SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. )(2)
The Carbide/Graphite Group, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
140777103
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(CUSIP Number)
Allen B. Holeman, Bear, Stearns & Co. Inc.
115 South Jefferson Road, Whippany, NJ 07981
(973) 793-2202
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 20, 2001
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(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 that 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 [_].
Note: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule
13d-7(b) for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of Pages)
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(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 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).
(SC13D-07/98)
CUSIP No. 140777103 13D Page of Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
The Bear Stearns Companies Inc.**
IRS # 13-3286161
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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*
WC, OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(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
OWNED BY 875,000
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
875,000
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
875,000
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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)
10.49%
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14 TYPE OF REPORTING PERSON*
HC
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Bear, Stearns & Co. Inc.**
IRS # 13-3299429
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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
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC, OO
--------------------------------------------------------------------------------
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
NUMBER OF
0
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 875,000
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
875,000
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
875,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.49%
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14 TYPE OF REPORTING PERSON*
BD
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 140777103 13D Page of Pages
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Page 3
Schedule 13D Amendment No. 2
This statement constitutes Amendment No. 2 to the statement on Schedule 13D
(the "Schedule 13D") filed with the Securities and Exchange Commission by Bear,
Stearns & Co. Inc. ("Bear Stearns") with respect to its ownership of the Common
Stock of The Carbide/Graphite Group, Inc. (the "Issuer").
Item 1: Security and Issuer.
No Change.
Item 2: Identify and Background:
(a)-(f) No change.
Item 3: Source and Amount of Funds or Other Consideration
Working capital; see item 4.
Item 4: Purpose of transaction.
Bear Stearns had acquired the Common Stock of the Carbide/Graphite Group, Inc.
in the ordinary course of its business as a broker/dealer in connection with its
market making activities. Bear Stearns may acquire additional securities of the
Issuer or dispose of securities of the Issuer in connection with such market
making activities. As a result of the acquisition of shares through its market
making activities, it filed a report on form 13G on February 9, 2001.
On June 3, 2001, the Issuer publicly announced a financial
restructuring and that it had signed an agreement to sell convertible preferred
stock to a third-party Questor Partners Fund II, L.P. ("Questor") that would
give Questor a controlling interest in the Issuer. Since Bear Stearns acted as
financial advisor to the Issuer in this transaction, on June 12, 2001, Bear
Stearns filed a report on form 13D.
On September 5, 2001, the Issuer filed a form 8-K announcing that i)
its previously-announced financial restructuring transaction with Questor
Management Company LLC and the bank group under its $135 million revolving
credit facility ("Bank Group") no longer appeared to be feasible and that the
Registrant was continuing to work with Questor and the Bank Group in an attempt
to complete an alternate transaction, (ii) the Bank Group has extended until
September 7, 2001 the expiration date of a previously issued waiver related to
the Registrant's non-compliance with certain financial covenants during its
fiscal year ended July 31, 2000 and (iii) the Registrant has been notified by
the NASDAQ Stock Market that the price of the Registrant's common stock has
fallen below the minimum thresholds required for listing on the NASDAQ National
Market System.
On September 21, 2001, the Issuer publicly announced that it reached a
definitive agreement with Questor on a transaction whereby an affiliate of
Questor will purchase substantially all of the Issuer's operating assets ans
assume substantially all of the Issuer's operating liabilities under a Section
363 asset sale pursuant to the U.S. Bankruptcy Code ("Code"). Furthermore, the
Issuer publicly announced that it had filed a petition for protection under
Chapter 11 of the Code to allow for the consummation of the comprehensive
restructuring and the Questor transaction. The Issuer announced that it is also
continuing discussions with the Bank Group to finance the Chapter 11 in
contemplation of the transaction with Questor.
On September 24, 2001, the Nasdaq Stock Market announced that trading
was halted in the Issuer pending the receipt of further information requested of
the Issuer. According to the announcement, trading will remain halted until the
Issuer has fully satisfied Nasdaq's request for additional information.
Item 5: Interest in Securities of the Issuer (as of 09/06/01)
(a) The responses of Bear Stearns to Rows (11) through (13) of the
cover page of this Amendment No. 2 to Schedule 13D are
incorporated herein by reference. To the best of Bear Stearns'
knowledge, none of its executive officers or directors
beneficially own any Common Stock of the Issuer.
(b) The responses of Bear Stearns to Rows (7) through (10) of the
cover page of this Amendment No. 2 to Schedule 13D are
incorporated herein by reference.
(c) During the past sixty (60) days, Bear Stearns has effected
transactions in the Common Stock of the Issuer. Information
concerning transactions in the Common Stock effected by
Bear Stearns is set forth on Appendix I.
(d) Not Applicable.
(e) Not Applicable.
Item 6: Contracts, Arrangements, Understandings or Relationships with Respect
To Securities of the Issuer.
No change.
Item 7: Materials to be Filed as Exhibits.
Not Applicable
Page 4
**Bear Stearns & Co. is a subsidiary of The Bear Stearns Companies Inc.
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.
September 27, 2001
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(Date)
/S/
----------------------------------------
(Signature)
Aldo Parcesepe/Senior Managing Director
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(Name/Title)
APPENDIX I
The Carbide/Graphite Group, Inc.
Trading from 09/07/2001 through 09/21/2001
(Various Firm Accounts)
***** 09/21 *****
500- CARBIDE/GRAPHITE GROUP INC .1200 59.99-
500- CARBIDE/GRAPHITE GROUP INC .1200 59.99-
2,000- CARBIDE/GRAPHITE GROUP INC .1000 199.99-
***** 09/20 *****
3,500 CARBIDE/GRAPHITE GROUP INC .1200 420.00
3,300 CARBIDE/GRAPHITE GROUP INC .1100 363.00
500- CARBIDE/GRAPHITE GROUP INC .1200 59.99-
500- CARBIDE/GRAPHITE GROUP INC .1200 59.99-
500- CARBIDE/GRAPHITE GROUP INC .1200 59.99-
500- CARBIDE/GRAPHITE GROUP INC .1200 59.99-
1,500- CARBIDE/GRAPHITE GROUP INC .1100 164.99-
1,500- CARBIDE/GRAPHITE GROUP INC .1200 179.99-
3,300- CARBIDE/GRAPHITE GROUP INC .1100 363.00-
3,500- CARBIDE/GRAPHITE GROUP INC .1200 420.00-
4,500- CARBIDE/GRAPHITE GROUP INC .1200 539.98-
4,500- CARBIDE/GRAPHITE GROUP INC .1200 539.98-
5,500- CARBIDE/GRAPHITE GROUP INC .1200 659.97-
8,500- CARBIDE/GRAPHITE GROUP INC .1200 1,019.96-
16,700- CARBIDE/GRAPHITE GROUP INC .1100 1,836.93-
***** 09/19 *****
500- CARBIDE/GRAPHITE GROUP INC .1200 59.99-
500- CARBIDE/GRAPHITE GROUP INC .1300 64.99-
500- CARBIDE/GRAPHITE GROUP INC .1200 59.99-
1,500- CARBIDE/GRAPHITE GROUP INC .1300 194.99-
2,500- CARBIDE/GRAPHITE GROUP INC .1200 299.99-
4,500- CARBIDE/GRAPHITE GROUP INC .1200 539.98-
***** 09/18 *****
1,425 CARBIDE/GRAPHITE GROUP INC .1400 199.50
500- CARBIDE/GRAPHITE GROUP INC .1300 64.99-
500- CARBIDE/GRAPHITE GROUP INC .1300 64.99-
575- CARBIDE/GRAPHITE GROUP INC .1300 74.74-
1,425- CARBIDE/GRAPHITE GROUP INC .1400 199.49-
4,800- CARBIDE/GRAPHITE GROUP INC .1300 623.97-
***** 09/17 *****
100 CARBIDE/GRAPHITE GROUP INC .1200 12.00
1,000 CARBIDE/GRAPHITE GROUP INC .1400 140.00
1,900 CARBIDE/GRAPHITE GROUP INC .1400 266.00
1,000- CARBIDE/GRAPHITE GROUP INC .1400 139.99-
1,900- CARBIDE/GRAPHITE GROUP INC .1400 265.99-
100- CARBIDE/GRAPHITE GROUP INC .1200 11.99-
100- CARBIDE/GRAPHITE GROUP INC .1300 12.99-
100- CARBIDE/GRAPHITE GROUP INC .1300 12.99-
130- CARBIDE/GRAPHITE GROUP INC .1300 16.89-
200- CARBIDE/GRAPHITE GROUP INC .1100 21.99-
900- CARBIDE/GRAPHITE GROUP INC .1300 116.99-
1,000- CARBIDE/GRAPHITE GROUP INC .1300 129.99-
1,400- CARBIDE/GRAPHITE GROUP INC .1300 181.99-
2,000- CARBIDE/GRAPHITE GROUP INC .1300 259.99-
2,900- CARBIDE/GRAPHITE GROUP INC .1200 347.98-
3,900- CARBIDE/GRAPHITE GROUP INC .1300 506.98-
***** 09/10 *****
3,000 CARBIDE/GRAPHITE GROUP INC .1000 300.00
500- CARBIDE/GRAPHITE GROUP INC .1100 54.99-
500- CARBIDE/GRAPHITE GROUP INC .1100 54.99-
500- CARBIDE/GRAPHITE GROUP INC .1300 64.99-
3,000- CARBIDE/GRAPHITE GROUP INC .1000 300.00-
6,500- CARBIDE/GRAPHITE GROUP INC .1300 844.97-
17,000- CARBIDE/GRAPHITE GROUP INC .1000 1,699.94-
***** 09/07 *****
100 CARBIDE/GRAPHITE GROUP INC .1200 12.00
100 CARBIDE/GRAPHITE GROUP INC .1200 12.00
100 CARBIDE/GRAPHITE GROUP INC .1100 11.00
300 CARBIDE/GRAPHITE GROUP INC .0900 27.00
500 CARBIDE/GRAPHITE GROUP INC .1000 50.00
500 CARBIDE/GRAPHITE GROUP INC .1300 65.00
500 CARBIDE/GRAPHITE GROUP INC .1200 60.00
550 CARBIDE/GRAPHITE GROUP INC .1100 60.50
925 CARBIDE/GRAPHITE GROUP INC .1010 93.43
1,000 CARBIDE/GRAPHITE GROUP INC .1000 100.00
1,000 CARBIDE/GRAPHITE GROUP INC .1000 100.00
1,000 CARBIDE/GRAPHITE GROUP INC .1000 100.00
1,000 CARBIDE/GRAPHITE GROUP INC .1300 130.00
1,500 CARBIDE/GRAPHITE GROUP INC .1000 150.00
2,900 CARBIDE/GRAPHITE GROUP INC .1100 319.00
3,000 CARBIDE/GRAPHITE GROUP INC .1300 390.00
3,000 CARBIDE/GRAPHITE GROUP INC .1300 390.00
3,700 CARBIDE/GRAPHITE GROUP INC .1200 444.00
4,600 CARBIDE/GRAPHITE GROUP INC .1000 460.00
4,975 CARBIDE/GRAPHITE GROUP INC .1000 497.50
5,000 CARBIDE/GRAPHITE GROUP INC .1300 650.00
5,000 CARBIDE/GRAPHITE GROUP INC .1200 600.00
5,000 CARBIDE/GRAPHITE GROUP INC .1100 550.00
5,000 CARBIDE/GRAPHITE GROUP INC .1100 550.00
5,000 CARBIDE/GRAPHITE GROUP INC .1100 550.00
8,000 CARBIDE/GRAPHITE GROUP INC .1200 960.00
100- CARBIDE/GRAPHITE GROUP INC .1200 11.99-
100- CARBIDE/GRAPHITE GROUP INC .1200 11.99-
100- CARBIDE/GRAPHITE GROUP INC .1100 10.99-
1,000- CARBIDE/GRAPHITE GROUP INC .1000 99.99-
1,000- CARBIDE/GRAPHITE GROUP INC .1000 99.99-
1,000- CARBIDE/GRAPHITE GROUP INC .1000 99.99-
1,000- CARBIDE/GRAPHITE GROUP INC .1300 129.99-
1,500- CARBIDE/GRAPHITE GROUP INC .1000 149.99-
3,500- CARBIDE/GRAPHITE GROUP INC .1300 454.98-
5,200- CARBIDE/GRAPHITE GROUP INC .1200 623.97-
8,000- CARBIDE/GRAPHITE GROUP INC .1200 959.96-
25- CARBIDE/GRAPHITE GROUP INC .1000 2.49-
500- CARBIDE/GRAPHITE GROUP INC .1500 74.99-
500- CARBIDE/GRAPHITE GROUP INC .1300 64.99-
500- CARBIDE/GRAPHITE GROUP INC .1300 64.99-
925- CARBIDE/GRAPHITE GROUP INC .1010 93.42-
1,000- CARBIDE/GRAPHITE GROUP INC .1500 149.99-
1,100- CARBIDE/GRAPHITE GROUP INC .1200 131.99-
1,100- CARBIDE/GRAPHITE GROUP INC .1200 131.99-
3,000- CARBIDE/GRAPHITE GROUP INC .1300 389.98-
3,000- CARBIDE/GRAPHITE GROUP INC .1300 389.98-
3,800- CARBIDE/GRAPHITE GROUP INC .1200 455.98-
4,900- CARBIDE/GRAPHITE GROUP INC .1100 538.98-
4,975- CARBIDE/GRAPHITE GROUP INC .1000 497.48-
5,000- CARBIDE/GRAPHITE GROUP INC .1000 499.98-
5,000- CARBIDE/GRAPHITE GROUP INC .1200 599.98-
5,000- CARBIDE/GRAPHITE GROUP INC .1300 649.97-
5,000- CARBIDE/GRAPHITE GROUP INC .1200 599.98-
5,000- CARBIDE/GRAPHITE GROUP INC .1100 549.98-
5,000- CARBIDE/GRAPHITE GROUP INC .1100 549.98-
5,000- CARBIDE/GRAPHITE GROUP INC .1100 549.98-
5,000- CARBIDE/GRAPHITE GROUP INC .1200 599.98-
Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).