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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
METROCALL HOLDINGS, INC.
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(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
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(Title of class of securities)
59164X 10 5
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(CUSIP number)
JOSEPH A. ORLANDO
VICE PRESIDENT AND CHIEF FINANCIAL OFFICER
LEUCADIA NATIONAL CORPORATION
315 PARK AVENUE SOUTH
NEW YORK, NEW YORK 10010
WITH A COPY TO:
ANDREA A. BERNSTEIN, ESQ.
WEIL, GOTSHAL & MANGES LLP
767 FIFTH AVENUE
NEW YORK, NEW YORK 10153
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(Name, address and telephone number of person
authorized to receive notices and communications)
NOVEMBER 18, 2003
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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 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
[_].
Note: Schedules filed in paper format shall include a signed original and five
copies of the Schedule, including all exhibits.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purposes of Section 18 of the Securities Exchange Act of
1934 (the "Exchange Act") or otherwise subject to the liabilities of that
section of the Exchange Act but shall be subject to all other provisions of the
Exchange Act.
(Continued on following pages)
Page 1
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CUSIP No. 59164X 10 5 13D
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---------------------- ----------------------------------------------------------- ------------------------------------------------
1 NAME OF REPORTING PERSON: WebLink Wireless, Inc.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
---------------------- ------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x]
(b) [_]
---------------------- ------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------------- ------------------------------------- ----------------------------------------------------------------------
4 SOURCE OF FUNDS: OO (see Item 3)
---------------------- ------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
---------------------- ----------------------------------------------------------- ------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
----------------------------------- -------- ---------------------------------------------------- ---------------------------------
NUMBER OF 7 SOLE VOTING POWER: -0-
SHARES
-------- ---------------------------------------------------- ---------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 525,000 (see Item 5)
OWNED BY
-------- ---------------------------------------------------- ---------------------------------
EACH 9 SOLE DISPOSITIVE POWER: -0-
REPORTING
-------- ---------------------------------------------------- ---------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 525,000 (see Item 5)
---------------------- -------------------------------------------------------------------------- ---------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 525,000 (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): 9.57%
---------------------- ----------------------------------------------------------- ------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
---------------------- ----------------------------------------------------------- ------------------------------------------------
2
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CUSIP No. 59164X 10 5 13D
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---------------------- ----------------------------------------------------------- ------------------------------------------------
1 NAME OF REPORTING PERSON: WebLink Wireless, LP
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
---------------------- ------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x]
(b) [_]
---------------------- ------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------------- ------------------------------------- ----------------------------------------------------------------------
4 SOURCE OF FUNDS: OO (see Item 3)
---------------------- ------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
---------------------- ----------------------------------------------------------- ------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Texas
----------------------------------- -------- ---------------------------------------------------- ---------------------------------
NUMBER OF 7 SOLE VOTING POWER: -0-
SHARES
-------- ---------------------------------------------------- ---------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 525,000 (see Item 5)
OWNED BY
-------- ---------------------------------------------------- ---------------------------------
EACH 9 SOLE DISPOSITIVE POWER: -0-
REPORTING
-------- ---------------------------------------------------- ---------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 525,000 (see Item 5)
---------------------- -------------------------------------------------------------------------- ---------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 525,000 (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): 9.57%
---------------------- ----------------------------------------------------------- ------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
---------------------- ----------------------------------------------------------- ------------------------------------------------
3
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CUSIP No. 59164X 10 5 13D
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---------------------- ----------------------------------------------------------- ------------------------------------------------
1 NAME OF REPORTING PERSON: Leucadia National Corporation
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
---------------------- ------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x]
(b) [_]
---------------------- ------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------------- ------------------------------------- ----------------------------------------------------------------------
4 SOURCE OF FUNDS: OO (see Item 3)
---------------------- ------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
---------------------- ----------------------------------------------------------- ------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: New York
----------------------------------- -------- ---------------------------------------------------- ---------------------------------
NUMBER OF 7 SOLE VOTING POWER: -0-
SHARES
-------- ---------------------------------------------------- ---------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 525,000 (see Item 5)
OWNED BY
-------- ---------------------------------------------------- ---------------------------------
EACH 9 SOLE DISPOSITIVE POWER: -0-
REPORTING
-------- ---------------------------------------------------- ---------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 525,000 (see Item 5)
---------------------- -------------------------------------------------------------------------- ---------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 525,000 (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): 9.57%
---------------------- ----------------------------------------------------------- ------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
---------------------- ----------------------------------------------------------- ------------------------------------------------
4
Item 1. Security and Issuer.
-------------------
This Statement on Schedule 13D relates to the common stock, $0.01 par
value per share (the "Metrocall Common Stock"), of Metrocall Holdings, Inc., a
Delaware corporation ("Metrocall"). The address of the principal executive
office of Metrocall is 6677 Richmond Highway, Alexandria, Virginia.
Item 2. Identity and Background.
-----------------------
This Statement is being filed by Leucadia National Corporation
("Leucadia") and its subsidiaries, WebLink Wireless, Inc. ("WebLink Inc.") and
WebLink Wireless I, LP ("Weblink LP" and collectively with Leucadia and WebLink
Inc., the "Beneficial Owners"). As discussed in Item 5 below, the Beneficial
Owners are members of a group with respect to the Metrocall Common Stock.
(a)-(c) WebLink Inc. is a Delaware corporation with its principal
office at 3333 Lee Parkway, Suite 100, Dallas, Texas 75219. Subject to the
transaction being reported in this Schedule 13D, WebLink Inc., through its
subsidiary WebLink LP, was a wireless messaging and paging provider.
Approximately 80.2% of the outstanding common stock of WebLink Inc. is owned by
Leucadia.
WebLink LP is a Texas limited partnership with its principal office
at 3333 Lee Parkway, Suite 100, Dallas, Texas 75219. Subject to the transaction
being reported in this Schedule 13D, WebLink LP was a wireless messaging and
paging provider. The general partner of WebLink LP is WebLink Inc. and the
limited partners are PageMart PCS, Inc., PageMart II, Inc., Telephone North,
Inc. and Leucadia Link, Ltd.
Leucadia is a New York corporation with its principal office at 315
Park Avenue South, New York, New York 10010. Leucadia is a diversified holding
company engaged in a variety of businesses, including telecommunications,
banking and lending, manufacturing, real estate activities, winery operations,
development of a copper mine and property and casualty reinsurance.
Approximately 26.5% of the common shares of Leucadia outstanding at November 12,
2003 (including shares issuable pursuant to currently exercisable warrants) is
beneficially owned (directly and through family members) by Ian M. Cumming,
Chairman of the Board of Directors of Leucadia, and Joseph S. Steinberg, a
director and President of Leucadia (excluding an additional 1.6% of the common
shares of Leucadia beneficially owned by trusts for the benefit of Mr.
Steinberg's children, as to which Mr. Steinberg disclaims beneficial ownership).
Private charitable foundations independently established by each of Messrs.
Cumming and Steinberg each beneficially own less than one percent of the
outstanding common shares of Leucadia. Mr. Cumming and Mr. Steinberg each
disclaim beneficial ownership of the common shares of Leucadia held by their
respective private charitable foundations. Mr. Cumming and Mr. Steinberg have an
oral agreement pursuant to which they will consult with each other as to the
election of a mutually acceptable Board of Directors of Leucadia.
5
The following information with respect to each executive officer and
director, if any, of the Beneficial Owners is set forth in Schedule A hereto:
(i) name, (ii) business address, (iii) citizenship, (iv) present principal
occupation or employment and (v) name of any corporation or other organization
in which such employment is conducted.
Additional information is included in the response to Item 3 of this
Schedule 13D, which Item is incorporated herein by reference.
(d)-(f) During the last five years, none of the Beneficial Owners
and, to their knowledge, none of the other persons identified pursuant to
Paragraphs (a) through (c) of this Item 2, has been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) or was a party
to a civil proceeding of a judicial or administrative body of competent
jurisdiction as a result of which such person 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 finding any
violation with respect to such laws. To the knowledge of the Beneficial Owners,
each of the individuals identified pursuant to Paragraphs (a) through (c) of
this Item 2 is a United States citizen.
Item 3. Source and Amount of Funds or Other Consideration.
-------------------------------------------------
On November 18, 2003, pursuant to an asset purchase agreement among
WebLink LP, WebLink Inc. Metrocall, Inc., a Delaware corporation ("Metrocall
Inc.") and Metrocall (the "Asset Purchase Agreement"), WebLink Inc. sold the
substantial majority of its operating assets relating to its narrowband wireless
data network in the United States to Metrocall. In addition, Metrocall,
Metrocall Inc., Weblink Inc., WebLink LP, PageMart II Holdings LLC and PageMart
PCS Holdings LLC entered into a Management and Spectrum Lease Agreement dated
November 18, 2003 (the "Management Agreement") under which WebLink LP will
provide certain services and lease to Metrocall the spectrum usage rights
granted under FCC licenses pending the FCC's approval of the transfer of such
licenses to Metrocall. As consideration for these transactions WebLink LP
received 500,000 shares of Metrocall Common Stock and two warrants to purchase
an aggregate of 125,000 shares of Metrocall Common Stock (each individually a
"Warrant" and collectively, the "Warrants"). One of the Warrants entitles
WebLink LP to immediately purchase 25,000 shares of Metrocall Common Stock at an
exercise price of $40 per share. The second Warrant entitles WebLink LP to
purchase 100,000 shares of Metrocall Common Stock at an exercise price of $40
per share, with the right to purchase these shares vesting annually in equal
increments of 25,000 shares of Metrocall Common Stock commencing on November 18,
2004; however any unvested rights to purchase Metrocall Common Stock will vest
immediately upon receipt of approval of the Federal Communications Commission
(the "FCC") of the transfer of such licenses to Metrocall.
The summaries contained in this Schedule 13D of certain provisions of
the Asset Purchase Agreement and the Management Agreement are qualified in their
entirety by reference to the Asset Purchase Agreement and the Management
Agreement, copies of which are filed as exhibits hereto and are incorporated
herein by reference.
6
Item 4. Purpose of the Transaction.
--------------------------
WebLink Inc.'s purpose in entering into this transaction was to
receive fair value for the sale of the substantial majority of its operating
assets. WebLink Inc. received a large equity position in Metrocall that WebLink
Inc. believes should allow it to realize the benefits of Metrocall's scale and
benefit from the ability to strip out redundant operating costs.
Subject to and depending upon availability at prices deemed favorable
by the Beneficial Owners, the Beneficial Owners, directly or through their
respective subsidiaries, may liquidate their interest in the securities of
Metrocall or purchase additional shares of Metrocall Common Stock, in either
case from time to time in the open market, in privately negotiated transactions
with third parties or otherwise.
Additional information is included in the response to Item 3 of this
Schedule 13D, which Item is incorporated herein by reference.
Except as set forth above, the Beneficial Owners have no present
plans or intentions which would result in or relate to any of the transactions
described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.
Item 5. Interest in Securities of the Issuer.
------------------------------------
(a) As of November 18, 2003, the Beneficial Owners beneficially owned
the following shares of Metrocall Common Stock:
(i) WebLink LP is the direct owner of 500,000 shares of Metrocall
Common Stock and an immediately exercisable Warrant to purchase 25,000 shares of
Metrocall Common Stock representing approximately 9.57% of the 5,486,160 shares
of Metrocall Common Stock outstanding after giving effect to issuances of
Metrocall Common Stock and the immediately exercisable Warrant pursuant to the
Asset Purchase Agreement and Management Agreement (the "Outstanding Shares").
(ii) By virtue of being the general partner of WebLink LP, for
purposes of this Schedule 13D, WebLink Inc. may be deemed to share voting and
dispositive power with respect to the shares of Metrocall Common Stock and the
immediately exercisable Warrant, each owned of record by WebLink LP, and
therefore may be deemed to be a beneficial owner of all of the shares of
Metrocall Common Stock and the immediately exercisable Warrant beneficially
owned by WebLink LP.
(iii) By virtue of its ownership of approximately 80.2% of the
outstanding shares of WebLink Inc., for purposes of this Schedule 13D, Leucadia
may be deemed to share voting and dispositive power with respect to the shares
of Metrocall Common Stock and the immediately exercisable Warrant beneficially
owned by WebLink Inc., and therefore may be deemed to be a beneficial owner of
all of the shares of Metrocall Common Stock and the immediately exercisable
Warrant beneficially owned by WebLink Inc.
7
(iv) By virtue of their ownership of Leucadia common shares and their
positions as Chairman of the Board, and President and a director, respectively,
of Leucadia, for purposes of this Schedule 13D, Mr. Cumming and Mr. Steinberg
may be deemed to share voting and dispositive powers with respect to the shares
of Metrocall Common Stock and the immediately exercisable Warrant beneficially
owned by Leucadia and therefore may be deemed to be beneficial owners of all of
the shares of Metrocall Common Stock and the immediately exercisable Warrant
beneficially owned by Leucadia.
(v) Except as set forth in Paragraph (i) through (iv) of this Item
5(a), to the best knowledge of the Beneficial Owners, none of the other persons
identified pursuant to Item 2 above beneficially owns any shares of Metrocall
Common Stock.
(b) Item 5(a) is incorporated herein by reference.
(c) Except as otherwise described herein, none of the persons
identified pursuant to Item 2 above has effected any transactions in Metrocall
Common Stock during the past sixty days.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with
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Respect to Securities of the Issuer.
------------------------------------
Reference is made to the Asset Purchase Agreement, Management
Agreement and Warrants described in Item 3 above, a copy of each of which is
filed as an exhibit hereto and is incorporated herein by reference.
On November 18, 2003, pursuant to the Asset Purchase Agreement,
WebLink LP entered into a registration rights agreement with Metrocall (the
"Registration Rights Agreement") by which Metrocall has granted WebLink LP
certain rights to obligate Metrocall to register for sale under the Securities
Act of 1933, as amended, the shares of Metrocall Common Stock that were issued
to WebLink LP pursuant to the Asset Purchase Agreement and those shares that are
issuable under the terms of each of the Warrants. The Registration Rights
Agreement is filed as an exhibit hereto, and is incorporated herein by
reference.
Item 7. Material to be Filed as Exhibits.
--------------------------------
1. Agreement among the Beneficial Owners with respect to the filing
of this Schedule 13D.
2. Asset Purchase Agreement, dated November 18, 2003, by and among
WebLink LP, WebLink Inc. Metrocall Inc. and Metrocall.
3. Management and Spectrum Lease Agreement dated November 18, 2003,
by and among Metrocall, Metrocall Inc., Weblink Inc., WebLink LP, PageMart II
Holdings LLC and PageMart PCS Holdings LLC.
4. Registration Rights Agreement, dated November 18, 2003, by and
between WebLink LP and Metrocall.
5. Common Stock Purchase Warrant, dated November 18, 2003.
6. Common Stock Purchase Warrant, dated November 18, 2003.
8
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: November 26, 2003
WEBLINK WIRELESS I, L.P.
By: WEBLINK WIRELESS, INC., its general partner
By: /s/ David Larsen
--------------------------------------------------
Name: David Larsen
Title: President and Chief Executive Officer
WEBLINK WIRELESS, INC.
By: /s/ David Larsen
---------------------------------------------------
Name: David Larsen
Title: President and Chief Executive Officer
LEUCADIA NATIONAL CORPORATION
By: /s/ Joseph A. Orlando
--------------------------------------------------
Name: Joseph A. Orlando
Title: Vice President and Chief Financial Officer
9
SCHEDULE A
Directors and Executive Officers of WebLink LP, WebLink Inc. and Leucadia
-------------------------------------------------------------------------
Set forth below are the name, business address, present principal occupation or
employment of each director and executive officer of WebLink Inc. and Leucadia.
While WebLink LP maintains operations and employees, WebLink LP does not have
any directors and executive officers and is managed solely by its general
partner, WebLink Inc. To the knowledge of the Beneficial Owner, each person
listed below is a United States citizen.
For purposes of this Schedule A, WebLink Inc. is "(a)", and Leucadia
is "(b)".
Principal Occupation or
Name and Business Address Directorships Offices Employment
------------------------- ------------- ------- ------------------------
Ian M. Cumming (a) and (b) Chairman of the Board Chairman of the Board of (b)
c/o Leucadia National Corporation of (b)
529 E. South Temple
Salt Lake City, Utah 84102
Joseph S. Steinberg (a) and (b) President of (b) President of (b)
c/o Leucadia National Corporation
315 Park Avenue South
New York, NY 10010
Paul M. Dougan (b) -- President and Chief Executive
c/o Equity Oil Company Officer of Equity Oil Company (a
10 West 300 South company engaged in oil and gas
Salt Lake City, Utah 84102 exploration and production having
an office in Salt Lake City, Utah)
Lawrence D. Glaubinger (b) -- Private Investor; President of
c/o Lawrence Economic Lawrence Economic Consulting Inc.,
Consulting, Inc. (a management consulting firm)
P.O. Box 3567 Hallandale Beach, FL 33008
James E. Jordan (b) -- Managing Director of Arnhold and
c/o Arnhold and S. Bleichroeder Advisors, Inc. S. Bleichroeder Advisors, Inc. (a
1345 Avenue of the Americas company engaged in asset
New York, N.Y. 10105 management services)
10
Principal Occupation or
Name and Business Address Directorships Offices Employment
------------------------- ------------- ------- ------------------------
Jesse Clyde Nichols, III (b) -- Retired Investor
4945 Glendale Road
Westwood Hills, KS 66205
Thomas E. Mara -- Executive Vice President Executive Vice President and
c/o Leucadia National Corporation and Treasurer of (b) Treasurer of (b)
315 Park Avenue South
New York, NY 10010
Joseph A. Orlando (a) Vice President and Chief Vice President and Chief Financial
c/o Leucadia National Corporation Financial Officer of (b) Officer of (b)
315 Park Avenue South
New York, NY 10010
Mark Hornstein -- Vice President and Asst. Vice President and Asst. Secretary
c/o Leucadia National Corporation Secretary of (b) of (b)
315 Park Avenue South
New York, NY 10010
Philip M. Cannella -- Asst. Vice President Asst. Vice President of (b)
c/o Leucadia National Corporation of (b)
315 Park Avenue South
New York, NY 10010
Barbara L. Lowenthal -- Vice President and Vice President and Comptroller of
c/o Leucadia National Corporation Comptroller of (b) (b)
315 Park Avenue South
New York, NY 10010
H. E. Scruggs -- Vice President of (b) Vice President of (b)
c/o Leucadia National Corporation
315 Park Avenue South
New York, NY 10010
Laura E. Ulbrandt -- Secretary of (b) Secretary of (b)
c/o Leucadia National Corporation
315 Park Avenue South
New York, NY 10010
David Larsen (a) President and Chief President and Chief Executive
c/o Leucadia National Corporation Executive Officer of (a) Officer of (a)
315 Park Avenue South
New York, NY 10010
Kelly Prentiss -- Chief Financial Officer of Chief Financial Officer of (a)
c/o WebLink Wireless, Inc. (a)
3333 Lee Parkway, Suite 100, Dallas, Texas
75219
11