-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CbGfyCm30imTjFTfJHPE+OMLgcOEJlHDuDZidlpt06cFjKJeqjur7MV8SPNNsI3c 6BoeYmSdqa2AiR8IiAI3pw== 0000950134-05-012831.txt : 20050701 0000950134-05-012831.hdr.sgml : 20050701 20050701165211 ACCESSION NUMBER: 0000950134-05-012831 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20050701 DATE AS OF CHANGE: 20050701 GROUP MEMBERS: JOHN S CLARK II GROUP MEMBERS: ROBERT W BUTTS GROUP MEMBERS: SOUTHPOINT CAPITAL ADVISORS LLC GROUP MEMBERS: SOUTHPOINT GP LLC GROUP MEMBERS: SOUTHPOINT GP LP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INTEGRATED ELECTRICAL SERVICES INC CENTRAL INDEX KEY: 0001048268 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL WORK [1731] IRS NUMBER: 760542208 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-52755 FILM NUMBER: 05933906 BUSINESS ADDRESS: STREET 1: 1800 WEST LOOP SOUTH STREET 2: SUITE 500 CITY: HOUSTON STATE: TX ZIP: 77027 BUSINESS PHONE: 7138601500 MAIL ADDRESS: STREET 1: 1800 WEST LOOP SOUTH STREET 2: SUITE 500 CITY: HOUSTON STATE: TX ZIP: 77027 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Southpoint Capital Advisors LP CENTRAL INDEX KEY: 0001319998 IRS NUMBER: 200975910 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 237 PARK AVENUE STREET 2: SUITE 900 CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 212.692.6350 MAIL ADDRESS: STREET 1: 237 PARK AVENUE STREET 2: SUITE 900 CITY: NEW YORK STATE: NY ZIP: 10017 SC 13G 1 d26767sc13g.htm SCHEDULE 13G sc13g
 

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. )*

Integrated Electrical Services, Inc.

(Name of Issuer)

Shares of Common Stock, par value $0.01 per share

(Title of Class of Securities)

45811E103

(CUSIP Number)

June 23, 2005

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

        o Rule 13d-1 (b)

        þ Rule 13d-1 (c)

        o Rule 13d-1 (d)

*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 the disclosures provided in a prior cover page.

The information required in 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).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

 1 of 11

 

             
13G
CUSIP No. 45811E103 Page 2 of 11
  1. Name of Reporting Person:
Southpoint Capital Advisors LP
20-0975910		 I.R.S. Identification Nos. of above persons (entities only):
  2. Check the Appropriate Box if a Member of a Group:
    (a) o  
    (b) o  
  3. SEC Use Only:
  4. Citizenship or Place of Organization:
Delaware
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
5. Sole Voting Power:
3,196,700**
6. Shared Voting Power:
0
7. Sole Dispositive Power:
3,196,700**
8.Shared Dispositive Power:
0
  9.Aggregate Amount Beneficially Owned by Each Reporting Person:
3,196,700**
  10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares:
o
  11.Percent of Class Represented by Amount in Row (9):
8.73%**
  12.Type of Reporting Person:
PN

2 of 11

 

             
13G
CUSIP No. 45811E103 Page 3 of 11
  1. Name of Reporting Person:
Southpoint GP, LP
20-1095514		 I.R.S. Identification Nos. of above persons (entities only):
  2. Check the Appropriate Box if a Member of a Group:
    (a) o  
    (b) o  
  3. SEC Use Only:
  4. Citizenship or Place of Organization:
Delaware
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
5. Sole Voting Power:
3,196,700**
6. Shared Voting Power:
0
7. Sole Dispositive Power:
3,196,700**
8.Shared Dispositive Power:
0
  9.Aggregate Amount Beneficially Owned by Each Reporting Person:
3,196,700**
  10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares:
o
  11.Percent of Class Represented by Amount in Row (9):
8.73%**
  12.Type of Reporting Person:
PN

3 of 11

 

             
13G
CUSIP No. 45811E103 Page 4 of 11
  1. Name of Reporting Person:
Southpoint Capital Advisors LLC
20-0975900		 I.R.S. Identification Nos. of above persons (entities only):
  2. Check the Appropriate Box if a Member of a Group:
    (a) o  
    (b) o  
  3. SEC Use Only:
  4. Citizenship or Place of Organization:
Delaware
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
5. Sole Voting Power:
3,196,700**
6. Shared Voting Power:
0
7. Sole Dispositive Power:
3,196,700**
8.Shared Dispositive Power:
0
  9.Aggregate Amount Beneficially Owned by Each Reporting Person:
3,196,700**
  10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares:
o
  11.Percent of Class Represented by Amount in Row (9):
8.73%**
  12.Type of Reporting Person:
OO

4 of 11

 

             
13G
CUSIP No. 45811E103 Page 5 of 11
  1. Name of Reporting Person:
Southpoint GP, LLC
20-1064783		 I.R.S. Identification Nos. of above persons (entities only):
  2. Check the Appropriate Box if a Member of a Group:
    (a) o  
    (b) o  
  3. SEC Use Only:
  4. Citizenship or Place of Organization:
Delaware
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
5. Sole Voting Power:
3,196,700**
6. Shared Voting Power:
0
7. Sole Dispositive Power:
3,196,700**
8.Shared Dispositive Power:
0
  9.Aggregate Amount Beneficially Owned by Each Reporting Person:
3,196,700**
  10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares:
o
  11.Percent of Class Represented by Amount in Row (9):
8.73%**
  12.Type of Reporting Person:
OO

5 of 11

 

             
13G
CUSIP No. 45811E103 Page 6 of 11
  1. Name of Reporting Person:
Robert W. Butts		 I.R.S. Identification Nos. of above persons (entities only):
  2. Check the Appropriate Box if a Member of a Group:
    (a) o  
    (b) o  
  3. SEC Use Only:
  4. Citizenship or Place of Organization:
United States
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
5. Sole Voting Power:
3,196,700**
6. Shared Voting Power:
0
7. Sole Dispositive Power:
3,196,700**
8.Shared Dispositive Power:
0
  9.Aggregate Amount Beneficially Owned by Each Reporting Person:
3,196,700**
  10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares:
o
  11.Percent of Class Represented by Amount in Row (9):
8.73%**
  12.Type of Reporting Person:
IN

6 of 11

 

             
13G
CUSIP No. 45811E103 Page 7 of 11
  1. Name of Reporting Person:
John S. Clark II		 I.R.S. Identification Nos. of above persons (entities only):
  2. Check the Appropriate Box if a Member of a Group:
    (a) o  
    (b) o  
  3. SEC Use Only:
  4. Citizenship or Place of Organization:
United Stataes
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
5. Sole Voting Power:
3,196,700**
6. Shared Voting Power:
0
7. Sole Dispositive Power:
3,196,700**
8.Shared Dispositive Power:
0
  9.Aggregate Amount Beneficially Owned by Each Reporting Person:
3,196,700**
  10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares:
o
  11.Percent of Class Represented by Amount in Row (9):
8.73%**
  12.Type of Reporting Person:
IN

7 of 11

 

SCHEDULE 13G

     This Schedule 13G (the “Schedule 13G”) is being filed on behalf of Southpoint Capital Advisors LLC, a Delaware limited liability company (“Southpoint CA LLC”), Southpoint GP, LLC, a Delaware limited liability company (“Southpoint GP LLC”), Southpoint Capital Advisors LP, a Delaware limited partnership (“Southpoint Advisors”), Southpoint GP, LP (“Southpoint GP”), Robert W. Butts and John S. Clark II. Southpoint CA LLC is the general partner of Southpoint Advisors. Southpoint GP LLC is the general partner of Southpoint GP. Southpoint GP is the general partner of Southpoint Fund LP, a Delaware limited partnership (the “Fund”), Southpoint Qualified Fund LP, a Delaware limited partnership (the “Qualified Fund”), and Southpoint Offshore Operating Fund, LP, a Cayman Islands exempted limited partnership (the “Offshore Operating Fund”). Southpoint Offshore Fund, Ltd., a Cayman Island exempted company (the “Offshore Fund”), is also a general partner of the Offshore Operating Fund. This Schedule 13G relates to shares of Common Stock of Integrated Electrical Services, Inc., a Delaware corporation (the “Issuer”), purchased by the Fund, the Qualified Fund and the Offshore Operating Fund.

             
Item 1(a)   Name of Issuer.
 
            
    Integrated Electrical Services, Inc.
 
            
Item 1(b)   Address of Issuer’s Principal Executive Offices.
 
            
    1800 West Loop South, Suite 500
    Houston, Texas 77027-3233
 
            
Item 2(a)   Name of Person Filing.
 
            
 
    (1 )   Southpoint Capital Advisors, LP
 
    (2 )   Southpoint GP, LP
 
    (3 )   Southpoint Capital Advisors, LLC
 
    (4 )   Southpoint GP, LLC
 
    (5 )   Robert W. Butts
 
    (6 )   John S. Clark II
 
            
Item 2(b)   Address of Principal Business Office, or, if none, Residence.
 
            
 
    (1 )   For all Filers:
 
          237 Park Avenue, Suite 900
 
          New York, NY 10017
 
          (212) 692-6350

8 of 11

 

 

             
Item 2(c)   Citizenship or Place of Organization.
 
            
 
    (1 )   Southpoint Capital Advisors LP is a Delaware limited partnership.
 
    (2 )   Southpoint Capital GP, LP is a Delaware limited partnership.
 
    (3 )   Southpoint Capital Advisors LLC is a Delaware limited liability company.
 
    (4 )   Southpoint Capital GP, LLC is a Delaware limited liability company.
 
    (5 )   Robert W. Butts is a U.S. citizen.
 
    (6 )   John S. Clark II is a U.S. citizen.
 
            
Item 2(d)   Title of Class of Securities.
 
            
    Common Stock, par value $0.01 per share (the “Common Stock”).
 
            
Item 2(e)   CUSIP Number.
 
            
    45811E103
 
            
Item 3   If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
 
            
    Not Applicable.
 
            
Item 4   Ownership.
 
            
 
    (a )   Southpoint CA LLC, Southpoint GP LLC, Southpoint GP, Southpoint Advisors, Robert W. Butts and John S. Clark II may be deemed the beneficial owners of 3,196,700 shares of Common Stock.
 
            
 
    (b )   As of July 1, 2005, Southpoint CA LLC, Southpoint GP LLC, Southpoint GP, Southpoint Advisors, Robert W. Butts and John S. Clark II may be deemed the beneficial owners of 8.73% of the outstanding shares of Common Stock. This percentage was determined by dividing 3,196,700 by 36,601,438, which is the number of shares of Common Stock outstanding as of May 10, 2005, as reported in the Issuer’s Quarterly Report on Form 10-Q/A filed on May 23, 2005 with the Securities and Exchange Commission.
 
            
 
    (c )   Southpoint CA LLC, Southpoint GP LLC, Southpoint GP, Southpoint Advisors, Robert W. Butts and John S. Clark II have the sole power to vote and dispose of the 3,196,700 shares of Common Stock beneficially owned.
 
            
Item 5   Ownership of Five Percent or Less of a Class.
 
            
    Not Applicable.

9 of 11

 

     
Item 6
  Ownership of More Than Five Percent on Behalf of Another Person.
 
    
 
  All securities reported in this schedule are owned by clients of the Investment Manager. To the knowledge of the Investment Manager, no one client owns more than 5% of the Common Stock.
 
    
Item 7
  Identification and Classification of the Subsidiary which Acquired the Security Being Reported On by the Parent Holding Company.
 
    
 
  Not Applicable.
 
    
Item 8
  Identification and Classification of Members of the Group.
 
    
 
  Not Applicable.
 
    
Item 9
  Notice of Dissolution of Group.
 
    
 
  Not Applicable.
 
    
Item 10
  Certification.
 
    
 
  By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 
    
Exhibits
  Exhibit 1
 
    
 
  Joint Filing Agreement dated July 1, 2005, between Southpoint CA LLC, Southpoint GP LLC, Southpoint GP, Southpoint Advisors, Robert W. Butts and John S. Clark II.

10 of 11

 

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.

     Date: July 1, 2005

             
    SOUTHPOINT CAPITAL ADVISORS, LP
 
            
 
            
  
            
    By:   Southpoint Capital Advisors LLC
        its general partner
 
            
 
            
 
      By:   /s/ Robert W. Butts
 
           
 
      Name:   Robert W. Butts
 
      Title:   Manager
 
            
 
            
    SOUTHPOINT GP, LP
  
            
 
            
 
            
    By:   Southpoint GP, LLC
        its general partner
 
            
 
            
 
      By:   /s/ Robert W. Butts
 
           
 
      Name:   Robert W. Butts
 
      Title:   Manager
         
    SOUTHPOINT CAPITAL ADVISORS, LLC
 
        
 
        
 
  By:   /s/ Robert W. Butts
 
       
 
  Name:   Robert W. Butts
 
  Title:   Manager
 
        
 
        
    SOUTHPOINT GP, LLC
 
        
 
        
 
  By:   /s/ Robert W. Butts
 
       
 
  Name:   Robert W. Butts
 
  Title:   Manager
         
     
       /s/ Robert W. Butts    
       Robert W. Butts   
     
 
     
       /s/ John S. Clark II    
       John S. Clark II   
     
 

11 of 11

 

EX-99.1 2 d26767exv99w1.htm JOINT FILING AGREEMENT exv99w1
 

EXHIBIT 1

JOINT FILING AGREEMENT

     In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the Common Stock, par value $0.01 per share, of Integrated Electrical Services, Inc., and further agree that this Joint Filing Agreement shall be included as an Exhibit to such joint filings.

     The undersigned further agree that each party hereto is responsible for the timely filing of such Statement on Schedule 13G and any amendments thereto, and for the accuracy and completeness of the information concerning such party contained therein; provided, however, that no party is responsible for the accuracy or completeness of the information concerning any other party, unless such party knows or has reason to believe that such information is inaccurate.

     This Joint Filing Agreement may be signed in counterparts with the same effect as if the signature on each counterpart were upon the same instrument.

[Signature Page Follows]

 

 

     IN WITNESS WHEREOF, the undersigned have executed this Agreement as of July 1, 2005.

                     
    SOUTHPOINT CAPITAL ADVISORS, LP        
 
                    
    By:   Southpoint Capital Advisors LLC
its general partner
 
                    
 
      By:   /s/ Robert W. Butts        
 
                   
 
      Name:
Title: 		  Robert W. Butts
Manager		        
 
                    
    SOUTHPOINT GP, LP        
 
                    
    By:   Southpoint GP, LLC
its general partner
 
                    
 
      By:   /s/ Robert W. Butts        
 
                   
 
      Name:
Title: 		  Robert W. Butts
Manager		        
             
    SOUTHPOINT CAPITAL ADVISORS, LLC
 
            
 
  By:   /s/ Robert W. Butts    
 
           
 
  Name:
Title: 		  Robert W. Butts
Manager		    
 
            
    SOUTHPOINT GP, LLC
 
            
 
  By:   /s/ Robert W. Butts    
 
           
 
  Name:
Title: 		  Robert W. Butts
Manager		    
         
     
       /s/ Robert W. Butts    
       Robert W. Butts   
     
 
         
     
       /s/ John S. Clark II    
       John S. Clark II   
     
 

 

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