-----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, GeZaOAZqaPaLQ9J4JPCfkeQP3sA8jhtBd5grb63Dp8i76V/1ruMits8o/L/oePwU cmacm01PO9Q6bbBbg2xi7Q== 0000895345-09-000882.txt : 20091030 0000895345-09-000882.hdr.sgml : 20091030 20091030153102 ACCESSION NUMBER: 0000895345-09-000882 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20091030 DATE AS OF CHANGE: 20091030 GROUP MEMBERS: SAGARD CAPITAL PARTNERS GP, INC. GROUP MEMBERS: SAGARD CAPITAL PARTNERS MANAGEMENT CORPORATION SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: X RITE INC CENTRAL INDEX KEY: 0000790818 STANDARD INDUSTRIAL CLASSIFICATION: PHOTOGRAPHIC EQUIPMENT & SUPPLIES [3861] IRS NUMBER: 381737300 STATE OF INCORPORATION: MI FISCAL YEAR END: 0103 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-38836 FILM NUMBER: 091147989 BUSINESS ADDRESS: STREET 1: 4300 44TH ST CITY: GRAND RAPIDS STATE: MI ZIP: 49512 BUSINESS PHONE: 6168032203 MAIL ADDRESS: STREET 1: 4300 44TH STREET CITY: GRAND RAPIDS STATE: MI ZIP: 49512 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Sagard Capital Partners, L.P. CENTRAL INDEX KEY: 0001423385 IRS NUMBER: 203332164 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 325 GREENWICH AVENUE CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 203 629-6700 MAIL ADDRESS: STREET 1: 325 GREENWICH AVENUE CITY: GREENWICH STATE: CT ZIP: 06830 SC 13D/A 1 jf13da9-xrite_sagard.htm jf13da9-xrite_sagard.htm
 
 
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 9)*
 
X-RITE, INCORPORATED
___________________________________________
(Name of Issuer)
 
Common Stock
__________________________________________
(Title Class of Securities)
 
983857103
__________________________________________
(CUSIP Number)
 
Dan Friedberg
Sagard Capital Partners, L.P.
325 Greenwich Avenue
Greenwich, CT 06830
203-629-6700
___________________________________________
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
 
October 28, 2008
___________________________________________
(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).
 
 
 

 
 
CUSIP No.  983857103
 
Page  1  of  5

1
Name of Reporting Person:  Sagard Capital Partners, L.P.
 
I.R.S. Identification No. of Above Person (Entities Only)20-3332164
 
2
Check the Appropriate Box if a Member of a Group                                                                                           (a)  o
                                                                                                                          &# 160;                                                                                      (b)  o
 
3
SEC Use Only
 
4
Source of Funds
 
 WC
 
5
Check box if disclosure of legal proceedings is required pursuant to items 2(d) or 2(e)                                                                 o
 
 
6
Citizenship or Place of Organization
 
 DELAWARE
 
NUMBER OF
SHARES
  7
 
Sole Voting Power:  -0-
 
BENEFICIALLY
OWNED
  8
 
Shared Voting Power:  13,258,889
 
BY EACH
REPORTING
  9
 
Sole Dispositive Power:  -0-
 
PERSON
WITH
  10
 
Shared Dispositive Power:  13,258,889
 
11
Aggregate Amount Beneficially Owned by Each Reporting Person:   13,258,889
 
 
12
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares                                  o
 
 
13
Percent of Class Represented by Amount in Row (11):  16.7%
 
 
14
Type of Reporting Person:
 
  PN
 
 
 

 
 
CUSIP No.  983857103
 
Page  2  of  5

1
Name of Reporting Person:  Sagard Capital Partners GP, Inc.
 
I.R.S. Identification No. of Above Person (Entities Only)20-3331555
 
2
Check the Appropriate Box if a Member of a Group                                                                                       (a)  < font style="DISPLAY: inline; FONT-FAMILY: wingdings">o
                                                                                                                          &# 160;                                                                                      (b)  o
 
3
SEC Use Only
 
4
Source of Funds
 
 AF
 
5
Check box if disclosure of legal proceedings is required pursuant to items 2(d) or 2(e)                                                                 o
 
 
6
Citizenship or Place of Organization
 
 DELAWARE
 
NUMBER OF
SHARES
  7
 
Sole Voting Power:  -0-
 
BENEFICIALLY
OWNED
  8
 
Shared Voting Power:  13,258,889
 
BY EACH
REPORTING
  9
 
Sole Dispositive Power:  -0-
 
PERSON
WITH
  10
 
Shared Dispositive Power:  13,258,889
 
11
Aggregate Amount Beneficially Owned by Each Reporting Person:   13,258,889
 
 
12
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares                                  o
 
 
13
Percent of Class Represented by Amount in Row (11):  16.7%
 
 
14
Type of Reporting Person:
 
  CO
 
 
 

 
 
CUSIP No.  983857103
 
Page  3  of  5

1
Name of Reporting Person:  Sagard Capital Partners Management Corporation
 
I.R.S. Identification No. of Above Person (Entities Only)20-2402055
 
2
Check the Appropriate Box if a Member of a Group                                                                                       (a)  < font style="DISPLAY: inline; FONT-FAMILY: wingdings">o
                                                                                                                          &# 160;                                                                                      (b)  o
 
3
SEC Use Only
 
4
Source of Funds
 
 AF
 
5
Check box if disclosure of legal proceedings is required pursuant to items 2(d) or 2(e)                                                                 o
 
 
6
Citizenship or Place of Organization
 
 DELAWARE
 
NUMBER OF
SHARES
  7
 
Sole Voting Power:  41,870
 
BENEFICIALLY
OWNED
  8
 
Shared Voting Power:  13,258,889
 
BY EACH
REPORTING
  9
 
Sole Dispositive Power:  41,870
 
PERSON
WITH
  10
 
Shared Dispositive Power:  13,258,889
 
11
Aggregate Amount Beneficially Owned by Each Reporting Person:   13,300,759
 
 
12
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares                           o
 
 
13
Percent of Class Represented by Amount in Row (11):  16.75%
 
 
14
Type of Reporting Person:
 
  IA; CO
 
 
 

 
 
This Amendment No. 9, filed on behalf of Sagard Capital Partners, L.P., a Delaware limited partnership (“Sagard”), Sagard Capital Partners GP, Inc., a Delaware corporation (“GP”), and Sagard Capital Partners Management Corporation, a Delaware corporation (“Manager,” and together with Sagard and GP, the “Reporting Persons”), amends and supplements the Schedule 13D (the “Schedule 13D”) filed by the Reporting Persons with the Securities and Exchange Commission (the “SEC”) on March 10, 2008, amended on April 4, 2008, amended on April 29, 2008, amended on May 8, 2008, amended on May 30, 2008, amended on August 21, 2008, amended on August 25, 2008, amended on October 28, 2008 and further amended on August 20, 2009, relating to the Common Stock, par value $0.10 per share (the “Shares”), of X-RITE, INCORPORATED, a Michigan corporation (the “Issuer”).
 
Item 3.    Source and Amount of Funds or Other Consideration
 
Item 3 is hereby amended by adding the following at the end thereof:
 
The information set forth or incorporated in Item 6 is incorporated herein by reference.
 
Item 4.       Purpose of Transaction.
 
Item 4 is hereby amended by adding the following at the end thereof:
 
The information set forth or incorporated in Item 6 is incorporated herein by reference.
 
Item 5.        Interest in Securities of the Issuer.
 
(a)           Each Reporting Person is deemed to beneficially own 13,258,889 Shares, which represents 16.7% of the outstanding Shares (calculated pursuant to Exchange Act Rule 13d-3(d)(1)).  This ownership consists of 11,807,544 outstanding Shares and a warrant (the “Sagard Warrant”) to purchase an additional 1,451,345.20 Shares at an initial exercise price of $0.01 per share, subject to anti-dilution adjustments (the “Sagard Warrant Shares”).  Manager beneficially owns an additional 41,870 Shares granted to Mr. Friedberg under the Issuer’s 2008 Omnibus Long Term Incentive Plan, which are held for the benefit of Manager.
 
In accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the “Release”) this filing reflects the securities beneficially owned by PCC and certain of its subsidiaries, including Sagard.  The filing does not reflect securities beneficially owned, if any, by any subsidiaries of PCC whose ownership of securities is disaggregated from that of PCC in accordance with the Release.
 
(b)
Sole power to vote or direct the vote:
   
   
Sagard Capital Partners, L.P.
0
       
   
Sagard Capital Partners GP, Inc.
0
       
   
Sagard Capital Partners Management Corporation
41,870
       
 
Shared power to vote or direct the vote:
   
   
Sagard Capital Partners, L.P.
13,258,889
       
   
Sagard Capital Partners GP, Inc.
13,258,889
       
   
Sagard Capital Partners Management Corporation
13,258,889
       
 
Sole power to dispose or to direct the disposition:
   
   
Sagard Capital Partners, L.P.
0
       
   
Sagard Capital Partners GP, Inc.
0
       
   
Sagard Capital Partners Management Corporation
41,870
       
 
Shared power to dispose or direct the disposition:
   
   
Sagard Capital Partners, L.P.
13,258,889
       
   
Sagard Capital Partners GP, Inc.
13,258,889
       
   
Sagard Capital Partners Management Corporation
13,258,889
 
The power to vote or to direct the vote or to dispose or direct the disposition of the Shares reported herein is shared among the Reporting Persons except as set forth in Item 5(a).
 
(c)           Except as disclosed in this Amendment No. 9, none of the Reporting Persons has effected any transaction in the Shares during the past 60 days.
 
(d)           Not applicable.
 
(e)           Not applicable.
 
Item 6.
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
 
Item 6 is hereby amended by adding the following at the end thereof:
 
On October 28, 2009, at a special meeting of the Issuer’s shareholders, the Issuer’s shareholders approved the issuance of the Sagard Warrant Shares upon exercise of the Sagard Warrant (the “Shareholder Approval”).  As a result of obtaining the Shareholder Approval, the Sagard Warrant is now fully exercisable at Sagard’s option at any time for 1,451,345.20 Shares at an initial exercise price of $0.01 per share (subject to anti-dilution adjustments).  In addition, as a result of the Shareholder Approval, Sagard will no longer be entitled to receive the Participation Amount (as defined in the Certificate of Designation) with respect to the Series A Preferred Stock.
 
 
 

 
 
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: October 30, 2009
SAGARD CAPITAL PARTNERS, L.P.
 
 
 
By:
/s/ Dan Friedberg
 
Name:
Dan Friedberg
 
Title:
President
 

 
 
SAGARD CAPITAL PARTNERS GP, INC.
 
 
 
By:
/s/ Dan Friedberg
 
Name:
Dan Friedberg
 
Title:
President
 

 
 
SAGARD CAPITAL PARTNERS MANAGEMENT CORPORATION
 
 
 
By:
/s/ Dan Friedberg
 
Name:
Dan Friedberg
 
Title:
President
 
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