-----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, WA8yao9P+1WTL4s9NoohZIGDxfnj6QlavlwSE4DozFECgSfth3M97he788KIitH4 ZG6mt5oAi1SK2QaYklCgZg== 0000950131-97-001044.txt : 19970222 0000950131-97-001044.hdr.sgml : 19970222 ACCESSION NUMBER: 0000950131-97-001044 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970214 SROS: NYSE GROUP MEMBERS: BRUCE V. RAUNER GROUP MEMBERS: BRYAN C. CRESSEY GROUP MEMBERS: CARL D. THOMA GROUP MEMBERS: GOLDER THOMA CRESSEY FUND III LTD PARTNERSHIP ET AL GROUP MEMBERS: GOLDER, THOMA, CRESSEY & RAUNER, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: POLYMER GROUP INC CENTRAL INDEX KEY: 0000927417 STANDARD INDUSTRIAL CLASSIFICATION: BROADWOVEN FABRIC MILS, MAN MADE FIBER & SILK [2221] IRS NUMBER: 571003983 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-46353 FILM NUMBER: 97534515 BUSINESS ADDRESS: STREET 1: 4838 JENKINS AVE CITY: NORTH CHARLESTON STATE: SC ZIP: 29405 BUSINESS PHONE: 8037445174 MAIL ADDRESS: STREET 1: 4838 JENKINS AVENUE CITY: NORTH CHARLESTON STATE: SC ZIP: 29405 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GOLDER THOMA CRESSEY FUND III LTD PARTNERSHIP ET AL CENTRAL INDEX KEY: 0000941659 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 6100 SEARS TOWER CITY: CHICAGO STATE: IL ZIP: 60602 MAIL ADDRESS: STREET 1: 6100 SEARS TOWER CITY: CHICAGO STATE: IL ZIP: 60602 SC 13G 1 SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )(1) Polymer Group, Inc. ------------------------------------ (Name of Issuer) Common Stock, par value $.01 per share -------------------------------------- (Title of Class of Securities) 731745 10 5 ----------- (CUSIP Number) - ------------ (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 the disclosures provided in a prior cover page. The information required in 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. 731745 10 5 13G PAGE 2 OF 19 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 Golder, Thoma, Cressey Fund III Limited Partnership S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: [ ] - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Illinois - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF None SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 OWNED BY 7,109,096 (See Item 4) ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING None PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 7,109,096 (See Item 4) - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 7,109,096 (see Item 4) - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 [X] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 22.2% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 PN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! - ----------------------- --------------------- CUSIP NO. 731745 10 5 13G PAGE 3 OF 19 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 Golder, Thoma, Cressey & Rauner, L.P. S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: [ ] - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Illinois - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF None SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 OWNED BY 7,109,096 (See Item 4) ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING None PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 7,109,096 (See Item 4) - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 7,109,096 (See Item 4) - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 [X] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 22.2% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 PN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! - ----------------------- --------------------- CUSIP NO. 731745 10 5 13G PAGE 4 OF 19 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 Bruce V. Rauner S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: [ ] - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF None SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 OWNED BY 7,109,096 (See Item 4) ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING None PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 7,109,096 (See Item 4) - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 7,109,096 (See Item 4) - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 [X] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 22.2% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 IN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! - ----------------------- --------------------- CUSIP NO. 731745 10 5 13G PAGE 5 OF 19 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 Bryan C. Cressey S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: [ ] - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF None SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 OWNED BY 7,109,096 (See Item 4) ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING None PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 7,109,096 (See Item 4) - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 7,109,096 (See Item 4) - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 [X] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 22.2% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 IN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! - ----------------------- --------------------- CUSIP NO. 731745 10 5 13G PAGE 6 OF 19 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 Carl D. Thoma S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: [ ] - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 United States - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF None SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 OWNED BY 7,109,096 (See Item 4) ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING None PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 7,109,096 (See Item 4) - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 7,109,096 (See Item 4) - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 [X] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 22.2% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 IN - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! Item 1(a) Name of Issuer: -------------- Polymer Group, Inc. (the "Company") Item 1(b) Address of Issuer's Principal Executive Offices: ----------------------------------------------- 4838 Jenkins Avenue North Charleston, SC 29405 Item 2(a) Names of Persons Filing: ----------------------- Golder, Thoma, Cressey Fund III Limited Partnership Golder, Thoma, Cressey & Rauner, L.P. Bruce V. Rauner Bryan C. Cressey Carl D. Thoma Golder, Thoma, Cressey Fund III Limited Partnership ("GTC") is the record owner of the shares of common stock covered by this statement. GTC is managed by its general partner, Golder, Thoma, Cressey & Rauner, L.P. ("GTCR"). Dispositive and voting power of securities owned by GTC and managed by GTCR is shared by Bruce V. Rauner, Bryan C. Cressey and Carl D. Thoma, each a general partner of GTCR. GTC, GTCR and Messrs. Rauner, Cressey and Thoma are collectively referred to herein as the "Reporting Persons." Item 2(b) Address of Principal Business Office or, if none, Residence: ----------------------------------------------------------- The principal business address of the Reporting Persons is 6100 Sears Tower, Chicago, Illinois, 60606-6402. Item 2(c) Citizenship: ----------- GTC and GTCR are limited partnerships organized under the laws of the State of Illinois. Messrs. Rauner, Cressey and Thoma are citizens of the United States. Page 7 of 19 Pages Item 2(d) Title of Class of Securities: ---------------------------- Common Stock, par value $.01 per share. Item 2(e) CUSIP No.: --------- 731745 10 5 Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), ------------------------------------------------------------------- check whether the person filing is a: ------------------------------------ This statement is filed pursuant to Rule 13d-1(c). As such, the listed alternatives are not applicable. Item 4 Ownership: --------- (a) Amount Beneficially Owned: GTC is the registered owner of 7,109,096 shares of Common Stock of the Company (the "Shares"). GTCR is the general partner of GTC and exercises investment and voting control over securities owned by GTC. Investment and voting control over securities owned by GTC is shared at GTCR by Messrs. Rauner, Cressey and Thoma. Thus, by virtue of the investment and voting control exercised by GTCR as general partner of GTC and shared by Messrs. Rauner, Cressey and Thoma, each of the Reporting Persons may be deemed to beneficially own the Shares. GTCR and Messrs. Rauner, Cressey and Thoma each disclaim beneficial ownership of the Shares. The Reporting Persons and certain other shareholders of the Company are parties to a voting agreement, dated as of May 15, 1996 (the "Voting Agreement"). The Voting Agreement provides that the parties thereto will vote in the same manner on certain issues, including the election of directors. Collectively, the parties to the Voting Agreement own 46.3% of the outstanding Common Stock of the Company. Each of the Reporting Persons disclaims beneficial ownership of the shares of Common Stock owned by the other parties to the Voting Agreement. Appendix A, which is incorporated herein by reference, sets forth the following information with respect to each party to the Voting Agreement: (i) name, (ii) address of principal Page 8 of 19 Pages business office, and (iii) the number of shares of Common Stock owned by such party. (b) Percent of Class: (Based on 32,000,000 shares outstanding) 22.2% (c) Number of Shares as to which such person has: (i) Sole power to vote or to direct the vote: None (ii) Shared power to vote or to direct the vote: 7,109,096 (GTC, GTCR and Messrs. Rauner, Cressey and Thoma) (iii) Sole power to dispose or to direct the disposition of: None (iv) Shared power to dispose or to direct the disposition of: 7,109,096 (GTC, GTCR and Messrs. Rauner, Cressey and Thoma) Item 5 Ownership of Five Percent or Less of a Class: -------------------------------------------- If this statement is filed to report the fact that as of the date hereof, the Reporting Persons have ceased to be the beneficially owners of more than five percent of the class of securities, check the following [ ]. Item 6 Ownership of More Than Five Percent on Behalf of Another Person: --------------------------------------------------------------- Not applicable Page 9 of 19 Pages Item 7 Identification and Classification of the Subsidiary Which Acquired ------------------------------------------------------------------ the Security Being Reported on By the Parent Holding Company: ------------------------------------------------------------ Not applicable Item 8 Identification and Classification of Members of the Group: --------------------------------------------------------- Not applicable Item 9 Notice of Dissolution of Group: ------------------------------ Not applicable Item 10 Certification: ------------- Not applicable Page 10 of 19 Pages EXHIBITS AND APPENDICES Exhibit I Joint Filing Agreement among the Reporting Persons pursuant to Rule 13d-1(f) under the Securities Exchange Act of 1934, as amended. Appendix A Schedule setting forth (i) name, (ii) address of principal place of business, and (iii) the number of shares of Common Stock owned by each party to the Voting Agreement. Page 11 of 19 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. Date: February 13, 1997 Golder, Thoma, Cressey Fund III Limited Partnership By: Golder, Thoma, Cressey & Rauner, L.P. Its: General Partner By: /s/ Bruce V. Rauner ----------------------------------- Print Name: Bruce V. Rauner Its: General Partner Page 12 of 19 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. Date: February 13, 1997 Golder, Thoma, Cressey & Rauner, L.P. Its: General Partner By: /s/ Bruce V. Rauner ----------------------------------- Print Name: Bruce V. Rauner Its: General Partner Page 13 of 19 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. Date: February 13, 1997 /s/ Bruce V. Rauner ----------------------------------- Print Name: Bruce V. Rauner Page 14 of 19 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. Date: February 13, 1997 /s/ Bryan C. Cressey ----------------------------------- Print Name: Bryan C. Cressey Page 15 of 19 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. Date: February 13, 1997 /s/ Carl D. Thoma ----------------------------------- Print Name: Carl D. Thoma Page 16 of 19 Pages EXHIBIT I --------- SCHEDULE 13G JOINT FILING AGREEMENT The undersigned and each other person executing this joint filing agreement (this "Agreement") agree as follows: (i) The undersigned and each other person executing this Agreement are individually eligible to use the Schedule 13G to which this Exhibit is attached and such Schedule 13G is filed on behalf of the undersigned and each other person executing this Agreement; and (ii) The undersigned and each other person executing this Agreement are responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of the undersigned or any other person executing this Agreement is responsible for the completeness or accuracy of the information statement concerning any other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which, taken together, shall constitute one and the same instrument. * * * * * Date: February 13, 1997 Golder, Thoma, Cressey Fund III Limited Partnership By: Golder, Thoma, Cressey & Rauner, L.P. Its: General Partner By: /s/ Bruce V. Rauner ----------------------------------- Print Name: Bruce V. Rauner Its: General Partner Page 17 of 19 Pages Golder, Thoma, Cressey & Rauner, L.P. Its: General Partner By: /s/ Bruce V. Rauner ----------------------------------- Print Name: Bruce V. Rauner Its: General Partner /s/ Bruce V. Rauner ----------------------------------- Print Name: Bruce V. Rauner /s/ Bryan C. Cressey ----------------------------------- Print Name: Bryan C. Cressey /s/ Carl D. Thoma ----------------------------------- Print Name: Carl D. Thoma Page 18 of 19 Pages APPENDIX A Parties to the Voting Agreement -------------------------------
Address of Principal Number of Shares Name Business Office of Common Stock - ---------------------------- --------------------------- ---------------- Jerry Zucker 4838 Jenkins Avenue 1,430,329 North Charleston, SC 29405 James G. Boyd 4838 Jenkins Avenue 476,771 North Charleston, SC 29405 The InterTech Group, Inc. 4838 Jenkins Avenue 3,599,557 North Charleston, SC 29405 Golder, Thoma, Cressey c/o Golder, Thoma, Cressey, 7,109,096 Fund III, L.P. Rauner, Inc. 6100 Sears Tower Chicago, IL 60606-6402 Chase Manhattan Investment One Chase Manhattan Plaza 1,152,131 Holdings, Inc. New York, NY 10081 FTG, Inc. 4838 Jenkins Avenue 261,651 North Charleston, SC 29405 Leeway & Co. c/o State Street Bank and 795,838 Trust Co. Master Trust Division-Q4W P.O. Box 1992 Boston, MA 02110
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