-----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, O4WdBl9NjbEZ3s72cME5oU2eMGTrsyidQ6NU6Wp+Hl61WGVmF+lRgnUw+WTOtuuD VQtlukZTT+2164Y3TavQhA== 0000912057-02-014116.txt : 20020415 0000912057-02-014116.hdr.sgml : 20020415 ACCESSION NUMBER: 0000912057-02-014116 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20020408 GROUP MEMBERS: MCM MANAGEMENT, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DJ ORTHOPEDICS INC CENTRAL INDEX KEY: 0001157972 STANDARD INDUSTRIAL CLASSIFICATION: ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES [3842] IRS NUMBER: 330978270 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-78052 FILM NUMBER: 02604909 BUSINESS ADDRESS: STREET 1: 2985 SCOTT STREET CITY: VISTA STATE: CA ZIP: 92083 BUSINESS PHONE: 7607271280 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MMI INVESTMENTS II-A LP CENTRAL INDEX KEY: 0001089447 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 141810589 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: C/O MMI INVESTMENTS LLC, GENERAL PARTNER STREET 2: 26 WING RD CITY: MILLBROOK STATE: NY ZIP: 12545 BUSINESS PHONE: 9146778383 MAIL ADDRESS: STREET 1: C/O MMI INVESTMENTS LLC, GENERAL PARTNER STREET 2: WING ROAD RR 1, BOX 167D CITY: MILLBROOK STATE: NY ZIP: 12545 SC 13D 1 a2076065zsc13d.htm SC 13D
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D
(Rule 13d-101)

Information to Be Included in Statements Filed Pursuant
To Rule 13d-1(a) and Amendment Thereto Filed Pursuant to Rule 13d-2(a)


dj Orthopedics, Inc.
(Name of Issuer)

Common Stock, $0.01 par value per share
(Title of Class of Securities)

23325G104
(CUSIP Number)

Jerome J. Lande
MMI Investments II-A, L.P.
152 West 57th Street
New York, New York 10019
(212) 586-4333

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

March 28, 2002
(Date of Event That 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 Section 240.13d-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 that 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 (the "Exchange 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).


CUSIP No.    23325G104   13D   Page 2 of 6 Pages

 

 

 

 

 

 

 

(1)   Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons

 

 

MMI INVESTMENTS II-A, L.P.
I.R.S. Identification No.: 141810589

 

 

 

 

 

 

 

(2)   Check the Appropriate Box if a Member   (a)   / /
    of a Group   (b)   / /

 

 

 

 

 

 

 

(3)   SEC Use Only        

 

 

 

 

 

 

 

(4)   Source of Funds        

 

 

OO

 

 

 

 

 

 

 

 

 

 

 

(5)   Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)

 

 

 

 

 

 

 

(6)   Citizenship or Place of Organization

 

 

Delaware

 

 

 

 

 

 

 

 

 

 

 

Number of Shares Beneficially Owned by Each Reporting Person With   (7)   Sole Voting Power

 

 

 

 

 

 

900,000

 

 

 

 

 

 

 
       
        (8)   Shared Voting Power

 

 

 

 

 

 

 
       
        (9)   Sole Dispositive Power

 

 

 

 

 

 

900,000

 

 

 

 

 

 

 
       
        (10)   Shared Dispositive Power

 

 

 

 

 

 

 

(11)   Aggregate Amount Beneficially Owned by Each Reporting Person

 

 

900,000

 

 

 

 

 

 

 

 

 

 

 

(12)   Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

 

 

 

 

 

 

(13)   Percent of Class Represented by Amount in Row (11)

 

 

5.0%

 

 

 

 

 

 

 

 

 

 

 

(14)   Type of Reporting Person

 

 

PN

 

 

 

 

 

 

 

 

 

 

 

SEE ITEM 5 OF TEXT BELOW

CUSIP No.    23325G104   13D   Page 3 of 6 Pages

 

 

 

 

 

 

 

(1)   Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons

 

 

MCM Management, LLC
I.R.S. Identification No.: 14-1814578

 

 

 

 

 

 

 

(2)   Check the Appropriate Box if a Member   (a)   / /
    of a Group   (b)   / /

 

 

 

 

 

 

 

(3)   SEC Use Only        

 

 

 

 

 

 

 

(4)   Source of Funds        

 

 

AF

 

 

 

 

 

 

 

 

 

 

 

(5)   Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)

 

 

 

 

 

 

 

(6)   Citizenship or Place of Organization

 

 

Delaware

 

 

 

 

 

 

 

 

 

 

 

Number of Shares Beneficially Owned by Each Reporting Person With   (7)   Sole Voting Power

 

 

 

 

 

 

 
       
        (8)   Shared Voting Power

 

 

 

 

 

 

900,000

 

 

 

 

 

 

 
       
        (9)   Sole Dispositive Power

 

 

 

 

 

 

 
       
        (10)   Shared Dispositive Power

 

 

 

 

 

 

900,000

 

 

 

 

 

 

 

(11)   Aggregate Amount Beneficially Owned by Each Reporting Person

 

 

900,000

 

 

 

 

 

 

 

 

 

 

 

(12)   Check if the Aggregate Amount in Row (11) Excludes Certain Shares

 

 

 

 

 

 

 

(13)   Percent of Class Represented by Amount in Row (11)

 

 

5.0%

 

 

 

 

 

 

 

 

 

 

 

(14)   Type of Reporting Person

 

 

OO

 

 

 

 

 

 

 

 

 

 

 

SEE ITEM 5 OF TEXT BELOW


ITEM 1. SECURITY AND ISSUER

        This statement on Schedule 13D (this "Statement") relates to the common stock, par value $0.01 per share (the "Common Stock"), of dj Orthopedics, Inc., a Delaware corporation (the "Issuer" or "Company") whose principal executive office is located at 2985 Scott Street, Vista, California 92083.


ITEM 2. IDENTITY AND BACKGROUND

            (a)  This statement is being filed on behalf of (i) MMI Investments II-A, L.P., a Delaware limited partnership ("MMI Investments") and (ii) MCM Management, LLC, a Delaware limited liability company ("MCM") (MMI Investments together with MCM, the "Reporting Person").

            (b)  The principal place of business and principal offices of both MMI Investments and MCM is located at 152 West 57th Street, New York, New York 10019.

            (c)  MMI Investments is engaged primarily in the business of investing in publicly traded securities. MCM is the general partner of MMI Investments and its principal business is investing in publicly traded securities.

            (d)  Neither the Reporting Person nor, to the Reporting Person's knowledge, any individual listed on Schedule I is required to disclose legal proceedings pursuant to Item 2(d).

            (e)  Neither the Reporting Person nor, to the Reporting Person's knowledge, any individual listed on Schedule I is required to disclose legal proceedings pursuant to Item 2(e).

            (f)    To the Reporting Person's knowledge, each of the individuals identified on Schedule I attached hereto is a citizen of the United States.

        Set forth on Schedule I, annexed to this Schedule 13D and incorporated herein by reference, is the name and present principal occupation or employment, and the name, principal business, and address of any corporation or other organization in which such employment is conducted, of each of the directors and executive officers of the Reporting Person as of the date hereof.


ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

        The total purchase price of the 900,000 shares of Common Stock purchased by MMI Investments was $6,495,260, all of which has been financed by incurring margin loans. These margin loans were obtained from Bear, Stearns & Co. Inc. under customary terms and conditions. The entire principal amount of such margin loans remains outstanding as of the date of this Statement.


ITEM 4. PURPOSE OF TRANSACTION

        The Reporting Persons purchased the shares of Common Stock for investment. The Reporting Persons intend to review from time to time their respective ownership of such shares and may, depending upon evaluations of the business and prospects of the Issuer, or such other considerations as may be relevant, determine to increase, decrease, or dispose of its holdings in the Common Stock or otherwise change their investment intent.

        Other than as described in this Item 4, no Reporting Person has any current plan or proposal that relates to or would result in the following:

            (a)  the acquisition by any person of additional securities of the Issuer or the disposition of the securities of the Issuer;

            (b)  an extraordinary corporate transaction involving the Issuer or any of its subsidiaries;

            (c)  a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries;

4 of 6


            (d)  any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or terms of directors or to fill any existing vacancies on the board;

            (e)  a material change in the present capitalization or dividend policy of the Issuer;

            (f)    any other material change in the Issuer's business or corporate structure;

            (g)  changes in the Issuer's charter, bylaws, or instruments corresponding thereto or other actions that may impede the acquisition of control of the Issuer by any person;

            (h)  causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association;

            (i)    a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Exchange Act; or

            (j)    any action similar to any of those enumerated above, though the Reporting Person reserves the right to develop such plans.


ITEM 5. INTEREST IN SECURITIES OF THE ISSUER

            (a)-(b) Based on approximately 17,855,566 shares of Common Stock outstanding as of February 28, 2002, as reported in the Issuer's Annual Report on Form 10-K, filed March 21, 2002, the shares of Common Stock owned by MMI Investments represents approximately 5% of the outstanding Common Stock. MMI Investments has the sole power to direct the vote and disposition of such shares on the date of this Statement.

            By virtue of being the general partner of MMI Investments, MCM may be deemed to be the beneficial owner of the shares of Common Stock of the Issuer owned by MMI Investments and to have shared power over the voting and disposition of such shares. Except for the shares of Common Stock owned by MMI Investments, as of the date hereof, neither MCM nor, to MMI Investments' and MCM's knowledge, any of the persons listed on Schedule I annexed to the original Statement on Schedule 13D owns any Common Stock of the Issuer or have any right to acquire, directly or indirectly, any beneficial ownership of other securities of the Issuer.

            (c)  Except for the open market purchases of Common Stock by MMI Investments set forth in Schedule II attached hereto and incorporated herein by reference, there have been no transactions with respect to the Common Stock during the past 60 days by MMI Investments, MCM, or, to MMI Investments' and MCM's knowledge, any of the persons listed on Schedule I annexed to the original Statement on Schedule 13D.

            (d)  No other person other than MMI Investments is known to MMI Investments and MCM to have the right to receive or the power to direct the receipt of dividends from or the proceeds from the sale of, any of the shares of Common Stock referred to in item 5(a) above.

            (e)  Not applicable.


ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS, OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER

        By virtue of being the general partner of MMI Investments, MCM may be deemed to be the beneficial owner of the shares of Common Stock of the Issuer owned by MMI Investments.


ITEM 7. MATERIAL TO BE FILED AS EXHIBITS

        See Exhibit Index appearing elsewhere herein, which is incorporated herein by reference.

5 of 6



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: April 8, 2002   MMI INVESTMENTS II-A, L.P.
    By:   MCM Management, LLC
General Partner

 

 

By:

 

/s/  
JEROME J. LANDE      
Jerome J. Lande
Vice President

 

 

MCM MANAGEMENT, LLC

 

 

By:

 

/s/  
JEROME J. LANDE      
Jerome J. Lande
Vice President

6 of 6



SCHEDULE I

MCM Management, LLC ("MCM")

Voting Members

Name and Business Address

  Position and Principal Occupation
John S. Dyson
152 West 57th Street
New York, New York 10019
  Voting Member and Chairman of MCM;
Voting Member and Chairman of Millcap Advisors, LLC ("Millcap"), 152 West 57th Street, New York, New York 10019

Clay B. Lifflander
152 West 57th Street
New York, New York 10019

 

Voting Member and President of MCM;
Voting Member and President of Millcap

Alan L. Rivera
152 West 57th Street
New York, New York 10019

 

Voting Member, Executive Vice President, and Secretary of MCM;
Voting Member, Executive Vice President, Chief Financial Officer, and General Counsel of Millcap


SCHEDULE II
Open Market Purchases by MMI Investments
During Past 60 Days

Date
  Number of Shares
  Price/Share
3/20/02   1,000   7.66
3/20/02   110,000   7.70
3/20/02   42,000   7.75
3/20/02   20,000   7.77
3/20/02   15,000   7.78
3/20/02   35,000   7.80
3/21/02   20,000   6.20
3/21/02   5,000   6.40
3/21/02   500   6.45
3/21/02   15,900   6.50
3/21/02   5,000   6.60
3/21/02   6,000   6.65
3/21/02   17,500   6.70
3/21/02   42,600   6.75
3/21/02   47,500   6.90
3/21/02   15,000   6.93
3/21/02   113,500   6.95
3/21/02   235,000   7.00
3/22/02   100,000   7.40
3/28/02   3,500   7.80
3/28/02   24,000   7.90
3/28/02   14,000   7.95
3/28/02   12,000   8.00


EXHIBIT INDEX

NUMBER

  DESCRIPTION
1.   Joint Filing Agreement dated as of April 8, 2002, by and between MMI Investments and MCM.



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SIGNATURE
SCHEDULE I MCM Management, LLC ("MCM") Voting Members
SCHEDULE II Open Market Purchases by MMI Investments During Past 60 Days
EXHIBIT INDEX
EX-99.1 3 a2076065zex-99_1.htm EXHIBIT 99.1
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JOINT FILING AGREEMENT

        In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, each of the undersigned does hereby consent and agree to the joint filing on behalf of each of them of a Statement on Schedule 13D and all amendments thereto with respect to the Common Stock, par value $0.01 per share, of dj Orthopedics, Inc. beneficially owned by each of them, and to the inclusion of this Joint Filing Agreement as an exhibit thereto.

Date: April 8, 2002   MMI INVESTMENTS II-A, L.P.
    By:   MCM Management, LLC
General Partner

 

 

By:

 

/s/  
JEROME J. LANDE      
Jerome J. Lande
Vice President

 

 

MCM MANAGEMENT, LLC

 

 

By:

 

/s/  
JEROME J. LANDE      
Jerome J. Lande
Vice President



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JOINT FILING AGREEMENT
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