UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 8)*
51job, Inc.
(Name of Issuer) |
Common Shares, par value U.S. $0.0001 per share,
including American Depositary Shares representing Common Shares
(Title of Class of Securities) |
316827104
(CUSIP Number) |
Recruit Holdings Co., Ltd.
GranTokyo SOUTH TOWER
1-9-2 Marunouchi, Chiyoda-ku
Tokyo 100-6640 Japan
Telephone: 81-3-6835-9671
Facsimile: 81-3-6834-8954
Attention: Atsuhiro Yamane
With a copy to:
Morgan, Lewis and Bockius LLP
101 Park Avenue
New York, New York 10178
Telephone: (212) 309-6000
Facsimile: (212) 309-6001
Attention: Bradley K. Edmister
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
April 3, 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. ¨
* | The remainder of this cover page shall be filled out for a reporting persons 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. 316827104 |
1. | Names of Reporting Persons.
Recruit Holdings Co., Ltd. |
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2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) ¨ |
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3. | SEC Use Only
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4. | Source of Funds*
WC |
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5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
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6. | Citizenship or Place of Organization
Japan |
Number of Shares Beneficially Owned by Each Reporting Person With |
7. Sole Voting Power
23,385,231 common shares | |
8. Shared Voting Power
0 | ||
9. Sole Dispositive Power
23,385,231 common shares | ||
10. Shared Dispositive Power
0 |
11. | Aggregate Amount Beneficially Owned by Each Reporting Person
23,385,231 common shares |
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12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares
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13. | Percent of Class Represented by Amount in Row (11)
39.5%(1) |
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14. | Type of Reporting Person
CO |
(1) Based upon 59,183,101 shares outstanding as of February 28, 2014, according to the Companys report on Form 20-F filed with the Securities and Exchange Commission on March 28, 2014
This Amendment No. 8 amends the Schedule 13D filed with the Securities and Exchange Commission on April 21, 2006, as amended. Unless otherwise stated herein, the Schedule 13D remains in full force and effect. Terms used herein and not otherwise defined herein shall have the meaning ascribed thereto in the Schedule 13D.
Item 2. | Identity and Background. |
Item 2(a) is hereby amended and restated as follows:
(a) | This Schedule 13D is being filed by Recruit Holdings Co., Ltd. (f/k/a RECRUIT CO., LTD.), a Japanese corporation (the Reporting Person). Effective on October 1, 2012, the Reporting Person changed its name from RECRUIT CO., LTD. to Recruit Holdings Co., Ltd. |
Schedule 1 referenced in Item 2 is hereby amended and restated as Schedule 1 attached hereto.
Item 6. | Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. |
Item 6 of the Schedule 13D is hereby supplemented as follows:
Lock-Up Letter Agreement
On April 3, 2014, the Reporting Person, Mr. Kazumasa Watanabe (Mr. Watanabe), a corporate executive officer of the Reporting Person, and the other directors and executive officers of the Company, on the one hand, and Credit Suisse Securities (USA) LLC (Credit Suisse) and J.P. Morgan Securities LLC (J.P. Morgan), on the other hand, entered into a Lock-Up Letter Agreement pursuant to which the Reporting Person and Mr. Watanabe agreed, subject to the terms and conditions of the Lock-Up Letter Agreement, not to transfer any common shares or ADSs during a period from the date of such Lock-Up Letter Agreement until 90 days after the date of the final offering memorandum relating to the offering by the Company of US$150,000,000 principal amount of Convertible Senior Notes Due 2019 of the Company. The Lock-Up Letter Agreement is attached as Exhibit 99.4
Item 7. | Material to Be Filed as Exhibits. |
Exhibit No. |
Description of Document | |
Exhibit 99.1 | Stock Purchase Agreement, dated April 5, 2006, by and among the Reporting Person and Sellers (previously filed) | |
Exhibit 99.2 | Assignment Agreement, dated April 18, 2006, among the Reporting Person and Sellers (previously filed) | |
Exhibit 99.3 | Securities Purchase Agreement, dated March 13, 2012, by and between the Reporting Person and Mr. Honda (previously filed) | |
Exhibit 99.4 | Lock-Up Letter Agreement, dated April 3, 2014, by and between the Reporting Person, Mr. Watanabe and the other directors and executive officers of the Company, on the one hand, and Credit Suisse and J. P. Morgan, on the other hand |
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.
Dated: April 7, 2014
Recruit Holdings Co., Ltd. | ||
By: |
/s/ Shogo Ikeuchi | |
Name: |
Shogo Ikeuchi | |
Title: |
Board Director |
Schedule 1
The following table sets forth the name and present principal occupation or employment, for each executive officer and director of Recruit Holdings Co., Ltd. The business address of each such executive officer and director is c/o Recruit Holdings Co., Ltd., GranTokyo SOUTH TOWER, 1-9-2 Marunouchi, Chiyoda-ku, Tokyo 100-6640, Japan. Each of the executive officers and directors of Recruit Holdings Co., Ltd. listed below is a citizen of Japan.
Recruit Holdings Co., Ltd.
Name |
Present Principal Occupation or Employment | |
Board of Directors |
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Masumi Minegishi | President and Representative Director | |
Shogo Ikeuchi | Board Director | |
Shigeru Kusahara | Board Director | |
Keiichi Sagawa | Board Director | |
Hitoshi Kashiwaki | Board Director | |
Koichi Nakamura | Board Director | |
Koichi Shima | Standing Statutory Auditor | |
Hideshi Takeuchi | Statutory Auditor | |
Naoto Nakamura | Statutory Auditor | |
Executive Officers |
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Masumi Minegishi | CEO | |
Shogo Ikeuchi | Senior Corporate Executive Officer | |
Hideaki Kitou | Senior Corporate Executive Officer | |
Shigeru Kusahara | Senior Corporate Executive Officer | |
Keiichi Sagawa | Senior Corporate Executive Officer | |
Hitoshi Motohara | Senior Corporate Executive Officer | |
Hisayuki Idekoba | Corporate Executive Officer | |
Toshio Oka | Corporate Executive Officer | |
Yoshihiro Kitamura | Corporate Executive Officer | |
Takashi Kuzuhara | Corporate Executive Officer | |
Daizo Kobayashi | Corporate Executive Officer | |
Suguru Tomizuka | Corporate Executive Officer | |
Yukiko Nagashima | Corporate Executive Officer | |
Takahiro Noguchi | Corporate Executive Officer | |
Tomoyuki Mizutani | Corporate Executive Officer | |
Masaki Yanagawa | Corporate Executive Officer | |
Kazumasa Watanabe | Corporate Executive Officer | |
Professional Officers | ||
Yukio Okubo | Professional Officer | |
Hiroaki Ogata | Professional Officer |
EXHIBIT INDEX
Exhibit No. |
Description of Document | |
Exhibit 99.1 | Stock Purchase Agreement, dated April 5, 2006, by and among the Reporting Person and Sellers (previously filed) | |
Exhibit 99.2 | Assignment Agreement, dated April 18, 2006, among the Reporting Person and Sellers (previously filed) | |
Exhibit 99.3 | Securities Purchase Agreement, dated March 13, 2012, by and between the Reporting Person and Mr. Honda (previously filed) | |
Exhibit 99.4 | Lock-Up Letter Agreement, dated April 3, 2014, by and between the Reporting Person, Mr. Watanabe and the other directors and executive officers of the Company, on the one hand, and Credit Suisse and J.P. Morgan, on the other hand |
Exhibit 99.4
LOCK UP LETTER AGREEMENT
April 3, 2014
Credit Suisse Securities (USA) LLC
Eleven Madison Avenue
New York, New York 10010
United States of America
J.P. Morgan Securities LLC
383 Madison Avenue
New York, New York 10179
United States of America
Ladies and Gentlemen:
The undersigned understands that Credit Suisse Securities (USA) LLC (Credit Suisse) and J.P. Morgan Securities LLC (J.P. Morgan and, together with Credit Suisse, the Initial Purchasers) propose to enter into a Purchase Agreement (the Purchase Agreement) with 51job, Inc., an exempted company incorporated with limited liability under the laws of the Cayman Islands (the Company), providing for the offering (the Offering) by the Company of US$150,000,000 principal amount of Convertible Senior Notes Due 2019 of the Company (the Securities). The Securities will be convertible into American Depositary Shares (the ADSs) issued pursuant to the Deposit Agreement, each of which represents, as of the date hereof, two common shares, par value of US$0.0001 per share, of the Company (the Common Shares). Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Purchase Agreement.
To induce the Initial Purchasers that may participate in the Offering to continue their efforts in connection with the Offering, the undersigned hereby agrees that, without the prior written consent of the Initial Purchasers, it will not, during the period commencing on the date hereof and ending 90 days after the date of the final offering memorandum (the Restricted Period) relating to the Offering (the Final Memorandum), (1) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any Common Shares or ADSs beneficially owned (as such term is used in Rule 13d-3 of the Securities Exchange Act of 1934, as amended (the Exchange Act)), by the undersigned or any other securities so owned convertible into or exercisable or exchangeable for Common Shares or ADSs or (2) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of the Common Shares or ADSs, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Shares or ADSs or such other securities, in cash or otherwise. The foregoing sentence shall not apply to (a) transactions relating to Common Shares or ADSs or other securities acquired in open market transactions after the completion of the Offering, provided that no filing under Section 16(a) of the Exchange Act shall be required or shall be voluntarily made in connection with subsequent sales of Common Shares or ADSs or other securities acquired in such open market transactions, (b) transfers of Common Shares or ADSs or any security convertible into Common Shares or ADSs as a bona fide gift, or (c) distributions of Common Shares or ADSs or any security convertible into Common Shares or ADSs to limited partners or stockholders of the undersigned; provided that in the case of any transfer or distribution pursuant to clause (b) or (c), (i) each donee or distributee shall sign and deliver a lock-up letter substantially in the form of this letter and (ii) no filing under Section 16(a) of the Exchange Act, reporting a reduction in beneficial ownership of Common Shares or ADSs, shall be required or shall be voluntarily made during the Restricted Period, or (d) the establishment of a trading plan pursuant to Rule 10b5-1 under the Exchange Act for the transfer of Common Shares or ADSs, provided that (i) such plan does not provide for the transfer of Common Shares or ADSs during the Restricted Period and (ii) to the extent a public announcement or filing under the Exchange Act, if any, is required of or voluntarily made by or on behalf of the undersigned or the Company regarding the establishment of such plan, such announcement or filing shall include a statement to the effect that no transfer of Common Shares or ADSs may be made under such plan during the Restricted Period. In addition, the undersigned agrees that, without the prior written consent of the Initial Purchasers, it will not, during the Restricted Period, make any demand for or exercise any right with respect to, the registration of any Common Shares or ADSs or any security convertible into or exercisable or exchangeable for Common Shares or ADSs. The undersigned also agrees and consents to the entry of stop transfer instructions with the Companys transfer agent and registrar against the transfer of the undersigneds Common Shares or ADSs except in compliance with the foregoing restrictions.
The undersigned understands that the Company and the Initial Purchasers are relying upon this agreement in proceeding toward consummation of the Offering. The undersigned further understands that this agreement is irrevocable and shall be binding upon the undersigneds heirs, legal representatives, successors and assigns.
Whether or not the Offering actually occurs depends on a number of factors, including market conditions. Any Offering will only be made pursuant to the Purchase Agreement, the terms of which are subject to negotiation between the Company and the Initial Purchasers.
This letter agreement and any claim, controversy or dispute arising under or related to this letter agreement shall be governed by and construed in accordance with the laws of the State of New York, without regard to the conflict of laws principles thereof.
[signature page follows]
2
Very truly yours,
/s/ Rick Yan Rick Yan |
/s/ Kathleen Chien Kathleen Chien |
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/s/ David K. Chao David K. Chao |
/s/ Tao Wang Tao Wang |
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/s/ Jones Haijun Yu Jones Haijun Yu |
/s/ David Weimin Jin David Weimin Jin |
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/s/ James Jianzhang Liang James Jianzhang Liang |
/s/ Kazumasa Watanabe Kazumasa Watanabe |
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/s/ Li-Lan Cheng Li-Lan Cheng |
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Recruit Holdings Co., Ltd.
/s/ Kazumasa Watanabe Name: Kazumasa Watanabe
Title: Corporate Executive Officer |