0001193125-11-054915.txt : 20110303 0001193125-11-054915.hdr.sgml : 20110303 20110303153034 ACCESSION NUMBER: 0001193125-11-054915 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20110303 DATE AS OF CHANGE: 20110303 GROUP MEMBERS: BREEDEN CAPITAL PARTNERS LLC GROUP MEMBERS: BREEDEN PARTNERS (CALIFORNIA) II L.P. GROUP MEMBERS: BREEDEN PARTNERS (CALIFORNIA) L.P. GROUP MEMBERS: BREEDEN PARTNERS (CAYMAN) LTD. GROUP MEMBERS: BREEDEN PARTNERS (NEW YORK) I L.P. GROUP MEMBERS: BREEDEN PARTNERS HOLDCO LTD. GROUP MEMBERS: BREEDEN PARTNERS L.P. GROUP MEMBERS: RICHARD C. BREEDEN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Hillenbrand, Inc. CENTRAL INDEX KEY: 0001417398 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS MANUFACTURING INDUSTRIES [3990] IRS NUMBER: 261342272 STATE OF INCORPORATION: IN FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-84006 FILM NUMBER: 11659991 BUSINESS ADDRESS: STREET 1: ONE BATESVILLE BOULEVARD CITY: BATESVILLE STATE: IN ZIP: 47006 BUSINESS PHONE: (812)931-2304 MAIL ADDRESS: STREET 1: ONE BATESVILLE BOULEVARD CITY: BATESVILLE STATE: IN ZIP: 47006 FORMER COMPANY: FORMER CONFORMED NAME: Batesville Holdings, Inc. DATE OF NAME CHANGE: 20071102 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Breeden Capital Management LLC CENTRAL INDEX KEY: 0001376259 IRS NUMBER: 113765220 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 100 NORTHFIELD STREET CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 203-618-0065 MAIL ADDRESS: STREET 1: 100 NORTHFIELD STREET CITY: GREENWICH STATE: CT ZIP: 06830 SC 13D/A 1 dsc13da.htm SCHEDULE 13D AMENDMENT NO. 3 Schedule 13D Amendment No. 3

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 3)*

 

 

 

Hillenbrand, Inc.

(Name of Issuer)

 

 

 

Common Stock, without par value

(Title of Class of Securities)

 

431571108

(CUSIP Number)

 

Nandita Hogan

Breeden Capital Management LLC

100 Northfield Street

Greenwich, Connecticut 06830

(203) 618-0065

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

 

March 1, 2011

(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-l(e), 240.13d-l(f) or 240.13d-1(g), check the following box.  ¨

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-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. 431571108

 

  1.   

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

Breeden Capital Management 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)

 

    AF

  5.  

Check 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

 

    3,066,550

     9.   

Sole Dispositive Power

 

    0

   10.   

Shared Dispositive Power

 

    3,066,550

11.

  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

    3,066,550

12.

  

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

 

13.

  

Percent of Class Represented by Amount in Row (11)

 

    4.89%

14.

  

Type of Reporting Person (See Instructions)

 

    OO

 

 

Page 2 of 16

 

CUSIP No. 431571108

 

  1.   

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

Breeden Partners (California) 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)

 

    AF

  5.  

Check 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

 

    1,565,417

     9.   

Sole Dispositive Power

 

    0

   10.   

Shared Dispositive Power

 

    1,565,417

11.

  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

    1,565,417

12.

  

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

 

13.

  

Percent of Class Represented by Amount in Row (11)

 

    2.50%

14.

  

Type of Reporting Person (See Instructions)

 

    PN

 

 

Page 3 of 16

 

CUSIP No. 431571108

 

  1.   

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

Breeden Partners (California) II 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)

 

    AF

  5.  

Check 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

 

    1,289,391

     9.   

Sole Dispositive Power

 

    0

   10.   

Shared Dispositive Power

 

    1,289,391

11.

  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

    1,289,391

12.

  

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

 

13.

  

Percent of Class Represented by Amount in Row (11)

 

    2.06%

14.

  

Type of Reporting Person (See Instructions)

 

    PN

 

 

Page 4 of 16

 

CUSIP No. 431571108

 

  1.   

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

Breeden 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)

 

    AF

  5.  

Check 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

 

    14,020

     9.   

Sole Dispositive Power

 

    0

   10.   

Shared Dispositive Power

 

    14,020

11.

  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

    14,020

12.

  

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

 

13.

  

Percent of Class Represented by Amount in Row (11)

 

    .02%

14.

  

Type of Reporting Person (See Instructions)

 

    PN

 

 

Page 5 of 16

 

CUSIP No. 431571108

 

  1.   

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

Breeden Partners (New York) I 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)

 

    AF

  5.  

Check 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

 

    121,536

     9.   

Sole Dispositive Power

 

    0

   10.   

Shared Dispositive Power

 

    121,536

11.

  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

    121,536

12.

  

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

 

13.

  

Percent of Class Represented by Amount in Row (11)

 

    .19%

14.

  

Type of Reporting Person (See Instructions)

 

    PN

 

 

Page 6 of 16

 

CUSIP No. 431571108

 

  1.   

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

Breeden Partners Holdco Ltd.

  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)

 

    AF

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  6.  

Citizenship or Place of Organization

 

    Cayman Islands

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

      7.    

Sole Voting Power

 

    0

     8.   

Shared Voting Power

 

    76,186

     9.   

Sole Dispositive Power

 

    0

   10.   

Shared Dispositive Power

 

    76,186

11.

  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

    76,186

12.

  

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

 

13.

  

Percent of Class Represented by Amount in Row (11)

 

    .12%

14.

  

Type of Reporting Person (See Instructions)

 

    OO

 

 

Page 7 of 16

 

CUSIP No. 431571108

 

  1.   

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

Breeden Partners (Cayman) Ltd.

  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)

 

    AF

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  6.  

Citizenship or Place of Organization

 

    Cayman Islands

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

      7.    

Sole Voting Power

 

    0

     8.   

Shared Voting Power

 

    76,186

     9.   

Sole Dispositive Power

 

    0

   10.   

Shared Dispositive Power

 

    76,186

11.

  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

    76,186

12.

  

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

 

13.

  

Percent of Class Represented by Amount in Row (11)

 

    .12%

14.

  

Type of Reporting Person (See Instructions)

 

    OO

 

 

Page 8 of 16

 

CUSIP No. 431571108

 

  1.   

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

Breeden Capital Partners 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)

 

    AF

  5.  

Check 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

 

    2,990,364

     9.   

Sole Dispositive Power

 

    0

   10.   

Shared Dispositive Power

 

    2,990,364

11.

  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

    2,990,364

12.

  

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

 

13.

  

Percent of Class Represented by Amount in Row (11)

 

    4.77%

14.

  

Type of Reporting Person (See Instructions)

 

    OO

 

 

Page 9 of 16

 

CUSIP No. 431571108

 

  1.   

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

Richard C. Breeden

  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)

 

    AF

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  6.  

Citizenship or Place of Organization

 

    United States

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

      7.    

Sole Voting Power

 

    0

     8.   

Shared Voting Power

 

    3,066,550

     9.   

Sole Dispositive Power

 

    0

   10.   

Shared Dispositive Power

 

    3,066,550

11.

  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

    3,066,550

12.

  

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

 

13.

  

Percent of Class Represented by Amount in Row (11)

 

    4.89%

14.

  

Type of Reporting Person (See Instructions)

 

    IN

 

 

Page 10 of 16

ITEM 1. SECURITY AND ISSUER.

This Amendment No. 3 (the “Amendment”) amends and supplements the Schedule 13D filed with the Securities and Exchange Commission on September 22, 2008, as previously amended, (the “Schedule 13D”), relating to the common stock, without par value (“Common Stock”) of Hillenbrand, Inc., an Indiana corporation (the “Company”). The mailing address of the Company’s principal executive offices is One Batesville Boulevard, Batesville, IN 47006. Items 5 and 7 of the Schedule 13D are hereby amended and restated.

 

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.

(a)-(b) The responses of the Reporting Persons to Rows (7) through (13) on the cover pages of the Statement on Schedule 13D are incorporated herein by reference. All percentages set forth in this paragraph relating to beneficial ownership of Common Stock are based upon 62,646,910 shares outstanding, which is the total number of shares outstanding as of January 28, 2011 as reported in the Company’s Quarterly Report filed with the Securities and Exchange Commission on February 2, 2011.

For purposes of disclosing the number of shares of Common Stock beneficially owned by each of the Reporting Persons, the General Partner, as general partner of the Delaware Fund, the California Fund, the California II Fund and the New York Fund, may be deemed to own beneficially (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934) all shares of the Common Stock that are owned beneficially and directly by the Delaware Fund, the California Fund, the California II Fund and the New York Fund. The Advisor, as the investment manager for the Fund, and Mr. Breeden, as Managing Member of the Advisor and the General Partner, and as the Key Principal of the Offshore Investors Fund, may be deemed to own beneficially all shares of the Common Stock that are owned beneficially and directly by the Fund. Each of the General Partner, the Advisor and Mr. Breeden disclaims beneficial ownership of such shares for all other purposes. BPC may be deemed to own beneficially all shares of the Common Stock that are owned beneficially and directly by Holdco. The Delaware Fund, the California Fund, the California II Fund, the New York Fund and Holdco and BPC each disclaims beneficial ownership of the shares of Common Stock held directly by the others.

(c) Except as set forth above or in the attached Schedule I, no Reporting Person has effected any transaction in shares of Common Stock during the 60 days preceding the date hereof.

(d) Not applicable.

(e) As of March 2, 2011, none of the Reporting Persons beneficially owns more than five percent of Common Stock.

 

ITEM 7. MATERIALS TO BE FILED AS EXHIBITS.

 

EXHIBIT 1.    Agreement as to Joint Filing of Schedule 13D, dated March 3, 2011 by and among the Delaware Fund, the California Fund, the California II Fund, the New York Fund, Holdco, BPC, the General Partner, the Advisor and Mr. Breeden.

 

Page 11 of 16

SIGNATURES

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

Dated: March 3, 2011

 

BREEDEN PARTNERS L.P.
By:   Breeden Capital Partners LLC,
  General Partner
By:  

/s/ Richard C. Breeden

  Richard C. Breeden
  Managing Member
BREEDEN PARTNERS (CALIFORNIA) L.P.
By:   Breeden Capital Partners LLC,
  General Partner
By:  

/s/ Richard C. Breeden

  Richard C. Breeden
  Managing Member
BREEDEN PARTNERS (CALIFORNIA) II L.P.
By:   Breeden Capital Partners LLC,
  General Partner
By:  

/s/ Richard C. Breeden

  Richard C. Breeden
  Managing Member
BREEDEN PARTNERS (NEW YORK) I L.P.
By:   Breeden Capital Partners LLC,
  General Partner
By:  

/s/ Richard C. Breeden

  Richard C. Breeden
  Managing Member
BREEDEN PARTNERS HOLDCO LTD.
By:  

/s/ Richard C. Breeden

  Richard C. Breeden
  Key Principal
BREEDEN CAPITAL PARTNERS LLC
By:  

/s/ Richard C. Breeden

  Richard C. Breeden
  Managing Member

 

Page 12 of 16

BREEDEN CAPITAL MANAGEMENT LLC
By:  

/s/ Richard C. Breeden

  Richard C. Breeden
  Managing Member
BREEDEN PARTNERS (CAYMAN) LTD.
By:  

/s/ Richard C. Breeden

  Richard C. Breeden
  Key Principal
 

/s/ Richard C. Breeden

  Richard C. Breeden

 

Page 13 of 16

Schedule I

TRANSACTIONS DURING THE PAST 60 DAYS BY THE REPORTING PERSONS

The following table sets forth all transactions with respect to shares of Common Stock effected during the past 60 days by any of the Reporting Persons. All such transactions were effected in the open market.

 

Transaction Date

    Shares Purchased
(Sold) for the
Account of the
Delaware Fund		     Shares Purchased
(Sold) for the
Account of the
California Fund		     Shares Purchased
(Sold) for the
Account of the
California II Fund		     Shares Purchased
(Sold) for the
Account of
Holdco		     Shares Purchased
(Sold) for the
Account of the
New York Fund		     Price per
Share		  

1/5/2011

      (514 )      (54,379 )      (44,790 )      (13,336 )      (4,222 )    $ 20.9000   

2/8/2011

      (166 )      (18,557 )      (15,285 )      (4,551 )      (1,441 )    $ 21.7558   

2/9/2011

      (1 )      (162 )      (134 )      (40 )      (13 )    $ 21.7614   

2/10/2011

      (116 )      (12,944 )      (10,661 )      (3,174 )      (1,005 )    $ 21.7504   

2/11/2011

      (671 )      (74,971 )      (61,751 )      (18,386 )      (5,821 )    $ 21.7537 (1) 

2/14/2011

      (365 )      (40,716 )      (33,536 )      (9,985 )      (3,161 )    $ 22.0096   

2/15/2011

      (83 )      (9,279 )      (7,642 )      (2,276 )      (720 )    $ 22.0000   

2/16/2011

      (196 )      (21,870 )      (18,014 )      (5,364 )      (1,698 )    $ 22.0153   

2/17/2011

      (300 )      (33,542 )      (27,628 )      (8,226 )      (2,604 )    $ 22.0000   

2/24/2011

      (77 )      (8,630 )      (7,108 )      (2,117 )      (670 )    $ 21.7509   

2/25/2011

      (471 )      (52,517 )      (43,257 )      (12,880 )      (4,077 )    $ 21.7634 (2) 

2/28/2011

      (50 )      (5,567 )      (4,586 )      (1,365 )      (432 )    $ 21.8123   

3/1/2011

      —          —          —          (122,476 )      —        $ 21.5055   

3/2/2011

      —          —          —          (185,249 )      —        $ 21.5029   

 

(1) The range of prices per share is from $21.7500 to $21.7596
(2) The range of prices per share is from $21.7505 to $21.7646

 

Page 14 of 16

EX-1 2 dex1.htm AGREEMENT AS TO JOINT FILING OF SCHEDULE 13D, DATED MARCH 3, 2011 Agreement as to Joint Filing of Schedule 13D, dated March 3, 2011

Exhibit 1

Agreement of Joint Filing

Pursuant to 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, the undersigned persons hereby agree to file with the Securities and Exchange Commission the Statement on Schedule 13D (the “Statement”) to which this Agreement is attached as an exhibit, and agree that such Statement, as so filed, is filed on behalf of each of them.

IN WITNESS WHEREOF, the undersigned have executed this Agreement.

Dated: March 3, 2011

 

BREEDEN PARTNERS L.P.
By:   Breeden Capital Partners LLC,
  General Partner
By:  

/s/ Richard C. Breeden

  Richard C. Breeden
  Managing Member
BREEDEN PARTNERS (CALIFORNIA) L.P.
By:   Breeden Capital Partners LLC,
  General Partner
By:  

/s/ Richard C. Breeden

  Richard C. Breeden
  Managing Member
BREEDEN PARTNERS (CALIFORNIA) II L.P.
By:   Breeden Capital Partners LLC,
  General Partner
By:  

/s/ Richard C. Breeden

  Richard C. Breeden
  Managing Member
BREEDEN PARTNERS (NEW YORK) I L.P.
By:   Breeden Capital Partners LLC,
  General Partner
By:  

/s/ Richard C. Breeden

  Richard C. Breeden
  Managing Member
BREEDEN PARTNERS HOLDCO LTD.
By:  

/s/ Richard C. Breeden

  Richard C. Breeden
  Key Principal
BREEDEN CAPITAL PARTNERS LLC
By:  

/s/ Richard C. Breeden

  Richard C. Breeden
  Managing Member

BREEDEN CAPITAL MANAGEMENT LLC
By:  

/s/ Richard C. Breeden

  Richard C. Breeden
  Managing Member
BREEDEN PARTNERS (CAYMAN) LTD.
By:  

/s/ Richard C. Breeden

  Richard C. Breeden
  Key Principal
 

/s/ Richard C. Breeden

  Richard C. Breeden