SC 13D/A 1 sc13da1.txt AMENDMENT NO. 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 1) GILAT SATELLITE NETWORKS LTD. -------------------------------------------------------------------------------- (NAME OF ISSUER) ORDINARY SHARES, PAR VALUE NIS .01 PER SHARE -------------------------------------------------------------------------------- (TITLE OF CLASS OF SECURITIES) M51474100 -------------------------------------------------------------------------------- (CUSIP NUMBER) DAVID LIDSTONE, FOUR RESEARCH WAY, PRINCETON, NJ 08540 (609) 987-4016 -------------------------------------------------------------------------------- (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS) NOVEMBER 9, 2001 -------------------------------------------------------------------------------- (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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box. [_] 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 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). CUSIP NO. M51474100 PAGE 2 OF 15 PAGES --------- SCHEDULE 13D -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SES Americom, Inc. (formerly known as GE American Communications, Inc.) IRS # 13-2849985 -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* SC -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 4,308,000 NUMBER OF ----------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY -0- OWNED BY ----------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 4,308,000 PERSON ----------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER -0- -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,308,000 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 18.4% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. M51474100 PAGE 3 OF 15 PAGES --------- SCHEDULE 13D -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SES Global-Americas, Inc. (formerly known as GE Subsidiary, Inc. 22) IRS # 14-1682339 -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* SC -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 4,308,000 NUMBER OF ----------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY -0- OWNED BY ----------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 4,308,000 PERSON ----------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER -0- -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,308,000 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* Not applicable [_] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 18.4% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. M51474100 PAGE 4 OF 15 PAGES --------- SCHEDULE 13D -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SES Global IRS # 98-0353541 -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* SC -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Luxembourg -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 4,308,000 NUMBER OF ----------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY -0- OWNED BY ----------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 4,308,000 PERSON ----------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER -0- -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,308,000 -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* Not applicable [_] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 18.4% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. M51474100 PAGE 5 OF 15 PAGES --------- SCHEDULE 13D ITEM 1. SECURITY AND ISSUER This Amendment No. 1 ("Amendment No.1") to Schedule 13D is filed by the undersigned to amend and supplement the Schedule 13D, dated January 11, 1999, filed by GE American Communications, Inc. (now known as SES Americom, Inc.), GE Subsidiary, Inc. 22 (now known as SES Global-Americas, Inc.), General Electric Capital Corporation, General Electric Capital Services, Inc., and General Electric Company, relating to the Ordinary Shares, par value NIS .01 per share (the "Ordinary Shares"), of Gilat Satellite Networks Ltd., a corporation organized under the laws of Israel (the "Company" or "Gilat"), the principal executive offices of which are located at Yegia Kapayim St., Kyriat Arye, Petah Tikva 49130, Israel. ITEM 2. IDENTITY AND BACKGROUND Item 2 is hereby amended and restated in its entirety: (a) - (c) This Statement is being filed pursuant to Rule 13d of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended (the "Act"), by SES Americom, Inc. ("SES Americom") (formerly known as GE American Communications, Inc. ("GE Americom")), SES Global-Americas, Inc. ("SES Global Americas") (formerly known as GE Subsidiary, Inc. 22), and SES Global ("SES Global," and each of SES Global, SES Americom and SES Global Americas, a "Reporting Person"). SES Americom is a wholly-owned (directly and indirectly) subsidiary of SES Global Americas. On November 9, 2001, SES Global acquired SES Global Americas from General Electric Capital Corporation, and as a result of such acquisition, SES Global Americas became a wholly-owned subsidiary of SES Global. SES Global Americas changed its name from GE Subsidiary, Inc. 22 to SES Global-Americas, Inc., and SES Americom changed its name from GE American Communications, Inc. to SES Americom, Inc. SES Americom is a Delaware corporation. SES Americom provides satellite communications services through its own fleet of spacecraft and maintains its principal executive offices at Four Research Way, Princeton, NJ 08540. SES Global Americas is a Delaware corporation. SES Global Americas is a holding company for various other subsidiaries of SES Global and maintains its principal executive offices at Four Research Way, Princeton, NJ 08540. SES Global is a societe anonyme organized and existing under the laws of the Grand Duchy of Luxembourg. SES Global is a holding company for operating subsidiaries that provide satellite communications services through their respective fleets of spacecraft. SES Global maintains its principal executive offices at Chateau de Betzdorf, L-6815 Betzdorf, Grand Duchy of Luxembourg. For the information required herein with respect to the identity and background of each officer and director of the Reporting Persons, see Schedules I, II and III, attached hereto and hereby incorporated herein. The information required herein with respect to the respective executive officers and directors of the Reporting Persons is to the best knowledge of the Reporting Persons. If subsequent to the date of this Amendment No.1 additional information is received with respect to such individuals which would cause a material change in the information contain herein, an amendment to this Amendment No. 1 will be filed that will set forth such change in information. (d) - (e) During the last five years, none of the Reporting Persons, nor, to the best of their knowledge, any of their respective directors or executive officers, has been (i) convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) or (ii) 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 a finding of any violation with respect to such laws. (f) The information required herein with respect to the citizenship of each officer and director of the Reporting Persons is set forth in Schedules I, II and III, attached hereto and hereby incorporated herein. CUSIP NO. M51474100 PAGE 6 OF 15 PAGES --------- ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION Unchanged. ITEM 4. PURPOSE OF TRANSACTION Unchanged. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER Item 5 is amended and restated in its entirety: (a) As of the date of this Amendment No. 1, the Reporting Persons may be deemed to beneficially own an aggregate of 4,308,000 Ordinary Shares, which, based on calculations made in accordance with Rule 13d-3(d) of the Act and there being 23,363,494 Ordinary Shares outstanding as of June 15, 2001 (as reported by the Company in Form 20-F of the Company dated July 2, 2001), represents approximately 18.4% of the outstanding Ordinary Shares. (b) Each of the Reporting Persons has sole power to vote and dispose of the 4,308,000 Ordinary Shares. To the best knowledge of the Reporting Persons, none of their respective executive officers and directors presently has the power to vote or to direct the vote or to dispose or direct the disposition of any Ordinary Shares that they may be deemed to beneficially own. (c) None of the Reporting Persons, nor, to the best of their knowledge, any of their respective executive officers or directors, has effected any transactions in the Ordinary Shares in the past 60 days. (d) No person is known to have the power to direct the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Ordinary Shares held by the Reporting Persons except for the Reporting Persons. (e) Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Unchanged. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. SCHEDULE DESCRIPTION -------- ----------- I. Directors and executive officers of SES Americom. II. Directors and executive officers of SES Global Americas. III. Directors and executive officers of SES Global. CUSIP NO. M51474100 PAGE 7 OF 15 PAGES --------- SIGNATURES After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: December 4, 2001 SES AMERICOM, INC. /s/ Mark R. O'Leary -------------------------------------------- By: Mark R. O'Leary Title: Senior Vice President, Secretary, General Counsel Date: December 4, 2001 SES GLOBAL-AMERICAS, INC. /s/ Mark R. O'Leary -------------------------------------------- By: Mark R. O'Leary Title: Senior Vice President, General Counsel Date: December 4, 2001 SES GLOBAL /s/ Romain Bausch -------------------------------------------- By: Romain Bausch Title: Chief Executive Officer CUSIP NO. M51474100 PAGE 8 OF 15 PAGES --------- SCHEDULE AND EXHIBIT INDEX SCHEDULE DESCRIPTION I. Directors and executive officers of SES Americom. II. Directors and executive officers of SES Global Americas. III. Directors and executive officers of SES Global. CUSIP NO. M51474100 PAGE 9 0F 15 PAGES --------- Schedule I SES AMERICOM, INC. DIRECTORS AND EXECUTIVE OFFICERS
DIRECTORS: PRESENT PRESENT BUSINESS PRINCIPAL NAME ADDRESS OCCUPATION CITIZENSHIP ---- ------- ---------- ----------- Romain Bausch SES Global Chief Executive Officer, Luxembourg L-6815 Chateau de Betzdorf President and Member of Luxembourg Executive Committee of SES Global Dean A. Olmstead SES Americom Chief Executive Officer U.S. Four Research Way and President of SES Princeton, NJ 08540 Americom
CUSIP NO. M51474100 PAGE 10 OF 15 PAGES ---------
EXECUTIVE OFFICERS: PRESENT PRESENT BUSINESS PRINCIPAL NAME ADDRESS OCCUPATION CITIZENSHIP ---- ------- ---------- ----------- Michael Agostinelli SES Americom Vice President U.S. Four Research Way Princeton, NJ 08540 William Berman SES Americom Vice President U.S. Four Research Way Princeton, NJ 08540 Walter H. Braun SES Americom Senior Vice President U.S. Four Research Way Princeton, NJ 08540 Carl Capista SES Americom Vice President U.S. Four Research Way Princeton, NJ 08540 Cynthia Dickins 7200 Wisconsin Avenue Vice President U.K. Suite 701 Bethesda, MD 20814 Nancy J. Eskenazi SES Americom Assistant Secretary U.S. Four Research Way Princeton, NJ 08540 Paula Fairley SES Americom Senior Vice President U.S. Four Research Way Princeton, NJ 08540 Andreas M. Georghiou SES Americom Senior Vice President U.S. Four Research Way Princeton, NJ 08540 Daniel J. Harel SES Americom Vice President U.S. Four Research Way Princeton, NJ 08540 Emmett B. Hume SES Americom Senior Vice President U.S. Four Research Way Princeton, NJ 08540 Anders Johnson SES Americom Senior Vice President U.S. Four Research Way Princeton, NJ 08540 Stanley Konopka SES Americom Assistant Treasurer - Taxes U.S. Four Research Way Princeton, NJ 08540
CUSIP NO. M51474100 PAGE 11 OF 15 PAGES ---------
PRESENT PRESENT BUSINESS PRINCIPAL NAME ADDRESS OCCUPATION CITIZENSHIP ---- ------- ---------- ----------- Richard A. Langhans SES Americom Vice President U.S. Four Research Way Princeton, NJ 08540 David J. Lidstone SES Americom Assistant Secretary U.S. Four Research Way Princeton, NJ 08540 Monica Morgan SES Americom Vice President U.S. Four Research Way Princeton, NJ 08540 Hanaa Nasr SES Americom Assistant Treasurer - Taxes U.S. Four Research Way Princeton, NJ 08540 John A. Nelsen SES Americom Vice President U.S. Four Research Way Princeton, NJ 08540 Michael J. Noon SES Americom Vice President U.S. Four Research Way Princeton, NJ 08540 Mark R. O'Leary SES Americom Senior Vice President/Secretary/ U.S. Four Research Way General Counsel Princeton, NJ 08540 Dean A. Olmstead SES Americom Chief Executive Officer and U.S. Four Research Way President Princeton, NJ 08540 Robert Phelan SES Americom Senior Vice President U.S. Four Research Way Princeton, NJ 08540 John Repko SES Americom Senior Vice President/Chief U.S. Four Research Way Information Officer Princeton, NJ 08540 Orlando Skelton SES Americom Vice President U.S. Four Research Way Princeton, NJ 08540 Mara L. Yoelson SES Americom Assistant Secretary U.S. Four Research Way Princeton, NJ 08540
CUSIP NO. M51474100 PAGE 12 OF 15 PAGES --------- Schedule II SES Global-Americas, Inc. DIRECTORS AND EXECUTIVE OFFICERS
DIRECTORS: PRESENT PRESENT BUSINESS PRINCIPAL NAME ADDRESS OCCUPATION CITIZENSHIP ---- ------- ---------- ----------- Romain Bausch SES Global Chief Executive Officer, Luxembourg L-6815 Chateau de Betzdorf President and Member of Luxembourg Executive Committee of SES Global Dean A. Olmstead SES Americom Chief Executive Officer U.S. Four Research Way and President of SES Princeton, NJ 08540 Americom EXECUTIVE OFFICERS: PRESENT PRESENT BUSINESS PRINCIPAL NAME ADDRESS OCCUPATION CITIZENSHIP ---- ------- ---------- ----------- Romain Bausch SES Global Chairman of the Board Luxembourg L-6815 Chateau de Betzdorf Luxembourg Dean A. Olmstead SES Americom President U.S. Four Research Way Princeton, NJ 08540 Mark R. O'Leary SES Americom Senior Vice President and U.S. Four Research Way General Counsel Princeton, NJ 08540
CUSIP NO. M51474100 PAGE 13 OF 15 PAGES --------- Schedule III SES Global DIRECTORS AND EXECUTIVE OFFICERS
DIRECTORS: PRESENT PRESENT BUSINESS PRINCIPAL NAME ADDRESS OCCUPATION CITIZENSHIP ---- ------- ---------- ----------- Charles Alexander Clarges House, 6-12 Clarges President, GE Capital Europe U.K. Street, GB-London W1J 8DH Wolfgang A. Baertz 26, rue du Marche-aux-Herbes Administrateur-Delegue, Germany L-2097 Luxembourg Dresdner Bank Luxembourg S.A. Hadelin de Liedekerke 31, bd Prince Henri Administrateur de societes Belgium Beaufort L - 1724 Luxembourg Georges Bollig 190, Val. St. Croix Directeur a la SNCI Luxembourg L - 1370 Luxembourg John F. Connelly SES Americom Vice President, GE U.S. Four Research Way Capital Corporation Princeton, NJ 08540 Ernst Wilhelm Contzen 2, Boulevard Konrad Adenauer Chief Executive Officer, Germany L-1115 Luxembourg Dresdner Bank Luxembourg S.A. Richard Goblet d'Alviella Rue du Village 5 Administrateur de societes, Belgium B-1490 Court Saint Etienne Sofina S.A. Jean-Claude Finck 3, Sonnestrooss Directeur General adjoint de Luxembourg L - 2899 Foetz la BCEE Raymond Kirsch 13, an de Bongerten President du Comite de Luxembourg L - 7346 Steinsel direction et Directeur General de la BCEE Joachim Kroske Kellerberg 2 Consultant Germany D - 22885 Barsbuttel Raphael Kubler Birkenweg 104 Senior Executive Vice Germany D - 50997 Koln President, Deutsche Telekom AG Luis Sanchez Merlo Antonio Maura 9 Economist, Chairman of Sanchez Spain E - 28014 Madrid Merlo Associates
CUSIP NO. M51474100 PAGE 14 OF 15 PAGES ---------
PRESENT PRESENT BUSINESS PRINCIPAL NAME ADDRESS OCCUPATION CITIZENSHIP ---- ------- ---------- ----------- Denis J. Nayden 260 Long Ridge Road, Stamford, Chairman & Chief Executive U.S. CT 06927, USA Officer, GE Capital Corporation Gaston Reinesch 7, Val de Aulnes Vice-President de la SNCI Luxembourg L - 3811 Schifflange Victor Rod 8, rue Victor Beck President du Conseil Luxembourg L - 1223 Howald d'Administration de la BCEE Christian Schaack 50, avenue J.F. Kennedy L - Member of the Board, Banque Luxembourg 2951 Luxembourg Generale du Luxembourg Georges Schmit 35, Op der Strooss, President de la SNCI Luxembourg L - 7650 Heffingen Rene Steichen 36, rue Clairefontaine Chairman of the Board of SES Luxembourg L - 9201 Diekirch Global; Avocat a la Cour Gerd Tenzer Am Wolfsbach 50b Member of the Board of Germany D - 53229-Bonn Management, Deutsche Telekom AG Francois Tesch 45 a, route de Bettembourg President, Luxempart S.A. Luxembourg L - 1899 Kockelscheuer EXECUTIVE OFFICERS: PRESENT PRESENT BUSINESS PRINCIPAL NAME ADDRESS OCCUPATION CITIZENSHIP ---- ------- ---------- ----------- Romain Bausch SES Global Chief Executive Officer and Luxembourg L-6815 Chateau de Betzdorf President; Member of Executive Luxembourg Committee Robert Bednarek (1) SES Americom Executive Vice-President, U.S. Four Research Way Corporate Development; Member Princeton, NJ 08540 of Executive Committee Roland Jaeger SES Global General Counsel Luxembourg L-6815 Chateau de Betzdorf Luxembourg Ferdinand Kayser (1) SES Global Member of Executive Committee; Luxembourg L-6815 Chateau de Betzdorf Chief Executive Officer and Luxembourg President of SES Astra Dean A. Olmstead SES Americom Member of Executive Committee; U.S. Four Research Way Chief Executive Officer and Princeton, NJ 08540 President of SES Americom
------------------------ 1 Effective as of January 1, 2002. CUSIP NO. M51474100 PAGE 15 OF 15 PAGES ---------
PRESENT PRESENT BUSINESS PRINCIPAL NAME ADDRESS OCCUPATION CITIZENSHIP ---- ------- ---------- ----------- Jurgen Schulte SES Global Chief Financial Officer; Germany L-6815 Chateau de Betzdorf Member of Executive Committee Luxembourg