0001193125-12-054962.txt : 20120213 0001193125-12-054962.hdr.sgml : 20120213 20120213103656 ACCESSION NUMBER: 0001193125-12-054962 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120213 DATE AS OF CHANGE: 20120213 GROUP MEMBERS: ANTHONY R. IGNACZAK GROUP MEMBERS: QUAD-C ADVISORS VI, LLC GROUP MEMBERS: QUAD-C PARTNERS VI, LP GROUP MEMBERS: TERRENCE D. DANIELS SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ASSET ACCEPTANCE CAPITAL CORP CENTRAL INDEX KEY: 0001264707 STANDARD INDUSTRIAL CLASSIFICATION: SHORT-TERM BUSINESS CREDIT INSTITUTIONS [6153] IRS NUMBER: 800076779 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-80445 FILM NUMBER: 12595943 BUSINESS ADDRESS: STREET 1: 28405 VAN DYKE AVENUE CITY: WARREN STATE: MI ZIP: 48093 BUSINESS PHONE: (586) 939-9600 MAIL ADDRESS: STREET 1: 28405 VAN DYKE AVENUE CITY: WARREN STATE: MI ZIP: 48093 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AAC QUAD C INVESTORS LLC CENTRAL INDEX KEY: 0001278223 IRS NUMBER: 200647370 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 230 EAST HIGH STREET CITY: CHARLOTTESVILLE STATE: VA ZIP: 22902 BUSINESS PHONE: 4349799122 MAIL ADDRESS: STREET 1: 230 EAST HIGH STREET CITY: CHARLOTTESVILLE STATE: VA ZIP: 22902 SC 13G/A 1 d299430dsc13ga.htm SCHEDULE 13G AMENDMENT NO. 6 Schedule 13G Amendment No. 6

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934

(Amendment No. 6)*

 

 

ASSET ACCEPTANCE CAPITAL CORP.

(Name of Issuer)

 

 

Common Stock, $0.01 par value per share

(Title of Class of Securities)

04543P100

(CUSIP Number)

February 13, 2012

(Date of Event Which Requires Filings of This Statement)

 

 

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

¨ Rule 13d-1(b)

¨ Rule 13d-1(c)

x 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).

 

 

 

 

CUSIP No. 04543P100  

 

  (1)   

Names of reporting persons:

 

AAC Quad-C Investors LLC

  (2)  

Check the appropriate box if a member of a group:

 

(a)  x

 

(b)  ¨

  (3)  

SEC use only:

 

  (4)  

Citizenship or place of organization:

 

Virginia

Number of

shares

beneficially

owned by

each

reporting

person

with:

    (5)    

Sole voting power:

 

10,932,051

   (6)   

Shared voting power:

 

-0-

   (7)   

Sole dispositive power:

 

10,932,051

   (8)   

Shared dispositive power:

 

-0-

  (9)

  

Aggregate amount beneficially owned by each reporting person:

 

10,932,051

(10)

  

Check if the aggregate amount in Row (9) excludes certain shares:

 

¨

(11)

  

Percent of class represented by amount in Row (9):

 

35.6%

(12)

  

Type of reporting person:

 

CO

 

 

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CUSIP No. 04543P100  

 

  (1)   

Names of reporting persons:

 

Quad-C Partners VI, LP

  (2)  

Check the appropriate box if a member of a group:

 

(a)  x

 

(b)  ¨

  (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:

 

10,770,497

   (6)   

Shared voting power:

 

-0-

   (7)   

Sole dispositive power:

 

10,770,497

   (8)   

Shared dispositive power:

 

-0-

  (9)

  

Aggregate amount beneficially owned by each reporting person:

 

10,770,497

(10)

  

Check if the aggregate amount in Row (9) excludes certain shares:

 

¨

(11)

  

Percent of class represented by amount in Row (9):

 

35.1%    

(12)

  

Type of reporting person:

 

PN

 

 

3 of 14

 

CUSIP No. 04543P100  

 

  (1)   

Names of reporting persons:

 

Quad-C Advisors VI, LLC

  (2)  

Check the appropriate box if a member of a group:

 

(a)  x

 

(b)  ¨

  (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:

 

10,770,497

   (6)   

Shared voting power:

 

-0-

   (7)   

Sole dispositive power:

 

10,770,497

   (8)   

Shared dispositive power:

 

-0-

  (9)

  

Aggregate amount beneficially owned by each reporting person:

 

10,770,497

(10)

  

Check if the aggregate amount in Row (9) excludes certain shares:

 

¨

(11)

  

Percent of class represented by amount in Row (9):

 

35.1%

(12)

  

Type of reporting person:

 

CO

 

 

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CUSIP No. 04543P100  

 

  (1)   

Names of reporting persons:

 

Terrence D. Daniels

  (2)  

Check the appropriate box if a member of a group:

 

(a)  x

 

(b)  ¨

  (3)  

SEC use only:

 

  (4)  

Citizenship or place of organization:

 

United States of America

Number of

shares

beneficially

owned by

each

reporting

person

with:

    (5)    

Sole voting power:

 

109,452

   (6)   

Shared voting power:

 

10,932,051

   (7)   

Sole dispositive power:

 

109,452

   (8)   

Shared dispositive power:

 

10,932,051

  (9)

  

Aggregate amount beneficially owned by each reporting person:

 

11,041,503

(10)

  

Check if the aggregate amount in Row (9) excludes certain shares:

 

¨

(11)

  

Percent of class represented by amount in Row (9):

 

36.0%

(12)

  

Type of reporting person:

 

IN

 

 

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CUSIP No. 04543P100  

 

  (1)   

Names of reporting persons:

 

Anthony R. Ignaczak

  (2)  

Check the appropriate box if a member of a group:

 

(a)  x

 

(b)  ¨

  (3)  

SEC use only:

 

  (4)  

Citizenship or place of organization:

 

United States of America

Number of

shares

beneficially

owned by

each

reporting

person

with:

    (5)    

Sole voting power:

 

109,452

   (6)   

Shared voting power:

 

10,932,051

   (7)   

Sole dispositive power:

 

109,452

   (8)   

Shared dispositive power:

 

10,932,051

  (9)

  

Aggregate amount beneficially owned by each reporting person:

 

11,041,503

(10)

  

Check if the aggregate amount in Row (9) excludes certain shares:

 

¨

(11)

  

Percent of class represented by amount in Row (9):

 

36.0%

(12)

  

Type of reporting person:

 

IN

 

 

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Item 1.

 

  (a) Name of Issuer:

Asset Acceptance Capital Corp.

 

  (b) Address of Issuer’s Principal Executive Offices:

28405 Van Dyke Avenue

Warren, Michigan 48093

Item 2.

 

  (a) Name of Person Filing:

This Schedule 13G is filed by those persons named in Paragraph 1 of pages 2—6 above, to which reference is hereby made.

 

  (b) Address of Principal Business Office or, if none, Residence:

230 East High Street

Charlottesville, Virginia 22902

 

  (c) Citizenship:

See Paragraph 4 of pages 2—6 above, to which reference is hereby made.

 

  (d) Title of Class of Securities

Common Stock, $0.01 par value per share

 

  (e) CUSIP Number

04543P100

 

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:

 

  (a) ¨ Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);

 

  (b) ¨ Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);

 

  (c) ¨ Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);

 

  (d) ¨ Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

 

  (e) ¨ An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

 

  (f) ¨ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

 

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  (g) ¨ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

 

  (h) ¨ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 

  (i) ¨ A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

 

  (j) ¨ A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);

 

  (k) ¨ Group, in accordance with §240.13d-1(b)(1)(ii)(K).

 

Item 4. Ownership.

 

  (a) Amount beneficially owned:

AAC Quad-C Investors LLC is the direct beneficial owner of 10,932,051 shares of common stock of the issuer. Quad-C Partners VI, LP holds a 98.5222% membership interest in AAC Quad-C Investors LLC, and, as such, may be deemed to beneficially own 10,770,497 shares of common stock held by AAC Quad-C Investors LLC. Quad-C Advisors VI, LLC is the general partner of Quad-C Partners VI, LP, and, as such, may be deemed to beneficially own 10,770,497 shares of common stock held by AAC Quad-C Investors LLC.

Terrence D. Daniels is a Vice President of AAC Quad-C Investors LLC and a Vice President of Quad-C Advisors VI, LLC which is the general partner of Quad-C Partners VI, LP, and, as such, shares voting and dispositive power as to the shares held by AAC Quad-C Investors LLC, Quad-C Partners VI LP and Quad-C Advisors VI, LLC. Mr. Daniels disclaims beneficial ownership of these shares except to the extent of Mr. Daniels’ pecuniary interest therein. In addition, Mr. Daniels, as of the date hereof, has the right to acquire 82,692 shares of common stock of the issuer through currently exercisable options, 20,092 shares through deferred stock units that vest upon discontinuation of service as a director and 6,668 shares through restricted stock units that vest upon discontinuation of service as a director.

Anthony R. Ignaczak is the President of AAC Quad-C Investors LLC and is the President of Quad-C Advisors VI, LLC which is the general partner of Quad-C Partners VI, LP, and, as such, shares voting and dispositive power as to the shares held by AAC Quad-C Investors LLC, Quad-C Partners VI, LP and Quad-C Advisors VI, LLC. Mr. Ignaczak disclaims beneficial ownership of these shares except to the extent of Mr. Ignaczak’s pecuniary interest therein. In addition, Mr. Ignaczak, as of the date hereof, has the right to acquire 82,692 shares of common stock of the issuer through currently exercisable options, 20,092 shares through deferred stock units that vest upon discontinuation of service as a director and 6,668 shares through restricted stock units that vest upon discontinuation of service as a director.

 

8 of 14

  (b) Percent of class: See Paragraph 11 of pages 2—6 of this Schedule 13G.

For purposes of these percentages, the reporting person has used 30,684,552 shares as the number of outstanding shares of common stock of the issuer as reported in the issuer’s Form 10-Q for the quarter ended September 30, 2011.

 

  (c) Number of shares as to which the person has:

 

  (i) Sole power to vote or to direct the vote:

  See Paragraph 5 of pages 2—6 of this Schedule 13G.

 

  (ii) Shared power to vote or to direct the vote:

  See Paragraph 6 of pages 2—6 of this Schedule 13G.

 

  (iii) Sole power to dispose or to direct the disposition of:

  See Paragraph 7 of pages 2—6 of this Schedule 13G.

 

  (iv) Shared power to dispose or to direct the disposition of:

  See Paragraph 8 of pages 2—6 of this Schedule 13G.

 

Item 5. Ownership of Five Percent or Less of a Class.

Not Applicable.

 

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Not Applicable.

 

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. Certifications.

Not Applicable.

 

9 of 14

SIGNATURES

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.

 

February 13, 2012     AAC QUAD-C INVESTORS LLC
    By:  

/s/ Anthony R. Ignaczak

      Anthony R. Ignaczak, President

 

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SIGNATURES

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.

 

February 13, 2012     QUAD-C PARTNERS VI, LP
    By:   QUAD-C ADVISORS VI, LLC, its general partner
    By:   /s/ Anthony R. Ignaczak
      Anthony R. Ignaczak, President

 

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SIGNATURES

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.

 

February 13, 2012     QUAD-C ADVISORS VI, LLC
    By:  

/s/ Anthony R. Ignaczak

      Anthony R. Ignaczak, President

 

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SIGNATURES

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.

 

February 13, 2012     By:  

/s/ Terrence D. Daniels

      Terrence D. Daniels

 

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SIGNATURES

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.

 

February 13, 2012     By:  

/s/ Anthony R. Ignaczak

      Anthony R. Ignaczak

 

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