-----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, GKKQ56teYfz77umjCyCZuGSvHPhsnecfUV8KxS5Ap7euf4g99KTUjFzdn8aWZMi/ RLy+dAdqQBRAvd2/q2ULiQ== 0000950129-98-002316.txt : 19980527 0000950129-98-002316.hdr.sgml : 19980527 ACCESSION NUMBER: 0000950129-98-002316 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980526 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: EVI INC CENTRAL INDEX KEY: 0000032908 STANDARD INDUSTRIAL CLASSIFICATION: OIL & GAS FILED MACHINERY & EQUIPMENT [3533] IRS NUMBER: 042515019 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: SEC FILE NUMBER: 333-45207 FILM NUMBER: 98631332 BUSINESS ADDRESS: STREET 1: 5 POST OAK PARK STREET 2: STE 1760 CITY: HOUSTON STATE: TX ZIP: 77027-3415 BUSINESS PHONE: 7132978400 MAIL ADDRESS: STREET 1: 5 POST OAK PARK STREET 2: STE 1760 CITY: HOUSTON STATE: TX ZIP: 77027-3415 FORMER COMPANY: FORMER CONFORMED NAME: ENERGY VENTURES INC /DE/ DATE OF NAME CHANGE: 19920703 424B3 1 EVI, INC. 1 PROSPECTUS SUPPLEMENT FILED PURSUANT TO RULE 424(B)(3) (TO PROSPECTUS DATED APRIL 28, 1998) REGISTRATION NO. 333-45207 EVI, INC. 8,050,000 5% CONVERTIBLE SUBORDINATED PREFERRED EQUIVALENT DEBENTURES DUE 2027 ($50 PRINCIPAL AMOUNT PER DEBENTURE) (INTEREST PAYABLE FEBRUARY 1, MAY 1, AUGUST 1 AND NOVEMBER 1) 5,031,250 SHARES OF COMMON STOCK -------------------------------- This document supplements the Prospectus dated April 28, 1998, relating to (i) the offering of 8,050,000 5% Convertible Subordinated Preferred Equivalent Debentures due 2027 (the "Debentures"), having a $50 principal amount per Debenture, of EVI, Inc., a Delaware corporation (the "Company"), and (ii) 5,031,250 shares of the Company's common stock, $1.00 par value (the "Common Stock"), which are initially issuable upon conversion of the Debentures plus such additional indeterminate number of shares of Common Stock as may become issuable upon conversion of the Debentures as a result of adjustments to the conversion price (the "Shares"). The Debentures and the Shares are being offered for the account of the holders thereof (the "Selling Securityholders"). The Debentures were initially acquired from the Company by Morgan Stanley & Co. Incorporated, Donaldson, Lufkin & Jenrette Securities Corporation, Credit Suisse First Boston Corporation, Lehman Brothers Inc., Prudential Securities Incorporated and Schroder & Co. Inc. in November 1997 in connection with a private offering. This Prospectus Supplement is hereby incorporated by reference into the Prospectus and all terms used herein shall have the meaning assigned to them in the Prospectus. The Common Stock is listed on the New York Stock Exchange (the "NYSE") under the symbol "EVI". On May 22, 1998, the last reported sales price for the Common Stock as reported on the NYSE was $49 per share. This Prospectus Supplement replaces and supersedes in its entirety the Prospectus Supplement dated May 20, 1998, and the Selling Securityholders' information attached to this Prospectus Supplement replaces and supersedes in its entirety the information set forth for the Selling Securityholders on pages 9, 10 and 11 of the Prospectus. -------------------------------- SEE "RISK FACTORS" BEGINNING ON PAGE 4 OF THE PROSPECTUS FOR A DESCRIPTION OF CERTAIN FACTORS THAT SHOULD BE CONSIDERED BY PROSPECTIVE INVESTORS. -------------------------------- THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. -------------------------------- The date of this Prospectus Supplement is May 26, 1998. 2 Based solely on information provided by the Selling Securityholders, the following table sets forth certain information with respect to the Debentures and the Shares beneficially owned by each Selling Securityholder and the number of such securities that may be sold pursuant to this Prospectus:
NUMBER OF NUMBER OF NUMBER OF NUMBER OF DEBENTURES SHARES DEBENTURES SHARES NAME OF BENEFICIALLY BENEFICIALLY TO BE TO BE SELLING SECURITYHOLDER OWNED(1) OWNED(2) SOLD(3) SOLD(3) ---------------------- ------------ ------------ ---------- --------- AIM Charter Fund......................................... 300,000 187,500 300,000 -- AIM V.I. Growth & Income................................. 50,000 31,250 50,000 -- Alexandra Global Investment Fund, I...................... 45,000 28,125 45,000 -- Allegheny Teledyne Inc. Pension Plan(4).................. 78,200 48,875 78,200 -- Allstate Insurance Company............................... 60,000 65,600(5) 60,000 -- Alscott Investments, LLC(4).............................. 60,700 37,937 60,700 -- American Investors Life Insurance Company(6)............. 15,000 9,375 15,000 -- Argent Classic Convertible Arbitrage Fund L.P. .......... 25,000 15,625 25,000 -- Argent Classic Convertible Arbitrage Fund (Bermuda) L.P.................................................... 130,000 81,250 130,000 -- Arkansas PERS............................................ 30,000 18,750 30,000 -- Associated Electric and Gas Insurance Services Limited... 10,000 6,250 10,000 -- Bank of America Convertible Securities Fund.............. 5,600 3,500 5,600 -- Colgate-Palmolive Company Pension Fund(4)................ 4,500 2,812 4,500 -- Common Fund(4)........................................... 3,400 2,125 3,400 -- Davis Convertible Securities Fund........................ 70,000 43,750 70,000 -- Delaware PERS............................................ 25,000 15,625 25,000 -- Deutsche Bank A.G.(7).................................... 502,750 314,218 502,750 -- Donaldson, Lufkin & Jenrette Securities Corporation(8)... 532,600 332,875 532,600 -- Employee Benefit Convertible Fund........................ 3,200 2,000 3,200 -- Estate of Carol G. Simon(4).............................. 7,000 4,375 7,000 -- Federated Equity Funds, a Massachusetts business trust, on behalf of its Federated Capital Appreciation Fund... 34,000 31,250 34,000 -- Federated Equity Income Fund, Inc.(8).................... 624,800 390,500 624,800 -- Federated Insurance Series, a Massachusetts business trust, on behalf of its Federated Equity Income Fund II..................................................... 10,200 6,375 10,200 -- Fidelity Financial Trust: Fidelity Convertible Securities Fund(9)................ 30,000 2,419,800(10) 30,000 -- Franklin Custodian Funds -- Income Fund(11).............. 1,100,000 687,500 1,100,000 -- Franklin Investors Securities Trust -- Convertible Securities Fund........................................ 20,000 12,500 20,000 -- Franklin Valuemark Income Securities Fund................ 110,000 68,750 110,000 -- Frederic C. Hamilton(4).................................. 10,300 6,437 10,300 -- GEM Convertible Securities Partners, L.P. ............... 41,600 26,000 41,600 -- General Motors Employees Domestic Group Pension Trust(12).............................................. 118,350 73,968 118,350 -- General Motors Foundation, Inc.(12)...................... 4,350 2,718 4,350 -- General Motors Investment Management Corp.(6)............ 75,000 46,875 75,000 -- Golden Rule Insurance Company(4)......................... 56,300 35,187 56,300 -- Hawaiian Airlines Pension Plan for Salaried Employees.... 400 250 400 -- Hawaiian Airlines Employees Pension Plan-IAM............. 1,500 937 1,500 -- HSBC Securities Inc. .................................... 73,000 45,625 73,000 -- ICI American Holdings Trust.............................. 11,000 6,875 11,000 -- J.P. Morgan & Co. Incorporated........................... 265,000 170,227 265,000 -- Kapiolani Medical Systems................................ 4,000 2,500 4,000 -- Lakeside Capital L.L.C. ................................. 3,200 2,000 3,200 -- Lazard Freres & Co. LLC.................................. 47,600 29,750 47,600 -- Lincoln National Convertible Securities Fund(13)......... 47,875 29,921 47,875 -- MainStay Convertible Fund(14)............................ 171,000 106,875 171,000 -- MainStay Strategic Value Fund(14)........................ 4,000 2,500 4,000 -- MainStay VP Convertible Portfolio(14).................... 30,000 18,750 30,000 -- Mark IV Industries, Inc. and Subsidiaries Master Trust(4)............................................... 2,000 1,250 2,000 -- McMahan Securities Company, L.P. ........................ 4,825 3,016 4,825 -- MFS Series Trust I -- MFS Convertible Securities Fund.... 200 125 200 -- MFS Series Trust V -- MFS Total Return Fund.............. 59,800 37,375 59,800 -- Motors Insurance Corporation(15)......................... 37,300 23,312 37,300 -- Mount Sinai School of Medicine(4)........................ 2,600 1,625 2,600 -- Nalco Chemical Retirement Trust.......................... 5,000 3,125 5,000 -- Nationwide Family of Funds, on behalf of its Nationwide Equity Income Fund..................................... 800 500 800 --
2 3
NUMBER OF NUMBER OF NUMBER OF NUMBER OF DEBENTURES SHARES DEBENTURES SHARES NAME OF BENEFICIALLY BENEFICIALLY TO BE TO BE SELLING SECURITYHOLDER OWNED(1) OWNED(2) SOLD(3) SOLD(3) ---------------------- ------------ ------------ ---------- --------- New York Life Separate Account #7(14).................... 10,000 6,250 10,000 -- Pacific Horizon Capital Income Fund...................... 97,000 60,625 97,000 -- Pacific Innovation Trust Capital Income Fund............. 4,000 2,500 4,000 -- PaineWebber Balanced Fund, a series of PaineWebber Master Series, Inc. .......................................... 13,000 8,125 13,000 -- PaineWebber Growth and Income Fund, a series of PaineWebber America Fund............................... 63,000 39,375 63,000 -- PaineWebber Series Trust -- Balanced Portfolio........... 2,800 1,750 2,800 -- PaineWebber Series Trust -- Growth and Income Portfolio.............................................. 1,200 750 1,200 -- Paloma Securities L.L.C. ................................ 70,000 71,650 70,000 -- Phoenix Convertible Fund................................. 42,000 26,250 42,000 -- Pitney Bowes Retirement Fund(4).......................... 59,000 36,875 59,000 -- PRIM Board............................................... 46,000 28,750 46,000 -- Public Employees' Retirement Association of Colorado..... 70,000 114,250 70,000 -- Regence Blue Cross Blue Shield of Idaho(6)............... 1,000 625 1,000 -- Retirement Plan for Pilots of Hawaiian Airlines.......... 2,500 1,562 2,500 -- Saudi International Bank................................. 60,000 37,500 60,000 -- Shepherd Investments International Ltd.(16).............. 884,900 553,062 884,900 -- Stark International(17).................................. 402,150 251,343 402,150 -- Starvest Discretionary................................... 10,000 6,250 10,000 -- State of Oregon/SAIF Corporation......................... 100,000 62,500 100,000 -- State of Oregon Equity................................... 95,000 59,375 95,000 -- The Gabelli Global Convertible Securities Fund........... 4,000 2,500 4,000 -- The Lutheran Church-Missouri Synod....................... 45,000 28,125 45,000 -- The Northwestern Mutual Life Insurance Company........... 200,000(18) 351,700(19) 200,000(18) -- The TCW Group, Inc. ..................................... 188,200 117,625 188,200 -- The Value Line Income Fund............................... 40,000 25,000 40,000 -- TQA Vantage Plus, Ltd. .................................. 12,500 7,812 12,500 -- TQA Vantage Fund, Ltd. .................................. 25,000 15,625 25,000 -- TQA Leverage Fund, L.P. ................................. 12,500 7,812 12,500 -- TQA Arbitrage Fund, L.P. ................................ 50,000 31,250 50,000 -- United National Insurance(13)............................ 2,275 1,421 2,275 -- United States Olympic Foundation(4)...................... 22,500 14,062 22,500 -- Van Kampen American Capital Convertible Securities Fund(20)............................................... 15,000 9,375 15,000 -- Van Kampen American Capital Harbor Fund(20).............. 40,000 25,000 40,000 -- Walker Art Center(13).................................... 5,515 3,446 5,515 -- Weirton Trust(13)........................................ 14,335 8,959 14,335 -- Wenonah Development Company.............................. 22,000 13,750 22,000 -- Xerox Corporation Profit Sharing Plan(4)................. 26,900 16,812 26,900 -- ZENECA Holdings Trust.................................... 11,000 6,875 11,000 --
- --------------- (1) None of the Selling Securityholders beneficially own one percent or more of the outstanding Debentures or Shares, except for AIM Charter Fund, Argent Classic Convertible Arbitrage Fund (Bermuda) L.P., Deutsche Bank A.G., Donaldson, Lufkin & Jenrette Securities Corporation, Federated Equity Income Fund, Inc., Franklin Custodian Funds -- Income Fund, Franklin Valuemark Income Securities Fund, General Motors Employees Domestic Group Pension Trust, J.P. Morgan & Co. Incorporated, MainStay Convertible Fund, Pacific Horizon Capital Income Fund, Shepard Investments International Ltd., Stark International, State of Oregon/SAIF Corporation, The Northwestern Mutual Life Insurance Company and The TCW Group, Inc., which own 3.7%, 1.6%, 6.2%, 6.6%, 7.8%, 13.7%, 1.4%, 1.5%, 3.3%, 2.1%, 1.2%, 11.0%, 5.0%, 1.2%, 2.5% and 2.3% of the Debentures, respectively. (2) Includes shares of Common Stock issuable upon conversion of the Debentures. (3) Because a Selling Securityholder may sell all or a portion of the Debentures and the Shares pursuant to this Prospectus, no estimate can be given as to the number and percentages of Debentures or Shares that will be held by the Selling Securityholder upon termination of any such sales. 3 4 (4) GEM Capital Management, Inc. serves as investment advisor and, in its capacity as such, has investment discretion with respect to the Debentures and Shares. (5) Includes 28,100 shares of Common Stock beneficially owned by Allstate Insurance Company. (6) Salomon Brothers Asset Management Inc. serves as discretionary investment advisor and, in its capacity as such, has sole voting and investment power over the Debentures and Shares. (7) The address for Deutsche Bank A.G. is 31 W. 52nd Street, New York, New York 10019. (8) The address for Donaldson, Lufkin & Jenrette Securities Corporation is 277 Park Avenue, New York, New York 10172. The address for Federated Equity Income Fund is Federated Investors Tower, 1001 Liberty Avenue, Pittsburgh, Pennsylvania 15222-3779. (9) Fidelity Management & Research Company ("Fidelity"), a wholly owned subsidiary of FMR Corp. ("FMR") and a registered investment adviser, is the beneficial owner of 30,000 Debentures, and the underlying 18,750 shares of Common Stock, as a result of acting as investment adviser to Fidelity: Financial Trust: Fidelity Convertible Securities Fund (the "Fund"). Fidelity's and FMR's address is 82 Devonshire Street, Boston, Massachusetts 02109. (10) FMR is deemed to be the beneficial owner of the 30,000 Debentures and an aggregate of 2,419,800 shares of Common Stock, consisting of 18,750 shares of Common Stock issuable upon conversion of the Debentures and an additional 2,401,050 shares of Common Stock (representing approximately 5.0% of the outstanding shares of Common Stock). (11) The address for Franklin Custodian Funds -- Income Fund is 777 Mariners Island Blvd., 7th Floor, San Mateo, California 94404. (12) General Motors Investment Management Corporation serves as investment advisor and, in its capacity as such, has sole voting and investment power over the Debentures and Shares. (13) Lynch & Mayer, Inc. serves as investment advisor and, in its capacity as such, has shared investment power over the Debentures and Shares. (14) MacKay-Shields Financial Corp. serves as investment advisor and, in its capacity as such, has shared voting and investment power over the Debentures and Shares. (15) General Motors Investment Management Corporation serves as investment advisor and, in its capacity as such, has sole voting and investment power over 27,300 Debentures. Salomon Brothers Asset Management Inc. serves as discretionary investment advisor and, in its capacity as such, has sole voting and investment power over 10,000 Debentures. (16) The address for Shepard Investments International Ltd. is 1500 West Market Street, Suite 200, Mequon, Wisconsin 53092. (17) The address for Stark International is 1500 West Market Street, Suite 200, Mequon, Wisconsin 53092. (18) Includes 10,000 Debentures held in the Northwestern Mutual Life Insurance Company Group Annuity Separate Account. The Northwestern Mutual Life Insurance Company has shared voting and shared investment power with respect to these 10,000 Debentures. (19) Includes 51,550 shares, including the 6,250 shares of Common Stock issuable upon conversion of the Debentures described in note 18, held in The Northwestern Mutual Life Insurance Company Group Annuity Separate Account. The Northwestern Mutual Life Insurance Company has shared voting and shared investment power with respect to these shares. (20) Van Kampen American Capital Asset Management, Inc. serves as investment advisor and, in such capacity, has discretionary authority to make investment decisions with respect to the Debentures and Shares. None of the Selling Securityholders named above have, within the past three years, held any position, office or other material relationship with the Company or any of its predecessors or affiliates, except as noted above. 4 -----END PRIVACY-ENHANCED MESSAGE-----