0000903423-12-000447.txt : 20120912 0000903423-12-000447.hdr.sgml : 20120912 20120912163108 ACCESSION NUMBER: 0000903423-12-000447 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20120912 DATE AS OF CHANGE: 20120912 GROUP MEMBERS: BREEDEN CAPITAL PARTNERS LLC GROUP MEMBERS: BREEDEN PARTNERS (CALIFORNIA) II L.P. GROUP MEMBERS: BREEDEN PARTNERS (CALIFORNIA) L.P. GROUP MEMBERS: BREEDEN PARTNERS (CAYMAN) LTD. GROUP MEMBERS: BREEDEN PARTNERS (NEW YORK) I L.P. GROUP MEMBERS: BREEDEN PARTNERS HOLDCO LTD. GROUP MEMBERS: BREEDEN PARTNERS L.P. GROUP MEMBERS: RICHARD C. BREEDEN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ZALE CORP CENTRAL INDEX KEY: 0000109156 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-JEWELRY STORES [5944] IRS NUMBER: 750675400 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-30781 FILM NUMBER: 121088140 BUSINESS ADDRESS: STREET 1: 901 W WALNUT HILL LN STREET 2: MS 6B-3 CITY: IRVING STATE: TX ZIP: 75038 BUSINESS PHONE: 9725804000 MAIL ADDRESS: STREET 1: 901 WEST WALNUT HILL LANE STREET 2: MAIL STOP 6B-3 CITY: IRVING STATE: TX ZIP: 75038-1003 FORMER COMPANY: FORMER CONFORMED NAME: ZALE JEWELRY CO INC DATE OF NAME CHANGE: 19710510 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Breeden Capital Management LLC CENTRAL INDEX KEY: 0001376259 IRS NUMBER: 113765220 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 100 NORTHFIELD STREET CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 203-618-0065 MAIL ADDRESS: STREET 1: 100 NORTHFIELD STREET CITY: GREENWICH STATE: CT ZIP: 06830 SC 13D/A 1 breeden-zales13da12_0910.htm Unassociated Document

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
 
SCHEDULE 13D
 
Under the Securities Exchange Act of 1934
(Amendment No. 12)*
 
Zale Corporation
(Name of Issuer)
 
Common Stock, $0.01 par value
(Title of Class of Securities)
 
988858106
(CUSIP Number)
 
Nandita Hogan
Breeden Capital Management LLC
100 Northfield Street
Greenwich, Connecticut 06830
(203) 618-0065

  (Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
 
September 11, 2012
(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 §§240.13d-l(e), 240.13d-l(f) or 240.13d-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 §240.13d-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 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 (“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)

 
Page 1 of 13
 
 
 
CUSIP No.  988858106
 
 
1.
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
 
Breeden Capital Management LLC
 
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
(a)        o
(b)        x
 
3.
SEC Use Only
  4. Source of Funds (See Instructions) 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     0
8. Shared Voting Power     4,939,550
9. Sole Dispositive Power     0
10. Shared Dispositive Power      4,939,550
  11. Aggregate Amount Beneficially Owned by Each Reporting Person       4,939,550
  12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
  13. Percent of Class Represented by Amount in Row (11)     15.3%*
  14. Type of Reporting Person (See Instructions)
OO
 
 
 
*All percentages relating to beneficial ownership of Common Stock are based upon 32,219,702 shares outstanding, which is the total number of shares outstanding as of June 4, 2012, as reported in the Company’s Form 10-Q for the quarter ended April 30, 2012.
 

 

 
 
Page 2 of 13
 

 
 
CUSIP No.  988858106
 
 
1.
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
 
Breeden Partners (California) L.P.
 
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
(a)        o
(b)        x
 
3.
SEC Use Only
  4. Source of Funds (See Instructions) 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     0
8. Shared Voting Power     4,882,668
9. Sole Dispositive Power     0
10. Shared Dispositive Power      4,882,668
  11. Aggregate Amount Beneficially Owned by Each Reporting Person      4,882,668
  12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
  13. Percent of Class Represented by Amount in Row (11)     15.2%
  14. Type of Reporting Person (See Instructions)
PN
 
 



 
Page 3 of 13
 


 
CUSIP No.  988858106
 
 
1.
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
 
Breeden Partners L.P.
 
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
(a)        o
(b)        x
 
3.
SEC Use Only
  4. Source of Funds (See Instructions) 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     0
8. Shared Voting Power      33,686
9. Sole Dispositive Power     0
10. Shared Dispositive Power      33,686
  11. Aggregate Amount Beneficially Owned by Each Reporting Person      33,686
  12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
  13. Percent of Class Represented by Amount in Row (11)     0.1%
  14. Type of Reporting Person (See Instructions)
PN
 
 


 
Page 4 of 13
 

CUSIP No.  988858106
 
 
1.
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
 
Breeden Partners (California) II L.P.
 
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
(a)        o
(b)        x
 
3.
SEC Use Only
  4. Source of Funds (See Instructions) 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     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 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)
PN
 


 
Page 5 of 13
 

CUSIP No.  988858106
 
 
1.
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
 
Breeden Partners (New York) I L.P.
 
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
(a)        o
(b)        x
 
3.
SEC Use Only
  4. Source of Funds (See Instructions) 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     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 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)
PN
 


 
Page 6 of 13
 

CUSIP No.  988858106
 
 
1.
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
 
Breeden Partners Holdco Ltd.
 
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
(a)        o
(b)        x
 
3.
SEC Use Only
  4. Source of Funds (See Instructions) AF
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
  6. Citizenship or Place of Organization     Cayman Islands
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 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


 
Page 7 of 13
 

CUSIP No.  988858106
 
 
1.
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
 
Breeden Partners (Cayman) Ltd.
 
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
(a)        o
(b)        x
 
3.
SEC Use Only
  4. Source of Funds (See Instructions) AF
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
  6. Citizenship or Place of Organization     Cayman Islands
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 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
 
 


 
Page 8 of 13
 


CUSIP No.  988858106
 
1.
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
 
Breeden Capital Partners LLC
 
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
(a)        o
(b)        x
 
3.
SEC Use Only
  4. Source of Funds (See Instructions) 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     0
8. Shared Voting Power     4,939,550
9. Sole Dispositive Power     0
10. Shared Dispositive Power      4,939,550
  11. Aggregate Amount Beneficially Owned by Each Reporting Person      4,939,550
  12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
  13. Percent of Class Represented by Amount in Row (11)     15.3%
  14. Type of Reporting Person (See Instructions)
OO
 
 
Page 9 of 13
 

CUSIP No.  988858106
 
 
1.
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
 
Richard C. Breeden
 
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
(a)        o
(b)        x
 
3.
SEC Use Only
  4. Source of Funds (See Instructions) AF
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
  6. Citizenship or Place of Organization     United States
Number of
Shares Beneficially
Owned by Each
Reporting 
Person With
7. Sole Voting Power     19,022
8. Shared Voting Power    4,939,550
9. Sole Dispositive Power     19,022
10. Shared Dispositive Power      4,939,550
  11. Aggregate Amount Beneficially Owned by Each Reporting Person      4,958,572
  12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
  13. Percent of Class Represented by Amount in Row (11)     15.4%
  14. Type of Reporting Person (See Instructions)
IN
 



 
Page 10 of 13
 


This Amendment No.12 (this “Amendment”) amends and supplements the Schedule 13D filed with the Securities and Exchange Commission on June 10, 2011, as previously amended (the “Schedule 13D”), relating to the common stock, par value $0.01 per share (“Common Stock”), of Zale Corporation, a Delaware corporation (the “Company”).   Terms defined in the Schedule 13D are used herein with the same meaning.

Items 5 and 7 of the Schedule 13D are hereby amended and restated.

ITEM 5.   INTEREST IN SECURITIES OF THE ISSUER.

(a)-(b)             The responses of the Reporting Persons to Rows (7) through (13) on the cover pages of this Statement on Schedule 13D are incorporated herein by reference.

(c)  On   September 11, 2012, the California II Fund distributed 743,657 shares of Common Stock to investors for no consideration, including 4,136 shares to Breeden Capital Partners LLC.  Except as set forth above, no Reporting Person has effected any transaction in shares of Common Stock during the 60 days preceding the date hereof.

(d)           Not applicable.

(e)           Not applicable.

ITEM 7.   MATERIALS TO BE FILED AS EXHIBITS.

EXHIBIT 1.
Agreement as to Joint Filing of Schedule 13D, dated September 11, 2012 by and among the Delaware Fund, the California Fund, the California II Fund, the New York Fund, Holdco, BPC, the General Partner, the Advisor and Mr. Breeden.



 
Page 11 of 13
 

 
 
SIGNATURES
 
 
After reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated:  September 12, 2012




BREEDEN PARTNERS L.P.
 
By:  Breeden Capital Partners LLC,
        General Partner

By:   /s/  Richard C. Breeden                                
           Richard C. Breeden
           Managing Member


BREEDEN PARTNERS (CALIFORNIA) L.P.

By:  Breeden Capital Partners LLC,
        General Partner

By:   /s/  Richard C. Breeden                                
   Richard C. Breeden
           Managing Member

BREEDEN PARTNERS (CALIFORNIA) II L.P.

By:  Breeden Capital Partners LLC,
        General Partner

By:   /s/  Richard C. Breeden                                
    Richard C. Breeden
            Managing Member

BREEDEN PARTNERS (NEW YORK) I L.P.

By:  Breeden Capital Partners LLC,
        General Partner

By:   /s/  Richard C. Breeden                                
    Richard C. Breeden
            Managing Member


BREEDEN PARTNERS HOLDCO LTD.

By:   /s/  Richard C. Breeden                                
          Richard C. Breeden
          Key Principal

 
 
 
Page 12 of 13
 

BREEDEN CAPITAL PARTNERS LLC

By:   /s/  Richard C. Breeden                                
   Richard C. Breeden
           Managing Member


BREEDEN CAPITAL MANAGEMENT LLC

By:   /s/  Richard C. Breeden                                
   Richard C. Breeden
           Managing Member


BREEDEN PARTNERS (CAYMAN) LTD.

By:   /s/  Richard C. Breeden                                
          Richard C. Breeden
          Key Principal


 /s/  Richard C. Breeden                                        
Richard C. Breeden
 


 

 
Page 13 of 13
 
 
 EX-1 2 breeden-zales13da12ex1_0910.htm Unassociated Document
Exhibit 1
Agreement of Joint Filing
 
Pursuant to 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, the undersigned persons hereby agree to file with the Securities and Exchange Commission the Statement on Schedule 13D (the “Statement”) to which this Agreement is attached as an exhibit, and agree that such Statement, as so filed, is filed on behalf of each of them.
 
IN WITNESS WHEREOF, the undersigned have executed this Agreement.
 
Dated:  September 12, 2012


BREEDEN PARTNERS L.P.
 
By:  Breeden Capital Partners LLC,
        General Partner

By:   /s/  Richard C. Breeden                                
           Richard C. Breeden
           Managing Member


BREEDEN PARTNERS (CALIFORNIA) L.P.

By:  Breeden Capital Partners LLC,
        General Partner

By:   /s/  Richard C. Breeden                                
   Richard C. Breeden
           Managing Member

BREEDEN PARTNERS (CALIFORNIA) II L.P.

By:  Breeden Capital Partners LLC,
        General Partner

By:   /s/  Richard C. Breeden                                
    Richard C. Breeden
            Managing Member

BREEDEN PARTNERS (NEW YORK) I L.P.

By:  Breeden Capital Partners LLC,
        General Partner

By:   /s/  Richard C. Breeden                                
    Richard C. Breeden
            Managing Member


BREEDEN PARTNERS HOLDCO LTD.

By:   /s/  Richard C. Breeden                                
          Richard C. Breeden
          Key Principal

 
 
 
 
 

BREEDEN CAPITAL PARTNERS LLC

By:   /s/  Richard C. Breeden                                
   Richard C. Breeden
           Managing Member


BREEDEN CAPITAL MANAGEMENT LLC

By:   /s/  Richard C. Breeden                                
   Richard C. Breeden
           Managing Member


BREEDEN PARTNERS (CAYMAN) LTD.

By:   /s/  Richard C. Breeden                                
          Richard C. Breeden
          Key Principal


 /s/  Richard C. Breeden                                        
Richard C. Breeden