0001193805-18-001447.txt : 20181231 0001193805-18-001447.hdr.sgml : 20181231 20181231172458 ACCESSION NUMBER: 0001193805-18-001447 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20181231 DATE AS OF CHANGE: 20181231 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Donnelley Financial Solutions, Inc. CENTRAL INDEX KEY: 0001669811 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS BUSINESS SERVICES [7380] IRS NUMBER: 344829638 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-89770 FILM NUMBER: 181260350 BUSINESS ADDRESS: STREET 1: 35 WEST WACKER DRIVE CITY: CHICAGO STATE: IL ZIP: 60601 BUSINESS PHONE: 844-866-4337 MAIL ADDRESS: STREET 1: 35 WEST WACKER DRIVE CITY: CHICAGO STATE: IL ZIP: 60601 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Simcoe Capital Management, LLC CENTRAL INDEX KEY: 0001633362 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 509 MADISON AVENUE, SUITE 2200 CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: (646) 442-6710 MAIL ADDRESS: STREET 1: 509 MADISON AVENUE, SUITE 2200 CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 sc13da107902006_12312018.htm AMENDMENT NO. 1 TO THE SCHEDULE 13D

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)

(Amendment No. 1)1

Donnelley Financial Solutions, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

25787G100

(CUSIP Number)

JEFFREY Jacobowitz

SIMCOE CAPITAL MANAGEMENT, LLC

509 Madison Avenue, Suite 2200

New York, New York 10022

(212) 448-7400

 

STEVE WOLOSKY, ESQ.

OLSHAN FROME WOLOSKY LLP

1325 Avenue of the Americas

New York, New York 10019

(212) 451-2300

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

December 27, 2018

(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.

 

 

 

1              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. 25787G100

  1   NAME OF REPORTING PERSON  
         
        SIMCOE CAPITAL MANAGEMENT, LLC  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        AF  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        DELAWARE  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY        

2,467,725 

 
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         - 0 -  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
         

2,467,725 

 
    10   SHARED DISPOSITIVE POWER  
           
          - 0 -  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
       

2,467,725 

 
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        7.2%  
  14   TYPE OF REPORTING PERSON  
         
        OO  

  

2

CUSIP No. 25787G100

  1   NAME OF REPORTING PERSON  
         
        SIMCOE PARTNERS, L.P.  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        WC  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        DELAWARE  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY        

2,335,604 

 
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         - 0 -  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
         

2,335,604 

 
    10   SHARED DISPOSITIVE POWER  
           
          - 0 -  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
       

2,335,604 

 
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        6.8%  
  14   TYPE OF REPORTING PERSON  
         
        PN  

  

3

CUSIP No. 25787G100

 

  1   NAME OF REPORTING PERSON  
         
        SIMCOE MANAGEMENT COMPANY, LLC  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        AF  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        DELAWARE  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY        

2,335,604 

 
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         - 0 -  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
         

2,335,604 

 
    10   SHARED DISPOSITIVE POWER  
           
          - 0 -  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
       

2,335,604 

 
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        6.8%  
  14   TYPE OF REPORTING PERSON  
         
        OO  

  

4

CUSIP No. 25787G100

 

  1   NAME OF REPORTING PERSON  
         
        SDR PARTNERS, LLC  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        WC  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        DELAWARE  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY        

132,121 

 
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         - 0 -  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
         

132,121 

 
    10   SHARED DISPOSITIVE POWER  
           
          - 0 -  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
       

132,121 

 
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        Less than 1%  
  14   TYPE OF REPORTING PERSON  
         
        OO  

  

5

CUSIP No. 25787G100

 

  1   NAME OF REPORTING PERSON  
         
        JEFFREY JACOBOWITZ  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        AF  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        USA  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY        

2,467,725 

 
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         - 0 -  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
         

2,467,725 

 
    10   SHARED DISPOSITIVE POWER  
           
          - 0 -  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
       

2,467,725 

 
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        7.2%  
  14   TYPE OF REPORTING PERSON  
         
        IN  

  

6

CUSIP No. 25787G100

 

The following constitutes Amendment No. 1 to the Schedule 13D filed by the undersigned (“Amendment No. 1”). This Amendment No. 1 amends the Schedule 13D as specifically set forth herein.

 

Item 3.Source and Amount of Funds or Other Consideration.

 

Item 3 is hereby amended and restated to read as follows:

 

The Shares purchased by each of Simcoe Partners and SDR Partners were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases. The aggregate purchase price of the 2,335,604 Shares directly owned by Simcoe Partners is approximately $39,952,593, including brokerage commissions. The aggregate purchase price of the 132,121 Shares directly owned by SDR Partners is approximately $2,222,354, including brokerage commissions.

 

Item 5.Interest in Securities of the Issuer.

 

Items 5(a) - (c) are hereby amended and restated to read as follows:

 

The aggregate percentage of Shares reported owned by each person named herein is based upon 34,100,000 Shares outstanding, as of November 2, 2018, which is the total number of Shares outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 7, 2018.

 

A.Simcoe Partners

 

(a)As of the date hereof, Simcoe Partners directly owned 2,335,604 Shares.

 

Percentage: Approximately 6.8%

 

(b)1. Sole power to vote or direct vote: 2,335,604
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 2,335,604
4. Shared power to dispose or direct the disposition: 0

 

(c)The transactions in the Shares by Simcoe Partners since the filing of the Schedule 13D are set for in Schedule A and are incorporated herein by reference.

 

B.Simcoe Management

 

(a)Simcoe Management, as the general partner of Simcoe Partners, may be deemed the beneficial owner of the 2,335,604 Shares owned by Simcoe Partners.

 

Percentage: Approximately 6.8%

 

(b)

1. Sole power to vote or direct vote: 2,335,604
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 2,335,604

4. Shared power to dispose or direct the disposition: 0

 

7

CUSIP No. 25787G100

 

(c)Simcoe Management has not entered into any transactions in the Shares since the filing of the Schedule 13D. The transactions in the Shares on behalf of Simcoe Partners since the filing of the Schedule 13D are set forth in Schedule A and are incorporated herein by reference.

 

C.SDR Partners

 

(a)As of the date hereof, SDR Partners directly owned 132,121 Shares.

 

Percentage: Less than 1%

 

(b)1. Sole power to vote or direct vote: 132,121
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 132,121
4. Shared power to dispose or direct the disposition: 0

 

(c)The transactions in the Shares by SDR Partners since the filing of the Schedule 13D are set forth in Schedule A and are incorporated herein by reference.

 

D.Simcoe Capital

 

(a)Simcoe Capital, as the investment manager to each of Simcoe Partners and SDR Partners, may be deemed the beneficial owner of the (i) 2,335,604 Shares owned by Simcoe Partners and (ii) 132,121 Shares owned by SDR Partners.

 

Percentage: Approximately 7.2%

 

(b)

1. Sole power to vote or direct vote: 2,467,725
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 2,467,725

4. Shared power to dispose or direct the disposition: 0

  

(c)Simcoe Capital has not entered into any transactions in the Shares since the filing of the Schedule 13D. The transactions in the Shares on behalf of each of Simcoe Partners and SDR Partners since the filing of the Schedule 13D are set forth in Schedule A and are incorporated herein by reference.

 

E.Mr. Jacobowitz

 

(a)Mr. Jacobowitz, as Managing Member of each of Simcoe Management and Simcoe Capital, may be deemed the beneficial owner of the (i) 2,335,604 Shares owned by Simcoe Partners and (ii) 132,121 Shares owned by SDR Partners.

 

Percentage: Approximately 7.2%

 

(b)

1. Sole power to vote or direct vote: 2,467,725
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 2,467,725

4. Shared power to dispose or direct the disposition: 0

  

8

CUSIP No. 25787G100

 

(c)Mr. Jacobowitz has not entered into any transactions in the Shares since the filing of the Schedule 13D. The transactions in the Shares on behalf of each of Simcoe Partners and SDR Partners since the filing of the Schedule 13D are set forth in Schedule A and are incorporated herein by reference.

 

The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer he or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or it does not directly own.

 

9

CUSIP No. 25787G100

SIGNATURES

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

Dated: December 31, 2018

  Simcoe Partners, L.P.
   
  By:

Simcoe Management Company, LLC

General Partner

     
  By:

/s/ Jeffrey Jacobowitz

    Name: Jeffrey Jacobowitz
    Title: Managing Member

 

 

  Simcoe Management Company, LLC
   
  By:

/s/ Jeffrey Jacobowitz

    Name: Jeffrey Jacobowitz
    Title: Managing Member

 

 

  SDR Partners, LLC
   
  By:

Simcoe Capital Management, LLC

Investment Manager

     
  By:

/s/ Jeffrey Jacobowitz

    Name: Jeffrey Jacobowitz
    Title: Managing Member

 

 

  Simcoe Capital Management, LLC
   
  By:

/s/ Jeffrey Jacobowitz

    Name: Jeffrey Jacobowitz
    Title: Managing Member

 

 

 

/s/ Jeffrey Jacobowitz

  Jeffrey Jacobowitz

 

10

CUSIP No. 25787G100

 

SCHEDULE A

 

Transactions in the Shares Since the Filing of the Schedule 13D

 

Shares of Common Stock

Purchased

Price Per

Share($)

Date of

Purchase 

 

Simcoe Partners, L.P.

 

228,920 14.5300 12/19/2018
74,512 13.7006 12/21/2018
3,651 13.4991 12/26/2018
36,509 13.6293 12/27/2018
94,628 13.6891 12/28/2018
11,362 13.8041 12/31/2018

 

SDR PArtners, LLC

 

11,080 14.5300 12/19/2018
488 13.7006 12/21/2018
149 13.4991 12/26/2018
1,577 13.6293 12/27/2018
4,087 13.6891 12/28/2018
762 13.8041 12/31/2018