-----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, LsHvIm7PvyyjcV9+V0zZwApGyoBcN81V/xVgQgh68LNyI/Tq4ShIg3UG2FXVkt+c Y4X3vho36v7bhHZd7RxHsA== 0000902664-10-000384.txt : 20100208 0000902664-10-000384.hdr.sgml : 20100208 20100208170344 ACCESSION NUMBER: 0000902664-10-000384 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100208 DATE AS OF CHANGE: 20100208 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SMURFIT STONE CONTAINER CORP CENTRAL INDEX KEY: 0000919226 STANDARD INDUSTRIAL CLASSIFICATION: PAPERBOARD MILLS [2631] IRS NUMBER: 431531401 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-43979 FILM NUMBER: 10581560 BUSINESS ADDRESS: STREET 1: 150 NORTH MICHIGAN AVENUE CITY: CHICAGO STATE: IL ZIP: 60601 BUSINESS PHONE: 3123466600 MAIL ADDRESS: STREET 1: 150 NORTH MICHIGAN AVENUE CITY: CHICAGO STATE: IL ZIP: 60601 FORMER COMPANY: FORMER CONFORMED NAME: JEFFERSON SMURFIT CORP /DE/ DATE OF NAME CHANGE: 19941205 FORMER COMPANY: FORMER CONFORMED NAME: SIBV MS HOLDINGS INC DATE OF NAME CHANGE: 19940222 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Venor Capital Management LP CENTRAL INDEX KEY: 0001399348 IRS NUMBER: 043816218 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 7 TIMES SQUARE STREET 2: SUITE 3505 CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 212-703-2132 MAIL ADDRESS: STREET 1: 7 TIMES SQUARE STREET 2: SUITE 3505 CITY: NEW YORK STATE: NY ZIP: 10036 SC 13D/A 1 p10-0261sc13da.txt VENOR CAPITAL MASTER FUND LTD. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 1)* Smurfit-Stone Container Corporation - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $0.01 par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 832727101 - -------------------------------------------------------------------------------- (CUSIP Number) David Zemel c/o Venor Capital Management LP 7 Times Square New York, New York 10036 with a copy to: Eleazer N. Klein, Esq. Schulte Roth & Zabel LLP 919 Third Avenue New York, NY 10022 (212) 756-2000 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 4, 2010 ------------------ (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 [ ]. 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 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). (Continued on following pages) (Page 1 of 10 Pages) - ---------------------------- ---------------------------- CUSIP No. 832727101 SCHEDULE 13D/A Page 2 of 10 Pages - ---------------------------- ---------------------------- 1 NAME OF REPORTING PERSON Venor Capital Master Fund Ltd. - ------------- ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - ------------- ----------------------------------------------------------------- 3 SEC USE ONLY - ------------- ----------------------------------------------------------------- 4 SOURCE OF FUNDS WC - ------------- ----------------------------------------------------------------- 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 7 SOLE VOTING POWER SHARES 0 ----------- ----------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED 0 ----------- ----------------------------------------------------- BY EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 ----------- ----------------------------------------------------- PERSON 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 | | - ------------- ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0% - ------------- ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO - ------------- ----------------------------------------------------------------- - ---------------------------- ---------------------------- CUSIP No. 832727101 SCHEDULE 13D/A Page 3 of 10 Pages - ---------------------------- ---------------------------- 1 NAME OF REPORTING PERSON Venor Capital Management LP - ------------- ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - ------------- ----------------------------------------------------------------- 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 7 SOLE VOTING POWER SHARES 0 ----------- ----------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED 0 ----------- ----------------------------------------------------- BY EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 ----------- ----------------------------------------------------- PERSON 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 | | - ------------- ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0% - ------------- ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN, IA - ------------- ----------------------------------------------------------------- - ---------------------------- ---------------------------- CUSIP No. 832727101 SCHEDULE 13D/A Page 4 of 10 Pages - ---------------------------- ---------------------------- 1 NAME OF REPORTING PERSON Venor Capital Management GP LLC - ------------- ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - ------------- ----------------------------------------------------------------- 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 7 SOLE VOTING POWER SHARES 0 ----------- ----------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED 0 ----------- ----------------------------------------------------- BY EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 ----------- ----------------------------------------------------- PERSON 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 | | - ------------- ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0% - ------------- ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO - ------------- ----------------------------------------------------------------- - ---------------------------- ---------------------------- CUSIP No. 832727101 SCHEDULE 13D/A Page 5 of 10 Pages - ---------------------------- ---------------------------- 1 NAME OF REPORTING PERSON Jeffrey Bersh - ------------- ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - ------------- ----------------------------------------------------------------- 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 United States - ------------- ----------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 ----------- ----------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED 0 ----------- ----------------------------------------------------- BY EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 ----------- ----------------------------------------------------- PERSON 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 | | - ------------- ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0% - ------------- ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - ------------- ----------------------------------------------------------------- - ---------------------------- ---------------------------- CUSIP No. 832727101 SCHEDULE 13D/A Page 6 of 10 Pages - ---------------------------- ---------------------------- 1 NAME OF REPORTING PERSON Michael Wartell - ------------- ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - ------------- ----------------------------------------------------------------- 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 United States - ------------- ----------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 ----------- ----------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED 0 ----------- ----------------------------------------------------- BY EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 ----------- ----------------------------------------------------- PERSON 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 | | - ------------- ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0% - ------------- ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - ------------- ----------------------------------------------------------------- - ---------------------------- ---------------------------- CUSIP No. 832727101 SCHEDULE 13D/A Page 7 of 10 Pages - ---------------------------- ---------------------------- ITEM 1. SECURITY AND ISSUER This Amendment No. 1 (this "Amendment") amends the statement on Schedule 13D filed on February 1, 2010 (the "Original Schedule 13D", and the Original Schedule 13D as amended, the "Schedule 13D") with respect to shares of common stock par value $0.01 per share (the "Common Stock") of Smurfit-Stone Container Corporation, a Delaware corporation (the "Issuer"). Capitalized terms used herein and not otherwise defined in this Amendment have the meanings set forth in the Original Schedule 13D. This Amendment amends Items 4 and 5(a), (b), (c) and (e) as set forth below. This is the final amendment to the Schedule 13D and an exit filing for the Reporting Persons. Item 4. Purpose of Transaction Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of the following: On February 4, 2010 the Reporting Persons determined to no longer participate in any objection to the adequacy of the Issuer's proposed Disclosure Statement to the U.S. Court and, therefore, to terminate their engagement of legal counsel on their behalf and to dispose of their remaining shares of Common Stock. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER Item 5 (a), (b), (c) and (e) are hereby amended and restated as follows: (a) VENOR CAPITAL MASTER FUND (a),(b) The information set forth in Rows 7 through 13 of the cover page hereto for Venor Capital Master Fund is incorporated herein by reference. (c) Venor Capital Master Fund entered into transactions in the Common Stock within the last sixty days which are set forth on Schedule A. (e) February 4, 2010 (see Item 4). (b) VENOR CAPITAL MANAGEMENT (a),(b) The information set forth in Rows 7 through 13 of the cover page hereto for Venor Capital Management is incorporated herein by reference. - ---------------------------- ---------------------------- CUSIP No. 832727101 SCHEDULE 13D/A Page 8 of 10 Pages - ---------------------------- ---------------------------- (c) Venor Capital Master Fund is the only Reporting Person to have effected transactions in the Common Stock in the past sixty days. (e) February 4, 2010 (see Item 4). (c) VENOR CAPITAL MANAGEMENT GP (a),(b) The information set forth in Rows 7 through 13 of the cover page hereto for Venor Capital Management GP is incorporated herein by reference. (c) Venor Capital Master Fund is the only Reporting Person to have effected transactions in the Common Stock in the past sixty days. (e) February 4, 2010 (see Item 4). (d) JEFFREY BERSH (a),(b) The information set forth in Rows 7 through 13 of the cover page hereto for Jeffrey Bersh is incorporated herein by reference. (c) Venor Capital Master Fund is the only Reporting Person to have effected transactions in the Common Stock in the past sixty days. (e) February 4, 2010 (see Item 4). (e) MICHAEL WARTELL (a),(b) The information set forth in Rows 7 through 13 of the cover page hereto for Michael Wartell is incorporated herein by reference. (c) Venor Capital Master Fund is the only Reporting Person to have effected transactions in the Common Stock in the past sixty days. (e) February 4, 2010 (see Item 4). - ---------------------------- ---------------------------- CUSIP No. 832727101 SCHEDULE 13D/A Page 9 of 10 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. Dated: February 8, 2010 /s/ Jeffery Bersh ----------------- Venor Capital Master Fund Ltd. By: Jeffery Bersh as Director /s/ Jeffery Bersh ----------------- Venor Capital Management LP By Venor Capital Management GP LLC as general partner By: Jeffery Bersh as Managing Member /s/ Jeffery Bersh ----------------- Venor Capital Management GP LLC By: Jeffery Bersh as Managing Member /s/ Jeffery Bersh ----------------- Jeffery Bersh /s/ Michael Wartell ----------------- Michael Wartell - ---------------------------- ---------------------------- CUSIP No. 832727101 SCHEDULE 13D/A Page 10 of 10 Pages - ---------------------------- ---------------------------- SCHEDULE A TRANSACTIONS IN THE COMMON STOCK BY VENOR CAPITAL MASTER FUND LTD. DURING THE PAST 60 DAYS Unless otherwise indicated, all trades were effected in the open market through brokers. Date of Transaction Shares Purchased (Sold) Price Per Share ($)* - ------------------- ----------------------- ------------------- 02/03/10 (200,000.00) 0.2000000 02/03/10 (350,000.00) 0.1990000 02/03/10 (250,000.00) 0.2050000 02/04/10 (125,000.00) 0.1801000 02/04/10 (550,000.00) 0.1630000 02/04/10 (300,000.00) 0.1802000 02/05/10 (1,225,000.00) 0.1473000 02/05/10 (200,000.00) 0.1385000 02/05/10 (750,000.00) 0.1446000 * Excluding commissions. -----END PRIVACY-ENHANCED MESSAGE-----