sc13dza

0000950123-09-010262.txt : 20090602 0000950123-09-010262.hdr.sgml : 20090602 20090602060135 ACCESSION NUMBER: 0000950123-09-010262 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20090602 DATE AS OF CHANGE: 20090602 GROUP MEMBERS: MEZZANINE MANAGEMENT FUND IV A, L.P. GROUP MEMBERS: MEZZANINE MANAGEMENT FUND IV COINVEST A, L.P. GROUP MEMBERS: MEZZANINE MANAGEMENT LIMITED SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ARGYLE SECURITY, INC. CENTRAL INDEX KEY: 0001332585 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-DETECTIVE, GUARD & ARMORED CAR SERVICES [7381] IRS NUMBER: 203101079 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-81380 FILM NUMBER: 09866648 BUSINESS ADDRESS: STREET 1: 200 CONCORD PLAZA STREET 2: SUITE 700 CITY: SAN ANTONIO STATE: TX ZIP: 78216 BUSINESS PHONE: 210-828-1700 MAIL ADDRESS: STREET 1: 200 CONCORD PLAZA STREET 2: SUITE 700 CITY: SAN ANTONIO STATE: TX ZIP: 78216 FORMER COMPANY: FORMER CONFORMED NAME: Argyle Security Acquisition CORP DATE OF NAME CHANGE: 20050708 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MEZZANINE MANAGEMENT LTD CENTRAL INDEX KEY: 0001434284 IRS NUMBER: 000000000 STATE OF INCORPORATION: D0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: CENTURY HOUSE, 16 PAR LA VILLE ROAD CITY: HAMILTON STATE: D0 ZIP: HM 08 BUSINESS PHONE: 203.323.9118 MAIL ADDRESS: STREET 1: C/O MEZZANINE MANAGEMENT, LLC STREET 2: 333 LUDLOW STREET, 2ND FL, NORTH TOWER CITY: STAMFORD STATE: CT ZIP: 06902 SC 13D/A 1 h67028sc13dza.htm AMENDMENT TO SCHEDULE 13D sc13dza

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

SCHEDULE 13D

(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
§240.13d-2(a)

(Amendment No. 3)^*

Argyle Security, Inc.

(Name of Issuer)

Common Stock, par value $0.0001

(Title of Class of Securities)

040311102

(CUSIP Number)

Mezzanine Management Limited
Century House
16 Par la Ville Road
Hamilton, Bermuda
Attention: Arthur Morris
(441) 296-8099

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

May 28, 2009

(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 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: o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 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 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 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.		040311102	13D	Page		2		of		6 Pages

NAMES OF REPORTING PERSONS

Mezzanine Management Fund IV A, L.P.

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

(a) þ

(b) o

SEC USE ONLY

SOURCE OF FUNDS (SEE INSTRUCTIONS)

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

CITIZENSHIP OR PLACE OF ORGANIZATION

United Kingdom

SOLE VOTING POWER

NUMBER OF

SHARED VOTING POWER

BENEFICIALLY

OWNED BY

4,941,100

EACH

SOLE DISPOSITIVE POWER

REPORTING

PERSON

WITH

SHARED DISPOSITIVE POWER

4,941,100

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

4,941,100 shares of common stock

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

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

45.8%

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)


CUSIP No.		893522 20 1	13D	Page		3		of		7 Pages

NAMES OF REPORTING PERSONS

Mezzanine Management Fund IV Coinvest A, L.P.

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

(a) þ

(b) o

SEC USE ONLY

SOURCE OF FUNDS (SEE INSTRUCTIONS)

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

CITIZENSHIP OR PLACE OF ORGANIZATION

United Kingdom

SOLE VOTING POWER

NUMBER OF

SHARED VOTING POWER

BENEFICIALLY

OWNED BY

69,700

EACH

SOLE DISPOSITIVE POWER

REPORTING

PERSON

WITH

SHARED DISPOSITIVE POWER

69,700

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

69,700 shares of common stock

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

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

1.1%

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)


CUSIP No.		893522 20 1	13D	Page		4		of		7 Pages

NAMES OF REPORTING PERSONS

Mezzanine Management Limited

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

(a) þ

(b) o

SEC USE ONLY

SOURCE OF FUNDS (SEE INSTRUCTIONS)

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

CITIZENSHIP OR PLACE OF ORGANIZATION

Bermuda

SOLE VOTING POWER

NUMBER OF

SHARED VOTING POWER

BENEFICIALLY

OWNED BY

5,010,800

EACH

SOLE DISPOSITIVE POWER

REPORTING

PERSON

WITH

SHARED DISPOSITIVE POWER

5,010,800

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

5,010,800 shares of common stock

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

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

46.1%

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)


CUSIP No.		893522 20 1	13D	Page		5		of		7 Pages

Amendment No. 3 to Schedule 13D

This Amendment No. 3 to Schedule 13D (this “Third Amendment”) amends and supplements the Schedule 13D originally filed on May 5, 2008, as amended by Amendment No. 1 filed on January 15, 2009 and Amendment No. 2 filed on May 20, 2009 (the “Schedule 13D”), and relates to the common stock, par value $0.0001 (the “Common Stock”), of Argyle Security, Inc., a Delaware corporation (the “Issuer”). This Third Amendment is being filed by and on behalf of Mezzanine Management Fund IV A, L.P., a limited partnership organized under the laws of the United Kingdom (“Fund IV”), Mezzanine Management Fund IV Coinvest A, L.P., a limited partnership organized under the laws of the United Kingdom (“Fund IV Coinvest”), and Mezzanine Management Limited, a limited partnership organized under the laws of Bermuda (“Mezzanine”). Fund IV, Fund IV Coinvest, and Mezzanine are collectively referred to herein as the “Reporting Persons.”

Item 3. Source and Amount of Funds or Other Consideration.

Item 3 of the Schedule 13D is hereby amended and supplemented, with effect from the date of this Third Amendment, as follows:

On May 28 and May 29, 2009, the Reporting Persons acquired 166,000 and 242,500 shares of Common Stock, respectively, for an aggregate of 408,500 shares, in multiple open market transactions, with the purchase price ranging from $0.84 to $0.90 per share on May 28 and from $0.91 to $1.00 on May 29.

Item 4. Purpose of the Transaction.

Paragraphs (a), (b), (d), (e), (f), (h), (i) and (j) of Item 4 of the Schedule 13D are hereby amended and supplemented, with effect from the date of this Third Amendment, as follows:

On May 19, 2009, MML Capital Partners LLC, a Delaware limited liability company and an affiliate of the Reporting Persons (“MML”), made an offer on behalf of the Reporting Persons to acquire all of the outstanding shares of Common Stock for $1.00 per share through a merger transaction (the “Offer”), subject to the terms and conditions set forth in a letter submitted by MML to the Issuer’s board of directors (the “Initial Letter”). Unless the Initial Letter was accepted by the Issuer on or before 5:00 pm Eastern Daylight Time on May 29, 2009, the Offer would expire pursuant to its terms. On June 1, 2009, MML extended the deadline to 5:00 pm Eastern Daylight Time on June 12, 2009. A copy of the Initial Letter is attached hereto as Exhibit D and a copy of the letter extending the deadline for acceptance of the Offer is attached hereto as Exhibit E.

Item 5. Interest in Securities of the Issuer.

Item 5(c) of the Schedule 13D is hereby amended and supplemented, with effect from the date of this Third Amendment, as follows:

(c)

On May 28 and May 29, 2009, the Reporting Persons acquired 166,000 and 242,500 shares of Common Stock, respectively, for an aggregate of 408,500 shares, in multiple


CUSIP No.		893522 20 1	13D	Page		6		of		7 Pages

open market transactions, with the purchase price ranging from $0.84 to $0.90 per share on May 28 and from $0.91 to $1.00 on May 29.

Item 7. Material to be Filed as Exhibits.

Item 7 of the Schedule 13D is hereby amended and restated, with effect from the date of this Third Amendment, as follows:

Exhibit A – Joint Filing Agreement for the Third Amendment.

Exhibit B – Series A Purchase Agreement (incorporated by reference to Exhibit 10.1 to the current report on Form 8-K filed by the Issuer (File No. 000-1332585) with the SEC on April 25, 2008).

Exhibit C – Series B Purchase Agreement (incorporated by reference to Exhibit 10.1 to the current report on Form 8-K filed by the Issuer (File No. 000-1332585) with the SEC on January 9, 2009).

Exhibit D — Letter from MML to the Issuer’s Board of Directors dated May 19, 2009, describing the terms of the Offer (incorporated by reference to Exhibit B to Amendment No. 2 to Schedule 13D of MML filed on May 20, 2009).

Exhibit E — Letter from MML to the Special Committee of the Issuer’s Board of Directors dated June 1, 2009, extending the deadline for acceptance of the Offer.


CUSIP No.		893522 20 1	13D	Page		7		of		7 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: June 1, 2009



		MEZZANINE MANAGEMENT FUND IV A, L.P.

		By:		/s/ Christopher C. Morris

		Name:		Christopher C. Morris
		Title:		Authorized Signatory

		MEZZANINE MANAGEMENT FUND IV COINVEST A, L.P.

		By:		/s/ Christopher C. Morris

		Name:		Christopher C. Morris
		Title:		Authorized Signatory

		MEZZANINE MANAGEMENT LIMITED

		By:		/s/ Christopher C. Morris

		Name:		Christopher C. Morris
		Title:		Authorized Signatory

EXHIBIT A

JOINT FILING AGREEMENT

The undersigned agree that this Third Amendment dated June 1, 2009, relating to Argyle Security, Inc., shall be filed on behalf of the undersigned.



		MEZZANINE MANAGEMENT FUND IV A, L.P.

		By:		/s/ Christopher C. Morris

		Name:		Christopher C. Morris
		Title:		Authorized Signatory

		MEZZANINE MANAGEMENT FUND IV COINVEST A, L.P.

		By:		/s/ Christopher C. Morris

		Name:		Christopher C. Morris
		Title:		Authorized Signatory

		MEZZANINE MANAGEMENT LIMITED

		By:		/s/ Christopher C. Morris

		Name:		Christopher C. Morris
		Title:		Authorized Signatory

EX-99.E 2 h67028exv99we.htm EX-99.E exv99we


				Stamford Harbor Park 333 Ludlow Street Stamford, CT 06902 USA tel: 203 323 9118 fax: 203 323 9119

MML CAPITAL PARTNERS LLC

June 1, 2009

The Special Committee of the Board of Directors
c/o Dean H. Blythe, Chairman
Argyle Security, Inc.
12903 Delivery Drive
San Antonio, Texas 78247

Mr. Blythe:

We are in receipt of your letter dated May 29, 2009 and confirm that the expiration date for our offer to the board of directors of Argyle Security, Inc. dated May 19, 2009 (the “Offer Letter”) shall be extended to June 12, 2009. Except as modified by this letter, the terms and conditions of the Offer Letter remain the same.


Very truly yours, MML Capital Partners LLC
By:	/s/ Robert Davies
	Name:	Robert M. Davies
	Title:	Managing Director

^LONDON ^PARIS ^FRANKFURT ^STAMFORD

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