0000902664-09-002000.txt : 20090513
<sec-header>0000902664-09-002000.hdr.sgml : 20090513
<acceptance-datetime>20090513170342
ACCESSION NUMBER: 0000902664-09-002000
CONFORMED SUBMISSION TYPE: SC 13D/A
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20090513
DATE AS OF CHANGE: 20090513
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: MCG CAPITAL CORP
CENTRAL INDEX KEY: 0001141299
IRS NUMBER: 541889518
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-78037
FILM NUMBER: 09823204
BUSINESS ADDRESS:
STREET 1: 1100 WILSON BLVD
STREET 2: SUITE 800
CITY: ARLINGTON
STATE: VA
ZIP: 22209
BUSINESS PHONE: 7032477500
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: SPRINGBOK CAPITAL MANAGEMENT, LLC
CENTRAL INDEX KEY: 0001387508
IRS NUMBER: 000000000
FILING VALUES:
FORM TYPE: SC 13D/A
BUSINESS ADDRESS:
STREET 1: 130 EAST 59TH STREET
STREET 2: 11TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
BUSINESS PHONE: 212-897-6732
MAIL ADDRESS:
STREET 1: 130 EAST 59TH STREET
STREET 2: 11TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
</acceptance-datetime></sec-header>
<document>
<type>SC 13D/A
</type><sequence>1
</sequence><filename>p09-1013sc13da.txt
</filename><description>MCG CAPITAL CORPORATION
<text>
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)
Under the Securities Exchange Act of 1934
(Amendment No. 4)(1)
MCG Capital Corporation
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $0.01 Par Value Per Share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
58047P107
- --------------------------------------------------------------------------------
(CUSIP Number)
Gavin Saitowitz
Springbok Capital Management, LLC
405 Park Avenue, 6th Floor
New York, NY 10022
(212) 415-6681
Jaime Lester
Soundpost Partners, LP
405 Park Avenue, 6th Floor
New York, NY 10022
(212) 920-8388
Jeffrey Keswin
Lyrical Partners, L.P.
405 Park Avenue, 6th Floor
New York, NY 10022
(212) 415-6640
With a copy to:
Marc Weingarten, Esq.
Schulte Roth & Zabel LLP
919 Third Avenue
New York, New York 10022
(212) 756-2000
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 11, 2009
- --------------------------------------------------------------------------------
(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 for
other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 12 Pages)
- --------------------------
(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)
<page>
- ------------------------------ --------------------
CUSIP NO. 58047P107 SCHEDULE 13D/A PAGE 2 of 12 Pages
- ------------------------------ --------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Springbok Capital Management, LLC
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
---------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 418,212
OWNED BY ---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
---------------------------------------------------------
10 SHARED DISPOSITIVE POWER
418,212
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
7,471,174 (See Item 5)
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.8%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA
- -------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</page><page>
- ------------------------------ --------------------
CUSIP NO. 58047P107 SCHEDULE 13D/A PAGE 3 of 12 Pages
- ------------------------------ --------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Springbok Capital Onshore, LLC
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
---------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 711,551
OWNED BY ---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
---------------------------------------------------------
10 SHARED DISPOSITIVE POWER
711,551
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
7,471,174 (See Item 5)
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.8%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
00
- -------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</page><page>
- ------------------------------ --------------------
CUSIP NO. 58047P107 SCHEDULE 13D/A PAGE 4 of 12 Pages
- ------------------------------ --------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Gavin Saitowitz
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF; AF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
1,000
---------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,129,763
OWNED BY ---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 1,000
---------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,129,763
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
7,471,174 (See Item 5)
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.8%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</page><page>
- ------------------------------ --------------------
CUSIP NO. 58047P107 SCHEDULE 13D/A PAGE 5 of 12 Pages
- ------------------------------ --------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Soundpost Partners, LP
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
---------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,170,672
OWNED BY ---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
---------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,170,672
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
7,471,174 (See Item 5)
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.8%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA
- -------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</page><page>
- ------------------------------ --------------------
CUSIP NO. 58047P107 SCHEDULE 13D/A PAGE 6 of 12 Pages
- ------------------------------ --------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Jaime Lester
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
---------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,170,672
OWNED BY ---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
---------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,170,672
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
7,471,174 (See Item 5)
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.8%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</page><page>
- ------------------------------ --------------------
CUSIP NO. 58047P107 SCHEDULE 13D/A PAGE 7 of 12 Pages
- ------------------------------ --------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Lyrical Partners, L.P.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
---------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,169,739
OWNED BY ---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
---------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,169,739
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
7,471,174 (See Item 5)
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.8%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA
- -------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</page><page>
- ------------------------------ --------------------
CUSIP NO. 58047P107 SCHEDULE 13D/A PAGE 8 of 12 Pages
- ------------------------------ --------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Jeffrey Keswin
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
---------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,169,739
OWNED BY ---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
---------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,169,739
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
7,471,174 (See Item 5)
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.8%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
</page><page>
- ------------------------------ --------------------
CUSIP NO. 58047P107 SCHEDULE 13D/A PAGE 9 of 12 Pages
- ------------------------------ --------------------
Item 1. Security and Issuer.
This Amendment No. 4 ("Amendment No. 4") is filed with respect to
shares of common stock, $0.01 par value per share (the "Common Stock"), of MCG
Capital Corporation, a Delaware corporation (the "Issuer"), beneficially owned
by the Reporting Persons (as defined in previous amendments hereto) as of May
12, 2009 and amends and supplements the Schedule 13D filed on November 20, 2008,
as heretofore amended (the "Schedule 13D"). Except as set forth herein, the
Schedule 13D is unmodified.
Item 4. Purpose of Transaction.
Item 4 is hereby amended and restated to include the following penultimate
paragraphs:
Springbok, Soundpost, Lyrical and Gavin Saitowitz have amended the
Amended and Restated Term Sheet to effect the following changes: (i) the fourth
installment of the professional service fee payable to Springbok by Soundpost
and Lyrical pursuant to the Amended and Restated Term Sheet was increased from
$87,500 to $196,000; (ii) the Tag Along Rights provisions of the Amended and
Restated Term Sheet were abandoned, however the parties maintained the right to
reinstate such Tag Along Rights provisions by written notice; and (iii) the
parties agreed that Springbok's right to a payment equal to 5% of each of
Soundpost's and Lyrical's aggregate realized profits on their shares of the
Issuer's Common Stock will be paid out and such right will be terminated with
respect to the future.
The foregoing description of the amendments is a summary only and
is qualified in its entirety by reference to such amendments, which are
attached hereto as Exhibit 99.12. The Amended and Restated Term Sheet is
attached as Exhibit 99.5 to the Schedule 13D filed on November 20, 2008. All
such documents are incorporated herein by reference.
Item 5. Interest in Securities of the Company.
Paragraphs (a) through (d) of Item 5 are hereby amended and restated in their
entirety as follows:
(a) As of the close of business on May 12, 2009, the Springbok
Entities, together with Gavin Saitowitz, beneficially owned an aggregate of
1,130,763 shares of Common Stock (consisting of (i) 418,212 shares of Common
Stock deemed beneficially owned by Springbok, as the investment manager of
Springbok Onshore, the beneficial owner of 94,414 shares, and Springbok
Offshore, the beneficial owner of 323,788 shares, (ii) 711,551 shares of Common
Stock beneficially owned by Springbok LLC and (iii) 1,000 shares of Common Stock
beneficially owned by Gavin Saitowitz individually), constituting approximately
1.5% of the total Common Stock outstanding; Soundpost, together with Jaime
Lester, beneficially owned an aggregate of 3,170,672 shares of Common Stock
(consisting of (i) 2,028,854 shares beneficially owned by Soundpost Onshore and
(ii) 1,141,818 shares beneficially owned by Soundpost Offshore), constituting
approximately 4.2% of the total Common Stock outstanding; and Lyrical, together
with Jeffrey Keswin, beneficially owned an aggregate of 3,169,739 shares of
Common Stock (consisting of (i) 1,488,300 shares beneficially owned by Lyrical
Onshore and (ii) 1,681,439 shares beneficially owned by Lyrical Offshore),
constituting approximately 4.2% of the total Common Stock outstanding. As
disclosed in the Schedule 13D, Springbok, Lyrical and Soundpost entered into an
Amended and Restated Term Sheet, filed as Exhibit 99.5 to the Schedule 13D,
which conferred upon the parties certain rights and obligations with regard to
the Common Stock owned by the Reporting Persons. As a result, the Reporting
Persons may be deemed to beneficially own an aggregate of 9.8% of the Issuer's
Common Stock. The aggregate percentage of Shares beneficially owned is based
upon 76,019,889 shares of Common Stock outstanding as of May 5, 2009 as reported
in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended
March 31, 2009.
</page><page>
- ------------------------------ --------------------
CUSIP NO. 58047P107 SCHEDULE 13D/A PAGE 10 of 12 Pages
- ------------------------------ --------------------
(b) The Reporting Persons have shared voting and dispositive power
over the 1,129,763 shares of Common Stock deemed beneficially owned by the
Springbok Entities (excluding the 1,000 shares held individually by Gavin
Saitowitz), the 3,170,672 shares of Common Stock deemed beneficially owned by
Soundpost and the 3,169,739 shares of Common Stock deemed beneficially owned by
Lyrical. Gavin Saitowitz has sole voting and dispositive power over the 1,000
shares of Common Stock he beneficially owns individually.
(c) Information concerning transactions in shares of the Issuer's
Common Stock effected by the Reporting Persons since the filing of Amendment No.
3 to the Schedule 13D is attached hereto as Appendix A and is incorporated
herein by reference.
(d) Springbok's right to receive a percentage of each of Soundpost's
and Lyrical's respective aggregate realized profits was terminated as described
in Item 4.
To the best knowledge of the Reporting Persons, no person (other than
the Reporting Persons) has the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of, the shares of the
Issuer's Common Stock in connection with the transactions described herein.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Company.
Item 6 is hereby amended and restated to include the following final paragraph:
Springbok, Soundpost, Lyrical and Gavin Saitowitz entered into
amendments of the Amended and Restated Term Sheet as described above herein at
Item 4 and attached hereto as Exhibit 99.12.
Item 7. Material to be Filed as Exhibits.
Exhibit 99.12 - Amendments to the Amended and Restated Term Sheet by and among
Springbok, Soundpost, Lyrical and Gavin Saitowitz.
</page><page>
- ------------------------------ --------------------
CUSIP NO. 58047P107 SCHEDULE 13D/A PAGE 11 of 12 Pages
- ------------------------------ --------------------
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: May 13, 2009
SPRINGBOK CAPITAL MANAGEMENT, LLC
By: /s/ Gavin Saitowitz
-------------------------------
Name: Gavin Saitowitz
Title: Managing Member
SPRINGBOK CAPITAL ONSHORE, LLC
By: /s/ Gavin Saitowitz
-------------------------------
Name: Gavin Saitowitz
Title: Managing Member
SOUNDPOST PARTNERS, LP
By: /s/ Jaime Lester
-------------------------------
Name: Jaime Lester
Title: Managing Member
LYRICAL PARTNERS, L.P.
By: /s/ Jeffrey Keswin
-------------------------------
Name: Jeffrey Keswin
Title: Managing Partner
/s/ Gavin Saitowitz
----------------------------------
Gavin Saitowitz
/s/ Jaime Lester
----------------------------------
Jaime Lester
/s/ Jeffrey Keswin
----------------------------------
Jeffrey Keswin
</page><page>
- ------------------------------ --------------------
CUSIP NO. 58047P107 SCHEDULE 13D/A PAGE 12 of 12 Pages
- ------------------------------ --------------------
APPENDIX A
TRANSACTIONS IN THE ISSUER'S COMMON STOCK BY THE REPORTING PERSONS(1)
SINCE THE FILING OF AMENDMENT NO. 3 TO THE SCHEDULE 13D
The following tables set forth all transactions in Common Stock of the Issuer
effected since the filing of Amendment No. 3 to the Schedule 13D by each of the
Reporting Persons, as applicable. Unless otherwise noted, all such transactions
were effected in the open market with the personal or corporate funds of the
respective Reporting Person. The shares are held in either cash accounts or
margin accounts in the ordinary course of business, and otherwise, no part of
the purchase price or market value of such shares is represented by funds
borrowed or otherwise obtained for the purpose of acquiring or holding such
securities.
Soundpost Capital, LP
Trade Date Amount Purchased (Sold) Price per Share ($)
5/08/09 (13,177) 2.26
5/08/09 (148) 2.26
5/08/09 148 2.17
5/11/09 (9,656) 2.16
5/12/09 (20,488) 2.28
Soundpost Capital Offshore, Ltd.
Trade Date Amount Purchased (Sold) Price per Share ($)
5/08/09 (4,623) 2.26
5/08/09 (52) 2.26
5/08/09 52 2.17
5/11/09 (3,358) 2.16
5/12/09 (7,124) 2.28
Lyrical Opportunity Partners, II, Ltd.
Trade Date Amount Purchased (Sold) Price per Share ($)
5/12/09 (25,000) 2.28
(1) Includes accounts under management of the Reporting Persons which have
purchased or sold the Issuer's securities during the relevant period.
</page></text>
</description></document>
<document>
<type>EX-99
</type><sequence>2
</sequence><filename>p09-1013exh99_12.txt
</filename><description>EXHIBIT 99.12
<text>
May 11, 2009
Lyrical Partners, L.P.
Soundpost Partners, LP
Gentlemen:
Reference is made to the Amended and Restated Term Sheet (the "Term Sheet")
dated November 19, 2008 between Springbok Capital Management, LLC, Soundpost
Partners, LP, Lyrical Partners, L.P. and Gavin Saitowitz. Capitalized terms used
herein and not otherwise defined have the meanings given to them in the Term
Sheet.
For ten dollars and other good and valuable consideration, the receipt and
adequacy of which hereby are acknowledged, Springbok, the Co-Venturing Parties
and Gavin Saitowitz agree as follows, effective immediately:
1. The fourth installment of the professional service fee payable by the
Co-Venturing Parties to Springbok shall be increased from $87,500 to
$196,000.
2. The Tag Along Rights provisions specified in the Term Sheet shall not
be in effect unless Springbok notifies the Co-Venturing Parties or the
Co-Venturing Parties notify Springbok, in writing, that such rights
shall resume.
In all other respects, the Term Sheet shall remain in full force and effect.
Very truly yours,
SPRINGBOK CAPITAL MANAGEMENT, LLC
By: /s/ Gavin Saitowitz
-----------------------
Gavin Saitowitz
AGREED AND ACCEPTED:
SOUNDPOST PARTERS, LP
By: /s/ Jaime Lester
---------------------
Jaime Lester
Managing Member
LYRICAL PARTNERS, L.P.
By: /s/ Jeffrey Keswin
--------------------
Jeffrey Keswin
Managing Partner
<page>
April 30, 2009
Lyrical Partners, L.P.
Soundpost Partners, LP
Gentlemen:
Reference is made to the Amended and Restated Term Sheet (the "Term Sheet")
dated November 19, 2008 between Springbok Capital Management, LLC, Soundpost
Partners, LP, Lyrical Partners, L.P. and Gavin Saitowitz. Capitalized terms used
herein and not otherwise defined have the meanings given to them in the Term
Sheet.
For ten dollars and other good and valuable consideration, the receipt and
adequacy of which hereby are acknowledged, Springbok, the Co-Venturing Parties
and Gavin Saitowitz agree that the payment specified in the Term Sheet equal to
5% of each of the Co-Venturing Parties' respective aggregate realized profits on
its MCG common stock, shall be determined using the closing price of MCG common
stock as of the date hereof. Based on that $1.76 per share closing price, the
payment shall be $307,368. There shall be no adjustment to this payment based
upon market fluctuations hereafter or on the profits actually realized by the
Co-Venturing Parties.
In all other respects, the Term Sheet shall remain in full force and effect.
Very truly yours,
SPRINGBOK CAPITAL MANAGEMENT, LLC
By: /s/ Gavin Saitowitz
-----------------------
Gavin Saitowitz
AGREED AND ACCEPTED:
SOUNDPOST PARTERS, LP
By: /s/ Jaime Lester
---------------------
Jaime Lester
Managing Member
LYRICAL PARTNERS, L.P.
By: /s/ Jeffrey Keswin
--------------------
Jeffrey Keswin
Managing Partner
</page></text>
</description></document>
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