0000905148-16-001203.txt : 20160203 0000905148-16-001203.hdr.sgml : 20160203 20160203162653 ACCESSION NUMBER: 0000905148-16-001203 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20160203 DATE AS OF CHANGE: 20160203 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HUTCHINSON TECHNOLOGY INC CENTRAL INDEX KEY: 0000772897 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS, NEC [3679] IRS NUMBER: 410901840 STATE OF INCORPORATION: MN FISCAL YEAR END: 0924 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-37228 FILM NUMBER: 161385208 BUSINESS ADDRESS: STREET 1: 40 W HIGHLAND PARK CITY: HUTCHINSON STATE: MN ZIP: 55350 BUSINESS PHONE: 3205873797 MAIL ADDRESS: STREET 1: 40 W HIGHLAND PARK STREET 2: 40 W HIGHLAND PARK CITY: HUTCHINSON STATE: MN ZIP: 55350 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MERCED CAPITAL, L.P. CENTRAL INDEX KEY: 0001597848 IRS NUMBER: 411625820 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 601 CARLSON PARKWAY STREET 2: SUITE 200 CITY: MINNETONKA STATE: MN ZIP: 55305 BUSINESS PHONE: 952-476-7200 MAIL ADDRESS: STREET 1: 601 CARLSON PARKWAY STREET 2: SUITE 200 CITY: MINNETONKA STATE: MN ZIP: 55305 FORMER COMPANY: FORMER CONFORMED NAME: EBF & Associates, L.P. DATE OF NAME CHANGE: 20140122 SC 13G/A 1 efc16-062_sc13ga.htm efc15-092_fmsc13g.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549


 
SCHEDULE 13G
 
Under the Securities Exchange Act of 1934
(Amendment No.  1)*
 
Hutchinson Technology Incorporated
(Name of Issuer)
 
Common Stock, par value $.01 per share
(Title of Class of Securities)
 
448407106
(CUSIP Number)
 
December 31 2015
(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)
 

 
* 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 the disclosures provided in a prior cover page.
 
The information required in 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).
 

Continued on following pages
Page 1 of 9 Pages
Exhibit Index:  Page 8
 

SCHEDULE 13G
CUSIP No. 448407106
Page 2 of 9 Pages
 
1.
Names of Reporting Persons.
 
MERCED CAPITAL, L.P.
2.
Check the Appropriate Box if a Member of a Group
 
(a) ¨
(b) ¨
3.
 
SEC Use Only
 
 
4.
 
Citizenship or Place of Organization
 
Delaware
 

 
5.
Sole Voting Power
0
       
Number of
     
Shares
6.
Shared Voting Power
913,873
Beneficially
     
Owned by Each      
Reporting
7.
Sole Dispositive Power
0
Person With      
       
 
8.
Shared Dispositive Power
913,873

 
9.
 
Aggregate Amount Beneficially Owned by Each Reporting Person
 
913,873
 
 
10.
 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
 
¨
 
11.
 
Percent of Class Represented by Amount in Row (9)
 
2.7%
 
 
12.
 
 
Type of Reporting Person:
 
IA, PN
 
 
 
 

 
SCHEDULE 13G
CUSIP No. 448407106
Page 3 of 9 Pages
 
1.
Names of Reporting Persons.
 
SERIES E OF MERCED CAPITAL PARTNERS, LLC
2.
Check the Appropriate Box if a Member of a Group
 
(a) ¨
(b) ¨
3.
 
SEC Use Only
 
 
4.
 
Citizenship or Place of Organization
 
Delaware
 

 
5.
Sole Voting Power
0
       
Number of
     
Shares
6.
Shared Voting Power
913,873
Beneficially
     
Owned by Each      
Reporting
7.
Sole Dispositive Power
0
Person With      
       
 
8.
Shared Dispositive Power
913,873

 
9.
 
Aggregate Amount Beneficially Owned by Each Reporting Person
 
913,873
 
 
10.
 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
 
¨
 
11.
 
Percent of Class Represented by Amount in Row (9)
 
2.7%
 
 
12.
 
 
Type of Reporting Person:
 
OO
 
 
 
 

 
 
SCHEDULE 13G
CUSIP No. 448407106
Page 4 of 9 Pages
 
1.
Names of Reporting Persons.
 
DAVID A. ERICSON
2.
Check the Appropriate Box if a Member of a Group
 
(a) ¨
(b) ¨
3.
 
SEC Use Only
 
 
4.
 
Citizenship or Place of Organization
 
United States of America
 

 
5.
Sole Voting Power
0
       
Number of
     
Shares
6.
Shared Voting Power
913,873
Beneficially
     
Owned by Each      
Reporting
7.
Sole Dispositive Power
0
Person With      
       
 
8.
Shared Dispositive Power
913,873

 
9.
 
Aggregate Amount Beneficially Owned by Each Reporting Person
 
913,873
 
 
10.
 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
 
¨
 
11.
 
Percent of Class Represented by Amount in Row (9)
 
2.7%
 
 
12.
 
 
Type of Reporting Person:
 
IN, HC
 
 

 
 
 
Page 5 of 9 Pages
 
Item 1(a).
Name of Issuer:
 
Hutchinson Technology Incorporated (the "Issuer")
 
Item 1(b).
Address of Issuer’s Principal Executive Offices:
 
40 West Highland Park Drive NE, Hutchinson, Minnesota 55350
 
Item 2(a).
Name of Person Filing
 
This Schedule 13G is being filed by Merced Capital, L.P. (“Merced Capital”), general partner of Merced Partners Limited Partnership (“First MP”) and the investment adviser to Merced Partners IV, L.P. (“Second MP”); Series E of Merced Capital Partners, LLC (“Merced”), the general partner of Merced Capital; and David A. Ericson (“Mr. Ericson”), a managing director of Merced Capital and the Chairman, President and Chief Executive Officer of Merced (each of whom may be referred to herein as a “Reporting Person,” and, collectively, as the “Reporting Persons”). The positions reported herein, which are beneficially owned by the Reporting Persons, are held for the account of First MP and Second MP.  The Reporting Persons disclaim beneficial ownership of the Shares except to the extent of their pecuniary interest therein.

Item 2(b).
Address of Principal Business Office or, if None, Residence:
 
The address of the principal business office of each Reporting Person is 601 Carlson Parkway, Suite 200, Minnetonka, MN 55305.
 
Item 2(c).
Citizenship:
 
i)  Merced Capital is a Delaware limited partnership;
ii) Merced is a Delaware limited liability company; and
iii) Mr. Ericson is a citizen of the United States of America.
 
Item 2(d).
Title of Class of Securities:
 
Common Stock, par value $.01 per share (the “Shares”)
 
Item 2(e).
CUSIP Number:
 
448407106
 
Item 3.
If This Statement is Filed Pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c),
Check Whether the Person Filing is a:
 
This Item 3 is not applicable.

 
 
Page 6 of 9 Pages
 
Item 4.
Ownership:
 
Item 4(a)
Amount Beneficially Owned:
 
As of December 31, 2015, each of the Reporting Persons may be deemed to be the beneficial owner of 913,873 Shares, which amount includes (i) 274,162 Shares held for the account of the First MP and (ii) 639,711 Shares held for the account of Second MP.
 
Item 4(b)
Percent of Class:
 
As of December 31, 2015, each of the Reporting Persons may be deemed the beneficial owner of 2.7% of Shares outstanding. (There were 33,902,630 Shares outstanding as of December 9, 2015, according to the Issuer’s annual report on Form 10-K, filed December 11, 2015.)
 
Item 4(c)
Number of Shares as to which such person has:
 
(i) Sole power to vote or direct the vote: 0
   
(ii) Shared power to vote or direct the vote: 913,873
   
(iii) Sole power to dispose or direct the disposition of:  0
   
(iv) Shared power to dispose or direct the disposition of: 913,873
 
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 each of 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:
 
See disclosure in Items 2(a) and 4(a) hereof. Certain funds listed in Item 2(a) have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares covered by this statement that may be deemed to be beneficially owned by the Reporting Persons.
 
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person:

See disclosure in Item 2 hereof.
 
Item 8.
Identification and Classification of Members of the Group:
 
This Item 8 is not applicable.
 
Item 9.
Notice of Dissolution of Group:
 
This Item 9 is not applicable.
 
Item 10.
Certification:
 
By signing below I 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 with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.


Page 7 of 9 Pages
 
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.
 
 
MERCED CAPITAL, L.P.
 
  By:Series E of Merced Capital Partners, LLC, General Partner  
 
By:
/s/ David A. Ericson  
  Name:
David A. Ericson
 
  Title: Chairman, President and Chief Executive Officer  
       
 
 
SERIES E OF MERCED CAPITAL PARTNERS, LLC
 
       
 
By:
/s/ David A. Ericson  
  Name:
David A. Ericson
 
  Title: Chairman, President and Chief Executive Officer  
 
 
  /s/ David A. Ericson    
 
David A. Ericson
   
 
 
February 3, 2016
     
 
 

 
Page 8 of 9 Pages
 
EXHIBIT INDEX
 
Ex.
 
Page No.
     
A Joint Filing Agreement 9
     
 

 
Page 9 of 9 Pages
 
EXHIBIT A

JOINT FILING AGREEMENT

The undersigned agree that the statement on Schedule 13G with respect to the Common Stock of Hutchinson Technology Incorporated, dated as of February 3, 2016, is, and any amendments thereto (including amendments on Schedule 13D) signed by each of the undersigned shall be, filed on behalf of each of them pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.
 
 
 
MERCED CAPITAL, L.P.
 
  By:Series E of Merced Capital Partners, LLC, General Partner  
 
By:
/s/ David A. Ericson  
  Name:
David A. Ericson
 
  Title: Chairman, President and Chief Executive Officer  
       
 
 
SERIES E OF MERCED CAPITAL PARTNERS, LLC
 
       
 
By:
/s/ David A. Ericson  
  Name:
David A. Ericson
 
  Title: Chairman, President and Chief Executive Officer  
 
 
  /s/ David A. Ericson    
 
David A. Ericson
   
 
 
February 3, 2016