0000902664-05-000109.txt : 20120628
0000902664-05-000109.hdr.sgml : 20120628
20050124170331
ACCESSION NUMBER: 0000902664-05-000109
CONFORMED SUBMISSION TYPE: SC 13G
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20050124
DATE AS OF CHANGE: 20050124
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: RIVERVIEW GROUP LLC
CENTRAL INDEX KEY: 0001273091
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G
MAIL ADDRESS:
STREET 1: 666 FIFTH AVE
CITY: NEW YORK
STATE: NY
ZIP: 10103-0899
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: WET SEAL INC
CENTRAL INDEX KEY: 0000863456
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-WOMEN'S CLOTHING STORES [5621]
IRS NUMBER: 330415940
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0131
FILING VALUES:
FORM TYPE: SC 13G
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-41525
FILM NUMBER: 05545099
BUSINESS ADDRESS:
STREET 1: 26972 BURBANK
CITY: FOOTHILL RANCH
STATE: CA
ZIP: 92610
BUSINESS PHONE: 7145839029
MAIL ADDRESS:
STREET 1: 26972 BURBANK
CITY: FOOTHILL RANCH
STATE: CA
ZIP: 92610
SC 13G
1
srz9800144v1.txt
THE WET SEAL, INC.
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
The Wet Seal, Inc.
------------------------------------------------------
(Name of Issuer)
CLASS A COMMON STOCK
------------------------------------------------------
(Title of Class of Securities)
961840105
------------------------------------------------------
(CUSIP NUMBER)
January 14, 2005
------------------------------------------------------
(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).
Page 1 of 12 Pages
CUSIP No. 961840105 13G Page 2 of 12 Pages
-----------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE
PERSONS (ENTITIES ONLY)
Riverview Group, LLC
-----------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
-----------------------------------------------------------------------
(3) SEC USE ONLY
-----------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES
-----------------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
3,719,270
OWNED BY
-----------------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING
-----------------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
3,719,270
-----------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
3,719,270
-----------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
-----------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
9.99%
-----------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
OO
-----------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 961840105 13G Page 3 of 12 Pages
-----------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Millenco, LP
-----------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
-----------------------------------------------------------------------
(3) SEC USE ONLY
-----------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES
-----------------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
3,719,270
OWNED BY
-----------------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING
-----------------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
3,719,270
-----------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
3,719,270
-----------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
-----------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
9.99%
-----------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
PN
-----------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 961840105 13G Page 4 of 12 Pages
-----------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Millennium Holding Group, L.P.
-----------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
-----------------------------------------------------------------------
(3) SEC USE ONLY
-----------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES
-----------------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
3,719,270
OWNED BY
-----------------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING
-----------------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
3,719,270
-----------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
3,719,270
-----------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
-----------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
9.99%
-----------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
PN
-----------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 961840105 13G Page 5 of 12 Pages
-----------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Millennium Management, L.L.C.
-----------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
-----------------------------------------------------------------------
(3) SEC USE ONLY
-----------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES
-----------------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
3,719,270
OWNED BY
-----------------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING
-----------------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
3,719,270
-----------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
3,719,270
-----------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
-----------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
9.99%
-----------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
OO
-----------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 961840105 13G Page 6 of 12 Pages
-----------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSONS (ENTITIES ONLY)
Israel A. Englander
-----------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
-----------------------------------------------------------------------
(3) SEC USE ONLY
-----------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES
-----------------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
3,719,270
OWNED BY
-----------------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING
-----------------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
3,719,270
-----------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
3,719,270
-----------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES **
[ ]
-----------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
9.99%
-----------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
IN
-----------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 961840105 13G Page 7 of 12 Pages
Item 1.
(a) Name of Issuer
The Wet Seal, Inc., a Delaware corporation (the "Company").
(b) Address of Issuer's Principal Executive Offices:
26972 Burbank
Foothill Ranch, California 92610
Item 2(a). Name of Person Filing
Item 2(b). Address of Principal Business Office
Item 2(c). Citizenship
Riverview Group, LLC
c/o Millennium Management, L.L.C.
666 Fifth Avenue
New York, New York 10103
Citizenship: Delaware
Millenco, LP
c/o Millennium Management, L.L.C.
666 Fifth Avenue
New York, New York 10103
Citizenship: Delaware
Millennium Holding Group, L.P.
c/o Millennium Management, L.L.C.
666 Fifth Avenue
New York, New York 10103
Citizenship: Delaware
Millennium Management, L.L.C.
666 Fifth Avenue
New York, New York 10103
Citizenship: Delaware
Israel A. Englander
c/o Millennium Management, L.L.C.
666 Fifth Avenue
New York, New York 10103
Citizenship: United States
(d) Title of Class of Securities
Class A Common Stock, par value $0.10 per share ("Class A Common Stock")
(e) CUSIP Number
961840105
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b),
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).
CUSIP No. 961840105 13G Page 8 of 12 Pages
(c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (15
U.S.C. 78c).
(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 Rule 13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);
(h) [ ] A savings association 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) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this box. [X]
Item 4. Ownership
(a) Amount Beneficially Owned
Subject to the Ownership Limitation (defined below), as of the date of
this filing, each Reporting Person may be deemed the beneficial owner of (i)
1,768,986 shares of Class A Common Stock currently issuable to Riverview Group,
LLC, a Delaware limited liability company ("Riverview") upon the exercise of
certain warrants (the "Warrants"), (ii) 3,111,112 shares of Class A Common Stock
currently issuable to Riverview upon the conversion of certain secured
convertible notes in the aggregate principal amount of $4,666,667 (the "Notes")
and (iii) 1,150,000 shares of Class A Common Stock held outright by Millenco,
LP, a Delaware limited partnership ("Millenco").
The number of shares of Class A Common Stock into which the Warrants and
the Notes are exercisable or convertible, as applicable, is limited pursuant to
the terms of the Warrants and the Notes to that number of shares of Class A
Common Stock which would result in Riverview having aggregate beneficial
ownership of not more than 9.99% of the total issued and outstanding shares of
Class A Common Stock (the "Ownership Limitation"). Therefore, the percent of
class beneficially owned by the Reporting Persons is limited to 9.99%.
In accordance with the Ownership Limitation, as of the date of this
filing, each Reporting Person may be deemed the beneficial owner of 3,719,270
shares of Class A Common Stock. (Based on the Company's Definitive Proxy
Statement filed on December 14, 2004, there were 34,660,657 shares of Class A
Common Stock outstanding as of December 9, 2004. In addition, 2,569,270 shares
of Class A Common Stock are currently issuable to Riverview pursuant to the
terms of the Warrants and the Notes without causing Riverview's aggregate
beneficial ownership to exceed the Ownership Limitation.)
CUSIP No. 961840105 13G Page 9 of 12 Pages
Note: The sole member of Riverview is Millennium Holding Group, L.P., a
Delaware limited partnership ("Holding"). Millennium Management, L.L.C., a
Delaware limited liability company ("Millennium Management"), is the general
partner of Holding and Millenco and consequently has voting control and
investment discretion over securities owned by Holding, Riverview and Millenco.
Israel A. Englander ("Mr. Englander") is the sole managing member of Millennium
Management. As a result, Mr. Englander may be considered the beneficial owner of
any shares deemed to be beneficially owned by Millennium Management. The
foregoing should not be construed in and of itself as an admission by any of
Holding, Millennium Management or Mr. Englander as to beneficial ownership of
the shares owned by Riverview or Millenco.
Note: Millennium Partners, L.P., a Cayman Islands limited partnership
("Partners"), is a limited partner of Holding. As a limited partner, Partners
has no investment or voting control over Holding or its securities positions.
(b) Percent of Class
9.99% (see Item 4(a) above).
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
-0-
(ii) Shared power to vote or to direct the vote
3,719,270 shares of Class A Common Stock
(iii) Sole power to dispose or to direct the disposition of
-0-
(iv) Shared power to dispose or to direct the disposition of
3,719,270 shares of Class A Common Stock
Item 5. Ownership of Five Percent or Less of a Class
Not applicable.
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
See Exhibit I.
Item 9. Notice of Dissolution of Group
Not applicable
CUSIP No. 961840105 13G Page 10 of 12 Pages
Item 10. Certification
By signing below each of the undersigned certifies that, to the best of its
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 I: Joint Filing Agreement, dated as of January 24, 2005, by and among
Riverview Group, LLC, Millenco, LP, Millennium Holding Group L.P., Millennium
Management, L.L.C. and Israel A. Englander.
CUSIP No. 961840105 13G Page 11 of 12 Pages
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, each of
the undersigned certifies that the information with respect to it set forth in
this statement is true, complete, and correct.
Dated: January 24, 2005
RIVERVIEW GROUP, LLC MILLENCO, LP
By: Millennium Holding Group, L.P., By: Millennium Management, L.L.C.
its sole member its general partner
By: Millennium Management, L.L.C. By:/s/ Terry Feeney
its general partner ------------------------------
Name: Terry Feeney
Title: Chief Operating Officer
By:/s/ Terry Feeney
------------------------------
Name: Terry Feeney
Title: Chief Operating Officer
MILLENNIUM HOLDING GROUP, L.P. MILLENNIUM MANAGEMENT, L.L.C.
By: Millennium Management, L.L.C. By:/s/ Terry Feeney
its general partner ------------------------------
Name: Terry Feeney
Title: Chief Operating Officer
By:/s/ Terry Feeney
------------------------------
Name: Terry Feeney
Title: Chief Operating Officer
/s/ Israel A. Englander
----------------------------------
Israel A. Englander
CUSIP No. 961840105 13G Page 12 of 12 Pages
EXHIBIT I
JOINT FILING AGREEMENT
This will confirm the agreement by and among the undersigned that the Schedule
13G filed with the Securities and Exchange Commission on or about the date
hereof with respect to the beneficial ownership by the undersigned of the Class
A Common Stock, par value $0.10 per share, of The Wet Seal, Inc., a Delaware
corporation, is being filed, and all amendments thereto will be filed, on behalf
of each of the persons and entities named below in accordance with Rule 13d-1(k)
under the Securities Exchange Act of 1934, as amended. This Agreement may be
executed in two or more counterparts, each of which shall be deemed an original,
but all of which together shall constitute one and the same instrument.
Dated: January 24, 2005
RIVERVIEW GROUP, LLC MILLENCO, LP
By: Millennium Holding Group, L.P., By: Millennium Management, L.L.C.
its sole member its general partner
By: Millennium Management, L.L.C. By:/s/ Terry Feeney
its general partner ------------------------------
Name: Terry Feeney
Title: Chief Operating Officer
By:/s/ Terry Feeney
------------------------------
Name: Terry Feeney
Title: Chief Operating Officer
MILLENNIUM HOLDING GROUP, L.P. MILLENNIUM MANAGEMENT, L.L.C.
By: Millennium Management, L.L.C. By:/s/ Terry Feeney
its general partner ------------------------------
Name: Terry Feeney
Title: Chief Operating Officer
By:/s/ Terry Feeney
------------------------------
Name: Terry Feeney
Title: Chief Operating Officer
/s/ Israel A. Englander
----------------------------------
Israel A. Englander