SC TO-I 1 d550803dsctoi.htm SCHEDULE TO Schedule TO

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE TO

TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1) OF THE SECURITIES EXCHANGE ACT OF 1934

 

 

SMITH & WESSON HOLDING CORPORATION

(Name of Subject Company (Issuer))

 

 

SMITH & WESSON HOLDING CORPORATION

(Name of Filing Persons (Issuer and Offeror))

 

 

Common Stock, par value $0.001 per share

(Title of Class of Securities)

831756 10 1

(CUSIP Number of Class of Securities)

 

 

Robert J. Cicero

Vice President, General Counsel, Chief Compliance Officer, and Secretary

Smith & Wesson Holding Corporation

2100 Roosevelt Avenue

Springfield, Massachusetts 01104

(800) 331-0852

(Name, address, and telephone numbers of person authorized to receive notices and communications on behalf of filing persons)

 

 

With a copy to:

Robert S. Kant, Esq.

Greenberg Traurig, LLP

2375 E. Camelback Road, Suite 700

Phoenix, Arizona 85016

Tel: (602) 445-8000

Fax: (602) 445-8100

 

 

CALCULATION OF FILING FEE

 

Transaction Valuation*   Amount of Filing Fee
      $75,000,000   $10,230
 
* Estimated for purposes of calculating the amount of the filing fee only. This amount assumes the purchase of 7,500,000 shares of common stock, par value $0.001 per share, at the tender offer price of $10.00 per share.

 

¨ Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

 

Amount Previously Paid:         Filing Party:      
Form or Registration No.:          Date Filed:     

 

¨ Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which the statement relates:

 

  ¨ third-party tender offer subject to Rule 14d-1.
  x issuer tender offer subject to Rule 13e-4.
  ¨ going-private transaction subject to Rule 13e-3.
  ¨ amendment to Schedule 13D under Rule 13d-2.

Check the following box if the filing is a final amendment reporting the results of the tender offer:  ¨

If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:

 

  ¨ Rule 13e-4(i) (Cross-Border Issuer Tender Offer)
  ¨ Rule 14d-1(d) (Cross-Border Third-Party Tender Offer)

 

 

 


This Tender Offer Statement on Schedule TO (this “Schedule TO”) relates to the offer by Smith & Wesson Holding Corporation, a Nevada corporation (“S&W”), to purchase up to 7,500,000 shares of its common stock, $0.001 par value per share, together with the associated rights to purchase Series A Junior Participating Preferred Stock of S&W, par value $0.001 per share, issued pursuant to the Rights Agreement, dated August 25, 2005, between S&W and Interwest Transfer Company, Inc., as Rights Agent, at a price of $10.00 per Share, net to the seller in cash, without interest, upon the terms and subject to the conditions described in the Offer to Purchase, dated June 17, 2013 (the “Offer to Purchase”) and in the related Letter of Transmittal.

This Schedule TO is intended to satisfy the reporting requirements of Rule 13e-4(c)(2) promulgated under the Securities Exchange Act of 1934, as amended.

The information contained in the Offer to Purchase and the related Letter of Transmittal, copies of which are filed with this Schedule TO as Exhibits (a)(1)(i) and (a)(1)(ii), respectively, is incorporated in this Schedule TO by reference, in answer to all of the items on this Schedule TO, as more particularly described below.

 

Item 1. Summary Term Sheet.

The information set forth under the heading “Summary Term Sheet” in the Offer to Purchase is incorporated herein by reference.

 

Item 2. Subject Company Information.

(a) The name of the issuer is Smith & Wesson Holding Corporation, a Nevada corporation (the “Company”), and the address of its principal executive office is 2100 Roosevelt Avenue, Springfield, Massachusetts 01104. The Company’s telephone number is (800) 331-0852.

(b) The information set forth under the heading “Introduction” in the Offer to Purchase is incorporated herein by reference.

(c) The information set forth in Section 8 of the Offer to Purchase is incorporated herein by reference.

 

Item 3. Identity and Background of Filing Person.

(a) The Company is the filing person. The Company’s address and telephone number are set forth in Item 2 above. The information set forth in Section 11 of the Offer to Purchase is incorporated herein by reference.

 

Item 4. Terms of the Transaction.

(a) The following sections of the Offer to Purchase contain a description of the material terms of the transaction and are incorporated herein by reference:

 

   

“Summary Term Sheet”;

 

   

“Introduction”;

 

   

Section 1;

 

   

Section 2;

 

   

Section 3;

 

   

Section 4;

 

   

Section 5;

 

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Section 6;

 

   

Section 7;

 

   

Section 9;

 

   

Section 14; and

 

   

Section 15.

(b) The information set forth under the heading “Introduction” and in Section 11 of the Offer to Purchase is incorporated herein by reference.

 

Item 5. Past Contacts, Transactions, Negotiations and Agreements.

(e) The information set forth in Section 11 of the Offer to Purchase is incorporated herein by reference.

 

Item 6. Purposes of the Transaction and Plans or Proposals.

(a), (b), and (c) The information set forth under the heading “Summary Term Sheet” and in Section 2 of the Offer to Purchase is incorporated herein by reference.

 

Item 7. Source and Amount of Funds or Other Consideration.

(a) The information set forth in Section 9 of the Offer to Purchase is incorporated herein by reference.

(b) and (d) Not applicable.

 

Item 8. Interest in Securities of the Subject Company.

(a) and (b) The information set forth in Section 11 of the Offer to Purchase is incorporated herein by reference.

 

Item 9. Persons/Assets, Retained, Employed, Compensated or Used.

(a) The information set forth under the heading “Summary Term Sheet” and in Section 16 of the Offer to Purchase is incorporated herein by reference.

 

Item 10. Financial Statements.

(a) and (b) Not applicable.

 

Item 11. Additional Information.

(a) The information set forth in Section 11 and Section 13 of the Offer to Purchase is incorporated herein by reference.

(c) The information set forth in the Offer to Purchase and the Letter of Transmittal, as each may be amended or supplemented from time to time, is incorporated herein by reference.

 

Item 12. Exhibits.

 

Exhibit No.

 

Exhibit Name

(a)(1)(i)*   Offer to Purchase, dated June 17, 2013
(a)(1)(ii)*   Letter of Transmittal
(a)(1)(iii)*   Notice of Guaranteed Delivery
(a)(1)(iv)*   Letter to Brokers, Dealers, Commercial Banks, Trust Companies, and Other Nominees, dated June 17, 2013

 

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Exhibit No.

 

Exhibit Name

(a)(1)(v)*   Letter to Clients for use by Brokers, Dealers, Commercial Banks, Trust Companies, and Other Nominees, dated June 17, 2013
(a)(1)(vi)*   Summary Advertisement
(a)(2)-(a)(4)   Not applicable.
(a)(5)(A)   Press Release dated June 13, 2013 (1)
(b)   Not applicable.
(d)(i)   Form of Indemnity Agreement entered into with the following directors and executive officers: As of June 29, 2009 with Barry M. Monheit, Michael F. Golden, Robert L. Scott, John B. Furman, Mitch A. Saltz, I. Marie Wadecki, and Jeffrey D. Buchanan; as of November 2009 with P. James Debney; as of July 2011 with Robert H. Brust; as of December 14, 2011 with Mario Pasantes and Mark P. Smith; and as of April 24, 2012 with Michael J. Brown and Robert J. Cicero (2)
(d)(ii)   Amended and Restated Employment Agreement, executed December 8, 2011 as of September 26, 2011, between P. James Debney and Smith & Wesson Holding Corporation (3)
(d)(iii)   Severance and Change in Control Agreement, effective as of January 3, 2011, by and between Smith & Wesson Holding Corporation and Jeffrey D. Buchanan (4)
(d)(iv)   Letter of Amendment, dated September 9, 2011, between Jeffrey D. Buchanan and Smith & Wesson Holding Corporation (3)
(d)(v)   Separation Agreement and Release, dated September 26, 2011, between Michael F. Golden and Smith & Wesson Holding Corporation (5)
(d)(vi)   2001 Stock Option Plan (6)
(d)(vii)   Form of Option to 2001 Stock Option Plan (7)
(d)(viii)   Amended and Restated 2004 Incentive Stock Plan (5)
(d)(ix)   Form of Restricted Stock Unit Award Agreement to the 2004 Incentive Stock Plan (8)
(d)(x)   Form of Non-Qualified Stock Option Award Grant Notice and Agreement to the 2004 Incentive Stock Plan (3)
(d)(xi)   Form of Restricted Stock Unit Award Grant Notice and Agreement to the 2004 Incentive Stock Plan (3)
(d)(xii)   Form of Performance-Based Restricted Stock Unit Award Grant Notice and Agreement to the 2004 Incentive Stock Plan (9)
(d)(xiii)   Form of Time-Based Restricted Stock Unit Award Grant Notice and Agreement to the 2004 Incentive Stock Plan (9)
(d)(xiv)   Non-Qualified Stock Option Agreement issued on December 6, 2004 between the Registrant and Michael F. Golden (6)
(d)(xv)   2011 Employee Stock Purchase Plan (5)
(d)(xvi)   Rights Agreement, dated as of August 25, 2005, by and between the Registrant and Interwest Transfer Company, Inc., as Rights Agent (10)
(d)(xvii)   Indenture, dated as of June 17, 2013, among Smith & Wesson Holding Corporation and The Bank of New York Mellon Trust Company, N.A., as Trustee (11)
(d)(xviii)   Form of Exchange and Purchase Agreement by and among Smith & Wesson Holding Corporation and the investors party thereto (11)
(g)   Not applicable.
(h)   Not applicable.

 

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* Filed herewith.
(1) Incorporated by reference to the Registrant’s Schedule TO filed with the SEC on June 13, 2013.
(2) Incorporated by reference to the Registrant’s Form 10-K filed with the SEC on June 30, 2009.
(3) Incorporated by reference to the Registrant’s Form 10-Q filed with the SEC on December 8, 2011.
(4) Incorporated by reference to the Registrant’s Form 8-K filed with the SEC on December 21, 2010.
(5) Incorporated by reference to the Registrant’s Form 8-K filed with the SEC on September 28, 2011.
(6) Incorporated by reference to the Registrant’s Form S-8 (No. 333-128804) filed with the SEC on October 4, 2005.
(7) Incorporated by reference to the Registrant’s Proxy Statement on Schedule 14A filed with the SEC on December 28, 2001.
(8) Incorporated by reference to the Registrant’s Form 8-K filed with the SEC on May 19, 2006.
(9) Incorporated by reference to the Registrant’s Form 10-K filed with the SEC on June 28, 2012.
(10) Incorporated by reference to the Registrant’s Form 8-A filed with the SEC on August 25, 2005.
(11) Incorporated by reference to the Registrant’s Form 8-K/A filed with the SEC on June 17, 2013.

 

Item 13. Information Required by Schedule 13E-3.

Not applicable.

 

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SIGNATURE

After due 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.

 

SMITH & WESSON HOLDING CORPORATION
By:  

/s/ P. James Debney

Name: P. James Debney

Title: President and Chief Executive Officer

Date: June 17, 2013

 

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EXHIBIT INDEX

 

Exhibit No.

 

Exhibit Name

(a)(1)(i)*   Offer to Purchase, dated June 17, 2013
(a)(1)(ii)*   Letter of Transmittal
(a)(1)(iii)*   Notice of Guaranteed Delivery
(a)(1)(iv)*   Letter to Brokers, Dealers, Commercial Banks, Trust Companies, and Other Nominees, dated June 17, 2013
(a)(1)(v)*   Letter to Clients for use by Brokers, Dealers, Commercial Banks, Trust Companies, and Other Nominees, dated June 17, 2013
(a)(1)(vi)*   Summary Advertisement
(a)(2)-(a)(4)   Not applicable.
(a)(5)(A)   Press Release dated June 13, 2013 (1)
(b)   Not applicable.
(d)(i)   Form of Indemnity Agreement entered into with the following directors and executive officers: As of June 29, 2009 with Barry M. Monheit, Michael F. Golden, Robert L. Scott, John B. Furman, Mitch A. Saltz, I. Marie Wadecki, and Jeffrey D. Buchanan; as of November 2009 with P. James Debney; as of July 2011 with Robert H. Brust; as of December 14, 2011 with Mario Pasantes and Mark P. Smith; and as of April 24, 2012 with Michael J. Brown and Robert J. Cicero (2)
(d)(ii)   Amended and Restated Employment Agreement, executed December 8, 2011 as of September 26, 2011, between P. James Debney and Smith & Wesson Holding Corporation (3)
(d)(iii)   Severance and Change in Control Agreement, effective as of January 3, 2011, by and between Smith & Wesson Holding Corporation and Jeffrey D. Buchanan (4)
(d)(iv)   Letter of Amendment, dated September 9, 2011, between Jeffrey D. Buchanan and Smith & Wesson Holding Corporation (3)
(d)(v)   Separation Agreement and Release, dated September 26, 2011, between Michael F. Golden and Smith & Wesson Holding Corporation (5)
(d)(vi)   2001 Stock Option Plan (6)
(d)(vii)   Form of Option to 2001 Stock Option Plan (7)
(d)(viii)   Amended and Restated 2004 Incentive Stock Plan (5)
(d)(ix)   Form of Restricted Stock Unit Award Agreement to the 2004 Incentive Stock Plan (8)
(d)(x)   Form of Non-Qualified Stock Option Award Grant Notice and Agreement to the 2004 Incentive Stock Plan (3)
(d)(xi)   Form of Restricted Stock Unit Award Grant Notice and Agreement to the 2004 Incentive Stock Plan (3)
(d)(xii)   Form of Performance-Based Restricted Stock Unit Award Grant Notice and Agreement to the 2004 Incentive Stock Plan (9)
(d)(xiii)   Form of Time-Based Restricted Stock Unit Award Grant Notice and Agreement to the 2004 Incentive Stock Plan (9)
(d)(xiv)   Non-Qualified Stock Option Agreement issued on December 6, 2004 between the Registrant and Michael F. Golden (6)

 

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Exhibit No.

 

Exhibit Name

(d)(xv)   2011 Employee Stock Purchase Plan (5)
(d)(xvi)   Rights Agreement, dated as of August 25, 2005, by and between the Registrant and Interwest Transfer Company, Inc., as Rights Agent (10)
(d)(xvii)   Indenture dated as of June 17, 2013, among Smith & Wesson Holding Corporation and The Bank of New York Mellon Trust Company, N.A., as Trustee (11)
(d)(xviii)   Form of Exchange and Purchase Agreement by and among Smith & Wesson Holding Corporation and the investors party thereto (11)
(g)   Not applicable.
(h)   Not applicable.

 

* Filed herewith.
(1) Incorporated by reference to the Registrant’s Schedule TO filed with the SEC on June 13, 2013.
(2) Incorporated by reference to the Registrant’s Form 10-K filed with the SEC on June 30, 2009.
(3) Incorporated by reference to the Registrant’s Form 10-Q filed with the SEC on December 8, 2011.
(4) Incorporated by reference to the Registrant’s Form 8-K filed with the SEC on December 21, 2010.
(5) Incorporated by reference to the Registrant’s Form 8-K filed with the SEC on September 28, 2011.
(6) Incorporated by reference to the Registrant’s Form S-8 (No. 333-128804) filed with the SEC on October 4, 2005.
(7) Incorporated by reference to the Registrant’s Proxy Statement on Schedule 14A filed with the SEC on December 28, 2001.
(8) Incorporated by reference to the Registrant’s Form 8-K filed with the SEC on May 19, 2006.
(9) Incorporated by reference to the Registrant’s Form 10-K filed with the SEC on June 28, 2012.
(10) Incorporated by reference to the Registrant’s Form 8-A filed with the SEC on August 25, 2005.
(11) Incorporated by reference to the Registrant’s Form 8-K/A filed with the SEC on June 17, 2013.

 

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