UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)
CHROMCRAFT REVINGTON, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
171117-10-4
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(CUSIP Number)
CHRISTOPHER G. KARRAS, DECHERT
4000 BELL ATLANTIC TOWER, 1717 ARCH STREET, PHILADELPHIA, PA 19103
(215) 994-4000
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
March 15, 2002
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(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 10.
SCHEDULE 13D
CUSIP NO. 171117-10-4 Page 2 of 14 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
COURT SQUARE CAPITAL LIMITED
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
NOT APPLICABLE
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or (e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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7 SOLE VOTING POWER
NUMBER OF 0
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SHARES 8 SHARED VOTING POWER
BENEFICIALLY 0
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OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
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REPORTING 10 SHARED DISPOSITIVE POWER
PERSON WITH 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
/ /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
NOT APPLICABLE
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14 TYPE OF REPORTING PERSON
CO
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SCHEDULE 13D
CUSIP NO. 171117-10-4 Page 3 of 14 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CITICORP BANKING CORPORATION
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
NOT APPLICABLE
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or (e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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7 SOLE VOTING POWER
NUMBER OF 0
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SHARES 8 SHARED VOTING POWER
BENEFICIALLY 0
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OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
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REPORTING 10 SHARED DISPOSITIVE POWER
PERSON WITH 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
/ /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
NOT APPLICABLE
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14 TYPE OF REPORTING PERSON
HC
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SCHEDULE 13D
CUSIP NO. 171117-10-4 Page 4 of 14 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CITICORP
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
NOT APPLICABLE
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or (e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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7 SOLE VOTING POWER
NUMBER OF 0
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SHARES 8 SHARED VOTING POWER
BENEFICIALLY 0
--------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
--------------------------------------------------
REPORTING 10 SHARED DISPOSITIVE POWER
PERSON WITH 0
--------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
/ /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
NOT APPLICABLE
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14 TYPE OF REPORTING PERSON
HC
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SCHEDULE 13D
CUSIP NO. 171117-10-4 Page 5 of 14 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CITIGROUP HOLDINGS COMPANY
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
NOT APPLICABLE
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or (e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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7 SOLE VOTING POWER
NUMBER OF 0
--------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 0
--------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
--------------------------------------------------
REPORTING 10 SHARED DISPOSITIVE POWER
PERSON WITH 0
--------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
/ /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
NOT APPLICABLE
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14 TYPE OF REPORTING PERSON
HC
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SCHEDULE 13D
CUSIP NO. 171117-10-4 Page 6 of 14 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CITIGROUP INC.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
NOT APPLICABLE
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or (e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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7 SOLE VOTING POWER
NUMBER OF 0
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SHARES 8 SHARED VOTING POWER
BENEFICIALLY 500*
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OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
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REPORTING 10 SHARED DISPOSITIVE POWER
PERSON WITH 500*
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
/ /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
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14 TYPE OF REPORTING PERSON
HC
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* Represents 500 shares that may be deemed to be beneficially owned by
subsidiaries of Citigroup Inc.
AMENDMENT NO. 4
TO SCHEDULE 13D
This Amendment No. 4 amends the indicated items of the statement on
Schedule 13D filed on February 22, 2002, relating to the Common Stock ("Common
Stock") of Chromcraft Revington, Inc., a Delaware corporation (the "Issuer").
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, a
Delaware corporation ("Citicorp Banking"), 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 Citicorp Banking, (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. 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 on finding any violation with respect to such laws.
(f) Each of Court Square, Citicorp, Citicorp Banking, Citigroup
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) On January 10, 2002, Court Square accepted the Issuer's proposal
to purchase all of the 5,695,418 shares of Common Stock owned by Court Square
for a cash purchase price of $10.00 per share, plus a fee in cash of up to $.50
per share (not to exceed $2,800,000 in the aggregate) (the "Proposal").
According to the Proposal, 2,000,000 shares of Court Square's Common Stock would
be purchased by an employee stock ownership plan to be formed by the Issuer and
3,695,418 shares would be purchased by the Issuer.
Pursuant to the Proposal, on February 19, 2002, Court Square and the
Issuer executed a Stock Purchase Agreement pursuant to which Court Square agreed
to sell and the Issuer agreed to buy 3,695,418 shares of Common Stock owned by
Court Square on or before March 15, 2002, for a cash purchase price of $10.00
per share, plus a fee in cash of up to $.50 per share (not to exceed $2,800,000
in the aggregate) (the "Company Purchase Agreement"). On February 19, 2002 Court
Square and Great Bank Trust Company, in its capacity as trustee of the
Chromcraft Revington, Inc. Employee Stock Ownership Plan Trust (the "ESOP
Purchaser") executed a Stock Purchase Agreement pursuant to which Court Square
agreed to sell and the ESOP Purchaser agreed to buy 2,000,000 shares of Common
Stock owned by Court Square on or before March 15, 2002, for a cash purchase
price of $10.00 per share (the 'ESOP Purchase Agreement" together, the Company
Purchase Agreement and the ESOP Purchase Agreement, the "Purchase Agreements").
The Issuer and the ESOP Purchaser purchased all of the Common Stock
owned by Court Square pursuant to the Purchase Agreements on March 15, 2002. On
March 15, 2002, Court Square sold 3,695,418 shares of Common Stock to the Issuer
for an aggregate cash purchase price of $36,954,180, plus a fee in cash equal to
$2,800,000 in the aggregate. On March 15, 2002, Court Square sold 2,000,000
shares of Common Stock to the ESOP Purchaser for an aggregate cash purchase
price of $20,000,000.
(b)-(c) Not applicable.
(d) M. Saleem Muqaddam resigned from the Board of Directors of
the Issuer effective as of March 15, 2002.
(e) Consummation of the stock purchases pursuant to the Purchase
Agreements resulted in the Issuer and the ESOP Purchaser acquiring approximately
59.0% of then outstanding Common Stock.
(f)-(j) Not applicable.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) As of the date of this filing, Court Square does not own any
shares of Common Stock. Citigroup beneficially owns 500 shares of Common Stock,
which represents less than one tenth of one percent of all shares of Common
Stock outstanding. Percentages are based on the number of shares of Common
Stock outstanding as of March 20, 2002.
(b) An indirect subsidiary of Citigroup has sole investment power
over, and thus is deemed to beneficially own, 500 shares of Common Stock.
(c) Court Square sold all 5,695,418 shares of its Common Stock on
March 15, 2002 in the transactions described in Item 4(a).
(d) Not applicable.
(e) On March 15, 2002, the Reporting Persons ceased to beneficially
own more than five percent of the Common Stock.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO THE SECURITIES OF THE ISSUER.
Except as set forth in Item 4, to the best knowledge of the Reporting
Persons, no contracts, arrangements, understandings or relationships (legal or
otherwise) exist among the persons named in Item 2 or between such persons and
any other person with respect to any securities of the Issuer, including but not
limited to transfer or voting of any such securities, finder's fees, joint
ventures, loan or option arrangements, puts or calls, guarantees of profits,
divisions of profits or loss, or the giving or withholding of proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 1 - Joint Filing Agreement
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: March 21, 2002
COURT SQUARE CAPITAL LIMITED
By: /s/ Anthony P. Mirra
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Name: Anthony P. Mirra
Title: Vice President
CITICORP BANKING CORPORATION
By: /s/ William Wolf
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Name: William Wolf
Title: Senior Vice President
CITICORP
By: /s/ Joseph B. Wollard
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Name: Joseph B. Wollard
Title: Assistant Secretary
CITIGROUP HOLDINGS COMPANY
By: /s/ Joseph B. Wollard
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Name: Joseph B. Wollard
Title: Assistant Secretary
CITIGROUP INC.
By: /s/ Joseph B. Wollard
-------------------------------
Name: Joseph B. Wollard
Title: Assistant Secretary
SCHEDULE A
COURT SQUARE CAPITAL LIMITED
DIRECTORS
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William T. Comfort
Anne Goodbody
David F. Thomas
OFFICERS TITLE
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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
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
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 Honorary Director
Alfredo Harp Director (Mexico)
Roberto Hernandez Director (Mexico)
Ann Dibble 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
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.
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1. Joint Filing Agreement