0000905148-13-000302.txt : 20130214 0000905148-13-000302.hdr.sgml : 20130214 20130214162638 ACCESSION NUMBER: 0000905148-13-000302 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130214 DATE AS OF CHANGE: 20130214 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NORTEK INC CENTRAL INDEX KEY: 0001216596 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC HOUSEWARES & FANS [3634] IRS NUMBER: 050314991 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-85552 FILM NUMBER: 13614475 BUSINESS ADDRESS: STREET 1: 50 KENNEDY PLAZA CITY: PROVIDENCE STATE: RI ZIP: 02903 BUSINESS PHONE: 4017511600 MAIL ADDRESS: STREET 1: 50 KENNEDY PLAZA CITY: PROVIDENCE STATE: RI ZIP: 02903 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Anchorage Capital Group, L.L.C. CENTRAL INDEX KEY: 0001300714 IRS NUMBER: 200042271 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 610 BROADWAY STREET 2: 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10012 BUSINESS PHONE: 212-610-9077 MAIL ADDRESS: STREET 1: 610 BROADWAY STREET 2: 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10012 FORMER COMPANY: FORMER CONFORMED NAME: Anchorage Advisors, LLC DATE OF NAME CHANGE: 20040817 SC 13G/A 1 efc13-129_fmsc13ga.htm efc13-129_fmsc13ga.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549


 
SCHEDULE 13G
 
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
 
NORTEK, INC.
(Name of Issuer)
 
Common Stock, par value $0.01 per share
(Title of Class of Securities)
 
656559309
(CUSIP Number)
 
December 31, 2012
(Date of Event which Requires Filing of this Statement)
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
[X]           Rule 13d-1(b)
 
[   ]           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 11 Pages
Exhibit Index: Page 10
 
 
 
 
 

 
 
 
SCHEDULE 13G
CUSIP No. :  656559309
 
Page 2 of 11 Pages
   
1.
Names of Reporting Persons.
 
ANCHORAGE CAPITAL GROUP, L.L.C.
2.
Check the Appropriate Box if a Member of a Group
 
(a) [   ]
(b) [   ]
3.
SEC Use Only
 
4.
Citizenship or Place of Organization
 
Delaware
Number of
Shares
Beneficially
Owned by Each
Reporting
Person With
5.
 
Sole Voting Power
0
6.
 
Shared Voting Power
1,367,698
7.
 
Sole Dispositive Power
0
8.
 
Shared Dispositive Power
1,367,698
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
 
1,367,698
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
 
[  ]
11.
Percent of Class Represented by Amount in Row (9)
 
9.0%
12.
Type of Reporting Person:
 
OO, IA

 
 
 
 

 
 
 
SCHEDULE 13G
CUSIP No. :  656559309
 
Page 3 of 11 Pages
   
1.
Names of Reporting Persons.
 
ANCHORAGE ADVISORS MANAGEMENT, L.L.C.
2.
Check the Appropriate Box if a Member of a Group
 
(a) [   ]
(b) [   ]
3.
SEC Use Only
 
4.
Citizenship or Place of Organization
 
Delaware
Number of
Shares
Beneficially
Owned by Each
Reporting
Person With
5.
 
Sole Voting Power
0
6.
 
Shared Voting Power
1,367,698
7.
 
Sole Dispositive Power
0
8.
 
Shared Dispositive Power
1,367,698
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
 
1,367,698
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
 
[  ]
11.
Percent of Class Represented by Amount in Row (9)
 
9.0%
12.
Type of Reporting Person:
 
OO, HC
 
 
 
 

 
 
 
SCHEDULE 13G
CUSIP No. :  656559309
 
Page 4 of 11 Pages
   
1.
Names of Reporting Persons.
 
ANTHONY L. DAVIS
2.
Check the Appropriate Box if a Member of a Group
 
(a) [   ]
(b) [   ]
3.
SEC Use Only
 
4.
Citizenship or Place of Organization
 
United States of America
Number of
Shares
Beneficially
Owned by Each
Reporting
Person With
5.
 
Sole Voting Power
0
6.
 
Shared Voting Power
1,367,698
7.
 
Sole Dispositive Power
0
8.
 
Shared Dispositive Power
1,367,698
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
 
1,367,698
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
 
[  ]
11.
Percent of Class Represented by Amount in Row (9)
 
9.0%
12.
Type of Reporting Person:
 
IN, HC
 
 
 
 

 
 
 
SCHEDULE 13G
CUSIP No. :  656559309
 
Page 5 of 11 Pages
   
1.
Names of Reporting Persons.
 
KEVIN M. ULRICH
2.
Check the Appropriate Box if a Member of a Group
 
(a) [   ]
(b) [   ]
3.
SEC Use Only
 
4.
Citizenship or Place of Organization
 
Canada
Number of
Shares
Beneficially
Owned by Each
Reporting
Person With
5.
 
Sole Voting Power
0
6.
 
Shared Voting Power
1,367,698
7.
 
Sole Dispositive Power
0
8.
 
Shared Dispositive Power
1,367,698
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
 
1,367,698
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
 
[  ]
11.
Percent of Class Represented by Amount in Row (9)
 
9.0%
12.
Type of Reporting Person:
 
IN, HC
 
 
 
 
 

 
 
Page 6 of 11 Pages
 

Item 1(a). 
Name of Issuer:
 
Nortek, Inc. (the “Issuer”)
 
Item 1(b). 
Address of Issuer’s Principal Executive Offices:
 
50 Kennedy Plaza, Providence, Rhode Island 02903-2360
 
Item 2(a). 
Name of Person Filing:

This Statement is filed on behalf of each of the following persons (collectively, the “Reporting Persons”):
 
 
i)
Anchorage Capital Group, L.L.C. ("Capital Group");
 
 
ii)
Anchorage Advisors Management, L.L.C. ("Management");
 
 
iii)
Anthony L. Davis ("Mr. Davis"); and
 
 
iv)
Kevin M. Ulrich ("Mr. Ulrich").
 
This statement relates to Shares (as defined herein) held for the account of Anchorage Capital Master Offshore, Ltd., a Cayman Islands exempted company incorporated with limited liability (“Anchorage Offshore”). Capital Group is the investment advisor to Anchorage Offshore.  Management is the sole managing member of Capital Group.  Mr. Davis is the President of Capital Group and a managing member of Management, and Mr. Ulrich is the Chief Executive Officer of Capital Group and the other managing member of Management.

Item 2(b). 
Address of Principal Business Office or, if None, Residence:

The address of the principal business office of each of the Reporting Persons is 610 Broadway, 6th Floor, New York, NY 10012.

Item 2(c). 
Citizenship:
 
1) Capital Group is a Delaware limited liability company;
 
2) Management is a Delaware limited liability company;
 
3) Mr. Davis is a citizen of the United States of America; and
 
4) Mr. Ulrich is a citizen of Canada.
 
Item 2(d). 
Title of Class of Securities:
 
Common Stock, par value $0.01 per share (the “Shares”)
 
Item 2(e). 
CUSIP Number:
 
656559309
 
 
 

 
 
Page 7 of 11 Pages
 
 
Item 3. 
If This Statement is Filed Pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c),
Check Whether the Person Filing is a:

(e) [X] An investment adviser in accordance with §240.13d-(b)(1)(ii)(E).
 
(g) [X] A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).
 
Item 4. 
Ownership:
 
Item 4(a) 
Amount Beneficially Owned:
 
As of December 31, 2012, each of the Reporting Persons may be deemed the beneficial owner of 1,367,698 Shares held for the account of Anchorage Offshore.
 
Item 4(b) 
Percent of Class:

As of December 31, 2012, each of the Reporting Persons may be deemed the beneficial owner of approximately 9.0% of Shares outstanding.  (There were 15,164,530 Shares outstanding as of November 2, 2012, according to the Issuer’s quarterly report on Form 10-Q, filed November 8, 2012.)

Item 4(c) 
Number of Shares of which such person has:
 
 
Capital Group, Management, Mr. Davis, Mr. Ulrich:
(i) Sole power to vote or direct the vote:
0
(ii) Shared power to vote or direct the vote:
1,367,698
(iii) Sole power to dispose or direct the disposition of:
0
(iv) Shared power to dispose or direct the disposition of:
1,367,698
 
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:
 
See disclosure in Items 2 and 4 hereof. Anchorage Offshore has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, more than 5 percent of the class of Shares covered by this statement that may be deemed to be beneficially owned by the Reporting Persons.
 
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person:

See disclosure in Item 2 hereof.
 
 
 
 
 
 

 
 
 
 
Page 8 of 11 Pages
 
 
Item 8. 
Identification and Classification of Members of the Group:
 
This Item 8 is not applicable.
 
Item 9. 
Notice of Dissolution of Group:
 
This Item 9 is not applicable.
 
Item 10. 
Certification:
 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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 9 of 11 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.
 
 
 
 
 
ANCHORAGE CAPITAL GROUP, L.L.C.
 
       
  By:
Anchorage Advisors Management, L.L.C.,
its Managing Member
 
       
 
By:
/s/ Kevin M. Ulrich  
  Name: Kevin M. Ulrich  
  Title:  Managing Member  
       
 
 
ANCHORAGE ADVISORS MANAGEMENT, L.L.C.
 
       
 
By:
/s/ Kevin M. Ulrich  
  Name: Kevin M. Ulrich  
  Title:  Managing Member  
       
       
 
ANTHONY L. DAVIS
 
       
  /s/ Anthony L Davis  
       
       
 
KEVIN M. ULRICH
 
       
  /s/ Kevin M. Ulrich  
 

 
 
February 14, 2013

 
 

 
Page 10 of 11 Pages
 
  
EXHIBIT INDEX
 
Ex.
 
Page No.
 
A
Joint Filing Agreement
11
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
Page 11 of 11 Pages

 

EXHIBIT A

JOINT FILING AGREEMENT

The undersigned agree that the statement on Schedule 13G with respect to the Common Stock of Nortek Inc., dated as of February 14, 2013, is, and any amendments thereto (including amendments on Schedule 13D) signed by each of the undersigned shall be, filed on behalf of each of them pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.
 
 
 
ANCHORAGE CAPITAL GROUP, L.L.C.
 
       
  By:
Anchorage Advisors Management, L.L.C.,
its Managing Member
 
       
 
By:
/s/ Kevin M. Ulrich  
  Name: Kevin M. Ulrich  
  Title:  Managing Member  
       
 
 
ANCHORAGE ADVISORS MANAGEMENT, L.L.C.
 
       
 
By:
/s/ Kevin M. Ulrich  
  Name: Kevin M. Ulrich  
  Title:  Managing Member  
       
       
 
ANTHONY L. DAVIS
 
       
  /s/ Anthony L Davis  
       
       
 
KEVIN M. ULRICH
 
       
  /s/ Kevin M. Ulrich  
 


February 14, 2013