UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 2)
GSI Group Inc.
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(Name of Issuer)
Common Stock, no par value
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(Title of Class of Securities)
36229U102
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(CUSIP Number)
Ellen Porges, Esq.
Goldman Sachs Asset Management
One New York Plaza
New York, NY 10004
212-902-1000
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
February 26, 2010
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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 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.
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* 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 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(Continued on following pages)
(Page 1 of 6 Pages)
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CUSIP No. 36229U102 SCHEDULE 13D/A Page 2 of 6 Pages
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1 NAME OF REPORTING PERSON
Goldman Sachs Asset Management
(Goldman Sachs Asset Management, L.P., together with GS
Investment Strategies, LLC, "Goldman Sachs Asset Management")
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
AF
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5 CHECK 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
Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------- -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 1,534,369
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BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
----------- -----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
1,534,369
------------- ----------- -----------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,534,369
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
3.2% (see Item 4)
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14 TYPE OF REPORTING PERSON
IA
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CUSIP No. 36229U102 SCHEDULE 13D/A Page 3 of 6 Pages
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1 NAME OF REPORTING PERSON
Liberty Harbor I GP, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
AF
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) |_|
------------- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------- -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 1,534,369
----------- -----------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
----------- -----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
1,534,369
------------- ----------- -----------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,534,369
------------- -----------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
------------- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
3.2% (see Item 4)
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14 TYPE OF REPORTING PERSON
IA
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CUSIP No. 36229U102 SCHEDULE 13D/A Page 4 of 6 Pages
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1 NAME OF REPORTING PERSON
Liberty Harbor Master Fund I, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
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5 CHECK 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
Cayman Islands
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NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------- -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 1,534,369
----------- -----------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
----------- -----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
1,534,369
------------- ----------- -----------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,534,369
------------- -----------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
------------- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
3.2% (see Item 4)
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14 TYPE OF REPORTING PERSON
IA
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CUSIP No. 36229U102 SCHEDULE 13D/A Page 5 of 6 Pages
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ITEM 1. SECURITY AND ISSUER
This Amendment No. 2 (the "Amendment") amends the statement on Schedule 13D
filed on July 9, 2009 (the "Original Schedule 13D", as amended hereby and by
Amendment No. 1 filed on November 20, 2009, the "Schedule 13D") with respect to
the common stock, no par value (the "Common Stock"), of GSI Group Inc., a
company continued and existing under the laws of the Province of New Brunswick,
Canada (the "Issuer"). Capitalized terms used herein and not otherwise defined
in this Amendment have the meanings set forth in the Original Schedule 13D and
Amendment No. 1. This Amendment amends Items 4 and 5(c) as set forth below.
ITEM 4. PURPOSE OF TRANSACTION
Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of
the following:
As previously disclosed, the Reporting Persons continue to have discussions
with the Issuer and other shareholders regarding the Reporting Persons'
investment and implementation of the Chapter 11 plan of reorganization filed as
Exhibit A of Exhibit 10.1 of the Current Report on Form 8-K filed by the Issuer
on November 20, 2009 (the "Plan"). In furtherance of this, the Reporting Persons
have entered into discussions with the Issuer and members of the Equity
Committee regarding the Plan and possible modifications to the Plan, including,
without limitation, exchanging the Notes for any combination of one or more of
the following: new secured debt, notes convertible into common stock of the
reorganized issues, preferred stock convertible into common stock of the
reorganized issues, common stock of the reorganized issues and/or cash. The
Reporting Persons are unsure about the ultimate outcome of such discussions or
the timing of coming to agreement.
Item 5(c) of the Schedule 13D is hereby amended and restated as follows:
(c) No transactions in the Common Stock were effected by the Reporting
Persons or, to the knowledge of any of the Reporting Persons, any of the persons
listed on Schedule I-A or Schedule I-B hereto, during the sixty day period prior
to the Date of Event that requires filing this statement on Schedule 13D, as
amended.
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CUSIP No. 36229U102 SCHEDULE 13D/A Page 6 of 6 Pages
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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: March 3, 2010
GOLDMAN SACHS ASSET MANAGEMENT, L.P.
By: /s/ Yvette Kosic
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Name: Yvette Kosic
Title: Attorney-in-fact
GS INVESTMENT STRATEGIES, LLC
By: /s/ Yvette Kosic
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Name: Yvette Kosic
Title: Attorney-in-fact
LIBERTY HARBOR I GP, LLC
By: /s/ Yvette Kosic
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Name: Yvette Kosic
Title: Attorney-in-fact
LIBERTY HARBOR MASTER FUND I, L.P.
By: LIBERTY HARBOR I GP, LLC, ITS GENERAL PARTNER
By: /s/ Yvette Kosic
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Name: Yvette Kosic
Title: Attorney-in-fact