SC 13D/A 1 d769562dsc13da.htm SC 13D/A SC 13D/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 4)*

 

 

Sears Hometown and Outlet Stores, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

812362101

(CUSIP Number)

Janice V. Sharry, Esq.

Haynes and Boone, LLP

2323 Victory Avenue, Suite 700

Dallas, Texas 75219

(214) 651-5000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

July 31, 2014

(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 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, as amended (“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. 812362101  

 

  1.   

Names of Reporting Persons.

 

ESL Partners, L.P.

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)  x

(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

 

4,771,352

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

4,771,352

   10.   

Shared Dispositive Power

 

5,701,483

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

10,472,835

12.  

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

 

¨

13.  

Percent of Class Represented by Amount in Row (11)

 

46.0% (1)

14.  

Type of Reporting Person (See Instructions)

 

PN

 

(1) Based upon 22,749,936 shares of Common Stock outstanding as of June 5, 2014, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended May 3, 2014 that was filed by the Issuer with the Securities and Exchange Commission on June 6, 2014.


CUSIP No. 812362101  

 

  1.   

Names of Reporting Persons.

 

SPE I Partners, LP

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)  x

(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

 

0

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

0

   10.   

Shared Dispositive Power

 

0

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

0

12.  

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

 

¨

13.  

Percent of Class Represented by Amount in Row (11)

 

0.0% (1)

14.  

Type of Reporting Person (See Instructions)

 

PN

 

(1) Based upon 22,749,936 shares of Common Stock outstanding as of June 5, 2014, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended May 3, 2014 that was filed by the Issuer with the Securities and Exchange Commission on June 6, 2014.


CUSIP No. 812362101  

 

  1.   

Names of Reporting Persons.

 

SPE Master I, LP

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)  x

(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

 

180,799

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

180,799

   10.   

Shared Dispositive Power

 

0

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

180,799

12.  

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

 

¨

13.  

Percent of Class Represented by Amount in Row (11)

 

0.8% (1)

14.  

Type of Reporting Person (See Instructions)

 

PN

 

(1) Based upon 22,749,936 shares of Common Stock outstanding as of June 5, 2014, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended May 3, 2014 that was filed by the Issuer with the Securities and Exchange Commission on June 6, 2014.


CUSIP No. 812362101  

 

  1.   

Names of Reporting Persons.

 

RBS Partners, L.P.

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)  x

(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

 

4,952,151

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

4,952,151

   10.   

Shared Dispositive Power

 

5,701,483

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

10,653,634

12.  

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

 

¨

13.  

Percent of Class Represented by Amount in Row (11)

 

46.8% (1)

14.  

Type of Reporting Person (See Instructions)

 

PN

 

(1) Based upon 22,749,936 shares of Common Stock outstanding as of June 5, 2014, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended May 3, 2014 that was filed by the Issuer with the Securities and Exchange Commission on June 6, 2014.


CUSIP No. 812362101  

 

  1.   

Names of Reporting Persons.

 

ESL Institutional Partners, L.P.

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)  x

(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

 

2,336

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

2,336

   10.   

Shared Dispositive Power

 

0

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

2,336

12.  

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

 

¨

13.  

Percent of Class Represented by Amount in Row (11)

 

0.0% (1)

14.  

Type of Reporting Person (See Instructions)

 

PN

 

(1) Based upon 22,749,936 shares of Common Stock outstanding as of June 5, 2014, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended May 3, 2014 that was filed by the Issuer with the Securities and Exchange Commission on June 6, 2014.


CUSIP No. 812362101  

 

  1.   

Names of Reporting Persons.

 

RBS Investment Management, L.L.C.

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)  x

(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

 

2,336

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

2,336

   10.   

Shared Dispositive Power

 

0

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

2,336

12.  

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

 

¨

13.  

Percent of Class Represented by Amount in Row (11)

 

0.0% (1)

14.  

Type of Reporting Person (See Instructions)

 

OO

 

(1) Based upon 22,749,936 shares of Common Stock outstanding as of June 5, 2014, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended May 3, 2014 that was filed by the Issuer with the Securities and Exchange Commission on June 6, 2014.


CUSIP No. 812362101  

 

  1.   

Names of Reporting Persons.

 

CRK Partners, LLC

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)  x

(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

 

170

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

170

   10.   

Shared Dispositive Power

 

0

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

170

12.  

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

 

¨

13.  

Percent of Class Represented by Amount in Row (11)

 

0.0% (1)

14.  

Type of Reporting Person (See Instructions)

 

OO

 

(1) Based upon 22,749,936 shares of Common Stock outstanding as of June 5, 2014, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended May 3, 2014 that was filed by the Issuer with the Securities and Exchange Commission on June 6, 2014.


CUSIP No. 812362101  

 

  1.   

Names of Reporting Persons.

 

ESL Investments, Inc.

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)  x

(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

 

4,954,657

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

4,954,657

   10.   

Shared Dispositive Power

 

5,701,483

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

10,656,140

12.  

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

 

¨

13.  

Percent of Class Represented by Amount in Row (11)

 

46.8% (1)

14.  

Type of Reporting Person (See Instructions)

 

CO

 

(1) Based upon 22,749,936 shares of Common Stock outstanding as of June 5, 2014, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended May 3, 2014 that was filed by the Issuer with the Securities and Exchange Commission on June 6, 2014.


CUSIP No. 812362101  

 

  1.   

Names of Reporting Persons.

 

Edward S. Lampert

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)  x

(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

 

United States

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

     7.    

Sole Voting Power

 

10,656,140

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

4,954,657

   10.   

Shared Dispositive Power

 

5,701,483

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

10,656,140

12.  

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

 

¨

13.  

Percent of Class Represented by Amount in Row (11)

 

46.8% (1)

14.  

Type of Reporting Person (See Instructions)

 

IN

 

(1) Based upon 22,749,936 shares of Common Stock outstanding as of June 5, 2014, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended May 3, 2014 that was filed by the Issuer with the Securities and Exchange Commission on June 6, 2014.


This Amendment No. 4 to Schedule 13D (this “Amendment No. 4”) relates to shares of common stock, par value $0.01 per share (the “Common Stock”), of Sears Hometown and Outlet Stores, Inc., a Delaware corporation (the “Issuer”). This Amendment No. 4 amends the Schedule 13D, as previously amended, filed with the Securities and Exchange Commission by ESL Partners, L.P., a Delaware limited partnership (“Partners”), SPE I Partners, LP, a Delaware limited partnership (“SPE I”), SPE Master I, LP, a Delaware limited partnership (“SPE Master I”), RBS Partners, L.P., a Delaware limited partnership (“RBS”), ESL Institutional Partners, L.P., a Delaware limited partnership (“Institutional”), RBS Investment Management, L.L.C., a Delaware limited liability company (“RBSIM”), CRK Partners, LLC, a Delaware limited liability company (“CRK LLC”), ESL Investments, Inc., a Delaware corporation (“ESL”), and Edward S. Lampert, a United States citizen, by furnishing the information set forth below. Except as otherwise specified in this Amendment No. 4, all previous Items are unchanged. Capitalized terms used herein which are not defined herein have the meanings given to them in the Schedule 13D, as previously filed with the Securities and Exchange Commission.

The Reporting Persons are filing this Amendment No. 4 to report (i) recent open market purchases of shares of Common Stock by Mr. Lampert; (ii) a distribution of shares of Common Stock by SPE Master I on a pro rata basis to its partners, including to RBS; (iii) a distribution by SPE I of shares of Common Stock on a pro rata basis to its partners, including to RBS and (iv) that SPE I ceased to beneficially own any shares of Common Stock.

Item 2. Identity and Background.

Item 2(a) is hereby amended and restated in its entirety as follows:

“(a) This Schedule 13D is being filed by Partners, SPE I, SPE Master I, RBS, Institutional, RBSIM, CRK LLC, ESL and Edward S. Lampert by furnishing the information set forth below. Partners, SPE I, SPE Master I, RBS, Institutional, RBSIM, CRK LLC, ESL and Mr. Lampert are collectively defined as the “Reporting Persons.”

Attached as Annex A hereto and incorporated herein by reference is a list containing the (a) name, (b) citizenship, (c) present principal occupation or employment and (d) the name, principal business address of any corporation or other organization in which such employment is conducted, of each director and executive officer of Investments (the “ESL Directors and Officers”). Other than the ESL Directors and Officers, there are no persons or corporations controlling or ultimately in control of Investments.”

Item 2(c) is hereby amended and restated in its entirety as follows:

“(c) The principal business of each of the Reporting Persons is purchasing, holding and selling securities for investment purposes. RBS is the general partner of Partners, SPE I and SPE Master I. RBSIM is the general partner of Institutional. ESL is the general partner of RBS, the sole member of CRK LLC and the manager of RBSIM. Mr. Lampert is the Chairman, Chief Executive Officer and Director of ESL. Mr. Lampert is also a limited partner of RBS. Mr. Lampert is also Chairman of the Board of Directors of Sears Holdings Corporation (“Sears Holdings”). Each of the Reporting Persons may also serve as general partner or managing member of certain other entities engaged in the purchasing, holding and selling of securities for investment purposes.”

Item 5. Interest in Securities of the Issuer.

Item 5 is hereby amended and restated in its entirety as follows:

“(a)-(b) Each Reporting Person declares that neither the filing of this Schedule 13D nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner of any securities covered by this Schedule 13D.

Each Reporting Person may be deemed to be a member of a group with respect to the Issuer or securities of the Issuer for the purposes of Section 13(d) or 13(g) of the Act. Each Reporting Person declares that neither the filing of this Schedule 13D nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act) with any other person as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any syndicate or group with respect to the Issuer or any securities of the Issuer.


As of the time of filing on July 31, 2014, the Reporting Persons may be deemed to beneficially own the shares of Common Stock of the Issuer set forth in the table below.

 

REPORTING

PERSON

   NUMBER OF
SHARES
BENEFICIALLY
OWNED
    PERCENTAGE
OF
OUTSTANDING
SHARES
    SOLE VOTING
POWER
    SHARED
VOTING
POWER
     SOLE
DISPOSITIVE
POWER
    SHARED
DISPOSITIVE
POWER
 

ESL Partners, L.P.

     10,472,835 (1)      46.0     4,771,352        0         4,771,352        5,701,483 (1) 

SPE I Partners, LP

     0        0.0     0        0         0        0   

SPE Master I, LP

     180,799        0.8     180,799        0         180,799        0   

RBS Partners, L.P.

     10,653,634 (1)(2)      46.8     4,952,151 (2)      0         4,952,151 (2)      5,701,483 (1) 

ESL Institutional Partners, L.P.

     2,336        0.0     2,336        0         2,336        0   

RBS Investment Management, L.L.C.

     2,336 (3)      0.0     2,336 (3)      0         2,336 (3)      0   

CRK Partners, LLC

     170        0.0     170        0         170        0   

ESL Investments, Inc.

     10,656,140 (1)(4)      46.8     4,954,657 (4)      0         4,954,657 (4)      5,701,483 (1) 

Edward S. Lampert

     10,656,140 (1)(5)      46.8     10,656,140 (1)(5)      0         4,954,657 (4)      5,701,483 (1) 

 

(1) This number includes 5,701,483 shares of Common Stock held by Mr. Lampert. Partners has entered into the Lock-Up Agreement with Mr. Lampert that restricts the purchase and sale of securities held by Mr. Lampert. Pursuant to the Lock-Up Agreement, Partners may be deemed to have shared dispositive power over, and to indirectly beneficially own, securities owned by Mr. Lampert. RBS, ESL and Mr. Lampert may also be deemed to have shared dispositive power over, and to indirectly beneficially own, such securities.
(2) This number includes 4,771,352 shares of Common Stock held by Partners and 180,799 shares of Common Stock held by SPE Master I. RBS is the general partner of, and may be deemed to indirectly beneficially own securities owned by, Partners and SPE Master I.
(3) This number includes 2,336 shares of Common Stock held by Institutional. RBSIM is the general partner of, and may be deemed to indirectly beneficially own securities owned by, Institutional.
(4) This number includes 4,771,352 shares of Common Stock held by Partners, 180,799 shares of Common Stock held by SPE Master I, 2,336 shares of Common Stock held by Institutional and 170 shares of Common Stock held by CRK LLC. ESL is the general partner of, and may be deemed to indirectly beneficially own securities owned by, RBS. ESL is the manager of, and may be deemed to indirectly beneficially own securities owned by, RBSIM. ESL is the sole member of, and may be deemed to indirectly beneficially own securities owned by, CRK LLC.
(5) This number includes 4,771,352 shares of Common Stock held by Partners, 180,799 shares of Common Stock held by SPE Master I, 2,336 shares of Common Stock held by Institutional and 170 shares of Common Stock held by CRK LLC. Mr. Lampert is the Chairman, Chief Executive Officer and Director of, and may be deemed to indirectly beneficially own securities owned by, ESL.

(c) Other than as set forth on Annex B hereto, there have been no transactions in the class of securities reported on that were effected by the Reporting Persons during the past sixty days or since the most recent filing of Schedule 13D, whichever is less.

(d) Not applicable.

(e) SPE I ceased to beneficially own any shares of Common Stock on July 31, 2014.”


Item 7. Material to be Filed as Exhibits.

Item 7 is hereby amended and restated in its entirety as follows:

“The following exhibits are filed as exhibits hereto:

 

Exhibit

  

Description of Exhibit

99.2    Letter Agreement, dated June 2, 2010, by and between ESL Partners, L.P. and Edward S. Lampert (incorporated by reference to Exhibit 99.2 to the Schedule 13D relating to the Common Stock of the Issuer filed on September 12, 2012 by the Reporting Persons with the Securities and Exchange Commission)
99.3    Joint Filing Agreement (incorporated by reference to Exhibit 99.3 to Amendment No. 1 to the Schedule 13D relating to the Common Stock of the Issuer filed on September 28, 2012 by the Reporting Persons with the Securities and Exchange Commission)”


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: July 31, 2014

    ESL PARTNERS, L.P.
    By: RBS Partners, L.P., as its general partner
    By: ESL Investments, Inc., as its general partner
    By:   /s/ Edward S. Lampert
    Name:   Edward S. Lampert
    Title:   Chief Executive Officer
    SPE I PARTNERS, LP
    By: RBS Partners, L.P., as its general partner
    By: ESL Investments, Inc., as its general partner
    By:   /s/ Edward S. Lampert
    Name:   Edward S. Lampert
    Title:   Chief Executive Officer
    SPE MASTER I, LP
    By: RBS Partners, L.P., as its general partner
    By: ESL Investments, Inc., as its general partner
    By:   /s/ Edward S. Lampert
    Name:   Edward S. Lampert
    Title:   Chief Executive Officer
    RBS PARTNERS, L.P.
    By: ESL Investments, Inc., as its general partner
    By:   /s/ Edward S. Lampert
    Name:   Edward S. Lampert
    Title:   Chief Executive Officer
    ESL INSTITUTIONAL PARTNERS, L.P.
    By: RBS Investment Management, L.L.C., as its general
            partner
    By: ESL Investments, Inc., as its manager
    By:   /s/ Edward S. Lampert
    Name:   Edward S. Lampert
    Title:   Chief Executive Officer


RBS INVESTMENT MANAGEMENT, L.L.C.
By: ESL Investments, Inc., as its manager
By:   /s/ Edward S. Lampert
Name:   Edward S. Lampert
Title:   Chief Executive Officer
CRK PARTNERS, LLC
By: ESL Investments, Inc., as its sole member
By:   /s/ Edward S. Lampert
Name:   Edward S. Lampert
Title:   Chief Executive Officer
ESL INVESTMENTS, INC.
By:   /s/ Edward S. Lampert
Name:   Edward S. Lampert
Title:   Chief Executive Officer
EDWARD S. LAMPERT
By:   /s/ Edward S. Lampert


EXHIBIT INDEX

 

Exhibit

  

Description of Exhibit

99.2    Letter Agreement, dated June 2, 2010, by and between ESL Partners, L.P. and Edward S. Lampert (incorporated by reference to Exhibit 99.2 to the Schedule 13D relating to the Common Stock of the Issuer filed on September 12, 2012 by the Reporting Persons with the Securities and Exchange Commission)
99.3    Joint Filing Agreement (incorporated by reference to Exhibit 99.3 to Amendment No. 1 to the Schedule 13D relating to the Common Stock of the Issuer filed on September 28, 2012 by the Reporting Persons with the Securities and Exchange Commission)


ANNEX A

The names, business addresses, present principal occupations, and citizenship of the directors and executive officers of ESL Investments, Inc. are set forth below. If no address is given, the director’s or executive officer’s principal business address is 1170 Kane Concourse, Suite 200, Bay Harbor, Florida 33154. Unless otherwise indicated, each occupation set forth opposite an individual’s name refers to ESL Investments, Inc.

 

Name and Business Address

  

Principal Occupation

  

Citizenship

Edward S. Lampert

   Director, Chairman and Chief Executive Officer; Chairman and Chief Executive Officer of Sears Holdings Corporation    United States

G. Mike Mikan

   President and Chief Compliance Officer    United States

Harold Talisman

   Chief Financial Officer    United States


ANNEX B

RECENT TRANSACTIONS BY THE REPORTING PERSONS IN THE SECURITIES OF SEARS

HOMETOWN AND OUTLET STORES, INC.

 

Entity

   Date of
Transaction
    

Description

of Transaction

   Shares
Acquired
     Shares
Disposed
     Price
Per Share
 

Edward S. Lampert

     06/06/2014       Open Market Purchase      37,720          $ 19.9667   

SPE I Master, LP

     07/31/2014       Pro Rata Distribution to Partners         388,831       $ 0   

SPE I Partners, LP

     07/31/2014       Pro Rata Distribution to Partners         442,928       $ 0   

RBS Partners, L.P.

     07/31/2014       Acquisition from SPE Master I, LP and SPE I Partners, LP as a result of a Pro Rata Distribution      136,323          $ 0   

RBS Partners, L.P.

     07/31/2014       Pro Rata Distribution         136,323       $ 0   

Edward S. Lampert

     07/31/2014       Acquisition from RBS Partners, L.P. as result of a Pro Rata Distribution      136,323          $ 0