-----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, O8EQTHik8hOfm6pUGEiEfd6KkfoikKjeNK/SdRp7SnW0fJTbAgS6zQAtDYaDvboj q5I062rp52aRfBrIbxiRRA== 0001193125-08-245929.txt : 20081201 0001193125-08-245929.hdr.sgml : 20081201 20081201170903 ACCESSION NUMBER: 0001193125-08-245929 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 20081201 DATE AS OF CHANGE: 20081201 GROUP MEMBERS: DENNIS A. JOHNSON GROUP MEMBERS: SHAMROCK ACTIVIST VALUE FUND GP, L.L.C. GROUP MEMBERS: SHAMROCK ACTIVIST VALUE FUND II, L.P. GROUP MEMBERS: SHAMROCK ACTIVIST VALUE FUND III, L.P. GROUP MEMBERS: SHAMROCK PARTNERS ACTIVIST VALUE FUND, L.L.C. GROUP MEMBERS: STANLEY P. GOLD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ARRIS GROUP INC CENTRAL INDEX KEY: 0001141107 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 582588724 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-61849 FILM NUMBER: 081223090 BUSINESS ADDRESS: STREET 1: 3871 LAKEFIELD DRIVE CITY: SUWANEE STATE: GA ZIP: 30024 BUSINESS PHONE: 770-622-8400 MAIL ADDRESS: STREET 1: 3871 LAKEFIELD DRIVE CITY: SUWANEE STATE: GA ZIP: 30024 FORMER COMPANY: FORMER CONFORMED NAME: BROADBAND PARENT CORP DATE OF NAME CHANGE: 20010521 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Shamrock Activist Value Fund L P CENTRAL INDEX KEY: 0001306697 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 4444 LAKESIDE DR CITY: BURBANK STATE: CA ZIP: 91505 BUSINESS PHONE: 818-973-4444 MAIL ADDRESS: STREET 1: 4444 LAKESIDE DR CITY: BURBANK STATE: CA ZIP: 91505 FORMER COMPANY: FORMER CONFORMED NAME: Shamrock Governance Fund LP DATE OF NAME CHANGE: 20041021 SC 13D 1 dsc13d.htm SCHEDULE 13D Schedule 13D

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE

13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)*

 

ARRIS GROUP, INC.

(Name of Issuer)

 

 

Common Stock, $0.01 Par Value

(Title of Class of Securities)

 

 

04269Q100

(CUSIP Number)

 

 

David K. Robbins, Esq.

Bingham McCutchen LLP

355 South Grand Avenue, 44th Floor

Los Angeles, CA 90071

(213) 680-6400

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

 

November 19, 2008

(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 which 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(b) for other parties to whom copies are to be sent.

 

*   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, as amended (“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).


SCHEDULE 13D

CUSIP No.  04269Q100

 

  1  

NAME OF REPORTING PERSONS

 

            Shamrock Activist Value Fund, L.P.

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  x

(b)  ¨

   
  3  

SEC USE ONLY

 

   
  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

            WC

   
  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

            Not Applicable

  ¨
  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            Delaware

   

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

 

  7    SOLE VOTING POWER

 

                0

 

  8    SHARED VOTING POWER

 

                7,011,812 Common Shares*

 

  9    SOLE DISPOSITIVE POWER

 

                0

 

10    SHARED DISPOSITIVE POWER

 

                7,011,812 Common Shares*

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            7,011,812 Common Shares*

   
12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ¨
13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

            5.708%*

   
14  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

            PN

   

 

* See Item 5 hereof


SCHEDULE 13D

CUSIP No.  04269Q100

 

  1  

NAME OF REPORTING PERSONS

 

            Shamrock Activist Value Fund II, L.P.

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  x

(b)  ¨

   
  3  

SEC USE ONLY

 

   
  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

            WC

   
  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

            Not Applicable

  ¨
  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            Virginia

   

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

 

  7    SOLE VOTING POWER

 

                0

 

  8    SHARED VOTING POWER

 

                4,365 Common Shares*

 

  9    SOLE DISPOSITIVE POWER

 

                0

 

10    SHARED DISPOSITIVE POWER

 

                4,365 Common Shares*

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            4,365 Common Shares*

   
12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ¨
13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

            0.004%*

   
14  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

            PN

   

 

* See Item 5 hereof


SCHEDULE 13D

CUSIP No.  04269Q100

 

  1  

NAME OF REPORTING PERSONS

 

            Shamrock Activist Value Fund III, L.P.

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  x

(b)  ¨

   
  3  

SEC USE ONLY

 

   
  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

            WC

   
  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

            Not Applicable

  ¨
  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            Delaware

   

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

 

  7    SOLE VOTING POWER

 

                0

 

  8    SHARED VOTING POWER

 

                4,337 Common Shares*

 

  9    SOLE DISPOSITIVE POWER

 

                0

 

10    SHARED DISPOSITIVE POWER

 

                4,337 Common Shares*

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            4,337 Common Shares*

   
12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ¨
13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

            0.004%*

   
14  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

            PN

   

 

* See Item 5 hereof


SCHEDULE 13D

CUSIP No.  04269Q100

 

  1  

NAME OF REPORTING PERSONS

 

            Stanley P. Gold

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  x

(b)  ¨

   
  3  

SEC USE ONLY

 

   
  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

            Not Applicable

   
  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

            Not Applicable

  ¨
  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            United States

   

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

 

  7    SOLE VOTING POWER

 

                0*

 

  8    SHARED VOTING POWER

 

                0*

 

  9    SOLE DISPOSITIVE POWER

 

                0*

 

10    SHARED DISPOSITIVE POWER

 

                0*

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            0*

   
12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ¨
13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

            0%*

   
14  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

            OO

   

 

* See Item 5 hereof


SCHEDULE 13D

CUSIP No.  04269Q100

 

  1  

NAME OF REPORTING PERSONS

 

            Dennis A. Johnson

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  x

(b)  ¨

   
  3  

SEC USE ONLY

 

   
  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

            Not Applicable

   
  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

            Not Applicable

  ¨
  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            United States

   

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

 

  7    SOLE VOTING POWER

 

                0*

 

  8    SHARED VOTING POWER

 

                0*

 

  9    SOLE DISPOSITIVE POWER

 

                0*

 

10    SHARED DISPOSITIVE POWER

 

                0*

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            0*

   
12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ¨
13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

            0%*

   
14  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

            OO

   

 

* See Item 5 hereof


SCHEDULE 13D

CUSIP No.  04269Q100

 

  1  

NAME OF REPORTING PERSONS

 

            Shamrock Activist Value Fund GP, L.L.C.

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  x

(b)  ¨

   
  3  

SEC USE ONLY

 

   
  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

            Not Applicable

   
  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

            Not Applicable

  ¨
  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            Delaware

   

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

 

  7    SOLE VOTING POWER

 

                0

 

  8    SHARED VOTING POWER

 

                7,020,514 Common Shares*

 

  9    SOLE DISPOSITIVE POWER

 

                0

 

10    SHARED DISPOSITIVE POWER

 

                7,020,514 Common Shares*

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            7,020,514 Common Shares*

   
12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ¨
13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

            5.72%*

   
14  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

            OO

   

 

* See Item 5 hereof


SCHEDULE 13D

CUSIP No.  04269Q100

 

  1  

NAME OF REPORTING PERSONS

 

            Shamrock Partners Activist Value Fund, L.L.C.

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  x

(b)  ¨

   
  3  

SEC USE ONLY

 

   
  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

            Not Applicable

   
  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

            Not Applicable

  ¨
  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            Delaware

   

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

 

  7    SOLE VOTING POWER

 

                7,020,514 Common Shares*

 

  8    SHARED VOTING POWER

 

                0

 

  9    SOLE DISPOSITIVE POWER

 

                7,020,514 Common Shares*

 

10    SHARED DISPOSITIVE POWER

 

                0

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            7,020,514 Common Shares*

   
12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ¨
13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

            5.72%*

   
14  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

            OO

   

 

* See Item 5 hereof


ITEM 1. Security and Issuer.

The securities to which this statement relates are shares of Common Stock, $0.01 par value per share (“Common Shares”), of Arris Group, Inc., a Delaware corporation (the “Company”). The principal executive offices of the Company are located at 3871 Lakefield Drive, Suwanee, Georgia 30024.

 

ITEM 2. Identity and Background.

(a)-(c), (f). The Reporting Persons are: (i) Shamrock Activist Value Fund, L.P., a Delaware limited partnership (“SAVF”), (ii) Shamrock Activist Value Fund II, L.P., a Virginia limited partnership (“SAVF II”), (iii) Shamrock Activist Value Fund III, L.P., a Delaware limited partnership (“SAVF III”), (iv) Stanley P. Gold, an individual (“Mr. Gold”), (v) Dennis A. Johnson, an individual (“Mr. Johnson”), (vi) Shamrock Activist Value Fund GP, L.L.C., a Delaware limited liability company and the general partner of SAVF, SAVF II and SAVF III (the “General Partner”) and (vii) Shamrock Partners Activist Value Fund, L.L.C., a Delaware limited liability company and the managing member of the General Partner (“Shamrock Partners”, and together with SAVF, SAVF II, SAVF III, Mr. Gold, Mr. Johnson and the General Partner, the “Reporting Persons”). The principal business of SAVF, SAVF II and SAVF III (SAVF, SAVF II and SAVF III are referred to collectively herein as the “Shamrock Activist Value Fund”) is investing in the securities of publicly traded small and micro-cap companies in the United States. The principal business of the General Partner is acting as general partner of the Shamrock Activist Value Fund, and the principal business of Shamrock Partners is acting as the managing member of the General Partner.

The managing members of Shamrock Partners are Shamrock Holdings of California, Inc., a California corporation (“SHOC”), and Mr. Gold, who also is the President of SHOC. All of the capital stock of SHOC is owned by Shamrock Holdings, Inc., a Delaware corporation (“SHI”). SHOC and SHI, together with their subsidiary entities, are holding companies engaged in the making, holding and disposing of investments in various industries, principally in the United States and Israel.

The Roy E. Disney Trust and the Patricia A. Disney Trust each own approximately 2.26% of the common stock of SHI. Roy Patrick Disney, Susan Disney Lord, Abigail Edna Disney and Timothy J. Disney own an aggregate of approximately 45.4% of the common stock of SHI. In addition, Stanley P. Gold is the sole trustee of four trusts established for the benefit of Roy Patrick Disney, Susan Disney Lord, Abigail Edna Disney and Timothy J. Disney, which hold an aggregate of approximately 50% of SHI common stock. Mr. Gold is also the trustee of the Patricia Disney Trust.

The principal executive offices of the Shamrock Activist Value Fund, the General Partner, Shamrock Partners, SHOC and SHI are located at 4444 W. Lakeside Drive, Burbank, California 91505.

The business address of each of the persons listed below is 4444 W. Lakeside Drive, Burbank, California 91505. The names and principal occupations or employments of the


directors, executive officers and controlling persons of the Shamrock Activist Value Fund, the General Partner, Shamrock Partners, SHOC and SHI are as follows:

 

Name

  

Principal Occupation

Or Employment

Roy E. Disney    Chairman of the Board of Directors of SHI and SHOC. Chairman of the Board of Directors of Shamrock Capital Advisors, Inc., a Delaware corporation (“SCA”) (a subsidiary of SHOC that provides management and consulting services, principally to SHOC and investment partnerships organized by SHOC, including businesses in which such partnerships invest). The principal executive office of SCA is 4444 W. Lakeside Drive, Burbank, CA 91505.
Abigail E. Disney    Vice Chairman of the Board of Directors of SHI and Executive Vice President of SHOC; investor.
Roy Patrick Disney    Director of SHI; investor.
Susan Disney Lord    Director of SHI; investor.
Timothy J. Disney    Director of SHI; investor.
Stanley P. Gold    Director and President of SHI and SHOC. Director, President and Managing Director of SCA. Managing Member and President of Shamrock Partners.
Dennis A. Johnson    Managing Director of SCA; Vice President of Shamrock Partners; Portfolio Manager of the Shamrock Activist Value Fund.
Eugene I. Krieger    Vice Chairman of the Board of Directors and Chief Operating Officer of SHI. Vice Chairman of the Board of Directors of SCA. Vice President of SHOC and Shamrock Partners.
Robert G. Moskowitz    Executive Vice President of SHI and SHOC; Managing Director of SCA.
Gregory S. Martin    Chief Financial Officer and Treasurer of SHOC, SHI, SCA and Shamrock Partners.

All of the persons listed above are citizens and residents of the United States.

(d)-(e) During the last five years, none of the Reporting Persons or, to the Reporting Persons’ best knowledge, any of their directors, executive officers or controlling persons, as the case may be, has been convicted in a criminal proceeding (excluding traffic violations or similar


misdemeanors) or has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which such person 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 total amount of funds used by SAVF to purchase the 7,011,812 Common Shares reported herein was $48,894,825 (excluding brokerage commissions). All of such funds were derived from capital contributions to SAVF.

The total amount of funds used by SAVF II to purchase the 4,365 Common Shares reported herein was $30,409 (excluding brokerage commissions). All of such funds were derived from capital contributions to SAVF II.

The total amount of funds used by SAVF III to purchase the 88,823 Common Shares reported herein was $758,751 (excluding brokerage commissions). All of such funds were derived from capital contributions to SAVF III.

 

ITEM 4. Purpose of Transaction.

The Shamrock Activist Value Fund acquired the 7,020,514 shares owned by it based on the Reporting Persons’ belief that the Common Shares represent an attractive investment opportunity.

On November 4, 2008, representatives of the Reporting Persons met with representatives of the Company to discuss the Reporting Persons’ ideas to enhance long-term value for the benefit of the Company’s shareholders. To increase the Company’s long-term value, the Reporting Persons believe the Company should: establish a long-term share repurchase program to return excess cash to its shareholders; enhance its communications with the market; and improve its corporate governance by, among other things: (1) implementing a majority voting standard for the election of directors, (2) separating the positions of chairman and CEO, (3) removing the Company’s “poison pill” rights plan, (4) adopting a clawback provision requiring the executive officers of the Company to return to the Company any incentive payments they received with respect to years in which their conduct caused or partially caused the need for a restatement of the Company’s financial statements or other serious misconduct, (5) developing and disclosing board and management succession plans, (6) holding executive sessions of only non-management directors at each board meeting, and (7) implementing and disclosing (i) equity ownership requirements for outside directors and (ii) holding period requirements for executives and directors.

The Reporting Persons (a) may determine from time to time to acquire additional securities of the Company in the open market, in private transactions or otherwise, and (b) may determine from time to time to sell some or all of the securities they now hold or hereafter acquire, in each case based on factors that such Reporting Persons may deem relevant, which may include, without limitation, (i) market and general economic conditions, (ii) the business affairs and financial conditions of the Company, (iii) the availability of securities at favorable


prices, (iv) alternative investment opportunities available to the Reporting Persons, (v) new or increases or decreases in capital commitments from partners in the Shamrock Activist Value Fund, (vi) the capital requirements of the Shamrock Activist Value Fund, (vii) to honor redemption requests from partners in SAVF, SAVF II or SAVF III, or (viii) other factors from time to time deemed to be relevant by such Reporting Persons.

Except as stated in response to this Item 4, the Reporting Persons shall have no current plans or proposals with respect to the Company or its securities of the types enumerated in paragraphs (a) through (j) of Item 4 to the form Schedule 13D promulgated under the Act.

 

ITEM 5. Interests in Securities of the Issuer.

(a), (b) SAVF, SAVF II and SAVF III are controlled by the General Partner. As a result, each of SAVF, SAVF II and SAVF III may be deemed members of a group and may be deemed to beneficially own for purposes of Section 13(d) the shares beneficially owned for such purposes by the others. Each of SAVF, SAVF II and SAVF III disclaims beneficial ownership of any Common Shares owned by the others.

SAVF is the owner of 7,011,812 Common Shares, which represents approximately 5.708% of the issued and outstanding Common Shares. SAVF II is the owner of 4,365 Common Shares, which represents approximately 0.004% of the issued and outstanding Common Shares. SAVF III is the owner of 4,337 Common Shares, which represents approximately 0.004% of the issued and outstanding Common Shares. Accordingly, the Shamrock Activist Value Fund collectively owns 7,020,514 Common Shares, which represents approximately 5.72% of the issued and outstanding Common Shares.


Mr. Gold is a Managing Member of Shamrock Partners, which is the managing member of the General Partner, which in turn is the general partner of each of SAVF, SAVF II and SAVF III. As a result, Mr. Gold may be deemed to beneficially own for purposes of Section 13(d) the Common Shares that may be deemed to be beneficially owned by such entities. Mr. Gold disclaims beneficial ownership of any Common Shares that may be deemed to be beneficially owned by any of Shamrock Partners, the General Partner or the Shamrock Activist Value Fund.

Mr. Johnson is a Managing Director of SCA, a Vice President of Shamrock Partners, and the Portfolio Manager of the Shamrock Activist Value Fund, and as such has primary responsibility for portfolio investment decisions relating to the Shamrock Activist Value Fund. As a result, Mr. Johnson may be deemed to beneficially own for purposes of Section 13(d) the Common Shares that may be deemed to be beneficially owned by such entities. Mr. Johnson disclaims beneficial ownership of any Common Shares that may be deemed to be beneficially owned by any of Shamrock Partners, the General Partner or the Shamrock Activist Value Fund.

As the general partner of the Shamrock Activist Value Fund, the General Partner may be deemed to beneficially own the 7,020,514 Common Shares owned by Shamrock Activist Value Fund, constituting approximately 5.72% of the issued and outstanding Common Shares. As the managing member of the General Partner, Shamrock Partners may be deemed to beneficially own the 7,020,514 Common Shares owned by the Shamrock Activist Value Fund, constituting approximately 5.72% of the issued and outstanding Common Shares. Shamrock Partners has sole voting and dispositive power with respect to the 7,020,514 Common Shares owned by the Shamrock Activist Value Fund by virtue of its authority to vote and dispose of such Common Shares. Finally, each of the controlling persons of Shamrock Partners may be deemed to beneficially own the 7,020,514 Common Shares owned by the Shamrock Activist Value Fund, pursuant to Rule 13d-3 under the Act. Those controlling persons are identified in response to Item 2.

The percentages of ownership figures set forth above and in this response to Items 5(a) and 5(b) assumes that 122,847,451 Common Shares were outstanding as of November 28, 2008, as reported by the Company in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 6, 2008.

(c) During the last 60 days, SAVF, SAVF II and SAVF III effected transactions with respect to the Common Shares on such dates, in such amounts and at such per share prices (excluding brokerage fees) as indicated on the Schedule of Transactions attached hereto as Exhibit 1 and incorporated herein by reference. All such transactions were effected in the open market on the NASDAQ Global Market System.

Except as referenced above, none of the Reporting Persons beneficially owns any Common Shares or has effected any transactions in Common Shares during the preceding 60 days.

(d) Not applicable.

(e) Not applicable.


ITEM 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

The Reporting Persons have no knowledge of any contracts, arrangements, understandings or relationships (legal or otherwise) among the persons named in response to Item 2 or between such persons and any person with respect to any securities of the Company.

 

ITEM 7. Material to be Filed as Exhibits.

 

         

Document

Exhibit 1       Schedule of Transactions
Exhibit 2       Joint Filing Agreement, dated November 28, 2008, among Shamrock Activist Value Fund, L.P., Shamrock Activist Value Fund II, L.P., Shamrock Activist Value Fund III, L.P., Stanley P. Gold, Dennis A. Johnson, Shamrock Activist Value Fund GP, L.L.C. and Shamrock Partners Activist Value Fund, L.L.C.
Exhibit 3       Power of Attorney, dated November 28, 2008, appointing Dennis A. Johnson as attorney-in-fact for Stanley P. Gold


SIGNATURES

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.

Date: November 28, 2008

 

SHAMROCK ACTIVIST VALUE FUND, L.P.
By:  

Shamrock Activist Value Fund GP, L.L.C.,

its general partner

By:  

Shamrock Partners Activist Value Fund, L.L.C.,

its managing member

By:  

/s/    Dennis A. Johnson

Name:   Dennis A. Johnson
Title:   Vice President
SHAMROCK ACTIVIST VALUE FUND II, L.P.
By:  

Shamrock Activist Value Fund GP, L.L.C.,

its general partner

By:   Shamrock Partners Activist Value Fund, L.L.C., its managing member
By:  

/s/    Dennis A. Johnson

Name:   Dennis A. Johnson
Title:   Vice President
SHAMROCK ACTIVIST VALUE FUND III, L.P.
By:  

Shamrock Activist Value Fund GP, L.L.C.,

its general partner

By:  

Shamrock Partners Activist Value Fund, L.L.C.,

its managing member

By:  

/s/    Dennis A. Johnson

Name:   Dennis A. Johnson
Title:   Vice President

/s/    Stanley P. Gold

Stanley P. Gold

/s/    Dennis A. Johnson

Dennis A. Johnson


SHAMROCK ACTIVIST VALUE FUND GP, L.L.C.
By:  

Shamrock Partners Activist Value Fund, L.L.C.,

its managing member

By:  

/s/    Dennis A. Johnson

Name:   Dennis A. Johnson
Title:   Vice President
SHAMROCK PARTNERS ACTIVIST VALUE FUND, L.L.C.
By:  

/s/    Dennis A. Johnson

Name:   Dennis A. Johnson
Title:   Vice President


Exhibit Index

 

         

Document

Exhibit 1       Schedule of Transactions
Exhibit 2       Joint Filing Agreement, dated November 28, 2008, among Shamrock Activist Value Fund, L.P., Shamrock Activist Value Fund II, L.P., Shamrock Activist Value Fund III, L.P., Stanley P. Gold, Dennis A. Johnson, Shamrock Activist Value Fund GP, L.L.C. and Shamrock Partners Activist Value Fund, L.L.C.
Exhibit 3       Power of Attorney, dated November 28, 2008, appointing Dennis A. Johnson as attorney-in-fact for Stanley P. Gold
EX-1 2 dex1.htm SCHEDULE OF TRANSACTIONS Schedule of Transactions

Exhibit 1

Schedule of Transactions

Shamrock Activist Value Fund, L.P.

 

Date

   Number of
Common Shares
Purchased
   Price Per Common
Share in $US*
   Total
Purchase Price

09/30/08

   142,603    $ 7.5247    $ 1,073,045

10/01/08

   149,816    $ 7.8473    $ 1,175,651

10/02/08

   149,816    $ 7.5164    $ 1,126,077

10/03/08

   149,816    $ 7.4546    $ 1,116,818

10/06/08

   149,816    $ 6.4854    $ 971,617

10/07/08

   149,816    $ 6.7531    $ 1,011,722

10/08/08

   149,816    $ 6.6086    $ 990,074

10/09/08

   149,816    $ 6.3967    $ 958,328

10/10/08

   149,816    $ 5.8523    $ 876,768

10/13/08

   149,813    $ 6.6224    $ 992,122

10/14/08

   149,813    $ 6.9460    $ 1,040,601

10/15/08

   149,813    $ 6.6063    $ 989,710

10/16/08

   149,813    $ 6.1927    $ 927,747

10/17/08

   149,813    $ 6.1929    $ 927,777

10/20/08

   149,813    $ 6.0070    $ 899,927

10/21/08

   149,813    $ 5.6999    $ 853,919

10/29/08

   149,813    $ 6.0403    $ 904,915

10/30/08

   149,813    $ 6.3310    $ 948,466

10/31/08

   149,813    $ 6.7969    $ 1,018,264

11/03/08

   149,813    $ 7.1177    $ 1,066,324

11/04/08

   149,813    $ 6.9691    $ 1,044,062

11/05/08

   149,813    $ 6.7412    $ 1,009,919

11/06/08

   149,813    $ 6.3629    $ 953,245

11/07/08

   149,813    $ 6.1981    $ 928,556

11/11/08

   149,813    $ 6.1173    $ 916,451

11/12/08

   149,813    $ 5.9842    $ 896,511

11/13/08

   149,813    $ 6.0255    $ 902,698

11/14/08

   149,813    $ 6.3110    $ 945,470

11/17/08

   149,813    $ 6.3625    $ 953,185

11/18/08

   149,813    $ 6.4444    $ 965,455

11/19/08

   149,813    $ 6.0600    $ 907,867

11/20/08

   149,813    $ 5.7580    $ 862,623

11/21/08

   149,813    $ 5.4299    $ 813,470


Shamrock Activist Value Fund, L.P.

 

Date

   Number of
Common Shares
Purchased
   Price Per Common
Share in $US*
   Total
Purchase Price

11/24/08

   149,813    $ 6.0589    $ 907,702

11/25/08

   149,813    $ 6.3996    $ 958,743

11/26/08

   149,813    $ 6.9094    $ 1,035,118

11/28/08

   99,875    $ 7.1075    $ 709,862
              

Total:

   5,485,957       $ 35,580,809


Shamrock Activist Value Fund II, L.P.

 

Date

   Number of
Common Shares
Purchased
   Price Per Common
Share in $US*
   Total
Purchase Price

09/30/08

   88    $ 7.5247    $ 662

10/01/08

   92    $ 7.8473    $ 722

10/02/08

   92    $ 7.5164    $ 692

10/03/08

   92    $ 7.4546    $ 686

10/06/08

   92    $ 6.4854    $ 597

10/07/08

   92    $ 6.7531    $ 621

10/08/08

   92    $ 6.6086    $ 608

10/09/08

   92    $ 6.3967    $ 588

10/10/08

   92    $ 5.8523    $ 538

10/13/08

   94    $ 6.6224    $ 623

10/14/08

   94    $ 6.9460    $ 653

10/15/08

   94    $ 6.6063    $ 621

10/16/08

   94    $ 6.1927    $ 582

10/17/08

   94    $ 6.1929    $ 582

10/20/08

   94    $ 6.0070    $ 565

10/21/08

   94    $ 5.6999    $ 536

10/29/08

   94    $ 6.0403    $ 568

10/30/08

   94    $ 6.3310    $ 595

10/31/08

   94    $ 6.7969    $ 639

11/03/08

   94    $ 7.1177    $ 669

11/04/08

   94    $ 6.9691    $ 655

11/05/08

   94    $ 6.7412    $ 634

11/06/08

   94    $ 6.3629    $ 598

11/07/08

   94    $ 6.1981    $ 583

11/11/08

   94    $ 6.1173    $ 575

11/12/08

   94    $ 5.9842    $ 563

11/13/08

   94    $ 6.0255    $ 566

11/14/08

   94    $ 6.3110    $ 593

11/17/08

   94    $ 6.3625    $ 598

11/18/08

   94    $ 6.4444    $ 606

11/19/08

   94    $ 6.0600    $ 570

11/20/08

   94    $ 5.7580    $ 541

11/21/08

   94    $ 5.4299    $ 510

11/24/08

   94    $ 6.0589    $ 570

11/25/08

   94    $ 6.3996    $ 602


Shamrock Activist Value Fund II, L.P.

 

Date

   Number of
Common Shares
Purchased
   Price Per Common
Share in $US*
   Total
Purchase Price

11/26/08

   94    $ 6.9094    $ 649

11/28/08

   63    $ 7.1075    $ 448
              

Total:

   3,425       $ 22,208

Shamrock Activist Value Fund III, L.P.

 

        

Date

   Number of
Common Shares
Purchased or Sold
   Price Per Common
Share in $US*
   Total
Purchase or Sale

Price

09/30/08

   7,309    $ 7.5247    $ 54,998

10/01/08

   92    $ 7.8473    $ 722

10/02/08

   92    $ 7.5164    $ 692

10/03/08

   92    $ 7.4546    $ 686

10/06/08

   92    $ 6.4854    $ 597

10/07/08

   92    $ 6.7531    $ 621

10/08/08

   92    $ 6.6086    $ 608

10/09/08

   92    $ 6.3967    $ 588

10/10/08

   92    $ 5.8523    $ 538

10/13/08

   93    $ 6.6224    $ 616

10/14/08

   93    $ 6.9460    $ 646

10/15/08

   93    $ 6.6063    $ 614

10/16/08

   93    $ 6.1927    $ 576

10/17/08

   93    $ 6.1929    $ 576

10/20/08

   93    $ 6.0070    $ 559

10/21/08

   93    $ 5.6999    $ 530

10/29/08

   93    $ 6.0403    $ 562

10/30/08

   93    $ 6.3310    $ 589

10/31/08

   93    $ 6.7969    $ 632

11/03/08

   93    $ 7.1177    $ 662

11/04/08

   93    $ 6.9691    $ 648

11/05/08

   93    $ 6.7412    $ 627

11/06/08

   93    $ 6.3629    $ 592

11/07/08

   93    $ 6.1981    $ 576

11/10/08

   -84,486    $ 6.1423    $ -518,938

11/11/08

   93    $ 6.1173    $ 569

11/12/08

   93    $ 5.9842    $ 557


Shamrock Activist Value Fund III, L.P.

 

Date

   Number of
Common Shares
Purchased or Sold
   Price Per Common
Share in $US*
   Total
Purchase or Sale
Price

11/13/08

   93    $ 6.0255    $ 560

11/14/08

   93    $ 6.3110    $ 587

11/17/08

   93    $ 6.3625    $ 592

11/18/08

   93    $ 6.4444    $ 599

11/19/08

   93    $ 6.0600    $ 564

11/20/08

   93    $ 5.7580    $ 535

11/21/08

   93    $ 5.4299    $ 505

11/24/08

   93    $ 6.0589    $ 563

11/25/08

   93    $ 6.3996    $ 595

11/26/08

   93    $ 6.9094    $ 643

11/28/08

   62    $ 7.1075    $ 441
              

Total:

   -73,868       $ -442,573

 

* Excludes Brokerage Commissions
EX-2 3 dex2.htm JOINT FILING AGREEMENT Joint Filing Agreement

Exhibit 2

AGREEMENT

JOINT FILING OF SCHEDULE 13D

AND ALL FUTURE AMENDMENTS

TO SCHEDULE 13D

Each of the undersigned hereby agrees to file jointly the Statement on Schedule 13D to which this Agreement is attached, and any amendments to the Statement on Schedule 13D (the “Schedule 13D”) with respect to Common Shares of Arris Group, Inc. which may be deemed necessary, pursuant to Regulation 13D under the Securities Exchange Act of 1934.

It is understood and agreed that each of the parties hereto is responsible for the timely filing of such statement and any future amendments to the Schedule 13D, and for the completeness and accuracy of the information concerning such party contained therein, but such party is not responsible for the completeness or accuracy of information concerning any other party unless such party knows or has reason to believe that such information is inaccurate.

It is understood and agreed that a copy of this Agreement shall be attached as an exhibit to the Statement on the Schedule 13D, and any future amendments to the Schedule 13D, filed on behalf of each of the parties hereto.

Date: November 28, 2008

 

SHAMROCK ACTIVIST VALUE FUND, L.P.
By:  

Shamrock Activist Value Fund GP, L.L.C.,

its general partner

By:  

Shamrock Partners Activist Value Fund, L.L.C.,

its managing member

By:  

/s/    Dennis A. Johnson

Name:   Dennis A. Johnson
Title:   Vice President
SHAMROCK ACTIVIST VALUE FUND II, L.P.
By:  

Shamrock Activist Value Fund GP, L.L.C.,

its general partner

By:  

Shamrock Partners Activist Value Fund, L.L.C.,

its managing member

By:  

/s/    Dennis A. Johnson

Name:   Dennis A. Johnson
Title:   Vice President


SHAMROCK ACTIVIST VALUE FUND III, L.P.
By:  

Shamrock Activist Value Fund GP, L.L.C.,

its general partner

By:  

Shamrock Partners Activist Value Fund, L.L.C.,

its managing member

By:  

/s/    Dennis A. Johnson

Name:   Dennis A. Johnson
Title:   Vice President

/s/    Stanley P. Gold

Stanley P. Gold

/s/    Dennis A. Johnson

Dennis A. Johnson
SHAMROCK ACTIVIST VALUE FUND GP, L.L.C.
By:  

Shamrock Partners Activist Value Fund, L.L.C.,

its managing member

By:  

/s/    Dennis A. Johnson

Name:   Dennis A. Johnson
Title:   Vice President
SHAMROCK PARTNERS ACTIVIST VALUE FUND, L.L.C.
By:  

/s/    Dennis A. Johnson

Name:   Dennis A. Johnson
Title:   Vice President
EX-3 4 dex3.htm POWER OF ATTORNEY Power of Attorney

Exhibit 3

POWER OF ATTORNEY

The undersigned hereby constitutes and appoints Dennis A. Johnson his true and lawful attorney attorney-in-fact and agent, with full power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, to sign this Statement on Schedule 13D and any and all amendments thereto with respect to Arris Group, Inc., and to file the same, with all exhibits thereto, and other documents in connection therewith, with the United States Securities and Exchange Commission, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, and his substitute or substitutes, may lawfully do or cause to be done by virtue thereof.

Date: November 28, 2008

 

/s/    Stanley P. Gold

Stanley P. Gold
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