-----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, EWQhSgD8mK/Obhpdow9adbMMDFATJaq0yRbVdLu6SdeZ7DtlU6K7C3XZ6hjxC7D9 N0zAcx+Mg2CjsEHv/+Me7g== 0000950115-98-001049.txt : 19980528 0000950115-98-001049.hdr.sgml : 19980528 ACCESSION NUMBER: 0000950115-98-001049 CONFORMED SUBMISSION TYPE: SC 14D1/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19980527 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GLOBAL MOTORSPORT GROUP INC CENTRAL INDEX KEY: 0000879360 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-MOTOR VEHICLE SUPPLIES & NEW PARTS [5013] IRS NUMBER: 941716138 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 14D1/A SEC ACT: SEC FILE NUMBER: 005-42821 FILM NUMBER: 98632356 BUSINESS ADDRESS: STREET 1: 16100 JACQUELINE COURT CITY: MORGAN HILL STATE: CA ZIP: 95037 BUSINESS PHONE: 4087780500 MAIL ADDRESS: STREET 1: 16100 JACQUELINE CT CITY: MORGAN HILL STATE: CA ZIP: 95037 FORMER COMPANY: FORMER CONFORMED NAME: CUSTOM CHROME INC /DE DATE OF NAME CHANGE: 19930328 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GOLDEN CYCLE LLC CENTRAL INDEX KEY: 0001057145 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 222943669 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D1/A BUSINESS ADDRESS: STREET 1: 4025 CROOKED HILL ROAD CITY: HARRISBURG STATE: PA ZIP: 17110 BUSINESS PHONE: 6106428600 MAIL ADDRESS: STREET 1: 4025 CROOKED HILL ROAD CITY: HARRISBURG STATE: PA ZIP: 17110 FORMER COMPANY: FORMER CONFORMED NAME: GLOBAL CYCLE LLC DATE OF NAME CHANGE: 19980305 SC 14D1/A 1 TENDER OFFER STATEMENT SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------- (Amendment No. 5) SCHEDULE 14D-1/A Tender Offer Statement Pursuant to Section 14(d)(1)of the Securities Exchange Act of 1934 ------------------- GLOBAL MOTORSPORT GROUP, INC. (Name of Subject Company) ------------------- GOLDEN CYCLE, LLC ALEXANDER GRASS ROGER GRASS (Bidders) ------------------- COMMON STOCK, PAR VALUE $.001 PER SHARE (INCLUDING THE ASSOCIATED PREFERRED SHARE PURCHASE RIGHTS) (Title of Class of Securities) ------------------- 378937106 (CUSIP Number of Class of Securities) ------------------- ROGER GRASS GOLDEN CYCLE, LLC ONE WYNNEWOOD ROAD, SUITE 100 WYNNEWOOD, PA 19096 (610) 642-8600 (Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications on Behalf of Bidder) ------------------- COPY TO: HERBERT HENRYSON II, ESQ. WOLF, BLOCK, SCHORR AND SOLIS-COHEN LLP 111 SOUTH 15TH STREET PHILADELPHIA, PA 19102 (215) 977-2000 CUSIP No. 378937106 14D-1- Page 2 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: Golden Cycle, LLC I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only): 23-294-3669 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC, AF, BK, OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) or 2(f) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Pennsylvania - -------------------------------------------------------------------------------- 7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 528,100 - -------------------------------------------------------------------------------- 8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 10.2% - -------------------------------------------------------------------------------- 10 TYPE OF REPORTING PERSON: OO - -------------------------------------------------------------------------------- CUSIP No. 378937106 14D-1- Page 3 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: Alexander Grass I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only): - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: PF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) or 2(f) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 0 - -------------------------------------------------------------------------------- 8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.0% - -------------------------------------------------------------------------------- 10 TYPE OF REPORTING PERSON: IN - -------------------------------------------------------------------------------- CUSIP No. 378937106 14D-1- Page 4 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: Roger Grass I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only): - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: PF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(e) or 2(f) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 7 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 0 - -------------------------------------------------------------------------------- 8 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 9 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.0% - -------------------------------------------------------------------------------- 10 TYPE OF REPORTING PERSON: IN - -------------------------------------------------------------------------------- This Amendment No. 5 amends and supplements the Tender Offer Statement on Schedule 14D-1 dated April 7, 1998 filed by Golden Cycle, LLC, a Pennsylvania limited liability company, to purchase all outstanding shares of Common Stock, par value $0.001 per share (the "Shares"), of Global Motorsport Group, Inc., a Delaware corporation (the "Company"), including the associated Preferred Share Purchase Rights (the "Rights") issued pursuant to the Rights Agreement dated as of November 13, 1996 between the Company and American Stock Transfer and Trust Company, as Rights Agent, at $18.00 per Share and associated Right, net to the seller in cash, upon the terms and subject to the conditions set forth in the Offer to Purchase dated April 7, 1998 and the related Letter of Transmittal. ITEM 10. ADDITIONAL INFORMATION. Item 10(e) is hereby amended by adding the following: On May 20, 1998, Vice Chancellor Lamb of the Court of Chancery of the State of Delaware issued an opinion denying the Purchaser's request for a preliminary injunction barring application to its consent solicitation of the March 30 record date established by the Board of Directors of the Company, requiring the Board of Directors of the Company to redeem the Rights or, in the alternative, to exempt the Offer from the effects of the Rights, and to exempt it from the provisions of Section 203 of the DGCL, requiring the Company to provide the Purchaser access to the same information being provided to other actual or potential bidders and requiring the Company to make curative disclosures in its Schedule 14D-9 filed with the Commission. The Court found that the relief requested is unwarranted and unnecessary at this time. Item 11(a) is hereby amended by adding the following: (a)(12) Press Release, issued by the Purchaser, dated May 27, 1998. SIGNATURE After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: May 27, 1998 GOLDEN CYCLE, LLC By: /s/ ROGER GRASS ---------------------------- Name: Roger Grass Title: Vice President /s/ ALEXANDER GRASS ---------------------------- Alexander Grass /s/ ROGER GRASS ---------------------------- Roger Grass INDEX TO EXHIBITS EXHIBIT NUMBER EXHIBIT - ---------- -------------------------------------------------------------- (a)(1) Offer to Purchase, dated April 7, 1998. (2) Letter of Transmittal with respect to the Shares and Rights. (3) Letter, dated April 7, 1998, from Jefferies & Company, Inc. to brokers, dealers, banks, trust companies and nominees. (4) Letter to be sent by brokers, dealers, banks, trust companies and nominees to their clients. (5) Notice of Guaranteed Delivery. (6) IRS Guidelines for Certification of Taxpayer Identification Number on Substitute Form W-9. (7) Press Release, dated April 6, 1998. (8) Form of summary advertisement, dated April 7, 1998. (9) Letter dated April 14, 1998 from Alexander Grass to Mr. Joseph F. Keenan (10) Press Release, issued by the Purchaser, dated April 17, 1998 (11) Press Release, issued by the Purchaser, dated May 4, 1998 *(12) Press Release, issued by the Purchaser, dated May 27, 1998 (b) None. (c) Letter agreement, dated March 6, 1998, between Jeffries & Company, Inc. and the Purchaser. (d) None. (e) Not Applicable. (f) None. (g) Complaint filed by the Purchaser on April 2, 1998 in the Court of Chancery of the State of Delaware. (h) Complaint filed by the Purchaser on April 6, 1998 in the United States District Court in and for the District of Delaware. (i) Complaint filed by the Purchaser on April 7, 1998 in the Court of Chancery of the State of Delaware. - ------------- * Filed herewith. EX-99.(A)(12) 2 PRESS RELEASE Exhibit (a)(12) FOR IMMEDIATE RELEASE For further information, call: Alan Miller Innisfree M&A Incorporated (212) 750-5831 GOLDEN CYCLE CONSIDERING RESPONSES TO GLOBAL MOTORSPORT RECAPITALIZATION PROPOSAL WYNNEWOOD, PA, May 27, 1998 -- Golden Cycle, LLC said today that it is reviewing its possible alternatives in view of the recapitalization proposal announced by Global Motorsport Group (NASDAQ: CSTM) on Friday. Roger Grass, Vice President of Golden Cycle, said "We are disappointed that Global Motorsport has not given us the same information used in their highly conditional proposed transaction with Fremont Partners which purports to lock out other buyers for at least a month and impose a break-up fee on superior offers. We will determine our response to the company's announcement as soon as we have had an opportunity to review the letter of intent." Golden Cycle has extended the expiration date of its tender offer for all outstanding shares of Global Motorsport Group, Inc. to 12:00 midnight, New York City time, on Tuesday, June 30, 1998. Golden Cycle said it has received tenders of approximately 99,736 shares of Global Motorsport Group. -----END PRIVACY-ENHANCED MESSAGE-----