UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
Steinway Musical Instruments, Inc.
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(Name of Issuer)
Ordinary Common Stock, $0.001 par value
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(Title of Class of Securities)
858495 10 4
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(CUSIP Number)
Kathleen E. Shannon
Senior Vice President and Secretary
American International Group, Inc.
70 Pine Street
New York, New York 10270
(212) 770-7000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
February 4, 2004
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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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box. [ ]
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act.
SCHEDULE 13D
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CUSIP NO. 858495 10 4
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
AMERICAN INTERNATIONAL GROUP, INC.
IRS ID No. 13-2592361
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2 =======================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(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
ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Incorporated in the State of Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 502,045
EACH REPORTING
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PERSON 9 SOLE DISPOSITIVE POWER
WITH
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10 SHARED DISPOSITIVE POWER
502,045
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
502,045
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.8%
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14 TYPE OF REPORTING PERSON
HC, CO
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SCHEDULE 13D
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CUSIP NO. 858495 10 4
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
AIG RETIREMENT SERVICES, INC.
IRD ID No. 95-4715639
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2 =======================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(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
ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Incorporated in the State of Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 499,981
EACH REPORTING
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PERSON 9 SOLE DISPOSITIVE POWER
WITH
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10 SHARED DISPOSITIVE POWER
499,981
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
499,981
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.8%
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14 TYPE OF REPORTING PERSON
HC, CO
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SCHEDULE 13D
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CUSIP NO. 858495 10 4
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SUNAMERICA LIFE INSURANCE COMPANY
IRD ID No.: 52-0502540
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2 =======================================================================
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(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
ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Incorporated in the State of Arizona
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NUMBER OF 7 SOLE VOTING POWER
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 499,981
EACH REPORTING
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PERSON 9 SOLE DISPOSITIVE POWER
WITH
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10 SHARED DISPOSITIVE POWER
499,981
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
499,981
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.8%
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14 TYPE OF REPORTING PERSON
IC, CO
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Item 1. Security and Issuer.
This Amendment No. 1 to Schedule 13D ("Amendment No. 1") amends and
supplements the Statement on Schedule 13D, dated February 10, 1999, relating to
the Ordinary Common Stock, $0.001 par value ("Common Stock"), of Steinway
Musical Instruments, Inc., a Delaware corporation (the "Company"). The principal
executive offices of the Company are located at 800 South Street, Suite 305,
Waltham, Massachusetts 02453.
Item 2. Identity and Background.
(a)-(c) and (f). This statement is filed by American International
Group, Inc., a Delaware corporation ("AIG"), on behalf of itself, its
wholly-owned subsidiary, AIG Retirement Services, Inc., a Delaware corporation
(formerly known as AIG SunAmerica Inc.) ("AIG Retirement Services"), and its
wholly-owned subsidiary, SunAmerica Life Insurance Company, an Arizona-domiciled
life insurance company ("SALIC"). The principal executive offices of AIG are
located at 70 Pine Street, New York, New York 10270, and the principal executive
offices of AIG Retirement Services and SALIC are located at 1 SunAmerica Center,
Century City, Los Angeles, California 90067. AIG is a holding company which,
through its subsidiaries, is primarily engaged in a broad range of insurance and
insurance-related activities in the United States and abroad. AIG's primary
activities include both general and life insurance operations. Other significant
activities include financial services, and retirement services and asset
management.
Starr International Company, Inc., a private holding company organized
under the laws of Panama ("SICO"), The Starr Foundation, a New York
not-for-profit corporation ("The Starr Foundation") and C.V. Starr & Co., Inc.,
a Delaware corporation ("Starr"), have the right to vote approximately 12%, 2.2%
and 1.8%, respectively, of the outstanding common stock of AIG. The principal
executive offices of SICO are located at 29 Richmond Road, Pembroke, Bermuda.
The principal executive offices of The Starr Foundation and Starr are located at
70 Pine Street, New York, NY 10270.
The names of the directors and executive officers ("Covered Persons")
of AIG, AIG Retirement Services, SALIC, SICO, The Starr Foundation and Starr,
their business addresses and principal occupations are set forth in Exhibit A
attached hereto, which is incorporated herein by reference in its entirety. Each
of the Covered Persons is a citizen of the United States, except for Messrs.
Johnson, Manton, Osborne, Sullivan and Tse, who are British subjects, and Mr.
Cohen, who is a Canadian subject.
(d) and (e). During the last five years, none of AIG, AIG Retirement
Services, SALIC, SICO, The Starr Foundation or Starr, or any of the Covered
Persons, has (i) been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or (ii) been 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 violations with respect to
such laws.
Item 3. Source and Amount of Funds or Other Consideration.
On February 4, 2004, AIG Retirement Services and SALIC together sold
1,271,450 shares of the Common Stock of the Company to the Company in exchange
for $29,000,000 in principal amount of the Company's 8.75% Senior Notes due 2011
(the "Notes") at an issue price of 106.3% of the principal amount of the Notes
plus accrued interest thereon from October 15, 2003. The Notes are issued as a
single series with, and form a part of, the Company's 8.75% Senior Notes due
2011 originally issued by the Company on April 19, 2001.
Item 4. Purpose of Transaction.
The exchange of shares of the Common Stock of the Company in return for
the Notes was made for investment purposes. Subject to applicable legal
requirements, AIG Retirement Services and SALIC may purchase additional shares
of Common Stock from time to time or may dispose of all or a portion of their
remaining shares of Common Stock.
Except as set forth above, AIG, AIG Retirement Services and SALIC do
not have any present plans or proposals which relate to, or could result in, any
of the matters referred to in paragraphs (b) through (j) of this Item 4.
Item 5. Interest in Securities of the Issuer.
(a) and (b) The information required by these paragraphs is set
forth in Items 7 through 11 and 13 of the cover pages of this Amendment No. 1.
(c) Other than as described in this Amendment No. 1, AIG, AIG
Retirement Services, SALIC, SICO, The Starr Foundation and Starr, and, to the
best of AIG's knowledge, the Covered Persons, have not engaged in any
transactions in the Common Stock within the past 60 days.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understanding or Relationships with
Respect to Securities of the Issuer.
On February 4, 2004, AIG Retirement Services, SALIC and the Company
entered into a letter agreement pursuant to which each of the parties thereto
made certain representations and warranties to the other parties in connection
with the exchange of the shares of Common Stock for the Notes described in Item
3 above.
Other than such agreement, neither AIG nor, to the best of AIG's
knowledge, any of AIG Retirement Services, SALIC, SICO, The Starr Foundation or
Starr nor any of the Covered Persons, has any contracts, arrangements,
understandings or relationships (legal or otherwise) with any person with
respect to any securities of the Company, including, but not limited to,
transfer or voting of any of the securities, finder's fees, joint ventures, loan
or option arrangements, puts or calls, guarantees of profits, division of
profits or losses, or the giving or withholding of proxies.
Item 7. Material to be Filed as Exhibits
A List of Directors and Executive Officers of American
International Group, Inc., AIG Retirement Services, Inc.,
SunAmerica Life Insurance Company, Starr International
Company, Inc., The Starr Foundation and C.V. Starr & Co., Inc.
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 6, 2004
AMERICAN INTERNATIONAL GROUP, INC.
By: /s/ Kathleen E. Shannon
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Name: Kathleen E. Shannon
Title: Senior Vice President and
Secretary
AIG RETIREMENT SERVICES, INC.
By: /s/ Christine A. Nixon
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Name: Christine A. Nixon
Title: Vice President
SUNAMERICA LIFE INSURANCE COMPANY
By: /s/ Christine A. Nixon
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Name: Christine A. Nixon
Title: Senior Vice President
EXHIBIT INDEX
EXHIBIT DESCRIPTION
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A List of Directors and Executive Officers of American International
Group, Inc., AIG Retirement Services, Inc., SunAmerica Life Insurance
Company, Starr International Company, Inc., The Starr Foundation and
C.V. Starr & Co., Inc.