-----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, FIJuukp195eeZ835ddCHmK1XaQ1EYtc0bau5p8UljO4QQL5jHjQXfcfmkFBnYafh Z8tU8PFhjB+ZKfaOLuUvyw== 0000895345-08-000331.txt : 20080508 0000895345-08-000331.hdr.sgml : 20080508 20080508151939 ACCESSION NUMBER: 0000895345-08-000331 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080508 DATE AS OF CHANGE: 20080508 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: 1206 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-38836 FILM NUMBER: 08813679 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 jf13da3-xrite_sagard.htm SCHEDULE 13D/A jf13da3-xrite_sagard.htm
 
 
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
 
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)
 
May 7, 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 o.
 
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  2  of  9

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
                                                                                                                        0;                                                                                         (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:  2,730,877
 
BY EACH
REPORTING
  9
 
Sole Dispositive Power:  -0-
 
PERSON
WITH
  10
 
Shared Dispositive Power:  2,730,877
 
11
Aggregate Amount Beneficially Owned by Each Reporting Person:   2,730,877
 
 
12
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares                                       o
 
 
13
Percent of Class Represented by Amount in Row (9):  9.24%
 
 
14
Type of Reporting Person:
 
  PN
 
 
 

 
CUSIP No.  983857103
 
Page  3  of  9

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)  o
                                                                                                                        0;                                                                                         (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:  2,730,877
 
BY EACH
REPORTING
  9
 
Sole Dispositive Power:  -0-
 
PERSON
WITH
  10
 
Shared Dispositive Power:  2,730,877
 
11
Aggregate Amount Beneficially Owned by Each Reporting Person:   2,730,877
 
 
12
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares                                       o
 
 
13
Percent of Class Represented by Amount in Row (9):  9.24%
 
 
14
Type of Reporting Person:
 
  CO
 
 

 
CUSIP No.  983857103
 
Page  4  of  9

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)  o
                                                                                                                        0;                                                                                         (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:  2,730,877
 
BY EACH
REPORTING
  9
 
Sole Dispositive Power:  -0-
 
PERSON
WITH
  10
 
Shared Dispositive Power:  2,730,877
 
11
Aggregate Amount Beneficially Owned by Each Reporting Person:   2,730,877
 
 
12
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares                                       o
 
 
13
Percent of Class Represented by Amount in Row (9):  9.24%
 
 
14
Type of Reporting Person:
 
  IA;CO
 
 

 
This Amendment No. 3, 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 and further amended on April 29, 2008, 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 and restated in its entirety as follows:
 
The aggregate purchase price of the 2,730,877 Shares reported herein as beneficially owned by the Reporting Persons is $22,769,710.  Such Shares were acquired by Sagard from time to time in open market transactions with its working capital.
 
Item 5.         Interest in Securities of the Issuer.
 
Item 5 is hereby amended and restated in its entirety as follows:
 
(a)           Each Reporting Person beneficially owns 2,730,877 Shares, which represents 9.24% of the outstanding Shares.
 
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:
0
 
 
Shared power to vote or direct the vote:
2,730,877
 
 
Sole power to dispose or to direct the disposition:
0
 
 
Shared power to dispose or direct the disposition:
2,730,877
 
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.
 
 
(c)           The following transactions in the Shares have been effected by Sagard during the last 60 days:
 
Date of Transaction
                                Number of Shares
                              Purchased
                     Price Per Share
2008-03-07
16,800.00
7.08
2008-03-10
25,000.00
7.04
2008-03-11
21,900.00
7.13
2008-03-12
22,900.00
6.99
2008-03-13
25,000.00
6.68
2008-03-14
21,900.00
6.54
2008-03-17
7,500.00
6.54
2008-03-18
20,600.00
6.54
2008-03-19
13,500.00
6.71
2008-03-20
5,300.00
6.69
2008-03-24
5,560.00
6.97
2008-03-25
12,300.00
6.80
2008-03-27
19,800.00
6.40
2008-03-28
13,000.00
6.17
2008-03-31
25,000.00
6.04
2008-04-01
15,500.00
6.00
2008-04-02
20,000.00
6.38
2008-04-03
25,000.00
5.04
2008-04-04
25,000.00
5.34
2008-04-07
13,900.00
5.57
2008-04-08
15,200.00
5.55
2008-04-09
25,000.00
5.41
2008-04-10
14,500.00
5.22
2008-04-11
14,300.00
5.15
2008-04-14
23,400.00
4.93
2008-04-15
25,000.00
4.75
2008-04-16
25,000.00
4.76
2008-04-17
19,100.00
4.81
2008-04-18
25,000.00
4.86
2008-04-21
22,700.00
4.57
2008-04-24
21,340.00
4.48
2008-04-25
25,000.00
4.30
2008-04-28
93,440.00
2.92
2008-04-29
100,000.00
2.72
2008-04-30
100,000.00
2.55
2008-05-01
50,000.00
2.54
2008-05-02
20,000.00
2.72
2008-05-02
21,760.00
2.82
2008-05-07
150,000.00
2.55
 
(d)           Not applicable.
 
(e)           Not applicable.
 

 
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: May 8, 2008
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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