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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. __)
AmeriCredit Corp.
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(Name of Issuer)
Common Stock, $0.01 par value
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(Title of class of securities)
03060R101
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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)
January 10, 2008
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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
[ ].
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CUSIP No. 03060R101 13D Page 2
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1 NAME OF REPORTING PERSON: Leucadia National Corporation
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP: (a) [X]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: New York
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7 SOLE VOTING POWER: -0-
--------------------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER: 20,159,300*
SHARES
BENEFICIALLY --------------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER: -0-
EACH
REPORTING --------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 20,159,300*
------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 20,159,300*
REPORTING PERSON:
------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_]
EXCLUDES CERTAIN SHARES:
------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 17.7%*
(11):
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14 TYPE OF REPORTING PERSON: CO
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* Includes (A) 11,316,200 shares of common stock, representing approximately
9.9% of the common stock outstanding as of October 31, 2007, that, for purposes
of this Statement on Schedule 13D, may be deemed to be beneficially owned
pursuant to the terms of a share forward transaction agreement between Baldwin
Enterprises, Inc. and Jefferies & Company, Inc., and (B) an aggregate of
3,250,000 shares of common stock, representing approximately 2.8% of the common
stock outstanding as of October 31, 2007, that, for purposes of this Statement
on Schedule 13D, may be deemed to be beneficially owned pursuant to the terms of
option agreements between RCG Baldwin, L.P. and Lehman Brothers OTC Derivatives
Inc. See Item 6 of this Statement on Schedule 13D for a description of the share
forward transaction and the option transactions.
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CUSIP No. 03060R101 13D Page 3
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1 NAME OF REPORTING PERSON: Phlcorp, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP: (a) [X]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: N/A
------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Pennsylvania
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7 SOLE VOTING POWER: -0-
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NUMBER OF 8 SHARED VOTING POWER: 20,159,300*
SHARES
BENEFICIALLY --------------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER: -0-
EACH
REPORTING --------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 20,159,300*
------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 20,159,300*
REPORTING PERSON:
------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_]
EXCLUDES CERTAIN SHARES:
------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 17.7%*
(11):
------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
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* Includes (A) 11,316,200 shares of common stock, representing approximately
9.9% of the common stock outstanding as of October 31, 2007, that, for purposes
of this Statement on Schedule 13D, may be deemed to be beneficially owned
pursuant to the terms of a share forward transaction agreement between Baldwin
Enterprises, Inc. and Jefferies & Company, Inc., and (B) an aggregate of
3,250,000 shares of common stock, representing approximately 2.8% of the common
stock outstanding as of October 31, 2007, that, for purposes of this Statement
on Schedule 13D, may be deemed to be beneficially owned pursuant to the terms of
option agreements between RCG Baldwin, L.P. and Lehman Brothers OTC Derivatives
Inc. See Item 6 of this Statement on Schedule 13D for a description of the share
forward transaction and the option transactions.
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CUSIP No. 03060R101 13D Page 4
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1 NAME OF REPORTING PERSON: Baldwin Enterprises, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP: (a) [X]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Colorado
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7 SOLE VOTING POWER: -0-
--------------------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER: 20,159,300*
SHARES
BENEFICIALLY --------------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER: -0-
EACH
REPORTING --------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 20,159,300*
------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 20,159,300*
REPORTING PERSON:
------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_]
EXCLUDES CERTAIN SHARES:
------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 17.7%*
(11):
------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
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* Includes (A) 11,316,200 shares of common stock, representing approximately
9.9% of the common stock outstanding as of October 31, 2007, that, for purposes
of this Statement on Schedule 13D, may be deemed to be beneficially owned
pursuant to the terms of a share forward transaction agreement between Baldwin
Enterprises, Inc. and Jefferies & Company, Inc., and (B) an aggregate of
3,250,000 shares of common stock, representing approximately 2.8% of the common
stock outstanding as of October 31, 2007, that, for purposes of this Statement
on Schedule 13D, may be deemed to be beneficially owned pursuant to the terms of
option agreements between RCG Baldwin, L.P. and Lehman Brothers OTC Derivatives
Inc. See Item 6 of this Statement on Schedule 13D for a description of the share
forward transaction and the option transactions.
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CUSIP No. 03060R101 13D Page 5
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1 NAME OF REPORTING PERSON: RCG Baldwin, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP: (a) [X]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: WC
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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
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7 SOLE VOTING POWER: -0-
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NUMBER OF 8 SHARED VOTING POWER: 3,250,000*
SHARES
BENEFICIALLY --------------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER: -0-
EACH
REPORTING --------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 3,250,000*
------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 3,250,000*
REPORTING PERSON:
------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_]
EXCLUDES CERTAIN SHARES:
------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 2.8%*
(11):
------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
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* Consists of an aggregate of 3,250,000 shares of common stock, representing
approximately 2.8% of the common stock outstanding as of October 31, 2007, that,
for purposes of this Statement on Schedule 13D, may be deemed to be beneficially
owned pursuant to the terms of option agreements between RCG Baldwin, L.P. and
Lehman Brothers OTC Derivatives Inc. See Item 6 of this Statement on Schedule
13D for a description of the option transactions.
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CUSIP No. 03060R101 13D Page 6
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1 NAME OF REPORTING PERSON: RCG PB, Ltd
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP: (a) [X]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Cayman Islands
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7 SOLE VOTING POWER: 256,250
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NUMBER OF 8 SHARED VOTING POWER: -0-
SHARES
BENEFICIALLY --------------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER: 256,250
EACH
REPORTING --------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 256,250
REPORTING PERSON:
------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_]
EXCLUDES CERTAIN SHARES:
------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW Less than 1%
(11):
------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
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CUSIP No. 03060R101 13D Page 7
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1 NAME OF REPORTING PERSON: RCG Sextant Master Fund, Ltd.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP: (a) [X]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: WC
------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Cayman Islands
------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: 697,240
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NUMBER OF 8 SHARED VOTING POWER: -0-
SHARES
BENEFICIALLY --------------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER: 697,240
EACH
REPORTING --------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 697,240
REPORTING PERSON:
------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_]
EXCLUDES CERTAIN SHARES:
------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW Less than 1%
(11):
------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
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CUSIP No. 03060R101 13D Page 8
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1 NAME OF REPORTING PERSON: Ramius Advisors, L.L.C.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP: (a) [X]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: OO
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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
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7 SOLE VOTING POWER: 256,250
--------------------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER: -0-
SHARES
BENEFICIALLY --------------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER: 256,250
EACH
REPORTING --------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 256,250
REPORTING PERSON:
------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_]
EXCLUDES CERTAIN SHARES:
------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW Less than 1%
(11):
------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IA, OO
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CUSIP No. 03060R101 13D Page 9
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1 NAME OF REPORTING PERSON: RCG Enterprise, Ltd
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP: (a) [X]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: WC
------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Cayman Islands
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7 SOLE VOTING POWER: 1,046,510
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NUMBER OF 8 SHARED VOTING POWER: -0-
SHARES
BENEFICIALLY --------------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER: 1,046,510
EACH
REPORTING --------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 1,046,510
REPORTING PERSON:
------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_]
EXCLUDES CERTAIN SHARES:
------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW Less than 1%
(11):
------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
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CUSIP No. 03060R101 13D Page 10
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1 NAME OF REPORTING PERSON: Ramius Capital Group, L.L.C.
------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP: (a) [X]
(b) [_]
------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: OO
------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: 2,000,000
--------------------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER: -0-
SHARES
BENEFICIALLY --------------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER: 2,000,000
EACH
REPORTING --------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 2,000,000
REPORTING PERSON:
------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_]
EXCLUDES CERTAIN SHARES:
------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 1.8%
(11):
------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IA, OO
------------------------------------------------------------------------------------------
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CUSIP No. 03060R101 13D Page 11
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1 NAME OF REPORTING PERSON: C4S & Co., L.L.C.
------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP: (a) [X]
(b) [_]
------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: OO
------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: 2,000,000
--------------------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER: -0-
SHARES
BENEFICIALLY --------------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER: 2,000,000
EACH
REPORTING --------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 2,000,000
REPORTING PERSON:
------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_]
EXCLUDES CERTAIN SHARES:
------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 1.8%
(11):
------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
------------------------------------------------------------------------------------------
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CUSIP No. 03060R101 13D Page 12
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1 NAME OF REPORTING PERSON: Peter A. Cohen
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP: (a) [X]
(b) [_]
------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: OO
------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: USA
------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: -0-
--------------------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER: 2,000,000
SHARES
BENEFICIALLY --------------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER: -0-
EACH
REPORTING --------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 2,000,000
------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 2,000,000
REPORTING PERSON:
------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_]
EXCLUDES CERTAIN SHARES:
------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 1.8%
(11):
------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
------------------------------------------------------------------------------------------
-------------------------------------------- -------------------------------------
CUSIP No. 03060R101 13D Page 13
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1 NAME OF REPORTING PERSON: Morgan B. Stark
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP: (a) [X]
(b) [_]
------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: OO
------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: USA
------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: -0-
--------------------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER: 2,000,000
SHARES
BENEFICIALLY --------------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER: -0-
EACH
REPORTING --------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 2,000,000
------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 2,000,000
REPORTING PERSON:
------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_]
EXCLUDES CERTAIN SHARES:
------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 1.8%
(11):
------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
------------------------------------------------------------------------------------------
-------------------------------------------- -------------------------------------
CUSIP No. 03060R101 13D Page 14
-------------------------------------------- -------------------------------------
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1 NAME OF REPORTING PERSON: Thomas W. Strauss
------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP: (a) [X]
(b) [_]
------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: OO
------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: USA
------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: -0-
--------------------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER: 2,000,000
SHARES
BENEFICIALLY --------------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER: -0-
EACH
REPORTING --------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 2,000,000
------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 2,000,000
REPORTING PERSON:
------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_]
EXCLUDES CERTAIN SHARES:
------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 1.8%
(11):
------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
------------------------------------------------------------------------------------------
------------------------------------------------- -------------------------------
CUSIP No. 03060R101 13D Page 15
------------------------------------------------- -------------------------------
------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: Jeffrey M. Solomon
------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP: (a) [X]
(b) [_]
------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: OO
------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [_]
------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: USA
------------------------------------------------------------------------------------------
7 SOLE VOTING POWER: -0-
--------------------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER: 2,000,000
SHARES
BENEFICIALLY --------------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER: -0-
EACH
REPORTING --------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 2,000,000
------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH 2,000,000
REPORTING PERSON:
------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_]
EXCLUDES CERTAIN SHARES:
------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 1.8%
(11):
------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
------------------------------------------------------------------------------------------
ITEM 1. SECURITY AND ISSUER
The title and class of equity security to which this Statement on
Schedule 13D relates is the common stock, $0.01 par value per share (the "Common
Stock"), of AmeriCredit Corp., a Texas corporation (the "Company"). The address
of the principal executive office of the Company is 801 Cherry Street, Suite
3900, Fort Worth, Texas 76102.
ITEM 2. IDENTITY AND BACKGROUND.
This Statement on Schedule 13D is filed by the Leucadia Reporting
Persons and the Ramius Reporting Persons (each as defined below). The Leucadia
Reporting Persons and the Ramius Reporting Persons are sometimes herein referred
to collectively as the "Reporting Persons," and each as a "Reporting Person."
The Leucadia Reporting Persons and the Ramius Reporting Persons each
expressly disclaim beneficial ownership for all purposes of the Common Stock
held by the others. The Reporting Persons have filed this statement solely
because they may be deemed to be a "group" for purposes of Section 13(d) of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"). Each of the
Leucadia Reporting Persons and the Ramius Reporting Persons are solely
responsible for the information contained in this Statement on Schedule 13D
relating to such Reporting Person. Neither the Leucadia Reporting Persons nor
the Ramius Reporting Persons assume any responsibility for information contained
herein with respect to the other Reporting Person.
(1) The Leucadia Reporting Persons.
(a) - (c) and (f) The Leucadia Reporting Persons are Leucadia
National Corporation ("Leucadia"), Phlcorp, Inc. ("Phlcorp"), Baldwin
Enterprises, Inc. ("Baldwin") and RCG Baldwin, L.P. ("RCG Baldwin").
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 manufacturing,
telecommunications, property management and services, gaming entertainment, real
estate activities, medical product development and winery operations. The
Company also owns equity interests in operating businesses and investment
partnerships which are accounted for under the equity method of accounting,
including a broker-dealer engaged in the trading of high yield and special
situation securities, land based contract oil and gas drilling, real estate
activities and development of a copper mine in Spain. Approximately 25.1% of the
common shares of Leucadia outstanding at December 31, 2007 (including shares
issuable pursuant to currently exercisable warrants) are beneficially owned
(directly and through family members and family trusts) by Ian M. Cumming,
Chairman of the Board of Directors of Leucadia, and Joseph S. Steinberg, a
director and President of Leucadia. 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 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.
16
Phlcorp is a Pennsylvania corporation with its principal office at
529 East South Temple, Salt Lake City, Utah 84102. Phlcorp is a holding company
through which Leucadia conducts certain of its operations. All of its
outstanding shares are owned by Leucadia.
Baldwin is a Colorado corporation with its principal office at 529
East South Temple, Salt Lake City, Utah 84102. Baldwin is a holding company
through which Leucadia conducts certain of its operations. All of its
outstanding shares are owned by Phlcorp.
RCG Baldwin is a Delaware limited partnership whose principal
business is making investments utilizing various strategies. The principal
office of RCG Baldwin is c/o Ramius Capital, 666 Third Avenue, 26th Floor, New
York, New York 10017.
The name, business address, present principal occupation or
employment, and citizenship of each director and executive officer of each
Leucadia Reporting Person is set forth on Schedule A hereto.
(d) - (e) During the last five years none of the Leucadia Reporting
Persons, nor, to their knowledge, any of their directors or executive officers,
has been (i) convicted of any criminal proceeding (excluding traffic violations
or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
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.
(2) The Ramius Reporting Persons.
(a) - (c) and (f) The Ramius Reporting Persons are RCG PB, Ltd.
("RCG PB"), RCG Sextant Master Fund, Ltd. ("RCG Sextant"), Ramius Advisors,
L.L.C. ("Ramius Advisors"), RCG Enterprise, Ltd. ("RCG Enterprise"), Ramius
Capital Group, L.L.C. ("Ramius Capital"), C4S & Co., L.L.C. ("C4S"), Peter A.
Cohen, Morgan B. Stark, Thomas W. Strauss and Jeffrey M. Solomon.
RCG PB and RCG Sextant are Cayman Islands exempted companies whose
principal business is making investments utilizing various strategies. Ramius
Advisors is a Delaware limited liability company whose principal business is
money management and investment advisory services for third parties and
proprietary accounts and serves as the investment advisor of RCG PB. RCG
Enterprise is a Cayman Islands exempted company whose principal business is
serving as a private investment fund. Ramius Capital is a Delaware limited
liability company whose principal business is money management and investment
advisory services for third parties and proprietary accounts and is the
investment manager of RCG Enterprise and RCG Sextant and the sole member of
Ramius Advisors. C4S is a Delaware limited liability company which serves as
managing member of Ramius Capital. Mr. Cohen, Mr. Stark, Mr. Strauss and Mr.
Solomon each serves as co-managing member of C4S and each is a citizen of the
United States of America.
The principal office of each Ramius Reporting Person, except RCG
Enterprise, RCG PB and RCG Sextant, is c/o Ramius Capital, 666 Third Avenue,
26th Floor, New York, New York 10017. The address of the principal office of
each of RCG Enterprise, RCG PB and RCG Sextant is c/o Citco Fund Services
(Cayman Islands) Limited, Corporate Center, West Bay Road, Grand Cayman, Cayman
Islands, British West Indies.
17
The name, business address, present principal occupation or
employment, and citizenship of each director and executive officer of each
Ramius Reporting Person is set forth on Schedule B hereto.
(d) - (e) During the last five years none of the Ramius Reporting
Persons, nor, to their knowledge, any of their directors or executive officers,
has been (i) convicted of any criminal proceeding (excluding traffic violations
or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
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.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
(1) The Leucadia Reporting Persons.
The aggregate amount of funds used by Baldwin to purchase the
5,593,100 shares of Common Stock reported herein by the Leucadia Reporting
Persons was $70,094,432, including commissions. All purchases of these shares of
Common Stock were made in open market transactions. In addition, Baldwin paid
$72,989,490 to Jefferies & Company, Inc. ("Jefferies") as a prepayment under the
share forward transaction described in Item 6 of this Statement on Schedule 13D
and incorporated herein by reference. Baldwin will pay Jefferies the balance of
the purchase price under the share forward transaction ($72,989,490) on February
25, 2008 in settlement of the share forward transaction. RCG Baldwin paid
$12,675,000 to Lehman Brothers OTC Derivatives Inc. ("Lehman") as a fee under
option agreements described in Item 6 of this Schedule 13D and incorporated
herein by reference. RCG Baldwin will pay $29,250,000 to Lehman on March 14,
2008 should Baldwin choose to exercise the options described in Item 6 of this
Statement on Schedule 13D. The source of funds used in connection with the
purchase of these shares of Common Stock and these option agreements is
Baldwin's funds available for investment. The information on Schedule A hereto
is incorporated by reference.
(2) The Ramius Reporting Persons.
The aggregate amount of funds used by the Ramius Reporting Persons
to purchase the 2,000,000 shares of Common Stock reported herein by the Ramius
Reporting Persons was $23,636,388, excluding commissions. All purchases of
Common Stock by the Ramius Reporting Persons were made in open market
transactions. All such purchases of Common Stock were funded by working capital,
which may, at any given time, include margin loans made by brokerage firms in
the ordinary course of business.
ITEM 4. PURPOSE OF TRANSACTION.
The Reporting Persons acquired the shares of Common Stock reported
herein to acquire a significant minority interest in the Company. The Reporting
Persons will consider increasing their stake in the Company through open market
purchases or otherwise, depending on the Company's business prospects,
prevailing prices and market conditions from time to time.
Leucadia and the Company's President and Chairman have been
discussing a "standstill" agreement dealing with subject matters customarily
covered in an agreement with a significant minority shareholder.
18
No assurance can be given that a standstill agreement will be
entered into, as to the terms of any such standstill, or that the Reporting
Persons would acquire additional shares of Common Stock even if a standstill
agreement is reached. The Reporting Persons may also dispose of securities of
the Company at any time and from time to time.
On January 4, 2008, in connection with its acquisition of Common
Stock, Leucadia filed the notification required under the Hart-Scott-Rodino
Antitrust Improvements Act of 1976, as amended (the "HSR Act") with the Federal
Trade Commission and the Antitrust Division of the United States Department of
Justice. On January 17, 2008, Leucadia requested early termination of the
waiting period under the HSR Act. The waiting period is expected to expire on
February 4, 2008, unless early termination is granted.
Except as set forth above, neither the Reporting Persons, nor to
their knowledge, any of their respective directors or executive officers, has
any present plan or proposal which relate to or would result in any of the
actions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
As of the close of business on the date of this Statement, the
Reporting Persons may be deemed to beneficially own collectively an aggregate of
22,159,300 shares of Common Stock, representing approximately 19.4% of the
shares of Common Stock presently outstanding. All percentages in this Item 5 are
based on 114,162,314 shares of Common Stock outstanding as of October 31, 2007,
as set forth in the Company's Quarterly Report on Form 10-Q for the quarterly
period ended September 30, 2007. The Leucadia Reporting Persons and the Ramius
Reporting Persons each expressly disclaims beneficial ownership for all purposes
of the Common Stock held by the other Reporting Person. The foregoing does not
include any shares that are subject to the exchange-traded put options reported
in Item 6 hereof.
(1) The Leucadia Reporting Persons.
(a) The responses of the Leucadia Reporting Persons to Rows (7)
through (13) of the cover pages of this Statement on Schedule 13D and the
information on Schedule A hereto are incorporated herein by reference. As of the
close of business on the date of this Statement, the Leucadia Reporting Persons
beneficially owned the following shares of Common Stock:
(i) Baldwin may be deemed to beneficially own an aggregate
of 20,159,300 shares of Common Stock, representing approximately 17.7% of the
shares of Common Stock presently outstanding. This consists of (A) 5,593,100
shares of Common Stock, representing approximately 4.9% of the shares of Common
Stock presently outstanding, that Baldwin owns, (B) 11,316,200 shares of Common
Stock, representing approximately 9.9% of the shares of Common Stock presently
outstanding, that Baldwin may be deemed to beneficially own under Rule 13d-3
pursuant to the terms of the share forward transaction agreement between Baldwin
and Jefferies described in Item 6 of this Statement on Schedule 13D and
incorporated herein by reference, and (C) 3,250,000 shares of Common Stock,
representing approximately 2.8% of the shares of Common Stock presently
outstanding, that Baldwin may be deemed to beneficially own under Rule 13d-3
pursuant to the terms of option agreements between RCG Baldwin and Lehman
described in Item 6 of this Statement on Schedule 13D and incorporated herein by
reference.
19
(ii) By virtue of its ownership of all of the outstanding
shares of Baldwin, for purposes of this Statement on Schedule 13D, Phlcorp may
be deemed to be the beneficial owner of all of the shares of Common Stock
beneficially owned by Baldwin.
(iii) By virtue of its ownership of all of the outstanding
shares of Phlcorp, for purposes of this Statement on Schedule 13D, Leucadia may
be deemed to be the beneficial owner of all of the shares of Common Stock
beneficially owned by Baldwin.
(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 Statement on Schedule 13D, Mr.
Cumming and Mr. Steinberg may be deemed to be the beneficial owners of all of
the shares of Common Stock beneficially owned by Baldwin.
(b) The responses of the Leucadia Reporting Persons to Rows (7)
through (10) of the cover pages of this Statement on Schedule 13D, Item 5(a)
hereof and the information on Schedule A hereto are incorporated herein by
reference. Leucadia, Phlcorp and Baldwin may be deemed to share voting and
dispositive power with respect to the 5,593,100 shares of Common Stock owned by
Baldwin reflected in this Statement on Schedule 13D.
Although the Leucadia Reporting Persons do not currently have
the power to vote or dispose of the 11,316,200 shares of Common Stock that
Leucadia, Phlcorp and Baldwin may be deemed to beneficially own pursuant to the
terms of the share forward transaction agreement between Baldwin and Jefferies
described in Item 6 of this Statement on Schedule 13D and incorporated herein by
reference, Leucadia, Phlcorp and Baldwin may be deemed under Rule 13d-3 to share
voting and dispositive power with respect to the 11,316,200 shares of Common
Stock.
Although the Leucadia Reporting Persons do not currently have
the power to vote or dispose of the 3,250,000 shares of Common Stock that the
Leucadia Reporting Persons may be deemed to beneficially own pursuant to the
terms of option agreements between RCG Baldwin and Lehman described in Item 6 of
this Statement on Schedule 13D and incorporated herein by reference, the
Leucadia Reporting Persons may be deemed under Rule 13d-3 to share voting and
dispositive power with respect to the 3,250,000 shares of Common Stock.
(c) Except as set forth herein or in the attached Schedule C (with
respect to the Leucadia Reporting Persons), the Leucadia Reporting Persons have
not effected any transaction in shares of Common Stock during the sixty (60)
days preceding the date of this Statement.
(d) Not applicable.
(e) Not applicable.
(2) The Ramius Reporting Persons.
(a) The responses of the Ramius Reporting Persons to Rows (7)
through (13) of the cover pages of this Statement on Schedule 13D are
incorporated herein by reference. As of the close of business on the date of
this Statement, the Ramius Reporting Persons beneficially owned the following
shares of Common Stock:
20
(i) RCG PB beneficially owns an aggregate of 256,250 shares
of Common Stock, representing less than 1% of the shares of Common Stock
presently outstanding.
(ii) RCG Sextant beneficially owns an aggregate of 697,240
shares of Common Stock, representing less than 1% of the shares of Common Stock
presently outstanding.
(iii) RCG Enterprise beneficially owns an aggregate of
1,046,510 shares of Common Stock, representing less than 1% of the shares of
Common Stock presently outstanding.
(iv) As investment manager of RCG PB, Ramius Advisors may be
deemed the beneficial owner of the 256,250 shares of Common Stock owned by RCG
PB.
(v) As investment manager of RCG Enterprise and RCG Sextant
and sole member of Ramius Advisors, Ramius Capital may be deemed the beneficial
owner of the 2,000,000 shares of Common Stock owned by RCG Enterprise, RCG
Sextant and RCG PB.
(vi) As the managing member of Ramius Capital, C4S may be
deemed the beneficial owner of the 2,000,000 shares of Common Stock owned by RCG
Enterprise, RCG Sextant and RCG PB.
(vii) As the managing members of C4S, each of Mr. Cohen, Mr.
Stark, Mr. Strauss and Mr. Solomon may be deemed the beneficial owner of the
2,000,000 shares of Common Stock owned by RCG Enterprise, RCG Sextant and RCG
PB.
(b) Each of the Ramius Reporting Persons has sole voting and
dispositive power of the shares of Common Stock reported as beneficially owned
by it in Item 5(a) hereof, except that each of Mr. Cohen, Mr. Stark, Mr. Strauss
and Mr. Solomon has shared voting and dispositive power of the shares of Common
Stock reported as beneficially owned by him in Item 5(a) hereof.
(c) Except as set forth herein or in the attached Schedule D (with
respect to the Ramius Reporting Persons), the Ramius Reporting Persons have not
effected any transaction in shares of Common Stock during the sixty (60) days
preceding the date of this Statement.
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Baldwin and Jefferies have entered into a share forward transaction
agreement, dated January 11, 2008, pursuant to which Baldwin will acquire an
aggregate of 11,316,200 shares of Common Stock at a price of $12.90 per share on
February 25, 2008. Baldwin paid $72,989,490 to Jefferies on January 11, 2008 as
a prepayment and will pay an additional $72,989,490 to Jefferies on settlement
of the share forward transaction. The share forward transaction agreement is
attached hereto as Exhibit 1 and is incorporated herein by reference.
On January 16, 2008, January 18, 2008 and January 22, 2008, RCG
Baldwin and Lehman entered into option agreements pursuant to which RCG Baldwin
has the right to acquire an aggregate of 3,250,000 shares of Common Stock at a
price of $9.00 per share on March 14, 2008 (the "Lehman
21
Options"). RCG Baldwin paid $12,675,000 to Lehman for the Lehman Options. The
form of the option agreements is attached hereto as Exhibit 2 and is
incorporated herein by reference.
RCG Baldwin (which holds the Lehman Options as nominee for Baldwin),
Ramius Advisors, the general partner of RCG Baldwin, and Baldwin have an oral
understanding that Ramius Advisors and RCG Baldwin will not have any interest in
or any decision making authority with respect to the Lehman Options and the
shares of Common Stock underlying the Lehman Options. Baldwin, the sole limited
partner of RCG Baldwin, has sole decision making authority and sole pecuniary
interest with respect to the Lehman Options and the shares of Common Stock
underlying the Lehman Options.
On December 13, 2007 and December 17, 2007, RCG Sextant and RCG
Enterprise sold exchange-traded put options underlying Common Stock, pursuant to
which they are obligated to purchase, but have no right to acquire, an aggregate
of 261,600 shares of Common Stock and 38,400 shares of Common Stock,
respectively, at a price of $7.50 per share. The put options are exercisable by
their holders at any time prior to their expiration on May 17, 2008. RCG Sextant
and RCG Enterprise received $1.15 for each share of Common Stock covered by the
put options.
Pursuant to Rule 13d-1(k) promulgated under the Exchange Act, the
Reporting Persons have entered into an agreement with respect to the joint
filing of this Statement on Schedule 13D, and any amendment or amendments
thereto, a copy of which is attached hereto as Exhibit 3 and incorporated herein
by reference in its entirety.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
EXHIBIT 1 Share Forward Transaction Agreement, dated January 11, 2008,
between Baldwin Enterprises, Inc. and Jefferies & Company,
Inc.
EXHIBIT 2 Form of Option Agreement, between RCG Baldwin, L.P. and Lehman
Brothers OTC Derivatives Inc.
EXHIBIT 3 Agreement as to Joint Filing of Schedule 13D, dated January
22, 2008, by and among Leucadia National Corporation, Phlcorp,
Inc., Baldwin Enterprises, Inc., RCG Baldwin, L.P., RCG PB
Ltd, RCG Sextant Master Fund, Ltd., Ramius Advisors, L.L.C.,
RCG Enterprise, Ltd, Ramius Capital Group, L.L.C., C4S & Co.,
L.L.C., Peter A. Cohen, Morgan B. Stark, Thomas W. Strauss,
and Jeffrey M. Solomon.
22
SIGNATURES
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: January 22, 2008
LEUCADIA NATIONAL CORPORATION
By: /s/ Joseph A. Orlando
----------------------------------------
Name: Joseph A. Orlando
Title: Vice President and Chief Financial
Officer
PHLCORP, INC.
By: /s/ Joseph A. Orlando
----------------------------------------
Name: Joseph A. Orlando
Title: Vice President
BALDWIN ENTERPRISES, INC.
By: /s/ Joseph A. Orlando
----------------------------------------
Name: Joseph A. Orlando
Title: Vice President
RCG BALDWIN, L.P.
By: Ramius Advisors, LLC
Its General Partner
By: Baldwin Enterprises, Inc.
As Attorney-In-Fact
By: /s/ Joseph A. Orlando
----------------------------------------
Name: Joseph A. Orlando
Title: Vice President
RCG PB, LTD
By: Ramius Advisors, L.L.C.
Its Investment Advisor
By: Ramius Capital Group, L.L.C.
As Sole Member
By: C4S & Co., L.L.C.
As Managing Member
23
RCG SEXTANT MASTER FUND, LTD.
By: Ramius Capital Group, L.L.C.
Its Investment Manager
By: C4S & Co., L.L.C.
As Managing Member
RAMIUS ADVISORS, LLC
By: Ramius Capital Group, L.L.C.
As Sole Member
By: C4S & Co., L.L.C.
As Managing Member
RCG ENTERPRISE, LTD
By: Ramius Capital Group, L.L.C.
Its Investment Manager
By: C4S & Co., L.L.C.
As Managing Member
RAMIUS CAPITAL GROUP, LLC
By: C4S & Co., L.L.C.
As Managing Member
C4S & CO., LLC
By: /s/ Jeffrey M. Solomon
----------------------------------------
Name: Jeffrey M. Solomon
Title: Authorized Signatory
/s/ Jeffrey M. Solomon
------------------------------------------
JEFFREY M. SOLOMON
Individually and as attorney-in-fact for
Peter A. Cohen, Morgan B. Stark and
Thomas W. Strauss
24
EXHIBIT INDEX
Exhibit No.
-----------
1 Share Forward Transaction Agreement, dated January 11, 2008, between
Baldwin Enterprises, Inc. and Jefferies & Company, Inc.
2 Form of Option Agreement, between RCG Baldwin, L.P. and Lehman
Brothers OTC Derivatives Inc.
3 Agreement as to Joint Filing of Schedule 13D, dated January 22,
2008, by and among Leucadia National Corporation, Phlcorp, Inc.,
Baldwin Enterprises, Inc., RCG Baldwin, L.P., RCG PB Ltd, RCG
Sextant Master Fund, Ltd., Ramius Advisors, L.L.C., RCG Enterprise,
Ltd, Ramius Capital Group, L.L.C., C4S & Co., L.L.C., Peter A.
Cohen, Morgan B. Stark, Thomas W. Strauss, and Jeffrey M. Solomon.
25
Schedule A
DIRECTORS AND EXECUTIVE OFFICERS OF THE LEUCADIA REPORTING PERSONS
The name, business address, present principal occupation or employment,
ownership of common stock of AmeriCredit Corp. and the name, principal business
and address of any corporation or other organization in which such employment is
conducted, of each of the directors and executive officers of the Leucadia
Reporting Persons is set forth below. Shares reflected below were acquired with
the purchaser's funds available for investment for a purchase price of $249,610.
Unless otherwise specified, the business address of each person listed below is
c/o Leucadia National Corporation, 315 Park Avenue South, New York, NY 10010. To
the knowledge of the Reporting Persons, each person listed below is a United
States citizen.
For purposes of this Schedule A, Leucadia is "(a)", Phlcorp is "(b)", and
Baldwin is "(c)".
-------------------------------------------------------------------------------------
Name and Business Address Directorship Offices Principal Occupation
------------------------- ------------ ------- or Employment
--------------------
-------------------------------------------------------------------------------------
Ian M. Cumming (a), (c) Chairman of the Chairman of the
c/o Leucadia National Board of (a); Board of (a)
Corporation Chairman of the
529 E. South Temple Board of (c)
Salt Lake City, Utah 84102
-------------------------------------------------------------------------------------
Joseph S. Steinberg (a), (c) President of (a); President of (a)
President of (c)
-------------------------------------------------------------------------------------
Paul M. Dougan (a) -- Private Investor
-------------------------------------------------------------------------------------
Lawrence D. Glaubinger (a) -- Private Investor
-------------------------------------------------------------------------------------
James E. Jordan (a) -- Private Investor
-------------------------------------------------------------------------------------
Jesse Clyde Nichols, III (a) -- Private Investor
-------------------------------------------------------------------------------------
Alan J. Hirschfield (a) -- Private Investor
and Consultant
-------------------------------------------------------------------------------------
Jeffrey C. Keil (a) -- Private Investor
-------------------------------------------------------------------------------------
Philip M. Cannella (b) Assistant Vice Assistant Vice
President and President and
Director of Taxes Director of Taxes
of (a); of (a)
Vice President of
(b);
Vice President of
(c)
-------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------
Name and Business Address Directorship Offices Principal Occupation
------------------------- ------------ ------- or Employment
--------------------
-------------------------------------------------------------------------------------
Thomas E. Mara (b) Executive Vice Executive Vice
President of (a); President of (a)
President of (b);
Executive Vice
President of (c)
-------------------------------------------------------------------------------------
Joseph A. Orlando (b), (c) Vice President and Vice President and
(24,000 shares of Common Stock) Chief Financial Chief Financial
Officer of (a); Officer of (a)
Vice President and
Treasurer of (b);
Vice President of
(c)
-------------------------------------------------------------------------------------
Barbara L. Lowenthal -- Vice President and Vice President and
Comptroller of (a); Comptroller of (a)
Vice President of
(c)
-------------------------------------------------------------------------------------
Justin R. Wheeler -- Vice President of Vice President of
(a); (a)
Vice President of
(c)
-------------------------------------------------------------------------------------
Jane Goldman -- Assistant Vice Assistant Vice
President President
of (a); Vice of (a)
President of
(b)
-------------------------------------------------------------------------------------
Joseph M. O'Connor -- Vice President of Vice President of
(a); (a)
Vice President of
(b);
Vice President of
(c)
-------------------------------------------------------------------------------------
Joseph E. Sartin -- Vice President and Vice President and
Assistant Secretary Assistant
of (b) Secretary of (b)
-------------------------------------------------------------------------------------
Rocco J. Nittoli -- Treasurer of (a); Treasurer of (a)
and
Treasurer of (c)
-------------------------------------------------------------------------------------
Patrick D. Bienvenue -- Vice President of Vice President of
(c) (c)
-------------------------------------------------------------------------------------
Corinne A. Maki -- Vice President & Vice President &
Assistant Secretary Assistant
of (c) Secretary of (c)
-------------------------------------------------------------------------------------
Schedule B
DIRECTORS AND EXECUTIVE OFFICERS OF THE RAMIUS REPORTING PERSONS
The name, business address, present principal occupation or employment, and the
name, principal business and address of any corporation or other organization in
which such employment is conducted, of each of the directors and executive
officers of the Ramius Reporting Persons (other than individuals) is set forth
below. Unless otherwise specified, the business address of each person listed
below is 666 Third Avenue, 26th Floor, New York, NY 10017. To the knowledge of
the Reporting Persons, each person listed below is a United States citizen.
For purposes of this Schedule B, RCG PB is "(a)", RCG Sextant is "(b)", Ramius
Advisors is "(c)", RCG Enterprise is "(d)", Ramius Capital is "(e)", and C4S is
"(f)".
-------------------------------------------------------------------------------------
Name and Business Address Directorship Offices Principal Occupation
------------------------- ------------ ------- or Employment
--------------------
-------------------------------------------------------------------------------------
Morgan B. Stark (a); (d) -- Managing Member of
(f)
-------------------------------------------------------------------------------------
Marran Ogilvie (a); (d) -- General Counsel of
(e)
-------------------------------------------------------------------------------------
CFS Company Ltd. (a); (b); -- Nominee Company
c/o Citco Fund Services (d) registered with
(Cayman Islands) Limited Cayman Islands
Corporate Center Monetary Authority
West Bay Road and is affiliated
Grand Cayman, Cayman Islands with Administrator
British West Indies of the Fund
-------------------------------------------------------------------------------------
CSS Corporation Ltd. -- Secretary of (a); Affiliate of the
c/o Citco Fund Services (b); (d) Administrator of
(Cayman Islands) Limited the Fund
Corporate Center
West Bay Road
Grand Cayman, Cayman Islands
British West Indies
-------------------------------------------------------------------------------------
Jeffrey Solomon (b) Managing Member of
(f)
-------------------------------------------------------------------------------------
Mason Stark (b) -- Portfolio Manager
of (e)
-------------------------------------------------------------------------------------
Schedule C
Transactions in Shares of Common Stock by the Leucadia Reporting Persons
--------------------------------------------------------------------------------
REPORTING PERSON DATE TRANSACTION NUMBER OF SHARES PRICE PER
OF COMMON STOCK* SHARE*
--------------------------------------------------------------------------------
Baldwin 11/26/2007 Purchase 100,000 $9.67
--------------------------------------------------------------------------------
Baldwin 11/27/2007 Purchase 150,000 $9.94
--------------------------------------------------------------------------------
Baldwin 12/5/2007 Purchase 100,000 $10.38
--------------------------------------------------------------------------------
Baldwin 12/12/2007 Purchase 40,000 $10.33
--------------------------------------------------------------------------------
Baldwin 12/13/2007 Purchase 204,000 $9.73
--------------------------------------------------------------------------------
* Shares of Common Stock were purchased over the day and the aggregate amount
and average price are indicated.
Schedule D
Transactions in Shares of Common Stock by the Ramius Reporting Persons
--------------------------------------------------------------------------------
REPORTING PERSON DATE TRANSACTION NUMBER OF SHARES PRICE PER
OF COMMON STOCK* SHARE*
--------------------------------------------------------------------------------
RCG Enterprise 12/11/2007 Purchase 74,706 $11.22
--------------------------------------------------------------------------------
RCG Sextant 12/11/2007 Purchase 510,294 $11.10
--------------------------------------------------------------------------------
RCG Enterprise 12/12/2007 Purchase 8,301 $10.71
--------------------------------------------------------------------------------
RCG Sextant 12/12/2007 Purchase 56,699 $10.70
--------------------------------------------------------------------------------
RCG Enterprise 12/20/2007 Sale 63,851 $10.69
--------------------------------------------------------------------------------
RCG Sextant 12/20/2007 Sale 436,149 $10.70
--------------------------------------------------------------------------------
RCG Enterprise 12/21/2007 Sale 19,156 $12.92
--------------------------------------------------------------------------------
RCG Sextant 12/21/2007 Sale 130,844 $12.92
--------------------------------------------------------------------------------
RCG Enterprise 01/11/2008 Purchase 545,415 $12.04
--------------------------------------------------------------------------------
RCG PB 01/11/2008 Purchase 256,250 $12.04
--------------------------------------------------------------------------------
RCG Sextant 01/11/2008 Purchase 223,335 $12.04
--------------------------------------------------------------------------------
RCG Enterprise 01/14/2008 Purchase 501,095 $11.59
--------------------------------------------------------------------------------
RCG Sextant 01/14/2008 Purchase 473,905 $11.59
--------------------------------------------------------------------------------
* Shares of Common Stock were purchased over the day and the aggregate amount
and average price are indicated (excluding commissions).