United States
Securities and Exchange Commission
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
Information to be Included in Statements Filed Pursuant to § 240.13d-1(a) and
Amendments Thereto Filed Pursuant to § 240.13d-2(a)
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Hostess Brands, Inc.
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
44109J106
(CUSIP Number)
Gores Sponsor LLC
9800 Wilshire Blvd.
Beverly Hills, California 90212
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
December 23, 2016
(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. ☐
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 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).
1 | Names of Reporting Persons
Gores Sponsor LLC | |||||
2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
3 | SEC Use Only
| |||||
4 | Source of Funds (See Instructions)
OO | |||||
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
19,159,732* | |||||
9 | Sole Dispositive Power
0 | |||||
10 | Shared Dispositive Power
19,159,732* | |||||
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person
19,159,732* | |||||
12 | Check if the Aggregate Amount in Row (11) Excludes Certain Shares ☐
| |||||
13 | Percent of Class Represented by Amount in Row (11)
18.1%* | |||||
14 | Type of Reporting Person
OO (Delaware limited liability company) |
* | Includes 8,500,000 shares of Class A Common Stock issuable upon exercise of 17,000,000 Private Placement Warrants. |
1 | Names of Reporting Persons
AEG Holdings, LLC | |||||
2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
3 | SEC Use Only
| |||||
4 | Source of Funds (See Instructions)
OO | |||||
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
19,159,732* | |||||
9 | Sole Dispositive Power
0 | |||||
10 | Shared Dispositive Power
19,159,732* | |||||
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person
19,159,732* | |||||
12 | Check if the Aggregate Amount in Row (11) Excludes Certain Shares ☐
| |||||
13 | Percent of Class Represented by Amount in Row (11)
18.1%* | |||||
14 | Type of Reporting Person
OO (Delaware limited liability company) |
* | Includes 8,500,000 shares of Class A Common Stock issuable upon exercise of 17,000,000 Private Placement Warrants. |
1 | Names of Reporting Persons
Platinum Equity, LLC | |||||
2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
3 | SEC Use Only
| |||||
4 | Source of Funds (See Instructions)
OO | |||||
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
19,159,732* | |||||
9 | Sole Dispositive Power
0 | |||||
10 | Shared Dispositive Power
19,159,732* | |||||
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person
19,159,732* | |||||
12 | Check if the Aggregate Amount in Row (11) Excludes Certain Shares ☐
| |||||
13 | Percent of Class Represented by Amount in Row (11)
18.1%* | |||||
14 | Type of Reporting Person
OO (Delaware limited liability company) |
* | Includes 8,500,000 shares of Class A Common Stock issuable upon exercise of 17,000,000 Private Placement Warrants. |
1 | Names of Reporting Persons
Alec Gores | |||||
2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
3 | SEC Use Only
| |||||
4 | Source of Funds (See Instructions)
OO | |||||
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
19,159,732* | |||||
9 | Sole Dispositive Power
0 | |||||
10 | Shared Dispositive Power
19,159,732* | |||||
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person
19,159,732* | |||||
12 | Check if the Aggregate Amount in Row (11) Excludes Certain Shares ☐
| |||||
13 | Percent of Class Represented by Amount in Row (11)
18.1%* | |||||
14 | Type of Reporting Person
IN |
* | Includes 8,500,000 shares of Class A Common Stock issuable upon exercise of 17,000,000 Private Placement Warrants. |
1 | Names of Reporting Persons
Tom Gores | |||||
2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
3 | SEC Use Only
| |||||
4 | Source of Funds (See Instructions)
OO | |||||
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
19,159,732* | |||||
9 | Sole Dispositive Power
0 | |||||
10 | Shared Dispositive Power
19,159,732* | |||||
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person
19,159,732* | |||||
12 | Check if the Aggregate Amount in Row (11) Excludes Certain Shares ☐
| |||||
13 | Percent of Class Represented by Amount in Row (11)
18.1%* | |||||
14 | Type of Reporting Person
IN |
* | Includes 8,500,000 shares of Class A Common Stock issuable upon exercise of 17,000,000 Private Placement Warrants. |
Explanatory Note
This Amendment No. 1 to Schedule 13D (this Amendment No. 1) amends and supplements the Schedule 13D originally filed with the United States Securities and Exchange Commission (the SEC) on November 14, 2016, as amended to date, (the Statement), relating to the class A common stock (the Class A Common Stock), of Hostess Brands, Inc. (the Issuer). Capitalized terms used herein without definition shall have the meaning set forth in the Statement.
Item 5. | Interest in Securities of the Issuer |
Item 5 of the Statement is amended and restated in its entirety as follows:
(a) (b)
The following table sets forth the aggregate number of shares of Class A Common Stock and percentage of Class A Common Stock beneficially owned by each Reporting Person as of the date hereof, as well as the number of shares of Class A Common Stock as to which each of the Reporting Persons has the sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition of, as of the date hereof, based on 97,589,217 shares of Class A Common Stock outstanding as of December 1, 2016, as reported in the Prospectus Supplement, filed by the Issuer with the SEC pursuant to Rule 424(b)(3) on December 12, 2016. The shares of Class A Common Stock held by each of the Reporting Persons includes 8,500,000 shares of Class A Common Stock issuable upon exercise of 17,000,000 Private Placement Warrants held of record by Gores Sponsor.
Reporting Person |
Amount beneficially owned |
Percent of class |
Sole power to vote or to direct the vote |
Shared power to vote or to direct the vote |
Sole power to dispose or to direct the disposition |
Shared power to dispose or to direct the disposition |
||||||||||||||||||
Gores Sponsor LLC |
19,159,732 | 18.1 | % | 0 | 19,159,732 | 0 | 19,159,732 | |||||||||||||||||
AEG Holdings, LLC |
19,159,732 | 18.1 | % | 0 | 19,159,732 | 0 | 19,159,732 | |||||||||||||||||
Alec Gores |
19,159,732 | 18.1 | % | 0 | 19,159,732 | 0 | 19,159,732 | |||||||||||||||||
Platinum Equity, LLC |
19,159,732 | 18.1 | % | 0 | 19,159,732 | 0 | 19,159,732 | |||||||||||||||||
Tom Gores |
19,159,732 | 18.1 | % | 0 | 19,159,732 | 0 | 19,159,732 |
The securities reported herein are held of record by Gores Sponsor LLC (Gores Sponsor). AEG Holdings, LLC (AEG) and Platinum Equity, LLC (Platinum Equity) are the managing managers of Gores Sponsor. Alec Gores is the managing member of AEG. Tom Gores is the managing member of Platinum Equity. Accordingly, each of AEG, Platinum Equity, Alec Gores and Tom Gores may be deemed to share beneficial ownership of the securities held of record by Gores Sponsor.
(c) From the date of the original filing of this Schedule 13D through January 6, 2017, Gores Sponsor disposed of 3,165,000 shares of Class A Common Stock in a series of transactions at prices ranging from $12.7697 to $13.2297 per share in open market transactions on The Nasdaq Stock Market. Details by date, listing the number of shares of Class A Common Stock disposed of and the weighted average price per share are provided below.
Date |
Equity Shares Disposed Of |
Weighted Average Price per Share |
||||||
December 14, 2016 |
1,600 | $ | 12.9360 | |||||
December 15, 2016 |
500 | $ | 12.8957 | |||||
December 16, 2016 |
29,200 | $ | 12.7948 | |||||
December 19, 2016 |
2,100 | $ | 12.9198 | |||||
December 20, 2016 |
165,681 | $ | 12.9415 | |||||
December 21, 2016 |
546,387 | $ | 12.9983 | |||||
December 22, 2016 |
158,732 | $ | 12.9603 | |||||
December 23, 2016 |
186,800 | $ | 12.9412 | |||||
December 27, 2016 |
36,502 | $ | 12.9200 | |||||
December 28, 2016 |
19,698 | $ | 12.9287 | |||||
December 29, 2016 |
21,812 | $ | 12.9142 | |||||
December 30, 2016 |
98,663 | $ | 13.0139 | |||||
January 3, 2017 |
672,973 | $ | 13.0104 | |||||
January 4, 2017 |
232,057 | $ | 12.9975 | |||||
January 5, 2017 |
392,295 | $ | 12.9586 | |||||
January 6, 2017 |
600,000 | $ | 12.9937 |
The Reporting Persons undertake to provide, upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price for these transactions.
Except for the transactions disclosed in this Item 5(c), none of the Reporting Persons or Related Persons has effected any transactions in the Class A Common Stock since the most recent filing on Schedule 13D.
(d) None.
(e) Not Applicable.
SIGNATURES
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: January 10, 2017
Gores Sponsor LLC | ||
By: | AEG Holdings, LLC | |
its managing member | ||
By: | /s/ Alec Gores | |
Title: | Managing Member | |
By: | Platinum Equity, LLC | |
its managing member | ||
By: | /s/ Mary Ann Sigler | |
Title: | Chief Financial Officer | |
AEG Holdings, LLC | ||
By: | /s/ Alec Gores | |
Title: | Managing Member | |
Platinum Equity, LLC | ||
By: | /s/ Mary Ann Sigler | |
Title: | Chief Financial Officer | |
Alec Gores | ||
By: | /s/ Alec Gores | |
Tom Gores | ||
By: | /s/ Mary Ann Sigler | |
Mary Ann Sigler, Attorney-in-Fact for Tom Gores |