0000905148-13-000411.txt : 20130308 0000905148-13-000411.hdr.sgml : 20130308 20130308160534 ACCESSION NUMBER: 0000905148-13-000411 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130308 DATE AS OF CHANGE: 20130308 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: URS CORP /NEW/ CENTRAL INDEX KEY: 0000102379 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ENGINEERING SERVICES [8711] IRS NUMBER: 941381538 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-41623 FILM NUMBER: 13677500 BUSINESS ADDRESS: STREET 1: 600 MONTGOMERY STREET STREET 2: 26TH FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 4157742700 MAIL ADDRESS: STREET 1: 600 MONTGOMERY STREET 26TH FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94111 FORMER COMPANY: FORMER CONFORMED NAME: THORTEC INTERNATIONAL INC DATE OF NAME CHANGE: 19900222 FORMER COMPANY: FORMER CONFORMED NAME: URS CORP /DE/ DATE OF NAME CHANGE: 19871214 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GLENVIEW CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001138995 IRS NUMBER: 134136746 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 767 FIFTH AVENUE STREET 2: 44TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10153 BUSINESS PHONE: 2128124700 MAIL ADDRESS: STREET 1: 767 FIFTH AVENUE STREET 2: 44TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10153 SC 13G 1 efc13-218_fmsc13g.htm efc13-218_fmsc13g.htm


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

 
SCHEDULE 13G
 
Under the Securities Exchange Act of 1934
(Amendment No. )*
 
URS CORPORATION
 (Name of Issuer)
 
          Common Shares, par value $0.01 per share          
 (Title of Class of Securities)
 
903236107
 (CUSIP Number)
 
February 26, 2013
 (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)
x 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 (“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 10 Pages
Exhibit Index: Page 8
 
 
 

 
 
CUSIP No. 903236107
Page 2 of 10 Pages
 
1.
Names of Reporting Persons.
 
GLENVIEW CAPITAL MANAGEMENT, LLC
2.
Check the Appropriate Box if a Member of a Group
 
(a) ¨
(b) ¨
3.
 
SEC Use Only
 
 
4.
 
Citizenship or Place of Organization
 
Delaware
 

 
5.
Sole Voting Power
0
       
Number of
     
Shares
6.
Shared Voting Power
4,553,711
Beneficially
     
Owned by Each      
Reporting
7.
Sole Dispositive Power
0
Person With      
       
 
8.
Shared Dispositive Power
4,553,711

 
9.
 
Aggregate Amount Beneficially Owned by Each Reporting Person
 
4,553,711
 
 
10.
 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
 
¨
 
11.
 
Percent of Class Represented by Amount in Row (9)
 
5.91%
 
 
12.
 
 
Type of Reporting Person:
 
OO
 
 
 
 

 
 
CUSIP No. 903236107
Page 3 of 10 Pages
 
1.
Names of Reporting Persons.
 
LAWRENCE M. ROBBINS
 
2.
 
Check the Appropriate Box if a Member of a Group
 
(a) ¨
(b) ¨
 
3.
 
SEC Use Only
 
 
4.
 
Citizenship or Place of Organization
 
United States of America
 
 
 
5.
Sole Voting Power
0
       
Number of
     
Shares
6.
Shared Voting Power
4,553,711
Beneficially
     
Owned by Each      
 Reporting
7.
Sole Dispositive Power
0
Person With      
       
 
8.
Shared Dispositive Power 
4,553,711
 
 
9.
 
Aggregate Amount Beneficially Owned by Each Reporting Person
 
4,553,711
 
 
10.
 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
 
¨
 
 
11.
 
Percent of Class Represented by Amount in Row (9)
 
5.91%
 
 
12.
 
Type of Reporting Person:
 
IN, HC
 
 
 

 
 
 
Page 4 of 10 Pages
 
Item 1(a).
Name of Issuer:
 
URS Corporation (the "Issuer")
 
Item 1(b).
Address of Issuer’s Principal Executive Offices:
 
600 Montgomery St., 26th Fl., San Francisco, CA 94111-2728
 
Item 2(a).
Name of Person Filing

This Statement is filed on behalf of each of the following persons (collectively, the “Reporting Persons”):

i)  Glenview Capital Management, LLC (“Glenview Capital Management”);

ii) Lawrence M. Robbins (“Mr. Robbins”).

This Statement relates to Shares (as defined herein) held for the accounts of Glenview Capital Partners, L.P., a Delaware limited partnership (“Glenview Capital Partners”), Glenview Capital Master Fund, Ltd., a Cayman Islands exempted company (“Glenview Capital Master Fund”), Glenview Institutional Partners, L.P., a Delaware limited partnership (“Glenview Institutional Partners”), Glenview Offshore Opportunity Master Fund, Ltd., a Cayman Islands exempted company (“Glenview Offshore Opportunity Master Fund”), and Glenview Capital Opportunity Fund, L.P., a Delaware limited partnership (“Glenview Capital Opportunity Fund”).

Glenview Capital Management serves as investment manager to each of Glenview Capital Partners, Glenview Capital Master Fund, Glenview Institutional Partners, Glenview Offshore Opportunity Master Fund, and Glenview Capital Opportunity Fund. Mr. Robbins is the Chief Executive Officer of Glenview Capital Management.

Item 2(b).
Address of Principal Business Office or, if None, Residence:

The address of the principal business office of each of Glenview Capital Management and Mr. Robbins is 767 Fifth Avenue, 44th Floor, New York, New York 10153.

Item 2(c).
Citizenship:

i)  Glenview Capital Management is a Delaware limited liability company;

ii) Mr. Robbins is a citizen of the United States of America.

Item 2(d).
Title of Class of Securities:
 
Common Shares, par value $0.01 per share (the “Shares”)
 
 
 

 
 
 
Page 5 of 10 Pages
 
Item 2(e).
CUSIP Number:
 
903236107
 
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:
 
This Item 3 is not applicable.

Item 4.
Ownership:
 
Item 4(a)
Amount Beneficially Owned:
 
As of March 7, 2013, each of Glenview Capital Management and Mr. Robbins may be deemed the beneficial owner of 4,553,711 Shares. This amount consists of: (A) 168,059 Shares held for the account of Glenview Capital Partners; (B) 1,904,146 Shares held for the account of Glenview Capital Master Fund; (C) 816,567 Shares held for the account of Glenview Institutional Partners; (D) 1,039,088 Shares held for the account of Glenview Offshore Opportunity Master Fund; and (E) 625,851 Shares held for the account of Glenview Capital Opportunity Fund.
 
Item 4(b)
Percent of Class:
 
As of March 7, 2013, each of the Reporting Persons may be deemed the beneficial owner of approximately 5.91% of Shares outstanding.  (There were 77,021,153 Shares outstanding as of February 18, 2013, according to the Issuer’s annual report on Form 10-K, filed February 26, 2013.)

Item 4(c)
Number of Shares as to which such person has:
 
Glenview Capital Management and Mr. Robbins:
 
(i) Sole power to vote or direct the vote:
0
   
(ii) Shared power to vote or direct the vote:
4,553,711
   
(iii) Sole power to dispose or direct the disposition of:
0
   
(iv) Shared power to dispose or direct the disposition of:
4,553,711
 
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:
 
See disclosure in Items 2 and 4 hereof. Certain funds listed in Item 2(a) are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares covered by this Statement that may be deemed to be beneficially owned by the Reporting Persons.
 
 
 

 

 
Page 6 of 10 Pages
 
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person:

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 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.

 
 

 

Page 7 of 10 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.
 
 
GLENVIEW CAPITAL MANAGEMENT, LLC
 
       
 
By:
/s/ Mark J. Horowitz  
   
Mark J. Horowitz, Chief Operating Officer and
 
    General Counsel of Glenview Capital Management, LLC  

 
LAWRENCE M. ROBBINS
 
       
 
By:
/s/ Mark J. Horowitz  
   
Mark J. Horowitz, attorney-in-fact for Lawrence M. Robbins
 
       
       
March 8, 2013
     
 
 
 

 
 
Page 8 of 10 Pages
 
EXHIBIT INDEX
 
Ex.
 
Page No.
     
A
Joint Filing Agreement
9
     
B
Power of Attorney
10
 
 
 

 
 
Page 9 of 10 Pages
 
EXHIBIT A

JOINT FILING AGREEMENT

The undersigned hereby agree that the statement on Schedule 13G with respect to the Common Shares of URS Corporation dated as of March 8, 2013 is, and any amendments thereto (including amendments on Schedule 13D) signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.
 
 
GLENVIEW CAPITAL MANAGEMENT, LLC
 
       
 
By:
/s/ Mark J. Horowitz  
   
Mark J. Horowitz, Chief Operating Officer and
 
    General Counsel of Glenview Capital Management, LLC  

 
LAWRENCE M. ROBBINS
 
       
 
By:
/s/ Mark J. Horowitz  
   
Mark J. Horowitz, attorney-in-fact for Lawrence M. Robbins
 
       
       
March 8, 2013
     
 
 
 

 

Page 10 of 10 Pages
 
EXHIBIT B
 
POWER OF ATTORNEY
 
KNOW ALL MEN BY THESE PRESENT, that I, Lawrence M. Robbins, hereby make, constitute and appoint Mark J. Horowitz, acting individually, as my agent and attorney-in-fact for the purpose of executing in my name, (a) in my personal capacity or (b) in my capacity as Chief Executive Officer or in other capacities of Glenview Capital Management, LLC, a Delaware limited liability company, and each of its affiliates or entities advised or controlled by me or Glenview Capital Management, LLC, all documents, certificates, instruments, statements, filings and agreements (“documents”) to be filed with or delivered to any foreign or domestic governmental or regulatory body or required or requested by any other person or entity pursuant to any legal or regulatory requirement relating to the acquisition, ownership, management or disposition of securities, futures contracts or other investments, and any other documents relating or ancillary thereto, including, without limitation, all documents relating to filings with the United States Securities and Exchange Commission (the “SEC”) pursuant to the Securities Act of 1933, as amended, or the Securities and Exchange Act of 1934, as amended (the “Act”), and the rules and regulations promulgated thereunder, including, without limitation: (1) all documents relating to the beneficial ownership of securities required to be filed with the SEC pursuant to Section 13(d) or Section 16(a) of the Act, including, without limitation: (a) any acquisition statements on Schedule 13D or Schedule 13G and any amendments thereto, (b) any joint filing agreements pursuant to Rule 13d-1(k), and (c) any initial statements of, or statements of changes in, beneficial ownership of securities on Form 3, Form 4 or Form 5 and (2) any information statements on Form 13F required to be filed with the SEC pursuant to Section 13(f) of the Act.
 
All past acts of the attorney-in-fact in furtherance of the foregoing are hereby ratified and confirmed.
 
This Power of Attorney shall remain in effect until revoked, in writing, by the undersigned.
 
IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney, this 10th day of February, 2009.
 
/s/ Lawrence M. Robbins
     
Lawrence M. Robbins