0000895345-12-000068.txt : 20120221 0000895345-12-000068.hdr.sgml : 20120220 20120221172603 ACCESSION NUMBER: 0000895345-12-000068 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120221 DATE AS OF CHANGE: 20120221 GROUP MEMBERS: SAGARD CAPITAL PARTNERS GP INC. GROUP MEMBERS: SAGARD CAPITAL PARTNERS MANAGEMENT CORP 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: 12627806 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 jf13da10-xrite_sagard.htm jf13da10-xrite_sagard.htm
 
 
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 10)*
 
X-RITE, INCORPORATED
(Name of Issuer)
 
Common Stock, par value $.10 per share
(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)
 
November 17, 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 ⊠.
 
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  3

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 (See instructions)
                                                    (a)  o
                                                    (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:  13,309,765
 
BY EACH
REPORTING
  9
 
Sole Dispositive Power:  -0-
 
PERSON
WITH
  10
 
Shared Dispositive Power:  13,309,765
 
11
Aggregate Amount Beneficially Owned by Each Reporting Person:   13,309,765
 
 
12
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares                                  o
 
 
13
Percent of Class Represented by Amount in Row (11):  15.5%
 
 
14
Type of Reporting Person:
 
  PN
 
 
 
 
 
CUSIP No.  983857103
  
Page  2  of  3

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 (See instructions)
                                                    (a)  o
                                                    (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:  13,309,765
 
BY EACH
REPORTING
  9
 
Sole Dispositive Power:  -0-
 
PERSON
WITH
  10
 
Shared Dispositive Power:  13,309,765
 
11
Aggregate Amount Beneficially Owned by Each Reporting Person:   13,309,765
 
 
12
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares                                  o
 
 
13
Percent of Class Represented by Amount in Row (11):  15.5%
 
 
14
Type of Reporting Person:
 
  CO
 
 
 
 
 
CUSIP No.  983857103
  
Page  3  of  3

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 (See instructions)
                                                    (a)  o
                                                    (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:  -5,589-
 
BENEFICIALLY
OWNED
  8
 
Shared Voting Power:  13,309,765
 
BY EACH
REPORTING
  9
 
Sole Dispositive Power:  -5,589-
 
PERSON
WITH
  10
 
Shared Dispositive Power:  13,309,765
 
11
Aggregate Amount Beneficially Owned by Each Reporting Person:   13,315,354
 
 
12
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares                           o
 
 
13
Percent of Class Represented by Amount in Row (11):  15.5%
 
 
14
Type of Reporting Person:
 
  CO
 
 
 
 
 
Statement on Schedule 13D
 
This Amendment No. 10, 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, as heretofore amended, relating to the Common Stock, par value $0.10 per share (the “Shares”), of X-RITE, INCORPORATED, a Michigan corporation (the “Issuer”).

This Amendment No. 10 is being filed to reflect a change in beneficial ownership percentage arising primarily due to a change in the number of outstanding Shares and to report certain shares held by Mr. Friedberg as nominee.
 
Item 5.                 Interest in Securities of the Issuer.
 
Items 5(a) - (e) are hereby amended and restated in their entirety as follows:
 
(a)           Each Reporting Person is deemed to beneficially own 13,309,765 Shares, which represents 15.5% of the outstanding Shares, based upon 86,028,099 Shares outstanding as of November 1, 2011, as reported by the Issuer in its Quarterly Report on Form 10-Q for the Quarter ended October 1, 2011.  Manager beneficially owns an additional 5,589 Shares granted to Mr. Friedberg under the Issuer’s 2008 Omnibus Long Term Incentive Plan, which are held for the benefit of Manager and will vest on May 18, 2012.
 
In accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the “Release”), this filing reflects the securities beneficially owned by Power Corporation of Canada and certain of its subsidiaries, including Sagard.  The filing does not reflect securities beneficially owned, if any, by any subsidiaries of Power Corporation of Canada whose ownership of securities is disaggregated from that of Power Corporation of Canada 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
5,589
       
 
Shared power to vote or direct the vote:
   
   
Sagard Capital Partners, L.P.
13,309,765
       
   
Sagard Capital Partners GP, Inc.
13,309,765
       
   
Sagard Capital Partners Management Corporation
13,309,765
       
 
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
5,589
       
 
Shared power to dispose or direct the disposition:
   
   
Sagard Capital Partners, L.P.
13,309,765
       
   
Sagard Capital Partners GP, Inc.
13,309,765
       
   
Sagard Capital Partners Management Corporation
13,309,765
 
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)  None of the Reporting Persons has effected any transaction in the Shares during the past 60 days.
 
(d)  Not applicable.
 
(e)  Not applicable.
 
Item 7.                 Material to Be Filed as Exhibits.
 
Exhibit B
Executive Officers and Directors of Sagard Capital Partners GP, Inc. and Sagard Capital Partners Management Corporation
 
Exhibit C
Executive Officers and Directors of Power Corporation of Canada
 
 
 
 
 
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: February 21, 2012
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
 
 
 
 
 
EXHIBIT B
 
Executive Officers and Directors of Sagard Capital Partners GP, Inc.
 
Set forth below is the (i) name, (ii) title, (iii) country of citizenship, (iv) principal occupation, (v) principal business address, (vi) ownership of Shares (if any) and (vii) transactions in Shares during the past 60 days (if any) of each of the executive officers and directors of Sagard Capital Partners GP, Inc.
 
(i)
Dan Friedberg
(ii)
Director and Executive Officer (President and Chief Executive Officer)
(iii)
United States
(iv)
Managing Director, Sagard Capital Partners, L.P.
(v)
325 Greenwich Avenue, Greenwich CT 06830
(vi)
None
(vii)
None
   
(i)
Henri-Paul Rousseau
(ii)
Director and Executive Officer (Chairman)
(iii)
Canada
(iv)
Vice-Chairman, Power Corporation of Canada
(v)
751 Victoria Square, Montréal (Québec), Canada H2Y 2J3
(vi)
None
(vii)
None
   
(i)
Philip K. Ryan
(ii)
Director
(iii)
United States
(iv)
Executive Vice-President and Chief Financial Officer, Power Corporation of Canada
(v)
751 Victoria Square, Montréal (Québec), Canada H2Y 2J3
(vi)
None
(vii)
None
   
(i)
Arnaud Vial
(ii)
Director and Executive Officer (Treasurer)
(iii)
Canada
(iv)
Senior Vice-President, Power Corporation of Canada
(v)
751 Victoria Square, Montréal (Québec), Canada H2Y 2J3
(vi)
None
(vii)
None
   
(i)
Pierre Larochelle
(ii)
Director and Executive Officer (Secretary)
(iii)
Canada
(iv)
Vice-President, Investments, Power Corporation of Canada
(v)
751 Victoria Square, Montréal (Québec), Canada H2Y 2J3
(vi)
None
(vii)
None
 
 
 
 
 
Executive Officers and Directors of Sagard Capital Partners Management Corp.
 
Set forth below is the (i) name, (ii) title, (iii) country of citizenship, (iv) principal occupation, (v) principal business address, (vi) ownership of Shares (if any) and (vii) transactions in Shares during the past 60 days (if any) of each of the executive officers and directors of Sagard Capital Partners Management Corp.
 
(i)
Dan Friedberg
(ii)
Director and Executive Officer (President and Chief Executive Officer)
(iii)
United States
(iv)
Managing Director, Sagard Capital Partners, L.P.
(v)
325 Greenwich Avenue, Greenwich CT 06830
(vi)
None
(vii)
None
   
(i)
Henri-Paul Rousseau
(ii)
Director and Executive Officer (Chairman)
(iii)
Canada
(iv)
Vice-Chairman, Power Corporation of Canada
(v)
751 Victoria Square, Montréal (Québec), Canada H2Y 2J3
(vi)
None
(vii)
None
   
(i)
Philip K. Ryan
(ii)
Director
(iii)
United States
(iv)
Executive Vice-President and Chief Financial Officer, Power Corporation of Canada
(v)
751 Victoria Square, Montréal (Québec), Canada H2Y 2J3
(vi)
None
(vii)
None
   
(i)
Arnaud Vial
(ii)
Director
(iii)
Canada
(iv)
Senior Vice-President, Power Corporation of Canada
(v)
751 Victoria Square, Montréal (Québec), Canada H2Y 2J3
(vi)
None
(vii)
None
   
(i)
Pierre Larochelle
(ii)
Director and Executive Officer (Secretary)
(iii)
Canada
(iv)
Vice-President, Investments, Power Corporation of Canada
(v)
751 Victoria Square, Montréal (Québec), Canada H2Y 2J3
(vi)
None
(vii)
None

(i)
Michael Braner
(ii)
Executive Officer (Vice-President and Treasurer)
(iii)
United States
(iv)
Partner of Sagard Capital Partners Management Corp.
(v)
325 Greenwich Avenue, Greenwich CT 06830
(vi)
None
(vii)
None
   
(i)
Adam Weiss
(ii)
Executive Officer (Vice-President and Secretary)
(iii)
United States
(iv)
Partner of Sagard Capital Partners Management Corp.
(v)
325 Greenwich Avenue, Greenwich CT 06830
(vi)
None
(vii)
None
 
 
 
 
 
Exhibit C
 
Executive Officers and Directors of Power Corporation of Canada
 
Set forth below is the (i) name, (ii) title, (iii) country of citizenship, (iv) principal occupation, (v) principal business address, and (vi) ownership of Shares (if any) and (vii) transactions in Shares during the past 60 days (if any) of each of the executive officers and directors of Power Corporation of Canada.
 
(i)
Pierre Beaudoin
(ii)
Director
(iii)
Canada
(iv)
President and Chief Executive Officer, Bombardier Inc.
(v)
800 René-Lévesque Blvd. West, 30th Floor, Montréal (Québec), Canada H3B 1Y8
(vi)
None
(vii)
None
   
(i)
Marcel Coutu
(ii)
Director
(iii)
Canada
(iv)
President and Chief Executive Officer, Canadian Oil Sands Limited
(v)
2500 First Canadian Centre, 350 – 7th Avenue S.W., Calgary (Alberta), Canada T2P 3N9
(vi)
None
(vii)
None
   
(i)
Laurent Dassault
(ii)
Director
(iii)
France
(iv)
Vice-President, Groupe Industriel Marcel Dassault SA
(v)
9, Rond-Point des Champs Elysées, 75008 Paris, France
(vi)
None
(vii)
None
   
(i)
André Desmarais
(ii)
Director and Executive Officer
(iii)
Canada
(iv)
Deputy Chairman, President and Co-Chief Executive Officer, Power Corporation of Canada
(v)
751 Victoria Square, Montréal (Québec), Canada H2Y 2J3
(vi)
None
(vii)
None
   
(i)
Paul G. Desmarais
(ii)
Director
(iii)
Canada
(iv)
Chairman of the Executive Committee, Power Corporation of Canada
(v)
751 Victoria Square, Montréal (Québec), Canada H2Y 2J3
(vi)
None
(vii)
None

(i)
Paul Desmarais, Jr.
(ii)
Director and Executive Officer
(iii)
Canada
(iv)
Chairman and Co-Chief Executive Officer, Power Corporation of Canada
(v)
751 Victoria Square, Montréal (Québec), Canada H2Y 2J3
(vi)
None
(vii)
None
   
(i)
Guy Fortin
(ii)
Director
(iii)
Canada
(iv)
Director and Vice-Chairman, Sanpalo Investments Corporation
(v)
759 Square Victoria, Montréal (Québec), Canada H2Y 2J7
(vi)
None
(vii)
None
   
(i)
Anthony R. Graham
(ii)
Director
(iii)
Canada
(iv)
President, Wittington Investments, Limited
(v)
22 St. Clair Avenue East, Suite 2001, Toronto (Ontario), Canada M4T 2S7
(vi)
None
(vii)
None
   
(i)
Robert Gratton
(ii)
Director and Executive Officer
(iii)
Canada
(iv)
Deputy Chairman, Power Corporation of Canada
(v)
751 Victoria Square, Montréal (Québec), Canada H2Y 2J3
(vi)
None
(vii)
None
   
(i)
Isabelle Marcoux
(ii)
Director
(iii)
Canada
(iv)
Chair and Vice-President, Corporate Development, Transcontinental Inc.
(v)
1 Place Ville-Marie, Suite 3315, Montréal (Québec), Canada H3B 3N2
(vi)
None
(vii)
None
   
(i)
Donald F. Mazankowski
(ii)
Director
(iii)
Canada
(iv)
Company Director
(v)
80 Nottingham Inlet, Sherwood Park (Alberta), Canada T8A 6N2
(vi)
None
(vii)
None

(i)
Raymond L. McFeetors
(ii)
Director
(iii)
Canada
(iv)
Chairman, Great-West Lifeco Inc.
(v)
100 Osborne Street North, Winnipeg (Manitoba), Canada R3C 3A5
(vi)
None
(vii)
None
   
(i)
Jerry E.A. Nickerson
(ii)
Director
(iii)
Canada
(iv)
Chairman of the Board, H.B. Nickerson & Sons Limited
(v)
255 Commercial Street, P.O. Box 130, North Sydney (Nova Scotia), Canada B2A 1B9
(vi)
None
(vii)
None
   
(i)
James R. Nininger
(ii)
Director
(iii)
Canada
(iv)
Company Director
(v)
17 Dow’s Lake Road, Ottawa (Ontario), Canada K1S 4L1
(vi)
None
(vii)
None
   
(i)
R. Jeffrey Orr
(ii)
Director
(iii)
Canada
(iv)
President and Chief Executive Officer, Power Financial Corporation
(v)
751 Victoria Square, Montréal (Québec), Canada H2Y 2J3
(vi)
None
(vii)
None
   
(i)
Robert Parizeau
(ii)
Director
(iii)
Canada
(iv)
Chairman, Aon Parizeau Inc.
(v)
700 de la Gauchetière West, Suite 1800, Montréal (Québec), Canada H3B 0A4
(vi)
None
(vii)
None
   
(i)
Michel Plessis-Bélair
(ii)
Director and Executive Officer
(iii)
Canada
(iv)
Vice-Chairman, Power Corporation of Canada
(v)
751 Victoria Square, Montréal (Québec), Canada H2Y 2J3
(vi)
None
(vii)
None

(i)
John A. Rae
(ii)
Director and Executive Officer
(iii)
Canada
(iv)
Executive Vice-President, Office of the Chairman of the Executive Committee, Power Corporation of Canada
(v)
751 Victoria Square, Montréal (Québec), Canada H2Y 2J3
(vi)
None
(vii)
None
   
(i)
Henri-Paul Rousseau
(ii)
Director and Executive Officer
(iii)
Canada
(iv)
Vice-Chairman, Power Corporation of Canada
(v)
751 Victoria Square, Montréal (Québec), Canada H2Y 2J3
(vi)
None
(vii)
None
   
(i)
T. Timothy Ryan, Jr.
(ii)
Director
(iii)
United States
(iv)
President and Chief Executive Officer, Securities Industry and Financial Markets Association (SIFMA)
(v)
120 Broadway, 35th Floor, New York, NY  10271 U.S.A.
(vi)
None
(vii)
None
   
(i)
Emőke J.E. Szathmáry
(ii)
Director
(iii)
Canada
(iv)
President Emeritus, University of Manitoba
(v)
70 Dysart Road, Room 112, Winnipeg (Manitoba), Canada R3T 2M6
(vi)
None
(vii)
None
   
(i)
Philip K. Ryan
(ii)
Executive Officer
(iii)
 United States
(iv)
Executive Vice-President and Chief Financial Officer, Power Corporation of Canada
(v)
751 Victoria Square, Montréal (Québec), Canada H2Y 2J3
(vi)
None
(vii)
None
   
(i)
Pierre Larochelle
(ii)
Executive Officer
(iii)
Canada
(iv)
Vice-President, Investments, Power Corporation of Canada
(v)
751 Victoria Square, Montréal (Québec), Canada H2Y 2J3
(vi)
None
(vii)
None

(i)
Edward Johnson
(ii)
Executive Officer
(iii)
Canada
(iv)
Senior Vice-President, General Counsel and Secretary, Power Corporation of Canada
(v)
751 Victoria Square, Montréal (Québec), Canada H2Y 2J3
(vi)
None
(vii)
None
   
(i)
Peter Kruyt
(ii)
Executive Officer
(iii)
Canada
(iv)
Vice-President, Power Corporation of Canada
(v)
751 Victoria Square, Montréal (Québec), Canada H2Y 2J3
(vi)
None
(vii)
None
   
(i)
Luc Reny
(ii)
Executive Officer
(iii)
Canada
(iv)
Vice-President, Power Corporation of Canada
(v)
751 Victoria Square, Montréal (Québec), Canada H2Y 2J3
(vi)
None
(vii)
None
   
(i)
Arnaud Vial
(ii)
Executive Officer
(iii)
Canada
(iv)
Senior Vice-President, Power Corporation of Canada
(v)
751 Victoria Square, Montréal (Québec), Canada H2Y 2J3
(vi)
None
(vii)
None