UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934

(Amendment No. 5)*

 

CSS Industries, Inc.

 

(Name of Issuer)

 

Common Stock, $0.10 par value

 

(Title of Class of Securities)

 

125906107

 

(CUSIP Number)

 

Richard A. Bernstein

Andrew D. Siegel

Ribs Capital, LLC

18 Rockledge Road

Rye, New York 10580

914-305-3190

 

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

February 28, 2020

 

(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 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.

 

 

 

CUSIP No. 125906107 Page 2 of 8 Pages

  

1

NAME OF REPORTING PERSONS

 

Ribs Capital, LLC

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) x

(b) ¨

3 SEC USE ONLY
4

SOURCE OF FUNDS

 

WC

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING 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

 

- 0 -

9

SOLE DISPOSITIVE POWER

 

- 0 -

10

SHARED DISPOSITIVE POWER

 

- 0 -

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

 

- 0 -

12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨ 
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0%

14

TYPE OF REPORTING PERSON

 

OO

       

 

CUSIP No. 125906107 Page 3 of 8 Pages

 

1

NAME OF REPORTING PERSONS

 

Purple Stream LLC

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) x

(b) ¨

3 SEC USE ONLY
4

SOURCE OF FUNDS

 

AF

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING 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

 

- 0 -

9

SOLE DISPOSITIVE POWER

 

- 0 -

10

SHARED DISPOSITIVE POWER

 

- 0 -

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

 

- 0 -

12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨ 
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0%

14

TYPE OF REPORTING PERSON

 

OO

       

 

CUSIP No. 125906107 Page 4 of 8 Pages

 

1

NAME OF REPORTING PERSONS

 

Richard A. Bernstein

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) x

(b) ¨

3 SEC USE ONLY
4

SOURCE OF FUNDS

 

AF

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING 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

 

- 0 -

8

SHARED VOTING POWER

 

- 0 -

9

SOLE DISPOSITIVE POWER

 

- 0 -

10

SHARED DISPOSITIVE POWER

 

- 0 -

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

 

- 0 -

12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨ 
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0%

14

TYPE OF REPORTING PERSON

 

IN

       

 

CUSIP No. 125906107 Page 5 of 8 Pages

 

1

NAME OF REPORTING PERSONS

 

Andrew Siegel

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) x

(b) ¨

3 SEC USE ONLY
4

SOURCE OF FUNDS

 

AF

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING 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

 

- 0 -

8

SHARED VOTING POWER

 

- 0 -

9

SOLE DISPOSITIVE POWER

 

- 0 -

10

SHARED DISPOSITIVE POWER

 

- 0 -

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

 

- 0 -

12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨ 
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0%

14

TYPE OF REPORTING PERSON

 

IN

       

 

CUSIP No. 125906107 Page 6 of 8 Pages

 

Item 1. Security and Issuer.

 

This Amendment No. 5 (this “Amendment”) amends certain Items of the statement on Schedule 13D filed with the Securities and Exchange Commission (the “SEC”) on October 21, 2019 (the “Original 13D”), as amended by the Schedule 13D/A filed with the SEC on November 4, 2019 (“Amendment No. 1”), as amended by the Schedule 13D/A filed with the SEC on January 9, 2020 (“Amendment No. 2”), as amended by the Schedule 13D/A filed with the SEC on January 21, 2020 (“Amendment No. 3”), as amended by the Schedule 13D/A filed with the SEC on January 31, 2020 (“Amendment No. 4” and, together with the Original 13D, Amendment No. 1, Amendment No. 2, and Amendment No. 3, the “Amended 13D”) by Ribs Capital LLC, a Delaware corporation (“Ribs Capital”) and others relates to the common stock, $0.10 par value per share (the “Shares”), of CSS Industries, Inc., a Delaware corporation (the “Company”) by furnishing the information set forth below. Except as set forth below, all previous Items are unchanged. Capitalized terms used but not defined herein shall have the meanings ascribed in the Amended 13D.

 

Item 4. Purpose of the Transaction.

 

On February 28, 2020, IG Design Group Americas, Inc. (“Parent”) via its wholly owned subsidiary, TOM MERGER SUB INC (the “Merger Sub”) concluded it offer to purchase all of the outstanding shares of common stock of the Company (the “Offer”) pursuant to the previously announced Agreement and Plan of Merger, dated as of January 20, 2020 (the "Merger Agreement"), by and among the Company, the Parent, the Merger Sub, and IG Design Group Plc, a public limited company incorporated and registered in England and Wales.

 

All of the Shares held by the Reporting Persons were tendered in the Offer in exchange for $9.40 per share. As a result, the Reporting Persons no longer beneficially own any Shares.

 

Item 5. Interest in Securities of the Issuer.

 

Item 5 of the Amended 13D is hereby amended and supplemented by adding the following information:

 

(a), (b)

 

As of the date hereof, none of the Reporting Persons own any Shares.

 

(c) On February 28, 2020, each Share beneficially owned by the Reporting Persons was tendered in the Offer in exchange for $9.40 per share.

 

(e) As of February 28, 2020, the Reporting Persons ceased to beneficially own more than 5% of the outstanding Shares.

 

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

 

Item 6 of the Amended 13D is hereby amended and supplemented by adding the following information:

 

The disclosure contained in Item 4 is incorporated herein by reference.

 

 

CUSIP No. 125906107 Page 7 of 8 Pages

 

Item 7. Material to be Filed as Exhibits.

 

99.1 Joint Filing Agreement, dated March 2, 2020, between Ribs Capital, LLC, Purple Stream LLC, Richard A. Bernstein, and Andrew Siegel.

  

 

 

 

 

 

CUSIP No. 125906107 Page 8 of 8 Pages

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Amendment is true, complete and correct.

 

Dated: March 2, 2020

 

 

  RIBS CAPITAL, LLC  
     By: Purple Stream LLC, as Managing Member   
       
  By: /s/ Richard A. Bernstein  
  Name: Richard A. Bernstein  
  Title: Manager  

 

 

  PURPLE STREAM LLC  
        
       
  By: /s/ Richard A. Bernstein  
  Name:   Richard A. Bernstein  
  Title: Manager  

 

 

  RICHARD A. BERNSTEIN  
       
    /s/ Richard A. Bernstein  
       

 

 

  ANDREW SIEGEL  
       
    /s/ Andrew Siegel  
       

 

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