Tender-Offer Statement — Third-Party Tender Offer — Schedule TO
Filing Table of Contents
Document/Exhibit Description Pages Size
1: SC TO-T Tender-Offer Statement -- Third-Party Tender Offer 6 27K
2: EX-99.1(A)(1) Miscellaneous Exhibit 56 265K
10: EX-99.10(D)(2) Miscellaneous Exhibit 46 203K
11: EX-99.11(D)(3) Miscellaneous Exhibit 12 42K
12: EX-99.12(D)(4) Miscellaneous Exhibit 9 35K
3: EX-99.2(A)(2) Miscellaneous Exhibit 12 58K
4: EX-99.3(A)(3) Miscellaneous Exhibit 3 15K
5: EX-99.4(A)(4) Miscellaneous Exhibit 2 14K
6: EX-99.5(A)(5) Miscellaneous Exhibit 4 18K
7: EX-99.6(A)(6) Miscellaneous Exhibit 5± 17K
8: EX-99.8(A)(8) Miscellaneous Exhibit 5 28K
9: EX-99.9(D)(1) Miscellaneous Exhibit 4 19K
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
SUNGLASS HUT INTERNATIONAL, INC.
(Name of Issuer)
COMMON STOCK
PAR VALUE $0.01 PER SHARE
(Title of Class of Securities)
86736F106
(CUSIP Number of Class of Securities)
LEONARDO DEL VECCHIO
LA LEONARDO FINANZIARIA S.r.l.
PIAZZALE LOTTO, 2
MILAN 20148 ITALY
(39) 02-499-841
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
WITH A COPY TO:
JONATHAN GOLDSTEIN, Esq.
DANIEL A. NINIVAGGI, Esq.
WINSTON & STRAWN
200 PARK AVENUE
NEW YORK, NEW YORK 10166
(212) 294-6700
April 19, 2000
(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 Rules 13d-1(e), (f) or (g) check the
following box: / /
================================================================================
SCHEDULE 13D
--------------------
CUSIP No. 86736F106
--------------------
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1. NAME OF REPORTING PERSON
Leonardo Del Vecchio
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
AF
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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
Citizen of the Republic of Italy
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7. SOLE VOTING POWER--
NUMBER OF
0
SHARES -----------------------------------------------------------------
8. SHARED VOTING POWER--
BENEFICIALLY
OWNED BY 2,259,600
-----------------------------------------------------------------
EACH 9. SOLE DISPOSITIVE POWER--
REPORTING
0
PERSON -----------------------------------------------------------------
10. SHARED DISPOSITIVE POWER--
WITH:
2,259,600
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Beneficially owns the 2,259,600 shares of common stock, par value $0.01
per share, of the Issuer directly owned by La Leonardo Finanziaria S.r.l.
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / /
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT ON ROW (11)
Approximately 5.6%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON--IN
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2
SCHEDULE 13D
--------------------
CUSIP No. 86736F106
--------------------
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1. NAME OF REPORTING PERSON
La Leonardo Finanziaria S.r.l.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
BK, 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
Republic of Italy
--------------------------------------------------------------------------------
7. SOLE VOTING POWER--
NUMBER OF
0
SHARES -----------------------------------------------------------------
8. SHARED VOTING POWER--
BENEFICIALLY
OWNED BY 2,259,600
-----------------------------------------------------------------
EACH 9. SOLE DISPOSITIVE POWER--
REPORTING
0
PERSON -----------------------------------------------------------------
10. SHARED DISPOSITIVE POWER--
WITH:
2,259,600
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,259,600 shares of common stock, par value $0.01 per share.
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / /
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT ON ROW (11)
Approximately 5.6%.
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14. TYPE OF REPORTING PERSON--OO
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3
ITEM 1. SECURITY AND ISSUER.
The class of equity securities to which this Statement relates is the
common stock, par value $0.01 per share (the "Shares"), of Sunglass Hut
International, Inc., a Florida corporation (the "Issuer"), which has its
principal executive office at 255 Alhambra Circle, Coral Gables, Florida
33134.
ITEM 2. IDENTITY AND BACKGROUND.
(a) and (f) This Statement is being filed by Leonardo Del Vecchio, an
individual and a citizen of the Republic of Italy, and La Leonardo
Finanziaria S.r.l., an Italian limited liability company ("LLF").
Mr. Del Vecchio has sole control of LLF, which directly owns the
2,259,600 Shares to which this Statement relates, which represents, based on
information obtained from the Issuer, approximately 5.6% of the outstanding
Shares of the Issuer as of February 3, 2001.
(b) (i) Mr. Del Vecchio's business address is:
Piazzale Lotto, 2
Milan 20148, Italy
(ii) The address of the principal office of LLF is:
Piazzale Lotto, 2
Milan 20148, Italy
(c) (i) Mr. Del Vecchio is the Chairman of the Board
of Luxottica Group S.p.A., an Italian
corporation ("Luxottica").
(ii) The principal business of Luxottica is the design,
manufacture, marketing and distribution of high quality
prescription frames and sunglasses in the mid- and premium-
priced categories. The address of the principal office of
Luxottica is Piazzale Lotto, 2, Milan 20148, Italy.
4
(iii) LLF is in the business of acquiring investment securities.
(vii) Mr. Del Vecchio is the sole director and
executive officer of LLF.
(d) and (e) During the last five years, none of the reporting persons
on this Statement (i) has been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors) or (ii) was 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.
LLF acquired all of the 2,259,600 Shares it owns in open market
purchases using available cash on hand and funds from available lines of
credit as follows:
[Download Table]
Date of Purchase Number of Price per
Shares Share
Purchased ($)
---------------------------------------------------------------
March 17, 2000 278,500 7.29
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March 20, 2000 1,000 7.50
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March 21, 2000 73,100 7.72
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March 27, 2000 226,900 7.78
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March 28, 2000 179,200 7.89
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March 29, 2000 225,000 7.92
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March 30, 2000 112,200 7.96
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March 31, 2000 221,000 7.95
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April 3, 2000 142,300 7.85
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April 4, 2000 101,000 7.84
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April 5, 2000 89,700 7.65
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April 6, 2000 51,900 7.94
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April 7, 2000 156,800 8.27
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April 12, 2000 3,200 8.00
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April 13, 2000 37,700 8.07
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April 14, 2000 55,400 7.64
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April 17, 2000 157,200 7.63
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April 18, 2000 36,500 7.56
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April 19, 2000 111,000 7.58
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ITEM 4. PURPOSE OF TRANSACTION.
The Shares were acquired in a series of open market purchases that were
made during the period from March 17, 2000 through April 19, 2000. Such
purchases were made for investment purposes. The reporting persons were aware
at the time of such purchases that the Issuer, among other eyeware industry
companies, might be a possible business combination candidate for Luxottica.
Ultimately, as more fully described in the Tender Offer Statement referred to
below, Luxottica, for which Mr. Del Vecchio, one of the reporting persons,
serves as the Chairman of the Board of Directors and which he controls,
negotiated the terms of and entered into a definitive Agreement and Plan of
Merger, dated as of February 22, 2001, pursuant to which Luxottica agreed to
acquire all of the Issuer's outstanding Shares through a cash tender offer
(the "Tender Offer"), followed by a second-step merger. Luxottica, Luxottica
S.p.A., an Italian corporation and a wholly-owned subsidiary of Luxottica,
and Shade Acquisition Corp., a Florida corporation and a wholly-owned
subsidiary of Luxottica S.p.A., filed their Tender Offer Statement on
Schedule TO under Section 14(d)(1) of the Securities Exchange Act of 1934, as
amended, with respect to the Tender Offer on March 5, 2001.
The purchase of Shares was effected pursuant to an investment plan
initiated by LLF in March 2000. At the time LLF embarked on its investment
plan, LLF intended to acquire approximately 4.9% of the issued and
outstanding Shares based on information contained in the Issuer's Form 10-Q
for its fiscal quarter ended October 30, 1999, which was filed on December 3,
1999. However, in the course of the preparation of the Tender Offer Statement
in late February 2001, the reporting persons first became aware that the
purchase of Shares made by LLF on April 19, 2000, the final purchase date in
the implementation of its investment plan, resulted in LLF owning more than
5.0% of the issued and outstanding Shares based on the number of such
outstanding Shares reported on the Issuer's Form 10-K for the fiscal year
ended January 29, 2000 (the "Issuer Form 10-K") which was filed on the same
date as the date of such purchase, April 19, 2000. The Issuer Form 10-K
reflected a significantly reduced number of outstanding Shares as a result of
a stock repurchase program undertaken by the Issuer. The Issuer continued to
repurchase Shares during 2000, resulting in the reporting persons ultimately
beneficially owning approximately 5.6% of the outstanding Shares, based on
information as of February 3, 2001.
5
ITEM 5. INTEREST IN THE SECURITIES OF THE ISSUER.
(a) LLF directly owns all of the 2,259,600 Shares to which this
Statement relates, which number of Shares constitutes, based on information
obtained from the Issuer, approximately 5.6% of the total outstanding Shares
as of February 3, 2001. By virtue of his control of LLF, Mr. Del
Vecchio beneficially owns the Shares directly owned by LLF.
(b) Mr. Del Vecchio shares with LLF the power to direct the vote and
disposition of all of the 2,259,600 Shares held by LLF.
6
(c) None of the reporting persons on this Statement effected any
transaction in the Shares during the 60 days preceeding the date of filing of
this Statement. The information set forth in Item 3 of this Statement is
incorporated by reference in this Item 5(c).
(d) Other than LLF, and except as set forth in this Item 5, no person
is known to have the right to receive or the power to direct the receipt of
dividends from, or the proceeds from the sale of, the Shares to which this
Statement relates.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Not applicable.
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS.
None.
7
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.
Dated: March 5, 2001
/s/ Leonardo Del Vecchio
------------------------
Leonardo Del Vecchio
After reasonable inquiry and to the best of the undersigned's belief,
the undersigned certifies that the information set forth in this Statement is
true, complete and correct.
Dated: March 5, 2001
La Leonardo Finanziaria S.r.l.
By: /s/ Leonardo Del Vecchio
-----------------------------
Name: Leonardo Del Vecchio
Its: Sole Director and Sole
Executive Officer
EX-99.12(D)(4) | Last Page of 9 | TOC | 1st | Previous | Next | ↓Bottom | Just 9th |
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JOINT FILING STATEMENT
PURSUANT TO RULE 13D-1(K)(1)
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13D is filed on behalf of the undersigned and that all subsequent
amendments to this statement on Schedule 13D shall be filed on behalf of each
of the undersigned without the necessity of filing additional joint filing
statements. The undersigned acknowledge that each shall be responsible for
the timely filing of such amendments, and for the completeness and accuracy
of the information concerning the other, except to the extent that he or it
knows or has reason to believe that such information is inaccurate.
Date: March 5, 2001
/s/ Leonardo Del Vecchio
----------------------------------
Leonardo Del Vecchio
La Leonardo Finanziaria S.r.l.
By: /s/ Leonardo Del Vecchio
------------------------------
Name: Leonardo Del Vecchio
Its: Sole Director and Sole
Executive Officer
Dates Referenced Herein and Documents Incorporated by Reference
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