0001193125-11-268835.txt : 20111012 0001193125-11-268835.hdr.sgml : 20111012 20111012060724 ACCESSION NUMBER: 0001193125-11-268835 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20111012 DATE AS OF CHANGE: 20111012 GROUP MEMBERS: GEI CAPITAL V, LLC GROUP MEMBERS: GREEN EQUITY INVESTORS SIDE V, L.P. GROUP MEMBERS: GREEN V HOLDINGS, LLC GROUP MEMBERS: LEONARD GREEN & PARTNERS, L.P. GROUP MEMBERS: LGP MANAGEMENT, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: 99 CENTS ONLY STORES CENTRAL INDEX KEY: 0001011290 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-VARIETY STORES [5331] IRS NUMBER: 952411605 STATE OF INCORPORATION: CA FISCAL YEAR END: 0329 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-51069 FILM NUMBER: 111136539 BUSINESS ADDRESS: STREET 1: 4000 EAST UNION PACIFIC AVENUE CITY: CITY OF COMMERCE STATE: CA ZIP: 90023 BUSINESS PHONE: 3239808145 MAIL ADDRESS: STREET 1: 4000 EAST UNION PACIFIC AVENUE CITY: CITY OF COMMERCE STATE: CA ZIP: 90023 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Green Equity Investors V, L.P. CENTRAL INDEX KEY: 0001449644 IRS NUMBER: 205864271 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 11111 SANTA MONICA BOULEVARD STREET 2: SUITE 2000 CITY: LOS ANGELES STATE: CA ZIP: 90025 BUSINESS PHONE: 310-954-0444 MAIL ADDRESS: STREET 1: 11111 SANTA MONICA BOULEVARD STREET 2: SUITE 2000 CITY: LOS ANGELES STATE: CA ZIP: 90025 SC 13D/A 1 d242707dsc13da.htm SCHEDULE 13D AMENDMENT NO. 2 Schedule 13D Amendment No. 2

 

 

 

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13D

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)*

 

 

 

    99¢ ONLY STORES    

(Name of Issuer)

 

 

 

    Common Stock, no par value

(Title and Class of Securities)

 

    65440K106    

(CUSIP Number)

 

    Jennifer Bellah Maguire    

    Gibson, Dunn & Crutcher LLP    

    333 South Grand Avenue    

    Los Angeles, California 90071-3197    

    (213) 229-7986    

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

 

    October 11, 2011    

(Date of Event Which Requires Filing of Statement on Schedule 13D)

 

 

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), checking the following box.  ¨

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. 65440K106    Schedule 13D    Page  2  of 10 Pages

 

 

 

  (1)   

Name of Reporting Persons:

I.R.S. Identification No. of Above Persons (entities only):

 

Green Equity Investors V, 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):

 

  (5)  

Check Box 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

 

    3,372,054 shares of Common Stock

     (9)   

Sole Dispositive Power

 

    0

   (10)   

Shared Dispositive Power

 

    3,372,054 shares of Common Stock

(11)

  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    3,372,054 shares of Common Stock

(12)

  

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

 

(13)

  

Percent of Class Represented by Amount in Row (11):

 

4.8% beneficial ownership of the voting stock based on 70,540,357 shares of Common Stock outstanding as reported on the Issuer’s 10-Q filed on August 9, 2011

(14)

  

Type of Reporting Person (See Instructions):

 

    PN

 

CUSIP No. 65440K106    Schedule 13D    Page  3  of 10 Pages

 

 

 

  (1)   

Name of Reporting Persons:

I.R.S. Identification No. of Above Persons (entities only):

 

Green Equity Investors Side V, 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):

 

  (5)  

Check Box 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

 

    3,372,054 shares of Common Stock

     (9)   

Sole Dispositive Power

 

    0

   (10)   

Shared Dispositive Power

 

    3,372,054 shares of Common Stock

(11)

  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    3,372,054 shares of Common Stock

(12)

  

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

 

            

(13)

  

Percent of Class Represented by Amount in Row (11):

 

4.8% beneficial ownership of the voting stock based on 70,540,357 shares of Common Stock outstanding as reported on the Issuer’s 10-Q filed on August 9, 2011

(14)

  

Type of Reporting Person (See Instructions):

 

    PN

 

CUSIP No. 65440K106    Schedule 13D    Page  4  of 10 Pages

 

 

 

  (1)   

Name of Reporting Persons:

I.R.S. Identification No. of Above Persons (entities only):

 

GEI Capital V, LLC

  (2)  

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

(a)  ¨        (b)  ¨

 

  (3)  

SEC Use Only:

 

  (4)  

Source of Funds (See Instructions):

 

  (5)  

Check Box 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

 

    3,372,054 shares of Common Stock

     (9)   

Sole Dispositive Power

 

    0

   (10)   

Shared Dispositive Power

 

    3,372,054 shares of Common Stock

(11)

  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    3,372,054 shares of Common Stock

(12)

  

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

 

(13)

  

Percent of Class Represented by Amount in Row (11):

 

4.8% beneficial ownership of the voting stock based on 70,540,357 shares of Common Stock outstanding as reported on the Issuer’s 10-Q filed on August 9, 2011

(14)

  

Type of Reporting Person (See Instructions):

 

    OO (Limited Liability Company)

CUSIP No. 65440K106    Schedule 13D    Page  5  of 10 Pages

 

 

 

  (1)   

Name of Reporting Persons:

I.R.S. Identification No. of Above Persons (entities only):

 

Green V Holdings, LLC

  (2)  

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

(a)  ¨        (b)  ¨

 

  (3)  

SEC Use Only:

 

  (4)  

Source of Funds (See Instructions):

 

  (5)  

Check Box 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

 

    3,372,054 shares of Common Stock

     (9)   

Sole Dispositive Power

 

    0

   (10)   

Shared Dispositive Power

 

    3,372,054 shares of Common Stock

(11)

  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    3,372,054 shares of Common Stock

(12)

  

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

 

                

(13)

  

Percent of Class Represented by Amount in Row (11):

 

4.8% beneficial ownership of the voting stock based on 70,540,357 shares of Common Stock outstanding as reported on the Issuer’s 10-Q filed on August 9, 2011

(14)

  

Type of Reporting Person (See Instructions):

 

    OO (Limited Liability Company)

CUSIP No. 65440K106    Schedule 13D    Page  6  of 10 Pages

 

 

 

  (1)   

Name of Reporting Persons:

I.R.S. Identification No. of Above Persons (entities only):

 

Leonard Green & Partners, L.P.

  (2)  

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

(a)  ¨        (b)  ¨

 

  (3)  

SEC Use Only:

 

  (4)  

Source of Funds (See Instructions):

 

  (5)  

Check Box 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

 

    3,372,054 shares of Common Stock

     (9)   

Sole Dispositive Power

 

    0

   (10)   

Shared Dispositive Power

 

    3,372,054 shares of Common Stock

(11)

  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    3,372,054 shares of Common Stock

(12)

  

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

 

(13)

  

Percent of Class Represented by Amount in Row (11):

 

4.8% beneficial ownership of the voting stock based on 70,540,357 shares of Common Stock outstanding as reported on the Issuer’s 10-Q filed on August 9, 2011

(14)

  

Type of Reporting Person (See Instructions):

 

    PN

CUSIP No. 65440K106    Schedule 13D    Page  7  of 10 Pages

 

 

 

  (1)   

Name of Reporting Persons:

I.R.S. Identification No. of Above Persons (entities only):

 

LGP Management, Inc.

  (2)  

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

(a)  ¨        (b)  ¨

 

  (3)  

SEC Use Only:

 

  (4)  

Source of Funds (See Instructions):

 

  (5)  

Check Box 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

 

    3,372,054 shares of Common Stock

     (9)   

Sole Dispositive Power

 

    0

   (10)   

Shared Dispositive Power

 

    3,372,054 shares of Common Stock

(11)

  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    3,372,054 shares of Common Stock

(12)

  

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

 

(13)

  

Percent of Class Represented by Amount in Row (11):

 

4.8% beneficial ownership of the voting stock based on 70,540,357 shares of Common Stock outstanding as reported on the Issuer’s 10-Q filed on August 9, 2011

(14)

  

Type of Reporting Person (See Instructions):

 

    CO

CUSIP No. 65440K106    Schedule 13D    Page  8  of 10 Pages

 

 

 

ITEM 1. SECURITY AND ISSUER

This Amendment No. 2 to Schedule 13D (this “Amendment”) relates to shares (the “Shares”) of Common Stock, no par value per share (the “Common Stock”), of 99¢ Only Stores, a California corporation (the “Issuer”).

The address of the Issuer’s principal executive offices is 4000 Union Pacific Avenue, City of Commerce, California 90023.

 

ITEM 4. PURPOSE OF TRANSACTION

The disclosure provided in Item 4 of the Schedule 13D amended hereby is replaced in its entirety by the following disclosure:

On October 11, 2011, the Issuer announced that it had entered into a definitive agreement to be acquired by an investor group with the support of the Schiffer/Gold Family. Consequently, the Reporting Persons can no longer be deemed to be part of a “group” with the Schiffer/Gold Family within the meaning of Section 13(d)(3) of the Act. The Reporting Persons’ obligation to file a Schedule 13D arose only as a result of the potential existence of such a “group,” and they therefore no longer have any obligation to file further amendments to the Schedule 13D amended hereby. Accordingly, this Amendment constitutes the final amendment to the Reporting Persons’ Schedule 13D amended hereby, and an exit filing for the Reporting Persons.

Except as disclosed in this Item 4, none of the Reporting Persons has any current plans or proposals which relate to or would result in any of the events described in clauses (a) through (j) of the instructions to Item 4 of Schedule 13D. The Reporting Persons, however, will take such actions with respect to the Reporting Persons’ investments in the Issuer as deemed appropriate in light of existing circumstances from time to time and reserve the right to dispose of securities of the Issuer, to enter into hedging relationships with respect to such securities, or to formulate other purposes, plans or proposals in the future depending on market conditions and/or other factors.

 

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER

The disclosure provided in Item 5 of the Schedule 13D amended hereby is replaced in its entirety by the following disclosure:

 

(a)—(d)    Not applicable.
(e)    The Reporting Persons ceased to be the beneficial owners of more than five percent of the Common Stock on October 11, 2011.

CUSIP No. 65440K106    Schedule 13D    Page  9  of 10 Pages

 

 

 

ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER

The disclosure provided in Item 6 of the Schedule 13D amended hereby is updated to include the following additional disclosure:

The information set forth in Item 4 of this Amendment is hereby incorporated by reference in this Item 6. Other than the matters disclosed above in response to Item 4, and this Item 6, none of the Reporting Persons is party to any contracts, arrangements, understandings or relationships with respect to any securities of the Issuer, including but not limited to the transfer or voting of any of the securities, finder’s fees, joint ventures, loan or option agreements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies.

CUSIP No. 65440K106    Schedule 13D    Page  10  of 10 Pages

 

 

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, each of the undersigned certifies that the information set forth in this Schedule is true, complete and correct.

Dated as of October 12, 2011

 

Green Equity Investors V, L.P.
By: GEI Capital V, LLC, its General Partner
By:  

/S/ MICHAEL GENNARO

Name:   Michael Gennaro
Title:   Chief Operating Officer and Secretary
Green Equity Investors Side V, L.P.
By: GEI Capital V, LLC, its General Partner
By:  

/S/ MICHAEL GENNARO

Name:   Michael Gennaro
Title:   Chief Operating Officer and Secretary
GEI Capital V, LLC
By:  

/S/ MICHAEL GENNARO

Name:   Michael Gennaro
Title:   Chief Operating Officer and Secretary
Green V Holdings, LLC
By:  

/S/ MICHAEL GENNARO

Name:   Michael Gennaro
Title:   Chief Operating Officer and Secretary
Leonard Green & Partners, L.P.
By: LGP Management, Inc., its General Partner
By:  

/S/ MICHAEL GENNARO

Name:   Michael Gennaro
Title:   Chief Operating Officer and Secretary
LGP Management, Inc.
By:  

/S/ MICHAEL GENNARO

Name:   Michael Gennaro
Title:   Chief Operating Officer and Secretary