-----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, Dnw4Js4DUSewngvUKF/rGxkvs0gGkwolPgfc4rTG0//+uPCLK9ATpn/GoLzER2+2 q+ru3FCcr/2c6NyJCWoPrQ== 0000905148-04-005029.txt : 20041129 0000905148-04-005029.hdr.sgml : 20041129 20041129141255 ACCESSION NUMBER: 0000905148-04-005029 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20041129 DATE AS OF CHANGE: 20041129 GROUP MEMBERS: GLENVIEW CAPITAL GP, LLC GROUP MEMBERS: GLENVIEW CAPITAL MANAGEMENT, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INTERSTATE BAKERIES CORP/DE/ CENTRAL INDEX KEY: 0000829499 STANDARD INDUSTRIAL CLASSIFICATION: BAKERY PRODUCTS [2050] IRS NUMBER: 431470322 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-40003 FILM NUMBER: 041170927 BUSINESS ADDRESS: STREET 1: 12 E ARMOUR BLVD CITY: KANSAS CITY STATE: MO ZIP: 64111 BUSINESS PHONE: 8165024000 MAIL ADDRESS: STREET 1: 12 E ARMOUR BLVD CITY: KANSAS CITY STATE: MO ZIP: 64111 FORMER COMPANY: FORMER CONFORMED NAME: IBC HOLDINGS CORP DATE OF NAME CHANGE: 19910612 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GLENVIEW CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001138995 IRS NUMBER: 134136746 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 399 PARK AVENUE STREET 2: FLOOR 39 CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2128124700 MAIL ADDRESS: STREET 1: 399 PARK AVENUE STREET 2: FLOOR 39 CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G 1 efc4-2093_560541713g.txt UNITED STATES SECURITIES EXCHANGE COMMISSION Washington, D.C. 20549 - ------------------------------------------------------------------------------ SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. ) INTERSTATE BAKERIES CORPORATION ------------------------------- (Name of Issuer) Common Stock, $0.01 par value per share --------------------------------------- (Title of Class of Securities) 46072H108 --------- (CUSIP Number) November 19, 2004 ----------------- (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). Continued on following pages Page 1 of 9 Pages Exhibit Index: Page 8 SCHEDULE 13G CUSIP No.: 46072H108 Page 2 of 9 Pages ................................................................................ 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). GLENVIEW CAPITAL MANAGEMENT, LLC ................................................................................ 2. Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] ................................................................................ 3. SEC Use Only ................................................................................ 4. Citizenship or Place of Organization DELAWARE ................................................................................ Number of 5. Sole Voting Power None Shares ................................................................. Beneficially 6. Shared Voting Power 3,585,300 Owned by ................................................................. Each 7. Sole Dispositive Power None Reporting ................................................................. Person With 8. Shared Dispositive Power 3,585,300 ................................................................................ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 3,585,300 ................................................................................ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] ................................................................................ 11. Percent of Class Represented by Amount in Row (9) 7.9% based on 45,383,839 shares outstanding as of April 6, 2004. ................................................................................ 12. Type of Reporting Person: OO SCHEDULE 13G CUSIP No.: 46072H108 Page 3 of 9 Pages ................................................................................ 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). GLENVIEW CAPITAL GP, LLC ................................................................................ 2. Check the Appropriate Box if a Member of a Group (a) [ ] (b) [X] ................................................................................ 3. SEC Use Only ................................................................................ 4. Citizenship or Place of Organization DELAWARE ................................................................................ Number of 5. Sole Voting Power None Shares ................................................................. Beneficially 6. Shared Voting Power 3,585,300 Owned by ................................................................. Each 7. Sole Dispositive Power None Reporting ................................................................. Person With 8. Shared Dispositive Power 3,585,300 ................................................................................ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 3,585,300 ................................................................................ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] ................................................................................ 11. Percent of Class Represented by Amount in Row (9) 7.9% based on 45,383,839 shares outstanding as of April 6, 2004. ................................................................................ 12. Type of Reporting Person: OO Page 4 of 9 Pages Item 1(a). Name of Issuer: Interstate Bakeries Corporation (the "Issuer) Item 1(b). Address of Issuer's Principal Executive Offices: 12 East Armour Boulevard, Kansas City, Missouri 64111 Item 2(a). Name of Person Filing This Statement is filed on behalf of each of the following persons (collectively, the "Reporting Persons"): i) Glenview Capital Management, LLC ("Glenview Capital Management"); and ii) Glenview Capital GP, LLC ("Glenview Capital GP"); This Statement relates to Shares (as defined herein) held for the accounts of Glenview Capital Partners, L.P., a Delaware limited partnership ("Glenview Capital Partners"), Glenview Institutional Partners, L.P., a Delaware limited partnership ("Glenview Institutional Partners"), Glenview Capital Master Fund, Ltd., a Cayman Islands exempted company ("Glenview Capital Master Fund"), and GCM Little Arbor Master Fund, Ltd., a Cayman Islands exempted company ("GCM Little Arbor Fund"). Glenview Capital Management serves as investment manager to each of Glenview Capital Partners, Glenview Institutional Partners, Glenview Capital Master Fund, and GCM Little Arbor Fund. In such capacity, Glenview Capital Management may be deemed to have voting and dispositive power over the Shares held for the accounts of each of Glenview Capital Partners, Glenview Institutional Partners, Glenview Capital Master Fund and GCM Little Arbor Fund. Glenview Capital GP is the general partner of Glenview Capital Partners and Glenview Institutional Partners. Glenview Capital GP also serves as the sponsor of the Glenview Capital Master Fund and the GCM Little Arbor Fund. In such capacities, Glenview Capital GP may be deemed to have voting and dispositive power over the Shares held for the accounts of Glenview Capital Partners, Glenview Institutional Partners, Glenview Capital Master Fund and GCM Little Arbor Fund. Item 2(b). Address of Principal Business Office or, if None, Residence The address of the principal business office of each of Glenview Capital Management and Glenview Capital GP is 399 Park Avenue, Floor 39, New York, New York 10022. Item 2(c). Citizenship i) Glenview Capital Management is a Delaware limited liability company; and ii) Glenview Capital GP is a Delaware limited liability company. Item 2(d). Title of Class of Securities: Common Stock, $0.01 par value per share (the "Shares") Item 2(e). CUSIP Number: 46072H108 Page 5 of 9 Pages Item 3. If This Statement is Filed Pursuant to ss.ss.240.13d-1(b) or 240.13d-2(b) or (c), Check Whether the Person Filing is a: This Item 3 is not applicable. Item 4. Ownership: Item 4(a) Amount Beneficially Owned: As of November 29, 2004, each of the Reporting Persons may be deemed to be the beneficial owner of 3,585,300 Shares. This amount consists of: (A) 310,100 Shares held for the account of Glenview Capital Partners; (B) 2,205,800 Shares held for the account of Glenview Capital Master Fund; (C) 1,003,700 Shares held for the account of Glenview Institutional Partners; and (D) 65,700 Shares held for the account of the GCM Little Arbor Fund. Item 4(b) Percent of Class: The number of Shares of which each of the Reporting Persons may be deemed to be the beneficial owner constitutes approximately 7.9% of the total number of Shares outstanding (based upon information provided by the Issuer in its most recently-filed quarterly report on Form 10-Q, there were 45,383,839 Shares outstanding as of April 6, 2004). Item 4(c) Number of Shares of which such person has: Glenview Capital Management and Glenview Capital GP: ---------------------------------------------------- (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 3,585,300 (iii) Sole power to dispose or direct the disposition of: 0 (iv) Shared power to dispose or direct the disposition of: 3,585,300 Item 5. Ownership of Five Percent or Less of a Class: This Item 5 is not applicable Item 6. Ownership of More than Five Percent on Behalf of Another Person: This Item 6 is not applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company: This Item 7 is not applicable. Item 8. Identification and Classification of Members of the Group: See Exhibit A herein. Page 6 of 9 Pages Item 9. Notice of Dissolution of Group: This Item 9 is not applicable. Item 10. Certification: By signing below each of the Reporting Persons certifies that, to the best of their 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. Page 7 of 9 Pages 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: November 29, 2004 GLENVIEW CAPITAL MANAGEMENT, LLC By: /s/ Lawrence M. Robbins --------------------------- Name: Lawrence M. Robbins Title: Chief Executive Officer Date: November 29, 2004 GLENVIEW CAPITAL GP, LLC By: /s/ Lawrence M. Robbins --------------------------- Name: Lawrence M. Robbins Title: Chief Executive Officer Pages 8 of 9 Pages Exhibit Index Ex. Page No. - --- -------- A. Joint Filing Agreement, dated November 29, 2004 by and among Glenview Capital Management, LLC and Glenview Capital GP, LLC......................................... 9 Pages 9 of 9 Pages EXHIBIT A JOINT FILING AGREEMENT The undersigned hereby agree that the statement on Schedule 13G with respect to the Common Stock of Interstate Bakeries Corporation dated as of November 29, 2004 is, and any amendments thereto (including amendments on Schedule 13D) signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended. Date: November 29, 2004 GLENVIEW CAPITAL MANAGEMENT, LLC By: /s/ Lawrence M. Robbins ----------------------------- Name: Lawrence M. Robbins Title: Chief Executive Officer Date: November 29, 2004 GLENVIEW CAPITAL GP, LLC By: /s/ Lawrence M. Robbins ----------------------------- Name: Lawrence M. Robbins Title: Chief Executive Officer -----END PRIVACY-ENHANCED MESSAGE-----