Sec Form 13G Filing - Prentice Capital Management LP filing for ABERCROMBIE & FITCH CO (ANF) - 2020-03-20

 

 

SECURITIES AND EXCHANGE COMMISSION

 

WASHINGTON, D. C. 20549

 

SCHEDULE 13G

 

(Amendment No. )

 

ABERCROMBIE & FITCH CO.

(Name of Issuer)

 

Class A Common Stock, Par Value $0.01 Per Share

(Title of Class of Securities)

 

002896207

(CUSIP Number of Class of Securities)

 

March 10, 2020

(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)

x

RULE 13d-1(c)

¨

RULE 13d-1(d)

 

 

 

CUSIP NO.    002896207

Page 2 of 7

 

1.	Name of Reporting Person   Prentice Capital Management, LP
2.	Check The Appropriate Box If A Member Of A Group (See Instructions) (a) ¨ (b) x
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   3,349,872
	7.	Sole Dispositive Power:   0
	8.	Shared Dispositive Power Power   3,349,872
9.	Aggregate Amount Beneficially Owned By Each Reporting Person:   3,349,872
10.	Check Box If The Aggregate Amount In Row (9) Excludes Certain Shares (See Instructions)   ¨
11.	Percent of Class Represented by Amount in Row (9):   5.34%*
12.	Type of Reporting Person (See Instructions)   PN

   

*Beneficial ownership percentage is based upon 62,748,098 shares of Class A Common Stock, $0.01 par value per share, of Abercrombie & Fitch Co., a Delaware corporation (the “Company”), issued and outstanding as of December 6, 2019, based on information reported by the Company in its Quarterly Report on Form 10-Q for the quarterly period ended November 2, 2019.

 

 

CUSIP NO.    002896207

Page 3 of 7

 

1.	Name of Reporting Person (entities only)   Michael Zimmerman
2.	Check The Appropriate Box If A Member Of A Group (See Instructions) (a) ¨ (b) x
3.	SEC Use Only
4.	Citizenship Or Place Of Organization:   United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	5.	Sole Voting Power:   0
	6.	Shared Voting Power   3,349,872
	7.	Sole Dispositive Power:   0
	8.	Shared Dispositive Power Power   3,349,872
9.	Aggregate Amount Beneficially Owned By Each Reporting Person:   3,349,872
10.	Check Box If The Aggregate Amount In Row (9) Excludes Certain Shares (See Instructions)   ¨
11.	Percent of Class Represented by Amount in Row (9):   5.34%*
12.	Type of Reporting Person (See Instructions)   IN

 

*Beneficial ownership percentage is based upon 62,748,098 shares of Class A Common Stock, $0.01 par value per share, of the Company issued and outstanding as of December 6, 2019, based on information reported by the Company in its Quarterly Report on Form 10-Q for the quarterly period ended November 2, 2019.

 

 

ITEM 1(a).

Name of Issuer:

 

Abercrombie & Fitch Co. (the “Company”)

 

ITEM 1(b).

Address of Issuer's Principal Executive Offices:

 

6301 Fitch Path

New Albany, Ohio 43054

 

ITEM 2(a).

Names of Person Filing:

 

This statement is filed by the entities and persons listed below, all of whom together are referred to herein as the “Reporting Persons”:

 

(i)

Prentice Capital Management, LP, a Delaware limited partnership (“Prentice Capital Management”), with respect to the shares (the “Shares”) of Class A Common Stock of the Company reported in this Schedule 13G (the “Schedule 13G”).

 

(ii)

Michael Zimmerman who is the managing member of certain entities that, directly or indirectly, serve as the general partner or investment manager of the investment fund and managed accounts that own the Shares reported in this Schedule 13G.

 

ITEM 2(b).

Address of Principal Business Office Or, If None, Residence:

 

The address for the Reporting Persons is 100 West Putnam Avenue-Slagle House, Greenwich, CT 06830.

 

ITEM 2(c).

Citizenship:

 

Prentice Capital Management is organized under the laws of the State of Delaware. Mr. Zimmerman is a citizen of the United States.

 

ITEM 2(d).

Title of Class of Securities:

 

Class A Common Stock, $0.01 par value per share

 

ITEM 2(e).

CUSIP Number: 002896207

 

 

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:

 

Not Applicable

 

ITEM 4.

Ownership:

 

Prentice Capital Management serves as investment manager to an investment fund and manages investments for certain entities in managed accounts with respect to which it has voting and dispositive authority over the Shares reported in this Schedule 13G. Michael Zimmerman is the managing member of certain entities that, directly or indirectly, serve as the general partner or investment manager of the investment fund and managed accounts that own the Shares reported in this Schedule 13G. As such, he may be deemed to control Prentice Capital Management and the investment funds and managed accounts managed by Prentice Capital Management and therefore may be deemed to be the beneficial owner of the Shares reported in this Schedule 13G. Each of the Reporting Persons disclaims beneficial ownership of all of the Shares reported in this Schedule 13G, except to the extent of his or its pecuniary interest.

  

(a)

Amount Beneficially Owned: 3,349,872 Shares

 

(b)

Percent of class: 5.34%

 

(c)

Number of Shares as to which such person has:

 

(i)

Sole power to vote or to direct the vote: 0

 

(ii)

Shared power to vote or to direct the vote: 3,349,872 Shares

 

(iii)

Sole power to dispose or to direct the disposition: 0

 

(iv)

Shared power to dispose or to direct the disposition: 3,349,872 Shares

  

ITEM 5.

Ownership of Five Percent or Less of a Class.

 

If this statement is being filed to report the fact that as of the date hereof the reporting persons has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ¨.

 

ITEM 6.

Ownership of More Than Five Percent on Behalf of Another Person.

 

Not applicable.

 

 

ITEM 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

 

Not applicable.

 

ITEM 8.

Identification and Classification of Members of the Group.

 

See Item 4

 

ITEM 9.

Notice of dissolution of group.

 

Not applicable.

 

ITEM 10.

Certifications.

 

By signing below the undersigned 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 or as a participant in any transaction having that purpose or effect.

 

 

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.

 

	March 19, 2020
	PRENTICE CAPITAL MANAGEMENT, LP
	By:	/s/ Michael Zimmerman
		Name: Michael Zimmerman	0;
		Title: Chief Executive Officer
		/s/ Michael  Zimmerman
		Michael Zimmerman

 

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)