Amended Statement of Beneficial Ownership (sc 13d/a)
February 24 2017 - 5:05PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)*
Cascade
Bancorp
(Name of Issuer)
Common Stock, no par value
(Title and Class of Securities)
147154108
(CUSIP Number)
Jennifer Bellah Maguire
Gibson, Dunn & Crutcher LLP
333 South Grand Avenue
Los Angeles, California 90071-3197
(213) 229-7986
(Name,
Address and Telephone Number of Person Authorized to Receive Notices and Communications)
February 24, 2017
(Date of Event Which Requires Filing of Statement on Schedule 13D)
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), checking the following box. ☐
Note
.
Schedules filed in paper format
shall include a signed original and five copies of the schedule, including all exhibits. See Rule 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. 147154108
|
|
Schedule 13D/A
|
|
Page 2 of 11 Pages
|
|
|
|
|
|
|
|
|
|
(1)
|
|
Name of
Reporting Persons:
I.R.S. Identification No. of Above Persons (entities only):
Green Equity Investors V, 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):
WC
|
|
(5)
|
|
Check Box 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
11,473,443 shares of Common Stock
|
|
|
(9)
|
|
Sole Dispositive Power
0
|
|
|
(10)
|
|
Shared Dispositive Power
11,473,443 shares of Common Stock
|
|
(11)
|
|
Aggregate Amount Beneficially Owned by Each Reporting Person:
11,473,443 shares of Common Stock
|
|
(12)
|
|
Check Box if the Aggregate Amount in
Row (11) Excludes Certain Shares (See Instructions): ☐
|
|
(13)
|
|
Percent of Class Represented by Amount
in Row (11):
15.04% beneficial ownership of the voting stock based on 76,262,497
shares of Common Stock outstanding as of November 2, 2016
|
|
(14)
|
|
Type of Reporting Person (See
Instructions):
PN
|
|
|
|
|
|
|
|
CUSIP No. 147154108
|
|
Schedule 13D/A
|
|
Page 3 of 11 Pages
|
|
|
|
|
|
|
|
|
|
(1)
|
|
Name of
Reporting Persons:
I.R.S. Identification No. of Above Persons (entities only):
Green Equity Investors Side V, 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):
WC
|
|
(5)
|
|
Check Box 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
11,473,443 shares of Common Stock
|
|
|
(9)
|
|
Sole Dispositive Power
0
|
|
|
(10)
|
|
Shared Dispositive Power
11,473,443 shares of Common Stock
|
|
(11)
|
|
Aggregate Amount Beneficially Owned by Each Reporting Person:
11,473,443 shares of Common Stock
|
|
(12)
|
|
Check Box if the Aggregate Amount in
Row (11) Excludes Certain Shares (See Instructions): ☐
|
|
(13)
|
|
Percent of Class Represented by Amount
in Row (11):
15.04% beneficial ownership of the voting stock based on 76,262,497
shares of Common Stock outstanding as of November 2, 2016
|
|
(14)
|
|
Type of Reporting Person (See
Instructions):
PN
|
|
|
|
|
|
|
|
CUSIP No. 147154108
|
|
Schedule 13D/A
|
|
Page 4 of 11 Pages
|
|
|
|
|
|
|
|
|
|
(1)
|
|
Name of
Reporting Persons:
I.R.S. Identification No. of Above Persons (entities only):
GEI Capital V, 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 Box 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
11,473,443 shares of Common Stock
|
|
|
(9)
|
|
Sole Dispositive Power
0
|
|
|
(10)
|
|
Shared Dispositive Power
11,473,443 shares of Common Stock
|
|
(11)
|
|
Aggregate Amount Beneficially Owned by Each Reporting Person:
11,473,443 shares of Common Stock
|
|
(12)
|
|
Check Box if the Aggregate Amount in
Row (11) Excludes Certain Shares (See Instructions): ☐
|
|
(13)
|
|
Percent of Class Represented by Amount
in Row (11):
15.04% beneficial ownership of the voting stock based on 76,262,497
shares of Common Stock outstanding as of November 2, 2016
|
|
(14)
|
|
Type of Reporting Person (See
Instructions):
OO (Limited Liability Company)
|
|
|
|
|
|
|
|
CUSIP No. 147154108
|
|
Schedule 13D/A
|
|
Page 5 of 11 Pages
|
|
|
|
|
|
|
|
|
|
(1)
|
|
Name of
Reporting Persons:
I.R.S. Identification No. of Above Persons (entities only):
Green V Holdings, 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 Box 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
11,473,443 shares of Common Stock
|
|
|
(9)
|
|
Sole Dispositive Power
0
|
|
|
(10)
|
|
Shared Dispositive Power
11,473,443 shares of Common Stock
|
|
(11)
|
|
Aggregate Amount Beneficially Owned by Each Reporting Person:
11,473,443 shares of Common Stock
|
|
(12)
|
|
Check Box if the Aggregate Amount in
Row (11) Excludes Certain Shares (See Instructions): ☐
|
|
(13)
|
|
Percent of Class Represented by Amount
in Row (11):
15.04% beneficial ownership of the voting stock based on 76,262,497
shares of Common Stock outstanding as of November 2, 2016
|
|
(14)
|
|
Type of Reporting Person (See
Instructions):
OO (Limited Liability Company)
|
|
|
|
|
|
|
|
CUSIP No. 147154108
|
|
Schedule 13D/A
|
|
Page 6 of 11 Pages
|
|
|
|
|
|
|
|
|
|
(1)
|
|
Name of
Reporting Persons:
I.R.S. Identification No. of Above Persons (entities only):
Leonard Green & 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 Box 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
11,473,443 shares of Common Stock
|
|
|
(9)
|
|
Sole Dispositive Power
0
|
|
|
(10)
|
|
Shared Dispositive Power
11,473,443 shares of Common Stock
|
|
(11)
|
|
Aggregate Amount Beneficially Owned by Each Reporting Person:
11,473,443 shares of Common Stock
|
|
(12)
|
|
Check Box if the Aggregate Amount in
Row (11) Excludes Certain Shares (See Instructions): ☐
|
|
(13)
|
|
Percent of Class Represented by Amount
in Row (11):
15.04% beneficial ownership of the voting stock based on 76,262,497
shares of Common Stock outstanding as of November 2, 2016
|
|
(14)
|
|
Type of Reporting Person (See
Instructions):
PN
|
|
|
|
|
|
|
|
CUSIP No. 147154108
|
|
Schedule 13D/A
|
|
Page 7 of 11 Pages
|
|
|
|
|
|
|
|
|
|
(1)
|
|
Name of
Reporting Persons:
I.R.S. Identification No. of Above Persons (entities only):
LGP Management, Inc.
|
|
(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 Box 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
11,473,443 shares of Common Stock
|
|
|
(9)
|
|
Sole Dispositive Power
0
|
|
|
(10)
|
|
Shared Dispositive Power
11,473,443 shares of Common Stock
|
|
(11)
|
|
Aggregate Amount Beneficially Owned by Each Reporting Person:
11,473,443 shares of Common Stock
|
|
(12)
|
|
Check Box if the Aggregate Amount in
Row (11) Excludes Certain Shares (See Instructions): ☐
|
|
(13)
|
|
Percent of Class Represented by Amount
in Row (11):
15.04% beneficial ownership of the voting stock based on 76,262,497
shares of Common Stock outstanding as of November 2, 2016
|
|
(14)
|
|
Type of Reporting Person (See
Instructions):
CO
|
|
|
|
|
|
|
|
CUSIP No. 147154108
|
|
Schedule 13D/A
|
|
Page 8 of 11 Pages
|
|
ITEM 1.
|
SECURITY AND ISSUER
|
This Amendment No. 2 to Schedule 13D (this
“
Amendment
”) relates to shares (the “
Shares
”) of Common Stock, no par value per share (the “
Common Stock
”), of Cascade Bancorp, an Oregon corporation (the “
Issuer”
).
The address of the Issuer’s principal executive offices is 1100 N.W. Wall Street, Bend, Oregon 97701.
|
ITEM 2.
|
IDENTITY AND BACKGROUND
|
The disclosure provided in Item 2 of the Schedule 13D amended
hereby is updated to include the following additional disclosure:
|
|
(a)
|
As of the date of this Amendment, (i) GEI V is the record owner of 8,822,279 shares of Common Stock, (ii) GEI Side V is the record owner of 2,646,471 shares of Common Stock, and (iii) LGP is the record
owner of 4,693 shares of Common Stock.
|
|
ITEM 4.
|
PURPOSE OF TRANSACTION
|
The disclosure provided in Item 4 of the Schedule 13D amended
hereby is updated to include the following additional disclosure:
The purpose of this Amendment is to correct the disclosure in Amendment
No. 1 to Schedule 13D, filed on December 8, 2016 (“
Amendment No.
1
”), with respect to the Reporting Persons’ record ownership of 4,693 shares of Common Stock. Amendment No. 1 provided that GEI
V was the record owner of 8,826,972 shares of Common Stock, which number included 4,693 shares of Common Stock (such 4,693 shares, the “
Director Shares
”). LGP acquired the Director Shares on May 9, 2012 and held them in respect
of Michael J. Connolly’s service on the Issuer Board. Connolly at such time was a Partner of LGP. Each of the Reporting Persons disclaims beneficial ownership of the Director Shares.
Except as disclosed in this Item 4, neither GEI V, GEI Side V, LGP, nor any of the other Reporting Persons, has any current plans or proposals
which relate to or would result in any of the events described in clauses (a) through (j) of the instructions to Item 4 of Schedule 13D. The Reporting Persons, however, will take such actions with respect to the Investors’ investments in
the Issuer as deemed appropriate in light of existing circumstances from time to time and reserve the right to dispose of securities of the Issuer, to enter into hedging relationships with respect to such securities, or to formulate other purposes,
plans or proposals in the future depending on market conditions and/or other factors, subject to the passivity commitments described in Item 6 below and applicable regulations governing
non-control
investments
in banks and bank holding companies.
|
|
|
|
|
|
|
CUSIP No. 147154108
|
|
Schedule 13D/A
|
|
Page 9 of 11 Pages
|
|
ITEM 5.
|
INTEREST IN SECURITIES OF THE ISSUER
|
(a) and (b)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reporting
Persons
|
|
Number of
Shares With
Sole Voting and
Dispositive
Power
|
|
|
Number of
Shares With
Shared Voting
and Dispositive
Power
|
|
|
Aggregate
Number of
Shares
Beneficially
Owned
|
|
|
Percentage
of Class
Beneficially
Owned
|
|
|
GEI V
|
|
|
0
|
|
|
|
11,473,443
|
|
|
|
11,473,443
|
|
|
|
15.04
|
%
|
|
GEI Side V
|
|
|
0
|
|
|
|
11,473,443
|
|
|
|
11,473,443
|
|
|
|
15.04
|
%
|
|
LGP
|
|
|
0
|
|
|
|
11,473,443
|
|
|
|
11,473,443
|
|
|
|
15.04
|
%
|
|
Other Reporting Persons
|
|
|
0
|
|
|
|
11,473,443
|
|
|
|
11,473,443
|
|
|
|
15.04
|
%
|
|
|
(c)
|
Other than the shares reported herein, none of the Reporting Persons has effected any transactions involving the Common Stock in the 60 days prior to filing this Amendment.
|
|
ITEM 6.
|
CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER
|
The disclosure provided in Item 6 of the Schedule 13D amended hereby is updated to include the following additional disclosure:
Amendment No. 1 provided that GEI V was the record owner of the Director Shares. LGP acquired the Director Shares on May 9, 2012 and
held them in respect of Michael J. Connolly’s service on the Issuer Board. Connolly at such time was a Partner of LGP. Each of the Reporting Persons disclaims beneficial ownership of the Director Shares.
Other than the matters disclosed above in response to Items 4 and 5 and this Item 6, none of the Reporting Persons is party to any other
contracts, arrangements, understandings or relationships with respect to any securities of the Issuer, including but not limited to the transfer or voting of any of the securities, finder’s fees, joint ventures, loan or option agreements, puts
or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies.
|
|
|
|
|
|
|
CUSIP No. 147154108
|
|
Schedule 13D/A
|
|
Page 10 of 11 Pages
|
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, each of the undersigned certifies that the information set forth in this
Amendment is true, complete and correct.
Dated as of February 24, 2017
|
|
|
|
|
Green Equity Investors V, L.P.
|
|
By:
|
|
GEI Capital V, LLC, its General Partner
|
|
|
|
|
By:
|
|
/S/ A
NDREW
C. G
OLDBERG
|
|
Name:
|
|
Andrew C. Goldberg
|
|
Title:
|
|
Vice President, General Counsel and Secretary
|
|
|
|
Green Equity Investors Side V, L.P.
|
|
By:
|
|
GEI Capital V, LLC, its General Partner
|
|
|
|
|
By:
|
|
/S/ A
NDREW
C. G
OLDBERG
|
|
Name:
|
|
Andrew C. Goldberg
|
|
Title:
|
|
Vice President, General Counsel and Secretary
|
|
|
|
GEI Capital V, LLC
|
|
|
|
|
By:
|
|
/S/ A
NDREW
C. G
OLDBERG
|
|
Name:
|
|
Andrew C. Goldberg
|
|
Title:
|
|
Vice President, General Counsel and Secretary
|
|
|
|
Green V Holdings, LLC
|
|
|
|
|
By:
|
|
/S/ A
NDREW
C. G
OLDBERG
|
|
Name:
|
|
Andrew C. Goldberg
|
|
Title:
|
|
Vice President, General Counsel and Secretary
|
|
|
|
Leonard Green & Partners, L.P.
|
|
By:
|
|
LGP Management, Inc., its General Partner
|
|
|
|
|
By:
|
|
/S/ A
NDREW
C. G
OLDBERG
|
|
Name:
|
|
Andrew C. Goldberg
|
|
Title:
|
|
Vice President, General Counsel and Secretary
|
|
|
|
|
|
|
|
CUSIP No. 147154108
|
|
Schedule 13D/A
|
|
Page 11 of 11 Pages
|
|
|
|
|
|
LGP Management, Inc.
|
|
|
|
|
By:
|
|
/S/ A
NDREW
C. G
OLDBERG
|
|
Name:
|
|
Andrew C. Goldberg
|
|
Title:
|
|
Vice President, General Counsel and Secretary
|
Cascade Bancorp (NASDAQ:CACB)
Historical Stock Chart
From Mar 2024 to Apr 2024
Cascade Bancorp (NASDAQ:CACB)
Historical Stock Chart
From Apr 2023 to Apr 2024
