-----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, MVQSavQX9Mkm/ZfcRW5d+kHPUhPHSDoQNs8XPXNbCWfqZ7jk5Pjek62IYfcZFzon hOrvPBySu02VOKX0MP5WiA== 0001193125-10-075204.txt : 20100401 0001193125-10-075204.hdr.sgml : 20100401 20100401171135 ACCESSION NUMBER: 0001193125-10-075204 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20100401 DATE AS OF CHANGE: 20100401 GROUP MEMBERS: MILL ROAD CAPITAL GP LLC GROUP MEMBERS: SCOTT P. SCHARFMAN GROUP MEMBERS: THOMAS E. LYNCH SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: KONA GRILL INC CENTRAL INDEX KEY: 0001265572 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 200216690 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-81402 FILM NUMBER: 10725027 BUSINESS ADDRESS: STREET 1: 7150 EAST CAMELBACK ROAD STREET 2: SUITE 220 CITY: SCOTTSDALE STATE: AZ ZIP: 85251 BUSINESS PHONE: 4809228100 MAIL ADDRESS: STREET 1: 7150 EAST CAMELBACK ROAD STREET 2: SUITE 220 CITY: SCOTTSDALE STATE: AZ ZIP: 85251 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Mill Road Capital, L.P. CENTRAL INDEX KEY: 0001435260 IRS NUMBER: 205432103 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: TWO SOUND VIEW DRIVE STREET 2: SUITE 300 CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 203-987-3500 MAIL ADDRESS: STREET 1: TWO SOUND VIEW DRIVE STREET 2: SUITE 300 CITY: GREENWICH STATE: CT ZIP: 06830 SC 13D/A 1 dsc13da.htm SCHEDULE 13D AMENDMENT NO. 13 Schedule 13D Amendment No. 13

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 13)*

 

 

Kona Grill, Inc.

(Name of Issuer)

 

 

Common Stock, par value $0.01 per share

(Title of Class of Securities)

50047H201

(CUSIP Number)

Mill Road Capital, L.P.

Attn: Thomas E. Lynch

382 Greenwich Avenue

Suite One

Greenwich, CT 06830

203-987-3501

With a copy to:

Peter M. Rosenblum, Esq.

Foley Hoag LLP

155 Seaport Blvd.

Boston, MA 02210

617-832-1151

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

March 30, 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 §§240.13d-1(e), 240.13d-1(f) or 240.13d-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 §240.13d-7 for other parties to whom copies are 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).

 

 

 


   13D   

 

 

CUSIP No. 50047H201

 

  

Page 2 of 7 Pages

 

  1.   

Names of reporting persons.

 

Thomas E. Lynch

    
  2.  

Check the Appropriate box if a member of a group (see instructions)

(a)  ¨        (b)  ¨

 

  3.  

SEC use only

 

    
  4.  

Source of funds (see Instructions)

 

    OO

    
  5.  

Check if disclosure of legal proceedings is required pursuant to items 2(d) or 2(e)  ¨

 

  6.  

Citizenship or place of organization

 

    USA

    

Number of

shares

beneficially

owned by

each

reporting

person

with

     7.    

Sole voting power

 

     8.   

Shared voting power

 

    899,330

     9.   

Sole dispositive power

 

   10.   

Shared dispositive power

 

     899,330

11.

 

Aggregate amount beneficially owned by each reporting person

 

    899,330

12.

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13.

 

Percent of class represented by amount in Row (11)

 

    9.8%

    

14.

 

Type of reporting person (see instructions)

 

    IN; HC

    


   13D   

 

 

CUSIP No. 50047H201

 

  

Page 3 of 7 Pages

 

  1.   

Names of reporting persons.

 

Scott P. Scharfman

    
  2.  

Check the Appropriate box if a member of a group (see instructions)

(a)  ¨        (b)  ¨

 

  3.  

SEC use only

 

    
  4.  

Source of funds (see Instructions)

 

    OO

    
  5.  

Check if disclosure of legal proceedings is required pursuant to items 2(d) or 2(e)  ¨

 

  6.  

Citizenship or place of organization

 

    USA

    

Number of

shares

beneficially

owned by

each

reporting

person

with

     7.    

Sole voting power

 

     8.   

Shared voting power

 

     899,330

     9.   

Sole dispositive power

 

   10.   

Shared dispositive power

 

     899,330

11.

 

Aggregate amount beneficially owned by each reporting person

 

    899,330

12.

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13.

 

Percent of class represented by amount in Row (11)

 

    9.8%

    

14.

 

Type of reporting person (see instructions)

 

    IN; HC

    


   13D   

 

 

CUSIP No. 50047H201

 

  

Page 4 of 7 Pages

 

  1.   

Names of reporting persons

 

Mill Road Capital GP LLC

  2.  

Check the Appropriate box if a member of a group (see instructions)

(a)  ¨        (b)  ¨

 

  3.  

SEC use only

 

  4.  

Source of funds (see Instructions)

 

    OO

  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

 

    899,330

     8.   

Shared voting power

 

     9.   

Sole dispositive power

 

    899,330

   10.   

Shared dispositive power

 

11.

 

Aggregate amount beneficially owned by each reporting person

 

    899,330

12.

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13.

 

Percent of class represented by amount in Row (11)

 

    9.8%

14.

 

Type of reporting person (see instructions)

 

    OO; HC


   13D   

 

 

CUSIP No. 50047H201

 

  

Page 5 of 7 Pages

 

  1.   

Names of reporting persons.

 

Mill Road Capital, L.P.

  2.  

Check the Appropriate box if a member of a group (see instructions)

(a)  ¨        (b)  ¨

 

  3.  

SEC use only

 

  4.  

Source of funds (see Instructions)

 

    WC

  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

 

    899,330

     8.   

Shared voting power

 

     9.   

Sole dispositive power

 

    899,330

   10.   

Shared dispositive power

 

11.

 

Aggregate amount beneficially owned by each reporting person

 

    899,330

12.

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13.

 

Percent of class represented by amount in Row (11)

 

    9.8%

14.

 

Type of reporting person (see instructions)

 

    PN


CUSIP No. 50047H201

      Page 6 of 7 Pages

 

This Amendment No. 13 to the joint statement on Schedule 13D with respect to the common stock, par value $0.01 per share, of Kona Grill, Inc., a Delaware corporation, filed by the undersigned on June 26, 2008, as amended by Amendment No. 1 thereto filed on November 14, 2008, by Amendment No. 2 thereto filed on December 30, 2008, by Amendment No. 3 thereto filed on January 2, 2009, by Amendment No. 4 thereto filed on January 30, 2009, by Amendment No. 5 thereto filed on March 12, 2009, by Amendment No. 6 thereto filed on April 15, 2009, by Amendment No. 7 thereto filed on May 18, 2009, by Amendment No. 8 thereto filed on June 3, 2009, by Amendment No. 9 thereto filed on January 29, 2010, by Amendment No. 10 thereto filed on February 22, 2010, by Amendment No. 11 thereto filed on March 12, 2010, and by Amendment No. 12 thereto filed on March 25, 2010 (collectively, the “Schedule 13D”), further amends and supplements the Schedule 13D as follows:

 

1. Item 4 of the Schedule 13D shall hereby be amended by inserting the following paragraph between the fifteenth and sixteenth paragraphs:

“On March 30, 2010, the Fund distributed a letter to the shareholders of the Issuer, attached hereto as Exhibit 28, in accordance with Rule 14a-12 of Regulation 14A under the Securities Exchange Act of 1934, as amended.”

 

2. Item 5(c) of the Schedule 13D shall hereby be amended and restated in full as follows:

“(c) No Reporting Person effected any transaction in shares of the Common Stock from March 25, 2010 (the date of the most recent filing on Schedule 13D by the Reporting Persons with respect to the Common Stock) to April 1, 2010.”

 

3. Item 7 of the Schedule 13D shall hereby be amended by adding the following Exhibit:

Exhibit 28 Letter from Mill Road Capital, L.P. to the Shareholders of Kona Grill, Inc. dated March 29, 2010.”


CUSIP No. 50047H201

      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: April 1, 2010
MILL ROAD CAPITAL, L.P.
By:   Mill Road Capital GP LLC,
  its General Partner
By:   /S/    JUSTIN C. JACOBS        
  Justin C. Jacobs
  Management Committee Director
MILL ROAD CAPITAL GP LLC
By:   /S/    JUSTIN C. JACOBS        
  Justin C. Jacobs
  Management Committee Director
THOMAS E. LYNCH
By:   /S/    JUSTIN C. JACOBS        
  Justin C. Jacobs, attorney-in-fact
SCOTT P. SCHARFMAN
By:   /S/    JUSTIN C. JACOBS        
  Justin C. Jacobs, attorney-in-fact
EX-99.28 2 dex9928.htm LETTER FROM MILL ROAD CAPITAL, L.P. TO THE SHAREHOLDERS OF KONA GRILL, INC. Letter from Mill Road Capital, L.P. to the Shareholders of Kona Grill, Inc.

Exhibit 28

March 29, 2010

To Our Fellow Shareholders of Kona Grill:

We are writing to you regarding the upcoming 2010 Annual Meeting of Shareholders of Kona Grill, Inc. (NasdaqGM: KONA) scheduled to be held on Wednesday, April 28, 2010. You likely have received the company’s proxy materials asking you to re-elect three incumbents to the Board of Directors by returning the company’s white proxy card.

STOP

We strongly urge shareholders: do NOT respond to any solicitation made by the company and do NOT return a white proxy card. The Annual Meeting is one month away and you will have a choice for the leadership of Kona Grill. Even if you have already voted, you can still change your vote at any time.

LOOK

You will soon receive our definitive proxy materials including our GOLD proxy card. Mill Road Capital, L.P. has nominated three directors to the Board of Kona Grill in opposition to the company’s candidates. Our candidates are Thomas E. Lynch, Lawrence F. Harris, and Craig S. Miller. We urge you to refrain from casting your vote until you can review our definitive proxy materials.

LISTEN

Mr. Lynch, Mr. Harris, and Mr. Miller collectively have more than 8 decades of restaurant industry expertise. Our candidates have extensive experience in all aspects of the restaurant industry including operations, strategy, finance, executive management, and board leadership. Additionally, our candidates have a deep understanding of the financial markets along with a track record of service on public company boards. Two of our candidates are completely independent nominees with no affiliation with Mill Road Capital.

You deserve the opportunity to review all proxy materials and decide for yourself who will best serve your interests as shareholders. If you have any questions, please feel free to call our proxy solicitor, InvestorCom, toll-free at (877) 972-0090. We appreciate your support.

Respectfully,

Mill Road Capital, L.P.

 

[Please Turn Page]


STOP

Do not return the company’s white proxy card – You have one month to decide

LOOK

Look for our proxy materials with the GOLD proxy card

LISTEN

Review all proxy materials and decide for yourself

Additional Information

On March 23, 2010, Mill Road Capital, L.P. filed a preliminary proxy statement on Schedule 14A for the election of its slate of nominees at the 2010 Annual Meeting of Shareholders of Kona Grill, Inc. (the “Annual Meeting”). Prior to the Annual Meeting, you will receive our definitive proxy statement together with a GOLD proxy card. SHAREHOLDERS OF KONA GRILL, INC. ARE URGED TO READ OUR DEFINITIVE PROXY STATEMENT CAREFULLY WHEN AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION, INCLUDING INFORMATION RELATING TO THE PARTICIPANTS IN THE SOLICITATION OF PROXIES IN SUPPORT OF OUR NOMINEES. The preliminary proxy statement is available, and our definitive proxy statement will be available, at no charge on the SEC’s website at http://www.sec.gov. In addition, InvestorCom will provide copies of our definitive proxy statement and GOLD proxy card without charge upon request. Shareholders with questions are invited to call InvestorCom at (877) 972-0090. The participants in the proxy solicitation are Mill Road Capital, L.P., Mill Road Capital GP LLC, Mill Road Capital Management LLC, Thomas E. Lynch, Scott P. Scharfman, Charles M. B. Goldman, Justin C. Jacobs, Craig S. Miller and Lawrence F. Harris.

A $100 investment in Kona Grill at the IPO was worth $23 at 12/31/2009

LOGO

Note: The performance graph is as appears on page 21 of the company’s Annual Report on Form 10-K filed with the SEC on March 4, 2010.

 

[Please Turn Page]

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-----END PRIVACY-ENHANCED MESSAGE-----