If the filing
person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Sections
240.13d-1(e),
240.13d-1(f)
or
240.13d-1(g),
check the following box. ☐
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).
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1
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NAMES OF
REPORTING PERSONS
Clayton, Dubilier & Rice Fund VIII, L.P.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (SEE INSTRUCTIONS)
(a) ☒ (b) ☐
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
OO
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5
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CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
OR 2(e) ☐
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6
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Cayman Islands
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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7
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SOLE VOTING POWER
0
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8
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SHARED VOTING POWER
22,744,824 (see Item 5)(1)
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9
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SOLE DISPOSITIVE POWER
0
|
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10
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SHARED DISPOSITIVE POWER
22,744,824 (see Item 5)(1)
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
22,744,824 (see Item 5)(1)
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12
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CHECK IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☒
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)
34.59%(2)
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14
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TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS)
PN
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(1)
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Clayton, Dubilier & Rice Fund VIII, L.P. (Fund VIII) holds 22,744,824 shares of common stock, par value $0.01 per share (Common Stock and shares thereof, the Common Shares),
of NCI Building Systems, Inc., a Delaware corporation (the Company or the Issuer). Fund VIIIs voting percentage is 34.59%, calculated based on 65,748,805 shares of Common Stock outstanding as of December 13, 2017.
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(2)
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Based on 65,748,805 shares of common stock, par value $0.01 per share (Shares), of NCI Building Systems, Inc., a Delaware corporation (the Company or the Issuer), outstanding on
December 13, 2017 after giving effect to the retirement of the Common Shares purchased by the Company pursuant to the Underwriting Agreement (as defined herein).
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2
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1
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NAMES OF
REPORTING PERSONS
CD&R Friends & Family Fund VIII, L.P.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (SEE INSTRUCTIONS)
(a) ☒ (b) ☐
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
OO
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5
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CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
OR 2(e) ☐
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6
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Cayman Islands
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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7
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SOLE VOTING POWER
0
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8
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SHARED VOTING POWER
56,939 (see Item 5)(1)
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9
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SOLE DISPOSITIVE POWER
0
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10
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SHARED DISPOSITIVE POWER
56,939 (see Item 5)(1)
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
56,939 (see Item 5)(1)
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12
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CHECK IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☒
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)
0.09%(2)
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14
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TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS)
PN
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(1)
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CD&R Friends & Family Fund VIII, L.P. (F&F Fund VIII) holds 56,939 shares of Common Stock of the Issuer. F&F Fund VIIIs voting percentage is 0.08%, calculated based on 65,748,805
shares of Common Stock outstanding as of December 13, 2017.
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(2)
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Based on 65,748,805 Shares of the Company outstanding on December 13, 2017 after giving effect to the retirement of the Common Shares purchased by the Company pursuant to the Underwriting Agreement (as defined
herein).
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3
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1
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NAMES OF
REPORTING PERSONS
CD&R Associates VIII, Ltd.
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2
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|
CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (SEE INSTRUCTIONS)
(a) ☐ (b) ☒
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
OO
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5
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CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
OR 2(e) ☐
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6
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Cayman Islands
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
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7
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SOLE VOTING POWER
0
|
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8
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SHARED VOTING POWER
22,801,763 (see Item 5)(1)
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9
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SOLE DISPOSITIVE POWER
0
|
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10
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SHARED DISPOSITIVE POWER
22,801,763 (see Item 5)(1)
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
22,801,763 (see Item 5)(1)
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12
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CHECK IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☒
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)
34.68%(2)
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14
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TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS)
IA; CO
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(1)
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CD&R Associates VIII, Ltd. may be deemed to beneficially own Common Shares of the Issuer because it is the general partner of Fund VIII and F&F Fund VIII (the CD&R Funds). The CD&R Funds hold
22,801,763 shares of Common Stock. The CD&R Funds voting percentage is 34.68%, calculated based on 65,748,805 shares of Common Stock outstanding as of December 13, 2017.
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(2)
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Based on 65,748,805 Shares of the Company outstanding on December 13, 2017 after giving effect to the retirement of the Common Shares purchased by the Company pursuant to the Underwriting Agreement (as defined
herein).
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4
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1
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NAMES OF
REPORTING PERSONS
CD&R Associates VIII, L.P.
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2
|
|
CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (SEE INSTRUCTIONS)
(a) ☐ (b) ☒
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3
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SEC USE ONLY
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4
|
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
OO
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5
|
|
CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
OR 2(e) ☐
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6
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Cayman Islands
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
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7
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SOLE VOTING POWER
0
|
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8
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SHARED VOTING POWER
22,801,763 (see Item 5)(1)
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9
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SOLE DISPOSITIVE POWER
0
|
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10
|
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SHARED DISPOSITIVE POWER
22,801,763 (see Item 5)(1)
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11
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
22,801,763 (see Item 5)(1)
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12
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|
CHECK IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☒
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)
34.68%(2)
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14
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TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS)
PN
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(1)
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CD&R Associates VIII, L.P. may be deemed to beneficially own Common Shares of the Issuer because it is the sole shareholder of CD&R Associates VIII, Ltd., the general partner of the CD&R Funds. The CD&R
Funds hold 22,801,763 shares of Common Stock. The CD&R Funds voting percentage is 34.68%, calculated based on 65,748,805 shares of Common Stock outstanding as of December 13, 2017.
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(2)
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Based on 65,748,805 Shares of the Company outstanding on December 13, 2017 after giving effect to the retirement of the Common Shares purchased by the Company pursuant to the Underwriting Agreement (as defined
herein).
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5
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1
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NAMES OF
REPORTING PERSONS
CD&R Investment Associates VIII, Ltd.
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2
|
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (SEE INSTRUCTIONS)
(a) ☐ (b) ☒
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3
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SEC USE ONLY
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4
|
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
OO
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5
|
|
CHECK IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
OR 2(e) ☐
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6
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Cayman Islands
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
|
7
|
|
SOLE VOTING POWER
0
|
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8
|
|
SHARED VOTING POWER
22,801,763 (see Item 5)(1)
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9
|
|
SOLE DISPOSITIVE POWER
0
|
|
10
|
|
SHARED DISPOSITIVE POWER
22,801,763 (see Item 5)(1)
|
11
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
22,801,763 (see Item 5)(1)
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12
|
|
CHECK IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☒
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW (11)
34.68%(2)
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14
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TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS)
CO
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(1)
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CD&R Investment Associates VIII, Ltd. may be deemed to beneficially own Common Shares of the Issuer because it is the general partner of CD&R Associates VIII, L.P., which is the sole shareholder of CD&R
Associates VIII, Ltd., the general partner of the CD&R Funds. The CD&R Funds hold 22,801,763 shares of Common Stock. The CD&R Funds voting percentage is 34.68%, calculated based on 65,748,805 shares of Common Stock outstanding as
of December 13, 2017.
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(2)
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Based on 65,748,805 Shares of the Company outstanding on December 13, 2017 after giving effect to the retirement of the Common Shares purchased by the Company pursuant to the Underwriting Agreement (as defined
herein).
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6
Explanatory Note
This Amendment No. 12 to Schedule 13D (this Amendment No. 12) amends and supplements the Schedule 13D originally filed with the United
States Securities and Exchange Commission (the SEC) on October 30, 2009 (the Initial Statement), as amended prior to the date hereof (as so amended, the Statement). This Amendment No. 12 is being filed
on behalf of the reporting persons (the Reporting Persons) identified on the cover pages of this Amendment No. 12.
Item 1.
Security and Issuer
Item 1 is hereby amended as follows:
This Amendment No. 12 is being filed with respect to shares of Common Stock held by the Reporting Persons. Such shares were issued to the Reporting
Persons upon conversion of the shares of Series B Cumulative Convertible Participating Preferred Stock, as further disclosed in Amendment No. 9 to the Statement, as filed with the SEC on May 14, 2013.
Item 2. Identity and Background
The agreement among
the Reporting Persons relating to the joint filing of this Amendment No. 12 is attached as Exhibit 1 hereto.
Item 4. Purposes of the
Transaction.
Item 4 is hereby amended and supplemented by adding the following
:
Pursuant to an Underwriting Agreement, dated December 11, 2017 (the Underwriting Agreement), among Clayton, Dubilier & Rice Fund
VIII, L.P. (Fund VIII), CD&R Friends & Family Fund VIII, L.P. (F&F Fund VIII, and together with Fund VIII, the CD&R Funds), and Goldman Sachs & Co. LLC (Goldman) and RBC
Capital Markets, LLC (RBC and, together with Goldman, the Underwriters), on December 13, 2017 Fund VIII sold 7,132,145 and F&F Fund VIII sold 17,855 shares of the Companys Common Stock, in each case to the
Underwriters at a price of $19.36 per Share, in a registered offering (the Secondary Offering). Pursuant to the Underwriting Agreement, at the CD&R Funds request, the Company purchased 1,150,000 shares of the Common Stock from the
Underwriters in the Secondary Offering at a price per share equal to the price at which the Underwriters purchased the shares from the CD&R Funds.
7
Pursuant to the Underwriting Agreement, the CD&R Funds have agreed with the Underwriters not to offer or
sell, dispose of or hedge, directly or indirectly, any common stock of the Company without the permission of the Underwriters for a period of 45 days from December 11, 2017, subject to certain exceptions.
The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to the Underwriting
Agreement, which is filed as Exhibit 15 hereto and is incorporated herein by reference.
Except as described in this Item 4 and Item 6 of this Statement
which are incorporated herein by reference, the Reporting Persons have no present plans or proposals that relate to or would result in any of the actions required to be reported herein.
Item 5. Interest in the Securities of the Issuer.
Item 5 is hereby amended and restated in its entirety as follows:
As of the date hereof, each of the Reporting Persons beneficially owns the number and percentage of Shares of the Company then issued and outstanding listed
opposite its name:
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Reporting Person
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Shares Beneficially Owned After
the Offering
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Number
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Percent(1)
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Clayton, Dubilier & Rice Fund VIII, L.P.
|
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22,801,763
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34.59
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%
|
Clayton, Dubilier & Rice Friends & Family Fund VIII, L.P.
|
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56,939
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0.09
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%
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CD&R Associates VIII, Ltd.
|
|
|
22,801,763
|
|
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34.68
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%
|
CD&R Associates VIII, L.P.
|
|
|
22,801,763
|
|
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34.68
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%
|
CD&R Investment Associates VIII, Ltd.
|
|
|
22,801,763
|
|
|
|
34.68
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%
|
(1)
|
Based on 65,748,805 Shares of the Company outstanding on December 13, 2017 after giving effect to the retirement of the Common Shares purchased by the Company pursuant to the Underwriting Agreement.
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Amounts set forth in this Amendment No. 12 do not include certain shares of Common Stock issued to Clayton, Dubilier & Rice,
LLC (CD&R, LLC), as assignee of director compensation payable to certain members of the Issuers board of directors who are affiliated with the CD&R Funds.
CD&R Investment Associates VIII, Ltd. is managed by a
two-person
board of directors. Donald J. Gogel and Kevin J.
Conway, who, as the directors of CD&R Investment Associates VIII, Ltd., may be deemed to share beneficial ownership of the shares of the Issuers Common Stock in which the CD&R Funds have beneficial ownership. Such persons expressly
disclaim such beneficial ownership. Investment and voting decisions with respect to the shares of the Issuers Common Stock held by the CD&R Funds are made by an investment committee of limited partners of CD&R Associates VIII, L.P.,
currently consisting of more than ten individuals (the Investment Committee). The investment professionals who have effective voting
8
control of the Investment Committee are Michael G. Babiarz, Manvinder Singh Banga, James G. Berges, John C. Compton, Kevin J. Conway, Russell P. Fradin, Thomas C. Franco, Kenneth A. Giuriceo,
Donald J. Gogel, Jillian Griffiths, Marco Herbst, Sarah Kim, John Krenicki, Jr., David A. Novak, Paul S. Pressler, Christian Rochat, Ravi Sachdev, Richard J. Schnall, Steven Shapiro, Nathan K. Sleeper, Derek L. Strum, Sonja Terraneo, David H.
Wasserman and Jonathan L. Zrebiac. All members of the Investment Committee expressly disclaim beneficial ownership of the shares of the Issuers Common Stock shown as beneficially owned by the CD&R Funds.
Each of CD&R Associates VIII, L.P., CD&R Associates VIII, Ltd. and CD&R Investment Associates VIII, Ltd. expressly disclaims beneficial ownership
of the shares held by the CD&R Funds and by CD&R, LLC and of stock options held by CD&R, LLC as assignee of director compensation payable to certain of the Issuers directors. The CD&R Funds expressly disclaim beneficial
ownership of the shares of Common Stock held by CD&R, LLC. CD&R, LLC expressly disclaims beneficial ownership of the shares of Common Stock held by the CD&R Funds.
(c) The information set forth in Item 4 is incorporated by reference herein in response to this Item 5(c).
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
Item 6 of the Statement is hereby amended by inserting the following information:
The information set forth in Item 4 above is hereby incorporated by reference in response to Item 6.
Item 7. Material to be filed as exhibits.
Item 7 is hereby amended and supplemented by adding the following:
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Exhibit
Number
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Description of Exhibit
|
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1.
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Joint Filing Agreement, dated as of December 14, 2017 by and between Clayton, Dubilier & Rice Fund VIII, L.P., CD&R Friends & Family Fund VIII, L.P., CD&R Associates VIII, Ltd., CD&R Associates
VIII, L.P. and CD&R Investment Associates VIII, Ltd.
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15.
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Underwriting Agreement, dated December 11, 2017, among NCI Building Systems, Inc., Clayton, Dubilier & Rice Fund VIII, L.P., CD&R Friends & Family Fund VIII, L.P., and Goldman Sachs & Co. LLC and
RBC Capital Markets, LLC (incorporated by reference to Exhibit 1.1 to the Current Report on Form
8-K
of NCI Building Systems, Inc., filed December 14, 2017).
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9
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.
Date: December 14, 2017
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CLAYTON, DUBILIER & RICE FUND VIII, L.P.
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By:
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CD&R Associates VIII, Ltd.,
its
general partner
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/s/ Theresa A. Gore
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Name:
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Theresa A. Gore
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Title:
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Vice President, Treasurer and
Assistant
Secretary
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10
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CD&R
FRIENDS & FAMILY FUND VIII, L.P.
|
|
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By:
|
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CD&R Associates VIII, Ltd.,
its
general partner
|
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By:
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/s/ Theresa A. Gore
|
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Name:
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Theresa A. Gore
|
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Title:
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Vice President, Treasurer and
Assistant
Secretary
|
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CD&R ASSOCIATES VIII, LTD.
|
|
|
By:
|
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/s/ Theresa A. Gore
|
|
|
Name:
|
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Theresa A. Gore
|
|
|
Title:
|
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Vice President, Treasurer and
Assistant
Secretary
|
|
CD&R ASSOCIATES VIII, L.P.
|
|
|
By:
|
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CD&R Investment Associates VIII, Ltd., its general partner
|
|
|
By:
|
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/s/ Theresa A. Gore
|
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Name:
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Theresa A. Gore
|
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Title:
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Vice President, Treasurer and
Assistant
Secretary
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CD&R INVESTMENT ASSOCIATES VIII, LTD.
|
|
|
By:
|
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/s/ Theresa A. Gore
|
|
|
Name:
|
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Theresa A. Gore
|
|
|
Title:
|
|
Vice President, Treasurer and
Assistant
Secretary
|
11