-----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, MaZKupq7zyzCSkm1HXtElgzkkWCg9zXqCldY8oeCV4DneogGG1HSnPhK6uPt1Jjf +73OG5qWFIrYgN8ev9wJqA== 0000895345-08-000476.txt : 20080825 0000895345-08-000476.hdr.sgml : 20080825 20080825172735 ACCESSION NUMBER: 0000895345-08-000476 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080825 DATE AS OF CHANGE: 20080825 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: 1229 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-38836 FILM NUMBER: 081037402 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 pr13da6-xrite_sagard.htm pr13da6-xrite_sagard.htm
 
 
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 6)*
 
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)
 
August 20, 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  5

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  5

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  5

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. 6, 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, amended on April 29, 2008, amended on May 8, 2008, amended on May 30, 2008 and further amended on August 21, 2008, relating to the Common Stock, par value $0.10 per share (the “Shares”), of X-RITE, INCORPORATED, a Michigan corporation (the “Issuer”).
 
Item 4.         Purpose of Transaction.
 
Item 4 is hereby amended by adding the following at the end thereof:
 
On August 20, 2007, Sagard entered into an Investment Agreement (the “Investment Agreement”) with the Issuer providing for the purchase (the “Share Purchase”) by Sagard, on the terms and subject to the conditions of the Investment Agreement, of 9,076,667 newly issued shares of the Issuer’s Common Stock (“Shares”), for an aggregate cash purchase price of $27,230,001.  Upon the closing of the Share Purchase, and after the simultaneous closing of purchases of Shares by Tinicum Capital Partners II, L.P., Tinicum Capital Partners II Parallel Fund, L.P. and Tinicum Capital Partners II Executive Fund, L.L.C. pursuant to the Investment Agreement, and OEPX, LLC pursuant to a separate purchase agreement (collectively, the “Other Purchases”), the Reporting Persons would own approximately 15.4% of the outstanding Common Stock.  The Share Purchase is subject to, among other things, approval by the Issuer’s shareholders and the simultaneous closing of the Other Purchases.
 
In the Investment Agreement, the Issuer has agreed to cause one of the existing members of the Issuer’s board of directors to resign and to cause one person nominated by Sagard to be elected or appointed to the board of directors of the Issuer promptly following the closing of the Share Purchase.
 
All of the descriptions set forth herein, are qualified in their entirety by reference to the complete term of the Investment Agreement.  A copy of the Investment Agreement is filed herewith as Exhibit E and is incorporated herein by reference.
 
Item 6.
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
 
Item 6 is hereby amended by adding the following at the end thereof:
 
See Item 4 for a description of the Investment Agreement.  In connection with the Share Purchase, Sagard and the Issuer have agreed to enter into a Registration Rights Agreement at the closing of the Share Purchase.  A copy of the Investment Agreement is filed herewith as Exhibit E and is incorporated herein by reference.
 
Item 7.         Material to Be Filed as Exhibits.
 
Exhibit E
Investment Agreement between X-Rite, Incorporated, Tinicum Capital Partners II, L.P., Tinicum Capital Partners II Parallel Fund, L.P. and Tinicum Capital Partners II Executive Fund, L.L.C. and Sagard Capital Partners, L.P., dated August 20, 2008 (incorporated herein by reference to Exhibit 10.2 to X-Rite, Incorporated’s Current Report on Form 8-K, filed on August 25, 2008).
 
 

 
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: August 25, 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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