(Amendment No. 1)*
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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. ☐
*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 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. 53222Q103
|
SCHEDULE 13D
|
Page 2 of 18
|
1
|
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Taylor Parent, LLC
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
o
(b) ☐
|
3
|
SEC USE ONLY
|
|
4
|
SOURCE OF FUNDS
OO (See item 3)
|
|
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
5,593,116
|
8
|
SHARED VOTING POWER
None
|
9
|
SOLE DISPOSITIVE POWER
5,593,116
|
10
|
SHARED DISPOSITIVE POWER
None
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,593,116
|
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.0%
|
|
14
|
TYPE OF REPORTING PERSON
OO
|
|
CUSIP No. 53222Q103
|
SCHEDULE 13D
|
Page 3 of 18
|
1
|
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CP Taylor GP, LLC
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
o
(b) ☐
|
3
|
SEC USE ONLY
|
|
4
|
SOURCE OF FUNDS
Not applicable
|
|
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
5,593,116
|
8
|
SHARED VOTING POWER
None
|
9
|
SOLE DISPOSITIVE POWER
5,593,116
|
10
|
SHARED DISPOSITIVE POWER
None
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,593,116
|
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.0%
|
|
14
|
TYPE OF REPORTING PERSON
OO
|
|
CUSIP No. 53222Q103
|
SCHEDULE 13D
|
Page 4 of 18
|
1
|
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Centre Capital Investors V, L.P.
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
o
(b) ☐
|
3
|
SEC USE ONLY
|
|
4
|
SOURCE OF FUNDS
Not applicable
|
|
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
29,329
|
8
|
SHARED VOTING POWER
None
|
9
|
SOLE DISPOSITIVE POWER
|
10
|
SHARED DISPOSITIVE POWER
None
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.14%
|
|
14
|
TYPE OF REPORTING PERSON
OO
|
|
CUSIP No. 53222Q103
|
SCHEDULE 13D
|
Page 5 of 18
|
1
|
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Centre Partners V, L.P.
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
o
(b) ☐
|
3
|
SEC USE ONLY
|
|
4
|
SOURCE OF FUNDS
Not applicable
|
|
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
5,622,445
|
8
|
SHARED VOTING POWER
None
|
9
|
SOLE DISPOSITIVE POWER
|
10
|
SHARED DISPOSITIVE POWER
None
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.1%
|
|
14
|
TYPE OF REPORTING PERSON
OO
|
|
CUSIP No. 53222Q103
|
SCHEDULE 13D
|
Page 6 of 18
|
1
|
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Centre Partners V LLC
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
o
(b) ☐
|
3
|
SEC USE ONLY
|
|
4
|
SOURCE OF FUNDS
Not applicable
|
|
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
|
8
|
SHARED VOTING POWER
None
|
9
|
SOLE DISPOSITIVE POWER
|
10
|
SHARED DISPOSITIVE POWER
None
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.1%
|
|
14
|
TYPE OF REPORTING PERSON
OO
|
|
CUSIP No. 53222Q103
|
SCHEDULE 13D
|
Page 7 of 18
|
1
|
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
JRJ V LP
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
o
(b) ☐
|
3
|
SEC USE ONLY
|
|
4
|
SOURCE OF FUNDS
Not applicable
|
|
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
|
8
|
SHARED VOTING POWER
None
|
9
|
SOLE DISPOSITIVE POWER
|
10
|
SHARED DISPOSITIVE POWER
None
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.1%
|
|
14
|
TYPE OF REPORTING PERSON
OO
|
|
CUSIP No. 53222Q103
|
SCHEDULE 13D
|
Page 8 of 18
|
1
|
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Harwich Road V LP
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
o
(b) ☐
|
3
|
SEC USE ONLY
|
|
4
|
SOURCE OF FUNDS
Not applicable
|
|
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
|
8
|
SHARED VOTING POWER
None
|
9
|
SOLE DISPOSITIVE POWER
|
10
|
SHARED DISPOSITIVE POWER
None
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.1%
|
|
14
|
TYPE OF REPORTING PERSON
OO
|
|
CUSIP No. 53222Q103
|
SCHEDULE 13D
|
Page 9 of 18
|
1
|
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
JRJ Inc.
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
o
(b) ☐
|
3
|
SEC USE ONLY
|
|
4
|
SOURCE OF FUNDS
Not applicable
|
|
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
|
8
|
SHARED VOTING POWER
None
|
9
|
SOLE DISPOSITIVE POWER
|
10
|
SHARED DISPOSITIVE POWER
None
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.1%
|
|
14
|
TYPE OF REPORTING PERSON
OO
|
|
CUSIP No. 53222Q103
|
SCHEDULE 13D
|
Page 10 of 18
|
1
|
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Harwich Road Inc.
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
o
(b) ☐
|
3
|
SEC USE ONLY
|
|
4
|
SOURCE OF FUNDS
Not applicable
|
|
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
|
8
|
SHARED VOTING POWER
None
|
9
|
SOLE DISPOSITIVE POWER
|
10
|
SHARED DISPOSITIVE POWER
None
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.1%
|
|
14
|
TYPE OF REPORTING PERSON
OO
|
|
CUSIP No. 53222Q103
|
SCHEDULE 13D
|
Page 11 of 18
|
1
|
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bruce G. Pollack
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
o
(b) ☐
|
3
|
SEC USE ONLY
|
|
4
|
SOURCE OF FUNDS
Not applicable
|
|
5
|
CHECK BOX 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
5,629,531
|
8
|
SHARED VOTING POWER
None
|
9
|
SOLE DISPOSITIVE POWER
|
10
|
SHARED DISPOSITIVE POWER
None
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.1%
|
|
14
|
TYPE OF REPORTING PERSON
IN
|
|
CUSIP No. 53222Q103
|
SCHEDULE 13D
|
Page 12 of 18
|
1
|
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David L. Jaffe
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
o
(b) ☐
|
3
|
SEC USE ONLY
|
|
4
|
SOURCE OF FUNDS
Not applicable
|
|
5
|
CHECK BOX 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
|
8
|
SHARED VOTING POWER
None
|
9
|
SOLE DISPOSITIVE POWER
|
10
|
SHARED DISPOSITIVE POWER
None
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.1%
|
|
14
|
TYPE OF REPORTING PERSON
IN
|
|
CUSIP No. 53222Q103
|
SCHEDULE 13D
|
Page 13 of 18
|
Item 1. Security and Issuer.
This Amendment No. 1 to Schedule 13D (this “Amendment”) amends and supplements the Schedule 13D (“Schedule 13D Statement”) as previously filed with the Securities and Exchange Commission by the undersigned Reporting Persons on March 9, 2018, with respect to common stock, par value $0.01 per share (“Common Stock”), of Lifetime Brands, Inc. (the “Issuer”), a Delaware corporation, with principal executive offices at 1000 Stewart Avenue, Garden City, New York 11530.
Item 2. Identity and Background.
Item 2 is hereby amended and restated in its entirety as follows:
(a) – (c), (f)
This Schedule 13D is filed as a joint statement pursuant to Rule 13d-1(k) under the Act by each of the following persons (collectively, the “Reporting Persons”):
|
(i)
|
Taylor Parent, LLC, a Delaware limited liability company (“Taylor Parent”), whose principal business is to hold the shares reported herein;
|
|
(ii)
|
CP Taylor GP, LLC, a Delaware limited liability company (“CP Taylor”), whose principal business is to appoint the board of directors of Taylor Parent;
|
|
(iii)
|
Centre Capital Investors V, L.P., a Delaware limited partnership (“Centre Investors”), whose principal business is to make investments in securities, including the Common Stock;
|
|
(iv)
|
Centre Partners V, L.P., a Delaware limited partnership (“Centre Partners LP”), the sole member of CP Taylor and general partner of Centre Investors;
|
|
(v)
|
Centre Partners V LLC, a Delaware limited liability company (“Centre Partners”), which is the general partner of Centre Partners LP;
|
|
(vi)
|
JRJ V LP, a Delaware limited partnership (“JRJ LP”), which serves as co-manager of Centre Partners;
|
|
(vii)
|
Harwich Road V LP, a Delaware limited partnership (“Harwich Road LP”), which serves as co-manager of Centre Partners;
|
|
(viii)
|
JRJ Inc., a Delaware corporation (“JRJ”), which serves as the general partner of JRJ LP;
|
|
(ix)
|
Harwich Road Inc., a Delaware corporation (“Harwich Road”), which serves as general partner of Harwich Road LP;
|
|
(x)
|
Bruce G. Pollack, who serves as the President of JRJ; and
|
|
(xi)
|
David L. Jaffe, who serves as the President of Harwich Road.
|
Set forth in the attached Annex A is a listing of the directors, executive officers, members and general partners, as applicable, of each Reporting Person (collectively, the “Covered Persons”), and is incorporated herein by reference. Each of the Covered Persons that is a natural person is a United States citizen.
The principal business address of each of the Reporting Persons and each Covered Person is c/o Centre Partners Management LLC, 825 Third Avenue, 40th Floor, New York, New York 10022.
(d)-(e)
During the last five years, none of the Reporting Persons, or to the best of their knowledge, any Covered Persons (i) has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceedings was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
CUSIP No. 53222Q103
|
SCHEDULE 13D
|
Page 14 of 18
|
Item 3. Source or Amount of Funds or Other Consideration.
Item 3 is hereby amended by adding the following disclosure:
The shares of Common Stock to be purchased by Centre Investors will be purchased with working capital in open market transactions.
Item 4. Purpose of Transaction.
No material change.
Item 5. Interest in Securities of the Issuer.
The percentages in this Item 5 assume there is a total of 20,762,149 shares of Common Stock outstanding as of October 31, 2018.
(a) and (b)
The information contained on the cover pages of this Schedule 13D is incorporated herein by reference.
Taylor Parent directly holds 5,593,116 shares of Common Stock and has sole power to vote and dispose of such shares of Common Stock.
CUSIP No. 53222Q103
|
SCHEDULE 13D
|
Page 15 of 18
|
CP Taylor, which appoints the board of directors of Taylor Parent, has the ability to direct the management of Taylor Parent’s business, including the power to direct the decisions of Taylor Parent regarding the vote and disposition of securities held by Taylor Parent; therefore, CP Taylor may be deemed to have indirect beneficial ownership of the shares of Common Stock held by Taylor Parent.
Centre Investors directly holds 29,329 shares of Common Stock and has sole power to vote and dispose of such shares of Common Stock.
Centre Partners LP, in its capacity as sole member of CP Taylor and general partner of Centre Investors, has the ability to direct the management of CP Taylor’s and Centre Investors’ business, including the power to direct the decisions of CP Taylor and Centre Investors regarding the vote and disposition of securities held by Taylor Parent and Centre Investors; therefore, Centre Partners LP may be deemed to have indirect beneficial ownership of the shares of Common Stock held by Taylor Parent and Centre Investors.
Centre Partners, in its capacity as the general partner of Centre Partners LP, has the ability to direct the management of Centre Partners LP’s business, including the power to direct the decisions of Centre Partners LP regarding the vote and disposition of securities held by Taylor Parent and Centre Investors; therefore, Centre Partners may be deemed to have indirect beneficial ownership of the shares of Common Stock held by Taylor Parent and Centre Investors.
JRJ LP and Harwich Road LP, in their capacity as co-managers of Centre Partners, have the ability to direct the management of Centre Partners’ business, including the power to direct the decisions of Centre Partners regarding the vote and disposition of securities held by Taylor Parent and Centre Investors; therefore, JRJ LP and Harwich Road LP may be deemed to have indirect beneficial ownership of the shares of Common Stock held by Taylor Parent and Centre Investors.
JRJ, in its capacity as the general partner of JRJ LP, has the ability to direct the management of JRJ LP’s business, including the power to direct the decisions of JRJ LP regarding the vote and disposition of securities held by Taylor Parent and Centre Investors; therefore, JRJ may be deemed to have indirect beneficial ownership of the shares of Common Stock held by Taylor Parent and Centre Investors.
Harwich Road, in its capacity as the general partner of Harwich Road LP, has the ability to direct the management of Harwich Road LP’s business, including the power to direct the decisions of Harwich Road LP regarding the vote and disposition of securities held by Taylor Parent and Centre Investors; therefore, Harwich Road may be deemed to have indirect beneficial ownership of the shares of Common Stock held by Taylor Parent and Centre Investors.
Bruce G. Pollack, in his capacity as the President of JRJ, has the ability to direct the management of JRJ’s business, including the power to direct the decisions of JRJ regarding the vote and disposition of securities held by Taylor Parent and Centre Investors; therefore, Mr. Pollack may be deemed to have indirect beneficial ownership of the shares of Common Stock held by Taylor Parent and Centre Investors.
David L. Jaffe, in his capacity as the President of Harwich Road, has the ability to direct the management of Harwich Road’s business, including the power to direct the decisions of Harwich Road regarding the vote and disposition of securities held by Taylor Parent and Centre Investors; therefore, Mr. Jaffe may be deemed to have indirect beneficial ownership of the shares of Common Stock held by Taylor Parent and Centre Investors.
CUSIP No. 53222Q103
|
SCHEDULE 13D
|
Page 16 of 18
|
With respect to the shares of Common Stock reported herein, each of the Reporting Persons may be deemed to have sole voting and dispositive power or the sole power to direct the vote and disposition of the number of shares of Common Stock which such Reporting Person may be deemed to beneficially own as set forth above.
Neither the filing of this Schedule 13D nor any of its contents shall be deemed to constitute an admission by any of the Reporting Persons, other than Taylor Parent and Centre Investors, that it is the beneficial owner of any of the shares of Common Stock referred to herein for the purposes of Section 13(d) of the Act, or for any other purpose, and, except to the extent of its pecuniary interest, such beneficial ownership is expressly disclaimed by each Reporting Person, other than Taylor Parent and Centre Investors.
To the knowledge of the Reporting Persons, none of the Covered Persons directly owns any shares of Common Stock; provided, however, that because of each Covered Person's status as a director, executive officer, member or general partner of a Reporting Person, a Covered Person may be deemed to be the beneficial owner of the shares of Common Stock beneficially owned by such Reporting Person. Except to the extent of their pecuniary interest, each of the Covered Persons disclaims beneficial ownership of the shares of the Issuer’s Common Stock reported herein and the filing of this Schedule 13D shall not be construed as an admission that any such Covered Person is the beneficial owner of any securities covered by this statement.
(c) Centre Investors purchased in open market transactions 5,212 shares of Common Stock at a weighted-average price of $10.225 per share on November 12, 2018, 15,041 shares of Common Stock at a weighted-average price of $10.2324 per share on November 13, 2018, 7,960 shares of Common Stock at a weighted-average price of $10.3724 per share on November 14, 2018 and 1,116 shares of Common Stock at a weighted-average price of $10.4848 per share on November 15, 2018.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
Item 6 is hereby amended by adding the following disclosure:
On November 9, 2018, Taylor Parent, Centre Investors and the Issuer entered into a letter agreement and joinder (the “Letter Agreement”), whereby (a) the Issuer agreed to waive (i) solely with respect to the acquisition by Centre Investors of up to 400,000 shares of Common Stock (such shares, the “Additional Shares”) in open market purchases (such purchases, the “Proposed Transactions”) and solely to the extent such Proposed Transactions are consummated during the one-year period following the execution of the Letter Agreement (the “Waiver Period”), the restriction set forth in the Stockholders Agreement preventing Taylor Parent and its related persons from purchasing any shares of Common Stock through and including December 31, 2019, and (ii) the transfer restrictions set forth in the Stockholders Agreement with respect to the Additional Shares acquired during the Waiver Period and (b) Centre Investors became a party to, and agreed to be bound by the terms of, the Stockholders Agreement as modified by the Letter Agreement. The parties to the Letter Agreement also agreed that Centre Investors will be subject to the Issuer’s blackout periods with respect to any Proposed Transaction consistent with the Issuer’s policies. Pursuant to the Letter Agreement, the parties agreed that any Additional Shares shall not be counted under the Stockholders Agreement in determining the number of shares of Common Stock beneficially owned by Taylor Parent for purposes of the appointment of board members by Taylor Parent.
The foregoing summary of the Letter Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Letter Agreement, which is filed as an Exhibit hereto, which is incorporated herein by reference.
Item 7. Material to Be Filed as Exhibits.
The following are filed herewith as Exhibits to this Schedule 13D:
CUSIP No. 53222Q103
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SCHEDULE 13D
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Page 17 of 18
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
Dated: November 15, 2018
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Taylor Parent, LLC
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By:
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/s/ William Tomai
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Name: William Tomai
Title: Treasurer
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CP Taylor GP, LLC
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By:
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/s/ Michael Schnabel
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Name: Michael Schnabel
Title: Authorized Person
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Centre Capital Investors V, L.P.
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By:
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/s/ Bruce Pollack
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Name: Bruce Pollack
Title: Authorized Person
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Centre Partners V, L.P.
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By:
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Centre Partners V LLC
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Its:
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general partner
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By:
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/s/ William Tomai
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Name: William Tomai
Title: Authorized Person
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Centre Partners V LLC
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By:
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/s/ William Tomai
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Name: William Tomai
Title: Authorized Person
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JRJ V LP
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By:
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JRJ Inc.
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Its:
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general partner
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By:
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/s/ Bruce G. Pollack
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Name: Bruce G. Pollack
Title: President
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CUSIP No. 53222Q103
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SCHEDULE 13D
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Page 18 of 18
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Harwich Road V LP
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By:
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Harwich Road Inc.
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Its:
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general partner
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By:
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/s/ David L. Jaffe
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Name: David L. Jaffe
Title: President
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JRJ Inc.
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By:
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/s/ Bruce G. Pollack
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Name: Bruce G. Pollack
Title: President
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Harwich Road Inc.
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By:
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/s/ David L. Jaffe
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Name: David L. Jaffe
Title: President
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Bruce G. Pollack
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By:
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/s/ Bruce G. Pollack
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Name: Bruce G. Pollack
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David L. Jaffe
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By:
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/s/ David L. Jaffe
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Name: David L. Jaffe
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ANNEX A
Taylor Parent, LLC
Set forth below are the officers and directors of Taylor Parent, LLC.
Name
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Principal Occupation
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Bruce G. Pollack
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President and Director
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William Tomai
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Treasurer
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Dan Brinkenhoff
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Secretary and Director
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Michael Schnabel
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Senior Vice President and Director
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CP Taylor GP, LLC
Centre Partners V, L.P. is the sole member of CP Taylor GP, LLC.
Centre Capital Investors V, L.P.
Centre Partners V, L.P. is the general partner of Centre Capital Investors V, L.P.
Centre Partners V, L.P.
Centre Partners V LLC is the general partner of Centre Partners V, L.P.
Centre Partners V LLC
JRJ V LP and Harwich Road V LP are the co-managers of Centre Partners V LLC.
JRJ V LP
The general partner of JRJ V LP is JRJ Inc.
Harwich Road V LP
The general partner of Harwich Road V LP is Harwich Road Inc.
JRJ Inc.
The President of JRJ Inc. is Bruce G. Pollack.
Harwich Road Inc.
The President of Harwich Road Inc. is David L. Jaffe.
JOINT ACQUISITION STATEMENT
PURSUANT TO RULE 13D-1(k)(1)
The undersigned acknowledge and agree that the foregoing statement on Schedule 13D is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13D shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him, her or it contained herein, but shall not be responsible for the completeness and accuracy of the information concerning the other entities or persons, except to the extent that he, she or it knows or has reason to believe that such information is accurate.
Dated: November 15, 2018
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Taylor Parent, LLC
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By:
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/s/ William Tomai
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Name: William Tomai
Title: Treasurer
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CP Taylor GP, LLC
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By:
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/s/ Michael Schnabel
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Name: Michael Schnabel
Title: Authorized Person
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Centre Capital Investors V, L.P.
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By:
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/s/ Bruce Pollack
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Name: Bruce Pollack
Title: Authorized Person
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Centre Partners V, L.P.
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By:
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Centre Partners V LLC
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Its:
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general partner
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By:
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/s/ William Tomai
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Name: William Tomai
Title: Authorized Person
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Centre Partners V LLC
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By:
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/s/ William Tomai
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Name: William Tomai
Title: Authorized Person
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JRJ V LP
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By:
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JRJ Inc.
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Its:
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general partner
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By:
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/s/ Bruce G. Pollack
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Name: Bruce G. Pollack
Title: President
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Harwich Road V LP
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By:
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Harwich Road Inc.
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Its:
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general partner
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By:
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/s/ David L. Jaffe
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Name: David L. Jaffe
Title: President
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JRJ Inc.
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By:
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/s/ Bruce G. Pollack
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Name: Bruce G. Pollack
Title: President
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Harwich Road Inc.
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By:
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/s/ David L. Jaffe
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Name: David L. Jaffe
Title: President
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Bruce G. Pollack
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By:
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/s/ Bruce G. Pollack
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Name: Bruce G. Pollack
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David L. Jaffe
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By:
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/s/ David L. Jaffe
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Name: David L. Jaffe
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