-----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, SM88pr3ocmAJxfzkzOAJsVSZhErehlORIxMoQag6+YmCVF9r8GLuXXJlVpCqDMOa QvoZgEBXeVK6T++Nj5Hu4g== 0000905148-06-001313.txt : 20060214 0000905148-06-001313.hdr.sgml : 20060214 20060214163527 ACCESSION NUMBER: 0000905148-06-001313 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060214 DATE AS OF CHANGE: 20060214 GROUP MEMBERS: CHESAPEAKE LC INT'L GROUP MEMBERS: CHESAPEAKE PARTNERS LIMITED LC GROUP MEMBERS: CHESAPEAKE PARTNERS MANAGEMENT SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ARMSTRONG HOLDINGS INC /PA/ CENTRAL INDEX KEY: 0001109304 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS PRODUCTS, NEC [3089] IRS NUMBER: 233033414 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-78111 FILM NUMBER: 06615943 BUSINESS ADDRESS: STREET 1: 2500 COLUMBIA AVE CITY: LANCASTER STATE: PA ZIP: 17603 BUSINESS PHONE: 7173970611 MAIL ADDRESS: STREET 1: 2500 COLUMBIA AVE CITY: LANCASTER STATE: PA ZIP: 17603 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CHESAPEAKE PARTNERS MANAGEMENT CO INC/MD CENTRAL INDEX KEY: 0000919165 IRS NUMBER: 521745745 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1829 REISTERSTOWN RD STREET 2: SUITE 220 CITY: BALTIMORE STATE: MD ZIP: 21208 BUSINESS PHONE: 4106020195 MAIL ADDRESS: STREET 1: 1829 REISTERSTOWN ROAD STREET 2: SUITE 220 CITY: BALTIMORE STATE: MD ZIP: 21208 SC 13G/A 1 efc6-0490_5831943formsc13ga.txt UNITED STATES SECURITIES EXCHANGE COMMISSION Washington, D.C. 20549 - ------------------------------------------------------------------------------- SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1) ARMSTRONG HOLDINGS, INC. ------------------------ (Name of Issuer) Common Stock, par value $.01 per share ------------------------------------------------ (Title of Class of Securities) 042384107 -------------------- (CUSIP Number) December 31, 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: [ ] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] 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 ("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 8 Pages SCHEDULE 13G CUSIP No.: 042384107 Page 2 of 8 Pages ................................................................................. 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). CHESAPEAKE PARTNERS MANAGEMENT CO., INC. ................................................................................. 2. Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] ................................................................................. 3. SEC Use Only ................................................................................. 4. Citizenship or Place of Organization Maryland ................................................................................. Number of Shares 5. Sole Voting Power 0 Beneficially Owned .......................................................... by Each Reporting 6. Shared Voting Power 3,500,800 Person With .......................................................... 7. Sole Dispositive Power 0 .......................................................... 8. Shared Dispositive Power 3,500,800 ................................................................................. 9. Aggregate Amount Beneficially Owned by Each Reporting Person 3,500,800 ................................................................................. 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] ................................................................................. 11. Percent of Class Represented by Amount in Row (9) 8.6% based on 40,664,461 shares outstanding as of October 19, 2005. ................................................................................. 12. Type of Reporting Person: CO SCHEDULE 13G CUSIP No.: 042384107 Page 3 of 8 Pages ................................................................................. 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). CHESAPEAKE PARTNERS INTERNATIONAL LTD. ................................................................................. 2. Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] ................................................................................. 3. SEC Use Only ................................................................................. 4. Citizenship or Place of Organization Maryland ................................................................................. Number of Shares 5. Sole Voting Power 0 Beneficially Owned .......................................................... by Each Reporting 6. Shared Voting Power 1,689,365 Person With .......................................................... 7. Sole Dispositive Power 0 .......................................................... 8. Shared Dispositive Power 1,689,365 ................................................................................. 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,689,365 ................................................................................. 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ X ] ................................................................................. 11. Percent of Class Represented by Amount in Row (9) 4.2% based on 40,664,461 shares outstanding as of October 19, 2005. ................................................................................. 12. Type of Reporting Person: PN SCHEDULE 13G CUSIP No.: 042384107 Page 4 of 8 Pages ................................................................................. 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). CHESAPEAKE PARTNERS LIMITED PARTNERSHIP ................................................................................. 2. Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] ................................................................................. 3. SEC Use Only ................................................................................. 4. Citizenship or Place of Organization Cayman Islands, British West Indies ................................................................................. Number of Shares 5. Sole Voting Power 0 Beneficially Owned .......................................................... by Each Reporting 6. Shared Voting Power 1,811,485 Person With .......................................................... 7. Sole Dispositive Power 0 .......................................................... 8. Shared Dispositive Power 1,811,485 ................................................................................. 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,811,485 ................................................................................. 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ X ] ................................................................................. 11. Percent of Class Represented by Amount in Row (9) 4.5% based on 40,664,461 shares outstanding as of October 19, 2005. ................................................................................. 12. Type of Reporting Person: CO Page 5 of 8 Pages Item 1(a). Name of Issuer: Armstrong Holdings, Inc. (the "Issuer") Item 1(b). Address of Issuer's Principal Executive Offices: 2500 Columbia Avenue, Lancaster, PA 17603. Item 2(a). Name of Person Filing This Statement is filed on behalf of each of the following persons (collectively, the "Reporting Persons"): i) Chesapeake Partners Management Co., Inc. ("CPMC"); ii) Chesapeake Partners Limited Partnership ("CPLP"); and iii) Chesapeake Partners International Ltd. ("CPINTL"). This Statement relates to Shares (as defined herein) held for the accounts of each of CPLP and CPINTL. CPMC serves as investment manager to each of CPLP and CPINTL. In such capacities, CPMC may be deemed to have voting and investment power over the Shares held for each of CPLP and CPINTL. Item 2(b). Address of Principal Business Office or, if 0, Residence The address of the principal business office of each of CPMC and CPLP is 1829 Reisterstown Road, Suite 420, Baltimore, Maryland 21208. The address of the principal business office of CPINTL is c/o Goldman Sachs Cayman Trust, Harbour Centre, Mary Street, 2nd Floor, P.O. Box 896 GT, Grand Cayman, Cayman Islands, BWI. Item 2(c). Citizenship i) CPMC is a Maryland corporation; ii) CPLP is a Maryland limited partnership; and iii) CPINTL is a Cayman Islands exempted company. Item 2(d). Title of Class of Securities: Common Stock, par value $.01 per share (the "Shares"). Item 2(e). CUSIP Number: 042384107 Item 3. If This Statement is Filed Pursuant to ss.ss.240.13d-1(b) or 240.13d-2(b) or (c), Check Whether the Person Filing is a: This Item 3 is not applicable. Page 6 of 8 Pages Item 4. Ownership: Item 4(a). Amount Beneficially Owned: As of February 10, 2006: (i) CPMC may be deemed to be the beneficial owner of 3,500,850 Shares. This amount consists of (A) 1,811,485 Shares held for the account of CPLP, and (B) 1,689,365 Shares held for the account of CPINTL. (ii) CPLP may be deemed to be the beneficial owner of 1,811,485 Shares held for its account. (iii) CPINTL may be deemed to be the beneficial owner of 1,689,365 Shares held for its account. Item 4(b). Percent of Class: (i) The number of Shares of which CPMC may be deemed to be the beneficial owner constitutes approximately 8.6% of the total number of Shares outstanding (based upon information provided by the Issuer in its most recently-filed quarterly statement on Form 10-Q, there were 40,664,461 Shares outstanding as of October 19, 2005). (ii) The number of Shares of which CPLP may be deemed to be the beneficial owner constitutes approximately 4.5% of the total number of Shares outstanding. (iii) The number of Shares of which CPINTL may be deemed to be the beneficial owner constitutes 4.2% of the total number of Shares outstanding. Item 4(c). Number of Shares of which such person has: CPMC: - ----- (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 3,500,850 (iii) Sole power to dispose or direct the disposition of: 0 (iv) Shared power to dispose or direct the disposition of: 3,500,850 CPLP: - ---- (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 1,811,485 (iii) Sole power to dispose or direct the disposition of: 0 (iv) Shared power to dispose or direct the disposition of: 1,811,485 Page 7 of 8 Pages CPINTL: (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 1,689,365 (iii) Sole power to dispose or direct the disposition of: 0 (iv) Shared power to dispose or direct the disposition of: 1,689,365 Item 5. Ownership of Five Percent or Less of a Class: This Item 5 is not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person: This Item 6 is not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company: See disclosure in Item 2 hereof. Item 8. Identification and Classification of Members of the Group: This Item 8 is not applicable. Item 9. Notice of Dissolution of Group: This Item 9 is not applicable. Item 10. Certification: By signing below each of the Reporting Persons certifies that, to the best of their 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. Page 8 of 8 Pages 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: February 14, 2006 CHESAPEAKE PARTNERS MANAGEMENT CO., INC. By: /s/ Mark D. Lerner ------------------------------ Name: Mark D. Lerner Title: Vice President Date: February 14, 2006 CHESAPEAKE PARTNERS LIMITED PARTNERSHIP By: Chesapeake Partners Management Co., Inc. As General Partner By: /s/ Mark D. Lerner ------------------------------ Name: Mark D. Lerner Title: Vice President Date: February 14, 2006 CHESAPEAKE PARTNERS INTERNATIONAL LTD. By: Chesapeake Partners Management Co., Inc. As Investment Manager By: /s/ Mark D. Lerner ------------------------------ Name: Mark D. Lerner Title: Vice President -----END PRIVACY-ENHANCED MESSAGE-----