Amended Statement of Ownership (sc 13g/a)
October 14 2022 - 04:35PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
(Name of Issuer)
Common Shares
(Title of Class of
Securities)
(CUSIP Number)
October 3, 2022
(Date of Event Which Requires Filing
of This Statement)
Check the
appropriate box to designate the rule pursuant to which this
Schedule is filed:
☒
|
Rule
13d-1(b)
|
☒
|
Rule
13d-1(c)
|
☐
|
Rule
13d-1(d)
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*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 the 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. G81276100
|
SCHEDULE 13G
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Page 2 of 8 Pages
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1
|
NAMES OF
REPORTING PERSONS
Select Equity Group, L.P.
|
2
|
CHECK THE
APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ☐
(b) ☐
|
3
|
SEC USE
ONLY
|
4
|
CITIZENSHIP OR
PLACE OF ORGANIZATION
Delaware
|
NUMBER
OF SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
5
|
SOLE VOTING
POWER
0
|
6
|
SHARED VOTING
POWER
|
7
|
SOLE
DISPOSITIVE POWER
0
|
8
|
SHARED
DISPOSITIVE POWER
|
9
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH PERSON
|
10
|
CHECK BOX IF
THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐
|
11
|
PERCENT OF
CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
12
|
TYPE OF
REPORTING PERSON
IA
|
*Beneficial ownership based on 46,245,349 shares of common
shares outstanding as of August 26, 2022, as reported on the
Quarterly Report pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934 on Form 10-Q (“Form 10-Q”) filed with the
Securities and Exchange Commission (the “SEC”) on September 1,
2022.
CUSIP No. G81276100
|
SCHEDULE 13G
|
Page 3 of 8 Pages
|
1
|
NAMES OF
REPORTING PERSONS
SEG Partners II, L.P.
|
2
|
CHECK THE
APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ☐
(b) ☐
|
3
|
SEC USE
ONLY
|
4
|
CITIZENSHIP OR
PLACE OF ORGANIZATION
Delaware
|
NUMBER
OF SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
5
|
SOLE VOTING
POWER
0
|
6
|
SHARED VOTING
POWER
|
7
|
SOLE
DISPOSITIVE POWER
0
|
8
|
SHARED
DISPOSITIVE POWER
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH PERSON
|
10
|
CHECK BOX IF
THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐
|
11
|
PERCENT OF
CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
12
|
TYPE OF
REPORTING PERSON
PN
|
*Beneficial ownership based on 46,245,349 shares of common
shares outstanding as of August 26, 2022, as reported on the Form
10-Q filed with the SEC on September 1, 2022.
CUSIP No. G81276100
|
SCHEDULE 13G
|
Page 4 of 8 Pages
|
1
|
NAMES OF
REPORTING PERSONS
SEG Partners Offshore Master Fund,
Ltd.
|
2
|
CHECK THE
APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ☐
(b) ☐
|
3
|
SEC USE
ONLY
|
4
|
CITIZENSHIP OR
PLACE OF ORGANIZATION
Cayman Islands
|
NUMBER
OF SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
5
|
SOLE VOTING
POWER
0
|
6
|
SHARED VOTING
POWER
2,339,005
|
7
|
SOLE DISPOSITIVE POWER
0
|
8
|
SHARED
DISPOSITIVE POWER
2,339,005
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,339,005
|
10
|
CHECK BOX IF
THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐
|
11
|
PERCENT OF
CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.1%
|
12
|
TYPE OF
REPORTING PERSON
OO
|
* Beneficial ownership based on
46,245,349 shares of common shares outstanding as of August 26,
2022, as reported on the Form 10-Q filed with the SEC on September
1, 2022.
CUSIP No. G81276100
|
SCHEDULE 13G
|
Page 5 of 8 Pages
|
1
|
NAMES OF
REPORTING PERSONS
George S. Loening
|
2
|
CHECK THE
APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ☐
(b) ☐
|
3
|
SEC USE
ONLY
|
4
|
CITIZENSHIP OR
PLACE OF ORGANIZATION
USA
|
NUMBER
OF SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
5
|
SOLE VOTING
POWER
0
|
6
|
SHARED VOTING
POWER
|
7
|
SOLE
DISPOSITIVE POWER
0
|
8
|
SHARED
DISPOSITIVE POWER
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH PERSON
|
10
|
CHECK BOX IF
THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐
|
11
|
PERCENT OF
CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
12
|
TYPE OF
REPORTING PERSON
IN/HC
|
* Beneficial ownership based on
46,245,349 shares of common shares outstanding as of August 26,
2022, as reported on the Form 10-Q filed with the SEC on September
1, 2022.
Item 1(a)
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Name of Issuer:
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|
|
|
|
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Item 1(b)
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Address of Issuer’s Principal Executive
Offices:
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Clarendon House
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Bermuda
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Items 2(a)
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Name of Person
Filing:
|
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This Schedule 13G is being filed jointly by Select Equity
Group, L.P., a Delaware limited partnership (“Select LP”), SEG
Partners II, L.P., a Delaware limited partnership (“SEG Partners
II”), SEG Partners Offshore Master Fund, Ltd., a Cayman Islands
exempted company (“SEG Offshore”), and George S. Loening
(“Loening”), who is the majority owner of Select LP and managing
member of its general partner, who is a director of SEG Offshore
and who is the managing member of SEG Partners II’s general
partner. Select LP, SEG Partners II, SEG Offshore and Loening are
sometimes jointly referred to herein as the “Select Reporting
Persons.”
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Item 2(b)
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Address of
Principal Business Office:
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The business address of each of Select LP, SEG Partners II, and
Loening is 380 Lafayette Street, New York, New York 10003. The
business address of SEG Offshore is c/o Mourant Governance Services
(Cayman) Limited, 94 Solaris Avenue, Camana Bay, P.O. Box 1348,
Grand Cayman KY1-1108, Cayman Islands.
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Item 2(c)
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Citizenship:
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George S. Loening is a United States
citizen.
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Item 2(d)
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Title of Class
of Securities:
|
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|
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Common Shares
|
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Item 2(e)
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CUSIP
Number:
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Item
3 If
this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or
(c), check whether the person filing is:
(a)
|
☐ Broker or dealer registered
under Section 15 of the Act;
|
(b)
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☐ Bank as defined in Section
3(a)(6) of the Act;
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(c)
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☐ Insurance company as defined
in Section 3(a)(19) of the Act;
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(d)
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☐ Investment company registered
under Section 8 of the Investment Company Act of 1940;
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(e)
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☒ An investment adviser in accordance
with Rule 13d-1(b)(1)(ii)(E);
|
(f)
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☐ An employee benefit plan or
endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
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(g)
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☒ A parent holding company or control
person in accordance with Rule 13d-1(b)(1)(ii)(G);
|
(h)
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☐ A savings association as
defined in Section 3(b) of the Federal Deposit Insurance Act (12
U.S.C. 1813);
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(i)
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☐ A church
plan that is excluded from the definition of an investment company
under section 3(c)(14) of the Investment Company Act of 1940;
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(j)
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☐ A non-U.S. institution in
accordance with Rule 240.13d-1(b)(1)(ii)(J);
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(k)
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☐ Group, in accordance with Rule
240.13d-1(b)(1)(ii)(K).
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Item
4
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Ownership:
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|
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The information
required by Items 4(a)-(c), as of the date hereof, is set forth in
Rows 5-11 of the cover page hereto for each Select Reporting Person
and is incorporated herein by reference for each such Select
Reporting Person.
|
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Item 5
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Ownership of
Five Percent or Less of a Class:
|
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If this
statement is being filed to report the fact that as of the date
hereof a reporting person has ceased to be the beneficial owner of
more than 5 percent of the class of securities, check the following
[ ].
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Item 6
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Ownership of
More than Five Percent on Behalf of Another Person:
|
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N/A
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Item
7
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Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the
Parent Holding Company:
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See Exhibit 99.1.
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Item 8
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Identification
and Classification of Members of the Group:
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N/A
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Item 9
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Notice of
Dissolution of Group:
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N/A
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Item 10
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Certification:
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Select
Equity Group, L.P. and George S. Loening certify as follows:
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By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired and are
held in the ordinary course of business and were not acquired and
are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect, other
than activities solely in connection with a nomination under §
240.14a-11.
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SEG Partners II, L.P. and SEG Offshore certify as follows:
|
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By
signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the
securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or
effect, other than activities solely in connection with a
nomination under § 240.14a-11.
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SIGNATURES
After
reasonable inquiry and to the best of my knowledge and belief, the
undersigned certify that the information set forth in this
statement is true, complete and correct.
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SELECT EQUITY GROUP, L.P.
|
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By:
Select Equity GP, LLC, its General Partner
By:
/s/ George S. Loening
|
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Name:
George S. Loening
Title:
Managing Member
|
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SEG
PARTNERS II, L.P.
|
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By: SEG
Partners II Holdings, LLC, its General Partner
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By: /s/ George S. Loening |
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Name: George
S. Loening
Title:
Manager
|
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SEG
PARTNERS OFFSHORE MASTER FUND LTD.
|
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By: /s/ George S. Loening |
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Name: George
S. Loening
Title:
Director
|
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/s/ George S. Loening
|
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George S. Loening,
an individual
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Dated: October 14, 2022
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