-----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, Pll7z3d6Q4436cjTNk5/LwJF6M6R/Di6p6PYn6hleHsuGj8p90JuVNL4dKIhz53f Ama9lGBourmKuHuZGh0E/w== 0000905148-07-003133.txt : 20070405 0000905148-07-003133.hdr.sgml : 20070405 20070405163523 ACCESSION NUMBER: 0000905148-07-003133 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070405 DATE AS OF CHANGE: 20070405 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Nalco Holding CO CENTRAL INDEX KEY: 0001298341 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS CHEMICAL PRODUCTS [2890] IRS NUMBER: 161701300 FISCAL YEAR END: 1204 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-80171 FILM NUMBER: 07752317 BUSINESS ADDRESS: STREET 1: 1601 WEST DIEHL ROAD CITY: NAPERVILLE STATE: IL ZIP: 60563 BUSINESS PHONE: (630) 305-1000 MAIL ADDRESS: STREET 1: 1601 WEST DIEHL ROAD CITY: NAPERVILLE STATE: IL ZIP: 60563 FORMER COMPANY: FORMER CONFORMED NAME: Nalco CORP DATE OF NAME CHANGE: 20040723 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/A 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/A 1 efc7-1165_sc13ga.txt UNITED STATES SECURITIES EXCHANGE COMMISSION Washington, D.C. 20549 - ------------------------------------------------------------------------------ SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2) NALCO HOLDING COMPANY --------------------- (Name of Issuer) Common Stock, par value $0.01 per share --------------------------------------- (Title of Class of Securities) 62985Q101 --------- (CUSIP Number) April 3, 2007 ----------------- (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 9 Pages SCHEDULE 13G CUSIP No.: 62985Q101 Page 2 of 9 Pages ............................................................................... 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). 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 ............................................................................... Number of 5. Sole Voting Power None Shares ................................................................ Beneficially 6. Shared Voting Power 16,029,030 Owned by Each ................................................................ Reporting 7. Sole Dispositive Power None Person With ................................................................ 8. Shared Dispositive Power 16,029,030 ............................................................................... 9. Aggregate Amount Beneficially Owned by Each Reporting Person 16,029,030 ............................................................................... 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] ............................................................................... 11. Percent of Class Represented by Amount in Row (9) 11.10% based on 144,355,802 shares outstanding as of March 19, 2007. ............................................................................... 12. Type of Reporting Person: OO SCHEDULE 13G CUSIP No.: 62985Q101 Page 3 of 9 Pages ............................................................................... 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). GLENVIEW CAPITAL GP, 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 ............................................................................... Number of 5. Sole Voting Power None Shares ................................................................ Beneficially 6. Shared Voting Power 14,393,330 Owned by Each ................................................................ Reporting 7. Sole Dispositive Power None Person With ................................................................ 8. Shared Dispositive Power 14,393,330 ............................................................................... 9. Aggregate Amount Beneficially Owned by Each Reporting Person 14,393,330 ............................................................................... 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) 9.97% based on 144,355,802 shares outstanding as of March 19, 2007. ............................................................................... 12. Type of Reporting Person: OO SCHEDULE 13G CUSIP No.: 62985Q101 Page 4 of 9 Pages ............................................................................... 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). GLENVIEW CAPITAL MASTER FUND, LTD. ............................................................................... 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 5. Sole Voting Power None Shares ................................................................ Beneficially 6. Shared Voting Power 8,793,430 Owned by Each ................................................................ Reporting 7. Sole Dispositive Power None Person With ................................................................ 8. Shared Dispositive Power 8,793,430 ............................................................................... 9. Aggregate Amount Beneficially Owned by Each Reporting Person 8,793,430 ............................................................................... 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) 6.09% based on 144,355,802 shares outstanding as of March 19, 2007. ............................................................................... 12. Type of Reporting Person: OO SCHEDULE 13G CUSIP No.: 62985Q101 Page 5 of 9 Pages ............................................................................... 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). 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 ............................................................................... Number of 5. Sole Voting Power None Shares ................................................................ Beneficially 6. Shared Voting Power 16,029,030 Owned by Each ................................................................ Reporting 7. Sole Dispositive Power None Person With ................................................................ 8. Shared Dispositive Power 16,029,030 ............................................................................... 9. Aggregate Amount Beneficially Owned by Each Reporting Person 16,029,030 ............................................................................... 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] ............................................................................... 11. Percent of Class Represented by Amount in Row (9) 11.10% based on 144,355,802 shares outstanding as of March 19, 2007. ............................................................................... 12. Type of Reporting Person: IA Page 6 of 9 Pages Item 1(a). Name of Issuer: Nalco Holding Company (the "Issuer") Item 1(b). Address of Issuer's Principal Executive Offices: 1601 West Diehl Road, Naperville, Illinois 60563-1198. 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) Glenview Capital GP, LLC ("Glenview Capital GP"); iii) Glenview Capital Master Fund, Ltd. ("Glenview Capital Master Fund"); and iv) 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 Institutional Partners, L.P., a Delaware limited partnership ("Glenview Institutional Partners"), Glenview Capital Master Fund, a Cayman Islands exempted company, Glenview Offshore Opportunity Fund, Ltd., a Cayman Islands exempted Company ("Glenview Offshore Opportunity fund"), Glenview Capital Oppotunity Fund, L.P., a Delaware limited partnership ("Glenview Capital Opportunity Fund"), GCM Little Arbor Master Fund, Ltd., a Cayman Islands exempted company ("GCM Little Arbor Master Fund"), GCM Little Arbor Institutional Partners, L.P., a Delaware limited partnership ("GCM Little Arbor Institutional Partners"), GCM Little Arbor Partners, L.P., a Delaware limited partnership ("GCM Little Arbor Partners"), and GCM Opportunity Fund, L.P., a Delaware limited partnership ("GCM Opportunity Fund"). Glenview Capital Management serves as investment manager to each of Glenview Capital Partners, Glenview Institutional Partners, Glenview Capital Master Fund, Glenview Offshore Opportunity Fund, Glenview Capital Opportunity Fund, GCM Little Arbor Master Fund, GCM Little Arbor Institutional Partners, GCM Little Arbor Partners, and GCM Opportunity Fund. In such capacity, Glenview Capital Management may be deemed to have voting and dispositive power over the Shares held for the accounts of each of Glenview Capital Partners, Glenview Institutional Partners, Glenview Capital Master Fund, Glenview Offshore Opportunity Fund, Glenview Capital Opportunity Fund, GCM Little Arbor Master Fund, GCM Little Arbor Institutional Partners, GCM Little Arbor Partners, and GCM Opportunity Fund. Glenview Capital GP is the general partner of Glenview Capital Partners, Glenview Institutional Partners, GCM Little Arbor Institutional Partners and GCM Little Arbor Partners. Glenview Capital GP also serves as the sponsor of the Glenview Capital Master Fund and the GCM Little Arbor Master Fund. In such capacities, Glenview Capital GP may be deemed to have voting and dispositive power over the Shares held for the accounts of each of Glenview Capital Partners, Glenview Institutional Partners, Glenview Capital Master Fund, GCM Little Arbor Master Fund, GCM Little Arbor Institutional Partners, and GCM Little Arbor Partners. Mr. Robbins is the Chief Executive Officer of Glenview Capital Management and Glenview Capital GP. 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, Glenview Capital GP, and Mr. Robbins is 767 Fifth Avenue, 44th Floor, New York, New York 10153. The address of the principal business office of Glenview Capital Master Fund is Harbour Centre, North Church Street, P.O. Box 8966T, George Town, Grand Cayman, Cayman Islands, British West Indies. Page 7 of 9 Pages Item 2(c). Citizenship: i) Glenview Capital Management is a Delaware limited liability company; ii) Glenview Capital GP is a Delaware limited liability company; iii) Glenview Capital Master Fund is a Cayman Islands exempted company; and iv) Mr. Robbins is a citizen of the United States of America. Item 2(d). Title of Class of Securities: Common Stock, par value $0.01 per share (the "Shares") Item 2(e). CUSIP Number: 62985Q101 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. Item 4. Ownership: Item 4(a) Amount Beneficially Owned: (i) As of April 3, 2007, each of Glenview Capital Management and Mr. Robbins may be deemed to be the beneficial owner of 16,029,030 Shares. This amount consists of: (A) 720,200 Shares held for the account of Glenview Capital Partners; (B) 8,793,430 Shares held for the account of Glenview Capital Master Fund; (C) 553,100 Shares held for the account of Glenview Offshore Opportunity Fund; (D) 1,030,400 Shares held for the account of Glenview Capital Opportunity Fund; (E) 3,726,600 Shares held for the account of Glenview Institutional Partners; (F) 962,920 Shares held for the account of GCM Little Arbor Master Fund, (G) 184,260 Shares held for the account of GCM Little Arbor Institutional Partners, (H) 5,920 Shares held for the account of GCM Little Arbor Partners, and (I) 52,200 Shares held for GCM Opportunity Fund. (ii) As of April 3, 2007, Glenview Capital GP may be deemed to be the beneficial owner of 14,393,330 Shares. This amount consists of: (A) 720,200 Shares held for the account of Glenview Capital Partners; (B) 8,793,430 Shares held for the account of Glenview Capital Master Fund; (C) 3,726,600 Shares held for the account of Glenview Institutional Partners; (D) 962,920 Shares held for the account of GCM Little Arbor Master Fund, (E) 184,260 Shares held for the account of GCM Little Arbor Institutional Partners, and (F) 5,920 Shares held for the account of GCM Little Arbor Partners. (iii) As of April 3, 2007, Glenview Capital Master Fund may be deemed to be the beneficial owner of 8,793,430 Shares. This amount consists of 8,793,430 Shares held for its account. Item 4(b) Percent of Class: (i) The number of Shares of which each of Glenview Capital Management and Mr. Robbins may be deemed to be the beneficial owner constitutes approximately 11.10% of the total number of Shares outstanding (based upon information provided by the Issuer in its most recently-filed proxy statement, there were approximately 144,355,802 shares outstanding as of March 19, 2007). (ii) The number of Shares of which Glenview Capital GP may be deemed to be the beneficial owner constitutes approximately 9.97% of the total number of Shares outstanding (based upon information provided by the Issuer in its most recently-filed proxy statement, there were approximately 144,355,802 shares outstanding as of March 19, 2007). (iii) The number of Shares of which Glenview Capital Master Fund may be deemed to be the beneficial owner constitutes approximately 6.09% of the total number of Shares outstanding (based upon information provided by the Issuer in its most recently-filed proxy statement, there were approximately 144,355,802 shares outstanding as of March 19, 2007). Page 8 of 9 Pages Item 4(c) Number of Shares of 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: 16,029,030 (iii) Sole power to dispose or direct the disposition of: 0 (iv) Shared power to dispose or direct the disposition of: 16,029,030 Glenview Capital GP: - ------------------- (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 14,393,330 (iii) Sole power to dispose or direct the disposition of: 0 (iv) Shared power to dispose or direct the disposition of: 14,393,330 Glenview Capital Master Fund: - ---------------------------- (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 8,793,430 (iii) Sole power to dispose or direct the disposition of: 0 (iv) Shared power to dispose or direct the disposition of: 8,793,430 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 9 of 9 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: April 5, 2007 GLENVIEW CAPITAL MANAGEMENT, LLC By: /s/ Lawrence M. Robbins --------------------------------- Name: Lawrence M. Robbins Title: Chief Executive Officer Date: April 5, 2007 GLENVIEW CAPITAL GP, LLC By: /s/ Lawrence M. Robbins --------------------------------- Name: Lawrence M. Robbins Title: Chief Executive Officer Date: April 5, 2007 GLENVIEW CAPITAL MASTER FUND, LTD. By: Glenview Capital Management, LLC As Investment Manager By: /s/ Lawrence M. Robbins --------------------------------- Name: Lawrence M. Robbins Title: Chief Executive Officer Date: April 5, 2007 LAWRENCE M. ROBBINS /s/ Lawrence M. Robbins ---------------------------- -----END PRIVACY-ENHANCED MESSAGE-----