Dex One Corporation
|
(Name of Issuer)
|
Common Stock, par value $.001 per share
|
(Title of Class of Securities)
|
25212W100
|
(CUSIP Number)
|
December 31, 2012
|
(Date of Event Which Requires Filing of this Statement)
|
CUSIP No
|
25212W100
|
|||
1.
|
NAME OF REPORTING PERSONS
|
|||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
||||
Restructuring Capital Associates, L.P.
|
||||
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
|
|||
4,304,831
|
||||
7.
|
SOLE DISPOSITIVE POWER
|
|||
0
|
||||
8.
|
SHARED DISPOSITIVE POWER
|
|||
4,304,831
|
||||
9.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||
4,304,831
|
||||
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)
|
|||
8.5%
|
||||
12.
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|||
PN
|
CUSIP No
|
25212W100
|
|||
1.
|
NAME OF REPORTING PERSONS
|
|||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
||||
James D. Bennett
|
||||
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 of America
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
||||
5.
|
SOLE VOTING POWER
|
|||
0
|
||||
6.
|
SHARED VOTING POWER
|
|||
4,304,831
|
||||
7.
|
SOLE DISPOSITIVE POWER
|
|||
0
|
||||
8.
|
SHARED DISPOSITIVE POWER
|
|||
4,304,831
|
||||
9.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||
4,304,831
|
||||
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)
|
|||
8.5%
|
||||
12.
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|||
IN
|
CUSIP No
|
25212W100
|
|||
Item 1.
|
(a).
|
Name of Issuer:
|
||
Dex One Corporation
|
||||
(b).
|
Address of Issuer's Principal Executive Offices:
|
|||
1001 Winstead Drive
Cary, North Carolina 27513
|
||||
Item 2.
|
(a).
|
Name of Person Filing:
|
||
Restructuring Capital Associates, L.P.
James D. Bennett
|
||||
(b).
|
Address of Principal Business Office, or if None, Residence:
|
|||
Restructuring Capital Associates, L.P.
2 Stamford Plaza, Suite 1501
281 Tresser Boulevard
Stamford, Connecticut 06901
James D. Bennett
c/o Bennett Capital Corporation
2 Stamford Plaza, Suite 1501
281 Tresser Boulevard
Stamford, Connecticut 06901
|
||||
(c)
|
Citizenship:
|
|||
Restructuring Capital Associates, L.P. – Delaware
James D. Bennett – United States of America
|
||||
(d).
|
Title of Class of Securities:
|
|||
Common Stock, par value $.001 per share
|
||||
(e).
|
CUSIP Number:
|
|||
25212W100
|
Item 3.
|
If This Statement is filed pursuant to ss.240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a
|
||
(a)
|
[_]
|
Broker or dealer registered under Section 15 of the Exchange Act (15 U.S.C. 78c).
|
|
(b)
|
[_]
|
Bank as defined in Section 3(a)(6) of the Exchange Act (15 U.S.C. 78c).
|
|
(c)
|
[_]
|
Insurance company as defined in Section 3(a)(19) of the Exchange Act (15 U.S.C. 78c).
|
|
(d)
|
[_]
|
Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
|
|
(e)
|
[_]
|
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
|
|
(f)
|
[_]
|
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
|
|
(g)
|
[_]
|
A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
|
|
(h)
|
[_]
|
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813);
|
|
(i)
|
[_]
|
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 (15 U.S.C. 80a-3);
|
|
(j)
|
[_]
|
Group, in accordance with s.240.13d-1(b)(1)(ii)(J).
|
Item 4.
|
Ownership.
|
|||||
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
|
||||||
(a)
|
Amount beneficially owned:
|
|||||
Restructuring Capital Associates, L.P. – 4,304,831
James D. Bennett – 4,304,831
|
||||||
(b)
|
Percent of class:
|
|||||
Restructuring Capital Associates, L.P. – 8.5%
James D. Bennett – 8.5%
|
||||||
(c)
|
Number of shares as to which the person has:
|
|||||
(i)
|
Sole power to vote or to direct the vote
|
|||||
Restructuring Capital Associates, L.P. – 0
James D. Bennett – 0
|
||||||
(ii)
|
Shared power to vote or to direct the vote
|
|||||
Restructuring Capital Associates, L.P. – 4,304,831
James D. Bennett – 4,304,831
|
||||||
(iii)
|
Sole power to dispose or to direct the disposition of
|
|||||
Restructuring Capital Associates, L.P. – 0
James D. Bennett – 0
|
||||||
(iv)
|
Shared power to dispose or to direct the disposition of
|
|||||
Restructuring Capital Associates, L.P. – 4,304,831
James D. Bennett – 4,304,831
|
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 person 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.
|
If any other 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, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than five percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
|
|
On December 6, 2012, Dex One Corporation and Supermedia Inc. filed an Amended and Restated Agreement and Plan of Merger (the “Merger”) dated December 5, 2012. Under the proposed terms of the Merger, a newly formed corporation (“Newco”) shall be the surviving entity of the Merger with Supermedia Inc. shareholders receiving .4386 shares of Newco common stock (the “Newco Shares”) for each Supermedia share they own and each Dex One Corporation shareholder receiving .20 shares of the Newco Shares for each Dex One Corporation share they own. If the Merger is consummated on these proposed terms, it has been determined that the entities listed below will own, on a pro forma basis, the following percentages of Newco Shares:
|
Bennett Restructuring Fund, L.P.
|
4.85%
|
Bennett Offshore Restructuring Fund, Inc.
|
4.14%
|
BRF High Value, L.P.
|
0.36%
|
9.36%
|
All securities reported in this Schedule 13G are owned by advisory clients of Restructuring Capital Associates, L.P. On a pro forma basis, assuming the Merger is completed as contemplated, none of the advisory clients will individually own more than 5% of the outstanding Newco Shares.
|
Item 7.
|
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.
|
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
|
|
N/A
|
Item 8.
|
Identification and Classification of Members of the Group.
|
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
|
|
N/A
|
Item 9.
|
Notice of Dissolution of Group.
|
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
|
|
N/A
|
Item 10.
|
Certification.
|
|
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.
|
||
February 13, 2013
|
|
(Date)
|
|
RESTRUCTURING CAPITAL ASSOCIATES, L.P.*
By: Bennett Capital Corporation, its General Partner
|
|
By: /s/ James D. Bennett
|
|
(Signature)
|
|
James D. Bennett, President
|
|
(Name/Title)
|
February 13, 2013
|
|
(Date)
|
|
By: /s/ James D. Bennett*
|
|
(Signature)
|
|
James D. Bennett
|
|
(Name/Title)
|
February 13, 2013
|
|
(Date)
|
|
RESTRUCTURING CAPITAL ASSOCIATES, L.P.
By: Bennett Capital Corporation, its General Partner
|
|
By: /s/ James D. Bennett
|
|
(Signature)
|
|
James D. Bennett, President
|
|
(Name/Title)
|
February 13, 2013
|
|
(Date)
|
|
By: /s/ James D. Bennett
|
|
(Signature)
|
|
James D. Bennett
|
|
(Name/Title)
|