Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
(Amendment No. 7)*
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FLOOR & DECOR HOLDINGS, INC.
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(Name of Issuer)
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Class A Common Stock, $0.001 par value per share
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(Title of Class of Securities)
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339750 101
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(CUSIP Number)
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William Wardlaw
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FS Capital Partners VI, LLC
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11100 Santa Monica Boulevard, Suite 1900
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Los Angeles, California 90025
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Tel No: (310) 444-1822
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(Name, Address and Telephone Number of Person
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Authorized to Receive Notices and Communications)
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November 14, 2019
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(Date of Event Which Requires Filing of this Statement)
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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 (however, see the Notes).
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CUSIP No. 339750 10 1
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1.
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Names of Reporting Persons
FS Equity Partners VI, L.P. |
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2.
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a)
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☐
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(b)
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☒
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3.
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SEC Use Only
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4.
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Source of Funds (See Instructions)
OO |
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5.
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Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
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6.
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Citizenship or Place of Organization
Delaware |
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Number of
Shares Beneficially Owned by Each Reporting Person With |
7.
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Sole Voting Power
0 |
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8.
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Shared Voting Power
18,224,262 * (See Items 3, 4, 5 and 6) |
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9.
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Sole Dispositive Power
5,674,794 (See Items 3, 4, 5 and 6) |
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10.
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Shared Dispositive Power
0 |
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11.
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Aggregate Amount Beneficially Owned by Each Reporting Person
18,224,262 * (See Items 3, 4, 5 and 6) |
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12.
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐
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13.
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Percent of Class Represented by Amount in Row (11)
18.0% (See Item 3, 4, 5 and 6) |
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14.
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Type of Reporting Person (See Instructions)
PN |
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______________________
* Consists of (1) 5,674,794 shares of Class A common stock held by FS Equity Partners VI, L.P. (“FS Equity VI”), (2) 241,062 shares of Class A common stock held by FS Affiliates VI, L.P. (“FS Affiliates VI” and,
collectively with FS Equity VI and their respective affiliates, “Freeman Spogli”) and (3) 12,308,406 shares of Class A common stock held by Ares Corporate Opportunities Fund III, L.P. (“ACOF”), as of November 14, 2019. The Reporting Person hereby
expressly disclaims the existence of, and membership, in a “group” (within the meaning of Section 13(d)(3) of the Act and Rule 13d-5(b) thereunder) and disclaims beneficial ownership of the shares held by ACOF.
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CUSIP No. 339750 10 1
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1.
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Names of Reporting Persons
FS Affiliates VI, L.P. |
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2.
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a)
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(b)
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3.
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SEC Use Only
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4.
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Source of Funds (See Instructions)
OO |
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5.
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Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
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6.
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Citizenship or Place of Organization
Delaware |
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Number of
Shares Beneficially Owned by Each Reporting Person With |
7.
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Sole Voting Power
0 |
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8.
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Shared Voting Power
18,224,262 * (See Item 3, 4, 5 and 6) |
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9.
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Sole Dispositive Power
241,062 (See Item 3, 4, 5 and 6) |
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10.
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Shared Dispositive Power
0 |
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11.
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Aggregate Amount Beneficially Owned by Each Reporting Person
18,224,262 * (See Item 3, 4, 5 and 6) |
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12.
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐
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13.
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Percent of Class Represented by Amount in Row (11)
18.0% (See Item 3, 4, 5 and 6) |
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14.
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Type of Reporting Person (See Instructions)
PN |
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______________________
* Consists of (1) 5,674,794 shares of Class A common stock held by FS Equity Partners VI, L.P. (“FS Equity VI”), (2) 241,062 shares of Class A common stock held
by FS Affiliates VI, L.P. (“FS Affiliates VI” and, collectively with FS Equity VI and their respective affiliates, “Freeman Spogli”) and (3) 12,308,406 shares of Class A common stock held by Ares Corporate Opportunities Fund III, L.P. (“ACOF”), as
of November 14, 2019. The Reporting Person hereby expressly disclaims the existence of, and membership, in a “group” (within the meaning of Section 13(d)(3) of the Act and Rule 13d-5(b) thereunder) and disclaims beneficial ownership of the shares
held by ACOF.
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CUSIP No. 339750 10 1
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1.
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Names of Reporting Persons
FS Capital Partners VI, LLC |
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2.
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a)
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(b)
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3.
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SEC Use Only
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4.
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Source of Funds (See Instructions)
OO |
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5.
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Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
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6.
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Citizenship or Place of Organization
Delaware |
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Number of
Shares Beneficially Owned by Each Reporting Person With |
7.
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Sole Voting Power
0 |
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8.
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Shared Voting Power
18,224,262 * (See Item 3, 4, 5 and 6) |
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9.
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Sole Dispositive Power
5,915,856 ** (See Item 3, 4, 5 and 6) |
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10.
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Shared Dispositive Power
0 |
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11.
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Aggregate Amount Beneficially Owned by Each Reporting Person
18,224,262 * (See Item 3, 4, 5 and 6) |
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12.
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐
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13.
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Percent of Class Represented by Amount in Row (11)
18.0% (See Item 3, 4, 5 and 6) |
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14.
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Type of Reporting Person (See Instructions)
OO |
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______________________
* Consists of (1) 5,674,794 shares of Class A common stock held by FS Equity Partners VI, L.P. (“FS Equity VI”), (2) 241,062 shares of Class A common stock held
by FS Affiliates VI, L.P. (“FS Affiliates VI” and, collectively with FS Equity VI and their respective affiliates, “Freeman Spogli”) and (3) 12,308,406 shares of Class A common stock held by Ares Corporate Opportunities Fund III, L.P. (“ACOF”), as of
November 14, 2019. The Reporting Person hereby expressly disclaims the existence of, and membership, in a “group” (within the meaning of Section 13(d)(3) of the Act and Rule 13d-5(b) thereunder) and disclaims beneficial ownership of the shares held
by ACOF.
** Consists of 5,915,856 shares of Class A common stock in the aggregate held by FS Equity VI and FS Affiliates VI.
Explanatory Note
This Amendment No. 7 to the statement on Schedule 13D amends and supplements the statement on Schedule 13D filed by the Reporting Persons on May 12, 2017, Amendment No. 1 to the Schedule 13D filed on July 27, 2017,
Amendment No. 2 to the Schedule 13D filed on November 22, 2017, Amendment No. 3 to the Schedule 13D filed on May 29, 2018, Amendment No. 4 to the Schedule 13D filed on September 18, 2018, Amendment No. 5 to the Schedule 13D filed on March 4, 2019
and Amendment No. 6 to the Schedule 13D filed on August 9, 2019 (together, the &#x
201C;Original Schedule 13D” and together with this Amendment No. 7, the “Schedule 13D”). Except as amended herein, the Original Schedule 13D remains in full
force and effect. Terms defined in the Original Schedule 13D are used herein as so defined.
Item 4. Purpose of Transaction
Item 4 of the Original Schedule 13D is hereby amended to add the following:
The information set forth in Item 6 below is incorporated by reference in its entirety into this Item 4.
Item 5. Interest in Securities of the Issuer
Item 5 of the Original Schedule 13D is hereby amended and restated in its entirety as follows:
(a) Aggregate number and percentage of securities.
As of November 14, 2019, FS Equity VI directly holds 5,674,794 shares of Common Stock and FS Affiliates VI directly holds 241,062 shares of Common Stock.
The Reporting Persons may be deemed to have direct beneficial ownership of the Issuer’s shares of
Common Stock as follows:
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Name of Reporting Person
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Number of Shares
Beneficially Owned |
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FS Capital Partners
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5,915,856
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FS Equity VI
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5,674,794
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FS Affiliates VI
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241,062
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Reporting Persons as a group
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5,915,856
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FS Capital Partners, by virtue of being the sole general partner of FS Equity VI and FS Affiliates VI, may be deemed to directly or
indirectly beneficially own the shares of Common Stock held by each of FS Equity VI and FS Affiliates VI and reported on the cover pages to this Schedule 13D for such Reporting Person. FS Equity VI disclaims beneficial ownership of the shares of
Common Stock held by FS Affiliates VI. FS Affiliates VI disclaims beneficial ownership of the shares of Common Stock held by FS Equity VI. See also items 11 and 13 of the cover pages to, and Item 2 of, this Schedule 13D for the aggregate number of
shares of Common Stock and percentage of Common Stock beneficially owned by each of the Reporting Persons.
Based upon information included in the Issuer’s filings with the Securities and Exchange Commission, as of November 14, 2019, ACOF in the aggregate holds
12,308,406 shares of Common Stock which are included in Items 8 and 11 of the cover pages to this Schedule 13D. The Reporting Persons expressly disclaim the existence of, or membership in, a “group” within the meaning of Section 13(d)(3) of the
Act and Rule 13d-5(b) thereunder with ACOF as a result of the Investor Rights Agreement or otherwise, as well as beneficial ownership with respect to any shares of Common Stock beneficially owned by ACOF, and neither the filing of this statement on
Schedule 13D nor any of its contents shall be deemed to constitute an admission by any Reporting Person that it is the beneficial owner of any of the shares of Common Stock referred to herein for purposes of Section 13(d) of the Act, or for any
other purpose, and such beneficial ownership is expressly disclaimed by the Reporting Persons. The ownership percentages reported in this Schedule 13D are based on an
aggregate of 101,057,968 shares of Common Stock outstanding as of October 30, 2019 as reported in the Issuer’s Quarterly Report on Form
10-Q filed with the SEC on November 1, 2019.
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Power to vote and dispose. See items 7 through 10 of the
cover pages to, and Item 2 of, this Schedule 13D for the number of shares of Common Stock beneficially owned by each of the Reporting Persons as to which there is sole or shared power to vote or to direct the vote, and sole or shared
power to dispose or to direct the disposition. The Reporting Persons expressly disclaim the power to vote or dispose of the shares held by ACOF included in Item 8 of the cover pages of this Schedule 13D, as a result of the Investor
Rights Agreement or otherwise.
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Transactions within the past 60 days. On November 14,
2019, ACOF sold 7,105,728 shares of Common Stock in a block trade in accordance with the requirements of Rule 144 under the Securities Act of 1933, as amended. FS Equity VI and FS Affiliates VI did not sell any shares of Common Stock in
connection with the sale by ACOF and did not receive any proceeds from such sale. Except for the information set forth herein, including in Items 3 and 4, which are incorporated herein by reference, none of the Reporting Persons has
effected any transaction related to the Common Stock during the past 60 days.
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Certain rights of other persons. Except as described
herein, no other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, securities covered by this statement.
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Date ceased to be a 5% owner. Not applicable.
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Item 6. Contracts,
Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
Item 6 of the Original Schedule 13D is hereby amended to add the following:
In connection with the sale on November 14, 2019 by ACOF of 7,105,728 shares of Common Stock, ACOF has agreed not to sell any additional shares of Common
Stock during the 30-day period beginning on November 14, 2019.
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.
Date: November 18, 2019
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FS EQUITY PARTNERS VI, L.P.,
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a Delaware Limited Partnership
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By: FS Capital Partners VI, LLC,
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a Delaware Limited Liability Company
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Its: General Partner
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/s/ Brad J. Brutocao
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Name: Brad J. Brutocao
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Title: Vice President
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FS AFFILIATES VI, L.P.,
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a Delaware Limited Partnership
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By: FS Capital Partners VI, LLC
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a Delaware Limited Liability Company
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Its: General Partner
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/s/ Brad J. Brutocao
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Name: Brad J. Brutocao
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Title: Vice President
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FS CAPITAL PARTNERS VI, LLC,
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a Delaware Limited Liability Company
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/s/ Brad J. Brutocao
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Name: Brad J. Brutocao
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Title: Vice President
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