This Amendment No. 6 amends the Statement on Schedule 13D first filed with the
Securities and Exchange Commission on March 28, 2014, as amended on July 3, 2014, November 26, 2014, March 27, 2017, February 27, 2018 and July 17, 2018 (the
13D
), and is filed by Jefferies Financial
Group Inc. (
Jefferies
) with respect to the common stock, par value $0.01 per share (the
Common Stock
), of Spectrum Brands Holdings, Inc. (Spectrum) owned by Jefferies and its controlled subsidiaries.
Capitalized terms used herein and not otherwise defined shall have the meaning ascribed to them in the 13D.
Item 1.
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Security and Issuer
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Spectrum Brands Holdings, Inc.
3001 Deming Way, Middleton,
Wisconsin 53562
Common Stock, par value $0.01per share
Item 4.
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Purpose of the Transaction
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The information set forth under Item 6 is incorporated herein by reference.
Item 5.
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Interest in Securities of the Issuer
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On July 13, 2018, the Merger and the other transactions described in Amendment No. 4 to 13D were consummated and Jefferies acquired 7,965 shares of
Common Stock in respect of 7,965 shares of common stock of Spectrum Brands Legacy, Inc. (formerly, Spectrum Brands Holdings, Inc.) as merger consideration. In addition, on September 18, 2018, 184 shares of Common Stock held in a
co-managed
account were transferred out of our control and on November 5, 2018, we sold 1,779 Common Shares at a weighted average price of $66.02 per share in open market transactions. The following sets for the
number of shares of Common Stock as to which Jefferies currently has:
Sole power to vote or to direct the vote: 0
Shared power to vote or to direct the vote: 7,525,666
Sole power to dispose or to direct the disposition of: 0
Shared power to dispose or to direct the disposition of: 7,525,666
As of the date hereof, Jefferies beneficially owns 7,525,666 shares of Common Stock representing approximately 14.1% of Spectrums outstanding Common
Stock.
Item 6.
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Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
.
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On July 13, 2018, the Merger and the other transactions described in Amendment No. 4 to 13D were consummated and Jefferies
entered into the Leucadia Shareholder Agreement as described in Amendment No. 4 to 13D (the Shareholder Agreement). On November 19, 2018, we and Spectrum amended the Shareholder Agreement to allow Jefferies to own up to 19.9%
of Spectrums Common Stock (up from the 15% standstill contained in the Shareholder Agreement). Also, as part of the amended Shareholder Agreement, Jefferies agreed to vote its Common Shares consistent with the recommendations of the Spectrum
Board of Directors at Spectrums 2019 annual meeting of shareholders.
The foregoing summary of the amended Shareholder Agreement does not purport to
be complete and is qualified in its entirety by the full text of such agreement which is incorporated herein by reference and attached hereto as Exhibit 99.1.
Item 7.
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Material to be Filed as Exhibits
.
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99.1
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Amendment to Shareholder Agreement, effective as of November 19, 2018, by and between Spectrum Brands Holdings, Inc. and Jefferies Financial Group Inc.
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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.
Dated: November 19, 2018
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Jefferies Financial Group Inc.
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By:
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/s/ Roland T. Kelly
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Roland T. Kelly
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Associate General Counsel and
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Assistant Secretary
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