0001193125-11-332100.txt : 20111206 0001193125-11-332100.hdr.sgml : 20111206 20111206162826 ACCESSION NUMBER: 0001193125-11-332100 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20111206 DATE AS OF CHANGE: 20111206 GROUP MEMBERS: MILL ROAD CAPITAL GP LLC GROUP MEMBERS: SCOTT P. SCHARFMAN GROUP MEMBERS: THOMAS E. LYNCH SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN PACIFIC CORP CENTRAL INDEX KEY: 0000350832 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INORGANIC CHEMICALS [2810] IRS NUMBER: 596490478 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-33521 FILM NUMBER: 111246070 BUSINESS ADDRESS: STREET 1: 3883 HOWARD HUGHES PARKWAY STREET 2: STE 700 CITY: LAS VEGAS STATE: NV ZIP: 89169 BUSINESS PHONE: 7027352200 MAIL ADDRESS: STREET 1: 3883 HOWARD HUGHES PARKWAY STREET 2: STE 700 CITY: LAS VEGAS STATE: NV ZIP: 89169 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: 382 GREENWICH AVE STREET 2: SUITE ONE CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 203-987-3500 MAIL ADDRESS: STREET 1: 382 GREENWICH AVE STREET 2: SUITE ONE CITY: GREENWICH STATE: CT ZIP: 06830 SC 13D/A 1 d266059dsc13da.htm AMENDMENT NO. 1 TO SCHEDULE 13D Amendment No. 1 to Schedule 13D

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

American Pacific Corporation

 

(Name of Issuer)

Common Stock, $0.10 par value per share

 

(Title of Class of Securities)

028740108

 

(CUSIP Number)

Mill Road Capital, L.P.

Attn: Thomas E. Lynch

382 Greenwich Avenue

Suite One

Greenwich, CT 06830

203-987-3500

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)

December 2, 2011

 

(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).

 

 

 


CUSIP No. 028740108   13D   Page 2 of 8 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    699,406

 

     9.   

Sole Dispositive Power

 

   10.   

Shared Dispositive Power    699,406

 

11.

 

Aggregate Amount Beneficially Owned by Each Reporting Person    699,406

 

12.

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)    ¨

 

13.

 

Percent of Class Represented by Amount in Row (11)        9.3%

 

14.

 

Type of Reporting Person (See Instructions)    HC; IN

 

 


CUSIP No. 028740108   13D   Page 3 of 8 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    699,406

 

     9.    

Sole Dispositive Power

 

   10.    

Shared Dispositive Power    699,406

 

  11.   

Aggregate Amount Beneficially Owned by Each Reporting Person    699,406

 

  12.   

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)     ¨

 

  13.   

Percent of Class Represented by Amount in Row (11)    9.3%

 

  14.   

Type of Reporting Person (See Instructions) HC;  IN

 


CUSIP No. 028740108   13D   Page 4 of 8 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     699,406

 

     8.   

Shared Voting Power

 

     9.   

Sole Dispositive Power     699,406

 

   10.   

Shared Dispositive Power

 

11.

 

Aggregate Amount Beneficially Owned by Each Reporting Person    699,406

 

12.

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)    ¨

 

13.

 

Percent of Class Represented by Amount in Row (11)    9.3%

 

14.

 

Type of Reporting Person (See Instructions)    HC; OO

 

 


CUSIP No. 028740108   13D   Page 5 of 8 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    699,406

 

     8.   

Shared Voting Power

 

     9.   

Sole Dispositive Power     699,406

 

   10.   

Shared Dispositive Power

 

11.

 

Aggregate Amount Beneficially Owned by Each Reporting Person    699,406

 

12.

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)    ¨

 

13.

 

Percent of Class Represented by Amount in Row (11)     9.3%

 

14.

 

Type of Reporting Person (See Instructions)    PN

 


CUSIP No. 028740108

   Page 6 of 8 Pages

This Amendment No. 1 to the joint statement on Schedule 13D with respect to the common stock, $0.10 par value per share, of American Pacific Corporation, a Delaware corporation, filed by the undersigned on September 19, 2011 (the “Schedule 13D”), amends and supplements the Schedule 13D as follows:

 

1. Item 3 of the Schedule 13D shall hereby be amended and restated in full as follows:

Item 3.  Source and Amount of Funds or Other Consideration

The Reporting Persons have acquired beneficial ownership of an aggregate of 699,406 shares of Common Stock for $4,754,328.04 using working capital from the Fund and the proceeds of margin loans under margin loan facilities maintained in the ordinary course of business by the Fund with a broker on customary terms and conditions.”

 

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

“(a, b) The percentages of beneficial ownership reported in this Item 5, and on each Reporting Person’s cover page to this Schedule 13D, are based on a total of 7,559,591 shares of the Common Stock issued and outstanding as of July 29, 2011, as reported in the most recent quarterly report of the Issuer on Form 10-Q for the fiscal quarter ended June 30, 2011. All of the share numbers reported below, and on each Reporting Person’s cover page to this Schedule 13D, are as of December 6, 2011, unless otherwise indicated. The cover page to this Schedule 13D for each Reporting Person is incorporated by reference in its entirety into this Item 5(a, b).

The Fund directly holds, and thus has sole voting and dispositive power over, 699,406 shares of Common Stock. The GP, as sole general partner of the Fund, also has sole voting and dispositive power over these shares, and each of Messrs. Lynch and Scharfman has the shared authority to vote and dispose of these shares on behalf of the Fund. Accordingly, each of the Reporting Persons beneficially owns 699,406 shares of Common Stock, or approximately 9.3% of the outstanding shares of Common Stock, and the Reporting Persons beneficially own, in the aggregate, 699,406 shares of Common Stock, or approximately 9.3% of the outstanding shares of Common Stock.”

 

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

“(c) No Reporting Person, other than the Fund as set forth in the table below, effected any transaction in shares of the Common Stock from October 7, 2011 (the date 60 days prior to the filing of this Amendment No.1 to the Schedule 13D) until December 6, 2011:

 

Date of

Transaction

   Shares
Purchased
     Avg. Price
per Share
($)
 

10/13/2011

     3,300       $ 7.3598   

10/14/2011

     5,411       $ 7.3939   

11/14/2011

     200       $ 7.6500   

11/16/2011

     200       $ 7.7000   

11/18/2011

     400       $ 7.7295   

11/21/2011

     300       $ 7.7449   

11/22/2011

     200       $ 7.7250   

12/1/2011

     100       $ 7.7500   

12/2/2011

     125,417       $ 7.7000   


CUSIP No. 028740108     Page 7 of 8 Pages

Each of the above listed transactions was conducted in the ordinary course of business on the open market for cash. Purchases have been aggregated daily, and purchase prices do not reflect brokerage commissions paid.”

 

4. Except as expressly modified hereby, all provisions of the Schedule 13D shall continue in full force and effect.

[signature page follows]


CUSIP No. 028740108

   Page 8 of 8 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:  December 6, 2011

MILL ROAD CAPITAL, L.P.

By:  

Mill Road Capital GP LLC,

its General Partner

By:  

/s/ Scott P. Scharfman

 

Scott P. Scharfman

 

Management Committee Director

MILL ROAD CAPITAL GP LLC

By:  

/s/ Scott P. Scharfman

 

Scott P. Scharfman

 

Management Committee Director

THOMAS E. LYNCH

By:  

/s/ Scott P. Scharfman

 

Scott P. Scharfman, attorney-in-fact

SCOTT P. SCHARFMAN

/s/ Scott P. Scharfman

Scott P. Scharfman