SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
STEEL DYNAMICS, INC.
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(Name of Issuer)
Common Stock, $.01 par value per share
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(Title of Class of Securities)
858119100
---------
(CUSIP Number)
December 31, 2002
-----------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] 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 ("Exchange 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 1 of __ Pages
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CUSIP NO. 858119100 13G PAGE 2 OF __ PAGES
--------------------------------------- ------------------------------------
---------------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
General Electric Capital Corporation
13-1500700
---------------- ------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
---------------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------- ------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------------- ------------- ------------------------------------------------------------------------------------
5 SOLE VOTING POWER
471,500
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
-------------------------------- ------------- ------------------------------------------------------------------------------------
6 SHARED VOTING POWER
436,150 (includes all shares beneficially owned by GE Capital CFE, Inc.)
-------------------------------- ------------- ------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
471,500
-------------------------------- ------------- ------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
436,150 (includes all shares beneficially owned by GE Capital CFE, Inc.)
---------------- ------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
907,650 (includes all shares beneficially owned by GE Capital CFE, Inc.)
---------------- ------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------------- ------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.9%
---------------- ------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
---------------- ------------------------------------------------------------------------------------------------------------------
Page 2 of __ Pages
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CUSIP NO. 858119100 13G PAGE 3 OF __ PAGES
--------------------------------------- ------------------------------------
---------------- ------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GE Capital CFE, Inc.
06-1471032
---------------- ------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
---------------- ------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------- ------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------------- ------------- ------------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
-------------------------------- ------------- ------------------------------------------------------------------------------------
6 SHARED VOTING POWER
436,150
-------------------------------- ------------- ------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
-------------------------------- ------------- ------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
436,150
---------------- ------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
436,150
---------------- ------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------------- ------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.9%
---------------- ------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
---------------- ------------------------------------------------------------------------------------------------------------------
Page 3 of __ Pages
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CUSIP NO. 858119100 13G PAGE 4 OF __ PAGES
--------------------------------------- ------------------------------------
----------------- -----------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
General Electric Capital Services, Inc.
06-1109503
----------------- -----------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
----------------- -----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
----------------- -----------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
---------------------------------- ------------- ----------------------------------------------------------------------------------
5 SOLE VOTING POWER
Disclaimed (see 9 below)
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
---------------------------------- ------------- ----------------------------------------------------------------------------------
6 SHARED VOTING POWER
Disclaimed (see 9 below)
---------------------------------- ------------- ----------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
Disclaimed (see 9 below)
---------------------------------- ------------- ----------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
Disclaimed (see 9 below)
----------------- -----------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Beneficial ownership of all shares is disclaimed by
General Electric Capital Services, Inc.
----------------- -----------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
----------------- -----------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Not applicable (see 9 above)
----------------- -----------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
----------------- -----------------------------------------------------------------------------------------------------------------
Page 4 of __ Pages
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CUSIP NO. 858119100 13G PAGE 5 OF __ PAGES
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---------------- -----------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
General Electric Company
14-0689340
---------------- -----------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
---------------- -----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------- -----------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
-------------------------------- ------------- -----------------------------------------------------------------------------------
5 SOLE VOTING POWER
Disclaimed (see 9 below)
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
-------------------------------- ------------- -----------------------------------------------------------------------------------
6 SHARED VOTING POWER
Disclaimed (see 9 below)
-------------------------------- ------------- -----------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
Disclaimed (see 9 below)
-------------------------------- ------------- -----------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
Disclaimed (see 9 below)
---------------- -----------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Beneficial ownership of all shares is disclaimed by General
Electric Company.
---------------- -----------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------------- -----------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Not applicable (see 9 above)
---------------- -----------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
---------------- -----------------------------------------------------------------------------------------------------------------
Page 5 of __ Pages
This Amendment No. 2 amends and restates in its entirety the
statement on Schedule 13G (the "Schedule 13G") filed on February 14, 1997, as
amended, by and on behalf of General Electric Capital Corporation, a Delaware
corporation ("GE Capital"), GE Capital CFE, Inc, a Delaware corporation ("CFE"),
General Electric Capital Services, Inc., a Delaware corporation ("GECS"), and
General Electric Company, a New York corporation ("GE").
ITEM 1(A). NAME OF ISSUER:
Steel Dynamics, Inc., an Indiana corporation (the "Issuer")
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
6714 Pointe Inverness Way, Suite 200, Fort Wayne, IN 46804
ITEM 2(A). NAME OF PERSON FILING:
This statement is being filed by each of:
General Electric Capital Corporation;
GE Capital CFE, Inc.;
General Electric Capital Services, Inc.; and
General Electric Company.
CFE is a wholly-owned subsidiary of GE Capital. GE Capital is a
subsidiary of GECS. GECS is a wholly-owned subsidiary of GE.
GE Capital, CFE, GECS and GE are referred to herein collectively as
the "Reporting Persons".
An agreement among the Reporting Persons that this statement be filed
on behalf of each of them is attached hereto as Exhibit A.
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
The principal business offices of GE Capital, CFE and GECS are
located at 260 Long Ridge Road, Stamford, Connecticut 06927. GE's principal
business office is located at 3135 Easton Turnpike, Fairfield, Connecticut
06431.
ITEM 2(C). CITIZENSHIP:
Each of GE Capital, CFE and GECS is a Delaware corporation. GE is a
New York corporation.
ITEM 2(D). TITLE AND CLASS OF SECURITIES:
Common Stock, $.01 par value per share, of the Issuer ("Common Stock")
ITEM 2(E). CUSIP NUMBER:
85811910
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B) OR 13D-2(B) OR (C),
CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under Section 15 of the
Exchange Act
(b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act
Page 6 of __ Pages
(c) [ ] Insurance company as defined in Section 3(a)(19) of the
Exchange Act
(d) [ ] Investment company registered under Section 8 of the
Investment Company Act of 1940
(e) [ ] An investment adviser in accordance with Rule 13d-1(b)(1)
(ii)(E)
(f) [ ] An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F)
(g) [ ] A parent holding company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G)
(h) [ ] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act
(i) [ ] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the
Investment Company Act
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J)
If this statement is filed pursuant to Rule 13d-1(c), check this box. [ ]
ITEM 4. OWNERSHIP.
(a) The responses of the Reporting Persons to Row (9) of the cover
pages of this Schedule 13G are incorporated herein by reference.
(b) The responses of the Reporting Persons to Row (11) of the cover
pages of this Schedule 13G are incorporated herein by reference. As of December
31, 2002, GE Capital and CFE beneficially owned in the aggregate 907,650 shares
of Common Stock, representing approximately 1.9% of the shares of Common Stock
issued and outstanding determined in accordance with Rule 13d-3(d)(1) (based on
47,556,779 shares of Common Stock reported as outstanding as of November 5, 2002
by the Issuer in its Quarterly Report on Form 10-Q filed November 14, 2002).
(c) The responses of the Reporting Persons to Rows (5) through (8) of
the cover pages of this Schedule 13G are incorporated herein by reference.
Each of GECS and GE hereby expressly disclaims beneficial ownership
of the shares of Common Stock owned by GE Capital and CFE.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
If this statement is being filed to report the fact that as of the
date hereof the Reporting Persons have ceased to be the beneficial owner of more
than five percent of Common Stock, check the following [X].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
N/A
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
N/A
Page 7 of __ Pages
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
N/A
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
N/A
ITEM 10. CERTIFICATION.
(a) N/A
(b) N/A
Page 8 of __ 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: February 14, 2003
GENERAL ELECTRIC CAPITAL CORPORATION
By: /s/ Richard B. Silva
---------------------------------------------------
Name: Richard B. Silver
Title: Vice President
GE CAPITAL CFE, INC.
By: /s/ Timothy G. Kelly
---------------------------------------------------
Name: Timothy G. Kelly
Title: Vice President
GENERAL ELECTRIC CAPITAL SERVICES, INC.
By: /s/ Amy Fisher
---------------------------------------------------
Name: Amy Fisher
Title: Attorney-in-fact
GENERAL ELECTRIC COMPANY
By: /s/ Amy Fisher
---------------------------------------------------
Name: Amy Fisher
Title: Attorney-in-fact
Page 9 of __ Pages
EXHIBIT INDEX
EXHIBIT DESCRIPTION
------- -----------
A Joint Filing Agreement, dated February 14,
2003, among GE Capital, CFE, GECS and GE.
B Power of Attorney, dated as of March 12, 2002,
appointing Amy Fisher as attorney-in-fact for
General Electric Company.
C Power of Attorney, dated as of March 13, 2002,
appointing Amy Fisher as attorney-in-fact for
General Electric Capital Services, Inc.
Page 10 of __ Pages