UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
CHART INDUSTRIES, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
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(Title of Class of Securities)
16115Q209
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(CUSIP Number)
SEPTEMBER 15, 2003
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
13G is filed:
[X] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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. 16115Q209
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(1) Names of Reporting Persons. I.R.S. Identification Nos. of above persons
(entities only):
Carl Marks Management Company, L.P.
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(2) Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [X]
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(3) SEC Use Only
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(4) Citizenship or Place of Organization: Delaware
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Number of Shares Beneficially Owned by
Each Reporting Person With (5) Sole Voting Power: 341,450**
(6) Shared Voting Power: -0-
(7) Sole Dispositive Power: 341,450**
(8) Shared Dispositive Power: -0-
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
341,450 shares**
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(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares:*
[ ]
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(11) Percent of Class Represented by Amount in Row (9): 6.4%**
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(12) Type of Reporting Person (See Instructions): IA, PN
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*See Item 8 of this Schedule.
**See Items 2 and 4 of this Schedule.
CUSIP No. 16115Q209
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(1) Names of Reporting Persons. I.R.S. Identification Nos. of above persons
(entities only):
Andrew M. Boas
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(2) Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [X]
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(3) SEC Use Only
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(4) Citizenship or Place of Organization: U.S.
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Number of Shares Beneficially Owned by
Each Reporting Person With (5) Sole Voting Power: -0-
(6) Shared Voting Power: 341,450**
(7) Sole Dispositive Power: -0-
(8) Shared Dispositive Power: 341,450**
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
341,450 shares**
--------------------------------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares:*
[ ]
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(11) Percent of Class Represented by Amount in Row (9): 6.4%**
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(12) Type of Reporting Person (See Instructions): HC, IN
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CUSIP No. 16115Q209
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(1) Names of Reporting Persons. I.R.S. Identification Nos. of above persons
(entities only):
Robert C. Ruocco
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(2) Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [X]
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(3) SEC Use Only
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(4) Citizenship or Place of Organization: U.S.
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Number of Shares Beneficially Owned by
Each Reporting Person With (5) Sole Voting Power: -0-
(6) Shared Voting Power: 341,450**
(7) Sole Dispositive Power: -0-
(8) Shared Dispositive Power: 341,450**
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
341,450 shares**
--------------------------------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares:*
[ ]
--------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9): 6.4%**
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(12) Type of Reporting Person (See Instructions): HC, IN
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CUSIP No. 16115Q209
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(1) Names of Reporting Persons. I.R.S. Identification Nos. of above persons
(entities only):
James F. Wilson
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(2) Check the Appropriate Box if a Member of a Group*
(a) [ ]
(b) [X]
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(3) SEC Use Only
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(4) Citizenship or Place of Organization: U.S.
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Number of Shares Beneficially Owned by
Each Reporting Person With (5) Sole Voting Power: -0-
(6) Shared Voting Power: 341,450**
(7) Sole Dispositive Power: -0-
(8) Shared Dispositive Power: 341,450**
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
341,450 shares**
--------------------------------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares:*
[ ]
--------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9): 6.4%**
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(12) Type of Reporting Person (See Instructions): HC, IN
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Item 1(a). Name of Issuer: Chart Industries, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
5885 Landerbrook Drive, Suite 205, Cleveland, Ohio 44124
Item 2(a). Name of Person Filing: This Schedule is being jointly filed by (i)
Carl Marks Management Company, L.P. ("CMMC"), a registered
investment adviser and the sole general partner of (1) Carl Marks
Strategic Investments, L.P. ("CMSI"), a private investment
partnership that is the owner of certain of the shares of the Common
Stock of the Issuer being reported on in this Schedule and (2) Carl
Marks Strategic Investments, III, L.P. ("CMSIIII"), a private
investment partnership that is the owner of the remaining shares of
the Common Stock of the Issuer being reported on in this Schedule
and (ii) the three individual general partners of CMMC, Messrs.
Andrew M. Boas, Robert C. Ruocco and James F. Wilson.
Item 2(b). Address of Principal Business Office or, if None, Residence:
135 East 57th Street, New York, New York 10022
Item 2(c). Citizenship: CMMC is a Delaware limited partnership; Messrs. Boas,
Ruocco and Wilson are United States citizens
Item 2(d). Title of Class of Securities: Common Stock, par value $0.01 per
share
Item 2(e). CUSIP No.: 16115Q209
Item 3. If this statement is filed pursuant to Sections 240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(15 U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of the
Act (15 U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C 80a-8).
(e) [X] An investment adviser in accordance with Section
240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance
with Section 240.13d-1(b)(1)(ii)(F);
(g) [X] A parent holding company or control person in accordance
with Section 240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).
Item 4. Ownership
The following states the beneficial ownership of the Reporting Persons
as of September 15, 2003. This Schedule relates to the same shares of Common
Stock which are owned by CMSI and CMSIIII and which may be deemed to be
beneficially owned (i) indirectly by CMMC, as general partner of CMSI and
CMSIIII, and (ii) indirectly on a shared basis by Messrs. Boas, Ruocco and
Wilson, who as general partners of CMMC, the general partner of CMSI and
CMSIIII, share the power to direct the vote or disposition of such securities.
CMMC:
(a) Amount beneficially owned: 341,450 shares
(b) Percent of class: 6.4%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 341,450 shares
(ii) Shared power to vote or to direct the vote: None
(iii) Sole power to dispose or to direct the disposition of
341,450 shares
(iv) Shared power to dispose or to direct the disposition of: None
Mr. Boas:
(a) Amount beneficially owned: 341,450 shares
(b) Percent of class: 6.4%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: None
(ii) Shared power to vote or to direct the vote: 341,450 shares
(iii) Sole power to dispose or to direct the disposition of: None
(iv) Shared power to dispose or to direct the disposition of:
341,450 shares
Mr. Ruocco:
(a) Amount beneficially owned: 341,450 shares
(b) Percent of class: 6.4%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: None
(ii) Shared power to vote or to direct the vote: 341,450 shares
(iii) Sole power to dispose or to direct the disposition of: None
(iv) Shared power to dispose or to direct the disposition of:
341,450 shares.
Mr. Wilson:
(a) Amount beneficially owned: 341,450 shares
(b) Percent of class: 6.4%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: None
(ii) Shared power to vote or to direct the vote: 341,450 shares
(iii) Sole power to dispose or to direct the disposition of: None
(iv) Shared power to dispose or to direct the disposition of:
341,450 shares.
Item 5. Ownership of Five Percent or Less of a Class
Not Applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
See Items 2(a) and 4.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company or
Control Person.
Not Applicable.
Item 8. Identification and Classification of Members of the Group
The Reporting Persons are filing this Schedule 13G with respect to the
Common Stock of Chart Industries, Inc. (the "Issuer"). The Issuer and certain of
its subsidiaries filed for bankruptcy on July 8, 2003 under Chapter 11 of the
United States Bankruptcy Code. The Issuer's Amended Joint Prepackaged
reorganization Plan (the "Plan") was confirmed by the Bankruptcy Court for the
District of Delaware pursuant to an order entered September 4, 2003. The Plan
provides, among other things, for the issuance of Common Stock to the Issuer's
senior lenders, including CMSI and CMSIIII. In connection with the issuance to
CMSI and CMSIIII of Common Stock under the Plan, CMSI and CMSIIII have entered
into an Investor Rights Agreement, dated as of September 15, 2003, by and among
the Issuer, OCM Principal Opportunities Fund II, L.P. ("OCM"), Audax Chart LLC
("Audax") and various other holders of Common Stock issued pursuant to the Plan
(the "IRA"). OCM and Audax and certain of the other parties to the IRA are
significant beneficial owners of the Common Stock and have filed or intend to
file Schedules 13D or Schedules 13G pursuant to the requirements of the
Securities Exchange Act of 1934 (the "Act"). Among other things, the IRA
subjects the Common Stock owned by the parties thereto to certain restrictions
on transfer. In addition, the parties to the IRA agree therein to vote their
shares of Common Stock as set forth therein. As a result of CMSI and CMSIIII
executing the IRA, the Reporting Persons may be deemed to have formed a "group"
with the other parties to the IRA for purposes of Section 13(d) of the Act and
the rules promulgated thereunder. Accordingly, each of the Reporting Persons
expressly disclaims beneficial ownership of the Issuer's Common Stock
beneficially owned by the other parties to the IRA. Additionally, each Reporting
Person expressly disclaims any assertion or presumption that such Reporting
Person and the other parties to the IRA constitute a "group".
Item 9. Notice of Dissolution of Group
Not Applicable.
Item 10. Certification
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
Issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
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.
Dated: September 25, 2003
Carl Marks Management Company, L.P., General Partner
By: /s/ Andrew M. Boas
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Title: A General Partner
/s/ Andrew M. Boas
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Andrew Boas
/s/ Robert C. Ruocco
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Robert C. Ruocco
/s/ James F. Wilson
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James F. Wilson
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (See 18 U.S.C. 1001)