0000929638-14-000186.txt : 20140213 0000929638-14-000186.hdr.sgml : 20140213 20140213144845 ACCESSION NUMBER: 0000929638-14-000186 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20140213 DATE AS OF CHANGE: 20140213 GROUP MEMBERS: MIG MASTER FUND L.P. GROUP MEMBERS: RICHARD P. MERAGE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TILLY'S, INC. CENTRAL INDEX KEY: 0001524025 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-APPAREL & ACCESSORY STORES [5600] IRS NUMBER: 452164791 STATE OF INCORPORATION: DE FISCAL YEAR END: 0201 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-86840 FILM NUMBER: 14605261 BUSINESS ADDRESS: STREET 1: 10 WHATNEY CITY: IRVINE STATE: CA ZIP: 92618 BUSINESS PHONE: (949) 609-5599 MAIL ADDRESS: STREET 1: 10 WHATNEY CITY: IRVINE STATE: CA ZIP: 92618 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MIG Capital, LLC CENTRAL INDEX KEY: 0001425649 IRS NUMBER: 200574542 STATE OF INCORPORATION: DE FISCAL YEAR END: 0811 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 660 NEWPORT CENTER DRIVE STREET 2: SUITE 1300 CITY: NEWPORT BEACH STATE: CA ZIP: 92660 BUSINESS PHONE: 949-474-5800 MAIL ADDRESS: STREET 1: 660 NEWPORT CENTER DRIVE STREET 2: SUITE 1300 CITY: NEWPORT BEACH STATE: CA ZIP: 92660 FORMER COMPANY: FORMER CONFORMED NAME: MIG Absolute Return, LLC DATE OF NAME CHANGE: 20110512 FORMER COMPANY: FORMER CONFORMED NAME: Falcon Investment Management LLC DATE OF NAME CHANGE: 20080131 SC 13G/A 1 mig_tilly-amend1.htm AMENDMENT NO.1 TO SCHEDULE 13G mig_tilly-amend1.htm

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

 
SCHEDULE 13G
 
 
 
Under the Securities Exchange Act of 1934
 
 
 
(Amendment No. 1)*
 

 
TILLY’S, INC.
 
 
(Name of Issuer)
 

 
Class A Common Stock, $0.001 par value per share
 
 
(Title of Class of Securities)
 

 
886885102
 
 
(CUSIP Number)
 

 
December 31, 2013
 
 
(Date of Event which Requires Filing of this Statement)
 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
[ ]           Rule 13d-1(b)
 
[x]           Rule 13d-1(c)
 
[ ]           Rule 13d-1(d)
 
___________________________________
*  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 the disclosures provided in a prior cover page.
 
The information required in 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).
 

 
 

 
 
1
Names of Reporting Persons.
 
MIG Master Fund, L.P.
MIG Capital, LLC
Richard P. Merage
 
I.R.S. Identification Nos. of above persons (entities only)
 
2
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)           [ ]
 
(b)           [ ]
 
3
SEC Use Only
 
4
Citizenship or Place of Organization.
 
MIG Master Fund, L.P. - Cayman Islands
MIG Capital, LLC - Delaware
Richard P. Merage - United States
 

 
 
 
 
 
 
 
 
 
Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
5    Sole Voting Power
 
MIG Master Fund, L.P. - 0 shares
MIG Capital, LLC - 0 shares
Richard P. Merage - 0 shares
 
6    Shared Voting Power
 
MIG Master Fund, L.P. - 514,429 shares
MIG Capital, LLC - 514,429 shares
Richard P. Merage - 514,429 shares
 
Refer to Item 4 below.
 
7    Sole Dispositive Power
 
MIG Master Fund, L.P. - 0 shares
MIG Capital, LLC - 0 shares
Richard P. Merage - 0 shares
 
8    Shared Dispositive Power
 
MIG Master Fund, L.P. - 514,429 shares
MIG Capital, LLC - 514,429 shares
Richard P. Merage - 514,429 shares
 
Refer to Item 4 below.
 

9
Aggregate Amount Beneficially Owned by Each Reporting Person
 
MIG Master Fund, L.P. - 514,429 shares
MIG Capital, LLC - 514,429 shares
Richard P. Merage - 514,429 shares
 
Refer to Item 4 below.
 
10
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)     [ ]
 
Not applicable.
 
11
Percent of Class Represented by Amount in Row (9)
 
MIG Master Fund, L.P. - 4.52%
MIG Capital, LLC - 4.52%
Richard P. Merage - 4.52%
 
Refer to Item 4 below.
 
12
Type of Reporting Person (See Instructions)
 
MIG Master Fund, L.P. - PN (Limited Partnership)
MIG Capital, LLC - OO (Limited Liability Company)
Richard P. Merage - IN (Individual)
 
 
 
 

 

Item 1.
 

(a)
Name of Issuer
 
 
Tilly’s, Inc.
 
(b)
Address of Issuer’s Principal Executive Offices
 
 
10 Whatney, Irvine, California 92618

Item 2.
 

(a)
Name of Person Filing
 
 
MIG Master Fund, L.P.
MIG Capital, LLC
Richard P. Merage
 
(b)
Address of Principal Business Office or, if none, Residence
 
 
MIG Master Fund, L.P.
MIG Capital, LLC
Richard P. Merage
c/o MIG Capital, LLC
660 Newport Center Drive, Suite 1300
Newport Beach, CA  92660
 
(c)
Citizenship
 
 
MIG Master Fund, L.P. - Cayman Islands
MIG Capital, LLC - Delaware
Richard P. Merage - United States
 
(d)
Title of Class of Securities
 
 
Class A Common Stock, $0.001 par value per share (the “Common Shares”)
 
(e)
CUSIP Number
 
 
886885102

Item 3.
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)
[ ]
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
(b)
[ ]
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c)
[ ]
Insurance Company as defined in Section 3(a)(19) of the Act
(d)
[ ]
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).
(e)
[ ]
An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
(f)
[ ]
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
(g)
[ ]
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
[ ]
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
[ ]
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
[ ]
A non-U.S. institution, in accordance with §240.13d-1(b)(1)(ii)(J).
(k)
[ ]
Group, in accordance with §240.13d-1(b)(1)(ii)(K).

If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

Item 4.
Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

Shares reported herein for MIG Master Fund, L.P. (the “Fund”) represent Common Shares currently beneficially owned and held of record by the Fund.  Shares reported herein for MIG Capital, LLC (“LLC”) represent the above-referenced Common Shares reported for the Fund, for which the LLC serves as investment manager.  Shares reported herein for Mr. Merage represent the above-referenced Common Shares reported for the Fund and the LLC.  Mr. Merage serves as the managing member of the LLC.  Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein.

The percentages herein are calculated based upon the statement in the Issuer’s Quarterly Report on Form 10-Q, as filed with the SEC on December 10, 2013, that there were 11,370,639 outstanding shares of Common Stock of the Issuer as of December 5, 2013.

(a)
Amount Beneficially Owned
 
 
MIG Master Fund, L.P. - 514,429 shares
MIG Capital, LLC - 514,429 shares
Richard P. Merage - 514,429 shares
 
(b)
Percent of Class
 
 
MIG Master Fund, L.P. - 4.52%
MIG Capital, LLC - 4.52%                                                     
Richard P. Merage - 4.52%
 
(c)
Number of shares as to which such person has:
 
 
(i)
sole power to vote or to direct the vote
   
 
MIG Master Fund, L.P. - 0 shares
MIG Capital, LLC - 0 shares
Richard P. Merage - 0 shares
 
 
(ii)
shared power to vote or to direct the vote**
   
 
MIG Master Fund, L.P. - 514,429 shares
MIG Capital, LLC - 514,429 shares
Richard P. Merage - 514,429 shares
 
 
(iii)
Sole power to dispose or to direct the disposition of**
   
 
MIG Master Fund, L.P. - 0 shares
MIG Capital, LLC - 0 shares
Richard P. Merage - 0 shares
 
 
(iv)
shared power to dispose or to direct the disposition of**
   
 
MIG Master Fund, L.P. - 514,429 shares
MIG Capital, LLC - 514,429 shares
Richard P. Merage - 514,429 shares
 

Item 5.
Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X].

Item 6.
Ownership of More than Five Percent on Behalf of Another Person
 
 
Not applicable.
 
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
 
 
Not applicable.
 
Item 8.
Identification and Classification of Members of the Group
 
 
Not applicable.
 
Item 9.
Notice of Dissolution of Group
 
 
Not applicable.
 
Item 10.
Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

Exhibits
Exhibit
 
99.1
Joint Filing Agreement by and among the Reporting Persons, incorporated by reference to Exhibit 99.1 to the Schedule 13G filed by the Reporting Persons with the Securities and Exchange Commission on April 22, 2013.

 
 

 

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 13, 2014

 
MIG MASTER FUND, L.P.
   
 
By: MIG Capital Advisors, LLC,
 
its General Partner
   
 
By: /s/ Richard P. Merage
 
      Richard P. Merage
 
      A Manager
   
   
 
MIG CAPITAL, LLC
   
 
By: /s/ Richard P. Merage
 
      Richard P. Merage
 
      A Manager
   
   
 
RICHARD P. MERAGE
   
 
/s/ Richard P. Merage
 
Richard P. Merage, Individually