UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13D-1(a) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13D-2(a)
(AMENDMENT NO. )*
Michael Baker Corporation
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(Name of issuer)
Common Stock, par value $1.00 per share
--------------------------------------------------------------------------------
(Title of class of securities)
057149106
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(CUSIP number)
COPY TO:
Matthew J. Day, Esq.
118 E. 25th Street, Eighth Floor
New York, New York 10010
(212) 673-0484
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
May 14, 2003
--------------------------------------------------------------------------------
(Dates of Events which Require Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box. [ ]
Note. Schedules filed in paper format shall include a
signed original and five copies of the schedule, including all
exhibits. See Rule 13d-7 for other parties to whom copies are to
be sent.
(Continued on following pages)
(Page 1 of 22 Pages)
---------------
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
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 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP NO. 057149106 Page 2 of 22
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SCHEDULE 13D
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Acquisitor Holdings (Bermuda) Ltd.
No IRS Identification Number
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
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
Bermuda
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 410,800
SHARES -------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
EACH -------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 410,800
WITH -------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
410,800
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.0%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON *
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 057149106 Page 3 of 22
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SCHEDULE 13D
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
J O Hambro Capital Management Group Limited
No IRS Identification Number
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
England
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 61,900
EACH -------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH -------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
61,900
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
61,900
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.8%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON *
HC
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 057149106 Page 4 of 22
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SCHEDULE 13D
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
J O Hambro Capital Management Limited
No IRS Identification Number
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
England
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 61,900
EACH -------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH -------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
61,900
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
61,900
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.8%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON *
IA
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 057149106 Page 5 of 22
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SCHEDULE 13D
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Christopher Harwood Bernard Mills
No IRS Identification Number
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e) [ ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
England
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 472,700
EACH -------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH -------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
472,700
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
472,700
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.7%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON *
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 057149106 Page 6 of 22
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SCHEDULE 13D
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
American Opportunity Trust plc
No IRS Identification Number
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
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
England
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 61,900
EACH -------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH -------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
61,900
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
61,900
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.8%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON *
IV
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
STATEMENT ON SCHEDULE 13D
-------------------------
This Statement on Schedule 13D (the "Statement") is filed on behalf of
the Filing Parties (defined below).
ITEM 1. SECURITY AND ISSUER.
The class of equity securities to which this Statement relates is the
common stock, par value $1.00 per share (the "Common Stock"), of Michael Baker
Corporation, a Pennsylvania corporation (the "Issuer"). The principal executive
offices of the Issuer are located at Airside Business Park, 100 Airside Drive,
Moon Township, Pennsylvania 15108.
ITEM 2. IDENTITY AND BACKGROUND.
2 (a-c,f).
I. FILING PARTIES:
--------------
This Statement is filed on behalf of the following five persons, who
are collectively referred to as the "Filing Parties":
1. Acquisitor Holdings (Bermuda) Ltd., a company incorporated in Bermuda
("Acquisitor"), with a business address of Clarendon House, 2 Church
Street, Hamilton HM 11, Bermuda. Acquisitor was formed in 2002 and
endeavors to achieve a high rate of capital growth for its
shareholders by acquiring significant holdings in companies which the
members of its Board of Directors consider to be fundamentally sound
but which are valued at a discount to the Directors' estimate of their
private market value. Acquisitor is managed by its Board of Directors.
2. J O Hambro Capital Management Group Limited ("J O Hambro Group") is a
corporation organized under the laws of England with its principal
office and business at Ryder Court, 14 Ryder Street, London SW1Y 6QB
England. J O Hambro Group functions as the ultimate holding company
for J O Hambro Capital Management Limited.
3. J O Hambro Capital Management Limited ("J O Hambro Capital
Management") is a corporation organized under the laws of England with
its principal office and business at Ryder Court, 14 Ryder Street,
London SW1Y 6QB England. J O Hambro Capital Management is principally
engaged in the business of investment management and advising. It
serves as co-investment adviser to North Atlantic Smaller Companies
Investment Trust plc ("NASCIT") and American Opportunity Trust plc
("American Opportunity Trust") and as investment adviser to Oryx
International Growth Fund Limited ("Oryx"), The Trident North Atlantic
Fund ("Trident North Atlantic") and The Trident European Fund
("Trident European"), as well as to private clients.
4. Christopher Harwood Bernard Mills is a British citizen whose business
address is Ryder Court, 14 Ryder Street, London SW1Y 6QB England. His
principal employment includes service as executive director of NASCIT
and American Opportunity Trust, as a director of J O Hambro Group, J O
Hambro Capital Management, Trident North Atlantic, Oryx, Acquisitor
plc and Acquisitor, and as co-investment adviser to NASCIT and
American Opportunity Trust.
5. American Opportunity Trust is a corporation organized under the laws
of England with its principal office and business at Ryder Court, 14
Ryder Street, London SW1Y 6QB England. American Opportunity Trust is a
publicly-held investment trust company. Christopher Harwood Bernard
Mills and J O Hambro Capital Management serve as co-investment
advisers to American Opportunity Trust.
Page 7 of 22
II. CONTROL RELATIONSHIPS:
---------------------
J O Hambro Capital Management is a wholly-owned subsidiary of J O
Hambro Group.
Christopher Harwood Bernard Mills serves as a director of J O Hambro
Group, J O Hambro Capital Management, and Acquisitor, and as executive director
of American Opportunity Trust.
III. EXECUTIVE OFFICERS AND DIRECTORS:
--------------------------------
In accordance with the provisions of General Instruction C to Schedule
13D, information concerning the executive officers and directors of the Filing
Parties is included in Schedule A hereto and is incorporated by reference
herein.
(d) Criminal Proceedings
---------------------
During the last five years, neither the Filing Parties (or a
controlling entity thereof) nor any executive officer or director of any of the
Filing Parties (or a controlling entity thereof) has been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) Civil Securities Law Proceedings
-----------------------------------
During the last five years, neither the Filing Parties (or a
controlling entity thereof) nor any executive officer or director of any of the
Filing Parties (or a controlling entity thereof) has 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 violation with
respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The aggregate purchase price of the 410,800 shares of Common Stock
beneficially held by Acquisitor is $4,132,277. All of the shares of Common
Stock beneficially owned by Acquisitor were paid for using its working capital
funds.
The aggregate purchase price of the 61,900 shares of Common Stock
beneficially held by American Opportunity Trust is $537,199 (exclusive of
brokerage fees and commissions). All of the shares of Common Stock beneficially
held by American Opportunity Trust were paid for using its working capital
funds.
ITEM 4. PURPOSE OF TRANSACTION.
The Filing Parties believe that the shares of Common Stock of the Issuer
are undervalued and represent an attractive investment opportunity. They
presently have no plans or proposals which would relate to or result in any of
the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D
except as set forth herein. The Filing Parties intend to have open
communications with the Issuer's management in order to monitor their efforts to
increase stockholder value. Depending on various factors including, without
limitation, the Issuer's financial position and investment strategy, the price
levels of the shares of Common Stock, conditions in the securities markets and
general economic and industry conditions, the Filing Parties may in the future
take such actions with respect to their investment in the Issuer as they deem
appropriate, including without limitation purchasing additional shares of Common
Stock in the open market or otherwise, making an offer to purchase up to all of
the Issuer's outstanding shares of Common Stock through a negotiated transaction
or otherwise, seeking to elect a slate of directors to the Issuer's board of
directors or presenting proposals for stockholders' consideration at an annual
or special meeting of the Issuer's stockholders. The Filing Parties may also
sell some or all of their shares of Common Stock in the open market or through
privately negotiated transactions, or change their intention with respect to any
and all matters referred to in this Item 4.
Page 8 of 22
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a)-(b) The aggregate number and percentage of the outstanding Common
Stock of the Issuer beneficially owned (i) by each of the Filing Parties, and
(ii) to the knowledge of the Filing Parties, by each other person who may be
deemed to be a member of the group, is as follows:
Number of Number of
Shares: Sole Shares: Shared
Aggregate Number Power to Vote or Power to Vote or Approximate
Filing Party of Shares Dispose Dispose Percentage*
----------------------------------------------------------------------------------------------
Acquisitor 410,800 410,800 0 4.95%
J O Hambro Group 61,900 0 61,900 0.75%
J O Hambro Capital 61,900 0 61,900 0.75%
Management
Christopher H. B. Mills 472,700 0 472,700 5.69%
American Opportunity Trust 61,900 0 61,900 0.75%
----------------------------------------------------------------------------------------------
* Based on 8,303,123 shares of Common Stock, par value $1.00 per share,
outstanding as of March 17, 2003, which is based on information reported in the
Issuer's Annual Report on Form 10-K, for the year ended December 31, 2002.
Page 9 of 22
(c) During the past 60 days, the Filing Parties effected no
transactions in the Common Stock other than those set forth in the following
table:
--------- ---------------------------------- ----------- ---------------- ------
Date Filing Party Buy or Sell Number of Shares Price
--------- ---------------------------------- ----------- ---------------- ------
--------- ---------------------------------- ----------- ---------------- ------
4/2/2003 Acquisitor Holdings (Bermuda) Ltd. Buy 7,200 $ 8.43
--------- ---------------------------------- ----------- ---------------- ------
5/14/2003 Acquisitor Holdings (Bermuda) Ltd. Buy 168,900 $ 8.55
--------- ---------------------------------- ----------- ---------------- ------
All of the above transactions were effected on the open market.
(d) No person other than the Filing Parties is known to have the
right to receive, or the power to direct the receipt of dividends from, or the
proceeds from the sale of, such shares of Common Stock.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
As co-investment advisers to American Opportunity Trust, Christopher
Harwood Bernard Mills and J O Hambro Capital Management share the right to
transfer and vote the shares of the Common Stock of the Issuer pursuant to an
agreement dated as of January 7, 1993 between American Opportunity Trust and J O
Hambro Capital Management.
On May 27, 2003, the Filing Parties entered into the Joint Filing
Agreement, which is attached hereto as an exhibit and incorporated herein by
reference.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
The following documents are filed herewith or incorporated by
reference herein:
(a) Administration, Management and Custody Management Agreement dated
as of January 7, 1993 between J O Hambro Capital Management and American
Opportunity Trust.
(b) Joint Filing Agreement dated as of May 27, 2003 by and among
Acquisitor Holdings (Bermuda) Ltd., J O Hambro Capital Management Group Limited,
J O Hambro Capital Management Limited, American Opportunity Trust Plc and
Christopher H. B. Mills.
Page 10 of 22
SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct.
Dated: May 27, 2003
ACQUISITOR HOLDINGS (BERMUDA) LTD. J O HAMBRO CAPITAL MANAGEMENT GROUP
LIMITED
By: /s/ Duncan Soukup By: /s/ R. G. Barrett
--------------------------- ---------------------------
Name: Duncan Soukup Name: R. G. Barrett
Title: Deputy Chairman Title: Director
J O HAMBRO CAPITAL MANAGEMENT LIMITED AMERICAN OPPORTUNITY TRUST PLC
By: J O Hambro Capital Management
Limited, Its investment advisor
By: /s/ R. G. Barrett By: /s/ R. G. Barrett
--------------------------- ---------------------------
Name: R. G. Barrett Name: R. G. Barrett
Title: Director Title: Director
/s/ Christopher Mills
---------------------------
CHRISTOPHER MILLS
Page 11 of 22
SCHEDULE A
Information Concerning Directors and Executive Officers of the Filing Parties
The following table sets forth certain information concerning each of the
directors and executive officers of Acquisitor Holdings (Bermuda) Ltd.
("Acquisitor") as of the date hereof.
Name: Duncan Soukup
(Deputy Chairman)
Citizenship: British
Business Address: 118 E. 25th Street, 8th Floor
New York, New York 10010
USA
Principal Occupation: Deputy Chairman, Acquisitor
Managing Director, Acquisitor plc
President and Chief Executive Officer, Lionheart Group, Inc.
Managing Director, New York Holdings Ltd.
Name: Luke Oliver Johnson
(Director)
Citizenship: British
Business Address: Clarendon House
2 Church Street
Hamilton HM 11
Bermuda
Principal Occupation: Director, Acquisitor
Director, Acquisitor plc
Chairman, Signature Restaurants plc
Name: John Stanislas Albert Radziwill
(Chairman)
Citizenship: British
Business Address: Clarendon House
2 Church Street
Hamilton HM 11
Bermuda
Principal Occupation: Chairman, Acquisitor
Chairman, Acquisitor plc
Chairman and Chief Executive Officer, New York Holdings
Ltd.
Director, Goldcrown Group Limited
Director, International Assets Holding Corporation
Name: James Ozanne
(Non-Executive Director)
Citizenship: USA
Business Address: Clarendon House
2 Church Street
Hamilton HM 11
Bermuda
Principal Occupation: Non-Executive Director, Acquisitor
Principal, Greenrange Partners
Director, Financial Security Assurance
Page 12 of 22
Name: Christopher Harwood Bernard Mills
(Non-Executive Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Non-Executive Director, Acquisitor
Non-Executive Director, Acquisitor plc
Executive Director, NASCIT
Executive Director, American Opportunity Trust
Director, J O Hambro Capital Management
Name: Peter Melhado
(Non-Executive Director)
Citizenship: USA
Business Address: Clarendon House
2 Church Street
Hamilton HM 11
Bermuda
Principal Occupation: Non-Executive Director, Acquisitor
General Partner, Polaris Partners, L.P.
Name: Timothy James Carey Lovell
(Non-Executive Director and Assistant Secretary)
Citizenship: British
Business Address: 9 Walton Street
1st Floor
London
England SW3 2JD
Principal Occupation: Finance Director, Acquisitor plc
Page 13 of 22
The following table sets forth certain information concerning each of the
directors and executive officers of J O Hambro Capital Management Group Limited
("J O Hambro Group") as of the date hereof.
Name: James Daryl Hambro
(Chairman)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Chairman, J O Hambro Capital Management
Name: Christopher Harwood Bernard Mills
(Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Non-Executive Director, Acquisitor
Non-Executive Director, Acquisitor plc
Executive Director, NASCIT
Executive Director, American Opportunity Trust
Director, J O Hambro Capital Management
Name: Nichola Pease
(Director and Chief Executive)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director and Chief Executive, J O Hambro Capital
Management
Name: Basil Postan
(Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director, J O Hambro Capital Management
Page 14 of 22
Name: Graham Warner
(Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director, J O Hambro Capital Management
Name: Robert George Barrett
(Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director, J O Hambro Capital Management
Name: Nicholas James Measham
(Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director, J O Hambro Capital Management
Name: Willem Vinke
(Director)
Citizenship: Dutch
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director, J O Hambro Capital Management
Page 15 of 22
The following table sets forth certain information concerning each of the
directors and executive officers of J O Hambro Capital Management Limited ("J O
Hambro Capital Management") as of the date hereof.
Name: James Daryl Hambro
(Managing Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Managing Director, J O Hambro Capital Management
Name: Christopher Harwood Bernard Mills
(Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Non-Executive Director, Acquisitor
Non-Executive Director, Acquisitor plc
Executive Director, NASCIT
Executive Director, American Opportunity Trust
Director, J O Hambro Capital Management
Name: Nichola Pease
(Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director and Chief Executive, J O Hambro Capital
Management
Page 16 of 22
Name: Basil Postan
(Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director, J O Hambro Capital Management
Name: Robert George Barrett
(Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director, J O Hambro Capital Management
Name: Nicholas James Measham
(Director)
Citizenship: British
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director, J O Hambro Capital Management
Name: Willem Vinke
(Director)
Citizenship: Dutch
Business Address: J O Hambro Capital Management Limited
Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Director, J O Hambro Capital Management
Page 17 of 22
The following table sets forth certain information concerning each of the
directors and executive officers of American Opportunity Trust plc ("American
Opportunity Trust") as of the date hereof.
Name: R. Alexander Hammond-Chambers
(Chairman)
Citizenship: British
Business Address: 29 Rutland Square
Edinburgh EH1 2BW
Scotland
Principal Occupation: Non-Executive Director, American Opportunity Trust
Name: Christopher Harwood Bernard Mills
(Executive Director)
Citizenship: British
Business Address: Ryder Court
14 Ryder Street
London SW1Y 6QB
England
Principal Occupation: Non-Executive Director, Acquisitor
Non-Executive Director, Acquisitor plc
Executive Director, American Opportunity Trust
Executive Director, NASCIT
Director, J O Hambro Capital Management
Name: John Gildea
(Director)
Citizenship: USA
Business Address: Gildea Management Company(1)
537 Steamboat Road
Greenwich, Connecticut 06830
Principal Occupation: Managing Director, Gildea Management Company
Name: The Hon. James J. Nelson
(Director)
Citizenship: British
Business Address: Foreign & Colonial Ventures(2)
4th Floor
Berkeley Square House
Berkeley Square
London W1X 5PA
England
Principal Occupation: Director, Foreign & Colonial Ventures
---------------
(1) Gildea Management Company is principally engaged in the investment
management business.
(2) Foreign & Colonial Ventures is principally engaged in the investment
management business.
Page 18 of 22
Name: Iain Tulloch
(Director)
Citizenship: British
Business Address: Murray Johnstone Ltd.(3)
7 West Nile Street
Glasgow G2 2PX
Scotland
Principal Occupation: Director, Murray Johnstone Ltd.
Name: Philip Ehrman
(Director)
Citizenship: British
Business Address: Gartmore Investment Management Ltd.(4)
Gartmore House
16-18 Monument Street
London EC3R 8AJ
England
Principal Occupation: Investment Manager, Gartmore Investment Management Ltd.
---------------
(3) Murray Johnstone Ltd. is principally engaged in the investment
management business.
(4) Gartmore Investment Management Limited is principally engaged in the
investment management business.
Page 19 of 22
Exhibit Index
The following documents are filed herewith or incorporated herein by reference:
Exhibit Page
(a) Administration, Management and Custody Management Incorporated by reference to Exhibit
Agreement dated as of January 7, 1993 between J O Hambro (a) of the Schedule 13D Amendment
Capital Management and American Opportunity Trust. No. 1 filed on February 20, 2001 by
Acquisitor plc and the other parties
thereto with respect to Colorado
MEDtech Inc.
(b) Joint Filing Agreement dated as of May 27, 2003 22
among Acquisitor Holdings (Bermuda) Ltd., J O Hambro Capital
Management Group Limited, J O Hambro Capital Management
Limited, American Opportunity Trust and Christopher H. B. Mills.
Page 20 of 22
JOINT FILING AGREEMENT
By and Among
ACQUISITOR HOLDINGS (BERMUDA) LTD.
J O HAMBRO CAPITAL MANAGEMENT GROUP LIMITED
J O HAMBRO CAPITAL MANAGEMENT LIMITED
AMERICAN OPPORTUNITY TRUST PLC
and
CHRISTOPHER H. B. MILLS
As of May 27, 2003
Page 21 of 22
JOINT FILING AGREEMENT
The undersigned hereby agree that the Statement on Schedule 13D dated May
27, 2003 ("Statement") with respect to the shares of common stock, $1.00 par
value, of Michael Baker Corporation is hereby filed on behalf of each of us
pursuant to and in accordance with the provisions of Rule 13d-1(k)(1)(iii) under
the Securities Exchange Act of 1934, as amended.
The undersigned hereby agree that any amendments to the Statement executed
by each or any of us shall be filed on behalf of each of us pursuant to and in
accordance with the provisions of Rule 13d-1(k)(1)(iii) under the Securities
Exchange Act of 1934, as amended.
This Agreement may be executed in separate counterparts, each of which
shall be deemed an original, but all of which shall constitute one and the same
instrument.
Date: May 27, 2003
ACQUISITOR HOLDINGS (BERMUDA) LTD. J O HAMBRO CAPITAL MANAGEMENT GROUP
LIMITED
By: /s/ Duncan Soukup By: /s/ R. G. Barrett
--------------------------- ---------------------------
Name: Duncan Soukup Name: R. G. Barrett
Title: Deputy Chairman Title: Director
J O HAMBRO CAPITAL MANAGEMENT LIMITED AMERICAN OPPORTUNITY TRUST PLC
By: J O Hambro Capital Management
Limited, Its investment advisor
By: /s/ R. G. Barrett By: /s/ R. G. Barrett
--------------------------- ---------------------------
Name: R. G. Barrett Name: R. G. Barrett
Title: Director Title: Director
/s/ Christopher Mills
---------------------------
CHRISTOPHER MILLS
Page 22 of 22