SCHEDULE
13D
|
||
CUSIP
No. 156431 10 8
|
Page 2 of
14
|
1.
|
Names
of Reporting Persons.
I.R.S. Identification
Nos. of above persons (entities only).
|
Glencore
International AG
|
|
2.
|
Check
the Appropriate Box if a Member of a Group (See
Instructions)
|
(a)
o
|
|
(b)
o
|
|
3.
|
SEC
Use Only
|
4.
|
Source
of Funds (See Instructions)
|
WC,
AF
|
|
5.
|
Check
if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or
2(e)
|
6.
|
Citizenship
or Place of Organization
|
Switzerland
|
Number
of
Shares
Beneficially
by
Owned by
Each
Reporting
Person
With
|
7.
|
Sole
Voting Power: None
|
8.
|
Shared
Voting Power: 36,224,317 shares (See Item
5)
|
|
9.
|
Sole
Dispositive Power: None
|
|
10.
|
Shared
Dispositive Power: 36,224,317 shares (See Item
5)
|
11.
|
Aggregate
Amount Beneficially Owned by Each Reporting Person:
36,224,317
shares (See Item 5)
|
12.
|
Check
if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
Not
applicable.
|
13.
|
Percent
of Class Represented by Amount in Row (11):
39.08%
(See Item 5)
|
14.
|
Type
of Reporting Person (See Instructions)
CO,
HC
|
SCHEDULE
13D
|
||
CUSIP
No. 156431 10 8
|
Page 3 of
14
|
1.
|
Names
of Reporting Persons.
I.R.S. Identification
Nos. of above persons (entities only).
|
Glencore
Holding AG
|
|
2.
|
Check
the Appropriate Box if a Member of a Group (See
Instructions)
|
(a)
o
|
|
(b)
o
|
|
3.
|
SEC
Use Only
|
4.
|
Source
of Funds (See Instructions)
|
AF
|
|
5.
|
Check
if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or
2(e)
|
6.
|
Citizenship
or Place of Organization
|
Switzerland
|
Number
of
Shares
Beneficially
by
Owned by
Each
Reporting
Person
With
|
7.
|
Sole
Voting Power: None
|
8.
|
Shared
Voting Power: 36,224,317 shares (See Item
5)
|
|
9.
|
Sole
Dispositive Power: None
|
|
10.
|
Shared
Dispositive Power: 36,224,317 shares (See Item
5)
|
11.
|
Aggregate
Amount Beneficially Owned by Each Reporting Person:
36,224,317
shares (See Item 5)
|
12.
|
Check
if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
Not
applicable.
|
13.
|
Percent
of Class Represented by Amount in Row (11):
39.08%
(See Item 5)
|
14.
|
Type
of Reporting Person (See Instructions)
CO,
HC
|
SCHEDULE
13D
|
||
CUSIP
No. 156431 10 8
|
Page 4 of
14
|
1.
|
Names
of Reporting Persons.
I.R.S. Identification
Nos. of above persons (entities only).
|
Glencore
AG
|
|
2.
|
Check
the Appropriate Box if a Member of a Group (See
Instructions)
|
(a)
o
|
|
(b)
o
|
|
3.
|
SEC
Use Only
|
4.
|
Source
of Funds (See Instructions)
|
WC,
AF
|
|
5.
|
Check
if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or
2(e)
|
6.
|
Citizenship
or Place of Organization
|
Switzerland
|
Number
of
Shares
Beneficially
by
Owned by
Each
Reporting
Person
With
|
7.
|
Sole
Voting Power: None
|
8.
|
Shared
Voting Power: 36,224,317 shares (See Item
5)
|
|
9.
|
Sole
Dispositive Power: None
|
|
10.
|
Shared
Dispositive Power: 36,224,317 shares (See Item
5)
|
11.
|
Aggregate
Amount Beneficially Owned by Each Reporting Person:
36,224,317
shares (See Item 5)
|
12.
|
Check
if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
Not
applicable.
|
13.
|
Percent
of Class Represented by Amount in Row (11):
39.08%
(See Item 5)
|
14.
|
Type
of Reporting Person (See Instructions)
CO
|
Item
1.
|
Security
and Issuer
|
Item
2.
|
Identity
and Background
|
Item
3.
|
Source
and Amount of Funds or Other
Consideration
|
Item
4.
|
Purpose
of the Transaction
|
Item
5.
|
Interest
in Securities of the Issuer
|
Transaction
Party
|
Nature
of Transaction
|
Date
of Transaction
|
Number
of Shares
|
Price
per Share
|
||||
Glencore
AG
|
Conversion
of Series A Preferred Stock (1)
|
03/31/2010
|
50,905
|
(1)
|
(1)
|
Represents
Common Stock acquired upon the automatic conversion of 509.05 shares of
Series A Preferred Stock in accordance with the terms of the Series A
Preferred Stock.
|
Item
6.
|
Contracts,
Arrangements, Understandings or Relationships with Respect to Securities
of the Issuer
|
Item
7.
|
Material
to Be Filed as Exhibits
|
1.
|
Joint
Filing Agreement (filed herewith)
|
2.
|
Certificate
of Designation of the Series A Preferred Stock (Incorporated by reference
to Exhibit 3.1 to the Company's Current Report on Form 8-K filed with the
Securities and Exchange Commission on July 8,
2008)
|
3.
|
Standstill
and Governance Agreement (Incorporated by reference to Exhibit 10.3 to the
Company's Current Report on Form 8-K filed with the Securities and
Exchange Commission on July 8,
2008)
|
4.
|
Registration
Rights Agreement (Incorporated by reference to Exhibit 10.4 to the
Company's Current Report on Form 8-K filed with the Securities and
Exchange Commission on July 8,
2008)
|
5.
|
Support
Agreement (Incorporated by reference to Exhibit 10.01 to the Company's
Current Report on Form 8-K filed with the Securities and Exchange
Commission on May 4, 2009)
|
6.
|
Letter
Agreement (filed herewith)
|
Glencore
International AG
|
||||
By:
|
/s/ Christian Wolfensberger
|
/s/ Tor Peterson
|
||
Name:
|
Christian Wolfensberger
|
Tor Peterson
|
||
Title:
|
Officer
|
Officer
|
||
Glencore
Holding AG
|
||||
By:
|
/s/ Peter Pestalozzi
|
/s/ Willy R. Strothotte
|
||
Name:
|
Peter Pestalozzi
|
Willy R. Strothotte
|
||
Title:
|
Director
|
Director
|
||
Glencore
AG
|
||||
By:
|
/s/ Steven Blumgart
|
/s/ Barbara Bodmer
|
||
Name:
|
Steven Blumgart
|
Barbara Bodmer
|
||
Title:
|
Officer
|
Officer
|
Name
|
Principal
Occupation
|
Business
address
|
Share
Ownership
|
|||
Willy
R. Strothotte
(Citizen
of Germany)
|
Chairman
|
21,000
shares of Common Stock (representing 21,000 shares which are subject to
options presently exercisable). (1)
|
||||
Ivan
Glasenberg
(Citizen
of Australia)
|
Chief
Executive Officer
|
|||||
Andreas
P. Hubmann
|
Officer
of Glencore International AG –Accounting
|
|||||
Peter
A. Pestalozzi
|
Attorney,
Pestalozzi Lachenal Patry Zurich Ltd.
|
Lowenstrasse
1
CH-8001
Zurich Switzerland
|
||||
Zbynek
E. Zak
|
Non-Executive
Director; former CFO of Glencore International AG
(retired)
|
Buetzenweg
16
CH-6300
Zug Switzerland
|
||||
Craig
A. Davis
(Citizen
of the US)
|
Non-Executive
Director, former Chairman and CEO of Century Aluminum Company
(retired)
|
457
shares of Common Stock
|
Name
|
Principal
Occupation
|
Business
address
|
Share
Ownership
|
|||
Willy
R. Strothotte
(Citizen
of Germany)
|
Chairman
|
21,000
shares of Common Stock (representing 21,000 shares which are subject to
options presently exercisable). (1)
|
||||
Ivan
Glasenberg
(Citizen
of Australia)
|
Chief
Executive Officer
|
|||||
Zbynek
E. Zak
|
Non-Executive
Director; former CFO of Glencore International AG
(retired)
|
Buetzenweg
16
CH-6300
Zug Switzerland
|
||||
Peter
A. Pestalozzi
|
Attorney,
Pestalozzi Lachenal Patry Zurich Ltd.
|
Loewenstrasse
1 CH-8001
Zurich,
Switzerland
|
||||
Craig
A. Davis
(Citizen
of the US)
|
Non-Executive
Director, former Chairman and CEO of Century Aluminum Company
(retired)
|
457
shares of Common Stock
|
Name
|
Principal
Occupation
|
Business
address
|
Share
Ownership
|
|||
Willy
R. Strothotte (Citizen of Germany)
|
Chairman
|
21,000
shares of Common Stock (representing 21,000 shares which are subject to
options presently exercisable). (1)
|
||||
Ivan
Glasenberg (Citizen of Australia)
|
Chief
Executive Officer
|
|||||
Steven
F. Kalmin (Citizen of Australia)
|
Chief
Financial Officer
|
|||||
Andreas
P. Hubmann
|
Officer
of Glencore International AG –Accounting
|
|||||
Aristotelis
Mistakidis (Citizen of the United Kingdom)
|
Glencore
International AG – Head Zinc Copper
|
(1)
|
Represents
shares underlying options that were issued to Mr. Willy R. Strothotte in
connection with his service as a director of the Company. Mr. Strothotte
holds such options as nominee for the Reporting Persons and disclaims
beneficial ownership thereof, except to the extent of his pecuniary
interest therein.
|
Glencore
International AG
|
||||
By:
|
/s/ Christian Wolfensberger
|
/s/ Tor Peterson
|
||
Name:
|
Christian Wolfensberger
|
Tor Peterson
|
||
Title:
|
Officer
|
Officer
|
||
Glencore
Holding AG
|
||||
By:
|
/s/ Peter Pestalozzi
|
/s/ Willy R. Strothotte
|
||
Name:
|
Peter Pestalozzi
|
Willy R. Strothotte
|
||
Title:
|
Director
|
Director
|
||
Glencore
AG
|
||||
By:
|
/s/ Steven Blumgart
|
/s/ Barbara Bodmer
|
||
Name:
|
Steven Blumgart
|
Barbara Bodmer
|
||
Title:
|
Officer
|
Officer
|
|
1.
|
The
Company and the Glencore Group agree that the nominees of the Board of
Directors of the Company (the "Board") to stand for
election at the Company's 2010 Annual Meeting of Stockholders, any Special
Meeting of Stockholders held in lieu thereof and any postponement,
adjournment or delay thereof (the "2010 Annual Meeting")
shall be Ivan Glasenberg, Andrew Michelmore, John O’Brien and Peter Jones,
who shall each be nominated as Class II directors with a term expiring at
the Company's 2013 Annual Meeting, and John Fontaine, who shall
be nominated as a Class I director with a term expiring at the Company’s
2012 Annual Meeting, (the nominees referenced in this sentence,
collectively, the "2010
Nominees"). The Company shall take all actions necessary
to increase the size of its Board prior to the election of directors at
the 2010 Annual Meeting to permit the election of the 2010
Nominees.
|
|
2.
|
The
Company hereby represents, acknowledges and agrees that the Board has
concluded its review in accordance with the Company's written policies and
practices (as the same exist as of the date of this Agreement) of the
qualifications of Ivan Glasenberg and Andrew Michelmore to each serve as a
member of the Board, has determined that Ivan Glasenberg and Andrew
Michelmore are each qualified to serve as a member of the Board and has
determined to, and shall, nominate each of Ivan Glasenberg and Andrew
Michelmore to stand for election at the 2010 Annual Meeting as a Class II
director with a term expiring at the Company's 2013 Annual Meeting. The
Glencore Group represents and warrants that as of the date hereof it is
not aware of any reason that either Ivan Glasenberg or Andrew Michelmore
would not be able to serve as a member of the Board upon election at the
2010 Annual Meeting.
|
|
3.
|
If
(i) at any time at or prior to the 2010 Annual Meeting Ivan Glasenberg
(the "Glencore
Designee") shall have ceased for any reason to be a nominee of the
Board to stand for election at the 2010 Annual Meeting as a Class II
director with a term expiring at the Company's 2013 Annual Meeting or (ii)
having been elected to the Board at the 2010 Annual Meeting, the Glencore
Designee shall cease to be a member of the Board for any reason at any
time prior to the date of the Company's 2013 Annual Meeting of
Stockholders, then the Glencore Group shall be entitled to designate in
writing a substitute (the "Glencore Successor
Designee") to replace the Glencore Designee as a nominee of the
Board or as a director (as the case may be), in each case for the same
term and as part of the same Board class, who is reasonably acceptable to
the Company. The Company shall make any such determination regarding the
acceptability of a proposed Glencore Successor Designee in good faith and
reasonably promptly. The Board shall nominate or appoint to the Board (as
the case may be) the Glencore Successor Designee no later than one
business day after the Company's determination that such Glencore
Successor Designee is reasonably acceptable. Upon becoming a nominee of
the Board or a member of the Board pursuant to this Section 3, a Glencore
Successor Designee shall become the Glencore Designee for all purposes
under this Agreement. The Company and the Glencore Group shall
take all actions necessary to give effect to the provisions of this
Section 3.
|
|
4.
|
In
order to avoid an election contest at the 2010 Annual Meeting, the parties
agree that: (i) the members of the Glencore Group, but only for so long as
both of Ivan Glasenberg (or any Glencore Successor Designee substituted
for Ivan Glasenberg pursuant to Section 3) and, so long as he shall have
continued to consent to serve as a director and have not become physically
or mentally disabled or died, Andrew Michelmore are nominees of the Board
to stand for election at the 2010 Annual Meeting as Class II directors
with a term expiring at the Company's 2013 Annual Meeting, and the Company
will publicly support and recommend that the Company's stockholders vote
for the election of each of the 2010 Nominees at the 2010 Annual Meeting
(and, if a Glencore Successor Designee has been nominated, such designee),
and (ii) for so long as both of Ivan Glasenberg (or any Glencore Successor
Designee substituted for Ivan Glasenberg pursuant to Section 3) and, so
long as he shall have continued to consent to serve as a director and have
not become physically or mentally disabled or died, Andrew Michelmore are
nominees of the Board to stand for election at the 2010 Annual Meeting as
Class II directors with a term expiring at the Company's 2013 Annual
Meeting , each member of the Glencore Group will cause all Voting
Securities (as defined below) that it is entitled to vote at the 2010
Annual Meeting (whether held of record or beneficially) to be present for
quorum purposes and to be voted at the 2010 Annual Meeting in favor of the
election of each of the 2010 Nominees (and, if a Glencore Successor
Designee has been nominated, such
designee).
|
|
5.
|
Each
of the Company, on the one hand, and the members of the Glencore Group, on
the other hand, acknowledges and agrees that money damages would not be a
sufficient remedy for any breach (or threatened breach) of this Agreement
by it and that, in the event of any breach or threatened breach hereof,
the non-breaching party will be entitled to injunctive and other equitable
relief, without proof of actual damages, that the breaching party will not
plead in defense thereto that there would be an adequate remedy at law,
and that the breaching party agrees to waive any applicable right or
requirement that a bond be posted by the non-breaching party. Such
remedies will not be the exclusive remedies for a breach of this
Agreement, but will be in addition to all other remedies available at law
or in equity.
|
|
6.
|
All
notices, consents, requests, instructions, approvals and other
communications provided for herein and all legal process in regard hereto
will be in writing and will be deemed validly given, made or served if (a)
given by fax, when such fax is transmitted to the fax number set forth
below and the appropriate confirmation is received, or (b) if given by any
other means, when delivered in person, by overnight courier or two
business days after being sent by registered or certified mail (postage
prepaid, return receipt requested) as
follows:
|
If
to the Company:
|
|
Century
Aluminum Company
|
|
2511
Garden Road, A200
|
|
Monterey,
CA 93940
|
|
Attn:
|
General
Counsel
|
Phone:
|
+831-642-9300
|
Fax:
|
+831-642-9328
|
If
to the Glencore Group:
|
|
Glencore
AG
|
|
Baarermattstrasse
3
|
|
CH-6341
Baar, Switzerland
|
|
Attn:
|
Head
of Aluminum Department
|
Phone:
|
+41-41-709-2000
|
Fax:
|
+41-41-709-3000
|
With
a copy (which shall not constitute notice) to:
|
|
Glencore
AG
|
|
Baarermattstrasse
3
|
|
CH-6341
Baar, Switzerland
|
|
Attn:
|
Richard
Marshall
|
Phone:
|
+41-41-709-2000
|
Fax:
|
+41-41-709-2621
|
With
a copy (which shall not constitute notice) to:
|
|
Skadden,
Arps, Slate, Meagher & Flom LLP
|
|
Four
Times Square
|
|
New
York, NY 10036
|
|
Attn:
|
Peter
Allan Atkins
|
Neil
P. Stronski
|
|
Phone:
|
(212)
735-3000
|
Fax:
|
(212)
735-2000
|
|
7.
|
As
used in this Agreement, (a) the term "Person" shall be
interpreted broadly to include, among others, any individual, general or
limited partnership, corporation, limited liability or unlimited liability
company, joint venture, estate, trust, group, association or other entity
of any kind or structure; (b) the term "affiliate" shall have
the meaning set forth in Rule 12b-2 under the Exchange Act and shall
include Persons who become affiliates of any Person subsequent to the date
of this Agreement; (c) the term "Voting Securities" shall
mean the shares of the Company's common stock and any other securities of
the Company entitled to vote generally in the election of directors; and
(d) the term "business
day" shall mean any day other than a Saturday, Sunday or a day on
which banks in New York, New York are authorized or obligated by
applicable law or executive order to close or are otherwise generally
closed.
|
|
8.
|
This
Agreement may be executed by the parties hereto in separate counterparts
(including by fax and .pdf), each of which when so executed shall be an
original, but all such counterparts shall together constitute one and the
same instrument.
|
|
9.
|
This
Agreement shall be governed by and construed in accordance with the laws
of the State of Delaware, without regard to any of its conflict of laws
principles that would require otherwise. Each of the members of the
Glencore Group and the Company (a) irrevocably and unconditionally
consents to the personal jurisdiction and venue of the federal or state
courts located in Wilmington, Delaware; (b) agrees that it shall not
attempt to deny or defeat such personal jurisdiction by motion or other
request for leave from any such court; (c) agrees that it shall not bring
any action relating to this Agreement or otherwise in any court other than
the federal or state courts located in Wilmington, Delaware; and (d)
irrevocably waives the right to trial by
jury.
|
|
10.
|
This
Agreement shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and permitted assigns. No party
hereto may assign or otherwise transfer either this Agreement or any of
its rights, interests, or obligations hereunder without the prior written
consent of the other parties hereto. Any purported transfer without such
consent shall be void. No amendment, modification, supplement or waiver of
any provision of this Agreement shall be effective unless it is in writing
and signed by the party or parties hereto affected thereby, and then only
in the specific instance and for the specific purpose stated therein. Any
waiver by any party hereto of a breach of any provision of this Agreement
shall not operate as or be construed to be a waiver of any other breach of
such provision or of any breach of any other provision of this Agreement.
The failure of a party hereto to insist upon strict adherence to any term
of this Agreement on one or more occasions shall not be considered a
waiver or deprive that party of the right thereafter to insist upon strict
adherence to that term or any other term of this
Agreement.
|
|
11.
|
If
any provision of this Agreement is held invalid or unenforceable by any
court of competent jurisdiction, the other provisions of this Agreement
shall remain in full force and effect. Any provision of this Agreement
held invalid or unenforceable only in part or degree shall remain in full
force and effect to the extent not held invalid or unenforceable. The
parties hereto further agree to replace such invalid or unenforceable
provision of this Agreement with a valid and enforceable provision that
will achieve, to the extent possible, the purposes of such invalid or
unenforceable provision.
|
|
12.
|
This
Agreement is solely for the benefit of the parties hereto and is not
enforceable by any other Persons.
|
|
13.
|
Each
party hereto hereby represents and warrants that this Agreement has been
duly and properly authorized and approved by all necessary corporate,
similar and other actions (including, without limitation, by action of the
Board).
|
Very
truly yours,
|
||||
CENTURY
ALUMINUM COMPANY
|
||||
By:
|
/s/ William J.
Leatherberry
|
|||
Name:
|
William
J. Leatherberry
|
|||
Title:
|
EVP
& General Counsel
|
GLENCORE
AG
|
||||
By:
|
/s/ Barbara Bodmer
|
/s/ Andreas Hubmann
|
||
Name:
|
Barbara
Bodmer
|
Andreas
Hubmann
|
||
Title:
|
Officer
|
Director
|
||
GLENCORE
INTERNATIONAL AG
|
||||
By:
|
/s/ Barbara Bodmer
|
/s/ Andreas Hubmann
|
||
Name:
|
Barbara
Bodmer
|
Andreas
Hubmann
|
||
Title:
|
Officer
|
Officer
|
||
GLENCORE
HOLDING AG
|
||||
By:
|
/s/ Ivan Glasenberg
|
/s/ Andreas Hubmann
|
||
Name:
|
Ivan
Glasenberg
|
Andreas
Hubmann
|
||
Title:
|
Director
|
Director
|