCK* PERSON WITH -------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,695,918 SHARES OF COMMON STOCK* - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 59.4% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON HC - -------------------------------------------------------------------------------- * INCLUDES 450,992 SHARES THAT ARE SUBJECT TO AN IRREVOCABLE PROXY HELD BY AN UNRELATED THIRD PARTY. 7 AMENDMENT NO. 1 TO SCHEDULE 13D This Amendment No. 1 amends the indicated items of the statement on Schedule 13D filed on January 5,2001, relating to the Common Stock ("Common Stock") of Chromcraft Revington, Inc., a Delaware corporation (the "Company"). ITEM 2. IDENTITY AND BACKGROUND. (a) This Statement on Schedule 13D is being filed by each of the following persons pursuant to Rule 13(d)-(1)(f) promulgated by the Securities and Exchange Commission (the "Commission") pursuant to Section 13 of the Securities and Exchange Act of 1934 (the "Act"): (i) Court Square Capital Limited, a Delaware corporation ("Court Square"), by virtue of its direct beneficial ownership of Common Stock, (ii) Citicorp Banking Corporation ("Citicorp Banking"), a Delaware corporation, by virtue of its ownership of all the outstanding Common Stock of Court Square, (iii) Citicorp, a Delaware corporation ("Citicorp"), by virtue of its ownership of all of the outstanding common stock of Citibank, (iv) Citigroup Holdings Company, a Delaware corporation ("Citigroup Holdings"), by virtue of its ownership of all of the outstanding common stock of Citicorp, and (v) Citigroup Inc. ("Citigroup"), a Delaware corporation, by virtue of its ownership of all of the outstanding common stock of Citigroup Holdings (collectively, the "Reporting Persons"). Attached as Schedule A is information concerning each executive officer and director of each of Court Square and Citigroup, which is ultimately in control of Court Square. Schedule A is incorporated into and made a part of this Statement on Schedule 13D. (b) The address of the principal business and principal office of each of Court Square, Citicorp and Citigroup is 399 Park Avenue, New York, New York 10043. The address of the principal business and principal office of Citigroup Holdings is One Rodney Square, Wilmington, Delaware 19899. The address of the principal business and principal office of Citicorp Banking is One Penn's Way, New Castle, Delaware 19720. (c) Court Square's principal business is investing in leveraged buy-outs. CVC's principal business is providing debt and equity financing to businesses in the United States. Citicorp Banking is a holding company principally engaged, through its subsidiaries, in the general financial services business. Citicorp is a bank holding company principally engaged, through its subsidiaries, in the general financial services business. Citigroup Holdings is a holding company principally engaged, through its subsidiaries, in the general financial services business. Citigroup is a diversified holding company providing, through its subsidiaries, a broad range of financial services to consumer and corporate customers world-wide. (d) During the last five years, none of the Reporting Persons nor, to the knowledge of each Reporting Person, any of their respective officers, directors or controlling 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 knowledge of each Reporting Person, any of their respective officers, directors or controlling persons has been a 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, except as follows. 8 (f) Each of Court Square, Citicorp, Citicorp Banking, Citicorp Holdings and Citigroup is a Delaware corporation. Except as otherwise indicated on Schedule A, to the knowledge of each Reporting Person, each executive officer and director named in Schedule A to this Statement on Schedule 13D are citizens of the United States. ITEM 4. PURPOSE OF TRANSACTION. (a)-(b) Court Square acquired the Shares for investment purposes in furtherance of the Proposal (see paragraph below). On December 22, 2000 Court Square tendered a proposal letter to the Issuer under which the holders of the Issuer's publicly traded shares (other than Court Square) would receive cash of $10.30 per share in a merger transaction (the "Proposal"). The consummation of the Proposal was contingent upon the execution of a definitive merger agreement, confirmatory due diligence and the approval of the Issuer's Board of Directors and stockholders. On July 16, 2001, Court Square withdrew the Proposal due to (i) the uncertain general economic climate as a result of the economic and retail slowdown, (ii) the severe downturn in the furniture industry, and (iii) the increasingly restrictive financing environment. Court Square may decide for any reason or no reason in the future to (i) make a new proposal or (ii) purchase additional shares of Common Stock publicly or privately from the Issuer or from third parties or dispose of some or all of the shares of Common Stock it holds; however, Court Square can give no assurances that it will take or refrain from taking any of the foregoing actions. (c)-(j) Not applicable. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Exhibit I - WITHDRAWAL LETTER. 9 SIGNATURE After reasonable inquiry and to the best of the knowledge and belief of each of the undersigned, each of the undersigned certifies that the information set forth in this statement on Schedule 13D with respect to the undersigned is true, complete and correct. Dated: July 26, 2001 COURT SQUARE CAPITAL LIMITED By: /s/ Daryl Johnson -------------------------- Name: Daryl Johnson Title: Assistant Vice President CITICORP BANKING CORPORATION By: /s/ William Wolf --------------------- Name: William Wolf Title: Senior Vice President CITICORP By: /s/ Joseph B. Wollard --------------------- Name: Joseph B. Wollard Title: Assistant Secretary 10 CITIGROUP HOLDINGS COMPANY By: /s/ Joseph B. Wollard --------------------- Name: Joseph B. Wollard Title: Assistant Secretary CITIGROUP INC. By: /s/ Joseph B. Wollard --------------------- Name: Joseph B. Wollard Title: Assistant Secretary 11 SCHEDULE A COURT SQUARE CAPITAL LIMITED DIRECTORS - --------- William T. Comfort Anne Goodbody David F. Thomas
OFFICERS TITLE - -------- ----- William T. Comfort Senior Vice President Byron L. Knief Vice President Michael T. Bradley Vice President Charles E. Corpening Vice President Michael A. Delaney Vice President* Ian D. Highet Vice President David Y. Howe Vice President Richard E. Mayberry Vice President Thomas F. McWilliams Vice President M. Saleem Muqaddam Vice President Paul C. Schorr Vice President* Joseph M. Silvestri Vice President David F. Thomas Vice President James A. Urry Vice President John D. Weber Vice President Lauren M. Connelly Vice President & Secretary Michael S. Gollner Vice President Anthony P. Mirra Vice President & Assistant Secretary Darryl A. Johnson Assistant Vice President
* Denotes the functional title of Managing Director 12 SCHEDULE A CITIGROUP INC.
OFFICERS TITLE - -------- ----- C. Michael Armstrong Director Alain J.P. Belda Director (Brazil) Kenneth J. Bialkin Director Kenneth T. Derr Director John M. Deutch Director The Honorable Gerald R. Ford Director Ann Dribble Jordan Director Robert I. Lipp Director and Executive Officer Reuben Mark Director Michael T. Masin Director Dudley C. Mecum Director Richard D. Parsons Director Andrall E. Pearson Director Robert E. Rubin Director and Executive Officer Franklin A. Thomas Director Sanford I. Weill Director and Executive Officer Arthur Zankel Director Winifred F.W. Bischoff Executive Officer (United Kingdom and Germany) Michael A. Carpenter Executive Officer Jay S. Fishman Executive Officer Thomas Wade Jones Executive Officer Deryck C. Maughan Executive Officer (United Kingdom) Victor J. Menezes Executive Officer Charles O. Prince, III Executive Officer William R. Rhodes Executive Officer Todd S. Thomson Executive Officer Robert B. Willumstad Executive Officer
EXHIBIT INDEX
Exhibit No. ----------- 1. Withdrawal Letter.
13 The undersigned hereby agree that: (i) each of them is individually eligible to use the Schedule 13D attached hereto; (ii) the attached Schedule 13D is filed on behalf of each of them; and (iii) each of them is responsible for the timely filing of such Schedule 13D and any amendments thereto, and for the completeness and accuracy of the information therein concerning him or itself; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless he or it knows or has reason to believe that such information is inaccurate. CITIGROUP INC. By: /s/ Joseph B. Wollard -------------------------------- Name: Joseph B. Wollard Title: Assistant Secretary CITIGROUP HOLDINGS COMPANY By: /s/ Joseph B. Wollard -------------------------------- Name: Joseph B. Wollard Title: Assistant Secretary CITICORP By: /s/ Joseph B. Wollard -------------------------------- Name: Joseph B. Wollard Title: Assistant Secretary CITICORP BANKING CORPORATION By: /s/ William Wolf -------------------------------- Name: William Wolf Title: Senior Vice President COURT SQUARE CAPITAL LIMITED By: /s/ Daryl Johnson -------------------------------- Name: Daryl Johnson Title: Assistant Vice President EX-99.1 2 y51795ex99-1.txt WITHDRAWAL LETTER 1 [CITIBANK CUT] July 16, 2001 Board of Directors Chromcraft Revington, Inc. 1100 North Washington Street Delphi, IN 46923 Gentlemen: Reference is made to the letter of intent, dated December 22, 2000, by and between Court Square Capital Limited ("CSCL") and Chromcraft Revington, Inc. ("Chromcraft") wherein CSCL offered to acquire all of the issued and outstanding capital stock of Chromcraft not owned by CSCL and its affiliates for cash in the amount of $10.30 per share (the "Offer"). As you know, the general economic climate remains uncertain as a result of economic and retail slowdown, and the downturn in the furniture industry has been severe. Chromcraft's sales and performance continue to lag behing CSCL's expectations reflecting this difficult operating environment. Additionally, the financing environment has become increasingly restrictive. For the above reasons, CSCL has decided not to pursue the acquisition of Chromcraft, and CSCL hereby withdraws its Offer. Very truly yours, Court Square Capital Limited By: /s/ Ian Highet --------------------------- Name: Ian Highet Title: Vice President -----END PRIVACY-ENHANCED MESSAGE-----