UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Restoration Hardware, Inc.
(Name of Issuer)
Common Stock, $0.0001 par value per share
(Title of Class of Securities)
760981100
(CUSIP Number)
Richard W. Shea, Jr.
Vardon Capital Management, L.L.C.
120 West 45th Street, 17th Floor
New York, NY 10036
(212) 626-6300
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
April 29, 2008
(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 which is the subject of this Schedule 13D,
and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or
Rule 13d-1(g), check the following box [ ].
*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).
CUSIP NO. 760981100 SCHEDULE 13D
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1. NAME OF REPORTING PERSON Vardon Capital, L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS* AF OO
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
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7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 3,449,375
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 3,449,375
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,449,375
------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.9%
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14. TYPE OF REPORTING PERSON OO
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** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
|
CUSIP NO. 760981100 SCHEDULE 13D
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1. NAME OF REPORTING PERSON Vardon Capital Management, L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS* AF 00
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 3,449,375
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 3,449,375
------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,449,375
------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.9%
------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON IA
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** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
|
CUSIP NO. 760981100 SCHEDULE 13D
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1. NAME OF REPORTING PERSON Richard W. Shea, Jr.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
------------------------------------------------------------------------------
3. SEC USE ONLY
------------------------------------------------------------------------------
4. SOURCE OF FUNDS* AF OO
------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION United States of America
------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 3,449,375
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 3,449,375
------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,449,375
------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.9%
------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON IN
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** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
|
CUSIP NO. 760981100 SCHEDULE 13D
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1. NAME OF REPORTING PERSON Vardon International, Ltd.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
------------------------------------------------------------------------------
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 PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands
------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 3,449,375
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 3,449,375
------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,449,375
------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.9%
------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON CO
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** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
|
CUSIP NO. 760981100 SCHEDULE 13D
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1. NAME OF REPORTING PERSON Vardon Focus Fund, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
------------------------------------------------------------------------------
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 PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
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7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 3,449,375
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 3,449,375
------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,449,375
------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.9%
------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN
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** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
|
CUSIP NO. 760981100 SCHEDULE 13D
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1. NAME OF REPORTING PERSON Vardon Focus Fund II, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
------------------------------------------------------------------------------
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 PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 3,449,375
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 3,449,375
------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,449,375
------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.9%
------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN
------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
|
CUSIP NO. 760981100 SCHEDULE 13D
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1. NAME OF REPORTING PERSON Vardon Focus Fund International, Ltd.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
------------------------------------------------------------------------------
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 PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands
------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 3,449,375
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 3,449,375
------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,449,375
------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.9%
------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON CO
------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
|
CUSIP NO. 760981100 SCHEDULE 13D
Item 1. Security and Issuer
----------------------------
This Schedule 13D relates to shares of common stock, $0.0001 par value per share
(the "Common Stock") of Restoration Hardware, Inc., a Delaware corporation (the
"Issuer"). The principal executive office and mailing address of the Issuer is
15 Koch Road, Suite J, Corte Madera, CA 94925.
Item 2. Identity and Background
--------------------------------
This Schedule 13D is being filed by (i) Vardon Focus Fund, L.P., a Delaware
limited partnership; (ii) Vardon Focus Fund II, L.P., a Delaware limited
partnership; (together the "Domestic Funds"); (iii) Vardon International, Ltd.,
a Cayman Islands exempted company; (iv) Vardon Focus Fund International, Ltd., a
Cayman Islands exempted company; (together the "Offshore Funds" and collectively
with the Domestic Funds, the "Funds"); (v) Vardon Capital, L.L.C., a Delaware
limited liability company that serves as the general partner of the Domestic
Funds ("VC"); (vi) Vardon Capital Management, L.L.C., a Delaware limited
liability company that serves as investment manager to the Funds ("VCM"), and
(vii) Richard W. Shea, Jr. ("Mr. Shea"), the sole managing member of VC and VCM.
The Funds, VC, VCM and Mr. Shea will be collectively referred to herein as
"Reporting Persons". All disclosures made in this filing are made pursuant to
the best knowledge and reasonable belief of the Reporting Persons.
The Domestic Funds, as defined above, are each Delaware limited partnerships
with a principal business office address of 120 West 45th Street, 17th Floor,
New York, NY 10036. The principal business of each of the Domestic Funds is
investment management.
The Offshore Funds, as defined above, are each Cayman Islands exempted companies
with a principal business office address of Admiral Financial Center, P.O. Box
32021 SMB, 90 Fort Street, Grand Cayman, Cayman Islands, B.W.I. The principal
business of each of the Offshore Funds is investment management.
The Directors of the Offshore Funds are Richard W. Shea, Jr., David Bree and Don
Seymour. Mr. Shea's principal business is acting as managing member of VC and
VCM. The principal business office address of Mr. Shea is 120 West 45th Street,
17th Floor, New York, NY 10036. Mr. Bree and Mr. Seymour are employed by dms
Management, Ltd. and their principal business is providing director services to
private investment funds. The principal business office address of Mr. Bree and
Mr. Seymour is P.O. Box 31910, dms House, 20 Genesis Close, Grand Cayman
KY1-1208, Cayman Islands.
VC is a Delaware limited liability company. The sole managing member of VC is
Mr. Shea. The principal business of VC is acting as general partner to the
Domestic Funds.
The principal business office address of VC is 120 West 45th Street, 17th Floor,
New York, NY 10036.
|
VCM is a Delaware limited liability company which serves as the investment
manager to the Funds and had served as investment manager to certain separately
managed accounts. The sole managing member of VCM is Mr. Shea. The principal
business of VCM is providing investment advisory services to the Funds.
The principal business office address of VCM is 120 West 45th Street, 17th
Floor, New York, NY 10036.
Mr. Shea, the sole managing member of VC and VCM, is a citizen of the United
States of America. Mr. Shea's principal business is acting as managing member of
VC and VCM.
The principal business office address of Mr. Shea is 120 West 45th Street, 17th
Floor, New York, NY 10036.
To the best knowledge of the Reporting Persons, none of the entities or persons
identified in this Item 2 has, during the past five years, been convicted of any
criminal proceeding (excluding traffic violations or similar misdemeanors), nor
been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
The source of funds for the purchases of the 3,449,375 shares of Common Stock
beneficially owned by the Reporting Persons was $18,531,907, representing the
working capital of the Domestic Funds and the Offshore Funds.
Item 4. Purpose of Transaction
The Issuer has disclosed that it will hold a special meeting of stockholders to
consider and vote on a proposal to adopt the Agreement and Plan of Merger, dated
as of November 8, 2007 (the "Merger Agreement"), among the Company, Home
Holdings, LLC ("Parent"), and Home Merger Sub, Inc. ("Merger Sub"), as amended
by the First Amendment thereto dated January 24, 2008 (the "Amended Merger
Agreement"), pursuant to which Merger Sub will merge with and into the Company
and the Company will become a direct wholly owned subsidiary of Parent. Parent
is controlled by investment funds affiliated with Catterton Management Company,
LLC, which is a private equity firm. The record date of the special meeting is
May 2, 2008. For a more detailed description of the Merger Agreement we refer
you to exhibit 2.1 of the Form 8-K filed by the Issuer with the SEC on November
8, 2007 and for a more detailed description of the Amended Merger Agreement we
refer you to exhibit 2.1 of the Form 8-K filed by the Issuer with the SEC on
January 24, 2008.
The Reporting Persons currently hold the shares of Common Stock for the purpose
of fulfilling VCM's obligations under the Amended Stockholder Voting Agreement
described below. The Reporting Persons currently plan to sell all or a portion
of their shares after fulfilling their obligation under the Amended Stockholder
Voting Agreement.
On November 8, 2007, in connection with the transactions contemplated by the
Merger Agreement, VCM entered into a Stockholder Voting Agreement, dated as of
November 8, 2007, with the Issuer (the "Stockholder Voting Agreement"), and an
Investment Agreement, dated as of November 8, 2007, with Parent (the "Investment
Agreement"). On January 24, 2008, in connection with the transactions
contemplated by the Amended Merger Agreement, VCM executed an Amendment, dated
as of January 24, 2008, to the Stockholder Voting Agreement with the Issuer (the
"Amended Stockholder Voting Agreement") and executed an Equity Rollover Consent,
dated January 24, 2008, with Parent (the "Equity Investment Consent").
Pursuant to the Amended Stockholder Voting Agreement, VCM agreed to vote for and
support the Merger with Parent. If the Issuer terminates the Merger Agreement in
connection with an alternative transaction that constitutes a Superior Proposal
(as defined in the Merger Agreement) that is entered into prior to 11:59 p.m.,
New York City time, on December 13, 2007 or after such time if the alternative
transaction is with an Excluded Party (as defined in the Merger Agreement) and
such transaction provides for either an all cash offer or a combination of cash
and non-cash consideration where holders of shares of Common Stock may elect to
receive all cash consideration without any cutback or proration and the
recommendation of the Board of Directors of the Issuer in favor of the adoption
of such transaction has not been adversely modified or withdrawn, then VCM has
agreed to vote in favor of the alternative transaction upon the written request
of the Board of Directors of the Issuer or the Independent Committee thereof.
The foregoing description of the Amended Stockholder Voting Agreement does not
purport to be complete and is qualified in its entirety by reference to the full
text of the Stockholder Voting Agreement, which is attached as Exhibit 99.1
hereto, and the Amended Stockholder Voting Agreement, which is attached as
Exhibit 99.2 hereto.
Pursuant to the Investment Agreement, VCM has agreed to make a cash investment,
immediately prior to the effective time of the Merger, equal to the value of
3,449,055 shares of Common Stock to Parent in exchange for a pro rata equity
interest in Parent. The obligations of VCM pursuant to the Investment Agreement
is subject to the satisfaction or waiver of certain conditions, as set forth in
the Investment Agreement. The Issuer is an express third party beneficiary to
the Investment Agreement. The foregoing description of the Investment Agreement
does not purport to be complete and is qualified in its entirety by reference to
the full text of the Investment Agreement which is attached as Exhibit 99.3
hereto, and the Equity Investment Consent, which is attached as Exhibit 99.4
hereto.
Except as expressly set forth above, the Reporting Persons have no present
plans, proposals, commitments, arrangements or understandings with respect to
any of the matters set forth in subparagraphs (a) through (j) of Item 4 of
Schedule 13D.
Item 5. Interest in Securities of the Issuer
(a), (b) According to the Issuer's most recent Form 10-K, there were 38,968,596
shares of Common Stock issued and outstanding as of April 4, 2008. Based on such
information, after taking into account the transactions described in Item 5(c)
below, the Reporting Persons report beneficial ownership of the following shares
of Common Stock:
Amount Beneficially Owned:
Vardon Capital, L.L.C. - 3,449,375
Vardon Capital Management, L.L.C. - 3,449,375
Richard W. Shea, Jr. - 3,449,375
Vardon International, Ltd. - 3,449,375
Vardon Focus Fund, L.P. - 3,449,375
Vardon Focus Fund II, L.P. - 3,449,375
Vardon Focus Fund International, Ltd. - 3,449,375
Percent of Class:
Vardon Capital, L.L.C. - 8.9%
Vardon Capital Management, L.L.C. - 8.9%
Richard W. Shea, Jr. - 8.9%
Vardon International, Ltd. - 8.9%
Vardon Focus Fund, L.P. - 8.9%
Vardon Focus Fund II, L.P. - 8.9%
Vardon Focus Fund International, Ltd. - 8.9%
Number of shares as to which such person has:
Sole power to vote or to direct the vote
Vardon Capital, L.L.C. - 0
Vardon Capital Management, L.L.C. - 0
Richard W. Shea, Jr. - 0
Vardon International, Ltd. - 0
Vardon Focus Fund, L.P. - 0
Vardon Focus Fund II, L.P. - 0
Vardon Focus Fund International, Ltd. - 0
Shared power to vote or to direct the vote
Vardon Capital, L.L.C. - 3,449,375
Vardon Capital Management, L.L.C. - 3,449,375
Richard W. Shea, Jr. - 3,449,375
Vardon International, Ltd. - 3,449,375
Vardon Focus Fund, L.P. - 3,449,375
Vardon Focus Fund II, L.P. - 3,449,375
Vardon Focus Fund International, Ltd. - 3,449,375
Sole power to dispose or to direct the disposition of
Vardon Capital, L.L.C. - 0
Vardon Capital Management, L.L.C. - 0
Richard W. Shea, Jr. - 0
Vardon International, Ltd. - 0
Vardon Focus Fund, L.P. - 0
Vardon Focus Fund II, L.P. - 0
Vardon Focus Fund International, Ltd. - 0
Shared power to dispose or to direct the disposition of
Vardon Capital, L.L.C. - 3,449,375
Vardon Capital Management, L.L.C. - 3,449,375
Richard W. Shea, Jr. - 3,449,375
Vardon International, Ltd. - 3,449,375
Vardon Focus Fund, L.P. - 3,449,375
Vardon Focus Fund II, L.P. - 3,449,375
Vardon Focus Fund International, Ltd. - 3,449,375
c) During the last 60 days, the Reporting Persons purchased or sold the
following shares of Common Stock:
Entity Trade Date Shares Price/Share Transaction
------ ---------- ------ ----------- -----------
Managed Accounts advised 04/11/2008 89,115 4.26 Sale
By VCM
Vardon Focus Fund, LP 04/11/2008 67,392 4.26 Purchase
04/29/2008 20,368 4.28 Purchase
04/29/2008 113,926 4.30 Purchase
04/29/2008 1,018,413 4.33 Purchase
04/29/2008 10,184 4.31 Purchase
04/29/2008 9,097 4.25 Purchase
Vardon Focus Fund II, LP 04/11/2008 7,654 4.26 Purchase
04/29/2008 1,086 4.31 Purchase
04/29/2008 12,130 4.30 Purchase
04/29/2008 968 4.25 Purchase
04/29/2008 2,168 4.28 Purchase
04/29/2008 108,433 4.33 Purchase
Vardon Focus Fund 04/11/2008 14,069 4.26 Purchase
International, Ltd. 04/29/2008 1,765 4.25 Purchase
04/29/2008 3,953 4.28 Purchase
04/29/2008 22,117 4.30 Purchase
04/29/2008 1,976 4.31 Purchase
04/29/2008 197,683 4.33 Purchase
Vardon International, Ltd. 04/29/2008 19,627 4.30 Purchase
04/29/2008 1,570 4.25 Purchase
04/29/2008 3,511 4.28 Purchase
04/29/2008 175,471 4.33 Purchase
04/29/2008 1,754 4.31 Purchase
|
In addition, on April 29, 2008 the Reporting Persons purchased certain put
options and sold certain call options of the Common Stock. The details of these
transactions are set forth in Item 6 below.
(d) and (e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
The Reporting Persons may together be deemed to be members of a group for
purposes of Section 13(d) of the Exchange Act of 1934. Except as set forth in
this Item 6, none of the Reporting Persons or, to the best knowledge of the
Reporting Persons, the other persons named in Item 2, is a party to any
contract, arrangement, understanding or relationship with respect to any
securities of the Issuer, including but not limited to the transfer or voting of
any securities of the Issuer, finder's fees, joint ventures, loan or option
arrangements, puts or calls, guarantees of profits, division of profits or loss,
or the giving or withholding of proxies.
VCM has entered into the Amended Voting Agreement with the Issuer which is
attached hereto as Exhibits 99.1 and 99.2 and is described in Item 4 above.
VCM has entered in an Investment Agreement with the Parent which is attached
hereto as Exhibit 99.3 and is described in Item 4 above. VCM entered into the
Equity Investment Consent which is attached hereto as Exhibit 99.4 and is
described in Item 4 above.
On April 29, 2007, Vardon Focus Fund, LP purchased 10,184 put option contracts
relating to the Common Stock, Vardon Focus Fund II, LP purchased 1,084 put
option contracts relating to the Common Stock, Vardon Focus Fund International,
Ltd. purchased 1,977 put option contracts relating to the Common Stock and
Vardon International, Ltd. purchased 1,755 put option contracts relating to the
Common Stock. The purchase price for each put option contract was $3.40. The
exercise price of the put option contracts is $7.50.
On April 29, 2007, Vardon Focus Fund, LP sold 10,184 call option contracts
relating to the Common Stock, Vardon Focus Fund II, LP sold 1,084 call option
contracts relating to the Common Stock, Vardon Focus Fund International, Ltd.
sold 1,977 call option contracts relating to the Common Stock and Vardon
International, Ltd. sold 1,755 call option contracts relating to the Common
Stock. The sale price for each call option contract was $0.05. The exercise
price of the call option contracts is $7.50.
Item 7. Material to be Filed as Exhibits
Exhibit A - Joint Filing Undertaking.
Exhibit 99.1 - Stockholder Voting Agreement, dated as of November 8, 2007, by
and between the Restoration Hardware, Inc. and Vardon Capital Management, LLC
Exhibit 99.2 - Amendment to Stockholder Voting Agreement, dated as of January
24, 2008, by and between the
Restoration Hardware, Inc. and Vardon Capital Management, LLC
Exhibit 99.3 - Investment Agreement, dated as of November 8, 2007, by and
between Home Holdings, LLC and Vardon Capital Management, LLC Exhibit 99.4 -
Amendment to Investment Agreement, dated as of January 24, 2008, by and between
Home Holdings, LLC
and Vardon Capital Management, LLC
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: April 30, 2008
Vardon Focus Fund, L.P. Vardon Focus Fund II, L.P.
By: Richard W. Shea, Jr. By: Richard W. Shea, Jr.
as managing member of the as managing member of the
general partner general partner
By: /s/ Richard W. Shea, Jr. By: /s/ Richard W. Shea, Jr.
------------------------------- -----------------------------------
Richard W. Shea, Jr. Richard W. Shea, Jr.
Managing Member of Managing Member of
the General Partner the General Partner
Vardon International, Ltd. Vardon Focus Fund International, Ltd.
By: Richard W. Shea, Jr. By: Richard W. Shea, Jr.
as director as director
By: /s/ Richard W. Shea, Jr. By: /s/ Richard W. Shea, Jr.
------------------------------- -----------------------------------
Richard W. Shea, Jr. Richard W. Shea, Jr.
Director Director
Vardon Capital, L.L.C. Vardon Capital Management, L.L.C
By: Richard W. Shea, Jr. By: Richard W. Shea, Jr.
its managing member its managing member
By: /s/ Richard W. Shea, Jr. By: /s/ Richard W. Shea, Jr.
------------------------------- -----------------------------------
Richard W. Shea, Jr. Richard W. Shea, Jr.
Managing Member Managing Member
RICHARD W. Shea, Jr.
By: /s/ Richard W. Shea, Jr.
-------------------------------
Richard W. Shea, Jr.
Individually
|
Exhibit A
JOINT FILING UNDERTAKING
The undersigned, being duly authorized thereunto, hereby executes this agreement
as an exhibit to this Schedule 13D with respect to the shares of Common Stock of
Restoration Hardware, Inc., par value 0.0001 per share, to evidence the
agreement of the below-named parties, in accordance with the rules promulgated
pursuant to the Securities Exchange Act of 1934, as amended, to file this
Schedule 13D jointly on behalf of each such party.
Dated: April 30, 2008
Vardon Focus Fund, L.P. Vardon Focus Fund II, L.P.
By: Richard W. Shea, Jr. By: Richard W. Shea, Jr.
as managing member of the as managing member of the
general partner general partner
By: /s/ Richard W. Shea, Jr. By: /s/ Richard W. Shea, Jr.
------------------------------- -----------------------------------
Richard W. Shea, Jr. Richard W. Shea, Jr.
Managing Member of Managing Member of
the General Partner the General Partner
Vardon International, Ltd. Vardon Focus Fund International, Ltd.
By: Richard W. Shea, Jr. By: Richard W. Shea, Jr.
as director as director
By: /s/ Richard W. Shea, Jr. By: /s/ Richard W. Shea, Jr.
------------------------------- -----------------------------------
Richard W. Shea, Jr. Richard W. Shea, Jr.
Director Director
Vardon Capital, L.L.C. Vardon Capital Management, L.L.C
By: Richard W. Shea, Jr. By: Richard W. Shea, Jr.
its managing member its managing member
By: /s/ Richard W. Shea, Jr. By: /s/ Richard W. Shea, Jr.
------------------------------- -----------------------------------
Richard W. Shea, Jr. Richard W. Shea, Jr.
Managing Member Managing Member
|
RICHARD W. Shea, Jr.
By: /s/ Richard W. Shea, Jr.
-------------------------------
Richard W. Shea, Jr.
Individually
|
SK 03088 0008 874901
Restoration Hardware (MM) (NASDAQ:RSTO)
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부터 5월(5) 2024 으로 6월(6) 2024
Restoration Hardware (MM) (NASDAQ:RSTO)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024
